Read-Only:
Yes, I remember Faraday and the rest of those old guys and their respective laws very well. So, for the moment, let's concentrate on Faraday before trying to move on. In every single instance, Faraday included an electrical conductor (usually a coil, but a simple wire works also) for a current to flow in to produce the electrical part of an electromagnetic field. Move the magnet - fine. Move the wire - fine. But neither air, vacuum or whatever will substitute for the conductor.
I think you're getting sidetracked here.
If we're talking about electromagnetic
waves, you agree that EM waves can travel in vacuum. Right?
And what are EM waves? They are self-propagating electric and magnetic fields. Now, tell me your theory on HOW those fields self-propagate, without wires or conductors anywhere near.
Faraday's law can be formulated to discuss the induced EMF around a loop in space when the magnetic flux through that loop changes. This effect occurs whether the loop is an actual conducting loop, or just an imaginary loop in space. If you happen to place a conductor on the loop, the induced EMF will produce an induced electric current. You seem to recognise that currents can be produced, but you've missed the main game, which is that an
electric field is produced, regardless of the presence or absence of any conductor. It is that field which produces the current you mention when there happens to be a conductor in place.
Place the world's largest, most powerful magnet on a car and drive on the open road in the desert of Arizona. Unless you come within range of something that will conduct electricity, all you have is a big moving moving magnet - no EM radiation.
I'd have to think that one through. What produces EM radiation is
accelerating charge. Charge moving at constant speed only produces a static magnetic field.
So, a magnet moving at constant velocity may not produce EM radiation, as you say. I'm not 100% sure. Accelerating the magnet certainly would, though.
But you've changed the situation here. The original question asked about a rotating magnet, not one moving in a straight line at constant speed.