economics (19)

Tech Bros and Democracy...

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Topics: Civics, Civil Rights, Civilization, Climate Change, Economics, Environment, Existentialism, Fascism

Tech bros (n): someone, usually a man, who works in the digital technology industry, especially in the United States, and is sometimes thought to not have good social skills and to be too confident about their own ability. Source: Cambridge Dictionary

The Basic Laws of Human Stupidity,” Carlo M. Cipollo, UC Berkley, Economist, Historian

5 basic laws:

  1. Always and inevitably, everyone underestimates the number of stupid individuals in circulation. (E.g., Nazi Germany)
  2. The probability that a certain person is stupid is independent of any other characteristics of that person. (E.g., economics, education level, skillset)
  3. A stupid person is a person who causes losses to another person or a group of persons while himself deriving no gain and even possibly incurring losses. (E.g., authoritarian governments who destroy their countries, financial meltdowns, etc.)
  4. Non-stupid people always underestimate the damaging power of stupid individuals. In particular, non-stupid people constantly forget that at all times and places and under any circumstances, to deal with and (or) to associate with stupid people always turns out to be a costly mistake. (E.g., downplaying their impact, giving them the benefit of the doubt)
  5. A stupid person is more dangerous than a pillager. (E.g., Bandits act typically in self-interest. Stupid people don’t consider collateral damage, even to themselves.)

Call it "Dunning-Kruger" on steroids. The lead description on Amazon is ominous:

An economist explains five laws that confirm our worst fears: stupid people can and do rule the world

Throughout history, a powerful force has hindered the growth of human welfare and happiness. It is more powerful than the Mafia or the military. It has global catastrophic effects and can be found anywhere from the world's most powerful boardrooms to your local bar.

It is human stupidity.

I apply stupidity not to intelligence but to behavior that, once achieving arguable success in an area of life, empowers said person to feel they have a right, and in their mind, a duty, to pontificate on other areas of life that they have no experience in, or clue.

 In 1862, a famous Irish physicist and mathematician, Lord Kelvin, estimated that Earth was between 20-million and 400-million years old. While that is an enormous span of time, even an age of 400 million years would make the planet quite young in relation to the rest of the universe. Lord Kelvin based his conclusion on a calculation of how long it would have taken Earth to cool if it had begun as a molten mass. While his estimate was wrong by a significant margin, his technique of drawing conclusions based on observations and calculations was an accurate scientific method. How Did Scientists Calculate the Age of Earth? NatGeo Education

Suffice it to say, Lord Kelvin, for whom the Kelvin scale in Thermodynamics is named for reflecting a "complete absence of thermal energy," was WAY out over his skis!

Lord Kelvin, God bless him, exhibited the logical fallacy called "appeal to authority." He appealed to the fact that he was a superstar in thermodynamics (KNIGHTED, for crying out loud), so he had to be right! The geologists, ahem, the people who study the structure and composition of the Earth, in his mindIn his mind, the geologists, ahem, the people who study the structure and composition of the Earth, were wrong.

So, the "bros" (and most of them are male), have the unfortunate habit of assuming after they conquered the hill in Silicon Valley and became "new money" millionaires and billionaires, they have a right and an obligation to pontificate on matters in society they have no experience in, or clue. The bros might spread misinformation online on a platform they bought that arguably fails to attract other customers and might sue those who have left. They might use their leverage to turn over precedents in our nation's highest court. They are Einstein in their areas of expertise, but Fredo in all others. They are over their skis. They read the Cliff Notes to Atlas Shrugged, and forgot that Ayn Rand ended up on the collectivist scheme she railed against in her latter years: Social Security. For the bros, the government is daddy bailing them out of a jam of their creation usually, and everyone else isn't "special" or daddy's favorite: they are. And they want what they want, damn the economy, the environment, and the planet—he who dies last with the gold wins.

The "bros" should study earnestly the real and fictional outcomes of Boesky and Gekko.

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Fusion's Holy Grail...

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A view of the assembled experimental JT-60SA Tokamak nuclear fusion facility outside Tokyo, Japan. JT-60SA.ORG

Topics: Applied Physics, Economics, Energy, Heliophysics, Nuclear Fusion, Quantum Mechanics

Japan and the European Union have officially inaugurated testing at the world’s largest experimental nuclear fusion plant. Located roughly 85 miles north of Tokyo, the six-story JT-60SA “tokamak” facility heats plasma to 200 million degrees Celsius (around 360 million Fahrenheit) within its circular, magnetically insulated reactor. Although JT-60SA first powered up during a test run back in October, the partner governments’ December 1 announcement marks the official start of operations at the world’s biggest fusion center, reaffirming a “long-standing cooperation in the field of fusion energy.”

The tokamak—an acronym of the Russian-language designation of “toroidal chamber with magnetic coils”—has led researchers’ push towards achieving the “Holy Grail” of sustainable green energy production for decades. Often described as a large hollow donut, a tokamak is filled with gaseous hydrogen fuel that is then spun at immense high speeds using powerful magnetic coil encasements. When all goes as planned, intense force ionizes atoms to form helium plasma, much like how the sun produces its energy.

[Related: How a US lab created energy with fusion—again.]

Speaking at the inauguration event, EU energy commissioner Kadri Simson referred to the JT-60SA as “the most advanced tokamak in the world,” representing “a milestone for fusion history.”

“Fusion has the potential to become a key component for energy mix in the second half of this century,” she continued.

The world’s largest experimental tokamak nuclear fusion reactor is up and running, Andrew Paul, Popular Science.

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Bitcoin and Gaia...

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"What are the environmental impacts of cryptocurrency?" Written by Paul Kim; edited by Jasmine Suarez Mar 17, 2022, 5:21 PM EDT, Business Insider.

 Image: Ethereum, the second biggest cryptocurrency on the market, plans on changing to proof of stake mining in the future. Rachel Mendelson/Insider

 

Topics: Applied Physics, Computer Science, Cryptography, Economics, Environment, Star Trek, Thermodynamics

In what is now “old school Internet” (or web surfing for fogies), I will get a friend request from someone on Facebook/Meta who is in cryptocurrency. I quote myself in the first paragraph of what I refer to as my “public service announcement):

I am not INTERESTED in crypto. As someone who worked with cryptography as a matter of national security, holding a TS/SCI clearance, when you start your message with “let me explain to YOU how crypto works,” expect to get blocked.

Invariably, I still do, which makes me wonder if they read the PSA or think “they will be the one” to sign me. News flash, pilgrim...I now have another pertinent reason to ignore your blockchain solicitations, actually, several good reasons.

Every time we turn on a light in our homes, there is a thermal budget that we are being charged for (that's how Duke Power makes its money in North Carolina and Perdernales Electric Cooperative in Texas). Bitcoin/Blockchain (I think) caught the imagination because it seemed like a "Federation Credit" from Star Trek, where no one explains fully how a society that is "post-scarcity" somehow feels the need for some type of currency in utopia. It's kind of like magic carpets: you go with the bit for the story - warp drive, Heisenberg compensators, Federation credits. The story, and if you are thoroughly entertained after the denouement, not the physics, is what matters.

You might not be extracting anything from the planet directly, but Bitcoin mining has a massive impact on the planet’s environment.

Mining resources from our planet can take a devastating toll on the environment, both local and global. Even beyond this, using the resource could cause disastrous effects on our planet, and dependence on a single resource can wreak havoc on a country’s economy. Yet, many of these resources are needed for our daily lives -- sometimes as a luxury, sometimes as a necessity. Any responsible country or company should always take pause to consider what impact mining of any kind can have on the planet.

It turns out that these days, one type of mining might be the worst for Earth’s environment: bitcoins. Yes, the “mining” of virtual currency makes its mark on our planet. The unequal distribution of Bitcoin mining across the globe means that some countries are making a much larger dent into the planet’s climate and environment than others ... all for a “resource” that is far from necessary for our society.

Bitcoin mining uses a lot of computing power to solve the cryptographic puzzles that lie at the heart of the industry. As of today (October 30, 2023), each Bitcoin is worth over $34,000, and with the multitude of other cryptocoins out there, using computers to unlock more can be a profitable endeavor. Almost half a trillion dollars of the global economy runs on these “virtual currencies.”

Worst Kind of Mining for the Environment? It Might Be Bitcoin. Erik Klemetti, Discover Magazine

 

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Economics...

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Topics: Economics, Nobel Laureate, Nobel Prize

Prize announcement. NobelPrize.org. Nobel Prize Outreach AB 2023. Mon. 9 Oct 2023. < https://www.nobelprize.org/prizes/economic-sciences/2023/prize-announcement/ >

9 October 2023

The Royal Swedish Academy of Sciences has decided to award the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2023 to

Claudia Goldin
Harvard University, Cambridge, MA, USA

“for having advanced our understanding of women’s labor market outcomes”

She uncovered key drivers of gender differences in the labor market

This year’s Laureate in the Economic Sciences, Claudia Goldin, provided the first comprehensive account of women’s earnings and labor market participation through the centuries. Her research reveals the causes of change, as well as the main sources of the remaining gender gap.

Women are vastly underrepresented in the global labor market, and when they work, they earn less than men. Claudia Goldin has trawled the archives and collected over 200 years of data from the US, allowing her to demonstrate how and why gender differences in earnings and employment rates have changed over time.

Goldin showed that female participation in the labor market did not have an upward trend over this entire period but instead formed a U-shaped curve. The participation of married women decreased with the transition from an agrarian to an industrial society in the early nineteenth century but then started to increase with the growth of the service sector in the early twentieth century. Goldin explained this pattern as the result of structural change and evolving social norms regarding women’s responsibilities for home and family.

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Green Transition...

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Photo: Getty Images

Topics: Battery, Chemistry, Climate Change, Economics, Global Warming

Welcome back to The Green Era, a weekly newsletter bringing you the news and trends in the world of sustainability. Click subscribe above to be notified of future editions.

The shift to renewable energy has caused consternation over the fate of workers in the fossil fuel industry. Those same concerns are hitting the automotive sector as U.S. demand for electric vehicles grows.

EVs require not just new assembly lines and parts but also factories to build the batteries that power them. The president of one of the biggest unions called the transition the largest in the industry’s history.

The automotive sector and its workers are not new to factory closures. The Great Recession brought the big three automakers to their knees, forcing the federal government to bail them out, leaving cities like Detroit and large swaths of the midwest with car workers out of a job.

This time could be different. Many factories are being converted and are investing in retraining their workers. The batteries and charging infrastructure required present another opportunity. Ford, General Motors, and Volkswagen are all building new battery manufacturing plants or expanding existing ones in Tennessee.

The EV transition is changing workers’ skills and state economies, Jordyn Dahl, LinkedIn

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Green Homing...

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Divine light The Dean of Gloucester Cathedral, Stephen Lake, blesses the cathedral’s solar panels after the solar-energy firm MyPower installed them in November 2016. The array of PV panels generates just over 25% of the building’s electricity. (Courtesy: MyPower)

Topics: Alternate Energy, Applied Physics, Battery, Chemistry, Economics, Solar Power

With energy bills on the rise, plenty of people are interested in ditching the fossil fuels currently used to heat most UK homes. The question is how to make it happen, as Margaret Harris explains.

Deep beneath the flagstones of the medieval Bath Abbey church, a modern marvel with an ancient twist is silently making its presence felt. Completed in March 2021, the abbey’s heating system combines underfloor pipes with heat exchangers located seven meters below the surface. There, a drain built nearly 2000 years ago carries 1.1 million liters of 40 °C water every day from a natural hot spring into a complex of ancient Roman baths.

By tapping into this flow of warm water, the system provides enough energy to heat not only the abbey but also an adjacent row of Georgian cottages used for offices. No wonder the abbey’s rector praised it as “a sustainable solution for heating our beautiful historic church.”

But that wasn’t all. Once efforts to decarbonize the abbey’s heating were underway, officials in the £19.4m Bath Abbey Footprint project turned their attention to the building’s electricity. Like most churches, the abbey runs from east to west, giving its roof an extensive south-facing aspect. At the UK’s northerly latitudes, such roofs are bathed in sunlight for much of the day, making them ideal for solar photovoltaic (PV) panels. Gloucester Cathedral – an hour’s drive north of Bath – has already taken advantage of this favorable orientation, becoming – in 2016 – the UK’s first major ancient cathedral to have solar panels installed on its roof.

To find out if a similar set-up might be suitable at Bath Abbey, the Footprint project worked with Ph.D. students in the University of Bath-led Centre for Doctoral Training (CDT) in New and Sustainable Photovoltaics. In a feasibility study published in Energy Science & Engineering (2022 10 892), the students calculated that a well-designed array of PV panels could supply 35.7% of the abbey’s electricity, plus 4.6% that could be sold back to the grid on days when a surplus was generated. The array would pay for itself within about 13 years and generate a total profit of £139,000 ± £12,000 over its 25-year lifetime.

Home, green home: scientific solutions for cutting carbon and (maybe) saving money, Margaret Harris, Physics World

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Four Days...

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Credit: Jose Luis Pelaez/Getty Images

Topics: Civilization, COVID-19, Democracy, Economics, Education, Existentialism

Working four days instead of five—with the same pay—leads to improved well-being among employees without damaging the company’s productivity. That’s the recently reported result of a four-day workweek test that ran for six months, from June to December 2022 and involved a total of 61 U.K. companies with a combined workforce of about 2,900 employees.

During the COVID pandemic, many workers experienced increased stress and even burnout, a state of exhaustion that can make it difficult to meet work goals. “It’s a very huge issue,” says independent organizational psychologist and consultant Michael Leiter, who was not involved in the new report. “You see it, particularly in health care, where I do much of my work. It’s making it much more difficult to hold on to talented people.” He explains that stress in the workplace makes it difficult for companies in health care and many other fields to recruit new hires and keep existing employees. But greater awareness of burnout and related issues can have a positive effect, Leiter adds. “People are demanding more changes in how the work is organized,” he says.

That demand is what led the independent research organization Autonomy, in conjunction with the advocacy groups 4 Day Week Global and 4 Day Week Campaign and researchers at the University of Cambridge, Boston College, and other institutions, to publish a report on what happens when companies reduce the number of days in a workweek. According to surveys of participants, 71 percent of respondents reported lower levels of burnout, and 39 percent reported being less stressed than when they began the test. Companies experienced 65 percent fewer sick and personal days. And the number of resignations dropped by more than half compared with an earlier six-month period. Despite employees logging fewer work hours, companies’ revenues barely changed during the test period. In fact, they actually increased slightly, by 1.4 percent on average.

A Four-Day Workweek Reduces Stress without Hurting Productivity, Jan Dönges, Sophie Bushwick, Scientific American

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Chips for America...

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Topics: Economics, Electrical Engineering, Materials Science, Semiconductor Technology

WASHINGTON — The Biden-Harris administration, through the U.S. Department of Commerce’s National Institute of Standards and Technology, today launched the first CHIPS for America funding opportunity for manufacturing incentives to restore U.S. leadership in semiconductor manufacturing, support good-paying jobs across the semiconductor supply chain, and advance U.S. economic and national security.

As part of the bipartisan CHIPS and Science Act, the Department of Commerce oversees $50 billion to revitalize the U.S. semiconductor industry, including $39 billion in semiconductor incentives. The first funding opportunity seeks applications for projects to construct, expand or modernize commercial facilities for the production of leading-edge, current-generation, and mature-node semiconductors. This includes both front-end wafer fabrication and back-end packaging. The department will also release a funding opportunity for semiconductor materials and equipment facilities in the late spring and one for research and development facilities in the fall.

“The CHIPS and Science Act presents a historic opportunity to unleash the next generation of American innovation, protect our national security and preserve our global economic competitiveness,” said Secretary of Commerce Gina M. Raimondo. “When we have finished implementing CHIPS for America, we will be the premier destination in the world where new leading-edge chip architectures can be invented in our research labs, designed for every end-use application, manufactured at scale, and packaged with the most advanced technologies. Throughout our work, we are committed to protecting taxpayer dollars, strengthening America’s workforce, and giving America’s businesses a platform to do what they do best: innovate, scale, and compete.”

The CHIPS and Science Act is part of President Joe Biden’s economic plan to invest in America, stimulating private sector investment, creating good-paying jobs, making more in the United States, and revitalizing communities left behind. 

CHIPS for America also today released a “Vision for Success,” laying out strategic objectives building on the vision Secretary Raimondo shared in her speech last week at Georgetown University’s School of Foreign Service. To advance U.S. economic and national security, the department aims to reach the following goals by the end of the decade: (1) make the U.S. home to at least two new large-scale clusters of leading-edge logic chip fabs, (2) make the U.S. home to multiple high-volume advanced packaging facilities, (3) produce high-volume leading-edge memory chips, and (4) increase production capacity for current-generation and mature-node chips, especially for critical domestic industries. Read more about these goals in the Vision for Success paper here.

NIST: Biden-Harris Administration Launches First CHIPS for America Funding Opportunity

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The New McCarthyism...

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New liberal ad ties presumptive future House Speaker Kevin McCarthy to ‘red scare’ icon Joseph McCarthy, Peter Weber, The Week

Topics: Civics, Civilization, Democracy, Economics, Existentialism, Fascism

Debt Ceiling and Dystopia

The debt limit does not authorize new spending commitments. It simply allows the government to finance existing legal obligations that Congresses and presidents of both parties have made in the past.

Failing to increase the debt limit would have catastrophic economic consequences. It would cause the government to default on its legal obligations – an unprecedented event in American history. That would precipitate another financial crisis and threaten the jobs and savings of everyday Americans – putting the United States right back in a deep economic hole just as the country is recovering from the recent recession.

Congress has always acted when called upon to raise the debt limit. Since 1960, Congress has acted 78 separate times to permanently raise, temporarily extend, or revise the definition of the debt limit – 49 times under Republican presidents and 29 times under Democratic presidents. Congressional leaders in both parties have recognized that this is necessary.

Source: Treasury.gov

The Old McCarthyism

Elected to the Senate in 1946, Joseph McCarthy (1908-1957) did not draw major national attention until 1950. On February 9th of that year, he delivered a Lincoln Day address in Wheeling, West Virginia, blaming failures in American foreign policy on Communist infiltration of the U.S. government. The Wisconsin Republican claimed to have a list of known Communists still working in the Department of State. A special subcommittee investigated McCarthy’s charges and rejected them as “a fraud and a hoax.” Still, the outbreak of the Korean War and the highly publicized conviction of Alger Hiss lent credibility to the charges. When McCarthy became chairman of the Permanent Subcommittee on Investigations in 1953, he launched a series of investigations into alleged subversion and espionage. In 1954 a confrontation with the army led to the nationally televised Army-McCarthy hearings, which tarnished McCarthy’s public image, undermined his charges, and prompted his censure by the U.S. Senate.

Source: Senate.gov

The New McCarthyism, or the New Testament of the Soulless

“If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic, and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.

This is an excellent definition of the “Big lie,” however, there seems to be no evidence that it was used by Nazi propaganda chief Joseph Goebbels, though it is often attributed to him.

The OSS psychological profile of Hitler described his use of the big lie:

His primary rules were: never allow the public to cool off; never admit a fault or wrong; never concede that there may be some good in your enemy; never leave room for alternatives; never accept blame; concentrate on one enemy at a time and blame him for everything that goes wrong; people will believe a big lie sooner than a little one; and if you repeat it frequently enough people will sooner or later believe it.

Source: Jewish Virtual Library/Joseph Goebbels: The Big Lie

"Then if anyone at all is to have the privilege of lying, the rulers of the State should be the persons; and they, in their dealings either with enemies or with their [own] citizens, may be allowed to lie for the public good. But nobody else should meddle with anything of the kind." Plato, The Republic

We tell ourselves lies: E Pluribus Unum - out of many, one, or the "melting pot," Emma Lazarus's poem at the Statue of Liberty, whitewashing the kidnapping of Africans, the indentured servitude of poor whites and Native Americans, the disdain our immigration laws treated immigrants from the Chinese Exclusion Act, Catholics, Italians, Czecholovacians, Russians, to the recently attempted Muslim Ban.

One lie a sizable number of citizens are telling themselves: a demographic shift either isn't happening or can be mitigated by either denying electoral losses or keeping certain people from voting.

America Looks Different

The nation’s demographic changes add to the urgency of recognizing how precarious our position has become.

America is changing demographically, and unless Republicans can grow our appeal the way GOP governors have done, the changes tilt the playing field even more in the Democratic direction.

In 1980, exit polls tell us that the electorate was 88 percent white. In 2012, it was 72 percent white. Hispanics made up 7 percent of the electorate in 2000, 8 percent in 2004, 9 percent in 2008, and 10 percent in 2012. According to the Pew Hispanic Center, in 2050, whites will be 47 percent of the country, while Hispanics will grow to 29 percent and Asians to 9 percent.

If we want ethnic minority voters to support Republicans, we must engage them and show our sincerity.

Source: The Growth and Opportunity Project (the so-called autopsy), page 7, paragraph 2

A functional party would look at this and disseminate it. They might hire consultants to form focus groups. The message would be broadcast from radio stations, television, and the Internet: Republicans want to be a "big tent" party. We (republicans) want to expand to minorities, women, and youth. A function party acting on these practical, fact-based conclusions would look completely different than the fiasco we are currently witnessing. They have shown since this report to be racing in the opposite direction, heading over the proverbial lemming cliff. Maybe they tried, but most of their electorate wasn't receptive to "others" being under their red tent.

Rural Americans reliably votes republican and guaranteed the re-elections of Greg Abbott and Ron DeSantis, miniatures of Trump showing after higher infection rates and deaths from Covid, gun massacres, faux crusades against asylum seekers, undocumented immigrants - usually coming for construction jobs at American companies paying them cash under the table, and wars against Critical Race Theory (i.e., accurately taught American history), Nazi book bans, and assaulting the beach of Drag Queen story hour with AR15s - all it takes to win elections is the scare and make angry the right number of white people.

The New McCarthyism is based on Goebbels's "Big Lie," the current one given by a septuagenarian that could not accept another septuagenarian who beat him in the 2020 election. So narcissistic and pathological was the loser he fomented a coup in the 21st Century, 20 years after 9-11. Osama Bin Laden is gone, a casualty of Seal Team Six, but his chief aim of destabilizing the west of showing the "Great Satan" to be a paper tiger. To show that the ideals we espoused overseas couldn't even be maintained at home. The Civil Rights Movement, the killing of African Americans: all of this has been televised and broadcast. Osama and Vladimir Putin only pushed on an open sore and poured in salt. The culmination of Osama and Vladimir's wildest dreams was the election of a mop-headed, fake billionaire that has lost more money than he's ever earned. The book I believe he read from cover to cover and emulated in his rallies was "My New Order," a collection of speeches by Adolf Hitler. It is in its original form, 1,008 pages long. At one time, he had an attention span beyond that of a gnat. He seems to have committed it to memory. The only person who would know for sure, Ivana, is buried surreptitiously on his golf course in New Jersey.

Concealed carry devolved to open carry, in many states requiring no registration or training, studies showing the threats to African Americans getting shot elevated by such conditions. The goal of the New McCarthyism is the same as old-time American Klan-robed fascism: it frightens African Americans first, then the general public. Where does anyone feel safe now when schools, malls, and places of worship have become killing fields? The government dysfunction we’ve seen since the Speaker vote debacle and the threat not to raise the debt ceiling (25% of which was accrued during the previous administration) is by design. It is to “wear out” the electorate; it is the proverbial “pox on both houses,” and the convenient discovery of classified documents with former Vice Presidents Biden and Pence is both sides-ism on steroids and textbook gaslighting. It is to give us no reason to believe voting will change anything. It is voter suppression by gaslighting because the Growth and Opportunity Project would take too much work. and change. They are not a serious governing party: they are the comments section on Facebook reading "Green Eggs and Ham."

The Republic is a repudiation of the rights of kings to rule over a country, the lives of peasants, and hoard wealth for themselves. The new world kings/billionaires/oligarchs are trying to reestablish that through means of fear, violence, and terror.

Kevin McCarthy will cement his legacy as this nation's weakest (and likely, short-lived) Speaker of the House. He's given away his power and threatened the default of the full faith and credit of the United States. This would defund the Ukraine war on Ukraine's and Russia's sides. It would raise U.S. unemployment from record lows to third-world levels. It would pitch the world over that same lemming's cliff into the Greatest Depression, possibly the last. It would guarantee an electoral loss for the Grand Old Party that rejected the price of growth and opportunity: diversity, equity, and inclusion.

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The Nobel Prize in Economics 2022...

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Topics: Economics, Nobel Laureate, Nobel Prize

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2022 was awarded jointly to Ben S. Bernanke, Douglas W. Diamond, and Philip H. Dybvig "for research on banks and financial crises"

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2022. NobelPrize.org. Nobel Prize Outreach AB 2022. Mon. 10 Oct 2022. < https://www.nobelprize.org/prizes/economic-sciences/2022/summary/ >

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Zombie Apocalypse...

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A nurse prepares a COVID-19 vaccine in Guwahati, India, on 10 April. A new subvariant named BA.2.75 that was first detected in India has surfaced in many other countries. ANUPAM NATH/AP IMAGES

Topics: Biology, COVID-19, DNA, Economics, Environment, Evolution, Existentialism

Ed Rybicki, a virologist at the University of Cape Town in South Africa, concentrated his article in Scientific American on the viruses dominating the news cycle in the early 2000s: Ebola, Marburg, and HIV. Not comforting, but he said, "HIV, which is thought to have first emerged in humans in the 1930s, is another kind of virus, known as a retrovirus." Not mentioned, but the H1N1 comes from the 1918 Flu Pandemic, and a friend in Texas lost his girlfriend to it also in the early 2000s. Retro means "a process that reverses the normal flow of information in cells" and relates to a bridge between the first forms of life on this planet. In an e-brief, I wrote my first year at JSNN, an article in Nature: Education posits that viruses are not ‘alive’ because they don’t have metabolic processes, one of the four criteria for life (“organized, metabolism, genetic code, and reproduction”). The last part is important: they cannot reproduce asexually (unicellular division), or sexually with genders, spermatozoa, and an incubation period before birthing a copy. In other words, they aren't "alive," but they aren't dead either. They manage to replicate themselves by invading a host. Usually us.

It DOES mention three possible mechanisms as to origins: The Progressive Hypothesis, i.e., “bits and pieces” of a genome gained the ability to move in and out of cells (retroviruses like HIV given as an example); The Regressive Hypothesis, meaning the viruses evolved from some common ancestor to their current state (reductio ad absurdum), lastly The Virus-First Hypothesis, which puts any anthropocentric notions away and their hypothesis that viruses existed before mortals as “self-replicating units.”

I am as ready for this pandemic to be over as anyone else. However, this read from AAAS didn't give me hope that a societal "all-clear" will be uttered, or that we'll overcome our shared arrogance and stupidity:

In the short history of the COVID-19 pandemic, 2021 was the year of the new variants. Alpha, Beta, Gamma, and Delta each had a couple of months in the Sun.

But this was the year of Omicron, which swept the globe late in 2021 and has continued to dominate, with subvariants—given more prosaic names such as BA.1, BA.2, and BA.2.12.1—appearing in rapid succession. Two closely related subvariants named BA.4 and BA.5 are now driving infections around the world, but new candidates, including one named BA.2.75, are knocking on the door.

Omicron’s lasting dominance has evolutionary biologists wondering what comes next. Some think it’s a sign that SARS-CoV-2’s initial frenzy of evolution is over and it, like other coronaviruses that have been with humanity much longer, is settling into a pattern of gradual evolution. “I think a good guess is that either BA.2 or BA.5 will spawn additional descendants with more mutations and that one or more of those subvariants will spread and will be the next thing,” says Jesse Bloom, an evolutionary biologist at the Fred Hutchinson Cancer Research Center.

But others believe a new variant different enough from Omicron and all other variants to deserve the next Greek letter designation, Pi, may already be developing, perhaps in a chronically infected patient. And even if Omicron is not replaced, its dominance is no cause for complacency, says Maria Van Kerkhove, technical lead for COVID-19 at the World Health Organization. “It’s bad enough as it is,” she says. “If we can’t get people to act [without] a new Greek name, that’s a problem.”

As Omicron rages on, scientists have no idea what comes next, Kai Kupferschmidt, American Association for the Advancement of Science

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The Caveat of Cul De Sacs...

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A river snakes its way through the Amazon rain forest in Peru.
Credits: USDA Forest Service

Topics: Climate Change, Economics, Environment, Existentialism, Global Warming

The finding comes out of an effort to map where vegetation is emitting and soaking up carbon dioxide from the atmosphere.

Earth’s trees and plants pull vast amounts of carbon dioxide out of the atmosphere during photosynthesis, incorporating some of that carbon into structures like wood. Areas that absorb more carbon than they emit are called carbon sinks. But plants can also emit the greenhouse gas during processes like respiration, when dead plants decay, or during combustion in the case of fires. Researchers are particularly interested in whether – and how – plants at the scale of an ecosystem like a forest act as sources or sinks in an increasingly warming world.  

A recent study led by scientists at NASA’s Jet Propulsion Laboratory in Southern California identified whether vegetated areas like forests and savannas around the world were carbon sources or sinks every year from 2000 to 2019. The research found that over the course of those two decades, living woody plants were responsible for more than 80% of the sources and sinks on land, with soil, leaf litter, and decaying organic matter making up the rest. But they also saw that vegetation retained a far smaller fraction of the carbon than the scientists originally thought.

In addition, the researchers found that the total amount of carbon emitted and absorbed in the tropics was four times larger than in temperate regions and boreal areas (the northernmost forests) combined, but that the ability of tropical forests to absorb massive amounts of carbon has waned in recent years. The decline in this ability is because of large-scale deforestation, habitat degradation, and climate change effects, like more frequent droughts and fires. In fact, the study, published in Science Advances, showed that 90% of the carbon that forests around the world absorb from the atmosphere is offset by the amount of carbon released by such disturbances as deforestation and droughts.

The scientists created maps of carbon sources and sinks from land-use changes like deforestation, habitat degradation, and forest planting, as well as forest growth. They did so by analyzing data on global vegetation collected from space using instruments such as NASA’s Geoscience Laser Altimeter System (GLAS) onboard ICESat and the agency’s Moderate Resolution Imaging Spectroradiometer (MODIS) aboard the Terra and Aqua satellites, respectively. The analysis used a machine-learning algorithm that the researchers first trained using vegetation data gathered on the ground and in the air using laser-scanning instruments.

NASA Study Finds Tropical Forests’ Ability to Absorb Carbon Dioxide Is Waning, Jane J. Lee / Ian J. O’Neill

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MisInfo Wars...

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Image Source: Link Below

Topics: COVID-19, Democracy, Economics, Existentialism

Eric Boehlert nailed it on Press Run: the Murdock variant. I alluded to this Friday. True-to-form, the gaslighting led to a selloff on Wall Street of almost 800 points, from fears of the Delta variant conservative news outlets have been sacrificing their own viewers to impact. Question: Didn't Rupert Murdock, owner of Fox and the Wall Street Journal just lose money? Aren't all conservative oligarchs with propaganda outlets losing money?

The only thing that makes "sense" is that instead of news organizations, conservative "news" outlets are essentially a congress of sociopaths.

U.S. Surgeon General Vivek Murthy today issued a public advisory on health misinformation, calling it a “serious threat to public health” and encouraging all Americans to help slow its spread during the COVID-19 pandemic and beyond. To that end, the National Academies have been addressing misinformation in health and science on multiple fronts and are taking steps to help cultivate a fact- and evidence-based information environment.

“This pandemic has demonstrated as never before how critical it is not only to combat false and misleading claims but also to get clear, understandable, and potentially lifesaving health guidance to the public,” said National Academy of Medicine President Victor J. Dzau. “The National Academies are eager to support the surgeon general in this effort and are committed to working with the research community, health care providers, government agencies, and others to help amplify credible, authoritative health information.”

“Misinformation is worse than an epidemic: It spreads at the speed of light throughout the globe, and can prove deadly when it reinforces misplaced personal bias against all trustworthy evidence,” added National Academy of Sciences President Marcia McNutt. “Research is helping us combat this ‘misinfodemic’ through understanding its origins and the aspects of human nature that make it so transmittable."

The surgeon general’s advisory defines misinformation as “information that is false, inaccurate, or misleading according to the best available evidence at the time,” and notes that, although some knowingly and deliberately share misinformation, many others do so inadvertently because they are unaware of any inaccuracy or they are raising concerns or seeking answers. The rise of social media has also enabled misinformation to be spread more quickly and frequently.

As Surgeon General Urges ‘Whole-of-Society’ Effort to Fight Health Misinformation, the Work of the National Academies Helps Foster an Evidence-Based Information Environment

Molly Galvin, National Academies of Sciences, Engineering, and Medicine

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Ransomware, and Biofuels...

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Continuous improvements in farming and biofuel production technology have helped establish ethanol as a low-carbon fuel.

Topics: Biology, Biofuels, Climate Change, Dark Side, Economics, Environment

The carbon footprint of corn ethanol shrunk by 23% between 2005 and 2019 as farmers and ethanol producers adopted new technologies and improved efficiency, according to a new analysis published in the academic journal Biofuels Bioproducts and Biorefining by scientists at the Department of Energy’s Argonne National Laboratory. By 2019, the researchers found, corn ethanol was reducing lifecycle greenhouse gas emissions by 44-52% compared to gasoline.

Since 2000, corn ethanol production in the United State has increased significantly – from 1.6 to 15 billion gallons – due to supportive biofuel policies. In its study, the Argonne laboratory conducted a retrospective analysis of the changes in U.S. corn ethanol greenhouse gas emission intensity, sometimes known as carbon intensity, over the 15 years from 2005 to 2019, showing a significant decrease of 23%.

The carbon footprint of corn ethanol shrunk by 23% between 2005 and 2019 as farmers and ethanol producers adopted new technologies and improved efficiency, according to a new analysis published in the academic journal Biofuels Bioproducts and Biorefining by scientists at the Department of Energy’s Argonne National Laboratory. By 2019, the researchers found, corn ethanol was reducing lifecycle greenhouse gas emissions by 44-52% compared to gasoline.

Since 2000, corn ethanol production in the United State has increased significantly – from 1.6 to 15 billion gallons – due to supportive biofuel policies. In its study, the Argonne laboratory conducted a retrospective analysis of the changes in U.S. corn ethanol greenhouse gas emission intensity, sometimes known as carbon intensity, over the 15 years from 2005 to 2019, showing a significant decrease of 23%.

This is due to several factors, the analysis explains. Corn grain yield has increased continuously, reaching 168 bushels/acre or a 15% increase while fertilizer inputs per acre have remained constant, resulting in decreased intensities of fertilizer inputs with a 7% and 18% reduction in nitrogen and potash use per bushel of corn grain harvested, respectively. The study also found a 14% reduction per bushel in farming energy use.

The analysis also found a 6.5% increase in ethanol yield, from 2.70 to 2.86 gal/bushel corn, and a 24% reduction in ethanol plant energy use, from 32 000 to 25 000 Btu/gal ethanol also helped reduce the carbon intensity.

“Our study shows that while the corn ethanol industry has experienced significant volume expansion, it has reduced the GHG intensity of corn ethanol through improved U.S. corn farming and ethanol biorefinery operations. Corn yield has increased, and chemical and energy use intensities of corn farming have decreased. In ethanol biorefineries, ethanol yield has increased, and energy use has decreased significantly,” according to the researchers. “Biofuels, including corn ethanol, can play a critical role in the U.S. desire for deep decarbonization of its economy.”

Bonus: I'm not sure Russian criminal elements can hack, or extort us with it.

Researchers add evidence to ethanol’s low-carbon benefits, Jacqui Fatka, Farm Progress

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Virgin Hyperloop...

 

Topics: Economics, Futurism, Magnetism, Transportation

In the desert just north of Las Vegas, a long white metal tube sits at the base of the mountains, promising to one day revolutionize travel.

That is where Virgin Hyperloop, whose partners include Richard Branson's Virgin Group, is developing the technology for passenger pods that will hurtle at speeds of up to 750 miles an hour (1,200 kph) through almost air-free vacuum tunnels using magnetic levitation.

"It will feel like an aircraft at take-off and once you're at speed," said co-founder and Chief Executive Josh Giegel, who gave Reuters an exclusive tour of the pod used in its November test run, where it was propelled along a 500 meter (1,640 ft.) tunnel.

"You won't even have turbulence because our system is basically completely able to react to all that turbulence. Think noise-canceling but bump-canceling, if you will."

Virgin Hyperloop shows off the future: mass transport in floating magnetic pods, Reuters

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Nobel Prize in Economics...

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Nobel Prize, Economics.

Topics: Economics, Nobel Laureate, Nobel Prize

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2020 was awarded jointly to Paul R. Milgrom and Robert B. Wilson "for improvements to auction theory and inventions of new auction formats."

 The Prize in Economic Sciences 2020. NobelPrize.org. Nobel Media AB 2020. Mon. 12 Oct 2020. <https://www.nobelprize.org/prizes/economic-sciences/2020/summary/>

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Nanotech and Business...

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Joint School of Nanoscience and Nanoengineering: Facebook

 

Topics: African Americans, Diversity, Diversity in Science, Economics, Nanotechnology


Historically Black Colleges & Universities (HBCUs) should pursue research in the nanotech sector. Other universities are leveraging significant funding to lead the way in nanotechnology research. For instance, the Institute for Nanotechnology was established as an umbrella organization for the multi-million dollar nanotechnology research efforts at Northwestern University. The role of the Institute is to support meaningful efforts in nanotechnology, house state-of-the-art nanomaterials characterization facilities, and support individual and group efforts aimed at addressing and solving key problems in nanotechnology.As part of this effort, a $34 million, 40,000 square foot state-of-the-art Center for Nanofabrication and Molecular Self-Assembly was constructed on the Evanston, Illinois campus. The new facility, which was anchored by a $14 million grant from the Department of Health and Human Services, is one of the first federally funded facilities of its kind in the United States and home to the Institute headquarters.

Since you asked...

The Nano School

Nanotechnology is often referred to as convergent technology because it utilizes knowledge from a diverse array of disciplines including biology, chemistry, physics, engineering, and technology. JSNN has six research focus areas—nanobioscience, nanometrology, nanomaterials (with special emphasis on nanocomposite materials), nanobioelectronics, nanoenergy, and computational nanotechnology.

Our Mission

The Joint School of Nanoscience and Nanoengineering (JSNN) mission is to be a catalyst for breakthrough innovations that provides high-impact academic, industry and government research outcomes.

Our Vision

The Joint School of Nanoscience and Nanoengineering (JSNN) is a collaboration between two high research universities: North Carolina A&T State University (NC A&T SU) and The University of North Carolina at Greensboro (UNCG). Collaboration will always be a core part of JSNN’s DNA. JSNN will constantly seek out strategic collaborations with other academic institutions, industry and government organizations as a catalyst for continuing to produce research breakthroughs.

To achieve the mission, JSNN recruits students that are the best and brightest men and women from a variety of disciplines to conduct advanced research in Nanoengineering and Nanoscience. Students are challenged to choose a research area that is expected to provide significant benefit to mankind. Beyond becoming exceptional researchers, students will develop leadership and communication skills that will make them an exceptional asset in any academic, industry or government organization.

JSNN is also catalyst for economic development. The Southeastern Nanotechnology Infrastructure Corridor (SENIC) was created as a partnership between Georgia Tech and JSNN, a collaboration of NC A&T and UNCG. SENIC combines the infrastructure strengths of both Georgia Tech and the JSNN to provide academic, industry and government users affordable access to one of the largest and most modern Nano-fabrication and Nano-characterization tool sets in the country.
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What's At Stake...

 

Topics: Civics, Civil Rights, Economics, Fascism, Human Rights, Politics


The Democratic Leadership Council (DLC) was a non-profit 501(c)(4) corporation[1] founded in 1985 that, upon its formation, argued the United States Democratic Party should shift away from the leftward turn it took in the late 1960s, 1970s, and 1980s. One of its main purposes was to win back white middle class voters with ideas that addressed their concerns.[2] The DLC hailed President Bill Clinton as proof of the viability of Third Way politicians and as a DLC success story.

The DLC's affiliated think tank was the Progressive Policy Institute. Democrats who adhered to the DLC's philosophy often called themselves New Democrats. This term is also used by other groups who have similar views on where the party should go in the future, like NDN[3] and Third Way.[4]

On February 7, 2011, Politico reported that the DLC would dissolve, and would do so as early as the following week.[5] On July 5 of that year, DLC founder Al From announced in a statement on the organization's website that the historical records of the DLC have been purchased by the Clinton Foundation.[6] The DLC's last chairman was former Representative Harold Ford of Tennessee, and its vice chair was Senator Thomas R. Carper of Delaware. Its CEO was Bruce Reed.

Source: Wikipedia


The Supreme Court's 2010 decision in Citizens United v. Federal Election Commission helped unleash unprecedented amounts of outside spending in the 2010 and 2012 election cycles. The case, along with other legal developments, spawned the creation of super PACs, which can accept unlimited contributions from corporate and union treasuries, as well as from individuals; these groups spent more than $800 million in the 2012 election cycle. It also triggered a boom in political activity by tax-exempt "dark money" organizations that don't have to disclose their donors. You can listen to the decision (see "Opinion Announcement - January 21, 2010") as read by Justice Kennedy and the dissenting opinion read by Justice Stevens. Read on to learn more about how the Supreme Court transformed the campaign finance landscape with this decision, and how it is now affecting U.S. politics.

Citizen's United vs. Federal Election Commission, OpenSecrets.org

Both political parties through the need for funds deified the "free hand of the market." Both are concerned at the resonant chord Sanders, Warren et al have struck with an electorate not umbilical-tied to the Dow Jones Industrial Average. Instead of a "rising tide that lifts all boats," the effort to kowtow at Moloch's altar has produced Caligula.

Former Governor and "Bain Capitalist" Deval Patrick threw his hat into the democratic primary, as did billionaire and former republican, former independent and ended-up-democrat Mayor Mike "stop and frisk" Bloomberg. Governor Patrick seemed to eclipse the news another school shooting occurred in California, now apparently routine, despite the death of two citizens that won't grow up. Meanwhile, Erdoğan blasted a propaganda video over his I-Pad showing the Kurds as terrorists, the same aforementioned Kurds he apparently has a "great relationship" with while committing genocide.

In the ever-changing defense of the indefensible, the Reich Wing has veered from the impeachment inquiry hearings have "no pizzazz" and chief of lies tweeting about it sixty times in a day, Hillary colluded with the Russians (to apparently, lose the election and plunge us all into a dystopian nightmare); crowd strike, star chamber, no Quid Pro Quo, a Quid but no Pro Quo what-about-ism on bribery and the latest hilarious defense: he's too stupid to commit a genuine Mafia shakedown - he forgot the cement boots.

We have a political party that believes in science, facts and reality who's name has been turned into a pejorative ("democrat party").

We have a political party that believes in conspiracy theory, lies and obfuscation; "creates its own Karl Rove realities," believes the self-admitted sexual assaulter NEVER LIES (according to Franklin Graham) that somehow with a straight face still associates itself with integrity, principles and "family values." Stephen Miller - the architect of our kiddie concentration camps, apparently willed himself "white" and shared racist propaganda that would have prevented his grandfather's escape from Polish pogroms.
 
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See "Sunshine Fascism," April 12, 2019

Impeachment, despite the protestation is in The Constitution. Alexander Hamilton (well pre the Broadway hit and triple platinum album) wrote about it in the Federalists Papers:

A well-constituted court for the trial of impeachments is an object not more to be desired than difficult to be obtained in a government wholly elective. The subjects of its jurisdiction are those offenses which proceed from the misconduct of public men, or, in other words, from the abuse or violation of some public trust. They are of a nature which may with peculiar propriety be denominated POLITICAL, as they relate chiefly to injuries done immediately to the society itself. The prosecution of them, for this reason, will seldom fail to agitate the passions of the whole community, and to divide it into parties more or less friendly or inimical to the accused. In many cases it will connect itself with the pre-existing factions, and will enlist all their animosities, partialities, influence, and interest on one side or on the other; and in such cases there will always be the greatest danger that the decision will be regulated more by the comparative strength of parties, than by the real demonstrations of innocence or guilt. Federalist 65, Yale Law School

The President of the United States would be liable to be impeached, tried, and, upon conviction of treason, bribery, or other high crimes or misdemeanors, removed from office; and would afterwards be liable to prosecution and punishment in the ordinary course of law. The person of the king of Great Britain is sacred and inviolable; there is no constitutional tribunal to which he is amenable; no punishment to which he can be subjected without involving the crisis of a national revolution. In this delicate and important circumstance of personal responsibility, the President of Confederated America would stand upon no better ground than a governor of New York, and upon worse ground than the governors of Maryland and Delaware. Federalist 69, Yale Law School

Putin would love to discredit representative democracy, itself a pejorative to him. The Internet Research Agency has interfered in elections around the globe, an annoyance so far with one clear success here in the US. He would love for all nations to organize around strongmen - reporting to him, of course - making him richer than Midas and Solomon.

For the rest of us, outside of the politburo would be literally as Russia faced years before its 1989 fall: disease, famine and death.

The defeat and demise of democracy would have the impact of the Chicxulub crater.

Except instead of a wall falling symbolically, we could be facing extinction. Only delusion and hubris would make us ignore this.

A few xenophobic Ayn Rand worshipers will be rich beyond the wildest psychopaths' dreams - for a moment - until inevitable Entropy completes our societal and mass species apoptosis. There will be no second act and fully negates starships, lest they be filled with ghosts, corpses and dreams. It's that stark.
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Off-World Ventures...

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A scheme to beam solar power entails collecting sunlight and beaming it to Earth. An array of mirrored heliostats (conical structure) collects the sunlight, and a photovoltaic array (disk) converts it into electricity, which is then converted into a coherent microwave beam and sent to receivers almost anywhere in view on Earth. The image depicts the SPS-ALPHA, or Solar Power Satellite by means of Arbitrarily Large Phased Array.

 

Topics: Asteroids, Economics, Space Exploration, Spaceflight


An apparent confluence of political will and technological readiness has fans of humankind’s expansion beyond Earth hopeful that their dreams may soon become reality. Alongside a rise in missions to the Moon by agencies and private companies in the US, Europe, China, Japan, India, and Russia, commercial sectors are buzzing with related activities. And various governmental and nongovernmental bodies are strategizing about environmental, ethical, legal, sociological, and other issues of space utilization and colonization.

With interest in space travel growing—spurred in part by billionaire entrepreneurs such as Jeff Bezos and Elon Musk—enthusiasts say the time is right to figure out how to use space resources, including water, solar power, and lunar regolith. Doing so would expand space exploration, increase commercial activities in space, and lead to technological advances for humanity, says Angel Abbud-Madrid, director of the first graduate degree program in space resources, which he and colleagues launched last year at the Colorado School of Mines.

The only space resource exploited to date is the view of Earth from orbit for such applications as global positioning systems, weather prediction, communications, and science missions. A few years ago the prospect of mining asteroids for platinum and other metals to use on Earth was “the rage,” says George Sowers of the Colorado School of Mines. But the business case didn’t hold up. One exception might be rare-earth elements, but in the near to mid term, he says, “bringing stuff back to Earth is not economically viable.” For now, the focus has shifted to using space resources in situ.

Water is a primary target resource in space. Electrolyzed into hydrogen and oxygen, it becomes fuel that could replenish satellites in orbit and propel rockets for exploring the solar system and returning to Earth. Astronauts and space tourists could drink water, use it for gardening and hygiene, and shield themselves from ionizing radiation with meter-thick sheaths of it around habitats or spacecraft.

 

Prospect of off-planet outposts spurs interest in space resources
Toni Feder, Physics Today

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