1. Last week, initial jobless claims fell to a 5-year low. At 335k, jobless aid applications haven't been this low since the beginning of the recession in January 2008.
2. Don Boudreaux continues his Cleaned by Capitalism series with an entry on the washing machine. See Hans Rosling's TED talk for more on the washing machine.
3. The Slingshot water purifier, invented by Dean Kamen and backed by Coca-Cola, is expanding from initial trials in Ghana to Paraguay, Mexico and South Africa. In the video below, Kamen says, "Global organizations... work on top-down, government-to-government big programs, and we're working on the Slingshot, the little tool that David needs to take on Goliath. [...] We could empty half of all the beds in all the hospitals in the world by just giving people clean water."
4. A new study shows that official poverty statistics in the United States grossly overstate poverty. The poverty rate has declined by 25 percentage point since 1960, and 8.5 percentage points since 1980.
5. Via Mark Perry, U.S. oil production grew more in 2012 than in any other year since we started keeping track. Weekly U.S. oil production is now at it's highest point in 20 years.
6. Planetary Resources, the asteroid mining company, has released a tech update, including video of a prototype for the Arkyd-100 satellite. But perhaps I should call them an asteroid mining company, because Planetary Resources isn't the only one anymore. A company called Deep Space Industries is also targeting asteroids. Deep Space Industries plans to bring back samples weighing 50+ pounds by 2016, and to have an established mining operation by 2020.
7. Bigelow Aerospace's inflatable space station idea is getting a boost with a two-year trial as a module on the ISS.
8. TSA has cancelled its contract with Rapiscan, the makers of the naked scanners. All naked scanners will be removed from airports by June. They will be replaced by scanners that do not show such fine detail. While the health concerns remain, this is definitely a step in the right direction.
Showing posts with label mining. Show all posts
Showing posts with label mining. Show all posts
Thursday, January 24, 2013
Tuesday, December 18, 2012
Recent Reasons for Optimism VI
While it's been awhile, I think it's time for another installment of Recent (more or less) Reasons for Optimism.
The Best of Humanity
1. Buzzfeed profiles some of the heroes of Sandy Hook. A single man embodied the worst that humanity can be and caused enormous suffering. But these six women stood up to the challenge and saved dozens of lives, some at the cost of their own.
2. Buzzfeed also has a list of "26 Moments that Restored Our Faith in Humanity." My favorites include the responses to Hurricane Sandy at #4 and #5, the man with the arthritic dog at #23, and the "parents of the year" at #24.
Health
3. This infographic, covering the leading causes of death since 1900, has some great reasons for optimism. The number one cause of death in 2010 was heart disease, but the deaths caused by heart disease have fallen steadily since their peak in the 60s, from about 370 to 193 per 100,000. Deaths from the second-worst killer, cancer, have also been falling since they peaked in the early 90s.
4. Scientists in the UK have successfully spurred nerve regeneration in paralyzed dogs by transplanting cells from the dogs' own noses to the injured areas. It remains to be seen if the technique will work in humans, but over several months, the dogs went from complete paralysis in the rear legs to being able to walk on a treadmill without assistance.
5. Jan Scheuermann, who is paralyzed from the neck down, can now operate a robotic arm using only her mind "with speeds comparable to the able-bodied" and with a 91.6% accuracy rate.
Civil Liberties
6. The Senate Judiciary Committee unanimously passed a bill that would require law enforcement to actually get warrants to read private emails, no matter how old the email is. The bill will now go to the full Senate, and if it passes there, would also need to pass the House and be signed by Obama, but at least it's a step in the right direction.
Technology
7. Self-driving cars are inching closer to reality. Ford plans to introduce cars that can drive for you in stressful stop-and-go traffic, possibly by 2015. But Volvo will beat them to the punch with cars that can drive themselves at slow speeds in 2014. Meanwhile, a company called Rio Tinto is already using ten driverless trucks to transport iron ore, with plans to expand to 150 over the next few years.
8. 3D printing is coming to a store near you, at least in Europe. Staples will be offering 3D printing services next year in The Netherlands and Belgium. No doubt the US will soon follow, if this turns out to be profitable for them. Meanwhile, Virginia Tech is providing 3D printing free for students (ht). Researchers in Britain are also having some success in printing electronics.
9. From Planetary Resources, a nearly hour-long video with a great amount of detail on the work they're doing to mine asteroids. Early in the video, Eric Anderson says, "The fact of the matter is that the population of the planet has grown a lot over the last couple hundred years, and people live longer, people live much better lives. It's really an extraordinary time to be alive. And yet, we're just at the cusp of doing some of the more incredibly exciting things that we never thought were possible before."
Some more highlights:
Economics
11. In the US, household net worth is the highest it's been since 2007, and higher than any point prior to 2006. The total value of US real estate is also on the rise for the first time since 2006.
12. Don Boudreaux is in the midst of a series of blog entries detailing how everyday items are both less expensive and higher quality today than in 1956, based on an old Sears catalog from that year. So far, he's included women's clothing, bedsheets and lawn care. Mark Perry has made similar observations using other old advertisements, including dishwashers and home entertainment.
And finally, not a reason for optimism, but rather a quote from Winston Churchill: "A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty."
The Best of Humanity
1. Buzzfeed profiles some of the heroes of Sandy Hook. A single man embodied the worst that humanity can be and caused enormous suffering. But these six women stood up to the challenge and saved dozens of lives, some at the cost of their own.
2. Buzzfeed also has a list of "26 Moments that Restored Our Faith in Humanity." My favorites include the responses to Hurricane Sandy at #4 and #5, the man with the arthritic dog at #23, and the "parents of the year" at #24.
Health
3. This infographic, covering the leading causes of death since 1900, has some great reasons for optimism. The number one cause of death in 2010 was heart disease, but the deaths caused by heart disease have fallen steadily since their peak in the 60s, from about 370 to 193 per 100,000. Deaths from the second-worst killer, cancer, have also been falling since they peaked in the early 90s.
4. Scientists in the UK have successfully spurred nerve regeneration in paralyzed dogs by transplanting cells from the dogs' own noses to the injured areas. It remains to be seen if the technique will work in humans, but over several months, the dogs went from complete paralysis in the rear legs to being able to walk on a treadmill without assistance.
5. Jan Scheuermann, who is paralyzed from the neck down, can now operate a robotic arm using only her mind "with speeds comparable to the able-bodied" and with a 91.6% accuracy rate.
Civil Liberties
6. The Senate Judiciary Committee unanimously passed a bill that would require law enforcement to actually get warrants to read private emails, no matter how old the email is. The bill will now go to the full Senate, and if it passes there, would also need to pass the House and be signed by Obama, but at least it's a step in the right direction.
Technology
7. Self-driving cars are inching closer to reality. Ford plans to introduce cars that can drive for you in stressful stop-and-go traffic, possibly by 2015. But Volvo will beat them to the punch with cars that can drive themselves at slow speeds in 2014. Meanwhile, a company called Rio Tinto is already using ten driverless trucks to transport iron ore, with plans to expand to 150 over the next few years.
8. 3D printing is coming to a store near you, at least in Europe. Staples will be offering 3D printing services next year in The Netherlands and Belgium. No doubt the US will soon follow, if this turns out to be profitable for them. Meanwhile, Virginia Tech is providing 3D printing free for students (ht). Researchers in Britain are also having some success in printing electronics.
9. From Planetary Resources, a nearly hour-long video with a great amount of detail on the work they're doing to mine asteroids. Early in the video, Eric Anderson says, "The fact of the matter is that the population of the planet has grown a lot over the last couple hundred years, and people live longer, people live much better lives. It's really an extraordinary time to be alive. And yet, we're just at the cusp of doing some of the more incredibly exciting things that we never thought were possible before."
Some more highlights:
- 17% of near-Earth asteroids are easier to reach than the surface of the moon.
- Platinum-group metals are usually mined in concentrations of a few parts per billion and have an average price of $1500 per ounce. A single 500-meter asteroid has more of these metals than have been mined from Earth in the history of humanity.
- Anderson: "Some of the naysayers to asteroid mining say, well gee, if you bring back all the platinum, then the price will crash. And I say, great. I would love to see that. I would like to see a world of abundance."
Economics
11. In the US, household net worth is the highest it's been since 2007, and higher than any point prior to 2006. The total value of US real estate is also on the rise for the first time since 2006.
12. Don Boudreaux is in the midst of a series of blog entries detailing how everyday items are both less expensive and higher quality today than in 1956, based on an old Sears catalog from that year. So far, he's included women's clothing, bedsheets and lawn care. Mark Perry has made similar observations using other old advertisements, including dishwashers and home entertainment.
And finally, not a reason for optimism, but rather a quote from Winston Churchill: "A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty."
Thursday, April 26, 2012
Everything We Hold of Value
The company Planetary Resources, and their plans to mine asteroids for gold, platinum and water, have been all over the news and the blogosphere the past few days. Now that I've stopped jumping up and down in excitement, here are a few thoughts I've had.
I) This is yet another piece of evidence to counter Tom Murphy's idea that the space age is over. As such, it's also another piece of evidence against his idea that growth must stop.
II) The announcement came just days after the space shuttle Discovery's last flight over DC on her way to the Smithsonian, and while the other shuttles are still being sent out to their final resting places. I can think of no better timing-- and indeed, maybe this was intentional-- to symbolize the transition from public to private. Space exploration is no longer the sole domain of government. As the private sector takes over, the industry will grow like never before.
III) The venture very well may fail. As the New York Times notes, it wouldn't be the first time a company had aimed to mine asteroids only to fail before getting there. That kind of thing happens in the private sector. It also happens in the public sector, with one very important difference. When Solyndra failed, it took with it my money, as well as yours, if you're an American taxpayer. The continuing failure of the United States Postal Service keeps taking taxpayer money with no end in sight. But if Planetary Resources fails, the only people who will lose money are those who are running it.
IV) One piece of evidence cited by reporters and bloggers as a reason they'll fail is NASA's upcoming OSIRIS-REx mission, which is spending a billion dollars to bring back just two ounces of material from a near-Earth asteroid. If they succeed, it will be an amazing example of the private sector's ability to do the same thing government does only cheaper. And even if they fail, they will surely develop some technologies along the way that will make things easier and cheaper for NASA's next asteroid mission, as well as the rest of the private space industry.
V) If they succeed, the added supply of gold will wreak havoc on any country using gold as a base for their currency. Anyone who still wants to go back to the gold standard needs to convince themselves that Planetary Resources-- and any successor companies-- will fail.
VI) In related news, a Canadian company recently got its first customer for material mined from the bottom of the sea near Papua New Guinea, with what they say is the "world's first commercial sea-floor mine." They're planning to begin operations in 2013. With mining on the bottom of the sea and in space, in a couple decades everything we now think is rare will be plentiful.
I'll close this with a quote from Peter Diamandis, one of the billionaires backing this enterprise: "If you look back historically at what has caused humanity to make its largest investments in exploration and in transportation, it has been going after resources, whether it's the Europeans going after the spice routes or the American settlers looking toward the west for gold, oil, timber or land. Those precious resources caused people to make huge investments in ships and railroads and pipelines. Looking to space, everything we hold of value on Earth - metals, minerals, energy, real estate, water - is in near-infinite quantities in space."
I) This is yet another piece of evidence to counter Tom Murphy's idea that the space age is over. As such, it's also another piece of evidence against his idea that growth must stop.
II) The announcement came just days after the space shuttle Discovery's last flight over DC on her way to the Smithsonian, and while the other shuttles are still being sent out to their final resting places. I can think of no better timing-- and indeed, maybe this was intentional-- to symbolize the transition from public to private. Space exploration is no longer the sole domain of government. As the private sector takes over, the industry will grow like never before.
III) The venture very well may fail. As the New York Times notes, it wouldn't be the first time a company had aimed to mine asteroids only to fail before getting there. That kind of thing happens in the private sector. It also happens in the public sector, with one very important difference. When Solyndra failed, it took with it my money, as well as yours, if you're an American taxpayer. The continuing failure of the United States Postal Service keeps taking taxpayer money with no end in sight. But if Planetary Resources fails, the only people who will lose money are those who are running it.
IV) One piece of evidence cited by reporters and bloggers as a reason they'll fail is NASA's upcoming OSIRIS-REx mission, which is spending a billion dollars to bring back just two ounces of material from a near-Earth asteroid. If they succeed, it will be an amazing example of the private sector's ability to do the same thing government does only cheaper. And even if they fail, they will surely develop some technologies along the way that will make things easier and cheaper for NASA's next asteroid mission, as well as the rest of the private space industry.
V) If they succeed, the added supply of gold will wreak havoc on any country using gold as a base for their currency. Anyone who still wants to go back to the gold standard needs to convince themselves that Planetary Resources-- and any successor companies-- will fail.
VI) In related news, a Canadian company recently got its first customer for material mined from the bottom of the sea near Papua New Guinea, with what they say is the "world's first commercial sea-floor mine." They're planning to begin operations in 2013. With mining on the bottom of the sea and in space, in a couple decades everything we now think is rare will be plentiful.
I'll close this with a quote from Peter Diamandis, one of the billionaires backing this enterprise: "If you look back historically at what has caused humanity to make its largest investments in exploration and in transportation, it has been going after resources, whether it's the Europeans going after the spice routes or the American settlers looking toward the west for gold, oil, timber or land. Those precious resources caused people to make huge investments in ships and railroads and pipelines. Looking to space, everything we hold of value on Earth - metals, minerals, energy, real estate, water - is in near-infinite quantities in space."
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