Showing posts with label The Economist. Show all posts
Showing posts with label The Economist. Show all posts

Tuesday, March 5, 2013

Reasons for Optimism X

1. Americans today are 20% less likely to die from cancer than we were in 1991. The death rate from cancer has fallen from 215.1 to 173.1 per 100,000. The decrease has been seen in men, women and children. Although death rates for some cancers are up, death rates for the four most common types of cancer (lung, colon, breast and prostate) have all fallen by more than 30%.

2. A second person has been cured of HIV, this time a newborn treated with triple the typical dose of antiretroviral drugs. The only person to have previously been cured of HIV was Timothy Brown, cured after a bone marrow transplant from a donor who was naturally immune. This second case holds far more promise as it is cheaper and may be easier to replicate.

3. The FDA has finally approved an early version of Geordi's visor, although the manufacturer's have opted for the name "artificial retina" instead. The device wirelessly sends images from a camera to an eye implant. The downside is that the implant requires the user to have some functioning retinal cells, so this is not a full cure for blindness. The upside is that the bulk of the device can be removed just like normal glasses, making upgrades easy.

4. Don Boudreaux continues his Cleaned by Capitalism series with an entry on "health-care products supplied quite successfully by free markets on a fee-for-service basis."

5. Once again via Mark Perry, U.S. oil production continues to grow. Texas has doubled oil production in the last three years, and is now producing more domestic oil than the entire country imports from the Persian Gulf. Christof Rühl, chief economist for BP, wrote recently, "The United States is likely to surpass Saudi Arabia in daily output very soon, and non-OPEC production will dominate global supply growth over the coming decade."

Furthermore, as of October 2012, the United States is producing more oil per day than every country in Central and South America combined. As recently as 2009, those countries were consistently producing 25-30% more oil than the US.

But the shale revolution isn't just here in the United States. Global oil production for the first three quarters of 2012 was 1% higher than all of 2011. Once the numbers are in for the fourth quarter, 2012 is expected to set an all-time record. For those worried that increased oil production means we'll just run out sooner, consider that ExxonMobil discovered more new recoverable oil last year than they took out of the ground--for the 19th year in a row.

6. Mark Perry and Don Boudreaux together penned a Wall Street Journal opinion piece arguing against middle class stagnation. (AEI also has a copy, in case the WSJ version is eventually paywalled.) They address the CPI's overstatement of inflation, the expansion in non-wage compensation, the large-scale entry of women into the labor force, rising life expectancy, the falling cost of "basics" like housing and food at home, and falling inequality in services like air travel and goods like consumer electronics. The piece is a wide-ranging but somewhat shallow introduction to the many lines of evidence that life is actually improving for most Americans.

Boudreaux has follow-ups to the piece here, herehere and here, including responses to some critics. Perry has follow-ups here and here. There's also more on the topic from James Pethokoukis and David Henderson.

7. Via MR, a village in India has dramatically improved agriculture yields using a method called System of Root Intensification (SRI) that focuses on soil conditions and plant density. Poor farmers in Darveshpura have set new world records for rice and potatoes, and SRI seems to improve yields for other crops as well. Some doubt the claims are legitimate, but the ease of adopting the method would allow small farmers the world over to increase their yields if the claims prove true.

8. Oliver August of The Economist recently completed a wide-ranging journey across 23 African countries. In the interview, he speaks of how easy it was to complete the journey, and says, "The main experience of travelling across Africa is one of hopefulness, one of industry, one of striving amongst the many still-quite-poor people, and one of a sense of a future that is coming closer quite quickly."

Monday, June 4, 2012

Recent Reasons for Optimism Reloaded

I know "Reloaded" was the second movie, and this is my third Recent Reasons for Optimism entry, but... yeah, I don't have a good reason, so on to the optimism! Space news dominated the week, but there are also reasons to be optimistic about agriculture, health and the economy.

1. For starters, Joshua at PostLibertarian has his own list of reasons for optimism, including SpaceX's success with the Falcon 9, Cubify's new 3D printer and the lowering of legal hurdles for driverless cars. Also check out his previous reasons for optimism, including lower child mortality and improving technologies, among others.

2 Speaking of space, SpaceX has also just signed their first commercial contract for the Falcon Heavy rocket. The Falcon Heavy is basically three Falcon 9's strapped together. When completed, it will be able to take 58.5 tons into orbit, more than double the shuttle's 26.8 tons at less than a quarter of the cost.

3. SpaceX isn't the only good news in space. A company in the UK has announced plans (ht One Per Cent) to launch nanosatellites that, once in orbit, can dock with each other in novel configurations. One of the benefits would be easier in-orbit upgrades to satellites equipped with the technology. In a perfect example of the Matt Ridley quote in the sidebar here, the nanosatellites would use Kinect cameras to sense each other and make docking possible. "The more we invent, the more inventions become possible."

4. Just one more about space: Virgin Galactic has been granted an FAA permit for the first rocket-powered tests of SpaceShipTwo, which will eventually carry tourists into space. They plan to begin those tests this year, with an eye to actual tourist flights starting in 2013-2014.

5. The Free Exchange blog at The Economist reviews two recent books, one painting a picture of an America in decline, the other the opposite. In blogger R.A.'s words, "To spin a story of decline, one has to demonstrate that policies are considerably worse than they used to be, and that they're unlikely to improve. It's actually quite difficult to do this." While there are looming problems, R.A. says, "these issues, and other worries as well, are not being ignored or greeted with complacency," and "American innovation is proving as impressive as ever."

6. Two studies covered at World Climate Report (ht @mattwridley) portend good news for crop yields. Increased atmospheric carbon dioxide helps rice out-compete weeds and encourages more photosynthesis in wheat. Higher temperatures also improve wheat water use efficiency. The scientists predicted that by 2050, global warming would raise wheat yields by about 5.8% in lower altitudes and more than 10% in higher altitudes.

7. A ten-year-old girl, Sammie Hicks, was until recently only able to hear with a hearing aid. In April, she was given a cochlear implant and recorded for Youtube the moment it was finally turned on in May. She jumps as the sounds come in, and adjusts to hearing herself breathe for the first time. In the video, she starts crying, and later said, "It was overwhelming. But the reason I really cried? I couldn’t believe all the stuff I was missing." In a later video, she talks about hearing pencils writing at school, and the wind on her way home.

8. Paralyzed rats with "severe spinal injuries" were effectively cured of their paralysis, regaining the ability to walk after 2-3 weeks and achieving "100% recuperation" after 5-6 weeks of treatment, including a special stimulating device and the ratty equivalent of physical therapy. A similar treatment for humans could be available within just a year or two.

9. The plural of anecdotes is not data. However, anecdotally, in my little corner of the world, the economy seems to be improving. People I know who have been unemployed, some for a very long time, over the last few weeks have been finding jobs. Walking down the street this past week, I've seen "Now Hiring" signs in the windows of local businesses. There are fresh faces working at businesses I frequent, and even the local mall is expanding.

10. With Friday's disappointing employment numbers from the establishment survey, you'd be forgiven for thinking the economic data is all doom and gloom. However, the household survey told a different story. While the establishment survey measured only 69k new jobs, the more-accurate household survey picked up 422k.  Even the establishment survey looks better when you look at the private sector, which is where we want the growth to happen anyway. And while the unemployment rate ticked up from 8.1% to 8.2%, this was because the labor force grew by 642k as the long-term non-employed start looking for work again. That's not a bad thing!

11. Finally, a note on optimism itself. The CultureLab blog at New Scientist interviews Elaine Fox, author of the book Rainy Brain, Sunny Brain. Fox believes that we can retrain our brains to become more optimistic. She also cites research on the benefits of optimism, saying, "The research shows that, as long as they are realists too, people who have an optimistic mindset and feel like they are able to cope when things do go wrong benefit in all sorts of ways. The evidence is also quite strong now that an optimistic mindset is beneficial for our health. People with optimistic mindsets are also more successful in business, and seem to live longer."

Saturday, May 19, 2012

Recent Reasons for Optimism

A few optimism-inspiring stories from the past week or so:

1) Researchers at UBC have taken the first step towards a universal flu vaccine.

2) Claire Lomas, paralyzed from the chest down, completed a full 26.2-mile marathon with the help of a bionic suit (video here).

3) Cathy Hutchinson, a tetraplegic who cannot move her arms or legs, was able to lift a bottle to her mouth for a drink with a robotic arm controlled through a brain implant (video here).

4) I've heard of wearing your heart on your sleeve, but how about carrying your pancreas in your hand? A new device billed as a "hand-held artificial pancreas" could soon be improving life for diabetics (ht Innovations).

5) Moving away from bionics, Bob Murphy highlights the case for energy optimism, focusing on proved oil reserves that have continued to grow even as we use more oil than ever before.

6) On the same topic, Mark Perry at Carpe Diem shares some data showing global oil production has now surpassed 75 million barrels per day, and after a few years of apparent stagnation, is now higher than ever before.

7) Randal O'Toole, aka The Antiplanner, recently took a ride inside Google's self-driving car, which I've covered before.

8) From The Economist's Free Exchange blog, researchers in India and Bangladesh have found that sometimes what the poor need most is optimism and hope. The belief that they can improve their lives gives them the ability to actually do so. Small interventions that provide hope, such as providing an $8 bus ticket, decreased depression and spurred the poor to take more action on their own.

Sunday, March 11, 2012

Optimism Week

This week saw quite a few optimistic stories in the news and the blogosphere, so I thought I'd bring them together in one place here.

Over at The Economist, the Schumpeter blog highlights two new books, Abundance: The Future is Better Than You Think by Peter Diamandis and Steven Kotler and The Creative Destruction of Medicine: How the Digital Revolution Will Create Better Health Care by Eric Topol. According to The Economist, "These books are a godsend for those who suffer from Armageddon fatigue."

For more on Peter Diamandis, see the one-minute video Evidence for Abundance embedded below. For even more, check out his 16-minute TED talk, where he points out the progress we've made over the last hundred years, and makes the case for future abundance in energy, water, communications, health and education.


The Economist (ht PostLibertarian) also ran a story this week with the tag-line "For the first time ever, the number of poor people is declining everywhere." That tag-line is a bit misleading-- it may be "the first time ever," but the global decline in poverty has been going on since 2005, a point I've raised before.

The optimism hasn't been limited to The Economist, however. New Scientist ran several features this week focusing on optimism in "the deep future." These range from the availability of natural resources to why we won't kill ourselves off. One of them even includes a tag-line guaranteed to tickle my mood affiliation: "The more optimistic we are about the future of our species, the better we can focus on today's challenges." Although some of those stories are slated to drop behind a paywall soon, NS's non-paywalled blogs were also optimistic this week.

It doesn't end there. Charles Kenny at Foreign Policy magazine (ht To Get Rich is Glorious) notes that pretty much all of us here in the West are in the top 1% globally. They say, "America's rich are really, really rich," but "by global standards, America's middle class is also really, really rich."

Finally, David Boaz at Cato@Liberty points to George Vanderbilt, one of the richest men of his time who despite a massive library and music collection, had less access to books and music than today's internet-connected poor. He also mentions JFK's son Patrick, who was born to the most powerful man on Earth yet died in infancy from a condition that would be "routine" to cure today.

If you've seen any optimistic news lately, please let me know about it in the comments!