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Archive for the ‘economics’ category: Page 101

Aug 13, 2012

The Electric Septic Spintronic Artilect

Posted by in categories: biological, biotech/medical, business, chemistry, climatology, complex systems, counterterrorism, defense, economics, education, engineering, ethics, events, evolution, existential risks, futurism, geopolitics, homo sapiens, human trajectories, information science, military, neuroscience, nuclear weapons, policy, robotics/AI, scientific freedom, singularity, space, supercomputing, sustainability, transparency

AI scientist Hugo de Garis has prophesied the next great historical conflict will be between those who would build gods and those who would stop them.

It seems to be happening before our eyes as the incredible pace of scientific discovery leaves our imaginations behind.

We need only flush the toilet to power the artificial mega mind coming into existence within the next few decades. I am actually not intentionally trying to write anything bizarre- it is just this strange planet we are living on.

http://www.sciencedaily.com/releases/2012/08/120813155525.htm

http://www.sciencedaily.com/releases/2012/08/120813123034.htm

Aug 12, 2012

One Hundred and Eighty Impact Craters

Posted by in categories: asteroid/comet impacts, counterterrorism, defense, economics, education, engineering, ethics, events, existential risks, futurism, geopolitics, military, nuclear weapons, space, transparency, treaties

http://phys.org/news/2012-08-impact-crater-arctic.html

They found yet another reason to build nuclear interceptors to deflect asteroids and comet impact threats.

Sooner or later something is going to hit us. It could be like Tunguska in 1908 and destroy a city instead of a forest in Siberia- or it could be like what hit the Yucatan 65 million years ago.

Except just a little bigger and nothing larger than bacteria will survive. There is nothing written anywhere that says it will not happen tomorrow.

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Aug 7, 2012

Party Like It’s 1912…

Posted by in categories: asteroid/comet impacts, complex systems, economics, ethics, existential risks, fun, lifeboat, media & arts, rants

It’s the centennial year of the Titanic disaster, and that tragedy remains a touchstone.

The lifeboat angle is obvious. So is the ice hazard: then it was icebergs, now it’s comets.

But 100 years of expanding awareness has revealed the other threats we’re now aware of. We have to think about asteroids, nano- and genotech accidents, ill-considered high-energy experiments, economic and social collapse into oligarchy and debt peonage, and all the many others.

What a great subject for a Movie Night! Here are some great old movies about lifeboats and their discontents.

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Jul 25, 2012

Ownership of Archieved Tweets

Posted by in category: economics

- From Integrationalism

In April of 2010 the Library of Congress announced that it will acquire all of the public tweets for future generations to review. It’s quite the ambitious effort from a technological standpoint, considering all of the data migration and storage as the micro-blogging social network grows. The initiative also has some uncovered ethical and democratic potential that are currently being overlooked.

Twitter as a platform is empowering the creators of the world to understand how their co-conspirers and consumers are affecting the discovery, development, and delivery of new goods & services to be brought to market. For instance, Marketing and other R&D departments across the globe at the enterprise scale are using social networks like Twitter to monitor and improve their CRM (Customer Relationship Management) processes. These aren’t rigid customer service initiatives, but also customer discovery initiatives. Social networking is giving new meaning to the idea that supply & demand are never ending sphere of interaction; further, confusing the philosophical ideal of who might our creators and consumers be.

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Jul 12, 2012

A Resilient Logic for Hazardous Times

Posted by in categories: complex systems, economics, engineering, ethics, existential risks, nuclear weapons, policy, sustainability
“If the rate of change on the outside
exceeds the rate of change on the inside, the end is near”
- Jack Welch

Complex societies are heavily addicted to expensive, vulnerable and potentially hazardous infrastructure. We rely on a healthy environment for production of food and access to clean water. We depend on technological infrastructure for energy supplies and communications. We are deeply addicted to economic growth to support growing populations and consumption. If one of these pillars of modern society crumbles our existence will collapse like a house of cards.

The interdependencies and complexities of the system we call modern society has become so intertangled that finding a robust and simple solution to our problems has become close to impossible. Historically the cold war gave us the logic of a “balance of terror”. This logic, originally concerned with a balance of U.S. vs. Soviet military capacities, has lead to an increasingly expensive way of reducing risk and ever expanding bureaucracies to keep us “virtually safe”.

With the onset of a global economic recession, drastic climate change, deadly natural disasters, raging civil wars and diminishing natural resources we need a new logic. A set of moral laws for reducing risk and mitigating consequences applicable at a low cost from the bottom up of entire societies.

The concept of resilience is based on the idea that disasters are inevitable and a natural part of existence. Our best defense is preparedness and engineering systems that not only can withstand heavy strains but also absorb damage. The Institute for Resilient Infrastructure at the University of Leeds gives this definition of “Resilience”;

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Jul 6, 2012

Per Aspera Ad Astra

Posted by in categories: economics, education, engineering, ethics, futurism, human trajectories, philosophy, policy, rants, scientific freedom, space, sustainability, transparency

The unknown troubles and attracts us. We long to discover a reason for our existence. We look out to the stars through the darkness of space to observe phenomena incredibly far distances away. Many of us are curious about the things we see, these unknowns.

Yet, many of us look skyward and are uninspired, believing that our time and resources best be kept grounded. Despite our human-centered ideologies, our self-assured prophecies, our religious and philosophical beliefs, no existential rationale seems apparent.

We as people welcome technology into our lives and use it constantly to communicate and function. Scientific discoveries pique the interest of every citizen in every country, and technological revolutions have always preceded social and political revolutions from the creation of the internet back to man’s first use of simple tools. Leaders of nations proclaim the importance of science and discovery to our welfare to be utmost.

But what we have seen done recently contradicts these proclamations: space programs are closed; science funding for schools always falls short; and we see no emphasis of the significance of science in our modern culture. Our governments call for the best but provide capital for only the satisfactory, if even. We no longer succumb to the allure of learning simply for the sake of knowing what we once did not know. We have stopped dreaming.

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Jun 26, 2012

A Brief Analysis of the Future of US — China Relations

Posted by in categories: business, defense, economics, ethics, geopolitics, military, policy

ENVIRONMENT & BACKGROUND

China is a rising world power with: increasing international economic power; improving military strength; tumultuous social issues. Exiting from the recent global economic and financial crisis, China sees itself strengthening and growing while America (and much of the ‘Western’ world) struggles to recuperate. This recovery disparity has given support to Chinese sentiment suggesting the superiority of Chinese policy and social culture.

China’s newfound (or newly revived) superiority complex has complicated American interaction with the government, where China now appears to be doing everything it can to avoid looking weak and to resist US/Western influence. With China’s rise, incentives for America to pressure democratization, establishment of free market economics, and improvement of human rights have grown in intensity. The US has very direct interests in the ‘Westernization’ of China and China does see benefits to cooperation, however they seem to resist or avert most American challenges to the Sino-status quo.

AVAILABLE OPTIONS

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Jun 24, 2012

The Importance of NASA

Posted by in categories: business, economics, education, engineering, policy, space

America has been a spacefaring nation since 1958. Over the past fifty-three years, America overtook its first rival, the Soviet Union (spacefaring since 1957), and maintained its supremacy in the aerospace and aeronautical industries, having the most developed and successful space program, the strongest private aerospace/aeronautical industry, and the most intelligent engineers and scientists. During times where space exploration and advanced scientific research programs seem inappropriate to publicly fund and continue where economic difficulties, contested military actions, and other civil/financial issues seem to demand precedence, it needs to be promoted that NASA (National Aeronautics and Space Administration) is of immense importance to the security and welfare of the United States of America and must remain a national priority. NASA drives STEM (science, technology, engineering, and mathematics) education as well as the development of commercial and defense technologies and works with private engineering and science companies across the country, employing thousands of brilliant engineers, scientists, and technicians to ensure the safety of the American people and maintain the technological and explorational prestige this country has always possessed.

NASA’s accomplishments are inspirational to students. It is capable of orbiting people around the planet in minutes, building a space station, and placing man on the moon, and in doing so powerfully inspires individuals to aspire for careers with the organization. In order to become involved with NASA, a student must study science, technology, engineering and/or mathematics, and by creating a strong incentive for people to study these topics, demand for STEM education increases. As demand increases, more STEM programs will develop and more people will become involved in STEM disciplines. Students studying STEM subjects develop critical thinking skills and strong senses of logic to overcome various problems and conflicts. New generations of engineers and scientists will rise to replace the retiring generations and surpass them in their accomplishments, but only will do so if opportunities to take such careers exist. Should NASA decay, it won’t only be NASA careers disappearing. Jobs at firms like Lockheed Martin, The Boeing Company, Northrop Grumman, Raytheon, and SpaceX among others will be lost as well and some of these firms will face immense downsizing or possibly even be forced to shut down, severely harming motivation for younger American students to pursue a degree or career in STEM related fields.

One of the greatest positive externalities of NASA is the technology developed as ‘spin-off’ used in the commercial and defense industries. When NASA was tasked with putting man on the moon, NASA realized the Apollo capsule would need computing systems installed within it that were far greater in power and far smaller than those currently in use and therefore tasked private industry with the development of compact computing devices that later became the PC and laptop. Without NASA funding, heart rate monitors, thermal video imaging, light emitting diodes, and velcro among many other technologies would not have been developed. While current domestic debate surrounds whether or not NASA should be downsized, enlarged, or completely phased out over time, foreign countries and blocs such as China, India, and the European Space Agency are investing even more time and money into improving their programs, their educational efforts, and plan to surpass American capabilities within the near future. Technological innovation, though still very prevalent within the United States, is beginning to grow very rapidly in foreign countries and more new technologies are being imported rather than exported every day. Instead of questioning whether or not NASA is necessary, America should be questioning what seemingly impossible task NASA should be working on next. Originally, the Apollo project seemed insurmountably difficult. But when national security threats (Soviet technological capabilities during the Cold War) met technological challenges (the Apollo program), NASA proved to be an irreplaceable source of innovation and wonder that united a nation, inspired a generation with dreams of space exploration, and provided a feeling of security to millions of people who feared another devastating war.

Which is also why NASA is critically important in the defense industry as a customer. NASA helps improve private and public defense and communication technologies. The relationship between NASA and the private industry is very symbiotic. NASA develops a plan or project and administers/contracts production and testing tasks out to the private industry, challenging thousands of engineers and scientists to improve their designs and inspires technological and manufacturing developments, which in turn allow NASA to complete its mission in an efficient and effective manner. China has proven it is capable of destroying our satellites by destroying one of its own and has announced its desire to develop a space program separated from America’s influence and plans to land on the moon in 2020. India, Israel, Iran, Pakistan, Romania, Japan, and Ukraine among others have all had confirmed launches and are working to become space powers themselves, developing their own aerospace industries and programs. Iraq and North Korea have also both touted successful launches, though their success are unconfirmed. NASA helps to keep America competitive by constantly challenging private industry and by making sure its goals for space and technological development are always beyond those of other countries, which helps to prevent enemies from defeating our technologies, thus keeping us safe.

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May 29, 2012

Spiralling Debt & The Road to Breaking Point

Posted by in categories: business, economics, ethics, finance, sustainability

The biggest challenge to the ‘ecosystem’ of world economics that keeps society ticking over is how to overcome our inability to regulate a sustainable economic model. In Europe at present we are undergoing the difficult measures in setting about rules of austerity to ensure that government borrowing never gets as out of hand as it has done on our watch. I post on this topic now as it is topical to me — back home here in my native Ireland we are voting on a referendum this week to ensure we no longer borrow from our children to fuel indulgences today — a referendum on rationality and responsibility.

The topical of austerity reminds me of an opinion I blogged on a crisis in the Obama administration last August on national debt in the light of striking comments from foreign figureheads amid the storm from the ‘Tea Party Taliban’. I share with you for to see if anyone cares to comment on an operandi of living like parasites off the global economy:

Living Like Parasites Off The Global Economy, originally written 3 Aug 2011:

With the US in turmoil over its national debt, and held to ransom by a ‘Tea Party Taliban’, last week China publicly mocked American democracy. Yesterday, the world witnessed the humbling of America after a trillion-dollar deal marked the end of an era for the US. The US now faces a shift in its relations with creditor nations, and it was not all too surprising to hear Vladimir Putin, the Russian Prime Minister, yesterday accusing Americans of living “like parasites off the global economy”. If America had defaulted on its international debt obligations, that is exactly what it would be. While America continues to service it’s debt, it is quite the opposite — for now at least- as is perpetually paying interest to its creditors.

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May 23, 2012

Will Student Loans Cause an Economic Armageddon?

Posted by in category: economics

Note: This article originally appears on WealthLift.com and can be seen here.

In 2006, the underpinnings of the American financial system began to crack from a speculative bubble in the country’s housing market. Fueled by irrational exuberance in which homeowners believed their home prices would rise forever, this was made worse by Main Street and Wall Street, both of whom repackaged mortgage loans for sale to everyday investors through a process called securitization. That’s right, this was a multipronged problem, not the hell-bent desires of a few financial fat cats, as Occupy Wall Street would have you believe.

When the bubble burst and home prices began to decline, this not only hurt the original lender, but also every investor that held a piece of a mortgage-backed asset. Imagine this process like a moldy pie that no one realizes is bad. Originally, the entire pie is held by one bank. Next, pieces of this pie are sold to other banks, pension funds, hedge funds, and anyone else that has an appetite. Soon enough, however, everyone holding this pie has gotten sick. Well, this happens with all kinds of assets, including car loans, credit cards and student loans. The benefit of securitization is that it allows organizations to grant more loans to people like you and me, but the downside is that it exposes the entire economy to the financial woes of an individual market. Without securitization, what happened in the housing market would have likely stayed in the housing market.

Six years later, many people are crying that the same thing will happen to the student loan market. While disbelievers can claim that these are just ‘cynics’ whose views are skewed by the world’s ongoing economic turmoil, a basic investigation into the matter yields some worrying results.

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