Tuesday, July 31, 2018

Ford's $4 B

As you know, all the car makers are working hard on their self-driving projects. But it sounds like Ford is aiming for more than just a new project

They're putting $4 billion into a new goal: "to become a leader in electrified, autonomous ride services targeted to become its own profitable business. The company aims to be competitive in the newly emerging mobility industry, which is expected to dominate the auto industry in decades to come.

"Electrified autonomous ride services targeted to become its own profitable business." This sounds just like the future that former car exec Bob Lutz predicted, a future where private car ownership with a human driver will go extinct.

"In April, Ford took more steps to operate its own robotaxi network “at scale” by 2021 to transport people and goods . . " 

They call this "mobility."

(cont'd tomorrow)

Monday, July 30, 2018

Finns opt out

Finland's government is ending their experiment with Universal Basic Income. Abut 2000 unemployed people were given 560 E ($685) per month with no conditions, like seeking a job.

According to the NYTimes, "The government hoped that basic income would send more people into the job market to revive a weak economy." Wait, is that a misprint? So . . they thought unemployed people would go out and, say, wait on tables at a restaurant if only they were paid to stay home . . 

If that is not a misprint, if Finland really expected that result, it was an expensive experiment to find out what any common sense about human nature could have told them.

Friday, July 27, 2018

Ice cream 2

(cont'd from yesterday's post)

Ice cream was a status-y elite thing, and they showed off their good taste with flavors like carnation, cucumber, sherry and daffodil.

By the 1850's it became available to commoners as the "Penny Lick." "Street vendors would sell a small glass of ice cream for a penny to crowds of joyous customers. This light-hearted contraption ended up having deadly consequences.


Ice cream is common place today because of trial and error, innovative progress building on new refrigeration technology and advancing medical discoveries. What was available a couple of centuries ago only to the rich is everywhere now. Ice cream is only a tiny example of the prosperity of our society as compared to human history.


Thursday, July 26, 2018

Ice cream 1

Humans have lived on earth for 10,000 to 100,000 years depending on who you ask. So many things we take for granted today are relatively new.

"The first recorded mention of ice cream was on the menu of a feast given in 1671 by King Charles II. The banquet was held to celebrate the 10th anniversary of Charles’ ascendency to the British throne. The flavour remains unknown, but the dessert was exclusive to the King’s table and served with “one plate of white strawberries”.

"The new treat quickly took off." But . . only for the elite.  Why? They were the only ones who could afford to harvest ice and bring it right into their home to freeze the delicacy, not to mention affording the cream and sugar.

(cont'd tomorrow)

Wednesday, July 25, 2018

Mortgages

(cont'd from yesterday's post)

Why are houses so much bigger today than they were 30 or 60 years ago? Yesterday's post showed that average size went from 983 square feet in 1950, to 1500 sf in 1970, to 2675 sf in 2014.

Innovation is part of the answer, when business owners and craftsmen find improved ways to save money while making a better building material. Because innovation also drives every other industry as well, our economy grows as wealth is created. A bigger economy means average home buyers have more to spend on their homes.

One more reason homes are bigger today is that borrowing policies for home buyers are "looser" by far than they were in the past. 

In 1930 for example, you could only borrow half the home's value and had to pay off your debt in 10-15 years. Terms got too "loose" running up to the 2007-2008 recession. Borrowers could borrow the whole value of the home with little or no upfront payment. Banks failed, and failure cascaded.

Tuesday, July 24, 2018

Housing 1950+

Cost savings on lumber is just one factor that has changed housing in America since 1950. Today the average home owner can afford a home much bigger than the average owner 68 years ago:



Monday, July 23, 2018

Tree machine



That's a shocking machine. The tree is cut down in 2 seconds, then bucked (cut into lengths) with all branches knocked off in about 20 seconds more. A tremendous saving of labor hours compared to, say, a couple of human loggers doing the job with a crosscut saw.

It makes the resulting lumber much less expensive for your house or any other use.

What an example of the difference technology makes. If you dream of becoming a logger, however, there are fewer logging jobs today:

photo: carpe diem

Thursday, July 19, 2018

1979 vs 2015

Average hourly earnings for American workers has barely changed in the last several decades, according to this article. In 1979 that average was $21.20/hour, and in 2015 the average was $21.18/hour. The comparison is made in the value of 2015 dollars.

On the other hand, that income can purchase more household goods because the cost of those goods has come down quite a bit. Examples:




Wednesday, July 18, 2018

Boring tech

(cont'd from yesterday's post)

SpaceX, Tesla, The Boring Co., they all take existing technology to the next level . . faster than their competition. They're all pace setters in their industries.

 The Boring Co. exists to solve the problem of "Soul-destroying traffic" by making roads . . 

"go 3D, which means either flying cars or tunnels. Unlike flying cars, tunnels are weatherproof, out of sight and won't fall on your head. . .The key to making this work is increasing tunneling speed and dropping costs by a factor of 10 or more – this is the goal of The Boring Company."


They think they can do that by making tunneling machines much more powerful and fast. At the upper end, today's tunneling can cost a billion dollars per mile. They plan to triple the machine's power and to run tunneling at the same time as building the supporting structure. 

Huge, innovative goals. If they succeed, this will be the third industry to be transformed by the vision of Elon Musk.

Tuesday, July 17, 2018

Boring bricks

(cont'd from yesterday's post)

Here's a cool business innovation: when you dig up tons of dirt and you figure out how to use it for something practical, something that someone needs and will gladly pay for.

The Boring Company builds tunnels underground - so they literally have tons of dirt on their hands. It's expensive, according to the website, to collect and haul away. So they're making bricks out of the dirt, construction bricks.



For additional cost-cutting, they may even use these bricks immediately on the structure that supports the tunnels. And this process will be environmentally friendly, as (again) the website says, because "concrete production accounts for 4.5% of the world’s greenhouse gas emissions," and these bricks will replace the equivalent of concrete.

Monday, July 16, 2018

Boring Chicago

To get from downtown Chicago to O'Hare Airport can take up to an hour. The city asked for bids from private companies who could build a transit system that will cut that time down to twenty minutes, and The Boring Company was selected for the job. 

The Boring Company is building hyperloop tunnels under Los Angeles, but this is different. Beneath Chicago they're going to build "loop" tunnels for electric "skates" (self-driving platforms or vehicles) traveling 100+ mph. 



“Each vehicle will carry up to 16 passengers, plus their luggage, and will depart from O’Hare and from Block 37 as frequently as every 30 seconds." They think the system can bring travel time down to twelve minutes.

The company has raised investments of about $112 million, and Chicago is not paying for anything here. 

"[Elon] Musk’s own investment represents over 90% . . and the other investors are early employees. No venture capitalist or investment firm w[as] involved."

So Elon has invested over $90 million in The Boring Co. 

(cont'd tomorrow)

Friday, July 13, 2018

Train traffick 2

(cont'd from yesterday's post)

Children, both boys and girls, are sold into slavery or prostitution in some of India's train stations in big numbers. It's not a safe place for kids. Families sleep on the floor of the station, where kids can be stolen from between their parents. Over 630 children were reported missing to police in the West Bengal district in one month.

Even the police are not necessarily a safe haven. "Deva, 13, sleeps in the parking area and describes police violence as a more pernicious threat than traffickers. “They wake us up and hit us or chase me and my friends.”

And finally . . families themselves may put kids in danger.  Some send children to live in the station in the hope that they can somehow make money.

Uptal, 13, now lives in the station as an escape from home, playing cricket by day and sleeping on cars in the parking lot at night. At age 9 he was forced by his father into 12-hour days of work at a factory.

photo: zeenews

Thursday, July 12, 2018

Train traffick

One person - just one -can make a difference. Here's the story of one:

Adarsh Shrivastava was traveling by train last week in India. It's common to see children on the trains, but he noticed that the 26 young girls in his car were visibly upset, some crying.

He suspected the children were being trafficked. 

But what could one person do about it? Something clever and effective: he opened a new Twitter account, tweeted what he saw, and tagged the authorities. 


The Railway Protection Force in civilian clothes boarded the train a few stops later. The men with the girls were apprehended and the girls brought to safety.


"When news of Shrivastava’s actions went viral, Twitter users called for him to be awarded for his “heroism.” He simply responded,“Thanks, but as a citizen of India, it’s our responsibility to help people.”


(cont'd tomorrow)

Wednesday, July 11, 2018

Meat eater

Food can be a big issue. Some people reject eating meat, while meat eaters today are making their own strong case for keeping meat in their diet. One of the latter is Joel Salatin of Polyface Farm in Virginia, a character you've met before in this blog.

He's passionate about his farm and the good that it does for the natural environment, and he's also passionate about the nutrition his animals provide to meat eaters. His blog entry of July 5 says: 

"Vegetarianism is an urban disease.  That captures the essence of the anti-animal movement as well as anything I've heard.  Only wealthy people in cities could be disconnected enough from life and practical ecology to advance the anti-animal argument."

(Or . . poor Hindu vegetarians of India.)


(cont'd tomorrow)

Tuesday, July 10, 2018

Violence 2

(cont'd from yesterday's post)

At the end of June, villages were destroyed in northern Nigeria and 200 Christians killed while about 3,000 were displaced - which means they ran from their homes.  Non-profit Open Doors came in to the extremely unstable area to help. A report from one of their staff:

"The displaced Christians were in a pathetic situation . . Life has become a living hell for them. They have lost loved ones, houses, and all they labored for in the twinkling of an eye. The agony they are going through is hard to describe. We saw people who were still in a haze over what they have just gone through. Children were crying hysterically, perhaps because of hunger or perhaps because of hunger and the trauma.”




The Open Doors team brought rice, oil, tomato paste, toiletries the next day. One of the displaced victims, Mary, wrote a thank you message and also said:

“My prayer is this: Wherever these resources are coming from, may God pay you back a thousand-fold . . We plead that believers all over the world will pray that God will bring an end to all these killings because we have become homeless, fatherless and orphaned due to the attacks."

Monday, July 9, 2018

Friday, July 6, 2018

No saddles

Many Americans are finishing up a week of vacation this weekend, having had the advantage of Independence Day falling in the middle of the week. So I finish this American "Fourth of July" holiday week with one more post about our traditions.

Thomas Jefferson, one of the Founding Fathers of the United States, was really passionate about freedom. Around the Jefferson Memorial in Washington D.C. are his words:

"I have sworn upon the altar of God eternal hostility against every form of tyranny over the mind of man."


His eternal hostility against tyranny lasted all his life. Just ten days before his death, he said colorfully that people are not born to be dominated by a small number of elites:

"[T]he mass of mankind has not been born with saddles on their backs, nor [are] a favored few [born] booted and spurred, ready to ride them . ."

Thursday, July 5, 2018

Flag waving

(cont'd from yesterday's post)

Only the first verse of "Star Spangled Banner" is ever heard. But the last verse deserves to be known:

O thus be it ever, when freemen shall stand
Between their loved homes and the war's desolation.
Blest with vict'ry and peace, may the Heav'n rescued land
Praise the Power that hath made and preserved us a nation!
Then conquer we must, when our cause it is just,
And this be our motto: 'In God is our trust.'
And the star-spangled banner in triumph shall wave
O'er the land of the free and the home of the brave!


Blessed with victory and peace, may the Heaven-rescued land praise the Power that hath made and preserved us a nation! 

This is still the earnest prayer of Christians today.

Wednesday, July 4, 2018

Star spangled

A 35-year-old American lawyer was confined on his ship in September 1813. He saw the British bombard America's Fort McHenry and feared that America was lost. But when the smoke cleared early the next morning, it was not the British flag that flew over the fort.

While still on the ship he wrote what is now called "The Star Spangled Banner"

Oh say, can you see, by the dawn's early light,
What so proudly we hailed at the twilight's last gleaming,
Whose broad stripes and bright stars, through the perilous fight,
O'er the ramparts we watched, were so gallantly streaming?
And the rockets' red glare, the bombs bursting in air,
Gave proof thru the night that our flag was still there.
Oh say, does that star-spangled banner yet wave
O'er the land of the free and the home of the brave?

On the shore, dimly seen thru the mists of the deep,
Where the foe's haughty host in dread silence reposes,
What is that which the breeze, o'er the towering steep,
As it fitfully blows, half conceals, half discloses?
Now it catches the gleam of the morning's first beam,
In full glory reflected now shines on the stream;
'Tis the star-spangled banner! Oh, long may it wave
O'er the land of the free and the home of the brave!

Monday, July 2, 2018

Model 3 Q2

(cont'd from last Friday's post)

Quarter 2 of 2018 (April-June) ended on Saturday, and the critical numbers are in. Production of Tesla's Model 3 in Q2 reached a new high. But still not to that 5,000/week that Musk has been promising for a year . . which they absolutely need to be profitable.


"Tesla has accomplished something no other automaker can claim: It's made a relatively affordable electric car, the Model 3, that hundreds of thousands of people are lining up to buy. The only problem is that Elon Musk and company can’t produce enough of them."

Tesla is always big news in the investment world, the manufacturing world, and public opinion - so there's tons of attention on what the factory is doing. Bloomberg has developed a way to get their own idea of how many Model 3's are rolling out, and they estimate production now at about 4,533 per week.

Seems like Musk's superpower is handling pressure. As you know, he's sleeping in the factory lately. From one of his tweets: "First bday I’ve spent in the factory, but it’s somehow the best."

Pics from the factory tomorrow.

(cont'd tomorrow)