HallSlug.com

Archive for the ‘Awesome’ Category

Wireless Power: Has The Time Come?

Tesla: Reading in the Light of Wireless Power at Pike’s Peak, Colorado, 1899

We fill the fuel tanks of our cars, aircraft and ships with refined oil and then breathe the smoke from these transporters as they burn dirty hydro-carbons along with many toxic chemicals, including some known to cause cancer. Not only that, but when the “black gold” is extracted from deep underneath the sea, we can get the Gulf of Mexico toxic gusher which we can’t seem to stop.

Did Nikola Tesla (1856-1943) — the famous inventor of the alternating current power system deployed worldwide — have the answer?

With the discovery of electricity, everybody expected that all cars would be electric and run on rechargeable batteries. Tesla had gone one step further and actually produced a working automobile that ran on electricity taken from the surrounding air like an antenna picks up radio waves. This would revolutionize travel just like his AC induction motor had fundamentally altered the industrial world.

John Pierpont Morgan, John D. Rockefeller, and Henry Ford were not pleased with Tesla’s wireless power travel solutions. No gasoline engine meant no oil monopoly for the Rockefellers. Their Standard Oil Company was losing its key market of home lighting to Thomas Alva Edison’s electric light bulb.

The legendary investor and banker JP Morgan did not like the idea of wireless energy based travel — road, air or sea — because where would one put the meter to charge? He favored the joint solution of Rockefeller’s Standard Oil and Ford’s modern car based on the internal combustion engine for its clear income stream!Although there is some skepticism surrounding Tesla’s work in wireless power, there is no doubt that he was a towering figure responsible for many key advances that enable the modern electric world.

Shouldn’t we revisit applications of Tesla’s wireless power solutions? As we find ourselves surrounded by 21st century intractable challenges, there is a need to reconsider some of his seminal thinking in wireless power generation and transmission.

We need to incorporate those ideas, systems and solutions into the innovation which humanity collectively seeks for the age beyond oil. Unless we are able to increase energy efficiency during transmission and utilize the power already generated, it is difficult to envisage how we may slowly begin to wean ourselves away from massive oil dependency.

There can be no doubt that there are some vital answers lurking in the closet marked Tesla. This time around, with modern computing technology solutions at our disposal, wireless power might make even more commercial sense whilst reducing our dependence on oil at the same time.

I would like to thank all the veterans who have served this great country of ours.

Your personal sacrifices and service are well appreciated.  May God bless you all and your families for enduring the hardship that you have suffered for our country.  Thank you.

The Truth About Union Electricians in IBEW Local 58.

Dow Unveils Solar Power Shingles

Dow Chemical has unveiled a residential roof shingle in the form of a solar panel designed to be integrated into asphalt-tiled roofs.

Jane Palmieri, managing director of Dow’s Solar Solutions unit, said the Powerhouse thin-film shingle slashes installation costs because it can be installed by a roofer who is already building or retrofitting a roof.

“As a roofer is nailing asphalt shingle on roof, wherever the array needs to be installed he just switches to solar shingle,” said Ms. Palmieri, who said the solar singles are similarly attached to the roof with nails.

“You don’t have to have a solar installation crew do the work or have an electrician on site,” she added. “The solar shingle can be handled like any other shingle – it can be palletized, dropped from a roof, walked on.”

An electrician is still needed to connect the completed array to an inverter and to a home’s electrical system, but unlike conventional solar panels that must be wired together, the solar shingles plug into each other to form the array.

Dow plans to begin test-marketing the solar shingle in mid-2010, initially targeting new-home construction. Ms. Palmieri said the market could be worth $5 billion by 2015 and noted that 90 percent of homes in the United States use asphalt shingles.

Ms. Palmieri said a solar shingle array is 10 percent to 15 percent cheaper than a standard rack-mounted solar panel system and about 40 percent less expensive than competing building-integrated photovoltaic products.

“Our objective is to prove that this can be a mainstream adopted product,” she said.

Is Capitalism a Love Story or Nightmare?

Many Americans think that Capitalism and Democracy are the same thing.  This is simply not true.

Michael Moore has proven again and again that he has a remarkable feel for where the zeitgeist is heading. He’s like a zeitgeist divining rod.

Roger and Me was way ahead of the curve on the collapse of the auto-industry. Fahrenheit 9/11 was way ahead of the curve on the collapse of the house of cards the Bush administration used to lead us to war in Iraq. Sicko was way ahead of the curve on the collapse of the US health care system. And now with his new movie Capitalism: A Love Story he is riding the wave of the collapse of trust in our country’s financial system.

The film, which opens in New York and Los Angeles on Wednesday, and all across the country on October 2nd, is a withering indictment of the current economic order, covering everything from Wall Street’s casino mentality to for-profit prisons, from Goldman Sachs’ sway in Washington to the poverty-level pay of many airline pilots, from the tidal wave of foreclosures to the tragic consequences of runaway greed.

The film also turns the spotlight on some underreported gems: an internal Citibank report happily declaring America a “plutonomy,” with 1 percent of the population controlling 95 percent of the wealth; an expose of “dead peasant” insurance policies that have companies cashing in on the untimely deaths of their employees; and amazing footage of FDR, found buried in a film archive and not seen in decades, calling for a Second Bill of Rights that would guarantee all Americans a useful job, a decent home, adequate health care, and a good education.

In capitalism as envisioned by its leading lights, including Adam Smith and Alfred Marshall, you need a moral foundation in order for free markets to work. And when a company fails, it fails. It doesn’t get bailed out using trillions of dollars of taxpayer money. What we have right now is Corporatism. It’s welfare for the rich. It’s the government picking winners and losers. It’s Wall Street having their taxpayer-funded cake and eating it too. It’s socialized losses and privatized gains.

While unfurling yellow crime scene tape in front of a “too big to fail” bank, he became aware of a group of New York’s finest approaching him. Moore has a long history of dealing with policemen and security guards trying to shut him down, but in this case he knew he was, however temporarily, defacing private property. And his shooting schedule didn’t leave room for a detour to the local jail. So, as the lead officer came closer, Moore tried to deflect him, saying: “Just doing a little comedy here, officer. I’ll be gone in a minute, and will clean up before I go.”

The officer looked at him for a moment, then leaned in: “Take all the time you need.” He nodded to the bank and said, “These guys wiped out a lot of our Police Pension Funds.” The officer turned and slowly headed back to his squad car. Moore wanted to put the moment in his film, but realized it could cost the cop his job, and decided to leave it out. “When they’ve lost the police,” he told me, “you know they’re in trouble.”

New Battery Could Change World

In a modest building on the west side of Salt Lake City, a team of specialists in advanced materials and electrochemistry has produced what could be the single most important breakthrough for clean, alternative energy since Socrates first noted solar heating 2,400 years ago.

The prize is the culmination of 10 years of research and testing — a new generation of deep-storage battery that’s small enough, and safe enough, to sit in your basement and power your home.

It promises to nudge the world to a paradigm shift as big as the switch from centralized mainframe computers in the 1980s to personal laptops. But this time the mainframe is America’s antiquated electrical grid; and the switch is to personal power stations in millions of individual homes.

Former energy secretary Bill Richardson once disparaged the U.S. electrical grid as “third world,” and he was painfully close to the mark. It’s an inefficient, aging relic of a century-old approach to energy and a weak link in national security in an age of terrorism.

Taking a load off the grid through electricity production and storage at home would extend the life of the system and avoid the expenditure of tens, or even hundreds, of billions to make it “smart.”

Solar energy has been around, of course, but it’s been prohibitively expensive. Now the cost is tumbling, driven by new thin-film chemistry and manufacturing techniques. Leaders in the field include companies like Arizona-based First Solar, which can paint solar cells onto glass; and Konarka, an upstart that purchased a defunct Polaroid film factory in New Bedford, Mass., and now plans to print cells onto rolls of flexible plastic.

The convergence of these two key technologies — solar power and deep-storage batteries — has profound implications for oil-strapped America.

“These batteries switch the whole dialogue to renewables,” said Daniel Nocera, a noted chemist and professor of energy at the Massachusetts Institute of Technology who sits on Ceramatec’s science advisory board. “They will turn us away from dumb technology, circa 1900 — a 110-year-old approach — and turn us forward.”

Show Me the Deal

FRANK: The opportunities come as people start to really feel pain. There’s still shock, but I don’t think the actual pain has really set in. I think there will be good deals come this fall? It’s like a sneeze. It’s still getting there.

ANGLES: But isn’t this broad-based downturn so much different than the last one? Then, people were saying the Internet was over. Internet advertising was a fraud. No one’s saying that now.

FRANK: That was really a stock downturn. Everybody’s stocks were in the toilet and no one could get free money any more for your Pets.coms. It was just a stock play, all driven by The Greater Fool. That was then. In some respects, that is replaying now. People are not in a rush to spend, and I don’t think it’s going to snap back.  It’s harder for people to raise money.

Unless the Dow goes back to 14,000, which it won’t, people will start to realize, by this fall, that this stuff is not bouncing back. The economy is not going well, and we’re going to see some serious panic selling set in and it’s going to create huge opportunity.

ANGLES: So what should people do?

FRANK: The name of the game right now is to keep your cash close. So if you’ve got cash and a good opportunity comes along, you can go for it. Look for distressed situations. But for now, save. There will come a time to spend, based on the prices that I’m seeing.

ANGLES: Isn’t one reason that prices of domains are not aligned with the economy because, no matter how hard people try, there’s not a liquid aftermarket?

FRANK: Exactly. And that’s a blessing and a curse. You can go in and buy names way below true value because not everyone knows about it. On the other hand, there’s no liquidity and names go for too much.

ANGLES: Have you been buying many names?

FRANK: We’ve been buying names the whole way. We’re buying a lot less now then we used to. We saw Gocart.com come down the chute a while back and we were hemming and hawing, should we? We came up with a sensible number and it went for three times that, over $90,000.

ANGLES: Wow.

FRANK: Right. And it’s not just gocarts.com. It’s everywhere right now.

ANGLES: Fair enough, but isn’t it in your best interest to say domains are expensive now? Whereas a few of years ago, when VCs and big money guys were prowling in the space, it was in your advantage to talk about how much names are worth?

FRANK: That statement is true, but I never felt that good “talking my own book,” because firstly people see through that, and, secondly, I’d feel terrible if somebody reads something I write, acts on it and fails. Total bad karma.

The truth is that today, while plenty of people expect way too much, some names are valued fairly, and others are cheap. But collections of portfolios still sell at a fairly large discount to intrinsic value because there are very few people who can hold each name to the light and correctly assign a fair value to each, so the PPC value of the collection becomes it’s default value (it meets GAAP rules and seems sensible) but that massively undersells the break-up value of most portfolios.  The breakup value flows to the buyer for free.

ANGLES: But who’s buying giant portfolios these days?

FRANK: Nobody. A great deal of this is moot because there are no corporate or equity buyers today—when most of the publishing world and corporate-America and the equity and investment shops are trying to keep their head above water and survive the worst global downturn in 80 years.

ANGLES: But isn’t that shortsighted? Don’t we all now know and accept that more advertising is migrating to the Web and that prices and payouts are just that things are down because the economy is a mess?

FRANK: That’s true. And you have a dominant marketplace, Google, which performs exceedingly well and could pay out much more. The next nearest market place, Yahoo, cannot pay out as well. Google knows that, so it pays out a lot less than it could, and so that’s just the way it is.

What you need is a disruptive force – or a series of disruptive forces – to come along and create another ad market place and create some competition. You can’t have a marketplace where the entire domain world is parked on Yahoo and Google and the power rests with the publisher, but that’s what we have.

13. Isn’t part of the problem that, in so many cases, there’s really no way to value a name in so many cases? That it’s really not like real estate because so often comps don’t exist?

FRANK: Yes but real-world comps exist. Take any name—and I’m pulling this out of the air—“Hair Styles” (actually, my wife just suggested it). There may be ZERO comparables for hair and hairstyle related names, but we know that a cut costs $15 at Supercuts and $600 at the Christophe Salon in Beverly Hills, then I know that products range from $15 to $100s, I know that a monthly rent or an ad in a national magazine can cost thousands or tens of thousands, so with that sort of back-of-the-envelop-thinking, and without much effort, I can set a floor of ten or twenty thousand dollars for the name.

That’s a price I’d consider paying, that would make it worthwhile to part with the cash and carry the name.

Then you have external factors such as competitors and other hair companies who may be willing to buy the name and relatively quickly you can see how something with no obvious comparables can still have a high market value.

There are always traffic that the name gets but we rarely actually price these into the value of the name. Traffic is just the bonus for owning the name.