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Archive for the ‘finance’ category

Oct 15, 2018

Food you’ve never heard of could end hunger

Posted by in categories: existential risks, finance, food

Crop Trust guards about one million varieties of seeds in a mountain in Svalbard, Norway. The doomsday vault is the back-up for 1,700 seed banks worldwide, in the event of some future apocalypse.


The term “conservation” may bring wildlife or land preservation to mind. But what about the food we eat?

According to Crop Trust, an international organization working to safeguard agriculture, we only use about 1 percent of available crops to fuel our diets. That could put the future of our food system at risk.

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Oct 14, 2018

Harvard and the Brigham call for 31 retractions of cardiac stem cell research

Posted by in categories: biotech/medical, finance

Anversa, who according to publications was most recently affiliated with the Cardiocentro Ticino and University of Zurich, could not be reached for comment. An email to his address at Cardiocentro Ticino bounced back. A number of Anversa’s co-authors either did not immediately respond to a request for comment, or declined.

“We are committed to upholding the highest ethical standards and to rigorously maintaining the integrity of our research,” Harvard and the Brigham said. “Any concerns brought to our attention are reviewed in accordance with institutional policies and applicable regulations.”

Anversa received his MD from the University of Parma in Italy and gained prominence as a stem-cell researcher at New York Medical College in Valhalla, N.Y., where he worked before moving to Harvard Medical School and the Brigham in 2007. Anversa became a full professor in 2010, joined in that rank that year by Dr. José Baselga, who earlier this fall resigned his post at Memorial Sloan Kettering Cancer Center amid reports that he failed to adequately disclose financial conflicts of interest.

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Oct 13, 2018

Legacy of Biosphere 2 lives on long after original group left enclosure

Posted by in categories: energy, finance, food

ORACLE, Ariz. — They lived for two years and 20 minutes under the glass of a miniature Earth, complete with an ocean, rain forest, desert, grasslands and mangroves. Their air and water were recycled, and they grew the sweet potatoes, rice and other food they needed to survive.

About 1,500 people were invited and some 200 journalists were on hand as the eight original inhabitants of Biosphere 2 left their glass terrarium a quarter-century ago last month in two groups that no longer talked to each other amid the stress of sharing a small space and disputes over how the project should be run. Detractors called the $150 million experiment a failure because additional oxygen was pumped into what was supposed to be a self-sustaining system.

A power struggle in subsequent months led the financial backer, Texas billionaire Edward Bass, to hire investment banker Stephen Bannon, who was later President Trump’s chief strategist, to bring the project back from financial disarray.

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Oct 7, 2018

Ric Edelman: Bitcoin will be an asset class

Posted by in categories: bitcoin, cryptocurrencies, economics, finance, government, innovation

Kudos to WallStreet analyst and advisor, Ric Edelman. He drank the Kool-Aid, he understands a profound sea change, and he sees the ducks starting to line up.

Check out the clearly articulated interview, below, with Bob Pisani at the New York Stock Exchange and legendary Wall Street advisor, Ric Edelman, (Not my term…That’s what CNBC anchor, Melissa Lee, calls him). Read between the lines, especially the last words in the video, below.

Ric Edleman has just joined Bitwise as both investor and advisor. This lends credibility and gravitas to the organization that created the world’s first cryptocurrency index fund. Bitwise benefits from Edelman’s affiliation, because the US has been slow (some would say “cautious”) in recognizing the facts on the ground: Cryptocurrency is already an asset class.

Edelman fully embraces a strong future for Bitcoin—not just as a currency or payment instrument, but as a legal and recognized asset class; one that is at the starting line of a wide open racetrack. He explains that the SEC sets a high bar for offering a Bitcoin ETF, but that this will be achieved. It will pave the way for large institutions, pension funds, etc to allocate a portion of money under management for blockchain products.

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Sep 27, 2018

DNA Money Edit: Telecom sector awaits a turnaround

Posted by in categories: biotech/medical, business, economics, employment, finance, government, health, internet, policy, robotics/AI

The new digital communications policy (NDCP) 2018, approved by the Cabinet on Wednesday, looks too good to believe. It has promised to create an additional four million jobs in five years and reskill another one million people in new-age skills and sectors such as 5G LTE and artificial intelligence. Six lakh villages will be connected which will eventually lead to creating jobs and several earning avenues such as managing WiFi hotspots and laying optical fibre, among others. The policy will give an impetus to the job market.

NDCP is bound to create a massive infrastructure and help the debt-ridden telecom sector emerge from its current turbulence. The policy document envisages the reduction in levies and ease of doing business, and this will help restore the financial health of the long-bleeding sector. The focus will be on the proliferation of telecom services and facilitating low-cost financing. The government’s ambitious plan of Digital India will get a booster shot. Thanks to the promise of 50 Mbps speed in the broadband connection, the consumer will be the ultimate beneficiary.

Plans are afoot to reform the licensing and regulatory regime to facilitate investments and innovation, besides promoting ease of doing business. The success of the policy will depend on the execution of the policy.

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Sep 25, 2018

Disruption Experience Nails It

Posted by in categories: bitcoin, cryptocurrencies, economics, education, finance, innovation, internet, policy, robotics/AI

The Disruption Experience this Friday in Singapore is a blockchain event with a difference. With apologies to the Buick commercial, this is not your grandfather’s conference

I know a few things about blockchain conferences. I produced and hosted the first Bitcoin Event in New York. My organization develops cryptocurrency standards and practices. We help banks and governments create policy and services. And as public speaker for a standards organization, I have delivered keynote presentations at conferences and Expos in Dubai, Gujarat India, Montreal and Tampa, New York and Boston.

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Sep 19, 2018

Artificial intelligence can transform the economy

Posted by in categories: biotech/medical, economics, employment, finance, law, robotics/AI

Surging productivity and the general rise in incomes it brings would be welcome, of course, but that isn’t sufficient. The same questions being raised about the advance of robotics in the workplace apply to machine learning. While new jobs would be created, many existing jobs — from doctors and financial advisers to translators and call-center operators — are susceptible to displacement or much-reduced roles. No economic law guarantees that productivity growth benefits everyone equally. Unless we thoughtfully manage the transition, some people, even a majority, are vulnerable to being left behind even as others reap billions.


Whether it’s for the better and for the many is up to human intelligence.

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Sep 17, 2018

Lucid Motors closes $1 billion deal with Saudi Arabia to fund electric car production

Posted by in categories: Elon Musk, finance, sustainability, transportation

Lucid Motors, the electric car startup that aims to compete with Tesla, will receive an eye-popping $1 billion in funding from Saudi Arabia’s sovereign wealth fund, the kingdom announced on Monday. The investment will finance Lucid Motor’s 2020 commercial launch of its first electric vehicle, the Lucid Air. Meanwhile, Tesla’s stock dipped by as much as 2 percent in early trading on news of the investment.

The deal is a major win for Lucid, which has languished over the last year as it failed to secure the funding necessary to start making its luxury electric cars. News of the talks comes weeks after Saudi Arabia purchased 5 percent of Tesla and emerged as a central player in Elon Musk’s failed effort to take the company private again. Musk cited conversations with the director of the Saudi fund as the impetus for his push to take Tesla private.

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Sep 17, 2018

Predicting flood risk better

Posted by in categories: engineering, finance, habitats

90% of natural disasters are flood related. Flooding will occur and people will build in areas that can and will flood so how can we change the outcomes in the future? Why not have floating homes that are anchored to their site but rise and lower with the flood with zero damage? I am about to start a new company that can manufacture those homes. If you want to know more contact me directly.


Engineers at Ruhr-Universität Bochum have developed a new statistical model that predicts how likely extreme flood events are in Germany. In contrast to earlier models, they distinguish between several types of floods with different causes, such as heavy rain, snow or spatially extended rain events with long durations. The model improves the assessment of flood risks and to plan appropriate protective measures. The team led by Professor Andreas Schumann from the Institute of Hydrology, Water Resources Management and Environmental Engineering reports on its work in the Bochum science magazine Rubin.

In their model, the hydrologists distinguish between three main types of flood, which stem from different causes: heavy , which lasts one or two days; prolonged rain over four to five days; and snow-related flooding.

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Sep 10, 2018

MIT’s DON the robot is a master of dexterity

Posted by in categories: finance, robotics/AI

When we think of robots manipulating objects, we tend to think of endless banks of robot arms in some high-tech assembly line, dancing their mechanical dance in perfect synchronization. They grab an object, turn it round a bit, and put it down again, before repeating the action with an identical object time and again. But what if a robot could look at any item, and decide how best to pick it up, and perform tasks with it, all by itself? That’s the aim of DON – a new neural network and robotic hand at MIT’s Computer Science and Artificial Intelligence Laboratory (CSAIL).

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