Category Archives: Web Article Review

the middle seat

I like this idea for making the middle seat on airplanes just a bit more spacious and comfortable than the others, so people wouldn’t mind it so much and might even prefer it.

But if Molon Labe Designs gets its way, that panic could give way to placidity. The upstart Colorado aviation design firm wants to kill the middle seat’s middle child reputation. Its “stagger seat” concept sits slightly below and behind its neighbors, so it can be three inches wider than its window- and aisle-adjacent companions. It has its own armrests.

“Flying sucks, and design makes it suck less,” says Hank Scott, the CEO of Molon Labe, who’s currently in Germany to show off the prototype at the Aircraft Interiors Expo in Hamburg. (BMW Groups’ Designworks and Panasonic Avionics also had a hand in the design.) By extending curved armrest back, the designers ensure the middle seater has access to at least half of its length. (“If you’re in the aisle or window seat, you couldn’t possibly steal the entire armrest—your elbows would be behind your back at a weird angle,” Scott says.) That also gives the middle seat’s in-flight entertainment system room to grow to a whopping 18 inches, compared to the puny 15-inch screens on other seat backs. For all this design prowess, however, this thing gets you nothing in extra legroom.

Climate of Concern

It wasn’t just Exxon that knew about climate change decades ago. But unlike Exxon, which not only denied it but used the foulest of propaganda tactics to confuse the public and delay progress, Shell made an accurate movie about it in 1991 to inform the public, called “Climate of Concern”.

Perhaps there is a parallel universe where Shell developed a sustainable business model, put Exxon out of business, and saved the Earth. Of course that is not the universe you and I are in right now.

Tesla vs. Ford

BBC says Tesla’s market value is now greater than Ford’s.

At the close of trading Tesla had a market value of $49bn (£38bn), compared with Ford’s value of $46bn…

The firm delivered more than 25,000 cars in the first quarter, up 70% on the same quarter last year.

While Tesla’s sales are growing fast they are still a fraction of Ford’s, which sold almost 6.7 million vehicles in 2016.

Tesla delivered 76,000 electric cars last year.

The legacy Detroit car companies could be embracing the new technologies, but instead they are allowing themselves to be creatively destroyed. Their business model, I believe, is to keep cramming pickup trucks into developing countries until they burst at the seams. Meanwhile, Tesla and Google and Uber will pass them by and become the new face of the U.S. auto industry. Then next time Ford, GM, and Chrysler tell us they need a taxpayer bailout or the U.S. auto industry will disappear, we may not have to listen.

skyscraper hanging from an asteroid

Here’s an idea for a skyscraper hanging from an asteroid. It’s a twist on the old space elevator idea because it doesn’t actually touch the ground. First, you have to go out, catch the asteroid, and put it in the right position in orbit. Then, you build the thing. Then, once you’re in the thing it takes you on a wild ride all over the world every 24 hours.

globe buying guide

I’m thinking of getting my son a globe for his fourth birthday. I’ve done a little research, which I’m going to share here.

Replogle appears to be the largest manufacturer of globes. But dig into some reviews, and they appear to be not all that well made, yet not priced any lower than other brands.

There are all kinds of globes with electronic bells and whistles out there, like this one from Oregon Scientific. In the end I decided to keep it simple and not go for one of these.

Some globes have “raised relief” for mountains, like this Advantus globe, which is cool.

Ultimately I picked this Waypoint model. Even though it doesn’t have topographic relief, I like the colors and topographic detail.

 

 

the Black-Scholes equation

This 2012 article from the Guardian goes into some detail on the Black-Scholes equation for pricing options, which bears some responsibility for the 2007-2008 financial crisis. It was cooked up by geniuses to spread risk, but misapplied by idiots to actually create risk. What are the geniuses cooking up now for the idiots to misapply next?

S&P green rating

Standard and Poor’s is coming out with a new rating system for the green-ness of bonds.

Our proposed Green Bond Evaluation methodology looks beyond the governance and management of a bond by providing an analysis and estimate of the environmental impact of the projects or initiatives financed by the bond’s proceeds over its lifetime relative to a local baseline. This would be in addition to assessing the governance and transparency surrounding the bond. When evaluating environmental impact, the methodology would consider both climate change mitigation and adaptation projects.

Mitigation projects focus on efforts to reduce or prevent the emission of greenhouse gases, ranging from upgrades to conventional generation projects to new renewable energy and energy efficiency initiatives. Adaptation projects aim to take practical steps toward reducing the exposure to and managing the impact of natural catastrophes, such as building the resilience of communities and critical infrastructure against an increased risk of extreme weather events due to climate change.

The output of the Green Bond Evaluation would include at least three scores (a Transparency score, a Governance score and a Mitigation score and/or Adaptation score, as relevant…

An interesting question is whether the idea is that investors would expect to make more on a green investment, or whether some investors would be willing to settle for less in exchange for the satisfaction of having a positive impact. Borrowers would have a financial incentive to be good if doing so meant a lower interest rate, which kind of supports the latter possibility. Exactly why the rating agency itself is motivated to do this was unclear to me. But after digging into the paper a little, it looks like governments and companies will have an incentive to show that they are complying with the Paris agreement, so that may be part of what is driving this.

climate change starting to bite in Alaska

Bloomberg has an article about the effects of climate change in Alaska, and failure to deal with them. Surprisingly, it sounds like the state was making some limited strides under Sarah Palin but has completely dropped the ball since.

Across Alaska, in towns built on permafrost, rising temperatures are causing the ground to sink, damaging buildings and roads. In towns built on the coast, less sea ice means greater exposure to storms and floods. Drier conditions have led to more forest fires. Extreme weather killed or injured as many Alaskans in 2015 as in the previous 10 years combined. “Environmental change is not a theoretical in Alaska,” says Rick Thoman, the state’s climate sciences and services manager for the National Weather Service. “It’s happening, and it’s accelerating.”

Alaska was once at the vanguard of states trying to deal with global warming. In 2007, then-Governor Sarah Palin established a climate change subcabinet to study the effects of warmer weather and find policies to cope with them. Over three years, the legislature provided about $26 million in funding. But Palin’s successor, Republican Sean Parnell, disbanded the group in 2011. That year, Alaska withdrew from a federal program that provides funds for coastal management because of concern the program might restrict offshore oil extraction. Since then, lower oil prices, combined with dwindling production, have left the state with a budget crisis that’s among the worst in the U.S. Just when climate change is having real impact, Alaska has less and less capacity to deal with it…

Alaska is an extreme example of a national failure to prepare for climate change. Across the U.S., state funding for environmental projects, such as beach erosion control or upgraded sewage systems, peaked in 2007, even as capital expenditures have since risen 25 percent. States along the Atlantic and Gulf coasts have resisted adopting the latest model building codes designed to protect residents against storms and other extreme weather.

Along with its failure to deal with climate change, it sounds like Alaska has squandered its oil wealth. It could have converted its natural capital in financial capital that future generations could use to deal with the consequences of extracting those natural resources – pretty much a textbook definition of sustainability. It’s not the only failure at the state level – my home state of Pennsylvania could have used royalties from the shale boom to reduce its enormous state and municipal pension mess, but it didn’t and it’s mostly too late now.