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.

David Fleming

Today is the first time I heard of the late David Fleming, but he appears to have been a sort of new age steady state economy theorist. His seminal work is Lean Logic: A Dictionary for the Future and How to Survive It, which is notable for being written in a sort of encyclopedia format that can be read in any order. Here’s the Amazon description:

Lean Logic is David Fleming’s masterpiece, the product of more than thirty years’ work and a testament to the creative brilliance of one of Britain’s most important intellectuals.

A dictionary unlike any other, it leads readers through Fleming’s stimulating exploration of fields as diverse as culture, history, science, art, logic, ethics, myth, economics, and anthropology, being made up of four hundred and four engaging essay-entries covering topics such as Boredom, Community, Debt, Growth, Harmless Lunatics, Land, Lean Thinking, Nanotechnology, Play, Religion, Spirit, Trust, and Utopia.

The threads running through every entry are Fleming’s deft and original analysis of how our present market-based economy is destroying the very foundations―ecological, economic, and cultural― on which it depends, and his core focus: a compelling, grounded vision for a cohesive society that might weather the consequences. A society that provides a satisfying, culturally-rich context for lives well lived, in an economy not reliant on the impossible promise of eternal economic growth. A society worth living in. Worth fighting for. Worth contributing to.

The beauty of the dictionary format is that it allows Fleming to draw connections without detracting from his in-depth exploration of each topic. Each entry carries intriguing links to other entries, inviting the enchanted reader to break free of the imposed order of a conventional book, starting where she will and following the links in the order of her choosing. In combination with Fleming’s refreshing writing style and good-natured humor, it also creates a book perfectly suited to dipping in and out.

The decades Fleming spent honing his life’s work are evident in the lightness and mastery with which Lean Logic draws on an incredible wealth of cultural and historical learning―from Whitman to Whitefield, Dickens to Daly, Kropotkin to Kafka, Keats to Kuhn, Oakeshott to Ostrom, Jung to Jensen, Machiavelli to Mumford, Mauss to Mandelbrot, Leopold to Lakatos, Polanyi to Putnam, Nietzsche to Næss, Keynes to Kumar, Scruton to Shiva, Thoreau to Toynbee, Rabelais to Rogers, Shakespeare to Schumacher, Locke to Lovelock, Homer to Homer-Dixon―in demonstrating that many of the principles it commends have a track-record of success long pre-dating our current society.

Fleming acknowledges, with honesty, the challenges ahead, but rather than inducing despair, Lean Logic is rare in its ability to inspire optimism in the creativity and intelligence of humans to nurse our ecology back to health; to rediscover the importance of place and play, of reciprocity and resilience, and of community and culture.

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?

March 2017 in Review

Most frightening stories:

  • La Paz, Bolivia, is in a serious crisis caused by loss of its glacier-fed water supply. At the same time we are losing glaciers and snowpack in important food-growing regions, the global groundwater situation is also looking bleak. And for those of us trying to do our little part for water conservation, investing in a residential graywater system can take around 15 years to break even at current costs and water rates.
  • Trump admires Andrew Jackson, who I consider a genocidal lunatic and the worst President in U.S. history.
  • Fluoridated drinking water could eventually be looked back on as a really stupid idea that damaged several generations of developing brains, like leaded gasoline. Or not…I’m not sure who to believe on the issue but caution is clearly warranted.

Most hopeful stories:

  • A new political survey says there is a chance that a majority of Americans are not bat-shit crazy. Which suggests they might not be too serious about Steve Bannon, who believes in some bat-shit crazy stuff. There are a number of apps and guides out there to help sane people pester our elected representatives when they fail to represent our interests.
  • South Korean women are projected to be the first to break the barrier of an average life expectancy of 90, with a 50% probability of this happening by 2030.
  • Advanced power strips can reduce the so-called “vampire loads” of our modern electronic devices that are never really off.

Most interesting stories, that were not particularly frightening or hopeful, or perhaps were a mixture of both:

  • This long NASA article first gets you excited about the possibility of life on eight new planets it has just discovered, and then throws cold water (actually, make that lethal X-rays) all over your excitement.
  • Bill Gates has proposed a “robot tax”. The basic idea is that if and when automation starts to increase productivity, you could tax the increase in profits and use the money to help any workers displaced by the automation. In related somewhat boring economic news, there are a variety of theories as to why a raise in the minimum wage does not appear to cause unemployment as classical economic theory would predict.
  • CRISPR could be used to create new crops out of the wild ancestors of our current crops.

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.

 

small modular reactors

Even though there haven’t been a lot of commercial nuclear reactors built in the U.S., nuclear energy research and development has progressed since the plants we are most familiar with from the 1970s. Here is Forbes talking about a new type of small modular reactor.

This nuclear reactor is something that we’ve never seen before – a small modular reactor that is economic, factory built and shippable, flexible enough to desalinate seawater, refine oil, load-follow wind, produce hydrogen, modular to make the power plant any size, and that provides something we’ve all been waiting for – a reactor that cannot meltdown.

This last point is the really big deal with SMRs. The small size of each module changes the surface-area-to-volume ratio such that heat can be siphoned off easily so that the reactor can’t melt down…

Refueling of SMRs do not require the nuclear plant to shut down. The small size and large surface area-to-volume ratio of NuScale’s reactor core, that sits below ground in a super seismic-resistant heat sink, allows natural processes to cool it indefinitely in the case of complete power blackout, with no humans needed to intervene, no AC or DC power, no pumps, and no additional water for cooling.

I support nuclear energy provided the risks of past designs can be mitigated, and it sounds like there is progress in that direction. Uranium still has to be mined, enriched, transported, and disposed of safely, of course, and safer reactors do not address that issue. There is also the proliferation issue, coupled with the fairness issue of who gets to decide which countries are allowed to have nuclear technology and which are not. But there are no zero-risk options. With the health and climate risks of continuing to burn fossil fuels on a massive scale becoming more obvious every day, we should be giving nuclear a cautious look.