Lifeboat Foundation

On the cusp of graduation, I’ve had two major realizations in college.

One: most of America’s worst economic crises have been a result of financial obscurity. The first major crash in my lifetime was in the tech bubble of the early 2000s, where Wall Street traders were overrating the quality of Internet stocks. Once the broader market realized this, the values of many tech companies were obliterated. Millions of investors exposed to this sector lost their entire investments because they were unaware of these misrepresentations. In the most last recession, where lenders were underrating the riskiness of homeowners and financial institutions were securitizing riskier-than-advertised mortgages, millions of investors lost their entire investments yet again because they were unaware of further misrepresentations.

Two: economic history repeats itself, even if as a society, we might be aware of this pattern. Taking these two market crises as an example of this bleak fact about our species, it seems that we’ll always have the shortest of memories. In this case, history repeated rather quickly – twice in the span of a decade. Is it possible that people are cognizant of a recurring mistake before it happens, even if it’s happened before in their lifetimes? Most likely not, if the last recession is any example. A significant number of real estate professionals, banking gurus, and regulators were responsible for inflating a price bubble in the housing market, even though some fraction should have been economically conscious enough to understand the problems that would eventually arise.

The question then remains: is there a way to solve both of these problems, assuming the best of all possible worlds? Yes. Imagine a place where peoples’ understandings of basic economics and financial practices was commonplace, where a homeowner and a lender had an equal comprehension of a mortgage, where a hard-working breadwinner knew the dangers of payday loans, and where a child could sit side-by-side with his or her parents while overseeing family finances. All of these possibilities – and more – can come into fruition if we as individuals place a greater emphasis on financial awareness. Note: I don’t say “financial learning” because all of these concepts are innate to us, though hidden by verbiage and stigma. Whether we like it or not, if our career is in finance or not, we must come to terms with the economic world that surrounds us.

Continue reading “One Key to The Future is Financial Clarity” »

I am taking the advice of a reader of this blog and devoting part 2 to examples of old school and modern movies and the visionary science they portray.

Things to Come 1936 — Event Horizon 1997
Things to Come was a disappointment to Wells and Event Horizon was no less a disappointment to audiences. I found them both very interesting as a showcase for some technology and social challenges.… to come- but a little off the mark in regards to the exact technology and explicit social issues. In the final scene of Things to Come, Raymond Massey asks if mankind will choose the stars. What will we choose? I find this moment very powerful- perhaps the example; the most eloguent expression of the whole genre of science fiction. Event Horizon was a complete counterpoint; a horror movie set in space with a starship modeled after a gothic cathedral. Event Horizon had a rescue crew put in stasis for a high G several month journey to Neptune on a fusion powered spaceship. High accelleration and fusion brings H-bombs to mind, and though not portrayed, this propulsion system is in fact a most probable future. Fusion “engines” are old hat in sci-fi despite the near certainty the only places fusion will ever work as advertised are in a bomb or a star. The Event Horizon, haunted and consigned to hell, used a “gravity drive” to achieve star travel by “folding space.” Interestingly, a recent concept for a black hole powered starship is probably the most accurate forecast of the technology that will be used for interstellar travel in the next century. While ripping a hole in the fabric of space time may be strictly science fantasy, for the next thousand years at least, small singularity propulsion using Hawking radiation to achieve a high fraction of the speed of light is mathematically sound and the most obvious future.

https://spanish.lifeboat.com/blog/2012/09/only-one-star-drive-can-work-so-far

That is, if humanity avoids an outbreak of engineered pathogens or any one of several other threats to our existence in that time frame.

Continue reading “Verne, Wells, and the Obvious Future Part 2” »

Steamships, locomotives, electricity; these marvels of the industrial age sparked the imagination of futurists such as Jules Verne. Perhaps no other writer or work inspired so many to reach the stars as did this Frenchman’s famous tale of space travel. Later developments in microbiology, chemistry, and astronomy would inspire H.G. Wells and the notable science fiction authors of the early 20th century.

The submarine, aircraft, the spaceship, time travel, nuclear weapons, and even stealth technology were all predicted in some form by science fiction writers many decades before they were realized. The writers were not simply making up such wonders from fanciful thought or childrens ryhmes. As science advanced in the mid 19th and early 20th century, the probable future developments this new knowledge would bring about were in some cases quite obvious. Though powered flight seems a recent miracle, it was long expected as hydrogen balloons and parachutes had been around for over a century and steam propulsion went through a long gestation before ships and trains were driven by the new engines. Solid rockets were ancient and even multiple stages to increase altitude had been in use by fireworks makers for a very long time before the space age.

Some predictions were seen to come about in ways far removed yet still connected to their fictional counterparts. The U.S. Navy flagged steam driven Nautilus swam the ocean blue under nuclear power not long before rockets took men to the moon. While Verne predicted an electric submarine, his notional Florida space gun never did take three men into space. However there was a Canadian weapons designer named Gerald Bull who met his end while trying to build such a gun for Saddam Hussien. The insane Invisible Man of Wells took the form of invisible aircraft playing a less than human role in the insane game of mutually assured destruction. And a true time machine was found easily enough in the mathematics of Einstein. Simply going fast enough through space will take a human being millions of years into the future. However, traveling back in time is still as much an impossibillity as the anti-gravity Cavorite from the First Men in the Moon. Wells missed on occasion but was not far off with his story of alien invaders defeated by germs- except we are the aliens invading the natural world’s ecosystem with our genetically modified creations and could very well soon meet our end as a result.

While Verne’s Captain Nemo made war on the death merchants of his world with a submarine ram, our own more modern anti-war device was found in the hydrogen bomb. So destructive an agent that no new world war has been possible since nuclear weapons were stockpiled in the second half of the last century. Neither Verne or Wells imagined the destructive power of a single missile submarine able to incinerate all the major cities of earth. The dozens of such superdreadnoughts even now cruising in the icy darkness of the deep ocean proves that truth is more often stranger than fiction. It may seem the golden age of predictive fiction has passed as exceptions to the laws of physics prove impossible despite advertisments to the contrary. Science fiction has given way to science fantasy and the suspension of disbelief possible in the last century has turned to disappointment and the distractions of whimsical technological fairy tales. “Beam me up” was simply a way to cut production costs for special effects and warp drive the only trick that would make a one hour episode work. Unobtainium and wishalloy, handwavium and technobabble- it has watered down what our future could be into childish wish fulfillment and escapism.

Continue reading “Verne, Wells, and the Obvious Future Part 1” »

Wednesday on the Opinion Pages of the NY Times the renowned Vinton Cerf “father of the internet” published an article titles Internet Access Is Not A Human Right. It could be argued that the key word here is “access”, but before I address access again, I should start with the definition of the internet. I had this debate while at Michigan State in October of 2010 with the philosopher Andrew Feenberg. I’ll do my best not to be redundant while everything is still live via the links in this article.

Perhaps the internet requires much more definition, as the roots of the word can be confusing. Inter: situated within – Net: any network or reticulated system of filaments or the like. Its terminology is synonymous with the “web” or a web, which requires multiple linkages to points of initiation in order to exist well. If this is the internet that Feenberg is referring to then I’d think it accurate. However, the internet is not actually a web of ever connected points. Information destinations are not required.

The internet is analogous to space. Regardless of whether or not we access space, its potential exists – we can access or insert entities of sorts into the space regardless of, if another user were present to receive information of sorts from the distributed. Space is a dynamic system of expanding material potential as is the internet’s material potential. The potential of the internet expands as users (or rather, potential users) access to the internet expands – access could come in many forms including, user population(s) growth or by computing speed or by computing power… The internet, regardless of the constraints of the word, it cannot be identified as a specific technology.

Continue reading “The Internet is a Human Right, VINTON G. CERF is Mistaken” »

The Journal for Biological & Health Innovation is accepting papers for peer review now. This journal is specific to Africa and our thoughts, theory, research, practice could have a huge impact on the expeditious development of the rest of the world technologically.

Video — U.S. Job Market — People Staying in Jobs Longer — WSJ.com.

The Cleveland Fed shows research that people staying in jobs for longer periods of time is requiring adding the economic shock of any crisis where lay-offs or retraction is involved. The problem with this is that research also shows that people out of work are less likely ever re-enter the work force.

While economists (per the this interview) wouldn’t look at this as a “structure problem” because of the forecasted potential for worker volume to return, it is likely that their opinions are a bit too faithful in the existing model of compensating laborers for a honest days work. The enduring jobs crisis can and should of course be looked at as an economic issue and even a political issue, but it would likely be better pursued as a socio-cultural and a legal issue.

The ideal of honesty and the preferred compensation for ones good work is perhaps too subjective; having stated that, the ability for an individual to own so greatly in lieu of the potentially many other individuals that cater to the discovery, development, and distribution of goods/services is (in my opinion) the root cause of our (nation, states, humans) wealth distribution and compensation problems.

Greetings fellow travelers, please allow me to introduce myself; I’m Mike ‘Cyber Shaman’ Kawitzky, independent film maker and writer from Cape Town, South Africa, one of your media/art contributors/co-conspirators.

It’s a bit daunting posting to such an illustrious board, so let me try to imagine, with you; how to regard the present with nostalgia while looking look forward to the past, knowing that a millisecond away in the future exists thoughts to think; it’s the mode of neural text, reverse causality, non-locality and quantum entanglement, where the traveller is the journey into a world in transition; after 9/11, after the economic meltdown, after the oil spill, after the tsunami, after Fukushima, after 21st Century melancholia upholstered by anti-psychotic drugs help us forget ‘the good old days’; because it’s business as usual for the 1%; the rest continue downhill with no brakes. Can’t wait to see how it all works out.

Please excuse me, my time machine is waiting…

The California Dream Act.

The banking industry is likely California Dreaming about the day when more states get their act together. …For those of us who think that the US will see a bubble in the education industry caused by its efforts to distribute human kind’s knowledge communities outside of the affluent elite, they shouldn’t hold their breath.

The Cali Dream Act could seem like an altruistic attempt to empower our desperate relatives converging on US cities, but there are some fiscally desperate economics behind this proverbial triumph over “social evil”, as if such a thing ever existed…LOL

Continue reading “Avoiding Bubbles — The California Dream Act” »

Space is a hard sell these days. Aside from the persistent small community of die-hard space advocates and New Space entrepreneurs, the relevance of space to the society at large has generally declined since the grand achievements of the Space Race and even such great feats as the building of the ISS have garnered rather modest public attention. In recent years we have had more active astronauts than ever in history, yet few among the general public can name a single one. An appreciation of space science seems to have improved in recent years by virtue of the impressive visuals offered by orbital telescopes, space probes, and rovers. But the general public commitment to space development still dwindles in the face of mounting domestic issues. Most recently we have seen a drastic contraction of national space agencies in response to the current global economic turmoil. Programs are reduced, cut, or under looming threat. We hear pronouncements of deemphasis of costly manned space activity by the major national players in space development. The world leader in space, NASA, now drifts aimlessly, its premier launch system–controversial from the start, often dismissed as a boondoggle, and dragged along for far too long–finally succumbing to obsolescence without a replacement at-hand, leaving the agency dependent upon foreign nations and struggling for a semblance of direction and purpose. In this past few years, finding itself abandoned on both right and left sides of the political fence, it faced the very real possibility of being shut down altogether and now its partner DARPA talks of century-long space programs with no government involvement at all because the very idea of the US government having the coherence to accomplish anything that takes more than one electoral cycle to do has become implausible.

Overconfident to the extreme after recent very significant, yet still modest in the broad perspective, successes, the newest faction of the commercial space community, the New Space entrepreneurs, boast their readiness to pick up the slack, not quite cluing into the fact that the rope isn’t just dropped, it may be cut! Space industry has never been a very big industry despite the seemingly gigantic sticker prices of its hardware. The global space industry accounts for around 160 billion dollars annually. Soft drinks account for 350 billion. Coca Cola is bigger than NASA. Meanwhile, the lion’s share of commercial space service has always been for governments and the remaining largely telecommunications applications –after 50 years still the only proven way to make money in space- face slow decline as latency becomes increasingly critical to mainstream communications. The ‘grand convergence’ long anticipated in computing has now focused on the Internet which is steadily assimilating all forms of mainstream communication and media distribution. Despite a few service providers of last resort, satellites simply don’t work as a host for conventional Internet and physics precludes any solution to that. We owe recent surges in launch service demand more to war than anything else. Ultimately, we’re not looking at a privatization of national space systems. We’re looking at their outright obsolescence and an overall decline in the relevance of space activity of any sort short of science applications, which have no more need of astronauts than for manned submersibles and for the same reasons. The need for space services will not disappear but, as it stands now, has little likelihood of growth either–except on the back of war. Logically, what commercial space desperately needs is a program for the systematic cultivation of new applications the space agencies have never seriously pursued–new ways to make money there, particularly in an industrial context. And what do the mavericks of New Space have on offer in that context? Space tourism for the rich, during a time of global recession…

There is a great misconception today that the challenges of commercial space are merely technological problems waiting to be solved by that one new breakthrough propulsion technology that never materializes. But commercial air travel did not become ubiquitous by virtue of flight technology becoming miraculously cheap and powerful like microprocessors. It became ubiquitous by realizing markets of scale that supported aircraft of enormous size needing very large minimum operation economies of scale, where populations of millions in communities with well-heeled comfortable middle-classes are necessary to generate sufficient traffic to justify the existence of a single airport. A single A380 airliner costs almost as much as the development of a typical unmanned launch system. Air travel was never particularly successful in an industrial sense. Most stuff still moves around the world at the 20mph speed of ships. The New Deal and the remnant air support infrastructure of WWII were together probably more responsible for the modern airline industry than any engine or aircraft design–because they created the market. If it takes a population of millions to justify the existence of a single conventional airport for conventional airliners, what then a Pan-Am Orion?

For those who look to space as an insurance policy for life and the human civilization, this situation should be of much concern. Whether it be for averting the potential disasters of asteroid strikes or as a redoubt for some fraction of civilization in the event of any terrestrial disaster, a vast space-based infrastructure must be continually at-hand for such capability. Yet these kinds of threats do not themselves seem to have ever inspired sufficient concern in the general public or political leaders to demand such capability be established and maintained for its own sake. You cannot talk in public about such space contingencies and be taken remotely seriously. One could say we have been a bit too lucky as a civilization. There have been no small asteroid impacts in historic memory and few global existentially threatening events beyond those we human beings have created –and we’re very good at systematic denial of those. So this contingency capability relies on being incidental to other space development. That development has been inadequate for that to date, counting on future expansion that has never materialized. What then as we watch that development fizzle-out altogether? The essential cultural relevance of space development can be seen as crucial to the long-term survival of our species, and that’s in marked decline.

Continue reading “Solution In Search Of A Problem — Nationalism, Environmentalism, and Space's struggle for cultural relevance.” »