Lifeboat Foundation

Kyiv will lose nearly two-thirds of its deposits if the Kremlin is successful in annexing Ukrainian territory.

At least $12.4 trillion worth of Ukraine’s essential natural resources, including energy and mineral deposits, are now under Russian control.

“The Kremlin is robbing Ukraine” of its natural resources, the backbone of it’s economy, according to an analysis by SecDev posted by Washington Post on August 10.

Continue reading “In the Ukraine war, a battle for the nation’s mineral and energy wealth” »

Plants use light waves from only a portion of the spectrum for photosynthesis—the remainder can be recovered and used to generate solar power. That’s the idea behind the solar modules developed by EPFL startup Voltiris. Following encouraging preliminary results, a new pilot installation was recently installed in Graubünden.

In Switzerland, growing tomatoes, cucumbers, peppers and other light-and heat-intensive vegetables requires building a greenhouse—but operating one consumes a huge amount of power. Farmers have to carefully balance crop yields and economics with environmental concerns. “It costs more than CHF 1.5 million a year to heat a 5-hectare greenhouse,” says Nicolas Weber, the CEO of Voltiris. “And a greenhouse of that size emits roughly the same amount of CO₂ per year as 2,000 people.”

The Swiss federation of fruit & vegetable growers, which cultivate several thousand hectares across the country, has set a target of eliminating all fossil-fuel-based energy from its farming processes by 2040. The system developed by Voltiris can go a long way towards reaching that goal. Its technology is based on the fact that plants don’t use all of the waves contained in sunlight; the remaining ones can be concentrated onto photovoltaic (PV) cells to generate solar power. Voltiris’ system is lightweight and designed to track the sun’s movement across the sky, and boasts daily yields on par with conventional solar panels. The first vegetables grown under Voltiris’ system were harvested this summer through pilot tests carried out at two greenhouses, in the cantons of Valais and Graubünden.

Corneal blindness occurs when the transparent membrane that covers the front of the eye and acts as a lens becomes opaque and prevents the light from reaching the back of the eye, inhibiting vision. It can be solved with a transplant, but experts estimate that 12.7 million people are currently waiting for a cornea donation. These membranes are in short supply: for every 70 that are needed, only one is available. In view of this problem, especially in countries where there are fewer donations of human corneas due to limited infrastructure, a group of Swedish researchers tested corneas made from pig skin collagen in 20 people who needed transplants (all of them Iranian or Indian citizens; 14 of them were blind). After two years, they all showed improvement, and those who were blind could see again. Although more complex clinical trials are still necessary to validate the measure, the first test of this bioengineered corneal tissue has proven to be safe. The results of this pilot study were published in the Nature Biotechnology journal.

There is also a socioeconomic aspect to corneal blindness: one million new cases are diagnosed every year, but according to researchers, most are concentrated in low-and middle-income countries in Asia, Africa and the Middle East – precisely where it is most difficult to obtain a donated human cornea, due to endless “economic, cultural, technological, political and ethical barriers.” Finding an alternative to the human cornea transplant is key, the authors point out, to fighting keratoconus, a disease that weakens and thins the cornea, and which is the reason for most transplants.

In order to find an alternative to donated human cornea, the researchers bioengineered collagen, the main protein in the human cornea, as a raw material. “For an abundant yet sustainable and cost-effective supply of collagen, we used medical-grade collagen sourced from porcine skin, a purified byproduct from the food industry already used in FDA-approved medical devices for glaucoma surgery and as a wound dressing,” they explain in the article. Unlike the human corneas, which must be used in less than two weeks, bioengineered corneas can be stored for up to two years.

Actual universal basic income going on 💸💵💰🪙

STIMULUS checks have given Americans a feel for universal basic income (UBI) – but folks in certain states and cities are getting used to this idea.

UBI is a set of recurring payments that individuals get from the government. These can be paid out every month, several times a year, or just once annually.

Continue reading “Thousands of Americans eligible for direct payments worth up to $2,550” »

Not yet. But we should make sure we act now to stay well ahead.

Nuclear power will be capable of generating 38.4 percent of Poland’s electric power needs by 2043, and should raise the country’s GDP by over 1 percent, a report by the Polish Institute of Economics (PIE) has forecast.

The report, titled “Economic aspects of nuclear investment in Poland — influence on business, the labor market and local communities,” also says that the nuclear energy program will generate 40,000 jobs over the next five decades.

According to the most optimistic scenario, 70 percent of the value of the investments in nuclear energy should be realized by Polish companies, and the total investment realized by them could reach close to $40 billion.

If the combination of Covid-19 and remote work technologies like Zoom have undercut the role of cities in economic life, what might an even more robust technology like the metaverse do? Will it finally be the big upheaval that obliterates the role of cities and density? To paraphrase Airbnb CEO Brian Chesky: The place to be was Silicon Valley. It feels like now the place to be is the internet.

The simple answer is no, and for a basic reason. Wave after wave of technological innovation — the telegraph, the streetcar, the telephone, the car, the airplane, the internet, and more — have brought predictions of the demise of physical location and the death of cities.

Remote work has become commonplace since the beginning of the Covid-19 pandemic. But the focus on daily remote work arrangements may miss a larger opportunity that the pandemic has unearthed: the possibility of a substantially increased labor pool for digital economy work. To measure interest in digital economy jobs, defined as jobs within the business, finance, art, science, information technology, and architecture and engineering sectors, the authors conducted extensive analyses of job searches on the Bing search engine, which accounts for more than a quarter of all desktop searches in the U.S. They found that, not only did searches for digital economy jobs increase since the beginning of the pandemic, but those searches also became less geographically concentrated. The single biggest societal consequence of the dual trends of corporate acceptance of remote work and people’s increased interest in digital economy jobs is the potential geographic spread of opportunity.

Continue reading “Who Gets to Work in the Digital Economy?” »

Quantum Information Science / Quantum Computing (QIS / QC) continues to make substantial progress into 2023 with commercial applications coming where difficult practical problems can be solved significantly faster using QC (quantum advantage) and QC solving seemingly impossible problems and test cases (not practical problems) that for classical computers such as supercomputers would take thousands of years or beyond classical computing capabilities (quantum supremacy). Often the two terms are interchanged. Claims of quantum advantage or quantum supremacy, at times, are able to be challenged through new algorithms on classical computers.

The potential is for hybrid systems with quantum computers and classical computers such as supercomputers (and perhaps analog computing in the future) could operate in the thousands and potentially millions of times faster in lending more understanding into intractable challenges and problems. Imagine the possibilities and the implications for the benefit of Earth’s ecosystems and humankind significantly impacting in dozens of areas of computational science such as big data analytics, weather forecasting, aerospace and novel transportation engineering, novel new energy paradigms such as renewable energy, healthcare and drug discovery, omics (genomics, transcriptomics, proteomics, metabolomic), economics, AI, large-scale simulations, financial services, new materials, optimization challenges, … endless.

The stakes are so high in competitive and strategic advantage that top corporations and governments are investing in and working with QIS / QC. (See my Forbes article: Government Deep Tech 2022 Top Funding Focus Explainable AI, Photonics, Quantum—they (BDC Deep Tech Fund) invested in QC company Xanadu). For the US, in 2018, there is the USD $1.2 billion National Quantum Initiative Act and related U.S. Department of Energy providing USD $625 million over five years for five quantum information research hubs led by national laboratories: Argonne, Brookhaven, Fermi, Lawrence Berkeley and Oak Ridge. In August 2022, the US CHIPS and Science Act providing hundreds of millions in funding as well. Coverage includes: accelerating the discovery of quantum applications; growing a diverse and domestic quantum workforce; development of critical infrastructure and standardization of cutting-edge R&D.

Weighing cost vs. benefit

For small business owners, implementing sustainability initiatives may seem more like a pipe dream than a tangible goal, as the technology can be costly to implement. What’s more, businesses that are using technology to drive sustainability must employ talented workers who can tap into those resources and streamline operations for the greatest economic and environmental benefit.

However, as companies can leverage automation and data analytics to increase efficiency, adjust energy usage, reduce waste and otherwise help with sustainability, the cost of investing in automation is worth it. By giving company leaders the ability to see the big picture in terms of carbon footprint, data and automation can help optimize operations and improve a company’s bottom line.