Author: Jim Ulvog

More bad news for college basketball

Image courtesy of Adobe Stock.

Looks like a new mega-scandal has burst on the college basketball scene. I’ve just started paying attention to it. Will describe a few articles on the fiasco and then let it sit for a while before discussing it in more detail.

The feds indicted assistant coaches from four named colleges with two more unnamed schools mentioned, with sufficient detail to allow guesses as to which school’s coaches will next face a perp walk.

Charges are described in Yahoo Sports on 9/26/17: FBI brings Armageddon to college basketball, and its’ just the tip of the iceberg.

Allegations are large payments going to promising high school recruits to get them attending particular schools. Named schools are Arizona, Auburn, Oklahoma State, and USC.

Continue reading “More bad news for college basketball”

Rapid economic growth of the American colonies before the revolution.

“3D Growth Projections” by ccPixs.com is licensed under CC BY 2.0:  www.ccPixs.com

Take a look at how rapidly the colonies developed over the many years in advance of the successful American revolution. Comments are from An Empire of Wealth: The Epic History of American Economic Power by John Steel Gordon.

One part that is astounding to me is certain geographies were very conducive to a certain type of crop. That is why tobacco, or corn, or cotton, or fishing for cod thrived in certain areas.

Consider: export of tobacco from Virginia to England:

  • 1618 – 20,000#
  • 1622 – 60,000#
  • 1627 – 500,000 #
  • 1629 – 1,500,000#
  • 1638 – 3,000,000#

let’s look at the annual increase and compound rate of growth:

Continue reading “Rapid economic growth of the American colonies before the revolution.”

Nuclear launch protocol and timing

Drawing courtesy of Adobe Stock.

In case I ever want to make reference to such things, I now can cite an article that describes a guess at the nuclear launch protocols in place for the United States. Article also has speculation as to timing for each phase of the sequence.

Someday I may want to cite an unclassified source, so here it is:

Continue reading “Nuclear launch protocol and timing”

Why has there been such astounding economic success in the United States?

How to illustrate the super-abundance produced in the U.S.? Perhaps this view of a corn field, knowing there are huge fields of corn for a hundred miles in every direction. “An Iowa Summer Carpet” by cwwycoff1 is licensed under CC BY 2.0

Why these is so much economic output in the U.S. is a valuable question because once you can explain why the U.S. has seen such powerful growth for such a long time, there is a possibility, remote though it may be, for others to have the same prosperity.

Each of us has to search for the answer by yourself. I suggest you seriously consider the first chapter of An Empire of Wealth: The Epic History of American Economic Power by John Steel Gordon if you want to get your arms around the answer.

It is not just that the US is a large country that goes from coast to coast.

Continue reading “Why has there been such astounding economic success in the United States?”

Energy update

Five more reasons Saudi Arabia is in a jam and American pipelines are overfull. There will be many more reasons on that site before all the drilling is done. Oh, check out that gorgeous sky. Photo by James Ulvog.

A few articles that caught my interest over the last months on energy issues:

  • Another new field with one and half or two billion barrels of oil that not even the energy wizards were sure was there – Oh yeah, what Peak Oil?
  • Saudi Arabia cracks down
  • Two billion a year is consumed for lifestyle support stipends paid to every descendant of the house of Saud
  • Pipeline capacity is constraint for otherwise expanding shale production
  • US hit crude export level of 1 million barrels a day this past summer

What Peak Oil?

7/12/17 – Houston Chronicle – Houston’s Talos Energy makes ‘significant’ find in Mexico’s waters – Two years ago the Mexican government allowed private companies to start exploring for oil in the country. The improved freedom for private companies to do what private companies do is paying off.

On 7/12 Talos Energy announced the “Zama-1” exploratory well has confirmed a new find which is estimated to hold between 1.4 billion and 2.0 billion barrels of oil-in-place.

Oil that can now be pulled from under the ocean to provide energy to a fuel-hungry world.

Continue reading “Energy update”

More news on drone use in the private sector.

The Wedge-tail eagle is aggressive enough to take out drones with seven-foot wingspans. Photo “wedge-tail 32” by Jim Bendon is licensed under CC BY-SA 2.0

Fun stories on the private sector use of drones:

  • Toy drone regulations in U.S. knocked down
  • Demand for commercial drone pilots is growing
  • How about using a swarm of disposable drones to deliver disaster aid?
  • Wedge-tail eagles taking out big drones

5/19/17 – The Hill – Court strikes down rule forcing toy drone users to register with govt – The FAA rule requiring every operator of every toy drone to register is contrary to a congressional law that prohibits the FAA from regulating toy drones. That is the conclusion of the federal Second Court of Appeals in DC.

Continue reading “More news on drone use in the private sector.”

Transatlantic transportation costs in 1937

1937 Hindenburg disaster shown on cover of magazine in 1950. Image courtesy of Adobe Stock.

A Niche in Time: “One of the Worst Catastrophes in the World” by Doug Messier at Parabolic Arc on 9/26/17 describes the May 6, 1937 Hindenburg Zeppelin disaster than ended the age of passenger flights on rigid airships. More in a moment on the ticket prices for transatlantic travel.

Several factors led to the end of rigid airships. The disaster took out half of the Zeppelin fleet, the U.S. blocked export of helium so the German company had no choice but to use (and would have continued using) explosive hydrogen, fixed wing aircraft were emerging as an alternative (specifically the then-cutting edge DC-3), Zeppelin travel was more expensive than ocean liners, and the disaster destroyed public confidence in the Zeppelins.

Check out the full article for more details.

According to the article, here are some tidbits on the cost of travel to cross the Atlantic at the time on the luxurious, faster airships and slower cruise ships:

Continue reading “Transatlantic transportation costs in 1937”

Technology changes overtake the iconic Boeing 747

“Boeing 747” by allenthepostman is licensed under CC BY-SA 2.0

United will make a big deal of its final flight of a 747 on November 7 with retro uniforms for flight attendants, a stylized ‘70s menu, and entertainment fitting the era.  Forbes reports on  9/19/17:  The Boeing 747 Came In With a Bang And Now It Will Go Out With One.

Delta’s final international flight of a 747 was on September 7. Their final two domestic flights of the 747 were for evacuation of people in advance of Hurricane Irma.

Article describes the launch of the 747:

Continue reading “Technology changes overtake the iconic Boeing 747”

More news on the emerging state-legal-federal-illegal marijuana industry.

“LEGAL Colorado Marijuana Grow” by Brett Levin Photography is licensed under CC BY 2.0

8/30/17 – Wall Street Journal- Buzz Kill for Pot Farmers: Lower Prices – Estimates are the increasingly legal cannabis business has industry wide revenue of somewhere around $6B of sales a year compared to the tobacco industry with $119B annual sales.

According to companies who track such things, the prices for legal marijuana have been dropping.

A retail company in Seattle offers the pricing of one specific brand as an indicator. It is currently going for $10 a gram now compared to $15 a gram two years ago (9/15), which is a one-third drop.

Continue reading “More news on the emerging state-legal-federal-illegal marijuana industry.”

The story on Silk Road, an on-line drug bazaar, shows the power of rationalization and self-deception

Cover of “American Kingpin” from Amazon. Used under fair use.

The sad tale of Ross Ulbricht and his on-line drug bazaar called Silk Road is a good study of the outer limits of how far rationalization can carry a person.

It is also a frightening illustration of Jeremiah 17:9. From the New International Version, ponder:

The heart is deceitful above all thing and beyond cure. Who can understand it?

Considering the tale of Silk Road is useful for accountants wanting to learn about the outer fringe of the internet and he investigative power of the federal government, believers who would like an illustration of the frightening level of deceit that lives in the human heart, and anyone else wanting to learn more about the dark worlds that normal people will never see.

My posts are gathered into two collections:

Continue reading “The story on Silk Road, an on-line drug bazaar, shows the power of rationalization and self-deception”

More explanations of virtual currencies and possible applications

“bitcoin” by komersreal is licensed under CC BY 2.0

Several recent articles provide more background on Bitcoin and other blockchain tools. For your daily brain stretching:

  • Blockchain as a possible tool for fast and cheap international payments
  • China is working to restrict blockchain transactions
  • Central banks ponder issuing of their own virtual currencies
  • Tax status of blockchain transactions and the IRS is out fishing for tax evaders
  • Description of blockchain as being the internet of money, comparable to how the internet moves and stores information

8/28/17 – Journal of Accountancy – Blockchain opens new era for cross-border payments – Moving money from one country to another is time-consuming and costly. There are fees at both ends. It takes several days for the money to arrive. An error in one digit of the routing or account information means the transfer will go astray and take more time and money to locate.

Blockchain offers the opportunity to make international transfers near immediate and at a fraction of the cost.

For an illustration, picture a company paying international vendors. Or an international worker sending part of his paycheck back to his parents in his home country. Or a mission organization moving funds to its many field offices.

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Video shows why rocket science is difficult. More fun news on the wide open frontier of space.

How Not to Land an Orbital Rocket Booster – Elon Musk posted a video of failed launches. You might call this a blooper reel. I prefer to call it:

This is why rocket science is called rocket science.

Enjoy the incidents of “rapid unscheduled disassembly”:

 

(Link: youtube=https://youtu.be/bvim4rsNHkQ00)

As you chuckle at the failed recoveries, keep in mind SpaceX has recovered 16 boosters, reused 2 of them, and has recovered 2 Dragon capsules, having already reused 1.

That, is rocket science.

9/22/17 – Behind the Black – Soyuz launches Russian GPS satellite – In the fun-to-watch race for most launches in 2017, Russia now has a slight lead over SpaceX.

Continue reading “Video shows why rocket science is difficult. More fun news on the wide open frontier of space.”

France has armed its MQ-9 Reapers. Background on MQ-9 drone.

An MQ-9 Reaper, armed with GBU-12 Paveway II laser guided munitions and AGM-114 Hellfire missiles, piloted by Col. Lex Turner flies a combat mission over southern Afghanistan. (U.S. Air Force Photo / Lt. Col. Leslie Pratt) (Interpretive text accompanies the official USAF photo.)

Some background on the MQ-9 Reaper, an upgrade to the MQ-1 Predator. Also, France has armed the Reapers it has deployed in Africa.

9/20/17 – Strategy Page – Counter-Terrorism: Up Close and Constantly – France has 6 U.S. made MQ-9 Reapers in its inventory. Five of them are Niger, used for counterterrorism operations in surrounding countries. The remaining one is in France, used for training. Six more are on order.

To improve capabilities, France started loading the MQ-9s with Hellfire missiles. Their Tiger helicopter gunships already use that missile, so they were in stock and the French munitions maintainers already knew how to load and handle them.

Continue reading “France has armed its MQ-9 Reapers. Background on MQ-9 drone.”

Venezuela continues to spiral downward

Venezuelan flag. Image courtesy of Adobe Stock.

News out of Venezuela keeps getting worse.

8/18/17 – Wall Street Journal – Venezuela’s Former Attorney General Flees to Columbia – The constituent assembly removed the Attorney General earlier in the month and last week took over all legislative powers from the Congress. When the government leveled corruption accusations against the now-deposed Attorney General, she and her husband fled for their lives to Columbia.

As an indicator of why she had to get-outta’-Dodge is that the secret police raided her home last week and the government has now banned 60 other prosecutors from leaving the country.

8/26/17 – Hot air – Girls As Young As 12 Turned To Prostitution To Survive Venezuela’s Socialist Nightmare – Continue reading “Venezuela continues to spiral downward”

This is what creative destruction looks like: disruption in the taxi, TV, and retail industries.

If you wish to become obsolete or gain hands-on experience with bankruptcy laws, the above strategy will work well. Cartoon is provided courtesy of Adobe Stock.

Companies and industries that can’t keep up with changes in technology or demographics or the internet are getting hit hard.

A few more hits to the old way of doing things:

  • collapsing price for taxi medallions
  • tricks to hide low TV audiences; gaming the ratings
  • more closures of Sears stores
  • Toys ‘R’ Us files for bankruptcy protection

The wide use of Uber and Lyft has affected the taxi industry. As one measure of the technological disruption, consider the price of a taxi medallion in New York. One cannot operate a taxi there without a medallion.

There is apparently a thriving business, or at least there used to be a thriving business, in buying a medallion and then renting it out to someone who wanted to drive a taxi.

The market for medallions has collapsed. Consider the following graph by Mark Perry, described in a tweet on 7/6/17.

Continue reading “This is what creative destruction looks like: disruption in the taxi, TV, and retail industries.”