Is the manufacturing sector in the U.S. dead? Not exactly. Actually, not even close to it.

Employment in the manufacturing sector may be down, but the dollar output is high.

Consider two questions:

  1. What country in the world has the largest amount of manufacturing?
  2. If manufacturing in the U.S. was a separate country, where would it rank compared to GDP of other countries?

Would this be your response?

  1. Lots of places other than the U.S.
  2. really low

Guess again.

Correct answer:  Continue reading “Is the manufacturing sector in the U.S. dead? Not exactly. Actually, not even close to it.”

Eagle Ford – Another amazing oil field to watch

There’s an astounding increase in oil and gas production from the Eagle Ford region in Texas in the last 15 months.  That field starts north of Laredo and runs to the northeast.

Key tidbits from this post by Energy Information AdministrationEagle Ford oil and natural gas well starts rose sharply in first quarter 2012: Continue reading “Eagle Ford – Another amazing oil field to watch”

Mining asteroids? I get it!

An organization called Planetary Resources had their big press conference yesterday announcing their plans to mine asteroids for raw materials that will facilitate private space travel.  I mentioned this here and here.

I’ve barely started reading their website, but that’s enough for me to ‘get it’.  With other work commitments I will have to get back to this later, but wanted to highlight it now.

An article in The New York Times provides more background – In Pursuit of Riches, and Travelers’ Supplies, in the Asteroid Belt

Here’s the concept in one paragraph from Planetary Resources’ web site – mind-boggling amounts of natural resources have yet to be discovered:

Continue reading “Mining asteroids? I get it!”

The more things change, the more they stay the same as 2,442 years ago

Since I am even less trendy than John Bredehoft, I wasn’t aware of this funny line that is making the rounds until he called attention to it in his post, 430 BC and 2012 AD – remarkable parallels, or coincidence?

Greece is collapsing,

Iranians are getting aggressive

& Rome is in disarray.

Welcome back to 430 BC!

Continue reading “The more things change, the more they stay the same as 2,442 years ago”

Private space travel – connecting some dots

Previous post discussed mining asteroids to get raw materials for space exploration. 

Ponder the idea of private space travel and tie that to mining asteroids for some really wild possibilities for change in the future.

This video from Reason.TV is a bit smart alack, but makes a number of points about the future of private space travel:

[youtube=http://www.youtube.com/watch?v=XXkW8W0-Noc&feature=player_embedded#t=5s]

It’s a short video talking about the final shuttle being retired and moved to DC where it will reside at the Air and Space Museum. Check it out.  Here are some of my favorite lines:

Continue reading “Private space travel – connecting some dots”

Mining asteroids?

Here’s a brain stretcher for you.

People with money to back their ideas are thinking about mining asteroids for natural resources.

After you finish chuckling, consider the materials needed for extended space travel and the cost of lifting them from earth into space.  How about pulling those resources off an asteroid, since its already in space?

Like I said, it’s a stretch.

And yet…

An outfit called Planetary Resources is planning to research the idea and figure out how to pull it off.

Continue reading “Mining asteroids?”

I have an international reach? Really? Cool!

In my previous post, I mentioned the ability to have world-wide reach from my musing.  I wasn’t being particularly serious.

And then I noticed the report for locations of visitors.

For the last 30 days on my other blog, Attestation Update (the one talking about U.S. accounting issues) here’s the stats for page views:  Continue reading “I have an international reach? Really? Cool!”

Look how far PCs have developed

David Albrecht provides some background on what the first generation of computers looked like in his expression of gratitude to the innovations of Commodore International’s founder.  See his post, Jack Tramiel 1928-2012.

The VIC-20 had 5K of RAM. Yes, 5K, not 6 megs, Not 1 meg. Not even 512K.  Try .005 meg of ram. (That Dell machine I linked to has 1,229 times more RAM than a VIC-20.)

You could buy a cartridge to add 3K or even 8K.  But there was only one slot.

The Commodore 64 was so named because the breakthrough was it had that much memory. Yes, a whopping 64K RAM. Yes, that’s .06 megs.

Continue reading “Look how far PCs have developed”

Cost of crossing Atlantic on Titanic expressed in wages of the time

I’m taking a meandering trip to look at the cost to cross the Atlantic in 1912 versus 2012.

Previous post looked at the ticket prices for various classes of accommodations on the Titanic and salaries for a variety of positions at the time.

I converted some of those weekly salary numbers into annual amounts and then lined up the positions in terms of which class of accommodations people would likely take.  This shows the number of weeks salary it would take to buy a ticket on Titanic.

Continue reading “Cost of crossing Atlantic on Titanic expressed in wages of the time”

Titanic exhibit in San Diego – dollars and time to cross the Atlantic

While taking some vacation time in San Diego this past weekend, my wife and I went to the Titanic exhibit hosted by the San Diego Natural History Museum. It was fantastic! By the way, the exhibit runs through September 9, 2012 if you are interested.

I plan to use the Titanic as a reference point for change in transportation costs. That idea struck me very strongly on this short vacation in San Diego.

The best starting point for the exhibit is a blog post at Well Heeled Blog. A quick read of the blog and related Facebook page shows the author wishes to remain anonymous.

Continue reading “Titanic exhibit in San Diego – dollars and time to cross the Atlantic”

Daily production graphs of North Dakota oil

Courtesy of the credits on graphs from Mark Perry at Carpe Diem I found the mother lode of data for oil production in North Dakota.

Piece of cake to produce these cool graphs.  Source of data:  ND Monthly Oil Production Statistics

The following graphs show the daily production of oil in North Dakota. I’ve presented three time horizons, since that shows difference time perspectives.

Continue reading “Daily production graphs of North Dakota oil”

Music can engage nursing home residents? From checked-out to animated

Watch this video to see the impact of re-engaging a 10-year resident of a nursing home.  He goes from barely able to answer yes/no questions to expressively describing music he enjoyed as a child and why music is so important to him.  Look at the joy in his eyes.

All from listening to his favorite music on an iPod.

Ah, the blessings of technology. As Glenn Reynolds say, faster please.

If you’ve ever spent time visiting a nursing home, this will make you weep with joy for what is possible.

[youtube=http://www.youtube.com/watch?feature=player_embedded&v=NKDXuCE7LeQ#t=0s]

Hat tip:  CyberBrethren-A Lutheran Blog by Paul T. McCain

Oil boom on the horizon in Kansas? Also, a hint of the lucrative economics of fracking.

Walter Russell Mead points to an article here that says prospectors are spreading out across southern Kansas looking for oil. They are in the Mississippi Lime formation, roughly between Tulsa and Wichita and spreading to the west.

Two really cool comments in Mr. Mead’s post, What is the Matter with Kansas? If You Like Oil, Nothing.

First, here is a hint at the economics involved:

Continue reading “Oil boom on the horizon in Kansas? Also, a hint of the lucrative economics of fracking.”

Price of nails as indicator of improved quality of life – imagine spending as much on nails as we do home computers today.

Nails haven’t always been so cheap as to be priced as an inconsequential part of any project.

Post by Timothy Taylor at Conversable Economist discusses The Price of Nails.

Continue reading “Price of nails as indicator of improved quality of life – imagine spending as much on nails as we do home computers today.”