Reports are surfacing that businesses and colleges are planning to reduce hours for part-time staff.
Now news is appearing that state governments are working the same plan.
Why? Continue reading “State governments starting to change part-time rules”
Plummeting price of memory
Check out this superb graph from Wired Magazine reposted by Carpe Diem – Chart of the day: The falling price of memory.
Fantastic illustration of how drastically storage prices have dropped in last 20 years.
Let’s look at the technology I’ve used to pass info back and forth to clients while at their office.
Another Bakken’s worth of oil discovered. And it’s underneath the current Bakken. Oh, and what Peak Oil?
The USGS updated their estimate of the amount of oil that is undiscovered, technically recoverable in the Bakken field. Second paragraph of their press release says:
The USGS assessment found that the Bakken Formation has an estimated mean oil resource of 3.65 BBO and the Three Forks Formation has an estimated mean resource of 3.73 BBO, for a total of 7.38 BBO, with a range of 4.42 (95 percent chance) to 11.43 BBO (5 percent chance). This assessment of both formations represents a significant increase over the estimated mean resource of 3.65 billion barrels of undiscovered oil in the Bakken Formation that was estimated in the 2008 assessment.
This means the mid-point (statistically correct phrase: mean) of the total oil that is technically recoverable with current technology is 7.4 billion barrels of oil. Their assessment is that the probability is 95% that there will be at least 4.4B and the probability is 5% that there could be as much as 11.4B.
“Bakken Assembly Line” – drilling will continue for 3 more years at the current pace
Bruce Oksol provides a voice of calm in response to an alarmist editorial in the Bismarck Tribune. The editorial mentions that the state government expects 6,000 wells to come on-line in the next three years. That will lead to huge increases in drilling, truck traffic, and overall activity. At least according to the paper: Prepare for a “big surge” in Bakken.
Actually, that would be a continuation of the pace of drilling that is going on now. Today. More Details on the Coming Surge in The Bakken: 6,000 Additional Bakken Wells Over The Next Three Years reminds us that the current production rate is already 2,000 new wells a year.
Successful test of rocket hovering and making soft landing
SpaceX had a successful test of their Grasshopper rocket.
News 92 FM in Houston reports – SpaceX Rocket Launches, Hovers, and Lands:
The ten-story tall vertical takeoff, vertical landing vehicle slowly lifts off the ground and climbs to a height of around 850 feet, then hovers effortlessly in the air before slowly lowering back down to the launch pad, successfully nailing one of the softest landings you’ll ever see.
[youtube=http://www.youtube.com/watch?feature=player_embedded&v=NoxiK7K28PU]
http://www.youtube.com/watch?feature=player_embedded&v=NoxiK7K28PU
I’m no rocket scientist, sitting here in my comfy armchair, but seems like a soft landing from an 850’ hover proves a critical skill for space travel to, say, asteroids or Mars. The jaw-dropping news here is this effort was privately designed, built, funded, and operated. Very cool.
Faster please, as Glenn Reynolds says.
Update 10-13-13: I don’t know if this is the same test. It appears to be from the same site. Regardless, a superb test and a superb view:
[youtube=http://www.youtube.com/watch?feature=player_embedded&v=9ZDkItO-0a4].
Rough picture of how far the tech revolution has to go
John Bredehoft expanded my discussion on the tech revolution just getting started.
In his post, Why are some revolutions imperceptible?, he describes the revolution in his industry from getting powerful PCs. The impact on the economy was tiny, if even measurable, because the entire industry was small in relation to the overall US economy.
To point out how small the publishing and music industries are, he looked at the Fortune 500 list of largest companies in terms of sales. He points out that the largest identifiable media companies are News Corp at 91 and Time Warner at 103.
Since I’m an accountant and like to quantify things, his post gave me an interesting idea. I went to the list and did a quick analysis to compare the size of a few industries.
Continue reading “Rough picture of how far the tech revolution has to go”
Impact of the technology revolution has barely begun
That we haven’t seen the full impact of IT is a comment I heard the first time a few years ago. That sort of made sense but didn’t really register. This blog is focused on sorting out that change. The idea that the technology revolution has barely begun finally clicked for me with a column by Matthew Yglesias – Why I’m Optimistic About Growth and Innovation.
A few industries have seen huge impact from technology. Think of book publishing, journalism, and music. Those industries have been turned upside down. I read a lot and listen to a bit of music so am quite attuned to those areas. The way everyone consumes news has been transformed. I regularly read dozens of blogs a day. They just appear on my computer screen with a mouse click or two. I’ve always been a news junkie, and my consumption has soared in the last few years.
However, as big as those industries are, they are a small part of the total economy.
Continue reading “Impact of the technology revolution has barely begun”
Mali update 4-28-13
Things have apparently settled down a bit in Mali, but at a transition point the danger is high.
4-23-12 – AP- The Big Story – Limping al-Qaida offshoot rearms with Twitter
Technology revolution becoming visible in health care
The music and publishing industries have been transformed by the technology revolution. Some signs are appearing that technology might remake health care.
The Wall Street Journal article, Midlevel Health Jobs Shrink, reports that several trends are reducing opportunities for people in health care with midlevel skill sets.
Here’s a great summary in the article:
Automation, outsourcing and other forces have eliminated many formerly secure jobs in manufacturing, clerical work and other fields. Now health care is following the same path with unforeseen speed.
Continue reading “Technology revolution becoming visible in health care”
What your visit to the doctor may look like in 2023
You will still take a cab to the doctor’s office. For a while. That is a post that guesses what the annual checkup might look like a decade from now.
A self-driving car takes you to the office. A friendly, perceptive, caring, automated voice talks you through your checkup. Sensors that don’t touch you run all the tests.
John Bredehoft paints an appealing picture. Check it out.
You’ll have to read the article to see John’s predictions for the destiny of Google, Facebook, and Apple.
Continue reading “What your visit to the doctor may look like in 2023”
Major hurdle cleared for on-line education – Dep’t of Education approves financial aid for degree based on demonstrated competencies, not number of semester hours
A huge barrier for on-line education will be getting approval from the education regulators for financial assistance. Next hurdle will be accreditation for a stand-alone institution.
The Chronicle of Higher Education reports in Competency-Based Education Advances With U.S. Approval of Program:
The Education Department has approved the eligibility of Southern New Hampshire University to receive federal financial aid for students enrolled in a new, self-paced online program called College for America, the private, nonprofit university has announced.
Estimate of lifetime financial performance of one Bakken well
Since I’m an accountant, I keep an eye out for info on how one well might perform over its lifetime. Any real data for a well, let alone enough to look at averages, would be a closely guarded trade secret, so I’ll talk about public info.
Of course, if someone wanted to confidentially drop me some actual data & forecasts for real wells, I’d be happy to describe anonymous data. In the meantime…
Ms. Tessa Sandstrom, of the North Dakota Petroleum Council gave a speech reported by the Minot Daily News: Oil Boom drives on.
The article gives this info: Continue reading “Estimate of lifetime financial performance of one Bakken well”
The crazy changing economy in one sentence
In a footnote to his post In Search of Resilience, Seth Godin says:
Henry Mason describes a friend who said, “My dad had one job his whole life, I’ll have seven, and my kids will have seven jobs at the same time.”
Indications of productivity improvement for on-line education starting to appear
One study is quantifying the increased productivity of on-line classes for professors. The analysis didn’t consider the reduced space needs or savings from students not having to commute to class. Both of those factors would contribute to the productivity improvement.
Conclusion was a reduction in time of between 36% and 57%.
Continue reading “Indications of productivity improvement for on-line education starting to appear”
Williston pulls liquor licenses from two strip clubs
There are downsides to a booming economy. Things can get out of control with an overwhelming increase in men who work long hours for good money: they need something to do when not working.
With a serious imbalance in the proportion of men and women in Williston, guess what, those guys wind up at the city’s two strip clubs.
The two places are next door to each other. Not a good deal – get bounced out of one for being rowdy and you can stumble to the other.
As you would expect there has been a surge in police calls to the two clubs.
Continue reading “Williston pulls liquor licenses from two strip clubs”