And I’ll Go Mine. Wow.
Wow. I found a great new site for checking out new artists and downloading their MP3’s – FOR FREE !!! It’s called Jamendo.com. If you like what you hear you can pay the artist what you want. Kind of like Radiohead’s new album. I hope this becomes a trend.
Warning – The lyrics are in Portuguese but the music is amazing.
Just read an excellent article from FastCompany about Johnathan Goodwin, a professional gearhead that has been doing what Detroit says is impossible; modifying the largest trucks and SUV’s and making them more powerful with lower emissions and higher mpg, almost exclusively with off the shelf parts from the same auto manufacturers. My favorite quote from the article was plastered on the front page which is “Detroit could do all this stuff overnight if it wanted to”. Here’s an excerpt.
Goodwin, a 37-year-old who looks like Kevin Costner with better hair, is a professional car hacker. The spic-and-span shop is filled with eight monstrous trucks and cars–Hummers, Yukon XLs, Jeeps–in various states of undress. His four tattooed, twentysomething grease monkeys crawl all over them with wrenches and welding torches.
Goodwin leads me over to a red 2005 H3 Hummer that’s up on jacks, its mechanicals removed. He aims to use the turbine to turn the Hummer into a tricked-out electric hybrid. Like most hybrids, it’ll have two engines, including an electric motor. But in this case, the second will be the turbine, Goodwin’s secret ingredient. Whenever the truck’s juice runs low, the turbine will roar into action for a few seconds, powering a generator with such gusto that it’ll recharge a set of “supercapacitor” batteries in seconds. This means the H3’s electric motor will be able to perform awesome feats of acceleration and power over and over again, like a Prius on steroids. What’s more, the turbine will burn biodiesel, a renewable fuel with much lower emissions than normal diesel; a hydrogen-injection system will then cut those low emissions in half. And when it’s time to fill the tank, he’ll be able to just pull up to the back of a diner and dump in its excess french-fry grease–as he does with his many other Hummers. Oh, yeah, he adds, the horsepower will double–from 300 to 600.
“Conservatively,” Goodwin muses, scratching his chin, “it’ll get 60 miles to the gallon. With 2,000 foot-pounds of torque. You’ll be able to smoke the tires. And it’s going to be superefficient.”
He laughs. “Think about it: a 5,000-pound vehicle that gets 60 miles to the gallon and does zero to 60 in five seconds!”
This is absolutely amazing. I had no idea that Chinese companies were valued so highly and that their stock valuations are rising so quickly. Petrochina worth more than Google? Commercial Bank of China worth more than Microsoft? Wow. I had no idea. Here is an excerpt from the TechCrunch article.
In a presentation at last week’s Web 2.0 conference, Morgan Stanley Internet analyst Mary Meeker did her annual data dump, quantifying the Web’s growth in dozens of ways. One data point in particular really stood out for me. In 2003, the combined market capitalization of China’s publicly traded Internet companies was $5 billion. Today, it is $50 billion.
Of course, it’s not just Chinese Internet stocks that are going gangbusters. Floyd Norris at the NYT points out that, of the top 20 most valuable companies in the whole world as measured by market cap, 41 percent are Chinese, surpassing the 38 percent represented by American companies. Contrast that to 1999 when U.S. companies represented 77 percent of the top 20. And in 1989, it was Japan that dominated with 73 percent of the list. Maybe the China bubble won’t pop until China hits at least 70 percent and a Chinese Internet company is on the list. Or maybe it will deflate over time as more Chinese stocks become available to investors, who are currently fighting over a limited supply of shares.
(The Chinese companies on the list today include Petrochina (which has a larger market cap than GE), the Industrial and Commercial Bank of China (which is more valuable than Microsoft), China Petroleum, China Life, and China Construction. The only Chinese technology company on the list is China Mobile. Google doesn’t even rank in the top 20.)
According to this revealing his article at The Independent, Hillary Clinton is receiving more campaign donations from corporations associated with the US Weapons Industry than the current crop of Republican competitors which bucks the historical trend. This article also indicates that Obama was receiving more of these donations earlier in the campaign cycle but now these funds (and Wall Street) seem to have transferred their giving to the Clinton campaign. Here is an excerpt from the article.
The US arms industry is backing Hillary Clinton for President and has all but abandoned its traditional allies in the Republican party. Mrs Clinton has also emerged as Wall Street’s favourite. Investment bankers have opened their wallets in unprecedented numbers for the New York senator over the past three months and, in the process, dumped their earlier favourite, Barack Obama.
Mrs Clinton’s wooing of the defence industry is all the more remarkable given the frosty relations between Bill Clinton and the military during his presidency. An analysis of campaign contributions shows senior defence industry employees are pouring money into her war chest in the belief that their generosity will be repaid many times over with future defence contracts.
Employees of the top five US arms manufacturers – Lockheed Martin, Boeing, Northrop-Grumman, General Dynamics and Raytheon – gave Democratic presidential candidates $103,900, with only $86,800 going to the Republicans. “The contributions clearly suggest the arms industry has reached the conclusion that Democratic prospects for 2008 are very good indeed,” said Thomas Edsall, an academic at Columbia University in New York.