CAMBRIDGE – Against all expectations, US emissions of carbon dioxide into the atmosphere, since peaking in 2007, have fallen by 12% as of 2012, back to 1995 levels. The primary reason, in a word, is “fracking.”
Fear of Fracking by Jeffrey Frankel - Project Syndicate - 0 views
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Just ten years ago, the natural-gas industry was so sure that domestic production was reaching its limit that it made large investments in terminals to import liquefied natural gas (LNG). Yet fracking has increased supply so rapidly that these facilities are now being converted to export LNG.
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Natural gas emits only half as much CO2 as coal, and occupies a rapidly increasing share of electricity generation – up 37% since 2007, while coal’s share has plummeted by 25%.
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The Two Innovation Economies by William Janeway - Project Syndicate - 0 views
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The strategic technologies that have repeatedly transformed the market economy – from railroads to the Internet – required the construction of networks whose value in use could not be known when they were first deployed.
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Consequently, innovation at the frontier depends on funding sources that are decoupled from concern for economic value;
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Financial speculation has been, and remains, one required source of funding. Financial bubbles emerge wherever liquid asset markets exist. Indeed, the objects of such speculation astound the imagination: tulip bulbs, gold and silver mines, real estate, the debt of new nations, corporate securities.
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Foxconn Audit Reveals Workweek Still Too Long - NYTimes.com - 0 views
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Foxconn, part of the Taiwan-based company Hon Hai Precision Industry, employs about 178,000 workers at the three factories inspected. It has about 1.2 million workers at plants making products for Apple, Hewlett-Packard, Dell, Microsoft and other technology companies.
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He noted that Foxconn has also overhauled many processes, including using robots instead of people to polish the aluminum backs of iPad cases and water to capture and dispose of the resulting dust.
General Electric Adds to Its 'Industrial Internet' - NYTimes.com - 0 views
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“The rise of industrial big data is moving at twice the speed of other big data. That’s a great opportunity.” said William Ruh, the head of global software at G.E. “There’s all kinds of experiences that we’re going to create.”
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The other is a kind of application software to help power companies figure out how to best build out and operate their turbines. By October, G.E. hopes to have similar applications out for railway, mining, and oil and gas companies.
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Effectively, G.E. is taking the data-driven tools and strategies used by Google and Facebook to the much larger global economy.
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IBM to Announce More Powerful Watson via the Internet - NYTimes.com - 0 views
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On Tuesday, a company appearing at the Amazon conference said it had run in 18 hours a project on Amazon’s cloud of computer servers that would have taken 264 years on a single server. The project, related to finding better materials for solar panels, cost $33,000, compared with an estimated $68 million to build and run a similar computer just a few years ago.
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“It’s now $90 an hour to rent 10,000 computers,” the equivalent of a giant machine that would cost $4.4 million, said Jason Stowe, the chief executive of Cycle Computing, the company that did the Amazon supercomputing exercise, and whose clients include The Hartford, Novartis, and Johnson & Johnson. “Soon smart people will be renting a conference room to do some supercomputing.”
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This year, Gartner calculated that A.W.S. had five times the computing power of 14 other cloud computing companies, including IBM, combined.
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Maria van der Hoeven: How to Fix the 21st Century's Dirty Engine of Growth - 0 views
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A single, large coal plant, if built with the best-available technology, can reduce emissions by the annual equivalent of taking a million cars off the road compared to the subcritical coal-plant technology still prevalent in most countries.
Disruptive technologies articles and insights | McKinsey & Company - 0 views
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Disruptive technologies
How Jean Tirole's Work Helps Explain the Internet Economy - NYTimes.com - 0 views
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How Jean Tirole’s Work Helps Explain the Internet Economy
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He also said that industries should be regulated differently depending on their distinct characteristics.
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EU economic sanction on Russia won't affect gas - Rompey - RT Business - 0 views
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EU economic sanction on Russia won’t affect gas – Rompey
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The first principle is that "the measures in the field of sensitive technologies will only affect the oil sector in view of the need to preserve EU energy security," an EU source familiar with the letter told Reuters.
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The second principle of “non-retroactivity will apply across all targeted sectors, notably in the field of arms trade and restrictions on access to capital markets,” Van Rompuy wrote.
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Global flows in a digital age | McKinsey & Company - 0 views
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Global flows in a digital age
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Now, one in three goods crosses national borders, and more than one-third of financial investments are international transactions. In the next decade, global flows could triple,
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we find that countries with a larger number of connections in the global network of flows increase their GDP growth by up to 40 percent more than less connected countries do. The penalty for being left behind is rising.
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Technological change: The last Kodak moment? | The Economist - 0 views
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Technological change The last Kodak moment?
Neil Postman: Five Things We Need to Know About Technological Change - 0 views
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Neil Postman: Five Things We Need to Know About Technological Change
Dani Rodrik shows why Sub-Saharan Africa's impressive economic performance is not susta... - 0 views
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Africa’s Structural Transformation Challenge
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As researchers at the African Center for Economic Transformation in Accra, Ghana, put it, the continent is “growing rapidly, transforming slowly.”
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Fewer than 10% of African workers find jobs in manufacturing, and among those only a tiny fraction – as low as one-tenth – are employed in modern, formal firms with adequate technology. Distressingly, there has been very little improvement in this regard, despite high growth rates. In fact, Sub-Saharan Africa is less industrialized today than it was in the 1980’s. Private investment in modern industries, especially non-resource tradables, has not increased, and remains too low to sustain structural transformation.
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Why Apple Got a 'Made in U.S.A.' Bug - NYTimes.com - 0 views
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Today, rising energy prices and a global market for computers are changing the way companies make their machines.
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Hewlett-Packard, which turns out over 50 million computers a year through its own plants and subcontractors, makes many of its larger desktop personal computers in such higher-cost areas as Indianapolis and Tokyo to save on fuel costs and to serve business buyers rapidly.
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“It’s important that they get an order in five days,
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Wonkbook: Should high schoolers be reading Executive Order 13423? - geneell@gmail.com -... - 0 views
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More than 25% of U.S. technology companies have at least one foreign-born founder, a majority of Silicon Valley startups have a foreign-born founder, and 40% of Fortune 500 companies were created by an immigrant or first-generation American.”
Emerging Technologies Conference at MIT - 0 views
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