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Contents contributed and discussions participated by Gene Ellis

Gene Ellis

Chief EU scientist backs damning report urging GMO 'rethink' | EurActiv - 1 views

  • Chief EU scientist backs damning report urging GMO ‘rethink’
Gene Ellis

Tax Credit in Doubt, Wind Power Industry Is Withering - NYTimes.com - 0 views

  • Tax Credit in Doubt, Wind Power Industry Is Withering
Gene Ellis

Solar Rises in Malaysia During Trade Wars Over Panels - NYTimes.com - 0 views

  • Solar Rises in Malaysia During Trade Wars Over Panels
Gene Ellis

How Putin Forged a Pipeline Deal That Derailed - NYTimes.com - 0 views

  • How Putin Forged a Pipeline Deal That Derailed
  • The pipeline, known as South Stream, was Mr. Putin’s most important European project, a tool of economic and geopolitical power critical to twin goals: keeping Europe hooked on Russian gas, and further entrenching Russian influence in fragile former Soviet satellite states as part of a broader effort to undermine European unity.
  • The bill that Parliament took up on April 4 was arcane. But it swept aside a host of European regulations — rules that Mr. Putin did not want to abide by — for a pipeline that would deliver gas throughout southern Europe. Continue reading the main story Related Coverage In Diplomatic Defeat, Putin Diverts Pipeline to TurkeyDEC. 1, 2014
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  • In France, the leader of the far-right National Front, Marine Le Pen, recently acknowledged that her party had received a loan for 9 million euros, or about $11 million, from a Kremlin-linked bank.
  • Faced with punishing sanctions, a petro-economy pushed to the brink by plunging oil prices and the wildly gyrating value of the ruble, Mr. Putin this month halted the project.
  • Geological surveys suggested that Bulgaria could be sitting atop an underground ocean of natural gas, enough to be self-sufficient for years, enough to eclipse the advantages of South Stream.
  • On April 4, 2014, soon after Mr. Putin annexed Crimea, Bulgaria’s Parliament gave initial passage to a bill that effectively exempted South Stream from a number of European Union regulations, most important, the one that would have forced Gazprom to allow non-Russian gas to flow through the pipeline.
  • “If I hear one more word about competition, I’m going to freeze your you-know-whats off,” Mr. Putin reportedly shouted.
  • The anti-fracking movement became so broad that in January 2012, Parliament banned not only the extraction of shale gas, but even exploration that would quantify the country’s reserves.
  • When the Bulgarian government refused, the European Union cut off tens of millions of euros in regional development funds.
  • In desperate need of the European funds, the prime minister announced the next day that South Stream would be halted until it had full European Union approval.
  • While “he overreached, and he underestimated the response” to his intervention in Ukraine, said Mr. Gray, the former American diplomat, the Russian leader has been “quite effective” in countries like Bulgaria.“He won a great deal by getting Nabucco stopped,” Mr. Gray said. “Ultimately, his goal is to keep as much control over the former parts of the Soviet empire as possible.”
Gene Ellis

Falling Oil Prices, a Boon to Airlines, Pose a Challenge for Airbus and Boeing - NYTime... - 0 views

  • Falling Oil Prices, a Boon to Airlines, Pose a Challenge for Airbus and Boeing
Gene Ellis

As Robots Grow Smarter, American Workers Struggle to Keep Up - NYTimes.com - 0 views

  • As Robots Grow Smarter, American Workers Struggle to Keep Up
  • Erik Brynjolfsson, an economist at M.I.T., said, “This is the biggest challenge of our society for the next decade.”
  • Americans between the ages of 55 and 64 are among the most skilled in the world, according to a recent report from the Organization for Economic Cooperation and Development. Younger Americans are closer to average among the residents of rich countries, and below average by some measures.
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  • Self-driving vehicles are an example of the crosscurrents.
  • Ad sales agents and pilots are two jobs that the Bureau of Labor Statistics projects will decline in number over the next decade. Flying a plane is largely automated today and will become more so.
  • Telemarketers are among those most at risk
  • More than 16 percent of men between the ages of 25 and 54 are not working, up from 5 percent in the late 1960s; 30 percent of women in this age group are not working, up from 25 percent in the late 1990s.
  • “The answer is surely not to try to stop technical change,” Mr. Summers said, “but the answer is not to just suppose that everything’s going to be O.K. because the magic of the market will assure that’s true.”
Gene Ellis

France Says It Will Ban Uber's Low-Cost Service in New Year - NYTimes.com - 0 views

  • France Says It Will Ban Uber’s Low-Cost Service in New Year
Gene Ellis

Ruble Continues Its Decline in Russia, Despite Interest Rate Increase - NYTimes.com - 0 views

  • Ruble Continues Its Decline in Russia, Despite Interest Rate Increase
Gene Ellis

How Jean Tirole's Work Helps Explain the Internet Economy - NYTimes.com - 0 views

  • How Jean Tirole’s Work Helps Explain the Internet Economy
  • He also said that industries should be regulated differently depending on their distinct characteristics.
    • Gene Ellis
       
      excellent point!
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  • Many Internet companies, for instance, give their products away free, which means that antitrust law built on pricing is irrelevant. But a result is they grow so fast that they can quickly become monopolies.
  • “He’s helping us think about what is one of the greatest challenges of our time, how to deal with what feel like friendly monopolists,” said Tim Wu, a Columbia Law School professor who studies Internet policy and antitrust. “Amazon, Google and the others give us all this stuff for free or lower prices, so we love them, but are they dangerous in ways we don’t always see?”
  • In the 2002 paper with Jean-Charles Rochet, Mr. Tirole defined two-sided markets, or markets that “get both sides on board” by charging more to one set of customers in order to increase demand by others.
  • In the tech industry, it explains why Google, Facebook and Twitter offer their services free – the more people who use them, the more advertisers they can attract. Likewise, Amazon lowered the price of its new phone to 99 cents in part because smartphones succeed when they have a lot of apps – and developers won’t want to build apps for Amazon’s phone unless a lot of people are using it.
    • Gene Ellis
       
      nice example...
  • For regulators, tech companies have been a riddle in part because they do not follow the behavior of typical monopolies: Many do not charge for their products, and companies that offer entirely different products are nonetheless competitors. For instance, Google’s chairman, Eric Schmidt, argued in a speech on Monday that Google’s biggest competitor in search is Amazon and in mobile is Facebook — even though neither one is a search engine.
  • “Inspired by him and others like him, our effort was to try to move beyond the traditional understanding of something like an aluminum cartel who just raised their prices on aluminum and everything got more expensive,” said Mr. Wu, who was a senior adviser to the Federal Trade Commission on antitrust matters.
  • For consumers, the costs include absorbing advertisers’ ad spending by paying more for their products, being tracked and shown personalized ads, and giving up privacy.
  • our end-users do not internalize the impact of their purchase on the other side of the market.”
Gene Ellis

The Great Wage Slowdown of the 21st Century - NYTimes.com - 0 views

  • You can think of Mr. Obama’s argument as falling into two categories (even if he didn’t say so): the reasons that overall economic growth may accelerate, and the reasons that middle- and low-income workers may benefit more from that growth than they have lately.
  • On the growth side of the ledger, both energy and education have been problems.
  • And the number of high-school and college graduates is rising. The financial crisis deserves some perverse credit, because it sent people fleeing back to school, much as the Great Depression did
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  • Yet educational attainment has slowed so much that the United States has lost its once-enormous global lead.
  • the biggest reason to think economic growth may translate more directly into wage gains is the turnabout in health costs. After years of rapid increases, they have slowed sharply in the last three years. Mr. Obama likes to give more credit to the 2010 health care law than most observers do, but he’s not wrong about the trend’s significance.
  • It’s also possible that the forces behind the great wage slowdown – from globalization to our often-sclerotic government to (at least for many workers) technological change – are still more powerful than the positive forces.
Gene Ellis

American and 2 Japanese Physicists Share Nobel for Work on LED Lights - NYTimes.com - 0 views

  • American and 2 Japanese Physicists Share Nobel for Work on LED Lights
  • In Africa, millions of diode lamps that run on solar power have been handed out to replace polluting kerosene lamps.
  • For the same amount of energy consumption, LED bulbs produce four times the light of a fluorescent bulb and nearly 20 times the light of an incandescent bulb.
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  • ED bulbs are also more durable, lasting 10 times as long as a fluorescent bulb and 100 times as long as an incandescent bulb.
  • In 2006 he was awarded the Millennium Technology Prize of one million euros (about $1.3 million) for inventing the first efficient blue-light laser, opening the way for things like Blu-ray players.
Gene Ellis

Reversing the Flow of Oil - NYTimes.com - 0 views

  • Reversing the Flow of Oil
  • “Economically, it means that money that was flowing out of the United States into sovereign wealth funds and treasuries around the world will now stay in the U.S. and be invested in the U.S., creating jobs. It doesn’t change everything, but it certainly provides a new dimension to U.S. influence in the world.”
  • The oil bounty is thanks to modern production techniques including hydraulic fracturing, or fracking, which involves injecting water and chemicals into the ground to crack oil-saturated shale.
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  • Domestic oil production has rocketed by roughly 70 percent over the last six years to 8.7 million barrels a day, and imports from members of the Organization of the Petroleum Exporting Countries have already been cut roughly by half.
  • many oil experts predict that the country’s output will rise to as much as 12 million barrels a day over the nex
  • Shale oil is predominately light, sweet oil, meaning it is low in sulfur content and flows freely at room temperature.
  • United States exports of oil could reach three million to four million barrels a day in a few years, more than most OPEC producers currently provide world markets.
Gene Ellis

Where danger lurks | vox - 0 views

  • Where danger lurks
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