Saturday, January 31, 2015

Lead, Kindly Light

From Jesse's Cafe:

Two versions based on John Henry Newman's famous poem, Lead Kindly Light.




“May He support us all the day long, till the shades lengthen and the evening comes, and the busy world is hushed, and the fever of life is over, and our work is done.

Then in His mercy may He give us a safe lodging, and a holy rest, and peace at the last."

J. H. Newman
http://jessescrossroadscafe.blogspot.kr/2015/01/lead-kindly-light.html 

Friday, January 30, 2015

NY Times: How, and Why, Apple Overtook Microsoft

Korean firms including Samsung which has been in mobile phone market longer than Apple, yet has followed Apple's strategy as a nimble fast follower have a lot to learn from Apple's strategy.  I use Apple products, which I prefer over Samsung's.

From NY Times:

When Microsoft stock was at a record high in 1999, and its market capitalization was nearly $620 billion, the notion that Apple Computer would ever be bigger — let alone twice as big — was laughable. Apple was teetering on bankruptcy. And Microsoft’s operating system was so dominant in personal computers, then the center of the technology universe, that the government deemed the company an unlawful monopoly.
This week, both Microsoft and Apple unveiled their latest earnings, and the once unthinkable became reality: Apple’s market capitalization hit $683 billion, more than double Microsoft’s current value of $338 billion.
At Apple’s earnings conference call on Tuesday, its chief executive, Timothy D. Cook, called the quarter “historic” and the earnings “amazing.” Noting that Apple sold more than 34,000 iPhones every hour, 24 hours a day, during the quarter, he said the sheer volume of sales was “hard to comprehend.”
 
A far more subdued Satya Nadella, Microsoft’s chief executive, who is trying to transform the company and reduce its dependence on the Windows operating system, referred to “challenges.” Microsoft’s revenue was barely one-third of Apple’s, and operating income of $7.8 billion was less than a quarter of Apple’s. Microsoft shares dropped over 9 percent as investors worried about its aging personal computer software market.
Robert X. Cringely, the pen name of the technology journalist Mark Stephens, told me this week that when he interviewed Microsoft’s co-founder, Bill Gates, in 1998 for Vanity Fair, Mr. Gates “couldn’t imagine a situation in which Apple would ever be bigger and more profitable than Microsoft.”
“He knows he can’t win,” Mr. Gates said then of the Apple co-founder Steve Jobs.
 
But less than two decades later, Apple has won. How this happened contains some important lessons — including for Apple itself, if it wants to avoid Microsoft’s fate. Apple, after all, is now as dependent on the success of one product line — the iPhone accounted for 69 percent of its revenue — as Microsoft once was with Windows.
 
The most successful companies need a vision, and both Apple and Microsoft have one. But Apple’s was more radical and, as it turns out, more farsighted. Microsoft foresaw a computer on every person’s desk, a radical idea when IBM mainframes took up entire rooms. But Apple went a big step further: Its vision was a computer in every pocket. That computer also just happened to be a phone, the most ubiquitous consumer device in the world. Apple ended up disrupting two huge markets.

iPhone Domination




“Apple has been very visionary in creating and expanding significant new consumer electronics categories,” Mr. Sacconaghi said. “Unique, disruptive innovation is really hard to do. Doing it multiple times, as Apple has, is extremely difficult. It’s the equivalent of Pixar producing one hit after another. You have to give kudos to Apple.”
 
Walter Isaacson, who interviewed Mr. Jobs for his biography of the Apple co-founder and chief executive, said: “Steve believed the world was going mobile, and he was right. And he believed that beauty matters. He was deeply moved by beautiful design. Objects of great functionality also had to be objects of desire.”
Like many successful companies, Microsoft nurtured its dominant position, but at the risk of missing potentially disruptive innovations. “You have to acknowledge that Microsoft has been successful and it still is,” said Robert Cihra, a senior managing director and technology analyst at Evercore. “But clearly, they’ve struggled over how to protect the Windows franchise while not having that hold them back in other areas. I think even Microsoft would agree that they’ve been too concerned with protecting Windows over the years, to their detriment.”
 
By contrast, “Steve ingrained in the DNA of Apple not to be afraid to cannibalize itself,” Mr. Isaacson said. “When the iPod was printing money, he said that someday the people making phones will figure out they can put music on phones. We have to do that first. Now, what you’re seeing is that the bigger iPhone may be hurting sales of iPads, but it was the right thing to do.”
Mr. Cihra agreed: “Apple laid waste to its iPod business. They’re happier selling 74.5 million iPhones than they would be even if they still were selling that many iPods, which they wouldn’t be anyway because someone else would have cannibalized them.”
 
Microsoft has repeatedly tried to diversify, and continues to do so under Mr. Nadella. But “it’s been more of a follower whereas Apple has been more of a trendsetter, trying to reinvent an industry,” Mr. Sacconaghi said.


 
James B. Stewart, on CNBC, discusses why Apple became twice as big as Microsoft. One reason: Apple’s willingness to “destroy” its own products in the interest of innovation.
Video by CNBC on Publish Date January 30, 2015.                           

 
http://www.nytimes.com/2015/01/30/business/how-and-why-apple-overtook-microsoft.html?_r=0

David Stockman : "Obama Is Clueless On Inequality," "The Problem Is The Fed"

Unfortunately, the similar argument can apply to the Korean situation in terms of the ral causes behind the growing income disparity.  I have dealt with this issue in my books too.  Policy does matter.

From Zero Hedge:

Echoing Elliott's Paul Singer's "greatest irony of politicians railing against inequality," former Reagan OMB Director David Stockman raged that when it comes to inequality, everyone can see the symptom, but "President Obama is clueless as to the cause," blasting that the problem is not capitalism, "the problem is in the Eccles Building and the 12 people sitting there thinking that zero interest rates are some magic elixir that will cause this very toubled economy to revive.! It won't, "these people are dangerous and destructive," Stockman exclaims, and sooner or later the inequality they have created is going to cause a huge political reaction.

http://www.zerohedge.com/news/2015-01-30/obama-clueless-inequality-david-stockman-rages-problem-fed

Thursday, January 29, 2015

The Art of Electronics 3rd Edition

From Adafruit blog:

The third edition features enough new info that’s it’s worth buying. Here’s the description from the Art of Electronics folks themselves:
At long last, here is the thoroughly revised and updated third edition of the hugely successful Art of Electronics. It is widely accepted as the best single authoritative book on electronic circuit design. In addition to new or enhanced coverage of many topics, the Third Edition includes: 90 oscilloscope screenshots illustrating the behavior of working circuits; dozens of graphs giving highly useful measured data of the sort that’s often buried or omitted in datasheets but which you need when designing circuits; 80 tables (listing some 1650 active components), enabling intelligent choice of circuit components by listing essential characteristics (both specified and measured) of available parts. The new Art of Electronics retains the feeling of informality and easy access that helped make the earlier editions so successful and popular. It is an indispensable reference and the gold standard for anyone, student or researcher, professional or amateur, who works with electronic circuits.
http://blog.adafruit.com/2015/01/29/breaking-news-the-art-of-electronics-3rd-edition-by-horowitz-hill-hardcover-third-edition/

Gorbachev Slaming US 'Triumphalism' For "Turning Cold War 'Hot'"

From Zero Hedge:

In November of last year, Mikhail Gorbachev first warned "the world is on the brink of a new Cold War." Then around the turn of the year he escalated his warning, fearing "a war of this kind could lead to a nuclear war," hoping that no one "loses their nerve in this overheated situation." Today, in an interview with Russian news agency Interfax, the 83-year-old former Soviet leader, asks "have they lost their minds?" raging that "the U.S. has already dragged us into a new Cold War, trying to openly implement its idea of triumphalism," warning that "the 'cold' war will "lead to a 'hot' war," concluding "The U.S. has been totally 'lost in the jungle' and is dragging us there as well."
 
http://www.zerohedge.com/news/2015-01-29/theyre-out-their-minds-gorbachev-slams-us-triumphalism-turning-cold-war-hot

Wednesday, January 28, 2015

Robert Johnson: Davos Man Fears Social Instability Due to Inequality and Injustice

I've been addressing the issues of income inequality and social cohesion in my books as well.  What concerns us is that consequences of the economic debacle would be not only economic difficulty but social decline.

From Jesse's Cafe:


Monday, January 26, 2015

Self-driving cars to hit German Autobahn

From The Local:

A section of the A9 Autobahn in Bavaria will be converted into a test route for self-driving cars, Transport Minister Alexander Dobrindt said on Monday.

"We will set up a test stretch on the A9 Autobahn" Dobrindt told the Frankfurter Allgemeine Zeitung in an interview, adding that the first steps towards the "Digital Testing Ground Autobahn" project would be taken this year.

Under Dobrindt's plan, the upgraded road will offer infrastructure allowing the cars to communicate with the road and with other vehicles around them.

"Cars with assisted driving and later fully-automated cars will be able to drive there", Dobrindt said.

"The German car industry will also be able to be world leaders in digital cars".

He added that "German manufacturers won't rely on Google" - the current leader in the field – to produce their own self-driving vehicles.


http://www.thelocal.de/20150126/self-driving-cars-to-hit-german-autobahn

NY Times: Middle Class Shrinks Further as More Fall Out Instead of Climbing Up

From the New York Times:

The middle class that President Obama identified in his State of the Union speech last week as the foundation of the American economy has been shrinking for almost half a century.

In the late 1960s, more than half of the households in the United States were squarely in the middle, earning, in today’s dollars, $35,000 to $100,000 a year. Few people noticed or cared as the size of that group began to fall, because the shift was primarily caused by more Americans climbing the economic ladder into upper-income brackets.

But since 2000, the middle-class share of households has continued to narrow, the main reason being that more people have fallen to the bottom. At the same time, fewer of those in this group fit the traditional image of a married couple with children at home, a gap increasingly filled by the elderly.

Screen Shot 2015-01-26 at 10.17.50 AM

http://www.nytimes.com/2015/01/26/business/economy/middle-class-shrinks-further-as-more-fall-out-instead-of-climbing-up.html?partner=rss&emc=rss&_r=1

Saturday, January 24, 2015

An Eternal Reminder To a Power Drunk Generation, A Telescope Into the Vista of Eternity

From Jesse's Cafe:

"Just then a lawyer stood up to test Jesus. ‘Teacher,’ he said, ‘what must I do to inherit eternal life?’ And Jesus said to him, ‘What is written in the law? What do you read there?’ And the lawyer answered, ‘You shall love the Lord your God with all your heart, and with all your soul, and with all your strength, and with all your mind; and your neighbour as yourself.’ And Jesus said to him, ‘You have given the right answer; do this, and you will live.’

But wanting to justify himself, he asked Jesus, ‘And who is my neighbour?’

As you know, this passage above is the introduction to one of the greatest and most memorable of the parables from our Lord's own lips while He walked on earth, that story of The Good Samaritan. And the introductory passage itself is therefore sometimes overlooked, but it ought not to be. "Do this, and you will live."


Our Lord did not offer us an exemption from sin if we call on His name, but forgiveness if that request is offered in true repentance, a recognition of our fault, and faith. Otherwise calling on His name would be in the manner of an incantation and a compulsion, and not a plaintive call for His forgiveness with a right and repentent heart. "Not every one that says unto me, Lord, Lord, shall enter into the kingdom of heaven; but he that does the will of my Father who is in heaven."

It might be better to have been born without any knowledge of His word and His commandments, perhaps even naturally sinful through a lack of courage and soulful disregard, than to hear His words and His most solemn commandments, and then hypocritically parade in them and His sacraments, with even intricate invocations of His holy name on your lips, as a call to hatefulness, pride, division, self-justification, and oppression.

For the first is the natural state of man, and weakness of the human condition, that might still hold out some hope of forgiveness and redemption, if the heart does not become too self-possessed and hardened through wickedness.

But for those who take great pains to drape themselves in the words of God and his faithful, in order to satisfy their own lust for power, righteousness, and superiority, dealing out hate, violent words, and scandal to others from their fearful and hardened hearts, there will be much less chance of forgiveness.


For this is the sin against the Spirit, about which our Lord himself warned when He walked on this earth. It is not ignorance or weakness, but rather a willful distortion and perversion of the Word that gives scandal to others and spreads hatefulness.


I am speaking now, directly, to those who embrace hatred and spread thoughts of violence and repression in the name of God, giving scandal to His faithful on earth.


And I am not speaking merely of murder, and the more obvious atrocities that fanatics may commit in His name. No these are terrible enough. But I am speaking to those who stoke the fires of hatefulness, and violent words, gossip and namecalling, insults and hardness towards their brothers and sisters in this world, smugly asking, Who is my neighbor?


And you know who you are, if you are not already completely dead to the Spirit.

Even a dog can love its offspring, and gratefully lick the hand of the master that feeds it. But if you cannot love who may not have offended you but who do not deserve it, who you do not know or whom you look down upon, for the sake of the Lord, and give a reverent obedience to His two great commandments, then you may be truly lost, and perhaps even beyond any sorrow and reparation, God forbid this, in the life to come.


I caution you today, to look into your own hearts, and especially if you think you are without sin, to beg God to open your eyes, to chastise your conscience, to show you the many times you have wronged Him, and not been one of His faithful servants. For no one is good, but God.

It is better to do this now, and to open your hearts and minds to forgiveness, that to persist in your stiff-necked pride, until a time when you hear the awful truth.


Pray for each other, and especially for those who may try you, or tempt you in any way to anger or violence. But try even harder to not look about judging others, and feeling satisfied with yourself. For the love in your own hearts has grown cold, and selective, prideful and chastising of others. Do not compare yourself to this one or that one, to justify yourself in your own eyes. Pray for others, and judge only yourself, weighing your own conscience carefully in these perilous times, setting God and not yourself as the judge of your own righteous action.


When you have a hard thought or a harsh judgement for one of your brothers and sisters, pray for them. Make yourself pray for them at each and every temptation to hatred and self-justification, for whatever sinfulness and weakness you may see in them, you have it in you. I can assure you that if you commit yourself to doing this, every day and at the moment that such a hard thought may occur, it will at the very least keep you prayerful and well occupied.


We must do this, and be especially vigilant for our own souls and actions. For His people are under a tremendous assault. This truly is a generation made drunk with the will to power, that has been foretold for these dark times. Do not worry so much about the wealth you may have on this earth, that you forget the only real and lasting possessions you may take with you to the next.
Don't worry about what they do, how they worship. Don't worry about what I do, and what I think. Rather, Let each person concern themselves with what they do, and how well they respond to their own call from God. Examine your own actions and thoughts and behaviours first and foremost. For you will not be called upon to answer for what they do, but what you have done. Before you dare to try to convert and persuade and argue with anyone else, first make yourself perfect, so that they might be drawn to goodness by your very example.

And may God have mercy on those who provide scandal to their neighbors, and their own children and grandchildren, and then see their sufferings in the days to come, because of their own willfulness, stubborn greed and foolish pride.




 

내수·수출 버팀목 흔들.. '저성장의 늪' 못 벗어나는 한국

I have pointed out this conundrum all along.  Korea has to transition to normal development by transforming the economic model with more focus on domestic consumption.  I don't think the current administraion sees this issue central to revitalizing the Korean economy.

문화일보로부터:

수출, 3·4분기 연속 逆성장 中·EU 부진… 低유가 가속 올 수출·건설 '먹구름' 예고

내수와 수출이라는 두 가지 버팀목이 모두 흔들리면서 한국 경제가 저성장의 늪에서 허우적거리고 있다. 올해도 가계부채와 미국 기준금리 인상, 중국 등 신흥국 경기회복세 둔화, 유럽연합(EU) 경기 부진 등 한국호가 헤쳐 나가야 할 암초가 산적해 있다.

한국은행이 23일 발표한 '2014년 4분기 및 연간 국내총생산(GDP) 속보치'에 따르면 지난해 민간소비는 세월호 침몰 사건이 터진 2분기에 전기대비 -0.3%로 역성장했다. 이후 3분기에 1.0% 늘어나며 회복하는 듯했으나 4분기에 0.5%를 기록하며 반 토막이 났다. 한은이 기준금리를 2차례 낮춘 지난해 10월 이후 가계부채가 급증한 것이 민간소비 둔화에 영향을 미쳤다. 또 결혼을 피하는 윤달(10월 24일∼11월 22일)이 지난해 4분기에 들어간 것도 민간소비를 둔화시켰다. 한은은 윤달로 인해 지난해 4분기 결혼 건수가 1만5000건가량 줄어든 것으로 추산했다.

수출이 지난해 2개 분기 연속 역성장한 것도 한국 경제의 발목을 잡았다. 재화수출은 지난해 4분기에 전기대비 0.6% 감소하면서 3분기(-2.8%)에 이어 2개 분기 연속 줄었다. 재화수출이 2개 분기 연속 감소한 것은 지난 2001년 2분기 이후 13년 6개월 만에 처음이다. 이처럼 수출이 감소한 것은 한국 수출의 26%를 차지하고 있는 중국의 경기가 둔화된 때문으로 한은은 분석했다. 수출 감소로 지난해 순수출의 성장기여도는 0.5%포인트에 그치면서 2013년 성장기여도(1.5%)의 3분의 1 수준으로 떨어졌다.

문제는 올해도 내수나 수출 모두 개선을 바라보기에는 사정이 열악하다는 점이다.

http://media.daum.net/economic/others/newsview?newsid=20150123142109718


S. Korea's Q4 economic growth slowest in over 2 yrs

From Yonhap:

The South Korean economy expanded at the slowest pace in more than two years in the fourth quarter, central bank data showed Friday, raising concerns over faltering growth.
Asia's fourth-largest economy grew 0.4 percent during the October-December period, sharply decelerating from the 0.9 percent on-quarter growth in the July-September period, according to the Bank of Korea (BOK). The figures are seasonally adjusted.
The fourth-quarter expansion marks the lowest on a quarterly basis since the 0.4 percent gain in the third quarter of 2012.
The central bank attributed the lackluster growth mainly to flagging exports.
Exports of goods slipped 0.6 percent in the fourth quater from three months earlier, falling for a second straight quarter, according to the central bank. Exports are the country's key driving force for growth.
"But with slowing shipments to China, which accounts for roughly 26 percent of all exports, overall growth was sluggish," said Jung Yung-taek, the director general of the BOK's economic statistics division.
Jung said the central bank is closely monitoring as key industries, with the exception of semiconductors, are "being quite challenged."

http://english.yonhapnews.co.kr/business/2015/01/23/43/0503000000AEN20150123001152320F.html

What Is Happening to US Manufacturing?

From Zero Hedge:

Despite President Obama’s emphatic assurances in the State of the Union Address that “our economy is growing and creating jobs at the fastest pace since 1999,” there have recently been some uncomfortable squiggles, so to speak.
The collapse in the prices of oil, natural gas, and natural-gas liquids has started to make its imprint on the largest hydrocarbon producer in the world, namely the US of A. Oilfield layoffs and project cancellations are raining down on the oil patch on a daily basis. Suppliers are hit too. Many energy stocks are in the process of evisceration. Energy junk bonds are in a rout.
But consumers love it – those who aren’t losing their jobs over it – because they spend less on fuel. Consumers are voters. So politicians love it because voters love it. Hence, it’s good for the economy. I get that.
These sorts of squiggles have been worming their way into national numbers. For example, Markit’s Services PMI for December dropped to 53.3, down for the sixth month in a row, after having peaked in June. This was “not just a one-month wobble,” the report said, as the economy “lost significant growth momentum at the close of the year.” But it remained above 50, the dividing line between expansion and contraction. It’s still an expansion, and “growth is merely slowing from an unusually powerful rate rather than stalling.”
The Manufacturing PMI for December fell to 53.9, down for the fourth month in a row, from the peak in August. Production volumes rose at the weakest pace in 11 months. Same song: Still a “solid expansion,” but at a slower pace. Turns out, “uncertainty towards the global economic outlook had contributed to slower production growth and softer new business gains during recent months.”
The ISM Purchasing Managers Index fell sharply in December, down for the second months in a row, but still in expansion mode. Other indicators piled on as well: on a national basis, the economy seems to be humming along and expanding, but at a slowing pace.
Then comes along the Southeast manufacturing PMI, by the Kennesaw State University Econometric Center, that the Atlanta Fed uses. It covers Alabama, Georgia, Florida, Louisiana, Mississippi, and Tennessee. And in December, it plunged 12.7 points to 45.6.
Below 50. Not “slowing growth,” but an outright contraction. Decembers can be crummy in the Southeast, and these kinds of indices can be volatile, but this was the worst month since December of crisis-year 2009.
And it was crummy across all sub-indices:
US-Southeast-PMI-2012-2014-Dec
  • New orders plunged a breath-taking 27 points to 34, blowing with some panache through the magic 50-point mark. Orders essentially evaporated; a harbinger for what might happen next.
  • Production dove 19.8 points to 40, a steep contraction.
  • Employment dropped 10.6 points to 54, remaining in expansionary mode.
  • Supply deliveries fell 7.3 points to 50, the flat line.
  • Finished inventory edged up 1.2 points, also to 50.
  • Commodity prices dropped 10.4 points to 42, in contraction.

Forbes: Duolingo For Schools Is Free, And It May Change The EdTech Market

From Forbes:

Duolingo for schools offers a window into the future of education technology. It shows us how interactive digital technologies can be used to create a more equitable educational landscape, not just in the U.S., but globally. It reminds us why we all bought into these networked technologies in the first place. Data-driven solutions don’t have to be all about corporate growth, they can also be about creating innovative ways to improve humanity’s lived experience in the world.
Sixty million people are now signed up to use Duolingo–the simple, gamified, adaptive language teaching app for smartphones and web browsers. Twenty million of them are currently active users. According to Duolingo, that means there are more people using the platform to learn languages than there are in the entire U.S. public school system.

http://www.forbes.com/sites/jordanshapiro/2015/01/08/duolingo-for-schools-may-change-the-edtech-market/

Monday, January 19, 2015

What the History of Silicon Valley Teaches

From Foreign Affairs:

In the grand scope of human history, technological progress is actually a surprisingly new phenomenon. While there had always been the occasional new invention or technological breakthrough, it wasn’t until the Industrial Revolution that sustained technological progress became a reality—and, with it, the possibility of steadily rising living standards. For most of the past two centuries, that progress was most visible in the industrial and agricultural realms. But over the past 60 years or so, the lion’s share of innovation has come from a single sector: what is now loosely called “information technology.” When thinking about innovation in the United States today, the first (and sometimes only) place that comes to mind is Silicon Valley. In the simplest sense, Walter Isaacson’s The Innovators explains how that happened and, in the process, sheds some interesting light on what drives innovation more generally.

http://www.foreignaffairs.com/articles/142590/james-surowiecki/thinkers-and-tinkerers

Midlle Class Going Extinct, while The Richest 1% Are About To Owning Over Half Of Global Wealth

From Zero Hedge:

Below is a chronological progression of the famous Credit Suisse global wealth pyramid showing a disturbing trend. Try to spot it.
2010:


2011:


2012:


2013:


2014:


Still not clear? The following two charts should help:



In short: the rich get richer; the poor get poorer, and the middle class is going extinct.

http://www.zerohedge.com/news/2015-01-19/spot-trend-richest-1-are-about-own-over-half-global-wealth

An Illustrated Guide to Wearable Components

From Makezine:

Bodies aren’t static, they don’t have straight lines, and after a while they tend to get dirty. So wearable systems embedded in garments and accessories have to be robust, flexible, and, ideally, washable (or at least removable). Here’s a look under the hood — or hoodie, as it were — at the main components of wearable devices.

Illustration by Rob Nance
Illustration by Rob Nance

1. Control

Wearable-specific microcontrollers are small, so as to be comfortable and discrete. On the other hand, the distinctive shapes and colors can function as a decorative element. Several of the boards available are hand-washable (minus the power source). Read the documentation carefully.

2. Input/Output

In place of pins, these boards have metal eyelets which you can loop conductive thread through to sew soft circuit connections. Some boards also have snaps — or eyelets large enough to solder on snaps — for easy removal.

3. Conductive Textiles

A material containing metals, such as silver or stainless steel, through which an electrical current can flow is said to be conductive. Wearable systems can make use of these materials in a variety of ways, such as:
  • Thread for making circuits
  • Fabric for capacitive touch sensors
  • Hook-and-loop for switches

4. Sensors

Sensors gather information about the environment, the user, or both. Examples of the former include light, temperature, motion (ACC), and location (GPS). Examples of the latter include heart rate (ECG), brain waves (EEG), and muscle tension (EMG). A few wearable microcontrollers have basic sensors onboard. Other manufacturers offer a range of external sensor modules that connect to the main board.

5. Power

When scoping out a wearable design one of the first things to consider is the power requirement. Do you just want to illuminate a few LEDs, or do you want to run a servomotor? Boards with an integrated holder for a lithium coin battery are nice for low-power projects that need to be self-contained. However boards with a standard JST connector (with or without a circuit to charge LiPo batteries) are more versatile.

6. Actuators

One generic way to describe a wearable system is: In response to X, where X is the input from a sensor, Y happens. Actuators such as LEDs, buzzers or speakers, and servomotors are what make things happen.

7. Networking

To communicate with smart devices, the internet, or other wearable systems, you need wireless connectivity. In addition to wi-fi and Bluetooth, wearable-friendly options include:
  • BLE, which has lower power consumptionthan classic Bluetooth, a range of 50m, and a data transmission rate up to 1 Mbps
  • NFC, a radio frequency field with a range ofapproximately 20cm and data transmission rate up to about 400 Kbps
http://makezine.com/magazine/make-43/under-the-hoodie-a-quick-guide-to-wearables-components/

Richard Koo Crushes The QE Dream

Although to a different degree, this can apply to the monetary policy of Korea.  Korea should learn from Japan's policy undertaking and its consequences.

From Zero Hedge:

Late on Friday afternoon, desparate to relive his mid-October 'world-saving' heroics, The Fed's Jim Bullard unleashed some more Fedspeak aimed at the promise of moar money to save the world (i.e. stocks) if things don't work out. But it is his concluding comment that sparked the most 'keyboard-smashing-angst' for those not buying the spoon-fed omnipotence of the central planners. Bullard stated unequivocally that "the lesson of QE is that it works fairly well." While we are not exactly sure what his definition of 'works' is, as the chart below and Richard Koo's QE-dream-crushing commentary shows, by reflating assets by their hand, the central planners are putting the cart before the horse... and Japan is a perfect example of the vicious economic spiral that leads to...
First, let's look at how well QE has worked...
  • *BULLARD SAYS LESSON OF QE IS IT WORKS 'FAIRLY WELL'
Hhhhmmm... for whom?


As Richard Koo explains...there is a loss of confidence in Japan’s growth potential:
 
The percentage seeing “greater potential to grow” slipped from 3.3% in June to 3.1% in September and just 2.9% in December.

Meanwhile, the percentage who think the economy has “less potential to grow” rose from 46.1% in June to 49.2% in September and 53.4% in December.
Have people recognized how unreasonable the reflationists’ arguments are?

Mr. Kuroda and his fellow reflationists in academia have argued that if the portfolio rebalancing effect of quantitative easing pushes up asset prices, the owners of those assets will grow richer and spend more money, thereby boosting the economy.

Ordinarily, it is improvements in an economy’s growth potential that boost asset prices by enhancing the expected profitability of those assets.

In the BOJ’s scenario, however, it is the central bank that forces asset prices higher to enhance the economy’s growth potential.

I think the survey findings confirm a realization among the general public that there is a fundamental problem with that argument, that the BOJ is putting the cart before the horse.
* * *
So there we have it... clear as crystal in words and pictures - printing money to reflate assets in the hope it boosts the economy is fallacious at best and utterly disastrous at worst.

http://www.zerohedge.com/news/2015-01-17/richard-koo-crushes-qe-dream-1-brief-paragraph

Saturday, January 17, 2015

Your House Is Now Yours

From Jesse's Cafe:

"O Jerusalem, Jerusalem, you who murder your prophets, and persecute those whom God has sent as messengers to you.

How often I have longed to gather your children together, as a hen gathers her young under her wings. But you would not let me.

As you have willed, your house is now
yours— but is made desolate.’”
We persecute our heroes and murder our prophets, to still the voice of conscience. So that in our arrogance, we can have our way.

And in our overwhelming hypocrisy, we may give them a parade, and a day.

Martin Luther King gave his last public words on 3 April 1968 at the Church of God in Christ, in Memphis, Tennessee.

On 4 April 1968, Dr. Martin Luther King, Jr. was murdered by 'a lone gunman.'

This was one year, to the day, after he gave his famous sermon A Time to Break Silence, delivered 4 April 1967, at Riverside Church, New York City. A short excerpt from that is included below.

His death was intended not only as the silencing of a fateful voice. This was no coincidence, but a message.
And there is little doubt that he knew, he knew he was going to be murdered by the darkness of this world for obeying his conscience, and speaking the truth to power, as he received it from the deepest recesses of his heart.
And so after decades of war, a military proliferation unparalleled in history, and the quest for power and riches, our house is now ours-- and is being made desolate.
Even if it is a powerful few who have blood on their hands, we are complicit by our apathy and in our silence, in the face of terrible injustice.
God have mercy, not on him, but on us. He has done his duty and has found peace, and a rest at last.






Friday, January 16, 2015

Japan Set To Surpass China As America's Largest Creditor

Again, one needs to look into geopolitical issues to understand Asian Tigers' rapid economic rise, especially its unique relationship with the U.S.  Why Japan, Korea, and China have bought U.S. treasuries (i.e., U.S. debt) in the first place?

From Zero Hedge:

When it comes to America's foreign creditors, only two names matter (except for Belgium whose Euroclear service continues to be used by an anonymous entity(s) to buy up US Treasurys): Japan and China. And it is in the Treasury buying and selling dynamics of these two entities that we can see how Japan's monetary policy has impacted its holdings of US paper, which just hit a new all time high of $1,242 billion, while on the other hand Beijing's official holdings of Treasurys have remained unchanged since the summer of 2011, and which in July declined yet another month to just $1,250 billion, the lowest since January 2013.
In fact, as the chart below shows, thanks to Abenomics, in the past two years Japan's holdings of US paper have soared by $150 billion, as the BOJ has forced pension funds, banks and citizens to chase higher yielding US paper, while Chinese holdings haven't budged by an inch.

At this rate, look for a historic inversion next month when the December TIC data is released and which, all else equal, will show that for the first time since the financial crisis, China will no longer be America's largest creditor, a spot that will be taken over by insolvent Japan.
Yes, the same Japan which as we showed before, is forced to monetize all of its own gross treasury issuance or else suffer a completely bond market collapse.

http://www.zerohedge.com/news/2015-01-16/japan-set-surpass-china-americas-largest-creditor

Google's self-driving car to be equipped with LG battery

From Yonhap:

LG Electronics Inc. said Thursday it will supply battery packs to the self-driving cars to be launched by U.S. Google Inc. a move that wil certainly help South Korea's No. 2 tech giant tap deeper into the automobile industry.
"We have been conducting various projects with Google as a strategic partner. Our automotive technology will now be applied to Google's self-driving cars," an LG official said.
A battery pack is a set of any number of individual battery cells.
Google said it will also partner with U.S. automaker General Motors Co., Japan's Toyota Motor Corp., Germany's Volkswagen AG and Daimler AG, and join forces with chipmaker Nvidia Corp. and German automotive technology giant Bosch as well.
Earlier this month, LG said its chief has discussed possible business tie-ups with the head of Mercedes-Benz. The company launched the Vehicle Components Division by regrouping its business sectors in 2013 in line with its efforts to tap new sources of profits.

http://english.yonhapnews.co.kr/business/2015/01/15/87/0501000000AEN20150115009900320F.html

Thursday, January 15, 2015

The Greek Bank Runs Have Begun: Two Greek Banks Request Emergency Liquidity Assistance

From Zero Hedge:

The bad news is that as we also speculated, and as Greek officials tried to cover up as usual, the Greeks have resumed doing what they do best any time their country is facing a grand crisis: walking to the bank and withdrawing what little deposits they have left. Or rather running to the bank. Which brings us back to the topic of the Emergency Liquidity Assistnace, which as Kathimerini reported moments ago, at least two Greek systemic banks have reportedly resorted to, indicating that the liquidity situation in Greece is once again as dire as it was in the depth of the European collapse.

http://www.zerohedge.com/news/2015-01-15/greek-bank-runs-have-begun-two-greek-banks-request-emergency-liquidity-assistance

Wednesday, January 14, 2015

Open Source Hardware Advances Science,Technology

From EETimes:

On June 12, 2014 Elon Musk caused a stir by announcing Tesla's decision to open its patents. To many, Tesla's bold move signaled the beginning of an era and an open call for open source.
In that same blog entry Musk writes, "Technology leadership is not defined by patents, which history has repeatedly shown to be small protection indeed against a determined competitor, but rather by the ability of a company to attract and motivate the world’s most talented engineers."

Developments in open source are not just exciting as viable and marketable options, but as a real boon for innovation. Growing interest along with shared goals to create and better developments in science and technology inspired a team at CERN to create the Open Hardware Repository and Open Hardware License. Additionally, open source hardware groups hope to inspire more people from diverse backgrounds to join the innovation.

http://www.eetimes.com/document.asp?doc_id=1325131

Man Saves Wife’s Sight by 3D Printing Her Tumor

From Makezine:

The summer of 2013 found Michael Balzer in good health. A few years earlier, he’d struggled with a long illness that had cost him his job. As he recovered, he built an independent career creating 3D graphics and helping his wife, a psychotherapist named Pamela Shavaun Scott, develop treatments for video game addiction. Balzer’s passion is technology, not medicine, but themes of malady and recovery have often surfaced during his digital pursuits. But Balzer didn’t feel the full impact of that connection until that summer, shortly after he launched his own business in 3D design, scanning, and printing. In August 2013, just as the new venture was getting off the ground, Scott started getting headaches.
It might have been nothing, but Scott had gotten her thyroid removed a few months earlier, so the pair had been keeping an especially close eye on anything that might have indicated a complication. Balzer pestered his wife to get an MRI, and when she finally agreed, the scan revealed a mass inside her skull, a three-centimeter tumor lodged behind her left eye. They were understandably terrified, but neurologists who read the radiology report seemed unconcerned, explaining that such masses were common among women, and suggested Scott have it checked again in a year.
That didn’t sit well with Balzer. Scott’s recent thyroid surgery had taught them that getting the best care requires being proactive and
Lodged just behind Scott's left eye was a three-centimeter tumor
Lodged just behind Scott’s left eye was a three-centimeter tumor
 extremely well informed. A typical thyroid removal is performed via a large incision across the throat that requires a long, uncomfortable recovery and leaves a big scar, but when he and Scott began looking for alternatives, they discovered that she could avoid all that if they traveled from their home in California to the Center for Robotic Head and Neck Surgery at the University of Pittsburgh Medical Center. There, surgeons perform delicate procedures with a robotic arm that scales down their movements, making them smaller and more precise than what the human hand is capable of alone. The experience familiarized Balzer and Scott with both the cutting edge of medical technology and the importance of doing their own research. So although the first doctors told them to wait, Balzer and Scott sent the MRI results to a handful of neurologists around the country. Nearly all of them agreed that Scott needed surgery.

http://makezine.com/magazine/hands-on-health-care/

Gallup CEO Blasts US Leadership "The Economy Is Not Coming Back"

From Zero Hedge:

The U.S. now ranks not first, not second, not third, but 12th among developed nations in terms of business startup activity as Gallup CEO Jim Clifton rages, for the first time in 35 years, American business deaths now outnumber business births. Wall Street, Clifton explains, needs the stock market to boom, even if that boom is fueled by illusion. So both tell us, "The economy is coming back." Let's get one thing clear, he exclaims, "this economy is never truly coming back unless we reverse the birth and death trends of American businesses."

Until 2008, startups outpaced business failures by about 100,000 per year. But in the past six years, that number suddenly turned upside down. There has been an underground earthquake. As you read this, we are at minus 70,000 in terms of business survival. The data are very slow coming out of the U.S. Department of Census, via the Small Business Administration, so it lags real time by two years.
Net Number of New U.S. Firms Plummets
Business startups outpaced business failures by about 100,000 per year until 2008. But in the past six years, that number suddenly reversed, and the net number of U.S. startups versus closures is minus 70,000.
Net Number of New U.S. Firms Plummets

http://www.zerohedge.com/news/2015-01-14/gallup-ceo-blasts-us-leadership-economy-not-coming-back

BlackBerry Shares Crash Back To Earth After Company Denies Samsung Rumor

From Zero Hedge:

In October, BBRY shares spiked (and dumped) on rumors that Lenovo had made an offer. Today, after a detailed report from Reuters explained that Samsung executives had offered to takeover the troubled phone-maker (or whatever they call themselves nowadays) and the stocks spiked up nearly 40% - perfectly running stopw through the mid-Nov highs and squeezing shorts out of the market... and now - after hours - BlackBerry issues a statement denying the whole thing... rigged much?

http://www.zerohedge.com/news/2015-01-14/blackberry-shares-crash-back-earth-after-company-denies-samsung-rumor

Monday, January 12, 2015

Royal Institution’s Christmas Lecture Series on Makers

From Makezine:

The Royal Institution‘s annual Christmas Lectures have been given every year since 1825—except between 1939 and 1942 when lectures were suspended due to the war and ‘the lack of children in London.’
The lectures have always been about introducing a younger audience—11 to 17 year olds—to a subject through ‘spectacular demonstrations.’ However this year’s the lectures, given by Prof. Danielle George, departed from the traditional—they were about the maker movement.
Broadcast in between Christmas and New Year on BBC Four up till now they were only available on BBC iPlayer. However the first of the Christmas Lectures has now been made available on the Ri Channel for those of you in the rest of the world beyond the shores of the British Isles. The second and third lectures will be up shortly.

http://makezine.com/2015/01/12/a-lecture-series-for-the-makers-of-things/

Print Your Own Circuit Boards

From Makezine:

Typically when electrical engineers wants to make a new circuitboard, they need to send their design files to a manufacturer and wait for it to be produced and mailed back. Hardware startup Voltera aims to expedite this process by putting it in on your desk with its V-One consumer circuit board printer.
Winners of the $50,000 TechCrunch “Hardware Battlefield” at CES 2015, the Haxlr8r alumnus Canadian team has created a stylish printer that uses a silver nanoparticle conductive ink to lay traces on a standard FR-4 board. The printer can also place an insulating layer over the traces to allow for two-layer circuits, and also offers a solder paste option to allow makers to reflow surface-mount components onto existing boards.

 


http://makezine.com/2015/01/09/print-your-own-circuit-boards-and-reflow-smd-components-with-the-voltera-v-one/

Friday, January 9, 2015

A Virtuous Life Is Found In Kindness, Tolerance, and Reason

From Jesse's Cafe:

One thing that is striking about the modern life is how unfashionable it has become to strive towards what used to be called gentlemanly behaviour. Perhaps civility might be a more appropriate label, since gentlemanly tends to invoke an image of the well-to-do, well-dressed, and aloof. Although civility itself is too often cold, a dissembling of rudeness through an overuse of politeness, and politeness often a custom or outward mannerism.

Then let us just say a definition of the virtuous life is one that embraces knowledge, kindness, and tolerance, a humanity fueled not merely by sentiment or a disposition of character, but by reason coupled with a moral sentiment and an abiding regard for others.

It is at heart a question of 'what does it mean to be human?' Not so much what can I do, but what ought I to do? And how do I define or describe ought? And how ought I treat others? Or is it better to define myself by the limits of my own will? Is that what it means to be truly human?

This is fairly basic coming of age stuff, but not so much in a time of the permanently and obsessively adolescent. In a society that worships the self, power is the coin of the realm, where power is to be found in asserting one's own will over others.

And beyond all doubt, kindness and tolerance are to be despised as undermining, weakening the will to power. In power is to be found the definition of all truth, for it dictates all, and does not bend a knee to any other reality but its own interpretation. Might makes right is written large on the tableau of empire.

Even in such a matter as a most terrible and unjust assault committed on those who may have offended uneducated minds, those who rightly rise to the defense of freedom and tolerance, which as a society we should, can do so in the most intolerant, hateful, and unreasonable of manners.

And in doing so they may think themselves virtuous and wise. They attack others with the heavy-handed zealousness of the worst true believers whom they despise, when what they believe is only in their own imagined superiority of belief or unbelief, or color or manner or lifestyle, which is demonstrably the vainest of idols.
So they can say that since these perpetrators were religious in the most extreme sense of their motivation, 'all religion is deserving of insults and disrespect' because it is wrong, and demean and dehumanize all those who think differently than themselves.

They see themselves as not in the least selective or extreme, but are free to insult and disrespect others by abusing their freedom, which in itself may be no real fault. Comedy at its most basic level can often be some abuse of convention or reason, that which shocks our expectations without undue harm.

But then they seem to imagine themselves superior to the worst of those whom they despise, who may act overtly on their similar intolerance and hatred of others. And so they become unfunny, hypocrites and bullies.

It is the very hallmark of a smugly self-absorbed mind to commit the same offense as another, while seeking to call out the faults of the other with the fists of their words, and think themselves virtuous and justified because in the kingdom of their own mind 'they deserve it.'

How then are they different from the undereducated and oppressed who in their own ignorance and relative powerlessness resort to violence? It is like the white collar criminal who thinks themselves morally justified and blameless because they use the pen and the bribe and perversion of justice to steal, rather than the knife or the club.

If there is anything to be learned from all this, it is that we are all capable of enormous hypocrisies and evil, if we think ourselves to be perfect and without fault because we are more than the ordinary human by our superior nature, rising in our own esteem by knocking others flat.

When it is not just a pathological sickness, this is the most deadly of errors, the first fault of pride, and from it flows a cornucopia of all other injustice and abuses. In rationalizing ourselves by dehumanizing others, we can therein comfortably become monsters. And some do.
"It is almost a definition of a gentleman to say he is one who never inflicts pain. This description is both refined and, as far as it goes, accurate...

...his great concern being to make every one at their ease and at home. He has his eyes on all his company; he is tender towards the bashful, gentle towards the distant, and merciful towards the absurd; he can recollect to whom he is speaking; he guards against unseasonable allusions, or topics which may irritate; he is seldom prominent in conversation, and never wearisome.

He makes light of favours while he does them, and seems to be receiving when he is conferring. He never speaks of himself except when compelled, never defends himself by a mere retort, he has no ears for slander or gossip, is scrupulous in imputing motives to those who interfere with him, and interprets every thing for the best. He is never mean or little in his disputes, never takes unfair advantage, never mistakes personalities or sharp sayings for arguments, or insinuates evil which he dare not say out...
If he engages in controversy of any kind, his disciplined intellect preserves him from the blundering discourtesy of better, perhaps, but less educated minds; who, like blunt weapons, tear and hack instead of cutting clean, who mistake the point in argument, waste their strength on trifles, misconceive their adversary, and leave the question more involved than they find it. He may be right or wrong in his opinion, but he is too clear-headed to be unjust; he is as simple as he is forcible, and as brief as he is decisive.

Nowhere shall we find greater candour, consideration, indulgence: he throws himself into the minds of his opponents, he accounts for their mistakes. He knows the weakness of human reason as well as its strength, its province and its limits. If he be an unbeliever, he will be too profound and large-minded to ridicule religion or to act against it; he is too wise to be a dogmatist or fanatic in his infidelity.

He respects piety and devotion; he even supports institutions as venerable, beautiful, or useful, to which he does not assent; he honours the ministers of religion, and it contents him to decline its mysteries without assailing or denouncing them. He is a friend of religious toleration..."

John Henry Newman

 http://jessescrossroadscafe.blogspot.kr/2015/01/a-virtuous-life-is-found-in-kindness.html

Democracy and the threat of revolution: New evidence


From VoxEU:

Some theories suggest that the threat of revolution plays a pivotal role in democratisation. This column provides new evidence in support of this hypothesis. The authors use democratic transitions from Europe in the 19th century, Africa at the turn at the 20th century, and the Great Reform Act of 1832 in Great Britain. They find that credible threats of revolution have systematically triggered pre-emptive democratic reforms throughout history.

http://www.voxeu.org/article/democracy-and-threat-revolution-new-evidence

Thursday, January 8, 2015

CES 2015: A 3D Printer for Electronics



From Makezine:

Voxel8’s 3D printer is a game changer. The dual-head machine outputs plastic in standard FDM style, but also has a conductive paste extruder to allow you to create built-in electronic circuitry into your design. That’s right — 3D printable electronics.
Working with Autodesk, they’ve created software that allows you to specify your desired circuit pathways, as well as the location of the electronic components needed for it. Then it does something really slick: It automatically prints the appropriately sized cavity for the components (along with conductive traces), pauses to allow you to place the components into the spaces, and then continues printing, encapsulating them into the design.
At CES2015, the team demonstrated a fleet of micro quadcopters built using this technique. They’re currently taking preorders for the $9000 machine, and aim to be shipping later this year.

http://makezine.com/2015/01/08/voxel8-demonstrates-its-electronics-capable-3d-printer-at-ces-2015/

Krugman's Japanese Legacy: Record Households On Welfare, Corporate Bankruptcies Soar, Majority Of Households Worse Off

This post indicates a flaw of the mercantilistic approach of the East Asian economies including Japan, Korea, and China, as discussed on many occasions.

From Zero Hedge:

1. The number of households in Japan on welfare hit a record high in October, renewing the record for a 6th straight month.
2 51.1% of Japanese households said they’re worse off compared with year earlier, the most since December 2011, according to Bank of Japan quarterly survey released today in Tokyo.
3. Corporate bankruptcies linked to weak yen rose to a record 345 in 2014 from 130 a year earlier.
 


* * *
In short, one has to be go full-Krugman at this point to conclude that what a Krugman-advised Japan has achieved is anything but utter, abysmal failure, and is on its way to a complete currency devaluation, hyperinflation, economic (and demographic) collapse, and the inevitable outcome: a failed Keynesian state. The good news: what few (irradiated) Japanese are left alive, will have an all time high Nikkei to enjoy, however they will be limited to how many shares they can sell based on the inventory of available wheelbarrows to cart their stock sale proceeds from point A to point B.

Tuesday, January 6, 2015

What 2000, 2008 and 2015 May Have In Common

From Jesse's Cafe:

And they do it about every seven or eight years, it seems, in the modern economic discipline of bubblenometry.
What hath the Fed wrought, and the crony accomplices to Wall Street in the Administration and Congress?

Back to the brink, again. Crouching dangers, hidden risks.
Margin Debt as a percent of GDP is flashing a warning sign as shown in the first chart from Cross-Currents.net.

And the second chart shows that a second indicator could be seen in the stock market performance for the first three days of trading in January, in a chart from Kimblechartingsolutions.com.
As the upper left corner of the second chart reminds us, these 'predictions' are forecasts, with a nod to life's school of probability.
I will like to see what happens for the full month of January for a confirmation, before we start warming up the bear train for a trip downtown. And let's not forget the bubble-making propensities of the keepers of the world's reserve currency, in the age of weaponized finance. Triumphant exceptionalism does not wear a pauper's rags well, although it is perfectly acceptable dress for the trickle down underclass.
This will likely end badly, but timing is always problematic since these breakdowns most often involve a trigger event, or a black swan. But the system is hardly robust, and so the risks are high.