Monthly Archives: June 2017

As we race toward the fourth industrial revolution there will inevitably be tensions between public, private and individual interests. But these should be challenged, rather than shied away from, to minimize displacement, panelists at the World Economic Forum's "Summer Davos" agreed on Thursday.

"The tension between the private sector and the public sector and civil society and each of us individually is a good tension to have," Lauren Woodman, chief executive of NetHope, a consortium of NGO's with a specific focus on technology, as panellists debated the responsibility of government and private business to manage technological advancements.

Private business has faced criticism for the speed at which it has embraced automation, while public bodies are under growing pressure to manage this change in order to safeguard jobs.

"It means that the benefits (of technology) do surface to the top," Woodman told a CNBC panel in Dalian, China.

"Even the process of recognising that there is a gap, and that we have to struggle against that problem, means that we are at least beginning to bring those voices in."

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Technological development will cause tension - and it's a good thing, say 'Summer Davos' execs - CNBC

Police in Cumberland County have a new piece of technology aimed at promoting public safety that many people have only seen in the movies and on television.

On Wednesday, Cumberland County District Attorney David Freed, along with members of local law enforcement, announced the roll out of mobile finger printer ID units in four municipalities.

I dont think it takes too long out on the streets to determine when somebody is not sharing the whole truth or being evasive with their identity, Freed said. Its very important for that police-citizen interaction for the police to know who they are dealing with.

A total of eight units have been provided to Upper Allen Township, Camp Hill, Mechanicsburg and Hampden Township police departments by the Pennsylvania Commission on Crime and Delinquency and the Pennsylvania Chiefs of Police Association at no cost to the departments.

The devices, essentially modified Samsung smart phones equipped with new software and hardware, are able to scan fingerprints and compare them to FBI and Pennsylvania State Police databases to better identify people in the field.

Unfortunately, with todays technology anyone can go on the internet and buy false ID and get your picture on it with all kinds of information, Upper Allen Township Police Chief James Adams said. Sadly, its very popular in a lot of your college communities, but its also very popular with the criminal element.

The device takes about three minutes to scan both databases, which Freed said includes people who have been arrested and processed by law enforcement.

If youve been arrested and processed in Pennsylvania and that has not been expunged, your prints will be in there and it will come back with a hit, Freed said.

The databases do not include people who have been fingerprinted for things like work clearance, according to Pennsylvania State Police Cpl. Adam Reed said.

Its another piece of equipment that I think will make the officers safer, Adams said. As (Freed) alluded to, this type of technology has been seen on TV and in movies for years. People expect that of us. This is just one of many success stories when it comes to technology.

The devices do not retain search records and do not add fingerprints to the database, Freed said.

Philadelphia, Lehigh and Montgomery counties have also implemented the mobile finger print ID devices.

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Cumberland County police roll out finger print ID technology - The Sentinel

THE LIGHTBULB

Its turning into a no good, very bad week for the clean coal technology that Energy Secretary Rick Perry has made a point of emphasis during the White House's Energy Week.

One of the countrys most highly touted "clean coal" projects announced Wednesdaythat it will no longer burn coal. After years of cost overruns and delays, Southern Co. pulled the plug on a once-promising carbon capture and coal gasification projectat a power plant in Mississippi's Kemper County. The project was meant to showcase carbon capture and storage, a process by whichcarbon dioxide emissions fromthe burning of fossil fuels arecollected and stored, usually underground, instead of being sent into the atmosphere.

The company decided it could not surmount the technical challenge of making equipment designed to cool synthetic gas before carbon dioxide is stripped out work. The Posts Stephen Mufson explains more on what happened:

The plant was once held up as an example of promising technologies that could help fight climate change.

In 2014, then-Energy Secretary Ernest Moniz flew to see the plant and declared, I consider seeing this plant a look at the future. Instead, Kemper has imposed financial burdens on tax payers and local households.

Thanks to legislation passed by the Mississippi legislature, Southern has been able to pass along about $800 million of those costs to ratepayers, the company said.

Perry sung adecidedlydifferent tune on carbon capture and storage during Tuesday's White House press briefing, praising the progress being made on the technology. Instead of highlighting the Kemper plant, Perry praised a much less problem-plagued showcase in his home state that he visited in April.

We've already seen the fruits of innovative, clean technology, like CCUS -- carbon capture, utilization and sequestration, Perrysaid Tuesday. The Petra Nova plant, just on the outskirts of Houston, Texas, uses a process to remove 90 percent of the carbon dioxide after coal is burned to generate energy in a clean way.

At first glance, the comments may be a bit baffling, if youve followed Perry up to this point. Perry said no when asked on CNBC last week if the compound captured in CCS -- carbon dioxide -- was the primary control knob for the temperature of the Earth and for climate.

The comment set off a new firestorm of criticism as it appears Perry is increasingly bendinginto the mold of White House chief strategist Stephen K. Bannon and Environmental Protection Agency AdministratorScott Pruitt in their adamancy with which they have dismissed climate-change science.

So it raises the question: Why should the Energy Department highlight the technology when its secretaryisnt convinced carbon dioxide is that primary control knob in warming the atmosphere? (Indeed, one of NASAs top climate scientists described it as just that in a 2010 paper.)

One reason is that captured carbon dioxide has an industrial use. It can be pumped back underground in order to not just store it but to boost the recovery of oil from otherwise difficult-to-reach pockets. With most of the easy-to-get oil, lifted to the surface by its own internal pressure or by water pumped underground, already been recovered, oil companies will have to increasingly rely on so-called enhanced oil recovery in order to keep their reserves stable.

But Perry faces an even bigger incongruity between his rhetoric and actions on carbon capture and storage. The Energy Department budget the Trump administration proposed and Perry defended in Congress would cut funding fromthe Office of Fossil Energy,the office spearheadingCCS research, from $631 million in 2017 to $280 million in 2018 -- a 56 percent cut.

Why praise handiwork of researchers and businesses trying to make carbon capture and storage happen while simultaneously threatening to chop off the head of the office pushing that technology?

POWER PLAYS

-- As President Trump and members of his administration tout American energy dominance during this themed Energy Week, analysts have pointed out that some of the White Houses claims dont add up,write The Post'sSteven Mufson and Chris Mooney.Here are a just a few of the disputed claims from Trumps energy week:

Claim1:The White House said the United States has 20 percent more oil reserves than Saudi Arabia.

Fact: The Energy Information Administration reports that the United States had 32.3 billion barrels as of the end of last year, Mufson and Mooney write, just a small fraction of Saudi Arabias 268 billion barrels.

A senior fellow at the Center for Strategic and International Studies said the White House is building a narrative on false premises. Im disappointed that messaging has overtaken substance here.

Claim 2: Perry, EPA head Scott Pruitt and Interior SecretaryZinke wrote an op-ed asserting that energy dominance is about becoming an energy exporter.

Fact: That could be a ways away. Mufson and Mooney write: The U.S. Energy Information Administration forecast that the United States will become a net energy exporter by 2026 although it could be earlier if oil prices rise, and later if oil prices fall.

Claim3: The White House said the Keystone XL pipeline would support more than 42,000 jobs.

Fact: The State Department reports only 4,000 construction jobs would be created on a temporary basis. Fewer than 100 jobs would be created permanently.

--Yucca moves forward. Despite some waffling from the Trump administration, the House of Representativesisforging ahead with a bill to finally open Yucca Mountain nuclear waste repository.House Energy and Commerce Committee voted 49-4 to send a bill reviving the long-dormant nuclear waste site to the full House.

Sen.Catherine Cortez Masto (D-Nev.) issued a blistering statement following thevote. "It is unjust and unfair to force Nevadans to live next to a nuclear waste dump that could harm both their health and livelihood" she said. "This bill ignores the detrimental impacts to Nevadas communities and economy if Yucca Mountain moves forward." Her Republican counterpart representing Nevada in the Senate, Dean Heller, opposes the project as well.

After emphasizing the necessity of finishing the Yucca Mountain project in Senate testimonylast week, Perry backed down slightly in a White House news conference on Tuesday. "Weve made no decisions at DOE," Perry saidwhenasked about Yucca.

As one of the most vulnerable Republicans up for reelection in 2018, Heller may be able to get Senate Majority Leader Mitch McConnell (R-Ky.) to stymie the Yucca proposal at the behest of the blue-state GOP senator."

-- "We love Indian Country, right?": Speaking before a meeting with local and tribal leaders as part of his series of Energy Week events, President Trump pledged that his administration would bring a golden age of American energy dominance to the nation.

For too long the federal government has put up restrictions and regulations that put this energy wealth out of reach. Its just totally out of reach, he said. Its been really restricted, the development itself has been restricted and vast amounts of deposits of coal and other resources have, in a way, been taken out of your hands and were going to have that change. Were going to put it back in your hands.

Despite high-profile protests from Native Americans against the Dakota Access pipeline over the last year, the Trump administration has decided to make developing fossil fuel resources on reservations a cornerstone of his "energy dominance" agenda. Indeed, there are several tribes with leaders eager to mine coal or pump oil on their lands, includingCrow Nation in Montana andNavajo Nation in New Mexico andArizona, who sent representatives to the White House on Wednesday.

"Im proud to have such a large gathering of tribal leaders here at the White House," Trump said."I look forward to more government-to-government consultations with tribal leaders about the issues important to Indian Country. We love Indian Country, right?"

--The House Energy and Commerce committee approved a bill that would decrease the frequency of ozone regulation. The panel voted 29-24 to approve the bill, The Hill reported, which would require the EPA to update ozone limits every decade rather than the current timeline of every five years. The bill first passed in the House under the previous administration but did not make it to the Senate floor.

THERMOMETER

--Massive melting and general warming in Antarctica may allow for new habitats to emerge for wildlife, according to a report from Chelsea Harvey for The Post.

More ice-free space will allow previously isolated species to live alongside others, which could lead to a evolutionary battle as some organisms die off as others prove dominant, Harvey reports, citing a study in the journal Nature.

Harvey writes: Secluded as they may be in some cases, these areas can be home to various species of vegetation, microbes, worms or insects and other small organisms, and may also serve as breeding grounds for animals like seals and seabirds. These species tend to be highly specialized for the extreme conditions in which they live, said Peter Convey, a terrestrial ecologist with the British Antarctic Survey, who was not involved with the new study. Some of them may be dormant throughout much of the year. Others may have developed specific adaptations that allow them to survive in conditions with high winds, little water or extreme low temperatures.

The new study shows that theres been a sparse amount of research until now on how climate change will affect Antarcticas biodiversity. But researchers found that the Antarctic Peninsula one of the most rapidly warming areas on the continent, where large levels of glacial ice loss are already occurring will likely suffer the most extreme changes through the rest of this century.

-- Waiting to Larsen C what happens: A massive crack in Antarcticas largest floating ice platform is hours, days, or weeks away from breaking away, according to researchers, creating an iceberg the size of Delaware.

The outer endis moving at the highest speed ever recorded on this ice shelf, said Adrian Luckman of Project MIDAS, the British Antarctic research project monitoring the shelf, USA Today reported.

In another sign that the iceberg calving is imminent, the soon-to-be-iceberg part of Larsen C Ice Shelf has tripled in speed to more than 10 meters per day between June 24th and June 27th," Luckman said.

Luckman added that once it separates from the shelf, the iceberg will fundamentally change the landscape of the Antarctic Peninsula.

The Post's Chris Mooney wrote more about this last month.

--Talk about a deadline.A groupof experts iswarning that there is just three years left for the world to set carbon dioxide emissions on a downward path if we are to holdthe rise in planetary temperatures between1.5 to 2 degrees Celsius, The Post's Chris Mooney reports.In a new commentary published in the journal Nature, the authors, led by former United Nations climate chief Christiana Figures, urge that if carbon emissions can begin declining by 2020, there may be some hope to avoid the worst consequences of climate change that the Paris accord sought to address.

DAYBOOK

EXTRA MILEAGE

Trump hosts tribal, local leaders for energy meeting:

Thousands of sea pickles float off coast of California:

Republicans are pushing for a speedy new health care draft:

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The Energy 202: Rick Perry touts carbon-cutting technology while simultaneously trying to cut its funding - Washington Post

Memory-chip giant Micron Technology(NASDAQ:MU) has garnered headlines and captured investor attention lately, and rightfully so.

After losing roughly two-thirds of its value from late 2014 to early 2016,Micron stock has essentially marched straight upward over the past 12 months, to the tune of a 150% increase.

MU data by YCharts

However, the commoditized nature of Micron's memory business tends to make Micron something of a boom-and-bust enterprise. The company can generate ample profits when memory prices are strong, but its earnings will fall off a cliff when, prices soften. My thoughts on Micron's risk-reward profile are well documented.

The good news is that the semiconductor industry has plenty of companies with far more favorable long-term dynamics. Here are three of them.

Image Source: NVIDIA

NVIDIA's (NASDAQ:NVDA) stock is up 226% over the past 12 months, as the maker of graphics processing units (GPUs) is one of the few companies to match Micron's recent rally.Even better, being the leading graphics-chip maker aligns the company with some of the fastest-growing areas of the technology market.

GPUs have become an area of intense interest in recent years, as technologies including artificial intelligence, deep learning, self-driving cars, and more rely on converting real-world images into usable digital information. NVIDIA has benefited, having formed partnerships with automakers including Toyota, Audi, BMW, Tesla, and many moreto provide the GPUs for their various autonomous-vehicle initiatives.

NVIDIA's enviable competitive position should allow it to grow at above average rates for years to come. In fact, the consensus among sell-side analysts calls for NVIDIA to grow sales by 19.4% this year and 12.4% next year.Its shares trade at a decent premium to the market, and that's to be expected, but the company's long-term fundamentals make it one of the top growth stocks in the semiconductor market -- and a far more appealing long-term holding than Micron.

The world's largest semiconductor company, Intel(NASDAQ:INTC) dominates the realm of PC and server microprocessors. The de facto standardization of x86 architecture in each of these large global markets, along with Intel's unique ability to fund massive research-and-development investments, allows the company to consistently produce the fastest microprocessors. The result is an enviable gross margin that compares favorably against the likes of Advanced Micro Devices, the longtime second fiddle in the PC and server chip market.

INTC Gross Profit Margin (TTM) data by YCharts

As Intel's core businesses are mature, the company has been focusing on increasing its exposure to emerging growth markets. It's done so by investing aggressively in its budding Internet of Things (IoT) chips business and by acquiring artificial-intelligence companies, most notably with its $15.3 billion buyout earlier this year of Israeli-based self-driving-car companyMobileye earlier this year. Especially for investors seeking income from their investments, Intel is among the best options in the chip space today.

Shares of video-processing chip companyAmbarella(NASDAQ:AMBA) have fallen back to Earth over the past two years, though they've still trounced the market indices over longer time horizons.

AMBA data by YCharts

However, the reset in investor expectations reflects the company's continued evolution, from something of a one-trick pony to a diversified, mature company capable of producing sustainable, above-average growth for years to come.

Ambarella designs, produces, and sells power-efficient high-definition video-compression and image-processing semiconductors. The company rose to prominence as the go-to chip supplier for GoPro's action camera, and revenue concentration remains an important risk factor for the company today. The company's five largest customers accounted for 56% of total fiscal 2017 sales.

That number has, however, declined in each of the past two years, and the long-term nature of Ambarella's many growth markets suggest that it will continue to fall. Ambarella sees opportunities to become a leading supplier of image processing chips for growing industries including drones, dashboard cameras, wearables, internet-connected security cameras, and much more.

Perhaps most appealing, though, is that Ambarella's stock carries current and forward P/E ratios of 29.3 and 20.8 times earnings, respectively.Contrast that against its consensus average five-year EPS growth estimate of 16.3% per year,and Ambarella stock starts to look like an attractively priced growth stock whose solid business fundamentals make it a far superior option to Micron for long-term semiconductor investors.

Andrew Tonner has no position in any stocks mentioned. The Motley Fool owns shares of and recommends Ambarella, GoPro, Nvidia, and Tesla. The Motley Fool has the following options: short January 2019 $12 calls on GoPro and long January 2019 $12 puts on GoPro. The Motley Fool recommends BMW and Intel. The Motley Fool has a disclosure policy.

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Ignore Micron Technology, Inc.: Here Are 3 Better Stocks - Motley Fool

Wisconsin Public Radio News

New Technology Targeting Fungi Could Speed Up Drug-Discovery Process Wisconsin Public Radio News New technology developed in part by UW-Madison researchers is speeding up the discovery time for new molecules from fungi. We'll find out how it works and why fungi are a potential-rich place to look for new disease-fighting agents. Host:. and more »

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New Technology Targeting Fungi Could Speed Up Drug-Discovery Process - Wisconsin Public Radio News