A Material That Could Make Solar Power ‘Dirt Cheap’
August 10th, 2013Via: MIT Technology Review:
A new type of solar cell, made from a material that is dramatically cheaper to obtain and use than silicon, could generate as much power as today’s commodity solar cells.
Although the potential of the material is just starting to be understood, it has caught the attention of the world’s leading solar researchers, and several companies are already working to commercialize it.
Researchers developing the technology say that it could lead to solar panels that cost just 10 to 20 cents per watt. Solar panels now typically cost about 75 cents a watt, and the U.S. Department of Energy says 50 cents per watt will allow solar power to compete with fossil fuel.
Eating Raw Garlic Twice a Week Nearly Halves Risk of Developing Lung Cancer
August 10th, 2013Via: CBC News:
Eating raw garlic twice a week can cut the chances of lung cancer by almost half, new research suggests.
The results, published online Wednesday in the journal Cancer Prevention Research, showed those who ate raw garlic at least twice a week cut the risk of lung cancer by 44 per cent, even if they were exposed to high-temperature cooking-oil fumes, which is thought to be another trigger for the disease.
The herb even reduces the risk in smokers by 30 per cent, the research suggested.
Research Credit: almaverdad2
Japan’s Day Trading Elite
August 10th, 2013Via: Bloomberg:
Murakami calls himself the smallest player in a group of seven day traders who chat with each other online, vacation together, and cumulatively buy and sell almost $100 million in stocks each day, using borrowed money to increase the size of their bets.
…
“These guys are pros,” says Jesper Koll, head of Japan equity research at JPMorgan Chase (JPM) in Tokyo. “They’re acting like a proprietary trading desk at a major investment bank.”
Making money isn’t easy, Murakami says. With $100,000 in savings and no experience in the market, he started trading stocks from a desktop PC in 2005. Within two months he’d lost half his stake. He kept improving his results, but trading in Japan’s stagnant market was like trying to sail a boat without any wind—until this year. “When shares don’t move, you can’t get an opening for a trade,” he says. “Now that the market is moving, I feel like I have to make the most of it.”
Japan Gets to Know a Quadrillion as Debt Hits New High
August 10th, 2013Via: Bloomberg:
The late Senator Everett Dirksen (R-Ill.) is famous for allegedly saying, “A billion here, a billion there, and pretty soon you’re talking real money.” It might be apocryphal—the Dirksen Congressional Center has found no evidence that the late Illinois Republican ever made the quip—but it certainly resonates as the political parties spar over sequestration and Americans become even more accustomed to thinking somewhat casually about what should be unfathomably big numbers.
In Japan, however, billions are for amateurs. With public debt more than 200 percent of GDP, the Japanese have long measured their red ink in hundreds of trillions of yen, at least until now. The Japanese crossed into uncharted fiscal territory Friday following news that the country’s gigantic national debt has for the first time just exceeded ¥1,000 trillion—in other words, more than one quadrillion. The country’s outstanding public debt, including borrowings, increased 1.7 percent in the second quarter of 2013, Japan’s Ministry of Finance announced, putting the national debt at a record ¥1,008.6 trillion ($10.46 trillion).
Just how big is a quadrillion? In yen, as Bloomberg News explains, the amount is larger than the economies of Germany, France, and Britain—combined.
Americans Giving Up Citizenship Jump Sixfold
August 10th, 2013Update: Forgot to Mention
I recently received an email from an American who is attempting to renounce his or her U.S. citizenship in New Zealand. I don’t want to get into any details, because NZ is like a small village full of people who take great pleasure talking about other people in the village.
The point is this: DO NOT ASSUME THAT THE U.S. WILL MAKE IT EASY FOR YOU TO RENOUNCE YOUR CITIZENSHIP.
—
Buh bye.
Via: Bloomberg:
Americans renouncing U.S. citizenship surged sixfold in the second quarter from a year earlier as the government prepares to introduce tougher asset-disclosure rules.
Expatriates giving up their nationality at U.S. embassies climbed to 1,131 in the three months through June from 189 in the year-earlier period, according to Federal Register figures published today. That brought the first-half total to 1,810 compared with 235 for the whole of 2008.
The U.S., the only nation in the Organization for Economic Cooperation and Development that taxes citizens wherever they reside, is searching for tax cheats in offshore centers, including Switzerland, as the government tries to curb the budget deficit. Shunned by Swiss and German banks and facing tougher asset-disclosure rules under the Foreign Account Tax Compliance Act, more of the estimated 6 million Americans living overseas are weighing the cost of holding a U.S. passport.
“With the looming deadline for Fatca, more and more U.S. citizens are becoming aware that they have U.S. tax reporting obligations,” said Matthew Ledvina, a U.S. tax lawyer at Anaford AG in Zurich. “Once aware, they decide to renounce their U.S. citizenship.”
Fatca requires foreign financial institutions to report to the Internal Revenue Service information about financial accounts held by U.S. taxpayers, or held by foreign entities in which U.S. taxpayers hold a substantial ownership interest. It was estimated to generate $8.7 billion over 10 years, according to the congressional Joint Committee on Taxation.
…
The additional compliance costs for companies to ensure that Americans they hire are filing the correct U.S. tax returns and asset-declaration forms are at least $5,000 per person, said Ledvina.
For individuals, the costs are also rising. Getting a mortgage or acquiring life insurance is becoming almost impossible for American citizens living overseas, Ledvina said.
“With increased U.S. tax reporting, U.S. accounting costs alone are around $2,000 per year for a U.S. citizen residing abroad,” the tax lawyer said. “Adding factors, such as difficulty in finding a bank to accept a U.S. citizen as a client, it is difficult to justify keeping the U.S. citizenship for those who reside permanently abroad.”
China Has a Massive Windows XP Problem
August 9th, 2013Via: Network World:
The Chinese are going to have a very, very hard time kicking the Windows XP habit.
The deadline for the retirement of Microsoft’s most successful operating system ever is eight months from tomorrow: April 8, 2014. That’s the day when the Redmond, Wash. company is to deliver the last XP security update.
The problem is that a significant chunk of the world’s PCs continue to run the aged OS, and with just months to go, a seemingly impossible task faces those users: Getting off the 12-year-old XP and onto something newer.
According to analytics company Net Applications, 37.2% of the globe’s personal computers ran Windows XP last month. If Microsoft’s estimate of 1.4 billion Windows PCs worldwide is accurate, XP’s share translates into nearly 570 million machines.
But while much digital ink has been spilled on the impending deadline — what one popular Windows blogger called a “coming Windows XP Apocalypse” on Tuesday — the truth is that some countries have a bigger headache than others.
In the U.S., for example, 16.4% of all personal computers ran Windows XP in July, or about one in six, Net Applications’ data showed.
But in China, where XP remains king, 72.1% of the country’s computers relied on the soon-to-retire operating system last month, or nearly three out of every four systems. In any XP doomsday scenario, that means China is in a position four times more precarious than the U.S.
And it will get worse for China, not better, as the remaining eight months flip off the calendar.
If one assumes that recent trends in XP’s decline continue, then its share in the U.S. will drop to between 9.1% and 11.1% by April 2014 (depending on whether the forecast is based on the last three months or the last six months, respectively).
China, however, is in a tougher spot because while it’s been shedding Windows XP at about the same clip as the U.S., the country’s much larger current share puts it at a severe disadvantage. By April 2014, XP will still be on between 65.2% and 65.7% of its personal computers. Eight months from now, China’s XP problem will be six or seven times bigger than the U.S.’s.
‘Why are so many Japanese men refusing to leave their rooms?’
August 9th, 2013Via: BBC:
As many as a million young people in Japan are thought to remain holed up in their homes – sometimes for decades at a time. Why?
For Hide, the problems started when he gave up school.
“I started to blame myself and my parents also blamed me for not going to school. The pressure started to build up,” he says.
“Then, gradually, I became afraid to go out and fearful of meeting people. And then I couldn’t get out of my house.”
Gradually, Hide relinquished all communication with friends and eventually, his parents. To avoid seeing them he slept through the day and sat up all night, watching TV.
“I had all kinds of negative emotions inside me,” he says. “The desire to go outside, anger towards society and my parents, sadness about having this condition, fear about what would happen in the future, and jealousy towards the people who were leading normal lives.”
Hide had become “withdrawn” or hikikomori.
In Japan, hikikomori, a term that’s also used to describe the young people who withdraw, is a word that everyone knows.
Lavabit Shuts Down
August 9th, 2013Via: Lavabit:
My Fellow Users,
I have been forced to make a difficult decision: to become complicit in crimes against the American people or walk away from nearly ten years of hard work by shutting down Lavabit. After significant soul searching, I have decided to suspend operations. I wish that I could legally share with you the events that led to my decision. I cannot. I feel you deserve to know what’s going on–the first amendment is supposed to guarantee me the freedom to speak out in situations like this. Unfortunately, Congress has passed laws that say otherwise. As things currently stand, I cannot share my experiences over the last six weeks, even though I have twice made the appropriate requests.
What’s going to happen now? We’ve already started preparing the paperwork needed to continue to fight for the Constitution in the Fourth Circuit Court of Appeals. A favorable decision would allow me resurrect Lavabit as an American company.
This experience has taught me one very important lesson: without congressional action or a strong judicial precedent, I would _strongly_ recommend against anyone trusting their private data to a company with physical ties to the United States.
Sincerely,
Ladar Levison
Owner and Operator, Lavabit LLC
Defending the constitution is expensive! Help us by donating to the Lavabit Legal Defense Fund here.
JPMorgan Faces Criminal and Civil Investigations Related to Mortgage Securities Scam
August 8th, 2013Via: New York Times:
JPMorgan Chase disclosed on Wednesday that it faced a criminal and civil investigation into whether it sold shoddy mortgage securities to investors in the run-up to the financial crisis, the latest legal threat to the nation’s biggest bank.
JPMorgan acknowledged for the first time the existence of the investigation — one of several mortgage-related problems looming for the bank — in a quarterly regulatory filing. It said that the civil division of the United States attorney’s office for the Eastern District of California, which covers a stretch of land that includes Sacramento and Yosemite, has “preliminarily concluded” that JPMorgan flouted federal laws with its sale of subprime mortgage securities from 2005 to 2007. The parallel criminal inquiry, according to one person briefed on the matter, is in a more preliminary stage.
Florida to Exhume Remains Found at Notorious Dozier School for Boys
August 8th, 2013Via: Guardian:
Investigators have been given permission to exhume remains found at the notorious Arthur G Dozier School for Boys in Florida, which closed in 2011 following pupils’ revelations of widespread physical and sexual abuse.
Governor Rick Scott and the rest of Florida’s cabinet voted unanimously on Tuesday to allow dozens of unmarked graves found in woods near the school to be opened up. The decision comes after a team of researchers found evidence of almost 100 deaths at the institution.
“We are not exactly sure what happened there, but we know it was not good,” Florida attorney general Pam Bondi said during Tuesday’s meeting. “It’s something we as Floridians can’t ignore.”
The University of South Florida was commissioned to look into deaths at the Dozier School, in the panhandle city of Marianna after the Florida Department of Law Enforcement announced the presence of 31 grave sites in 2010.
A team of anthropologists and archaeologists found that 45 people had been buried on school grounds between 1914 and 1952, with 31 bodies sent elsewhere for burial. There were 22 more cases in which no burial site was listed.
Of the 98 deaths they confirmed, two were adult staff members and the rest children aged from six to 18.


