Category Archives Economics

Miners of the cryptocurrency BITCOIN, use more electricity than 159 countries in the world. If it keeps increasing at this rate, Bitcoin mining will consume all the world’s electricity by February 2020. I might type that again. If it keeps increasing at this rate, Bitcoin mining will consume all the world’s electricity by February 2020. Think about that for a…

Tesla Semi

The announcement by Elon Musk of his proposed electric semi-truck and new roadster almost broke the internet last week. Perhaps missed in the hype, cheering and very loud music accompanying a very, very, very fast red car, was a small, but potentially profound announcement about the truck "mega-chargers" and the flat-priced provision for charging these trucks. Innovations in this sector…

Wind Energy

#KiataWindFarm connected to grid and generating. Largest operating turbines in Australia. More, cheap #RenewableEnergy pic.twitter.com/dN617amLU2 — Windlab (@Windlab) November 6, 2017 Notes: Kiata Wind Farm is a wind energy project located 50km north west of Horsham, Victoria. Windlab, an Australian owned company, is developing the project from its Canberra headquarters. Kiata Wind Farm is a 30 MW wind farm. When operational…

Tipping points are not always obvious, this one may be. Two announcements this week, juxtaposed. Infrastructure Victoria's 30-Year Strategy and Google's move on renewable energy in 2017. Technology companies now account for about 2% of total Global Carbon emissions, that rivals the aviation industry. Let's not even consider the amount of fresh water they require, that's another article... Consider that…

I think that there’s a pretty good chance we end up with a universal basic income, or something like that, due to automation. I’m not sure what else one would do?

Elon Musk
Costs of US Wars

An outstanding comparative analysis of the dollar "cost" of US Wars, "then and now". Apologies to [either Dirksen or Rockefeller], but certainly, once we have a trillion here, and a trillion there, "pretty soon, you're talking real money" ! We know these numbers are staggering.  Recently [late 2015], Bank of America Merrill Lynch [ BoAML ] produced analysis showing that: The…

Indian Currency

The team at HowMuch.net  continue their excellent work. The full article can be found here. The Global Finance Magazine recently released an article comparing countries by income across the world for 2015, sourcing data from the World Bank. Gross National Income (GNI) per capita is the final income earned by a country’s residents divided by the total population. Countries are…

Certainly a growing and contentious policy debate on the role and purpose of autonomous robots in the "workplace". The potential of existential challenges to what we understand the "middle-class" to be [ in the context of a 20th Century definition of a  "labour-force], coupled with genuine and profound advances in autonomous and now artificial intelligence, gives one a moment [at…

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