JohnPatrick.com

Thanks for stopping by. My name is John Patrick and Attitude LLC is the name of my company. My activities include writing, speaking, investing, and board service. My areas of focus include healthcare, Internet and mobile voting, and technology. As you will see in the books I have written, I believe most big problems and big solutions involve Attitude. My latest book is Robot Attitude: How Robots and Artificial Intelligence Will Make Our Lives Better (2019). Robot Attitude and all the prior books are part of a Series called “It’s All About Attitude“. You can find all the details about each book here.


My blog below has more than 2,000 stories about technology, music, motorcycles, travel, business, Internet voting, robots, AI, healthcare, and more. Every Saturday morning, I publish an e-brief which contains an easy to read post or two about new developments in my areas of interest. Please sign up and give it a try. If you don’t like it, you can make one click and you will not receive it again. You can find me on social media on Facebook, LinkedIn, Twitter, and YouTube. You can also find my background in Wikipedia.

John R. Patrick
Will The Messenger Bring Good News?

Humans have been very fortunate to have been protected by vaccines for more than two centuries. The path to get from the identification of an infectious disease to have an effective vaccine is complex, to put it mildly. The issues include research and development, testing, procurement of dependable funding, scaleable manufacturing, equitable and efficient distribution, assured safety, management of public fears of inoculation, and global political considerations. Despite the complexity, what used to take years, now takes months. Politicians pushing to go faster may have helped, but it mostly has to do with bioinformatics, genomics, AI, machine learning, cloud computing, and synthetic biology. As I have said before, I believe the transition from years to months will continue to days and maybe even hours.

Currently, there are nearly 100 vaccines under development for COVID-19. About 20% of them are based on DNA or RNA. Two are about to receive approval, Moderna and BioNtech in partnership with Pfizer. The RNA approach has shown to be best for speedy development. Efficacy of the two vaccines has shown to be more than 90%, compared to 60% for flu vaccine. Safety data is coming in now and so far it looks very good.

The long term implication of the RNA development and manufacturing platform is the potential to respond quickly to new viruses which will surely appear. An antigen from a new virus could be sequenced quickly, and the genetic code for a vaccine could be manufactured using a tested and approved platform. If so, it would eliminate the traditional lengthy process for developing a new vaccine. Axios reported, “This pandemic is a testbed for the next generation of vaccine technologies.”

But what is RNA? A Chief Medical Officer told me when he was in medical school 30+ years ago, very little was known about the role of RNA. In the rest of this article, I hope to shed some light on RNA, but will start with DNA to put things in perspective.

DNA is material found in nearly every cell of every living organism. The structure of DNA is the famed double-stranded helix, some say it looks like a twisted ladder. Our DNA contains genetic information which acts like a recipe enabling us to develop, grow, and reproduce. Although our environment, lifestyle, and nutrition have an influence, our DNA is primarily responsible for our development. The recipe informs our cells how to produce the tens of thousands of human proteins which form our cells, tissues and organs.

Gregor Mendel, has been called the “Father of Genetics”. Like Vint Cerf, who has been called the “Father of the Internet”, there were actually a number of “Fathers”. It started in 1866 when Mendel was the first to note human characteristics get passed down from generation to generation. He coined the terms of dominant and recessive. Numerous discoveries about DNA occurred over the next 87 years. In 1953, Watson and Crick published a detailed paper about DNA’s double helix structure which has become symbolic.

As early as 1939 scientists suspected there was something special which provided the recipe. The something was RNA. There are three types of RNA, but the one most relevant in the current vaccine development is messenger RNA, or mRNA. Using a process called transcription, mRNA copies genetic code to ribosomes, which act like a kitchen where the production of proteins take place.  

Scientists have dreamed about the endless possibilities of synthetic mRNA. STAT is a journalistic site which delivers “fast, deep, and tough-minded journalism about health, medicine, life sciences and the fast-moving business of making medicines.” In “The story of mRNA: How a once-dismissed idea became a leading technology in the Covid vaccine race“, National Biotech Reporter Damian Garde described the big picture,

Researchers understood its role as a recipe book for the body’s trillions of cells, but their efforts to expand the menu have come in fits and starts. The concept: By making precise tweaks to synthetic mRNA and injecting people with it, any cell in the body could be transformed into an on-demand drug factory.

Moderna and Pfizer are quite different companies but in both cases there were dedicated researchers with a passion and a vision about mRNA. The government pouring huge amounts of money into the research was no guarantee but it certainly helped. The idea was to inject the synthetic mRNA into a patient, and the patient’s cells would create a protein which would fight the virus. The challenge was the patient’s body would would treat the mRNA as a bad actor. The two companies, in different ways, devised a tailoring of the mRNA so it could get past the patient’s rejection. The results were 95% efficacy.

Epilogue: It seems the more I read and learn about genetics, the amount I don’t know grows more rapidly. When I finish some other courses I am taking, I plan to take an MIT biology course online at edX.org.  

 

 

 

News from johnpatrick.com

The M1 Arrived

The Apple M1 arrived last week for two new MacBooks and the Mac Mini. This is a very significant announcement because it is the beginning of a transition away from Intel chips to using Apple’s own design. The move will surely improve Apple’s profitability but it also introduces incredible performance. It also introduces compatability across all of its computing products. You can run iPhone apps on a MacBook with the M1.

SpaceX and NASA Hooked Up

The SpaceX NASA collaboration has pulled off an amazing feat. The Crew Dragon took four astronauts to the  International Space Station. The astrounauts will stay there for six months, and will perform a lot of research including for space manufacturing.

Wall Street

Bitcoin was the big mover for the week, now above $18,000. The market cap for BTC is close to $350 billion and represents 66% of the total market cap for 3,790 cryptocurrencies. Recent forecasts for the price of BTX range from $300,000 to Zero.

Can You Wait Just A Zeptosecond?
An Electron escaping a helium atom (M. Ossiander (TUM) / M. Schultz (MPQ))

I am sure we all remember learning about atoms when we were growing up. The atomic nucleus is the small, dense region consisting of protons and neutrons at the center of an atom. The protons are positively charged, and neutrons are electrically neutral. (Scientists have since learned protons and neutrons are in turn made up of particles called quarks). The other part of atoms consists of electrons, the negatively charged particles of the atom. The electrons’ create a negative charge balancing the positive charge of the protons in the atomic nucleus.

Before I continue, I cannot resist digressing about Larry Fine, Curly Howard, and Moe Howard, the Three Stooges.  The three were an American vaudeville and comedy team active from 1922 until 1970, best known for their 190 short subject films. Their hallmark was physical farce and slapstick. They remain hilarious on YouTube, and you can watch here.  Every time I see the word electron, I think of one of the Stooges’ episodes where Curly said he knew all about atoms. He said they consisted of electrons, protons, and fig newtons!

What was known about atoms and the contents of the nucleus was limited because it wasn’t possible to actually see atoms. That changed in 1981. That was the year I moved from Philadelphia to IBM Headquarters in Armonk, NY. I remember seeing the announcement on the bulletin board (there was no web) highlighting Gerd Binnig and Heinrich Rohrer, scientists at IBM Zürich had invented the scanning tunneling microscope (STM). The IBM inventors received the Nobel Prize in Physics in 1986 for their groundbreaking invention. The STM made it possible, for the first time, to actually see at the atomic level, distinguishing features as small as one tenth of a billionth of a meter.

New discoveries have accelerated since the availability of the STM and other technologies. One example is Albert Einstein’s discovery of the photoelectric effect, for which he received the Nobel Prize in Physics in 1921. Einstein discovered when light with energy above a certain threshold hits the surface of a metal atom’s surface, an electron bound to the metal gets knocked loose. For example, the picture above shows an electron escaping from a helium atom after getting hit by a photon. 

One of the numerous mind boggling aspects of the research at the atomic level is the minuscule amount of time it takes for an electron to be ejected after a photon strike. In some experiments, researchers were able to measure activities happening in femtoseconds ( 10-15 seconds) or attoseconds (10-18 seconds).  These measures of time are an eternity compared to zeptoseconds. One zeptosecond is a trillionth of a billionth of a second​. The duration of the electron emerging from the helium atom was measured as taking 850 zeptoseconds.

News from johnpatrick.com

The iPhone Twins

The iPhone 12 Pro Max (on the right) arrived Friday afternoon. It is busy at the moment copying all the data from the iPhone 11 Pro Max (on the left). It takes about an hour. Meanwhile an Apple Upgrade box is on the way from Apple so I can return the 11 to Apple. My monthly cost for the iPhone will be $58.25, down from $60.33. Turns out the 12 purchase price is down slightly from the 11. The plan works very smoothly, and a new iPhone arrives every year.

An Even Bigger Week Coming Up for SpaceX

SpaceX tested the engines successfully on its Starship SN8 this week. The next test is the biggie — the flight test. SpaceX has announced the window of November 9th to the 11th for SN8, and they are planning for the giant Starship to climb nine miles and then return for a vertical landing. Reusable rockets are the key to a future of us being a space faring civilization. The other biggies, hopefully on Sunday, is the launch of the Crew-1 Mission to the International Space Station. In May, there was the Demo-1 with two astrounauts. This time there will be four astronauts. Stay tuned for the excitement at spaceX.com.

Wall Street

The iPhone 12 Pro Max was delivered on Friday, November 13, well ahead of when all presidential election votes will be counted and verified. Georgia manual counting of 5 million ballots is underway. If you read this column next week, it is unlikely they will be finished. One thing I know for sure is the vote count will be different than what the machines counted. I don’t know if either candidate’s count will be higher or lower, but they will surely be different.  Humans are not as accurate as machines. Bitcoin is now above $16,000, more than double for the year. Stocks were up mostly across the board. A lot is riding on vaccines.   

Ronjini Joshua is an author, speaker, and founder of The Silver Telegram, a tech-focused communications firm. He thinks enough of our outdated voting system is enough. In “After This U.S. Election, the Case for Online Voting Is Stronger Than Ever“, published Friday afternoon in Foreign Policy, he said, 

The gridlock over the U.S. election results is frustrating for voters, embarrassing for Americans, and, perhaps most important, damaging to the spread of democracy around the world. The United States needs to revive its democracy through technology. Online voting can provide transparent, fast, and reliable results. It can also increase voter turnout.

It sounds like Joshua read my book, Election Attitude – How Internet Voting Leads to a Stronger Democracy (2016). We have heard enough from the naysayers. They compare Internet voting (or mobile blockchain voting) to an Internet with no hackers, no cyber criminals, no skilled foreign adversaries, no malware, no old insecure Windows 95 or Windows 7 computers; in other words they compare it to a perfect world we will never have. It is time to compare Internet voting, with all its imperfections, to the paper ballot system we have today, which is full of imperfections, as we see very clearly at this point. Joshua said, 

By embracing online voting, the United States can give voters confidence in the system; after all, voters would be able to see the counts in hours, not days (or weeks). Such a system would also allow both parties to connect with those who would not normally vote, and would put the United States in a position to again lead the world with an example of a political system that does what it’s supposed to do.

Internet voting can also assist millions of Americans with visual impairment. It can offer simplified and much more accurate ballot designs, eliminating numerous errors. When the dust settles, I believe we will find millions of ballots were not counted because of “voter errors”, which could have been avoided with Internet voting. Internet voting could also enable voter education as part of the voting process. It could enable more progressive ways to vote such as Ranked Choice Voting, which can eliminate ties. The eight million overseas voters could become enfranchised. Results could be tabulated in seconds. The list of the benefits goes on. Trials in West Virginia, Utah, and other places have proven the security, privacy, and verifiability of Internet voting.

The only thing holding us back is our political and technological will. I hope Joshua’s article is the first of many. It is time for the naysayers to refocus on how to help, not spread fear. It is time for research centers, think tanks, pundits, investigative journalists, and technology experts to shift the focus to how our democracy can be strengthened by a technological, as Joshua said, reboot.

 

News from johnpatrick.com

Mobile Voting Webinar

My sixth and final webinar  about mobile voting for 2020 took place the day after Election Day. The Zoom session with the Ridgefield Men’s Club had 72 participants. The video recording is here.  Hopefully, the paper ballot mess on our hands will result in more questions about why we cannot modernize our voting system. We surely can, if we want to. It just takes some political and technological will.

A Big Week Coming Up for SpaceX

SpaceX and its Starship SN8 will perform an historical flight test  this upcoming week. SN8 (abbreviation for serial # 8) has already performed both the static fire and cryogenic tests. The next test is the biggie — the flight test. SpaceX has announced the window of November 9th to the 11th for SN8, and they are planning for the giant Starship to climb nine miles and then return for a vertical landing.

Twin Shoulders In Place

The twins are now both in place, with the cobalt-chromium alloy balls standing out nicely. The new sockets are made from polyethylene and do not show up in the x-rays. Physical therapy is underway, and I hope I will be somewhat normal by the end of the year.

Wall Street

Apple began accepting pre-orders for its new iPhone 12 Mini and the iPhone 12 Pro Max. The pre-order opened at 8am, and my Pro Max pre-order was confirmed at 8:02am. The iPhone will be delivered on Friday, November 13, well ahead of when all presidential election votes will be counted and verified. The big move of the week was Bitcoin, up more than $2,000. I continue to be bullish on BTC and will write a feature article about it sometime soon.   

I was hoping for 100 responses to the SurveyMonkey, and you delivered 146! This is really great! Thanks so much. Your response represents almost 15% of the current 1000+ subscribers, and is definitely statistically significant. In the the following paragraph, I will summarize the results. This will be followed by graphics to show bar graphs depicting the specific feedback you provided.

Most important was question number four which asked about my feature stories. 97% of you said you found them interesting and informative. Two people thought they were too long, and one thought they were too technical. 80% said they read the entire e-brief, while 20% said they just read the feature article. 76% said they liked the news section and the diversity of it. About 20% said they like the wall street section, and 24% said they are not interested in it. Based on this feedback, I will be scaling back the tech stock index data I have been providing, but will continue to make some comments in the news section about various tech companies. The only disappointing part of the feedback to me was only about a third share the e-brief  with someone else. Since 97% said they found the content interesting and informative, it is likely there are many other people who would also enjoy it, if they knew about it. Finally, with regard to how people read the e-brief, it is roughly 50% on laptop or desktop and 50% on phones or tablets or the web.

Following is more detail on the five questions.

Final Survey Results
Final Survey Results
Final Survey Results
Final Survey Results
Final Survey Results
News from johnpatrick.com

Recording of mobile voting webinar

Paper ballot stories continue to be politicized. Facebook reports it has helped register 4.4 million new voters and sign up 100,000 poll worker volunteers. Hard to say what the outcome of mail in ballots will be as millions vote that way for the first time. As I explain in the webinar, there are many ways to make a mistake. A sixth webinar on the subject for Ridgefield Men’s Club on Wednesday, November 4, 2020.

Watch for a Blue Moon Saturday night (10/31). It will be called a Blue Moon because it will be the 2nd of two full moons in a single calendar month. They only occur once every 2 1/2 years. Halloween will be extra spooky this year when the blue moon rises. The harvest moon appeared on the first day of the month.

Wall Street

I watched the senate committee grill Facebook, Google, and Twitter CEOs. It is clear some regulation is needed, and Facebook is actually asking for it. As for breaking them up, I don’t think the senators can outsmart the tech companies. Bitcoin on the rise. More on that later.

Seventy-nine of you responded to the survey. This is great! Thanks so much. I would like to wait until the responses get to 100 before I share the results. That would make the results statistically solid. If you have not taken the survey yet, please click here or on the graphic. Your input is anonymous. I look forward to sharing the results.

Shoulder Joint

All of us are familiar with arthritis, but we may not realize there are more than 100 different types of arthritis and related conditions. Arthritis is the leading cause of disability in America, and more than 50 million adults and 300,000 children have it. The most common arthritis joint symptoms include swelling, pain, stiffness and decreased range of motion. Symptoms can come and go, and they can be mild, moderate or severe. That was the case with my knee, but I finally reached the point where the pain and lack of mobility led me to have it replaced. There are a number of stories about my 2008 knee replacement experience in my blog. One that has the details is here.

Ten years later, my shoulders reached the same stage. After evaluating a number of alternative treatments, I decided to get my right shoulder replaced on October 25, 2018, and the left one sometime later. Rotator cuff repairs and other shoulder surgeries are common, but a total replacement of the shoulder joint is much more complex. A top hip and knee surgeon might do 400 replacements per year. A top shoulder replacement surgeon might do 75 per year. There are not as many cases requiring a total shoulder replacement although, with improved technology and experience plus an aging population, the number is growing.

I elected to have my replacement done at Danbury Hospital in Connecticut by Dr. Ross Henshaw. Dr. Henshaw went to medical school at Columbia University College of Physicians & Surgeons, his residency and internship was at New York Presbyterian Hospital, and a Fellowship in Sports Medicine was at New York’s Hospital for Special Surgery. I have known Dr. Henshaw for many years and entered the OR with complete confidence when the propofol wore off I would wake up in the recovery room with a new and perfectly installed shoulder joint.

For my new shoulder, Dr. Henshaw selected the Tonier Aequalis Ascend Flex shoulder joint made by Wright Medical Group N.V., a Netherlands based global medical device company, soon to be acquired by Stryker, if regulators approve it. I suppose many people would not want to know the details but, as I move along toward becoming a bionic person, I want to know what is going into my body. The video here shows an excellent animation of all the cobalt-chromium alloy and polyethylene components which became part of the new shoulder. When you see the precision engineered components, and considering that the tool boxes and all contents must be sterile, you can see why a joint replacement is complicated. If you have the stomach for it, you can watch an actual shoulder replacement surgery performed at Stanford University here.

The surgery is incredibly impressive, but an equal part of the total solution is physical therapy. I have known Valory Ramsdell, PT, for 15 years. She is a graduate of the University of Connecticut School Of Medicine, and has more than 40 years of experience in physical therapy. Valory is a hands-on therapist. This is really important, especially at the beginning of the therapy program. A final part of the total solution is me, the patient. I prepared mentally for months and was dedicated to following the physical therapy program fully. It is no fun and much of it is painful, but I know it is critical to the most effective recovery.

Life in an awkward sling and bolster was no picnic during the weeks after surgery. Performing matutinal duties without my dominant right hand was challenging. The pain can be debilitating, but I did not want to take too much pain medication and be a vegetable in my office chair. Fortunately, interactions with the Mac, iPhone, and iPad can be done via voice. Ultimately, we probably will have no keyboards, but at this stage, I find voice recognition to have some shortcomings. It is getting better, but until AI takes a larger role, we will still have to do a lot of editing of what we dictate.

Fast forward two years, and the time has arrived for the left shoulder to become a twin of the other. Dr. Henshaw will be using the same proven technology. By the time you read this, I will be home recovering

Surveys have the potential to be very useful tools for any organization to gain insight about their customers, products, and services. The number of surveys presented to us is on the rise but, in my opinion, most are misdirected. The typical survey basically asks two questions. 

First is “Based on your most recent interaction with our customer service team, how likely are you to recommend our product or service to friends or family?” I remember back 25+ years ago when this question emerged from the bowels of marketing research firms. The question was shown in some studies to show the most accurate correlation to customer satisfaction. The question has lingered now for decades as the gold standard for surveys. I reject the question because I don’t feel it is my duty to make recommendations, pro or con, for any product or service I may have purchased. The question just doesn’t tell the real story about the quality of the product or service.

The other focus of most surveys is to ask about the customer service representative and how they handled your interaction. The questions are focused on the rep, not on the product or service. For example, AT&T, Comcast, Spectrum, Verizon, and other carriers have terrible customer satisfaction. It is not because their reps are bad, it is because their service price, quality, terms and conditions, etc. are terrible, yet they don’t ask about any of that. 

Apple and Amazon understand. Although they both survey about their reps’ responsiveness, they also survey about their products and services. Telecommunications providers are not alone as providers of terrible services. Financial services companies also survey about their reps, not the quality of their products and services.

Healthcare is on a level of its own. Medicare requires all patients to receive a survey called hospital consumer assessment of healthcare providers and systems (HCAHPS). It sounds comprehensive, but is not. They ask about the quality of the food, the level of noise in the hospital room, communications from doctors and nurses, and the level of understanding the patient had. As healthcare has become more digitally oriented with mHealth and Telehealth, none of the HCAHPS questions ask about how well video consults have worked (I have had five video consults and none of the five had working video, although millions, including children, use Zoom every day with no problems.) The survey does not ask how easy it is to retrieve data from lab or imaging studies, how easy it is to transfer that information to another provider, or how easy it is to schedule an appointment.

I don’t take most surveys because I don’t want to add evidence leading to a rep getting fired because their company’s product or service is terrible. Now, it is time for me to practice what I preach. I have created a short five-question, less than one minute, survey about johnpatrick.com. I really want to know what you think about it. Are my e-briefs too long or too short, are they informative, etc. All responses aer anonymous, and I will share the results over the coming weeks. Please take a minute to click on the image at the top of this story or here or click the QR code below. Thanks!

News from johnpatrick

Recording of mobile voting available for viewing

Paper ballot stories continue to be politicized by both parties. It is clear the votes will not all be counted by midnight on November 3. It may take weeks, and possibly longer based on legal challenges. I am hoping things will be orderly at the polls and people will understand the process. I have no doubt millions of the mail in ballots will not count due to errors by the voter. I offered my perspective on this and more about our voting process in four Zoom webinars. The most recent webinar is here

I will be doing a fifth video webinar on the subject on Monday for Founders Hall on Monday, and a sixth for Ridgefield Men’s Club on Wednesday, November 4, 2020.

Keep your eye on SpaceX this coming week. Could be two rocket launches to deploy another 100+ Starlink satellites. Elon Musks dream of worldwide high speed Internet is happening.

Wall Street and the MAGFA Stocks

The big movers this week were Royal Caribbean down 14% and Zoom up 14%. The underlying trends with both ae obvious. Similarly, brick and mortar is losing out to cloud computing. CarMax market cap is $15B although very profitable with 200 stores. Carvana is not making money (yet), has NO STORES, and a market cap of $37B.With regard to big tech, some legislators want to break them, but I cannot see how breaking them up could be done successfully.

Note: My father gave me the following investment advice many years ago, “Don’t give any, and don’t take any.” Wise man. I am not recommending buying or selling any of the stocks, startups, crypto, or indexes I write about.

John’s MAGFA Market Cap (10/16/20 4:00pm ET)
 ClosingMarket CapLastChange in%
 PriceTrillionsWeekBillionsChange
Microsoft$220$1.7$1.6$674%
Apple$119$2.0$2.0$00%
Google$1,573$1.1$1.0$707%
Facebook$266$0.8$0.8$476%
Amazon$3,273$1.6$1.6-$60%
      
Total $7.2$7.1$1783%
      
S&P 500 9/30/2020
 $27.9$27.9  
      
MAGFA/S&P 500 26.0%25.3% 3%
      
Bitcoin$11,303$209.8$204.6$53%
      
Boeing$167$94$94$00%
Royal Caribbean$59$13$15-$2-14%
Tesla$440$409$404$51%
Uber$34$59$65-$6-10%
Zoom$559$159$140$1914%
Note: These five stocks and Bitcoin are in billions not trillions
     
     
     
The Recycling Mess

One of the many things I learned from my Dad was about recycling. Dad was a voracious reader of books and newspapers including The Wall Street Journal, the Philadelphia Bulletin, the Philadelphia Inquirer, and the south Jersey Salem Sunbeam. Newspapers would accumulate on the basement stairway landing. Once a week or so, Dad would take the newspapers to the basement and stack them in a corner next to the furnace. The stack was straight as a pin. If a newspaper had some pages hanging out, Dad would unfold and refold the paper. You could place a level on the side of the stack and find it perfectly straight.

The Character Brothers owned a “junk yard” about a half-mile from our house. As I remember it, the yard included junked cars, scrap metal, and newspapers. My older brother would load his red Radio Flyer wagon with sideboards with newspapers and pull it the Characters’. What I recall, sometime in the 1950s, was occasional Saturday morning trips to Characters’ in a pickup truck Dad would borrow from his car dealership. We would make a lot of trips to the basement to fill up the pickup with the papers, and then we would drive to Characters’ right onto a large scale. Mrs. Character, who lived just two doors away from us, would give Dad the thumbs up from the window of her little office by the scale after the truck and papers had been weighed. Dad would then drive to the section of the yard where the newspapers would be converted into bales. He would back in the truck, and then we would heave the papers into the recycling area.

After driving back onto the scale, Mrs. Character would calculate the weight of the papers and give Dad the money. I don’t know what the price was. Currently, the price is about 50 cents per pound. It varies a lot based on supply and demand. When we got home, Dad would put the dollar bills in an envelope and the coins in a little barrel shaped bank. From time to time, Dad would take me to the bank where he deposited the newspaper money in a savings account for college.

Things are quite different today. Although awareness and intentions with regard to recycling are significant, global recycling is a mess. For decades, the United States sent most of its recycling on ships to China. The model was the recycled materials would be made into bags, shoes, and plastic products. That changed in July 2017 when China restricted imports of mixed paper and most plastics, effective in March 2018. A Chinese initiative called the National Sword changed their import policy to reduce the allowable percentage of contaminants from 5 to 10 percent to 0.5 percent. Contamination, for example, meant bales of paper which also contained pieces of metal, glass, plastic bags, etc. Waste-management companies across the country told municipalities there was no longer a market for their recycling. Municipalities had two choices: pay much more to get rid of recycling or throw it all away. Unfortunately, many opted for the latter.

Waste-management companies have since invested heavily in upgrading their materials recovery facilities (MRFs, pronounced “murfs”). The MRFs have adopted a single stream approach where the contents of all the blue recycling cans picked from neighborhoods get dumped onto conveyor belts where workers do their best to separate the various recyclables to try to reach the half-percent target from the Chinese wake-up call. They slowed down the conveyor belts to try to do a better job, but the problem is us consumers. Here is what knowable Magazine reported about the process:

The workers are all wearing yellow vests, masks and heavy gloves, but not just for Covid-19. Their job — and it’s a filthy, dangerous, smelly one — is to pick out all the items that rightfully belong in a landfill or incinerator: Dirty diapers. Garden hoses. Old clothes. Used hypodermic needles. Dead cats. Bowling balls. Filmy plastic bags that will tangle in the sorting machines. Cartons of sour milk that will foul everything they touch once the containers inevitably burst open down the line.

It sounds hopeless, but technology is coming to the rescue. Robots don’t mind filthy, dangerous, smelly jobs. With the addition of AI and computer-vision, the robotic arms are continuously learning about the sizes and shapes of various items. Suction cups on the end of robotic arms suspended over the moving conveyor belt can pre-sort the stream of recyclables and put them in the appropriate bin. It is not perfect, but it is getting better.

Just like the basic responsibilities we can adopt to reduce the Covid-19 spread, we can have a big impact on recycling by following local guidelines on what can go in the blue can. It is not only responsible, but it makes economic sense. If municipalities can’t get good returns from the waste-management companies because contamination is high, the municipalities will have to raise taxes.

knowable Magazine published a very comprehensive article, “Recycling meets reality”. I highly recommend reading it. If you want to see the robot arms in action and how single-stream works, watch the video Rethinking Recycling.

 

 

 

 

  

News from johnpatrick

Recording of mobile voting available for viewing

Paper ballot stories continue to get more exciting. It is clear the votes will not all be counted by midnight on November 3. It may take weeks, and possibly longer based on legal challenges. I am hoping things will be orderly at the polls and people will understand the process. I offered my perspective on our voting process last Tuesday night in a Zoom webinar. Some people had trouble logging in or missed the webinar, so I have a recorded version available. You can watch it here

I will be doing a fifth video webinar about mobile voting and paper ballot issues for Founders Hall on Monday, October 19 and for Ridgefield Men’s Club on Wednesday, November 4, 2020.

Wall Street and the MAGFA Stocks

Other than 1% dips by Boeing and Uber, everything was up. The MAGFA index, is now at 25.3% of the S&P 500. The five companies maintained their market values, still spectacularly high, but nothing goes straight up forever. The techs are strong even though under pressure from both political parties who are picking on them and preparing legislation. I cannot see how breaking them up could be done successfully.

John’s MAGFA Market Cap (10/09/20 4:00pm ET)
 ClosingMarket CapLastChange in%
 PriceTrillionsWeekBillionsChange
Microsoft$216$1.6$1.6$634%
Apple$117$2.0$1.9$1005%
Google$1,515$1.0$1.0$303%
Facebook$264$0.8$0.7$538%
Amazon$3,287$1.6$1.6$463%
      
Total $7.1$6.8$2924%
      
S&P 500 9/30/2020
 $27.9   
      
MAGFA/S&P 500 25.3%24.3% 4%
      
Bitcoin$11,044$204.6$194.0$115%
      
Boeing$167$94$95-$1-1%
Royal Caribbean$71$15$14$19%
Tesla$434$404$390$144%
Uber$37$65$66-$1-1%
Zoom$492$140$138$21%
Note: These five stocks and Bitcoin are in billions not trillions
     
     
     

Note: My father gave me the following investment advice many years ago, “Don’t give any, and don’t take any.” Wise man. I am not recommending buying or selling any of the stocks, startups, crypto, or indexes I write about.

Fifty-seven percent of consumers around the world own pets according to more than 27,000 online consumers who were surveyed in 22 countries.[i] Dogs are the most popular pet globally. The United States is a particularly pet-friendly country with 78 million dogs in their homes.[ii] In the future, many human-owned dogs may be robots. It is possible they will provide companionship comparable to live dogs. This is important, especially in these difficult times. According to Ageless Innovation, a Pawtucket, Rhode Island maker of health, wellness and fitness products, a study of 271 independently living seniors who suffered from loneliness found “there was improvement in their mental well-being, in sense of purpose and optimism” after 30 days with a robotic pet cat or dog.

Bridget Carey is an American technology journalist and host of CNET Update. In November 2018, she had a special opportunity to take the new Sony Aibo robot dog into her New York apartment for a week. What made the review opportunity special was she has a dog and a two-year-old daughter. Watch video of Bridget, her daughter, and Aibo, “My Week with Aibo: What It’s Like to Live with Sony’s Robot Dog“.[iii] and watch a video review of Aibo with the Washington Post at end of story.

Sony has been making robotic pets for more than 20 years. As technology has evolved, so has the robo-pup. The latest version of Sony’s Aibo, pronounced eye bo, became available in the United States at the beginning of 2019. Aibo could be perceived as a home automation device when you consider all of its sensors and cameras. In reality, it is nothing like a smart home device. The giveaway is the wagging tail and the way Aibo trots around your home. Aibo’s goal is not home security or automating your lights. In Japanese, Aibo means “pal” or “partner”, and its sole mission is companionship. Ms. Carey’s two-year-old child found Aibo a delightful addition to the family. Her Golden Labrador did not find Aibo at all interesting. Aibo may cause chronically ill seniors to think less about their aches, pains, and loneliness and more about their pet.

A companion Apple or Android mobile app enables you to set Aibo’s gender to male or female. This affects the pitch of Aibo’s voice and how he or she walks. You can also set the color of Aibo’s eyes, teach it new tricks, and even take photos with the camera in its nose. He or she can understand more than 50 voice commands. All of this is made possible by a plethora of technology components inside the 12 inches tall, 12 inches long, 7 inches wide, 5-pound robot including a super-fast computer chip, OLED displays (eyes), an audio speaker, four microphones, two cameras, a dozen sensors, and Wi-Fi.

In terms of movement, Aibo has 22 degrees of freedom (DOF). To put this in perspective, the human body has 244. For example, our hands have 27 DOF. Each of our four fingers can move in four different ways. The thumb has five DOF, and the wrist has six. Aibo stands out versus any toy or consumer robot with its 22 DOF. Its head can move along three axes, one each for the mouth, neck, and waist. Each leg (front and back paws) has three axes. Each ear has one DOF and the tail has two.

The purpose of all the technology is to make the beagle-looking Aibo seem like a real puppy. Reviewers say the mission was accomplished. A review in TechCrunch said,

A long press of the power button on the collar wakes him up. He stirs slowly, from a near fetal position, his paws extending outward with a stretch. He acknowledges his limbs with a yawn and slowly stands, shaking himself out as though he’d just run through the sprinklers in the yard.[iv]

Aibo uses artificial intelligence and deep learning technology to recognize and remember 100 friends and family. He remembers what makes different people happy based on their reactions. As Aibo learns its environment and develops relationships, its personality becomes unique. As an owner, Aibo becomes uniquely your Aibo. After Bridget Carey at C|NET spent a week with Aibo in her home, she said,

Aibo loves praise with a nice rub on the head, chin and back — or give him some positive verbal feedback. (“Good boy!”) Teach him tricks and watch him respond to voice commands. Cameras and sensors on his front side help the dog sense nearby people, as well as find his signature pink toy ball, bone and charging station. A camera near his bum points to the ceiling to map the layout of your home, so over time he learns how to get around.[v]

Aibo connects to the Sony cloud which uses artificial intelligence to help Aibo become increasingly more real. The nice thing is you don’t have to take him for a walk several times a day. The only downside is the cost – Aibo sells for $2,900. A friend of mine pointed out the price tag is cheap compared to a real dog’s veterinarian and food costs. For those who love their real dogs, Aibo is no replacement. However, for millions of infirmed seniors, Aibo could be heaven sent.

[i] Steve Dale, “World Pet Population Data a Mixed Bag,”  Steve Dale Pet World (2016), https://stevedalepetworld.com/blog/world-pet-population-data-mixed-bag/

[ii] Tammy Dray, “Number of Dogs & Cats in Households Worldwide,”  the nest (2018), https://pets.thenest.com/number-dogs-cats-households-worldwide-8973.html

[iii] Bridget Carey, “My Week with Aibo: What It’s Like to Live with Sony’s Robot Dog,”  c|net (2018), https://www.cnet.com/news/my-week-with-aibo-what-its-like-to-live-with-sonys-robot-dog/

[iv] Brian Heater, “Up Close and Hands-on with Sony’s Aibo,”  TechCrunch (2018), https://techcrunch.com/2018/12/20/up-close-and-hands-on-with-sonys-aibo/

[v] Carey, “My Week with Aibo: What It’s Like to Live with Sony’s Robot Dog”.

News from johnpatrick.com

Recording of mobile voting available for viewing

Paper ballot stories continue to get more exciting. It is clear the votes will not all be counted by midnight on November 3. It may take weeks, and possibly longer based on legal challenges. I am hoping things will be orderly and people will understand the process. I offered my perspective on our voting process on Tuesday night in a Zoom webinar. Some people had trouble logging in or missed the webinar, so I have a recorded version available. You can watch it here

I will be doing a fifth video webinar about mobile voting and paper ballot issues for the Ridgefield Men’s Club on Wednesday, November 4, 2020.

Is Mobile Voting Actually Happening Anywhere?

Amelia Powers-Gardner is the County Clerk in Utah County. She totally gets it. Listen to an interview with her and you will wonder why more of our 3,141 counties don’t think like her. She explains the reasons well.

Wall Street and the MAGFA Stocks

The MAGFA index, is holding steady at 23% of the S&P 500. The five companies maintained their market values, still spectacularly high, but nothing goes straight up forever. The techs will fall under pressure at some point as both political parties are picking on them and preparing legislation. The largest gain in the stocks I track was in Uber. They have made a bold move in freight trucking and have gained approval in London for ride sharing after a long legal battle.

John’s MAGFA Market Cap (10/02/20 4:00pm ET)
 ClosingMarket CapLastChange in%
 PriceTrillionsWeekBillionsChange
Microsoft$208$1.6$1.6-$30-2%
Apple$114$1.9$1.9$00%
Google$1,467$1.0$1.0$00%
Facebook$262$0.7$0.7$00%
Amazon$3,139$1.6$1.6$00%
      
Total $6.8$6.8-$300%
      
S&P 500 8/31/2020
 $28.9$28.9  
      
MAGFA/S&P 500 23.4%23.5% 0%
      
Bitcoin$10,541$194.0$198.0-$4-2%
      
Boeing$168$95$88$78%
Royal Caribbean$65$14$14$00%
Tesla$419$390$380$103%
Uber$37$66$60$610%
Zoom$486$138$141-$3-2%
Note: These five stocks and Bitcoin are in billions not trillions
     
     
     

Note: My father gave me the following investment advice many years ago, “Don’t give any, and don’t take any.” Wise man. I am not recommending buying or selling any of the stocks, startups, crypto, or indexes I write about.

Many thanks to my friend Hansueli in Switzerland for catching the mistake in this morning’s e-brief. The Zoom webinar will be on Wednesday, September 30, at 7pm, not Thursday. Please register here to watch it. Any questions, feel free to contact me at [email protected].

Please join me for a webinar on Wednesday, Septembeer 30, at 7pm. I will be discussing how the future of elections in the United States could be much brighter than what we are currently facing. In research for my book, Election Attitude – How Internet Voting Leads to a Stronger Democracy, I learned a lot about the American election system. It is not a pretty picture. In 2016, 100 million could have voted but did not. Millions of votes are thrown out because of mistakes with the ancient paper ballot system.

The Zoom webinar is sponsored by the Danbury, Connecticut Public Library. Anyone from anywhere can watch, and there will be plenty of time for Q&A. Voting is an important and timely subject, and I know there are many questions. Is mobile voting safe and secure? How does it work? Are the votes verifiable? What about people who do not have a mobile device? How soon could mobile voting be made available? I will do my best to answer these and other questions. 

To register for the webinar, click here or on the picture above. The library registration form will ask for your name, email, and phone number. The email is so you can receive a link to join the webinar. The phone number is for use in case of a technical problem. Your information will be safe. You can trust local public libraries. Any questions, feel free to contact me at [email protected]. I will donate 100% of the proceeds to the Library for any book sales online next week. See the books at johnpatrick.com.

Do Hobbies Have A Role In The Pandemic?

Millions of people are down and out as a result of the pandemic. Each day is a struggle for them, and they have no spare time. Tens of millions stand in line for food to feed their families. Fortunately, there are numerous charities such as America’s Food Fund which has raised more than $37 million to support hundreds of food banks. Websites such as PowerOf.org act as a clearing house to match up volunteers with the many needs, some of them virtual, of people impacted by Covid-19.

Others who are more fortunate and have more time on their hands, turn to hobbies they may have left dormant. I once asked a friend, who had retired from his decades-long career, what his hobbies were. He said he had no hobbies. I asked him how he spent his time. He said traveling to visit with grandchildren is the activity he always looks forward to. Travel is a hobby loved by people of all ages. Grandparenting doesn’t appear in lists of hobbies I have seen, but it is a serious endeavor. It may sound a bit impersonal but, to me, spending time with grandchildren easily qualifies as a bona fide hobby.  Jill Savage, founder of Hearts at Home and author of 14 books, said that grandparenting allows people a second chance to influence the life of a child. Unfortunately, the pandemic has made it more difficult for grandparents and grandchildren to get together.

Many people have one enjoyable hobby consuming much of their time.  For example, more than a few friends of mine have a hobby of playing golf. Most of them say the game frustrates them to no end but, nevertheless, they love it and spend an amazing amount of time at it. One friend told me social distancing is easy in golf, and you benefit health wise at the same time.  There are other similarly engaging hobbies such as gardening, reading, sewing, writing, and many more.

Contributors on Wikipedia have compiled a comprehensive list of hobbies. The list is organized into four categories: General, collecting, competitive, and observation. Each category is further segmented into Indoors and Outdoors. The largest segment is General – Indoors with 148 hobbies. A few examples include Acrobatics, Astronomy, Book discussion clubs, Calligraphy, Djing, Furniture building, Glassblowing, Hula hooping, Knot tying, Lock picking, Poi, Sewing, Taxidermy, Wikipedia editing, and Yo-yoing. If some hobbies in this sample are things you have never heard of, you are not alone. The total list of hobbies includes 367.

In our working lives, we generally need approval for things we do, we must follow certain guidelines on the way we do things, and we get evaluated on how well we do things. Our personal lives are quite different. We can partake of hobbies in our leisure time. It is like “play time” in the adult world. Selecting hobbies is totally up to us, and there are no reviews and approvals required.

Hobbies can add fun, excitement, and enjoyment to our daily lives. Hobbies can bring people together, enable us to meet new people, and help us develop new skills which make us a better person. These benefits help us realize a new dimension to our lives. Even if we really love our job, hobbies can add pure enjoyment to the mix of our activities.

Hobbies can have a positive impact beyond leisure time fun. When Goldman Sachs named David Solomon as CEO, the press covered more than his professional background and executive skills. It also wrote about his hobby as a moonlight bona fide disc jockey. Solomon is known for his passion about what he does at work and in his leisure. In the Harvard Business Review (HBR) article, “Why CEOs Devote So Much Time to Their Hobbies”, it was noted Mr. Solomon “is not an isolated case”. The authors of the article identified dozens of S&P 500 CEOs who have what is called “serious leisure” interests.

The focus of the Harvard Business Review study was on serious leisure. They found some CEO hobbies had their roots in a volunteering gig or other activity which may have started at a young age and continued for many years. The HBR team asked the question whether serious leisure makes a CEO a better leader? The data was limited and showed mixed results. They found “CEOs who are also pilots lead more innovative companies, and CEOs who run marathons show better company performance”.  The authors also noted excessive CEO golfing may actually harm shareholder value. I doubt my golfing friends would agree.

The HBR research team examined why leaders invest time in leisure activities they were passionate about. They sought to learn if the activities improved their job performance. All the CEOs they researched were at companies in the S&P 500. They found 56 CEOs who had a known interest in a serious leisure activity. The researchers looked at thousands of articles and social media posts about them. One of the researchers conducted private interviews with 17 of the CEOs. All of the research focused on hobbies and what they meant to the CEOs and their ability to lead.

There is a lot more to hobbies. I have been working on a seventh book, Hobby Attitude: How Hobbies Can Make Our Personal and Professional Lives Better. It is somewhat of a 75-year biography. I have the outline completed, but writing the book is going to take a long time. I had originally planned to publish it this summer but the lock down slowed me down. The last six months have gone quickly, and my focus has been Zoom board meetings, webinars, and my weekly e-briefs. I hope you are enjoying them.

News from johnpatrick.com

Naked Ballots

We are seeing a lot of news about naked ballots. The media tends to make it political. Naked ballots have nothing to do with politics. Voting by mail is new to millions of people and many don’t read the directions. The first step is to fill out the ballot with your choices by filling in the ovals (not circling or checking them). Then you put it in the secrecy sleeve. Its just a plain envelope. You then put the sleeve in the larger envelope, sign it on the outside, and mail it. If you follow those simple steps and USPS delivers it on time (likely), your vote will be counted. The secrecy sleeve protects your privacy.

Wall Street and the MAGFA Stocks

My MAGFA index, rose 5%. The big winner otherwise was Zoom, trading above $500 and market cap rising 13% to $141 billion. 

John’s MAGFA Market Cap (09/26/20 4:00pm ET)
 ClosingMarket CapLastChange in%
 PriceTrillionsWeekBillionsChange
Microsoft$208$1.6$1.5$1007%
Apple$112$1.9$1.8$1006%
Google$1,445$1.0$1.0$00%
Facebook$255$0.7$0.7$00%
Amazon$3,095$1.6$1.5$1007%
      
Total $6.8$6.5$3005%
      
S&P 500 8/31/2020
 $28.9$28.9  
      
MAGFA/S&P 500 23.5%22.5% 5%
      
Bitcoin$10,741$198.0$201.0-$3-1%
      
Boeing$156$88$91-$3-3%
Royal Caribbean$65$14$14$00%
Tesla$407$380$412-$32-8%
Uber$34$60$65-$5-8%
Zoom$497$141$125$1613%
Note: These five stocks and Bitcoin are in billions not trillions
     
     
     

Note: My father gave me the following investment advice many years ago, “Don’t give any, and don’t take any.” Wise man. I am not recommending buying or selling any of the stocks, startups, crypto, or indexes I write about.

What Is The Future of Vaccines?

Humans have been very fortunate to have been protected by vaccines for more than two centuries. The path to get from the identification of an infectious disease to have an effective vaccine is complex, to put it mildly. The issues include research and development, testing, procurement of dependable funding, scaleable manufacturing, equitable and efficient distribution, assured safety, management of public fears of inoculation, and global political considerations. What used to take years, now takes months. Why? It has nothing to do with politicians pushing to go faster. It has everything to do with bioinformatics, genomics, AI, machine learning, cloud computing, and synthetic biology. I believe the transition from years to months will continue to days and maybe even hours.

First, consider how we have developed flu vaccines in the past. It would start with a mucus sample received in the mail. Laboratory scientists and technicians would tediously isolate the virus. Next, they would inject a sample of it into chicken eggs, and then let them incubate. The vaccine selection and production process would take six months or more. Meanwhile, the flu virus has mutated and the vaccine may not work very well. This is why vaccines are administered on an annual basis, to make a best guess as to what the virus will look like by the end of the six month process and then produce enough vaccine to immunize the population.

I first wrote about synthetic vaccines in 2013. It looked like a pipe dream to many, but it is now becoming a reality. The Bill and Melinda Gates Foundation has put $60 million into coronavirus research including for a synthetic biology (synbio) effort. Synbio is mostly about the design and construction of new biological parts, devices, and systems, and the re-design of existing, natural biological systems. More specific to the issue of the day, synbio may replace the DNA and RNA ingredients mother nature has provided for the development of vaccines with synthetic ingredients. As I mentioned above, the huge advances in cloud computing, AI, genetic sequencing, and collaborative tools are making timelines possible which were unthinkable in the recent past. The best is yet to come.

A vaccine made from synthetic ingredients can potentially offer some significant advantages. The big one is scalability. Synbio vaccines could be produced efficiently for millions or even billions of doses. Another advantage is synthetic ingredients do not need to be refrigerated. This would be a huge benefit for places like sub-Saharan Africa. The need for refrigeration is one of the barriers to rapid and global distribution of vaccine. Moderna and Pfizer’s COVID-19 vaccine candidates require ultra-low temperatures, raising questions about storage, distribution. Moderna’s coronavirus vaccine candidate, requires a storage temperature of -4 degrees Fahrenheit, yes minus. BioNTech and Pfizer’s candidates need to be stored at -94 degrees Fahrenheit.

Synbio vaccines are developed using computer models, not flasks and test tubes. With billions of calculations, a nanoparticle can be designed which has the exact properties desired. The really big breakthrough with synbio is the attachment of viral molecules to the nanoparticle. Neil King at the University of Washington and his synbio colleagues knew there would be another coronavirus epidemic, like the SARS and MERS outbreaks before the current Covid-19 outbreak. King said, “…there will be another one after this,” perhaps from yet another member of this virus family. We need a universal coronavirus vaccine.” One vaccine for all corona viruses. That will be the breakthrough.

Fortunately, there are a lot of very smart people working on this. SynBioBeta is an innovation network for biological engineers, investors, innovators, and entrepreneurs who share a passion for using biology to build a better, more sustainable universe. SynBioBeta hosts The Global Synthetic Biology Summit in San Francisco in October each year. SynBioBeta says the Summit,

Showcases the cutting-edge developments in synthetic biology that are transforming how we fuel, heal, and feed the world. And we provide ample opportunities to meet and explore with the bright minds building the bioeconomy.

Dr. Craig Venter, an American biochemist, geneticist, and entrepreneur known for being one of the first to sequence the human genome, is an advocate for a new and innovative digital approach for the development of vaccines. Venter said the process used for developing the H1N1, otherwise known as swine flu, vaccine took many months and the supply was barely adequate to cover healthcare workers. He said if the H1N1 virus had been as deadly and widespread as some had forecasted, we would have had a very bad situation.

Venter envisions vaccines being developed using synthetic DNA instead of “billions of eggs”. He has written how DNA data about a virus to be protected against can be developed into a digital recipe and emailed to laboratories which could then begin production of the vaccine at facilities all over the world within 12 hours. The Covid-19 crisis has caused an increase in the sense of urgency to approve new ways of thinking such as this.

One final thought about the future of vaccines has to do with syringes, essential for delivering vaccine. I will be the first to admit, I don’t like needles. My wife and daughter, both nurses, think I am a wuss. I am not afraid, I just don’t like the experience. Unfortunately, many people are afraid for themselves or their children and transfer the fear into inaction and, in some cases, spreading the fear. The fear jeopardizes their own health and also the path to a herd effect and strong public health.

Syringes could become a thing of the past. Scientists at the Hilleman Labs in India have developed micro-patches which can be used for routine immunizations. The patches are cheap to produce and easy to store without chilling. The patches don’t need special training to be applied, and potentially will be able to be used by consumers at home. Delivered by drones, the patches could become a potential lifeline for rural and poor families around the world. Vaccination by patches could become a reality before the end of the decade. 

And let us not forget the importance of flu vaccinations. I believe most doctors will recommend October as the ideal time to get the shot. Hopefully, a covid vaccine will be widely available in the Spring or earlier. In the meantime, as Dr. Fauci, Dr. Redfield,  and others have urged, the best thing we can do to avoid spikes in cases and mortality is to do a good job in hygiene, distancing, and masks. Those who are opposed to masks are unknowingly being selfish. The subtly is the mask is not to protect us, it is to protect others. If we all wear them, it is a win-win.

 
News from johnpatrick.com

Politics

Since I started writing my blog in 1995, I have never written about politics or voiced a political opinion. I have opinions like all of us, but I discuss them in quiet with friends, not in my blog. However, when it comes to voting, I have been taking an active position since my friend Tom urged me to write Election Attitude – How Internet Voting Leads to a Stronger Democracy in 2016. In all modesty, the book is becoming more and more relevant each day.

One of the things I wrote about was Ranked Choice Voting. The concept is to have open primaries where voters pick their top five candidates. They can be all from one party or each from a different party. In the general election, voters rank their choices. The method is intriguing and solves a lot of political problems. It is being used in Maine and momentum for it is building across the country. I watched an outstanding webinar on this subject last week.

It was called The Future of American Elections:Innovating for a more reflective government. The two presenters interviewed are experts and they discuss the subject in a non-partisan way. If you are at all interested to learn more about this new approach to democracy, I highly recommend watching it.

Ballot Fiasco Continues

As we approach November, the paper ballot stories will get more and more exciting, to put it mildly. It is clear the votes will not all be counted by midnight on November 3. It may take weeks, and possibly longer based on legal challenges. I am hoping things will be orderly and people will understand the process. Facebook is doing a good job to provide education. Mark Zuckerberg and his wife have personally donated $300 million to the States to help them prepare. 

I will be doing a third video webinar about mobile voting and will be discussing paper ballot issues. The webinar will be at 7pm on Wednesday, September 30, 2020. The Zoom event is open to anyone from anywhere in the world. The event will be hosted by Danbury Library and you can sign up here.

Apple iOS 14 for iPhone

The new Apple software released on Wednesday is really great. Many new improvements, especially in privacy. They are really distinguishing themselves from Facebook and Google in this regard. The new updates include a bunch of stuff you can do to change how your home screen on the iPhone works. There will be a flood of Widgets which allows you to see more at a glance and select apps very easily. You can create Smart Stacks of widgets on your home screen that automatically rotate. It takes some practice to get the hang of it, but I am finding it worthwhile. There are many articles which are helpful. For starters, I recommend this one.

Wall Street and the MAGFA Stocks

My MAGFA index, is now at a 23% share of the S&P 500. The five companies lost 11% of their value or $810 billion, still spectacularly high, but nothing goes straight up forever. The tech sell off may be partly a return toward reality but may also be related to Congress which has launched a bipartisan set of threats. Tesla, Uber, and Zoom were all up substantially. Tesla, now the world’s most valuable car company, hit another milestone. Its $400 billion value passed Johnson & Johnson on Wednesday. Barron’s reported there are only seven companies in the S&P 500 index worth more.

John’s MAGFA Market Cap (09/18/20 4:00pm ET)
 ClosingMarket CapLastChange in%
 PriceTrillionsWeekBillionsChange
Microsoft$200$1.5$1.6-$100-6%
Apple$107$1.8$2.1-$300-14%
Google$1,460$1.0$1.1-$100-9%
Facebook$253$0.7$0.8-$110-14%
Amazon$2,955$1.5$1.7-$200-12%
      
Total $6.5$7.3-$810-11%
      
S&P 500 8/31/2020
 $28.9$27.1  
      
MAGFA/S&P 500 22.5%25.3% -11%
      
Bitcoin$10,784$201.0$196.2$52%
      
Boeing$161$91$97-$6-6%
Royal Caribbean$65$14$15-$1-7%
Tesla$442$412$390$226%
Uber$37$65$59$610%
Zoom$439$125$104$2120%
Note: These five stocks and Bitcoin are in billions not trillions
     
     
     

Note: My father gave me the following investment advice many years ago, “Don’t give any, and don’t take any.” Wise man. I am not recommending buying or selling any of the stocks, startups, crypto, or indexes I write about.

As expected, the UBI post generated a lot of feedback.  I have appended a handful of the emails I received below (without identity). I agree with naysayers the UBI solution is far from perfect, but I continue to respond with, “What is your alternative?” There is a high probability millions of jobs will be eliminated, so what do we do?

One factor to consider is overall federal, state and local government safety nets. The 13 federal safety net programs such as food stamps, earned income credits, and other direct subsidies to those in poverty, plus Medicaid, cost $971 billion in fiscal year 2018. Including state and local subsidies, it was more than a $trillion. The cost to give everyone in poverty an amount to bring them just above poverty would cost $172 billion. In 2019, taxpayers spent more than double that to help families and individuals below the poverty line. Could it be the cost of administering the 13 federal programs and dozens of state and local programs is excessive? Is it possible a UBI would be less expensive? Following is the feedback from people I know to be very smart and thoughtful.

John, 
UBI.  There is more and more being written about this approach to a social parachute.  Some years ago I actually listened to a businessman and a labor leader agree on the subject. Now with thousands of evictions looming, UBI may be arriving on a broad scale in 2021.

Hi John,
I think a UBI makes sense although it makes less sense for people earning
say, >75.000/yr.  I would like to see more money spent on rebuilding this
country’s infrastructure and on attempts to mitigate the impending
catastrophe of climate warming   That would include, of course, eliminating
the use of fossil fuels for all energy needs….increasing solar, wind and
atomic (see small atomic devices for individual cities, increased
battery storage, etc.  The problem could well be the lack of necessary
workers.  All these projects should pump a huge amount of money into
the economy and tax revenue.

John, you are right that something has to be done here. I’m not sure either. I know my dad was writing about this in the 50s!  He was a speechwriter for Henry J Kaiser and could see that automation was the future of manufacturing, but what about customers if there were many fewer workers to earn a wage?  And he worried about the leisure time. Many social aspects of this besides the economic impact. Keep beating the drum. Thanks again,

Very interesting blog!!! Unfortunately you only gave the PRO side of the discussion and not the CON side.

    1) Very inflationary.. costing 2-4 trillion a year ….. Every year not just the COVID years. Bringing into play the Law of Unintended Consequences
     2) Lack of incentive to work which is very important to people’s psyche.( results of 2 Negative income tax trials( Seattle and Denver). Owen Cass a senior fellow at The Manhatten Institute says it would make work seem “optional”.
     3) you quote some proponents (Branson)  how about opponents  Bill Gates” we are not rich enough to give up work incentives”
     4) We’ve done a pretty good job being a capitalistic country to take up such a socialistic and communistic approach! Where we can name failure after failure ( Cuba, Venezuela etc)
     5) Has been tried in some studies ( besides Denver and Seattle) like Finland that showed “Disappointing results from the Finnish Basic Income Experience”
As Michael Sykes states ” In a UBI world ,those who choose to work will support those who choose not to- not those who can’t work but those who won’t… that’s not a world I want to live in”. Enjoyed the blog but very one-sided. Of coarse I guess that’s the purpose of blogs! 

John , thanks for your piece on the UBI. I believe the combo of AI and the pandemic will make the jobs and poverty problem serious as soon as we get tired of the current bailout programs. I worry that the UBI proposals for the most part are another simple solution to a very complex problem and don’t think many proponents are studying the results of todays safety net programs. Would love to see you do some writing on the secondary problems of what can we do to deal with the resulting lack of need for individuals to be productive members of society and dependent on the government for their livelihood. Thanks for your articles and best to you.

As always, a very thoughtful blog. I just posted this entry based on a recent essay by two of the co-leaders of MIT’s Work of the Future task force, whose final report comes out later this year.  One of the co-authors, David Autor, is one of the world’s leading labor economists.

Never thought I could support something like UBI but I’ve been thinking more positively about it recently.

Will UBI Follow The Pandemic?

From everything I have read, the looming recession, which some experts are calling a possible recession within a recession, is likely to permanently eliminate millions of jobs. Some economists see visions of 2008 and a long recovery to get lower-income workers back on their feet. If we are lucky, and a well-designed stimulus package emerges, perhaps the impact on workers will be buffered. Even if this optimistic case becomes reality, the long term outlook may turn out to be much worse. 

The impact of robots and AI varies greatly in different countries around the world. Unfortunately, in the United States, we will have a large number of people who lose their jobs. Some will be redeployed to similar positions. Some will be able to be retrained to qualify in new occupations. However, new AI technologies such as Robotic Process Automation (RPA) are going to have a huge impact. For example, RPA will enable many old-fashioned paper-based or redundant processes to be eliminated. Forrester Research estimates RPA will cause the loss of 230 million or more workers worldwide, or approximately 9 percent of the global workforce.

I cannot think of an industry which is immune. Some pessimists believe nearly all radiologists will be replaced by an AI. Autonomous vehicles will impact millions of taxi, bus, and truck drivers. Robots are immune to viruses, and will flip burgers and deliver packages. I believe the pandemic will accelerate the pace of adopting robots. AI and robotics will create millions of new jobs, but I believe many more millions of people will end up with no job because there are no jobs available or they will end up with dead end low paying jobs. Those jobs won’t provide adequate income to sustain their home and family obligations. The hodgepodge of state, local, and federal government subsistence programs may help, but not sufficiently.

Some of the top dogs in the tech world are thinking about the impacts of robots and AI. They have ideas. Chris Hughes, the 36-year-old cofounder of Facebook, whose net worth is estimated at $500 million, believes the amount of money he received as a cofounder of Facebook is way out of proportion compared to his contribution to the company. He believes automation and elimination of jobs is going to increase income inequality. He believes the time has come to consider new and bold ways to make the economy work better for all Americans. He is co-chair of the Economic Security Project, which is a network of people committed to advancing the debate on unconditional cash and basic income in the United States.

The Economic Security Project believes, in a time of immense wealth, no one should live in poverty, nor should the middle class be consigned to a future of permanent stagnation or anxiety. Hughes believes a universal basic income (UBI) can help solve the inequality problem. He says his proposal could provide stability to every lower-middle income taxpayer by providing a monthly $500 supplement. He proposes to implement the supplement through the Earned Income Tax Credit (EITC). You can find the details of how the EITC could pick up the tab in Robot Attitude: How Robots and Artificial Intelligence Will Make Our Lives Better. Hughes says his UBI proposal would cut American poverty in half. 

Although many politicians are not willing to take on the issue, pilot UBI programs are under way and may reveal whether the concept can be as beneficial as Hughes espouses. Stockton, CA is giving 130 residents $500 a month for 18 months through a program called the Stockton Economic Empowerment Demonstration (SEED). Stockton has experienced significant financial disarray, and one in four residents live below the poverty line. The 130 residents will receive a debit card which will get $500 applied to it each month with no restrictions on the expenditures.

The experiment will enable researchers to evaluate the following: how people spend the money, whether they spend more time with family, change jobs, quit jobs, get new jobs, whether health and healthcare are affected, and whether people perceive an improved quality of life. There will be many debates about what constitutes success for a UBI pilot program.

UBI has its opponents. Some say it is too expensive and doesn’t really solve the many problems of an evolving economy. Others say, instead of giving cash handouts, the government and companies should work together to create innovative training and redeployment solutions for those who lose their jobs due to automation.

Some tech billionaires have expressed support for UBI or expressed a view it is inevitable because there is no good alternative. I believe Richard Branson, the billionaire serial entrepreneur and founder of the Virgin Group, summed up the issue very well when he said,

With the acceleration of artificial intelligence and other new technology, the world is changing fast. A lot of exciting new innovations are going to be created, which will generate a lot of opportunities and a lot of wealth, but there is a real danger it could also reduce the amount of jobs. This will make experimenting with ideas like basic income even more important in the years to come.

At a Nordic Business Forum, Branson told Business Insider Nordic in Helsinki,

Basic income is going to be all the more important. If a lot more wealth is created by AI, the least the country should be able to do is that a lot of that wealth that is created by AI goes back into making sure that everybody has a safety net.

Sam Altman is the President of Y Combinator, a top Silicon Valley tech incubator. Altman is a self-made multimillionaire, and he has been vocal about why UBI is a good idea.

Eliminating poverty is such a moral imperative and something that I believe in so strongly. There’s so much research about how bad poverty is. There’s so much research about the emotional and physical toll that it takes on people. I think about the amount of human potential that is being wasted by people that are not doing what they want to do. I think about how great it would be to undo that. And that’s really powerful to me.

Y Combinator is leading an experiment to better understand UBI by giving residents of Oakland, CA cash supplements to see how the money affects behavior. 

Andrew Yang, 45, was a 2020 Democratic Presidential candidate. Mr. Yang was a tech startup entrepreneur for ten years but is a political neophyte. In 2012 Yang was called a “Champion of Change” and in 2015 he was named a “Presidential Ambassador for Global Entrepreneurship”. He has a devoted following on Twitter at #yanggang. Yang believes one way to help soften the impact of automation is through use of a UBI, and this was a central part of his Presidential campaign. Mr. Yang’s proposal is for the Federal government to give each American adult a monthly check for $1,000, regardless of employment status or income. He has branded the proposed program the “Freedom Dividend.” The proposal would be funded by a Value Added Tax of 10 percent. The proposal would need Congressional support. The Wall Street Journal said it was a near certainty most politicians would balk.

Elon Musk, tech billionaire behind Tesla and SpaceX, said,

There is a pretty good chance we end up with a universal basic income, or something like that, due to automation. Yeah, I am not sure what else one would do. I think that is what would happen.

In May 2017, Mark Zuckerberg Chairman and Chief Executive Officer of Facebook, addressed the graduating class of Harvard. He talked about the future and the idea of UBI, which he described as a standard base “salary” for each member of society. He said the idea of helping to meet basic needs regardless of the work someone does is worth exploring. He said,

We should have a society that measures progress not just by economic metrics like GDP, but by how many of us have a role we find meaningful. We should explore ideas like universal basic income to make sure everyone has a cushion to try new ideas.

There are many diverse points of view about the effects of robots and AI. A robot attitude suggests we should embrace the coming technologies because they will have the potential to make our lives better as I wrote in Robot Attitude. I believe this will be true in the short term. In the longer term, the technologies will likely cause disruption in most industries and heavily in some countries and a number of U.S. counties. 

Government intervention of some kind will be needed to protect the financial integrity of individuals and to keep families from being devastated financially by automation. Government and technology leaders need to anticipate these changes and work together to ensure the longer-term effects of automation are as positive as those in the short term. Calling UBI names is not sufficient. If not UBI, well-designed alternatives need to emerge sooner rather than later. 

News from johnpatrick.com

Ballot Fiasco Continues

 As we approach November, the paper ballot stories will get more and more exciting, to put it mildly. It is clear to me the votes will not all be counted by midnight on November 3. It may take weeks, and possibly longer based on legal challenges. I am hoping things will be orderly and people will understand the process. Facebook is doing a good job to provide education. Mark Zuckerberg and his wife have personally donated $300 million to the States to help them prepare. 

I will be doing a third webinar about mobile voting and will be discussing paper ballot issues. The webinar will be in at 7pm on Wednesday, September 30, 2020. The Zoom event will be hosted by Danbury Library and you can sign up here.

Wall Street and the MAGFA Stocks

It was an interesting week for my MAGFA index, now at a 27% share of the S&P 500. The five companies lost $214 billion of value, still spectacularly high, but nothing goes straight up forever. Zoom was the star for the week after showing quadruple last year’s revenue for the quarter. The market value zoomed 23% to $104 billion.

John’s MAGFA Market Cap (09/04/20 4:00pm ET)
 ClosingMarket CapLastChange in%
 PriceTrillionsWeekBillionsChange
Microsoft$214$1.6$1.7-$132-8%
Apple$121$2.1$2.1-$35-2%
Google$1,591$1.1$1.1-$16-1%
Facebook$283$0.8$0.8-$27-3%
Amazon$3,295$1.7$1.7-$40%
      
Total $7.3$7.5-$214-3%
      
S&P 500 7/31/2020
 $27.1$27.1  
      
MAGFA/S&P 500 27.0%27.8% -3%
      
Bitcoin$10,608$196.2$212.8-$16,648-8%
      
Boeing$171$97$99-$2-2%
Royal Caribbean$72$15$15$00%
Tesla$418$390$413-$23-5%
Uber$33$59$59$00%
Zoom$370$104$84$2023%
Note: These five stocks and Bitcoin are in billions not trillions
     
     
     

Note: My father gave me the following investment advice many years ago, “Don’t give any, and don’t take any.” Wise man. I am not recommending buying or selling any of the stocks, startups, crypto, or indexes I write about.

One Step Closer To Artificial Eyes

It is widely believed the human body has approximately 100 organs. However, there is no universally standard definition of what constitutes an organ. Generally speaking, an organ is a collection of tissues joined in a structural unit to serve a common function. Our largest organ is our skin. Five organs are considered vital for survival, the heart, brain, kidneys, liver, and lungs. It is fair to say we can’t remain alive if any of the five stops working. Our life does not depend on them, but our eyes are organs vital to a normal life.

Unfortunately, organs are not perfect. They can wear out, get damaged, acquire a disease, or lose functionality due to any number of afflictions. Cancer is perhaps the most devastating. The progress of medical research has produced amazing treatment options over recent years. Traditionally, the options have been cut (surgery), burn (radiation), or poison (chemotherapy) the cancer. More recently, medical research has focused on the cutting edge of immunotherapy treatment where doctors can target markers on the cancer cells and cause the immune system to attack the cancer cells and destroy them.

Another approach, written about quite a few times in my blog, is regenerative medicine. For example, diseased liver tissue can potentially be replaced by using the patients pluripotent stem cells and 3-D printing to create tissue which can be implanted in the liver. The artificial parts of the printed tissue dissolves into the body and the stem cells become liver cells and grow into the diseased organ. Great progress is being made in this area. See Health Attitude: Unraveling and Solving the Complexities of Healthcare.

The ultimate solution in many cases in the future may be to completely replace a defective organ with an artificial one. Replacing defective joints has become commonplace. You can find stories in my blog about my experience in having my knee joint and shoulder joint replaced with artificial joints. In October, my other shoulder will become artificial. One more step toward becoming a bionic man, and another step toward the singularity. For more about the singularity, see
Robot Attitude: How Robots and Artificial Intelligence Will Make Our Lives Better. 

I don’t know for which of all human organs it would be most difficult to create an artificial replacement. The human eye is a likely candidate. An international team of scientists at the Hong Kong University of Science and Technology (HKUST) has been working on the challenge for almost ten years. The team has recently had a breakthrough and has developed the world’s first 3D artificial eye with capabilities better than existing bionic eyes. Existing artificial eyes are basically spectacles with external cables. They do allow the wearer to see something on a computer screen, but the 2D resolution is poor. 

The Electrochemical Eye (EC-Eye) developed at HKUST, replicates the structure of a human eye for the first time. The breakthrough is a 3-D artificial retina constructed from nanowire light sensors. The nanowire sensors mimic the photoreceptors in human retinas. A research experiment replicated a visual signal transmission of what the artificial eye sees and displayed it on a computer monitor. The complexity of what has been created is mind-boggling. See picture above.

The researchers believe the artificial eye will ultimately have sharper vision than a human eye, and offer additional functions such as the ability to see in the dark. The first beneficiary of the artificial eyes will likely be humanoid robots, but ultimately, the artificial eyes will offer new hope to millions of patients with visual impairment.

Prof. Fan Zhiyong and Dr. Gu Leilei from the Department of Electronic and Computer Engineering at HKUST have been working on this research for nine years. They are collaborating with researchers at the University of California, Berkeley. The next step will be to connect the nanowires to the human nerves and create vision in the brain. Many enhancements are needed, but this is not science fiction. I believe the medical capabilities we see in the next 10 years across all areas of medicine will far exceed what we saw in the last 100 years. 

Note: You may wonder how big is a nanowire. A nanowire has a dimension on the order of a nanometer. Visualize a human hair. One hair could contain 65,000 nanowires. If you think of the relationship between one mile and one inch, one mile is 63,360 inches. A human red blood cell is 6,000-8,000nm across,  and the diameter of the coronavirus is 50-100nm.

Source: World’s first spherical artificial eye has 3D retina — ScienceDaily

Scientists have developed the world’s first 3D artificial eye with capabilities better than existing bionic eyes and in some cases, even exceed those of the human eyes, bringing vision to humanoid robots and new hope to patients with visual impairment.

 

News from johnpatrick.com

 

Space fans get a treat this week

Four missions are scheduled to launch from Thursday to Sunday (Aug. 27 to Aug. 30). Three launch from Florida’s Space Coast, one from New Zealand.

The action was to begin early Thursday morning. A technical snag postponed the launch to Saturday. The United Launch Alliance (Boeing and Lockheed) plans for a Delta IV Heavy rocket to lift the U.S. National Reconnaissance Office’s classified spy satellite from Cape Canaveral. You can watch the launch here. I can imagine what this satellite will be able to see!

Then, at 7:19pm on Friday (Aug. 28), a SpaceX Falcon 9 rocket was to be launched from Cape Canaveral carrying a satellite skyward for Argentina’s national space agency. A few hours later, on the other side of the world, Rocket Lab’s Electron booster was scheduled to roar to life. If all went according to plan, Electron will have launched from Rocket Lab’s New Zealand complex at 11:05pm, carrying the Sequoia Earth-observation satellite to orbit for San Francisco startup Capella Space.

SpaceX will be back in action on Sunday, launching 60 of its Starlink satellites atop a Falcon 9. Liftoff is scheduled to take place at 10:08am from NASA’s Kennedy Space Center, which is next door to Cape Canaveral Air Force Station.

SpaceX plans to provide high speed Internet access across the globe with performance far surpassing traditional satellite Internet. It plans for its Starlink satellites to deliver high speed broadband to locations where access has been unreliable, expensive, or completely unavailable. Starlink is targeting service in the Northern U.S. and Canada in 2020, rapidly expanding to near global coverage of the populated world by 2021.

We might even get a fifth rocket launch in the same timespan. California-based startup Astra plans its first orbital mission from the Pacific Spaceport Complex on Alaska’s Kodiak Island.

Beyond the Pandemic: Has Voting Changed Forever?

The Chamber of Digital Commerce webinar last week was a dynamic conversation about the future of voting, featuring a high profile panel with election officials and cybersecurity experts—all in the thick of the election season. The video is worth watching. Following are some of the quotes from the panels.

“The key to West Virginia’s perspective [on elections] is providing voters options. Options to those people at the far fringes of the world, our military on the hillsides of Afghanistan and in submarines, under the polar ice cap—perhaps even to astronauts out there in outer space.”

— Sec. Mac Warner, West Virginia Secretary of State

“I can’t imagine a more important group to have a vote than our military. They’re defending our right to vote and we make it so hard for them to vote.”

— Jonathan Johnson, President of Medici Ventures, CEO of Overstock

“We no longer live in an era where only white male property owners get to vote. We live in a country where every eligible voter, regardless of their socioeconomic status, gender or the color of their skin gets to vote. And if we are using an antiquated system that leaves out single moms or people in inner cities, or people with disabilities or people under the age of 30, then we are changing the elections by doing that.”

— Amelia Powers Gardner, Utah County Clerk/Auditor

“I think the drivers are the combination of the necessity to ensure voter turnout, and the necessity to make available the ability to vote when you are posted on a hillside in Afghanistan and you don’t have access to first-class mail, and when you are a disabled person in this country — these are increasingly more visible problems.”

— Emily Frye, Director of Cyber Integration at MITRE Public Sector

“We went with mobile voting when I started looking at our overseas and military and our disabled population. The methods they were given were unreliable…When you start dealing with an overseas population, vote-by-mail becomes a lot more sporadic and really unreliable. The other option they were given was email. Email was absolutely not secure, and it waived their right to a secret ballot.”

— Amelia Powers Gardner, Utah County Clerk/Auditor

Paper Ballot Fiasco

The paper ballot stories will get more and more exciting, to put it mildly. Bob Reby and I will be doing a third webinar about voting and will be discussing the paper ballot issues. The webinar will be in late September. The Zoom event will be hosted by Danbury Library. Stay tuned for details. 

Wall Street and the MAGFA Stocks

It was an incredible week for my MAGFA index, now at a 27.8% share of the S&P 500. The five companies gained more than $300 billion for the week. Apple still on the way to the Moon, or maybe Mars. Bitcoin slipped 1.6%. Hard to say what BTC correlates to. Sort of like Gold but many other global factors. After the Apple and Tesla stock splits, perhaps we will see other companies consider doing the same. Nothing goes straight up forever. Hard to figure and many experts say the prices are not justified based on earnings or anything! The short sellers have lost tens of billions on Tesla. Would take a brave person to short this market. Will cruise lines get back to normal? Can they include social distancing on a ship and still make money? Will Zoom’s many competitors knock the wind out of their sail? Likewise with Tesla. 

John’s MAGFA Market Cap (08/28/20 4:00pm ET)
 ClosingMarket CapLastChange in%
 PriceTrillionsWeekBillionsChange
Microsoft$228.91$1.732$1.612$120.007.4%
Apple$499.23$2.135$2.127$8.000.4%
Google$1,644.41$1.116$1.073$43.004.0%
Facebook$293.66$0.837$0.761$75.9010.0%
Amazon$3,401.80$1.704$1.645$59.003.6%
      
Total $7.524$7.218$305.904.2%
      
S&P 500 7/31/2020
 $27.1$27.1  
      
MAGFA/S&P 500 27.8%26.7% 4.2%
      
Bitcoin$11,519$212.8$216.2-$3,382.00-1.6%
      
Boeing$175.80$99.2$94.6$4.74.9%
Royal Caribbean$70.12$15.1$13.2$1.813.9%
Tesla$2,213.40$412.5$382.0$30.58.0%
Uber$33.80$59.2$54.0$5.29.6%
Zoom$299.27$84.4$81.7$2.73.3%
Note: These five stocks and Bitcoin are in billions not trillions
     
Bitcoin market cap from coinmarketcap.com
     

Note: My father gave me the following investment advice many years ago, “Don’t give any, and don’t take any.” Wise man. I am not recommending buying or selling any of the stocks, startups, crypto, or indexes I write about.

Is The Herd Coming?

Earlier this year, when the coronavirus first started to spread, almost nobody was immune. With no resistance, the virus spread quickly across communities around the world. The numbers suggest the virus is slowing down now, but at the same time, we can still see flareups and hotspots. What will it take to stop the virus dead in its tracks? The answer is it will require a significant percentage of people to be immune. How do we determine how many are needed and how do we get there are the key questions.

Suppose 100% of the world’s population was either vaccinated or had recovered from having Covid-19. At that theoretical state, the virus would have nowhere to attach itself and attack healthy cells. Presumably, the virus would crumble to the earth and or at least peter out. Since we are not at the 100% theoretical state, could we achieve herd immunity at 90%, 80%, 50%, or even less? Experts don’t agree. At this stage of the pandemic, it is amazing how much has been learned, but also how much is still not understood.

The pandemic is global, but a herd could be developed in a country, state, county, city, or even a neighborhood. Suppose 80% of a community is immune to the virus, four out of five people who encounter someone with the disease won’t get sick and could not spread the disease any further. In other words, the spread would be kept under control. Some researchers believe herd immunity can be achieved at 10 to 20 percent. The NY Times reported they were in the minority.

Chickenpox, measles, mumps, and polio are examples of infectious diseases once very common but now rare in the U.S. because vaccines helped to establish herd immunity. The threat of outbreaks of these diseases would only occur in communities with lower vaccine coverage. This is what happened in 2019 with the measles outbreak at Disneyland. If the forecasted rate of turning down vaccinations is 30% as some forecast, the herd immunity for coronavirus could be stymied.

Most experts agree we will need at least 70% of the population to be immune to have herd protection. If we do not discipline ourselves to physical distancing, hygiene, and masks the virus could get us to the high level in a few months. The downside is our hospitals would be overwhelmed and high mortality would follow. If we can maintain or hopefully reduce current levels of infection until vaccines become available, we may achieve herd immunity within a year. 

In the past, with diseases like chickenpox, some intentionally exposed themselves to the disease to get it over with and hope for early herd immunity. Not a great strategy, but it might actually work with chickenpox-like diseases. But, not with Covid-19. The reason is the current data suggest, according to some experts, Covid-19 mortality is 10 times higher than the flu. It is even higher among vulnerable groups like the elderly and people with weakened immune systems. It would be foolish to gamble with our healthcare providers.

From all I have read, I feel there are reasons to be optimistic. The research community and pharmaceutical companies are on a tear to get vaccines to market. There are many unknowns about the spread from children, the control of mass gatherings, the level of contagious spread, and other societal issues. However, I believe what we know for sure is social distancing, hygiene, and masks are the best defense we have. If we don’t throw in the towel, we will become part of the herd. 

 

News from johnpatrick.com

The Voting Scene

On Tuesday, I watched a webinar called “Beyond the Pandemic: Has Voting Changed Forever?” presented by the Chamber of Digital Commerce. The webinar included two panels. Both were excellent. The star of the 90 minute webinar was Amelia Powers Gardner, County Clerk of Utah County. Amelia is an advocate for mobile blockchain voting and county used it for their overseas military voters. They voted from 31 different countries. Voter participation was 45% compared to 35% in County. Her most profound comment was, “A vote not cast changes the outcome of an election just as much as a vote that’s been changed.” Acknowledging no system is perfect, she said voting precincts should compare mobile blockchain voting to the ancient paper-based error-prone we have today. We should not compare it to some perfect system we will never have. I sent Amelia a note congratulating her on a great performance. Sounded like she had read Election Attitude – How Internet Voting Leads to a Stronger Democracy.

Beyond the Pandemic: Has Voting Changed Forever?

The Chamber of Digital Commerce webinar this week was a dynamic conversation about the future of voting, featuring a high profile panel with election officials and cybersecurity experts—all in the thick of the election season. Following are some of the quotes from the panels.

“The key to West Virginia’s perspective [on elections] is providing voters options. Options to those people at the far fringes of the world, our military on the hillsides of Afghanistan and in submarines, under the polar ice cap—perhaps even to astronauts out there in outer space.”

— Sec. Mac Warner, West Virginia Secretary of State

“I can’t imagine a more important group to have a vote than our military. They’re defending our right to vote and we make it so hard for them to vote.”

— Jonathan Johnson, President of Medici Ventures, CEO of Overstock

“We no longer live in an era where only white male property owners get to vote. We live in a country where every eligible voter, regardless of their socioeconomic status, gender or the color of their skin gets to vote. And if we are using an antiquated system that leaves out single moms or people in inner cities, or people with disabilities or people under the age of 30, then we are changing the elections by doing that.”

— Amelia Powers Gardner, Utah County Clerk/Auditor

“I think the drivers are the combination of the necessity to ensure voter turnout, and the necessity to make available the ability to vote when you are posted on a hillside in Afghanistan and you don’t have access to first-class mail, and when you are a disabled person in this country — these are increasingly more visible problems.”

— Emily Frye, Director of Cyber Integration at MITRE Public Sector

“We went with mobile voting when I started looking at our overseas and military and our disabled population. The methods they were given were unreliable…When you start dealing with an overseas population, vote-by-mail becomes a lot more sporadic and really unreliable. The other option they were given was email. Email was absolutely not secure, and it waived their right to a secret ballot.”

— Amelia Powers Gardner, Utah County Clerk/Auditor

Paper Ballot Fiasco

The paper ballot stories will get more and more exciting, to put it mildly. Bob Reby and I will be doing a third webinar about voting and will be discussing the paper ballot issues. The webinar will be in late September. The Zoom event will be hosted by Danbury Library. Stay tuned for details. 

Wall Street and the MAGFA Stocks

It was a mixed bag this week but my MAGFA index maintained a 25.4% share of S&P 500. The market value of Apple skyrocketed to just shy of $2 trillion. Bitcoin had a 2% rise. Stock splits could be on the way. Barron’s said,  “Apple announced a 4-for-1 stock split and Tesla (TSLA) declared a 5-for-1 split. Stock splits have been out of fashion of late, apparently driven by the idea that high-price stocks are a mark of distinction. But the recent splits have triggered substantial gains for both Apple and Tesla shares, which will no doubt spur other companies to consider doing the same.”

John’s MAGFA Market Cap (08/14/20 4:00pm ET)
 ClosingMarket CapLastChange in%
 PriceTrillionsWeekBillionsChange
Microsoft$208.90$1.581$1.608-$27.00-1.7%
Apple$459.63$1.955$1.900$55.002.9%
Google$1,507.73$1.025$1.018$7.000.7%
Facebook$261.24$0.744$0.765-$20.50-2.7%
Amazon$3,148.02$1.577$1.587-$10.00-0.6%
      
Total $6.882$6.878$4.500.1%
      
S&P 500 7/31/2020 $27.1$27.1  
      
MAGFA/S&P 500 25.4%25.4% 0.1%
      
Bitcoin$11,788$217.6$213.4$4,173.342.0%
      
Boeing$178.08$100.5$96.0$4.54.7%
Royal Caribbean$60.50$13.0$11.2$1.816.2%
Tesla$1,650.71$307.6$270.7$36.913.6%
Uber$29.99$52.6$57.5-$4.9-8.5%
Zoom$244.91$69.1$73.0-$3.9-5.3%
Note: These five stocks and Bitcoin are in billions not trillions
     
Bitcoin market cap from coinmarketcap.com
     

Note: My father gave me the following investment advice many years ago, “Don’t give any, and don’t take any.” Wise man. I am not recommending buying or selling any of the stocks, startups, crypto, or indexes I write about.

Tired of Advertising? Get a Raspberry Pi

The Raspberry Pi is a very small computer developed in the United Kingdom by the Raspberry Pi Foundation. Their purpose is to promote teaching of basic computer science in schools and in developing countries. Raspberry may seem like a strange name for a computer, but a number of computers have been named after a fruit over the years. There was Tangerine Computer Systems, Apricot Computers, and Acorn Computers, all founded in the U.K. in the 1970s. Then of course there is Apple Computer, the original heart of the most valuable company in the world. The name Pi is not a typo. It is an abbreviation for Python, the world’s most popular computer programming language.

A Raspberry Pi computer is approximately 3.4 inches by 2.2 inches by just under a half inch. It weighs slightly more than 1.5 ounces. The amazing little computer has most everything a desktop computer has: USB ports, keyboard and monitor ports, WiFi, Bluetooth, gigabytes of memory, a very fast processor chip, and more. The most amazing thing about a Raspberry Pi computer is the cost: $35. With the addition of a keyboard, mouse, flat panel or monitor, and you can have a full-blown desktop computer for less than $150. The Raspberry Pi computers use Linux, not Windows or MacOS, but they a full suite of free software for email, texting, spreadsheets, word processing, etc.

Many Raspberry Pi computers are pre-packaged for specialized purposes. In the picture above, you will see two Raspberry Pis on my workbench at the summer home in Pennsylvania. The one in the foreground is a special purpose raspi. The pink cable connects to my home security system panel. This allows me to integrate the raspi with my home automation system. I wrote more about that in Home Attitude: Everything You Need To Know To Make Your Home Smart

The other raspi, in the red and white plastic case, is the main topic of this article. It too is specialized and is called a Pi-hole. My tech-savvy son from Boston gave it to me for my 75th birthday. The Pi-hole raspi eliminates all advertising from all my computers and devices. Without going into too much detail, I will explain how it works. 

First, a little bit about a home Local Area Network (LAN). Most all of us have something very similar. The phone or cable company provides a modem which connects directly to cable or telephone wiring. The other components needed are the router and WiFi. Some people have a single box which includes all three components: modem, router, and WiFi. Some have a modem plus a combined router and WiFi. In my case, I have three components. I have a Technicolor modem which I purchased from the cable company. A Google WiFi system is plugged into the modem. It has a router built into it. Then I have a TP-Link Switch plugged into a port on the Google WiFi router. This gives me some extra ports so I can connect other things to the LAN such as the Sonos music system. One of  the ports on the switch goes downstairs to my workshop where it connects to another switch which connects the two Raspberry Pi computers. The modem + router + switch + Wifi establishes my LAN. Any device physically plugged into one of the switches or connected by WiFi becomes part of the LAN. On a summer weekend with kids and grandkids with their iPhones and iPads plus all my devices results in up to 30 devices connected to the LAN and using the Internet. Most everybody has some variation or subset of what I described. Now, on to the Pi-hole.  

When one of the devices on the LAN makes a request to retrieve something from the Internet, such as a Google search, the request to get that page first goes to the Raspberry Pi, which is part of the LAN. The Pi-hole then looks at the requested domain, in this example google.com, and then checks it against a known list of ad servers. Needless to say, google.com is in a whitelist since we need it to make searches. When the iPhone, iPad, laptop, etc. receives the search results and then the search results page makes a number of requests for you so it can display advertisements. The Pi-hole blocks the ads. When you find a search result you want to explore, for example a story on nytimes.com, the news article page displays on the device. Then the news page makes a number of requests from the Internet you don’t see. The requests go to what are called ad servers. These are computers connected to the Internet which are full of ads. The news article page then makes requests to fill up the page with ads, on the top of the page, the sides of the page, embedded in the news article, and the bottom, everywhere, unless you have a Pi-hole, and then none of the ads will appear. What a joy!

One of the features of the Pi-hole is it provides a dashboard which you can see from any browser on a device connected to the LAN. The dashboard shows how many requests were made from any of the devices, whether it is a request on a grandchild’s iPad browser for a game or from one of the digital thermostats in the house checking in with Honeywell, or to a global server which synchronizes the time on a device, or Apple making a request to see how your Apple devices are working. I was shocked when I saw the dashboard numbers. 

As of Thursday afternoon in the past 24 hours, 23,034 requests were made from devices on my LAN. 3,009 of the requests were to blocked domains, mostly ad servers. The Pi-hole user community had identified 85,502 domains on the blocklist. The number one on the blocklist is api.mixpanel.com. Mixpanel is a for-profit business analytics service company. It tracks your interactions with web and mobile applications, and then sells tools to advertisers designed specifically to target you. Another domain in the top ten is googleads.g.doubleclick.net. This is an ad server which sends you ads based on advertising purchased by merchants from Google.

I guess some people like advertising. I sure do not. When I am reading an article or watching a video, the last thing I want is for ads to interrupt my continuity of thought, my learning. If you feel that way, consider getting a Raspberry Pi and Pi-Hole.

Which Is Worse: Power Outage or Digital Outage?

A friend in Westport, Connecticut called me yesterday from his landline. Landlines have declined due to the advancement of mobile network technology and the obsolescence of the old copper wire network. Eventually the metallic networks will be completely out of date, perhaps within the next five years. I don’t know many people who have landlines but, in my friend’s case, without his landline we would not have been able to communicate. You might say, doesn’t he have a cell phone? Yes, he has an iPhone but the cell phone tower closest to him was not functioning because of no electricity. It was not just the half-million+ Connecticut residents without power, it was also their digital infrastructure.

Most cell towers have some form of backup power. When they lose power, they resort to batteries. If the batteries run down, the towers draw power from generators, which rely on fuel. Assuming the generators can be refueled, the towers should be able to operate for days. But do they? In doing some research around the web, I found Verizon had told investors the FCC imposes specific mandates on wireless carriers including backup electric power at most cell sites. Why most and not all? In my brief research, I found cell towers typically have battery backup arrangements to support operations for two to four hours. Power outages from hurricanes usually last longer then 2-4 hours. The current outage in Connecticut started Tuesday. As of Friday afternoon, there are no firm estimates of when power will be restored. 

As we all know, our dependency on a digital infrastructure is continuously growing, even without the pandemic. The pandemic just accelerated a trend already underway. The mobile communications outage highlights two major issues: backup power to maintain the communications infrastructure, and a service attitude to walk in the customer’s shoes.

What I read from various sources is the communications companies do what the regulators specifically mandated, no more, no less. In my friend’s case the provider is AT&T. The company has $12 billion of cash on hand and it just awarded its retiring CEO a $64 million pension. (He was paid $30 million per year for the last three years.) The company has obviously put profitability and executive compensation way ahead of providing a resilient digital infrastructure for its customers.

Another glaring question is about backup technology. Where cell towers have backup, it is based on fossil fuel. Tesla Energy provides solar panels and solar rooves with accompanying Powerwalls. A Powerwall is basically a 3 feet by 4 feet by 5 inches battery. The main thing in the way of me going all out solar at the PA summer home is trees blocking a lot of sunlight. A cell phone tower would not have that problem. One or more Powerwalls could be placed at the base of the tower, and the tower could have power 24 x 7 x 365 even with hurricanes. Rather than hiring lawyers to fight with the FCC over whether two hours or four hours should be satisfactory, AT&T et al should look at the tremendous dependency their customers have on their towers.

The other major issue is Net Attitude, lack thereof. When I wrote the book twenty years ago, I thought all companies would completely get the concept in a year or two. Amazon and Apple and a few others already had it, and inspired me to write the book. Electric utilities have not been known for marketing savvy because they have been so heavily regulated. However, the increasingly more prevalent and damaging storms have caused them to realize the key to managing power restoration is communications and the way to do it is digital. 

More than 450,000 Connecticut customers remain without electricity as of Friday afternoon. Governor Lamont has declared a state of emergency and asked President Trump for a federal declaration. Eversource estimates it will have power restored to most customers by late Tuesday night, a week after Tropical Storm Isaias hit the state. The Eversource website has a comprehensive Storms & Outages section prominent on its homepage. They send regular updates to customers via text messages. Although they are overwhelmed with the scope of the outage, they at least are doing a pretty good job of communicating.

How about AT&T? What stands out on their homepage is:

AT&T: SWITCH. ADD A LINE. UPGRADE. New and existing customers get our best deal

Comcast homepage:

SHOP OUR BEST DEALS ONLINE. Get a $500 Visa® Prepaid Card Plus $10 a month off this deal when you add Xfinity Mobile after checkout.

Verizon homepage:

Devices, accessories and mobile plans. Wireless. Buy Samsung Galaxy S20 5G UW

You can see their priority. No mention of storms or outages. I searched the web for AT&T wireless outages in Westport, CT where my friend lives. Here is what I found:

An AT&T webpage labeled “Find outages in your area”

Here’s what we found for Westport, CT : 06880. Your service status: All clear! No outages to report. We didn’t find any internet, TV, or digital home phone service issues in your ZIP Code.

All clear? Take a look at the map at the top of this story. The big red blotch shows AT&T outages in CT and nearby states. In searching further, I found three very interesting websites all of which had many customer comments about their AT&T outages:

Why do these companies exist? What is their business model? Very simple. They fill the net attitude gap at the communications providers and sell advertising space to pay for it. Down Detector says, “We detect when technology fails. We help you understand what’s going on with your outage by providing real-time insights into problems.” AT&T has more than a half-trillion dollars of assets. It can’t provide these services for its customers? They surely could.

What would cause AT&T to establish a comprehensive backup of its critical infrastructure service? I believe there are three forces which could make it happen. First is regulatory mandates. We already see what happens with that approach. Companies deploy legions of lawyers to negotiate the minimum they can get by with, say 2-4 hours of backup. Second is competition. Europe has dozens of mobile providers. We essentially have three. Huge balance sheets for acquisitions and powerful lobbying have greatly reduced competition. Third is a net attitude awakening. AT&T should not compare itself to T-Mobile or Verizon. Survey after survey shows they all have terrible customer service. They should compare themselves to Amazon and Apple and other companies with a net attitude. Companies with a net attitude don’t have great customer service because of regulators telling them they have to or because of competition. Their leaders are inspired to be as great as possible. They walk the talk. They put the customer first. They make sure the customer is satisfied. Meanwhile, AT&T says, “All Clear!”, and my friend can’t reach the Internet.

News from johnpatrick.com

Incredible Splashdown

This was a big week for SpaceX. SpaceX and NASA brought astronauts Bob Behnken and Doug Hurley back to Earth from the International Space Station safely and exactly according to plan. They splashed down off the western coast of Florida on Sunday afternoon. It was exciting to watch. Like all astronauts, these two have amazing backgrounds. Behnken holds a Ph.D in mechanical engineering and the rank of colonel in the U.S. Air Force. Hurley is also an engineer and a heavily decorated test pilot. Their humility is inspiring. There were a number of firsts including the first splashdown of an American crew spacecraft in 45 years. Later in the week, SpaceX’s big Mars-colonizing spacecraft had a successful test flight. 

The Paper Ballot Chase

The paper ballot stories will get more and more exciting, to put it mildly. Bob Reby and I will be doing a third webinar on the subject in late September. The Zoom event will be hosted by Danbury Library. Stay tuned for details. The paper based system has many faults. Unfortunately, there is not enough time to get a mobile voting system in place by November. Bob and I will discuss the issues next month.

The Birthday Walk

It felt good to turn 75 this week. My wife asked if I felt 75, and I said, no, I feel 85! Just kidding. I used to run marathons. Four of them wore out one of my knees. Twelve years ago, I had one of the knees replaced. With Fitbit and my Apple watch I have counted steps on the new knee, currently 32 million. No running, just walking. Yesterday, I walked 3.1 miles, and in the hills of Pennsylvania, it was quite a workout for me. A friend of mine in Florida reminds me the key to health is to “keep moving”. I’ll do my best. 

Wall Street and the MAGFA Stocks

Despite the congressional hearings and economic woes, the tech heavyweights all roseThe market value of Apple skyrocketed to just shy of $2 trillion. Bitcoin had a 20% rise. I added Bitcoin market cap which is now above $200 billion.

The five giant tech company market caps now represent 25% of the market cap of the U.S. S&P 500. Still mind boggling. Congress is on their trail, but the hearings did not yield much. I would say the companies dodged the bullets really well.

John’s MAGFA Market Cap (08/07/20 4:00pm ET)
 ClosingMarket CapLastChange in%
 PriceTrillionsWeekBillionsChange
Microsoft$212.48$1.608$1.552$56.003.6%
Apple$444.45$1.900$1.842$58.003.1%
Google$1,494.49$1.018$1.015$3.000.3%
Facebook$268.44$0.765$0.724$41.005.7%
Amazon$3,167.46$1.587$1.578$9.000.6%
      
Total $6.878$6.711$167.002.5%
      
S&P 500 7/31/2020 $27.1$25.6 5.5%
      
MAGFA/S&P 500 25.4%24.8% 2.5%
      
Bitcoin$11,519$213.4   
      
Boeing$170.01$96.0$99.1-$3.2-3.2%
Royal Caribbean$52.11$11.2$11.4-$0.2-1.9%
Tesla$1,452.71$270.7$278.4-$7.7-2.8%
Uber$32.91$57.5$56.4$1.01.8%
Zoom$258.73$73.0$69.6$3.44.9%
Note: These six are in billions not trillions
     

Note: My father gave me the following investment advice many years ago, “Don’t give any, and don’t take any.” Wise man. I am not recommending buying or selling any of the stocks, startups, crypto, or indexes I write about.

The Dakotas Have the Voting Solution

My father loved cars. So did his father and his father’s father. My great-grandfather, Abner Patrick ran an ad which appeared on March 13, 1912 for a new car made in Philadelphia. The ad was written more than 100 years ago, but it reads like something crafted by Elon Musk.

The Bergdoll “40” with self-starter, long stroke, large valve, motor, 4-speed transmission (direct drive on third speed), 36 inch wheels, Qulck Detachable demountable rims, and cellular radiator, embodies the latest accepted design of motor car construction. It is our aim to furnish in this chassis a beautifully designed and finished car, which has no superior for comfort, flexibility and ease of handling.

In 1914, the dealership began selling the Ford Model T and Model TT Truck. In 1929, they became a Buick dealer. The final change was made in 1961 when the Salem, NJ dealership became Patrick Chevrolet. Dad retired and sold the business in 1976.  

Dad loved to drive. His goal was to drive to all the states (except Hawaii). By the time I reached high school, my two brothers and I had been to 46 of the states. I do not recall when we visited North and South Dakota, but it was probably 70 years ago. The two states are much more interesting to me now than they were then.

North Dakota is dominated by the Great Plains which give way to the rugged Badlands near the border with Montana, where Theodore Roosevelt National Park spans the Little Missouri River. At some point, the state will be known for its visionary election reform.

North Dakota Voters First is a cross-partisan grassroots coalition working to make their elections better serve all North Dakotans. The voting Amendment includes three key provisions:

Make Elections Secure

To ensure the security and integrity of North Dakota elections, the Amendment requires all voting machines to produce a paper record of every vote cast. The state will require random audits of election results. The Amendment specifically gives military-overseas voters more time to cast their ballots. This is important because voter participation from overseas has been abysmal. The millions overseas have learned it is not worth voting because delays getting and/or returning ballots by mail has been unreliable.

Increase Voter Choice

The Constitution gives the States the ball for how to conduct elections. As long as they deliver ballots for Presidential elections on the first Tuesday after the first Monday in November, they can run elections however they want. The only way the November date or processes can be changed is by Congress. I give that zero odds of happening.

I am a registered Independent in Florida. That means I cannot vote in the primary elections. North Dakota’s Amendment establishes open primaries: This simply means all voters can participate in an open primary election, where all the candidates are listed on a single ballot. The four candidates who receive the most votes for each office, regardless of their party, then advance to the general election.

Part 2 of the Amendment has a very progressive provision called Ranked Choice Voting. I explained this in some detail in Election Attitude – How Internet Voting Leads to a Stronger Democracy. RCV assures there will be a Majority winner in general elections. The essence of how this works is voters are asked to pick their first-choice candidate as usual, but then offers the option to pick their second, third, and fourth choices. If no candidate receives more than 50%  of the votes, an instant runoff process is followed. Whoever comes in fourth is out, but the ballots of those who voted for #4 as their first choice are re-distributed to the remaining three candidates based on the ballot choices. If there is still no candidate with 50%, the candidate who came in next to last is out and, once again the ballots of those who voted for that candidate have their second, third, and fourth choices redistributed. This assures one of the remaining two will have more than 50% of the votes. The state of Maine has adopted RCV as have nearly 20 major cities. RCV is gaining momentum because it adds more choice and, in my opinion, can strengthen our democracy.

Fair Legislative Districts

The third part of the North Dakota amendment will ensure voters are picking their politicians—not the other way around. The concept of politicians picking the voters is called gerrymandering. Both parties do it. North Dakota is transferring the responsibility to draw political district lines to a citizen-led North Dakota Ethics Commission. The Commission will redraw the maps in public, holding hearings around the state and taking comment from North Dakotans. The process will create districts which are fair, equal in population, respectful of existing communities, and free from partisan bias. All of the Commissioners would need to agree on the maps to put them into practice, unlike how it works in many places where politicians lead the effort and then the courts end up deciding.

The only thing missing from North Dakota’s excellent amendment is, you guessed it, mobile voting. Unfortunately, there is not enough time to plan, implement, train, and test for mobile voting. Too bad because the surge in Vote by Mail is going to lead to major problems.

I am not concerned about fraud, but I am very concerned about delays and inaccuracies. Millions of votes get thrown out because of problems with the signature on the back of the envelope missing or not matching the registration database. Another problem is the x’s and checkmarks which do not cover enough of the circle or oval to enable the ballot scanner to consider them filled in. Some states require 10-15% of the circle or oval be filled in for the ballot reader to count it. Some states set the threshold lower. Blind voters like technology which reads things to them from the web and various apps. With paper ballots, vision imparied voters (there are millions) have to rely on someone to help them and this destroys the hallmark of American voting – privacy. There are many more benefits to mobile voting as I have written here and in Election Attitude. North Dakota can inform its future voting plans by just looking toward Pierre, the capital of neighbor South Dakota.

Following the momentum of successful mobile voting in both Utah and Arizona, Boston startup Voatz completed its third virtual political convention. Mobile voting in those states has encountered no incidents, and garnered increased voter participation. The South Dakota Republican Party convention brought together delegates from 31 counties. 

The Party Chairman said that the goal was to create a convention experience which energized the party in South Dakota and replicated an in-person convention. South Dakota did it right. They worked with Voatz for weeks ahead of the convention to credential delegates, ensure a smooth rollout, and provide a test vote to get delegates comfortable with the system. More than half of the voters using the mobile voting app submitted their official ballot within the first 20 minutes of the voting window opening.  

Oregon, Washington, Colorado and a few others are experienced with Vote by Mail. In other states, it is a hodgepodge. Some require an “excuse” for why VBM is needed. Restrictive dates are imposed by others. In some states which are now shifting rapidly to VBM because of concerns at the polls, there is a shortage of staff and training to count the votes timely and accurately. I hate to say it, but I predict a disaster for November 3. I hope 2021 sees more mobile voting pilots across the country.

News from johnpatrick.com

Mars Here We Come

This was a big week for America, China, and the UAE. All three countries launched spacecraft on 300 million mile journeys to land on Mars in February, 2021. The NASA launch with the United Launch Alliance (ULA) was dazzling. On board is a compact car sized six-wheeled robotic vehicle which has 23 cameras and 13 computers on board. Plus, a small helicopter. If it flys, it will be the first time a human-made device will fly on another planet. The purpose of the mission includes studying whether there was microscopic life on the planet in the past. Even more exciting at the moment is SpaceX and NASA are planning to bring astronauts Bob Behnken and Doug Hurley back to Earth from the International Space Station. They are scheduled to splash down Sunday afternoon

The Big Four Tech CEOs and Congress

Photo Illustrations by The New York Times

It was not as exciting as the ULA launch of Perseverance to Mars, but I watched all of the 5+ hours the big four tech CEOs testimonies at the antitrust hearing by the House Judiciary Committee. The four CEOs are super smart and they were articulate. None of committee members appeared super smart. Some were articulate but misguided. Some read their questions, and you could tell they did not really understand what they were asking. Quite a few members asked a question and then cutoff the CEO seconds into an answer so they could make another statement. I do not feel the tech giants should be broken up because I don’t think government can possibly understand the tech companies and what they do to break them apart. I do feel the techs need more (light) regulation, especially with regard to privacy, security, and anti-competitive activities. More on all this another time.

The Straight Scoop On Covid-19, Masks, and Vaccines

If you missed the Mark Zuckerberg interview of Dr. Fauci, and are wondering about various claims about Covid-19 online, I highly recommend viewing it. Just click on his picture to the left. They discussed the status, how to reset, importance of masks, a plead for young people to take more social responsibility, therapeutics, and vaccine development. I will just add my own non-political view. Randomized controlled trials (RCT) are very reliable if done properly. An RCT can produce a scientifically valid proof of whether something works or doesn’t work. In the case of hydroxychloroquine, multiple RCTs have confirmed the drug does not work. Like phenomenon, this doesn’t mean the drug can never work for anyone. There may be cases where it has worked, but they would be statistical outliers. 

Wall Street and the MAGFA Stocks

Despite the congressional hearings and economic woes, the tech heavyweights all rose except for a slight pullback  by Google. The market value of Apple skyrocketed to within striking distance of $2 trillion. Bitcoin had a huge rise, similar to gold. I continue to believe Bitcoin is the new gold.

The five giant tech company market caps now represent 26% of the market cap of the U.S. S&P 500. Still mind boggling. Congress is on their trail, but the hearings did not yield much. I would say the companies dodged the bullets really well.

John’s MAGFA Market Cap (07/31/20 4:00pm ET)
 ClosingMarket CapLastChange in%
 PriceTrillionsWeekBillionsChange
Microsoft$205.01$1.552$1.524$28.001.8%
Apple$425.04$1.842$1.606$236.0014.7%
Google$1,482.96$1.015$1.032-$17.00-1.6%
Facebook$263.67$0.724$0.658$65.429.9%
Amazon$3,164.68$1.578$1.501$77.005.1%
      
Total $6.711$6.321$389.426.2%
      
S&P 500 5/31/2020 $25.6$25.6 0.0%
      
MAGFA/S&P 500 26.2%24.7%1.52%6.2%
      
Bitcoin$11,342.85  $0#DIV/0!
      
Boeing$158.00$99.1$99.1$0.00.0%
Royal Caribbean$48.71$11.4$11.4$0.00.0%
Tesla$1,430.76$278.4$278.4$0.00.0%
Uber$30.26$56.4$56.4$0.00.0%
Zoom$253.91$69.6$69.6$0.00.0%
Note: These five are in billions not trillions
     

Note: My father gave me the following investment advice many years ago, “Don’t give any, and don’t take any.” Wise man. I am not recommending buying or selling any of the stocks, startups, crypto, or indexes I write about.

The Power of Wind

Last weekend, the weather was nice so we departed our summer home on Lake Wallenpaupack for a random motorcycle ride on the backroads of northeastern Pennsylvania. We rode through Greentown, Hamlin, Jessup, Archbald (not a typo), Jermyn, Carbondale, Waymart, Honesdale, Hawley, Paupack, and back to Greentown, where we live. During the second half of our 75-mile ride, we ended up on Route 6. U.S. Route 6 is a transcontinental United States Numbered Highway, stretching from Bishop, California, in the west to Provincetown, Massachusetts, in the east. The PA Route 6 Alliance says, 

Named by National Geographic as “One of America’s most scenic drives”, US Route 6 in Pennsylvania is the heart of the American Dream. This magical and tranquil highway along Pennsylvania’s northern tier is 400 plus miles of history and heritage, linking small towns, generations of people and wondrous sights often forgotten. 

Not sure it is magical and tranquil or the American Dream, but it is a beautiful ride. As we approached Waymart, about 15 miles west of Honesdale, we suddenly saw giant turbines emerge seemingly out of nowhere. The wind turbines appeared huge, and the closer we got the more amazing the size appeared.

For most turbines, the blades are 120 feet long, so the total height from the ground to the tip of the blade is more than 380 feet, approximately the height of a 32-story building. Depending on wind conditions, the blades turn between 10 and 20 revolutions per minute, making loud swoosh sounds as they turn. I have heard of cows falling over from the noise, and farmers who sold or leased their land to turbine operators getting headaches. There is more to the story of wind energy.

On average, a single wind turbine produces more than 6 million kWh in a year, enough to supply the average electrical needs of 1,500 households. I had never thought of Pennsylvania as a significant source of wind power, but there are more than twenty wind power projects operating in the state. The most productive wind energy regions generally fall in mountain or coastal terrains. The northern portion of the Appalachian chain, including most of Southwestern Pennsylvania, is one of the areas with the highest potential for wind energy in the Eastern United States. The mountain ridges of central and northeastern Pennsylvania, including the Poconos in the eastern part of the state, where we were riding, offer some of the best wind resources in the region.

Currently, wind power is producing less than 2% of the state’s needs, but if all the wind energy potential in Pennsylvania was developed, it could produce approximately 6.5% of the state’s electricity consumption. The latest data I could find shows the state currently has 777 wind turbines. I was curious about which Pennsylvania power company owned the wind turbines. I was surprised to learn the owner is from Florida!

NextEra Energy Resources (NEER) is a wholesale electricity supplier based in Juno Beach, Florida. NEER is a subsidiary of NextEra Energy, a Fortune 200 company. Prior to 2009, NextEra Energy Resources was known as FPL Energy, and before that Florida Power & Light. The company has $5 billion of assets and more than 5,000 employees. They operate wind facilities in 21 states. Major tech companies, such as Google, which run massive data centers for cloud computing, are customers of NEER.

Congressional hearings by Congress will start on Monday, looking to find all the bad things the companies are doing. When it comes to global climate change, they have a good story. Last week I described Amazon’s Pledge to become carbon neutral. This week, Apple announced a very aggressive plan to be carbon neutral within ten years. More on that in the news section of johnpatrick.com.

News from johnpatrick.com

Carbon Neutral Update

Apple Inc. has pledged to become carbon neutral across its business, including its mostly overseas supply chain, within the next 10 years. I believe many more major companies will rearrange its operations to battle climate change.

The iPhone maker said Tuesday its new commitment means, by 2030, every Apple device sold will have been produced with no net release of carbon into the atmosphere. The company plans to reduce its emissions by 75% and develop carbon-removal solutions for the remaining 25% of its footprint. I doubt if the 25% will occur by donations to the Arbor Tree Foundation. I look forward to learning what their innovative carbon-removal solutions will be.

The Straight Scoop On Covid-19, Masks, and Vaccines

Dr. Anthony Fauci will be 80 in December. I’ll be 75 in ten days. Wish my knees and shoulders were as good as his. If you missed the Mark Zuckerberg interview of Dr. Fauci, I highly recommend viewing it. Just click on his picture to the left. They discussed the status, how to reset, importance of masks, a plead for young people to take more social responsibility, therapeutics, and vaccine development.

Independent Testing Lab Approves Voatz for US Elections

Voatz‘s mobile voting platform has received an important stamp of approval. The company announced this week an independent Voting System Test Laboratory has reviewed the Voatz mobile voting solution and found it to be compliant with the requirements for United States voting systems.

The Voatz platform is essentially a mobile app for electronic voting in elections. It uses blockchain ledger technology to ensure  voting records cannot be tampered with. It uses biometric technology such as Apple’s Touch ID and Face ID for authentication.

Voatz, a Boston startup says its solution has been used in 67 elections spanning across cities, counties, universities, nonprofits, and political parties. At the end of June, for example, Voatz was used for voting in the Republican Party of South Dakota’s virtual convention.

SpaceX Blasts Off Brilliantly

It was a great week for SpaceX as it used its Falcon 9 rocket to lift a Korean communications satellite into orbit. The stage 1 Falcon booster safely returned to Earth and landed on the bullseye of a SpaceX barge 350 miles off the coast of Florida. This is the same booster which had taken astronauts aboard a SpaceX Crew Dragon capsule to the International Space Station. For an encore, SpaceX was able to catch the two $6 million fairings, which returned to Earth with parachutes, in nets aboard two SpaceX boats. SpaceX continues to do things many have said were impossible. Next week we can watch the return of the astronauts from the ISS to Earth.

Wall Street and the MAGFA Stocks

The tech heavyweights pulled down the market today. As of Friday’s close, the market value of all the stocks I have been reporting on declined except for Amazon, now at $1.5 trillion. Caribbean. Apple and Tesla down but continue  on a trajectory to the moon. 

The five giant tech company market caps still represent 25% of the market cap of the U.S. S&P 500. Still mind boggling. Congress is on their trail and hearings will start Monday.

News service Axios reported the key points each of the big four tech CEOs are expected to make during their virtual testimonies Monday at an antitrust hearing by the House Judiciary Committee.

  • Facebook CEO Mark Zuckerberg: Congress should pass better laws. Let’s work together and do that! Axios said Zuckerberg will likely argue Congress should write laws to bolster election security and establish consistent online privacy standards.
  • Google CEO Sundar Pichai:We won search by doing it well — why punish us for that? Axios says Google doesn’t dispute its clear dominance in search, nor of certain corners of the online advertising market, but it contends digital advertising is in fact wildly competitive.
  • Amazon CEO Jeff Bezos:We’re big because we’ve always given users what they want — fast delivery, wide selection and good prices. Axios says Bezos is likely to point to Amazon’s ability to get goods to Americans’ homes during the pandemic as a public service.
  • Apple CEO Tim Cook: Our App Store creates opportunity for countless developers — and Google’s Android controls more of the smartphone market, anyway. Axios says Apple has faced criticism for the way it develops and features its own apps which compete with third-party apps. Axios says to expect Cook to cite the size and vitality of the app market and the continued enthusiasm of Apple’s customers.
News from johnpatrick.com

Note: My father gave me the following investment advice many years ago, “Don’t give any, and don’t take any.” Wise man. I am not recommending buying or selling any of the stocks, startups, crypto, or indexes I write about.

Don't Sweat It?

“Don’t sweat it!” has long been a method of telling someone not to worry or be upset. Often called perspiration, sweat is a clear, salty liquid produced by glands in your skin. As sweat evaporates, it enables your body to cool itself and prevent it from overheating. But wait, there is much more about sweat.

Researchers at the University of California San Diego have developed flexible sensors which can be attached to the skin as shown above and track your level of vitamin C. The first question is why is it important to track vitamin C? The second question is what does sweat have to do with this and how does the new technology work? I will do my best to explain answers to both questions.

Vitamin C, also known as L-ascorbic acid, is a water-soluble vitamin naturally present in some foods, and available as a dietary supplement. Unlike most animals, humans are unable to synthesize vitamin C on their own, so we have to get it through our diet or supplements.  Vitamin C is helpful for patients recovering from an infection. As an antioxidant, the vitamin may have potential in treating heart disease and cancer.

A timely aspect of vitamin C is the essential role it plays in helping us maintain a healthy immune system. Researchers believe vitamin C may have potential as a therapeutic for Covid-19. High doses of vitamin C have been linked to reduced death rates in sepsis and acute respiratory distress syndrome, both of which can be present in patients with COVID-19.  

For patients who need close monitoring of vitamin C, there are numerous methods. The most reliable is a blood test following 10-12 hours of fasting. In cases where regular monitoring is needed, a better method is needed and mHealth (mobile health) will be coming to the rescue. As in many other aspects of healthcare, the trend is toward remote monitoring with various biosensors. Initially it was counting steps and miles. Now it includes blood pressure, 1-lead ECG, heart rate, and numerous other health-related measurements. mHealth will enhance Telehealth and connected care consultations.

Based on work by the researchers at the University of California San Diego, monitoring of vitamin C levels may join the mHealth portfolio. The new devices, which could be useful in helping wearers to maintain optimal levels of vitamin C, consist of an adhesive patch a user can wear on their skin. When the body stimulates sweating in the underlying skin, the sensors in the patch capture enough sweat to analyze for vitamin C levels. The flexible patch contains an enzyme, ascorbate oxidase, which converts vitamin C to dehydroascorbic acid, (DHA), an oxidized form of ascorbic acid, the vitamin C. The interaction with oxygen in the process generates an electrical current which flexible electrodes within the patch can sense. The result is data which is proportional to the level of vitamin C present in the sweat.

The biosensor is still in the early stage, but the researchers have tested the sensors in human volunteers. They found they could track changes in the level of vitamin C over a span of a couple of hours. The sensors successfully detected changes in vitamin C levels when the volunteers drank orange juice or took a vitamin C supplement.

The potential of this new vitamin C detection technology could be significant over time. It may even be useful in the treatment of Covid-19. Day to day management of dietary and nutritional guidance may emerge as another mHealth app. Don’t sweat it? Yes, sweat it because the rapid development of biosensors many unlock many other secrets beyond vitamin C.

This article is related to health. These articles are my way of sharing what I have learned through basic research. My doctorate is in health administration. I am not a clinical doctor. Please don’t rely on any of my articles for any form of diagnosis or treatment. If you have any health issues,  please contact your doctor.

News from johnpatrick.com

The Vote on Internet Voting

On Tuesday evening the 14th, Bob Reby, CFP®, Founder and CEO of Reby Advisors, and I discussed Internet voting in a Zoom webinar hosted by the Ridgefield CT Library. In part, it related to my book, Election Attitude: How Internet Voting Leads to a Stronger Democracy.  I pledged to donate 100% of the proceeds from the sale of any of my books this week to the Library. At the beginning of the webinar, the Library posed the question, “Do you believe mobile voting can strengthen our Democracy?”. The vote outcome was 78% said Yes. The audience was asked again at the end and the vote was 87% Yes. Great audience!

 

The Straight Scoop On Covid-19, Masks, and Vaccines

On Thursday evening, Mark Zuckerberg, CEO at Facebook, interviewed Dr. Anthony Fauci. They discussed the status, how to reset, importance of masks, a plead for young people to take more social responsibility, therapeutics, and vaccine development. It was a full 55 minutes of real content, which is hard to get on any news channel. I recommend watching it. You can watch the video here.

I thought I would present the MAGFA idea of tracking the market value of five top tech companies maybe a couple of times. But, I have gotten hooked on it myself because the values of these companies continues to amaze. In addition to what I call the MAGFA stocks, I follow a handful of other stocks I think represent some key trends. Today I tried to improve the MAGFA spreadsheet look. If anyone likes or dislikes this section of the news, please let me know.

As of Friday’s close, market value of all the stocks I have been reporting on declined except for Apple and Royal Caribbean. Apple seems headed for the moon. I believe the cruise lines are up because there is hope of a vaccine sooner rather than later. Amazon had the largest decline, but it is still in the stratosphere. Likewise for Zoom and Tesla. Uber is stable but I think investors are waiting to see if people return to ride sharing. In the meantime the food delivery business is booming.

The five giant tech company market caps still represent 25% of the market cap of the U.S. S&P 500. Mind boggling. Congress is on their trail and hearings will start very soon.

Note: My father gave me the following investment advice many years ago, “Don’t give any, and don’t take any.” Wise man. I am not recommending buying or selling any of the stocks, startups, crypto, or indexes I write about.

News from johnpatrick.com
How To Make Money From Carbon Neutral

Over the last few weeks, my e-briefs have focused on the greenhouse effect, greenhouse gases which are the biggest contributors, a discussion about carbon dioxide, how to calculate your carbon footprint, and how to offset the footprint to become carbon neutral. I cited non-profits you can donate to which are engaged in activities to reverse the trend of increasing greenhouse gases.

There are also for-profit opportunities related to reducing footprints. One which I discovered at Wefunder and invested in is called NovoMoto. The startup provides a brighter life for off-grid customers in Sub-Saharan Africa communities with reliable, clean, and affordable electricity. NovoMoto customers get brighter and longer lasting lighting for themselves and their children along with the ability to charge their phones at their convenience. All this for less than the cost of today’s solutions. The company installs complete solar power packages with a rent-to-own approach starting at $10 per month.  The packages range from kits with three LED lamps and phone charging to kits with TVs and more.

NovoMoto was founded by two students as a spinout of the University of Wisconsin-Madison. Aaron Olson has a PhD from the Fusion Technology Institute and is a NASA Space Technology Research Fellow. Mehrdad Arjmand has a Ph.D from the Materials Research Science and Engineering Center in the field of semiconductor thin films.

Olson was born in the Democratic Republic of Congo in a clinic with no electricity. All his Mom had in her room was a dimly lit kerosene lamp. He says, “I was fortunate to grow up in the US, but my family – like 15 million others in the DRC – has dealt with a lack of electricity.” Olson and Arjmand believe NovoMoto has the potential to change life for millions with its clean electricity products.

The market opportunity is huge. Across Sub-Saharan Africa, there are an estimated 120 million families without access to reliable electricity. They spend over $25 billion annually ($18/home per month) on unreliable grid alternatives which use kerosene, candles, and disposable battery flashlights.

NovoMoto has focused initially on a dozen communities outside of Kinshasa, the capital of the Democratic Republic of Congo (formerly Zaire). The DRC and Madison, Wisconsin have one thing in common, they both consume 1.3 gigawatts of electrical power. The difference is Madison has a population of 700,000 and Congo has 80 million. The company plans to go after the Kinshasa, which has a population of more than seven million.

Like all startups, the NovoMoto team and its partners have been directly affected by the Coronavirus.  However, the company has had a positive impact. Many customers say their NovoMoto kits are helping them stay connected, allowing them to more easily adapt to work restrictions and social distancing. The new TV kits are helping them stay up to date with their government’s policies, closures, openings, and guidelines. NovoMoto customer service team has continues to provide support to their customers while respecting DRC guidelines.

The financial performance of NovoMoto has been quite impressive. The founders have set a goal of 5,000 installations and $1.5 million revenue by the end of 2020. If you want to learn more about NovoMoto, take a look at their page on Wefunder.

Note: My father gave me the following investment advice many years ago, “Don’t give any, and don’t take any.” Wise man. I am not recommending buying or selling any of the stocks, startups, crypto, or indexes I write about.

News from johnpatrick.com

Fireside Chat About Internet Voting

On Tuesday evening the 14th, Bob Reby, CFP®, Founder and CEO of Reby Advisors, and I will be discussing Internet voting. It will, in part, relate to my book, Election Attitude: How Internet Voting Leads to a Stronger Democracy.  Some of the things Bob and I will discuss include:

  • Voting with paper or via the Internet: Which is more secure, accurate, private, and verifiable
  • How the US can safeguard ballots from hackers and foreign adversaries using blockchain technology
  • Cautionary Case Studies: What went wrong and how mistakes could have been avoided
  • Success Stories: Internet voting in foreign countries and pilot programs in US states.

If you are interested, please register here. You will receive a Zoom invitation in the confirmation email.

As of Friday’s close, market capitalization of all the stocks I have been reporting on had incredible gains, except Boeing which pulled back a bit. Zoom zoomed to a market cap of $78 billion. Royal Caribbean had a 10% rise after acquiring the rest of SilverSea, my favorite cruise line. Tesla gained another 10% and rose to above $1,500 to a market cap of $287 billion and worth more than a bunch of the largest car makers in the world combined (the chart to the left is a week or two old). Tesla may see some headwinds after Rivian raised $2.5 billion in an aggressive plan to beat Tesla and Nikola with the first all-electric pickup truck.

The five giant tech company market caps marched on and gained more than $350 billion after gaining $300 billion the prior week. They now represent 26% of the market cap of the U.S. S&P 500. Mind boggling. Congress is on their trail and hearings will start very soon.

Note: My father gave me the following investment advice many years ago, “Don’t give any, and don’t take any.” Wise man. I am not recommending buying or selling any of the stocks, startups, crypto, or indexes I write about.

MAGFA Market Cap (07/03/20 9:00 AM EDT)
 Market CapLastChange in
 TrillionsWeekBillions
Microsoft$1.564$1.489$75.00
Apple$1.578$1.533$45.00
Google$1.001$0.928$72.80
Facebook$0.665$0.616$49.40
Amazon$1.442$1.343$99.00
   $0.00
Total$6.250$5.909$341.20
    
S&P 500 5/31/2020$25.240$25.240 
    
MAGFA/S&P 50024.8%23.4%1.35%
    
Bitcoin (thousands)$9,112$9,185-$73
    
 Market CapLastChange in
 BillionsWeekBillions
Boeing$102.0$95.9$6.1
Royal Caribbean$10.4$9.7$0.7
Tesla$224.2$178.0$46.2
Uber$53.2$51.3$1.9
Zoom$73.8$72.4$1.4
News from johnpatrick.com
How To Calculate Your Carbon Footprint And What To Do About It

As discussed previously, life on Earth depends on energy coming from the Sun. The greenhouse effect has protected life on Earth from unlivable cold conditions for as long as life has been here. To keep greenhouse gases in perspective, we need to remember, once again, greenhouse gases are a good thing, but only as long as there are not too much of them. I described water vapor, carbon dioxide, methane, ozone, and nitrous oxide. The last three are the most potent and pose the greatest threat at a molecular level but, fortunately,  there is not much concentration of them in the atmosphere. The culprit growing the fastest and upsetting the balance which nature has maintained is carbon dioxide (CO2).

The atmospheric concentration of carbon dioxide has been rising since the Industrial Revolution. Data collected by NASA’s orbiting satellites and other measurements indicate the level of CO2 has reached a dangerous level not seen in the last 3 million years. Human sources of CO2 emissions are much smaller than natural emissions but the growth of human created emissions has upset the natural balance which had existed for many thousands of years before the Industrial Revolution.

As described last week, the natural sources of CO2 added to the atmosphere include when organisms respire (exhale) or decompose, carbonate rocks (mostly limestone) break down by weather, from forest fires, and eruption of volcanoes. The human sources of carbon dioxide emissions include the burning of oil, coal, and natural gas, cement production, and deforestation (3.5 to 7 billion trees cut down per year). Almost 90% of all human-produced carbon dioxide emissions come from the burning of fossil fuels.

As described last week, Amazon has pledged to be the leader, but they are not alone. Twenty-three percent of the Fortune 500 companies have made a public commitment they will be carbon neutral by 2030, using 100% renewable power, or meeting a science-based internal emission reduction target. With congressional legislation taking form plus stakeholders and employees making demands, the other 77% will likely get on board sooner rather than later. 

If you go along with the scientific consensus, the logical question is what can you do personally to reduce your own carbon emissions?  The starting point is to calculate your personal carbon footprint. Let’s start with a couple of extreme scenarios to get a grasp of what personal carbon emissions are.

Let me introduce you to Mr. and Mrs. Green. The Greens live in a tent in Costa Rica. They love the weather, the food, and the 15% tax rate. Over the course of the year, the temperature there typically varies from 63°F to 81°F and is rarely below 60°F or above 84°F. They don’t need to use energy for heating or cooling. The Greens work from home in San Jose and get goods and supplies within walking or cycling distance. They do not own a car and don’t fly anywhere. Their diet is quite healthy consisting mostly of fish, fruit, nuts, and grains. The Greens are very conscientious about recycling.

Now, let me introduce you to Mr. and Mrs. Carbon. The Carbons live in Port St. Lucie, the eighth largest city in Florida. The population is more than 189,000. The temperature ranges from 55 to 90. During one-third of the year, a modest amount of heating is needed. The Carbons consider air conditioning a necessity. Port St. Lucie is one of the largest cities in America with no public transportation. More than 90% of people drive to work and 80% drive alone. Mrs. Carbon drives her diesel BMW to work in Melbourne, Florida about an hour drive. Mr. Carbon has a diesel F-150 pickup truck. He drives to his job in Palm Beach Gardens, Florida. It takes about 40 minutes. The Carbons love to go out for dinner. They travel a lot, to a summer home in North Carolina, and at least one major trip to California or Europe. A cruise or two has been the norm. Mr. Carbon loves to fish, but he doesn’t eat any. He gives his catches to a neighbor. The Carbons love to BBQ steaks at home. Yelp lists 22 steak houses in Port St. Lucie. The Carbons enjoy more than a few of them. The Carbons recycle when it is convenient.

The contrast between the lifestyle of the Greens and the Carbons is quite significant. So would be their carbon footprints. The carbon footprint represents how much greenhouse gas a person or family or organization emits. The unit of measure is tons of CO2eThe e stands for equivalent. In other words the other gases such as nitrous oxide and methane are converted to an equivalent amount of CO2. The average American household footprint is 48 tons of CO2e. The Greens would be a fraction of the average, and the Carbons would be twice the average or more.

Science Daily reported on some analysis done by a class at MIT,

“The class studied the carbon emissions of Americans in a wide variety of lifestyles–from the homeless to multimillionaires, from Buddhist monks to soccer moms–and compared them to those of other nations. The somewhat disquieting bottom line is that in the United States, even people with the lowest energy usage account for, on average, more than double the global per-capita carbon emission. And those emissions rise steeply from that minimum as people’s income increases.”

This part is controversial because the footprint calculated includes government services. In other words, if one country has 100,000 armored tanks belching diesel exhaust, and another country has no tanks, the comparison is apples to oranges. Also, there is nothing an individual consumer can do about the size and scope of their government, at least in the short term. 

To get a footprint calculation which is actionable, you use a footprint calculator. There are many of them. I recommend using the one from conservation.org which you can find here. It will ask you about the size of your house, what kind of car you have, what you eat, and a number of other factors. I view the calculation as an estimate. I believe the footprint for my wife and I is somewhere between 50 and 75.

I decided more than five years ago, I wanted to be carbon neutral. That means my net carbon footprint is zero. There are two ways you can reduce your footprint. For example, if you are Mr. and Mrs. Carbon, you can switch the Ford F150 for a Tesla CyberTruck and the BMW for a Tesla Model S or some other electric car. There will be many more choices coming. Electric cars are not zero emissions because you have to use electricity which is made by an electric company which may burn coal to produce the power. An offset is to get a Tesla solar roof and charge your car from the sun. 

In addition to using less fossil fuel for transportation, following are a few other things you can do.

  1. Use only Light Emitting Diodes (LEDs) throughout your house. The old traditional bulbs give up 90% of their energy as heat.
  2. Reduce your garbage. Bring your own bags to the grocery store. Reduce your consumption of products with excess packaging and plastic. Consider buying more bulk and reusing containers. For example – eliminate buying water in plastic bottles and use filtered tap water. There are many related ways to reduce garbage. One person can’t save the planet, but efforts of each individual person helps, assuming enough individuals buy in to the idea.
  3. Plant trees. Trees help remove carbon dioxide from the atmosphere by using it during the photosynthesis process that also releases oxygen as a by-product.
  4. Use water efficiently. Water is a precious natural resource and in need of protection. There are many ways to save water. (I am not recommending stopping showers). Like garbage, a little effort by millions of people makes a difference. Do we need to keep water running when we brush our teeth?

The above are just a few thoughts. There is much more to it. Just Google “carbon footprint” and you will find the resources. Even with aggressive actions on our part, we still will not get our footprint to zero. The other tool at our disposal is to invest in projects which provide offset. Many non-profits are focused on reducing carbon emissions. I guess you could say, to get to carbon neutral, you have to buy your way out of it. I confess. I do. 

I donate to Arbor Day Foundation. They are laser focused on planting trees. Visit the site to learn more. At about 10 years age, trees are estimated to soak up about 48 pounds of CO2 per year. The National Tree Benefit Calculator can show you more specifics. For example, if you have a 6-inch Fir tree on a property in Pennsylvania where I am for the summer, that tree will reduce atmospheric carbon by 77 pounds per year. Yes, it would take a lot of trees to offset Mr. and Mrs. Carbon, but if they were committed to be carbon neutral, the Arbor Day Foundation can calculate the size of a donation it would take to plant the required number of trees. I donate $750 to the Foundation to get me to neutral.

The topic I have been writing about is complex and to some people it is controversial. What I have tried to do is drill down on the basics and keep it simple. If you want to dip your toe in the water, I recommend a book like Reduce Your Carbon Footprint: A Beginners Guide To Reducing Your Greenhouse Gas Emissions by Ann Colson.

News from johnpatrick.com

SpaceX is on an incredible roll. On Tuesday it launched the military’s newest, most accurate GPS satellite after a two-month delay due to the pandemic. A Falcon 9 rocket blasted off from Florida’s Cape Canaveral Air Force Station, carrying the GPS satellite to orbit. The brand new first-stage booster with nine rocket engines landed perfectly on an ocean platform several minutes later. It will be recycled for future use. A feat many thought was impossible.

If you want to make a difference in Black education, you can donate to benefit the Thurgood Marshall College Fund, Inc. The fund is the only national organization representing America’s 47 publicly-supported Historically Black Colleges and Universities (HBCUs), and the nearly 300,000 students that attend them each year, The Fund’s mission is to ensure student success by promoting educational excellence and preparing the next generation of workforce talent through leadership development.

Thurgood Marshall was an American lawyer who served as Associate Justice of the Supreme Court of the United States from October 1967 until October 1991. Marshall was the Court’s first African-American justice.

The tax deductible gofundme page is here.

As of Thursday’s close, market capitalization of all the stocks I have been reporting on had nice gains. Zoom reached a market cap of $74 billion. Apple continues to set records. If you didn’t watch last Monday’s keynote about Apple’s plans for the rest of the year, I highly recommend it. Watch it here.

The five giant tech company market caps marched on and gained more than $300 billion and now represent 25% of the market cap of the U.S. S&P 500. Mind boggling. Congress is on their trail and hearings will start very soon.

Note: My father gave me the following investment advice many years ago, “Don’t give any and don’t take any.” Wise man. I am not recommending buying or selling any of the stocks, crypto, or indexes I comment on.

MAGFA Market Cap (07/03/20 9:00 AM EDT)
 Market CapLastChange in
 TrillionsWeekBillions
Microsoft$1.564$1.489$75.00
Apple$1.578$1.533$45.00
Google$1.001$0.928$72.80
Facebook$0.665$0.616$49.40
Amazon$1.442$1.343$99.00
   $0.00
Total$6.250$5.909$341.20
    
S&P 500 5/31/2020$25.240$25.240 
    
MAGFA/S&P 50024.8%23.4%1.35%
    
Bitcoin (thousands)$9,112$9,185-$73
    
 Market CapLastChange in
 BillionsWeekBillions
Boeing$102.0$95.9$6.1
Royal Caribbean$10.4$9.7$0.7
Tesla$224.2$178.0$46.2
Uber$53.2$51.3$1.9
Zoom$73.8$72.4$1.4
News from johnpatrick.com
What Is Your Carbon Footprint?

As discussed last week, life on Earth depends on energy coming from the Sun. The greenhouse effect has protected life on Earth from unlivable cold conditions for as long as life has been here. To keep greenhouse gases in perspective, we need to remember greenhouse gases are a good thing, but only as long as there are not too much of them. The purpose of this article is to simply describe which greenhouse gases are most likely to get out of balance with nature. Up until recently, nature has kept things in balance. 

The main greenhouse gases described last week are water vapor, carbon dioxide, methane, ozone, and nitrous oxide. The last three are the most potent and pose the greatest threat at a molecular level but, fortunately,  there is not much concentration of them in the atmosphere. The culprit growing the fastest and upsetting the balance which nature has maintained is carbon dioxide (CO2). See the graph below which shows the growth.

The atmospheric concentration of carbon dioxide has been rising since the Industrial Revolution. Data collected by NASA’s orbiting satellites and other measurements indicate the level of CO2 has reached a dangerous level not seen in the last 3 million years. Some of the data is debatable but very large numbers of scientists have reached a consensus  about the impact and the role of humans. Human sources of CO2 emissions are much smaller than natural emissions but their growth has upset the natural balance which had existed for many thousands of years before the Industrial Revolution.

The natural sources of CO2 added to the atmosphere include when organisms respire (exhale) or decompose, carbonate rocks (mostly limestone) break down by weather, from forest fires, and eruption of volcanoes. The human sources of carbon dioxide emissions include the burning of oil, coal, and natural gas, cement production, and deforestation (3.5 to 7 billion trees cut down per year). Almost 90% of all human-produced carbon dioxide emissions come from the burning of fossil fuels.

Multiple studies published in peer-reviewed scientific journals show at least 97 percent of actively publishing climate scientists agree the climate-warming trends over the past century are extremely likely due to human activities. The 3% have a voice and they get heard, but mostly not believed. Most of the leading scientific organizations worldwide have issued public statements endorsing the consensus position. (I wasn’t so sure some years ago, until I read some books on the subject).

Many global issues, perhaps most, don’t have consensus. On the subject of emissions and global warming, the consensus is very solid. If you go along with the consensus, the logical question is what can you or your organization do to reduce carbon emissions.

One individual, Jeff Bezos, the wealthiest man on Earth, has made a number of statements on what to do. In September 2019, he announced a massive new commitment to fight climate change called The Climate Pledge. He said Amazon will work to drastically reduce its carbon emissions with the ultimate goal of becoming carbon-neutral by 2040. In other words, for every ton of CO2 the company’s trucks and warehouses and other activities emit, the company will do things to equally reduce emissions by the company or assisting others to do so. He is one of a growing list of business leaders who believe rising greenhouse gases will have catastrophic effects on climate change. His $10 billion pledge is 10 years earlier than the most ambitious version of the Paris agreement.

The pledge doesn’t mean Amazon will have zero carbon emissions. Part of the pledge will be met by offsetting emissions, by planting trees or using other carbon capture technologies. Amazon is transitioning to electric delivery vans and tapping renewable energy to power its operations.

In addition to a $2 billion fund for “decarbonizing” technologies, Amazon announced on Thursday of this week it had acquired the naming rights to KeyArena, which will play home to a new Seattle based NHL hockey team and the Seattle Storm professional basketball team. Most stadiums are named after the company who bough a sponsorship (e.g. Verizon), but Jeff Bezos wanted to highlight the importance of fighting climate change. 

The plan is to convert the arena into an all-electric building powered by renewable energies, including solar. Ice for NHL games will rely on reclaimed rainwater. All events will use durable and compostable containers enabling the arena to divert 95 percent of trash away from landfills.

But what about us individuals? What can we do to reduce our personal carbon emissions, known as our carbon footprint? And how can we determine the size of our footprint? Next week, I will explain the answers.

News from johnpatrick.com

Maccene Grimmett, at 106, was one of the first to test mobile voting when her county in Utah extended the mobile voting option to voters with disabilities in November 2019. Maccene recently turned 107 years old! Watch the video below where Maccene explains the importance of voting.

Unfortunately, there is not enough time to properly plan, test, and implement new mobile voting solutions for the November 3 election. Too bad. The need becomes more clear each day. If disabled people voted at the same rate as those without disabilities, an estimated 2.3 million more people would cast their ballots. Georgia was a disaster, disenfranchising a lot of votes. Paper ballot problems popping up in other states. Is Internet mobile voting perfect? Compared to what? That should be the response. I have stayed up late to watch the numbers come in every election day for the last 50+ years. Not this time. They will be counting paper ballots for days, and possibly arguing for weeks about the accuracy. Whoever loses will claim fraud.

The Ridgefield library will host a fireside chat on the subject of voting.  The Zoom webinar is titled, “Could Internet Voting Strengthen Our Democracy in Turbulent Times?” Bob Reby and I will discuss the following:

  • Voting with paper or via the Internet: Which is more secure, accurate, private, and verifiable
  • How the US can safeguard ballots from hackers and foreign adversaries using blockchain technology
  • Cautionary Case Studies: What went wrong and how mistakes could have been avoided?
  • Success Stories: Internet voting in foreign countries and pilot programs in US states.

The webinar will be on July 14 at 6 PM EDT. Please register here.

If you want to make a difference in Black education, you can donate to benefit the Thurgood Marshall College Fund, Inc. The fund is the only national organization representing America’s 47 publicly-supported Historically Black Colleges and Universities (HBCUs), and the nearly 300,000 students that attend them each year, The Fund’s mission is to ensure student success by promoting educational excellence and preparing the next generation of workforce talent through leadership development.

Thurgood Marshall was an American lawyer who served as Associate Justice of the Supreme Court of the United States from October 1967 until October 1991. Marshall was the Court’s first African-American justice.

The tax deductible gofundme page is here.

As of Friday’s close, market capitalization of all the stocks I have been reporting on except for Microsoft, Apple, Amazon, and Zoom. Zoom reached a market cap of $72 billion. Apple continues to set records. If you didn’t watch Monday’s keynote about Apple’s plans for the rest of the year, I highly recommend it. Watch it here.

The five giant tech company market caps were mostly flat but still 23% of the market cap of the U.S. S&P 500. 

Note: My father gave me the following investment advice many years ago, “Don’t give any and don’t take any.” Wise man. I am not recommending buying or selling any of the stocks, crypto, or indexes I comment on.

MAGFA Market Cap (06/26/20 4:00 PM EDT)
 Market CapLastChange in
 TrillionsWeekBillions
Microsoft$1.489$1.480$0.01
Apple$1.533$1.516$0.02
Google$0.928$0.977-$0.05
Facebook$0.616$0.680-$0.06
Amazon$1.343$1.334$0.01
    
Total$5.909$5.987-$0.1
    
S&P 500 5/31/2020$25.240  
    
MAGFA/S&P 50023.4%23.7%-0.31%
    
Bitcoin (thousands)$9,185$9,323-$138
    
 Market CapLastChange in
 BillionsWeekBillions
Boeing$95.9$105.6-$9.7
Royal Caribbean$9.7$11.6-$1.9
Tesla$178.0$185.6-$7.6
Uber$51.3$56.0-$4.7
Zoom$72.4$68.7$3.8
What Are the Top Greenhouse Gases?

As discussed last week, life on Earth depends on energy coming from the Sun. The greenhouse effect enables us to live here. About half the light reaching Earth’s atmosphere passes through the air and clouds on the way to the surface. The light is then absorbed and radiated upward in the form of infrared heat. About 90 percent of this heat is then absorbed by the greenhouse gases and radiated back toward the surface.

To keep greenhouse gases in perspective, we need to remember greenhouse gases are a good thing. Without them, Earth would be too cold, and we would not be able to live here. The flip side is there can be too much of a good thing. Many scientists are worried human activities are adding too much greenhouse gases to the atmosphere. More on that question later. The purpose of this article is to simply describe what exactly the greenhouse gases are.

The main greenhouse gases are:

  • Water vapor
  • Carbon dioxide
  • Methane
  • Ozone
  • Nitrous oxide

Water vapor

Water vapor (H2O)is water in the form of gas. Think of it like steam from a pot of boiling water or water evaporating from the surface of a pond. The vapor forms clouds and then it rains on Earth. This often causes a cooling effect, but the water vapor blocks heat from escaping so it acts like a greenhouse and makes Earth warmer. The warmer Earth makes even more water evaporate, and the cycle continues.

Carbon dioxide

Carbon Dioxide (CO2) consists of carbon and oxygen. It is all around us, and comes from natural sources including volcanoes, and from combustion of organic matter such as coal, oil, and natural gas. It also comes from the respiration processes of living aerobic organisms. The average human exhales about 2.3 pounds of carbon dioxide per day. A person exercising vigorously can produce up to eight times as much CO2. The main human-made source of CO2 is from burning fossil fuels for electrical power generation and transportation. For example, the average gasoline-powered car emits about 30 pounds of CO2 per day.

Methane

Methane (CH4) is gas found in small quantities in Earth’s atmosphere. It is the simplest hydrocarbon, consisting of one carbon atom and four hydrogen atoms. Simple, but a powerful greenhouse gas. Methane is flammable, and is a principal component of natural gas. Methane is released from wetlands, growing rice, raising cattle, burning natural gas, and mining coal. Although a small component of the greenhouse gases, it traps a lot of heat. Scientists consider it the second most important contributor to warming of the Earth.

Ozone

Ozone (O3), also called trioxygen, is composed of three oxygen atoms. It can be found in the upper and lower parts of the atmosphere. The stratosphere is the second major layer of Earth’s atmosphere, just above the troposphere, which is the lowest part of the atmosphere. Ozone in the stratosphere is good for us because it absorbs the Sun’s ultraviolet radiation thereby protecting us from it. Ozone in the lower parts of the atmosphere acts as a greenhouse gas.

Nitrous oxide

Nitrous oxide (N2O) is a colorless and odorless chemical compound also known as “laughing gas.” When inhaled, the gas slows down the body’s reaction time, and produces a calm and euphoric feeling. I remember receiving it from my dentist some years ago as a sedative. It was first used by a dentist in the mid 1800s, and is still used by dentists today. The use of nitrous oxide is considered safe with few side effects. Nitrous oxide is produced by bacteria in soil and the ocean. Nitrous oxide is released by some types of factories, power plants, and plant fertilizer. It is considered a powerful greenhouse gas, but the greater concern is it damages the protective ozone layer.

There is much more to know about each of the five greenhouse gases described. Some of the gases occur naturally and some are by-products of things done by humans. In another article, I will give some specific examples and describe how you can calculate what your own contribution to greenhouse gases may be. Stay tuned.

 

News from johnpatrick.com

I am learning a lot from Zoom webinars. Thursday night I attended one hosted by the Ridgefield, CT library. The subject was the impact of AI in health sciences, presented by an IBM PhD researcher. The library will host another fireside chat on July 14, “How to Strengthen Our Democracy in Troubling Times”. Unfortunately, there is not time to implement new mobile voting solutions for the November 3 election. Too bad. The need becomes more clear each day. If disabled people voted at the same rate as those without disabilities, an estimated 2.3 million more people would cast their ballots. Georgia was a disaster, disenfranchising a lot of votes. Paper ballot problems popping up in other states. Is Internet mobile voting perfect? Compared to what? That should be the response. I have stayed up late to watch the numbers come in every election day for the last 50+ years. Not this time. They will be counting paper ballots for days. 

We took a poll at the beginning of the Zoom session and 67% of the attendees said they believed Internet voting could strengthen our democracy. A poll at the end of the Zoom session showed 93%. Bob Reby and I will be doing a second Zoom fireside chat on the subject of voting hosted by the Ridgefield Library on July 14. Details and how to register will follow. You can watch a video excerpt from our prior fireside chat here.

As of Friday’s close, Tesla market capitalization continued to climb and was at $186 billion. It finished at just above $1,000 per share. Zoom reached a market cap of $69 billion, and Uber was unchanged at $56 billion. The five giant tech company market caps marched past their already meteoric level by another $200 billion. All five companies are global, but to put their massive valuation into perspective, it now represents 24% of the market cap of the U.S. S&P 500. Shareholders are happy but government regulators and politicians are ramping up the discussion about new regulations and anti-trust hearings. I believe pressure on big tech will continue to mount. There is a push to remove liability protections which made a lot of sense in the mid 1990s when the Internet was a baby, but perhaps not now. I have included a few other stocks I follow in the list this time. Boeing is so important to not just the airlines but also space and defense. The cruise industry projected 32 million passengers were set to travel on cruise ships in 2020, up from 30 million in 2019. Almost nobody is cruising right now. Will they come back? I think so, but nobody knows.

Note: My father gave me the following investment advice many years ago, “Don’t give any and don’t take any.” Wise man. I am not recommending buying or selling any of the stocks, crypto, or indexes I comment on. 

MAGFA Market Cap (06/19/20 4:30 PM EDT)
 Market CapLastChange in
 TrillionsWeekBillions
Microsoft$1.480$1.424$56.0
Apple$1.516$1.468$48.0
Google$0.977$0.964$12.7
Facebook$0.680$0.651$29.1
Amazon$1.334$1.269$65.0
    
Total$5.987$5.776$210.8
    
S&P 500 5/31/2020$25.240  
    
MAGFA/S&P 50023.7%22.9%0.8%
    
Bitcoin (thousands)$9,323  
    
 Market CapLastChange in
 BillionsWeekBillions
Boeing$105.6$106.9-$1.3
Royal Caribbean$11.6$12.8-$1.2
Tesla$185.6$173.5$12.1
Uber$56.0$55.9$0.1
Zoom$68.7$61.9$6.8
The Simple Science of a Greenhouse

Every day, there are stories in the media about climate change. Opinions on the subject vary widely. Based on a UN report, Axios wrote “Nothing is happening remotely fast enough to save humanity from facing the self-inflicted disaster of runaway climate change”. Some see it quite differently. The challenge is the subject consists of incredibly complex and interconnected elements. My goal is to write about this starting with the basics and develop an understandable picture which can shed some light on various policy decisions which could affect the situation.

An executive I reported to many years ago at IBM was a believer in making things simple. He was a brilliant scientist. We were working on a presentation for the board of directors. I will never forget him saying the only way to get this across to the board is to assume they are fifth graders. He had a set of rules for how to prepare a board presentation. One of his rules was to never put more than five bullets on a slide. Keep it simple. Lets start with the greenhouse.

A greenhouse is a building with glass walls and a glass roof. (Some greenhouses use polycarbonate instead of glass). The purpose of a greenhouses is to provide a perfect environment for non-stop gardening. In the early part of the year, it is a good time to get a head start with frost-tolerant plants such as broccoli, cabbage, lettuce, and spinach. When spring arrives, it is time for more tender plants such as cucumbers, melons, and squash. When internal and external greenhouse temperature reaches a peak, it is great for heat-loving plants such as eggplant, peppers, and tomatoes. After a warm summer and the beginning of cool weather, gardeners like to begin a second crop of cool-season vegetables like kale, snow peas, and turnips.

A greenhouse maintains a great environment, staying warm inside, even during the winter. The principles which make this possible are really simple. During the daytime, sunlight shines into the greenhouse and warms the air inside and the plants. At night, it gets colder outside, but the temperature in the greenhouse stays pretty warm. The simple reason is the glass walls and roof of the greenhouse trap the heat of the sun and prevent it from escaping.

Fortunately, we have a virtual greenhouse which envelops our planet Earth and keeps the temperature tolerable. Instead of glass walls and ceiling, our planet’s greenhouse consists of a layer of gasses called the atmosphere. Because the atmospheric gasses act like the walls and ceiling of a greenhouse, they are called greenhouse gases and what they do is called the greenhouse effect. The primary greenhouse gases in Earth’s atmosphere are water vapor (H2O), carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O), and ozone (O3). 

The greenhouse effect means the gases in the atmosphere trap the sun’s heat just like the glass roof of a greenhouse. During the day, the Sun shines through the atmosphere and warms the Earth’s surface. At night, Earth’s surface cools, releasing some of the heat back into the air, but some of the heat is trapped by the greenhouse gases. The greenhouse effect is a good thing. It keeps our Earth a warm and cozy 59 degrees Fahrenheit (on average). Without the greenhouse effect, Earth’s temperature would be 32 degrees below freezing. We would not be able to live here.

On the other hand, if there is too much gas in the atmosphere, more heat would be trapped, and the greenhouse effect would make the average temperature on Earth go up. NASA has placed satellites in orbit which measure the amount of gases in the atmosphere. I don’t believe there is much debate the amount of gases has increased quite a bit over the years. The scientific consensus is the increase in greenhouse gases is trapping more heat in the atmosphere and raising the temperature on Earth.

There is debate about what has caused the amount of greenhouse gases to increase. Next week, I will drill down on the subject. The deeper one gets into the subject, the more complex it becomes. I will do my best to keep it simple.

News from johnpatrick.com

Another fireside chat coming up July 14, “How to Strengthen Our Democracy in Troubling Times”. Unfortunately, there is not time to implement new mobile voting solutions in time for the November 3 election. Too bad. The need becomes more clear each day. Georgia was a disaster, disenfranchising a lot of votes. Paper ballot problems popping up in other states. Is Internet mobile voting perfect? Compared to what? That should be the response. I have stayed up late to watch the numbers come in every election day for the last 50+ years. Not this time. They will be counting paper ballots for days. You can watch a video excerpt of the fireside chat here.

We took a poll at the beginning of the Zoom session and 67% of the attendees said they believed Internet voting could strengthen our democracy. A poll at the end of the Zoom session showed 93%. Bob Reby and I will be doing a second Zoom fireside chat on the subject of voting hosted by the Ridgefield Library on July 14. Details and how to register will follow.

As of Friday’s close, Tesla market capitalization continued to climb and was at $174 billion. It traded above $1,000 per share during the week. Zoom reached a market cap of $62 billion, and Uber was down to $56 billion after the GrubHub merger fizzled. The five giant tech company market caps marched past their already meteoric level. All five companies are global, but to put their massive valuation into perspective, it now represents 23% of the market cap of the U.S. S&P 500. Shareholders are happy but government regulators and politicians are ramping up the discussion about new regulations and anti-trust hearings. I believe pressure on big tech will continue to mount. I have included a few other stocks I follow in the list this time. Boeing is so important to not just the airlines but also space and defense. The cruise industry projected 32 million passengers were set to travel on cruise ships in 2020, up from 30 million in 2019. Almost nobody is cruising right now. Will they come back? I think so, but nobody knows.

Note: My father gave me the following investment advice many years ago, “Don’t give any and don’t take any.” Wise man. I am not recommending buying or selling any of the stocks, crypto, or indexes I comment on. 

MAGFA Market Cap (06/05/20 2:30 PM EDT)
 Market CapLastChange in
 TrillionsWeekBillions
Microsoft$1.424$1.415$9.0
Apple$1.468$1.431$37.0
Google$0.964$0.983-$19.2
Facebook$0.651$0.658-$6.3
Amazon$1.269$1.237$32.0
    
Total$5.776$5.724$52.5
    
S&P 500 5/31/2020$25.240  
    
MAGFA/S&P 50022.9%22.7%0.2%
    
Bitcoin (price)$9,441.000  
    
 Billions  
Boeing$106.9  
Royal Caribbean$12.8  
Tesla$173.5  
Uber$55.9  
Zoom$61.9  


Healthcare workers often use the word “code” as slang for a cardiopulmonary arrest happening to a patient in a hospital or clinic. Announcement of the word energizes a team of providers, sometimes called a code team, to rush to a specific location and begin immediate resuscitative efforts. Code means different things to different people. Broadly speaking, code means a systematic statement of a body of law or a system of principles or rules. Politicians and activists use jobs, healthcare, or a change in leadership. Developing a vaccine for the coronavirus revolves around genetic code. If you ask a high school student what code means, she or he will wonder why you don’t know, and then explain code is the set of instructions which tells a computer what to do.

A set of instructions which tells a computer what to do is often called a “program” or a “script”, or more likely today, an app, short for application. When you click the CNBC app on your smartphone, a set of instructions are executed to display the business news of the day or retrieve a quote for the current price of a stock, bond, option, or fund. A typical smartphone app contains thousands of lines of code.

To offer an example of what code can do, I will describe a script (program) I wrote for one of my hobbies, home automation. Code is written using a computer programming language. There are many of them, the most popular being Python. When I wake up in the morning, I push a button on my nightstand which initiates a Python script  called Good Morning. It runs on a Mac computer in my home office. In the following lines, I will describe what the script does in layperson terms. The actual script follows a very strict syntax, the arrangement of words and phrases formed in a detailed way which the computer understands.

  • Retrieve the season, date, time, and weather from the Internet.
  • Raise the motorized solar shade.
  • Wait 15 seconds and then turn on the night table lamp and ceiling fan light to  low brightness.
  • Gradually increase the brightness.
  • Set thermostats based on the current season.
  • Wait 15 minutes and then unlock all doors.
  • Prepare a good morning announcement from various data.
  • Use Amazon Web Services Polly artificial intelligence to create an announcement using Salli’s amazingly human voice, and play it on the master bedroom Sonos wireless speaker.
  • Friday’s announcement was:”Good morning. Today is Friday, June 5. The time is 7:00 AM and the current weather is overcast. The temperature outside is 67 and the humidity is 85 percent. The forecast is light rain throughout the day. The high temperature will be 77 with winds out of the South at 6 miles per hour and gusts up to 16 miles per hour. There is a 94 percent chance of precipitation. Have a nice day at the Ridge.”
  • Make a music selection at random from a list of favorite stations, playlists, and albums. If it is Sunday, select at random from a list of Baroque music sources. If it is not Sunday, select at random from a list of favorite music sources, mostly from Spotify.
  • Play the selected music on Sonos speakers throughout the house. Set volume levels based on preference for each room.

The actual Python script is 115 lines of code. It took quite a few hours to write and test the code, to get it to do exactly what I wanted it to do. One thing I learned many years ago is software does exactly what you tell it to do, not necessarily what you want it to do. The process to get it right is called “debugging”.

I first learned to code (write code) more than 50 years ago in engineering school. The computer was made by GE and the computer language was called WIZ. Later, when I joined IBM, I learned other computer programming languages including Fortran, RPG, APL, and Basic. I was never a programmer (coder), but IBM required all sales people to be conversant in software so as to give good advice to customers. If you asked a high school student about the languages I just mentioned, they would say they never heard of any of them. Todays most popular code languages are Python, Java, Javascript, C#, PHP, and Ruby on Rails. There are many more. One of my grandchildren learned the basics of an Apple coding language called Swift.

Code is everywhere. A countertop toaster oven has a computer chip in it with a set of instructions to make your toast or baked casserole come out just right. Most all “televisions” today are actually computers which run code to select and play the streaming service you like. The Apple and Google app stores have roughly five million apps.

The range of lines of code in apps and devices is extraordinary. The average iPhone app has up to 50,000 lines of code. Google’s apps in total are believed to use more than two billion lines of code. To put this in perspective, a million lines of code, if printed, would be about 18,000 pages of text, 14 times the length of War and Peace.

Code is running in millions of pacemakers, games, and just about everything electronic. A few other examples:

  • The control software to run a U.S. military drone uses 3.5 million lines of code.
  • A Boeing 787 has 6.5 million lines
  • The Google Chrome browser runs on 6.7 million lines of code.
  • A Chevy Volt uses 10 million lines.

Famed venture capitalist Marc Andreesen said, “software is eating the world”. What he means is software is replacing human labor. Everywhere. In most everything. My Good Morning script is trivial, but consider the SpaceX Crew Dragon which autonomously docked itself with the International Space Station while both were circling the Earth at 17,000 mile per hour. I don’t know how many lines of code it took to do this, but a lot. A Tesla electric car is believed to have 100 million lines of code running under the hood.

The title of this article is “Do We All Have To Learn To Code?” My answer is a qualified yes. When it comes to education, every kid needs to learn at least the basics of coding, regardless of career path they may aspire toward. For those of us who have moved beyond our first careers, an understanding of coding can feed our curiosity about how things work. It is never too early or too late to learn to code. Here is what CodeMonkey has to say,

“CodeMonkey is user-friendly and intuitive. CodeMonkey takes a straight-forward approach, teaching real text-based code in a manner that even 8-year-olds can understand.”

CodeMonkey is one of many online learning platforms. Thousands of courses on coding and other topics are available. Some are expensive, many are free or low cost. I am currently taking Python courses at Treehouse. I have also taken some courses at edX.org, which offers 2,500+ online courses from 140 institutions including Berkeley, Harvard, MIT, and the University of Texas. For those aspiring to a new career, many of the courses offer certifications. As I wrote in Net Attitude back in 2001, many employers would much rather hire people who have certifications in the various skills the employer needs than people with a college degree without any specialty.

Ok, lets get back to coding or learning to code.

News from johnpatrick.com

May 30 was a really big day for astronauts Doug Hurley and Bob Behnken, and SpaceX founder Elon Musk. The launch of Crew Dragon atop a SpaceX Falcon 9 rocket was spectacular, and it made space history as the first private launch vehicle to put humans into orbit. The mission was the first NASA spaceflight to depart from American soil since NASA retired its space shuttle fleet in July 2011. The autonomous docking of the Crew Dragon to the International Space Station, while they were both circling the Earth at 17,000 miles per hour was magical. This is the beginning of a new era in space.

On May 28, Bob Reby and I had a Zoom a fireside chat, “How to Strengthen Our Democracy in Troubling Times”. We discussed Internet voting, paper ballots, and how they may impact the future of our democracy. You can watch a video excerpt of the fireside chat here.

We took a poll at the beginning of the Zoom session and 67% of the attendees said they believed Internet voting could strengthen our democracy. A poll at the end of the Zoom session showed 93%. Bob and I will be doing a second Zoom fireside chat on the same subject with the Ridgefield Library on July 14. Details and how to register will follow.

The How We Feel app continues to be important to help scientists track the virus impacts. It may prove a digital approach can work, or at least help. The app is completely private. No login required. If you don’t have the app yet, get it here for Apple or here for Android. As of Friday, in Danbury, CT, 9 thousand people were feeling well and 326 said they were not well.

The World Community Grid just launched OpenPandemics – COVID-19, a new project to help scientists at Scripps Research look for potential COVID-19 treatments. The project is getting off to a fantastic start, but there are likely more than a billion work units of data which need to be crunched as scientists race against the clock to find and test potential treatments. Scientists predict pandemics may become more frequent. That is why the project was designed to be deployed rapidly to fight future outbreaks. I’ll have more about the World Community Grid in a future article.

As of Friday afternoon, Tesla market capitalization continued to climb and was at $164 billion. Zoom reached a market cap of $58 billion, and Uber was at $65 billion. The five giant tech company market caps marched past their already meteoric level. All five companies are global, but to put their massive valuation into perspective, it now represents 24% of the market cap of the U.S. S&P 500. Shareholders are happy but government regulators and politicians are ramping up the discussion about new regulations and anti-trust hearings. I believe pressure on big tech will continue to mount.

MAGFA Market Cap (06/05/20 2:30 PM EDT)
Microsoft$1.415Trillion
Apple$1.431Trillion
Google$0.983Trillion
Facebook$0.658Trillion
Amazon$1.237Trillion
   
Total$5.724Trillion
   
S&P 500 4/30/20$24.140Trillion
   
MAGFA24% 
 
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