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News from johnpatrick.com

Reflection Attitude

Reflection Attitude published on August 22 and is now live on Amazon in both print and Kindle. Both versions have an introductory priced of $9.99. Reflection Attitude is part of the “It’s All About Attitude” series. You can see the entire series with information about each of the seven books here. Now comes the hard part — marketing. I found a gentleman in North Carolina on the Upwork freelancer site. He is going to help me develop marketing materials and ads on Facebook, Twitter, LinkedIn, and Amazon. I will share how that is going in the weeks ahead. One of the key elements of the marketing plan is the Attitude LLC page on Facebook. It will become my book store with links to Amazon for each of the books. If you use Facebook, please add a Like for my Attitude LLC page. It will start getting better every week.

Ukraine

UNITED24 has now raised $177 million. It was launched by the President of Ukraine Volodymyr Zelensky as the main venue for collecting charitable donations in support of Ukraine. Zelensky is a TV star, comedian, and lawyer. I think of him as the modern day Ronald Regan. His daily speeches and countless meetings with world leaders has resulted in support for Ukraine by Europe and countries around the world. The website is really well done. Funds can be donated by credit card, PayPal, bank transfer, or crypto and will be transferred to the official accounts of the National Bank of Ukraine and allocated by assigned ministries to cover the most pressing needs. A weekly report shows exactly what the donations have been spent on. fyi, change.org has a petition to kick Russia out of the United Nations. If you agree with that, click here to sign the petition as I did. More than 35,000 had signed when I first mentioned this. The number as of Friday morning is more than 79 thousand.

Space

 

NASA this week announced James Webb Space Telescope has made its first direct image of an exoplanet. Discovered by the Very Large Telescope in Chile in 2017 and cataloged as HIP 65426 b, it is one of more than 5,000 known exoplanets, and although it is not the first exoplanet to be directly imaged, Webb’s position outside Earth’s distorting atmosphere along with its powerful instruments have enabled the most accurate measurements of this object yet. Webb’s Near-Infrared Camera (NIRCam) and Mid-Infrared Instrument (MIRI) are each equipped with a coronagraph, which can block out light from the host star to see the planet, which is about 10,000 times fainter, and 100 times further away than Earth is from our sun. Direct images of planets help scientists understand the physics, chemistry, and formation of these objects, and with so many targets out there more discoveries are sure to be made.

 

NASA’s first launch attempt of the Artemis I mission Monday was “scrubbed” due to technical issues with the giant Space Launch System (SLS) rocket. Specifically, a temperature sensor in one of four main engines in the core stage of the rocket was reading an unacceptable value. In a somewhat counterintuitive manner, the engines actually need to be cooled down rather than warmed up before igniting. In fact, the operating temperature for the RS-25 engines is -420 Fahrenheit as they consume cryogenic propellent to create thrust, which exits the nozzle at about 6,000 degrees. After studying the data, engineers believe all four engines were actually cooled to the correct temperature and the sensor is faulty, and as such will proceed with another launch attempt rather than replace the sensor. Launching a new rocket carries a significant amount of inherent risk and mission managers are taking the “We’ll launch when we’re ready” approach. The next launch attempt is Saturday at 2:17PM EDT.

– Aaron J. Patrick

Crypto

Crypto had a nice rally but is now falling and has a very long way to get back to recent highs. Bitcoin and Ethereum are leading the way. The two combined represent more than 60% of the total market cap of all cryptocurrencies. The other more than 20,000 cryptocurrencies are mostly junk. There are some exceptions. I dabble in Dogecoin and Shiba Inu but not significantly. They do have some appeal as memes. Creative people are trying to change how banking and insurance work and doing it without regulation. Fraud and failures are not surprising. When you see the promised high interest rate on crypto balances and low rates on borrowing, you know something is not copasetic. VCs continue to invest and governments around the world are studying crypto. It is not going to go away. We need Congress to get its act together so the innovation ahead does not move to Europe and Asia.

Wall Street

What a summer rally. Major averages tanked for 3rd week, and Nasdaq posted a 6-day losing streak. Rate hike fears seem to be driving it. Gammat stocks only $8.4 trillion. Regulators and politicians are after big tech but likely big tech will outsmart them or Congress will go on vacation. Nancy Pelosi nixed a bi-partisan privacy bill. I remain bullish on tech. I just have to wait.