The Worlds Longest Airship, The Airlander 10 (Hindenburg II) Has Meet Its End…

Posted By on November 18, 2017

The world’s longest airship crashed early this morning. The £25m airship called ‘Airlander 10’ appeared to “break in two,” a witness told the BBC. Reports suggest the airship broke free from mooring less than 24-hours after a successful test. At the time, no-one was on board of the aircraft, but Bedfordshire police, paramedics and fire crews were alerted and treated a women who suffered minor injuries.

Airlander

The Airlander 10 is/was the world’s largest aircraft produced by Hybrid Air Vehicles. The airship is classified as a helium airship powered by four diesel engines driving large propellers on each side of the craft. Hybrid Air Vehicles originally built this aircraft for the United States Army’s Long Endurance Multi-intelligence Vehicle (LEMV) program in 2012, but was cancelled one-year later.

Hybrid-Air-Vehicles-Airlander-Airship-at-Cardington-Aerodrome

$300 Million in Cryptocurrency’ Accidentally Lost Forever…That’s Right, Forever!

Posted By on November 18, 2017

A user mistakenly takes control of hundreds of wallets containing cryptocurrency Ether, then accidently permanently destroys them in a panic while trying to give them back…Hmm, sounds like a bad day for someone!

More than $300m of cryptocurrency has been lost after a series of bugs in a popular digital wallet service led one curious developer to accidentally take control of and then lock up the funds, according to reports.

Unlike most cryptocurrency hacks, however, the money wasn’t deliberately taken: it was effectively destroyed by accident. The lost money was in the form of Ether, the tradable currency that fuels the Ethereum distributed app platform, and was kept in digital multi-signature wallets built by a developer called Parity. These wallets require more than one user to enter their key before funds can be transferred.

On Tuesday Parity revealed that, while fixing a bug that let hackers steal $32m out of few multi-signature wallets, it had inadvertently left a second flaw in its systems that allowed one user to become the sole owner of every single multi-signature wallet.

The user, “devops199”, triggered the flaw apparently by accident. When they realised what they had done, they attempted to undo the damage by deleting the code which had transferred ownership of the funds. Rather than returning the money, however, that simply locked all the funds in those multisignature wallets permanently, with no way to access them.

“This means that currently no funds can be moved out of the multi-sig wallets,” Parity says in a security advisory.

Effectively, a user accidentally stole hundreds of wallets simultaneously, and then set them on fire in a panic while trying to give them back.

“We are analysing the situation and will release an update with further details shortly,” Parity told users.

Hard fork

Some are pushing for a “hard fork” of Ethereum, which would undo the damage by effectively asking 51% of the currency’s users to agree to pretend that it had never happened in the first place. That would require a change to the code that controls ethereum, and then that change to be adopted by the majority of the user base. The risk is that some of the community refuses to accept the change, resulting in a split into two parallel groups.

Such an act isn’t unheard of: another hack, two years ago, of an Ethereum app called the DAO resulted in $150m being stolen. The hard fork was successful then, but the money stolen represented a much larger portion of the entire Ethereum market than the $300m lost to Parity.

The lost $300m follows the discovery of bug in July that led to the theft of $32m in ether from just three multisignature wallets. A marathon coding and hacking effort was required to secure another $208m against theft. Patching that bug led to the flaw in Parity’s system that devops199 triggered by accident.

Parity says that it is unable to confirm the actual amount lost, but that the $300m figure is “purely speculative”. The company also disputes that the currency is “lost”, arguing that “frozen” is more accurate. But if it is frozen, it appears that no-one has the ability to unfreeze the funds.

“The Parity vulnerability was the result of an incorrectly coded smart contract used by the Parity wallet to store tokens on the Ethereum network,” said Dominic Williams, founder of blockchain firm DFINITY. “The vulnerability made it possible for anyone to ‘freeze’ the tokens held by that smart contract, making them immovable. At this time, the only method we are aware of to ‘unfreeze’ tokens held by the vulnerable smart contract would be to create a new ‘hard fork’ Ethereum client that deploys a fix. This would require every full node on the Ethereum network to upgrade by the date of the hard fork to stay in sync, including all miners, wallets, exchanges, etc.”

Ethereum has rapidly become the second most important cryptocurrency, after Bitcoin, with its price increasing more than 2,500% over the past year. One token of Ether is now worth a little over $285, up from $8 in January.

Congress Discloses Complete Number Of Harassment Settlements Over The Past 20 Years

Posted By on November 17, 2017

Congressional harassment records were unveiled yesterday for the first time by the Congressional Office of Compliance. Anybody surprised?

 

congressional harassment settlements

And the payouts…

congressional harassment payouts

First Time Ever, The Top 1% Own More Than Half The World’s Wealth

Posted By on November 14, 2017

The top 1% of global wealth holders started the millennium with 45.5% of all household wealth. This share was about the same until 2006, then fell to 42.5% two years later. The downward trend reversed after 2008 and the share of the top one percent has been on an upward path ever since, passing the year 2000 level in 2013 and achieving new peaks every year thereafter. According to our latest estimates, the top one percent own 50.1 percent of all household wealth in the world.”

Wealth Pyramid 2017

Tax Revenues Hit New Record

Posted By on November 14, 2017

Record total tax revenues were collected in the month of October, taking in a total of $235,341,000,000 during the first month of fiscal 2018, according to the Monthly Treasury Statement released today.

The federal government also brought in record individual income tax revenues for the month of October, taking in $127,832,000,000 in individual income taxes.

Record Taxes

According To A New Poll, 12% of Americans Say That Are Skipping Holiday Gifts In 2017

Posted By on November 13, 2017

According to a new report, one-in-eight (12%) Americans say they don’t plan to buy any gifts at all this year.

CreditCards.com surveyed over 1,000 adults and found that despite the uptick in the economy under President Trump, many Americans are planning to be frugal this year, with only 27% of them planning to shell out $100 or more on a single gift.

Male gift-givers were the most likely to splurge on their significant other, but women said they were most likely to spend more on their children. Overall, women are planning to be the cheapest this year with 40% of them spending less than $50 on their priciest present, compared with 29% of men.

New Gallup Poll Lists Things Americans Worry About Most

Posted By on November 12, 2017

A new Gallup poll has found that 67 percent of U.S. adults frequently or occasionally worry about having personal, credit card or financial information stolen by hackers. Another 66 percent also worry about the threat presented by identity theft.

Crimes

The Latest On The Senate Tax Bill vs. The House Version

Posted By on November 9, 2017

Confirming the leaks that occurred in the last hours, Senate Republicans just released their proposal for the tax bill and it is notably different from the House bill.

Here are the most notable highlights (more details below):

  • 20% permanent corporate tax cut delayed by 1 year
  • Complies with the $1.5 trillion cost (will cost $1.44 trillion)
  • Preserves 7 tax brackets: top tax bracket is 38.5%, down from 39.6%
  • Doubles standard deduction from $12,700 to $24,000 (married couples)
  • Ends state and local tax (SALT) deduction; keeps business deduction
  • Keeps the mortgage Interest deduction cap at $1 million
  • Preserve the estate tax, doubling the current $5.49 million exemption for individuals
  • Raises the child tax credit to $1,650 from $1,000
  • Sets 10% tax rate for US companies with IP in foreign low-tax jurisdictions
  • Full expensing of capital investments for five years
  • Preserves 401(k)s IRAs,
  • Sets repatriation rate at 12% for liquid assets, 5% for illiquid assets
  • Carried interest loophole unchanged
  • Electric Vehicle tax credit is spared (good news for Musk)

Tax Bill

Bloomberg details how the Senate proposal compares with the House version so far on some key areas, updated throughout the day:

 

INDIVIDUAL

Income Tax brackets

  • WHAT’S IN THE SENATE BILL: The Senate would include seven individual brackets of 10 percent, 12 percent, 22.5 percent, 25 percent, 32.5 percent, 35 percent and 38.5 percent. The last one would be a decrease from current law’s top individual rate of 39.6 percent. Thresholds for each bracket weren’t immediately available.
  • HOW THAT DIFFERS FROM THE HOUSE: The House would shrink the number of brackets to four with these thresholds for married taxpayers filing jointly: 12 percent: $24,000 to $90,000; 25 percent: $90,000 to $260,000; 35 percent: $260,000 to $1 million; 39.6 percent: $1 million and up. The thresholds would be adjusted for inflation based on chained CPI, a formula that would subject more income to higher tax rates than under the regular consumer price index.

State and Local Tax Deductions

  • SENATE BILL: Eliminates state and local tax deductions for individuals, according to Senator John Hoeven of North Dakota.
  • HOUSE BILL: The deduction for state and local income taxes or sales taxes would be repealed, while the deduction for state and local property taxes would be capped at $10,000.

Home-Mortgage Interest Deduction

  • SENATE BILL: Preserve the existing mortgage-interest deduction for home purchases with up to $1 million of debt.
  • HOUSE BILL: The home-mortgage interest deduction would be reduced for new purchases to $500,000 of debt from the current $1 million. The bill would also limit the deduction to one principal home, ending the break for second homes.

Standard Deduction

  • SENATE BILL: Roughly doubles the standard deduction to $12,000 for individuals and $24,000 for couples.
  • HOUSE BILL: Same.

Medical Expense Deduction

  • SENATE BILL: Preserve existing medical expense deduction and enhance the standard deduction for the blind and elderly.
  • HOUSE BILL: Repeal the medical expense deduction.

Child Tax Credit

  • SENATE BILL: Expand the credit to $1,650 from $1,000.
  • HOUSE BILL: Increase the credit to $1,600 per child younger than 17 — up from $1,000 — and includes an additional $300 credit for each parent as part of a consolidated family tax credit.

Estate Tax

  • SENATE BILL: Preserve the estate tax while doubling the current $5.49 million exemption for individuals.
  • HOUSE BILL: The estate tax would end after 2023. Before then, the current $5.49 million exemption for individuals would be doubled.

BUSINESS

Corporate Tax Cut

  • SENATE BILL: A corporate tax-rate cut to 20 percent would be delayed by one year to January 2019, according to GOP Senator Bill Cassidy of Louisiana.
  • HOUSE BILL: The corporate income tax rate would be a flat 20 percent starting in 2018.

* * *

The question now is whether the Senate bill will pass the House, and while there are some grumblings about the corporate tax cut delay (which will force companies to minimize 2018 profits and boost them in 2019), there may be just enough support for it to pass.

We Lose An Hour On Sunday, Nov 5th

Posted By on November 3, 2017

Just a friendly reminder to set your clocks back one hour Sunday, November 5.

Did you know? The U.S. adopted the measure during World War I to conserve energy…after Germany and its allies had done the same thing. After the war, it was repealed in the U.S., then reintroduced during World War II. After the war, it was up to individual states to observe Daylight Savings (most did), and also when to start and when to stop. In 1966, Congress passed the Uniform Time Act to set universal start and end times and dates for participating states.

Understanding Solar Flares

Posted By on October 27, 2017

Earthsky.org provides an easy understanding of what is a cornoal mass ejection…

A CME can launch a billion tons of plasma from the sun’s surface into space, at speeds of over a million miles per hour. Every so often, the sun burps.  But, unlike myself, when the sun burps, it does so with the power of 20 million nuclear bombs.  These hiccups are known as coronal mass ejections (CMEs)—powerful eruptions near the surface of the sun driven by kinks in the solar magnetic field.  The resulting shocks ripple through the solar system and can interrupt satellites and power grids on Earth.

 

Solar Flares

Source: ZeroHedge

DoD Plans Solar-Storm Based National Blackout Drill In November 2017

Posted By on October 27, 2017

According to The National Association for Amateur Radio (ARRL), elements of the US Department of Defense (DOD) will simulate a  “communications interoperability” training exercise across the United States on November 04-06. The announcement released on October 24 has not been widely distributed to the media, because the drill is simulating a total grid collapse and could spark public fear.

EMP

Explained by Army MARS Program Manager Paul English,

“This exercise will begin with a national massive coronal mass ejection event which will impact the national power grid as well as all forms of traditional communication, including landline telephone, cellphone, satellite, and Internet connectivity,”

Here is snippet of section 1 of the executive order:

Space weather events, in the form of solar flares, solar energetic particles, and geomagnetic disturbances, occur regularly, some with measurable effects on critical infrastructure systems and technologies, such as the Global Positioning System (GPS), satellite operations and communication, aviation, and the electrical power grid. Extreme space weather events — those that could significantly degrade critical infrastructure — could disable large portions of the electrical power grid, resulting in cascading failures that would affect key services such as water supply, healthcare, and transportation. Space weather has the potential to simultaneously affect and disrupt health and safety across entire continents. Successfully preparing for space weather events is an all-of-nation endeavor that requires partnerships across governments, emergency managers, academia, the media, the insurance industry, non-profits, and the private sector.

Back to the exercise on November 04-06,  the US Department of Defense headquarters entity will work with the US Army and US Air-Force MARS organizations and the Amateur Radio community to request status reports for 3,143 US counties. During the exercise, communication frequencies will use HF NVIS, VHF, UHF, and non-internet linked Amateur Radio repeaters.

In addition, Army MARS Program Manager Paul English said,

We want to continue building on the outstanding cooperative working relationship with the ARRL and the Amateur Radio community,” English said. “We want to expand the use of the 60-meter interop channels between the military and amateur community for emergency communications, and we hope the Amateur Radio community will give us some good feedback on the use of both the 5-MHz interop and the new 13-MHz broadcast channels as a means of information dissemination during a very bad day scenario.

Sources: ZeroHedge.com

Blockchain Trends Will Revolutionize IoT (Internet of Things)

Posted By on October 26, 2017

Blockchain technology derived from cryptocurrency’s evolution may well define the most important new trend of the next 10-20 years.

There are many evolving blockchain trends that will transfer power from centralized governments to the citizens, including the internet of things, blockchain identification and voting platforms, and diverse financial markets.

Melding blockchain solutions with IoT, the internet of things, is a new concept that allows citizens to demonstrate their compliance with government policies remotely, which can help avoid enforcement that might otherwise act with a bias. It can also prove compliance in circumstances when law enforcement is mistakenly prosecutorial. Imagine an IoT device attached to your car that records your speed at wireless intervals along the highway. Combined with blockchain’s irrefutable ledger of entries, it will be easy for a computer to accurately monitor and adjust your speed (or wire you a ticket), making highway police officers less unnecessary. These state or local cops are often motivated by avoiding boredom, fulfilling quotas, and exercising their power rather than keeping the flock safe.

Though one might believe that the example above naturally requires them to be a subject of mass surveillance just to avoid interaction with the police, this is only half-true. Other government functions will be replaced by blockchain as well, and these will allow for safe, uncompromising identification. One company working on a realistic solution is SelfKey. SelfKey is a system that can easily integrate with bureaucratic government offices, like those that handle registration of vehicles, establishment of businesses, charities, insurance policies, trusts and a whole host of other contracts that require verification of an identity. With SelfKey, one pays KEY tokens to register themselves with various private, and public processes from local, state, and national governments securely.

For blockchain participants, the difference is that they are not surrendering any sensitive identifying information to centralized, vulnerable sources (even those within the government). Using cryptocurrency as a medium for identification is smart, because it naturally keeps centralized authorities from unwanted surveillance. Individual services can register a company or vehicle to the correct identity, without ever knowing the name behind the number (or 256-character hash). Thanks to cryptography standards, public dissemination of data can be verified as accurate while still being anonymous. This is the public and private key functionality that allows a computer to verify your ownership over bitcoin, for example, without knowing your name.

This concept is applicable to voting, especially if preventing government overreach is crucial. With the ledger-like permanence of a blockchain voting record, votes cannot be created from thin air, altered in the chain, or attributed to anyone else. Companies such as Horizon State are already working on blockchain voting solutions that allow users to remain truly anonymous and prevent fraud. This type of unalterable voting system will prevent parties from padding ballot boxes, miscounting, or taking part in other mischief that can swing an election in unanticipated directions. Clearly, blockchain can help democratic methods to remain pure, which increases the value of a single vote and encourages more to turn out and fight unfair policy.

Breaking the Financial Chains – In our modern capitalist infrastructure, the shareholder is king, which puts corporations on the same level as deities. Thanks to poor privacy laws, these businesses can freely exchange in-depth user information just for the price of letting people enjoy their services. The Terms and Agreements that everyone skips over when running their new application is them “asking” for permission to monitor you and sell your data to the highest bidder.

Companies like Datum are using the blockchain to fight this unfortunate truth. Not only are companies like Apple and Amazon profiting from the use of their customers’ data, they’re also putting customers at risk by storing it in unsafe places. Centralized servers are susceptible to breaches by hackers, who literally have millions of identities at their fingertips. Decentralized networks provide these hackers no real target, as information is stored as encrypted data on the entire network. It also allows users to set their own sharing privileges, and if they are willing, profit from sharing it all. In many ways, blockchain is slowly democratizing the way that entire industries operate. This lengthy decentralization period will inevitably change how we think about political representation, financial accessibility, information sharing, and an array of other ideas that have traditionally suffered from overreach in the worst ways.

 Sources: 

Bloq Says “We’ve Built A Thousand-Year Cryptocurrency” – And It Works On Multiple Blockchains

Posted By on October 25, 2017

Bloq, a new startup co-founded by Jeff Garzik, is launching a new cryptocurrency called Metronome, which can switch between blockchains. This is big news and may create radical change in the landscape of the cryptocurrency markets.   Coindesk reports …

Long a controversial figure at the center of the debate on how best to scale the public bitcoin blockchain, Garzik’s company is today announcing what it believes will be a solution to the infighting he perceives as keeping money out of the established cryptocurrency market.

Revealed at Money2020 in Las Vegas, Bloq is unveiling metronome, a cryptocurrency that seeks to claim a series of firsts in crypto-economics, including offering users the ability to switch the same token back and forth between blockchains as desired.

“It’s sort of a best-of-all-worlds cryptocurrency,” Garzik said, describing it as a ‘boxcar’ that could ride on top of any compatible blockchain.

Bloomberg Explains

Jeff Garzik, one of a handful of key developers who helped build the underlying software for bitcoin that is known as blockchain, has seen its shortcomings first hand. So he decided to create a better digital currency.

He’s calling it Metronome and says it will be the first that can jump between different blockchains. For example, coins that are used for applications on the Ethereum blockchain will be able to move to Ethereum Classic before jumping onto Qtum or Rootstock, which connects with the bitcoin blockchain, said Garzik. The mobility means that if one blockchain dies out as the result of infighting among developers or slackened use, metronome owners can move their holdings elsewhere. That should help the coins retain value, and ensure their longevity.

Bloq’s co-founder, Matthew Roszak, expects the new cryptocurrency to attract interest from institutional investors, as he explained to Coindesk

“Roszak believes this sophisticated automation will encourage large investors who have yet to put money into public cryptocurrencies for fear of the seemingly erratic decision-making by developer groups to do so. When they analyze cryptocurrency, the analysts, engineers and economists sitting at the committee, they’re saying they pick the top two – bitcoin and ether. Then they say, well there’s forks, ‘civil wars,’ ‘proof of Vitalik,’ Roszak posited.

‘They’re cryptographically secure but these components create surprise and risk.’ In contrast, Roszak framed the Metronome token as ‘fixed and locked in stone,’ attributes he suggested should counter these concerns. Equally unique, however, is how the token will seek to operate on launch. As described in its announcement materials, metronome is opening with an initial auction of 10 million MTN, with 8 million MTN being made available to the public and 2 million being set aside for Bloq as the principal development team.

Roszak told Bloomberg “We’ve built a thousand-year cryptocurrency, something that’s built to last.” Garzik explained his thinking behind metronome as “seeking to offer a utility to those who want a more reliable store of value and foundation for distributed applications. ‘We feel that there is a consistent demand for a cross-chain option. I point to the major uncertainty of proof-of-stake and proof-of-work, where the proof-of-stake system is going to change the money supply, but (Ethereum) hasn’t stated how much it will change,’ he said. As outlined in the metronome white paper, one of the chief selling points of the token is that it boasts “zero founder control” after its launch, and as such, is resistant “‘to the whims of individual or community discord” by functioning as a series of smart contracts.

“If I had a clean slate of paper this is what I would design, Garzik told Bloomberg. He might be correct, although the now ancient rivalry between VHS and Betamax springs to mind, never mind the coming entry of governments into the cryptospace. “While seeking to side-step some of these challenges, metronome will have some of its own. It’s starting out with zero users, compared with 35 million active bitcoin users a month. There are more than 1,100 tokens and currencies competing for users, according to CoinMarketCap. The token will first be issued on ethereum, and support for ethereum classic and other blockchains is expected within months.

Garzik’s long -term vision is for an internet of blockchains, of which Bitcoin is the root. He sees a four-step development in blockchain technology, as he told Bitcoin Magazine in 2016.

Step One: Is digital currency, the very first use case of blockchain,’ Garzik said. That means Step One in the evolution of blockchain technology, as Garzik explains it, is obviously Bitcoin. Bitcoin, introduced in 2008, has caught the imagination of large swaths of the collective imagination, from major financial institutions to hackers in their mom’s basements.

Step Two: Which, according to Garzik, Bitcoin has already surpassed, includes companies researching how digital currencies ? or tokens ? can be used in interbank transfers. Financial institutions are doing this in order to make the modern methods of money transmission more efficient. While credit cards and debit cards work well, people lament the need still for paper checks or wire transfers, which can take days. Moreover, the latter costs a large percentage of the overall transfer. As Garzik puts it: ‘Step Two is digital assets, where you have financial institutions putting digital assets on the blockchain.’

Step Three: Is smart properties,’ Garzik said. ‘Putting physical assets on a blockchain, whether it’s a jet, a boat, a plane, real estate or something like that.’ This phase has been theorized about for years and the mainstream media is undoubtedly catching on to things like how the Internet of Things (IoT) and blockchain can unite to power the cities of the future. For many, this comes down to managing property on the blockchain. Smart property refers to ownership determined by blockchains with smart contracts. Smart property can also include shares in a company or access rights to a software or computer. Smart property streamlines the ownership process, diminishing the chances for fraud and reducing mediation costs.

Step Four: ‘Step Four ties all of that together into a mesh network of cross-chain smart contracts that guard the assets and the assets mature,’ Garzik said. ‘Really move beyond simple encryption needs for managing and securing assets. Right now, I think we are moving from Step Three to Step Four with some of the exciting things going on in the Ethereum community and similar technologies on the smart contract side. With Rootstock most notably, similar (things are) happening on the Bitcoin side as well.’ It’s this development that is ‘exciting to me in the very near term,’ Garzik said.

Garzik partnered with Matthew Roszak in November 2015 on Bloq. ‘Open source is key to rapid innovation,’ said Garzik, ‘and this has been true of both the early days of Linux and cryptocurrency. But at some point, there needs to be an enterprise-grade solution for a technology to be reliable enough to play in the Fortune 500. You can’t sit around and hope that unpaid volunteers come up with an update. Red Hat solved this problem for the Linux market, and Bloq will solve it for the blockchain.”

Here is a little background on Garzik as he described himself on Bitcoin.com in 2015:

Coding since the age of 8
– First stock trading at 12, first business at 16
– Coding open source software – GNOME, Linux, cloud etc. – for over 20 years
– Discovered bitcoin in the “Great Slashdotting” of July 2010
– Initially a bitcoin sceptic; had to study the software to see if it works.
– Quit 10+ year job at Red Hat to work full time at Bitpay in June 2013
– Recently wound down space project Dunvegan Space Systems
– Bitcoin’s greatest legacy is catalyst, kicking off the current crypto revolution
– It’s just the early days of bitcoin.

Bitcoin interests me as a base layer for enabling automated AI entities to function in the real world, hiring humans and running corporations via decentralized markets.

 

Older Workers And Retirement Security

Posted By on October 16, 2017

Teresa Ghilarducci is a labor economist at The New School, specializing in retirement security. Here’s what she told the Washington Post last month. 

“There is no part of the country where the majority of middle-class older workers have adequate retirement savings to maintain their standard of living in their retirement.”

Her research shows even high-income workers haven’t saved enough to fund comfortable retirements.

Retirement

These are sobering numbers:

  • 19.7% of retirees get 100% of their income from Social Security.
  • A full third (33.4%) depend on it for 90% of their income.
  • And 61.1% get at least half their income from Social Security.

Retirement SS

This Is How Wars Are Going To Be Fought In The Future

Posted By on October 14, 2017

The UAV (Unmaned Aerial Vehicle) below is one of the most advanced U.S. offensive weapons available for advanced war strategies. It is believed to be a MQ-9 Reaper with a price tag of $10.5 million. The aircraft can stay airborne for up to 36 hours with 1.7 tons of missiles and bombs on board…and there’s probably more it can do, but we don’t know about it because it would be top secret!

Drone

Sources: ZeroHedge.com

If You’re Between The Age Of 16 And 36 You’re A Millennial (Generation Y) Also Known As Generation ME …You Will Define Our Future

Posted By on October 10, 2017

They can play video games better than anybody, but when it comes to doing the simple things, millennials are the dumbest generation ever! They are also the highest ranking generation for narcissism and have an acute sense of self-entitlement. So here’s to you Generation Y … “May the winds blow while your sails are up”! 

Population By Age

The biggest single age cohort today in the U.S. is 26-year-olds, who number 4.8 million, according to Torsten Slok, chief international economist for Deutsche Bank . People 25, 27 and 24 follow close behind, in that order. Many are on the verge of life-defining moments such as choosing a career, buying a house and having children.

Millennials as a whole are America’s latest demographic bubble, overtaking the baby boom generation and, like them, transforming popular culture, retailing, media and lifestyles. They make up about 42% of all home buyers today, and 71% of all first-time home buyers, according to Zillow Group . Some 86% of millennial home buyers reported making at least one improvement to their home in the past year, more than any other generation, Zillow says.

 

Not So Smart, Especially If You Get Caught In A Picture Celebrating The Same Thing You Are Now Ripping… Hmmm Seems Like A Good Time To Keep Politics Away From Dr Seuss

Posted By on October 1, 2017

BUSTED: Librarian Who Rejected Melania’s ‘Racist’

Dr. Seuss Gift Outed As Total Hypocrite

 

Content originally published at iBankCoin.com

A snarky elitist librarian from Cambridge, Mass. responded to First Lady Melania Trump’s gift of Dr. Seuss books with a condescending screed about how Dr. Seuss is racist – recommending Mrs. Trump should instead gift the (racist) books to underprivileged children.

Liz Phipps Soeiro turned down the collection of nearly a dozen books, telling the First Lady that her elementary school was ‘award-winning’ and ‘well-funded,’ before adding ‘You may not be aware of this, but Dr Seuss is a bit of a cliché, a tired and worn ambassador for children’s literature. 

‘Another fact that many people are unaware of is that Dr Seuss’s illustrations are steeped in racist propaganda, caricatures, and harmful stereotypes.

‘Open one of his books (If I Ran a Zoo or And to Think That I Saw it On Mulberry Street, for example), and you’ll see the racist mockery in his art.’

Oh no she didn’t…

Within hours of Soeiro’s statements, internet sleuths dug up photos of the rabid liberal educator decked out as the Cat in the Hat in 2015 to celebrate Dr. Seuss’ birthday, leading some to speculate it’s the reason she deleted her Twitter account, @reflectlibrary.

1. Hypocritical librarian who attacked @FLOTUS for book donations, deletes both her accounts after twitter shows her hateful hypocrisy. pic.twitter.com/TLHpFg0Nkz

2. Here’s a picture Liz Phipps Soeiro posted actually celebrating Dr Seuss’s books, so apparently she likes “racist” reading materials also! pic.twitter.com/F1CY0XJx5f

View image on Twitter

I’m sure this is why the twit @reflectlibrary deleted her twitter account. Hahahahahaha

Melania responds

In response to Soeiro’s rejection and letter, Melania Trump said the librarian’s response was ‘unfortunate,’ adding that she wanted to use her platform ‘to help as many children as she can.’

‘To turn the gesture of sending young students some books into something divisive is unfortunate.’ –First lady Melania Trump’s office

Racist Michelle Obama

People were also quick to point out that first lady Michelle Obama has read the ‘racist’ books to children for years.

 

Last but not least – looks like professor hypocrite is also the creator of an anti-Trump t-shirt which says “Read Write Resist,”.

 

View image on Twitter

Cancelled Twitter account. Coward. What a shame America can’t tell her what we think of her moronic actions!

The Time Everyone “Corrected” The World’s Smartest Woman…They Were All Wrong!

Posted By on October 1, 2017

Monty Hall, the genial host and co-creator of “Let’s Make a Deal,” the game show on which contestants in outlandish costumes shriek and leap at the chance to see if they will win the big prize or the booby prize behind door No. 3, died at his home in Beverly Hills, Calif., on Saturday. He was 96.

In memory of the great entertainer, we present:

The Time Everyone “Corrected” the World’s Smartest Woman

Authored by Zachart Crockett via Priceonomics.com,

By all accounts, Marilyn vos Savant was a child prodigy

Born in St. Louis, Missouri in 1946, the young savant quickly developed an aptitude for math and science. At age 10, she was given two intelligence tests — the Stanford-Binet, and the Mega Test — both of which placed her mental capacity at that of a 23-year-old. She went on to be listed in the Guinness Book of World Records for having the “World’s Highest IQ,” and, as a result, gained international fame.

Despite her status as the “world’s smartest woman,” vos Savant maintained that attempts to measure intelligence were “useless,” and she rejected IQ tests as unreliable. In the mid-1980s, with free rein to choose a career path, she packed her bags and moved to New York City to be a writer.

Here, she caught a break: when Parade Magazine wrote a profile on her, readers responded with so many letters that the publication offered her a full-time job. Shortly thereafter, she established “Ask Marilyn,” a now-famous weekly column in which she answered (and continues to answer, to this day) a variety of academic questions and logic puzzles. It was in the body of one of these columns that vos Savant ignited one of the most heated statistical battles of the 21st century.

When vos Savant politely responded to a reader’s inquiry on the Monty Hall Problem, a then-relatively-unknown probability puzzle, she never could’ve imagined what would unfold: though her answer was correct, she received over 10,000 letters, many from noted scholars and Ph.Ds, informing her that she was a hare-brained idiot.

What ensued for vos Savant was a nightmarish journey, rife with name-calling, gender-based assumptions, and academic persecution.

The Monty Hall Problem: A Brief History

Imagine that you’re on a television game show and the host presents you with three closed doors. Behind one of them, sits a sparkling, brand-new Lincoln Continental; behind the other two, are smelly old goats. The host implores you to pick a door, and you select door #1. Then, the host, who is well-aware of what’s going on behind the scenes, opens door #3, revealing one of the goats.

“Now,” he says, turning toward you, “do you want to keep door #1, or do you want to switch to door #2?”

Statistically, which choice gets you the car: keeping your original door, or switching?

If you, like most people, posit that your odds are 50-50, you’re wrong — unless, of course, you like goats as much as you like new cars, in which case you’ll win 100% of the time.

Loosely based on the famous television game show Let’s Make a Deal, the scenario presented above, better known as the “Monty Hall Problem,” is a rather famous probability question. Despite its deceptive simplicity, some of the world’s brightest minds — MIT professors, renowned mathematicians, and MacArthur “Genius” Fellows — have had trouble grasping its answer. For decades, it has sparked intense debates in classrooms and lecture halls.

Historically, the Monty Hall Problem was predated by several very similar puzzles.

In Joseph Bertrand’s box paradox (1889), three boxes are presented — one containing two gold coins, one containing two silver coins, and the final containing one of each. Assuming the participant draws one gold coin from a box, the problem then asks what the probability is that the other coin in that box is gold. Bertrand, who concluded that the probability was ?, was lauded for his ability to look beyond the obvious.

A second iteration of this paradox, the Three Prisoners Problem (1959), presents a statistically identical scenario, with the same outcome. “[It’s] a wonderfully confusing little problem,” its creator, Scientific American columnist Martin Gardner, later wrote, smugly. “In no other branch of mathematics is it so easy for experts to blunder as in probability theory.”

First presented in a letter to the editor of The American Statistician in 1975, the Monty Hall Problem was also counterintuitive. In this letter, Steve Selvin, a University of California, Berkeley professor, splayed out the situation in the intro of this article, and contended that switching doors yields a ? chance of winning the car, whereas keeping the original door results in winning only ? of the time.

Over the next decade or so, the Monty Hall Problem made several appearances, first in a Journal of Economics Perspectivespuzzle by Barry Nalebuff, and subsequently in a 1989 issue of Bridge Today, by Phillip Martin. Neither man’s logic was refuted, and the problem generated relatively little attention.

Then, after 15 years without incident, the Monty Hall Problem was resurrected by Marilyn vos Savant — and an absolute shit-storm ensued.

Marilyn vos Savant’s Debacle

In September 1990, Marilyn vos Savant devoted one of her columns to a reader’s question, which presented a variation of the Monty Hall Problem:

“Suppose you’re on a game show, and you’re given the choice of three doors. Behind one door is a car, behind the others, goats. You pick a door, say #1, and the host, who knows what’s behind the doors, opens another door, say #3, which has a goat. He says to you, “Do you want to pick door #2?” Is it to your advantage to switch your choice of doors?”

“Yes; you should switch,” she replied. “The first door has a 1/3 chance of winning, but the second door has a 2/3 chance.”

Though her answer was correct, a vast swath of academics responded with outrage. In the proceeding months, vos Savant received more than 10,000 letters — including a pair from the Deputy Director of the Center for Defense Information, and a Research Mathematical Statistician from the National Institutes of Health — all of which contended that she was entirely incompetent:

You blew it, and you blew it big! Since you seem to have difficulty grasping the basic principle at work here, I’ll explain. After the host reveals a goat, you now have a one-in-two chance of being correct. Whether you change your selection or not, the odds are the same. There is enough mathematical illiteracy in this country, and we don’t need the world’s highest IQ propagating more. Shame!

Scott Smith, Ph.D.
University of Florida

May I suggest that you obtain and refer to a standard textbook on probability before you try to answer a question of this type again?

Charles Reid, Ph.D.
University of Florida

I am sure you will receive many letters on this topic from high school and college students. Perhaps you should keep a few addresses for help with future columns.
W. Robert Smith, Ph.D.
Georgia State University

You are utterly incorrect about the game show question, and I hope this controversy will call some public attention to the serious national crisis in mathematical education. If you can admit your error, you will have contributed constructively towards the solution of a deplorable situation. How many irate mathematicians are needed to get you to change your mind?
E. Ray Bobo, Ph.D.
Georgetown University

You made a mistake, but look at the positive side. If all those Ph.D.’s were wrong, the country would be in some very serious trouble.
Everett Harman, Ph.D.
U.S. Army Research Institute

You are the goat!
Glenn Calkins
Western State College

Maybe women look at math problems differently than men.
Don Edwards
Sunriver, Oregon

The outcry was so tremendous that vos Savant was forced to devote three subsequent columns to explaining why her logic was correct. Even in the wake of her well-stated, clear responses, she continued to be berated.

 “I still think you’re wrong,” wrote one man, nearly a year later.

“There is such a thing as female logic.”

Yet, the numbers behind vos Savant’s conclusion don’t lie.

Debunking the Monty Hall Problem

Since two doors (one containing a car, and the other a goat) remain after the host opens door #3, most would assume that the probability of selecting the car is ½. This is not the case.

“The winning odds of 1/3 on the first choice can’t go up to 1/2 just because the host opens a losing door,” writes vos Savant. Indeed, if you map out six games exploring all possible outcomes, it becomes clear that switching doors results in winning two-thirds (66.6%) of the timeand keeping your original door results in winning only one-third (33.3%) of the time:

Another way to look at this is to break down every door-switching possibility. As we’ve delineated below, 6 out of the 9 possible scenarios (two-thirds) result in winning the car:

These results seem to go against our intuitive statistical impulses — so why does switching doors increase our odds of winning?

The short answer is that your initial odds of winning with door #1 (?) don’t change simply because the host reveals a goat behind door #3; instead, Hall’s action increases the odds to ? that you’ll win by switching.

Here’s another way to visualize this. Imagine that instead of three doors, Monty Hall presents you with 100 doors; behind 99 of them are goats, and behind one of them is the car. You select door #1, and your initial odds of winning the car are now 1/100:

Then, let’s suppose that Monty Hall opens 98 of the other doors, revealing a goat behind each one. Now you’re left with two choices: keep door #1, or switch to door #100:

When you select door #1, there is a 99/100 chance that the car is behind one of the other doors. The fact that Monty Hall reveals 98 goats does not change these initial odds — it merely “shifts” that 99/100 chance to door #100. You can either stick with your original 1/100 odds pick, or switch to door #100, with a much higher probability of winning the car.

Still, while the math and numbers back up vos Savant’s assertion — that the odds of winning increase to ? when you switch doors — one must consider other factors she doesn’t address in her answer.

The Psychology of Rationalization

Monty Hall, host of ‘Let’s Make a Deal’

In 1992, while the controversy over vos Savant’s answer brewed, Monty Hall — the game show host, and namesake of the problem — sat down for an interview with the New York Times.

Hall clarified that things worked a bit differently than the scenario presented by the Parade reader in vos Savant’s column. In the real show, for instance, he retained the authority to offer the contestant cash NOT to switch. Details like this, he said, altered the contestant’s mindset:

“[After I opened a door with a goat], they’d think the odds on their door had now gone up to 1 in 2, so they hated to give up the door no matter how much money I offered…The higher I got, the more [they] thought the car was behind [the other door]. I wanted to con [them] into switching there. That’s the kind of thing I can do when I’m in control of the game. You may think you have probability going for you when you follow the answer in her column, but there’s the psychological factor to consider.”

The “psychological factor” Hall mentions carries over from the show’s rules to the variation of the problem we’ve presented in this article. For contestants and problem-solvers alike, the Monty Hall Problem causes cognitive dissonance, a term psychologists use to describe the “mental stress experienced by an individual who holds two or more contradictory beliefs, ideas, or values at the same time, or is confronted by new information that conflicts with existing beliefs, ideas, or values.”

When people are confronted with evidence that is “inconsistent with their beliefs” (ie. the odds of winning by switching doors being ?, instead of ½), they first respond by refuting the information, then band together with like-minded dissenters and champion their own hard-set opinion.

This is precisely the mentality of vos Savant’s thousands of naysayers.

***


More than 25 years later, arguments over the Monty Hall Problem’s semantics and vos Savant’s response still pervade — mainly centering around the intricacies of the host’s actions. 

“Our brains are just not wired to do probability problems very well, so I’m not surprised there were mistakes,” Stanford stats professor Persi Diaconis told a reporter, years ago. “[But] the strict argument would be that the question cannot be answered without knowing the motivation of the host.”

Eventually though, many of those who’d written in to correct vos Savant’s math backpedaled and ceded that they were in error.

An exercise proposed by vos Savant to better understand the problem was soon integrated in thousands of classrooms across the nation. Computer models were built that corroborated her logic, and support for her intellect was gradually restored. Whereas only 8% of readers had previously believed her logic to be true, this number had risen to 56% by the end of 1992, writes vos Savant; among academics, 35% initial support rose to 71%.

Among the new believers was Robert Sachs, a math professor at George Mason University, who’d originally written a nasty letter to vos Savant, telling her that she “blew it,” and offering to help “explain.” After realizing that he was, in fact, incorrect, he felt compelled to send her another letter — this time, repenting his self-righteousness.

“After removing my foot from my mouth I’m now eating humble pie,” he wrote. “I vowed as penance to answer all the people who wrote to castigate me. It’s been an intense professional embarrassment.”

Source: ZeroHedge, Zachart Crockett via Priceonomics.com

The NFL And The Fans … Hint, Not Looking So Good

Posted By on September 29, 2017

According to a new POLITICO/Morning Consult poll, the National Football League is seen as more unfavorable than ever before.

“The NFL’s net favorability has dropped from 30% on September 21 to 17% on September 28,” the poll shows.

NFL RIP

Source: Politico

Those Left Behind From The Current Economic Prosperity, Will Likely Never Be Able To Catch Up…

Posted By on September 25, 2017

Economic prosperity is concentrated in America’s elite zip codes, but in an interesting report on Distressed Communities, from The Economic Innovation Group, it is increasingly clear that economic stability outside of those communities is rapidly deteriorating.

As Axios noted, this isn’t a Republican or Democratic problem. At every level of government, both parties represent distressed areas. But the economic fortunes of the haves and have-nots have only helped to widen the political chasm between them, and it has yet to be addressed by substantial policy proposals on either side of the aisle.

Economic Prosperity Quintiles

Economic Areas of The U.S.

 

As MishTalk.com’s Mike Shedlock writes below, the study notes:

“America’s elite zip codes are home to a spectacular degree of growth and prosperity. However, millions of Americans are stuck in places where what little economic stability exists is quickly eroding beneath their feet.”

Distress is based on an evaluation of seven metrics.

  1. No high school diploma
  2. Housing vacancy rate
  3. Adults not working
  4. Poverty rate
  5. Median income ratio
  6. Change in employment
  7. Change in business establishments

“What Happened”: Amazon Slashes Hillary’s Book Price 40% Before It Even Hits Shelves

Posted By on September 11, 2017

Hmm… Guess Hillary can’t take a hint!

If prices are any indicator of demand, which they’re pretty much universally accepted to be, then Hillary may want to rethink efforts to rush out the sequel as both Amazon and Walmart have decided to slash prices of “What Happened” by 40% before the books even hit shelves.

After Hillary’s publisher Simon and Schuster suggested a price of $30, Amazon slashed prices to $17.99 earlier today……and Walmart quickly matched it.

 

China And Coal Burning Electricity

Posted By on September 11, 2017

China generates 65% of its power, more than double the U.S., from the “dirtiest” fuel available: Coal.  

China Power 2017

The Sports Illustrated Jinx

Posted By on September 9, 2017

After going on a tear of 51-9,  the best 60 game winning stretch in 105 years in all of baseball,  the ink was barely dry on the August 28’th Sports Illustrated’s cover, which read, “Best Team Ever,” before the Dodgers went into a major tailspin currently losing 13 14  15  16 of  14 15  16   17 and the last 8 9   10 11 in a row, this losing streak is the worst Los Angeles Dodger stretch since 1992 ever! They say there is no such thing as a JINX! Oh Really!

“Best. Team. Ever?” The ink was barely dry the cover of our Aug. 28 issue—which hit newsstands Aug. 23, with a corresponding comparison to the greatest teams in history online—when the Dodgers fell into a tailspin that they have yet to escape. Through Aug. 25, they had gone 91-36 for a .717 winning percentage, which put them on a 116-win pace, good enough to tie the 2001 Mariners for the highest total of the 162-game expansion era. Since then, they’ve lost 13 of 14 to the Brewers, Diamondbacks, Padres and Rockies, and while they still have an ample cushion to win the NL West and wrap up homefield advantage in the National League playoffs, they’ve shown that even if the infamous Sports Illustrated cover jinx is a myth, this squad is hardly invincible.  –  Sports Ilustrated, September 6

So is the Sports Illustrated Cover Jinx A Myth?     No myth here, stick a fork in the Dodgers.

The Inequity Bubble

Posted By on September 1, 2017

This chart shows that the majority of income growth is now concentrated in the top 1/0th of 1%, and most of what’s left over has gone to the top 5%. This is the only possible outcome of financialization and central-bank inflated asset bubbles.

 

Inequality of Income

Did An Author From The Late 1800’s Predict Trump And His Problems?

Posted By on August 6, 2017

Pay attention class… this story is as interesting as it gets!

        Authored by Josie Wales via TheAntiMedia.org,

Did a 19th-century author really predict Trump’s election, Russiagate, and the potential collapse of the country?

It’s impossible to say for sure, but the ever-resourceful and endlessly curious users of Reddit and 4chan have unearthed some fascinating evidence to give some substance to the fantasy.

In the late 1800’s, an American lawyer, political writer, and novelist named Ingersoll Lockwood penned two fantasy novels about a highly-imaginative little boy named “Wilhelm Heinrich Sebastin von Troomp, commonly called, ‘Little Baron Trump,’ and his wonderful dog Bulger.” Little Baron Trump is the main character in both The Travels and Adventures of Little Baron Trump and His Wonderful Dog Bulgar and Baron Trump’s Marvelous Underground Journey, which follow the wealthy boy and his dog as they leave “Castle Trump” to embark on a journey underground to explore the theory that the earth is not solid, but inhabited by people who were chased underground by “terrible disturbances.”

The boy learned of this theory through a manuscript given to him by his father called World within a World, which was written by a celebrated thinker and philosopher named Don Fum. Before leaving Castle Trump in the Marvelous Underground Journey, Baron’s father refers to Don as a “safe and trusty counselor” and reminds him of the Trump motto – “the pathway to glory is strewn with pitfalls and dangers.” As Baron goes on a search for the portal to the “World within a World” with Don as his guide, his travels take him to the Ural mountains in Russia. So Little Baron Trump and his dog are guided by Don to Russia.

While all of this is fascinating – and one heck of a coincidence – it’s Lockwood’s third book that really throws everyone for a loop…

“The Chicago Platform assumes, in fact, the form of a legendary propaganda. It embodies a menace of national disintegration and destruction.” 

That quote, taken from Garret A. Hobart’s public speech of acceptance of the Republican nomination on September 10th, 1896, also serves as the epigraph of a book also published in 1896 by Ingersoll Lockwood, titled 1900 or The Last President. It was stamped by the Library of Congress on September 28th, just two weeks after Hobart gave that speech.

The Last President opens in New York City on November 3rd, 1896, with the announcement of the newly-elected president of the United States, who happens to be an outsider candidate – the candidate who represented the “common man, who would liberate the people from the grip of the bankers, and “undo the bad business of years of unholy union between barters and sellers of human toil and the law makers of the land.”

Aka, an anti-establishment candidate.

The very first page describes New York in turmoil over the announcement, with mounted policemen yelling through the streets:

“Keep within your houses; close your doors and barricade them. The entire East Side is in an uproar.

Mobs of vast size are organizing under the lead of Anarchists and Socialists, and threaten to plunder and despoil the houses of the rich who have wronged them for so many years.”

As the riots advance upon Madison Square, the book reads, 

“The Fifth Avenue Hotel will be the first to feel the fury of the mob.

Would the troops be in time to save it?” 

According to Newsweek, Trump Tower now sits where The Fifth Avenue Hotel used to stand.

There are many theories floating around the internet; some say Barron Trump is actually Lockwood, who traveled through time to write about his adventures; others believe Steve Bannon is a 50-year old Barron Trump and they’re time-traveling together; another believes “we are all Barron and Barron is all of us,” and some of us are simply chalking it up to 2017 having a competition with itself to see just how weird it can get.

Los Angeles County Admits Number Of Registered Voters At Whopping 144% Of Resident Citizens Of Voting Age

Posted By on August 6, 2017

Inquiring minds wonder how this is possible?

Key Questions

  1. How bad is actual fraud vs. possible fraud?
  2. How much is purposeful fraud (letting noncitizens) on the voter rolls?
  3. How often do the dead and nonresidents vote?

             Authored by Mike Shedlock via MishTalk.com,

The Election Integrity Project California provides a list of 11 California counties that have more registered voters than voting-age citizens.

In addition, Los Angeles County officials informed the project that “the number of registered voters now stands at a number that is a whopping 144% of the total number of resident citizens of voting age.”

 

Ranking of Social Media Landscape Shows Some Surprises

Posted By on July 29, 2017

Social Media Landscape

Forbes: Here’s How Quantum Computing Will Change The World

Posted By on July 23, 2017

Chip

When the world’s first digital computer was completed in 1946 it opened up new vast new worlds of possibility. Still, early computers were only used for limited applications because they could only be programmed in machine code. It took so long to set up problems that they were only practical for massive calculations.

That all changed when John Backus created the first programming language, FORTRAN, at IBM in 1957. For the first time, real world problems could be quickly and efficiently transformed into machine language, which made them far more practical and useful. In the 1960’s, the market for computers soared.

Like the first digital computers, quantum computing offers the possibility of technology millions of times more powerful than current systems, but the key to success will be translating real world problems into quantum language. At D-Wave, the first company to offer the technology for commercial use, that process is already underway and it is revealing massive potential.

Swallowing Complexity Whole

One of the toughest problems in mathematics is known as the traveling salesperson problem, which asks to find the shortest route between a list of cities. It sounds fairly simple and, in some sense it is, but in terms of computation it is enormous. Traditionally, engineers have used shortcuts, such as the Monte Carlo method or genetic algorithms to solve it.

The traveling salesperson problem is also pervasive. Practically anytime you want to make a complex process more efficient, you need to do this kind of combinatorial optimization. Logistics businesses need to solve a version of it every time they plan a route. Semiconductor manufacturers encounter similar issues when they design and manufacture chips.

D-Wave has begun to work with investment managers on the related problem of designing portfolios. In order to generate the maximum returns for a given risk profile, a fund manager needs to not only choose among the thousands of available securities, but also minimize transaction costs by achieving the most optimal portfolio in the minimum number of trades.

In each case, D-Wave’s quantum systems allow us to swallow complexity whole, rather than using shortcuts that reduce efficiency. Jeremy Hilton, Senior Vice President, Systems, at D-Wave says “Complex processes are all around us. By using quantum computing to operate them more effectively, we can make just about everything we do run more smoothly.”

Enabling A New Era Of Medical Science

When the Human Genome Project was completed in 2003, it ushered in a new era of medicine. Rather than treat every patient the same way, it showed that we could design treatments to suit a particular genetic makeup. This has been especially effective in targeted cancer therapies.

While these are major advances, our newfound knowledge has also revealed our limitations. Unlocking the secrets of DNA exposed how little we know about the proteins it codes for, just as early successes with targeted therapies have shown us how much more we can achieve by working with complete genomes rather than just isolated markers in our chromosomes.

Unfortunately, conventional computers aren’t powerful enough to perform these tasks well, but early indications are that quantum computers can close the gap. Scientists at Harvard have found that quantum computers will allow us to map proteins much as we do genes today. D-Wave has also formed a partnership with DNA-SEQ to use its quantum computers to explore how to analyze entire genomes to create more effective therapies.

Mapping the human genome was a triumph of technology as much as it was an achievement in biology. It was, essentially, more powerful computers that allowed us to analyze human DNA on a massive scale.However, if we are to advance further, quantum systems will likely be a big part of the answer.

It’s Not Nice To Call Your Mother An Idiot

Take a look on the Internet and you can find hilarious lists of autocorrect mangling phrases, like changing “I don’t” to “idiot” in a text to your mom. These are embarrassing mistakes, but they usually don’t cause too much trouble.  However, in other applications, like picking a terrorist out of a crowd through facial recognition, the stakes are far higher.

These problems arise because of how machine learning algorithms are designed and trained. Like our brains, they process different aspects of an experience, such as colors and shapes and integrate them into larger concepts, such as a human face, a type of hairstyle or the signature style of a popular designer.

However, in order for this process to work well, the more elemental aspects need to be correctly identified or they will pass on bad information to the higher levels of the system. Because of the limited capacity of conventional computers, data is lost in the training process and things are not recognized correctly, resulting in insults to your mom and terrorists misidentified.

Here again, quantum computing can help close the gap. D-Wave is working with a number of partners, such as NASA, to help train artificial intelligence systems to reflect human thought processes far more completely than is possible with conventional computers, which will help to minimize mistakes.

D-Wave’s Hilton told me that quantum computers will make it possible for our technology to develop something akin to intuition, allowing them to know that something is wrong even if they can’t point to exactly why.

Augmenting Human Intelligence

In 1968, just a decade after John Backus introduced FORTRAN, Douglas Engelbart presented the results of his project to “augment human intellect” and it turned out to be so consequential that it is now called The Mother of All Demos. Until that point computers were, much like quantum technology today, merely computational devices that few people ever saw.

Yet Engelbart showed that they could be much more. Using something he called a “mouse” and a keyboard, he showed how just about anyone could navigate around a screen and operate a computer. Later, Xerox developed its Alto computer based on Engelbart’s ideas, which formed the basis for Steve Jobs’ launch of the Macintosh in 1984.

Today, quantum computing is somewhere between the arrival of FORTRAN and Engelbart’s “Mother of all Demos.” Highly trained specialists are able to translate real world problems into language a quantum computer can understand, but for most people the technology is out of reach. That will change in the years to come.

I’m not implying that we will all have quantum computers in our homes, but we will likely be able to access them in the cloud and they will help us solve problems that seem impossible today. D-Wave’s Hilton told me “the quantum computing revolution may be even more profound than the digital computing revolution a half century ago and it will happen much faster.”

Sources: Forbes.com,  Greg Satell at Twitter @DigitalTonto.

It’s The New World Order – Quantum Computers Are On Course To Rule Our Future

Posted By on July 23, 2017

Once governments perfect Quantum, there will be a new world order and Bitcoin and other cryptocurrencies may be the first easy target. This means many things thought to be secret – won’t be secure in the not to distant future. Quantum is in early stages of development, but it already can break 32 characters long passwords in just a few minutes, far faster than conventional computing power. Perfect Quantum, and things will never be the same. The race is on.

Explaining Quantum Physics and New Wave Computers

What is Quantum Physics?

Quantum Physics basically allows for particles to be in two states at the same time one is the wave state and other is the particle state. Much like time travelling back to time and saving the world, while your true self is busy sleeping.

Don’t take time travel part seriously, but the Quantum Theory is indeed True.
As impossible as it sounds, it is possible, and it can be used to improve processing speeds exponentially faster than supercomputers.

How much processing power is enough?

It can never be truly said. Processing power is the same as a person greed for money, the more you have it the greedier you become. Some assumptions about the need of processing power required in future were largely wrong.

Image 1

Normal Computer Vs Quantum Computer

Howard Hathaway Aiken, the original conceptual designer behind IBM’s Harvard Mark-I computer in 1940’s, stated that just 6 digital computers would satisfy the computing needs of the United States (What?).

One Law that is almost true until now, is the Moore’s Law, which states that the number of transistors on a microprocessor continues to double every 18 months. As of 2016, the largest transistor count in a commercially available single-chip processor is over 7.2 billion—the Intel Broadwell-EP Xeon.

image2

Microprocessor transistor counts.

Talking in layman terms, the transistors comprises registers used to; Avoid instructions from having to leave the chip (i.e. go to RAM) to complete and keep the pipeline full or avoid going to RAM by predicting dependency outcomes.

Making Quantum Computers Possible!

The idea of Quantum computing was given by a physicist. Paul Benioff is credited with first applying quantum theory to computers in 1981.

Quantum computers are different from binary digital electronic computers based on transistors. Whereas classical computers require that the data be encoded into binary digits (bits), each of which is always in one of two definite states (0 or 1).

Classical computers encode information as bits, that can be in one of two states, 0 or 1. Quantum computation uses quantum bits, or qubits, which can exist in ‘superposition’ of states that is, a single qubit can be either 0 or 1 or superposition of 0 and 1. Layman Terms: Qubits exist in a form of rotating sphere (electron spin), with spin either in direction of axis x, y or z which may be spinning down, orup or maybe right(superposition). We represent it here as 0, 1, superposition.

Spinning States of Qubits
Spinning States of Qubits.

Consider a two-level quantum system, where a qubit, is in a two configuration system for each cell. Physicists like to call this a two-level system (TLS.)

The quantum state of a two level system one qubit is given by,
|ψ = α|0 + β|1 (Not exact formula)

A pair of qubits two qubits can be in any quantum superposition of 4 states,
|ψ = α00|00 + α01|01 + α10|10 + α11|11 (Not exact formula)

Three qubits in any superposition of 8 states. In general, a quantum computer with n qubits can be in an arbitrary superposition of up to 2n different states simultaneously (this compares to a normal computer that can only be in one of these 2n states at any one time)

This, together with qubits’ ability to share a quantum state (a state of a quantized system which is described by a set of quantum numbers as shown in above formula.) is called ‘entanglement’, which should enable the computers to essentially perform many calculations at once enabling parallel processing. And the number of such calculations should, in principle, double for each additional qubit, leading to an exponential speed-up.

Quantum Computers thus have the potential to perform faster than any silicon-based computer, as proved above.

Not as simple as it sounds.

A quantum computer with a given number of qubits is fundamentally different from a classical computer composed of the same number of classical bits.

For example, representing the state of an n-qubit system on a classical computerrequires the storage of 2n complex coefficients, while to characterise the state of a classical n-bit system it is sufficient to provide the values of the n bits, that is, only n numbers.

Quantum algorithms are often probabilistic, in that they provide the correct solution only with a certainly known probability, not non-deterministic.

This is due to its superposition of up to 2n states. However, by repeatedly initializing, running and measuring the quantum computer’s results, the probability of getting the correct answer can be increased.

Although this fact may seem to indicate that qubits can hold exponentially more information than their classical counterparts, care must be taken not to overlook the fact that the qubits are only in a probabilistic superposition of all of their states. This means that when the final state of the qubits is measured, they will only be found in one of the possible configurations they were in before the measurement.

image-4

Memory Stored by Qubits.

It is generally incorrect to think of a system of qubits as being in one particular state before the measurement since the fact that they were in a superposition of states before the measurement was made directly affects the possible outcomes of the computation.

One of the greatest challenges is controlling or removing quantum decoherence.This usually means isolating the system from its environment as interactions with the external world cause the system to decohere.

image-5

Quantum Decoherence.

Cypher or Cryptography breaking with Quantum Computer.

Integer factorization, which is an essential part of the security of public key cryptographic systems, is believed to be computationally infeasible with an ordinary computer for large integers if they are the product of few prime numbers (e.g., products of two 300-digit primes). But qubits can make it possible.

By comparison, a quantum computer could efficiently solve this problem using Shor’s algorithm to find its factors, provided qubit doesn’t get affected by decoherence. This ability would allow a quantum computer to decrypt many of the cryptographic systems in use today, in the sense that there would be a polynomial time (in the number of digits of the integer) algorithm for solving the problem.

By comparison, a quantum computer could efficiently solve this problem using Shor’s algorithm to find its factors, provided qubit doesn’t get affected by decoherence. This ability would allow a quantum computer to decrypt many of the cryptographic systems in use today, in the sense that there would be a polynomial time (in the number of digits of the integer) algorithm for solving the problem.

In particular, most of the popular public key cyphers are based on the difficulty of factoring integers or the discrete logarithm problem, both of which can be solved by Shor’s algorithm specifically made for quantum computers. In particular, the RSA, Diffie-Hellman, and Elliptic curve Diffie-Hellman algorithms could be broken. These are used to protect secure Web pages, encrypted email, and many other types of data.

It can even crack Digital Signatures, so they could sign with you on a document without either of the sender or the receiver knowing.

image6

Cypher or Cryptography breaking with Quantum Computer.

But, other cryptographic algorithms do not appear to be broken by those algorithms. More precisely the algorithms which do not primarily depend on factorization and discrete logarithm problems to which Shor’s algorithm applies, like the McEliece cryptosystem based on a problem in coding theory.

Conclusion:

Quantum computers may take over the technology world as well as help us in various fields of research like aviation, crypto analysis, medical, where a DNA in a single organism is 150 Zettabytes (1021)  even storage of which is not possible in classical computers. Maybe Robots with Quantum Computers will take over the world, Who knows what will happen!!!

Source: FossNow  By Danish Khan     

National Geographic Talks About The Yellowstone National Park ‘Super Volcano’ … The Big Question Is ‘Will She Blow’?

Posted By on July 9, 2017

Amid a growing ‘swarm’ of over earthquakes (now over 1000), and Montana’s largest quake everscientists are growing increasingly concerned that the so-called ‘super-volcano’ at the heart of Yellowstone National Park could be building towards a Category 7 eruption. So what is a ‘super-volcano’ and what does its explosion mean for life on earth? NatGeo explains…

Eruptions of this supervolcano expel so much material that the crust caves in, creating a craterlike depression called a caldera.

Yellowstone is known as a supervolcano because of the violence and size of its explosions.

The plume of hot rock has been calculated at more than 600 miles deep. But scientists suspect it actually descends as far as 1,800 miles, all the way to what’s known as the Earth’s outer core-mantle boundary.

The reservoirs and plume are superheated, spongelike rock holding pockets of molten material called magma. The reservoirs’ heat, which originates in the plume, is what keeps the area’s geysers boiling.

Ancient rain and snowmelt seep down to just above the volcano’s magma reservoirs, until they are superheated and rise again through the fractures. Volcanic heat and gases help propel steam and water toward the surface, where they escape through hot springs or geysers.

Hot water rises from a deep reservoir into a teapot-shaped chamber. As water and gases fill the sealed space, pressure builds, preventing boiling. Some water spills into the spout, releasing pressure and allowing the water in the chamber to boil. Steam and water then blast up the spout.

Pressure builds behind a narrow constriction until steam shoots through. Some water splashes out, then jets of steam and water explode, rising on average 130 feet. As the chamber drains, pressure drops, and the process begins again.

  • Highest recorded eruption – 184ft
  • Eruptions per day on average – 17
  • Minutes length of eruption – 1.5 to 5

The park’s hydrothermal features cluster in basins at the margins of lava flows or near faults. Rivers and streams are heated as they pass through these basins. Heat and escaping gases are also evidence of the subterranean forces that lie below Yellowstone.

So how would a supervolcanic eruption at Yellowstone impact the regional ecosystem, and the US more broadly? Well, as The American Dream blog’s Michael Snyder points out, it would be nothing short of catastrophic.

Hundreds of cubic miles of ash, rock and lava would be blasted into the atmosphere, and this would likely plunge much of the northern hemisphere into several days of complete darkness. Virtually everything within 100 miles of Yellowstone would be immediately killed, but a much more cruel fate would befall those living in major cities outside of the immediate blast zone such as Salt Lake City and Denver.

Hot volcanic ash, rock and dust would rain down on those cities literally for weeks. In the end, it would be extremely difficult for anyone living in those communities to survive. In fact, it has been estimated that 90 percent of all people living within 600 miles of Yellowstone would be killed.

Experts project that such an eruption would dump a layer of volcanic ash that is at least 10 feet deep up to 1,000 miles away, and approximately two-thirds of the United States would suddenly become uninhabitable. The volcanic ash would severely contaminate most of our water supplies, and growing food in the middle of the country would become next to impossible.

In other words, it would be the end of our country as we know it today.

The rest of the planet, and this would especially be true for the northern hemisphere, would experience what is known as a “nuclear winter”. An extreme period of “global cooling” would take place, and temperatures around the world would fall by up to 20 degrees. Crops would fail all over the planet, and severe famine would sweep the globe.

In the end, billions could die.

So yes, this is a threat that we should take seriously.

Sources: National Geographic

 

1970 Trivia – Cost of Living

Posted By on July 3, 2017

Hard to believe, but true…

1970 Cost of Living

Famous Auto Brands and How They Failed!

Posted By on July 1, 2017

Still scratching our heads as to why Pontiac was killed, back in 2010 Pontiac was readying a brand-wide redesign and Road&Track and some of the other auto magazines thought they had Car of the Year all but wrapped up wrapped up…Hmm … Dumb!

Automobile enthusiasts around the world know brands like Studebaker, Plymouth and Packard, but you’d be hard-pressed to find any of these on the roads today. Former powerhouses in the American auto market, as Visual Capitalists’s Chris Matei notes, they have since become beloved by collectors, but lost to the general public.

Today’s infographic comes from TitleMax and it looks at 14 now-defunct car brands and the circumstances that took them from highways to bygones.

Car Brands That Died

Scientists Warn Current Yellowstone Quake-Swarm “Could Rip The Guts Out Of America”

Posted By on June 17, 2017

This is big news! U.S. currently under contract to house displaced citizens in case of super-volcano calamity!

The U.S. is currently under contract with at least 4 countries all of which have agreed to house displaced U.S. citizens in the unfortunate event the Yellowstone super-volcano were to erupt. Hundreds of billions of dollars were paid to foreign governments to facilitate the agreement which spans a ten year period from its signing, ending in 2024.

An excerpt from an article authored in April of 2014 titled: “Report: Brazil, Argentina and Australia sign contracts worth hundreds of billions of dollars to house displaced U.S. populace when Yellowstone supervolcano erupts” reads:

The U.S. plan for relocation was formulated after a recent scientific analysis of the park revealed that Yellowstone’s supervolcano has the potential to violently erupt within the next 10-years as noted by others including the famous astrophysicist Michio Kaku.

U.S. Geological Survey (USGS) seismology reports conclude that a massive swarm of earthquakes swept through the park on Friday triggering more than 60 separate events in which seismographs spiked to magnitudes of up to 5.0.

Experts fear that the supervolcano is long overdue for an eruption capable of wiping out a vast amount of human, animal, and plant life in the Continental United States.

Scientists currently believe that there’s a 10% chance that a “supervolcanic Category 7 eruption” could take place this century, as pointed out by theoretical physicist Michio Kaku who appeared on a segment for Fox News.

Authored by Shepard Ambellas via Intellihub.com,

Net Worth Percentile Ranking By Age

Posted By on June 5, 2017

Here we go, figure where you stand with these age/net worth breakdowns…

Net Worth Summary Statistics for Households Aged 25 to 35

Net Worth Percentile Rank : A net worth of $0.00 for ages 25 to 35 ranks at the 22.67%
Median Net Worth : $16,000.00
Mean Net Worth : $100,146.00
Net Worth 25th – 75th Percentile Ranges : $700.00 to $77,900.00

Here is how much money you would have to have to rank at certain percentiles for ages 25 to 35

90% $204,900.00
75% $77,900.00
50% $16,000.00
25% $700.00
10% -$18,800.00

Net Worth Summary Statistics for Households Aged 35 to 45

Net Worth Percentile Rank : A net worth of $0.00 for ages 35 to 45 ranks at the 15.11%
Median Net Worth : $47,050.00
Mean Net Worth : $352,390.00
Net Worth 25th – 75th Percentile Ranges : $6,600.00 to $213,500.00

Here is how much money you would have to have to rank at certain percentiles for ages 35 to 45

90% $620,000.00
75% $213,500.00
50% $47,050.00
25% $6,600.00
10% -$5,950.00

Net Worth Summary Statistics for Households Aged 45 to 55

Net Worth Percentile Rank : A net worth of $0.00 for ages 45 to 55 ranks at the 11.73%
Median Net Worth : $102,800.00
Mean Net Worth : $560,169.00
Net Worth 25th – 75th Percentile Ranges : $12,001.00 to $396,100.00

Here is how much money you would have to have to rank at certain percentiles for ages 45 to 55
90% $1,005,600.00
75% $396,100.00
50% $102,800.00
25% $12,001.00
10% -$500.00

Net Worth Summary Statistics for Households Aged 55 to 65

Net Worth Percentile Rank : A net worth of $0.00 for ages 55 to 65 ranks at the 7.87%
Median Net Worth : $173,100.00
Mean Net Worth : $821,817.00
Net Worth 25th – 75th Percentile Ranges : $26,800.00 to $572,000.00

Here is how much money you would have to have to rank at certain percentiles for ages 55 to 65
90% $1,506,000.00
75% $572,000.00
50% $173,100.00
25% $26,800.00
10% $660.00

Net Worth Summary Statistics for Households Aged 65 to 75

Net Worth Percentile Rank : A net worth of $0.00 for ages 65 to 75 ranks at the 4.02%
Median Net Worth : $226,550.00
Mean Net Worth : $1,036,434.00
Net Worth 25th – 75th Percentile Ranges : $71,130.00 to $681,800.00

Here is how much money you would have to have to rank at certain percentiles for ages 65 to 75
90% $2,027,010.00
75% $681,800.00
50% $226,550.00
25% $71,130.00
10% $8,170.00

Net Worth Summary Statistics for Households Aged 75 to 99

Net Worth Percentile Rank : A net worth of $0.00 for ages 75 to 99 ranks at the 4.54%
Median Net Worth : $194,700.00
Mean Net Worth : $631,811.00
Net Worth 25th – 75th Percentile Ranges : $65,300.00 to $410,500.00

Here is how much money you would have to have to rank at certain percentiles for ages 75 to 100

90% $973,000.00
75% $410,500.00
50% $194,700.00
25% $65,300.00
10% $5,030.00

Did You Know There Is A ‘Doomsday Vault’ To Save The World’s Most Vital Crops

Posted By on May 22, 2017

On a remote island that is just 800 miles (1,300 km) from the North Pole, the Norwegian government has built a failsafe in the freezing cold that protects thousands of the most vital crops from extinction. Officially called the Svalbard Global Seed Vault, it already holds close to a million samples of crops around the world, with each sample holding about 500 seeds.

doomsday-vault-seeds

FBI Director Length of Terms

Posted By on May 13, 2017

Interestingly, Comey’s dismissal is only the second time the head of the FBI has been fired. The last time it occurred was during Bill Clinton’s presidency when the president dismissed William S. Sessions. Generally, as can be seen from the following infographic featured in the Independent, the position of FBI chief doesn’t involve a high level of job security.

FBI Directors Longgivity

U.S. Areas Of GDP Contribution

Posted By on May 13, 2017

As shown in the Statista chart below, the GDP has a strong correlation with how many people live in those areas. It doesn’t come as much of a surprise that the Southeast, which has the combined population of 12 states, amounting to approximately 83 million (or a quarter of U.S. citizens), also has the biggest GDP share, standing at 21.4 percent of total GDP. The thinly populated Rocky Mountain area (12 million inhabitants) has a share of 3.4 percent of the GDP.

GDP Areas

Do You Know Who Represents The Oldest Business In Your State?

Posted By on April 30, 2017

Is the oldest business in your state a mom-and-pop shop, or a famous megabrand?

Today’s infographic from Busy Beaver Button Co. maps the diverse range of companies that claim to be the oldest in their respective states. While many of them exist today as modest family-owned businesses such as pizzerias or taverns, Visual Capitalist’s Jeff Desjardins notes that some have also grown into respected brands known around the country, like Jim Beam or Imperial Sugar.

Oldest Business

Source: ZeroHedge

U.S. Broad Power Outage Likely Caused By Geomagnetic Storm, Not Russia

Posted By on April 22, 2017

A large recurrent coronal hole last seen in March will become geoeffective beginning April 23rd. A moderate (G2) geomagnetic storm watch was added and high latitude sky watchers may be in for an aurora treat once an expected solar wind stream arrives past Earth. More updates in the days ahead. Stay tuned to SolarHam.com where you will find the most up to date information.

According to http://www.solarham.net/, who uses NOAA data, Geomagnetic Storm has been declared for the past few days.

Geometric Storms

US Electrical Grid

Growth of Electric Grid

S

Trust And Confidence Factors In America Today

Posted By on April 9, 2017

The media, big business and congress bring up the rear of the donkey’s ass here! It comes as no surprise to us.

Trust Factors

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