Crypto con

First, let me say that I find crypto to be, well, confusing.  Sure, its decentralized money.  But when you talk to someone who supposedly knows about it, you get a confusing bit of jargon, coupled with a sense of it being important and you wouldn't want to miss out on it!

Then along comes T-rump and he says he wants to create a "strategic crypto reserve" which is weird for two reasons: its a decentralized non-government type of thing, so a government having invested in it makes little sense.  

But the second reason is maybe a little more disturbing.  He picked several types of crypto currencies to be included.  Some are the bigger ones that you might expect.  But a few are smaller and don't make any sense.  Until you take a look behind the curtain and see that there are people involved with these currencies, who are allied with him or are donors to him.  So he's including them as a favor in a way.

And here's the reality of creating a strategic reserve: the government will be transferring OUR tax dollars to the owners of these crypto companies.  People who support him will be taking our money, because T-rump said so.  I got issues with that.

And then there's this rare "moment of honesty" from someone high up in one of crypto companies.  In an interview, he was calling crypto a form of gambling.  An investor is hoping for something good to happen.  

Meanwhile, there are several crypto companies that advertise themselves in a way that is adjacent to gambling - though they are careful never to call themselves that for fear of running afoul of the law.  But make no mistake they are offering the same allure as putting money on a sporting event.  Its wild.

And then there are the sports leagues that see an opportunity to get into the crypto game.  They see an opportunity to "engage with fans" and have them be able to purchase something affiliated with the team AND to be able to use that currency to make in-game wagers.  

So.... maybe I do actually understand crypto.  Its a way for some unknown entity, or perhaps one that is known - like your favorite team - to put their hand in your pocket and take some of your money.  Under the guise of "you wouldn't want to miss out!"

A terrific show

LAist has another great podcast series about the space race. This one is called "the other moonshot" and it's about the black engineers who helped get us into space - all the while fighting rascim. 

https://pca.st/podcast/cb671760-4298-013b-f171-0acc26574db2

surely a recession is looming... could a depression be on the horizon too?

As we look at the economy, and the harm that is being done to it - without any thought whatsoever - it becomes clear that we will have a significant economic downturn coming in the near term.

Delon Trusk are dismantling government and slashing payroll without really thinking about the broader economic impacts.  They're thinking like business people.  If you lay off employees at a company, you impact those people, and the local economy in a targeted area.  And the company can right itself and focus on whatever business, while other companies likely will compete for the business that's been dropped.

But if you lay off significant numbers of government employees, that has a broader impact to the country as employees provide services everywhere and there isn't anyone who can step in to a lot of this.  And there is nothing that can fix it.  Unemployment goes up, and businesses that support the people employed will also wind up having an impact.

Consider that if you cut a significant number of people who live in DC then there is an inventory of apartments, there are fewer people getting their suits pressed, restaurants won't be frequented for lunch, and so on.  The downstream impact could be catastrophic.

In fact DC has already put together a multi year forecasted budget and they see that they'll have greater than a $300 million budget shortfall each year - meaning that they won't be able to fund schools, libraries, or even pick up garbage.

Its bad.

Then we look at the ripple effects to housing, cost of living, and consumer confidence.  The stock market is a reflection of that to a degree and traders have no idea which way things will go and so the market goes down.  

Which will likely lead to a recession sometime later this year.

Recession
a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.

And as unemployment starts to spike, while companies are unsure what to do, and really do you trust the knuckleheads in key financial positions to account for inflation?  We may be headed to a depression, as early as 2028 by definition.

Depression
A depression is a severe and prolonged downturn in economic activity. A depression may be defined as an extreme recession that lasts three or more years or that leads to a decline in real gross domestic product (GDP) of at least 10% in a given year. Depressions are far less common than milder recessions. Both tend to be accompanied by relatively high unemployment and relatively low inflation.

 

A 5 year passage of time

When the pandemic started closing everything, my wife and I took a trip down to the Fairchild Botanic Gardens in Miami. 

Being an outdoor garden, they planned to stay open as long as they could. But the county had other plans and they wound up closing a few days after we went. 

They didn't re-open for several months so I only had a few pictures from that visit (as well as some others over the years). They helped my mental state during the closures and whatnot. 

I took the picture on the top in March 15, 2020. 

I went again today, a week before the anniversary of that date and recreated the picture in front of the same rainbow eucalyptus they have growing there. 

The world is very different. And yet here I am in front of a tree that doesn't care what we're  doing. It just grows. 

Leon Lederman

The name might not be a well-known household name, but Leon Lederman won a Nobel prize in Physics back in 1988, for his work with neutrinos.  Its a widely recognized piece of work that he undertook with other physicists to revolutionize how we think about subatomic particles.  And yes, you may also realize he is the discoverer of the Higgs boson particle.

But here's the thing.  In 2012, he started suffering from dementia.  The general care for it was covered under Medicare, which is good. But, as he needed more care, like an aide, or to stay at a memory care facility, Medicare didn't cover that.  

So in 2015,  his wife sold his Nobel prize for just a little over 3/4 of a million dollars.  Because they needed the money to continue to pay for his care.

A Nobel physicist who revolutionized our understanding of the universe had Medicare, and *still* had to sell his medal to cover expenses.  

He died in 2018, and the NY Times did an obituary for him: https://www.nytimes.com/2018/10/03/science/leon-lederman-died-particle-accelerators.html

There is something so wrong with this situation, with what we have for healthcare in a first world nation, one of the wealthiest EVER.  We can't even care for our people, even the ones that contribute to our betterment.  

What is wrong with us?!

Student solves a 100-year-old math problem

Divya is a grad student at Penn State.  Her graduate advisor challenged her to solve a problem. There's a supposed optimum solution for a rotator's movement., which was proposed by an aerodynamic engineer in Britain - but which appeared to be incomplete.

After poring over the math and applying some scientific curiosity, she came up with a solution that makes rotation more efficient.  And this finding can be applied to many things, but wind turbines will benefit directly.  

"I created an addendum to Glauert's problem which determines the optimal aerodynamic performance of a wind turbine by solving for the ideal flow conditions for a turbine in order to maximize its power output,"

https://interestingengineering.com/science/100-year-old-math-problem-revisited

As always, I remind you to always challenge the paradigm and consider that a theory is based on what we know and is observable - but a theory can always be adapted when we learn more.  

Scientific curiosity for the win! 

Wow! WWII bomb found near Paris

World War II ended 80 years ago, and yet we continue to find explosives and bombs in various locales.  But here is a case where a half ton unexploded bomb was found in a fairly populated area.

They've brought in people to dispose of it, but given its size, location,  and age, it is a delicate operation that may take some time to handle properly.

Its amazing just how much destruction was wrought during that war, and for that matter the Great War that happened 20 years before that.

French Transport Minister Philippe Tabarot said that the huge disruptions were caused by the discovery of a bomb that weighed half a ton. Workers found it overnight while doing earthmoving works near the tracks in the Seine-Saint-Denis region that borders Paris to the north. Bomb disposal experts were called.

https://apnews.com/article/france-paris-gare-nord-unexploded-bomb-d76871a93baee768df2a225922f12d89