Daily Digest

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Daily Digest 7/18 - South Florida’s Drought Deepens, Nothing Matters Until It Does

Saturday, July 18, 2015, 9:50 AM


How artificial intelligence is changing economic theory (Arthur Robey)

Machina economicus might better fit the typical economic theories of rational behavior, but we don't believe that the AI will be fully rational or have unbounded abilities to solve problems. At some point you hit the intractability limit—things we know cannot be solved optimally—and at that point, there will be questions about the right way to model deviations from truly rational behavior.

South Florida’s drought deepens (Michael W.)

South Florida’s rainy season typically kicks in around June with the start of the hurricane season. But this year, following a dry spring, just over six inches has fallen across a 16-county region, more than two inches below average. July arrived with brutal heat, but little seasonal afternoon rain. Rainfall in Broward was off by more than eight inches. Miami-Dade was down seven inches.

LIVE from GREECE: Greek People Victims Of Political Games (Taki T.)

With the recent bank holiday (started July 5th) it became clear that the economic and political problem is not a far-flung event, a view which was shared by most people up until that point. The bank holiday has exhausted people financially, and the restriction of retrieving 60 EUR / day is extremely frustrating. Many ATM’s are not working, there is not always one nearby, so people often have a cost of 5 to 15 EUR simply to get to money out of an ATM.

Robots pass 'wise-men puzzle' to show a degree of self-awareness (Arthur Robey)

With the robots, instead of hats, the roboticists programmed the three humanoid robots to "believe" that two of them have been given a "dumbing pill" causing them to become mute, but they did not "know" which of them it was. In actuality, two of them were made mute by pressing a button on their head. The three robots were then asked which of them had not received the dumbing pill. All three robots attempted to respond with an answer of "I don't know" but only one was able to do so, which meant it was the one that had not been muted. Upon hearing itself audibilize a reply, it changed its answer, declaring that it was the one that had not received the dumbing pill.

Nothing Matters Until it Does: Bill Holter (pinecarr)

So Mr. Tsipras has sold out his countrymen. He called for a referendum fully expecting a “yes” only to receive a resounding no vote. No matter though, what was already “planned” has already gone forward to kick the can down the road. As overwhelming as the referendum was and as in your face the following proposed agreement is, outright rioting, violence and even civil war has a high probability of resulting. A “convenient coup” (remember Ukraine?) could even be in the works?

ECAT Heat Energy (Arthur Robey)

Leonardo Corporation now offers ECAT Heat Energy as a separate product solution. The ECAT plants are owned and operated by Leonardo Corporation while installed in the customers facilities or at a location in the vicinity of the customers facilities depending on local needs and infrastructure.

The ECAT Heat Energy is delivered by steam at 100-120 Celsius and extracted through the customers local heat exchangers. Return temperatures can be in any range between 5-95 Celsius.

After 85-year search, massless particle with promise for next-generation electronics found (Arthur Robey)

The researchers' find differs from the other particle discoveries in that the Weyl fermion can be reproduced and potentially applied, Hasan said. Typically, particles such as the famous Higgs boson are detected in the fleeting aftermath of particle collisions, he said. The Weyl fermion, however, was discovered inside a synthetic metallic crystal called tantalum arsenide that the Princeton researchers designed in collaboration with researchers at the Collaborative Innovation Center of Quantum Matter in Beijing and at National Taiwan University.

Hotter, Wetter, Stormier: Study Says 2014 Climate Melted Records (drbost)

The annual State of the Climate report, compiled by the U.S. National Oceanic and Atmospheric Administration, found global sea levels reached a record high last year, about 67 millimeters (2.6 inches) above the mean in 1993 when satellite measurements began. There were 91 tropical cyclones in 2014, “well above” the 1981-2010 annual average of 82 storms, according to a statement released with the report.

Gold & Silver

Click to read the PM Daily Market Commentary: 7/16/15

Provided daily by the Peak Prosperity Gold & Silver Group

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ezlxq1949's picture
Status: Gold Member (Offline)
Joined: Apr 29 2009
Posts: 289
ECAT Heat Energy

To judge by the appearance and tenor of their website (always a good guide, right?), this is beginning to look quite serious. If true it's an utter game changer. It's also looking too good to be true.

Do we have subscribers with the the physics and engineering competence to make a credible independent assessment of it in terms that I can understand?

Is it really at the commercial stage? Can I really buy one to install at home almost like an appliance and enjoy megawatt(-hours) or whatever of oh-so cheap electricity?

Do the energy equations make sense? Is energy out truly greater, and permanently so, than energy in, including embodied energy? Is there enough nickel in the world to make enough of these gadgets to satisfy potential demand?

And if it really is what it claims to be, why hasn't the military-industrial complex hijacked it? Or does that lie just ahead?

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
eCat Controversy

The evidence is empirical, weakly supported by theory.

Prof. Hagelstein has a theory that couples the strong nuclear force with the external phonons. He has used it to successfully predict the emission of coherent X rays. Whether it applies to Rossies device is unclear.

I am a optimist and believe that it is being ignored because the problem has already been solved and that solution is far superior to Rossi's fumbings.  It will take a war for the players to show just what cards they hold,  if any.


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