Read a riveting analysis by Economist John Kay on why banks might perform better with women in charge. As an enticement to read further, here is a reproduction of the opening paragraph of his article that was originally published in the Financial Times of 18 March 2015.
The most powerful posts in the financial world are held by women. Janet Yellen chairs the US Federal Reserve, and Christine Lagarde is managing director of the International Monetary Fund. Mary Jo White heads the US Securities and Exchange Commission, and was preceded in that job by Elisse Walter and Mary Schapiro. America’s new Consumer Financial Protection Bureau is directed by a man — but the reason is that the industry feared Senator Elizabeth Warren would fill the role too effectively.
Read the complete article on John Kay’s own blog post here.
As often in the past, thanks to my friend Larry Willmore for his own Thought du Jour blog post that drew my attention to this article.
Some years ago while reading about early explorers into Tibet, I came upon a biography about Helena Blavatsky. Madame Blavatsky was involved in early investigations of spiritualism and eventually went on to found the Theosophical Society with others in 1875. The original organization splintered, and Theosophy does not have the following it once enjoyed, but it continues to foster spiritual growth.
The Theosophical Society in America’s website (www.theosophical.org) outlines their vision, mission, and ethic.
The Theosophical Society in America:
“Has a Vision of wholeness that inspires a fellowship united in study, meditation, and service.
Its Mission is to encourage open-minded inquiry into world religions, philosophy, science, and the arts in order to understand the wisdom of the ages, respect the unity of all life, and help people explore spiritual self-transformation.
Its Ethic holds that our every action, feeling, and thought affects all other beings and that each of us is capable…
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Four recent reports on new breakthroughs in renewable energy generation and storage technology reinforce the promise that was once made for nuclear power: abundant energy for all, including the poorest in society, even though it may never be “too cheap to meter.”
High Performance Flow Batteries The promise of renewable energy technologies will be fully realized when battery storage becomes reliable enough and cheap enough to even out intermittent flows. Today the problem is partly solved by feeding energy from rooftop panels into the grid and then receiving compensation from the energy utility for the power supplied either in cash or in the form of reduced electricity bills. Looking at a typical electricity bill in Euroland (my own) I see the following charges. The unit price (per KWh) is between 6.5 and 7.3 Eurocents, but after grid charges, network costs and taxes are added, I pay 26 cents per KWh. Ironically, bulk consumers (factories, office blocks and large companies) pay lower rates, around 8 to 15 cents per KWh, depending on level of consumption. Now the whole picture is changed with the advent of low cost storage systems that make home batteries affordable and economical. Imagine home systems that can deliver electricity for all your needs at no cost for twenty to thirty years, once installed, barring the onetime cost of the system. Coming soon, to an affordable home near you.
Silicon cones inspired by the architecture of the human eye. The retina of the human eye contains photoreceptors in the form of rods and cones. Rods in the retina are the most sensitive to light, while cones enhance colour sensitivity. Modelling photovoltaic cells based on the makeup of the retina, researchers have been able to enhance the sensitivity of solar cells to different colours in the sunlight that falls on each cell and thereby increase electricity output by “milking the spectrum” closer to its theoretical maximum. Increasing efficiency of the average rooftop PV cells from the current 18-20 to 30% would make such systems cheaper by far than grid electricity mostly anywhere in the world, even in temperate countries. Coming soon, to a rooftop near you.
Modular biobattery plant that turns biowaste into energy. Biogas plants are old hat. They have undeniable benefits, turning plant, animal and human waste into energy (methane) while leaving behind a rich sludge that is excellent fertiliser. However, good designs are not common and they are sometimes cumbersome to feed and maintain. Now comes an efficient German design that promises to be modular and economically viable even at a small scale. In another development, the University of West England at Bristol has developed a toilet that turns human urine into electricity on the fly (pardon the pun) and the prototype is currently undergoing testing, appropriately enough, near the student union bar. Coming soon, to a poo-place or a pee-place near you.
New electrolyte for lithium ion batteries. Lithium ion batteries using various electrolytes have already become the workhorse of the current crop of electric cars and for medium-sized storage requirements. New electrolyte chemistry discovered at PNNL Labs shows that reductions of upto ten times in size, cost and density are feasible and various electrolyte/electrode combinations are being further tested for production feasibility. Coming soon, to a battery storage terminal near you.
So what should you do, as a concerned global citizen, until you can lay your hands on one of these devices (or all of them) for your own use? Tread lightly on the earth, don’t buy bottled water, reduce energy use, walk when you can instead of driving your car (your arteries will love you for it), buy local produce, eat less meat (your grateful arteries again), think twice before flying off to that conference (think teleconferencing), buy an electric car if you need a new one, and remember that every liter or gallon of petrol you fill into your old one not only fuels your car but potentially also the conflicts in the Middle East and/or lines the deep pockets of Big Oil which definitely does not want your energy independence.