Author Archives: L J Furman, MBA

About L J Furman, MBA

Analyst here and Director of Information Technology with an MBA in Managing for Sustainability.

Hurricane Sandy, the Frankenstorm

Hurricane Sandy, NOAA handout satellite image taken on October 27, 2012.

Hurricane Sandy, NOAA handout satellite image taken on October 27, 2012. Note the size and position of the storm.

Hurricane Sandy, aka “The Frankenstorm,” a Hurricane with Snow, the 19th named storm of the 2012 season, is projected to hit Delaware, then New Jersey, New York, Connecticut, and Massachusetts, Vermont, New Hampshire, and Maine. Snow is expected in West Virginia. Winds and rain are expected as far west as Ohio. Additional satellite images are available at NOAA. Note that the Frankenstein monster was created by man.
While some are calling this the storm of the century, I see it, like Hurricane Irene of 2011, discussed here, and Katrina and Rita a few years ago, as a harbinger of things to come.
Several natural phenomena are combining with several man-made factors to interact in ways that will make this a very significant storm, and one that we expect to see repeated every few years.  ABC News, National Hurricane Center, NOAA, other news and information media are providing up-to-date coverage.  Popular Logistics provides analysis.
Natural Phenomena:
  • Hurricane Sandy is 900 miles wide – bigger than Irene.
  • It will interact with a cold front coming from Canada that will form a Nor’ Easter.
  • It will also interact with the Jet Stream, that will pull it northward, then refocus it back south-westerly arc toward New York City, Long Island, and New Jersey.
  • The full moon – which triggers higher tides – will trigger a storm surge.

Man made factors that will exacerbate the storm’s damage:

  • Atmospheric CO2 and water vapor – the concentration of carbon dioxide and water vapor is higher today due to burning fossil fuels.  This means the atmosphere can hold more heat, and is holding more water, the oceans are warmer; thus storms will be bigger and more severe.
  • Coastal development – sand dunes gone from Long Island make us more vulnerable to storm surges and flooding
  • Crumbling infrastructure gives us a diminished ability to weather the storm.
  • Lack of emergency preparedness gives us a diminished ability to weather the storm.
  • Satellites, in need of repair, give us a diminished ability to monitor the storm.
  • Nuclear Power plants in New York, New Jersey, and Connecticut will need to be monitored. Some will be shut down, as they were last year during Hurricane Irene, leading to power outages. See “Nuclear Power, Natural Disasters, and Security.”This gives us diminished ability to weather the storm, and forces us to deploy resources to safeguard infrastructure.

In August of 2011 the Millstone 2 & 3 plants in Connecticut and the Brunswick 1 & 2 plants in North Carolina were operated at reduced capacity during and after Hurricane Irene, while the Oyster Creek plant in New Jersey, and the North Anna 1 & 2 plants in Virginia, were offline.  The North Anna plants were shut down before the hurricane due to the earthquake. I expect Hurricane Sandy will effect most of those plants, and also the Calvert Creek plant in Maryland, Hope Creek, and Salem in Jersey, Indian Point in New York, and Vermont Yankee, in Vermont.

Solar power, wind, and wave power won’t work during a hurricane, but don’t need emergency crew on hand to make sure cooling systems are operational. And geothermal will function.

As an analyst with Popular Logistics, I am available for research and analysis on a per project or a per diem basis. I can be reached at ‘L Furman 97” @ G Mail . com and US 732 .  580 . 0024.

“Grandpa” Wen Worth $2.7 Billion: NY Times Blocked in China

Wen Jaibao

Wen Jaibao,  NY Times, 10/25/12

Guangxi River

Guangxi River

Child in Linfen

Child in Linfen

 

The NY Times reported, here, that Wen Jiabao, the Prime Minister of China, has amassed approximately $2.7 billion, and so according to the Guardian, here, access to the Times has been blocked within China by the “Great Firewall of China.” In term’s of China’s population, Wen’s family fortune is approximately $2.08 for every man, woman, and child in China. This is ¥12.978 , at current rate of ¥6.2465 CNY to the $1.0 USD. The Times also details the Wen family empire, here.

Nicknamed “Grandpa Wen” because of his reputation of concern for the underprivileged, or, in Marxist parlance “The Proletariat,” for there are no “Privileged” people in the People’s Republic, Wen has called official corruption a threat to the ruling Communist Party. He should know. This is what happens when a disregard for rights is coupled with tremendous power. However, given that the Chinese leadership has embraced a form of capitalism, wherein the people who run the state own or manages the corporations that produce things or allocate resources, it must be noted that China seems to be following a fascist political and economic model, rather than a Marxist or Maoist communist political and economic model.

What would Mao say? Hard to tell. He ate well during the “Bitter Years” from 1958 to 1962, when an estimated 15 to 43 million people died (wikipedia).

Political and economic theory aside, when coupled with what we know about air and water pollution, working conditions in Chinese factories and coal mines, official attitudes toward intellectual property (Business Week / Popular Logistics) , the challenge posed by a demographic imbalance of a population of 700 million men and 600 million women, cultural attitudes towards homosexuality, prostitution, and HIV AIDS; the long term prospects for socio-economic stability in China seem low.

 

A small boy walks through the smog of Donglu, on the outskirts of Linfen, where villagers have difficulty in selling their crops because of the severe pollution. Linfen, a city of about 4.3 million, is one of the most polluted cities in the world. China's increasingly polluted environment is largely a result of the country's rapid development and consequently a large increase in primary energy consumption, which is almost entirely produced by burning coal.

Linfen, a city of about 4.3 million, one of the most polluted cities in the world. Courtesy Greenpeace.

Air and water pollution in China, as documented by Elizabeth Economy in The River Runs Black, in 2004, ISBN: 978-080-1442-20-9, available at the Strand Bookstore, here, and also documented by Greenpeace here and here here and here, present tremendous long term threats to the people of China to breathe, drink, and to eat.

River Guangxi

River Guangxi

As a public service to the people who make smart phones, laptops, routers, and clothing for use here in the USA, the NY Times article is reproduced below.  It is not the policy of this blog to quote entire articles. However, given that the entire article – and the entire web-site – is blocked from within “The Great Firewall,” we have made an exception in this case. We trust that the writers, editors, and publishers of The Times will understand. Continue reading

Apple: Worms Eating the Core or Golden?

Apple Logo

Apple stock closed on October 9, 2012 at $635. While up $247, or 64%,  for the year, the stock price has dropped 70 points, 10%, from the peak of $705 reached on Sept. 21, 2012. Where will it go next?  What caused this 10% drop? And what about Amazon, Google, Microsoft, & Research in Motion?

Here’s what I think:

  1. Apple (AAPL) will announce earnings on October 25, 2012. I expect $46.79 to $48.9 per share on an annualized basis, up 10 to 15% from the current $42.54 per share.
  2. Apple’s share price will increase back to $700, and then to $750 by year-end, 2012.
  3. Amazon (AMZN), Google (GOOG) and Microsoft (MSFT) will be stable thru to year-end, 2012.
  4. Research In Motion (RIMM) will be acquired by June 2013.

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Bush, Gore, Al Queda, and Sept. 11

Damadged sculpture that stands in Battery Park in New York City

The Sphere, by Fritz Koenig, in Battery Park. Image by L. Furman

Should the President have been able to foil the attacks of September 11?

Throughout the 1990’s we sustained:

  • The 1990 assassination of Rabbi Meir Kahane in New York City,
  • The 1993 bombing of the World Trade Center,
  • The 1998 bombings of the Embassies in Kenya and Tanzania,
  • The 2000 bombing of the U. S. S. Cole,
  • And in 1999 we foiled Al Queda’s Millennium plot.

President Clinton and Vice President Gore knew that Osama bin Laden was a threat. They knew he had been trained by the CIA in the war in Afghanistan against the Soviet Union. They also knew that he financed and or masterminded the simultaneous attacks on U. S. embassies in Dar Es Salam, Tanzania and Nairobi, Kenya on August 7, 1998, and the October, 2000 attack on the U. S. S. Cole. And President Clinton told us that after his January 2001 inauguration he briefed President Bush on bin Laden.

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Adventures in Driving – Hybrids

2913 Ford C max

One day, back in 2009, while driving my ’99 Chevy Malibu home from classes in Marleboro College’s MBA in Managing for Sustainability, I set a target for my next car that it would get over 45 Miles Per Gallon. That basically means a hybrid like the Ford CMax (Edmunds / Ford) pictured above or one of the uber-efficient Volkswagon TDI Clean Diesel (news / autoblog / VW).

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Occupy Wall Street, Obama, The American Jobs Act, Veterans & Patriots

The same way that they filibustered the The American Jobs Act of 2011, Senate Republicans filibustered the Veterans Jobs Corps Act of 2012. According to the Examiner, here,

the proposal failed 58-40, with most Republicans voting against it. Sixty votes were needed to overcome the procedural hurdle and push the bill toward final passage. Five Republicans – Sens. Scott Brown (Mass.), Susan Collins (Maine), Dean Heller (Nev.), Lisa Murkowski (Alaska) and Olympia Snowe (Maine) – voted with all 53 members of the Democratic Conference to sidestep the procedural roadblock.

I know the Republicans CLAIM to be “Fiscal Conservatives” and “Patriots” but the evidence shows that they are neither.
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Occupy Wall Street – On Taxes

Woman Dancing on the Bull

Taxes are the price we pay for civilization.” – Oliver Wendell Holmes.

Progressive tax structures are not about punishing the rich. They are a recognition that wealthy people – like everyone else – derive benefits from being in society. Warren Buffett, Steve Jobs, Bill Gates, Michael Jordan, Oprah, for example, got rich because people buy their products or watched them play basketball or on TV.  Paris Hilton is wealthy because her great-grandfather built a successful business. Their successes are wonderful. But their success should not require me to subsidize their lifestyles.

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New Milage Standards: 54.5 MPG by 2025. Meaningful & Terrific!

President Obama, official portrait.The Obama Administration issued final rules Tuesday 8/28/12 requiring joint mileage and carbon emissions rules for model years 2017 through 2025 that will eventually force automakers to meet a standard equivalent to 54.5 miles per gallon (news / White House / Announcement).

Back on July 7, 2009, when President Obama raised the CAFE standards from 27.5 mpg to 35.5 mpg, I wrote “CAFE Standards, Not Meaningless but Trivial,”  I wrote, here,

Pres Obama has raised the CAFE standards from 27.5 mpg to 35.5 mpg, by 2016.  Raising the CAFE standards to 35.5 mpg in 7 (or 26) years is not the change we need. It is very little, and very late. The standard for cars has been 27.5 mpg since 1990 (DieselNet).  However, at least we are starting to move forward.

The standard of 54.5 MPG is Meaningful, Significant, and Terrific!

We also need a clean energy goals for the Efficient Use of Solar, Wind, Geothermal, Wave Power. 20% by 2020, and 100% by 2035!

Romney, the 47% and Outsourcing

Mitt Romney

We learned this week, thanks to Mother Jones, that Mitt Romney, speaking at a fundraising event on May 17, 2012, said,

  • There are 47% of the people who will vote for the president no matter what.
  • All right, there are 47% who are with him,
  • who are dependent upon government,
  • who believe that they are victims,
  • who believe the government has a responsibility to care for them,
  • who believe that they are entitled to health care, to food, to housing, to you-name-it.
  • That that’s an entitlement.
  • And the government should give it to them.
  • And they will vote for this president no matter what…
  • These are people who pay no income tax…
  • [M]y job is is not to worry about those people.
  • I’ll never convince them they should take personal responsibility and care for their lives.

But who are these 47%?

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Why Invest in Infrastructure?

If you don’t invest in infrastructure, it fails. Remember New Orleans and Katrina? These pictures were not taken in New Orleans, Baghdad, Iraq, Falujah, Iraq,  Hama, Syria or Afghanistan.

Entrance to Lincoln Tunnel

Image Copyright (C) L. Furman, 2011. Used with Permission

They were not taken in Gaza,  Sudan, recently, Sarajevo in the 1990s, or Dresden, London Hiroshima, or Nagasaki, after WW II.

Entrance to the Lincoln Tunnel, 2

Copyright (C) 2011, L. J. Furman, All Rights Reserved

They were taken in New Jersey on the entrance to the Lincoln Tunnel on Nov. 23, 2011.

Occupy Wall Street – On Energy

Woman Dancing on the Bull

Monday, Sept. 17, was the First Anniversary of the “Occupy Wall Street” protests.

The protesters at Occupy are/were demonstrating against the current economic system and to make “Fracking” illegal.  (See “Stop Spectra: Resist Fracking in NYC” or “City Limits, Occupy Wall Street, Opposes Fracking“) Energy Policy and Economics … the intersection of energy and economics in the bio-humanosphere – the memes we knit together at Popular Logistics.

My coverage of Occupy Wall Street started on Sept. 22, 2011, with “Protesting Marked Cards and a Stacked Deck.” Quoting Mr. Buffett’s op-ed in the NY Times, “Stop Coddling the Super-Rich,” and citing President Obama’s statement about the American Jobs Act, explained on White House . gov and Talking Points Memo, which Senate Republicans subsequently filibustered, I called for repeal of the “Bush Tax Cuts” on the wealthy, and for passage of Obama’s American Jobs, the so-called Buffett Rule.

I concluded,

Tax policy must be linked to fiscal policy. What we are doing today, Obama, Buffett, and the protesters would say, is using tax policy to make rich people more rich…. we should use tax policy to develop infrastructure… to build a 40 kilowatt photovoltaic solar array on each of the 92,000 public schools in the United States…. This would use tax revenues to pay for infrastructure upgrade – and tax revenues pay public schools electric bills. PV Solar systems provide energy without pollution, without toxic wastes, without greenhouse gases. And in the event of an emergency, if disconnected from the grid, we would have a network of 92,000 local emergency shelters with power during the day, when the sun is shining.

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Gore & The Supreme Court

US Supreme Court, 2000

In the Election of 2000, Al Gore won the “Popular Vote” 50,999,897 to 50,456,002, 48.38% to 47.87%, by a margin of 543,895, or 0.51% of the vote. However, he lost Florida by 547 votes. Consequently Florida’s 25 Electoral College votes were awarded to Bush and Gore lost the election in the Electoral College 271 to 266 – by five votes. Had he won Florida votes he would also have won the Electoral College Vote, but the Supreme Court intervened, ruled that there was no time for a recount, (see wikipedia entry, here) therefore George W. Bush had won in Florida, and that Mr. Bush, therefore, was elected President by the Electoral College. But what if Gore had won a decisive majority in the Electoral College? What if our elections were determined by the popular vote? What if the election of 2000 had been called for Gore?  (Source: Federal Election Commission, FEC, Presidential Election, 2000, Official Results.

What kind of jurists would a President Gore have appointed to the Supreme Court?

Presidents tend to appoint justices who agree with them on political philosophy. Notable exceptions were Warren Burger, appointed by President Eisenhower, and David Souter, appointed by President G. H. W. Bush.

George W Bush appointed Samuel Alito and John Roberts, to the Supreme Court. These men typically join with Anthony Kennedy, Antonin Scalia, and Clarence Thomas, and they typically find in favor of corporations and the government rather than individual citizens.

Bill Clinton appointed Ruth Bader Ginsburg and Stephen Breyer. They typically find in favor over individuals rather than corporations or the government. Barack Obama appointed Elena Kagan and Sonia Sotomayor, who typically agree with Breyer and Ginsburg. Ginsburg, Breyer, Kagan and Sotomayor have occasionally forged majorities with Kennedy and Roberts.

As President, Al Gore would have probably have appointed jurists like Kagan and Sotomayor who tend to find in agreement with Ginsburg and Breyer. He might have appointed Bill Clinton to the Supreme Court. He probably would have appointed justices with a comprehensive understanding of environmental law and the reasons why we need tough protections on the environment.

We saw these patterns in the decisions on Citizens United and Florence v Burlington, described by me as “Landmark Mistakes of the Supreme Court” (here). These were decided by Chief Justice Roberts, and Associate Justices Alito, Kennedy, Scalia and Thomas in the majority and Associate Justices Breyer, Ginsburg, Kagan and Sotomayor in the minority.  The decision on the Affordable Care Act, aka “Obamacare,” was made by Chief Justice Roberts, with Breyer, Ginsburg, Kagan, and Sotomayor.

Justices appointed by a President Gore would probably have found in favor of Albert Florence, in Florence v Burlington, that the Fourth Amendment should be understood to bar strip-searches of people arrested for minor offenses not involving drugs or violence, unless officials had a reasonable suspicion that they were carrying contraband. In Citizens United, they probably would have found that citizens and groups may not spend unlimited amounts of money to influence the outcome of elections.

The practical implications those rulings – that police, after reading an apprehended suspect his or her rights in accord with the Miranda decision, can strip-search him or her, and that anyone and corporations can spend unlimited amounts to influence the outcome of elections, suggest that the (human) Citizens of the Republic would be better served with one or two more Justices who would tend to rule in favor of the rights and liberties of (human) citizens rather than the powers of corporations and the state.

In the recent decision on the Affordable Care Act, aka, “ObamaCare” judges appointed by a President Gore might have found, like Chief Justice Roberts, the law Constitutional under the taxing provision of the Constitution. On the other hand, they might have ruled that the laws establishing Medicare for Seniors, Medicaid for the poor, and the Veterans Health Administration must be expanded, because they are discriminatory against non-veterans who do not qualify for Medicare and Medicaid, and that these programs must be combined to create a “Citizens Health Administration” or “Medicare for All,” which would guarantee all Americans access to basic medical care.

Neither Presidents Clinton, Bush, or Obama, or any of the Justices of the U.S. Supreme Court were reached in the preparation of this post.  Observations by current or former Presidents, Justices of the Supreme Court or justices in other courts would be welcome.

As an analyst with Popular Logistics, I am available for research and analysis on a per project or a per diem basis. I can be reached at ‘L Furman 97” @ G Mail . com.

What If … Gore had been President?

In the XB Cold Fingers song, “Sunbathing In Siberia,” (Listen / Try or Buy / Lyrics ) Al Gore I wrote,

“If Gore had been awarded the White House
he’d chain us to Kyoto, don’t ya see.
There’d be solar panels on the rooftops,
wind power, clean power, almost free.”

While the song is a tongue-in-cheek look at energy, climate change, and the election of 2000; what if Gore had been the 43rd President?

In this series of posts, I’ll explore this scenario in terms of what it would have meant for the Supreme Court, foreign policy and defense.

  • Who would Gore have appointed to the Supreme Court?
  • How would they have decided Citizens United and Florence v Burlington?
  • What about September 11 – would the 19 terrorists have been able to hijack 4 planes and crash two into the World Trade Center and one into the Pentagon?
  • If so, would we have gone to war in Iraq and Afghanistan?
  • If not, would we have gone to war in Iraq anyway?
  • And what about Iran? Israel? The Arab Spring?
  • And the economy here in the United States?

This next post in the series looks at the Supreme Court. Stay tuned.

Buggy-Whips, Railroads & Oil: Systems Thinking on Fuel

West Texas PumpjackAt the 6th Annual Babson Energy Conference, “Energy, Environment, & Entrepreneurship: Challenging Assumptions, Changing Perceptions”, here, held March 30, 2012, Cimbria Badenhausen, (LinkedIn), an alum of the Marlboro College MBA in Managing for Sustainability, asked Tahmid Mizan, Senior Planning Advisor of Exxon Mobil, “Are you an ENERGY company or a PETROLEUM company?”

Mr. Mizan, of Exxon, didn’t answer the question.

Henry Ford, when asked why he doesn’t use focus groups, is believed to have said, “If I asked people what they wanted, they’d tell me faster horses.” (HBR) Continue reading