Discovery Channel features the Bay Bridge construction

The Bay bridge replacement is scheduled to be opened for opening by September  2013.  It started constuction in 2002 after 1989 earthquake damaged a span.  It was considered unsafe due to its rigid construction.  When the earthquake struck, the bolts sheared and the spans fell.

The new bridge built at a cost of $6.3 billion  it is considered the longest self anchored suspension bolt.  It features 28 independent spans that can flex under extreme earthquake condition and has flexible joints that are interconnected.

However the bridge construction was marred by allegation of irregularities including bolt failures and superficial welds, delays etc. 

Will this bridge be safe?  Or will it fail just like the Eastern section that failed in the La Loma Prieta of Oct l7, l989 (6.9 magnitude)

Bancom had a lot of innovations from l965 to 1981

 

I watched the replay of Bancom rise and fall interview  of SKR with Coco Alcuaz
 
Bancom attracted a lot of young graduates to join it in the 70s because it was a leader in innovation.

l.  He invented creative legal team  -  how to get around legality to put up business;

2. He initiated the treasury bills system with the govt.

3.  They saw the opportunity about the disparity of what the banks gave companies as savings rate and the overdraft rate that you could drive trucks into this.

4.  They started the money market system;

5.  They partnered with RCBC for having stronger balance sheet.

However as interested in economic development Bancom went into a lot of things that weakened the balance sheet of the company.  When Dewey Dee fueled a bank run, and CB prevented them from discounting some of the papers, they had to fold up.

The Bancom rose up as Union bank.  What a story.

P.S.  One time I was in the reception area of CBP and I was ahead of SKR and I allowed him to go ahead of me. He looked handsome them with salt and pepper hair.  He does not look that handsome now;  he has long hair

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Sixto K Roxas - leaving a Bancom Legacy

 Sixto K Roxas


I just watched at ANC the interview by Coco Alcuaz with Sixto K Roxas, the former chairman of Bancom.  He started the commercial papers business and investment banking in the PHL.  He left business in l982.  He used to be an EVP of an oil company, and Vice Chairman of Amex, the first Filipino President of AIM.

He was Jesuit educated and he finsihed his AB at Ateneo as Summa Cum Laude, and graduate studies at Fordham University.  He is chairman  of the T. M Kalaw Institute of Sustainable Development.

He believes that development can not be done at the national and macro level.  The trajectory can start from the local level.  We can use the 222 or so congressional district as starting point of development, as seen from what they have rather than the old traditional way.  Entrepreneurship and development at the local level is the key.

Sixto K is an idol and I admire his accomplishment.

Fwd: No Secret Should Ever Suffer This Fate...

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Date: Mon, Jun 24, 2013 at 2:05 AM
Subject: No Secret Should Ever Suffer This Fate...
To: profjorge.entrep@gmail.com

You are receiving this email as a part of your free subscription to the Tech & Innovation Daily e-letter. Click here to manage your subscription. Dear Tech & Innovation Daily Nation, James Black was a legendary blacksmith who died in 1827. He died without ever telling his giant secret. You see, Black fashioned knives that were incredibly durable, yet flexible. His methods mimicked a secret known to exist in Middle Eastern sword-making from 1100 to 1700. Black kept everything a secret, ultimately taking his genius to the grave. Even today, his craftsmanship still cannot be duplicated. What a shame he never told a soul! Our resident genius has a much different view on secrets... The man at the center of the tech world, Louis Basenese, has a slightly different opinion on secrets, saying... "Guard your biggest secrets among a privileged few." Louis' two prior secrets revolved around MAJOR announcements. That is, announcements ready to change the fortunes of entire companies. Recent history has already validated both of Louis' secrets. Shares of Uni-Pixel (UNXL) went vertical when its announcement hit. As did shares of Parametric Sound (PAMT). For our readers who followed Louis' recommendations to the letter of the law, well... They made a TON of money, like Courtney, who wrote in and said... "I purchased shares of Parametric Sound followed by shares of Uni-Pixel. I've netted over $45,000 to date with these two stocks alone!" Regarding Louis' Latest Secret... The world will soon be shaken to its very core. Something straight out of "The Jetsons" is about to hit the market. Yet 99.99% of the population is oblivious. Especially where the $2 company holding all the patents is concerned. Let's keep it that way for a few more days! I've already successfully kept Louis' last two secrets. I did it using a brilliant idea, so I'm doing it again... If you agree to protect Louis' latest secret, I'll do this... I'm not a "miracle worker," though... Louis is the biggest name in technology. As such, his recommendation is already in the very early stages of what could be a historic price move. Oh, and the market's recent price correction did nothing to interrupt what's coming, either. So please don't delay. Click here for the details. Ahead of the tape, Robert Williams Publisher, Tech & Innovation Daily   You are receiving this email as a part of your free subscription to the Tech & Innovation Daily e-letter. Manage your subscription. Or to cancel by mail or for any other subscription issues, write us at: Tech & Innovation Daily Attn: Member Services 105 West Monument Street Baltimore, MD 21201 © 2013 Wall Street Daily, LLC All Rights Reserved Wall Street Daily, LLC. · 105 West Monument Street · Baltimore, MD 21201 North America: 1.855.405.3939; Fax: 1 410.223.2650 International: +1.410.864.2542; Fax: +1 410.223.2650 Website: TechandInnovationDaily.com Email: techandinnovationdaily@techandinnovationdailyinfo.com Wall Street Daily, LLC is a financial publisher that does not offer any personal financial advice or advocate the purchase or sale of any security or investment for any specific individual. Members should be aware that investment markets have inherent risks and our past performance does not assure the same future results. The stated returns may also include option trades. Protected by copyright laws of the United States and international treaties. This newsletter may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of Wall Street Daily, LLC. 105 W. Monument Street, Baltimore MD 21201.

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Apple has lost its shine? Somebody must polish it

From Digital Life | June 23, 2013

The low stock price of Apple reflects its status of competitiveness in the market.  Its price used to be at $700 last September making Apple shares to be most valued in the world;  however its stock price hovers at about $400 per.

Why is this so?  Nothing much has happened in terms of innovation to improve the product.

Before, Apple, as the challenger redefined the  cellphone market, wresting the lead from Blackberry.  But now Google Android is wresting lead from Apple.  Apple is now unashamedly copying features from other smartphones.  A complete redesign is not forthcoming.

It must work hard to stay competitive.   Read more >>>>>

Fwd: Next Big Future - 3 new articles

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1. If oil prices were to drop the important geopolitical impact would be on Russia
2. What would it take for synthetic biofuels to significantly alter geopolitics ?
3. Joule is making commercial scale direct solar conversion biofuel plants starting in 2014
4. More Recent Articles
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If oil prices were to drop the important geopolitical impact would be on Russia If shale oil, shale gas and synthetic biofuels were to rapidly scale and significantly lower the price of oil this would have interesting geopolitical impacts on Russia. The Iran, Saudi Arabia impacts would also be interesting but a weaker Russian economy would matter more for geopolitics. 20-25% of Russia's GDP is tied to the oil and gas sector.   The importance of oil exports and hydrocarbon exports in general to the Russian economy arises along several channels. Income from crude has accounted for a significant share of Russian export revenues increasing from 25 per cent in 2000 to more than 35 per cent in 2008. Total hydrocarbon exports (inclusive natural gas and petrochemicals) accounted for 65 per cent of total export revenues in 2008. Fjærtoft (2008) found evidence that the price of crude is a key driving force behind Russia's trade flow driven exchange rate. This finding is supported in the present paper. Hydrocarbon exports generated 50 per cent of federal budget revenues in 2008 (EEG 2009) and the governments scope of manoeuvre is directly linked to the price of crude. On a larger scale the oil and gas sector is estimated to account for 20–25 per cent of GDP (Anker and Sonnerby 2008). The oil and gas sector also accounts for an important share of investment demand (World Bank 2008). IEA oil projection to 2035 was for $125/barrel in real terms Global oil demand grows by 7 mb/d to 2020 and exceeds 99 mb/d in 2035, by which time oil prices reach $125/barrel in real terms (over $215/barrel in nominal terms). A surge in unconventional and deepwater oil boosts non-OPEC supply over the current decade, but the world relies increasingly on OPEC after 2020. Iraq accounts for 45% of the growth in global oil production to 2035 and becomes the second-largest global oil exporter, overtaking Russia. Oil demand was projected to increase by 14 percent between now and 2035. Weaker economy and weak demographics could result in a loss of chunks of Siberia to China Russia's greatest geopolitical fear is fed by a very plausible scenario — China, populous and resource-hungry, taking over large chunks of Siberia, part of Russia's failing and emptying East. Hundreds of thousands of Chinese have already crossed the border at the Amur River and set up trading settlements, intermarrying with Russians and Siberia's native nomadic minorities. Russia has a nuclear arsenal with which to fend off formal threats to its sovereignty, but the demographic imbalance is to Russia's disadvantage and could accelerate the economic shift in China's favor. Russia's far eastern outpost of Vladivostok is ever more distant from Moscow. Will it become a Russian enclave in a re-Sinofied "Outer Manchuria," like Kaliningrad, 5,000 miles away on the Baltic Sea, a Soviet fragment stranded inside the European Union? Read more »      • Email to a friend • Article Search • What would it take for synthetic biofuels to significantly alter geopolitics ? Brazil and the United States lead the industrial production of ethanol fuel, accounting together for 87.8 percent of the world's production in 2010, and 87.1 percent in 2011. In 2011 Brazil produced 21.1 billion liters (5.57 billion U.S. liquid gallons), representing 24.9 percent of the world's total ethanol used as fuel.   In 2012, Americans consumed 134 billion gallons of gasoline that contained approximately 13 billion gallons of ethanol (a blend rate of 9.7%), according to the Energy Information Administration. Accounting for ethanol's reduced energy content per gallon -- just 67% of a gallon of gasoline -- we can say that ethanol blending displaced 8.7 billion gallons of gasoline last year. The world consumes over 85 million barrels of oil every day (over 30 billion barrels per year). The USA alone consumes over 20 million barrels per day (over 7 billion barrels per year). The world uses about 600 billion gallons of gasoline. Getting to 10 to 15% ethanol blends worldwide would mean a 60 to 90 billion gallon market for ethanol. Going beyond that level would mean a shift to flexfuel car engines that could handle more pure ethanol. Synthetic biology can directly produce diesel fuel. Massive geopolitical altering success with synthetic biofuels even at 25,000 gallons per acre would require about 3,000,000 acres to get to 75 billion gallons per year. This would just over half of US gasoline usage. Shale oil also has some projections where it gets to those kinds of levels or higher. The price for crude oil would get impacted because of reduced demand. Read more »      • Email to a friend • Article Search • Joule is making commercial scale direct solar conversion biofuel plants starting in 2014 Joule is deploying a revolutionary platform for renewable fuel and chemical production that is expected to eclipse the scalability, productivities and cost efficiency of any known alternative to fossil fuel today.   Joule capitalizes on the global abundance of waste CO2 to economically produce renewable fuels and chemicals. The company's Sunflow™ products drop into conventional fuel blendstock in high percentages, displacing more oil than biofuels and allowing seamless adoption. Manufactured without feedstock constraints or complex processing, Sunflow fuels achieve high volumes and low costs with no dependence on subsidies or precious natural resources. Through its subsidiaries, Joule Unlimited Technologies and Joule Fuels, the company advances both technology development and commercial deployment to achieve market impact as soon as 2015. Commercial scale should be 1000 acre plants. This should mean 25 million gallons per year of Sunflow-E (ethanol replacement). Upon full-scale commercialization, the company ultimately targets 25,000 gallons of Sunflow™-E and 15,000 gallons of Sunflow™-D per acre annually, for as little as $1.28/gallon and $50/barrel respectively (excluding subsidies). These products will directly address the global markets for ethanol and diesel fuel without the economic or environmental consequences of their biomass- or fossil-derived counterparts. Joule has successfully pilot-tested its platform for over two years, commissioned its SunSprings™ demonstration plant, and launched a global subsidiary, Joule Fuels, to deploy fuel production sites worldwide. Construction of the first commercial plants is expected to begin in 2014. To date, renewable hydrocarbon-based fuel substitutes have required the complex, multi-step conversion of algal or other agricultural biomass feedstocks into fuel pre-cursors, and subsequent chemical upgrading. In contrast, Joule has engineered photosynthetic biocatalysts that convert waste CO2 into hydrocarbons through a patented, continuous process. Joule has been successfully scaling its process for making ethanol (Sunflow-E) while also developing long-chain hydrocarbons for diesel (Sunflow-D). With its latest breakthrough, Joule becomes the first company able to directly produce medium-chain hydrocarbons which are substantial components of gasoline (Sunflow-G) and jet fuel (Sunflow-J). Read more »      • Email to a friend • Article Search • More Recent Articles Cellular based precise nutrition production could feed the world using a land area smaller than New York City In 2013 one Gen9 Biofab platform will begin synthesizing as much DNA as the rest of the world and will unleash the potential of Synthetic Biology Vacuum pumps made 300 times smaller and using ten times less power will make better chip scale atomic clocks and microscale vacuum tubes DNA synthesis that is 30 times cheaper, industrially scalable and with fewer errors will help unleash the commercialization of DNA Nanotechnology Electronic Spying is Confirmation of what was long expected and what makes sense

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