Tesla's Balloon

Elon Musk warns about Tesla's stock price

By Hibah Yousuf  @CNNMoneyInvest October 25, 2013: 12:41 PM ET

NEW YORK (CNNMoney)

Tesla investors may be all smiles for now, but CEO Elon Musk is warning them that the stock is overvalued.

Physicists in Australia have become the first researchers to levitate a macroscopic object using lasers.

World's firstlaser levitation could help solve the contradiction of quantum and classicalphysics

By Sebastian Anthony on October 30, 2013 at 11:44 am

Physicists in Australia have become the first researchers to levitate a macroscopic object using lasers. The physicists used three lasers to form a levitational “tripod” that could hold a small mirror in free space. Beyond the inherent awesomeness of optical levitation, the physicists believe that the setup could be used as an incredibly accurate sensor for fickle forces such as gravity, and perhaps ameliorating the greatest contradiction of them all: quantum mechanics vs. general relativity.

Japan’s Floating Wind Turbines Show the Challenges of Renewables

Japan’s Floating Wind Turbines Show the Challenges of Renewables 
By HIROKO TABUCHI
Published: October 24, 2013

There’s a huge amount of wind off the coast of Japan, but harnessing it will be fantastically expensive.

French energy groups create Paris solar power R&D hub

French energy groups create Paris solar power R&D hub 

By Michel Rose
PARIS | Tue Oct 29, 2013 3:17pm EDT

Oct 29 (Reuters) - French energy giants Total and EDF said they were joining forces with French research institutes and schools to create a solar energy research institute south of Paris, with a 150 million euro ($206.5 million) budget.

Claude Bartolone, President of the National Assembly

Tidal Power Plant at Eastport, Maine, U.S. Coast Guard Station

Eastport, Maine, August 26, 2010 - Ocean Renewable Power Company (ORPC) is installing the largest tidal power plant to date in U.S. waters. The Maine-based energy company is using the movement of tides to generate renewable power for the U.S. Coast Guard station in Eastport, Maine. The bay's five-knot tides provide a predictable, clean source of energy.

While tidal water moves more slowly than wind, it provides more force. Tide velocities peak four times a day, and one of ORPC’s innovations is developing the systems to harness that power as the turbine spins at different rates. The power plant will use advanced cross-flow turbines, a permanent magnet generator and a power electric system that transforms the generator’s energy output to grid-suitable electricity.

The barge-based plant uses the power from two turbines to charge large battery packs, which are ferried daily by skiff to the Coast Guard station in Eastport. The battery packs provide roughly 20 kilowatt-hours of power daily, about half of the energy needs of the 41-foot search and rescue boat docked there.

This plant is a small power plant, as it would take 25 such turbines to equal the rated capacity of one average wind turbine.

This “demonstration” project cost $4 million, including more than a million dollars of federal and state support. ORPC is using the data it is gathering to fine-tune a larger installation in Cobscook Bay, planned for 2011. That system, according to the company, should generate enough electricity to power 50 or 60 homes.

Feats of Clay

What is sustainability? Is true sustainability achieved at the local level, in small increments, or at the top with massive multinational corporations? Is sustainability linked to decentralization? Are some measure of sustainability and decentralization prerequisites to both democracy and the emergence of a vibrant civil society?

A case in point may be Mansukhbhai Prajapati, a craftsman based in Gujarat. Prajapati, a high school dropout, has been called a 'true scientist'. His Mitti Cool, a clay refrigerator that works without electricity, has turned the world's attention to simple steps in sustainability.

Presenting the national award to Mansukhbhai in 2009, India’s President Pratibha Patil appreciated his work and asked him for a Mitti Cool. Scientists and journalists from across the world have visited his unit to see how he makes eco-friendly products at a low cost. The simple and unassuming Mansukhbhai has been modestly successful financially, but his ambition is to make more low-cost and eco-friendly products for the masses.

"A good majority of Indians cannot buy a fridge as it is expensive. Besides this, electricity bills and maintenance costs are also high. Mitti Cool is an eco-friendly product which has no maintenance costs. It also retains the original taste of vegetables, says Mansukhbhai who has sold 1500 units so far.

Prajapati’s refrigerator cools naturally without using any electricity. It is ideal for rural areas with an erratic power supply. They are priced from Rs 2,000 (USD 44). The refrigerator has a capacity of 50 liters and its upper portion stores about 20 liters of water, while the section below the water tank has separate space to store fruits, vegetables and milk. The water in the tank keeps the temperature lower in the cabinet so that vegetables and fruits stay fresh for almost five days, while milk can be preserved for three days.

Armed with the success of the Mitti Cool refrigerator, Mansukhlal started experimenting with non-stick tawas (fry pans) and water coolers. For example, the clay water cooler comes with a 0.9 micron candle inside the water storage pot to filter water. Clay is a magical ingredient, Mansukhlal believes, because it's environment-friendly, and also because these natural products don't need electricity to function.

The hottest selling item today from Mansukhlal's Mitti Cool range is the non-stick tawa, which is substantially cheaper than other non-stick utensils. It is again made out of clay and has a Teflon coating, which seeps into the pores of the clay so that it cannot flake off during cooking. Unlike other non-stick cookware available in the Indian market, this one is priced affordably at Rs 50 (USD 1).

And of course simple clay is the very essence of sustainable materials.

China Outpaces the US & EU Combined in Renewable Energy Investments

According to Bloomberg New Energy Finance, China is leading both the US and EU combined in Alternative Energy investment. Caulk it down to governmental certainty in policy matters.

Starting in 2010 China installed a law that requires its utilities to buy renewable power or face stiff penalties. That certainty has caused investors to bet heavily on China.

In the second quarter of 2010 foreign investment in Chinese of wind turbines, solar panels and low-carbon technology increased 72% to $11.5 billion. Investment in China’s Alternative Energy sector totaled $33.9 billion, inclusive of securities transactions, venture capital, private equity and finance, accounted for 33% of total global investments in this sector.

In 2009 China installed 14 GW of wind power alone, far outpacing any other country. This expansion has been fueled primarily with stimulus spending. US stimulus funds, if actually spent, are targeted to add 16 GW of all forms of renewable energy to the US grid. However, energy legislation has stalled in congress, adding to regulatory uncertainties investors have in considering such projects.

The Chinese law is interesting in that it allows citizens to produce and sell power into the national grid. Finland passed similar legislation decades ago with the result that its paper mills now provide 30% of the electricity on its national grid, by tapping into their produced heat on-site to generate electricity.

The lesson here is that stimulus spending alone will not work. Regulatory certainty combined with incentives for private producers are required to pull through Alternative Energy power into the national grid. If a government will loan you money to produce alternative energy, but will not require its power grid to buy it, why would you invest?

Richard Wottrich

Football Field-Wide Wind Power Blades

Norway & Sweden Order Giant GE Wind Power Turbines

Imagine a US football field. Now imagine it slowly spinning in the air over a fiord in Norway. That's about the size of the diameter of new GE wind turbines recently ordered. On Tuesday, GE announced that four 4-megawatt wind turbines will be installed in Rogaland County, on the southwest coast of Norway, in conjunction with the Norwegian energy companies Statoil and Lyse. Assuming that environmental impact studies and funding agreements are successful, GE predicts the turbines will be up and running in 2012.


GE's 4-megawatt wind turbine has a 110-meter rotor diameter. A NFL-regulation football field, including the end zones, is about 109.73 meters.

As with GE's 2.5-megawatt wind turbines, the giant 4-megawatt turbines have direct drive trains that require no gearboxes.

Richard Wottrich

Sustainability & Basic Human Needs

(Outside of Pune, India - Photo:RLW)

The next time you flush your toilet…

India has roughly 1.1 billion people. Well over 700 million of them do not have toilets in the privacy of their own homes. Over 30% of India’s 700,000 villages do not have access to a public latrine. This isn’t a problem for the men. They just walk out of doors whenever they want. It is a problem for women, as they cannot make such a display in public.

So Indian village women walk together in small groups to fields they do not own well outside their villages very early in the morning. Then they hold it all day until the fading light hides their journey in the evening. Often these groups will walk a quarter of a mile or further for privacy, which takes time away from their work day and their children. They cannot go alone, as the owner of the land might harass them, which is embarrassing. Often men will follow them and hide in the bushes and watch, which is humiliating.

This is such an indignity for Indian woman that brides have started to demand an unusual dowry item for matrimony – a toilet. These women see this as a human rights issue.

While in India I walked through several of these rural villages. You can feel the centuries pressing down upon you. I specifically told my Indian business hosts that I wanted to visit a village market and a few small villages. They were perplexed and asked me why. But of course they were men…

Richard Wottrich

"Go Fly A Kite" Takes On New Meaning

Example of an AWE blimp

Wind turbine kites have taken to the skies as a form of Alternative Energy. Inventor JoeBen Bevirt of Joby Energy is mounting a test for a series of large kites that are designed to "harvest" high winds found at high altitudes. Airborne Wind Turbines are part of a wider Alternative Energy Sector known as Airborne Wind Energy Systems (AWE).

The Bevirt airborne wind turbines will fly to around 2000 feet (600m), where they will float, generating power that can be transferred to the ground via a tether.

"Global wind is a tremendous source of energy - carrying nearly 870 terrawatts in global tropospheric winds," says Bevirt. "In comparison, the global demand is 17 terawatts. Harnessing a tiny fraction will transform the way we power our civilization."

As of 2010 no commecially viable kite farms are in operation, but the concepts involved have been contemplated since the 1970s, but was not technically possible. Advances in materials, computing resources and unmanned aerial vehicles have brought the concept closer to reality. As a result, several companies are exploring harvesting wind power at high altitudes.

Magenn Power's Air Rotor System called (MARS) uses a helium filled blimp design. Sky WindPower is building flying electric generators. Kite Gen is focused on creating power kites.

Joby Energy's technology is based upon a large multi-winged kite, similar to a World War I multiwing airplane. Each kite is computer-controlled and can guided remotely to a desired altitude. Flight is controlled by its onboard computer system and harvested electricity is sent down a tether to a substation where it is converted from DC to AC power.

There are risks and limitations to contemplated AWE systems. Kites and 'helicopter' designs must be grounded when there is insufficient wind. Kytoons and blimps could allow fixed positioning. However, bad weather such as lightning or thunderstorms, could temporarily suspend use of the machines, probably requiring them to be brought back down to the ground and covered. Some schemes require a long power cable and, if the turbine is high enough, an aircraft exclusion zone. When the generator is ground-based, the tether need not be conductive.

Sky Windpower estimates that this technology will be capable of producing electricity for $0.02 per KWh, while a system of raising a kite to a high altitude while turning a generator on the ground, and then changing its shape so that it can be drawn back down with less energy than it produced on the way up, has been estimated to be capable of producing electricity for $0.01 per KWh - both numbers being significantly lower than the current price of non-subsidized electricity.

Richard Wottrich

Tracking the Cosmos Via Crystal Clear Blue Ice

ICE CUBE neutrino array suspended in the Antarctica Ice Cap

The Wall Street Journal reported today that a new scientific instrument, called the Ice Cube, is under construction at the South Pole. The $271 million observatory built into the Antarctica ice cap is pointed towards the earth and utilizes it as a screen to stop all particles excepting neutrinos. Ice Cube is funded by the U.S. National Science Foundation.

Neutrinos are almost without mass, have no electric charge and thus can pass through matter "like a hot knife through butter." This means that neutrinos are not affected by gravity or radiation. Hence in theory they can be traced backwards to image the universe in a way that visible light and other forms of radiation cannot achieve. The trick is to see them.

Holes are being melted in the ice cap to a depth of one mile or more. Strings of spherical glass sensors are being hung down the holes like Christmas tree lights - there to freeze in place. Over 5,000 sensors are being suspended in a quarter cubic mile of pure Antarctic ice. The water in this ice is so pure than these sensors can pick up the tell tale miniscule flash of blue light emitted when a neutrino hits a water molecule from several hundred yards away.

The exciting mystery is that no one really knows what these neutrino images of the cosmos will look like.

Richard Wottrich

From Teosinte to Maize to Corn to High-Fructose Corn Syrup in 9,000 Years

For most of the past 100,000 years Homo sapiens relied on gathering fruits, nuts, seeds, tubers and other offerings from nature in order to survive. It was a relatively recent 10,000 years ago that humans began to domesticate and raise animals and plant their own food.

Sean B. Carroll of The New York Times reported in an article on May 25th that the origin of domesticated maize has been determined through advances in DNA research. Corn has of course become an important food globally for humans, livestock and energy. Corn is the third largest food crop in the world behind rice and wheat.

In the past botanists have not found any direct ancestor of modern corn. The biological origin has thus been a bit of a mystery. However through DNA matching it is an unassuming Mexican grass called teosinte that is the Rosetta stone of this puzzle.

Teosinte of the genus Zea is a group of five grasses that grow in Central America and Southern Mexico. Its skinny ears have just a dozen kernels wrapped inside of rock-hard casings, like the tail of an armadillo. It is hard to imagine this plant as the ancestor of corn and in fact in the past it has been classified as closer to rice than to corn.

The DNA evidence taken from teosinte plants throughout its geographical range provides evidence that maize originated in the tropical Central Balsas River Valley in Southern Mexico. It is interesting that the geographical origin of maize is almost a template of the ancient civilizations of Mexico – Olmec, Zapotea, Teotihuacan, Maya, Toltecs and Aztecs. Maize was the mother food of these grand cultures and teosinte is the mother of maize.

It is amazing to me that small groups of people 9,000 years ago were able to select and grow the desirable features of teosinte and evolve it into a high yielding and easily harvested food crop. I thank them for the great American tradition of eating sweet corn with butter and salt on a summer day

And of course today huge industrial farms across our continent grow just a few highly bred varieties of corn for the production of ethanol, feed for cattle and other animals, and for the great crack cocaine food product of the 21st century – High-fructose corn syrup.

Richard Wottrich

Sustainability Begins With a Stable Population

When the United States was born in 1776 the world’s population was perhaps 700 million. At the end of our Civil War in 1865 our global population has grown to roughly 1.4 billion; doubling in less than 100 years. When I was born in 1946 the world’s population had exploded to 2.5 billion. By 1990 it had doubled again to 5.5 billion. It is expected that we will hit 7 billion humans on earth sometime in 2011. So we have grown by an order of magnitude (700 million to 7 billion) in just 235 years.

This might be fine if we were providing a reasonable standard of living for most humans on earth. But we are not. Over 1 billion people are starving to death at any point in time. Over 2 billion people do not have access to potable water or basic medicines. The fact is that almost 30% of humanity lives under conditions that any rational Western citizen would on its face deplore as unacceptable.

This is what makes the national debate about controlling illegal immigration and protecting our borders so puzzling. Any rational analysis would acknowledge that a sovereign nation must and should protect its borders. The United States has one of the most generous immigration policies in the world. We legally allow thousands of people into our country every year. And yet it is somehow deplorable to even mention the multitudes that enter illegally.

The government would have us believe that there are roughly 11 million illegal aliens in America. Even the most casual observer knows this is a laughable number. Other NGOs estimate that the figure may be as high as 20 million; roughly 6.5% of our estimated population of 309 million. Well here is a news flash for you. I would take very long odds that there are least 30 million people in this country illegally; 10% of our population. The sad fact is our government doesn’t know and doesn’t care to know.

Do the math. We just passed a health care reform bill that will dump 30 million people into the healthcare system. It is so big that nobody knows what the cost or long term implications will be. It very well may bankrupt Medicare and Medicaid. And right behind those 30 million people are another 30 million illegal aliens that congress will eventually get around to parsing into amnesty.

The United States is the third most populous nation on earth. For it not to control its borders and stop illegal immigration is folly, and a form of national suicide.
 
Richard Wottrich

Ocean Thermal Energy Conversion

Chart of optimum ocean temperature differentials for OTEC

Chicago — For almost one hundred years the concept of Ocean Thermal Energy Conversion (OTEC) has been understood. OTEC generates electricity by utilizing the temperature differential between sun-warmed surface water and the cold ocean depths.

The concept of a heat engine is well understood in thermodynamics engineering, and much of the energy used around the world passes through a heat engine. A heat engine is a thermodynamic device placed between a high temperature reservoir and a low temperature reservoir. As heat flows from one to the other, the engine converts some of the heat energy to work energy. This principle is used in steam turbines and internal combustion engines, while refrigerators reverse the direction of flow of both the heat and work energy. Rather than using heat energy from the burning of fuel, OTEC power draws on temperature differences caused by the sun's warming of the ocean surface.

Surface water is pumped through a heat exchanger, where it heats a liquid chemical with a low boiling point, such as ammonia, which then expands as it vaporizes. The vaporized gas drives turbine blades that generate electricity. The gas is then piped into a condenser back in the cold deep ocean water, which chills it, returning it to its liquid state so the cycle may be repeated.

Demonstration plants have been built over the years, but OTEC has never been put into commercial operation primarily because of its high cost.

The New York Times has reported this week on Pacific Otec and its efforts with OTEC. For OTEC to be efficient, the technology requires a temperature differential of at least 20 degrees Celsius (36 F), which is available over large expanses of tropical waters. “Every additional degree will help produce 15 percent more energy,” said Philippe Dubau, General Manager of Pacific Otec, a subsidiary of Pacific Petroleum, an oil product distributor in French Polynesia, New Caledonia and Vanuatu that has been moving into the renewable energy sector.

The attractive aspect to OTEC is that it would provide steady power over a 24-hour cycle in a never ending loop, as long as the temperature differential exists.

Pacific Otec, DCNS, the French government-owned naval architect and military shipbuilder, and Xenesys, a Japanese specialist in desalination and thermal energy conversion technology, are working on a feasibility study for a commercial OTEC plant in Tahiti. Financial backing for the project has been provided by the French and French Polynesian governments.

The project envisions building an offshore OTEC platform, with a 10 megawatt-hour generating capacity, which will be connected to the Tahiti power grid and could produce enough electricity to cover 10 percent of the islands’ needs, Mr. Dubau said. The offshore OTEC plant would be 25 meters (80 feet) high and submerged 25 meters below the surface to remain stable in heavy weather. One of the main attractive features of OTEC is the compact footprint it requires as compared to solar and wind power.

As reported by The New York Times, Mr. Dubau said. “This feasibility study is not about the technology; we know it works. We also know the design of the plant is correct. But what we need to do now is to design the optimal energy system, considering local environmental data; to design the integration of the process into the chosen platform type; and, of course, study the economic feasibility of the whole project.”

Richard Wottrich

Who Pays For Alternative Energy?

Government-owned General Motors received huge taxpayer bailout funding, so it can roll out the Chevy Volt at a subsidized cost, to be financed with tax subsidized low interest rates from the old GMAC (now Ally Bank to confuse the public), so that the Volt buyer can receive up to $8,600 in federal tax subsidies when buying the Volt. QUIZ: What is the true cost of the Chevy Volt?

There seems to be a disconnect when politicians begin to wax eloquent on Alternative Energy and “saving” the American people money. Perhaps a look at the facts will help.

Government-owned GM will release its new gasoline-electric combination Volt automobile this year. Nissan will roll out its all-electric Leaf in December.

Pricing will be fairly modest for these cars – perhaps around $25,000 to $30,000. This is because you and I will be paying for the car with a $7,500 federal tax credit. Electric car buyers will also have to pay for a $2,200 charging station, but federal tax credits will pay for half of that cost as well. Various states such as California, Georgia and Tennessee will chip in as much as $5,000 in tax credits as additional incentive.

Thus is born another tax lobby to pressure congress to keep these subsidies up. This is regressive taxation, because all Americans pay for this while initially these cars are little more than toys for wealthy hobbyists.

The fact is that if you power your car with electricity from a coal-fired power plant, you will be releasing more CO2 into the atmosphere than if you owned a Hummer. And half of American electricity is produced from coal. The fact is if you want a more efficient automobile; just add one passenger and you increase its efficiency by 50%. Or drive less.

Meanwhile over in the wind power fantasy, the federal government has authorized the Cape Wind project off shore from Nantucket. Monday this project asked for authority to enter into a 15-year purchasing contract with the utility company National Grid at a price that will cause consumers in that grid to pay $1.59 more per month on an escalating price curve.

This works out to $443 million in extra energy costs, even though this project will contribute very little power to the grid. It does however help the state to meet an arbitrary alternative energy mandate enforced by the state’s Green Communities Act, so the consumer be damned.

And so it goes. Just as the ethanol industry has developed into a huge federal tax subsidy machine to generate profits for private companies, so too will electric vehicles and wind power. Facts are stubborn things.

Richard Wottrich

Center for Nanoscale Materials

This sequence of images demonstrates how nanoparticles linked to antibodies induced cell death in cancerous cells when researchers applied a light source. From the top row: cancer cells after no light, damaged cells 30 minutes after light and cell death 90 minutes after light. Image credit: Nanobio Interface Group at the Center for Nanoscale Materials (E. Rozhkova and I. Ulasov)

Argonne National Laboratory - Richard Wottrich attended a workshop and tour at the Center for Nanoscale Materials today at the Argonne National Laboratory in Argonne, IL USA. The sessions were limited to 20 participants from companies such as Nanophase Technologies Corporation, Cabot Microelectronics, NanoScale Corporation, Dendritic Nanotechnologies and Elevance Renewable Sciences.

Two presentations were made by the CNM’s Nanobio Interfaces Work Group:

Elena A. Rozhkova presented a review of their results and experiments in electron paramagnetic resonance and its application to treatments in cancer.

Elena V. Shevchenko presented a review of their results and experiments in 2- and 3-D nanoparticle assembly and its application to self-replicating crystalline tiling, lattices and applications thereof.

CNM is an extraordinary resource that presents opportunities for basic and advanced research, experimentation and commercialization of new nanotechnology concepts. Corporations interested in the dynamic interaction between CNM and appropriate funding sources should contact Richard Wottrich for further discussion.

Let Them Eat ... Wind

America’s schizophrenic psychosis regarding energy will doom us to losing leadership in Alternative Energy unless we wake up. We all want cheap gasoline and low heating bills, but are not prepared to pay for sustainable energy sources. We would rather that some Third World country despoil their soil rather than drill in our own backyard. NIMBYism is alive and well.

The Obama administration just approved the nation’s first offshore windmill farm, the Cape Wind project. Interior Secretary Ken Salazar approved the 25-square-mile section of Nantucket Sound for a 130 wind mill farm that will provide enough power for 200,000 homes in Massachusetts.

But it took nearly 10 years of fighting to arrive at this point, as everyone from the Kennedy family to local Native American tribes and the Alliance to Protect Nantucket Sound have fought hand over fist to stop the project. Now that the project has the go ahead there are already groups vowing to file additional law suits. It may be another 5 to 10 years before this project is completed.

I have been in many European cities that have windmill farms. In particular Copenhagen comes to mind, where the sea panorama has a necklace of wind mill towers strung down the coast. Not only are these wind farms not intrusive, they actually add interest to an otherwise flat seascape. Beauty is in the eye of the beholder.

And that is the problem really. If wealthy home owners are able to defeat any energy project just because they personally do not like it, then what kind of a national energy policy does that bespeak for America?

Richard Wottrich

Professor Esther Duflo Wins John Bates Clark Medal

Esther Duflo, a professor at the Massachusetts Institute of Technology (MIT), has won the John Bates Clark medal, given to promising economists under the age of 40. Duflo, a 37-year-old native of France, is the Abdul Latif Jameel Professor of Poverty Alleviation and Development Economics at MIT and a director of MIT’s Abdul Latif Jameel Poverty Action Lab (J-PAL). Duflo has pioneered methods of analyzing antipoverty programs worldwide to uncover and determine effective ways to combat poverty.

In conjunction with Harvard University's Kennedy School and Stephen Ryan at MIT, for example, a program was implemented in India where certain teachers were given cameras with time and date stamps. They were instructed to take pictures of their students each morning and afternoon. Teacher absences in these schools dropped overnight and student test scores increased as a result.

In another notable study, Duflo, together with Banerjee and J-PAL’s executive director, Rachel Glennerster, found that the rate at which families in northern India will immunize their children jumps from about 5 percent to nearly 40 percent when parents are offered a small bag of lentils as an incentive.

Duflo founded the Poverty Action Lab in 2003, along with MIT colleagues Abhijit Banergee and Harvard economist Sendhil Mullainnathan.

In recognition of Duflo's accomplishments and humanitarianism, Centercut is delighted to add Esther Duflo to its Centercut Clear Thinker list of notable people who think out of the box.

Richard Wottrich

Sustainability of Humans & World Hunger

Sinhagad Fortress, near Pune, India (Photo:RLW - click on picture)

All this talk about sustainability and alternative energy is rather moot if we cannot even feed the people we have on earth. Over one billion people suffer from chronic hunger, lack of potable water and extreme poverty globally. And these people have children who suffer along with them - the very definition of a living hell on earth.

The Bill & Melinda Gates Foundation is the largest private charitable foundation in the world and it targets these basic problems head on. In 2009 its endowment was worth roughly $33.5 Billion. Warren Buffett has committed to contribute the bulk of Berkshire Hathaway stock to the Bill & Melinda Gates Foundation, which should add another $30 billion.

Bill Gates, co-chair of the Bill & Melinda Gates Foundation, joined representatives of the governments of the United States, Canada, Spain, and South Korea at the U.S. Department of the Treasury today to launch a global trust fund to help the world’s poorest farmers grow more and earn more so they can lift themselves—and their countries—out of hunger and poverty.

Initial contributions to the fund total nearly $900 million, including a $30 million commitment from the foundation. Proposed by the G20 last year after the economic crisis and rising food prices pushed the number of hungry people to 1 billion, the Global Agriculture and Food Security Program is a concrete step to translate $22 billion in food security pledges into action.

“Investing in small farmers is an incredibly effective way to combat hunger and extreme poverty—history has proved it many times,” said Gates, whose foundation has committed $1.5 billion to date to agricultural development. “The launch of this fund is an important step forward, but only a first step. Other countries meeting at the European, G8 and G20 summits in June, and at the U.N. Summit in September should join the four founding partners and make good on their pledges. If we all sustain focus until the job is done, hundreds of millions of people will lead better lives.”

This is worth tracking - worth helping - worthwhile...

Richard Wottrich

FloDesign's wind turbine

(Click on image)

FloDesign Wind Turbine Co. has developed new wind power technology that will shape and shake the industry for years to come.