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The Future is Theirs

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If you are worried about the future of the US or the world, you need to attend a FIRST Robotics Challenge Competition.  Your worries will dissolve into cheers for the moment and tears for the sheer beauty of kids doing amazing things – challenged and coached appropriately.

This year’s challenge isn’t quite the “hockey with robots” that we are used to.  They have to stack bins and put a heavy container on top of them, a feat that challenges them to power great forces with intricate precision.   It takes strategy, planning, and a lot of learning how to use power saws and drills. But the Great River School team 2491 No Mythic is hitting the challenge with great energy and determination. It’s also a lot of fun.

A study came out that says a little more about letting kids go off and do what might seem dangerous, even at an early age. It seems to fit with what I’ve seen at Robotics League.

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Audit the Fed?

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This is not an ordinary election year in many ways. For one, it’s not really an election year – the actual voting doesn’t happen until 2016. It’s also going to be the first Presidential election without Obama since 2004 as the White House becomes open.

But more importantly, everyone seems to understand that the economy and the politics of this nation are both changing. Stuff is seriously up for grabs.  A desperate cry for attention might make all the difference.

Enter into this a bid for more Congressional oversight of the Federal Reserve, an idea backed by no less than 30 Senators, 3 of which are clearly running for President. It seems like a good idea all around – what can be wrong with more oversight? That depends on what’s being overlooked now, of course, and what can be done with existing law.

Plus, of course, we have the omnipresent Fed itself. Does it need to be reigned in?

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The Expectations Game

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Investment is a tricky thing. You put up a lot of money in the expectation that you’ll have a small return year over year. Currently, the expected rate of return is historically small in the developed world, on the order of a few percent. It has to be weighed against the risk that the initial investment will never be paid back, winding up in default.

The slowdown in the global economy is not actually a decline in output all over the world, but a pause in the rate of growth. It wasn’t expected, either, which is the real problem. The developed world is largely stagnant, save some hope in the US for better times ahead. The developing world need to catch up, but appears to be taking a breather after a tremendous run.

As we consider the next few years and the potential for a genuine boom ahead, it is becoming clearer that we aren’t ready for anything more than muddling through until there is a reckoning and a realization of how the next economy will work – for everyone. That will take some patience and public investment all over the world.

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The Check is … Against the Boards?

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With a 5-4 win in overtime, the Minnesota Wild beat the Colorado Avalanche, achieving more than the trophy for teams that don’t end in “s”. They advanced to the next round of the playoffs, against the defending Stanley Cup holders Chicago Blackhawks in the resumption of an intense Midwest rivalry.

They also made a great stride towards the team actually breaking even this year.

As any true fan of the game knows, the playoffs bring out the fair weather fans – a term that in the hockey season applies far too literally. But there is a lot more to the game than who wins on the ice. There’s a lot of money flowing through the NHL, and I do mean flowing. Hardly any stays. It’s a great benefit to the city of St Paul, or at least my neighborhood on West Seventh Street, but how does a team stay on the ice? It’s almost amazing.

Let’s talk about the future of the NHL as the Wild has a pretty decent chance at bringing the Stanley Cup to St Paul for the next year.

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Bezos Buys Post, Speculation Rampant

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When Amazon’s Jeff Bezos was announced as the future owner of the Washington Post, the world was curious.  After a little bit of time passed, the deacons of professional journalism did what they often decry – worked themselves into a tizzy of speculation.  Notable press critic Jay Rosen of NYU noted that Amazon booted Wikileaks off of its servers as soon as the government asked them to.  “That’s not answering the bell for freedom of information. That’s doing what the surveillance state requires, and relying on a legalism to justify it,” he wrote.

Others have been more alarmist.  The Post’s own Allan Sloan asked in an op-ed for more disclosure of Bezos’ personal politics:  “I’d at least like to hear from Bezos what his beliefs are and to have him reconcile the question of his being a libertarian who’s benefited immensely from taxpayers’ R&D money.”

What are Bezos’ plans and more importantly the philosophy that guided him to buy the Post?  We will find out.  But there may be much less to it than something to fear.

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