Musk Poured PayPal Money into SpaceX and Tesla

(p. A15) Mr. Musk’s first success was X.com, an email payment company. It merged with Peter Thiel’s Confinity to form PayPal–and avoid competition. They had the market to themselves for a long time because fraud, especially from Eastern Europe, was so rampant on early internet payment platforms. They solved the fraud problem and enjoyed an uncontested market, eventually selling for $1.5 billion to eBay .
Then Mr. Musk headed further into the future. He took the nine-figure payout from PayPal and pushed ahead with SpaceX, Tesla and Solar City. Literally his last $20 million went to Tesla in 2008. “I was tapped out. I had to borrow money for rent after that,” he later recalled.
. . .
[Google’s Larry] Page reportedly once told a venture capitalist, “You know, if I were to get hit by a bus today, I should leave all of it to Elon Musk.” He later explained to Charlie Rose he liked Mr. Musk’s idea of going to Mars “to back up humanity.” Good luck with that. But then again, I would love to see them try.

For the full commentary, see:
Andy Kessler. ”Elon Musk’s Uncontested 3-Pointers; What does the Tesla and SpaceX founder have in common with Stephen Curry?” The Wall Street Journal (Mon., Feb. 26, 2018): A15.
(Note: ellipsis, and bracketed words, added.)
(Note: the online version of the commentary has the date Feb. 25, 2018.)

Sri Lanka Encourages Poachers to Kill Elephants

In my micro principles class each semester, I recount the argument in a text by Baumol and Blinder, that if governments want to save elephants, they would not crush or burn their ivory, they would supply it to the market, reducing the price, and hence reducing the incentives for poachers to kill elephants.

(p. A4) COLOMBO, Sri Lanka — A group of saffron-robed monks chanted as officials crushed more than 300 elephant tusks in a seaside ceremony on Tuesday [January 26, 2016], as the new government of President Maithripala Sirisena sought to differentiate itself from its predecessor by sending a powerful message of intolerance for elephant poaching.
. . .
The ceremonial crushing of the 359 tusks began with two minutes of silence, after which the group of Buddhist monks chanted prayers for a “rebirth without suffering” for the elephants killed. In a show of religious solidarity, Hindu, Christian and Muslim leaders joined the monks in their prayers.
After the ceremony, the crushed ivory was transported to a factory in Puttalam, a district in the island’s northwest, for incineration, government officials said.

For the full story, see:
DHARISHA BASTIANS and GEETA ANAND. “Sri Lanka Destroys an Illegal Ivory Cache.” The New York Times (Weds., January 27, 2016): A4.
(Note: ellipsis added.)
(Note: the online version of the story has the date JAN. 26, 2016, and has the title “Sri Lanka Destroys Illegal Elephant Tusks.”)

Environmentalists Deprive the Poor of Cool Comfort

(p. A1) DELHI — A thrill goes down Lane 12, C Block, Kamalpur every time another working-class family brings home its first air-conditioner. Switched on for a few hours, usually to cool a room where the whole family sleeps, it transforms life in this suffocating concrete labyrinth where the heat reached 117 degrees in May.
“You wake up totally fresh,” exulted Kaushilya Devi, a housewife, whose husband bought a unit in May. “I wouldn’t say we are middle class,” she said. “But we are closer.”
But 3,700 miles away, in Kigali, Rwanda, negotiators from more than 170 countries gathered this week to complete an accord that would phase out the use of heat-trapping hydrofluorocarbons, or HFCs, worldwide, and with them the cheapest air-conditioners that are just coming within reach of people like Ms. Devi.
. . .
(p. A8) Sandhya Chauhan and her family live in two musty, windowless subterranean rooms, which turn stifling on summer nights, leaving six sweat-soaked adults to fidget, toss and pace until morning. They have lived there for 20 years, unable to find other lodging on the household’s combined earnings of around 30,000 rupees a month, or less than $450.
But it was never as awful as this May, when temperatures crept so high that Ms. Chauhan’s friends speculated that the earth was colliding with the sun. After a doctor warned Mrs. Chauhan that heat exhaustion was affecting their oldest son’s health, her husband bought an air-conditioner on credit. Though they are hardly middle class — “we have never let this thought cross our minds,” Mrs. Chauhan said — the purchase has changed the way they see themselves.
“My children sleep in peace,” she said. “There was a sense of happiness from inside. There was a sense that father has done a great job.”
Among the changes that have come with increasing wealth, Ms. Devi said, is the confidence to spend on the family’s comfort, rather than squirreling every bit of savings away.
“Education is teaching people to take care of themselves,” she said. “Now that we are used to air-conditioners, we will never go back.”

For the full story, see:
ELLEN BARRY and CORAL DAVENPORT. “A Climate Deal Could Push Air-Conditioning Out of India’s Reach.” The New York Times (Thurs., October 13, 2016): A1 & A8.
(Note: ellipsis added.)
(Note: the online version of the story has the date OCT. 12, 2016, and has the title “Emerging Climate Accord Could Push A/C Out of Sweltering India’s Reach.” The online version of the article says that the New York edition had the headline “Accord May Push Air-Conditioning Out of India’s Reach” and appeared on p. A12. In my paper, which is probably the midwest edition, the title was as cited in the main citation above, and appeared on pp. A1 and A8.)

Innovations Make Internal Combustion Engines Much More Efficient

(p. B4) . . . gas- and diesel-powered engines are not done yet. Just as electrified cars — whether hybrids or pure battery-powered models — seem headed for market dominance, Mazda announced a breakthrough in gasoline engines that could make them far more efficient. It is the latest plot twist in a century of improvements for internal combustion engines, a power source pronounced dead many times that has persisted nevertheless.
. . .
Mazda said it had made a big advance in a combustion method commonly known as homogeneous charge compression ignition, which would result in gasoline engines that are 20 to 30 percent more efficient than the company’s best existing engines. Researchers around the world have tried to crack this process for years, but it has never really left the laboratory.
Mazda, which now markets no hybrid vehicles, calls the engine Skyactiv-X and says it is scheduled for a 2019 introduction. In simplest terms, the big difference with the new engine is that under certain running conditions, the gasoline is ignited without the use of spark plugs. Instead, combustion is set off by the extreme heat in the cylinder that results from the piston inside the engine traveling upward and compressing air trapped inside, the same method diesel engines use. The efficiency gains come with the ability to operate using a very lean mixture — very little gas for the amount of air — that a typical spark-ignition engine cannot burn cleanly.

For the full story, see:
NORMAN MAYERSOHN. “Advances Mean Plenty of Life Left for Internal Combustion Engine.” The New York Times (Fri., August 18, 2017): B4.
(Note: ellipses added.)
(Note: the online version of the story has the date AUG. 17, 2017, and has the title “WHEELS; The Internal Combustion Engine Is Not Dead Yet.”)

NYC Fee for Plastic Bags Is “a Tax on the Poor and the Middle Class”

(p. A18) The ubiquitous, easily torn, often doubled-up plastic bags from the grocery store — hoarded by dog owners, despised by the environmentally concerned and occasionally caught in trees — will soon cost at least a nickel in New York City.
The City Council voted 28 to 20 on Thursday to require certain retailers to collect a fee on each carryout bag, paper or plastic, with some exceptions. Mayor Bill de Blasio has expressed support for the measure.
. . .
Mr. Bloomberg offered a proposal in 2008 for a 6-cent bag fee — 5 cents for stores; a penny for the city — before dropping it several months later amid strong opposition. At the time, one of the opponents on the Council was Simcha Felder, a Brooklyn Democrat who is now a state senator. Last month, Senator Felder introduced a bill that would prohibit the levying of local fees on bags; it passed a committee this week.
In discussing his opposition this week, Mr. Felder traced the 200-year history of how people have carried their groceries home, progressing from cloth bags to boxes to paper to plastic, and said that reusing bags presented a health hazard. He said he would hold a hearing on his bill in the city next month.
“That’s nothing less than a tax on the poor and the middle class — the most disadvantaged people,” he said.
Opposition to the measure has also come from the plastic bag industry — via its lobbying arm, the American Progressive Bag Alliance — as well as from those who, like Mr. Felder, said the fee amounted to a regressive tax, disproportionately affecting low-income and minority New Yorkers . . . .

For the full story, see:
J. DAVID GOODMAN. “Council Approves a Fee on Checkout Bags.” The New York Times (Fri., May 6, 2016): A18.
(Note: ellipsis added.)
(Note: the online version of the story has the date MAY 5, 2016, and has the title “5¢ Fee on Plastic Bags Is Approved by New York City Council.”)

Weather Channel Entrepreneur Was a Global Warming Skeptic

(p. B1) John S. Coleman, a co-founder of the Weather Channel, the original meteorologist on ABC’s “Good Morning America” and, later in his career, a vocal climate change skeptic, died on Saturday [January 20, 2018] at Summerlin Hospital Medical Center in Las Vegas. He was 83.
. . .
His career took him through broadcast positions in Omaha, Milwaukee and Peoria, Ill. He joined the fledgling “Good Morning America” in 1975 and stayed for seven years.
“He was sort of a weather rock star at the time,” said Joseph D’Aleo, whom Mr. Coleman recruited out of academia to lend a hand at “Good Morning America” and to help him develop his idea for a 24-7 weather channel.
“He was dedicated to everything he did; he’d sometimes take off after the morning shows, get on an airplane, go halfway across the country and meet with venture capitalists to present his idea,” Mr. D’Aleo said in an interview.
But after a year of false starts, Mr. D’Aleo said, Mr. Coleman “felt a little bit like Sancho Panza behind Don Quixote and his impossible dream.”
. . .
The American Meteorological Society named Mr. Coleman broadcast meteorologist of the year in 1983, citing his “many years of service in presenting weather reports of high informational, educational and professional quality.”
. . .
By the time he retired in 2014, he had become a lightning rod for controversy over his views on climate change.
At the top of his personal blog, he wrote: “There is no significant man-made global warming at this time, there has not been any in the past and there is no reason to fear any in the future.”

For the full obituary, see:
TIFFANY Hsu. “John Coleman, 83, TV Weather Pioneer.” The New York Times (Weds., January 24, 2018): B14.
(Note: ellipses, and bracketed date, added.)
(Note: the online version of the obituary has the date JAN. 21, 2018, and has the title “John S. Coleman, Weather Channel Co-Founder, Dies at 83.”)

“New Jerseyans Are More Flammable than People in the Other 49 States”

(p. A17) At 12:01 a.m. on Jan. 1, New Jersey became the last state in the nation where drivers are not allowed to pump their own gasoline around the clock.
. . .
It is a distinction that makes Declan J. O’Scanlon Jr., a state lawmaker, spout frustration by the gallon.
“It’s ridiculous,” said Mr. O’Scanlon, a Republican assemblyman from Monmouth County who will soon take a seat in the State Senate. “If I want to pull in, get in and out quickly, I should be able to do so.”
Mr. O’Scanlon said that he frequently pumps his own gas, ignoring the Retail Gasoline Dispensing Safety Act of 1949, the statute that first forbade civilians from putting their grubby hands on the nozzle.
. . .
New Jersey legislators cited safety concerns when they passed the original law that barred residents from pumping gas almost 70 years ago. But when gas station owners challenged the ban in 1951, the state’s Supreme Court ruled that self-serve was indeed “dangerous in use.” And the ban held up, despite attempts to fight it in the 1980s.
In the rest of the country, self-service stations became the norm. Safer unleaded gasoline became more common, thanks to federal regulations, as did pumps that accepted credit cards. In most of the United States, that spelled the end of an era when attendants offered to wipe your windshield and check your oil while the tank filled up and you fumbled for a tip.
Mr. O’Scanlon is undeterred by the dual weights of history and public opinion. He said that he may bring a new proposal this year, just to keep the conversation alive. He said that economic arguments about jobs and safety are absurd, given that drivers in other states have been pumping their own gas for decades and lived to tell the tale.
“The only thing you could argue is that New Jerseyans are more flammable than people in the other 49 states,” he said. “Because we eat so much oily pizza, funnel cake and fries, maybe you could make that argument. Otherwise, it’s simply ridiculous.”

For the full story, see:
JONAH ENGEL BROMWICH. “New Jersey Is Last State to Insist at Gas Stations: Don’t Touch That Pump.” The New York Times (Sat., JAN. 6, 2018): A17.
(Note: ellipses added.)
(Note: the online version of the story has the date JAN. 5, 2018.)

Why People Have Trouble Taking Global Warming Seriously

(p. A15) It was only getting worse here and all across the Northeast in the wake of a “bomb cyclone” that turned Boston streets into an Arctic sea and left three-foot snowdrifts across New England. Weather forecasters were predicting temperature lows that could shatter century-old records in Worcester, Mass., Hartford and elsewhere.
Millions of people from Florida to Maine were left shivering as schools closed and flights were canceled this week. Officials said that seven deaths appeared to be tied to the weather.
Windows splintered. Car batteries died. Along the Maine coastline, the flooding left icebergs in people’s yards. Ice fishermen had to keep their smelt bait close to them for fear it would freeze solid. Even snowmobiles coughed and sputtered and refused to start.
Across this American tundra, people called their heating-oil companies for emergency supplies and sat stranded on the sides of roads as tow-truck companies reported five-hour wait times to jump-start a dead battery or tow away a snowbound car. People slept in winter coats and debated whether wool, cotton or silk made for the best long underwear.

For the full story, see:
JESS BIDGOOD, KATHARINE Q. SEELYE and JACK HEALY. “The Big Payoff At the Summit: Frozen Misery.” The New York Times (Sat., January 6, 2018): A1 & A15.
(Note: the online version of the story has the date JAN. 5, 2018, and has the title “An Eyelash-Freezing ‘Icy Hell’: The One Spot That Could Feel Like Minus 100.”)

Badly Understood Starfish Causes Half of Great Barrier Reef Decline

(p. A9) BYRON BAY, Australia — The Great Barrier Reef is literally being eaten alive.
. . .
One study found that between 1985 and 2012, the reef lost an average of 50 percent of its coral cover. Starfish predation was responsible for almost half that decline, along with tropical cyclones and bleaching.
The cause of the outbreak is unknown. One hypothesis is that currents are bringing nutrient-rich water from the deep sea up into the shelf, which correlates with starfish larvae growth.
. . .
Coral reefs are constantly undergoing change, and they follow a cycle of death and renewal, said Hugh Sweatman, a scientist from the Australian Institute of Marine Sciences.

For the full story, see:
ISABELLA KWAI. “A Voracious Starfish Is Destroying the Great Barrier Reef.” The New York Times (Sat., JAN. 6, 2018): A9.
(Note: ellipses added.)
(Note: the online version of the story has the date JAN. 5, 2018.)

The academic study mentioned above, is:
De’ath, Glenn, Katharina E. Fabricius, Hugh Sweatman, and Marji Puotinen. “The 27-Year Decline of Coral Cover on the Great Barrier Reef and Its Causes.” Proceedings of the National Academy of Sciences of the United States of America 109, no. 44 (Oct. 30, 2012): 17995-99.

Rise in Cobalt Price Will Increase Quantity Supplied, and Increase Search for Substitutes

(p. B14) . . . the dreaded shortage of cobalt, which is used in the cathode of the batteries, is a bit more complicated than industry projections would suggest.
. . .
Like cobalt, rare earths aren’t so rare. China’s move to restrict exports in 2010 exacerbated the perceived shortage, sending the prices of some varieties up 10-fold. Companies such as Molycorp, Rare Element Resources Ltd. and Quest Rare Mineral Ltd., which all had some connection to reserves, saw their shares surge based on supposedly rosy prospects. Since then, all have lost nearly all of their value.
Already, Mr. Heppel explains, other users of the metal, for example in the pigments industry, are searching for alternatives. Meanwhile, some batteries, such as a design by Tesla, use less of the metal. Lower-performing batteries use none at all, and those batteries’ capabilities may improve with technological tweaks.
Supply will react too. Companies that operate copper and nickel mines, where cobalt is co-produced, are targeting expansion, and there are some pure-play cobalt mines being planned that could start producing shortly after the projected shortage hits.
For electric vehicles, this looks more like a speed bump than a cliff.

For the full commentary, see:
Spencer Jakab. “Will a Shortage of Cobalt Kill Electric-Vehicle Makers?” The Wall Street Journal (Thurs., Nov. 30, 2017): B14.
(Note: ellipses added.)
(Note: the online version of the commentary has the date Nov. 28, 2017, and has the title “Will Tesla Die for Lack of Cobalt?.”)

“Sea-Level Projections Too High” from Global Warming

(p. A10) In the summer of 2015, two New York Times journalists joined a team of researchers in Greenland that was conducting a unique experiment: directly measuring a river of meltwater runoff on the top of the ice.
Now, the scientists have published the results of that work. A key finding — that not as much meltwater flows immediately through the ice sheet and drains to the ocean as previously estimated — may have implications for sea-level rise, one of the major effects of climate change.
The scientists say it appears that some of the meltwater is retained in porous ice instead of flowing to the bottom of the ice sheet and out to sea.
“It’s always treated as a parking lot, water runs straight off,” said Laurence C. Smith, a geographer at the University of California, Los Angeles who led the field work in 2015. “What we found is that it appears there is water retention.”
“It’s plausible that this is quite an important process, which could render sea-level projections too high,” he added.
There’s still much that remains unknown about the ice sheet, which at roughly 650,000 square miles is more than twice the size of Texas.
. . .
When he first sent the results to modelers, Dr. Smith said, “they couldn’t believe it.” After months of back-and-forth, Dr. Smith and his colleagues concluded that the model estimates were accurate, but there was something else going on with some of the meltwater. “What is missing,” he said, “is a physical process that is not currently considered by the models — water retention in ice.”
. . .
“If there’s a mismatch between observation and model,” Dr. Tedesco said, “that means the model is moving the mass in one way or another and not respecting the way things happen in the real world.”

For the full story, see:
HENRY FOUNTAIN AND DEREK WATKINS . “As Greenland Melts, Where’s the Water Going?” The New York Times (Mon., DEC. 13, 2017): A10.
(Note: ellipses added.)
(Note: the online version of the story has the date DEC. 5 [sic], 2017.)

The published article presenting the results briefly mentioned above, is:
Smith, Laurence C., Kang Yang, Lincoln H. Pitcher, Brandon T. Overstreet, Vena W. Chu, Åsa K. Rennermalm, Jonathan C. Ryan, Matthew G. Cooper, Colin J. Gleason, Marco Tedesco, Jeyavinoth Jeyaratnam, Dirk van As, Michiel R. van den Broeke, Willem Jan van de Berg, Brice Noel, Peter L. Langen, Richard I. Cullather, Bin Zhao, Michael J. Willis, Alun Hubbard, Jason E. Box, Brittany A. Jenner, and Alberto E. Behar. “Direct Measurements of Meltwater Runoff on the Greenland Ice Sheet Surface.” Proceedings of the National Academy of Sciences of the United States of America 114, no. 50 (2017): E10622-E31.