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Second Life Founder Launches New Alternative Currency

  • Posted on May 19, 2011 at 12:46 pm

CoffeeandPower utilizes a virtual currency. Users who sign up and give their cellphone numbers so they can receive SMS updates are automatically seeded with C$20 to get started. C$ is exchanged when goods are bought and sold. More can be purchased (at an exchange rate of US$0.75 for C$1) and users will be able to “cash out” as well. As many of the transactions on the site might be quite small, the virtual currency will help minimize transaction fees for every exchange. In other words, you can earn from C$ and then buy things on from other users without any fees.

Second, CoffeeandPower really emphasizes the community around this marketplace. That’s not a surprise when you think of Philip Rosedale’s work in creating the virtual world Second Life and its online community and economy. Users will be able to chat with each other, both in a public timeline and in private messaging and video chat.

ReadWriteWeb: Second Life Co-founder’s New Project CoffeeandPower: Exchange Virtual Currency for Real-World Tasks

From http://technoccult.net/archives/2011/05/19/second-life-founder-launches-new-alternative-currency/

Is the Green-Collar Dream Dead?

  • Posted on January 18, 2011 at 10:22 am

green collar jobs Is the Green Collar Dream Dead?

Evergreen Solar announced last week that it was closing its plant in Devens, Mass., laying off 800 workers, and moving production to China.

Evergreen’s factory had received more than $40 million in subsidies, which led many to see the plant closing as lesson in the futility of green energy and industrial policy. But what does Evergreen’s story really teach us about solar energy, public subsidies and the future of American manufacturing? [...]

America has had many high-tech breakthroughs over the last half-century, but those innovations rarely provided abundant employment for the less educated workers who need jobs most. The Devens closing reminds us that even when ideas are “made in America,” production is almost always cheaper in China.

Failed public investments, like the money spent in Devens, reflect the fact that public officials are rarely skilled venture capitalists and that governments pursue many objectives that lead them away from solid investments. It’s easy to see why any governor would be excited about a green-energy manufacturing plant in a less prosperous area of his or her state. But the same forces that made Devens political catnip meant that it was unlikely to be a long-term success.

Economix: Why Green Energy Can’t Power a Job Engine

My quick take: Governments should invest in infrastructure and people (education, health care, etc.), not in companies.

Also, green collar jobs, if they are to come from anywhere, will largely come from infrastructural investment: installing solar panels, renovating buildings, etc. Not from subsidizing corporations.

From http://feedproxy.google.com/~r/Technoccult/~3/2jGANJkYfXI/

Douglas Coupland’s Pessimistic Guide to the Next 10 Years

  • Posted on October 12, 2010 at 8:04 am

Douglas Coupland - the future is now

1) It’s going to get worse
2) The future isn’t going to feel futuristic
3) The future is going to happen no matter what we do. The future will feel even faster than it does now
4)Move to Vancouver, San Diego, Shannon or Liverpool
5) You’ll spend a lot of your time feeling like a dog leashed to a pole outside the grocery store – separation anxiety will become your permanent state
6) The middle class is over. It’s not coming back
7) Retail will start to resemble Mexican drugstores
8) Try to live near a subway entrance
9) The suburbs are doomed, especially thoseE.T. , California-style suburbs
10) In the same way you can never go backward to a slower computer, you can never go backward to a lessened state of connectedness
11) Old people won’t be quite so clueless
12) Expect less
13) Enjoy lettuce while you still can
14) Something smarter than us is going to emerge
15) Make sure you’ve got someone to change your diaper

Globe and Mail: A radical pessimist’s guide to the next 10 years

That’s just the first 15 – there are 45 total, most with some elaboration.

If that’s too pessimistic for you, check out A Happy Mutants Guide to the Near Future.

From http://feedproxy.google.com/~r/Technoccult/~3/p7Sw3kTzY-U/

Infrastructure Still Crumbling – So What Do We Do About It?

  • Posted on August 10, 2010 at 3:01 pm

crumbling bridge

The American Society of Civil Engineers (ASCE) has released its 2009 Report Card for American Infrastructure, and the results are grim. The association gave the most powerful nation in the world an overall grade of D, and stated that it would take a five-year investment of $2.2 trillion to bring the U.S. up to par with the rest of its class—the world’s major postindustrial nations.

The Architect’s Newspaper: State of Disrepair

(via Brainsturbator)

What exactly can be done about it, other than spending massive amounts of public funds and ratcheting up an already astronomical deficit?

The obvious libertarian answer I can think of is: sell off all private infrastructure and issue tax refunds for it. Let the private companies who purchase it deal with it. At this point it doesn’t seem like that’s any worse an option than letting it all rot. Certainly there’d be a lot of questions regarding access to essential infrastructure. And if, say, the entire interstate highway system were privatized I’m sure that would open things up to all sorts of highly entertaining anti-competitive actions on the part of its owners.

But I have to admit I sort of relish the idea of seeing how tea partiers feel about paying road tolls (and seeing how self-righteous non-motorists, the type who think it’s unfair that they’re taxed for roads they supposedly don’t use, react to increased food costs). And hell, it might actually cause megacorporations that currently avoid paying much in taxes actually have to shell out something for the roads they use.

But even if there was the political will, could that even happen? Are there companies out there that would be willing to buy up all our roads, bridges, and other public infrastructure? Would it be profitable to maintain?

And what about existing private infrastructure? According to The Architect’s Newspaper, over 85% of levees are privately owned and they still got a D from the ASCE. How much of the infrastructure ASCE evaluated is privately owned to start with?

What other other options are on the table? A government-backed scrip for infrastructure work? Even if we’re at 20-25% real unemployment, I’m not sure that’s bad enough to get modern Americans to work on infrastructure projects for scrip and for small businesses to honor it. But I could be wrong.

What about revolution? It’s always a possibility, but it also seems far from happening. I have been thinking though that if there were to be a revolution in the the States, it would have to start with seizing infrastructure, which is our real “means of production.”

What else can be done?

Flickr search for “crumbling infrastructure”

Photo by Michelle Soulier / CC

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From http://technoccult.net/archives/2010/08/10/infrastructure-still-crumbling-so-what-do-we-do-about-it/

With Asian Industry Astir, More Job-Seekers Go East

  • Posted on August 2, 2010 at 9:57 am

Hong Kong Central

In Hong Kong, the recruiting firm Ambition estimates that the number of résumés arriving from the United States and Europe has risen 20 to 30 percent since 2008. These now make up about two-thirds of the more than 600 résumés its Hong Kong office gets every month, said Matthew Hill, Ambition’s managing director for the city. Similarly, at eFinancialCareers, an online job site, applications for positions based in Singapore and Hong Kong have jumped nearly 50 percent in the last year, its Asia-Pacific chief, George McFerran, said.

Landing a position in Asia, though, is not just a matter of being willing to make a new life halfway around the world. Many employers prefer candidates who have track records in the region and who bring language skills and local contacts to the job.

Mike Game, chief executive in Asia for Hudson, an international recruitment agency, said the number of Westerners actually making the move was still fairly small. Many employers, he said, are more demanding than they were during the economic peak of 2007 and are “setting the bar very high in terms of what they want.”

New York Times: With Asian Industry Astir, More Job-Seekers Go East

(via Chris 23)

Photo by Jacksoncam (CC)

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From http://technoccult.net/archives/2010/08/02/job-seekers-go-east/