Showing posts with label Business. Show all posts
Showing posts with label Business. Show all posts

Tuesday, July 29, 2008

BlackLight's physics-defying promise: Cheap power from water

Imagine being able to convert water into a boundless source of cheap energy. That's what BlackLight Power, a 25-employee firm in Cranbury, N.J., says it can do. The only problem: Most scientists say that company's technology violates the basic laws of physics.

Such skepticism doesn't daunt Dr. Randell Mills, a Harvard-trained physician and founder of BlackLight, who recently claimed that he has created a working fuel cell using the world's most pervasive element: the hydrogen found in water.

"This is no longer an academic argument," Mills, 50, insists. "It's proven technology, and we're going to commercialize it as quickly as possible."

For the first time in his company's 19 years of persistent trial and error, Mills says he has a market-ready product: a fuel cell that produces a chemical reaction to alter hydrogen atoms. The fuel cell releases heat that turns water into steam, which drives electric turbines.

The working models in his lab generate 50 kilowatts of electricity - enough to power six or seven houses. But these, Mills says, can be scaled to drive a large, electric power plant. The inventor claims this electricity will cost less than 2 cents per kilowatt-hour, which compares to a national average of 8.9 cents.

More from CNN Money

Saturday, June 21, 2008

Idea of Offshore Drilling Seems to Be Spreading

Gov. Charlie Crist stepped on the third rail of Florida politics this week when he abandoned his opposition to drilling offshore for oil and natural gas. But surprise, surprise, he did not die. His call for cautious reconsideration, in fact, is spreading.

In the Capitol and along the coast here minds once closed to offshore drilling have been cracked open by the prospects of safer drilling technology and an awareness that dependency on foreign oil has heavy costs.

“It’s something we need to do because of the bigger picture,” said State Senator Burt L. Saunders, chairman of the Senate Environmental Preservation and Conservation Committee. “We need more energy independence.”

Governor Crist’s position appears to line up with Senator John McCain’s call for an end to the federal moratorium that prevents coastal drilling. With President Bush now in support, Democrats say the proposal is a gimmick that will blow back against the Republicans.

More from the New York Times

Saturday, June 14, 2008

New Fuel Cell System 'Generates Electricity with Only Water, Air'

Genepax Co Ltd of Japan explained the technologies used in its new fuel cell system "Water Energy System (WES)," which uses water as a fuel and does not emit CO2.

The system can generate power just by supplying water and air to the fuel and air electrodes, respectively, the company said at the press conference, which took place June 12, 2008, at the Osaka Assembly Hall.

The basic power generation mechanism of the new system is similar to that of a normal fuel cell, which uses hydrogen as a fuel. According to Genepax, the main feature of the new system is that it uses the company's membrane electrode assembly (MEA), which contains a material capable of breaking down water into hydrogen and oxygen through a chemical reaction.

Although the production cost is currently about ¥2,000,000 (US$18,522), it can be reduced to ¥500,000 or lower if Genepax succeeds in mass production. The company believes that its fuel cell system can compete with residential solar cell systems if the cost can be reduced to this level.

From TechOn

Finally the Goverment does something good. FCC to tackle some high cell phone fees

The chairman of the Federal Communications Commission laid out a plan Thursday to regulate the high fees that cellular phone companies charge consumers for canceling their contracts early.

FCC Chairman Kevin Martin's proposal was similar to an industry plan put forward last month.

Companies charge early termination fees that can range from $150 to $225 to recover the cost of cell phones, which they subsidize under long-term service contracts, according to wireless companies. The fees also defray costs for signing up new customers, companies said.

Martin's plan would require the fees be related to the actual cost of the phones. A fee for a $50 phone would be higher than for a $5 phone, he said.

Martin said such fees should be pro rated, or reduced over the time of the contract. The nation's two largest wireless carriers have both begun pro rating fees with other national carriers promising to follow.

I hope this goes through.

From AP

Tuesday, June 10, 2008

3 Internet providers agree to block child porn

Internet providers Verizon, Sprint and Time Warner Cable have agreed to block access to child pornography and eliminate the material from their servers, New York's attorney general said Tuesday.

The companies also will pay $1.1 million to help fund efforts to remove the online child porn created and disseminated by users through their services, Attorney General Andrew Cuomo said. The changes will affect customers nationwide.

Investigators said they found 88 newsgroups devoted to child pornography in an investigation over six to eight months. More than 11,000 images were collected using software that identifies child pornography by tracking patterns in the pixels of the images, Cuomo's office said.

Cuomo said the companies acted immediately when told of the concern. He said it was essential to work with the Internet providers rather than trying to prosecute thousands of users.

More from AP

Wednesday, June 4, 2008

Developers of New "Superlattice Structure" Lithium Battery Announce Boost in Electric Car Range - Go 200 Miles

Anyone who has followed the electric car industry over the past few decades has heard that, in addition to lackluster and inconsistent interest by gas-addicted Big Auto, the biggest hurdle facing widespread adoption of cleaner cars has been battery technology.

Now that gas prices are at record highs, it isn't surprising that past months would see various announcements of increased innovation and investment in this area.

Now, North Carolina-based Superlattice Power Inc has announced a successful move toward development of a new cathode material, which the company says "will be incorporated to a Lithium Ion Polymer battery that significantly increases operating voltage range and energy density."

Superlattice Power says its new Lithium Ion Polymer battery would allow electric vehicles to be driven over 200 miles, compared to the current 120 to 140 mile range. They are said to be able to operate at a voltage range of 4.3V to 2V.

More from The Daily Green

Poor people of Ohio Rejoice! Payday loans are not nearly as SHARKY anymore.

Gov. Ted Strickland, of the great state of Ohio, has signed a bill that punches the rapidly growing payday lending industry in the face. As we've mentioned before, the bill will cap interest rates at 28% and limits consumers to 4 payday loans per year. A typical payday loan charges around $15 per $100 borrowed on a 2 week loan, which works out to an interest rate of 391%.

"We will not tolerate individuals being exposed to exorbitant rates, which does contribute to the cycle of indebtedness," Strickland said. In the past decade, payday lending in Ohio has grown from a few hundred stores to over 1,600. The bill will likely cause most of these stores to close and 6,000 people to lose their jobs. Ohio says these jobs aren't worth keeping:

"We want to replace jobs that are taking advantage of people with jobs that help people," said Ohio Senate President Bill Harris, an Ashland Republican.

I wish all of goverment worked like this. Way to go Ohio!

More at the Consumerist

Monday, June 2, 2008

Fuel-friendly and affordable - Here's a list of 10 fun cars that won't cause much of a pinch at the pump

Gasoline prices are setting records just about every day, and people's driving and car-buying habits are changing.

Small, affordable, fuel-efficient cars are selling well, while big pickups and traditional SUVs are dead in the water, auto dealers and manufacturers report.

But don't despair: Just because a car is small and gets great fuel economy doesn't mean it has to be boring.

The editors at kbb.com -- the automotive consumer Web site of the Kelley Blue Book organization -- have announced their annual list of the coolest of cool, affordable cars on the market now.

All are 2008 models except for the Pontiac Vibe, which is an early 2009.

More at Kentucky.com

Thursday, May 29, 2008

Workers shifting to 4-day week to save gasoline

When Ohio's Kent State University offered custodial staff the option of working four days a week instead of five to cut commuting costs, most jumped at the chance, part of a U.S. trend aimed at combating soaring gasoline prices. "We offered it to 94 employees and 78 have taken us up on it," said university spokesman Scott Rainone.

The reason is simple: rising gas prices and a desire to retain good workers. And while so far only the university's custodians are eligible, Rainone hopes the option will be offered to all departments -- including his own.

But the surge in gasoline prices is pushing more private employers as well as local governments to offer a four-day week as a perk that eliminates two commutes a week.

More from Yahoo News

Wednesday, May 28, 2008

Hybrid Technologies Building 220+ MPG Supercar With 'Wild' Horsepower

As if the Silicon Valley sportscar darlings at Tesla didn’t have enough competition from the startup pal it just sued and the company that built the world’s cheapest ride, now EV gurus lurking in the hills of North Carolina are well into R&D on a new green supercar.

Is your mouth not watering over the concept designs pictured above? Well, how do two versions of it sound—a gas-electric hybrid entrant for the Automotive X Prize, and an all-electric for (almost) the rest of us? Yeah, we thought so. Best part: A drivable prototype should be ready by September.

But power under the hood will have to trump a cushy ride: Hybrid Technologies is aiming for a 150- to 180-mi. range per charge from the all-electric model, while the lithium-ion-meets-gas hybrid needs to hit 220 mpg—minimum. And that’s not to mention performance. When we asked Cerven if Hybrid Technologies could hit ZR1-level horsepower equivalent numbers in the mid-600s, he laughed, vaguely adding that we were “way out of the ballpark—it’s gonna be wild.”

Be careful with this one.
More from Popular Mechanics

Monday, May 26, 2008

Toyota Building $192M Green-Car Battery Plant

Toyota is building a $192 million plant in Japan to produce batteries for gas-electric hybrid vehicles, as it seeks to keep its lead in an intensifying race for green cars among the world's automakers.

Toyota's joint venture with Matsushita Electric Industrial Co., which makes Panasonic brand products, is building the plant in Shizuoka prefecture, in central Japan, Toyota spokesman Paul Nolasco said Friday. He declined to give more details.

The plant will produce nickel-metal hydride batteries, now in the company's hit Prius hybrid.

The Nikkei, Japan's top business daily, reported Friday that Toyota was building another plant in Japan to make lithium-ion batteries, set to be running by 2010, for future ecological cars. Nolasco said no decision has been made on such a plant.

Japan's top automaker, which leads the industry in gas-electric hybrids with its hit Prius, has said it will rev up hybrid sales to 1 million a year sometime after 2010.

Hybrids reduce pollution and emissions that are linked to global warming by switching between a gas engine and an electric motor to deliver better mileage than comparable standard cars. But they are still a niche market.

The Prius, which has been on sale for more than a decade, recently reached cumulative sales of 1 million vehicles.

More at HappyNews.com

Thursday, May 22, 2008

9 Summer Offers That Will Give You Gas

The price at the pump isn’t going down soon, but if you’re looking to do some shopping, there just might be some free gas in it for you. Here are some special promotions from 9 companies looking to give you gas.

More at Wisebread

Wednesday, May 21, 2008

Netflix set-top box debuts, looks pretty nice

Finally living up to its name, Netflix today introduced the Netflix Player by Roku, a small piece of hardware that can play any Netflix titles available for Internet streaming. With a cheap price and Netflix's signature subscription model, the Netflix Player brings a new set of rules to the video distribution table.

Manufactured by Silicon Valley startup Roku, the Netflix Player is about the size of a Mac mini and a bit thicker than an Apple TV. The unit impressively includes a full gamut of outputs, including HDMI, component video, S-video, optical audio, and even good ol' fashioned composite RCA jacks. Netflix doesn't want to leave any viewers in the dust just because they haven't sprung for the latest and greatest. The Netflix Player can get online via Ethernet or Wi-Fi 802.11 b/g, and setup reportedly requires not much more than entering a five-digit code the player gives you into your Netflix account.

After that, the movies and TV shows you've queued from Netflix's catalog of 10,000-plus "Watch Instantly" streaming titles appear on your TV, waiting for a command from Roku's notably simple remote. You can browse the rest of the streaming catalog right on your TV and select another title to begin streaming instantly, and titles can also be rated while you browse.

The cost? This is where things get interesting. Roku's Netflix Player is a one-time purchase of $99 (and available now). As long as you subscribe to any Netflix plan costing $8.99 or more, you're ready to stream as much content as you want.

Would you believe I live in a rural area with no broadband? Arrrrggggg!!!!

More from Ars Technica

Sunday, May 18, 2008

Indiana's first commercial wind farm online

A nearly treeless stretch of northern Indiana that once produced only corn and soybeans is now dotted with 87 hulking wind turbines that harvest the region's incessant breezes, generating enough power to light 43,000 homes. The 130-megawatt Benton County Wind Farm -- the state's first commercial power station fueled by the wind -- went online this month about 90 miles northwest of Indianapolis near the Illinois state line. The $250 million project is the first of six Indiana wind farms in the works that will generate a combined 3,000 megawatts, and several other projects are in the planning stage.

Indiana was once deemed unsuitable for wind farms because of the assumed lack of sufficient winds. But its wind potential was uncovered by a series of wind studies by the U.S. Department of Energy's National Renewable Energy Laboratory. The most recent, released in 2006, found that Indiana's winds could produce at least 40,000 megawatts of electricity, or more than twice the state's current generating capacity.

More from The Chicago Tribune

Wednesday, May 14, 2008

‘America's Most Wanted’ notches 1,000th arrest

When he started "America's Most Wanted," John Walsh could point to at least one thing in its favor: Society's swampland of bad people doing bad things would never run dry. On that basis, the show seems a cinch to run forever.

It recently marked 20 years on the air. And this week (9 p.m. EDT Saturday on Fox) it observes another milestone: arrest of the 1,000th fugitive targeted by "AMW" since April 1988 — Dwight Smith, a New York real estate agent accused of murdering a friend over a deal gone awry.

More from MSNBC

Monday, May 12, 2008

New Google Service Makes Web Pages Social

To socialize these days, hundreds of millions of people every month turn to social networking sites such as MySpace or Facebook.

But what if the Web itself worked as a social network?

Google announced today another step in what its engineers see as that inevitable evolution. A new free service from the Mountain View, Calif., tech giant will allow any Web site to become a social site.

More at the Washington Post

Monday, May 5, 2008

What a buy! Guy gets a ferris wheel. He won it on E-Bay.

Round and round it will go, but where it finally ends up no one knows.

The new owner of the Santa Monica Pier's Ferris wheel said he plans to resurrect the attraction in Oklahoma City, though he's not sure exactly where. Grant Humphreys plunked down $132,400 for the ride in a 10-day eBay auction, beating out five others in a bidding war that went back and forth through 35 offers.

"The views from the top are fantastic," Humphreys said, after riding the attraction Sunday with his family.

More from Fox News

Wal-Mart cuts prices on more drugs

In another expansion of its prescription drug program that has helped to increase its pharmacy sales, Wal-Mart Stores Inc. said it's adding 90-day prescription drugs for $10, increasing additional medications for women, and unveiling $4 over-the-counter medicines.

Wal-Mart and its Sam's Club pharmacies will fill prescriptions for as many as 350 generic drugs costing $10 for a 90-day supply. Wal-Mart also is adding $9 women's generic prescription drugs for up to a 30-day supply that are used to treat osteoporosis, breast cancer, menopause and hormone deficiency.

More than 1,000 over-the-counter medications, including its private label Equate brand versions of drugs such as Zantac, Pepcid and Claritin as well as its Spring Valley private label prenatal vitamins, also will be priced at $4 or less, a price rollback of up to $7, Wal-Mart said.
More from Marketwatch


Saturday, May 3, 2008

Fed OKs plan to rein in unfair, deceptive credit cards

The Federal Reserve and other regulators initiated steps Friday to end "unfair and deceptive" credit card industry practices assailing consumers who are already struggling to cope in a bad economy.

The proposed rules would be the biggest clampdown on the industry in decades, aiming at protecting people from credit card companies that arbitrarily raise interest rates or don't give borrowers adequate time to pay their bills.

The proposals would also restrict such lender practices as allocating all payments to balances with lower interest rates when a borrower has balances with different rates. The Fed board voted Friday to approve the recommendations.
More from Yahoo News