Archive for February, 2010
An incisive look at the global economic crisis, our flawed response, and the implications for the world’s future prosperity. The Great Recession, as it has come to be called, has impacted more people worldwide than any crisis since the Great Depression. Flawed government policy and unscrupulous personal and corporate behavior in the United States created the current financial meltdown, which was exported across the globe with devastating consequences. The crisis has sparked an essential debate about America’s economic missteps, the soundness of this country’s economy, and even the appropriate shape of a capitalist system.
Few are more qualified to comment during this turbulent time than Joseph E. Stiglitz. Winner of the 2001 Nobel Prize in Economics, Stiglitz is “an insanely great economist, in ways you can’t really appreciate unless you’re deep into the field” (Paul Krugman, New York Times). In Freefall, Stiglitz traces the origins of the Great Recession, eschewing easy answers and demolishing the contention that America needs more billion-dollar bailouts and free passes to those “too big to fail,” while also outlining the alternatives and revealing that even now there are choices ahead that can make a difference. The system is broken, and we can only fix it by examining the underlying theories that have led us into this new “bubble capitalism.”
Ranging across a host of topics that bear on the crisis, Stiglitz argues convincingly for a restoration of the balance between government and markets. America as a nation faces huge challenges—in health care, energy, the environment, education, and manufacturing—and Stiglitz penetratingly addresses each in light of the newly emerging global economic order. An ongoing war of ideas over the most effective type of capitalist system, as well as a rebalancing of global economic power, is shaping that order. The battle may finally give the lie to theories of a “rational” market or to the view that America’s global economic dominance is inevitable and unassailable.
For anyone watching with indignation while a reckless Wall Street destroyed homes, educations, and jobs; while the government took half-steps hoping for a “just-enough” recovery; and while bankers fell all over themselves claiming not to have seen what was coming, then sought government bailouts while resisting regulation that would make future crises less likely, Freefall offers a clear accounting of why so many Americans feel disillusioned today and how we can realize a prosperous economy and a moral society for the future.
Ram Dass tells the following story: He was approached by a professional, scientific organization, and asked to comment on various photos, presumably related to the use of psychedelics. One of them depicted a man, lying on the kitchen floor, gazing at a puddle of spilled Coke. Ram Dass said that the picture gave him pause, for it brought to mind the many hours he himself had spent in just such a position, staring in awe at puddles of spilled Coke or something equally and allegedly “mundane.”
News reports have appeared recently speaking of people who see Avatar and subsequently fall into a deep depression at their inability to access a world in reality as beautiful, entrancing and spiritual as Pandora, the mythical planet depicted in the film. But before you join a Post Avatar Depression Syndrome (PADS) support group, consider the lesson of the spilled Coke, or really, one of the lessons of LSD. Yes, it is a drug-induced state, and yet, for the time that it lasts, the habitual filters through which we ordinarily view existence are removed, revealing a magical universe residing in the very spot that we would have dubbed “mundane” and passed by without a second glance in our non-altered state.
Such eye-opening revelations of the deeper mystery of everything, animate and inanimate, can occur not only through ingesting a possibly dangerous chemical (the ER and I can attest to that part, but that’s another story), but also via intentional practices as well as random circumstances — death or great loss, “Acts of God,” the birth of a child and so forth. Virtually anything, if the timing is right, can temporarily jolt us out of our blind slumber and awaken our inner vision to a grander vista.
Ram Dass eventually realized that no matter how much or how often he took LSD, he would always “come down” to ordinary reality, and be left with, like the Pandora-smitten viewers of Avatar, a powerful hunger to live in those deeper realms all the time. Thus, he proclaimed at one point, “The spiritual path is not about ‘getting high,’ it’s about ‘being high,’” and that, he explained, requires discipline, long hours of spiritual practice, and Grace.
Another contemporary spiritual teacher, Adyashanti, has shared that he noticed at some point in his development that no matter how far out his experiences sometimes were, no matter how blissful, insightful and other-worldly — or how terrible — he always seemed to return to “this.” Just this ordinary, regular moment.
There is really not much use in continuously revisiting artificially induced states if it is at the expense of doing the actual work required to integrate the teachings from those selfsame states into one’s life in a meaningful and less transient manner. Philosopher and Zen practitioner Alan Watts compared it to a scientist in a lab who discovers something under the microscope; she doesn’t just keep on repeating the experiment and staring at the result; she takes new actions informed by her discovery. Or, switching metaphors, Watts also said, “When you get the message, hang up the phone.” Because it only takes one such mind-shattering epiphany to recognize that William James was indeed onto something when he declared in The Varieties of Religious Experience that, “Our normal waking consciousness … is but one special type of consciousness, whilst all about it, parted by the filmiest of screens, there lie potential forms of consciousness entirely different.”
A single glimpse of this truth upends our entire world-view, and reality is never quite the same. We are suddenly launched, for better or worse, onto a path that is fueled by our yearning to part the veils that shield our eyes from seeing a puddle of spilled coke as anything less than a fantastical, mystical, miraculous and mysterious appearance in the midst of an inexplicable infinite universe! And the same for every blade of grass, our little finger, and all of our fellow creatures. Our earth-Gaia-like Pandora, is teeming with life, every quark connected to every other and all linked to the whole through the vast web of Indra’s net. Sneeze in Kentucky, and a cockroach in Calcutta moves a little to the left.
The alluring world of Pandora is not “out there.” It surrounds us every moment, it is the very atmosphere in which we live and move and have our being. Hell and heaven are separated only by an infinitesimal turn of the mind and inner view. The longing to live on Pandora is our deepest soul cry to be who we really are and see life as it really is.
The late guru Adi Da Samraj used to find it interesting that people would gaze up at the night sky, hoping to see a shooting star, as if the sky itself, just as it is, isn’t already completely mysterious and beautiful. It just wasn’t quite enough; people needed just a little more to be properly bewildered and awestruck!
Marcel Proust wrote: “The only real voyage of discovery … consists not of seeking new landscapes but in having new eyes.”
And William Blake:
To see a World in a Grain of Sand
And a Heaven in a Wild Flower,
Hold Infinity in the palm of your hand
And Eternity in an hour.
He could just as easily have written, were he alive today . . . To see a World in a Puddle of Coke.
Eliezer Sobel
Image by shareski, courtesy of Creative Commons license.
Exactly three years since the day the Chevrolet Volt concept car debuted, GM today manufactured the first advanced lithium-ion battery for a mass-marketed electric vehicle at GM’s Brownstown Battery Pack Assembly Plant.
“This is an important milestone for GM – and a critical step in bringing the Chevrolet Volt to market,” said GM Chairman and CEO Ed Whitacre.
GM announced last August a $43-million investment to prepare the 160,000-square-foot, landfill-free facility for production of lithium-ion battery packs for the Volt and other electric vehicles with extended-range capabilities. The plant is part of a wholly-owned subsidiary of General Motors called GM Subsystems Manufacturing LLC.
In just five months, the Brownstown plant was converted from an empty facility to a production-ready battery manufacturing site. New machinery and specialized equipment have been installed and three primary assembly areas have been completed: battery module pre-assembly, final assembly and the battery pack main line.
The Volt’s battery pack is made up of multiple linked battery modules and more than 200 battery cells. The initial assembly area is where the prismatic-shaped cells are processed and installed by state-of-the-art flexible automated equipment into modules, which are then delivered to the battery pack main line.
The battery pack main line area features an Automated Guided Cart (ACG) system that includes operations for thermal and electrical assembly, along with quality and dimensional checks. The main line is also where battery pack final testing, verification and packaging for shipment take place.
Initial battery production at Brownstown will be used to validate the plant’s equipment and processes, and batteries will be sent to GM’s Global Battery Systems lab in Warren, Mich., for testing. This spring, GM will begin shipping batteries to GM’s Detroit-Hamtramck plant, the assembly location for the Volt, for use in production validation vehicles.
Regular production at Brownstown and Detroit-Hamtramck is set to begin in the fourth quarter.
GM is investing $700 million in eight Michigan facilities for Volt-related production, including $336 million in the Detroit-Hamtramck plant, which will benefit from battery research conducted at the battery lab in Warren; receive batteries from Brownstown; use tooling from Grand Blanc; take delivery of camshafts and connecting rods from Bay City; and dies, stampings and the Volt’s 1.4L engine-generator from three plants in Flint.
“The development of electric vehicles like the Chevy Volt is creating entire new sectors in the auto industry – an ‘ecosystem’ of battery developers and recyclers, builders of home and commercial charging stations, electric motor suppliers and much more,” Whitacre said. “These companies and universities are creating new jobs in Michigan and across the U.S. – green jobs – and they’re doing it by developing new technology, establishing new manufacturing capability, and strengthening America’s long-term competitiveness.”
In August, the U.S. Dept. of Energy selected 45 companies, universities and organizations, including GM, in 28 states for more than $2 billion in awards for electric drive and battery manufacturing and transportation electrification. Nearly half of that total is designated for cell, battery and materials manufacturing facilities in Michigan.
The Volt is an electric vehicle with extended-range capability. It is designed to drive up to 40 miles on electricity without using gasoline or producing tailpipe emissions. When the Volt’s lithium-ion battery is depleted of energy, a flex-fuel engine-generator seamlessly operates to extend the total driving range to about 300 miles before refueling or stopping to recharge the battery. Pricing has not been announced.
Companies working on ideas for charging and fueling green cars have been on a roll lately. The streak kicked off last Sunday with Better Place landing $350 million in equity, and continued with SunHydro touting plans to dot east coast highways with hydrogen fueling stations. Now Coulomb Technologies, provider of electric charging stations for plug-in vehicles, has gotten its turn, raising $14 million in a second round of venture funding.
All of these companies have been working out of the limelight for a while now — infrastructure isn’t as sexy as the cars themselves. Coulomb has quietly been installing its ChargePoint Networked Charging Stations one city at a time in North America and Europe. These machines, small enough to be bolted to a roadside street lamp, pump up to 240 volts of AC power or 500 volts of DC power, juicing up drivers’ batteries quickly while they’re on the go — all they have to do is swipe a ChargePoint card, just like a debit card.
But Coulomb says 2010 will be its breakout year, with plans to roll out thousands of new stations across many cities, and to establish footholds in Asia and South America. The recent funding, led by Voyager Capital and Rho Ventures, and including Siemens Venture Capital and Hartford Ventures, should give it the boost it needs to make this happen.
In addition to installing stations in one municipality at a time, the Campbell, Calif., company is also forging partnerships with companies who will make the technology available in their parking lots. Perhaps the biggest boon in this area was the deal with McDonalds to make charging stations accessible for fast food diners with plug-in vehicles. The company also counts Dell, Reliant Energy, DTE Energy and Element Hotels among its strategic partners. In all, it provides charging stations to 120 clients, including cities.
The funding is yet another sign that electric vehicle infrastructure is finally attracting the attention it deserves. For a while, EV makers and enthusiasts alike have been wondering how wide adoption of these cars will occur without the necessary charging and fueling infrastructure already existing in the field. Last year, Coulomb snagged $3.8 million in a first round of funding. The fact that its latest fund-raise tripled this amount is an extremely positive indicator of investor interest.
Now that infrastructure companies are starting to get the resources they need, it will be interesting to watch how competition between them plays out. Better Place, which is also pursuing a similar charging station concept, has focused a lot recently on battery-switching stations, where drivers could swap out depleted batteries for fully-charged models at designated points. This solution is intended to address charging wait times, which could still exceed a half hour with Coulomb’s stations. No would one want to wait a half hour at a gas station, is the thinking.
There is also hydrogen fuel cells to consider. With Toyota, Daimler, General Motors and Honda all working on hydrogen-powered cars, these models could present formidable competition for EVs. SunHydro, a startup planning to use solar energy to generate the hydrogen for fueling stations, seems to have a feasible, affordable plan. How much of the market will it carve out?
Estag Capital provided Coulomb’s first round of funding last year.
By Camille Ricketts
Nissan will start taking online reservations for the Leaf in April. Better get in line now; some 50,000 people have already signed up!
Nissan LEAF, the world’s first all-electric, zero-emission car designed for the mass market, and leads up to the start of the vehicle-purchase process. The Nissan LEAF will be available to consumers via lease or sale, in a single transaction that includes the battery. Steps to acquiring a Nissan LEAF are:
REGISTER: Interested people can register for more information about the Nissan LEAF on www.NissanUSA.com. To date, close to 50,000 people have registered on the website. Registrants will be given first priority to reserve a Nissan LEAF.
RESERVE: The reservation process will begin in April, shortly after the announcement of the price of the Nissan LEAF. Upon paying a fully refundable $100 reservation fee, registrants will be among the first in line able to order a Nissan LEAF.
ORDER: Nissan will begin taking firm orders in August, for deliveries when sales begin in the driver’s particular market.
EARLY DELIVERIES: Rollout begins in select markets in December 2010, with vehicles available in all major launch markets quickly thereafter.
“The Nissan LEAF purchase process is effortless, transparent and accessible, offering value with a one-stop-shop approach for everything related to the car, including the assessment, permitting and installation of in-home battery charging units,” said Carlos Tavares, Chairman, Nissan Americas. “We want everyone to feel good about having a car that is affordable, fun to drive and good for the environment.”
Coinciding with this next phase of the Nissan LEAF launch is the debut of Nissan’s initial global marketing campaign, which is called “The New Car.” A first look at the campaign – which illustrates Nissan’s passion about the potential for zero-emission mobility and a better, cleaner world – was shown in New York as part of the culmination of the Nissan LEAF Zero-Emission Tour.
The Nissan LEAF Zero-Emission Tour covered 10,000 miles in the United States and Canada, providing the first opportunity for more than 100,000 people to see and learn about the Nissan LEAF first hand.
“There was a groundswell of grassroots support from coast to coast,” said Tavares. “Everywhere we went, people recognized a new form of mobility – a turning point – and they wanted to be a part of it. The response was spontaneous and diverse. We were joined by mayors and government officials, CEOs, utility partners, car enthusiasts, students, dealers, media, environmentalists, Twitter users and lots of families.”
Tour Highlights:
Diverse tour stops, stretching from Stanford University to the Kennedy Space Center. Other stops included: Phoenix on New Year’s Eve, in conjunction with the Fiesta Bowl; Qwest Field in Seattle; the Oregon Museum of Science and Industry in Portland; and a charging-station-equipped McDonald’s in Cary, N.C. The tour also stopped at Nissan Americas in Franklin, Tenn; the Smyrna, Tenn., manufacturing facility where the Nissan LEAF will be built starting in 2012; and Nissan Design Americas in San Diego. New York area stops include Madison Square Garden (Feb. 10), and upcoming public displays at the Time Warner Center (Feb. 12) and the Liberty Science Center (Feb. 13).
Due to the high level of interest, Atlanta and Boston were added to the original tour schedule, bringing total cities to 24.