Mark Goldes

We Could Soon See 1 Million Jobs Lost in Single Month

An alternative economic analysis leads to the need for A Human Investment Tax Credit Program.

A few of the incentives were tried in the Jobs Tax Credit which generated more jobs in less time than any previous legislation in our history.

The 2009 Program can be downloaded without charge at: aesopinstitute.com

Credit obviouslyy also needs to be available, but this may result from the present stimulus ideas.

Tech Layoffs Return with a Vengeance

A Human Investment Tax Credit program was designed to generate 3 to 6 million new jobs and encourage between 1 to 4 million men and women to become self-employed.

Curing unemployment without creating inflationary pressures is clearly feasible if we view the economy from new perspectives and adopt appropriate tools and policies.

A few decades ago a program of employment tax credits was suggested in a pair of reports prepared for the Commerce Department. A new 2009 Report, can be downloaded without charge at aesopinstitute.org

Overfull rather than merely full employment may prove possible. Overfull employment, defined as 2% unemployment, was achieved during World War II.

The 1977 job tax credit program, which adopted a few of the recommended incentives, generated almost a million private-sector jobs; twenty percent of all new jobs created that year. It resulted in more jobs in less time than any prior legislation. Only a third of businesses were aware of the little-publicized tax credits. A mere third of those eligible utilized them. The White House opposed the job tax credits and they were not much publicized.

If promoted with all of the suggested incentives, the nation might have met the original goal of generating three to six million new jobs and encouraging one to four million people to become self-employed. The following year the program was gutted and became the much less effective targeted jobs-tax credit.

The tax incentives in the Human Investment Tax Credit program have been updated in the 2009 Report and can be voted into law. That should be a first order of business for the new Administration and Congress.


On Jan 25 02:24 PM ED K wrote:

> The urgency of the un-employed and future un-employed is not being
> addressed by our government.You would think with all the adversity
> our country is facing,they'd be working day and night to come up
> with solutions.Heaven forbid that they should do anything above and
> beyond,they are surely not doing the peoples business,as usual!!!!!!

>
>
> The lay-offs in the tech industry and what I expect will happen in
> all other industries is going to be monumental by the time this current
> economic crisis is over.Consider yourself lucky if you retain your
> job for the next four years.
>

Employment, Interest and Money: Considering Rowe and Fama on Stimulus

A Human Investment Tax Credit program was designed to generate 3 to 6 million new jobs and encourage between 1 to 4 million men and women to become self-employed.

Curing unemployment without creating inflationary pressures is clearly feasible if we view the economy from new perspectives and adopt appropriate tools and policies.

A few decades ago a program of employment tax credits was suggested in a pair of reports prepared for the Commerce Department. A new 2009 Report, that can be downloaded at aesopinstitute.org, without charge, enlarges on but in no way contradicts the earlier studies. It includes a new and different economic analysis.

Overfull rather than merely full employment may prove possible. Overfull employment, defined as 2% unemployment, was achieved during World War II.

The 1977 job tax credit program, which adopted a few of the recommended incentives, generated almost a million private-sector jobs; twenty percent of all new jobs created that year. It resulted in more jobs in less time than any prior legislation. Only a third of businesses were aware of the little-publicized tax credits. A mere third of those eligible utilized them. The White House opposed the job tax credits and they were not much publicized.

If promoted with all of the suggested incentives, the nation might have met the original goal of generating three to six million new jobs and encouraging one to four million people to become self-employed. The following year the program was gutted and became the much less effective targeted jobs-tax credit.

The tax incentives in the Human Investment Tax Credit program have been updated in the 2009 Report and can be voted into law. That should be a first order of business for the new Administration and Congress.

What Does Obama's Cabinet Have in Store for Alternative Energy?

U.S. Must Take the Lead to Avoid Eco-Disaster

Barack Obama has only four years to save the world. That is the stark assessment of NASA scientist and leading climate expert Jim Hansen who last week warned only urgent action by the new president could halt the devastating climate change that now threatens Earth. Crucially, that action will have to be taken within Obama’s first administration, he added.

Soaring carbon emissions are already causing ice-cap melting and threaten to trigger global flooding, widespread species loss and major disruptions of weather patterns in the near future. "We cannot afford to put off change any longer," said Hansen. "We have to get on a new path within this new administration. We have only four years left for Obama to set an example to the rest of the world. America must take the lead."

Hansen said current carbon levels in the atmosphere were already too high to prevent runaway greenhouse warming. Yet the levels are still rising despite all the efforts of politicians and scientists.

Only the U.S. now had the political muscle to lead the world and halt the rise, Hansen said. Cap-and-trade schemes, in which emission permits are bought and sold, have failed, he said, and must now be replaced by a carbon tax that will imposed on all producers of fossil fuels. At the same time, there must be a moratorium on new power plants that burn coal - the world's worst carbon emitter.

Hansen - head of the Goddard Institute of Space Studies - first warned Earth was in danger from climate change in 1988. Hansen's institute monitors data that has led him to conclude that most estimates of sea level rises triggered by rising atmospheric temperatures are too low and too conservative.

However, Hansen said feedbacks in the climate system are already accelerating ice melt and are threatening to lead to the collapse of ice sheets. Sea-level rises will therefore be far greater - a claim backed last week by a group of scientists who said studies indicate that a far more likely figure for sea-level rise will be enough to cause devastating flooding of many of the world's major cities and of low-lying areas of Holland, Bangladesh and other nations.

As a result of his fears about sea-level rise, Hansen said he had pressed the US National Academy of Sciences to carry out an urgent investigation of the state of the planet's ice-caps. The first task of Obama's new climate office should therefore be to order such a probe "as a matter of urgency", Hansen added.

Guardian UK 1-19-09

Renewable Energy Reality: We're Dependent on Coal

We have a little known alternative to coal!

"If at first, the idea is not absurd, there is no hope for it." -- Albert Einstein.

Revolutionary energy technology can enable a surprisingly rapid rebirth of the automotive industry.

Renewable energy systems are in development throughout the world – as they penetrate the market, demand for fossil fuels will drop. However, few have the potential to catalyze changes in the entire energy picture. Even fewer can substantially wind down carbon dioxide production fast enough to end the need to import fuel and avoid the most drastic, life threatening, impacts caused by Global Warming.

The earth is immersed in an extremely dense sea of energy. In 1926, inventor Hans Coler, in Germany, tapped what he termed “Space Energy”. His first generator delivered a few watts of electricity. During 1937, Coler demonstrated a second, 6,000 watt, generator that was later shown to the German navy. During WWII, a secret R&D project attempted to achieve production of the device in order to recharge submarine batteries without the need for a sub to surface. Late in the War, his laboratory was destroyed by a bomb. After hostilities ended, Coler cooperated with British Intelligence, which published a Report in 1946, concluding his achievement was real. In 1979, the British Intelligence Report was declassified and can now be found on the internet. A new version could become a University Demonstration device.

We are developing revolutionary new technology. Some of our generators may prove to be tapping that same Space Energy resource. It is now often referred to as the Quantum Vacuum, or Zero Point Energy (ZPE). U.S. Patent, No. 7,379,286 (not directly connected with our work) is entitled: Quantum Vacuum Energy Extraction and provides a comprehensive discussion of the Zero Point Field - and one way to tap it. Reading this Patent will provide scientists and the legions of skeptics with an excellent analysis.

Unconventional energy conversion systems may prove to be tapping this never previously commercialized, renewable, abundant source of energy. These revolutionary new energy conversion devices can be manufactured in many of the world’s existing factories. They are inherently cost-competitive. Not only can they be used to power homes and businesses of every variety, but also to make practical cars, trucks and buses that need no engines, banks of batteries, or any variety of conventional fuel or recharge.

Advanced designs are capable of producing electricity on a self-sustaining basis. Some devices without moving parts are comparable to an inexhaustible battery. One Proof-of-Concept prototype was evaluated by Lee Felsenstein, EE. He concluded it to be analogous to the early work on the transistor, which eventually led to a Nobel Prize and the creation of Silicon Valley.
One generator we are developing is expected to generate sufficient power to demonstrate replacement of the plug needed by a plug-in hybrid car. This will be a harbinger of automobiles that need no conventional fuel. With normal progress, a prototype new energy conversion system is anticipated to replace an automobile engine within three years. That goal might be achieved more rapidly if development involves four teams of engineers and technicians working on a 24/7 basis. The prototype will open a path to mass production of entirely new varieties of automotive power plants. Vehicles powered by these technologies will never require conventional fuel of any kind.

Cars can become a source of income and alternative to coal

Vehicle to grid (V2G) power was demonstrated by Google and PG&E during 2007. It has been estimated that selling power to the grid from future production hybrid electric cars might earn the vehicles’ owner $4,000 each year. This assumes that power will be drawn by utilities from the car’s batteries, by means of a two-way, plug.

However, in the future, cars powered by revolutionary energy conversion systems are expected to earn much more, as these generators are anticipated to replace both banks of batteries and car engines. Therefore, they are expected to produce far greater amounts of electricity. No plug will be required.

Generators of the variety we are developing to power electric automobiles might be thought of as analogous to a fuel cell that needs no hydrogen. We can easily switch this cell on or off. When the car is driving the conversion device is switched on, providing energy to the electric motor that propels the car. When the vehicle is parked, the motor that drives the vehicle is turned 'off', but the modular system remains "on", still producing energy, like a fuel cell that needs no fuel. In larger cars, trucks and buses, up to 150 kW, produced while the motor is off, can be transferred from the vehicle through a wireless technology requiring no physical connection to the parked vehicle.

This power might be sold to the local utility. Instead of paying to park, the electric power utility may decide to pay vehicle owners, because their cars and trucks become a source of electricity, a clean alternative to any existing variety of power plant. Over a reasonable period of time, payments to the owner may be sufficient to reimburse the purchase price of many vehicles.

Once cars, trucks and buses become available that need no fuel and can earn their keep, it is logical to expect automotive manufacturers will sell every such vehicle they make. Plants that have been shut down will reopen. Auto workers who have been laid off could have the opportunity to be rehired. Large numbers of new manufacturing jobs will be created.

A revolutionary product this far-reaching has the potential to provide huge numbers of new jobs and opportunities for new enterprise. The economic impact of cars as power plants is likely to prove a surprising way to stimulate the global economy.

It can also provide distributed generation of electricity wherever the grid is lacking or unreliable. Moreover, cars can wirelessly power homes and businesses. Imagine the many advantages, such as the aftermath of storms and other disasters.

These technologies will rapidly reduce the need to import fuel and thereby accomplish a huge reduction in the balance of payments, a huge drain at present on our economy.

Auto manufacturers are already preparing to market plug-in hybrids and electric cars. However, present technology sharply limits projected production volumes. Eliminating fuel burning engines and the need for large number of batteries with their recharge requirements will open huge new markets.

When jet engines were proposed for airliners, experts projected it would take 20 years for the changeover to take place. In fact, it took only 5 years!

When World War II began, auto makers shifted production to tanks and aircraft in less than a year. These changes required massive reorganization. Shifting to new energy conversion systems that require no fuel or recharge is infinitely less difficult. It only requires the determination to adapt to rapid change that can insure not merely the survival, but the blossoming of the automotive industry.

While oil prices are presently low, when the economy booms once more, they will tend to rise again. Revolutionary technology can eliminate that threat. Imported oil will gradually become unnecessary.

With the surprisingly rapid pace of CO2 production, human survival on the planet is presently at stake. Myles Allen of Oxford University captures the essence of the situation in one sentence: "The danger zone is not something we're going to reach in the middle of the century; we're in it now." It has been said: “What we do in the next two to three years will determine our future. This is the defining moment.”

Energy consumption is at the core of human existence. We must sharply accelerate development of new, cost-effective, sustainable alternatives. The auto industry has the potential to catalyze, with a kick start, a global economic recovery.

The recent pair of TVA catastrophes are likely to stop any new coal plants in the USA.