Friday, November 3, 2017

Creating Wealth

Creating wealth is entirely different from just transferring it.  The service sector lives off transferred wealth. They are in essence, moving money from one pocket to another.  So, how does a country or economy actually create wealth?  Basically, there are three ways to do it:

1.       Manufacture it

2.       Mine it

3.       Grow it
I used to tell my sons when they were younger that the wealth was only created when it came from the ground.  Even in manufacturing, the wood, steel, plastic, etc. had to come from beneath the earth’s surface.
China is able to finance the United States’ debt because they have become the manufacturer to the world.  One reason the U.S. isn’t totally defunct is because we still remain an agricultural power house (number 3), for now, but that is for a future post.

Thursday, August 31, 2017

Come See Nova Microwave and Res-net Microwave in Boston

Nova Microwave and its sister company Res-net Microwave will be exhibiting this September in Boston at the Electronic Design Innovation Conference and Exhibition (EDI CON USA).  It is their first time showing at this event which will be held from September 11-13, 2017 at the Hynes Convention Center in Boston, MA.

With more than 100 exhibitors and 88 educational sessions, EDI CON promises to be an informative event for all those who attend, not to mention a beautiful time of year to be in Boston.

So, stop by our booth (#610) and see Res-net’s and Nova’s latest products and innovations.   Put your business card in the bowl and try out your luck in the raffle of a brand new GoPro®.   We look forward to seeing you in Boston.

Tuesday, July 25, 2017

Driverless Cars

There has been a lot of talk about driverless cars.  I am not a fan, as I like to be in control of my own vehicle.  The idea of a computer guiding my vehicle to a destination that has been keyed into the dashboard makes me uneasy, to say the least.

That being said, I just noticed that my car (Jeep) just hit 55,555 miles on the odometer.  At first glance, that seems fairly normal for 2 years’ worth of driving.  Then I started to do the calculations.  At an average of 60 miles per hour (I do a lot of highway driving), I just spent about 926 hours in my car over the past 2 years or just over 38 days.  That is over a month of time spent behind a windshield and fairly unproductive time.  It is even worse for those with long computes and congested traffic.

If I had been in a driverless car, I could have been catching up on reading the newspaper, trade magazines, or answering emails.  So, although we may be losing some control with this new technology, we may be gaining an even more precious resource, time.