Showing posts with label us. Show all posts
Showing posts with label us. Show all posts

Saturday, May 7, 2011

Giant Ants in Ancient North America

Big insects once roamed the US. They were very big. Ants were the size of small birds 50 million years ago. They are thought to have crossed the arctic land bridge that once existed between Europe and the US. The Green River site in Wyoming has given up many new finds in the past.

Bruce Archibald of Simon Fraser University in British Columbia noted that the fossil was similar to one found in Germany. Only the queen of the Dorylus wilverthi species of ant living today reaches this size. Fittingly, the new ant has been named Titanomyrma lubei. Louis Lube found the specimen. While this ant is big for North America, big ants probably lived in other parts of the world because large fossils of other creatures have been found there.

Large ants only live a tropical climate in the present so North America was tropical millions of years ago. It is a mystery how they crossed the temperate Arctic region then. For brief periods this area became quite warm, up to 8 degrees Celsius, though not tropical. Bursts of carbon dioxide into the atmosphere from sediment was the culprit. With two sources for ancient giant ants now known it may be possible to identify where they originated.
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Science

Giant Ants in Ancient North America

Big insects once roamed the US. They were very big. Ants were the size of small birds 50 million years ago. They are thought to have crossed the arctic land bridge that once existed between Europe and the US. The Green River site in Wyoming has given up many new finds in the past.

Bruce Archibald of Simon Fraser University in British Columbia noted that the fossil was similar to one found in Germany. Only the queen of the Dorylus wilverthi species of ant living today reaches this size. Fittingly, the new ant has been named Titanomyrma lubei. Louis Lube found the specimen. While this ant is big for North America, big ants probably lived in other parts of the world because large fossils of other creatures have been found there.

Large ants only live a tropical climate in the present so North America was tropical millions of years ago. It is a mystery how they crossed the temperate Arctic region then. For brief periods this area became quite warm, up to 8 degrees Celsius, though not tropical. Bursts of carbon dioxide into the atmosphere from sediment was the culprit. With two sources for ancient giant ants now known it may be possible to identify where they originated.
. . . . . . . . . . . . . . . . . .
Science

Friday, December 24, 2010

The Days of the US Dollar as World Currency Are Numbered

With the US printing paper dollars by the truckload the American currency cannot remain the world's gold standard. Can something akin to gold be created to act as the measure of value for world trade? China's call for a new stand alone currency for international trade will not work. The difficulties of the Euro has highlighted this. Putting the world's "strong" currencies in a pot with gold then calculating out a value for transactions is also problematical. Wouldn't this be a partial return to the gold standard?

The gold standard worked for a long time mainly because is was a scarce commodity and new finds of the mineral were increasing the gold "pot" at about the same rate as the world growth in trade. A new gold standard would probably not work now because there would be a rush to invest in gold companies which could flood the market.

This would not solve the problem of nations openly trying to weaken their currency to gain a market edge. Quantitative easy by the US is a case in point. The US Treasury bought up securities to increase the money supply. This could still be done with a gold standard.

As time passes people will lose confidence in the US dollar. This is inevitable as the US tries to pull the economy out of recession. China's dominance in low-cost labor industries will not last, but things will not improve for the US as cheap-labor industries move to other less-developed Asian countries. The US cannot turn the clock back. Like Britain, it has had its day in the industrial limelight.

The sun will truly set on US hegemony when the national deficit will finally have to be paid. Many countries beside the US will be in trouble then, particularly the ones issuing bonds in US dollars.
. . . . . . . . . . . . . . . . .

The Days of the US Dollar as World Currency Are Numbered

With the US printing paper dollars by the truckload the American currency cannot remain the world's gold standard. Can something akin to gold be created to act as the measure of value for world trade? China's call for a new stand alone currency for international trade will not work. The difficulties of the Euro has highlighted this. Putting the world's "strong" currencies in a pot with gold then calculating out a value for transactions is also problematical. Wouldn't this be a partial return to the gold standard?

The gold standard worked for a long time mainly because is was a scarce commodity and new finds of the mineral were increasing the gold "pot" at about the same rate as the world growth in trade. A new gold standard would probably not work now because there would be a rush to invest in gold companies which could flood the market.

This would not solve the problem of nations openly trying to weaken their currency to gain a market edge. Quantitative easy by the US is a case in point. The US Treasury bought up securities to increase the money supply. This could still be done with a gold standard.

As time passes people will lose confidence in the US dollar. This is inevitable as the US tries to pull the economy out of recession. China's dominance in low-cost labor industries will not last, but things will not improve for the US as cheap-labor industries move to other less-developed Asian countries. The US cannot turn the clock back. Like Britain, it has had its day in the industrial limelight.

The sun will truly set on US hegemony when the national deficit will finally have to be paid. Many countries beside the US will be in trouble then, particularly the ones issuing bonds in US dollars.
. . . . . . . . . . . . . . . . .

Thursday, July 15, 2010

The Internet Is Not Yet the Great Leveller

Access to the Internet prevents it from being a world levelling device. In Australia people will have to wait up to eight years to get broadband. South Africans living in "dangerous" areas will never get an Internet connection because telco companies fear theft of copper wire. India is too poor, so many regions will have to remain on dial up Internet. Those in remote places in Britain are still waiting for a method to be chosen for broadband distribution.

Leading Western countries are the main source of software for all Internet users. Even Twitter and Facebook are based in the US. People also use these sites to interact with those of similar ilk. The world is segmenting into cliques and a broad world view is not materializing. This is despite more information being available for the average person than at any other time in human history.

People are essentially parochial. They identify with the region and country they are in. Though international news is easily accessed, many choose not not to log on. They still get news from local television and radio. Such news sources now have less than 15 per cent of non-local news, particularly in the US. Ninety five per cent of Internet users in the UK go to domestic news sites. Afghanistan is the topic of most international news stories while clashes in Africa are given just cursory comment.

No doubt in time a common world view will develop. This is because urbanization is happening everywhere, so there will eventually be a common background for most people irrespective of place of origin. The readership of blogs is increasing, with most commenting on local and international issues. There is a need for barriers from language barriers to be broken down. News will travel faster when breaking stories are translated on the spot.
. . . . . . . . . . . . . . . . .

The Internet Is Not Yet the Great Leveller

Access to the Internet prevents it from being a world levelling device. In Australia people will have to wait up to eight years to get broadband. South Africans living in "dangerous" areas will never get an Internet connection because telco companies fear theft of copper wire. India is too poor, so many regions will have to remain on dial up Internet. Those in remote places in Britain are still waiting for a method to be chosen for broadband distribution.

Leading Western countries are the main source of software for all Internet users. Even Twitter and Facebook are based in the US. People also use these sites to interact with those of similar ilk. The world is segmenting into cliques and a broad world view is not materializing. This is despite more information being available for the average person than at any other time in human history.

People are essentially parochial. They identify with the region and country they are in. Though international news is easily accessed, many choose not not to log on. They still get news from local television and radio. Such news sources now have less than 15 per cent of non-local news, particularly in the US. Ninety five per cent of Internet users in the UK go to domestic news sites. Afghanistan is the topic of most international news stories while clashes in Africa are given just cursory comment.

No doubt in time a common world view will develop. This is because urbanization is happening everywhere, so there will eventually be a common background for most people irrespective of place of origin. The readership of blogs is increasing, with most commenting on local and international issues. There is a need for barriers from language barriers to be broken down. News will travel faster when breaking stories are translated on the spot.
. . . . . . . . . . . . . . . . .