a genomics (r)evolution?

Peter DiamandisDr.Peter H. Diamandis is a Greek American engineer, physician, and entrepreneur best known for being the founder and chairman of the X PRIZE Foundation, the co-founder and chairman of Singularity University and the co-author of the New York Times bestseller Abundance: The Future Is Better Than You Think.

Humanity is moving from evolution by natural selection (Darwinism) to evolution by intelligent direction.

For most of human history, our average age was only about 26 years old.

We would procreate at age 13, live just long enough to help our children raise their children, and then, on average, die at age 26 (so we were no longer taking food from the mouths of our grandchildren).

It was through technological innovation — sanitation and germ theory — that we moved life expectancy from 26 to the mid 50’s. Recently, because of modern medicine’s progress in treating heart disease and cancer, we’ve bumped up today’s global average human lifespan to 71 years.

But this is just the beginning.

Advances over the next 10 to 15 years will move life expectancy north of 100.

This blog is about advances in reading, writing, and building elements of the human body.

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Reading – Sequencing the Human Genome

Your genome is the software that runs your body.

It is composed of 3.2 billion “letters,” or base pairs, that code foreverything that makes you “you” – your hair color, your height, your personality, your propensity to disease, your lifespan, and so on.

Until recently, it’s been very difficult to rapidly and cheaply “read” these letters and even more difficult to understand what they do.

In 2001, my friend and Human Longevity Inc. co-founder Dr. J. Craig Venter sequenced the first complete human genome. It took about a year and cost $100 million.

Since then, the cost to sequence a genome has been plummeting exponentially, outpacing Moore’s Law by almost 3x (take a look at the graph below).

ImageProxy (1)

(Figure: The cost of genome sequencing drops 3x faster than Moore’s Law)

Today, the cost to sequence a full human genome is about $1,000.

Continue reading a genomics (r)evolution?

Policy Credibility, Market Confidence And The Private Sector

Iyanatul Islam
is Chief of the Employment and Labour Market Policies Branch at the ILO in Geneva and Adjunct Professor at the Griffith Asia Institute, Griffith University, Brisbane, Australia. The author writes in a strictly personal capacity.

The notion of the credibility of policy-makers and how that creates incentives for the private sector to consume, save, invest and innovate is at the core of much of modern macroeconomics. Expectations-driven actions by the private sector are seen as the ultimate drivers of sustained economic growth that delivers jobs for all.

Policy credibility requires the use of signalling and commitment devices. They are represented by a resolute commitment by the government to price stability, typically defined as low, single digit inflation, monitoring public sector debts and deficits so that they do not exceed certain thresholds and current account sustainability. The proposed inflation rate is 1 to 3% for developed countries and less than 5% for developing countries. The proposed fiscal targets are as follows: 60% debt to GDP ratio and 3% deficit to GDP ratio for rich countries, as in the Eurozone fiscal compact. The comparable numbers are 40% debt to GDP ratio and less than 5% deficit to GDP ratio for developing countries. Foreign exchange reserves adequate to cover three months of imports have often been used as a threshold for current account sustainability for developing countries, but a comparable number is not used for developed countries.

Continue reading Policy Credibility, Market Confidence And The Private Sector


HaloulakosDr. V. E. “Bill” Haloulakos
Aerospace Science Consultant/Professor
AIAA National Distinguished Lecturer and Legacy Member
Distinguished Engineering Educator Award Winner
E-mail: imveh@sbcglobal.net

 When we invest money we are always playing a numbers game.

  • The amount invested is a number
  • The interest rate is a number
  • The period of investment is a number
  • The final value of the total amount accrued is a number
  • The number of compounding periods in a year is also a number

We then feel justified to raise the question as to exactly WHAT IS A NUMBER?

We shall discuss the concept of numbers and also lay out the peculiar behavior of two special numbers, namely ZERO and INFINITY, and also show how INFINITY plays a special role in an interesting investment problem.

When we need to talk about the numbers one, two, etc, we usually show the corresponding number of fingers or we point to a corresponding number of material items. But in the number system there are two very special numbers with rather elusive behavior. They are the numbers of ZERO and INFINITY. When we need to talk about zero all we can do is make a circle with our thumb and the index finger. There’s no other way to indicate the idea or concept of nothing, which the number zero indicates. On the other end of the numerical spectrum lies infinity which is impossible to describe in a simple understandable manner. All we can say is that it is BIG, very BIG. Actually exactly as say that infinity is something very BIG we can also say that zero is something very small. How BIG and how SMALL is only understood by crossing over into the fields of Physics and finance, which we shall do below.