Technology has linked its way into just about every facet of human lifestyles. For your edification, this continuing discussion, as well as an addition to previous study formats. In offering this informational passage, the legal system is just one more profession that has been conquered by technology.We are aware of the court stenographers and PC’s that record and track our legal system, but what about the C.G.A. System? The Computer Generated Animation Presentation can be admitted into our American Court System. Admissible Evidence in criminal trial(s) has been recorded as a precedent case ruled on by the Supreme Court. As reported by Asher Hawkins, of the Legal Intelligencer, differing arguments by six Pennsylvania Supreme Court Justices concluded that a Lackawana Common Pleas Judge properly admitted the use of CGA during a first-degree murder case in 2002. CGA has been portrayed on various television shows such as CSI Investigation(s) and Crime 360.Justice Sandra Schultz Newman wrote, “Society has become increasingly dependent upon computers in business and our personal lives…” She went on the say, “With each technological advancement, the practice of law becomes more sophisticated and commensurate with the need to shed any techno phobia and become more willing to embrace the advances that have the ability to enhance the efficiency of the legal system.”Prosecutorial teams, including Forensic Pathologists and Crime Scene Reconstructionists presented a murder case to the jury; the prosecutor’s version…the defendant did not possess and/or have access to this tool. One argument against this procedure in court is of a defendant, a poor person, is able to commission an equivalent production. In other words, would the defense be able to match the expenses associated with the prosecutions presentation to the court? Another justice suggested it would be wiser to exclude CGA evidence if an indigent or poor defendant could not afford the costs of “equivalent production.” The basic cost could be upwards of $20,000.00. Another legal professional commented on whether the cost(s) of CGA was worth the expenditure. The justices also took note on the fact that CGA’s are becoming increasingly less expensive to produce and could be a vital tool in the rapid expedition of court cases. In any case, pre-trial motions that include CGA evidence should be treated with respect. Jury instructions and indigent (lacking food, clothing, and other necessities of life because of poverty; needy; poor; impoverished, destitute) defendants are needed with the court’s permission for the presenting of such evidence.The judges position was to make certain that Computer Generated Animation was fair and accurate while permitting defendants an opportunity to challenge its foundation. It has also been noted by the justices, to make clear to the jury that it was not meant as a re-enactment or simulation, but merely an expression of opinions formulated by expert witnesses. Another justice stated his position…”I think it’s a valuable tool, but a tool that needs to be used sparingly. I don’t think it’s necessary in every case.” Newman also wrote, “The difference is one of mode, the law does not, and should not; prohibit proficient professional employment of new technology in the court-room. This is, after all, the 21st century.”Each state has its own court system. There’s also a system of federal courts. Decisions made during adjudication by federal administration agencies may be appealed to a federal court. Similarly, decisions made by state administrative agencies may be appealed to a state court. The definition for adjudication (adjudicate) is to render a judicial decision. In the administrative process, the proceeding in which and administrative law judge hears and decides on issues that arise when an administrative agency charges a person or a firm with violating the law or regulations enforced by the agency. An administrative agency is a state or federal government agency established to perform a specific function. Administrative agencies are authorized by legislative acts to make and enforce rules to administer and enforce the acts.Typically, a state court system will include several levels, or tiers, of courts – (a) trial courts of limited jurisdiction, (b) trail courts of general jurisdiction, (c) appellate courts, and (d) the states highest court (often referred to as the State Supreme Court). Anyone who is party to a lawsuit has the opportunity, and/or right, to plead his/her case before a trial court and then if he/she loses, before at least one level of appellate court. Furthermore, if a federal statute of federal constitutional issue is involved in the decision of the State Supreme Court, that decision may be further appealed to the United States Supreme Court.Have you ever wondered, with all the juris prudence (the science or philosophy of law, a body or system of laws, a department of law, Civil Law. decisions of courts, esp. of reviewing tribunals) activities flooding the land, how could the legal system function without technology?Monica Bay, of Law Technology News, reported of lawyers at small firms, especially solo practitioners, have resisted adopting practice/case management (CMS) software – even though there’s no doubt that it can help firms deliver faster, better, and cheaper services to their clients. Several observers suggest that the initial threshold of setting up a management system intimidates firms. A software consultant, Tom O’Connor said, “Everybody loves technology but hates installing it.”Project Management has not been a topic stressed in many schools, according to an independent IT consultant from Minneapolis. A successful project management is dependent upon a large network of personnel. An effective Electronic Data Discovery (EDD) Project Network includes: clients, partners, legal IT staff, associates, paralegals, inside counsel, service providers, and technical experts. Without a doubt, the use of (PM) Project Management to mitigate risk while delivering consistent, quality results that represents significant benchmark(s) in the maturing process of the EDD environment.Used in many corporations to increase productivity, quality control programs such as Sigma Six, have been generating interest. Understanding why and where problems occur has a great impact on the decrease in mistakes. The application of these principles and practices on Electronic Data Discovery processes improve a lawyer(s) result(s) with increased quality and decreased costs. Reasons for rising interest in Project Management are recognition in the success depends on effective management.Mitigating risk and lowering cost by applying “Electronic Discovery Techniques” offered a myriad of considerations, for example, matching time tables, securing outside IT experts, propose and follow “E-Discovery” protocol, engagement of a special master to monitor compliance and resolvement of disputes, use of checklist(s) containing critical steps and reminders for every step in and of a project, working service providers, working with attorneys to find answers to the right questions, as managing vendors require special attention to service level agreements (SLA’a).Meanwhile, discover these definitions/terms of legal jargon that may help you in your administration, business, everyday life, and tech studies:Subrogation – any right a creditor has against a debtor now becomes the right of surety. Inclusive are creditor rights in bankruptcy, rights to collateral possession by the creditor, and rights to judgments secured by the creditor – the surety now stands in the shoes of the creditor against the debtor.Indemnification – The right to pursue guaranteed reimbursement/payment to a director for legal costs, fees, and/or judgments involved in defending corporations – (clients) related law suits. Simply put the right to compensation for services as directors (representatives/attorneys).Habeas Corpus – held against your will – against your constitutional right(s), a writ requiring a person to be brought before a judge or court, esp. for investigation of a restraint of the person’s liberty, used as a protection against illegal imprisonment, one of a variety of writs that may be issued to bring a party before a court or judge, having as its function the release of the party from unlawful restraint.Writ – a legal order, a document of the court.Tort – personal injury, a civil wrong not arising from a breach of contract…a breach of a legal duty that proximately causes harm or injury to another.Posterity – the offspring of one progenitor to the furthest generation; descendants; all future generations; succeeding or future generations collectively; Judgment of this age must be left to posterity; all descendants of one person.HIPPA – The Health Insurance Portability and Accountability Act of 1996 (HIPAA) was enacted to ensure that personal information stored, accessed or processed adheres to a set of guidelines or “security rules.” These rules outline security measures that should be implemented to adequately secure all electronic protected health information (EPHI). LogRhythm directly meets some HIPAA requirements, reduces the cost of complying with others, and it features out-of-the box HIPAA reporting packages.SOX – require public companies to create, monitor, and manage controls over many aspects of their financial reporting. Some companies have found that such transparency doesn’t come easily. The rules require not only new processes, but also fresh tools that can determine whether systems and reporting standards are up to snuff. In general, SOX applications can be classified into three main market segments, according to Forrester Research. Those in the enterprise-application space include Oracle and SAP; IBM and Stellent fall under the enterprise-content management (ECM) heading; and OpenPages and Paisley Consulting are considered specialists, competing with Certus, HandySoft, and other pure-play vendors.Where is it that technology hasn’t reached? Are the courtrooms truly behind in technology? Are they out of the loop as are many “non-techie” or poor people are? The “Great Technical Divide”…go figure!After all, this is the 21st century.Til next time…byGregory V. Boulware3.16.10
The United States Marine Corps is an avid fan of technological breakthroughs and acquiring their new V-22 Osprey is just one indicator that this character is still burning strong. V-22 Osprey belongs to the latest generation of VSTOL (vertical short takeoff and landing) aircraft. Its tilt/rotor technology is a pioneer in military aviation. The VSTOL designation means that an Osprey has turboshaft engines mounted on the very ends f the forward wings, allowing it to fly like a conventional prop forward aircraft but can also do a 90-degree swivel to land and hover like a helicopter.This means greater flexibility for commanders in battlefields. The aircraft can take off and land vertically during deployments of troops and supplies. In general, the technology is similar to that used by AV-8 Harrier jets, also employed by the USMC, but using a jet engine instead. The V-22s will replace the Vietnam-era vintage CH-46 and CH-53 medium lift choppers.However, just like any new aircraft out of production line and mainly untested in fields of battle, the development of Osprey was plagued by glitches. This technological breakthrough in aviation is a pioneering project and is expected to encounter red tape and failures along the line. The loss of 26 Marines and 4 civilians recently is considered the most noteworthy failure in a series of minor glitches in Osprey’s development. Other delays for the project are government-related stuff like lack of parts, logistics, false alarms, system failures, etc. The USMC corps is however undeterred and after 20 years in development, the V-22 is about to pay off big time with a safer, faster, and a very reliable combat transport.The V-22 was finally tested in March 2007. The first batch of these planes was delivered to the Marine Medium Tiltrotor Squadron 263 at New River, North Carolina. Initial shipment to USMC is at 360 units. The Navy also ordered about 48 and 50 for the Air Force.The Osprey has since then taken on lead roles in many blockbuster movies such as Transformers, helping further spread its impressive appearance. Its technical specifications however, are just as impressive as well. This plane is powered by twin 6,150-shaft horsepower turboshaft that drive a 38′ diameter three-blade proprotor at 47,500 pounds each. The engines are connected by a shaft that provides continuous lift and power if one engine fails.The Osprey was also designed to carry an additional external weight of 10,000 pounds for shorter hauls. Two pilots are going to fly this aircraft and to carry it to combat. 24 Marines plus their organic equipment can be transported at one time. It can be refueled in mid-air and so has great potential for worldwide deployment. The fuselage was designed to take on hits and withstand battle damage with graphite-reinforced epoxy composite, to make it lighter. As expected of military aircraft, the Osprey has redundant flight control, hydraulic, and electrical systems.While there are many skeptics about this recent development of such an amazing aircraft, including senators and lawmakers, the Osprey has a great potential to become a dominant technology news in the field. With proper training and preparation of its pilots, this plane will place on top among the list best aircraft anytime.
There is no better way of identifying an individual than using his or her own unique characteristics. Today, with the ever increasing awareness of privacy and data protection, biometrics technology is the safest and the most convenient way in identification. With the escalation of terror attacks at the start of the century, a new surge of urgency is felt to improve individual identification all across the board. Biometrics has now infiltrated commercial consciousness as laptops, mobiles phones, computers, and other home appliances can now be engaged using this amazing technology.There are two categories of biometrics being used today. One is physiological biometrics which measures characteristics that can be empirically identified such as the face, fingerprint, hand, iris, and DNA. Each person has unique composition in any of these things. Another category is labeled as behavioral which includes signature, voice, and keystroke. As with any type of technology, each of this items under these two categories has its own advantages and disadvantages. Let us get an overview of how each of them works.Fingerprint IdentificationEach person develops his or her unique fingerprint while still in the womb. The ridges and valleys for each individual is unique. Today there are four sensor designs to conveniently identify a person–ultrasonic, optical, active capacitance, and passive capacitance.Iris recognitionOne of the most accurate means of identifying an individual, iris recognition is a recent development in identification procedures in many countries. Due to its unique characteristics such as its flatness, the iris of the individual can be accurately measured since each diameter is consistent in each eye. As with fingerprints, the fine texture and unique patterns can be easily measured.Facial recognitionFacial recognition utilizes standard photographic techniques to record a human face. A seasoned photograph operator can measure the distances between the characteristics in the face such as center of the pupils, the outside corner of eyes, pattern of the hairline, the inside metric from the corners of the eyes, and other common facial recognition techniques used in our everyday life. To aid in a more objective process, there are specialized software that can automatically identify or verify a person from a digital image or even a video frame.DNA recognitionAlthough this technique is the most celebrated especially in resolving crimes, freeing innocent people from jail, and pointing the guilty party in a crime scene, there is a significant margin of error for this method of identification. There is about 1.5% of the Earth’s population sharing the same DNA pattern making them monozygotic twins. This is ironic since those same persons who share the same DNA composition will have different finger and iris prints. DNA profiling can also take time to produce results.SignatureThis technique in identification is fast turning into obsolescence due to fast advances in scanning technologies at present. A good case in point is the ability of congressmen to “sign” documents electronically by using their stored “true type” fonts.KeystrokeEach individual develops his or her own rhythm and timing when typing. Also known as typing dynamics, this technique measures the time between keystrokes and the timing of a key being pressed and released. Technically, data is recorded to determine the Flight time (the time between the key press) and the Dwell time (the time it took to press the key). A special algorithm is used to compare the typing pattern from a previously stored data for identification.Voice recognitionAlthough this technology has been around for forty years, voice recognition is still a very reliable means to identify individuals by using acoustic features unique to the speaker. Its non-invasive and non-intrusive characteristics make it an ideal person filter.These techniques in identification have proven their worth as the years passed. While some of them may not make it to Technology news anymore, each of them is still effective if used properly and in conjunction with other techniques. Many institutions are now employing a set of biometric identification techniques. It is not also surprising that in the near future, even a flash drive will feature a biometrics to safeguard even the most mundane of data it holds.
Today, it is not unheard of for schools to have access to many varied types of education technologies. Many public school systems are able to use interactive whiteboards, laptops, wireless slate devices, software, amplification systems, and document cameras to support learning for their students.While having the ability to teach students about technology and its use is wonderful, general education teachers are being asked more regularly to teach the students about a myriad of technology items. What if the teachers know no more (or perhaps know less) than the students to which they are to be teaching? This could serve as a challenge for students and teachers.Many states currently have, or are working on, putting technology standards into place at all public school levels. These standards serve an important purpose. While we want children to be able to learn about technology, making sure there is a scope and sequence is just as important. Teaching young elementary kids how to use a keyboard and mouse will be just as appropriate as instructing middle schoolers about online predators and internet safety. By having specific topics at each grade level that are developmentally right, teachers can make sure that there are no earning gaps for the children.Having qualified staff to educate our children is also an important consideration. When the regular education teak her is asked to fulfill this role, he may not feel technology literate himself. If the instructor is from an older generation, she may be intimidated and not be able to accurately teach the subject if not trained properly. If districts are expecting teachers to introduce technology standards, they should also be prepared with additional staff development opportunities at every level for all to partake. It is only fair to the instructor and the students.With so many new online etiquette rules, keeping up with the children becomes quite a task for anyone who works with them on a daily basis. Many times, students are more technologically advanced than the leader of the class. This poses a problem in many ways. Teachers must step up to the challenge of trying to stay one step ahead of the game by reading trade journals and asking technology directors within their district for the latest technology news. Being educated about trends will keep adults ready to approach this new learning avenue with confidence.
For those who follow cutting-edge technology news, it’s no secret that home automation technology is becoming more and more popular. “Smart homes” are not only cool, but also offer an immense amount of functionality that cannot be matched by homes that do not incorporate automation. As technology advances, trends come and go. Most people would agree, however, that it’s safe to say that home automation is here to stay, and that it will only become more and more advanced as time goes on. The following are some of the coolest trends in home automation technology for your home.Automated Drapery SystemsHate tying up the drapes each and every morning? You aren’t alone, which is why automated drapery systems are quickly finding themselves in more and more homes each year. With just the push of a button, you can command your drapes into their upright positions seamlessly and without effort. Automated drapery systems are not only cool looking, they are just another functional way to streamline your day.Electronic SconcesWhile traditional sconces are finding themselves getting phased out of homes as each year passes, electronic sconces are gaining in popularity, ending up in some of the most modern and progressive homes on the planet. LED powered sconces not only save on electricity, they are able to provide a unique and warm lighting that cannot be reproduced by any other type of fixture. To add a touch of class and progressiveness to your home, electronic sconces are the perfect solution.Home Lighting ControlPerhaps the most common and useful form of automation technology on the market is home lighting control. From a single hub, users can control every light in the house, and can perform a number of options, including dimming. Instead of running to the top floor to turn off a forgotten light, users can simply turn it off with a remote from where they are currently located. Home lighting control is a staple of home automation technology, and has streamlined the homes of thousands of individuals thus far.Automated Access ControlChances are that anyone with a home that utilizes automation technology will want to have some form of security system installed. While it is important to have a standard security system in place, automated access control takes things one step further by only allowing inside people who know the access code. This technology is utilized in professional and medical facilities each and every day, and is fast becoming more and more commonplace within homes across the world. With automated access control, you’ll never have to worry about who has access to your home and who does not. Automated access control is also a great way to seal off access to specific rooms in your home, such as an office or studio.Projection ScreensMany people who own smart homes equip them with projection screens to watch television and surf the Internet on, and for good reason. Not only do projection screens employ a high resolution, they can really raise the cool factor of whatever room they’re in. Combined with a great surround sound system, projection screens make for the ultimate in home theater.
It is a fascinating time for schooling and technology. Educational technology is persistently enhancing and more typical spot within the classroom. Google 21st Century Classroom Presentation. You are going to come across universities moving to a various kind of surroundings. Is this great? Are there difficulties with adding interactivity and engaging materials inside the school room? These issues will not be answered in this article. This article is intended to educate you on what technologies is presently obtainable for schools. We are also going to stick using the 21st Century Class theme.Engineering is the branch of understanding that deals with developing and utilizing technical procedures, such as resources and crafts, for interacting with existence, society, as well as the surroundings. Personal computers have certainly altered the way folks do just about anything, including how they manage private affairs, communicate; operate corporations, and how our youngsters are taught.Document cameras, projectors and computers are turning out to be typical spot in the classroom. Document cameras are an amazing piece of technology utilized in education today. Many universities nonetheless use transparencies and overhead projectors. Projectors and interactive whiteboards are a should ever because the World Wide Web became obtainable. Multimedia, simulations, videos, maps, study, and so forth… Projectors allow for whole class understanding and engaging discussions that extend from a specific subject or skill.Educators need to realize that student is much more secure typing up a paragraph around the computer instead of writing it over a piece of paper. These educators have to turn out to be component of the engineering revolution in order to be capable to integrate training technologies into their classrooms. Blogging, web layout, movie conferencing and joining on the web communities are just some of the methods educators can turn out to be much more familiar using the internet and technology era.With a lot of new on the internet etiquette principles, preserving up with all the children becomes pretty a process for anyone who operates with them over an every day basis. Numerous times, college students tend to be more technologically innovative than the leader from the class. This poses a trouble in many ways. Teachers must step up for the challenge of attempting to stay a single step ahead from the game by reading trade journals and asking technology directors within their district for your newest technology news. Becoming educated about trends will keep adults prepared to approach this new studying avenue with confidence.”Technically speaking,” academic technology, at times referred to as studying technology, is the study and practice of teaching and improving capabilities by building, using, and administering ideal technological processes and resources. Whether or not the chosen medium is a G.P.S device, an academic video clip, a metal detector, or even a computer, academic engineering provides for an enormous amount of interactivity. It permits faculty and college students to participate in dynamic demonstrations, simulations, and designs that can be utilized to explore and check theories. Experience free of charge to check out the web site Education Technology.
Home health care technology can assist baby boomers to successfully age in place by promoting independence and offering assistance when it is needed.Boomers have made it perfectly clear they want to remain in their communities and stay in their homes for as long as possible. The results of a survey conducted by The American Association of Retired Persons of September 2008 asked baby boomers if they agreed with this statement:”What I’d really like to do is stay in my current residence for as long as possible.” The results were:
80% of those between the age of 55-64 agree
88% believe that it is likely that they can
75% of those that responded between the mid 50′s and mid 60″s believe some aspect of their home will challenge their ability to do so (stairs being the biggest obstacle with 24%).So here is the surprising, yet disturbing news. Clarity conducted a research study that studied two groups: Baby Boomers between the ages of 43 – 61, with aging parents and seniors, age 65 plus, and still living independently, at home.The results of this study:
53% of the aging seniors in the study were concerned about their ability (despite their desire) to remain in their own homes. They cited concerns about health, memory and the ability to drive.
When asked about fears, seniors 26% ranked loss of independence. The highest,13%, feared moving into a nursing home and 3%, had a fear of death.
51% of boomers believe there is technology to help their parents. But only 14% have looked for any home health care technology.Aging seniors and baby boomers rank moving into a nursing home higher than they fear death.Baby boomers require taking action to successfully age in place and home health care technology is there to support them and their aging loved one. It is important to be proactive and not reactive to researching home health care technology.Research shows that most home health care technology is initiated in the home, only after an incident occurs. This incident, with an aging senior often results in an unnecessary hospitalization. Most accidents, that happen at home, can be prevented. The technology is available to maintain independence, prevent unnecessary hospitalizations and improve the quality of life of our aging seniors.Home health care technology is available to aging baby boomers now. In order to successfully age in place requires planning. Many boomers have aging loved ones that they are presently taking care of and providing assistance in the home. It will not be long and the boomers will require care and have the same goals: aging in place. Boomers, take action now to make your goal of aging in place a reality.
I am in my 50′s; not quite a senior, but definitely climbing that steep hill. Growing up, I lived in a world quite different from the one I live in now. My daughter marveled that we had none of the information age technologies teens rely on now, such as: cellular phones, computers, CD’s, DVD’s, fax machines, color television, portable music players (iPods/MP3′s, etc.), video game systems, digital cameras, social computer networking sites, computer dating sites, etc. A young person’s world is ripe with technology; in fact, they have become outright dependent on it. Teens already have cell phones with texting, and teens receive an average of 300 texts daily from friends. She cannot imagine the “impoverished” life I had!I say that with a grin, because I don’t consider my childhood a disadvantaged childhood. Though it was simple, it was natural, and as a result I was rail-thin and muscular. When my parents sent me out to play, my time was spent exercising; whizzing at break-neck speeds on my bike (with no helmet), making jumps for our bikes, building tree forts, climbing trees (and skinning knees), playing hour-long games of hide-and-seek, and lazy summers playing basketball and visiting with neighborhood friends, while listening to the radio. We watched black and white TV, and had to get up to change the channels by hand. We watched wholesome shows like Captain Kangaroo and Mister Rogers. We didn’t need an answering machine because we were the answering machine (we’d hollar, “Mom! Phone!”), and the phones were rotary dial with long tangled chords that stretched a mile. We interacted socially because we had to; there were no video games or 500-channel TV’s, or emails or texts to answer. We had just you and me, and so we learned to listen, and to relate to one another on a very personal level. I’ve asked myself how this technological revolution has impacted interpersonal communication? Has it been a positive development, or has it crippled our interpersonal communication skills, and our ability to be proficient listeners? How “present” are we to those around us?Overall, I believe the information age has been a very positive development for commerce. It has created a world wide web of business and trade interconnectedness, so that business is accomplished at the speed of phone calls, emails, faxes, and the international delivery planes and trucks. It has made education available for home schooling and online college educations. It has brought world news and online education to every country in the world. Knowledge shared has improved living conditions and relieved countries of poverty that otherwise would still be suffering. Technology has developed new methods to diagnose and treat diseases, and developed cures for diseases. It has broken down communication barriers due to distance. The sharing of information, because of the internet, has catapulted the world into a large village, where an internet connection can mean the difference between life or death. Technology in the 21th century has been our greatest achievement.However, gone are the lazy days of Summer. For most children, no more biking at break-neck speeds, climbing trees, and playing hide and seek with the neighbor kids until after the sun goes down. Today, parents are afraid of leaving their children unattended, and rightly so. Instead, you see kids in the house, in front of the TV, either watching it or playing video games. Or they are playing their hand-held video games, texting, or spending time on social media. The neighborhood kids look curiously at the other neighborhood kids, but don’t cross that invisible boundary, because today it may not be safe to go play at the neighbor’s house. As a result, children have become isolated. They go to school and play with the kids in class, but don’t know their neighbors. Instead, like my daughter did, they text their friends from their homes, or play on the computer. Today’s children have a technological social village, instead of a face-to-face interpersonal circle that they can rely on. There aren’t gangs of neighborhood kids banding together for fun any longer. Instead, they relate online or via text. Technology has created an invisible barrier between people. What repercussions has this caused?It seems that today’s children have a very short attention span. They are in a hurry to get on to the next thing. Listening is not a skill which they know very well. They are used to being entertained, and at the touch of a button. They are used to instant everything: instant meals at the drive through, instant communications via text or instant messaging, music videos whose images flash a new image every 4 seconds, instant, instant, instant! Their wants are satiated immediately. I believe this has created a culture of intolerance of the older generation, whose childhoods were much less hurried, and a thirst for efficiency. Patience is a lost art. Empathetic listening is boring. There is an interpersonal connection that has been lost in this technological trade-off. Our society has traded human sympathy, empathy and patience for speed and efficiency. I believe this interpersonal disconnection has left us all at a loss for how to genuinely connect from the heart with one another.My hope is that the generation to come will find more of a balance between technology and human relatedness. I don’t expect that the lazy days of Summer will ever return. What I hope is that future generations who move at the speed of the information age will also learn to communicate with genuineness and compassion that springs only from the heart. Then we will truly have the best of both worlds.
The Bad NewsWorld-wide, more than a million people are killed by cars every year. (The numbers are easy to check on line.) In the USA alone, auto accidents cost each and every American – man, woman and child – over a thousand dollars per year. That’s over $150 billion a year. Every 12 minutes, someone dies in a car crash on U.S. roads, and every 10 seconds, someone in America is injured by a car and taken to an emergency department. Every ten seconds!But that’s just the tip of the iceberg. According to the National Safety Council of the United States,The calculable costs of motor-vehicle crashes are wage and productivity losses, medical expenses, administrative expenses, motor vehicle damage, and employers’ uninsured costs. [... ] The costs of all these items for each death (not each fatal crash), injury (not each injury crash), and property damage crash were:Average Economic Cost per Death, Injury, or Crash, 2010- Death $1,410,000- Nonfatal Disabling Injury $70,200- Property Damage Crash (including nondisabling injuries) $8,900[... ]Expressed on a per death basis, the cost of all motor vehicle crashes i.e. fatal, nonfatal injury, and property damage was $7,280,000.[... ]
Since the number of deaths from car accidents in 2010 was almost 33,000, the total cost of them all was over $240 billion. In just one year!Egads! and Gadzooks! Compare that with death by terrorist attacks and school shootings and the like, all of which combined, since the year 1857, have not, in the USA, exceeded 5,000. To put that in perspective, in the same 150-year period over 3,200,000 people were killed by cars in the US alone. That’s over 600 times as many as killed by terrorists. It’s a mind-bogglingly disproportionate ratio. (Worse still, the US Department of Transportation spends only about $5 billion a year on its safety programs, while the NSA, CIA and FBI have a combined budget that’s almost four times as large.)And that’s just the deaths caused by road crashes. Injuries are far more prevalent. There are around 6 million road accidents every year in the US alone, and around 3 million people are injured by them. The economic cost of all of these, in the form of cost of treating them and work-hours lost, is incalculable. It could well be half a trillion dollars every year. Given that the GDP of the United States is only $14 trillion or thereabouts, that comes to 3.5% of the entire output of the USA just going down the drain, year after year.The Good NewsFortunately it doesn’t have to be this way. We already possess the technology to almost eliminate vehicle accidents involving other vehicles, and to drastically reduce accidents involving cars on the one hand, and people on the other. All that’s needed is to have the will to mandate this technology in every auto; and that’s not too much to ask in the interests of safety, because we’ve already exercised our will to mandate seatbelts and airbags for the exact same reason.Here’s how it could work. GPS systems are ubiquitous and cheap, and are installed in pretty much every new vehicle these days. They are also small: some can even fit into a pocket. Wi-fi is even more ubiquitous and inexpensive: it’s built into every computer, tablet and cell phone sold today. And both GPS systems and wi-fi are getting cheaper by the year. To make them work to avoid accidents, all that’s needed is software that will take into account an object’s mass, speed and direction of travel, so as to predict exactly where it will be a few seconds (or microseconds) later, if it keeps going the way it’s going. Such software is easy to write: in fact it already exists to enable airline pilots to land airplanes in the worst of weather and with zero visibility. (Of course we only have to write the software once: the cost of developing it, even if high, can be spread over literally billions of cars.) Combine the three – GPS, wi-fi and the necessary software – into a single gadget, and then mandate that such a gadget be installed in every road vehicle… and you’d have the essence of an early warning system that could predict and help prevent every road collision. Each such gadget would broadcast its GPS coordinates, via wi-fi, to every other such gadget in its vicinity, and every other such gadget would use its built-in software to determine whether a collision is imminent.Such systems could first of all alert the driver, using lights and/or sounds, that a collision is imminent, leaving the driver to control the car and avoid the collision. Any prudent driver will do so, of course, after having been so alerted. However, if the driver is incapacitated, stupid, or drunk, the system could be designed to automatically slow the car down to avoid the collision, taking over control from the driver. Some drivers may not like it, just as many drivers the world over don’t like seatbelts, but if the system were mandatory and tamper proof, they would have no choice. It’s not just for their own good, but for the good of everyone else they could ruin the lives of, so there’s ample legal and ethical reason to mandate such a thing.The cost per vehicle would be miniscule. Even if each such gadget were to cost a thousand dollars – and that’s pushing it, since GPS systems cost only a couple of hundred dollars each – since only 17 million or so cars are sold in the US every year, it would mean an annual US expenditure of only $17 billion, which, compared with the $240 billion that road accidents cost the American economy every year, is next to nothing. In fact, even if it were mandated that such a gadget be retrofitted to every single vehicle - and since there are about 250 million road vehicles in America today (that includes cars, trucks and motorcycles, of course) – it would only be a one-time expense that costs just a tad more than traffic accidents cost the US economy every year.But, you may ask, what about accidents between cars on the one hand, and people on the other? Such accidents would also be easy to prevent, if people were to carry GPS transmitters on their persons: transmitters which would inform all vehicles in their vicinity of their location. Such transmitters could be made small enough to carry in a pocket, or even embed in a wrist watch; and since they would only amount to a wi-fi equipped GPS, they would be extremely cheap. As a matter of fact, personal GPS locators sold these days – about the size of a cookie – cost less than a couple of hundred dollars, and will surely get even less expensive as time goes by. Any car equipped with the gadget proposed here would be able to take into account people carrying such wi-fi-enabled GPS transmitters, and avoid hitting them.As for accidents involving cars and other stationary objects like lamp posts, those are even easier to prevent, since the exact GPS coordinates of every lamp post in the world is easily obtainable from such things as Google Earth. Just program these coordinates into the gadget installed in every car, and Bob’s your uncle.Anyway – you get the point. Given the fact that automobile accidents are listed by the World Health Organization in the top ten causes of death in the world, and given in addition that the CIA World Factbook gives the world mortality rate as 8.37 persons per 1,000, it comes to almost 1.23 million people being killed world-wide by motor vehicles every year. In a single lifetime (of the Biblical three-score-and-ten years) that would be more than the entire population of Germany – the most populous nation in Western Europe. Do we really want all those deaths on our conscience? If not, then don’t you think we should agitate for the installation of the system recommended above, asap?
It’s Monday June 12, 2006, and the Dow gave up over 350 points last week as investors continue to be on the fence as it relates to a potential interest rate hike here in the United States. Global Markets have already shifted, from Europe to Asia, interest rate hikes occurred across the board.A big factor for the U.S. is this Tuesday as the wholesale price report comes out and this Wednesday as the consumer price index is released. So both traders and economist are waiting for these figures as they will give a better indications as to whether Ben Bernanke will announce a rate hike or not during the June 28-29th Fed Meeting. So stay tuned….Over the weekend the first storm of the 2006 Atlantic Ocean Hurricane Season, Tropical Storm Alberto, dropped over 18 inches of rain in Western Cuba in a 24-hour period, this forced the evacuation of close to 27,000 people. Now this is important because this is the start of hurricane season and Tropical Storm Alberto is heading to Florida, it was tagged as a depression on Sunday and now it’s tagged as a tropical storm as of this morning. The hurricane season will begin to chime in as it relates to crude oil prices, of course the situation in Iran is a big factor as well. We’ll update you on this situation tomorrow.The first film that has been released by the Disney (NYSE: DIS) Pixar combo did well this weekend as it raked in over $63 million, but this is shy of the estimates. The street was expecting the film to gross between $70-$80 million at the box office this weekend. We even got wind of estimates of $100 million, which was a bit of a stretch. Now bear in mind that this film will do very well globally in the coming weeks and that is what investors need to look at, of course the first outing is important but it will not show you the true value of the Disney-Pixar combo. You may see a slight downturn in Disney today but expect that to be short lived as the street looks down the road and beyond the brick as opposed to looking solely at the weekend box office receipts.As an investor you need to look at what the companies are currently doing but if you are investing in a company then you are betting that they will do well in the future. So with that in mind you need to look at what companies are doing now and what they could potentially do in the future. A prime example of that is General Motors (NYSE: GM), we’ve been speaking about the “American Icon” for a little bit now and for good reason, the street pounded the stock when the company was on the ropes. As GM began to align the right people and put together the right plan to implement then the street took notice. Now they have been executed their plan piece by piece and they are not even close to being done. Now as an investor had you done your homework or at the very least listened to what we had to say then you would have seen what we saw in the $19 range but it’s far from out of your reach at this point. This is why General Motors is our turnaround spotlight for 2006. We’ve also made one other addition to the “Turnaround Spotlight” and that company is IAC/InterActiveCorp (NASDAQ: IACI).We spoke about Zale Corp (NYSE: ZLC) on Friday as they received a bump up by Goldman Sachs, and it looks like it was for good reason as Signet Group PLC (NYSE: SIG), the specialty jeweler retail store is said to be in talks with Zale for a potential merger situation. Now Signet operates over 1200 retail jewelry stores here in the United States under the names Kay Jewelers, and Jared The Galleria Of Jewelry and over 1800 globally while Zale operates over 1400 retail jewelry stores here in the U.S. The combination of the two should make them the largest jewelry retailer in the country.The stock options probe continues as more companies are thrown into the mix, the latest companies to be targeted by informal inquiries by the SEC include Broadcom (NASDAQ: BRCM) and Intuit, Inc (NASDAQ: INTU). They join the likes of UnitedHealth (NASDAQ: UNH) and Power Integrations (NASDAQ: POWI) in a probe that seems to be more of a witch hunt of sorts than random inquiries. Now at least the companies that were initially targeted are not alone in the investigation that in some cases have went to the U.S. Attorneys officer of both New York and California.Lets talk about cell phones for a minute, both Nokia (NYSE: NOK) Motorola (NYSE: MOT) may begin to feel the pinch of over saturation in the mobile phone market. Texas Instruments (NYSE: TXN) even though they showed good numbers gave a lower outlook for future quarters, they make chips for cell phones. Even though there are more cell phones sold in the United States than computers, that pace is sure to slow down. Motorola however did unveil a new phone to compete with both Research in Motions (NASDAQ: RIMM) Blackberry and Palm’s (NASDAQ: PALM) Treo, this may not be enough to put them over the top but they are in better shape than Nokia who just lost their CEO that helped to bring real value to the company during his tenure.Movers and ShakersSome major movers in Friday’s trading session include the healthcare information systems company Quality Systems Inc (NASDAQ: QSII), the stock traded up $5.25 to close at $37.25 and this movement start before the bell as the company announced late Thursday that their net income jumped 59 percent and their sales increased 39 percent. The street expected 23 cents and Quality Systems shocked them with a 28 cents EPS. Back in January of this year the stock traded in the $37 range before it bumped up to $45.44 exactly one month later. Keep in mind after it hit that $45.44 number the stock nosedived pretty quickly, but it looks to be in better shape now than it was earlier this year.Royal Group Technologies (NYSE: RYG) shot up over $3.28 on Friday to close at $11.28 after they agreed to be taken over by Georgia Gulf Corp (NYSE: GGC) for $11.64 a share, This is a play that is over so don’t jump in because this is a stock that has pretty much flat lined since its $20 and change high back in 2002. They really have no choice but to inked the deal quickly before Georgia Gulf shareholders give a big “What’s up with that” to the board of Georgia Gulf.Focus Media Holdings (NASDAQ: FMCN), lets touch on this quickly, the stock bounced back from the dip to $51.56 it made on June 8, 2006 and that just may be it. It closed up $2.49 on Friday to close at $54.05. We told you to keep this on your watch list at $68 because it was hitting a ceiling and it did for the third time, because of a combination of market conditions and additional stock hitting the market from an offering. Now this stock at some point will break through that $69.95 high in2006. I say this because they are the leader in digital signage in China, an ever-expanding market, and they want in on the massive United States Market. So they will either look to do this themselves, which is unlikely or quire a smaller digital signage company in the U.S. to gain footing. We told you that Impart Media Group (OTCBB: IMMGE) is a good candidate for this once they get listed on a higher exchange. So here’s the situation, Focus Media looks to be done on the downside and we see it breaking through the ceiling that it hit three times in a row, even if it gets up there and hits the ceiling again you are looking at a nice run.The energizer bunny has put some life into Energizer Holdings (NYSE: ENR) as the stock climbed up another $1.53 to close at $56.18. This is due in part by an upgrade by Sun Trust Robinson but look beyond that as we mentioned we are headed into hurricane season and people in those states that are prone to hurricanes will be getting their supply of non-perishables and water in order, as well as their flashlights. This will surely give a nice boost to Energizer this summer but keep in tune to it because if the stock should come close to their 52 week high of $65.44,it could slip down easily once the hurricane season ends.After a fall from the $80 range on Thursday June 8, 2006 to $76.52, Emerson Electric (NYSE: EMR) powered back up on an upgrade by Citigroup. It may bounce up a bit but slip right back down until it finds a new base. So if you are looking at Emerson you need to keep on top of it.Other stocks that made moves on the upside include Hansen Natural (NASDAQ: HANS) which traded up $4.76 to close at $165.76, Overseas Shipholding (NYSE” OSG) traded up $2.65 to close at $53.65, Bunge Limited (NYSE: BG) traded up $2.36 to close at $56.12, Invitrogen Corp (NASDAQ: IVGN) traded up $1.76 to close at $64.84, Centex Corp (NYSE: CTX) traded up $1.61 to close at $47.13 and Itron (NASDAQ: ITRI) which traded up $1.87 to close at $56.68.Under TenNow lets take a look at movers in the market under ten bucks, Particle Drilling Technology (NASDAQ: PDRT) traded up 42 cents to close at $3.73 on volume of only 139,000. The company developed an advanced drilling technology that uses a custom drill bit that would allow for deeper penetration of Gas and Oil wells. It actually allows for penetration through those areas that would normally be extremely difficult to drill, such as abrasive zones. Particle Drilling is trading very close to its 52 week low of $3.25 and may be a company to look at as the United States look to ramp up their drilling activity.Isolagen Inc (AMEX: ILE) traded up a quarter to close at $3.10 on Friday. Now the company looks to have cleaned house as they have finally appointed a new CEO after having an Interim one in place for some time. They also appointed a new CFO and other executives to their team. Now this is a stock that traded as high as $12 back in 2004 and as low as $1.25 last year.Other stocks that move higher on Friday under ten bucks include Seattle Genetics (NASDAQ: SGEN) which traded up 19 cents to close at $4.18 on over 2.2 million shares traded, Aether Holdings (NASDAQ: AETH) traded up 17 cents at $4.29 on over 4.7 million shares traded, U.S. Energy Systems (NASDAQ: USEY) traded up 25 cents to close at $3.10 and Epix Pharmaceutical (NASDAQ: EPIX) which traded up 38 cents to close at $4.04.DownersWe spoke about Apollo Group (NASDAQ: APOL) on Friday morning, the stock jumped up to $54.17 before it clipped down to $53.18, now this is due to the company being proactive and hiring an independent firm to look into their stock options practice. As we mentioned the stock options probe is continuing to grow but this proactive move may bite Apollo as the street could interpret this as negative news. You should expect for the stock to trade lower as investors are probably just beginning to read the recent headlines.Pozen Inc (NASDAQ: POZN) just fell out of bed on Friday as the FDA postponed the approval of Pozens Migraine drug Trexima, but this one seems to be overdone because the stock traded down $8.59 to close at $5.52. So you may get a little bounce in the stock as the shorts begin to cover and move on to the next shorting situation at hand.Georgia Gulf Corp (NYSE: GGC), we mentioned them this morning as they are looking to acquire Royal Group Technologies (NYSE: RYG) for $11.64 a share. Now this could be a catalyst to Georgia Gulf being dragged down. The stock traded down $4.26 to close at $26.23 on Friday. This still has to be approved all around, but this acquisition could actually cause more harm than good to GGC.Keep an eye on Take-Two Interactive (NASDAQ: TTWO) as the stock was flirting with its 52 week low of $13.64 on Friday, if it should break that low it could slide into the low $12 range, a point it has not seen since 2003.Other stocks that traded down on Friday include China Petroleum (NYSE: SNP) which traded down $2.42 to close at $50.25, Aluminum Corp China (NYSE: ACH) traded down $2.52 to close at $67.85, Fluor corp (NYSE: FLR) traded down $1.98 to close at $86.60, Peabody Energy Corp (NYSE: BTU) traded down $1.87 to close at $52.25 and The NYSE Group (NYSE: NYX) which traded down $2.25 to close at $57.15 on Friday.Now some stocks under ten bucks that received the royal smack down on Friday include Neomgic Corp (NASDAQ: NMGC) which traded down 56 cents to close at $3.14, Peru Copper (NASDAQ: CUP) traded down 49 cents to close at $4.99, Encore Medical (NASDAQ: ENMC) traded down 24 cents to close at $4.74, Apac Customer Services (NASDAQ: APAC) traded down 21 cents to close at $1.92, Sonus Networks (NASDAQ: SONS) traded down 20 cents to close at $4.35 and Micromet (NASDAQ: MITI) which traded down 24 cents to close at $4.40 on Friday.Investors CommentaryAnd the Readers/Listeners Speak:Jody from South Dakota: “I want to ask you about Crystallex International Corp, do you think that the play is over with this one? Especially with Gold and other precious metals coming off of several year highs.”Jody, to tell you honestly I did like Crystallex International (AMEX: KRY) a few months back but at this point with Gold slipping a bit and current market conditions I’d say take a step back and if you still like the company wait for it to pull in some more. KRY could fall back into the mid to high $2 this summer, so you need to be very in tune to this one because it could slip in a hurry.James in California: “You mentioned that Jones Soda could be the next one to make a move, with their low earnings do you think that they can actually compete with Hansen Natural’s Monster Drinks or Red Bull?”James, Jones Soda (NASDAQ: JSDA) is a little different than Hansen Natural (NASDAQ: HANS), they sell more of a life style than a single product, so they are more than a one trick pony. The best way to play this one now is to look at the trading range, you can pick up cheap stock when it falls under $9.75. The street at this point is not aware of the company’s true value and this is what makes it a good play because once the street starts to cover their story and the stock then you will see investors and institutions flocking to Jones Soda, so you want to be in before the noise. Do your homework on this one because its worth the time spent researching it.Adam in Connecticut: “I just wanted to say that I am enjoying “Wall Street to Main Street”, its very informative, keep up the good work”Adam, thanks for the kind words, we work hard and try to feature what we feel would present good opportunities and unique situations that you as an investor could see once you do the homework. So hearing good things from our listeners and readers makes us work harder.Leslie in New York: ” I’ve been looking at two companies that were mentioned on Television last week, they are Finisar Corporation and Ivanhoe Energy, what do you think?”Leslie, Lets tackle them one at a time, first lets tackle the fiber optic subsystem manufacturer Finisar (NASDAQ: FNSR) you are looking at a company that is on a downward pattern and falling, this one could actually end up at $2.50 to $2.75 before its said and done. So if you like the company, wait for it to pull in some more before you jump in blindly.Next lets tackle the energy company Ivanhoe Energy (NASDAQ: IVAN), the stock is actually not in a bad place trading wise but it can still fall to the low $2 range if it slips past $2.55. They received an upgrade by Jefferies recently but that helped to push it from the low $2 range to the high $2 range, I do not see anything spectacular happening with the company at this point but if you are a long term investor it may work for you, just be prepared for it to slip down a little more. I would say for you to be prudent and do your homework on both of these companies as you may be married to them for some time once you invest in the companies..Keep you questions and commentary coming in. Thanks for the emails.We cannot stress enough that investors need to do their due diligence, call the companies, get the information, consult with your investment advisor and if you do not have one consider getting one. Put the same time into investigating these companies as you do when you go to purchase a new television, it’s only for your protection. When it comes to thinly traded securities stagger your orders or put a limit order in to avoid a run up.Louis VictorNAMC Newswire888-463-9237Disclaimer:
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