Friday, September 11, 2009

Thursday, September 3, 2009

Executive Pay Continues Skyward...

The "shareholders" mentioned here are really executives at financial firms, like mutual funds, etc.
 
It would appear that they are uninterested in restraining excessive pay for themselves and for others...
 
From the Wall Street Journal...
 
Shareholders this year approved executive-pay packages at every public company that received funds from the Treasury Department's $700 billion Troubled Asset Relief Program and disclosed the results of the vote, according to a recent analysis.
 
The findings call into question the value of such "say-on-pay" resolutions, says David Wilson, a securities lawyer and author of the study. They come as the U.S. Senate prepares to vote this fall on a bill that would give shareholders of all public companies advisory votes on executive compensation, following the passage of a similar measure by the House of Representatives in July.

Wednesday, September 2, 2009

Cordless Electric

(CNN) -- Electronics such as phones and laptops may start shedding their power cords within a year.

Wireless electricity may soon make tangled power cords a thing of the past.

Wireless electricity may soon make tangled power cords a thing of the past.

That's the prediction of Eric Giler, CEO of WiTricity, a company that's able to power light bulbs using wireless electricity that travels several feet from a power socket.

WiTricity's version of wireless electricity -- which converts power into a magnetic field and sends it sailing through the air at a particular frequency -- still needs to be refined a bit, he said, but should be commercially available soon.

Giler, whose company is a spinoff of a Massachusetts Institute of Technology research group, says wireless electricity has the potential to cut the need for power cords and throw-away batteries.

"Five years for now, this will seem completely normal," he said.

"The biggest effect of wireless power is attacking that huge energy wasting that goes on where people buy disposable batteries," he said. Watch Giler demonstrate the idea

It also will make electric cars more attractive to consumers, he said, because they will be able to power up their vehicles simply by driving into a garage that's fitted with a wireless power mat.

Electric cars are "absolutely gorgeous," he added, "but does anyone really want to plug them in?"

Ideas about wireless electricity have been floating around the world of technology for more than a century. Nikola Tesla started toying with the ability to send electricity through the air in the 1890s. Since then, though, making wireless electricity technology safe and cheap enough to put on the market has been an arduous task for researchers.

Engineers have developed several ways to convert electricity into something that's safe to send through the air without a wire. Some of their technologies are available on commercial scales, but they have some limits.

Low-level power

One set of researchers is able to send power over long distances but in very small amounts.

For example, in 2003, a Pittsburgh, Pennsylvania, company called Powercast used radio waves to light a low-power LED bulb that was 1.5 miles from its power source, said Harry Ostaffe, spokesman for the company.

Now, Powercast's technology is used in office buildings to power temperature sensors that regulate air conditioning systems and in other low-power applications. The company also has sold wireless artificial Christmas trees strung with LED lights for about $400, Ostaffe said.

But radio waves can't transfer the larger amounts of electricity needed to power laptops or mobile phones, he said.

Power pads

Another type of wireless electricity technology can send large amounts of power over very small distances, often not more than a few centimeters.

Such technology is available today, but only in minimal ways. Think, for instance, about electric toothbrushes that sit on charging cradles but don't actually plug in.

One problem with the high-power, small-distance idea is that each device requires its own charging pad, and consumers hate that, said Menno Treffers, chairman of the steering group at the Wireless Power Consortium. The group formed in late 2008 to promote standardization of the technology.

Treffers said consumers soon should be able to buy one power pad that would charge all of their electronic devices. It might look like a placemat, and cell phones, remote controls and appliances would charge automatically when they're placed on the pad.

"The key reason to do it is convenience, because if you want to get rid of all the different power supplies, there are other ways that are cheaper," he said.

The pads, which would rely on electrical sockets as their initial sources of power, also would be more energy efficient than plugging all of the devices into power sockets directly, he said. The pads would shut off automatically when a device has finished charging and are about 70 percent to 90 percent as efficient as transferring power through a wire, he said.

Wire-free chargers for a single item are relatively cheap: about $10 to build, he said. But it's unclear how much pads that could power a living room worth of equipment would cost, he said.

'Magnetically coupled resonance'

Ultimately, Giler's group from MIT wants to combine the best of both worlds: large amounts of power sent over long distances.

Their technology is called "magnetically coupled resonance," and it basically sends a magnetic field through the air at a specific frequency that an an enabled phone or TV can pick up and turn back into electricity. It works kind of like sound. Think about how an opera singer can break a wine glass if he sings at just the right frequency.

Adding the technology to cell phones, mp3 players and other devices should not increase their cost much, he said.

Despite Giler's optimism, there are some doubts about magnetically coupled resonance.

Treffers said there may be health risks associated with the magnetic fields created in the MIT process. Giler said the technology would produce magnetic fields that are "about the same density as the earth's magnetic field."

He said wireless electricity has many environmental benefits. Companies make about 40 billion disposable batteries each year, he said, and wireless electricity could do away with that.

The biggest barrier to the technology's adoption, he said, is that people just aren't familiar with the idea.