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	<title>nanotech &#8211; CalWatchdog.com</title>
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		<title>Longevity breakthroughs make gov pensions even more of a gold mine</title>
		<link>https://calwatchdog.com/2014/05/05/longevity-breakthroughs-make-pension-reform-even-more-crucial/</link>
					<comments>https://calwatchdog.com/2014/05/05/longevity-breakthroughs-make-pension-reform-even-more-crucial/#comments</comments>
		
		<dc:creator><![CDATA[Chris Reed]]></dc:creator>
		<pubDate>Mon, 05 May 2014 13:15:03 +0000</pubDate>
				<category><![CDATA[Blog]]></category>
		<category><![CDATA[Demographics]]></category>
		<category><![CDATA[Inside Government]]></category>
		<category><![CDATA[Pension Reform]]></category>
		<category><![CDATA[Waste, Fraud, and Abuse]]></category>
		<category><![CDATA[public employee pensions]]></category>
		<category><![CDATA[science fiction]]></category>
		<category><![CDATA[sci-fi]]></category>
		<category><![CDATA[CalPERS]]></category>
		<category><![CDATA[bio tech]]></category>
		<category><![CDATA[Chris Reed]]></category>
		<category><![CDATA[computer sciences]]></category>
		<category><![CDATA[life expectancy]]></category>
		<category><![CDATA["Elysium]]></category>
		<category><![CDATA[nanotech]]></category>
		<category><![CDATA[longevity]]></category>
		<guid isPermaLink="false">http://calwatchdog.com/?p=63256</guid>

					<description><![CDATA[On Sunday the Drudge Report sent Twitter abuzz with the report of a hugely significant breakthrough on aging and longevity: &#8220;It may seem the stuff of gothic horror novels, but]]></description>
										<content:encoded><![CDATA[<p><img fetchpriority="high" decoding="async" class="alignnone size-full wp-image-49926" src="http://calwatchdog.com/wp-content/uploads/2013/09/LifeExpectancy.jpg" alt="LifeExpectancy" width="375" height="330" align="right" hspace="20" srcset="https://calwatchdog.com/wp-content/uploads/2013/09/LifeExpectancy.jpg 375w, https://calwatchdog.com/wp-content/uploads/2013/09/LifeExpectancy-300x264.jpg 300w" sizes="(max-width: 375px) 100vw, 375px" />On Sunday the Drudge Report sent Twitter abuzz with the report of a <a href="http://www.telegraph.co.uk/science/science-news/10807478/Vampire-therapy-could-reverse-ageing-scientists-find.html" target="_blank" rel="noopener">hugely significant breakthrough</a> on aging and longevity:</p>
<p style="padding-left: 30px;"><em>&#8220;It may seem the stuff of gothic horror novels, but transfusions of young blood could reverse the ageing process and even cure Alzheimer’s Disease, scientists believe. &#8230;</em></p>
<p style="padding-left: 30px;"><em>&#8220;Now scientists have found that young blood actually ‘recharges’ the brain, forms new blood vessels and improves memory and learning. </em></p>
<p style="padding-left: 30px;"><em>&#8220;In parallel research, scientists at Harvard University also discovered that a ‘youth protein’ which circulates in the blood is responsible for keeping the brain and muscles young and strong.&#8221;</em></p>
<p>We can expect to see a Manhattan Project-sized push to be able to make synthetic enriched blood in coming years.</p>
<h3>When a lifetime pension means 50 years on the dole</h3>
<p><img decoding="async" class="alignnone size-full wp-image-49930" src="http://calwatchdog.com/wp-content/uploads/2013/09/elysium_safepassage_thumb_374x222.jpg" alt="elysium_safepassage_thumb_374x222" width="374" height="222" align="right" hspace="20" srcset="https://calwatchdog.com/wp-content/uploads/2013/09/elysium_safepassage_thumb_374x222.jpg 374w, https://calwatchdog.com/wp-content/uploads/2013/09/elysium_safepassage_thumb_374x222-300x178.jpg 300w" sizes="(max-width: 374px) 100vw, 374px" />It may seem strange to see such stories and consider them through the prism of public policy disputes. The wonk in me can&#8217;t help it. What about the implications of lifetime pensions if the average CalPERS pensioner lives to 100 or more?  I wrote about this for Cal Watchdog <a href="http://calwatchdog.com/2013/09/16/life-imitiates-sci-fi-why-ca-pension-crisis-is-likely-to-get-far-worse/" target="_blank">last September</a>:</p>
<p style="padding-left: 30px;"><em>&#8220;Having a defined-benefit government pension when you live on average until you are 81 or 85 is already an immensely lucrative and reassuring fact of life for public employees. But having such a pension when you live until 100 is a gilded gift, one that makes past complaints about government employees being a special protected class seem simply inadequate.</em></p>
<p style="padding-left: 30px;"><em>&#8220;Barring a change in benefits or a dramatic increase in the minimum retirement age, public employees would enjoy an advantage so pronounced that it would be somewhat akin to that owned by the privileged elite who live in a satellite colony rotating around a decaying Earth in the science-fiction film &#8216;Elysium.'&#8221;</em></p>
<p>If we really did have giant life-expectancy gains, or course that would have a million effects beyond government pensions. But if that means we have a society with a life expectancy of 100 in which Social Security and Medicare are supposed to provide enough sustenance to people over 67 so they don&#8217;t have to work, then &#8230;</p>
<p style="padding-left: 30px;"><em>&#8220;&#8230; it is impossible to conceive of a federal budget in anything even vaguely resembling its present form.</em></p>
<p style="padding-left: 30px;"><em>&#8220;The main hope of averting fiscal disaster then might be what economics writer Matt Yglesias and some futurists call the emergence of a &#8216;<a href="http://en.wikipedia.org/wiki/Post-scarcity_economy" target="_blank" rel="noopener">post-scarcity&#8217; world</a> &#8212; one in which combinations of technology have sharply reduced the cost of material goods.</em></p>
<p style="padding-left: 30px;"><em>&#8220;But if praying for a &#8216;post-scarcity&#8217; world is the best that most private-sector workers can do in contemplating how they&#8217;ll fare in a California with life expectancy of 100, that&#8217;s a striking contrast to the outlook of government workers. They can look forward to three or four decades of retired life at 75 percent to 90 percent of their final pay. The rest of us? We can pray our reverse mortgages prop up our lifestyles for a while before we&#8217;re forced to mooch off our children or to move into a new urban phenomenon: slums for the elderly.&#8221;</em></p>
<p>This is a wildly exciting time to be alive, all belly-aching about pensions aside. If there is a &#8220;post-scarcity&#8221; world, California is likely to come up with many of the key tools as biotech, computer sciences and nanotech intersect to produce a science-fiction-feeling 21st century.</p>
<p>Count on Jerry Brown taking the credit.</p>
]]></content:encoded>
					
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			<slash:comments>73</slash:comments>
		
		
		<post-id xmlns="com-wordpress:feed-additions:1">63256</post-id>	</item>
		<item>
		<title>Why CA&#8217;s going to thrive: nanotech, biotech and, in particular, Google</title>
		<link>https://calwatchdog.com/2013/12/14/55280/</link>
		
		<dc:creator><![CDATA[Chris Reed]]></dc:creator>
		<pubDate>Sat, 14 Dec 2013 13:15:44 +0000</pubDate>
				<category><![CDATA[Blog]]></category>
		<category><![CDATA[California economy]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[Apple]]></category>
		<category><![CDATA[Chris Reed]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[self-driving cars]]></category>
		<category><![CDATA[Silicon Valley]]></category>
		<category><![CDATA[nanotech]]></category>
		<category><![CDATA[biotech]]></category>
		<category><![CDATA[OK Google]]></category>
		<guid isPermaLink="false">http://calwatchdog.com/?p=55280</guid>

					<description><![CDATA[I will always remember 2013 as the year that I became a downright-giddy optimist about California&#8217;s future. Regardless of the massive incompetence and (mostly legal) corruption of its government leaders,]]></description>
										<content:encoded><![CDATA[<p>I will always remember 2013 as the year that I became a downright-giddy optimist about California&#8217;s future. Regardless of the massive incompetence and (mostly legal) corruption of its government leaders, the Golden State is going to be saved by its extraordinary tech entrepreneurs and scientific geniuses. California is poised to lead the world in <a href="http://www.forbes.com/sites/brucedorminey/2013/02/26/nanotechnologys-civilization-changing-revolutionary-next-phase/" target="_blank" rel="noopener">nanotechnology</a> and <a href="http://www.thelifesciencesreport.com/pub/na/biotech-ideas-that-will-change-the-world-patrick-cox" target="_blank" rel="noopener">biotechnology</a>, which have <a href="http://www.popsci.com/science/article/2012-11/7-amazing-ways-nanotechnology-changing-world" target="_blank" rel="noopener">already transformed</a> many industries and will soon do the same to many more.</p>
<p>Then there are the iconic California companies. I think 2013 is also the year where Mountain View-based Google became way more interesting and future-shaping than Cupertino-based Apple. While the company may get the most headlines for its forays into personal technology &#8212; making the <a href="http://crave.cnet.co.uk/mobiles/how-the-nexus-5-and-moto-g-defined-phones-in-2013-50012989/" target="_blank" rel="noopener">cheapest good and the cheapest very good</a> smartphones, the first individually <a href="customizable smartphone" target="_blank">customizable smartphone</a>, and, of course, <a href="http://www.google.com/glass/start/" target="_blank" rel="noopener">Google Glass</a> &#8212; it is on a roll in so many other ways as well.</p>
<p>Consider two stories that came out on Friday alone. Both are jaw-dropping in their implications.</p>
<p><img decoding="async" class="alignnone size-full wp-image-55290" alt="googleworld" src="http://calwatchdog.com/wp-content/uploads/2013/12/googleworld1.png" width="369" height="285" align="right" hspace="20" srcset="https://calwatchdog.com/wp-content/uploads/2013/12/googleworld1.png 369w, https://calwatchdog.com/wp-content/uploads/2013/12/googleworld1-300x231.png 300w" sizes="(max-width: 369px) 100vw, 369px" />The New York Times had &#8220;<a href="http://www.nytimes.com/2013/12/15/magazine/googles-plan-for-global-domination-dont-ask-why-ask-where.html?" target="_blank" rel="noopener">Google’s Road Map to Global Domination</a>,&#8221; on how Google had spent vast sums to map the planet in a way that will help dozens more of its ventures, especially self-driving cars &#8212; which will soon mean people have the equivalent of personal limo drivers, which will change lots of industries and life as we know it.</p>
<p>Computerwold had &#8220;<a href="http://blogs.computerworld.com/privacy/23260/freaky-future-ok-google-ceiling-microphones-and-brain-microchips-coming-2018" target="_blank" rel="noopener">Freaky future of OK Google</a>: Ceiling microphones and brain microchips coming by 2018?&#8221; It detailed how the Android operating system&#8217;s rapidly explanding and improving &#8220;OK Google&#8221; voice-command feature heralded the imminent arrival of computer personal assistants. A Google engineer says, “Google believes it can ultimately fulfill people’s data needs by sending results directly to microchips implanted into its user’s brains. If you think hard enough about certain words they can be picked up by sensors fairly easily.&#8221; This will also change lots of industries and life as we know it.</p>
<p>These aren&#8217;t just enormously exciting sci-fi-seeming possibilities. They&#8217;re likely to be enormously <em>lucrative!</em> And as a Californian, I&#8217;m very happy that the company pursuing them has deep California roots.</p>
<p>May Google employees&#8217; capital gains keep California government afloat for decades to come. And if we have to turn San Francisco into the equivalent of <a href="http://www.kernelmag.com/comment/column/7440/san-francisco-is-imploding/" target="_blank" rel="noopener">Google&#8217;s dorm</a>, that&#8217;s a fair price to pay.</p>
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