Tech Futures

Yes, it's true. TheStreet.com's Jim Cramer sees Cleveland and the surrounding rust belt environs as harboring the next wave of true innovation, trumping even the much vaunted Silicon Valley.  From ValleyWag:

At a breakfast event to conclude New York's Internet Week this morning, TheStreet.com's Jim Cramer said Valley innovation is all about creating "fancy ways to deliver music and videogames." The obstreperrific stockpicker said videogame makers Take-Two and Activision are tech's two most successful companies, other than Apple and Google — and that's fine, but it's also a sign Silicon Valley won't save us from the economic woes the markets gave a hint of last week. Instead, he predicts the Rust Belt — "Cleveland Valley," Cramer calls it — will. The region, better known as the Cuyahoga River Valley, has had to reposition itself as the home of what Cramer calls "New Tech," building such marvels as "windmills with blades the size of 747 wings."

About time...

From MIT's Technology Review:

"Heavy rains, flooding, and cool weather in the Midwest will likely lead to much lower corn yields this year, especially in comparison with the bumper crops seen last year. This week, the United States Department of Agriculture lowered its predictions for this year's corn crop by 390 million bushels, from 12.1 billion to 11.7 billion. If its predictions are right, corn supplies for next year will be the lowest since crop shortfalls in the mid-1990s, likely driving already record-high prices for corn even higher.

"In recent months, demand for corn used to make increasing amounts of ethanol has driven up corn prices, and to some extent food prices. But now bad weather in the Midwest, which has delayed corn crops, could further drive up corn prices and lead to significantly more expensive food, particularly meats. The weather problems could also cause some ethanol plants to shut down."

Click here for the rest of the article.

From the Columbus Dispatch:

"State legislators are poised today to approve a $1.3 billion construction budget and a multistate compact designed to protect Great Lakes water from being siphoned to dry states in the South and West.

"A joint conference committee worked out differences between the House and Senate and unanimously approved the two-year construction budget, which provides more than $18 million for projects in Franklin County and includes provisions to help fill a projected $733 million operating-budget shortfall next year...

"Also yesterday, Democratic and Republican legislative leaders reached a deal on a proposed constitutional amendment that ultimately should lead to Ohio's ratification of the Great Lakes Compact, in which eight states and two Canadian provinces agree not to divert water outside the region."

Click here for the rest of the article.

As Northeast Ohio continues to explore the viability of offshore wind in the relatively shallow waters off Cleveland (creating opportunities to develop lower cost foundations), Europeans are experimenting with a radically new design for deep water wind off the coast of Norway.  From MIT's Technology Review:

"The notion of floating wind turbines far offshore may have come a nautical mile closer to reality late last month, with the announcement of a collaboration between Norwegian oil and gas producer StatoilHydro and Germany's Siemens, a major wind-turbine producer. The new partners plan to install what could be the world's first commercial-scale wind turbine located offshore in deep water. StatoilHydro has allocated 400 million NOK ($78 million) to floating a Siemens turbine in more than 200 meters of water--10 times the depth that conventional offshore wind-turbine foundations can handle--atop a conventional oil and gas platform."

Click here for the rest of the story.

Our thanks to the Generation Foundation's Bob Miller for the following from www.grist.org:

Most people -- if they give Cleveland much thought at all -- probably see it as a Rust Belt city, a victim of white flight and the decaying industrial economy, and of environmental gaffes in the 1970s when Lake Erie was declared dead and the nearby Cuyahoga River was so choked with pollution that it caught fire. But this Midwest metropolis is also home to a surprisingly forward-looking sustainability subculture. The city hired a sustainability programs manager in 2005; last year, its transit system was named the best in the nation by the American Public Transportation Association. A focus on energy-efficient, affordable housing has seen new town homes and cottages springing up in a formerly depopulated neighborhood, and community gardens sprouting along with them. Cleveland also ranks second only to Los Angeles in the number of projects per capita seeking certification under LEED-ND, an expanded version of the notorious green-building guidelines that applies to entire neighborhoods. Its biggest problem may be convincing people to move there -- or move back -- but even in that realm, there are signs of hope: one activist reports that Cleveland natives currently working on green programs in other cities have begun calling to find out how they can help back home.

Click here to read more about the greening of Cleveland.

From Crain's:

Sometimes it is easy being green — especially if you are blue-collar.

A report released this week from the Political Economy Research Institute at the University of Massachusetts-Amherst says Ohio’s blue-collar workers stand to benefit from a greener economy.

According to the report, which takes a state-by-state look at job opportunities in a green economy, more than 551,000 jobs in Ohio could see both job growth and wage increases as the state implements global-warming remedies.

The report identifies six types of positions — carpenters, electricians, operations managers, machinists, welders and industrial truck drivers — that could transfer existing blue-collar skills to the manufacture and installation of clean energy equipment.

Click here for the rest of the article.

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From the New York Times:

FORTUNA, Spain — Lush fields of lettuce and hothouses of tomatoes line the roads. Verdant new developments of plush pastel vacation homes beckon buyers from Britain and Germany. Golf courses — dozens of them, all recently built — give way to the beach. At last, this hardscrabble corner of southeast Spain is thriving.

The land of southern Spain has dried, leading to rationing and disputes over water.

There is only one problem with the picture of bounty: this province, Murcia, is running out of water. Swaths of southeast Spain are steadily turning into desert, a process spurred on by global warming and poorly planned development.

Click here for the rest of this article.