{"id":37158,"date":"2013-03-29T21:03:33","date_gmt":"2013-03-30T01:03:33","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=37158"},"modified":"2013-03-29T21:03:33","modified_gmt":"2013-03-30T01:03:33","slug":"money-weekend-market-digest-30-march-2013","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/03\/29\/money-weekend-market-digest-30-march-2013\/","title":{"rendered":"Money Weekend Market Digest: 30 March 2013"},"content":{"rendered":"

By MoneyMorning.com.au<\/u><\/a> <\/p>\n

Health: The $1,000 Genome Challenge<\/h2>\n

Personalised Medicine<\/strong>. Get used to that phrase; you\u2019ll hear it more often in the years ahead. Imagine knowing what disease you\u2019re going to get, before you get it, and then putting a treatment regime in place to prevent you from getting sick.<\/p>\n

It\u2019s possible, and it\u2019s so close it\u2019s getting us nerd types very excited.<\/p>\n

This all hinges around the ability to sequence DNA<\/strong>. You may have heard of the Human Genome Project<\/strong>, which began in October, 1990. It involved sequencing human DNA and then mapping out about 30,000 genes. So on April 14th<\/sup> 2003, about $2.7 billion later, the first Human Genome was completed. Since then it\u2019s like the DNA sequencing industry has been in overdrive.<\/p>\n

To see the speed at which this is all happening we have to briefly turn to computing for a moment and look at Moore\u2019s Law.<\/p>\n

Moore\u2019s Law says the number of transistors on a computer chip roughly doubles every 2 years. For any industry, to keep pace with Moore\u2019s law is as an exceptional rate of progression.<\/p>\n

So when the cost per genome is imposed over Moore\u2019s law you can see the amazing speed which genome sequencing has progressed in the last few years.<\/p>\n

\"Human Source: National Human Genome Research Institute<\/em><\/p>\n

There are two parts to this story that have really got us in a bubble of excitement. First, this year marks the 10th<\/sup> anniversary of the completion of the Human Genome Project. And second, this September there\u2019s a competition on called the Archon Genomics X Prize.<\/p>\n

Up for grabs, a cool $10 million. This competition requires the winning team to sequence 100 human genomes in 30 days, with best-in-class accuracy and, here\u2019s the best bit, at a cost of under $1,000 per sequence.<\/p>\n

What this means is genome sequencing will go from being \u2018research\u2019 to a legitimate form of diagnosis and treatment for patients worldwide. It\u2019s the dawn of real Personalised Medicine.<\/p>\n

Energy: Is This (Finally) the Answer to Electric Cars?<\/h2>\n

It\u2019s not just the human genome that\u2019s got us super excited this week either. We\u2019re excited about energy<\/strong> too. There\u2019s a fair amount of talk about declining resources and an energy crisis the likes we\u2019ve never seen before. It\u2019s something we should all be aware of. But obviously that\u2019s not why we\u2019re excited about energy.<\/p>\n

What gets our synapses firing like Bill Duke in Predator<\/i> is innovation and the new discoveries in energy that are happening almost on a daily basis.<\/p>\n

Take for example the electric car movement<\/strong>. It\u2019s an energy discussion that\u2019s been hanging around for some time. Yet no one quite believes it\u2019s viable, and rightly so. Who really wants to drive 120km and then wait 12 hours to recharge for the next 120km? Not us. Admittedly some electric car manufacturers like Tesla have got a range of in excess of 300km now. But still, that\u2019s three recharges on the way to Sydney.<\/p>\n

Thankfully, innovation never sleeps, and a company called Phinergy<\/strong> based out of Israel thinks they\u2019ve got the solution to our electric car problems. And it\u2019s a pretty good solution we must say.<\/p>\n

Phinergy have implemented their new Aluminium-Air battery technology<\/strong> into a car (you can see the video on their homepage<\/a>). The technology uses Aluminium, Water and Air to create the energy that powers the vehicle. Not only that, Phinergy claim that it\u2019s possible the range of their Aluminium-Air vehicle could be over 3 times that of existing Electric cars, possibly up to and over 1,000 miles.<\/p>\n

So when the charged battery gets low, instead of spending 12 hours charging, top your car up with water (yes, plain drinking water). The reaction with the Aluminium-Air battery recharges the battery instantly and away you go.<\/p>\n

The technology Phinergy has impressed some of the big auto makers. They\u2019ve recently signed on with the Renault-Nissan Alliance, a partnership between Renault AG and the Nissan Motor Group.<\/p>\n

Mercedes Benz is another major automaker that\u2019s investing heavily in electric vehicles. They\u2019re looking to release a full electric version of their B-Class in 2014. In September 2012 Mercedes also released a full electric version of their SLS AMG, AMG\u2019s most powerful, and the world\u2019s fastest, electric car.<\/p>\n

So the electric car is once again getting some traction with the big car manufacturers, because they\u2019ve finally cottoned on that you don\u2019t have to compromise performance or style for \u2018eco-friendliness\u2019.<\/p>\n

With new technologies the electric car won\u2019t be an \u2018alternative\u2019 much longer, but could perhaps become the norm.<\/p>\n

Technology: Why Hollywood Shouldn\u2019t Remake Top Gun<\/h2>\n

We suspect that the movie Top Gun<\/i> probably wouldn\u2019t have done as well at the box office if it didn\u2019t have Tom Cruise, Val Kilmer and Anthony Edwards in the cockpit of those Grumman F-14 Tomcats.<\/p>\n

Imagine if it was a computer program playing an MP3 of \u2018You\u2019ve lost that loving feeling\u2019 then autonomously sending off planes thousands of kilometres away. Probably wouldn\u2019t have grossed over $353 million worldwide or inspired a generation of fighter pilots.<\/p>\n

You see, if they remade Top Gun<\/i> today, to be true to modern technology, it would be a pretty boring film. Because it wouldn\u2019t need a cast.<\/p>\n

The days of piloted strike fighter aircraft are almost over. And when we say unmanned, we mean no one. No pilot. No controller. Just a preprogramed drone strike fighter<\/strong> doing its thing. <\/i><\/p>\n

Of course the US Military is the one pioneering unmanned strike fighters. As you would expect, with a defence spending budget in the realm of $670 billion they\u2019ve got the money to pull this off. That\u2019s why they\u2019ve contracted Northrop Grumman to build and test the X-47B.<\/p>\n

The Northrop Grumman fact sheet explains it best;<\/p>\n

\u2018X-47B is a computer-controlled unmanned aircraft system that takes off, flies a preprogramed mission, then returns to base in response to mouse clicks from its mission operator. The mission operator monitors the X-47B air vehicle\u2019s operation, but does not actively \u201cfly\u201d it via remote control as is the case for other unmanned systems currently in operation.<\/i>\u2019<\/p>\n

The real breakthrough here is the fighter can take off and land on an aircraft carrier. But we\u2019re still dazzled by the \u2018mouse clicks from its mission operator<\/i>\u2019 part!<\/p>\n

\"\"<\/div>\n

<\/p>\n

Source: Northrop Grumman<\/div>\n

<\/em><\/p>\n

Looking like a squished version of Northrop\u2019s B-2 Bomber, the X-47B is fully compatible with the US Navy\u2019s existing aircraft carriers and can carry a 4,500 lb payload. That\u2019s a lot of weaponry.<\/p>\n

Honestly, it scares the living daylights out of us. The whole military system seems to be going more and more down the track of automation. When it gets an injection of Artificial Intelligence, well, let\u2019s just hope we can escape by flying to Mars by then.<\/p>\n

Sam Volkering
\nTechnology Analyst, Money Weekend <\/i><\/b>
\nJoin Money Morning on Google+<\/u><\/a><\/strong>
\nFrom the Archives\u2026<\/i><\/b><\/p>\n

Why You Should Buy This Falling Stock Market<\/a>
\n22-03-2013 \u2013 Kris Sayce<\/p>\n

Stock Market Warning: Part II<\/a>
\n21-03-2013 \u2013 Murray Dawes<\/p>\n

New Developments on Whether You Can Get Your Mortgage Cancelled<\/a>
\n20-03-2013 \u2013 Nick Hubble <\/b><\/p>\n

Your Retirement or Your Mortgage?<\/a>
\n19-03-2013 \u2013 Nick Hubble<\/p>\n

Get Used to This Stock Market Action, It\u2019s Set to Last\u2026<\/a>
\n18-03-2013 \u2013 Kris Sayce<\/p>\n

\n<\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

By MoneyMorning.com.au Health: The $1,000 Genome Challenge Personalised Medicine. Get used to that phrase; you\u2019ll hear it more often in the years ahead. Imagine knowing what disease you\u2019re going to get, before you get it, and then putting a treatment regime in place to prevent you from getting sick. It\u2019s possible, and it\u2019s so close … <\/p>\n

Continue reading “Money Weekend Market Digest: 30 March 2013”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-37158","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/37158","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=37158"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/37158\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=37158"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=37158"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=37158"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}