Monday, April 30, 2018

Autonomous Vehicles More Common At Construction Sites Than On Roads

SAN FRANCISCO (CBS SF) — As companies continue to test autonomous vehicles for public roadways, other industries are already taking advantage of specialized, self-driving vehicles.

San Francisco-based Built Robotics is among the first to roll out autonomous construction vehicles at construction sites. The company has three track loaders that can dig, move and grade materials all on their own.

“I think you’re going to see autonomous equipment on construction sites before you’re going to see self-driving cars on public roads,” said Built Robotics CEO Noah Ready-Campbell. The former Google product manager studied software engineering and said he got his inspiration for Built Robotics from his father.

“I got into this because my dad was a contractor. When I was a kid I’d work for him. A lot of hot summer days early mornings and hated it pretty much,” said Ready-Campbell. “I remember telling him I want to build a robot to do my job.”

The machines have sensors that mount to the roof along with special software, acting like the brains of the equipment. From the design plan to the coordinates, you can program it to do whatever you want.

Ready-Campbell says it’s also safer than autonomous cars on public roads. The machine will automatically shut off if a person or anything out of the ordinary is detected. A trained supervisor for the robot is supposed to keep an eye on it at all times.

The machines have already done about half a dozen projects in just the last six months.

“There’s just this huge demand for more housing here in the Bay Area and there’s also a labor shortage,” said Ready Campbell.”So every contractor we have talk to is actually seeing more work out there than they are able to accomplish because I don’t have a team to do it.”

The next thing for Built Robotics will be autonomous bulldozers. Other companies using self-driving vehicles are Japan-based construction giant Komatsu and its U.S. competitor Caterpillar, which employ huge, autonomous trucks to haul material in mining and construction. Meanwhile, companies such as Case IH and New Holland have been making an impact in the farming industry for years with autonomous tractors that can plant, harvest and maintain crops.

Sunday, April 29, 2018

Venezuela Tries To Pay Russian Debt With Cryptocurrency


If crisis-hit Venezuela was hoping to pay off its US$3.15-billion debt to Russia with its new cryptocurrency, those hopes have been shattered as the Russian Finance Ministry announces that it won’t be accepting digital coin.

Venezuela will not be paying any part of its debt to Russia with its cryptocurrency, the head of the Russian Finance Ministry’s state debt department, Konstantin Vyshkovsky, has said.

In November last year, Russia threw a life-line to Venezuela after the two countries signed a deal to restructure US$3.15 billion worth of Venezuelan debt owed to Moscow. Under the terms of the deal, Venezuela will be repaying the debt over the next ten years, of which the first six years include “minimal payments”.

The following month, Venezuelan President Nicolas Maduro announced that his country would be issuing an oil-backed cryptocurrency, which it did, in February this year.

Maduro’s propaganda machine is touting the digital coin as a ‘ground-breaking’ first-ever national crypto currency, the El Petro--backed by 5 billion barrels of oil reserves in Venezuela’s Orinoco Belt.

But most observers see this crypto issuance as a desperate attempt to skirt U.S. financial sanctions.

Earlier this month, U.S. President Donald Trump banned U.S. purchases, transactions, and dealings of any digital coin or token issued for or by the government of Venezuela.

Last week, Time magazine reported that Russia secretly helped Venezuela in creating the Petro, with the purpose of undermining the power of U.S. sanctions, the magazine reported, citing sources familiar with the effort.

Russia slammed the Time report as “fake news”, with Deputy Director of the Information and Press Department of the Russian Foreign Ministry, Artyom Kozhin, saying that Russia and Venezuela had never worked together on the development of the Venezuelan cryptocurrency.

Russia and China are the last holdouts that still finance Venezuela, which is digging deeper into the downward spiral of economic crisis, hyperinflation, and crumbling oil production. However, China is reportedly thinking of cutting off Venezuela from new loans. This would leave Russia as the only financial supporter of the Maduro regime, and if all it’s got is a crypto coin that no one really believes in to pay off debt, loans are likely to be plentiful.

Saturday, April 28, 2018

Oil & Gas UK Updates Fire, Explosion Guidance

Industry body Oil & Gas UK announced Thursday that it has published updated information setting out good practice in designing against fire and explosions on offshore installations.

The document, which was developed by industry experts, builds on guidance originally published more than ten years ago and will act as an important tool in efforts to reduce risk to life, Oil & Gas UK confirmed.

“The UK offshore oil and gas industry works hard to preserve its internationally respected major hazard management reputation and this guidance is a significant part of that effort,” Oil & Gas UK Health and Safety Manager, Bob Lauder, said in an organization statement.

“This living document builds on guidance originally published in 2007 and is part of a planned review process. It aims to reduce the risk to life, the environment and the integrity of offshore facilities exposed to fire and explosion hazards by providing a robust technical foundation to support design decisions,” he added.

“We would like to thank the experts involved in this process, whose significant effort ensures that the guidance reflects current good practice and remains a solid technical reference for the understanding and management of fire and explosion hazards throughout the lifecycle of offshore installations on the UK Continental Shelf,” Lauder continued.

The document, which is nominally reviewed every three years, was developed by the fire and explosion working group of the Oil & Gas UK major hazards technical group.

Friday, April 27, 2018

Oil & Gas seeks $40 million bailout but prez is barrier

So far officials for the Navajo Nation Oil and Gas Company have had no problem getting support for their request of up to a $40 million bailout to prevent the banks from taking over the company’s assets. But their efforts will soon hit an immovable object – the president of the Navajo Nation, Russell Begaye.

Oil and Gas officials want the tribe to take up to $40 million out of the Master Trust Fund’s investment program and invest it in their company so that it won’t default on its loans. Officials also say the funds are necessary to branch out to increase revenue so that the company won’t find itself in this situation again..

In a presentation before the Navajo Nation’s Budget and Finance Committee recently, company officials argued that this would not mean less money to the tribe because the tribal investment fund would get preferred stock in the company. So instead of the $40 million benefitting the banks and third party interests, the company said by investing in Oil and Gas the tribe would get back the same historic return on its money through stock dividends and increased royalties and taxes.

One important thing to remember is that the $74.1 million that the company owes to nine banks has not been guaranteed by the Navajo Nation. So if the company defaults, the banks will simply take over the company’s assets. On the other hand, the tribe has historically received a lot of money from the company so it is in its the best interest to keep the cash flowing, according to information provided to the budget committee.

Thursday, April 26, 2018

United Hunter Oil & Gas Corp. Announces a Change of Auditors

TORONTO, March 27, 2018 (GLOBE NEWSWIRE) -- United Hunter Oil and Gas Corp. (TSXV:UHO) (Frankfurt:A118VK) (the “Corporation”) announces that Saturna Group Chartered Accountants LLP (“Former Auditor”) has resigned as auditor of Corporation at the request of the Corporation effective March 23, 2018 and the Corporation appointed RSM Canada LLP (“Successor Auditor”) as successor auditor effective March 23, 2018.

At the next Annual General Meeting of shareholders to be held later this year, the shareholders of the Corporation will be asked to approve the appointment of the Successor Auditor as auditors of the Corporation.

The Corporation sent a Notice of Change of Auditor (the "Notice") to the Former Auditor and to the Successor Auditor and has received a letter from each, addressed to the Ontario, British Columbia and Alberta Securities Commissions and TSX Venture Exchange, stating that they both agree with the information contained within the Notice. Pursuant to National Instrument 51-102 - Continuous Disclosure Obligations, the Notice, together with the letter from the Former Auditor and the letter from the Successor Auditor have been reviewed by the Audit Committee and the Board of Directors of the Corporation and will be filed on SEDAR.

The Corporation advises that there have been no reservations contained in the auditor’s reports on the annual financial statements of the Corporation for the two fiscal years immediately preceding the date of this notice or for any period subsequent to the most recently completed period for which an audit report was issued.

There were no disagreements or unresolved issues with the Former Auditor on any matter of audit scope or procedures, accounting principles or policies, or financial statement disclosure. The Audit Committee and the Board of Directors of the Corporation have approved the resignation of the Former Auditor. It is the opinion of the Corporation that there have been no "reportable events" (as defined in National Instrument 51-102 - Continuous Disclosure Obligation) between the Corporation and the Former Auditor.

Wednesday, April 25, 2018

Bozeman adds consequences to counter construction pollution


Construction naturally has some overspill. But a majority of Bozeman’s building industry is ignoring rules that keep local water and neighborhoods clear of harmful pollutants. City officials say it’s time to up the consequences to get contractors’ attention.

As of Tuesday, the city can shut down residential and commercial construction projects that don’t follow stormwater rules. The new power is a result of an emergency ordinance update, which the city commission unanimously passed Monday night.

Kyle Mehrens, stormwater program coordinator, said a site audit this month showed 94 percent of Bozeman building projects are violating federal, state and local requirements. That’s despite city staff training more than 500 contractors and private property owners over the last three years.

“What we’re asking is possible. It’s fairly simple, however, it’s just not being done industry wide,” he said.

Or as Public Works Director Craig Woolard said, “We go out there and ask them ‘please.’ Many times we’re being told, ‘go pound sand.’ Sometimes not that nicely.”

There’s currently about 400 active construction sites in Bozeman. That number will likely grow into a new record as construction season begins.

Woolard said spring melt and rain that will spread those pollutants warrant the city’s emergency response, which skips the typical six-week process to update ordinances.

“Timing is critical,” he said, adding people are living and playing in the areas construction waste is pouring out of.

And residents notice it. Mehrens’ department had 15 calls within the last two weeks of complaints of construction debris spilling onto roads and sidewalks and clogging city pipes.

Woolard said there’s a cost tied to the issue that Bozeman picks up.

“We have years now where all of this sediment off of all of these construction sites are ending up in our city infrastructure. It’s costing us hundreds of thousands of dollars to clean that out,” he said.

Under the new changes, if a project is out of bounds 48 hours to five days after a warning from the city, Bozeman’s building inspectors can issue work-stop orders and declare the space is unfit for occupancy until it’s resolved.

It also requires people building on less than an acre to apply for a stormwater permit before they get their OK to build.

Some public comments submitted to the city accuse Bozeman of trying to make money through fees. The new permit doesn’t come attached to a fee. People who repeatedly break the rules can see a misdemeanor fine as high as $500. However, previous rules could result in a misdemeanor as well.

Other complaints said it will increase the cost to build. Woolard said that’s true and it’s a cost currently carried by the rest of Bozeman.

“We’re not after perfect. We’re after implementing very basic, best industry practices,” he said. “When you make a mess, you clean up after yourself.”

Anders Lowendal, a local builder, said he supports the tweaked ordinance, adding he’s at a disadvantage if he follows the rules and others don’t. But he said the ordinance should extend to things like city road maintenance and landscaping.

Brian Popiel with the Southwest Montana Building Industry Association said many members take care of their property, but a lack of compliance harms the industry’s reputation.

“It’s hard to be representing a community that’s not taking care of its own business that way,” he said.

Popiel said he wished the emergency ordinance had a sunset to go back through the typical steps — something city officials didn’t do. He added there should be intermediate steps before the city stops work.

Mehrens said starting Monday, his team will begin to blanket areas to make sure builders are following stormwater standards and are aware of the city’s new teeth.

“We are not going to drive around town and shut people down on a whim,” he said. “We’ll work on bringing everyone into compliance.”

City commissioners said they want a report in 10 months as to whether that’s happening.

Tuesday, April 24, 2018

Introducing 'Construction Trumps Disruption'

Disruption, for most of us, in most aspects of our lives, has not been a good thing. Consider the 1971 report from the Carnegie Commission on Higher Education, entitled, Dissent and Disruption, which confidently asserts, “Disruption … is utterly contradictory to the values and purposes of a campus…. [It] is contrary to … the rational assessment of problems and the constructive consideration of alternative solutions.” How quaint those sentiments from the ‘70s sound today.

For, with the publication of Clayton Christensen’s The Innovator’s Dilemma in 1997, the concept of “disruption” has dramatically shifted in valence. Now the term has become a kind of talisman, like the latest Apple device, wielded by any who would be seen as forward-thinking, creative, and innovative in any industry, including education. Christensen is a fascinating individual, and The Innovator’s Dilemma presented a brilliant thesis, compelling in its treatment of hard disk drives, excavating equipment, and automobiles. These are all manufactured commodities. Education is not.

Is disruption really the best path toward improvement in all areas -- business, health care, education? Politics? We should always be wary of panaceas. Typically, the snake oil merchant’s potion doesn’t really cure anything -- though the alcoholic high may delude the consumer for a while.

The Latin etymology of disruption is relevant; it’s all about breaking. There must be instances in which breaking something is the best way to fix it, but they don’t come readily to mind. The ubiquity of contemporary faith in breaking as a creative strategy surely says more about the current zeitgeist than about the nature of progress.

There is, of course, another way of thinking about innovation, improvement, and progress. In a word: construction. Here again, the etymology is clear: “to build together.” Before the cottage industry developed by the Christensen Institute -- peddling disruption as the cure for all ills -- common sense favored constructive thought and constructive acts over blowing things up.

Construction doesn’t seem as sexy or hip as disruption. But, in fact, an argument can be made that a process of thoughtful, steady, selective construction is the surest path to long-term improvement and even to eventual -- and lasting -- transformation. As so often, the Greeks had a word for that; well, actually they had a myth for that. The story appears in Plutarch’s life of Theseus (Plutarch. Theseus. 23.1) and has become a well-known philosophical puzzle, The Ship of Theseus. The story is this: when Theseus sails back from Crete to Athens triumphant, having rescued young Athenian hostages from certain death in the labyrinth of the minotaur, the Athenian people are so thrilled that they want to immortalize his ship. Of course, it’s a wooden craft, and wood is not an eternal material. So in order for the ship to be preserved, over time, individual planks must be replaced. Eventually, no single plank of the original ship exists; but the Ship of Theseus remains.

The philosophical issue is that of identity. Is the gradually re-constructed ship identical to the original one? If not, at what point does its identity change? When 50 percent + 1 of the planks is replaced? When the first one is replaced? For my purposes here, the philosophical parsing of identity is not central. Rather, the myth provides a vivid image of gradual replacement/construction eventually resulting in transformation—a transformation that does not “disrupt,” but (at least in some sense) preserves. The ship remains identifiable, even though it has been thoroughly refreshed.

Often, effective innovation works this way. Without the drama of “disruption,” thoughtful, responsive, constructive changes result in transformation. This is a process that is taking place broadly across the independent college and university sector in America today. The strength and the ubiquity of this wave of constructive change became clear to me through a series of gatherings of college leaders.

Re-Thinking Business Models

As senior fellow at the Council of Independent Colleges, I served as the facilitator for eight workshops of college and university leaders across the country during the 2016-17 academic year. The purpose of these sessions was to enable discussion of the changing climate for the sector and ways for institutions to move productively into the future, for example by re-thinking aspects of their business models. In the course of these discussions, with almost 500 leaders from 120 institutions, we learned of literally hundreds of ways in which campuses were already responding to changing circumstances, climates, and needs.

Although the workshops had been designed as a self-contained project, at the end, we realized that they provided a rich database of information on innovation. Analyzing both the detailed notes of the workshop sessions, as well as three iterations of feedback surveys (immediately after the events, three months later, and six months later), we identified eight areas in which innovation was particularly prominent among the institutions: athletics, career preparation (often with alumni involvement), community engagement, consortial arrangements, cost containment, curricular reform, new programs, and new student populations. The report, Innovation and the Independent College: Examples from the Sector, presents a full discussion of the workshop findings.

This blog series will highlight these changes in the small, independent college and university sector -- widely and mistakenly considered to be change-averse. We’ll consider why these areas are particularly fruitful for innovation, what forms innovation is taking, and what the future of such strategies might be.

In a few instances, the strategic choices are dramatic; in many others, they are more incremental.

Yet -- like the new planks in the Ship of Theseus -- they refresh and ultimately change the institution over time. Management guru Peter Drucker wrote, in his Harvard Business Review article, The Discipline of Innovation, “Effective innovations start small. They are not grandiose…. By contrast, grandiose ideas for things that will ‘revolutionize an industry’ are unlikely to work.”

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