The Jet Bicycle

Bob Maddox, an artist and cabinet maker from Medford, Ore., has built a jet powered bicycle which can go at least 50 MPH (he predicts it can go 75 if anyone’s got the guts). “When you’re on a motorcycle going 50 mph, you don’t think anything about it,” he told Wired Magazine. “But on a bicycle, it feels way too fast.” Recently he started selling the bikes on eBay.

In addition to strapping jets onto bikes, Maddox who was an avid skydiver for 20 years decided to strap a jet to his chest and make himself into a human missile. He discovered that turbine jet engines are expensive but pulse jets are cheap and simple so Maddox set to work building one. “All I started with was a schematic out of an encyclopedia,” he says. The engines are basically a long tube with a fuel pump, a spark plug and a reed valve. Air and fuel are mixed at the front and ignited in a process that repeats – or “pulses” – about 70 times a second.

He started refining his pulse jet engines, which he fashions from aluminum and stainless steel in his workshop. He’s sold about 50 of them. The smallest are used to power model airplanes. The largest – two monsters producing 500 pounds of thrust apiece – have joined the beastly nitro-methane engine in Wally Larson’s Top Gun Groundfighter show car. (Blog.wired.com)

Source: Wired.com

Containers Bring Manufacturing Home

World trade is like a chameleon, constantly changing colors to survive and flourish. This is why I tend to disregard the Lou Dobbsians who are constantly searching for bad guys rather than opportunities.

With the developing world growing so fast now and the added strain of material flowing to China to heal the wounds of the horrible earthquake, the container system is simply overused. The China trade is sopping up all slack in capacity, which means rates are triple those of six years ago if you can even find a container to send goods from the U.S. to Europe.

The cost of shipping a standard, 40-foot container from Asia to the East Coast has already tripled since 2000 and will double again as oil prices head toward $200 a barrel, says Jeff Rubin, chief economist at CIBC World Markets in Toronto. He estimates transportation costs are now the equivalent of a 9% tariff on goods coming into U.S. ports, compared with the equivalent of only 3% when oil was selling for $20 a barrel in 2000. (Wall Street Journal)

With labor costs and the value of the yuan rising too, China is losing its competitive edge in manufacturing versus the U.S. Even furniture, which gravitated almost entirely to China, is coming back to America.

The container shortage is an annoyance at the moment. Its deeper significance is in the context of world trade. If the protectionists do not mess things up after the election, the seeds are being sown for a significant resurgence in American manufacturing for many years to come.

Source: Wall Street Journal

Europeans Ride Naked on $9.00 Oil

Just when you think that we Americans have it bad with gas prices between four and five dollars per gallon, look across the Atlantic. Europeans are paying around nine dollars per gallon. Spanish truck drivers have protested by simply parking in a long line along the highway. Now in Spain and France people are protesting high prices by riding bikes in the nude. Also, farmers are leaving fields and clogging roads with their tractors.

Source: www.thestreet.com