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Technology

Workstations represent what I think is the strongest personal technology implementation in the PC space, albeit at the high end. What I&m talking about is the almost laser-like focus workstation vendors have on workstation users. This is largely something we lost in the general corporate PC space that I think was a good part of the cause in the general PC space, the vendors focused excessively on IT (which focused them on price, cookie cutter boring designs, and excessively long model runs) rather than user needs. In the workstation space no one seemed to lose track of the people that used the products but, as focused as these vendors were workstations started to look pretty similar even though the people that used them have vastly different jobs.
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If you&re a certain age, itlikely that you&ve never given a second thought to buying a municipal bond or the process of bond buying, even if you&ve intuited, rightly, thatitan intentionally opaque business.
Yet there could be a big opportunity for startups, and for people looking for places to invest, and for cities with crumbling infrastructures, in disrupting the status quo — if only more Americans start playing attention.
First, therea strong case for buying bonds. Late last year, the Trump administration capped at $10,000 the amount that taxpayers can deduct in property tax and local and state income tax. Most people with hefty tax bills are benefiting in other ways from that same new tax bill, but this aspect of it isn&t so great for them, and municipal bonds can help. The reason: interest income paid on muni bonds is exempt from federal tax. (Bonds issued within onestate can also be free of state tax.)
What about people without hefty tax bills For one thing, bonds are a very safe investment. They&re not sexy, ittrue ( they typically deliver interest in the single digits), but they also feature low default rates. Whether debts from states, cities, or counties, they&re typically government guaranteed and paid back in full at the end of their term. In fact, muni bond default rates have been as low as below .03 percent over the last decade. Whatalso compelling — perhaps even more so — is that bonds can give residents an opportunity to help out the community where they live. For example, Oakland, Ca. voters in 2016 overwhelmingly approved a $600 million bond to fix old city streets and build affordable housing.
You might be wondering at this point where the new opportunity lies and what role tech can play. Letstart with the moolah, which there happens to be a lot of sloshing around the municipal bond market. Last year, Morningstar Direct reported $34 billion in net inflows to municipal bond funds and exchange-traded funds, and therea lot of action happening outside these kinds of products, which package up a bunch of bonds to create a diversified portfolio for investors.
Like any financial services disruptor, the idea here is to offer what the big financial institutions are offering but to do it at less cost.
Therealso room to create many more bonds than are currently available. As the New York Times reported earlier this year, fewer municipal bonds have been hitting the market ever since the financial crisis of 2008. More, the Trump administrationnew tax law revision eliminated something called &advance refunding issues,& which the Times describes as a type of municipal bond financing that accounts for around 15 percent of the market. Where thereconstrained supply, theredemand.
Right now, there aren&t tons of startups paying attention to public finance, and perhaps just one company laser focused on bringing the muni bond market into the 21st century: Neighborly, which is a six-year-old, Bay Area-based company thatvery progressive, to say the least, for a bond broker. In 2017, its technology enable the city of Cambridge, Ma., to create $2 million of &mini bonds& that allowed residents to earn tax-exempt interest for smaller check sizes than typically possible, and the residents were able to invest that money directly in a variety of projects, without going through a middleman. (Apparently, it was successful; Cambridge staged a second mini bond sale earlier this year.)
Earlier this year, Neighborly convinced the city of Berkeley, Ca., to stage an initial coin offering that it dubbed an &initial community offering.& The idea is to deliver crytocurrency tokens in exchange for investments into cash-strapped projects in Berkeley — tokens that will be backed by municipal bonds. (Bond holders can receive their money back in digital coins or cash.) The project is still in development, but if it works, it could certainly provide a roap map for other cities.
Whether Neighborly winds up being a pioneer in the space- & or else trampled by a newer entrant — remains to be seen, but a recent on-stage sit-down with a longtime political strategist turned investor, Bradley Tusk, opened our eyes to the possibilities. You can check out part of that conversation below. Note that Tusk is not an investor in Neighborly but has more recently begun advising the company. Our chat has been edited for length.
TC: You think the muni bond market is broken. Why
BT: We have a system now that, on the one hand works. Governments can issue debt. People will pay for it. You can build projects and people will get paid back. That basically works. But ita very opaque, very closed system. And in the way that tech has managed to disrupt other very closed industries and force change and make them more cost efficient and transparent, thereno reason that can&t happen in public finance as well.
[Earlier in my career],I was at Lehman Brothers . . . and they didn&t know where to put me so they stuck me in public finance. The people who worked there were honest, they weren&t the people who bankrupted the global economy. But they made a lot of money, and effectively, it was just all layered on top of the taxpayers. Itbuilt into [banks&] underwriting costs. And you just don&t need that any more.
TC: So right now, bonds are mostly made available through brokers who charge too much in your view. But is skipping straight to &initial community offerings& or employing blockchain technologies the right way to go You could see that scaring people.
BT: I think blockchain gets confused with crypto and ultimately, itjust a better system of piping, a more efficient way of moving data across a ledger from Point A to Point B and done n a way where itdistributed across lots of different places so that itmore secure and less hackable. But itplumbing; itinfrastructure at the end of the day. So it will evolve to the point where it will just make a transaction thatcomplicated and has lots of different parties and pieces just easier and faster. Itno different than how the Internet makes it faster to do things we used to do. Email is faster than writing a letter. Text is faster than email.
[To your point], what Neighborly is trying to achieve isn&t solely dependent on blockchain. I don&t think it existed in the form it does now when [Neighborly founder and CEO Jase. Wilson] first came up with this idea.The main notion is you have a public finance system thatexpensive and opaque and not particularly democratic. You meanwhile have a lack of awareness by the people most impacted by the decisions [about where bond money should go], and those are real inefficiencies in the marketplace that Neighborly and other companies are trying to do address. Blockchain should just help them do it more efficiently over time.
TC: Is Neighborly making already available bonds to users of its platform or creating new bond offerings
BT: Both. It can participate in a process and make bonds available or it can work with a municipality that, say, wants to create community-owned broadband.
TC: What about challenges in persuading governments to work with startups like Neighborly Aren&t there a lot of special interests and existing relationships to overcome
BT:Yeah, therea huge problem right now, which is that you have all these firms that advise government on issuing debt or participate in the process that, even though a lot of them are prohibited from giving money directly to candidates, they are very, very entrenched. They have relationships with mid-level people at budget offices everywhere.
This is a cartel that has to be taken on, just like Uber has had to take on the taxi industry and Airbnb has taken on hotels. In some ways, itan even harder cartel to fight because itso opaque. No one really understands how the budgeting process works internally, so ita big cartel and ita silent cartel, which in some ways is the most powerful of all, so ita pretty big fight. I give Neighborly a lot of credit for taking it on.
TC: Is there a precedent here
BT: [Not really.] One company does it well, then 15 more pop up. The first one has to do all the heavy lifting and take on all the fights and thatprobably whatgoing to happen here, too. When market opens up, and people realize theremoney to be made, you&ll see more come in, but right now, therejust one company that I&m aware of thatdoing most of the work.
Public finance departments are good at really working over who gets to issue and underwrite the debt, and Neighborly would rather live in a world where they didn&t have to play that game, but to some extent, the real world of politics still exists.
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Read more: The public finance opportunity
Write comment (95 Comments)Itbeen a while since I defragged — years, probably, because these days for a number of reasons computers don&t really need to. But perhaps it is we who need to defrag. And what better way to defrag your brain after a long week than by watching the strangely satisfying defragmentation process taking place on a simulated DOS machine, complete with fan and HDD noise
Thatwhat you can do with this Twitch stream, which has defrag.exe running 24/7 for your enjoyment.
I didn&t realize how much I missed the sights and sounds of this particular process. I&ve always found ASCII visuals soothing, and there was something satisfying about watching all those little blocks get moved around to form a uniform whole. What were they doing down there on the lower right hand side of the hard drive anyway Thatwhat I&d like to know.
Afterwards I&d launch a state of the art game like Quake 2 just to convince myself it was loading faster.
Therealso that nice purring noise that a hard drive would make (and which is recreated here). At least, I thought of it as purring. For the drive, itprobably like being waterboarded. But I did always enjoy having the program running while keeping everything else quiet, perhaps as I was going to bed, so I could listen to its little clicks and whirrs. Sometimes it would hit a particularly snarled sector and really go to town, grinding like crazy. Thathow you knew it was working.

The typo is, no doubt, deliberate.
The whole thing is simulated, of course. There isn&t really just an endless pile of hard drives waiting to be defragged on decades-old hardware for our enjoyment (except in my box of old computer things). But the simulation is wonderfully complete, although if you think about it you probably never used DOS on a 16:9 monitor, and probably not at 1080p. Itokay. We can sacrifice authenticity so we don&t have to windowbox it.
The defragging will never stop at TwitchDefrags, and thatcomforting to me. It means I don&t have to build a 98SE rig and spend forever copying things around so I have a nicely fragmented volume. Honestly they should include this sound on those little white noise machines. For me this is definitely better than whale noises.
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Read more: It’s Friday so relax and watch a hard drive defrag forever on Twitch
Write comment (94 Comments)According to a report by the American Cancer Society, an estimated266,120 women will be newly diagnosed with breast cancer in the United States this year and (according to a 2016 estimate) can expect to pay between $60,000 and $134,000 on average for treatment and care. But, after hundreds of thousands of dollars and non-quantifiable emotional stress for them and their families, the American Cancer Society still estimates 40,920 women will lose their battle to the disease this year.
Worldwide, roughly 1.7 million women will be diagnosed with the disease yearly, according to a 2012 estimate by The World Cancer Research Fund International.
While these numbers are stark, they do little to fully capture just how devastating a breast cancer diagnosis is for women and their loved ones. This is a feeling that Higia Technologies‘ co-founder and CEO Julián Ríos Cantú is unfortunately very familiar with.
&My mom is a two-time breast cancer survivor,&Cantú told TechCrunch. &The first time she was diagnosed I was eight years old.&
Cantú says that his mothersecond diagnosis was originally missed through standard screenings because her high breast density obscured the tumors from the X-ray. As a result, she lost both of her breasts, but has since fully recovered.
&At that moment I realized that if that was the case for a woman with private insurance and a prevention mindset, then for most women in developing countries, like Mexico where we&re from, the outcome could&ve not been a mastectomy but death,& saidCantú.
Following his motherexperience,Cantú resolved to develop a way to improve the value of womenlives and support them in identifying breast abnormalities and cancers early in order to ensure the highest likelihood of survival.
To do this, at the age of 18Cantú designed EVA — a bio-sensing bra insert that uses thermal sensing and artificial intelligence to identify abnormal temperatures in the breast that can correlate to tumor growth.Cantú says that EVA is not only an easy tool for self-screening but also fills in gaps in current screening technology.
Today, women have fairly limited options when it comes to breast cancer screening. They can opt for a breast ultrasound (which has lower specificity than other options), or a breast MRI (which has higher associated costs), but the standard option is a yearly or bi-yearly mammogram for women 45 and older. This method requires a visit to a doctor, manual manipulation of the breasts by a technologist and exposure to low-levels of radiation for an X-ray scan of the breast tissue.
While this method is relatively reliable, there are still crucial shortcomings, Higia Technologies& medical adviser Dr. Richard Kaszynski M.D., PhD told TechCrunch.
&We need to identify a real-world solution to diagnosing breast cancer earlier,& said Dr. Kaszynski. &Italways a trade-off when we&re talking about mammography because you have the radiation exposure, discomfort and anxiety in regards to exposing yourself to a third-party.&
Dr. Kaszynski continued to say that these yearly or bi-yearly mammograms also leave a gap in care in which interval cancers — cancers that begin to take hold between screenings — have time to grow unhindered.
Additionally, Dr. Kaszynski says mammograms are not highly sensitive when it comes to detecting tumors in dense breast tissue, like that ofCantúmom. Dense breast tissue, which is more common in younger women and is present in 40 percent of women globally and 80 percent of Asian women, can mask the presence of tumors in the breast from mammograms.
Through its use of non-invasive, thermal sensors EVA is able to collect thermal data from a variety of breast densities that can enable women of all ages to more easily (and more frequently) perform breast examinations.
Herehow it works:
To start, the user inserts the thermal sensing cups (which come in three standard sizes ranging from A-D) into a sports bra, open EVAassociated EVA Health App, follow the instructions and wait for 60 minutes while the cup collects thermal data. From there, EVA will send the data via Bluetooth to the app and an AI will analyze the results to provide the user with an evaluation. If EVA believes the user may have an abnormality that puts them at risk, the app will recommend follow-up steps for further screening with a healthcare professional.
While sacrificing your personal health data to the whims of an AI might seem like a scary (and dangerous, if the device were to be hacked) idea to some,Cantú says Higia Technologies has taken steps to protect its users& data, including advanced encryption of its server and a HIPAA-compliant privacy infrastructure.
So far, EVA has undergone clinical trials in Mexico, and through these trials has seen87.9 percent sensibility and 81.7 percent specificity from the device. In Mexico, the company has already sold 5,000 devices and plans to begin shipping the first several hundred by October of this year.
And the momentum for EVA is only increasing. In 2017, Cantú was awarded MexicoPresidential Medal for Science and Technology and so far this year Higia Technologies has won first place in the SXSWInternational Pitch Competition, been named one of &30 Most Promising Businesses of 2018& by Forbes Magazine Mexico and this summer received a $120,000 investment from Y Combinator.
Moving forward, the company is looking to enter the U.S. market and has plans to begin clinical trials with Stanford Medicine X in October 2018 that should run for about a year. Following these trials, Dr. Kaszynski says that Higia Technologies will continue the process of seeking FDA approval to sell the inserts first as a medical device, accessible at a doctoroffice, and then as a device that users can have at home.
The final pricing for the device is still being decided, butCantú says he wants the product to be as affordable and accessible as possible so it can be the first choice for women in developing countries where preventative cancer screening is desperately needed.
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Read more: Y Combinator invests in non-invasive breast cancer screening bra EVA
Write comment (90 Comments)Over the last five days, Tesla shareholders watched the value of their stock decline by roughly 16 percent and saw nearly $8 billion in value erased, as the companycelebrity chief executive, Elon Musk, had what amounts to a very public breakdown.
However, Musk is not the only person responsible for the collapse of Tesla stock price. AsThe New York Timesarticle which precipitated the latest slide in Teslavalue on the public markets makes clear, the companyboard is also to blame.
For months, Musk has been showing signs of strain (generously speaking), and has been accused of making questionable decisions to drive growth and stifle criticism or dissent at the revolutionary electric vehicle company he founded.
During that time, as Shira Ovide notes in her piece from Bloomberg, Teslaboard (primarily composed of Muskfriends, relatives and initial investors) took no public steps to control or manage the situation.
Privately and on background the board (or certain members) expressed concern over Muskrecent behavior, drug use (both medicinal and recreational) and Twitter habits.
Those concerns should have been aired at the board level and the companydirectors should have exercised their ability to manage the mercurial Musk as his public actions became increasingly unmoored.
Something could have happened after the disastrous earnings call with analysts. It could have happened around the time of the strange active shooter allegations that were made against a Tesla whistleblower. It could have happened after Musk called a diver involved in the rescue of trapped and starving children a &pedo.&
At any of those moments the board could have stepped in and demanded that Musk face the consequences for actions that cost his company billions of dollars. They did not, and now Teslaposition is more precarious than ever.
The Securities and Exchange Commission is investigating Musk for his public statements around privatization plans for Tesla that may or may not have been real.
Itanother distraction for the companychief executive at a time when he is already under tremendous pressure to meet production targets for the companytroubled Model 3 rollout (even as it begins to hit its targets).
The problem is that Muskcult of personality is so intertwined with Teslacorporate identity, therea fear that as Musk goes so goes Tesla. Thatno way to run a business, and itno way to ensure long-term value for shareholders (either as a public or private company).
Ultimately the board at Tesla needs to step in and take a more active role in overseeing the company, before the next decision they find themselves confronted with is the companyliquidation.
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Most mornings, after sifting through the nightmail haul and skimming the headlines, I make myself a cup of coffee. I use a simple pour-over cone and paper filters, and (in what is perhaps my most tedious Seattleite affectation), I grind the beans by hand. I like the manual aspect of it all. Which is why this robotic pour-over machine is to me so perverse… and so tempting.
Called the Automatica, this gadget, currently raising funds on Kickstarter but seemingly complete as far as development and testing, is basically a way to do pour-over coffee without holding the kettle yourself.
You fill the kettle and place your mug and cone on the stand in front of it. The water is brought to a boil and the kettle tips automatically. Then the whole mug-and-cone portion spins slowly, distributing the water around the grounds, stopping after 11 ounces has been distributed over the correct duration. You can use whatever cone and mug you want as long as they&re about the right size.
Of course, the whole point of pour-over coffee is that itsimple: you can do it at home, while on vacation, while hiking or indeed at a coffee shop with a bare minimum of apparatus. All you need is the coffee beans, the cone, a paper filter — although some cones omit even that — and of course a receptacle for the product. (Itnot the simplest — that&d be Turkish, but thatcoffee for werewolves.)
Why should anyone want to disturb this simplicity Well, the same reason we have the other 20 methods for making coffee: convenience. And in truth, pour-over is already automated in the form of drip machines. So the obvious next question is, why this dog and pony show of an open-air coffee bot
Aesthetics! Nothing wrong with that. What goes on in the obscure darkness of a drip machine No one knows. But this — this you can watch, audit, understand. Even if the machinery is complex, the result is simple: hot water swirls gently through the grounds. And although itfundamentally a bit absurd, it is a good-looking machine, with wood and brass accents and a tasteful kettle shape. (I do love a tasteful kettle.)
The creators say the machine is built to last &generations,& a promise which must of course be taken with a grain of salt. Anything with electronics has the potential to short out, to develop a bug, to be troubled by humidity or water leaks. The heating element may fail. The motor might stutter or a hinge catch.
But all that is true of most coffee machines, and unlike those, this one appears to be made with care and high-quality materials. The cracking and warping you can expect in thin molded plastic won&t happen to this thing, and if you take care of it, it should at least last several years.
And it better, for the minimum pledge price that gets you a machine: $450. Thatquite a chunk of change. But like audiophiles, coffee people are kind of suckers for a nice piece of equipment.
There is of course the standard crowdfunding caveat emptor; this isn&t a pre-order but a pledge to back this interesting hardware startup, and if itanything like the last five or six campaigns I&ve backed, it&ll arrive late after facing unforeseen difficulties with machining, molds, leaks and so on.
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Read more: The Automatica automates pour-over coffee in a charming and totally unnecessary way
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