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Who Runs Freedom Industries? West Virginia's Chemical Spill Mystery

Who Runs Freedom Industries? West Virginia's Chemical Spill Mystery
The Chapter 11 filing in Charleston required disclosure of a financial paper trail that led to Forrest's coal company headquarters near Pittsburgh via another entity called Chemstream Holdings. So while the spill revealed once again that porous …
Read more on Businessweek (blog)

Who's Willing to Go to Jail for Bitcoin?
It looked like the old days of Bitcoin: the rush of a financial frontier and the proud free-wheeling of the Silk Road—days that many proponents of Bitcoin today wish could stay buried online, as they propose new ideas for self-regulation and wash …
Read more on Motherboard (blog)

Markets Live: Gold miners, Telstra up in down day
4:46pm: Last week, HSBC's flash China manufacturing PMI coming in below 50 sparked a lively debate in the comments section of this blog over whether the reading indicates a contraction of the sector, or just a lower growth rate. …. “The risks …
Read more on Sydney Morning Herald

BP Oil Spill – Crowd Sourcing to Find the Solution – Weeding Through the Suggestions

Interestingly enough, there is something BP can do with all these suggestions, and it would be good to get out ahead of the negativity in the media and their trashing of BP’s Brand Name. Let’s face it there are nearly 50,000 wells in the Gulf of Mexico and it supplies almost 30% of our US oil – we can’t just turn it off.

Here is my suggestion to the challenge British Petroleum has when it comes to what to do with 1,000s and 1,000s of suggestion tips which have been coming in non-stop to its tip hotline. What BP needs to do is to borrow some help from the online community and use “Crowd Sourcing” techniques, those like DARPA recently used when it “Challenged” everyone to find the “Red Balloons” 10-of them which were scattered around the country. MIT found all ten, in an extremely short time.

This strategy makes sense for DARPA as it could someday be used for military purposes, such as it could be used to look at satellite photos of Iran to find anomalies, nuclear facilities. It also has potential space applications with NASA – finding locations on Mars that might have ice or water, potential landing sites, maybe even surveying galaxies to find similar exo-planets to Earth, which might contain life, etc.

What I am saying is that British Petroleum should post ALL of the suggestions online, put it out there, as it shows transparency and it is a good PR move too. Something Congress is afraid to do with the bills it passes. This will allow independent teams to work through those lists of suggestions and citizens to “rate” the ideas. Then teams can whittle all the ideas down, find duplicates, and see if the “wisdom of the crowd” prevails and finds consensus on various types of solutions.

Let’s help BP find the best ideas and when this is completed give out prizes to the winners.

The ideas that win, go ahead and give 5-scholarships to MIT, or a top engineering school. Perhaps, give $ 100,000 seed money for any innovative project that the team with the best idea, might like to do. Why not turn an unfortunate situation into a positive one. Rather than playing all the doom and gloom in the media with screaming environmentalists, or any mean-spirited person the media can drum up for a sound bite, we can make some progress on potential future solutions in case the present solutions don’t work out.

Lance Winslow is a retired Founder of a Nationwide Franchise Chain, and now runs the Online Think Tank. Lance Winslow believes oil is very important in America. http://www.oilchangeguys.com.