21 January 2021

1) More automation is entering the American economy in an unexpected segment of business- the recycling sorting of trash . . . a dirty, low-paying, mind-numbing job that is hard to fill simply because so few people are willing to do that kind of work. The 300-pound robot sorts through an unending line of trash. It uses artificial intelligence and computer vision to detect recyclables, and is able to pluck a hunk of plastic off a conveyor belt, then place those bits into sorting bins using a vacuum gripper. The robot sorts glass, plastic and paper into the appropriate bins, leaving metal on a conveyor. It is designed and built by AMP Robotics. There are 600-plus recycling facilities in America, which process some 67 million tons of waste, which is a labor intensive, and therefore costly endeavor, but the $300,000 robot, which can work 24/7, will lower cost by eliminating the human sorters. The Louisville, Colorado based company has sold or leased a100 of its robots since 2017 to more than 40 recycling facilities in North America, Europe and Japan.

2) The civilian space transportation company, SpaceX has purchased two floating deepwater oil rigs to convert into floating launchpads for its Starship rocket. Each were purchased for just $3.5 million dollars. These two rigs have been renamed Deimos and Phobos, presumably in homage to the Martian moons. The Starship is the enormous rocket that SpaceX is developing to meet the goal of launching cargo and as many as 100 people at a time on missions to the moon and Mars. SpaceX has been publicly hiring for offshore operations positions since last year, when the company posted that it was building a team of engineers and technicians to design and build an operational offshore rocket launch facility.

3) The Israeli company StoreDot has announced a new design for an electric-car battery that can be charged as fast as filling up your gas tank. This faster-charging capability will make EVs more accessible to the general public. The new battery is a lithium-ion battery that will be manufactured by Eve Energy in China. The company has produced 1,000 sample batteries compliant with Li-ion battery certifications. Current electric-car batteries can take anywhere from 30 minutes to 12 hours to charge, with a typical EV taking about 8 hours to charge from empty to full.

4) Stock market closings for – 20 JAN 21:

Dow 31,188.38 up by 257.86
Nasdaq 13,457.25 up by 260.07
S&P 500 3,851.85 up by 52.94

10 Year Yield: down at 1.09%

Oil: down at $52.96

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