{"id":6335,"date":"2012-07-30T00:01:47","date_gmt":"2012-07-30T07:01:47","guid":{"rendered":"http:\/\/dabacon.org\/pontiff\/?p=6335"},"modified":"2012-07-30T00:01:47","modified_gmt":"2012-07-30T07:01:47","slug":"this-post-was-supported-by-goldman-sachs-grant-no-gs98039","status":"publish","type":"post","link":"https:\/\/dabacon.org\/pontiff\/2012\/07\/30\/this-post-was-supported-by-goldman-sachs-grant-no-gs98039\/","title":{"rendered":"This post was supported by Goldman-Sachs Grant No. GS98039"},"content":{"rendered":"<p>After my earlier post about <a href=\"https:\/\/dabacon.org\/pontiff\/?p=6287\">the defense budget<\/a>, I thought it might be nice if there were some other similar-sized revenue streams that we could tap into other than DoD funding. \u00a0It got me thinking&#8230; who has the most money? Governments aside (which already have schemes for funding science), it has to be large corporations and big investment banks.<br \/>\nWhile some large corporations have R &amp; D divisions (e.g. the quantum group at IBM), I&#8217;m not aware of any investment bank that has one, despite the large number of physicists, mathematicians and computer scientists that they employ. Could we possibly get a bank to directly fund scientific research? After all,\u00a0what is the entire NSF budget of $7 billion to a big investment bank?\u00a0A JP Morgan executive\u00a0<a href=\"http:\/\/money.cnn.com\/2012\/07\/13\/investing\/jpmorgan-earnings\/index.htm\">loses that kind of money<\/a>\u00a0in the cushions of his couch.<br \/>\nHere is something that could possibly entice one of these entities to invest in physics: <a href=\"http:\/\/www.forbes.com\/sites\/brucedorminey\/2012\/04\/30\/neutrinos-to-give-high-frequency-traders-the-millisecond-edge\/\">using neutrinos to do high-frequency trading<\/a>. While all those other suckers are busy sending signals overland via\u00a0satellites\u00a0and fiber optics, you just take a short cut with a neutrino beam straight through the center of the earth! \u00a0My back-of-the-envelope calculation suggests an 18 ms difference to send a signal through the Earth from NYC to Shanghai rather than over the surface. You could make the trade and still have time to enjoy a quick blink afterward.<br \/>\nIn fact, a group of physicists at Fermilab have recently <a href=\"http:\/\/www.worldscientific.com\/action\/cookieAbsent\">done an experiment<\/a>\u00a0(<a href=\"http:\/\/arxiv.org\/abs\/1203.2847\">arXiv<\/a>) that demonstrated using a neutrino beam to (classically \ud83d\ude42 ) communicate through the Earth. The bit rate was low, only .1 bits per second, and the distance was only 240m. I&#8217;m sure one of the milestones on their Goldman-Sachs grant is to get that up to 1bps and 1km before the program review.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After my earlier post about the defense budget, I thought it might be nice if there were some other similar-sized revenue streams that we could tap into other than DoD funding. \u00a0It got me thinking&#8230; who has the most money? Governments aside (which already have schemes for funding science), it has to be large corporations &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/dabacon.org\/pontiff\/2012\/07\/30\/this-post-was-supported-by-goldman-sachs-grant-no-gs98039\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;This post was supported by Goldman-Sachs Grant No. GS98039&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[2,70],"tags":[],"class_list":["post-6335","post","type-post","status-publish","format-standard","hentry","category-2","category-science"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/dabacon.org\/pontiff\/wp-json\/wp\/v2\/posts\/6335","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dabacon.org\/pontiff\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dabacon.org\/pontiff\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dabacon.org\/pontiff\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dabacon.org\/pontiff\/wp-json\/wp\/v2\/comments?post=6335"}],"version-history":[{"count":0,"href":"https:\/\/dabacon.org\/pontiff\/wp-json\/wp\/v2\/posts\/6335\/revisions"}],"wp:attachment":[{"href":"https:\/\/dabacon.org\/pontiff\/wp-json\/wp\/v2\/media?parent=6335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dabacon.org\/pontiff\/wp-json\/wp\/v2\/categories?post=6335"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dabacon.org\/pontiff\/wp-json\/wp\/v2\/tags?post=6335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}