Can you power a lightbulb with a magnet?

You can power a lightbulb with a magnet. (via Google)

The answer: “Yes you can.”

A photo posted by Stephen P. Hall (@ponthedevils) on Aug 11, 2015 at 4:06pm PDT

It seems pretty well known that magnets can be powered by a magnet – whether it’s the magnet in your car that powers your radio, and whether people have done it with iron magnets, metal balls, silver ones and more. It’s just that until recently there was no way of actually producing a magnetic power source for you or your house with a simple drill.

But now a team of scientists from MIT have figured out a way to power your house’s lights with a simple set up.

The system isn’t completely foolproof – it’s pretty risky as well. According to The Guardian, it only works if you are within the magnetic field of the magnets. And because of such a high potential danger, it’s best advised you wear some magnets around your house as well…

While the technique may not be very efficient, you get the effect…

A photo posted by John Dore (@johndore13) on Oct 2, 2015 at 11:42am PDT

…you never had in the first place.

By Adam Taylor

Editor’s note: The following analysis is by Adam Taylor for our upcoming book, “Billionaires Vs. Jockeys,” due this September from the University of California Press. Taylor was a senior writer on Fortune’s Most Powerful People list for his reporting of the 2008 crisis in the financial system.

Forbes magazine is expected to publish a book about the 2008 crisis titled Billionaires Vs. Jockeys.

Forbes published an article in April and May by Richard Branson warning about the dangers of banking regulation. “Our biggest problem is regulation,” Branson said in an interview with Forbes. “How do the regulators determine when a bank that’s got a high rating shouldn’t be getting more capital?”

Branson’s comments followed a report that an influential banking lobby group is attempting to influence the debate by calling on regulators to let banks increase their capital after the crisis to prevent a repeat of 2008. The proposal is backed by the Financial Services Roundtable, an organization lobbying Congress to raise capital, and by the Financial Services Forum, a lobby group that represents the major financial institutions.

An SEC rule announced in May that sets a 15% cap on how

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