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Osiris Indigo

The Fed as Giant Counterfeiter - 0 views

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    San Jose State economics professor Jeffrey Rogers Hummel tells all his students that the easiest way to understand the Federal Reserve is to think of it as a giant, legalized counterfeiter. I had always known that the Fed and other central banks were like counterfeiters, but I still thought that the actual mechanics of open-market operations and so forth actually provided some important distinctions.
Osiris Indigo

U.S. May Lose 824,000 Jobs as Employment Data - 0 views

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    The U.S. may lose 824,000 jobs when the government releases its annual revision to employment data on Feb. 5, showing the labor market was in worse shape during the recession than known at the time. Click here for a Bloomberg Multimedia interactive visual analysis of the economy's job losses.
Osiris Indigo

Foreclosure Plague Grows - 0 views

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    The new foreclosure plague is tied more to the economy than bad mortgages. Here are 10 cities where defaults grew the fastest in 2009.
Osiris Indigo

Report: No sanctions for lawyers who OK'd torture (AP) - Yahoo! News - Yahoo! Buzz - 0 views

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    AP - Bush administration lawyers who drafted legal theories that led to waterboarding and other harsh treatment of terrorism suspects showed poor judgment but won't face sanctions for professional misconduct, according to a published report.
Osiris Indigo

The Emergence of a Global Brain - Will It Happen? - 0 views

  • "It seems plausible that with technology we can, in the fairly near future create (or become) creatures who surpass humans in every intellectual and creative dimension. Events beyond such an event -- such a singularity -- are as unimaginable to us as opera is to a flatworm."Vernor Vinge -SciFi great
  • The Singularity is an apocalyptic idea originally proposed by John von Neumann, one of the inventors of digital computation, and elucidated by figures such as Ray Kurzweil and scifi great Vernor Vinge.
  • "The Singularity" is seen by some as the end point of our current culture, when the ever-accelerating evolution of technology finally overtakes us and changes everything.  It's been represented as everything from the end of all life to the beginning of a utopian age, which you might recognize as the endgames of most other religious beliefs.
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  • "One day soon, maybe twenty or thirty years into the twenty- first century, computers and robots will be able to construct copies of themselves, and these copies will be a little better than the originals because of intelligent software. The second generation of robots will then make a third, but it will take less time, because of the improvements over the first generation.
  • "The process will repeat. Successive generations will be ever smarter and will appear ever faster. People might think they’re in control, until one fine day the rate of robot improvement ramps up so quickly that superintelligent robots will suddenly rule the Earth."
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    "It seems plausible that with technology we can, in the fairly near future create (or become) creatures who surpass humans in every intellectual and creative dimension. Events beyond such an event -- such a singularity -- are as unimaginable to us as opera is to a flatworm." Vernor Vinge -SciFi great The Singularity is an apocalyptic idea originally proposed by John von Neumann, one of the inventors of digital computation, and elucidated by figures such as Ray Kurzweil and scifi great Vernor Vinge. "The Singularity" is seen by some as the end point of our current culture, when the ever-accelerating evolution of technology finally overtakes us and changes everything.  It's been represented as everything from the end of all life to the beginning of a utopian age, which you might recognize as the endgames of most other religious beliefs.
Osiris Indigo

Secret Banking Cabal Emerges From AIG Shadows: David Reilly - Bloomberg.com - 0 views

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    The idea of secret banking cabals that control the country and global economy are a given among conspiracy theorists who stockpile ammo, bottled water and peanut butter. After this week's congressional hearing into the bailout of American International Group Inc., you have to wonder if those folks are crazy after all. Wednesday's hearing described a secretive group deploying billions of dollars to favored banks, operating with little oversight by the public or elected officials.
Osiris Indigo

UN climate change panel based claims on student dissertation and magazine article - Tel... - 0 views

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    The United Nations' expert panel on climate change based claims about ice disappearing from the world's mountain tops on a student's dissertation and an article in a mountaineering magazine.
Osiris Indigo

New Aurora Mystery: What is going on in the skies over Norway!? - 0 views

  • On Jan. 20, 2010, Per-Arne Mikalsen was photographing a vast aurora erupting over the northern Norwegian town of Andenes. Because solar activity is on the increase, aurora spotters have many opportunities to see the Northern Lights. On this particular night the aurora was intense, stretching toward the southern latitudes of Norway. In one of the photographs taken by Mikalsen was an "object" that couldn't be identified. Although Mikalsen had taken several images at the same location, just one photo showed a mysterious green parachute-like object hanging with the main aurora. (This time, it appears that the Russian military was not involved in the making of this strange shape in the sky.)
  • My personal concern about the satellite flare theory is the question about auroral light intensity. Is the light from a large aurora bright enough to bounce off a satellite and appear as an auroral satellite flare as a point? And in turn produce a parachute-shaped, lens flare-like projection in the photo? I couldn't imagine even an Iridium satellite amplifying auroral light that much (although a stonking-huge orbital solar power array of the future might do a better job). "The intensity of an intense aurora is not far from the intensity of moonlight, which is 1/100,000 of sun's light, and the solar Iridium flares apparently are several orders of magnitude stronger than this 'auroral flare,' so the intensity does not immediately exclude the satellite reflection hypothesis," said Hansen.
Osiris Indigo

Taxpayers pay $101,000 for Pelosi's in-flight 'food, booze' - 0 views

  • It reads like a dream order for some wild frat party: Maker's Mark whiskey, Courvoisier cognac, Johnny Walker Red scotch, Grey Goose vodka, E&J brandy, Bailey's Irish Crème, Bacardi Light rum, Jim Beam whiskey, Beefeater gin, Dewars scotch, Bombay Sapphire gin, Jack Daniels whiskey … and Corona beer. But that single receipt makes up just part of the more than $101,000 taxpayers paid for "in-flight services" – including food and liquor, for House Speaker Nancy Pelosi's trips on Air Force jets over the last two years. That's almost $1,000 per week.
  • It reads like a dream order for a wild frat party: Maker's Mark whiskey, Courvoisier cognac, Johnny Walker Red scotch, Grey Goose vodka, E&J brandy, Bailey's Irish Crème, Bacardi Light rum, Jim Beam whiskey, Beefeater gin, Dewars scotch, Bombay Sapphire gin, Jack Daniels whiskey … and Corona beer.
Osiris Indigo

Levitating magnet may yield new approach to clean energy - 0 views

  • A new experiment that reproduces the magnetic fields of the Earth and other planets has yielded its first significant results. The findings confirm that its unique approach has some potential to be developed as a new way of creating a power-producing plant based on nuclear fusion -- the process that generates the sun's prodigious output of energy.
Osiris Indigo

'Nobel Peace Prize-winner Barack Obama ups spending on nuclear weapons to even more tha... - 0 views

  • Barack Obama has allocated £4.3billion to spend on maintaining the U.S. nuclear weapons stockpile - £370million more than what was budgeted by George Bush.The budget will also be increased by more than £3.1billion over the next five years.The announcement comes despite the American President declaring nuclear weapons were the ‘greatest danger’ to U.S. people during in his State of the Union address on Wednesday.
Osiris Indigo

The Global Debt Bomb - 0 views

  • Kyle Bass has bet the house against Japan--his own house, that is. The Dallas hedge fund manager (no relation to the famous Bass family of Fort Worth) is so convinced the Japanese government's profligate spending will drive the nation to the brink of default that he financed his home with a five-year loan denominated in yen, which he hopes will be cheaper to pay back than dollars. Through his hedge fund, Hayman Advisors, Bass has also bought $6 million worth of securities that will jump in value if interest rates on ten-year Japanese government bonds, currently a minuscule 1.3%, rise to something more like ten-year Treasuries in the U.S. (a recent 3.4%). A former Bear Stearns trader, Bass turned $110 million into $700 million by betting against subprime debt in 2006. "Japan is the most asymmetric opportunity I have ever seen," he says, "way better than subprime."
    • Osiris Indigo
       
      It just gets bigger and bigger
Osiris Indigo

Nanotech breakthrough: get ready for graphene - 0 views

  • The exciting one-atom thick super material can now be produced in ample quantities and high quality. Rapid improvements in nanotechnology are now expected.
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