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Comment Re:Why listen to financial analysts at all? (Score 1) 232

Funny thing is, The Big Short was a great movie up until it started preaching on how greed led to the so-called collapse of the financial system. Here's the thing, the subprime mortgage crisis wasn't caused because bankers were greedy. I can think of at least three parties to blame before them:
  1. 1. credit agencies, who effectively defrauded everyone by assigning AAA rating to junk securities, when their sole job is to assess the risk of a security and slap a sticker on it warning investors
  2. 2. realtors, who sold mortgages to people who really couldn't afford them
  3. 3. people, who bought mortgages they really couldn't afford (think of the stripper who had 5 condos in the movie)

Bankers were investing the money of their clients to get a return. That's what they are *supposed* to do. Yet everyone blames them because it's so much easier to say "BOO CAPITALISM!" and have a bigger target to fear than to admit that we brought this whole thing onto ourselves.

Comment You've got to appreciate the irony... (Score 3, Interesting) 80

in the fact that an international drug smuggler wants to appeal his conviction by arguing that Yahoo! "broke the law". I understand the legal reasoning behind it, but if it were Hollywood, not real life, his request would most likely be met with a punch to the face marking the end of the scene.

Submission + - Cybersecurity consultant hacked airplanes midflight through entertainment system (cnn.com)

loftarasa writes: In an affidavit to the FBI, Chris Roberts claimed he hacked computer systems of airplanes over twenty times through the use of a modified Ethernet cable connected to a port underneath his seat. In one opportunity, Roberts issued a CLB ("climb") command, making one of the engines in the airplane climb, resulting in the lateral movement of the plane. "United Airlines told the FBI that Roberts had posted tweets about hacking into the plane he was traveling on and possibly activating the emergency passenger oxygen masks, the document says."

Submission + - U.S. Navy develops swarms of mini Cicada drones to spy on enemies (thestack.com)

An anonymous reader writes: The U.S. Navy has unveiled its latest Cicada drone – a smaller model of the smart glider which military scientists have been developing for almost ten years. The tiny autonomous machine was presented last week at the Department of Defense’s Lab Day. The newest iteration of the Cicada, a yellow angular unit with two semi-circular wings, is the smallest and most low-cost yet and is able to fit in the palm of a hand. Cicadas or Covert Autonomous Disposable Aircraft, developed by the Naval Research Laboratory, are designed to be disposable and to work together emulating the insects’ swarm flight patterns. The lightweight gliders are packed with sensors to monitor and feedback data on the weather, temperature, humidity and air pressure. They also offer the option to house microphones or vibration sensors to spy on enemy communications and to detect chemical weapons.

Submission + - World's Smallest Beamsplitter Paves Way Toward Computing at the Speed of Light (gizmag.com)

Zothecula writes: Silicon photonics is an emerging technology that incorporates electronic circuits using photons of laser light rather than electrons to transmit, receive, and manipulate information. As such, a silicon photonic CPU could potentially process information at the speed of light – millions of times faster than computers available today. In a step towards this goal, engineers working at the University of Utah have developed an ultra-compact photonic beam-splitter so small that millions of these devices could fit on a single silicon chip.

Submission + - Researchers: Microwaves Could Help You Surf the Internet at the Speed of Light (itworld.com)

itwbennett writes: Researchers from the University of Illinois at Urbana-Champaign and Duke University recently looked at the main causes of Internet latency and what it would take to achieve speed-of-light performance. The first part of the paper, titled Towards a Speed of Light Internet, is devoted to finding out where the slowdowns are coming from. They found that the bulk of the delay comes from the latency of the underlying infrastructure, which works in a multiplicative way by affecting each step in the request. The second part of the paper proposes what turns out to be a relatively cheap and potentially doable solution to bring Internet speeds close to the speed of light for the vast majority of us. The authors propose creating a network that would connect major population centers using microwave networks.

Submission + - Physicists reveal new way of cooling large objects with light (physicsworld.com)

loftarasa writes: Physics World reportsthat a team of scientists in Germany and Russia has succesfully demonstrated a proof-of-concept experiment that combines the traditional "dispersive coupling" method for cooling objects with light with a new method called "dissipative coupling", which employs quantum noise. If ultimately proven succesful, this technique could be used, for example, for performing quantum experiments on a macro scale, and possibly for creating gravitational-wave detectors.

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