Is the Singularity Already Happening at Goldman Sachs? '"Nearly everyone on Wall Street is wondering how hedge funds and large banks like Goldman Sachs are making so much money so soon after the financial system nearly collapsed," writes the New York Times' Charles Duhigg in a front page piece that’s been the talk of the town in New York and Washington. "High-frequency trading is one answer." Duhigg writes, “High-frequency trading systems are so fast they can outsmart or outrun other investors, humans and computers alike".' School Officials Face Jail Time for Meal-time Prayers 'A principal and an athletic director are facing criminal charges for a lunch-time prayer. Last year, the American Civil Liberties Union filed a lawsuit against Pace High School in Santa Rosa County, Florida. The ACLU claimed some teachers and administrators were endorsing religion, but the school chose to give in to the ACLU's demands rather than fight them in court. According to the settlement, all school employees are banned from engaging in prayer or religious activities before, during, or after school hours. Now two school officials are facing criminal charges for offering meal-time prayers at an appreciation dinner for adults who had helped with a school field house project. Principal Frank Lay and athletic director Robert Freeman are scheduled to go on trial next month on criminal contempt charges. If convicted, both are subject to fines and imprisonment.' The Real Grand Chessboard and the Profiteers of War 'In the Road to 9/11 I summarized the dialectic of open societies: how from their energy they expand, leading to a higher level of more secretive corporations and agencies, which eventually weaken the home country through needless and crushing wars.I am not alone in seeing America in the final stages of this process, which since the Renaissance has brought down Spain, the Netherlands, and Great Britain.'
Wednesday, 12 August 2009
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