SLIDE SHOW(7): The FCC’s powers
By Cecilia Kang – As the government prepares Thursday (10/27/11) to commit billions of dollars to bring high-speed Internet to rural areas, the biggest-ever such project has collapsed.
The company Open Range, backed by a commitment of $267 million in loans from the Agriculture Department, filed for bankruptcy this month.
The furor was sparked by the high-profile failure of solar-panel manufacturer Solyndra, which filed for bankruptcy after getting more than $535 million in federal loan guarantees. more> http://twurl.nl/4fqfer
Posted in Broadband, Business, telecom
Tagged Bankruptcy, Broadband, Capital, Loan guarantee, Obama administration, Open Range, Solyndra, United States, United States Department of Energy, United States Department of Justice
By Alan Wheatley – The complex agreement reached in Brussels in the early hours of Thursday lends credence to the view that the euro zone will somehow muddle through. But it is not the Grand Plan that optimists had hoped for: what was the 14th summit in less than two years to tackle the crisis will not be the last.
Expressed as the “net present value” of the bonds, the proposed loss will be close to 70 percent, much more than the 40 percent hit that banks had volunteered to take, RBS said. What’s more, the EFSF will be too small to offer help to any country that might need it for any length of time. more> http://twurl.nl/67w1tm
- Euro deal leaves much to do on rescue fund, Greek debt, Luke Baker and Julien Toyer, Reuters
- EU cuts back-room deal on Greek debt write-down, Claire Davenport, EurActiv
- Eurozone hopes rest on summit ‘bazooka’, Georgi Gotev, EurActiv
- EU chiefs to charm China on boosting bailout fund, Jeremy Fleming, EurActiv
- EU summit raises fears of ‘two-speed’ Europe, EurActiv
- Merkel rebuffs Sarkozy on euro zone solution (theneteconomy.wordpress.com)
- EU weighs insurance, SPV options to boost euro fund (theneteconomy.wordpress.com)
- Europe’s New Debt Crisis Agreement: The Good, The Bad, The Ugly (curiouscapitalist.blogs.time.com)
- Euro Zone Strikes a Deal With Lots of Promise But Few Details (time.com)
September 4, 1927 – October 24, 2011
R&D Mag – McCarthy was a leader in the artificial intelligence field, coining the term in a 1955 research proposal. He said “every aspect of learning or any other feature of intelligence can in principle be so precisely described that a machine can be made to simulate it.”
He went on to create the MIT Artificial Intelligence Lab and the Stanford Artificial Intelligence Lab, serving as its director from 1965 to 1980.
In 1958, McCarthy invented the programming language Lisp, which paved the way for voice recognition technology, including Siri, the personal assistant application on the newest iPhone.
McCarthy also developed the concept of computer time-sharing, which allowed multiple users to interact with a single computer. That lay the foundation for cloud computing today. more> http://twurl.nl/n11w7k
Posted in Education, History, Leadership, Net, Technology
Tagged Artificial intelligence, Electronics, iPhone, John McCarthy, Lisp, List of Stanford University Centers and Institutes, Programming language, Siri, Software, United States
By Jena McGregor – Unlike so many CEO transitions these days, this one was pulled off noticeably smooth. Samuel J. Palmisano is departing the massive technology firm while it is performing at the top of its game, leaving Virginia Rometty with a strong foundation to build on rather than a mess to clean up. He and IBM’s board put in place a company veteran who has served Big Blue for 30 years and knows the ins and outs of the company’s culture, customers and challenges. more> http://twurl.nl/6zpifs
CONGRESS WATCH Top Economists to Advise Sanders on Fed Reform, US Senate The Sanders Report on the GAO Audit on Major Conflicts of Interest at the Federal Reserve (pdf), US Senate Fed Risks Credibility Over Bank Ties, Report Says, Michael … Continue reading