By Svea Herbst-Bayliss – In a textbook argument that appeared to push back at some of his more hawkish peers, Boston Fed President Eric Rosengren brushed aside concerns over inflation and made it clear that he will support the central bank’s efforts to relieve U.S. joblessness, which was 7.8 percent last month.
“Continued monetary accommodation is absolutely appropriate and indeed needed as long as we are projected to miss on both elements of the Fed‘s dual mandate, inflation and employment,” he said in prepared remarks to the Greater Providence Chamber of Commerce. more> http://tinyurl.com/cxv3wlg
Posted in Banking, Business, Economy
Tagged Boston, Capital, Eric Rosengren, Federal Reserve System, Financial crisis, Industrial economy, Inflation, Monetary policy, Unemployment, United States
CONGRESS WATCH Egypt enables ongoing abduction, John Kerry, Boston Herald/US Senate Consideration of Deferred Action for Childhood Arrivals Process, U.S. Citizenship and Immigration Services Lugar, Kerry Resolution Honoring Ambassador Stevens, Other Victims and Condemning Libya Violence Passes Senate Tonight, US … Continue reading
International Terminal of San Francisco International Airport (Photo credit: Wikipedia)
By Ann Bednarz – Corporate data stores are growing exponentially, nearly every tech vendor is positioning their products to help handle the influx of data, and IT departments are scrambling to find the right people to collect, analyze and interpret data in a way that’s meaningful to the business. On the employment front, the big data deluge is creating a hiring boom across North America.
San Francisco tops the Modis list, followed by McLean, Va., Boston, St. Louis and Toronto. more> http://tinyurl.com/9uxflm8
CONGRESS WATCH Employer Partnership of the Armed Forces, employerpartnership.org Senator Kerry Floor Speech Tribute to Boston Mayor Kevin White, YouTube [VIDEO 9:07] Kerry, U.S. Education Secretary Duncan Hold Student Town Hall, US Senate Education Town Hall with Secretary Duncan, US … Continue reading
IBM – IBM Research (NYSE: IBM)/ (#ibmresearch) have achieved major advances in quantum computing device performance that may accelerate the realization of a practical, full-scale quantum computer.
IBM researchers will be presenting their latest results today at the annual meeting taking place February 27-March 2, 2012 in Boston, Mass.
The special properties of qubits will allow quantum computers to work on millions of computations at once, while desktop PCs can typically handle minimal simultaneous computations. For example, a single 250-qubit state contains more bits of information than there are atoms in the universe.
These properties will have wide-spread implications foremost for the field of data encryption where quantum computers could factor very large numbers like those used to decode and encode sensitive information.
“The quantum computing work we are doing shows it is no longer just a brute force physics experiment. It’s time to start creating systems based on this science that will take computing to a new frontier,” says IBM scientist Matthias Steffen, manager of the IBM Research team that’s focused on developing quantum computing systems to a point where it can be applied to real-world problems. [VIDEO 4:46] more> http://is.gd/4XAK3K
Posted in Business, Economic development, Product, Science, Technology
Tagged American Physical Society, Boston, Computation, IBM, IBM Research, Industrial economy, Quantum computer, Quantum mechanics, Qubit, Semiconductor