5432157
submission
Ralph Spoilsport writes:
It seems digg has banned laughingsquid. Why this is so is anyone's guess. Digg ain't talkin' and everyone else is puzzled. Is this pernicious? Or some kind of a non-malicious screw up? Or something in between? Any ideas out there?
3549671
submission
Ralph Spoilsport writes:
Major annoucement from First Solar: $1 per watt solar modules. The entire announcement is HERE. This is an extremely important price barrier breakthrough. Inexpensive PV solar is critical to maintaining an industrial society in a postCarbon context, and is a great example of how green tech can and will be central to business plans over the next few decades as we transition out of the age of fossil fuels. Solar has its obvious problems (doesn't work in the dark, etc.) but finally cost is becoming not one of them.
3517501
submission
Ralph Spoilsport writes:
One of the recurring fears in a digitally linked global economy is the scenario where there is an electronic "run on the bank", a scenario that would make the run on banks of the early 1930s look like a pocketful of change. Even Bill Maher in his broadcast of 20.FEB.09 mused to the effect of "What would happen if the Chinese took all their money out?" Well it seems that Doomsday Scenario passed already, on 15.SEP.09. It seems that in a period of minutes, $550 billion dollars disappeared electronically from the Federal Reserve System in the form of liquidated money market funds. This story was told by Rep. Kanjorski (D-PA). Now, whether this was the Chinese doing a panic withdrawal or the major banks pulling out all stops to cover their bad debts is unknown at this time, but it does show one important thing: technology permitted a panic sell-off of unprecedented proportions that could have been completely catastrophic. What is also distressing is that there has been ZERO media coverage on this.