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Software

+ - Researcher: Open Source Wall Street to Save It->

Submitted by
CWmike
CWmike writes "The full depth of IT's involvement in Wall Street's meltdown is unknown, but one plan to stop it from happening again calls upon a growing IT trend: open source. Erik Gerding, an assistant professor of law at University of New Mexico who researches securities law and asset price bubbles, says that in agreeing to rely on computer models, the U.S. Securities and Exchange Commission essentially "outsourced" the financial regulation to proprietary codes developed by financial services firms. The fix? Open source the underlying codes — much like with open source software — to improve risk assessment, and increase transparency."
Link to Original Source
Space

Asteroid Explodes Over Sudan 114

Posted by timothy
from the did-it-make-a-noise dept.
radioweather writes "A recently discovered Apollo Asteroid, 2008 TC3, exploded over Sudan at about 1046 EDT on October 7, 2008, according to astronomer Tim Spahr of Harvard University 2008 TC3 was discovered on Monday by an observer at the Mt Lemmon Observatory near Tucson, Arizona. 2008 TC3 is notable in that it is the first Asteroid of its size that was identified before impact and tracking it put the entire Spaceguard tracking system to an extreme test. TC3 is estimated to be only two to five meters in diameter but exploded with the force of a one kiloton of explosive power." We mentioned the asteroid last on Monday, when it was only at a 99.8 percent chance of colliding with Earth.

The clearest way into the Universe is through a forest wilderness. -- John Muir

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