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Robotics

Where's Waldo (the Submarine)? 107

Posted by timothy from the keep-an-eye-out dept.
stoolpigeon writes "Scientists on Florida's Gulf Coast are trying to find an underwater robot that has mysteriously vanished. The robot from the Mote Marine Laboratory in Sarasota has been missing since Monday. The robot, which cost about $100,000, was equipped with a detector to find red tide, a toxic algae bloom. The detector was valued at another $30,000. Scientists aren't sure what happened to the robot, which is nicknamed Waldo."
Supercomputing

Greenspan Tells Congress Bad Data Hurt Wall Street 496

Posted by timothy from the but-all-this-looted-cash-won't-do-much-harm dept.
CWmike writes "Former Reserve Bank chairman Alan Greenspan has long praised technology as a tool to limit risks in financial markets. In 2005, he said better risk scoring by high-performance computing made it possible for lenders to extend credit to subprime borrowers. But today Greenspan told Congress that the data fed into financial systems was often a case of garbage in, garbage out. Christopher Cox, chairman of the Securities and Exchange Commission, told the committee that bad code led the credit rating agencies to give AAA ratings to mortgage-backed securities that didn't deserve them. Explaining in his testimony what failed, Cox noted a 2004 decision to rely on the computer models for assessing risks — a decision that essentially outsourced regulatory duties to Wall Street firms themselves."

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