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Submission + - $2,000 Bribe Bought Password to DC P.O. System

Submitted by
theodp
theodp writes: "While the Administration is counting on new Federal CIO Vivek Kundra to simplify and speed the federal IT procurement process, it's doubtful he'll be able to reduce red tape to the extent that a former minion of his did at the scandal-rocked D.C. Office of the CTO. Exhibiting some truly out-of-the-box thinking, project manager Tawanna Sellmon not only processed phony invoices for the contractor at the center of the D.C. bribery and kickback scandal, she also gave him the password to the city's computerized database used to track purchase orders. Sellmon pleaded guilty last week for her role in the scam, which netted her an envelope containing $2,000 in cash, as well as an undisclosed number of $25-$100 gift cards. MasterCard business gift giving: Priceless."
Math

Submission + - BellKor Wins Netflix $1 Million by 20 Minutes (nytimes.com)

Submitted by
eldavojohn
eldavojohn writes: "There was a strange development at the end of Netflix's competition in which The Ensemble passed BellKor's Pragmatic Chaos by 0.01% merely twenty minutes after BellKor had submitted results past the ten percent mark required to win the million dollars. Unfortunately for The Ensemble, BellKor was declared the victor this morning by that twenty minute margin and the million dollars was lost. For those of you following the story, The New York Times reports on how teams merged to form Bellkor's Pragmatic Chaos and take the lead which sparked an arms race of teams conjoining to merge their algorithms to produce better results. Now the Netflix Prize 2 competition has been announced."

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The time spent on any item of the agenda [of a finance committee] will be in inverse proportion to the sum involved. -- C.N. Parkinson

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