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  </channel><item rdf:about="http://www.technologyreview.com/computing/40406/?ref=rss">
    <title>TechReview 20120514 - A Computer Interface that Takes a Load Off Your Mind</title>
    <dc:date>2012-05-14T19:45:14+00:00</dc:date>
    <link>http://www.technologyreview.com/computing/40406/?ref=rss</link>
    <dc:creator>mjaniec</dc:creator><description><![CDATA[Researchers at MIT and Tufts are experimenting with a way for computers to gain a little insight into our inner world.

Their system, called Brainput, is designed to recognize when a person's workload is excessive and then automatically modify a computer interface to make it easier. The researchers used a lightweight, portable brain monitoring technology, called functional near-infrared spectroscopy (fNIRS), that determines when a person is multitasking. Analysis of the brain scan data was then fed into a system that adjusted the user's workload at those times. A computing system with Brainput could, in other words, learn to give you a break.

"A good chunk of computer and human-computing interaction research these days is focused on giving computers better senses so they can either implicitly or explicitly augment our intellect and assist with our tasks," says Desney Tan, a researcher at Microsoft Research. "This work is a wonderful first step toward understanding our changing mental state and designing interfaces that dynamically tailor themselves so that the human-computer system can be as effective as possible."

Treacy Solovey suggests that such a system could potentially be used to help drivers, pilots, and supervisors of unmanned aerial vehicles. She says future work will investigate other cognitive states that can be reliably measured using fNIRS.]]></description>
<dc:subject>brain-computer_interface Brainput information_glut brain</dc:subject>
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<item rdf:about="http://www.popsci.com/technology/article/2012-05/build-real-starship-enterprise-make-it-so-ambitious-engineer-says">
    <title>PopSci 20120514 - Engineer Details Plans to Build a Real, Burj-Dubai-Sized Starship Enterprise in 20 Years</title>
    <dc:date>2012-05-14T19:16:46+00:00</dc:date>
    <link>http://www.popsci.com/technology/article/2012-05/build-real-starship-enterprise-make-it-so-ambitious-engineer-says</link>
    <dc:creator>mjaniec</dc:creator><description><![CDATA[The year 2245 is just too distant — we should build and commission a real USS Enterprise right now, cracking the champagne across her hull within 20 years, according to an enterprising engineer. 

The gigantic ship would use ion propulsion, powered by a 1.5-GW nuclear reactor, and could reach Mars in three months and the moon in three days. Its 0.3-mile-diameter, magnetically suspended gravity wheel spinning at 2 RPM would provide 1G of gravity, and the thing looks just like the "Star Trek" ship of lore.

This project is the brainchild of an engineer who calls himself BTE Dan. As in “Build The Enterprise,” which is also the name of his brand-new website.

“We have the technological reach to build the first generation of the spaceship known as the USS Enterprise – so let’s do it,” BTE Dan writes. He even sifts through the federal budget and proposes tax hikes and spending cuts to cover the $1 trillion cost.

Though the "Star Trek" connection lends the project an air of sci-fi fun, BTE Dan is hardly the only engineer dreaming up a next-generation spaceship to the stars. DARPA's 100-Year Starship project is designed partly to foster ideas just like this one, from a project planning roadmap to a real ship.

http://www.buildtheenterprise.org/

http://www.popsci.com/category/tags/100-year-starship
]]></description>
<dc:subject>DARPA starship space_exploration</dc:subject>
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    <title>BBC 20120514 - China, S Korea and Japan to begin free trade talks</title>
    <dc:date>2012-05-14T04:22:44+00:00</dc:date>
    <link>http://www.bbc.co.uk/news/business-18055033</link>
    <dc:creator>mjaniec</dc:creator><description><![CDATA[The leaders of China, Japan and South Korea, three of Asia's biggest economies, have agreed to begin talks this year for a free-trade agreement.

The three leaders also signed a trilateral investment agreement, at a summit in Beijing on Sunday.

China is the biggest trading partner of both Japan and South Korea.

Trade between the three countries reached $690bn in 2011, up from only $130bn in 1999, according to a Chinese government report.]]></description>
<dc:subject>economy China South_Korea Japan</dc:subject>
<dc:source>http://pinboard.in/</dc:source>
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<item rdf:about="http://www.reuters.com/article/2012/05/10/us-jpmorgan-trading-idUSB%3CRE8491H020120510?feedType=RSS&amp;feedName=topNews&amp;rpc=71">
    <title>Reuters 20120510 - JPMorgan has $2 billion trading loss, reputation hit</title>
    <dc:date>2012-05-11T04:56:57+00:00</dc:date>
    <link>http://www.reuters.com/article/2012/05/10/us-jpmorgan-trading-idUSB%3CRE8491H020120510?feedType=RSS&amp;feedName=topNews&amp;rpc=71</link>
    <dc:creator>mjaniec</dc:creator><description><![CDATA[JPMorgan Chase & Co said on Thursday that it suffered a $2 billion trading loss from a failed hedging strategy.

Since the end of March, the company's Chief Investment Office "has had significant mark-to-market losses in its synthetic credit portfolio," the company said in a quarterly filing with the Securities and Exchange Commission.

JPMorgan said that other gains partially offset the trading loss, and that it estimates that the business unit with the portfolio will post a loss of $800 million in the second quarter, excluding private equity results and litigation expenses. That compares with a profit of about $200 million that the bank had forecast previously.

Conference call audio: http://bit.ly/IOUQRq]]></description>
<dc:subject>JPMorgan risk_management hedging</dc:subject>
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<item rdf:about="http://www.bloomberg.com/news/2012-05-04/paulson-hedge-fund-said-to-extend-slump-with-april-loss.html">
    <title>Bloomberg 20120505 - Paulson Hedge Fund Said to Extend Slump With April Loss</title>
    <dc:date>2012-05-09T04:35:08+00:00</dc:date>
    <link>http://www.bloomberg.com/news/2012-05-04/paulson-hedge-fund-said-to-extend-slump-with-april-loss.html</link>
    <dc:creator>mjaniec</dc:creator><description><![CDATA[John Paulson, the billionaire hedge- fund manager seeking to reverse record losses in 2011, lost 6.7 percent last month in one of his largest funds as gold-mining stocks dropped, said two people briefed on the returns.

The decline leaves Advantage Plus, which seeks to profit from corporate events such as takeovers and bankruptcies and uses leverage to amplify returns, down 8.8 percent this year. Since inception in 2005, it has gained 15 percent annually on average.

Paulson, 56, who became a billionaire in 2007 by betting against the U.S. subprime mortgage market, told clients in February that gold is his best long-term bet, serving as protection against currency debasement, rising inflation and a possible breakup of the euro. Gold miners are historically inexpensive, he said at a meeting with investors last month.

“Over the last 12 months there’s been a disconnect between the buyers of gold bullion, like central banks who are strategic long-term holders of gold, and the buyers of gold equities, who may believe gold prices will fall in the short term,” Paulson said yesterday in a letter to investors. “This disconnect has caused a large discrepancy between the gold spot price and the implied valuation of gold through gold equities.”

Gold-mining stocks in the 64-member S&P/TSX Global Gold Index slumped 7.3 percent in April and 13 percent in the first four months of 2012. In comparison, bullion fell 0.5 percent last month amid concern that Europe’s debt crisis may worsen and that a slowdown in China may curb demand for the precious metal.

The decline in gold miners also drove losses in Paulson’s Gold Fund, which can buy derivatives and other gold-related investments, Paulson said in the letter. The fund declined 5.3 percent last month and 11 percent this year. Since inception in 2010, it gained 2.8 percent annually, on average.

Paulson’s funds rose 1.7 percent this year through April 30, a weighted average across all strategies, the firm said in its letter, as funds including Recovery and Enhanced climbed.

The Advantage Fund, which employs a strategy similar to Advantage Plus, decreased 5 percent last month and 6 percent this year. Since inception in 2004, it gained an annual average of 12 percent.

Paulson’s Recovery Fund, which invests in assets Paulson believes will benefit from a long-term economic rebound, such as financial services, insurance, hotels and real estate companies, fell 1.4 percent in April and gained 8 percent in the first four months of 2012, the people said. Since its inception in 2008, it has gained 5.4 percent annually.

The firm’s Enhanced Fund, which invests in the shares of merging companies, declined 0.9 percent in April and climbed 12 percent this year. Since the fund began in 2001, it advanced 24 percent a year on average.

Paulson’s Credit Opportunities Fund dropped 0.7 percent last month and gained 4.2 percent in 2012. Since inception in 2006, the fund surged 56 percent a year, which includes a 590 percent jump in 2007, largely because of Paulson’s bets against the U.S. subprime mortgage market, one of the people said.

Advantage Fund             -5.0% April,  -6.0% YTD, +12.0% CAGR since 2004
Advantage Plus             -6.7% April,  -8.8% YTD, +15.0% CAGR since 2005
Gold Fund                  -5.3% April, -11.0% YTD,  +2.8% CAGR since 2010
Recovery Fund              -1.4% April,  +8.0% YTD,  +5.4% CAGR since 2008
Enhanced Fund              -0.9% April, +12.0% YTD, +24.0% CAGR since 2001
Credit Opportunities Fund  -0.7% April,  +4.2% YTD, +56.0% CAGR since 2006
]]></description>
<dc:subject>hedge_funds John_Paulson gold</dc:subject>
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<item rdf:about="http://www.oftwominds.com/blogmay12/costs-labor5-12.html">
    <title>of two minds 20120508 - Why the Job Market Will Continue Shrinking</title>
    <dc:date>2012-05-09T04:18:09+00:00</dc:date>
    <link>http://www.oftwominds.com/blogmay12/costs-labor5-12.html</link>
    <dc:creator>mjaniec</dc:creator><description><![CDATA[The fundamental dynamic of America's job market is simple: we need relatively few workers to provide the absolute essentials of life to the 313 million residents of America even as the cost-basis of the economy inexorably rises. In other words, there are fewer jobs even as the costs of maintaining a "middle class" life rise.

Let's stipulate that bare essentials include food, heat in winter, clean water, sewage and waste disposal, public health (innoculations against pandemics, etc.), public safety and enough energy to fuel these essentials.

Roughly 1% of the workforce raises the vast majority of our food, and a modest number of workers maintain the water and sewage systems, natural gas pipelines, furnaces, etc., A similarly modest number of workers maintain public health and safety and provide transport of essentials.

Of the official workforce of 154 million, how many fall into this "absolute essentials of life" category? Perhaps 10% or 15 million people? Even if we double that to include all sorts of non-essential but "critical" goods and services, then that's perhaps 30 million workers, roughly 10% of the population and about 12.5% of the real workforce of 240 million.

We all know the dynamic behind this dramatic reduction in the number of people needed to provide the essentials of life: enormous increases in productivity based on abundant fossil fuels and advanced technology.

Even well-made infrastructure requires maintenance, but this process of replacing aging transmission lines, water mains, highways, refineries, etc. requires a relatively modest number of workers because machines do much of the work.

On a macro-scale, the challenge in advanced economies is creating "make-work" for 80% of the working age population. This is not an issue in developing economies, as most of the workforce is non-market and does not participate much in the cash economy. For example, only 7% of India's vast workforce of hundreds of millions of people gets a paycheck. The other 93% survive via barter, raising their own food, a bit of trade or occasional labor for cash, etc.

Before industrialization, roughly 50% of the U.S. population and workforce lived and worked on farms. The surplus of their labor fed the other 50% who lived in urban areas, and that cash supplied the few essentials the rural dwellers needed.]]></description>
<dc:subject>economy job_market USA post_industrial_economy robotics</dc:subject>
<dc:source>http://pinboard.in/</dc:source>
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<item rdf:about="http://www.stratfor.com/weekly/putins-evolving-strategy-europe?elq=1f25f9e51b0d49b39935e2a9f2162396">
    <title>Stratfor 20120508 - Putin's Evolving Strategy in Europe</title>
    <dc:date>2012-05-08T18:34:38+00:00</dc:date>
    <link>http://www.stratfor.com/weekly/putins-evolving-strategy-europe?elq=1f25f9e51b0d49b39935e2a9f2162396</link>
    <dc:creator>mjaniec</dc:creator><description><![CDATA[As Putin returns to the presidency, he faces a very different Europe -- one in which nearly all of his close friends are out of power. As prime minister, Putin focused on Russia's internal issues while Europe became embroiled in a political and financial crisis that has affected the Continent as a whole. Europe is not as concerned as it once was with the wider world (including Russia). Instead, each state is focused on keeping itself -- and some form of the European alliance -- intact.

Voters have ejected two of the three Russian-friendly European governments during these crises. Berlusconi and his political machine were forced from power in favor of technocrat and now Prime Minister Mario Monti. Monti lacks the political mandate or the will to become involved in geopolitical alignments like a close relationship with Russia. France's Chirac has retired from politics, and Sarkozy was voted out of office the day before Putin was inaugurated. France's Hollande surrounds himself with politicians who have not been in government at any point when Putin was in charge in Russia. This leaves Merkel, whose ties with Putin are the weakest in the Russian leader's European circle. Furthermore, Merkel is concerned with holding Europe together, leaving little time or interest for Russia's plans for Europe.

Thus, Putin's tactic of using personal relationships to help strengthen Russia's position in Europe seems to be outdated.

Before the Continent's financial and political crises, Russia had forged a new strategy for foreign policy regarding Europe in which strategic European partners -- especially Germany, France and Italy -- would invest heavily in Russia's economy and financial sector. With Europe nearly broke, however, this strategy has been cut back and could be abandoned altogether. Russia is proceeding with European partners on some projects, but Moscow must financially step up more than it anticipated for these projects to succeed. It is an expensive foreign policy choice.]]></description>
<dc:subject>Russia geopolitics EU Vladimir_Putin</dc:subject>
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</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://edition.cnn.com/2012/05/07/tech/nevada-driveless-car/index.html">
    <title>CNN 20120508 - Google gets license to operate driverless cars in Nevada</title>
    <dc:date>2012-05-08T02:18:31+00:00</dc:date>
    <link>http://edition.cnn.com/2012/05/07/tech/nevada-driveless-car/index.html</link>
    <dc:creator>mjaniec</dc:creator><description><![CDATA[On Monday, Nevada became the first to approve a license for "autonomous vehicles".

The new plate is red and features the infinity symbol and the letters AU, for autonomous vehicle. All such cars are on the road are "test" vehicles for now, though the state signaled it intends to be "at the forefront of autonomous vehicle development."

Google was the first company to apply to test its self-driving system in Nevada, the state said, while indicating that "other auto manufacturers have indicated their desire to test and develop" such technology in the state.

In a 2010 post on Google's official blog, engineer and Google X founder Sebastian Thrun said that the self-driving vehicle project aims "to help prevent traffic accidents, free up people's time and reduce carbon emissions by fundamentally changing car use."
]]></description>
<dc:subject>Google driveless_car Google_X automotive</dc:subject>
<dc:source>http://pinboard.in/</dc:source>
<dc:identifier>http://pinboard.in/u:mjaniec/b:3d37ffe73d40/</dc:identifier>
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	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:driveless_car"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:Google_X"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:automotive"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://www.zdnet.com/blog/facebook/warren-buffett-advised-mark-zuckerberg-wont-buy-facebook-shares/12610">
    <title>ZDNET 20120506 - Warren Buffett advised Mark Zuckerberg, won’t buy Facebook shares</title>
    <dc:date>2012-05-07T14:02:14+00:00</dc:date>
    <link>http://www.zdnet.com/blog/facebook/warren-buffett-advised-mark-zuckerberg-wont-buy-facebook-shares/12610</link>
    <dc:creator>mjaniec</dc:creator><description><![CDATA[Facebook co-founder and CEO Mark Zuckerberg didn’t just seek advice from the late Apple co-founder and former CEO Steve Jobs. Most recently, he’s been getting guidance from investor Warren Buffett on how best to take the social networking giant public. That being said, Buffett has stated he isn’t interested in buying Facebook stock.

Buffed denied talks of an Internet IPO bubble.

“It is not a bubble … this is not what we were seeing in late 1999 all the way into 2001,” Buffett was quoted as saying. We aren’t in any bubble phase of anything.”

compare: https://pinboard.in/u:mjaniec/b:0ecde2e2da80]]></description>
<dc:subject>Facebook social_networking Warren_Buffett IPO bubble</dc:subject>
<dc:source>http://pinboard.in/</dc:source>
<dc:identifier>http://pinboard.in/u:mjaniec/b:9d19633bcd2d/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:Facebook"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:social_networking"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:Warren_Buffett"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:IPO"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:bubble"/>
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</item>
<item rdf:about="http://www.nytimes.com/2012/05/07/business/stock-trading-remains-in-a-slide-after-08-crisis.html?_r=1">
    <title>NYT 20120507 - Stock Trading Is Still Falling After ’08 Crisis</title>
    <dc:date>2012-05-07T06:01:20+00:00</dc:date>
    <link>http://www.nytimes.com/2012/05/07/business/stock-trading-remains-in-a-slide-after-08-crisis.html?_r=1</link>
    <dc:creator>mjaniec</dc:creator><description><![CDATA[Trading in the United States stock market has not only failed to recover since the 2008 financial crisis, it has continued to fall. In April, the average daily trades in American stocks on all exchanges stood at nearly half of its peak in 2008: 6.5 billion compared with 12.1 billion, according to Credit Suisse Trading Strategy.

The decline stands in marked contrast to past economic recoveries, when Americans regained their taste for stock trading within two years of economic shocks in 1987 and 2001.

This time around, the stock market has many more players, including high-speed trading firms, which have recently come to account for over half of all stock market activity. But even they, like all other major groups, have recently been doing less overall trading.

The New York-based system of stock trading has been showing the strain of the slowdown. The New York Stock Exchange said last week that trading in the first quarter fell 23 percent from a year earlier. A few days earlier, Nasdaq announced that its first-quarter revenues from stock trading in the United States were down 7 percent from a year ago. Both exchange companies have aggressively moved to capture other businesses that do not rely on stock trading, but they have also embarked on cost-cutting programs.

The recent slowdown has occurred not only on the nation’s 13 official exchanges and trading platforms. Dozens of off-exchange operations have captured a larger proportion of all stock trades in recent years, but even their overall trading numbers have been trending down.

Among the broader population, the most common investment in stocks has been through mutual funds. The most conspicuous sign that these investors have grown disenchanted with American stocks has been the flow of money out of domestic stock mutual funds, which were drained of more than $400 billion since the start of 2008, compared with an inflow of $52 billion in the four years before that, according to the Investment Company Institute. The outflow has continued into 2012.

The shift is partly attributable to the growing number of seniors moving from stocks to bonds, which is typical in retirement. But surveys by the institute have shown that investors young and old have grown less willing to invest in domestic stocks, even with interest rates on bonds at record lows in recent years.]]></description>
<dc:subject>high_frequency_trading NYSE_Euronext Nasdaq liquidity_risk</dc:subject>
<dc:source>http://pinboard.in/</dc:source>
<dc:identifier>http://pinboard.in/u:mjaniec/b:3fdee97af253/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:high_frequency_trading"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:NYSE_Euronext"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:Nasdaq"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:liquidity_risk"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://www.latimes.com/health/boostershots/la-heb-resveratrol-20120501,0,7425264.story">
    <title>LA Times 20120501 - Resveratrol's anti-aging potential gets a boost in study</title>
    <dc:date>2012-05-06T05:13:55+00:00</dc:date>
    <link>http://www.latimes.com/health/boostershots/la-heb-resveratrol-20120501,0,7425264.story</link>
    <dc:creator>mjaniec</dc:creator><description><![CDATA[Resveratrol's discoverer, the embattled Harvard professor who hopes it will point the way to new anti-aging drugs, long argued that the phytonutrient worked its magic by "turning on" the SIRT1 gene. The SIRT1 gene, one of a family of genes, the Sirtuins, is believed to control the good function and longevity of cells and, in turn, of their host.

But Harvard professor David Sinclair's critics argued, in effect, that the SIRT1 gene was not the lock for which Resveratrol was the key. Rather, they said, Resveratrol had its effect by a somewhat less magical route: it turned up the activity of an important metabolic sensor called the AMP-activated protein kinase. Some even argued that outside the test tube, Resveratrol loses its anti-aging power of cells completely.

By breeding a mouse that can live without the SIRT1 gene, Sinclair showed otherwise. His study is published in the journal Cell Metabolism. Mice who lacked the SIRT1 gene got no benefit from Resveratrol. But those that had the gene responded to Resveratrol with improved vascular and metabolic function, reduced inflammation and overall, cells that use fuel and clean up waste more efficiently. Even chubby mice responded to Resveratrol with improved function.

Speaking of side effects, the study also found that like any powerful agent, Resveratrol could have toxic effects at too-high doses. At high doses, researchers found, Resveratrol induced changes in cells and their activity that made them vulnerable to early death and inefficient fuel use.]]></description>
<dc:subject>Resveratrol health SIRT1 David_Sinclair</dc:subject>
<dc:source>http://pinboard.in/</dc:source>
<dc:identifier>http://pinboard.in/u:mjaniec/b:2ac7a01210d9/</dc:identifier>
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	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:SIRT1"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:David_Sinclair"/>
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</item>
<item rdf:about="http://blogs.nature.com/news/2012/05/row-over-resveratrol-rumbles-on.html">
    <title>Nature Blog 20120501 - Row over resveratrol rumbles on</title>
    <dc:date>2012-05-05T03:42:57+00:00</dc:date>
    <link>http://blogs.nature.com/news/2012/05/row-over-resveratrol-rumbles-on.html</link>
    <dc:creator>mjaniec</dc:creator><description><![CDATA[Resveratrol, which is abundant in the skins of grapes, spares mice from the harmful effects of a fatty diet, and work in yeast, fruitflies and roundworms has suggested that the chemical lengthens the lives of these organisms by activating proteins called sirtuins.

Competing work has challenged the assertion that resveratrol directly activates sirtuins (see ‘Health benefits of red wine chemical unclear‘) and raised the possibility that the chemical’s anti-ageing effects rely on other proteins (see ‘Questions hang over red wine chemical‘). Meanwhile, recent research now questions whether activating sirtuins makes worms and flies live longer (see ‘Longevity genes challenged)’.

David Sinclair, a molecular biologist at Harvard Medical School in Boston, and his team have struck back in a paper published online today in Cell Metabolism showing that mice that lack a pivotal sirtuin gene, SIRT1, do not enjoy many of the metabolic benefits of resveratrol.

Sinclair co-founded Cambridge, Massachusetts-based Sirtris Pharmaceuticals, which the drug giant GlaxoSmithKline bought for US$720 million in 2008. The company stopped developing resveratrol as a drug, but molecules believed to activate SIRT1 are being tested in humans against diabetes and other ageing-related diseases.

Sinclair’s latest experiment is an obvious one. If resveratrol needs SIRT1 to improve health, then animals lacking the gene should not get any benefits from the chemical.

Work with the mice would seem to confirm a role for SIRT1 in resveratrol’s benefits. In normal mice, resveratrol combated the effects of a high-fat diet by boosting the efficiency of energy-generating organelles called mitochondria in skeletal muscle tissue. This effect vanished in adult mice without a working version of SIRT1.

Yet SIRT1 wasn’t responsible for all the beneficial effects of resveratrol in Sinclair’s study. Resveratrol stabilized the blood glucose levels of both normal and SIRT1-lacking mice on fatty diets. The chemical also improved liver health in mice without SIRT1.

Sinclair also contends that a lot the confusion over how resveratrol works comes down to dosage. At very high doses it binds other proteins besides SIRT1, he says. “Resveratrol is a dirty, dirty molecule, very non-specific.” For instance, a signalling protein called AMPK is also important to resveratrol’s beneficial effects on metabolism. Sinclair found that low doses of resveratrol boosted AMPK levels in various cells that expressed SIRT1, but not cells without the sirtuin. Much higher doses of resveratrol, however, activated AMPK irrespective of whether the cells expressed SIRT1.

Jay Chung, an endocrinologist at the National Heart Lung and Blood Institute in Bethesda, Maryland, who earlier this year proposed that resveratrol works by blocking proteins called phospho-diesterases, questions Sinclair’s interpretation. SIRT1 and AMPK both rise in response to resveratrol treatment, so ”you don’t know what’s the chicken and what’s the egg,” Chung says.]]></description>
<dc:subject>Resveratrol health sirtuin SIRT1 David_Sinclair AMPK</dc:subject>
<dc:source>http://pinboard.in/</dc:source>
<dc:identifier>http://pinboard.in/u:mjaniec/b:c9c5e40b9710/</dc:identifier>
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	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:sirtuin"/>
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</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://www.reuters.com/article/2012/05/04/us-goldman-system-idUSTRE84317E20120504">
    <title>Reuters 20120504 - Goldman Sachs eyes CDS trading with platform</title>
    <dc:date>2012-05-05T03:30:20+00:00</dc:date>
    <link>http://www.reuters.com/article/2012/05/04/us-goldman-system-idUSTRE84317E20120504</link>
    <dc:creator>mjaniec</dc:creator><description><![CDATA[The New York-based investment bank plans to launch in the coming weeks an electronic bond trading system called GSessions.

But a source close to the firm said on Friday the bank may extend the system's coverage to other asset classes, specifically credit default swaps (CDS), in a later version.

Goldman has been developing GSessions for the past year in the hope of attracting client orders by enabling them to execute large bond trades more cheaply.

A move to launch a credit derivatives trading platform would pitch Goldman into competition with trading platforms such as MarketAxess and ICAP's BrokerTec.

BlackRock, the money manager owned by PNC Financial Services Group Inc and Barclays Plc, also plans to launch a corporate bond trading system in the United States, pending regulatory approval.]]></description>
<dc:subject>Goldman_Sachs CDS bonds fixed_income GSessions Barclays MarketAxess BrokerTec PNC_Financial_Services_Group</dc:subject>
<dc:source>http://pinboard.in/</dc:source>
<dc:identifier>http://pinboard.in/u:mjaniec/b:90c920c06048/</dc:identifier>
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	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:CDS"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:bonds"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:fixed_income"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:GSessions"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:Barclays"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:MarketAxess"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:BrokerTec"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:PNC_Financial_Services_Group"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://www.theregister.co.uk/2012/04/30/moores_law_ends/">
    <title>The Register 20120430 - Moore's Law has ten years to run predicts physicist</title>
    <dc:date>2012-05-01T03:52:09+00:00</dc:date>
    <link>http://www.theregister.co.uk/2012/04/30/moores_law_ends/</link>
    <dc:creator>mjaniec</dc:creator><description><![CDATA[Renowned theoretical physicist Michio Kaku has predicted Moore's Law will run out of steam within the next ten years as silicon designs run up against the laws of physics.

"In about ten years or so we will see the collapse of Moore's Law," he says. "In fact we already see a slowing down of Moore's Law. Computing power cannot maintain its rapid exponential rise using standard silicon technology."

...as silicon transistors get down to five nanometers and below, they will become useless due to overheating and electronic leakage Kaku predicts. Intel is boosting performance in other ways, such as the use of multi-core processors and tri-gate transistors currently found in the latest Ivy Bridge range, but these have a limit on silicon Kaku warned.

Quantum computing is one avenue which offers some ways forward but Kaku dismissed the technology as hopelessly immature, saying the first proper quantum systems won't come online until late in the 21st century. The more likely candidate is molecular computing he predicts, with the addition of optical chips also providing some support.]]></description>
<dc:subject>predictions Michio_Kaku physics quantum_computing molecular_computing</dc:subject>
<dc:source>http://pinboard.in/</dc:source>
<dc:identifier>http://pinboard.in/u:mjaniec/b:80dd1987d454/</dc:identifier>
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	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:physics"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:quantum_computing"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:molecular_computing"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://www.forbes.com/sites/brucedorminey/2012/04/30/neutrinos-to-give-high-frequency-traders-the-millisecond-edge/">
    <title>Forbes 20120430 - Neutrinos to Give High-Frequency Traders the Millisecond Edge</title>
    <dc:date>2012-04-30T18:54:10+00:00</dc:date>
    <link>http://www.forbes.com/sites/brucedorminey/2012/04/30/neutrinos-to-give-high-frequency-traders-the-millisecond-edge/</link>
    <dc:creator>mjaniec</dc:creator><description><![CDATA[...neutrino is now on the cusp of being harnessed to facilitate automated high-frequency trading through earth itself. That is, if this weakly-interacting, electrically-neutral subatomic particle can be successfully time-encoded and pointed from one financial center to another.

The idea is that by sending neutrino-based buy-and-sell messages via a 10,000 km shortcut through earth; high-velocity traders could handily beat their competitors.

In theory, options trading would provide the most leverage with this neutrino technology, says Haug. But such technology could also bring new opportunities in what Haugs calls “classic international arbitrage,” specifically when dealing with securities that are listed on a number of separate exchanges.

John Learned, a particle physicist at the University of Hawaii at Manoa, says a one-way, earth-traversing setup might be constructed for as little as a $1 billion.

It also might be possible for a neutrino-communications startup to buy time on an existing accelerator, says Learned, in order to create and point a neutrino beam-line in the needed direction. Otherwise, private particle accelerators would have to be built from scratch.]]></description>
<dc:subject>high_frequency_trading neutrino arbitrage</dc:subject>
<dc:source>http://pinboard.in/</dc:source>
<dc:identifier>http://pinboard.in/u:mjaniec/b:e25121749587/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:high_frequency_trading"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:neutrino"/>
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</item>
<item rdf:about="http://www.wired.com/wiredscience/2012/04/planetary-resources-asteroid-mining/">
    <title>Wired 20120423 - Tech Billionaires Plan Audacious Mission to Mine Asteroids</title>
    <dc:date>2012-04-24T04:27:19+00:00</dc:date>
    <link>http://www.wired.com/wiredscience/2012/04/planetary-resources-asteroid-mining/</link>
    <dc:creator>mjaniec</dc:creator><description><![CDATA[A group of wealthy, adventurous entrepreneurs will announce on Apr. 24 a new venture called Planetary Resources, Inc., which plans to send swarms of robots to space to scout asteroids for precious metals and set up mines to bring resources back to Earth, in the process adding trillions of dollars to the global GDP, helping ensure humanity’s prosperity and paving the way for the human settlement of space.

Nearly 9,000 asteroids larger than 150 feet in diameter orbit near the Earth. Some could contain as much platinum as is mined in an entire year on Earth, making them potentially worth several billion dollars each. The right kinds of investment could reap huge rewards for those willing to take the risk.

Planetary Resources hopes to go after the platinum-group metals — which include platinum, palladium, osmium, and iridium — highly valuable commodities used in medical devices, renewable energy products, catalytic converters, and potentially in automotive fuel cells.

Within the next 18 to 24 months, Planetary Resources hopes to launch between two and five space-based telescopes at an estimated cost of a few million dollars each that will identify potentially valuable asteroids. Other than their size and orbit, little detailed information is available about the current catalog of near-Earth asteroids. Planetary Resources’ Arkyd-101 Space Telescopes will figure out whether any are worth the trouble of resource extraction.

Within five to seven years, the company hopes to send out a small swarm of similar spacecraft for a more detailed prospecting mission, mapping out a valuable asteroid in detail and identifying rich resource veins. They estimate such a mission will cost between $25 and 30 million.

The next step — using robots to remotely mine, possibly refine ore, and return material to Earth safely — is probably the toughest phase, and Planetary Resources is still tight-lipped about its plans here.

This is an unprecedented challenge — the only asteroid material ever returned to Earth comes from the Japanese Space Agency’s Hayabusa spacecraft, which successfully returned a few hundred dust particles from asteroid 25143 Itokawa in 2010.

The new company is backed by a number of other billionaire luminaries, including Google’s CEO Larry Page and executive chairman Eric Schmidt, former Microsoft chief architect Charles Simonyi, and Ross Perot Jr. The venture also counts on filmmaker James Cameron, former astronaut Tom Jones, former JPL engineer Chris Lewicki, and planetary scientist Sara Seager as advisers.

http://www.planetaryresources.com/]]></description>
<dc:subject>robotics space_exploration asteroid_mining Planetary_Resources</dc:subject>
<dc:source>http://pinboard.in/</dc:source>
<dc:identifier>http://pinboard.in/u:mjaniec/b:f7dff1deb86d/</dc:identifier>
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</item>
<item rdf:about="http://www.cnbc.com/id/47147457">
    <title>CNBC 20120423 - Facebook Updated IPO Filing Shows Weakness in Revenue</title>
    <dc:date>2012-04-23T20:26:48+00:00</dc:date>
    <link>http://www.cnbc.com/id/47147457</link>
    <dc:creator>mjaniec</dc:creator><description><![CDATA[Facebook released an updated IPO filing showing that the social networking giant earned $1.06 billion in revenue in the first quarter, slightly below analysts expectations.

Although revenue was up 45 percent from last year, it was down 6 percent quarter over quarter and was still weak compared to analysts' estimates of $1.3 billion. Advertising from revenue was reported at about 82 percent, down from 85 percent in 2011.

Net income fell to $205 million from $233 million over the same period, according to the filing.

Facebook's initial public offering is expected sometime in May and could value the company at as much as $110 billion.

The company also reported to have monthly users of 901 million monthly active users, which is up from 845 million users from the company's last filing. Daily active users increased 41 percent quarter over quarter to 526 million.

Facebook's mobile users also increased, surpassing 500 million mobile users as of April 20.]]></description>
<dc:subject>Facebook social_networking bubble</dc:subject>
<dc:source>http://pinboard.in/</dc:source>
<dc:identifier>http://pinboard.in/u:mjaniec/b:73e851fd55c2/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:Facebook"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:social_networking"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:bubble"/>
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</item>
<item rdf:about="http://www.google.com/hostednews/afp/article/ALeqM5ij-9U50cB-5zZcHvsu18TDlo32fw?docId=CNG.d8d10a56798110c7cab9a022f81e0e50.241">
    <title>AFP 20120422 - IMF wraps up meeting with full coffers</title>
    <dc:date>2012-04-22T06:39:56+00:00</dc:date>
    <link>http://www.google.com/hostednews/afp/article/ALeqM5ij-9U50cB-5zZcHvsu18TDlo32fw?docId=CNG.d8d10a56798110c7cab9a022f81e0e50.241</link>
    <dc:creator>mjaniec</dc:creator><description><![CDATA[The International Monetary Fund wrapped up meetings with its coffers to fight the eurozone crisis $430 billion richer.

The IMF had already cut its goal for the firewall funding from $500 billion to $400 billion, with its major shareholder the United States declining to contribute and the emerging giants, known as the BRICS, clearly nervous that their contributions might end up in a European black hole.
[ IMF was proposing earlier a $1T firewall: http://notes.pinboard.in/u:mjaniec/9782043393734aa1d991 ]

Early on eurozone countries ponied up $200 billion and Japan $60 billion. But it was only at the Friday financial summit that the IMF was able to pull in the balance.

Britain, South Korea and Saudi Arabia each pledged $15 billion; smaller amounts came from other European governments, and then, finally, the BRICS and three Southeast Asian countries promised a collective $68 billion, though no specific amounts were given.
[ Brazil was earlier declaring $10B: https://pinboard.in/u:mjaniec/b:36dfd354fa53 ]

The amount doubled the IMF's resources for intervening in crises, and together with the eurozone's own recently assembled $1 trillion firewall, was close to what IMF analysts say is necessary to prevent financial contagion that spill from Europe.

But the money came with warnings from IMF members not part of the US-Europe-Japan axis that dominates the Washington-based global lender.

First, they worried that after committing some $130 billion already to rescues of Greece, Portugal and Ireland, the IMF board would too easily give in to another bailout of a foundering eurozone economy.

The new resources should e equally available for all 188 IMF members, underscoring for instance that by October the IMF would have in place "several" new loan programs for "Arab Spring" countries.

]]></description>
<dc:subject>IMF EU crisis BRICS</dc:subject>
<dc:source>http://pinboard.in/</dc:source>
<dc:identifier>http://pinboard.in/u:mjaniec/b:33c9bf05a64b/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:IMF"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:EU"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:crisis"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:BRICS"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://news.discovery.com/tech/fountain-of-youth-120418.html">
    <title>Discovery News 20120418 - Has the Fountain of Youth Been Discovered?</title>
    <dc:date>2012-04-22T05:30:51+00:00</dc:date>
    <link>http://news.discovery.com/tech/fountain-of-youth-120418.html</link>
    <dc:creator>mjaniec</dc:creator><description><![CDATA[For all the fiction and false promise the fountain has given us, new research has shown the reservoir of youth might be less fantastical than we think.

It all has to do with Buckminsterfullerene, a molecule composed of 60 carbon atoms, bonded together in the shape of a geodesic sphere. The substance has potential medical applications in the treatment of cancer and HIV, and even in the creation of body armor.

But could Buckminsterfullerene -- also known as buckyballs -- be used make us live longer? Some new research out of the Université Paris-Sud suggests so. 

In a clinical trial, three groups of rats were fed different substances. The first was given a control, the second was fed olive oil and the third was fed a combination of olive oil and Buckminsterfullerene. The control group had a lifespan of only 22 months while the strictly olive oil group lived an average of 26 months.

However, researchers got quite a surprise with the olive oil/buckeyball group. Rats that ingested that mixture lived an astounding 42 months.

http://www.sciencedirect.com/science/article/pii/S0142961212003237

http://en.wikipedia.org/wiki/Buckminsterfullerene]]></description>
<dc:subject>health fullerene Buckminsterfullerene buckyballs antioxydants</dc:subject>
<dc:source>http://pinboard.in/</dc:source>
<dc:identifier>http://pinboard.in/u:mjaniec/b:54a9361691ee/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:health"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:fullerene"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:Buckminsterfullerene"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:buckyballs"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:antioxydants"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://news.cnet.com/8301-17938_105-57410550-1/darpa-seeks-humanoid-robots-in-grand-challenge/">
    <title>CNET 20120406 - DARPA seeks humanoid robots in Grand Challenge</title>
    <dc:date>2012-04-08T07:52:28+00:00</dc:date>
    <link>http://news.cnet.com/8301-17938_105-57410550-1/darpa-seeks-humanoid-robots-in-grand-challenge/</link>
    <dc:creator>mjaniec</dc:creator><description><![CDATA[Humanoid-robot soldiers may be getting closer to reality with DARPA's next Grand Challenge, which apparently will involve getting a robot to pull off some pretty impressive handyman skills.

According to robotics Web site Hizook, DARPA's Gill Pratt recently outlined the challenge, which calls for humanoids to be used in industrial disasters and rough terrain.

The ultimate object is to build a robot that can work in a human environment and use human tools. The industrial setting is no surprise in the aftermath of Japan's Fukushima nuclear crisis, in which various robots from the U.S. have lent a helping hand (or manipulator).

DARPA will apparently fund 6 hardware and 12 software teams for the challenge. The object is to get a robot, preferably a bipedal one, to drive a utility vehicle such as a tractor to a locked room; dismount and unlock a door with a key; enter the room; and cross a debris-strewn floor.

It will then have to climb a ladder, locate a leaking pipe, shut a valve, and replace a faulty pump.

It has to do all that semi-autonomously, with operators only supervising its actions.

The plan follows news that DARPA wants to create an "Avatar" program in which soldiers would partner with "semi-autonomous bipedal machines" to carry out duties such as "room clearing, sentry control, [and] combat casualty recovery."]]></description>
<dc:subject>DARPA robotics Japan Fukushima AI</dc:subject>
<dc:source>http://pinboard.in/</dc:source>
<dc:identifier>http://pinboard.in/u:mjaniec/b:c77242a1c33a/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:DARPA"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:robotics"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:Japan"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:Fukushima"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:AI"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://bits.blogs.nytimes.com/2012/04/04/google-begins-testing-its-augmented-reality-glasses/">
    <title>NYT bits 20120404 - Google Begins Testing Its Augmented-Reality Glasses</title>
    <dc:date>2012-04-04T18:13:57+00:00</dc:date>
    <link>http://bits.blogs.nytimes.com/2012/04/04/google-begins-testing-its-augmented-reality-glasses/</link>
    <dc:creator>mjaniec</dc:creator><description><![CDATA[On Wednesday, Google gave people a clearer picture of its secret initiative called Project Glass. The glasses are the company’s first venture into wearable computing.

The glasses are not yet for sale. Google will, however, be testing them in public.

In a post shared on Google Plus, employees in the company laboratory known as Google X, including Babak Parviz, Steve Lee and Sebastian Thrun, asked people for input about the prototype of Project Glass. Mr. Lee, a Google product manager and originally worked on Google mapping software Latitude, mobile maps and indoor maps, is responsible for the software component and the location-based aspects of the glasses.

The prototype version Google showed off on Wednesday looked like a very polished and well-designed pair of wrap-around glasses with a clear display that sits above the eye. The glasses can stream information to the lenses and allow the wearer to send and receive messages through voice commands. There is also a built-in camera to record video and take pictures.

https://plus.google.com/111626127367496192147/posts]]></description>
<dc:subject>Google augmented_reality virtual_reality Google_X</dc:subject>
<dc:source>http://pinboard.in/</dc:source>
<dc:identifier>http://pinboard.in/u:mjaniec/b:ed93fbf04ca4/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:Google"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:augmented_reality"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:virtual_reality"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:Google_X"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://www.reuters.com/article/2012/04/01/traders-bitcoin-idUSL6E8ET5K620120401">
    <title>Reuters 20120402 - Bitcoin, the City traders' anarchic new toy</title>
    <dc:date>2012-04-02T14:07:38+00:00</dc:date>
    <link>http://www.reuters.com/article/2012/04/01/traders-bitcoin-idUSL6E8ET5K620120401</link>
    <dc:creator>mjaniec</dc:creator><description><![CDATA[Unlike conventional fiat money and other digital currencies, Bitcoin runs through a peer-to-peer network, independent of central control. Bitcoins are currently worth $4.88 each on online currency exchanges, where they can be bought and sold for about 15 world currencies.

Users - an odd assortment of uber-geeks, anarchists, libertarians, scammers and forex traders - sent about $4.3 million worth to each other in the last 24 hours.

The existence of Bitcoin is an economic puzzle, raising questions about the definition of money itself.

Its value depends on users' belief that it is worth something. So does all money, but in the case of Bitcoin this faith could be more fragile.

It also runs up against standard economic theory that people will not spend money if they expect it to increase in value; the 21 million limit means once all Bitcoins are in circulation, there are no internal inflationary pressures to devalue it.

More of a threat is the tsunami of other digital forms of money that are beginning to be offered by states and companies.]]></description>
<dc:subject>bitcoin BTC forex Bitcoinica Satoshi_Nakamoto Silk_Road Mt_Gox economy</dc:subject>
<dc:source>http://pinboard.in/</dc:source>
<dc:identifier>http://pinboard.in/u:mjaniec/b:a1f1c0252762/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:bitcoin"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:BTC"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:forex"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:Bitcoinica"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:Satoshi_Nakamoto"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:Silk_Road"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:Mt_Gox"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:economy"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://www.csmonitor.com/Science/2012/0328/Study-indicates-existence-of-billions-of-habitable-alien-planets-in-Milky-Way-video">
    <title>CSM 20120328 - Study indicates existence of billions of habitable alien planets in Milky Way</title>
    <dc:date>2012-03-28T16:59:59+00:00</dc:date>
    <link>http://www.csmonitor.com/Science/2012/0328/Study-indicates-existence-of-billions-of-habitable-alien-planets-in-Milky-Way-video</link>
    <dc:creator>mjaniec</dc:creator><description><![CDATA[A survey of red dwarf stars suggests that, in our galaxy alone, there are tens of billions of planets orbiting their stars' 'habitable zones.' 

"Our new observations with HARPS mean that about 40 percent of all red dwarf stars have a super-Earth orbiting in the habitable zone where liquid water can exist on the surface of the planet," team leader Xavier Bonfils of the Observatoire des Sciences de l'Univers de Grenoble in France said in a statement. "Because red dwarfs are so common — there are about 160 billion of them in the Milky Way — this leads us to the astonishing result that there are tens of billions of these planets in our galaxy alone."

The two stars found inside the habitable zone were discovered around the stars Gliese 581 and Gliese 667 C. The latter planet is the second of three worlds orbiting its star, and seems to lie right in the middle of Gliese 667 C's habitable zone. Although the planet has four times the mass of Earth, it is considered the closest twin to Earth found so far.]]></description>
<dc:subject>exoplanet Gliese_581_g Gliese_667_C space_exploration</dc:subject>
<dc:source>http://pinboard.in/</dc:source>
<dc:identifier>http://pinboard.in/u:mjaniec/b:bc3e1069ac7a/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:exoplanet"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:Gliese_581_g"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:Gliese_667_C"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:space_exploration"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://www.nytimes.com/2012/03/27/science/the-trouble-with-neutrinos-that-outpaced-einsteins-theory.html">
    <title>NYT 20120327 - The Trouble With Data That Outpaces a Theory</title>
    <dc:date>2012-03-27T20:19:49+00:00</dc:date>
    <link>http://www.nytimes.com/2012/03/27/science/the-trouble-with-neutrinos-that-outpaced-einsteins-theory.html</link>
    <dc:creator>mjaniec</dc:creator><description><![CDATA[Last week another team of physicists whose apparatus lives right next door to the Opera group — under Gran Sasso mountain in Italy — reported that they had clocked neutrinos, produced in an accelerator at CERN, outside Geneva, racing over the same path to Gran Sasso at the speed of light and not a whit faster. Which is exactly how fast scientists had always thought the enigmatic particles, with barely zilch for mass, should go.

The second group, which goes by the acronym Icarus, was led by Carlo Rubbia, a former director of CERN and a Nobel-winning physicist, who called the results “very convincing.”

“The evidence is beginning to point toward the Opera result being an artifact of the measurement,” said CERN’s research director, Sergio Bertolucci.

Dethroning Einstein was never on the Opera team’s agenda, and to be fair, scientists in the group never claimed that they overturned relativity — only that they had a very puzzling anomaly. They diligently continued to troubleshoot their experiment, and in February they found a couple of flaws. One of them was a loose wire that had the effect of making the neutrinos appear to move faster, the other an improperly set clock that made them look slower.

Whether these effects are enough to explain the anomalous neutrino speeds would not be known until the experiment was repeated sometime this spring, the Opera group said.]]></description>
<dc:subject>physics neutrino OPERA CERN FTL</dc:subject>
<dc:source>http://pinboard.in/</dc:source>
<dc:identifier>http://pinboard.in/u:mjaniec/b:f2067f3e519e/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:physics"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:neutrino"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:OPERA"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:CERN"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:FTL"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://www.reuters.com/article/2012/03/24/us-bats-trading-idUSBRE82M0W020120324?feedType=RSS&amp;feedName=topNews&amp;rpc=71">
    <title>Reuters 20120323 - BATS exchange withdraws IPO after stumbles</title>
    <dc:date>2012-03-25T05:44:06+00:00</dc:date>
    <link>http://www.reuters.com/article/2012/03/24/us-bats-trading-idUSBRE82M0W020120324?feedType=RSS&amp;feedName=topNews&amp;rpc=71</link>
    <dc:creator>mjaniec</dc:creator><description><![CDATA[In a breakdown that resembled a mini version of the 2010 "flash crash," a series of glitches hit the market debut of BATS Global Markets Inc on Friday, causing the company to take the extremely rare step of withdrawing its initial public offering of shares.

The problems caused the shares of exchange operator BATS to plunge from their $16 offering price and briefly trade for less than a penny on Friday morning, creating havoc in the marketplace and again calling into question the stability of high-speed trading.

The glitches, which also prompted a halt in trading of Apple Inc shares, were so severe and so visible, involving BATS' own listing, that some observers said they threatened confidence in the nation's third-largest exchange.

The software bug rendered opening orders for BATS stock inaccessible, the exchange said in a "post-mortem" late on Friday. Once it decided Friday afternoon to withdraw the IPO, the original trade in BATS stock was "torn down." BATS then broke other trades and let all affected parties know about the decision, BATS said.

There is precedent for canceling trades. After the 2010 flash crash, regulators and exchanges agreed to cancel the 20,000 trades that were executed more than 60 percent away from the pre-crash prices of those stocks. The trades were deemed "clearly erroneous," canceling out some big losses - and big profits - for many traders that day.

This was the first IPO on the BATS exchange.

BATS made a big leap into the European market in December when it completed the $300 million takeover of rival Chi-X Europe. The two exchanges had about a quarter of European share trading on their systems at the time. BATS also was said to be looking for an acquisition in Brazil, as well as planning to create new platforms for other asset classes.

Founded in 2005, the BATS exchange has captured about 11 percent of U.S. equity market volume and 3 percent of equity options volume and is now the third-largest platform in the U.S., after the NYSE Euronext and Nasdaq OMX 

BATS was started with 13 employees by David Cummings, a computer and electrical engineering graduate of Purdue University. Cummings is the chairman of Tradebot Systems, an electronic trading firm that he founded in a spare bedroom with a $10,000 investment.]]></description>
<dc:subject>BATS IPO AAPL Chi-X high_frequency_trading flash_crash Tradebot_Systems</dc:subject>
<dc:source>http://pinboard.in/</dc:source>
<dc:identifier>http://pinboard.in/u:mjaniec/b:55024aadb569/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:BATS"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:IPO"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:AAPL"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:Chi-X"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:high_frequency_trading"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:flash_crash"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:Tradebot_Systems"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://www.businessweek.com/articles/2012-03-23/the-bats-affair-when-machines-humiliate-their-masters">
    <title>BusinessWeek 20120323 - The Bats Affair: When Machines Humiliate Their Masters</title>
    <dc:date>2012-03-25T05:28:27+00:00</dc:date>
    <link>http://www.businessweek.com/articles/2012-03-23/the-bats-affair-when-machines-humiliate-their-masters</link>
    <dc:creator>mjaniec</dc:creator><description><![CDATA[The spectacularly botched initial public offering of Bats Global Markets on March 23 is so rich in irony that it’s difficult to know where to begin. What’s far less amusing is the prospect that the current era of high-frequency trading, in which powerful computers sift through massive information flows in search of price discrepancies and split-second trades, will bring even more episodes of market mayhem far more costly to investors and the broader economy.

Bats has certainly made its mark. Bats stands for Better Alternative Trading System and the company runs two exchanges that collectively rank third in terms of U.S. share trading, behind New York Stock Exchange and Nasdaq. The Bats exchanges account for 11 percent to 12 percent of daily U.S. equity trading, according to its website. The company came of age with the expansion of high-frequency trading over the last decade and the proliferation of quant-jock-driven electronic firms that dominate the buying and selling of U.S. equities. Bats founder Dave Cummings is chairman and owner of high-frequency trading firm Tradebot Systems.

Today was supposed to be the Lenexa (Kan.)-based company’s moment in the limelight as it tried to sell about 6.3 million shares in the $16 to $18 dollar per share range. Instead, something went terribly wrong. The company’s shares somehow ended up trading for pennies per share early in the trading day on both the Bats bourse and Nasdaq.

 Then tech investors and Apple (AAPL) fanboys the world over were dismayed when a single trade for 100 shares executed on the Bats market sent Apple’s shares to $542 per share, down sharply from recent levels. (The company set a new 52-week high of $609 per share on March 21.) The stock temporarily halted trading and recovered.]]></description>
<dc:subject>BATS high_frequency_trading AAPL Tradebot_Systems</dc:subject>
<dc:source>http://pinboard.in/</dc:source>
<dc:identifier>http://pinboard.in/u:mjaniec/b:9a240a527c68/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:BATS"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:high_frequency_trading"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:AAPL"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:Tradebot_Systems"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://finance.fortune.cnn.com/2012/03/21/warren-buffett-hedge-fund-bet/?section=money_topstories">
    <title>CNNmoney 20120321 - Buffett gains ground in hedge fund bet</title>
    <dc:date>2012-03-21T15:00:36+00:00</dc:date>
    <link>http://finance.fortune.cnn.com/2012/03/21/warren-buffett-hedge-fund-bet/?section=money_topstories</link>
    <dc:creator>mjaniec</dc:creator><description><![CDATA[Four years into a 10-year wager that the S&P 500 index will return more than a selection of hedge funds, Warren Buffett has almost caught up with his competition.

In this competition about investment performance, Warren Buffett is contending that an S&P 500 index fund will outscore the average return of five hedge funds of funds picked by his betting opponent, New York asset management firm Protégé Partners.

In 2008 the hedge funds were down, on the average, by "only" 23.9%. Vanguard's Admiral shares, which are Buffett's entry in the bet, lost a dismal 37%.

Buffett's index-fund won the second and third years and also prevailed in the fourth. Not that the 2011 winner was much of a star: Admiral shares were up only 2.08%. But the five funds of funds, on the average, were down 1.86%.

All of which leaves tortoise and hare gasping alongside each other at the end of four years -- and having absolutely nothing to cheer about. Protégé is still a bit ahead. But its funds of funds, on the average, are in the minus column for the period by 5.89%. Admiral shares are down 6.27%.

The bet will conclude at the end of 2017.]]></description>
<dc:subject>hedge_funds Warren_Buffett Protege_Partners</dc:subject>
<dc:source>http://pinboard.in/</dc:source>
<dc:identifier>http://pinboard.in/u:mjaniec/b:be9152115255/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:hedge_funds"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:Warren_Buffett"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:Protege_Partners"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://thepiratebay.se/blog/210">
    <title>TBP Blog 20130318 - TPB LOSS</title>
    <dc:date>2012-03-20T06:35:39+00:00</dc:date>
    <link>http://thepiratebay.se/blog/210</link>
    <dc:creator>mjaniec</dc:creator><description><![CDATA[With the development of GPS controlled drones, far-reaching cheap radio equipment and tiny new computers like the Raspberry Pi, we're going to experiment with sending out some small drones that will float some kilometers up in the air. This way our machines will have to be shut down with aeroplanes in order to shut down the system.

We're just starting so we haven't figured everything out yet. But we can't limit ourselves to hosting things just on land anymore. These Low Orbit Server Stations (LOSS) are just the first attempt. With modern radio transmitters we can get over 100Mbps per node up to 50km away. For the proxy system we're building, that's more than enough.

...all of the parts we'll use to build that system on will be downloadable. ]]></description>
<dc:subject>UAV Low_Orbit_Server_Stations</dc:subject>
<dc:source>http://pinboard.in/</dc:source>
<dc:identifier>http://pinboard.in/u:mjaniec/b:2269183b1a1e/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:UAV"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:Low_Orbit_Server_Stations"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://www.wfs.org/content/when-death-becomes-optional">
    <title>WFS 20120313 - When Death Becomes Optional</title>
    <dc:date>2012-03-17T18:05:43+00:00</dc:date>
    <link>http://www.wfs.org/content/when-death-becomes-optional</link>
    <dc:creator>mjaniec</dc:creator><description><![CDATA[The year is 2032. You have just celebrated your 80th birthday and you have some tough decisions ahead. You can either keep repairing your current body or move into a new one.

The growing of “blank” bodies has become all the rage, and by using your own genetic material, body farmers can even recreate your own face at age 20.

In just 20 years, this is an industry that has moved from the equivalent of Frankenstein’s laboratory to the new celebrity craze, with controversy following it every step of the way.]]></description>
<dc:subject>predictions health demographics</dc:subject>
<dc:source>http://pinboard.in/</dc:source>
<dc:identifier>http://pinboard.in/u:mjaniec/b:6fd4340019b5/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:predictions"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:health"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:demographics"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://www.technologyreview.com/computing/39917/">
    <title>TechReview 20120315 - Microsoft Builds a Browser for Your Past</title>
    <dc:date>2012-03-17T17:52:04+00:00</dc:date>
    <link>http://www.technologyreview.com/computing/39917/</link>
    <dc:creator>mjaniec</dc:creator><description><![CDATA[Mining personal data to discover what people care about has become big business for companies such as Facebook and Google. Now a project from Microsoft Research is trying to bring that kind of data mining back home to help people explore their own piles of personal digital data.

Software called Lifebrowser processes photos, e-mails, Web browsing and search history, calendar events, and other documents stored on a person's computer and identifies landmark events. Its timeline interface can explore, search, and discover those landmarks as a kind of memory aid.

Behind the scenes, Lifebrowser uses several machine-learning techniques to sift through personal data and determine what is important to its owner. When judging photos, Lifebrowser looks at properties of an image file for clues, including whether the file name was modified or the flash had fired. It even examines the contents of a photo using machine-vision algorithms to learn how many people were captured in the image and whether it was taken inside or outdoors. The "session" of photos taken at one time is also considered as a group, for cues such as how long an event was and how frequently photos were taken.]]></description>
<dc:subject>Microsoft Microsoft_Research Lifebrowser memory Eric_Horvitz</dc:subject>
<dc:source>http://pinboard.in/</dc:source>
<dc:identifier>http://pinboard.in/u:mjaniec/b:0ed4f558b362/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:Microsoft"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:Microsoft_Research"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:Lifebrowser"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:memory"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:Eric_Horvitz"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://arxiv.org/abs/1203.2847">
    <title>arXiv 20130316 - Demonstration of Communication using Neutrinos</title>
    <dc:date>2012-03-16T03:48:46+00:00</dc:date>
    <link>http://arxiv.org/abs/1203.2847</link>
    <dc:creator>mjaniec</dc:creator><description><![CDATA[Beams of neutrinos have been proposed as a vehicle for communications under unusual circumstances, such as direct point-to-point global communication, communication with submarines, secure communications and interstellar communication. We report on the performance of a low-rate communications link established using the NuMI beam line and the MINERvA detector at Fermilab. The link achieved a decoded data rate of 0.1 bits/sec with a bit error rate of 1% over a distance of 1.035 km, including 240 m of earth.]]></description>
<dc:subject>physics neutrino</dc:subject>
<dc:source>http://pinboard.in/</dc:source>
<dc:identifier>http://pinboard.in/u:mjaniec/b:3c9262416179/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:physics"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:neutrino"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://nymag.com/news/business/wallstreet/ray-dalio-2011-4/">
    <title>NY Mag 20110410 - Pursuing Self-Interest in Harmony With the Laws of the Universe and Contributing to Evolution Is Universally Rewarded</title>
    <dc:date>2012-03-10T20:43:47+00:00</dc:date>
    <link>http://nymag.com/news/business/wallstreet/ray-dalio-2011-4/</link>
    <dc:creator>mjaniec</dc:creator><description><![CDATA[...Dalio began crafting the investing theory that would make him a multi­billionaire. The global economy was a giant machine, he observed, with certain cycles that repeated themselves during economic and political transitions. If you identified those patterns, as well as the smaller events that seemed to trigger them—a LIBOR blip here, a rising debt ratio there—you could build a computerized system that could predict booms and busts. The approach served Bridgewater well: The firm’s flagship fund has lost money in only three years since its founding and boasts an average annualized return of 18 percent since 1991.

In 2006, Bridgewater’s computers began to indicate that the American economy seemed to be heading for what Dalio calls a “D-process,” a sort of national bankruptcy proceeding in which debt-service payments rise relative to incomes until, under the threat of default, the government is forced to print tons of money and buy up long-term assets. The firm’s traders piled into investments that would be most affected, including, at various times, U.S. Treasury bonds, gold, and the yen. They also studied Japan’s “lost decade” and the Latin American debt crisis of the eighties and used what they learned to program red flags into Bridgewater’s trading system. In the spring of 2008, one of these flags, a risk metric for credit-­default spreads, prompted Bridgewater to pull its entire positions in several banks—including Lehman Brothers and Bear ­Stearns—the week before Bear ­Stearns imploded.]]></description>
<dc:subject>Bridgewater_Associates hedge_funds algorithmic_trading Ray_Dalio</dc:subject>
<dc:source>http://pinboard.in/</dc:source>
<dc:identifier>http://pinboard.in/u:mjaniec/b:62f1b4608af0/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:Bridgewater_Associates"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:hedge_funds"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:algorithmic_trading"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:Ray_Dalio"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://www.bloomberg.com/news/2012-03-10/china-has-largest-trade-deficit-since-1989-as-imports-gain-1-.html">
    <title>Bloomberg 20120310 - China Has Largest Trade Deficit Since 1989 as Imports Rebound From Holiday</title>
    <dc:date>2012-03-10T04:54:53+00:00</dc:date>
    <link>http://www.bloomberg.com/news/2012-03-10/china-has-largest-trade-deficit-since-1989-as-imports-gain-1-.html</link>
    <dc:creator>mjaniec</dc:creator><description><![CDATA[China reported its biggest trade deficit since at least 1989 in February as Europe’s debt crisis crimped exports and imports rebounded after a weeklong holiday.

The shortfall was $31.5 billion, the customs bureau said on its website today. Imports rose 39.6 percent from a year earlier, after a 15.3 percent slump in January, while exports increased 18.4 percent, the bureau said. Data in the first two months are distorted by the shifting timing of the Lunar New Year holiday.

The deficit was the first in a year and largest in data compiled by Bloomberg going back to 1990. The previous record shortfall during that time was $7.87 billion in February 2004. It compared with the median estimate for a $5.35 billion deficit in a Bloomberg News survey of 28 economists. Analysts forecast a 31.1 percent gain in exports from a year earlier and a 31.8 percent increase in imports.]]></description>
<dc:subject>China economy foreign_reserves</dc:subject>
<dc:source>http://pinboard.in/</dc:source>
<dc:identifier>http://pinboard.in/u:mjaniec/b:871ded244938/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:China"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:economy"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:foreign_reserves"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://www.bloomberg.com/news/2012-03-09/greek-debt-deal-might-trigger-3-billion-of-default-swaps-under-isda-rules.html">
    <title>Bloomberg 20120310 - Greece Deal Triggers $3B in Default Swaps: ISDA</title>
    <dc:date>2012-03-10T04:47:46+00:00</dc:date>
    <link>http://www.bloomberg.com/news/2012-03-09/greek-debt-deal-might-trigger-3-billion-of-default-swaps-under-isda-rules.html</link>
    <dc:creator>mjaniec</dc:creator><description><![CDATA[A committee of credit-default swaps traders will expedite an auction to settle about $3 billion of contracts tied to Greece after the nation took steps to force investors to participate in the biggest sovereign-debt restructuring in history.
Traders will hold the auction March 19 to “maximize” the number of bonds that can be used to set payout amounts, the New York-based International Swaps and Derivatives Association said on the committee’s website yesterday. Auctions, which set a recovery value on the underlying bonds, typically are held about a month after credit events are triggered.

Greece’s use of collective action clauses, or CACs, in its debt restructuring triggers payouts on the contracts, ISDA’s determinations committee said in a statement yesterday. Before the ruling, the cost of five-year Greek swaps rose to a record $7.68 million upfront and $100,000 annually to insure $10 million of debt.
Investors with 95.7 percent of Greece’s privately held bonds will participate in the swap after the CACs are triggered, the Finance Ministry said. Bondholders tendered 152 billion euros ($199.5 billion) of Greek-law bonds, or 85.8 percent, and 20 billion euros of foreign-law debt. Greece extended its offer to holders of non-Greek law bonds to March 23, after which sweeteners will no longer be available.

Credit-default swaps on Greece cover $3.16 billion of debt, down from about $6 billion last year, according to the Depository Trust & Clearing Corp.

The actual payout on Greece will be “much smaller” than the net amount reported by DTCC, Pickel said. A gross $68.9 billion of contracts were outstanding as of March 2 before accounting for offsetting trades.

http://www.isda.org/dc/docs/EMEA_Determinations_Committee_Decision_09032012.pdf]]></description>
<dc:subject>Greece CDS ISDA EU crisis DTCC</dc:subject>
<dc:source>http://pinboard.in/</dc:source>
<dc:identifier>http://pinboard.in/u:mjaniec/b:3babb3c96bd8/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:Greece"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:CDS"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:ISDA"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:EU"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:crisis"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:DTCC"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://mitworld.mit.edu/video/870">
    <title>MIT World 20101209 - Mathematics, Common Sense, and Good Luck: My Life and Careers</title>
    <dc:date>2012-03-09T17:17:14+00:00</dc:date>
    <link>http://mitworld.mit.edu/video/870</link>
    <dc:creator>mjaniec</dc:creator><dc:subject>James_Simons Renaissance_Technologies hedge_funds algorithmic_trading quantitative_trading market_modeling</dc:subject>
<dc:source>http://pinboard.in/</dc:source>
<dc:identifier>http://pinboard.in/u:mjaniec/b:a4683f4ad49e/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:James_Simons"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:Renaissance_Technologies"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:hedge_funds"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:algorithmic_trading"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:quantitative_trading"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:market_modeling"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://www.ft.com/intl/cms/s/0/ed672dba-694e-11e1-9618-00144feabdc0.html">
    <title>FT 20120309 - Deutsche Bank tapped ECB for up to €10bn</title>
    <dc:date>2012-03-09T06:19:06+00:00</dc:date>
    <link>http://www.ft.com/intl/cms/s/0/ed672dba-694e-11e1-9618-00144feabdc0.html</link>
    <dc:creator>mjaniec</dc:creator><description><![CDATA[Deutsche Bank took as much as €10bn of European Central Bank emergency funding last week, despite deep reservations over the programme voiced by outgoing chief executive Josef Ackermann.

In early February, Mr Ackermann made clear that he was loath to tap the longer-term refinancing operation (LTRO) – ultimately taken up by 800 banks for an aggregate €530bn – for fear of being stigmatised as a weak institution.
“The fact that we have never taken any money from the government has made us, from a reputational point of view, so attractive to so many clients in the world that we would be very reluctant to give that up,” he said at the time.

Deutsche Bank declined to comment on the issue on Thursday. But three people familiar with the issue said the bank had taken at least €5bn-€10bn of LTRO money in the February auction.

Like other banks with significant operations in the eurozone periphery, Deutsche tapped a large portion of the funds via its subsidiaries in Spain and Italy.]]></description>
<dc:subject>Deutsche_Bank ECB LTRO quantitative_easing EU crisis banks</dc:subject>
<dc:source>http://pinboard.in/</dc:source>
<dc:identifier>http://pinboard.in/u:mjaniec/b:61a4636d1040/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:Deutsche_Bank"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:ECB"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:LTRO"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:quantitative_easing"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:EU"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:crisis"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:banks"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://www.reuters.com/article/2012/03/07/us-investing-holdersdelight-idUSTRE8261EJ20120307">
    <title>Reuters 20120307 - Slow, steady tops fast trading on Wall Street</title>
    <dc:date>2012-03-08T05:39:19+00:00</dc:date>
    <link>http://www.reuters.com/article/2012/03/07/us-investing-holdersdelight-idUSTRE8261EJ20120307</link>
    <dc:creator>mjaniec</dc:creator><description><![CDATA[An informal study of U.S. mutual funds shows that managers who churn through their portfolios are underperforming those who hold investments for longer periods.

Low turnover - less than 30 percent a year, or far below the historic average - often beats turnover that is four times greater or more, the data showed.

A longer holding period is a surprising antidote to the poor returns that plagued hedge funds last year. Many hedge funds are driven by fundamentals, but their holding periods are typically short - at times three days or less.

Hedge funds over the past decade turned over an average 35 percent of their positions every quarter at an annualized rate of nearly 140 percent, according to Goldman Sachs research.

Data from the New York Stock Exchange shows annual turnover has steadily increased for decades, peaking at an annualized 138 percent in 2008 during the financial crisis. It has since retreated to an annualized 74 percent in January.

A look at U.S. mutual funds found that portfolios with low turnover outperformed those with high turnover 70 percent of the time over various periods, according to data from Lipper.

Lengthening the investment time frame in choppy markets will improve the results of investments, advocates say, but it requires a strong stomach to wait for the strategy to pan out.

"To actually add value to alpha, to outperform, you have to have a long holding period," said David Pearl, co-chief investment officer at Epoch Investment Partners Inc.

Epoch is unusual in that it typically holds stocks for about three years, far longer than most money managers. Pearl and co-CIO Bill Priest, with 76 years of experience between them, practice a dying art on Wall Street - security analysis. Fundamental analysis gets overlooked, but can outdo rapid-fire turnover when adhered to with patience.
The hair-trigger trading strategies used by a number of hedge funds ran into trouble last year, when worries over the U.S. budget, European debt crisis, Japanese tsunami and North Africa unrest whipsawed markets and left investors frustrated over when to get in and out.

The mutual fund study, from Thomson Reuters' Lipper Inc, examined about 75 categories of funds over various lengths of time, finding that longer-held portfolios outdo about 70 percent of the time those funds holding stocks for only a short period.]]></description>
<dc:subject>hedge_funds high_frequency_trading</dc:subject>
<dc:source>http://pinboard.in/</dc:source>
<dc:identifier>http://pinboard.in/u:mjaniec/b:2abb26775013/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:hedge_funds"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:high_frequency_trading"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://www.westportnow.com/index.php?/v2/comments/bridgewaters_ray_dalio_theres_a_cultural_misunderstanding/">
    <title>WesportNOW 20110303 - Bridgewater’s Ray Dalio: There’s a Cultural ‘Misunderstanding’</title>
    <dc:date>2012-03-07T03:51:23+00:00</dc:date>
    <link>http://www.westportnow.com/index.php?/v2/comments/bridgewaters_ray_dalio_theres_a_cultural_misunderstanding/</link>
    <dc:creator>mjaniec</dc:creator><description><![CDATA[Bridgewater Associates is the company that runs the world’s largest hedge fund with $87 billion in assets.

The firm employs 1,100 people in 4 locations.

Dalio, president, CEO, and chief investment officer, said: “We’re a group of independent thinkers. In order to make money in the market, you have to be an independent thinker, and I think creative, you have to be willing to make mistakes.”

Specifically speaking about company policy, Dalio said: “And so the process is that anybody in the company if anything doesn’t make sense to them, they can bring up what doesn’t make sense to them in a non-hierarchical way whether it’s true or not and what we should do about it.”

“We have a radically transparent culture so that everything is on tape. Everybody can listen to practically every meeting unless it’s just proprietary so because of that openness, we know what’s going on."]]></description>
<dc:subject>Bridgewater_Associates Ray_Dalio hedge_funds error_correction transparency</dc:subject>
<dc:source>http://pinboard.in/</dc:source>
<dc:identifier>http://pinboard.in/u:mjaniec/b:4d369d556754/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:Bridgewater_Associates"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:Ray_Dalio"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:hedge_funds"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:error_correction"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:transparency"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://www.bloomberg.com/news/2012-03-05/ibm-s-watson-computer-gets-wall-street-job-one-year-after-jeopardy-win.html">
    <title>Bloomberg 20120306 - IBM’s Watson Computer Gets a Wall Street Job</title>
    <dc:date>2012-03-07T03:31:21+00:00</dc:date>
    <link>http://www.bloomberg.com/news/2012-03-05/ibm-s-watson-computer-gets-wall-street-job-one-year-after-jeopardy-win.html</link>
    <dc:creator>mjaniec</dc:creator><description><![CDATA[International Business Machines Corp. (IBM)’s Watson computer, which beat champions of the quiz show “Jeopardy!” a year ago, will soon be advising Wall Street on risks, portfolios and clients.

IBM plans to use Watson in financial services “mostly for portfolio risk management, they’re not going to do stock picking,” CLSA’s Maguire said in a Feb. 17 phone interview. “They think that Watson can make a difference.” Still, Watson isn’t perfect. It is weak in languages other than English, and its processing of social media streams from platforms including Facebook and Twitter can be sluggish. 

In addition to Citigroup, Armonk, New York-based IBM has been working with financial institutions teaching Watson the language of Wall Street, and adding content including regulatory announcements, news and social media feeds.

Watson the financial assistant will be delivered as a cloud-based service and earn a percentage of the additional revenue and cost savings it is able to help financial institutions realize.]]></description>
<dc:subject>IBM Watson Citigroup risk_management AI text_mining DeepQA</dc:subject>
<dc:source>http://pinboard.in/</dc:source>
<dc:identifier>http://pinboard.in/u:mjaniec/b:1a5ebaa6c8b9/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:IBM"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:Watson"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:Citigroup"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:risk_management"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:AI"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:text_mining"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:DeepQA"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://www.zerohedge.com/news/welcome-sub-nanosecond-markets">
    <title>ZeroHedge 20120305 - Welcome To Sub-Nanosecond Markets</title>
    <dc:date>2012-03-06T07:21:17+00:00</dc:date>
    <link>http://www.zerohedge.com/news/welcome-sub-nanosecond-markets</link>
    <dc:creator>mjaniec</dc:creator><description><![CDATA[Certichron, the supplier of a time service center at a Savvis market center in Weehakwen, says it has mastered sub-nanosecond readouts which are now "compliant with the FINRA Order Audit Trail System and is likely to be compliant with any Consolidated Audit Trail that might be specified by the Securities and Exchange Commission."

For those of you scratching their heads at this development, curious as to how or why on earth anyone would need sub nanosecond time-stamping, you are not alone. Because as a reminder, 1 nanosecond is the time it takes light to travel 30 centimeters. Light. Via fiber-optic cable: which happens to be the medium by which the fastest news (and thus response to) can propagate.

There was a time when the smallest gradient of trading was in the millisecond range, but then HFT algos became collocated at the exchanges so that in response to any one headline, an algo could generate a kneejerk reaction to (whether buy or sell) long before the rest of the trading world was aware what is going on, in the time light moved 300 meters.]]></description>
<dc:subject>high_frequency_trading Certichron</dc:subject>
<dc:source>http://pinboard.in/</dc:source>
<dc:identifier>http://pinboard.in/u:mjaniec/b:3b38e53a28fa/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:high_frequency_trading"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:Certichron"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://www.collegian.com/index.php/blog/research/2012/03/colorado_state_university_researchers_recently_publish_an_article_on_caloric_restriction_in_mice">
    <title>The Rocky Mountain Collegian 20120302 - Colorado State University researchers recently publish an article on caloric restriction in mice</title>
    <dc:date>2012-03-05T06:08:55+00:00</dc:date>
    <link>http://www.collegian.com/index.php/blog/research/2012/03/colorado_state_university_researchers_recently_publish_an_article_on_caloric_restriction_in_mice</link>
    <dc:creator>mjaniec</dc:creator><description><![CDATA[Restricting calorie intake without malnutrition can increase lifespan in some species. Caloric restriction appears to increase mitochondrial protein synthesis.

The mitochondria is essentially a powerhouse for a cell. If it makes more proteins, it should need more energy because protein synthesis is costly (in terms of energy). 

Benjamin F. Miller, Matthew M. Robinson, Matthew D. Bruss, Marc Hellerstein and Karyn L. Hamilton wrote “A comprehensive assessment of mitochondrial protein synthesis and cellular proliferation with age and caloric restriction” which was published last month in Aging Cells.

Mitochondrial protein synthesis did not change based on a calorie restricted diet, which means net energy expenditure increased at the mitochondrial level in these tissues. Energy-in decreased but energy-out did not change.

Our researchers were not able to determine what exactly caused this.

The good news for longevity research is that cell division did decrease in the heart and liver during energetic stress if they ate a restricted calorie diet.

There may be a limited amount of cell divisions before there are mistakes and new cells are weaker than older cells. This means that reducing cell division rate should increase the lifespan of that tissue.

This reduction in cell division suggests that caloric restriction needs other factors to increase lifespan, at least in mice.]]></description>
<dc:subject>caloric_restriction health mitochondria aging</dc:subject>
<dc:source>http://pinboard.in/</dc:source>
<dc:identifier>http://pinboard.in/u:mjaniec/b:cfb725796d29/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:caloric_restriction"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:health"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:mitochondria"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:aging"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://www.businessweek.com/articles/2012-03-01/the-hedge-fund-that-beat-paulson-and-soros">
    <title>Businessweek 20120301 - The Hedge Fund That Beat Paulson and Soros</title>
    <dc:date>2012-03-03T04:35:06+00:00</dc:date>
    <link>http://www.businessweek.com/articles/2012-03-01/the-hedge-fund-that-beat-paulson-and-soros</link>
    <dc:creator>mjaniec</dc:creator><description><![CDATA[Since 2009, Ray Dalio’s Bridgewater Associates has been the biggest hedge fund. According to a Feb. 29 report by Leveraged Capital Holdings (LCH), a British fund of funds, Dalio has now earned more money for clients than any other fund manager, ever.

Dalio’s move into the top spot comes amid general declines in the hedge fund industry. LCH reports that hedge funds lost a total of $123 billion in 2011, or about 5.2 percent on average. It was just the third calendar-year decline since 1990, according to Hedge Fund Research in Chicago.

Bridgewater’s Pure Alpha fund, which Dalio launched in 1975, made $13.8 billion in 2011, bringing its total lifetime gains to $35.8 billion.]]></description>
<dc:subject>hedge_funds Bridgewater_Associates Bridgewater_Pure_Alpha Ray_Dalio</dc:subject>
<dc:source>http://pinboard.in/</dc:source>
<dc:identifier>http://pinboard.in/u:mjaniec/b:7751db719791/</dc:identifier>
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	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:Ray_Dalio"/>
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</item>
<item rdf:about="http://www.theoptionsinsider.com/industry/?id=9318">
    <title>Options Insider 20120302 - Intercontinental Exchange's Year One High Frequency Trading Results</title>
    <dc:date>2012-03-03T04:30:36+00:00</dc:date>
    <link>http://www.theoptionsinsider.com/industry/?id=9318</link>
    <dc:creator>mjaniec</dc:creator><description><![CDATA[This week, the Intercontinental Exchange announced the impact of its year-old high frequency trading messaging policy. The results were positive, showing this innovative method is an effective one. 

The exchange implemented this in early 2011 for its most actively traded futures and OTC contracts. The policy was itended to discourage inefficient and excessive messaging without compromising market liquidity, according to the exchange.  

"Before 2011, ICE's messaging policy, like many other exchanges, was a simple order-to-trade ratio with published benchmarks above which high frequency traders were assessed a fee. However, this simplistic approach didn't differentiate between orders that 'added to liquidity' and those that were far out of the market. Our HFT Messaging Policy directly addressed this problem by overweighting orders far away from the market relative to those orders near the best bid or offer at the time of entry. The ratio of orders using the weighting scale to lots traded is called the Weighted Volume Ratio (WVR). Traders exceeding our WVR benchmark incur a fee and fees increase as higher WVR thresholds are exceeded. This framework has been extremely successful in managing the high frequency traders in our markets."

ICE presented the following results from the policy's first year.  

- The exchange noted that since the policy's introduction, the WVR has declined by 63 percent in ICE Futures U.S. markets, 19 percent in ICE Futures Europe markets, and 53 percent in ICE's OTC markets.

- The number of violations from the High Frequency Messaging Policy's highest thresholds declined by 93 percent.

- With the policy's implementation, HFTs made improvements to their algorithms and subsequently the quality of streamed orders improved.

]]></description>
<dc:subject>ICE high_frequency_trading commodities</dc:subject>
<dc:source>http://pinboard.in/</dc:source>
<dc:identifier>http://pinboard.in/u:mjaniec/b:0f641bc97d8f/</dc:identifier>
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</item>
<item rdf:about="http://www.bloomberg.com/news/2012-03-01/israel-to-begin-investing-reserves-in-u-s-equities-today-1-.html">
    <title>Bloomberg 20120301 - Israel to Begin Investing Reserves in U.S Equities Today</title>
    <dc:date>2012-03-02T05:03:28+00:00</dc:date>
    <link>http://www.bloomberg.com/news/2012-03-01/israel-to-begin-investing-reserves-in-u-s-equities-today-1-.html</link>
    <dc:creator>mjaniec</dc:creator><description><![CDATA[The Bank of Israel will begin today a pilot program to invest a portion of its foreign currency reserves in U.S. equities.

The investment, which in the initial phase will amount to 2 percent of the $77 billion reserves, or about $1.5 billion, will be made through UBS AG and BlackRock Inc. At a later stage, the investment is expected to increase to 10 percent of the reserves.

A small number of central banks have started investing part of their reserves in equities. About 9 percent of the foreign- exchange reserves of Switzerland’s central bank were invested in shares at the end of the third quarter, the Swiss bank said on its website.

The investment will be made in equity index trackers and will include between 1,500 to 2,000 shares, among them stocks like Apple Inc.]]></description>
<dc:subject>Israel foreign_reserves AAPL SNB UBS BlackRock quantitative_easing</dc:subject>
<dc:source>http://pinboard.in/</dc:source>
<dc:identifier>http://pinboard.in/u:mjaniec/b:94050c3a07d3/</dc:identifier>
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<item rdf:about="http://www.foxbusiness.com/news/2012/02/22/eu-considers-extending-ban-on-commerzbanks-acquisitions-report/">
    <title>Fox Business 20120222 - EU Considers Extending Ban On Commerzbank's Acquisitions</title>
    <dc:date>2012-03-01T17:32:32+00:00</dc:date>
    <link>http://www.foxbusiness.com/news/2012/02/22/eu-considers-extending-ban-on-commerzbanks-acquisitions-report/</link>
    <dc:creator>mjaniec</dc:creator><description><![CDATA[The European Commission--the European Union's executive body--is considering extending an agreement that bans Commerzbank AG (CBK.XE) from making any acquisitions, daily newspaper Handelsblatt reports ahead of publication Thursday.

The EU would also allow Germany's second-largest bank by market capitalization to call off the disposal of its commercial real-estate and public financing unit Eurohypo, the report said.

The ban on acquisitions dates back to 2009, when the commission approved state aid to Commerzbank under certain conditions. Apart from the ban on acquisitions, these conditions also included the disposal of Eurohypo by the end of 2014, the report added.

However, both the commission and Commerzbank now consider a sale of Eurohypo as unrealistic and Commerzbank is now planning to partially liquidate Eurohypo, the report said.
]]></description>
<dc:subject>Germany EU crisis Commerzbank Eurohypo European_Commission</dc:subject>
<dc:source>http://pinboard.in/</dc:source>
<dc:identifier>http://pinboard.in/u:mjaniec/b:2b2c9ac6a9f8/</dc:identifier>
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<item rdf:about="http://www.ft.com/intl/cms/s/0/4f1a03d8-6392-11e1-9686-00144feabdc0.html">
    <title>FT 20120301 - No insurance pay-out on Greek debt</title>
    <dc:date>2012-03-01T16:52:15+00:00</dc:date>
    <link>http://www.ft.com/intl/cms/s/0/4f1a03d8-6392-11e1-9686-00144feabdc0.html</link>
    <dc:creator>mjaniec</dc:creator><description><![CDATA[Billions of dollars in credit default insurance will not be paid out to investors in Greek debt, an industry body has ruled, turning down two requests for a pay-out to be triggered over a debt swap.

The International Swaps and Derivatives Association decided there had not been a credit event yet in Greece ahead of next week’s €206bn debt swap but left the door open for a different decision in the future.

The Greek debt swap has been structured as a voluntary deal, in part to avoid triggering CDS. But in recent months as Greece’s financial situation has deteriorated rapidly it has become clear that all of its bonds held by private investors need to be included in the swap to help bring its debt burden down meaningfully.

To guarantee full participation, Greece has retroactively inserted collective action clauses into its existing bonds. These CACs allow a decision of a two-thirds majority to bind all bondholders, meaning that any holdouts would be included in the swap. But ISDA rules say that exercising a CAC normally creates a credit event.

The value of net CDS outstanding on Greece has collapsed in recent months amid these fears, and stands at $3.2bn, down by more than 90 per cent from its peak.

The determinations committee of ISDA, which decides on whether a credit event has occurred, is dominated by banks taking part in the debt swap, raising questions about its impartiality. BNP Paribas, Deutsche Bank and Société Générale are among the 10 banks on the panel along with five asset managers.

Greek CDS has long been trading at highly distressed levels, and now trades at levels suggesting a large default is all but certain. Investors currently wishing to insure $10m of debt over five years have to pay $7.3m up front and $100,000 annually there after.]]></description>
<dc:subject>EU crisis CDS ISDA bonds Greece</dc:subject>
<dc:source>http://pinboard.in/</dc:source>
<dc:identifier>http://pinboard.in/u:mjaniec/b:9efd4e534237/</dc:identifier>
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	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:CDS"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:ISDA"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:bonds"/>
	<rdf:li rdf:resource="http://pinboard.in/u:mjaniec/t:Greece"/>
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<item rdf:about="http://www.4-traders.com/UBS-AG-9365071/news/UBS-AG-UBS-Launches-Algorithmic-Trading-Strategy-for-Illiquid-Securities-14153193/">
    <title>4-traders 20120229 - UBS Launches Algorithmic Client Trading Strategy for Illiquid Securities</title>
    <dc:date>2012-03-01T04:20:59+00:00</dc:date>
    <link>http://www.4-traders.com/UBS-AG-9365071/news/UBS-AG-UBS-Launches-Algorithmic-Trading-Strategy-for-Illiquid-Securities-14153193/</link>
    <dc:creator>mjaniec</dc:creator><description><![CDATA[- "UBS Swoop" is designed for trading illiquid, hard-to-trade, and low ADV securities

- Enables clients to capture liquidity in unpredictable or low-volume situations

- Intelligently targets best trading venues for illiquid stocks

- Available in major markets across the globe, tailored to local market structure

"The availability of equity liquidity is never a given, but for some securities it is even more elusive," said Owain Self, Global Head of Algorithmic Trading at UBS. "Traditional algorithms were built to trade on a schedule, which means they are not suited to appropriately capture unanticipated bursts of liquidity. Our clients tell us that at times, for certain securities, they need a strategy to operate on an 'I would if I could' basis. So we designed Swoop to wait, watch and intelligently act upon those unpredictable moments."

(...)

UBS Direct Execution is the firm's global institutional electronic trading business. Direct Execution offers ultra-low latency Direct Market Access (DMA), a suite of award-winning advanced Algorithmic Trading strategies, a state-of-the-art analytics platform - offering Real-Time TCA - called UBS Fusion, and a multi-asset international execution management system called UBS Pinpoint.]]></description>
<dc:subject>algorithmic_trading UBS liquidity_risk UBS_Swoop UBS_Direct_Execution</dc:subject>
<dc:source>http://pinboard.in/</dc:source>
<dc:identifier>http://pinboard.in/u:mjaniec/b:52d796d21d5a/</dc:identifier>
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</item>
<item rdf:about="http://www.computerworld.com/s/article/9224670/IBM_touts_quantum_computing_breakthrough">
    <title>Computerworld 20120228 - IBM touts quantum computing breakthrough</title>
    <dc:date>2012-02-28T06:20:24+00:00</dc:date>
    <link>http://www.computerworld.com/s/article/9224670/IBM_touts_quantum_computing_breakthrough</link>
    <dc:creator>mjaniec</dc:creator><description><![CDATA[Scientists at IBM Research today said they have achieved a major advance in quantum computing that will allow engineers to begin work on creating a full-scale quantum computer.

The breakthrough allowed scientists to reduce data error rates in elementary computations while maintaining the integrity of quantum mechanical properties in quantum bits of data, known as qubits.

IBM is not alone in its research on quantum computing; both the University of California at Santa Barbara and Yale University are doing similar research. However Mark Ketchen, the manager of physics of information at the IBM's TJ Watson Research Center in Yorktown Heights, NY., argued that only IBM has the resources to actually fabricate quantum-computing chips.

Currently, IBM can maintain the state of a gate electrode long enough to perform an operation. That operation is accurate 95% of the time, Ketchen said. The scientists want to get the accuracy above 99%, so as to reduce data errors to the point where it could be used to perform computations with an acceptable degree of accuracy.]]></description>
<dc:subject>quantum_computing IBM error_correction</dc:subject>
<dc:source>http://pinboard.in/</dc:source>
<dc:identifier>http://pinboard.in/u:mjaniec/b:3b957d9564f1/</dc:identifier>
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</item>
<item rdf:about="http://online.wsj.com/article/SB10001424052970203833004577249831718108646.html">
    <title>WSJ 20120227 - S&amp;P Declares Greece in Default</title>
    <dc:date>2012-02-28T00:58:06+00:00</dc:date>
    <link>http://online.wsj.com/article/SB10001424052970203833004577249831718108646.html</link>
    <dc:creator>mjaniec</dc:creator><description><![CDATA[Greece became the first euro-zone member officially to be rated in default, 13 years after the single European currency was adopted to strengthen the European Union.

Standard & Poor's cut Greece's long-term credit rating to selective default from double-C. The move was expected, as S&P said this month that it would consider Greece in default if it added "collective-action" clauses to its sovereign debt, effectively forcing all bondholders to accept a bond-swap offering. Greece's Parliament approved that measure last week.

Moody's Investors Service and Fitch Ratings also are likely to place Greece in default. 

The bigger question remains whether the action triggers payments on credit-default-swap contracts.

The net payments that would change hands between buyers and sellers of credit-default swaps on Greece wouldn't total more than an estimated $3.2 billion, according to the Depository Trust & Clearing Corp.

A committee convened by the organization that oversees those contracts, the International Swaps and Derivatives Association, has been asked by an unidentified entity to decide whether Greece's restructuring should trigger the payouts.

The association said in a statement that the committee will decide by Wednesday "whether to accept the question for deliberation or reject it." If the committee reviews the case, it then would consider whether sellers of Greek credit-default swaps should pay buyers of the protection.]]></description>
<dc:subject>EU crisis Greece Standard&amp;Poor's rating CDS ISDA DTCC</dc:subject>
<dc:source>http://pinboard.in/</dc:source>
<dc:identifier>http://pinboard.in/u:mjaniec/b:243c7896273c/</dc:identifier>
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<item rdf:about="http://www.nytimes.com/2012/02/23/technology/google-glasses-will-be-powered-by-android.html">
    <title>NYT 20120222 - Behind the Google Goggles, Virtual Reality</title>
    <dc:date>2012-02-27T04:31:03+00:00</dc:date>
    <link>http://www.nytimes.com/2012/02/23/technology/google-glasses-will-be-powered-by-android.html</link>
    <dc:creator>mjaniec</dc:creator><description><![CDATA[...later this year, Google is expected to start selling eyeglasses that will project information, entertainment and, this being a Google product, advertisements onto the lenses. The glasses are not being designed to be worn constantly — although Google engineers expect some users will wear them a lot — but will be more like smartphones, used when needed, with the lenses serving as a kind of see-through computer monitor.

...they are being built in the Google X offices.

The glasses will use the same Android software that powers Android smartphones and tablets. Like smartphones and tablets, the glasses will be equipped with GPS and motion sensors. They will also contain a camera and audio inputs and outputs.

 Through the built-in camera on the glasses, Google will be able to stream images to its rack computers and return augmented reality information to the person wearing them. For instance, a person looking at a landmark could see detailed historical information and comments about it left by friends.

If facial recognition software becomes accurate enough, the glasses could remind a wearer of when and how he met the vaguely familiar person standing in front of him at a party. They might also be used for virtual reality games that use the real world as the playground.]]></description>
<dc:subject>Google augmented_reality virtual_reality Google_X</dc:subject>
<dc:source>http://pinboard.in/</dc:source>
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