Monday, June 28, 2010

NYTimes: BP Loses Trading-Floor Swagger in Energy Markets

As an indication of the role of speculative capital in industrial corporations, note the high percentage (20% or $2 to $3 billion) of its profits that BP took in from it's trading operations.


From The New York Times:

BP Loses Trading-Floor Swagger in Energy Markets

The future of BP's trading unit is uncertain as oil spill costs mount and rival firms try to lure away traders.

Sent from my iPad

Sunday, June 20, 2010 What Is I.B.M.'s Watson?

Interesting article that shows how the universe of possibilities expands as technology develops -- cheaper, faster, more, more, more. And that it enables hundreds of thousands or maybe even millions of people to add to information Out There.


MAGAZINE | June 20, 2010
Smarter Than You Think: What Is I.B.M.'s Watson?
The category is artificial intelligence. This question-answering computer system is ready to challenge some flesh-and-blood "Jeopardy!" champions.

P.S. And this -- the other side of the tech revolution; how sausage is made: A Night at the Electonics Factory

Thursday, June 17, 2010

NYT: The genome at 10

From The New York Times:

THE GENOME AT 10: Awaiting the Genome Payoff

The Human Genome Project has not produced the promised cornucopia of new drugs.

A couple of observations:

1. A revolution in the instruments of production is at the same time a revolution in the instruments of science.

2. Perhaps one of the problems is reducing the human being to a chemical machine.