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WASHINGTON – Treasury Secretary Timothy Geithner said Thursday its “deeply unfair” that some financial institutions that got taxpayer-paid bailouts are emerging in better shape from the recession than millions of ordinary Americans.He acknowledged public outrage over that and said people watched with disdain as Washington protected high-risk banks and investment houses, even as the national unemployment rate was soaring to double-digit levels for the first time in a generation.
via Geithner: Disparity in recovery ‘deeply unfair’ – Stocks & economy- msnbc.com.
Officials have switched the default font on its e-mail system from Arial to Century Gothic. They said the change sounds minor, but it will save money on printer ink when students print out e-mails in the new font.Diane Blohowiak, the schools director of computing, said the new font uses about 30 percent less ink than the previous one.That could add up to real savings, since the cost of printer ink works out to about $10,000 per gallon.
via UW-Green Bay Says Switching E-Mail Font Will Save Money – Technology News Story – WISC Madison.
My only question is who still prints emails?
IT SOUNDS distinctly unpromising. A nine-volume, 2,200-page report by a court-appointed examiner into the causes of Lehman Brothers’ bankruptcy, published on Thursday March 11th, has a table of contents that lasts for 38 pages. Its most exciting finding relates to an off-balance-sheet accounting gimmick. But the work of Anton Valukas, the chairman of Jenner & Block, a law firm, is crisp, clear and explosive.
Mr Valukas and his team took more than a year to research their report. They collected more than 5m documents and reviewed an estimated 34m pages of information. Looking at Lehman’s IT systems was a particular challenge. The firm had a rat’s nest of more than 2,600 systems and applications at the time it went bust; Mr Valukas boiled that down to the 96 most relevant ones, some of which are now operated by Barclays (the buyer of Lehman’s American arm after the holding company failed). He also conducted more than 250 informal interviews, many of them with Lehman’s directors and most senior executives.
via A postmortem on Lehman Brothers: Oh, brother | The Economist.
Currently with 3 and sometimes 4 generations in the work force, the number of available jobs dwindling and the number of robotic workers increasing it makes one wonder about the future of work. So many in America, and other countries, spend a good part of their lives and base their very identities on their careers. When we can envision a moment in time when robotics can take over most of the work load, what then shall we do? The first answer comes to mind is research, academia and more family time come to mind. Clean up will be necessary. Exploration of space. But these too can and are being automated.
Repetitive tasks are the first to be replace with automation.
see also Ford’s Plant in Brazil
A world of economic freedom and justice for all, where all communities have access to a fair and equitable universal medium of exchange, issued by the people in sufficiency to meet their own needs and the needs of their communities.
The Great Recession may be over, but this era of high joblessness is probably just beginning. Before it ends, it will likely change the life course and character of a generation of young adults. It will leave an indelible imprint on many blue-collar men. It could cripple marriage as an institution in many communities. It may already be plunging many inner cities into a despair not seen for decades. Ultimately, it is likely to warp our politics, our culture, and the character of our society for years to come.
via How a New Jobless Era Will Transform America – The Atlantic (March 2010).
