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20 May 2009 10:25

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Biz, Politics: A quickie defense of credit card companies facing regulation

  • After everything is taken into account, a rigorous, highly tested credit recommendation pops out of their risk management engine. They literally have math and statistics PhDs who are in charge of this stuff. Congress seeks to prevent such complex analysis.
  • The Atlantic columnist Daniel Indiviglio • On the reasons credit card companies policies often lean towards predatory practices, and why Congress’ plan to kill those practices is no good. Indiviglio says that the unintended consequence of the the legislation currently going through Congress is that it will leave fewer people with credit. May we make the argument that this might actually be a good thing? • source
Posted by Ernie Smith • 0 Comments • Permalink

20 May 2009 10:15

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U.S.: Someone just stole the Clinton administration in hard drive form

  • It wasn’t in such a secure location after all. The National Archives lost a hard drive with a massive amount of information dating back to the Clinton administration – sensitive data, social security numbers, you name it. The one-terabyte drive holds enough sensitive info that someone should be sweating over it. But apparently nobody was; it was in a server room that allowed access to both people with clearance and (due to the fact that the door was always open because it got hot in there) support staff passing by. So, if you want to compromise our national security … become a janitor. source
Posted by Ernie Smith • 0 Comments • Permalink

20 May 2009 10:01

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Tech: Scientists have a new artificial product perfect for grafting

Scientists can now automate the production of skin in a lab. Unfortunately, it’s very slow and riddled with what-ifs. source
Posted by Ernie Smith • 0 Comments • Permalink

20 May 2009 09:25

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World: Iran’s Ahmadinejad: In case we ever want to hit Israel, now we can!

  • The defense minister told me today that we launched a Sejil-2 missile, which is a two-stage missile and it has reached the intended target.
  • Iran president Mahmoud Ahmadinejad • Who announced the successful test-fire of a missile which has the range to hit Israel. Great. Because he’s the kind of guy who should be bombing Israel right now. • source
Posted by Ernie Smith • 0 Comments • Permalink

20 May 2009 09:21

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Sports: Michael Vick leaves the uncomfortable confines of prison

  • Ohhh, he’s halfway there. Ohhh, livin’ on a prayer. Vick, the former Atlanta Falcons QB, will go into home confinement in Virginia for the last two months of his sentence for dog fighting, with long-term hopes to, you know, actually make it to the NFL again someday. On the plus side, he’s speaking like a remorseful person, which is helping his cause. source
Posted by Ernie Smith • 0 Comments • Permalink

20 May 2009 09:00

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U.S.: California has no remorse for state legislators and budget crises

  • A statewide referendum vote on the struggle to kill the massive budget crisis in California ended up with only tears, as none of the first five pieces of legislation got over 41% of the vote. source
  • However, the sixth piece of legislation did – unfortunately for state lawmakers, the legislation caps salaries of elected officials during years where the budget’s bad. Sucks for them. source
Posted by Ernie Smith • 0 Comments • Permalink

20 May 2009 08:50

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Sports: Schedule conflict showdown: The Denver Nuggets vs. The WWE

  • The fans in Denver had a lot more faith in making the playoffs than the owner.
  • WWE Chairman Vince McMahon • On the upcoming schedule conflict between an episode of Monday Night Raw shooting in Denver and Monday’s Game 4 of the Western Conference Finals, which takes place in Denver. Neither wants to budge. The owners are more likely to budge McMahon, by the way. And you know what? Dude’s absolutely right. Why would you book this event at this time of year, owners of the Pepsi Center in Denver? • source
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20 May 2009 08:44

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Biz: Now’s a pretty good time to buy Bank of America stock

  • 825 million number of shares the banking company is putting up for sale source
Posted by Ernie Smith • 0 Comments • Permalink
 
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