OK, this is big....


Despite the Federal Reserve's efforts Wall Street fears a big US bank is in trouble - Times Online Global stock markets may have cheered the US Federal Reserve yesterday, but on Wall Street the Fed's unprecedented move to pump $280 billion (£140 billion) into global markets was seen as a sure sign that at least one financial institution was struggling to survive.

The name on most people's lips was Bear Stearns. Although the Fed billed the co-ordinated rescue as a way of improving liquidity across financial markets, economists and analysts said that the decision appeared to be driven by an urgent need to stave off the collapse of an American bank.

“The only reason the Fed would do this is if they knew one or more of their primary dealers actually wasn't flush with cash and needed funds in a hurry,” Simon Maughan, an analyst with MF Global in London, said.

Shit, meet fan.


Carlyle Fund's Assets Seized - washingtonpost.com

The high-profile downfall, part of the broad turmoil in credit markets worldwide, followed a week of frantic negotiations between the Carlyle Group and a number of lenders. Carlyle Group's three founders as recently as Monday were considering injecting cash into the fund as a way to usher it through the credit crisis. By yesterday the fund had defaulted on $16.6 billion of debt and said it expected to default soon on its remaining debt. The fund's $21.7 billion in assets were exclusively in AAA mortgage-backed securities issued by Fannie Mae and Freddie Mac, traditionally considered secure and conservative investments, which it was using as collateral against its loans.

Nerve-tapping neckband used in 'telepathic' chat

A neckband that translates thought into speech by picking up nerve signals has been used to demonstrate a "voiceless" phone call for the first time. With careful training a person can send nerve signals to their vocal cords without making a sound. These signals are picked up by the neckband and relayed wirelessly to a computer that converts them into words spoken by a computerised voice.

And then the gub-ment can tap it at will and use it in a interrogation. I'll take 2 please!

The Quote

"Photography is the last hope of the talentless." I can't remember where I read it and I can't seem to find it with the google. But it sure is funny.

Television

In late 1973 the trio reformed, calling themselves Television and soon recruiting Richard Lloyd as a second guitarist. They persuaded CBGB's owner Hilly Kristal to give the band a regular gig at his club which had just opened on the Bowery in New York. Television was the first rock group to perform at the club, which was to become, along with Max's Kansas City, the center of the burgeoning punk scene. The members of Television reportedly constructed the first stage at CBGB's where they quickly established a significant cult following.

Man....


HP -1 | MetaFilter Been working on a series of images of old pewter D&D figures..... This just kicked me in the ass to get something posted.

It's amazingly hard to to bring up how much of a influence this stuff had on my geeky, lost in my own head, teen self. And it's even more amazing how you don't think about it until something like this happens.

Does that define true cultural impact? When something is so pervasive one never stops to think about it till it's gone?

XP SP2 vs. Vista RTM vs. Vista SP1: Gaming benchmark

So I plan on upgrading to a new Intel mac soon and plan on installing Bootcamp on it for games ASAP. (BTW, Bootcamp now supports 64 bit!)

I used to have a gaming PC back in 2001-2003 and ran XP fine, but with Vista I wanted to see what I could dig up in the way of recent reviews and found a nice write up over at ZD net.

XP SP2 vs. Vista RTM vs. Vista SP1: Gaming benchmark | Hardware 2.0 | ZDNet.com

I wish it delved into the difference between 64 and 32 bit, but all in all Vista still looks like a dog.

Scribe Fire

After reading about how Safari is not as secure as it could be I switched back to Mozilla begrudgingly. But now I am having some fun playing around with the various add ons it has. The newest one I am trying is called ScribeFire: Fire up your bloggingScribe Fire and it's all about making blogging easier. Took me awhile to get it set up on my hosted server but now i am testing it some more with this very exciting post.

Calm yourselves down.

Update:

Hmm, no catagories...

God dammit

"CAYMAN ISLANDS - Kellogg Brown & Root, the nation's top Iraq war contractor and until last year a subsidiary of Halliburton Corp., has avoided paying hundreds of millions of dollars in federal Medicare and Social Security taxes by hiring workers through shell companies based in this tropical tax haven. When Texas pipe-fitter Danny Langford applied for unemployment compensation after being let go by Service Employers International Inc., he was rejected, he was told, because he worked for a foreign company.

More than 21,000 people working for KBR in Iraq - including about 10,500 Americans - are listed as employees of two companies that exist in a computer file on the fourth floor of a building on a palm-studded boulevard here in the Caribbean. Neither company has an office or phone number in the Cayman Islands."

Man, this country is built so that only crooks get ahead, I swear.....

Photoshop Disasters

Culling the <a href="http://photoshopdisasters.blogspot.com/">worst retouching mistakes</a> on the internet. Oh my god. I love this site.

Lanczos resampling

"Lanczos resampling is a multivariate interpolation method used to compute new values for any digitally sampled data. It is often used to resize digital images, but could be used for any other digital signal. In the case of digital image resizing, the Lanczos function indicates which pixels in the original image, and in what proportion, make up each pixel of the final image. Lanczos filtering gives very high quality results compared to more commonly used but faster techniques such as linear or cubic interpolation because it more closely approximates the optimal resampling filter, the sinc function. While the sinc function is infinite, making it very computationally intensive, the Lanczos function defines an approximation over a given range (the "window"), allowing the implementor the ability to improve the approximation by increasing the size of the window."

Just in case you were wondering.

How to Inoculate Your Children Against Advertising

"We didn’t sit the boys down for long lectures; rather, every time we noticed that a commercial or a print ad caught their attention, we asked them if they thought the product really did what the commercial claimed. This introduced the idea that sometimes people say things that aren’t true and that it was okay for them to question what they saw and heard. It also taught the boys that what they think is important and valuable. At the same time, we explained to them how companies need money to pay their workers and themselves, and how those companies try to convince others to buy their products in order to make money. Slowly, we began to see a change in their behavior."

Great post.

The Gimp

Looks like The Gimp has been updated to run on 10.5. For those of you who do not know, The Gimp is a open source free version image editor like photoshop. Only free.

Has a healing brush now!

Corn Detasseling

So the conversation in the bar the other day drifted to the fine art of Corn Detasseling and how much that sucked to do as a kid. So I thought I do some googling this morning about it. "You get up before the sun comes up, meet at the high school and get on the yellow school bus that takes you to the field. You know that your first 10 steps into the corn are going to be anything but pleasant because it's full of dew. You're wet head-to-toe no matter what you're wearing. The corn is tall, you're walking through mud and engaged in repetitive physical exertion for the next 10 hours. In the morning, it's wet and chilly. By 10 a.m., steam is rising from the field. By noon it's darn hot, and by three, it's extremely hot and you're exhausted."

"Detasselers all wear pretty much the same uniform at work. Gloves with rubber grips protect the hands, hats guard against sunburn. And despite the heat, nearly everyone wears a bandana around the neck, a long-sleeved shirt and long pants, all to avoid the detasseler's worst nightmare: corn rash.

"Oh, I have it on my legs, and I don't think it's going away anytime soon," says Robb Stewardson, 20, a junior at Doane College, in Crete, Neb., who is detasseling for the first time this summer. He wore shorts the first few days and is now suffering the irritation caused by leaves of corn brushing against bare skin. "It looks and feels like the worst sunburn you ever had, but it's a rash that's everywhere."

But I guess agra business is making a end to all of these fun time.

"But the tradition of detasseling could be coming to an end. Seed companies are developing ways to make wider use of what's called "male-sterile corn" -- corn whose tassel doesn't produce pollen, thereby eliminating the need for detasselers. It's planted next to a corn variety that is able to pollinate, so cross-pollination can be achieved more efficiently."

I dunno, corn that does not pollenate sounds like a bad bad thing to me.