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Archive for July 14, 2011

Quantitative Easing Rounds 1 and 2 Hurt the Economy … Bernanke Proposes Round 3

July 14, 2011 Comments off

georgewashington2.blogspot.com

Federal Reserve chairman Ben Bernanke is hinting at a third round of quantitative easing.

But Dallas Federal Reserve Bank president Richard Fisher said today:

I firmly believe that the Federal Reserve has already pressed the limits of monetary policy. So-called QE2, to my way of thinking, was of doubtful efficacy, which is why I did not support it to begin with. But even if you believe the costs of QE2 were worth its purported benefits, you would be hard pressed to now say that still more liquidity, or more fuel, is called for given the more than $1.5 trillion in excess bank reserves and the Read more…

Nanobots To Swim In Blood Stream To Make Repairs, Rare Earth Replacements Found

July 14, 2011 2 comments

beforeitsnews

Nanoscale robots that can flow through blood or repair complex electronics may yet be a possibility with the help of a new strategy developed at Oak Ridge National Laboratory. Although devices such as computer processors can effectively handle electrical signals at the length scale of 10 nanometers, achieving motion at the nanoscale has remained elusive.

“If we want to conquer the nanoscale, we need efficient ways to convert electrical signals to mechanical signals on comparable Read more…

Cops to Get Facial Recognition Devices; Will They Need Warrants to Use Them?

July 14, 2011 1 comment

abajournal

Police departments in several states are getting new high-tech devices that can scan irises, recognize faces and collect fingerprints.

The devices, made by BI2 Technologies, are attached to an iPhone for immediate searches of criminal databases, the Wall Street Journal (sub. req.) reports. The development is “raising significant questions about privacy and civil liberties,” the story says.

Currently the technology, called “Moris” for Mobile Offender Recognition and Information System, is used by the military to identify insurgents. But B12 has Read more…