Archive for August 20, 2011

IBM develops first ‘brain chips’ capable of mimicking the process of human thought

August 20, 2011 Comments off


The challenge in training a computer to behave like a human brain has tested the limits of science for decades.

But researchers from IBM today said they have made a key step towards combining the two worlds.

The U.S. technology firm has built two prototype chips that it says process data more like how humans digest information than the chips that currently power PCs and supercomputers.

Looking to the future: IBM has developed two prototype chips it claims comes closer than ever to replicating the human brain

The chips represent a significant milestone in a six-year-long project that has involved 100 researchers and some $41million (£25million) in funding from the U.S. government’s Defense Advanced Research Projects Agency (Darpa). IBM has also committed an Read more…

Revelations 12 – a GREAT Sign in Heaven THIS YEAR 2011

August 20, 2011 1 comment
Categories: Bible Prophecy Tags:

Peter Schiff says no ceiling for gold prices

August 20, 2011 Comments off


Peter Schiff says gold is more than just another precious metal. According to the president of Euro Pacific Capital, gold is a thermometer for the economy. And with gold prices at a high of $1851 an ounce, the economy isn’t getting any healthier.

“Gold going up every day is saying that Read more…

Categories: Coming Events, GOLD Tags: , ,

Global Stock Markets Drop Again on Economy Fears

August 20, 2011 Comments off


Stock markets fell across the globe on Friday, as investors showed new concern about the struggling U.S. economy and the stability of the European banking system.

The three major U.S. stock indexes — the Dow Jones Industrial Average, S&P 500 and NASDAQ — all dropped more than one percent Friday, following their decline of four to five percent on Thursday.

Asian stock indexes dropped sharply Friday, and European markets retreated as well, although not as much as on Thursday.

Analysts said that fear had overtaken stock trading, with many investors worried that officials in Europe and the U.S. will not be able to solve vexing economic and government financing issues.

In Europe, the concern is that banks are not strong enough to handle the continent’s debt problem sweeping through its financially troubled governments. Investors are also worried that Read more…

Gold Prices Soar 6.3% on Week and Top $1880, Silver Jumps 8.5% to Above $42

August 20, 2011 Comments off


U.S. gold futures jumped to a record above $1,800 an ounce Friday, extending its streak of record settlements to four sessions, its string of wins to five days and its successive weekly gains to seven.

Gold prices surged 6.3 percent this week, supported by global economic fears which pounded stocks and drove investors toward safe-haven buys like gold.

“Gold is driven by the uncertainty about a new global recession … and the possibility that Europe will engage in additional quantitative easing,” Reuters quotes James Dailey, portfolio manager of TEAM Financial Asset Management, which oversees $200 million in assets. “While an expected correction could be violent, I don’t think it may last too long.”

On Friday, December gold prices surged $30.20, or 1.7 percent, to close at a new record high of $1,852.20 an ounce on the Comex in New York. Gold prices ranged from $1,824.50 and $1,881.40 — also an intraday record high. The yellow metal has Read more…

Categories: GOLD Tags: , ,

Massive wall of dust swallows the Phoenix area, again

August 20, 2011 Comments off


A layer of dust hovers over Gilbert, Ariz., on Thursday, in the Phoenix area's third major dust storm in weeks.

 A layer of dust hovers over Gilbert, Ariz., on Thursday, in the Phoenix area’s third major dust storm in weeks. / MATT YORK/Associated Press

PHOENIX — Metropolitan Phoenix was shaking itself off Friday after a giant wall of dust smacked the city for the third time in the last six weeks, turning the skies brown and coating anything left outside.

A 1,000-foot-high wall of dust traveled at least 50 miles into metro Phoenix and neighboring Pinal County on Thursday evening before dissipating. It reduced visibility, created dangerous driving conditions and caused some flight delays.

National Weather Service meteorologist Ken Waters said the size and power of three of the storms set this season apart. Thunderstorms moving through southern Arizona brought winds of up to Read more…

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