A new credit bubble gets ready to burst

A new credit bubble gets ready to burst

The rise of the shadow banking system began in the 1980s with “junk” bonds, which for the first time allowed companies with less than blue-chip credit ratings to borrow more easily and cheaply from investors in the bond market than from banks on which they had always relied. To fund all this loan-making, the shadow banks have turned to insurance companies, pension funds, university endowments and wealthy investors, offering them a chance to buy into a diversified pool of loans that offer returns ranging from 6 percent to 13 percent, depending on the level of risk they are willing to assume. And even though traditional banks may be making fewer loans to midsize businesses, they’ve been eagerly lending to the hedge funds, private equity firms and business development companies that are making more of those loans.

Source: www.greenwichtime.com

Fuzzy Logic, Fuzzy Ethics

Fuzzy Logic, Fuzzy Ethics

Zadeh’s system was an important departure from the top-down approach and the bivalent logic which typically undergirded it, in which all propositional statements must be either true or false. This new approach held considerable promise for AI, as it purported to seamlessly integrate and learn from unexpected inputs, as humans can apparently do so effortlessly, rather than simply malfunction on contact like the more unyielding top-down systems. Unlike good old-fashioned AI, fuzzy logic is a decidedly “bottom-up” affair that begins by processing manifold particulars in situ rather than blindly applying universal rules, orienting AI research away from rigid deductive systems and toward more agile inductive ones.

Source: reallifemag.com

The Central Park Five

The Central Park Five

Salaam was 15 years old at the time of his arrest, and spent more than six years in prison. And I’ve been able to say that to him, but I also realized that that’s not adequate enough to know what he went through, or that he could have been killed in prison. HERISSE It was emotionally taxing at times [to embody that weight].

Source: www.nytimes.com

If I ingest a grain of sand size piece of the Chernobyl Reactor No.4 core

If I ingest a grain of sand size piece of the Chernobyl Reactor No.4 core

In the image below is a piece of reactor fuel I found at the Chernobyl plant in 2010 roughly the size of a grain of sand. Chip of nuclear fuel from Chernobyl, on my pinkie finger for scale

You would have some other problems to be sure. You would probably be escorted somewhere under supervision until you excreted the bulk of the activity, and then taken to one of these:

Me, riding the whole body counter in SP1430, Chernobyl Nuclear Power Plant, after being inside the Unit 4 “Sarcophagus”

It’s a chair with built-in calibrated sodium iodide scintillators that calculates your body burden of Cs-137 and your dose.

Source: www.quora.com

Rethinking Files

Rethinking Files

Suppose that filesystems (“file”systems) can export new object types and supported verbs. This filesystem, when it is mounted (really, bound into the global namespace at some prefix) communicates the object types it defines, and their verbs, to the system. For example, you could introduce an SQL table object type which is emphatically not an opaque sequence of bytes in the Unix way, and which is operated on with verbs like SELECT — all natively, in the shell, ala Powershell.

Source: www.devever.net

The shadow banks are back with another big bad credit bubble

The shadow banks are back with another big bad credit bubble

The rise of the shadow banking system began in the 1980s with “junk” bonds, which for the first time allowed companies with less than blue-chip credit ratings to borrow more easily and cheaply from investors in the bond market than from banks on which they had always relied. Then, beginning in the 1990s, shadow banks moved aggressively into home mortgages and other consumer debt — auto loans, student loans, credit card debt — which they bought from banks and other lenders, packaged together and sold to investors as bond-like securities. To fund all this loan-making, the shadow banks have turned to insurance companies, pension funds, university endowments and wealthy investors, offering them a chance to buy into a diversified pool of loans that offer returns ranging from 6 percent to 13 percent, depending on the level of risk they are willing to assume.

Source: www.washingtonpost.com

Edgewrite and some of my own experiments

Edgewrite and some of my own experiments

Lobste.rs user minimax gave me the tip of two input systems that provided me with a lot of interesting input. As you’d might expect I have some ideas of my own regarding text input. Other things that made a whole lot of sense was highlighting symbols by the probability predicted by the prediction engine.

Source: tbf-rnd.life

A case for lease-based, utilitarian resource management on mobile devices

A case for lease-based, utilitarian resource management on mobile devices

If an app is making good, legitimate use of the resource then the lease will be transparently extended. If an app has been using resources efficiently, the lease manager increases the lease term, reverting back to the 5-second lease on any sign of misbehaviour. Testing with apps that legitimately make heavy use of resources (RunKeeper, Spotify, and Haven), LeaseOS renews leases without any interruption, whereas under the pure throttling scheme all three apps experienced some disruption.

Source: blog.acolyer.org

Compiling C to WebAssembly Without Emscripten

Compiling C to WebAssembly Without Emscripten

The compiler in Emscripten’s toolchain, the program that translates C code to WebAssembly byte-code, is LLVM. The next step is invoking LLVMs backend compiler to turn the LLVM IR into an object file:

The output, , is effectively a valid WebAssembly module and contains all the compiled code of our C file. If the program requests n bytes of memory, we advance that marker by n and return the previous value:

The globals we saw in the WAT are actually defined by which means we can access them from our C code as normal variables if we declare them as .

Source: dassur.ma

Ilya Starinov – The godfather of modern insurgent IED warfare

Ilya Starinov – The godfather of modern insurgent IED warfare

As a railway expert to the military committee developing the defensive plan, Starinov examined the railway lines that led through the Ukraine from the Western borders, but also as a sapper he advised on a much wider range of defensive minefields and demolitions. By 1933 Starinov had a played a key role in training over 9000 people as partisans for the defensive plan for the Western Soviet Union. As a result Starinov could not “teach” his classrooms full of future partisans in the use of standard manufactured Soviet sabotage munitons (which would have fitted political doctrine), so he had of necessity to teach them how to make improvised devices.

Source: www.standingwellback.com