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Daily Digest 3/30 - AI In The Financial Markets, Bottling Water Without Scrutiny

Monday, March 30, 2015, 10:51 AM

Economy

Artificial Intelligence in the Financial Markets (Chris F.)

At the start of the new millennium, the stock market was temporarily liberated from the bonds of the NYSE and NASDAQ, however it did not last very long. In 2006, the NYSE took back its control of the market by merging with ARCA, while NASDAQ merged with Instinet (Instinet had acquired Island a few years before). The tables were turned once again to their “rightful” owners and we must trade again by their rules. The forex market is a decentralized market place, however, HFT traders exist even in this market.

China may invest $5.2bn in Russia’s first high speed railway (pinecarr)

Train travel from Moscow to Kazan, the capital of the Tatarstan republic, will be shorted to just 3 and a half hours instead of the more than 14 hours it takes now. The train will be able to reach speeds of 400 kilometers per hour. It will also reduce the travel time between Kazan and Nizhny Novgorod, Russia’s third largest city, to just ninety minutes from the more than 10 and a half hours it currently takes.

Budget 2015: Federal Government set to introduce tax on bank deposits, Labor accuses Tony Abbott of backflipping on election promise (westcoastjan)

The banking industry has raised concerns about a deposit tax, saying it will have to pass the cost back onto customers.

Steven Munchenberg from the Australian Bankers' Association said it would be a damaging move for the Government.

SDR Fundamentals And Future Announcements (westcoastjan)

In 2011 the International Monetary Fund called for the replacement of the USD as the world’s primary reserve currency. The SDR, which represents a potential claim on the currencies of IMF members, was considered to be the only viable alternative to the USD. The SDR, through its structure as a basket of currencies, is able to contribute to the stabilization of the global financial system through currency diversification, and can be used as a less volatile alternative to the dollar.

Bottling water without scrutiny (jdargis)

A growing debate over Nestle's use of water from the San Bernardino National Forest parallels other arguments in places from the San Gorgonio Pass to Mount Shasta. And those debates have turned more contentious as a fourth year of drought weighs on California's depleted water supplies.

Texas Town First Of Many To Switch To 100% Renewable Power

A Texas city is soon to be generating all of its electricity from renewable sources, not because of ideology but because of the price.

Toyborg: Now Barbie talks back with Siri-like features (Arthur Robey)

Founded in 2011, ToyTalk already produces popular animated conversational apps - among them the Winston Show and SpeakaZoo - that encourage young children to engage in complex dialogue with a menagerie of make-believe characters. Now the company's technology, originally designed for two-dimensional characters on-screen, is poised to power tangible playthings that children hold in their hands.

Later this year, Mattel plans to introduce Hello Barbie, a Wi-Fi enabled version of the iconic doll, which uses ToyTalk's system to analyse a child's speech and produce relevant responses.

Genetically-modified mosquitoes might save thousands of human lives, but is the risk too high? (westcoastjan)

Despite significant progress over the last decade, the malaria delivered by anopheles mosquitoes is still to blame for 600,000 deaths a year, predominantly among young children and pregnant women. Dengue fever spread by the Aedes aegypti species – the one targeted by the UK’s Oxitec and Prof. Whyart – kills 25,000 people annually and sickens up to 100 million more, with cases soaring 30–fold in the last five decades.

Gold & Silver

Click to read the PM Daily Market Commentary: 3/27/15

Provided daily by the Peak Prosperity Gold & Silver Group

Article suggestions for the Daily Digest can be sent to [email protected]. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the "3 Es."

5 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
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saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4163
In 20 years, the world may run out of minable gold

In 20 years, the world may run out of minable gold

Time2help's picture
Time2help
Status: Diamond Member (Offline)
Joined: Jun 9 2011
Posts: 2839
In 20 years

In 20 years, it won't matter.

concad's picture
concad
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Joined: Jul 8 2009
Posts: 4
Genetically modified Mosquitoes... but is the risk too high

Prof Scott O’Neill and his team in Australia have a program to eradicate dengue fever that does not involve genetic modification. They have inoculated the Aedes aegypti mosquito with Wolbachia bacteria a naturally occurring bacteria that can’t be passed on to humans but it prevents the mosquitoes from being infected with the virus that causes dengue fever. There are lots of ways to achieve desired results without  GM and they don’t involve IP rights. Maybe this is possible with other mosquito borne diseases.

pinecarr's picture
pinecarr
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Massive Blackout Hits Turkey...Terror Not Ruled Out

From ZH, "Massive Blackout Hits Turkey, Grounding Planes, Stopping Subways; Terror Not Ruled Out"

http://www.zerohedge.com/news/2015-03-31/massive-blackout-hits-turkey-grounding-planes-stopping-subways-terror-not-ruled-out

Ankara, we have a problem. 

At around 10:36 a.m. local time, Turkey suffered a massive power outage that left half of the country’s 81 provinces without electricity in what was the biggest blackout in a decade and a half. The blackout shut down subways in Instanbul and knocked out 11 of 16 air traffic control receivers, grounding flights to and from the capital. Although the cause is not yet known, officials haven’t yet ruled out the possibility that the blackout may be terror-related.

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