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Technology Friday
Author: BobR    Date: 05/07/2010 10:31:22

As most of you reading this know, I am a techno guy. I've always loved science; I used to build model rockets, and read Scientific American when I was in High School. I designed and coded the software for this blog. I make my living in the software industry. But science and technology are a double-edged sword when you count on them, and sometimes cause more problems than they fix.

The big story yesterday was the stock market crash (and rebound) that took everyone's breath away. It fell 1000 points in less than 30 minutes, and then rebounded for a 300 point loss. The common wisdom is that it was news from Greece that caused the drop. However, further review seems to indicate it might have been triggered by a typo:
No one was sure what happened, other than automated orders were activated by erroneous trades. One possibility being investigated was that a trader accidentally placed an order to sell $16 billion, instead of $16 million, worth of futures, and that was enough to trigger sell orders across the market.

Automated trades, selling off stocks, dropped the DOW by 1000 points. This is progress?... Robots running Wall St.? On the plus side, all that technology is allowing the NASDAQ to roll back all those trades created by the mistake. Not sure if the traders that made a few bucks in that 20 minutes are going to be happy about that.

Even the high tech gear available for finding oil beneath a sea bed, and drilling down to extract it wasn't good enough to prevent one of the worst environmental disasters of our lifetime. The shutoff valve didn't work and nothing else is really helping to staunch the oil flow, so they're resorting to the high-tech solution of dropping a 100 ton concrete and steel box on it:
If it works, the system could collect as much as 85 percent of the oil that's been leaking from the ocean floor after the Deepwater Horizon rig exploded April 20, killing 11 workers.

More than 200,000 gallons of oil a day is pouring from the well.

So if it captures 85%, that means that 15% will still escape, and 15% of 200,000 gallons/day works out to... (*click click*... carry the 2...) oh yeah - 30,000 GALLONS OF OIL / DAY! Hey, that's a great solution there.

But these little setbacks aren't going to stop the inexorable march of science to find solutions for things that REALLY matter, like.. oh, I don't know... how about creating mind-reading bots so we don't have to do those soul-draining manual tasks like pushing the buttons on the TV remote:
While the U.S. Army actively pursues “thought helmets” that might someday lead to secure mind-to-mind communication between soldiers, the Japanese are going after the consumer market. The aim is to produce BMI technology to change TV channels or to use mobile phones to send text messages composed by thought alone.

Of course, that first line says it all - the U.S. is always trying to militarize the technology. The Japanese make it into commercial products that make their country wealthy, and we turn it into a weapon that sucks our treasury and our souls dry. It will only be a matter of time before "thought crime" becomes a reality, and hackers learn to hack into those supposed "secure communications".

So what can we do to help the tech companies here compete with Japan and keep some of those consumer dollars here at home? Perhaps by stealing their talent? An interesting wrinkle in the immigration reform debate revolves around HIB visas:
The technology sector, a little-publicized but key player in the coalition that's pushing for an overhaul of immigration laws, has given mixed reviews to the proposal that Senate Democrats unveiled last week.
[...]
"Congress created the H-1B visa program so an employer could hire a foreign guest worker when a qualified American worker could not be found," he said. "However, the H-1B visa program is plagued with fraud and abuse and is now a vehicle for outsourcing that deprives qualified American workers of their jobs."

Tech industry representatives disagreed.

Yeah? Well tech workers disagree with the Tech industry. There are plenty of us around in need of work. You should hire us - we speak English and don't have paperwork problems.

Otherwise, that mind-reading bot will be talking to your brain with an Indian accent, right before it malfunctions and short-circuits your microwave.

 

30 comments (Latest Comment: 05/08/2010 02:19:01 by Will in Chicago)
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Comments:

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Comment by wickedpam on 05/07/2010 12:34:55
Morning



Speaking of technology, I'm so happy to have internet this morning! Felt so disconnected from everything yesterday

Comment by Raine on 05/07/2010 12:47:00
Happy Friday!



Nice to see you back Mala. It's amazing how much the innertubes are a part of our lives, isn't?

Comment by wickedpam on 05/07/2010 12:55:01
Tell me about it! Doesn't help I'm not feeling good on top of it

Comment by TriSec on 05/07/2010 13:16:12
*grunt*.



I hate everything today. Pfft.





Comment by Raine on 05/07/2010 13:25:41
He threw his staff under the bus? That sounds painful.

Comment by wickedpam on 05/07/2010 13:26:40


Comment by wickedpam on 05/07/2010 13:42:58
Hey Raine - have you checked etsy for a wallet?

Comment by TriSec on 05/07/2010 13:56:24
I'm not even impressed by "Marine Week" in town... There's been V-22s flying around the city (something I had never seen in the sky until this week)



Big Whoop. It's only going to kill people.



Similar to what Bob said....we've got all this cool aviation technology out there, and the military perverts it all for war. Meanwhile, the best Boeing can come up with for the civilian market is a re-engined 767. (That's essentially all the "Dreamliner" is, despite all the breathless marketing.)



Did you ever get the impression that America has been stagnating since July 20, 1969?









Comment by Raine on 05/07/2010 14:03:14
Well in line with todays blog... New recycling bins with tracking chips coming to Alexandria



I don't see how this is good for anything, especially that people are going to have to pay 9 dollars for one. I don;'t mind the paying so much as I hate the waste of paying for a bin with a frucking CHIP!

Comment by Raine on 05/07/2010 14:05:42
Quote by wickedpam:

Hey Raine - have you checked etsy for a wallet?


Oh that's a good idea!

Comment by TriSec on 05/07/2010 14:09:12
BTW, I'm so proud of my Junior Senator.



Asshat.





Comment by wickedpam on 05/07/2010 14:09:29
Quote by Raine:

Quote by wickedpam:

Hey Raine - have you checked etsy for a wallet?


Oh that's a good idea!




- they seem to have everything anyone can think of there

Comment by Raine on 05/07/2010 14:22:47
Quote by TriSec:

BTW, I'm so proud of my Junior Senator.



Asshat.



Do not feed the TriSec today.



Comment by Scoopster on 05/07/2010 14:45:52
Morning all & Happy Fridee!!!

Comment by livingonli on 05/07/2010 14:48:35
Good morning everyone. Feeling a little sleepy this morning mostly sluggish though.

Comment by Will in Chicago on 05/07/2010 15:43:27
Good morning, bloggers! BobR, thanks for a great blog.



I hope that everyone is well.



I wonder how much the disaster in the Gulf of Mexico will cost us in terms of not dollars, but ruined lives and livelihoods?

Comment by Raine on 05/07/2010 15:43:52
caller just went and got nasty.





Comment by Scoopster on 05/07/2010 17:16:47
Comment by BobR on 05/07/2010 17:42:58
Quote by Scoopster:

Excellent!






I'm reposting elsewhere

Comment by TriSec on 05/07/2010 17:59:28
Comment by Scoopster on 05/07/2010 18:46:46
Comment by Raine on 05/07/2010 19:05:55
He's a lucky dude. Good thing God was looking out for him...



Comment by livingonli on 05/07/2010 19:19:56
I'm too pooped to bounce.

Comment by Will in Chicago on 05/07/2010 19:25:19
Hawke posted this over at UNN (There is a video link):



Police to Suspect: I'll stomp the Mexican PISS out of you homey!



I know that police officers have hard jobs but this should never have happened.

Comment by Raine on 05/08/2010 00:15:28
Quote by Will in Chicago:

Hawke posted this over at UNN (There is a video link):



Police to Suspect: I'll stomp the Mexican PISS out of you homey!



I know that police officers have hard jobs but this should never have happened.




Nope. But we knew this would happen, Will. We knew.

Comment by Scoopster on 05/08/2010 00:39:36
Ahhh what a day!



Yanks-Sox or Bruins-Flyers? How 'bout both!

Comment by Scoopster on 05/08/2010 01:07:19
Eeeek.. Beckett got ugly reaaal quick.

Comment by trojanrabbit on 05/08/2010 02:03:14
Quote by Scoopster:

Eeeek.. Beckett got ugly reaaal quick.




They're all catching Matsuzaka Syndrome.



Comment by trojanrabbit on 05/08/2010 02:08:27
Very late to bloggie tonight.



Got a text message on my phone this morning that was apparently sent yesterday saying my Dad was taken back to the hospital. Apparently the pneumonia is back. Saw him tonight and he looked good and is in good spirits, he'll probably be there through the weekend then he'll be in a rehab center for a couple of weeks.

Comment by Will in Chicago on 05/08/2010 02:19:01
Quote by Raine:

Quote by Will in Chicago:

Hawke posted this over at UNN (There is a video link):



Police to Suspect: I'll stomp the Mexican PISS out of you homey!



I know that police officers have hard jobs but this should never have happened.




Nope. But we knew this would happen, Will. We knew.




Yes, and I wonder what will happen next.



Trojan, best wishes to your Dad.