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TJ Parker

10/25/08 12:24 AM

#601689 RE: federal reserves #601688

unfortunately the computer was in development since ww2. the internet was in development since the early 80s. financial engineering was growing during the 90s. what's been in development over the last decade that's ready to break out at this time? research funding has been cut way back during the bush years: nsf budget sucks and darpa, which funded much of the early internet and computing research, was redirected towards short-term goals rather than blue-sky research projects. bell labs closed up shop and "research" in industry has generally had a short timeframe. i don't see anything ready to break out. the bush years have been a period of little progress. perhaps ironically, the market has erased all gains of that period as well.
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zigzagman

10/25/08 11:53 AM

#601692 RE: federal reserves #601688

The only thing in the 'energy' field~

That can save the world now would be if they could get COLD FUSION to work! But would it save us or not? The economies of the oil producing countries would eventually be devastated, as it would take many years to build the infrastructure to be useable. It would be great for the planet to have a nearly free, totally clean energy source. We can dream can't we?