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Ahmed says...

I’m flying back to the US in a few hours.

As always, time went by so fast, I always feel I haven’t spent enough time with my family or with my friends.

Always too many things to do, too little time.

I feel so sad about what’s going on in Egypt, between the lack of democracy and the country turning into a police state, inflation and rising prices, corruption, deteriorating infrastructure and the struggles of day to day life I can understand why nobody shows any support when I say that I will eventually return and live here in a few years.

The opposition to my decision to return has been increasing among my friends over the past three years and it’s almost unanimous now and I’m sure that just as taking the decision to relocate to the US was a real tough one more than three years ago, the decision to go back to Egypt will be a tougher one to make.

This post is pretty much a sample of what’s to come, if ever, usually my posts will be a scrambled mess, my thoughts will be all over the place and it won’t be worth reading.

 

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Hickory Smoked BBQ Beef Brisket, YUM! www.q4iwr.th8.us beef bbq food recipes us

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hallopinup says...

www.carefullyconsidered.com

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Ben says...

The project, which involved a small nuclear weapon, was designed to allow one person to parachute from any type of aircraft carrying the weapon package and place it in a harbor or other strategic location that could be accessed from the sea. Another parachutist without a weapon package would follow the first to provide support as needed.

Yeah, because this sounds like it was a great idea.

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Galbi Gui Korean Grilled Beef Short Ribs www.gy3k3.th8.us beef bbq food recipes us ribs

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pic

There's a good chance the call for the Government Accountability Office to audit the U.S. Federal Reserve will lead to nothing. Still, it's a proposal worth enacting. Ron Paul, the Libertarian-leaning Republican representative from Texas, teamed up with lefty Democrat Alan Grayson of Florida to get this very good idea into the Financial Stability Improvement Act of 2009.

Some say this threatens the Fed's independence. It doesn't. Fed Chairman Ben Bernanke is a brilliant man who may well go down in history for having spared us "Depression II: Buddy Can Ya Spare An iPhone?"--but he isn't a king. He can be audited and still get his job done. The Fed might even be better off for being forced to explain itself in greater detail to the public it's supposed to serve.

When Congress created the Fed in 1913 it gave the bank a pretty wide berth--that's why it's such a powerful and flexible institution today. The Fed compromised its own independence almost immediately by colluding with the government to purchase debt directly from the U.S. Treasury in order to keep borrowing costs low, so that the government could fund its involvement in World War I. In World War II it struck a deal with the Treasury to keep borrowing costs low.

Now it's bought $1.25 trillion in debt from government-owned mortgage issuers Fannie Mae ( FNM - news - people ) and Freddie Mac ( FRE - news - people ), which is pretty much akin to buying debt from the Treasury, and it's scooped up $300 billion in bonds from the Treasury directly. When the Fed acts in concert with the Treasury it needs to be as transparent as any other government agency.

In 2000, Laurence H. Meyer, an economist who was then a Federal Reserve governor, gave a speech at the University of Wisconsin about the Fed's independence. This was after the dot-com crash but still back when people called Alan Greenspan "maestro" instead of "bubble boy." Nobody wanted to audit the Fed then. It's no fun to lift the veil on the Wizard of Oz when the Munchkins are happy.

Meyer's view of the Fed's role is nuanced. He says that its most important independent right is to dictate monetary policy in order to achieve the goals Congress sets for it, in this case, price stability and full employment.

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The Chairman, Vice Chairman and Fed governors are all presidential appointees, but they're pretty independent once they get confirmed. They can't be fired unless they commit a serious crime, so there's no worry an angry president will put them out of work for putting too many Americans on the unemployment line.

The history of presidential arm twisting is pretty tame. Requests are made and rebuffed. Bon mots are exchanged. Sometimes somebody doesn't get reappointed to a job. The Fed would pretty much have to join a foreign government to be any more independent from the political pressures of ours.

"The Congress has, over time, made efforts to increase the transparency of the monetary process and widen the scope of disclosures of monetary policy decisions and of the discussions leading up to those decisions," Meyer said. "Historically, the Federal Reserve has responded initially by trying to preserve the status quo, but over time it has come to accept and even appreciate the evolution toward greater transparency and disclosure."

So now we get to Paul and Grayson. Their proposal preserves the Fed's most important independent functions as described by Meyer. Even if this amendment becomes law, monetary policy will not be "subject to veto by the executive or legislative branches of government."

If Paul and Grayson get their way, the act would allow the GAO to audit the Fed, which it is currently forbidden from doing. It would be able to look at the assets on the Fed's balance sheet and at loans it makes and what collateral it collects. It would tell us how newly formed bank holding companies like Goldman Sachs ( GS - news - people ) are using new privileges to borrow from the Fed. It would give us greater insight into the Fed's monetary policy decisions while giving us no more influence over the outcomes.

The proposal would not make unreleased Fed minutes public, and would it would still keep Fed minutes from being released immediately (currently there's a six- to seven-week lag that the amendment preserves and actually codifies).

Meyer quipped in his speech that "the Congress keeps its part by leaving the core of our operations alone, so long as things go right, and intervening only around the edges (hearings, speeches, letters and the introduction of the occasional bill or resolution to show they remain alert to their oversight responsibilities and reflect the concerns of their constituents)."

Things have not been going right. So the Congress has a bigger job in front of it. The Paul-Grayson proposal gets it done.

Michael Maiello is editor of markets and Intelligent Investing at Forbes. An Equal Shot, his weekly column, runs Mondays. Follow him on Twitter.

Read more Forbes opinions here.

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Agnese says...

Scientific American pubblica la notizia di una ricerca (che verrà condotta dal Penn State College il prossimo anno) sull'esperienza soggettiva delle interazioni sociali: i partecipanti allo studio, in pratica, forniranno informazioni - in tempo reale, ed a quanto pare decisamente dettagliate - sul modo in cui vivono le relazioni con gli altri nella vita di tutti i giorni.

La notizia è intrigante per due motivi: in primo luogo, lo strumento di rilevazione sarà costituto da smart phones; in secondo luogo, il "tracciamento" avverrà mettendo insieme dati "soggettivi" (sentimenti e percezioni) e dati "oggettivi" (cardiovascolari e gastrointestinali).

La stessa idea di osservare gli individui nel loro contesto reale attraverso l'uso delle nuove tecnologie potrebbe naturalmente avere enormi potenzialità. Magari può far pensare al Grande Fratello, ma i partecipanti a queste ricerche sono volontari informati e consenzienti (come quelli del Grande Fratello, in effetti).

social interaction smart phoneEarly next year, 350 or so Penn State students and staff, as well as local retirees and others, will wander around State College, Pa., for three weeks, pausing intermittently to drop their heads down as they tap on smart phones to answer detailed questions about how they feel immediately after nearly every social interaction they have.

[...] The smart phones will be loaded with software that prompts subjects to regularly describe what happened in an interaction and their perceptions of their general, cardiovascular and gastrointestinal health, as well as whether specific interaction made them feel angry, happy, sad, etc., and whether they perceived the others involved as cold or friendly, dominant or submissive.

[...] In a future iteration of this study, Ram plans for subjects also to wear small, quarter-sized monitors that record heart rate and other physiological functions. They would transfer the data via Bluetooth to a smart phone that then sends the data, along with information about the environment, wirelessly to a server.

Quello che piuttosto guardo con un certo sospetto sono i tentativi di associare comportamenti sociali e mal di pancia, e l'assunzione spesso implicita in essi: i comportamenti sociali avrebbero una base - quando non una determinante - biologica.

Ora, non dubito del fatto che siamo esseri biologici, e che tutto quello che facciamo abbia per questo una base biologica. Anche la mia attuale azione di scrivere ha una base biologica: ho delle mani che si muovono e dei pensieri che si agitano grazie a sinapsi, neurotrasmettitori, cellule e molecole. Mi resta però l'idea - diciamo il pregiudizio - che scrivere sia soprattutto un fatto culturale.

Lo stesso vale per le emozioni. "Dare il nome ad una emozione" implica un (tentativo di) controllo sociale e culturale sulla stessa, una vera e propria educazione sentimentale in conseguenza della quale lo stesso comportamento - una certa irruenza sessuale ad esempio, o al contrario la "cavalleria" - potrà essere considerato romantico o offensivo dalla donzella alla quale è rivolto.

Fra gli esseri umani - e forse anche fra altri primati superiori - la selezione naturale diventa "culturale" per il tramite di valori, educazione, e persino mode: il "successo riproduttivo" di un sanguinario guerriero dipende dal contesto sociale, storico e culturale in cui vive. Per non parlare dell'attrattività esercitata dall'adipe, e/o dalle capacità intellettuali, di uomini e donne. Trovare correlazioni fra comportamenti sociali e "fatti biologici" è come trovarne fra uova e galline: qual è la causa e quale l'effetto?

Tornando alla ricerca, comunque, una delle possibili applicazioni previste dovrebbe essere quella di "guidare" o "consigliare" le persone sul comportamento da tenere in caso di difficoltà (immagino su richiesta degli interessati).

For example, if we find in the stream of data we collect that an individual has a tendency to withdraw every time he or she meets with his or her boss, we can begin providing some guidance that may help those interactions go more smoothly. Ideally we might even be able to deliver those 'micro-interventions' right on the cell phone—with a text message appearing that says, "Okay, just take a couple of deep breaths and be assertive.'"

Per migliorare il battito cardiaco, il benessere psicologico, o la vita sociale?

(l'immagine è di iStockphoto/nicolas_, nell'articolo di scientificamerican.com)

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Mountain Dew Crowdsources Agency Review and Selection
In a further development of the crowd-sourcing trend US sift drink brand Mtn Dew is ready to hand over its $100 million ad acount to an agency chosen by its consumers.

Well, BBDO still remains the AOR but this is a relatively cheap way of sourcing new creative content for the brand and keeping it relevant with its fans.

It's not the first time they've used the crowd. They currently have three crowd-sourced brands in the market pullig in some $200m in sales.

Now if this continues would that mean for the new business industry?!

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According to US columist Thomas Friedman in the NYT, if less and less US citizens believe in global warming they should at least believe in oil dependency. To simplify his point of view, the world population is to increase as never before and car sales should rocket in developing China and India especially. 

Two systemic reasons for oil prices to dramatically rise once the economic crisis is over. 

Let's be optimistic: the US might *get it* that way.

Source: http://www.nytimes.com/2009/11/18/opinion/18friedman.html?_r=3

{ NKN }

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