[EAS]...stranger than fiction
pjk
pjk at design.eng.yale.edu
Wed Jul 30 03:09:35 EDT 2003
Subject: ...stranger than fiction
(from NewsScan Daily, 29 Jul 2003)
PENTAGON'S ONLINE TRADING MARKET PLAN DRAWS FIRE
The U.S. Defense Department's Defense Advanced Research Projects
Agency (DARPA) has plans to set up an online Policy Analysis Market
that will allow traders to bet on the likelihood of future
terrorist attacks and political assassinations in the Middle East.
The bizarre scheme has drawn fire from Senators Ron Wyden (D-Ore.)
and Byron Dorgan (D-N.D.). "The idea of a federal betting parlor on
atrocities and terrorism is ridiculous and it's grotesque," said
Wyden, while Dorgan described the plan as "useless, offensive and
unbelievably stupid. How would you feel if you were the King of
Jordan and you learned that the U.S. Defense Department was taking
bets on your being overthrown within a year?" However, the Pentagon
defended the initiative, comparing it to commodity futures markets.
"Research indicates that markets are extremely efficient, effective
and timely aggregators of dispersed and even hidden information.
Futures markets have proven themselves to be good at predicting
such things as election results; they are often better than expert
opinions." The market would allow traders to deposit money in an
account and then use it to buy and sell contracts. If a particular
event comes to pass, the bettors who wagered correctly would win
the money of those who guessed wrong. (BBC News 29 Jul 2003)
http://news.bbc.co.uk/1/hi/world/americas/3106559.stm
E-MAIL DOWNTIME MORE STRESSFUL THAN DIVORCE?
A study sponsored by data-storage firm Veritas Software found that
for 34% of chief information officers and IT managers, a weeklong
failure of the corporate e-mail system would be more traumatic than
a minor car accident, moving to a new home, or getting married or
divorced. Smooth-running e-mail systems are essential to the
enterprise, and 68% of the companies polled reported workers
becoming irate within as little as 30 minutes after an e-mail
system goes down. In the case of a failure lasting as long as 24
hours, one fifth of IT managers said their jobs would be on the line
at that point. "E-mail has become far more than a communication
tool, placing a huge responsibility on organizations to ensure that
e-mail is always available," says Mark Bregman, Veritas' executive
VP for product operations. "When IT managers fail to keep the
systems running, they inhibit the ability of the entire
organization to conduct business." (CNet News.com 28 Jul 2003)
http://news.com.com/2100-1011_3-5056446.html?tag=fd_top
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Oh dear, two "get a life" items worthy of a Bill Maher comic
routine. Reality continues to warp. And though I'm certainly a heavy
email user, it's not a relationship I rank with life's joys and
tragedies. --PJK
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