Word: complexers
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...position trading in so-called "plain vanilla" stock futures in European markets. He earned a salary of about 100,000 euros (about $147,000). In his new job, he began trading far beyond his responsibilities, racking up debts as global markets gyrated. To cover his losses, he created complex fictitious trades, until the losses appeared to spiral out of control. Said Kinner Lakhani, a London-based analyst for the Dutch bank ABN Amro, who covers Société Générale: "It was out of the realms of anyone's expectation...
...Creating such small, single-purpose organisms is nowhere near as complex as creating larger, multicelled creatures - things with mobility, behavior, a purpose, a face. Those fanciful and frightful things are surely many years away and may prove too challenging and disturbing for society to allow. What Venter appears to have done, however, is crack the manufacturing code. Once you've done that, there may be little limit on what you can eventually build...
...Technology, says Tony Whitfield, chair of product design at Parsons The New School for Design, is also playing a role in the current trend. "If you look at the proliferation of [the designs] over the past few years, it goes with digital technologies that allow designers to do fairly complex kinds of patterning and laser cutting," he says. The intricate flora-and-fauna-filled curtains of Dutch designer Tord Boontje, who has made florals cool to a new generation, would be virtually impossible otherwise...
...phone as a clock, and when its battery petered out because her charger didn't fit the wall socket, she lost all track of time. She didn't know how to let her relatives know she had arrived safely in the U.S. Police patrol cars appeared regularly at the complex, and loud fights broke out in the hallways. Even the boisterous schoolkids getting off the bus, clowning and shrieking, spooked...
...year. Recruits from families with annual incomes below $60,000 are over-represented in uniform, the study says, while those from families earning more are under-represented. The higher-income, better-educated recruits are especially prized by the Army because they have the skills needed to master the increasingly complex equipment that now accompanies a military force onto the battlefield. Army officials have acknowledged the steady slide in recruit quality, but insist that no unqualified soldiers are being sent into combat...