Word: systemic
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...wanted to answer. So, he did not. He had learned the lesson that transparency only leads to a call for more transparency and then there is no end to explaining what should be explained to Congress and taxpayers about how the billions of dollars meant to rescue the financial system are being used...
What Geithner has found out, most of all, is that he has his interrogators cornered. Each and every one of them knows that the banking system cannot be allowed to fail and that no one is certain how to fix it. Too much criticism could lead to public anxiety about the entire set of programs meant to repair the broken financial and credit markets and suddenly there may be much more to fear than fear itself...
...laptop computers, the iPhone - the national power grid we plug them into is almost as old and unchanged as Edison's lightbulb. We rely on the grid to juice everything from vacuum cleaners to dialysis machines, but it is a dinosaur, a leaky, money-wasting, carbon-dioxide-spewing system that remains shockingly vulnerable to accidents and terrorist attacks...
...carbon emissions - simply by improving the grid, before we even begin to clean up our energy sources. The key is to add 21st century speed and intelligence (i.e., the Internet) to the 20th century infrastructure of the power grid - voilà, a "smart grid." The result would be a system that allows power utilities to remotely detect and respond to outages; that lets consumers program their appliances to use electricity when it's most abundant, allowing power companies to reduce waste; and through which new sources of alternative power could be channeled into the towns and cities that need...
Silver Spring is by far the smallest player in the Energy Smart Miami initiative, but its contributions are key. The Silicon Valley startup will supply the software that will make the smart grid smart, using the open technology platform Internet Protocol to send data through the system. Although using an open platform has made some experts concerned about the security of a smart grid, Lang points out that his company's software will make it easier to adapt the grid to new technologies - smart appliances, plug-in cars - that might arise down the road. "This is going...