It’s like:
So far the market has not really been phased by the government shutdown. We have seen a small downturn this week but no large change. However if the U.S. does does not come to a consensus over the Affordable HealthCare Act and we don't raise the Debt Ceiling it could have catastrophic consequences on the economy. Most investors seem to be complacent saying that the shutdown/debt ceiling is not a reason to sell stocks. However, if the U.S. does reach what many think to be a 0% chance scenario where we are unable to pay the interest on our loans it is predicted that the S&P 500 would crash to 850, about a 50% drop. However if we do make it past this Political fiasco the economy may still have juice left to climb. I have written a few times before about KKR, as experts in the market they often provide useful insights. Alex Nevab KKR's co-head of Americas private equity said, "We actually see the economy recovering and has further to go through 2016 or 2017." KKR believes that if we do get past this debt ceiling crisis that the market was not at a low point or a high point and is showing a good environment for growth. Other notable leaders in KKR include former RNC chairman Kenneth Mehlman and General David Petraeus.
http://assetsandmanagement.blogspot.com/2013/10/if-we-ever-get-over-this-political.html
Paul Allen and the Machines: Teaching the next generation of artificial intelligence
Microsoft co-founder Paul Allen has been pondering artificial intelligence since he was a kid. In the late ’60s, eerily intelligent computers were everywhere, whether it was 2001’s HAL or Star Trek’s omnipresent Enterprise computer. As Allen recalls in his memoir, “machines that behaved like people, even people gone mad, were all the rage back then.” He would tag along to his father’s job at the library, overwhelmed by the information, and daydream about “the sci-fi theme of a dying or threatened civilization that saves itself by finding a trove of knowledge.” What if you could collect all the world’s information in a single computer mind, one capable of intelligent thought, and be able to communicate in simple human language?
Park Lake City, UT
Congratulations to American Airlines and US Airways on their merger and welcome to the NASDAQ family!
Israeli Team Heads to US to ‘Shape’ Final Iran Deal
Israeli Team Heads to US to ‘Shape’ Final Iran DealAfter Failing to Kill Interim Deal, Netanyahu…
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Google shows off updated Glass hardware with earbud and prescription support
A day after inviting members of its Explorers program to swap their old frames for new ones, Google Glass is showing the world what the latest model looks like. In a post on Google+, the company shows a slightly modified version of Glass that includes an attached mono earbud. These will also be the first models to support prescription lenses, the company said.
On Managing One’s Bank Account “Don’t get mad at the overdraft charge… No, no — see, there’s your problem. You think of it as a penalty for taking out money you don’t have, but instead, it is mi…
I dearly love to quote Shit My Dad Says, especially about money
Watch this: Bill Gates is Austin Powers and Steve Ballmer is Dr. Evil
Microsoft might be searching for a new leader, but the company has enjoyed many a comic moment over the years between current CEO Steve Ballmer and former CEO and co-founder Bill Gates. The pair have participated in a number of internal videos during their time at the software giant, some of which have made their way online or been shown at tradeshows previously.