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To: Slagle who wrote (68274)8/30/2005 8:11:19 AM
From: shades  Read Replies (1) | Respond to of 74559
 
Pimco - to keep you updated on Phil's breaking story:

forbes.com

AFX News Limited
Allianz's Pimco denies allegations it manipulated US Treasury market
08.30.2005, 04:43 AM

FRANKFURT (AFX) - Allianz AG's Pimco bond fund unit denied accusations that it manipulated the US treasury market in June, the Financial Times Deutschland reported.

It wrote that Raymond Chiu has filed a lawsuit against Pimco, alleging that it built up positions in both treasury futures and the treasury notes. Then, Pimco allegedly withheld its own treasuries from the market when others sought to buy them, driving up the price.

'This is completely without basis, and we will defend ourselves against these accusations with all available resources,' a Pimco spokesman told the newspaper.



To: Slagle who wrote (68274)8/30/2005 3:33:19 PM
From: Maurice Winn  Read Replies (1) | Respond to of 74559
 
All quite correct Slag. But increasingly, Google will generate its own knowledge base. Our DNA was built and we inherited our minds along with it. It took a billion years of filtering the DNA to find the mind. Now the mind can do genetic engineering and change to anything it likes. That guy Goedel comes in here somehow with his self-referential theorems. Ask Google about Goedel Escher Bach. Here's one link and hey presto, it is about self coming out of the murk. You see what I meant about Google having glimmerings of intelligence. en.wikipedia.org

In a human, that simple search would have been considered to show extreme intelligence. Not only did it come up with the right thing, it came up with a bonus package on exactly what I was discussing.

You can also find lots on Goedel and his self-referential ideas. In the human realm, this becomes self-reverential.

On the industrial estate, which wasn't an estate, but 100 km2 of industrial activity, I didn't mean it was humming away on ASICs and internet intelligence. It was merely a mindless monster humming away on end-stage industrial revolution technology, but even that seemed eerily lifelike in a very cold, insect kind of way [being on a cold, still, moonlit night lent effect]. An insect weighing billions of tonnes and spanning Europe is disconcerting.

These days the span is the world. In the 1990s we became used to very remote control and integration, with USA pilots now flying Predators over Iraq, while based back in Blighty. A very unusual kind of war is that!

That integrated industrial monster was little to do with what I'm thinking of now, but of course it is the same principle in operation, much the same as an ant is the same principle in operation as a person, but it lacks a mind [pretty much] and much of a sense of self.

Sure, it's the programmers and information inputters who make Google what it is, but give it a break. It's a zygote. It's only just become a public company. And wait until it joins up with its buddies and give it a couple of decades to mature, like a normal zygote gets. Then see if it isn't showing something more impressive. As if what we are already seeing isn't jaw-droppingly impressive.

What is amazing is how we are all living through the most spectacular change, not just since the industrial revolution, or since the invention of agriculture, or the wheel, or fire, or all inventions combined throughout human history, or even since sexual reproduction was invented in biology, or even the since the first DNA molecules started clipping themselves together, or even all of that combined, yet we blithely treat it all as a rather banal and irrelevant aspect of existence.

It's as if the second coming arrived and everyone yawned and went about their business as though nothing had happened. And indeed, for most people, nothing much will happen in their lives. They'll grow potatoes, argue over their pay rate, dig some trenches and arrange some advertizing, argue with their wife/husband, tell the children off, curse the government authorities giving them yet more problems, vote for more of the same, grow old and die, blissfully unaware of what's going on in the ethereal world around them and even permeating them with those wonderful CDMA/OFDM phragmented photons delivering mobile cyberspace to every nook and cranny of existence.

I think it is the second coming, or the first. It's definitely coming and It's definitely something big. Very, very big. But since it's nature in action, it's nothing to worry about. It's something to use if we can and enjoy watching if we can't, like a monster swirling galaxy swooping around another, with pulsars keeping time and black holes quantum tunnelling into hyperspace, or whatever they do. They go about their business doing that, and we eat corn and have babies.

Mqurice

PS: Grandchild number one, Hayes, is 7 weeks old and having fun!