I was amazed to see that they had 90 some odd stocks in the DJIA oil and Gas index.... everything from E&P; oil service, integrated energy companies, NG focused; power generation companies. By the time I got to the bottom of the spreadsheet showing the component companies, I was sure I saw a mention of the Kitchen Sink energy company.....
It's like herding cats to get all that stuff to move in the same direction on a week to week basis. Some of those little kitties have a mind of their own -g-
I think we all need jobs creating even more complicated ETF's, indicies and all these other fabulous synthetic products..... and just think without the Computer microprocessor and the World Wide Web none of this would be feasible.
Amazing time to be alive. and in my this is way out of left field comment of the day
we should give posthumous o's to Dr Vannevar Bush came up with a World Wide Web indexing concept back in the 1930's
-----
Vannevar Bush (March 11, 1890 – June 28, 1974; pronounced "VAN-ee-var", IPA: ['væ?ni?.var]) was an American engineer and science administrator known for his work on analog computing, his political role in the development of the atomic bomb, and the idea of the memex, which was seen decades later as a neering concept for the World Wide Web.
A leading figure in the development of the military-industrial complex and the military funding of science in the United States, Bush was a prominent policymaker and public intellectual ("the patron saint of American science") during World War II and the ensuing Cold War [1], andwas in effect the first presidential science advisor. Through his public career, Bush was a proponent of democratic technocracy and of the centrality of technological innovation and entrepreneurship for both economic and geopolitical security.
...............
The Memex
Bush introduced the concept of what he called the memex in the 1930s, a microfilm-based "device in which an individual stores all his books, records, and communications, and which is mechanized so that it may be consulted with exceeding speed and flexibility."
After thinking about the potential of augmented memory for several years, Bush set out his thoughts at length in the essay "As We May Think" in the Atlantic Monthly which is described as having been written in 1936 but set aside when war loomed. He removed it from his drawer and it was published in July 1945. In the article, Bush predicted that "Wholly new forms of encyclopedias will appear, ready made with a mesh of associative trails running through them, ready to be dropped into the memex and there amplified." A few months later (10 September 1945) Life magazine published a condensed version of "As We May Think," accompanied by several illustrations showing the possible appearance of a memex machine and its companion devices. This version of the essay was subsequently read by both Ted Nelson and Douglas Engelbart, and was a factor in their independent formulations of the various ideas that became hypertext.
so he came up with that little Gem.... and and has got that going for him..... which is nice. -g-
Michael Buckland, a library scientist, regards the memex as severely flawed and blames it on a limited understanding by Bush of both information science and microfilm[citation needed]. Bush did not refer in his popular essay to the microfilm-based workstation proposed by Leonard Townsend in 1938, or the microfilm- and electronics-based selector described in more detail and patented by Emmanuel Goldberg in 1931[citation needed]. The memex is still an important accomplishment, because it directly inspired the development of hypertext technology
en.wikipedia.org
-------------------------------
all of the guys in MJ - 12 seemed like they were pretty smart cookies:
All the alleged original members of MJ-12 were notable for their military, government, and/or scientific achievements, and all were deceased when the documents first surfaced (the last to die was Jerome Hunsaker, only a few months before the MJ-12 papers first appeared).
The original composition was six civilians (mostly scientists), and six high-ranking military officers, two from each major military service. Three (Souers, Vandenberg, and Hillenkoetter) had been the first three heads of central intelligence. The Moore/Shandera documents did not make clear who was the director of MJ-12, or if there was any organizational hierarchy.
The named members of MJ-12 were:
Rear Adm. Roscoe H. Hillenkoetter: first CIA director
Dr. Vannevar Bush: chaired wartime Office of Scientific Research and Development and predecessor National Defense Research Committee; set up and chaired postwar Joint Research and Development Board (JRDB) and then the Research and Development Board (RDB); chaired NACA; President of Carnegie Institute, Washington D.C.
James Forrestal: Secretary of the Navy; first Secretary of Defense (replaced after his death on MJ-12 by Gen. Walter Bedell Smith, 2nd CIA director)
Gen. Nathan Twining: headed Air Materiel Command at Wright-Patterson AFB; Air Force Chief of Staff (1953-1957); Chairman of Joint Chiefs of Staff (1957-1961)
Gen. Hoyt Vandenberg: Directed Central Intelligence Group (1946-1947); Air Force Chief of Staff (1948-1953)
Gen. Robert M. Montague: Guided missile expert; 1947 commander of Fort Bliss; headed nuclear Armed Forces Special Weapons Center, Sandia Base
Dr. Jerome Hunsaker: Aeronautical engineer, MIT; chaired NACA after Bush
Rear Adm. Sidney Souers: first director of Central Intelligence Group, first executive secretary of National Security Council (NSC)
Gordon Gray: Secretary of the Army; intelligence and national security expert; CIA psychological strategy board (1951-1953); Chairman of NSC 5412 Committee (1954-1958); National Security Advisor (1958-1961)
Dr. Donald Menzel: Astronomer, Harvard; cryptologist during war; security consultant to CIA and NSA
Dr. Detlev Bronk: Medical physicist; aviation physiologist; chair, National Academy of Sciences, National Research Council; president Johns Hopkins & Rockefeller University
Dr. Lloyd Berkner: Physicist; radio expert; executive
secretary of Bush's JRDB
According to other sources[citation needed] and MJ-12 papers to emerge later[citation needed], famous scientists like Robert Oppenheimer, Albert Einstein, Karl Compton, Edward Teller, John von Neumann, and Wernher von Braun were also involved with MJ-12.
also from Wikipedia........
JP |
