Share to Twitter Share to Linkedin Software fragments. Not because it degrades over time and somehow crumbles away in terms of its effectiveness, or loses its ability to execute its required level of functionality and provide robust performance in a secure manner. Okay, well that too then, software does have an isotope-like radioactive half-life in that sense as well. It does break down over time unless it is augmented, enhanced and maintained - so in that sense it fragmets and crumbles. But software also fragments at the project level... and this is how we most commonly use the term, especially perhaps in open source circles. This is probably down to the fact that the open model of community-centric software application development is inherently founded in freedom and the ability to ‘skew & fork’ projects in new directions, all in the interest of innovation and user choice. If any group or body is in a position of validated oversight in order to be … [Read more...] about Why Open Source Software ‘Fragments’ – And How To Fix It
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The FTX US Proposal That Shook Congress And The Crypto Derivatives World
Share to Twitter Share to Linkedin May 2, 2022 4:41pm ET: Story updated. Last month, the Commodity Futures Trading Commission (CFTC) sought public comment on a request from FTX US to modify its derivatives clearing organization (DCO) license to offer a new kind of crypto margin trading to U.S. retail customers. FTX US is requesting the ability to use a new kind of ‘non-intermediated’ model of crypto derivatives trading, meaning there is no intermediary used to hold customer’s funds. As crypto exchanges typically take collateral from the customer directly, the FTX US model would directly custody the margin from retail customers and liquidate positions held by the exchange on a 24-7-365 basis. Under the FTX US model, the customer’s positions will be reviewed for potential margin calls every 30 seconds. Sam Bankman-Fried, the CEO of FTX, recently described this model to Congress as, “...a 24/7 risk engine that is unlike the traditional system where there … [Read more...] about The FTX US Proposal That Shook Congress And The Crypto Derivatives World
National Hydrogen Mission policy’s second part likely to be announced by December: MNRE officials
Representative image The union government is likely to release the second part of the green hydrogen policy in December this year, senior officials in the ministry of new and renewable energy (MNRE) said on October 11. The second part is expected to detail the economic benefits of manufacturing it. The Ministry of Power notified the first part of the National Hydrogen Mission policy on green hydrogen and green ammonia on February 17. The second phase was under consideration by the central government’s expenditure finance committee at the time and the ministry has said it will be announced soon. “Now the second phase or rather a comprehensive green hydrogen policy is in the final stages. It is yet to be tabled before the Cabinet though. Once it is approved by the Cabinet, the document will be notified. But, it will in fact be released in the form of one comprehensive policy document outlining India’s green hydrogen mission,” said AK Tripathi, advisor, MNRE. Green hydrogen … [Read more...] about National Hydrogen Mission policy’s second part likely to be announced by December: MNRE officials
Goldman Sachs Predicts 37 Million Jobs Lost By The End Of May
Share to Twitter Share to Linkedin TOPLINE Goldman Sachs analysts are expecting that U.S. total unemployment claims could reach 37 million for the period between March and the end of May. KEY FACTS Since the coronavirus crisis began, nearly 17 million people have applied for temporary unemployment benefits, according to data from the Labor Department; Goldman is predicting that an additional 5.5 million claims will be reported tomorrow. In March, the monthly unemployment rate inched up to 4.4% from 3.5% in February. Goldman analysts say this statistic is harder to pinpoint than weekly claims because it depends on how workers who have lost their jobs are counted; about 60% of laid-off workers were not counted in the March data because they said they either did not want a job or were no longer looking. March data lagged the current unemployment situation because the government survey was conducted in the first half of the month, before the … [Read more...] about Goldman Sachs Predicts 37 Million Jobs Lost By The End Of May
Three Numbers That Show Just How Hard Coronavirus Job Losses Are Hitting U.S. Workers
Share to Twitter Share to Linkedin As the coronavirus crisis drags on in the United States, with nearly 500,000 cases now confirmed, nonessential businesses like retailers and restaurants are shutting their doors, and workers are losing their jobs at an unprecedented rate. Under the $2 trillion emergency rescue legislation signed into law by President Trump, workers who have been laid off are eligible for enhanced unemployment benefits and $600 extra each week for the first four months. As workers are laid off by the millions, states have become overwhelmed by the volume of requests. On Wednesday, when Florida’s online and phone unemployment systems crashed due to high demand, hundreds of people waited in line in person to fill out paper forms. And New York is getting help from Google to overhaul its benefits system, which couldn’t handle the crush of new applications either. Analysts are predicting that job losses will continue to accelerate … [Read more...] about Three Numbers That Show Just How Hard Coronavirus Job Losses Are Hitting U.S. Workers