One Billion Light Years Across of Nothing
August 24th, 2007Via: Globe and Mail:
Astronomers have stumbled upon a tremendous hole in the universe. That’s got them scratching their heads about what’s just not there.
The cosmic blank spot has no stray stars, no galaxies, no sucking black holes, not even mysterious dark matter. It is 1 billion light years across of nothing. That’s an expanse of nearly 10 billion trillion kilometres of emptiness, a University of Minnesota team announced Thursday.
Astronomers have known for many years that there are patches in the universe where nobody’s home. In fact, one such place is practically a neighbour, a mere 2 million light years away.
But what the Minnesota team discovered, using two different types of astronomical observations, is a void that’s far bigger than scientists ever imagined.
“This is 1,000 times the volume of what we sort of expected to see in terms of a typical void,†said Minnesota astronomy professor Lawrence Rudnick, author of the paper that will be published in Astrophysical Journal. “It’s not clear that we have the right word yet…. This is too much of a surprise.â€
More War on the Horizon
August 24th, 2007Via: Antiwar:
No pullout from Iraq while I’m president, declares George W. Bush.
On to Iran, declares Vice President Cheney.
Israel is a “peace-seeking state” that needs $30 billion of US taxpayers’ money for war, declares State Department official Nicholas Burns.
The Democratic Congress, if not fully behind the Iraqi war, at least no longer is in the way of it.
Nor are the Democrats in the way of the Bush regime’s build up for initiating war with Iran.
The Bush regime says it is going to designate part of Iran’s military – the Revolutionary Guards – a terrorist organization, whose bases and facilities Bush intends to bomb along with Iran’s nuclear energy sites. Three US aircraft carrier strike forces are deployed off Iran. B-2 Stealth Bombers are being fitted to carry 30,000 pound “bunker-buster” bombs to use against hardened sites. Politicized US generals assert that Iran is providing arms and aid to the Iraqi resistance to the US occupation. The media is feeding the US population the same propaganda about nonexistent Iranian weapons of mass destruction that they fed us about nonexistent Iraqi weapons of mass destruction. A former CIA Middle East field officer, Robert Baer, has written in Time magazine that the Bush regime has decided to attack the Revolutionary Guards within the next 6 months. Remember the “cakewalk war”? Well, this time the neocons think that an attack on the Revolutionary Guards will free Iran from Islamic influence and cause Iranians to back the US against their own government.
Lies, unprovoked aggression, and delusional expectations – the same ingredients that produced the Iraq catastrophe – all over again. The entire Bush regime and both political parties are complicit, along with the media and US allies.
Mother Teresa Doubted the Existence of God
August 24th, 2007I wonder: How many saints felt the same way as Mother Teresa?
Via: CBS:
In life, she was an icon for believers of God’s work on Earth. Her ministry to the poor of Calcutta was a world-renowned symbol of religious compassion. She was awarded the Nobel Peace Prize.
Mother Teresa had a calling, she told CBS News in a rare interview, based on unquestioned faith.
“They are all children of God, loved and created by the same heart of God.”
But now, it emerges that Mother Teresa was so doubtful of her own faith that she feared she was being a hypocrite, reports CBS News correspondent Mark Phillips. In a new book that compiles letters she wrote to friends, superiors and confessors, her doubts are obvious.
Shortly after beginning work in Calcutta’s slums, the spirit leaves her.
“Where is my faith?” she writes. “Even deep down … there is nothing but emptiness and darkness. … If there be God — please forgive me.”
Eight years later, she’s still looking for the belief she’s lost.
“Such deep longing for God,” she writes. “… repulsed, empty, no faith, no love, no zeal.”
As her fame increased, her faith refused to return. Her smile, she says, is a mask.
“What do I labor for?” she asks. “If there be no God, there can be no soul. If there be no soul then, Jesus, You also are not true.”
“These are letters that were kept in the archbishop’s house,” says the Rev. Brian Kolodiejchuk.
The letters were gathered by Rev. Kolodiejchuk, the priest who’s making the case to the Vatican for Mother Teresa’s proposed sainthood. He says her obvious spiritual torment actually helps her cause.
“Now we have this new understanding, this new window into her interior life, and for me this seems to be the most heroic,” says Rev. Kolodiejchuk.
According to her letters, Mother Teresa died with her doubts. She had even stopped praying, she once said.
The church decided to keep her letters, even though one of her dying wishes was that they be destroyed. Perhaps now we know why.
UK: Tracking Bugs in School Blazers
August 23rd, 2007Via: Guardian:
A school uniform maker said yesterday it was “seriously considering” adding tracking devices to its clothes after a survey found many parents would be interested in knowing where their offspring were.
Trutex would not say whether it was studying a spy in the waistband or a bug in the blazer but admitted teenagers were less keen than younger children on the “big brother” idea.
The Lancashire company, which sells 1m blouses, 1.1m shirts, 250,000 pairs of trousers, 200,000 blazers, 60,000 skirts and 110,000 pieces of knitwear each year, commissioned an online survey for 809 parents and 444 children aged between nine and 16. It said 44% of the adults were worried about the safety of pre-teen children and 59% would be interested in satellite tracking systems being incorporated in schoolwear. While nearly four in 10 pupils aged 12 and under were prepared to go along with the idea, teenagers were more wary of “spying”.
Clare Rix, the marketing director, said: “As well as being a safety net for parents, there could be real benefits for schools who could keep a closer track on the whereabouts of their pupils, potentially reducing truancy levels.’
Lehman Brothers Shuts Down Subprime Unit, Fires 1,200
August 23rd, 2007Via: Bloomberg:
Lehman Brothers Holdings Inc., the biggest underwriter of U.S. bonds backed by mortgages, became the first firm on Wall Street to close its subprime-lending unit and said 1,200 employees will lose their jobs.
…
BNC made about $2 billion of loans in the first quarter, down 40 percent from a year earlier, according to industry newsletter National Mortgage News. The unit’s 23 offices in eight states will be closed.
Lehman said in June that it would merge BNC and Aurora within three months, eliminating 400 jobs. Aurora originated $7 billion of Alt-A loans to better-rated borrowers in the first quarter, down from $10 billion, National Mortgage News reported.
Late Loans Soar on Troubled Mortgages
August 23rd, 2007Via: Yahoo / Reuters:
The Federal Deposit Insurance Corporation said on Wednesday delinquent loans at U.S. banks jumped 36 percent to $66.9 billion in the second quarter, the biggest quarterly increase since 1990, largely fueled by unpaid real estate loans.
Rising U.S. home foreclosures and problems in the subprime mortgage market have spilled into broader financial markets in recent weeks.
In a sign of the distress borrowers are facing, U.S. banks’ delinquent or noncurrent loans hit $66.9 billion at the end of the second quarter, up 36 percent from a year ago and up 10.6 percent from the end of the first quarter, the FDIC said.
The rise was the largest quarterly jump since the fourth quarter of 1990, the agency said. The second-quarter figure also represented the largest 12-month increase since 1991.
Noncurrent loans are those for which payments are overdue by at least 90 days.
“We remain vigilant,” FDIC Chairman Sheila Bair told a news conference on the data. “We are closely monitoring the situation in the markets as well as individual institutions.”
Accredited Home Lenders Shuts Down
August 22nd, 2007Mortgage company collapse of the day…
Via: AP:
Accredited Home Lenders Holding Co. plans to shut down most of its business to survive the troubles in the home lending industry, the company said Wednesday.
Accredited Home Lenders said it will cut its work force to 1,000 people — from 2,600 at the end of June — and close 65 branches. The company will immediately stop accepting applications for home loans in the U.S., though it will honor the loans it has already committed to finance.
The company will close its retail lending business, which issues home loans directly to consumers. Accredited is also scaling back much of its wholesale lending division, which issues mortgages through brokers. The company will close five of its 10 brokered loan offices and lay off about three-fifths of the unit’s workers.
Accredited Home Lenders, which issued $15.77 billion in home loans last year, said shutting down most of its business is necessary to navigate the turbulence in the mortgage industry.
Stung by decaying credit quality and a newfound fear of risk on Wall Street, mortgage lenders across the industry have struggled to raise cash this year.
More than 50 lenders have gone bankrupt this year, including two of the nation’s 10 biggest.
Wells Fargo: WTF?
August 22nd, 2007I’d really like to know more about the nature of what actually happened with this Wells Fargo disaster.
Redundancy is one of the main characteristics of mission critical systems. Wipe one box off the face of the earth, and there could be one, ten or dozens more, in different locations, waiting to take up the slack—and without even skipping a beat. It is incomprehensible that Wells Fargo’s core transaction processing capabilities were reliant on a single set of servers.
Wells Fargo said that they had to recover from tape, but WTF happened to the redundant nodes?
Via: Computer World:
Wells Fargo & Co. customers may have a hard time getting an up-to-date balance statement today, as the nation’s fifth-largest bank continues to iron out service problems related to a Sunday computer failure.
The outage knocked the company’s Internet, telephone and ATM banking services offline for several hours, and Wells Fargo customers continued to experience problems today.
Wells Fargo didn’t offer many details about the system failure, but it was serious enough that the company had to restore from backup.
“Using our backup facilities, we restored Internet banking service in about one hour and 40 minutes,” the company said in a statement today. “We thank the hundreds of team members in our technology group for working so hard to resolve this problem.”
Other banking services such as point-of-sale transactions, loan processing and wire transfers were also affected by the outage, and while all systems are now fully operational, some customers may continue to see their Friday bank balances until the end of the day, Wells Fargo said.
Customers couldn’t perform transactions during the outage, but the company’s Web site was not knocked offline, according to data from Netcraft Ltd., a Bath, England-based Web analysis firm.
“We apologize for the inconvenience this caused,” the Wells Fargo statement said. The company did not return a telephone message seeking additional information about the outage.
Fiber-Optic Cables Near Cleveland Sabotaged
August 22nd, 2007Via: Network World:
ISPs in the U.S. experienced a service slowdown Monday after fiber-optic cables near Cleveland were apparently sabotaged by gunfire.
TeliaSonera, which lost the northern leg of its U.S. network to the cut, said that the outage began around 7 p.m. Pacific Time on Sunday night. When technicians pulled up the affected cable, it appeared to have been shot. “Somebody had been shooting with a gun or a shotgun into the cable,” said Anders Olausson, a TeliaSonera spokesman.
The damage affected a large span of cable, more than two-thirds of a mile [1.1 km] long, near Cleveland, TeliaSonera said.
The company declined to name the service provider whose lines had been cut, but a source familiar with the situation said the lines are owned by Level 3 Communications. Level 3 could not be reached immediately for comment.
Cogent Communications warned that some customers may be experiencing disruptions because network lines had been cut somewhere between Montville, Ohio, and Cleveland. “Splice crews are currently doing preparation work on the new fiber cable before splicing begins to resolve the outage,” Cogent said in a note to customers.
According to Keynote Systems’ Internet Pulse Report, Cogent was experiencing significant latency problems on Monday.
Research Credit: ON
Capital One Down for the Count; to Cut 1,900 Jobs
August 21st, 2007Via: Newsday:
Turmoil in the financial markets claimed another company with workers in the metropolitan area Monday as Capital One Financial Corp. closed down GreenPoint Mortgage, a mortgage banker with operations in 31 states.
Capital One, which acquired GreenPoint when it bought Melville-based North Fork Bancorp last year, said about 1,900 employees nationwide will lose their jobs, including the 120 who work in GreenPoint’s Melville and Manhattan locations, its only offices in New York State.
In an announcement made after stock markets closed, McLean, Va.-based Capital One said that although GreenPoint Mortgage will immediately stop making new residential mortgage loans, it will continue to meet its contractual obligations for loans with locked rates that are already in the pipeline. The company will continue to service existing mortgages at a location in Columbus, Ga.
Richard Fairbank, Capital One’s chief executive, said in a memo to employees that the decision to close GreenPoint Mortgage was “very difficult” and was caused by “unprecedented disruption” in the markets where mortgage loans are sold to investors after they are made.


