A substantial number of the world’s wealthiest people have moved their money out of stocks and bonds and into cash, the head of HSBC’s Swiss private banking unit said on Monday. “The first half of 2008 has seen a notable change in client expectations and investment choices,” said Peter Braunwalder, chief executive of HSBC Private [...]

http://www.akvo.org/blog/?p=151 Short, what-the-heck-is-this-thing movie brief. Paritcularly notable for the amazing screen cap of Kiva.org’s homepage on a day when they were full – every loan they had to give was fully funded, there was no place to put more money. Astonishingly hopeful for the whole interaid enterprise.

Now the central bank needs an infusion of capital. Central banks can, of course, print more money, but that would stoke inflation. Instead, the People’s Bank of China has begun discussions with the finance ministry on ways to shore up its capital, said three people familiar with the discussions who insisted on anonymity because the [...]

http://science.slashdot.org/article.pl?sid=08/08/08/207227&from=rss – fat statistical analysis on HIV http://science.slashdot.org/article.pl?sid=08/08/10/1849255&from=rss – webcams for remote diagnosis See supercomputer applications for the developing world for context.

Consider: My niece was born in April (woohoo!) She was born on American soil. This means she’s American, and, adjusting for inflation, she can expect to be personally on the hook for more than $65,000 in federal debt the day she starts her first high school McJob at 14. … My niece was born into [...]