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November 12, 2009
North Dakota might be the butt of many
jokes. It also might have the solution to many of the financial and banking problems facing our largest states. The
Bank of North Dakota is the only state owned and operated bank in the USA.
Some see it as a model for the future of banking.
posted by Xurando at 5:38 PM PST - 29 comments
Ten years ago today the government reversed one of the key elements of the Depression-era banking laws, knocking down the firewall between commercial banks, which take deposits and make loans, and investment banks, which underwrite securities. The repeal of the Glass-Steagall Act of 1933 was seen at the time as a way to help American banks grow larger and better compete on the world stage. [more inside]
posted by HP LaserJet P10006 at 3:30 PM PST - 22 comments
The Mandelbulb "The original
Mandelbrot is an amazing object that has captured the public's imagination for 30 years. It's found by following a relatively simple math formula. But in the end, it's still only 2D and flat - there's no depth, shadows, perspective, or light sourcing. What we have featured in this article is a potential 3D version of the same fractal."
posted by dhruva at 10:06 AM PST - 117 comments
Crime: A Tale of Two Cities. When "The Wire" gained popularity in Great Britain, we were contacted by a London-based journalist who proposed a job swap. Mark Hughes, a crime reporter with The Independent, a national newspaper in the United Kingdom, wanted to come to Baltimore to see if the city’s police officers, drug dealers, prosecutors and politicians bore any resemblance to those on show. We agreed to complete the exchange by sending our police reporter, Justin Fenton, to London to compare crime trends. [more inside]
posted by HumanComplex at 7:54 AM PST - 30 comments
During the last week, a senior detective in Novorossiysk, Russia named
Alexei Dymovsky had a viral hit on YouTube with a series of videos (in Russian:
1,
2. With
English subtitles: 1) complaining about working conditions, accusing officers of corruption, and claiming that he and other police were ordered to stage crimes in order to put innocent people in jail. Dymovsky was promptly fired, but the Russian government has since admitted that parts of the police have been turned into
criminal businesses. More
here and
here.
posted by twoleftfeet at 3:40 AM PST - 11 comments