Big Banks Face Another Round of U.S. Charges


By Ben Protess and Jessica Silver-Greenberg – With evidence mounting that a number of foreign and American banks colluded to alter the price of foreign currencies, the largest and least regulated financial market, prosecutors are aiming to file charges against at least one bank by the end of the year.

Yet the breadth of the suspected wrongdoing in the currency inquiry — Deutsche Bank, Citigroup, JPMorgan Chase, Barclays and UBS are among the dozen or so banks under investigation — might distinguish it from the piecemeal nature of the crisis-era investigations. more> http://tinyurl.com/msouwc6

Why Dreaming About The Future Makes You Less Likely To Achieve Your Goals


BOOK REVIEW

Rethinking Positive Thinking: Inside the New Science of Motivation, Author: Gabriele Oettingen.

By Lindsay LaVine – “Dreaming is important.”

“Dreaming is a way we can mentally explore future possibilities. For that, dreaming is very good.” Where we run into trouble, Oettingen says, is when we forget about the obstacles and temptations that arise along the way.

The process can be broken down into four steps, known as “WOOP” (Wish, Outcome, Obstacle and Plan). more> http://tinyurl.com/o6dfesm

Blue LED breakthrough for efficient electronics


R&D – OLEDs (organic light emitting diodes) are the latest and greatest in television technology, allowing screens to be extremely thin and even curved, with little blurring of moving objects and a wider range of viewing angles. In these “RGB” displays, each pixel contains red, green and blue modules that shine at different relative brightness to produce any color desired.

But not all OLEDs are created equal.

Phosphorescent OLEDs, also known as PHOLEDs, produce light through a mechanism that is four times more efficient than fluorescent OLEDs. Green and red PHOLEDs are already used in these new TVs—as well as in Samsung and LG smartphones—but the blues are fluorescent. more> http://tinyurl.com/ng4l8uk

Here Comes the Internet of Money


Bloomberg – Money and payment systems, the underpinnings of all financial activity, are still traditional in one respect: They rely on central third parties — banks — to record and vouch for transactions.

Digital currencies dispense with this. They create a decentralized record — a “distributed ledger” — which allows buyers and sellers to interact directly. more> http://tinyurl.com/mx4unrg

Views from the Solar System (229)


Fall Colors Arriving

NASA – A few days after autumn showed up on the calendar in the Northern Hemisphere, it showed up on the landscape of North America. The Moderate Resolution Imaging Spectroradiometer (MODIS) on NASA’s Terra satellite captured this view of fall colors around the Great Lakes on Sept. 26, 2014.

The changing of leaf color in temperate forests involves several causes and reactions, but the dominant factors are sunlight and heat. Since temperatures tend to drop sooner and sunlight fades faster at higher latitudes, the progression of fall color changes tends to move from north to south across North America from mid-September through mid-November.

In late summer and autumn, tree and plant leaves produce less chlorophyll, the green pigment that harvests sunlight for plants to convert water and carbon dioxide into sugars. The subsidence of chlorophyll allows other chemical compounds in the leaves—particularly carotenoids and flavonoids—to emerge from the green shadow of summer. These compounds do not decay as fast as chlorophyll, so they shine through in yellows, oranges, and reds as the green fades. Another set of chemicals, anthocyanins, are associated with the storage of sugars and give the leaves of some species deep purple and red hues.

> More information

Image Credit: Jeff Schmaltz at NASA GSFC. Caption by Mike Carlowicz

The Rise And Fall And Rise And Fall Of King Dollar, Part 2


BOOK REVIEW

Wealth of Nations, Author: Adam Smith.

Money, Gold, and History, Author: Lewis E. Lehrman.

The Economic Consequences of the Peace, Author: John Maynard Keynes.


By Ralph Benko – The mechanics of the reserve currency system preempt these funds’ ready availability for “the maintenance of industry.”

The mechanics of the dollar as a reserve asset, therefore, finance bigger government while insidiously preempting productivity, jobs, and equitable prosperity.

As Steve Forbes pithily puts it, “You’ve got to get the money right.” 

Time to lift the reserve currency curse. Time to fix the dollar. more> http://tinyurl.com/men5vk7

Related>

Mindless


By Adam Gopnik – It turns out that it’s very rare for any mental activity to be situated tidily in one network of neurons, much less one bit of the brain.

When you think you’ve located a function in one part of the brain, you will soon find that it has skipped town, like a bail jumper. And all of the neuro-skeptics argue for the plasticity of our neural networks.

We learn and shape our neurology as much as we inherit it. Our selves shape our brains at least as much as our brains our selves. more> http://tinyurl.com/mwfxlt3