Business, Technology and Me

my professional work, my academic work and me

Category: economics

Algorithms marking its domain

this is fascinating talk. There is definitely a point where reality makes more sense than what speaker is pointing to. Nevertheless, the claim is fascinating – bothersome – metaphorically significant. So are we allowing algorithms to take up our place in determining market and beyond. A very interesting talk by Kevin Slavin

Leonard Kleinrock – 112 Lindner

Lecturer – Leonard Kleinrock
Venue – 112 Lindner / College of Business, University of Cincinnati

I, in my own excursion, had been catching upon Threat to Internet, Tim Berners Lee’s first WWW, Ted Nelson’s idea of this. I had this lecture as upcoming since last year spring. I liked it all coming together yesterday (05/05/2011). The community of people who were bent to foster a new language through a new medium. The were bent to bend the world.

So what did Leonard Kleinrock talk about? I tweeted

Leonard klienrock. Nikola tesla. Idea since?ARPA1958.1969.Queuing.NCP.BBN.EMAIL.hawai.robert morris.al gore.grokster.future.nomadic.embeddedtech.ubiquitouscomp.softagents.

so that I can come back to it later ..

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trillions in GDP ..

14.119 trillions US dollars is how much Americans earned or spent in 2010.
34.050 trillion Yuan is how much Chinese earned or spent in 2010.

And so for Japanese it is 4.74 trillion Yen(100), Indians it is 59.520 trillion Rupees, Brazilians it is 3.143 trillion Reals, Australians it is 1.255 trillion Australian dollars, Germans it is 2.397 trillion Euros, English it 1.392 trillion Pounds..

Of course, if factor in US dollar.. the only trillionaire  remains is US and that too at such a scale that next closest country is at $4.984 trillions and that is China.

These numbers triggered a thought in me, are these really correct? Are they independent of international currency trade and current market forces?

So I googled, and it’s no great discovery to find out a term called PPP..

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