Transformation of Goldman & Morgan

"Goldman Sachs and Morgan Stanley, the last two independent investment banks on Wall Street, will transform themselves into bank holding companies subject to far greater regulation...a move that fundamentally reshapes an era of high finance that defined the modern Gilded Age."

"...blunt acknowledgment that their model of finance and investing had become too risky and that they needed the cushion of bank deposits that had kept big commercial banks like Bank of America and JPMorgan Chase relatively safe amid the recent turmoil"

"... Now, the firms will look more like commercial banks, with more disclosure, higher capital reserves and less risk-taking."

There goes the glitz and glamor of private investment banking!!!

Mysteries of the Universe... Solved!!!

"It is the most ambitious and expensive civilian science experiment in history, based on the biggest machine that humanity has yet built. It has sparked alarmist fears that it might create a black hole that will tear the Earth apart, and it has triggered two last-minute legal attempts to stop it. And next Wednesday, after almost two decades of planning and construction, the project in question will finally get under way."

"...scientists will fire a first beam of particles around a ring as long as the Circle Line on the London Underground. This colossal circuit, 17 miles (27km) in circumference, is the world’s most powerful atom-smasher, the £3.5 billion Large Hadron Collider (LHC), created at CERN, the European particle physics laboratory near Geneva"

"...t will recreate the high-energy conditions that existed one trillionth of a second after the big bang. In doing so, it should solve many of the most enduring mysteries of the Universe....This extraordinary feat of engineering will accelerate two streams of protons to within 99.9999991 per cent of the speed of light, so that they complete 11,245 17-mile laps in a single second"

Shanghai Metro!!

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