Major Financial Regulation

Any sea change in commonlaw banking and financial regualtion legislation seems to always pass near Cristmas. Right down from the Federal Reserrve Act in Christmas break 1913 all the way down to the 110th House of representatives' new financial regulations that passed today to "redo" the law after the collapse in the Fall of 08.

Also, have you ever thought about how nicely 9/11 na the collapse of the stock market in ht e fall of 2008 bookended the Bush Presidyency? As chance would have it Bush and, more importantly, his backers, had almost their entire two terms apart from formalitie of transition that occurs at the beginning of most pecae-time presidencies.


Bush and team used the shock and awe of its own people after 9/11 to pass all types of legislation that christens the first recognized wave of government surveillance in the US. IT is new, relatively speaking, when you consider the rate of its development coupled with the drastic reduction of client and enterprise hardware to commodity status.


China graduates 15 engineers every year from its graduate schools, a scomaperd to the US, which puts out 1. Think of that - starting fro this very moment we started measuring moving forward. After year 1 China would outnumber the US by 15 engineers to 1. After year 2, by 30 to 2. After year three we see 45 engineers to 3. Year 4 60 to 4 and year 5 75 to 5. For even further comparison, think of those 5 american enginneers a a basketball team. They would simulataneously compete against the equivalent of 15 other teams, all at once. The magnitude is scary for the dawning of Chinese inention and product development.