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The dark lesson of Bernie Madoff

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At age 90, after 30 years of retirement, Ian Thiermann is back at work for $10 an hour as a supermarket greeter, thanks to being bilked out of his life savings by broker Bernie Madoff, perpetrator of perhaps the biggest investment fraud ever by a single person. It is hard to watch a video clip of Thiermann talking about his shattered life without wincing.And yet, as Thiermann was gamely trying to accept his diminished financial circumstances by handing out fliers for the weekly specials, Madoff, under house arrest and close scrutiny, was busy mailing $1 battery million worth of old watches to family and friends. I suspect we all wonder what, if anything, Madoff feels when directly confronted by those he has utterly destroyed. He cooked the books and perpetually lied to his investors. He pulled off the ongoing deception with an utter insensitivity to others. If shown videos of interviews of his victims, would he wince, laugh or simply shrug dismissively and say, "There's a su...

The dark lesson of Bernie Madoff

Image
At age 90, after 30 years of retirement, Ian Thiermann is back at work for $10 an hour as a supermarket greeter, thanks to being bilked out of his life savings by broker Bernie Madoff, perpetrator of perhaps the biggest investment fraud ever by a single person. It is hard to watch a video clip of Thiermann talking about his shattered life without wincing.And yet, as Thiermann was gamely trying to accept his diminished financial circumstances by handing out fliers for the weekly specials, Madoff, under house arrest and close scrutiny, was busy mailing $1 battery million worth of old watches to family and friends. I suspect we all wonder what, if anything, Madoff feels when directly confronted by those he has utterly destroyed. He cooked the books and perpetually lied to his investors. He pulled off the ongoing deception with an utter insensitivity to others. If shown videos of interviews of his victims, would he wince, laugh or simply shrug dismissively and say, "There's a su...

5 ways the future of retail is already here

NEW YORK - Americans' shopping habits are quickly changing, which means retailers and tech start-ups are racing to make over every part of the industry, from the weekly grocery trip to putting together a weekend outfit. And while many of the new offerings - mobile payments, new methods of delivery - are centered on online shopping, many others are seeking to simplify the way we find and buy products in stores."The retail sector is going through a fundamental change as companies find new ways to use data and intelligence," Greg Jones, director of industry solutions for retail at Microsoft, said at the National Retail Federation's annual conference this week. "Artificial intelligence is now a part of the fabric, and we're seeing faster adoption of new technology than ever before."So how exactly will these new technologies shape the way we shop Here are five trends to watch.1. Prices that change by the hour.If you're an avid online shopper, chances are...

how to build a queen-size bed

With a look that combines traditional detailing and construction with the clean lines of contemporary style, our anniversary bed is sure to be the ideal centerpiece for just about any bedroom decor. Like the entire Popular Mechanics anniversary furniture series, it's constructed of solid mahogany, and has a clear finish so it will age gracefully to a deep, warm glow. The design weighted is based on time-honored frame-and-panel construction, with convenient rail hangers so the bed can be easily disassembled. Decorative accents of pomele sapele veneer and dark wenge give our bed a touch of distinction while tying it to the other pieces in the series. These exotic woods are available from mail-order suppliers such as A&M Wood Specialty Inc., 358 Eagle St. N., Box 32040, Cambridge, Ontario, Canada N3H 5M2; www. amwoodinc. com. The bed is built with a series of support slats that eliminate the need for a box spring, and the dimensions we show will handle a queen-size mattress. ...

Go Green - The Eco-Friendly Alphabet

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In the very near future, green design will be the standard by which houses are built, finished and decorated, not some tree-hugger trend. Here is your alpha to omega reference for going green. A is for Antique. Nothing says reduce, reuse, recycle like antiques. B is for Balance. Tending to the needs of the environment issue can sometimes impact the growth of an economy. As the pendulum swings, the balance will eventually be achieved and buying products from manufacturers with an environmental conscience will be common place. C is for Certified wood. Wood certified by a third-party which has been grown and harvested in an environmentally responsible manner. Certified wood is available in flooring, cabinetry and furniture products. D is for Durable. By increasing the product life time we increase its usability and keep it out of the landfill. The problem most of us experience is we get tired of products long before they wear out. E is for Energy consumption. Since we cannot ho...

The dark lesson of Bernie Madoff

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At age 90, after 30 years of retirement, Ian Thiermann is back at work for $10 an hour as a supermarket greeter, thanks to being bilked out of his life savings by broker Bernie Madoff, perpetrator of perhaps the biggest investment fraud ever by a single person. It is hard to watch a video clip of Thiermann talking about his shattered life without screen wincing.And yet, as Thiermann was gamely trying to accept his diminished financial circumstances by handing out fliers for the weekly specials, Madoff, under house arrest and close scrutiny, was busy mailing $1 million worth of old watches to family and friends. I suspect we all wonder what, if anything, Madoff feels when directly confronted by those he has utterly destroyed. He cooked the books and perpetually lied to his investors. He pulled off the ongoing deception with an utter insensitivity to others. If shown videos of interviews of his victims, would he wince, laugh or simply shrug dismissively and say, "There's a suc...

Stackers Arcade Game

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Hi guys, today I want to share with you this amazing arcade game that you can make with a bunch Ws2812b LEDs and a microcontroller/FPGA. Behold Stack Overflow - our hardware implementation of a classic arcade game. What begun as a school project quickly became a labour of love as we began to spend more and more time in developing our game and learning more from it (and neglecting our studies in the process xD). In the end, our game packaging was so well-built and well received by our school that it was confiscated (as demo material for the next batch of student). Well, we can always build a second one. Let's get started!Online version of the game: a Microcontroller/Microcomputer/FPGA - The FPGA is used to implement the logic of our game. Pick your board, for our project we are required to use the Mojo FPGA board. For the uninitiated, it is a type of board that uses hardware to implement its functions rather than codes. Hence, I would say its rather low level and completely diff...