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Renaud LaplancheCottage industry thrives on bypassing banksSubmitted by cahn on 19 July, 2009 - 4:15pm
Scott Langmack has given more than US$600,000 in unsecured loans to strangers. "I can reliably get 12 per cent, worst case 9 per cent," said Mr Langmack, 50, a former Microsoft marketing executive who began investing in so-called peer-to-peer lending last year. "I can't find anything that gives me this kind of confidence." »
What did I say then?Report: Keep hands out of nanotech | ZDNetSubmitted by cahn on 27 October, 2008 - 1:13pmNanotechnology's potential benefit to society is so great, a new report says, that governments should take a hands-off approach to regulating the developing science, despite concern over possible dangers. Nanotechnology, the science of manipulating matter at the atomic and molecular level, could revolutionize everything from computing to medicine to warfare. But some say that if hypothetical nanomachines escape from the lab and reproduce in the wild, they could wreak havoc on the planet. Nevertheless, the governments of the United States and other countries should adopt a regime of "modest regulation, civilian research, and an emphasis on self-regulation," says a report released this week by the free-market Pacific Research Institute, a California think tank. more »
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