Comments on: Counterparties http://blogs.reuters.com/felix-salmon/2011/04/04/counterparties-332/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: vv111y http://blogs.reuters.com/felix-salmon/2011/04/04/counterparties-332/comment-page-1/#comment-25579 Mon, 04 Apr 2011 21:38:25 +0000 http://blogs.reuters.com/felix-salmon/?p=7805#comment-25579 oops, skip the 1st part of my post, but the 2nd part is still good

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By: vv111y http://blogs.reuters.com/felix-salmon/2011/04/04/counterparties-332/comment-page-1/#comment-25576 Mon, 04 Apr 2011 21:05:25 +0000 http://blogs.reuters.com/felix-salmon/?p=7805#comment-25576 TED doesn’t have comments, so here goes –

I’m with TED, bravo! Except this part I’ll say maybe, sorta, clarify please:

“Few people of sense would suggest that we will ever understand the inner workings of the global financial markets with any level of completeness or rigor”

— How much of that has anything to do with regulation? I think TED is saying little – I wonder if it’s none.

How about just enforcing The Rule of Law? That’s not that hard at all. Oh, and not changing the laws to benefit the crooks.

Purposely trying to be opaque and inaccessible doesn’t help either. The last article I read on that was from baselinescenario re legal publishing.

Speaking of which, there’s this article http://www.hpcwire.com/news/Artificial-I ntelligence-Job-Killer-118623649.html

“One application was able to analyze 1.5 million documents for less than $100,000 — a fraction of the cost of a legal team, and performed in a fraction of the time”
… “He estimated that the shift from manual document discovery to e-discovery would lead to a manpower reduction in which one lawyer would suffice for work that once required 500 and that the newest generation of software, which can detect duplicates and find clusters of important documents on a particular topic, could cut the head count by another 50 percent.”

But how much AI is really needed vs just get the legal system to stop screwing around?

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By: Christofurio http://blogs.reuters.com/felix-salmon/2011/04/04/counterparties-332/comment-page-1/#comment-25572 Mon, 04 Apr 2011 19:14:22 +0000 http://blogs.reuters.com/felix-salmon/?p=7805#comment-25572 We’re still playing? Okay: With notably rare exceptions, Jeffrey Dahmer adhered to a strict vegan diet.

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By: expatsp http://blogs.reuters.com/felix-salmon/2011/04/04/counterparties-332/comment-page-1/#comment-25566 Mon, 04 Apr 2011 16:54:38 +0000 http://blogs.reuters.com/felix-salmon/?p=7805#comment-25566 ckbryant: brilliant

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By: vv111y http://blogs.reuters.com/felix-salmon/2011/04/04/counterparties-332/comment-page-1/#comment-25564 Mon, 04 Apr 2011 16:39:58 +0000 http://blogs.reuters.com/felix-salmon/?p=7805#comment-25564 TED doesn’t have comments, so here goes –

I’m with TED, bravo! Except this part I’ll say maybe, sorta, clarify please:

“Few people of sense would suggest that we will ever understand the inner workings of the global financial markets with any level of completeness or rigor”

— How much of that has anything to do with regulation? I think TED is saying little – I wonder if it’s none.

How about just enforcing The Rule of Law? That’s not that hard at all. Oh, and not changing the laws to benefit the crooks.

Purposely trying to be opaque and inaccessible doesn’t help either. The last article I read on that was from baselinescenario re legal publishing.

Speaking of which, there’s this article http://www.hpcwire.com/news/Artificial-I ntelligence-Job-Killer-118623649.html

“One application was able to analyze 1.5 million documents for less than $100,000 — a fraction of the cost of a legal team, and performed in a fraction of the time”
… “He estimated that the shift from manual document discovery to e-discovery would lead to a manpower reduction in which one lawyer would suffice for work that once required 500 and that the newest generation of software, which can detect duplicates and find clusters of important documents on a particular topic, could cut the head count by another 50 percent.”

But how much AI is really needed vs just get the legal system to stop screwing around?

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By: ckbryant http://blogs.reuters.com/felix-salmon/2011/04/04/counterparties-332/comment-page-1/#comment-25562 Mon, 04 Apr 2011 15:42:01 +0000 http://blogs.reuters.com/felix-salmon/?p=7805#comment-25562 “With notably rare exceptions, Transocean had its best year ever in safety performance.”

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