04 JAN 2012 by ideonexus

 Lawyers Replaced by Computers

In January, for example, Blackstone Discovery of Palo Alto, Calif., helped analyze 1.5 million documents for less than $100,000. … “From a legal staffing viewpoint, it means that a lot of people who used to be allocated to conduct document review are no longer able to be billed out,” said Bill Herr, who as a lawyer at a major chemical company used to muster auditoriums of lawyers to read documents for weeks on end. “People get bored, people get headaches. Computers don’t.” The c...
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To conduct discovery. Because humans get bored and only have a 60 percent success rate.

12 MAR 2011 by ideonexus

 What If People Stopped Valuing Money?

Mexico and Chile and Brazil and Argentina were likewise bankrupt--and Indonesia and the Philippines and Pakistan and India and Thailand and Italy and Ireland and Belgium and Turkey. Whole nations were suddenly in the same situation as the San Mateo, unable to buy with their paper money and coins, or their written promises to pay later, even the barest essentials. Persons with anything life sustaining to sell, fellow citizenes as well as foreigners, were refusing to exchange their goods for mo...
Folksonomies: value money currency
Folksonomies: value money currency
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Vonnegut describes a fictional account of the currencies of numerous countries in the world suddenly being no longer valuable, making them just pretty paper.