By Howard Schneider and Michael Birnbaum – The dangers became clearer Friday when the rate Italy must pay for borrowing money over the long term spiked above 6 percent, a level considered unsustainable for a government. This increase in borrowing costs means investors are worried that Italy, the euro zone’s third-largest economy, could have trouble paying its bills even after the rescue fund has been given more firepower to help cash-strapped governments.
In the plan produced this week after days of marathon negotiations, it will fall to the EFSF to try to keep such elevated borrowing costs from turning into a full-fledged meltdown — in Italy or anywhere else in the euro region. more> http://is.gd/zvZ174
By Luke Baker and Julien Toyer – Reached after more than eight hours of hard-nosed negotiations between bankers, heads of state and the IMF, the deal also foresees a recapitalization of hard-hit European banks and a leveraging of the bloc’s rescue fund, the European Financial Stability Facility (EFSF), to give it firepower of 1.0 trillion euros ($1.4 trillion).
But key aspects of the deal, including the mechanics of boosting the EFSF and providing Greek debt relief, could take weeks to pin down, meaning the plan to rebuild confidence after two years of crisis could unravel over the details. more> http://is.gd/7mAJxj
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By Jim Metzler – Recently, cloud service providers have begun offering a new class of solutions, which have historically been provided by the IT infrastructure group. In addition to the communications and collaboration, this includes network and application optimization, security, management and virtualized desktops.
We’re calling this new class of solutions Cloud Networking Services (CNS). The introduction of CNS presents the IT infrastructure group with a new challenge. more> http://is.gd/6YR1lM
Posted in Broadband, Net, telecom
Tagged Broadband, Business transaction management, Cloud computing, CNS, Data center, Information technology management, Internet, Net evolution, Security
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By Alexander Wolfe – PLCs and PACs with higher capabilities for programmability and intercommunications are the cornerstones of factory automation. The other linchpin is easier and more global programming capabilities.
I’ve been trying to codify the top challenges facing engineers in the factory automation sector. The roadblocks on the path to a seamlessly integrated engineering tool chain are many, and they’re often hard to articulate. The roadblocks on the path to a seamlessly integrated engineering tool chain are many, and they’re often hard to articulate. I’d list the following as the five most serious impediments to the digital factory of the future:
- Cost, cost, cost
- Open standards and bus compatibility
- Enterprisation of the factory
CONGRESS WATCH Track Jobs Legislation, US Congress Ellmers Press Conference Highlighting Forgotten 15 Jobs Bills, October 28, 2011, YouTube [VIDEO 1:33] Blog Post — Breast Cancer Awareness — Early Detection is Key, US Congress Disaster Assistance, US Congress
CONGRESS WATCH Rep. Scott Garrett Makes New Milford Chamber of Commerce First Stop on 5th District Business Tour, Ann Piccirillo, New Milford Patch/US Congress Garrett addresses regulations, economy during visit to Ho-Ho-Kus business, John Clyde, Town Journal/US Congress Garrett chats … Continue reading
CONGRESS WATCH Graves, Mulvaney Applaud House Passage of 3% Withholding Repeal, US Congress Chairman Mulvaney: Repeal the 3 Percent Withholding Tax, US Congress Graves Holds Hearing with SBA Administrator Karen Mills, US Congress Testimony of Karen G. Mills, SBA Administrator … Continue reading
US CONGRESS – House Floor – Week of OCTOBER 31, 2011 TUESDAY, NOVEMBER 1ST 1) H.R. 1002 – Wireless Tax Fairness Act of 2011 (Sponsored Rep. Zoe Lofgren / Judiciary Committee) 2) H.Con.Res 13 – Reaffirming “In God We Trust” … Continue reading
CONGRESS WATCH Senator Rubio Participates in Jacksonville Small Business Roundtable, YouTube [VIDEO 2:08] Sen. Rubio Meets with Tampa Small Business Leaders, YouTube [VIDEO 0:39] Senator Rubio Applauds U.S. House For Exposing Job-Destroying IRS Mandate, US Senate
CONGRESS WATCH Lee TV – October 28, 2011, YouTube [VIDEO 3:05]