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Collecting a World of Data at FuturICT

November 23, 2011 by Jenz514   Comments (0)

Many organizations have attempted to calculate how much data there is in the world, but now an organization is actually trying “to collect all the data in the world and use it to peer into the future. Seriously. What’s more, an organization called the European Commission is even willing to pump 1 billion euros into this dream. The project is called the FutureICT Knowledge Accelerator and Crisis-Relief System, or FuturICT for short. FuturITC is building a Living Earth Platform. In the words of the FuturICT founders, the Living Earth Platform will be ‘a simulation, visualization, and participation platform to support decision making of policymakers, business people, and citizens.’” continued…


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Turkish Central Bank Holds Repo Rate at 5.75%

November 23, 2011 by CentralBankNews   Comments (0)

The Central Bank of the Republic of Turkey held its benchmark 1-week repo rate at 5.75%.  The Bank said: "Recent data releases suggest that the rebalancing between the domestic and external demand is ongoing as envisaged. With the credit growth decelerating to more reasonable levels, the desired increase in private  savings has already started to take place. Accordingly, the improvement in the current  account balance is expected to become more significant in the final months of the year."

The Turkish central bank last cut the benchmark rate by 50 basis points when it held an emergency meeting in early August, the bank also cut its benchmark interest rate by 25 basis points to 6.25% in January this year.  The Turkish central bank also adjusted required reserves in late July.  Turkey reported annual consumer price inflation of 7.7% in October, compared to 6.7% in August, 6.3% in July, 6.2% in June, 7.2% in May, 4.26% in April, and 3.99% in March, and above the Bank's full year inflation target of 5.5%.  

The Turkish Lira (TRY) has weakened by about 19 percent against the USD so far this year, and last traded around 1.87 against the US dollar.  Turkey's central bank is scheduled to review monetary policy settings on the 22nd of December.

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Learn Ontology Development at SemTechBiz DC

November 23, 2011 by Jenz514   Comments (0)

In less than one week SemTechBiz DC will arrive at the Kellogg Conference Hotel in Washington, DC. The conference, which takes place November 29-December 1, 2011, will feature highly-anticipated sessions led by top thinkers in the fields of Open Government, Content Management, Enterprise Data Management, Linked Data, and much more.


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