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Denmark Announces Emergency Bank Liquidity Program

September 30, 2011 by CentralBankNews   Comments (0)

The Danmarks Nationalbank announced it will provide as much as 400 billion kroner in an emergency liquidity provision program to assist the nation's banks.  The measures include expanding the existing collateral basis, and introducing 6-month loans in addition to the existing 7-day loan facility.  Danmarks Nationalbank Governor, Nils Bernstein, said: "The expansion of credit facilities is intended to supplement the banks' access to raise loans, thereby easing the transition to a situation without government guarantees when these guarantees expire in 2012 and 2013,"


Denmark's central bank last raised the lending rate by 25 basis points to 1.55% in July this year, after increasing the rate by 25 basis points in April this year, mirroring the interest rate increases by the European Central Bank (ECB).  The Danish Central Bank typically follows the moves of the ECB in order to keep its currency, the Krone, stable.  Denmark reported an annual inflation rate of 2.6% in August and 2.9% in July, compared to 3.1% in May, and 2.9% in April this year.  The Danish economy grew at a year on year rate of 2% in Q2, compared to 1.7% in Q1 2011 (2.9% in Q4 2010).  The Danish krone (DKK) has strengthened about 3% against the US dollar this year, and last traded around 5.37.

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Down with the Data Warehouse! Long Live the Semantic Data Warehouse!

September 30, 2011 by Jenz514   Comments (0)

East wall of Courtyard brick work, construction of the McKim BuildingI had a call with a Fortune 100 IT team that is looking at using semantic technology as an alternative to the Data Warehouse.  This is my favorite kind of conversation, since I firmly believe the traditional data warehouse is dead but just doesn’t know it yet.

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Upcoming Webcast: “Introduction to SKOS” with Bob DuCharme

September 30, 2011 by Jenz514   Comments (0)

In August, we had the pleasure of hosting the excellent instructor, Bob DuCharme, as he walked us through an introduction to SPARQL: “SPARQL Queries, SPARQL Technology.” Next week, Bob will join us again, this time to introduce us to SKOS, the Simple Knowledge Organization System standard.

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iPhone 4s or iPhone 5. Whatever it’s called, does it mark the return of Siri?

September 30, 2011 by Jenz514   Comments (0)

A few short years ago, a group of semantic technology companies rode a wave of venture capital and inflated expectation. They were going to change the world. They were going to bring semantic technologies to the mainstream. They were going to make people very rich. They were the must-have keynotes of the conference circuit. And then, one by one, they disappeared. Powerset vanished inside Microsoft, to do something for Bing. Twine vanished inside Evri, amid rumours of a fire sale and investors covering their backs. Freebase vanished inside Google, and bits of Freebase DNA routinely pop up across Google’s sprawling empire. And Siri vanished inside Apple, as we scrambled to understand whether the Cupertino money machine was after semantic smarts or ‘just’ speech recognition technology. Now, though, the rumours suggest that Siri may be back, and that it’s going to be the thing that makes the next iPhone a compelling buy. continued…

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