Thursday, July 31, 2003

BBC NEWS | Americas | Pentagon axes online terror bets

BBC NEWS | Americas | Pentagon axes online terror bets: "The Pentagon has abandoned plans to set up a controversial online trading market to help predict terrorist attacks.

Comment: Finally some common sense. This is the kind of idea you come up with when you smoke too much pot and you too much responsabilities. You start thinking analysts will be able to figure when and where terrorist attacks will take place. I wonder what kind of degree you need to get to analyse and predict terrorists attacks. Can you imagine what insider trading information would be on such trade system...I don't want to think about it...it's money based people will want to make more money, to what extend are they going to go to make more money, thus make an event happen...I have a simplistic understanding of the system, but it's scary...I feel better that this is not going to move forward already."

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