Monday, April 29, 2013

True or False: The Internet Has Made Us Smarter

Twitter Speaks, Markets Listen, and Fears Rise. (The New York Times, 4/28/2013)

(And Bart Chilton, head of the U.S. Commodity Futures Trading Commission, needs a new hair stylist.)

AP's Twitter account was hacked by the Syrian Electronic Front on Tuesday, April 23, 2013.  The above tweet caused the Dow Jones Industrial Average to plummet 150 points, wiping out $136,000,000,000 (billions), in minutes.  The loss was erased once Wall Street's highly-educated group of workers came to its senses, perhaps courtesy of the due diligence of a librarian.  (Well, it would add a nice flourish to the story.)

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