IT Cutbacks For 2012 London Olympics

Slatterz writes "The IT backbone for the London 2012 Olympic and Paralympic Games is to be cut. According to the Games' chief integrator, Michele Hyron of Atos Origin, each section of the computing infrastructure will be made more efficient in order to minimise redundant equipment and hopefully reduce energy consumption. Unlike the Beijing Games, the results will be relayed via the public wireless network which will be available in the Olympic Park — this means cutting out the 2,500 results terminals. The team of workers will deliver more than 1,000 servers, 10,000 PCs and 4,000 printers."

Comments

Re:Sorry. You just don't understand money or polit

[dontmakemethink]

No, money is created from something. What bankers do that makes money insubstantial is called leverage. A typical leverage structure in a functional economy is 10:1, where there is 10 times as much money issued on loan as there is in actual existence. Sounds crazy, but it works.

The current economic fiasco is due largely to excessive leverage, just like the crash of 1929. Currently, American banks that have either collapsed or are begging for bail-outs were leveraged over 100:1.

The shit hasn't quite hit the fan in Europe yet. Most major European banks are leveraged far more than 100:1, most notably German banks that exceed 400:1. So when European banks start to go tits up (and they will), keep in mind there is no treasury for the Euro. The only bailout funds are from individual countries, who are no doubt going to care more about themselves than an economic union that failed to protect them. So imagine changing currencies in the middle of the greatest economic crisis in 80 years. Think that's a good thing, or bad?