In theory, at least, we already knew that the Gigapan Imager was capable of some amazing things. This, friends, is proof. David Bergman strapped the device and his Canon G10 onto a rail at Barack Obama’s inauguration and snapped 220 images. After giving his MacBook Pro 6.5 hours to compile a two gigabyte image, he hosted it up on his website for people to zoom around on. We’ll caution you — you can easy kill a few hours checking out faces and such if you end up visiting the read link, but it’s totally worth it.
The Pentagon will also increase the amount of imagery purchased from private companies operating similar satellites already in the sky.
The decision last week caps months of wrangling between the Air Force, the National Reconnaissance Office, and the National Intelligence Directors Office and the Office of the Secretary of Defense over which agency would buy the satellites for about $1.7 billion. The satellites are to be launched around 2012. The NRO will head satellite acquisition, according to Pentagon documents obtained by The Associated Press.
But critics of the program say the Pentagon is spending billions to recreate and compete with private companies like GeoEye of Dulles, Va., and DigitalGlobe of Longmont, Colo., which are expected to put four new satellites into orbit by 2013. On its face the decision conflicts with the president’s national security space policy, which directs the government to buy as much commercial imagery as possible to help the companies withstand competition from subsidized foreign satellite companies.
Purchasing the imagery from the companies may also be less expensive. The GeoEye 1 satellite was launched on Sept. 6 for $502 million, including the satellite, launch, insurance and four ground stations, according to company spokesman Mark Brender. It is expected to begin taking 16-inch resolution imagery this weekend.
The Pentagon may decide to turn over operation of the new satellites to the private companies, the internal document notes.
The new satellites will comprise the Broad Area Space-Based Imagery Collection satellite system, or BASIC. They will also have 16-inch resolution. They could be used to spy on enemy troop movements, spot construction at suspected nuclear sites or alert commanders to militant training camps. Their still images would be pieced together with higher resolution secret satellites into one large mosaic.
The new satellite system is meant to bridge what intelligence agencies fear will become a gap caused by the cancellation in September 2005 of a major component of the Future Imagery Architecture system overseen by the National Reconnaissance Office. The primary contractor, The Boeing Co., headquartered in Chicago, ran into technical problems developing the satellite and spent nearly $10 billion, blowing its budget by $3 billion to $5 billion before the Pentagon pulled the plug, according to industry experts and government reports.
A single satellite can visit one spot on Earth once or twice every day. BASIC’s additional satellites will allow multiple passes over the same sites, alerting U.S. government users to potential trouble, humanitarian crises or natural disasters such as floods.
By PAMELA HESS Associated Press Writer
This information sent to you from Pocket Express®. Download FREE Pocket Express for your smartphone- free news, sports, weather travel and more: http://www.PocketExpress.com or visit from your mobile browser to install directly from your phone!
Sent from my iPhone 3G
The FDIC was created in 1933 by the Glass-Steagall Act, and provides $100,000 of deposit insurance to checking and savings deposits. “Bank panics” used to be fairly common, and the FDIC was intended to instill confidence in the banking system after the Great Depression. The most recent big failure, that of California bank IndyMac, will cost the FDIC between $4 and $8 billion, and they estimate that about $1 billion of IndyMac’s deposits are “potentially uninsured,” meaning that the depositors had more than $100,000 on deposit. So what does a bank run look like these days?
Well, we took a peak at the Library of Congress’ photo collection and we realized that a bank run in 1912 looks a lot like a bank run in 2008, even though a much higher percentage of the modern day depositors will be leaving with smiles on their faces and their money in their pockets. Some things never change.
Photos: (Library of Congress, Run on East Side Bank, N.Y. 2/16/12)
(AP Photo/Kevork Djansezian)
The FDIC says there were over a billion dollars in assets at IndyMac that were not covered by the FDIC. Why not?
The FDIC says:
At the time of closing, IndyMac Bank, F.S.B. had about $1 billion of potentially uninsured deposits held by approximately 10,000 depositors. The FDIC will begin contacting customers with uninsured deposits to arrange an appointment with an FDIC claims agent on Monday. Customers can contact the FDIC for an appointment using the toll-free number above. The FDIC will pay uninsured depositors an advance dividend equal to 50 percent of the uninsured amount.
Does this sound like fun? No, it doesn’t. In order to prevent this from happening to you, we suggest you check out the FDIC’s Electronic Deposit Insurance Estimator (EDIE).
The FDIC says:
If you or your family has more than $100,000 at one insured institution, you can still be fully insured if your accounts meet certain requirements. You can use EDIE to determine your insurance coverage beyond the basic $100,000 amount.
Google dangles a $4.6 billion carrot by ZDNet‘s Garett Rogers — Google’s $4.6 dollar carrot comes in the form of a potential bid for spectrum in the upcoming 700mhz auction — but only if the U.S. Government meets all their demands. I am not an expert in the field, but I am guessing Google’s promised participation in this auction is gives them significant leverage. […]
Apparently the post office is staffed by a bunch of geeks, as they’ve decided to celebrate the 30th anniversary of Star Wars by tricking out some mailboxes to look like R2D2. Apparently the USPS really knows the Star Wars audience, as they’re not gonna place them on the street where obsessed fans can steal them in the dark of night. They’ll be placed indoors under the protective eye of our nations postal workers.
Think any other government agencies will be joining the anniversary celebration? Perhaps cops will start dressing like storm troopers, or maybe the people at the DMV will start issuing licenses to fly spaceships. Hoo boy, that would sure be great! Or, they could spend our tax dollars on being efficient, but that’s not really as fun.