Guy Sorman on the Political Throwback into the Sixties

Guy Sorman, less optimistic than usual, discusses the French election in the context of political trends in Europe and, I would add, in the rest of the world too:
In other words, Hollande will try to entice other European leaders with a vision for a world that no longer exists. This politics of nostalgia is troubling, not only because France and Europe confront severe economic challenges, but also because France and other democracies are confronted with real challenges to their legitimacy.

General information

IT is the area of managing technology and spans wide variety of areas that include but are not limited to things such as processes, computer software, information systems, computer hardware, programming languages, and data constructs. In short, anything that renders data, information or perceived knowledge in any visual format whatsoever, via any multimedia distribution mechanism, is considered part of the domain space known as Information Technology (IT).
IT professionals perform a variety of functions (IT Disciplines/Competencies) that range from installing applications to designing complex computer networks and information databases. A few of the duties that IT professionals perform may include data management, networking, engineering computer hardware, database and software design, as well as management and administration of entire systems. Information technology is starting to spread farther than the conventional personal computer and network technology, and more into integrations of other technologies such as the use of cell phones, televisions, automobiles, and more, which is increasing the demand for such jobs.

In the recent past, the Accreditation Board for Engineering and Technology and the Association for Computing Machinery have collaborated to form accreditation and curriculum standards for degrees in Information Technology as a distinct field of study as compared to Computer Science and Information Systems today. SIGITE (Special Interest Group for IT Education) is the ACM working group for defining these standards. The Worldwide IT services revenue totaled $763 billion in 2009.

Too Big to Fail and Moral Hazard

JP Morgan gambles with other people's money because it's sure that it's "too big to fail," meaning, that governments will come to its rescue whenever needed.

Those who yet believe that moral hazard in banking is not important or does not even exist should listen to James Hamilton:
In any case, we would want to weigh any potential social benefits of such trades against their possible social costs. Is JP Morgan "too big to fail"? I think so...
If nothing else, this week's news should remind us that more needs to be done to ensure financial stability and that the incentives of private participants align with the public's best interests.

Information Technology - Definition and History

Information Technology – A Definition :
We use the term information technology or IT to refer to an entire industry. In actuality, information technology is the use of computers and software to manage information. In some companies, this is referred to as Management Information Services (or MIS) or simply as Information Services (or IS). The information technology department of a large company would be responsible for storing information, protecting information, processing the information, transmitting the information as necessary, and later retrieving information as necessary. 




 

History of Information Technology :

In relative terms, it wasn't long ago that the Information Technology department might have consisted of a single Computer Operator, who might be storing data on magnetic tape, and then putting it in a box down in the basement somewhere. The history of information technology is fascinating! Check out these history of information technology resources for information on everything from the history of IT to electronics inventions and even the top 10 IT bugs.

Modern Information Technology Departments :

In order to perform the complex functions required of information technology departments today, the modern Information Technology Department would use computers, servers, database management systems, and cryptography. The department would be made up of several System Administrators, Database Administrators, Chief Information Officer (CIO). and at least one Information Technology Manager. The group usually reports to the Chief Information Officer (CIO).


Information Technology - Trends :

Information Technology Departments will be increasingly concerned with data storage and management, and will find that information security will continue to be at the top of the priority list. Cloud computing remains a growing area to watch. The job outlook for those within Information Technology is strong, with data security and server gurus amongst the highest paid techies. Check out the Information Security Certifications and Highest Paying Certifications for more information. In order to stay current in the Information Technology Industry, be sure you subscribe to top technology industry publications.