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Detailed text transcripts for TV channel - MSNBC - 20150708:19:43:00

At the so-called flash crash. now, what happened there talking to the point about reliance on computers, a bunch of different extremely sophisticated software algorithms, each competing with one another for a little tiny advantage began operating in concert, sort of a chain reaction of bad choices that the computers were making far faster than human beings could keep up. and what you saw was 1,000 point drop in about 36 minutes. now, we ve recovered from that we understand why that happened. and there may have been some human involvement, but it wasn t a hack so much as a particular trader who was developing algorithms to spoof the system and try to gain just a little bit of money. so the difference between a hack, a breach a big and enormous like breakthrough and a little spoof a little scam that s what we saw today. the truth is somewhere perhaps in the middle of those things. if there is any human involvement. patrick, i think everything that happened today is a ....

Software Algorithms , Flash Crash , Chain Reaction , Point Drop , Human Beings , Human Involvement , It Wasn Ta Hack ,

Detailed text transcripts for TV channel - FOXNEWS - 20110720:23:36:00

Protect passengers privacy. the head of the it tsa says screeners will see a generic person instead of the passenger s actual body. see the difference. the tsa chief says the new system will work just as well at spotting possible threats. the software algorithms depict the generic outline of the person with the same capabilities in terms of projection but simply the image being projected. and if it there is an anomaly that is high lited on the person. one of the beauties is the passenger can see the same outline of their person. see, say, a knife or a gun or whatever but not see your junk before they touch it. they hope to have the new system in about 40 airports by the end of this year. the former presidential candidate john edwards could soon face even more legal problems. the federal election commission may fine his 2008 campaign more than $2 million. ....

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