I guess it’s a good thing that the Treasury department is releasing more details on the banking “stress tests.” That said, the engineer (or the circuits lab TA) in me can’t help but hear “smoke test” any time someone says stress test. In engineering, you wire up your design and power it up for the smoke test. If it doesn’t start smoking, there’s no guarantee that the design (or wiring) is right, but if you do release the magic smoke, then you’ve definitely done something wrong. Because, of course, the magic smoke is what makes all electronic components from resistors to microprocessors run. Maxwell with his electro-magnetic equations was full of it. Every thing runs on magic smoke. If you let the magic smoke out of a device, it’ll never run again. I do wonder what is the magic smoke analog that gets validated in a banking stress test. Do you wire up the bank and see how much money it leaks? Can you put the magic green stuff back in a bank which fails a stress test? Well, presumably some banks will survive, which is probably a good thing. If for no other reason than banking is a more diverse field than engineering. After spending a day with 200+ engineers I can tell you that, too a first approximation, we’ve only got one gender. The workshop was a giant sausagefest in all of three ethnicities: caucasian, asian and indian. As a profession we’ve got to do something about this.
February 25, 2009
notes from a workshop
I’m over at the Compressive Sensing Workshop today. I wasn’t too sure about compressive sensing as a topic, but after reading the abstracts, it seems to have a lot of application to basic image processing. Or at least the same concepts are applicable.
One logistics note. Attention conference centers everywhere: speaking as a tea drinker, it would be very nice if you would reserve a carafe for hot water only. Never put coffee in this carafe – ever. No matter how well it is washed, coffee will leave an aftertaste that will sneak into the hot water and ruin even the best tea.
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