Automatic Spelling Corrections On Github

Automatic Spelling Corrections On Github: “Github projects may be seeing a different kind of contributor than normal: a small bot is now crawling through projects, contributing spelling corrections. It builds on top of the github API and existing documentation style-checking code. Future directions for the project look beyond spelling mistakes and at automated bug fixing on a large scale.” [Github has a number of features that make it interesting. It’s really a wonderful tool for collaboration that goes beyond code.]
Source: Slashdot

Unconventional Monetary Policy

Unconventional Monetary Policy: “Unconventional monetary policy” means the Fed targets some level of nominal GDP and keeps buying things until that level is met. Usually, the Fed buys and sells short term Treasuries to influence the clearing price of reserves in the overnight interbank market. The clearing interest rate in the overnight interbank market is the “Federal Fund Rate” and this intervention is the mechanism it uses to manage the level of excess reserves in the system (as it can drain reserves by converting them to Treasuries). Scott argues that the Fed can buy other things, like road repair services, bridge building services, etc. etc. and therefore hit any NGDP target it chooses. [Hmmm.]
Source: Zimran