| IT San Francisco Startup to Build Floating Data Centers
To help reduce the demands on the cooling system for the generators and data containers, sea water will be used to cool the AC towers for a claimed power reduction of 30-40%. In a circular fashion, the excess heat from the same equipment will be used to supplement ambient heat on the ship. While the jokes about purchasing an entire cargo ship and setting sail for international waters have already been told, there are no plans for the ships to leave port -- the massive bandwidth requirements and use of refurbished ships no doubt play large roles in this decision. Still, the dream of a certain Swedish peer-to-peer site to purchase a "floating data haven" seems to be inching closer and closer by the day. .
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Bad-news economy is good news for some homeowners
Can there be a silver lining in the economic downturn? Perhaps. Sharp interest-rate cuts by the Federal Reserve make this a good time for home-owners to consider refinancing their mortgages. Last week's cut of three quarters of a percentage point — with another cut of as much as a half point expected this week — has put interest rates at a two-year low and close to the lowest point they've been in this decade. Thirty-year mortgage rates are dropping below 5 percent. But does that mean this a good time to refinance? "If you have a 6.75, 7 or 7.5 percent rate, this could be a good time to refinance," according to John G. Gerlach, president and CEO of Pocono Community Bank. "Anytime you have a 100 basis point spread, it's a good time to take a look at refinancing," he said.
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