Prize

........... Recipient of the 2010 MacDougal Irving Prize for Truth in Market Manipulation ...........

September 22, 2013

There's a New Sheriff in Town


bi·o·met·rics [bahy-uh-me-triks]
noun used with a singular verb )

The process by which a person's unique physical and other traits are detected and recorded by an electronic device or system as a means of confirming identity: Scanning of the human iris is a reliable form of biometrics.


         Apparently technology isn’t finished driving chronic un/underemployment to previously uncharted heights.  Whether it’s digital currency eliminating tellers entirely or branch lending officers getting replaced by holographic images of home office personnel who can interact with customers anywhere without needing to be physically present at the interview, it’s starting to look like commercial banking will someday be conducted in your town without using any employees at all.

         As for biometrics, that game-changer is looming like a force that’s too big to be stopped, even by Bill of Rights jocks.  Having a means to make sure you are really who you purport to be, pops up as the ultimate crime stopper in so many areas of life, the rosiest projections have us filling our prisons with all the right people for once – if someone can figure out how to put the right sensors in the right places at the right times.


         That part considered, biometrics seems like a pretty good idea to us.  While we’re at it, putting the criminal out of work too.  Definitely the way to go.