The Surveilling Eye of Global Financial News
Surveillance of the world is considered an important function of media systems and plays a unique role in the financial industry. Furthermore, it is important to place the analysis of financial news within the political context of a larger techno-structural environment of global financial trading that works to discipline countries, companies and people around the world. The implications of this global web have been amplified by the extraordinary volume and velocity of the system that sees tens of trillions of dollars of trades transacted every day.
How IT Came to Rule the World, 1.4: SAGE and Early Electronic Computing
The SAGE (Semi-Automatic Ground Environment) system conceived at MIT and built at IBM’s Poughkeepsie, New York facilities helped transform the computer from a bulky, slow, vacuum-tube switched numerical processor into a generalized, software-driven, transistor-enabled, media-enhanced computer with an accompanying communications system able to send digital data over telephone lines.
HOW IT CAME TO RULE THE WORLD, 0.4
Over time, these regimes shaped an informational and technological environment that was sequentially dedicated to: 1) a military real-time hemispheric radar defense system to protect against a nuclear attack; 2) an international regime of capital decontrols, electronic money and financial news flows, and 3) an electronic environment for social networking, surveillance, and global business to business (B2B), business to government (B2G), business to consumer (B2C), and consumer to consumer (C2C) transactions.
HOW IT CAME TO RULE THE WORLD, 0.2
The answer to the question of how information technology (IT) emerged is a complex one. The thesis in this project is that modern information technology developed out of the trajectory of US statecraft and its involvement in several political economy regimes which emerged successively and sometimes concurrently in the post-World War II period up and through the turn of the second millennium.
Referencing this Material
About Me
Professor at State University of New York (SUNY) Korea since 2016. Moved to Austin, Texas in August 2012 to join the Digital Media Management program at St. Edwards University. Spent the previous decade on the faculty at New York University teaching and researching information systems, digital economics, and strategic communications.
You can reach me at:
apennings70@gmail.com
anthony.pennings@sunykorea.ac.kr
About me
Writings by Category
- artificial intelligence
- automatrix
- books and films
- characteristics of digital media
- creative cities
- creative industries
- crisis communications
- cultural Industries
- data analytics and meaning
- democratic political economies
- digital coordination
- digital destruction
- digital geography
- digital media economics
- digital media management
- digital monetarism
- digital spreadsheets
- disruption
- dystopian economies
- educational innovations
- electric money
- enabling frameworks
- enterprise systems
- financial news
- financial technology
- food policy and security
- futurists
- geopolitical risk
- global communications
- global e-commerce
- health IT
- how IT came to rule the world
- intellectual property
- journalism
- meaning makers
- meaningful play
- media strategies
- mobile technologies
- multimedia
- political economies in sf
- political economy of media
- science and technology studies
- smart new deal
- social media
- space systems
- strategic communications
- sustainable development
- technologies of meaning
- technology management
- telecom policy and net neutrality
- telegraphic political economy
- telelearn/telework
- the cold war
- the smith effect
- uncategorized
- visual literacy and rhetoric
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