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We like to think that when we deposit a dollar at the bank, it goes into a big vault and we can pull out that same dollar at any time. But that¿s not how the U.S. banking system works. Banks take that money and invest it to make money themselves, so cash gets spread around. This, naturally, leads to a big risk: What happens if those investments go sour? Well, you¿d be out of luck. You can¿t get your dollar back.
The Federal Reserve doesn¿t like that scenario, so it prohibits banks from putting all the cash it has on deposit on the line. In fact, the Fed forces banks to keep a portion of their assets at the Federal Reserve itself, to make sure that some of your assets won¿t get squandered if the bank¿s bets go south. These are called ¿reserves,¿ (hence, Federal Reserve. Got it? Good), and usually amount to 10% of the total cash kept in checking accounts.
These reserves are never exactly 10%, and banks like to keep a little extra in reserve ¿ not, as you might think, to make you more comfortable that they¿re in good financial shape, but rather so they can take that excess and lend it to other banks and make money off it. (They¿re banks, they can¿t help themselves.) The rate at which they make these loans is called the Federal Funds rate, which is set by the Federal Reserve¿s Federal Open Market Committee.
When you hear people chattering about how the Fed cut or hiked interest rates, this is what they¿re talking about: the interest rate banks can charge for lending money from their reserves. This begs the question: If these are essentially loans between banks, why is the Fed Funds rate so important for the rest of the economy?
Well, simply put, because loans make the financial world go round. Bank A lends Bank B $10,000 at a Fed Funds rate of 5%. Bank B then lends out $10,000 to a small business at 7%. The small business then takes that money and expands the business and hires new workers. Now someone is employed, Bank B has made interest off the loan, and Bank A is the richer for making it all happen. It¿s perhaps overly simplistic, but you get the idea. When you want the economy to thrive, you make lending cheaper.
Of course, sometimes you don¿t want the economy to thrive. In fact, you might want it to cool down, mostly to avoid money flooding the system and causing inflation. In that case, the Fed raises interest rates, making it difficult to lend or borrow.
Home / Markets / Industries / Energy
Friday, May 30, 2008
InterVision Network Corporation (IVNet) Announces the Development of a World-Class Solution Touted as "the H.264 of Live Streaming Global Broadcasting"
Comtex
COLORADO SPRINGS, CO, May 30, 2008 (MARKET WIRE via COMTEX) ----InterVision Network Corporation (PINKSHEETS: IVSW) (see website www.ivnet.tv) announced today that the company will begin offering its revolutionary solution for Live Streaming Global Broadcasting. The company expects the solution to change the face of multimedia delivery by allowing the dissemination of live streaming content to computers and to Internet Protocol-enabled cell phones and televisions.
The backbone of the solution is IVNet's custom-built, globally distributed servers, which are built from the ground-up to be, first and foremost, a streaming network. This means that IVNet can support a live stream that is broadcast across the globe to potentially tens of millions of users with minimal signal degradation and no buffering.
IVNet has collected several individuals with the computer engineering expertise to change the game as far as live multimedia is concerned. "The sine qua non for evaluating multimedia delivery companies going forward will be the amassed engineering talent present," said Richard A. Luthmann, EVP of Marketing and Development for IVNet. "Our engineers have made it possible to offer something that will allow for live Internet protocol cross-platform multimedia content delivery. What we have can be likened to the H.264 of live streaming global broadcasting."
Luthmann continued, "Going forward we will be happy to deliver live streaming global multimedia in our own right for our clients, but we really see the market opportunity in enhancing the existing offering of so-called traditional CDNs. If the other guys could deliver live multimedia content simultaneously to tens of millions worldwide, don't you think they would be doing it right now? We are the group that can make the Super Bowl, the Olympics or the World Cup final available live via IPTV to the entire planet, and we can do it on computers, cell phones and televisions."
IVNet plans on applying their proprietary technology both to traditional live broadcasting as well as to several other several other broadcasting and telepresence opportunities in media, business and elsewhere in the marketplace.
ABOUT INTERVISION NETWORK CORPORATION (IVNET)
IVNet, the world leader in Internet Protocol broadcasting development and related technologies, is the first and only truly Global Online Broadcasting Network. Founded in 2005 and publicly traded as of January 2008 as InterVision Network Corporation (PINKSHEETS: IVSW), IVNet specializes in the live streaming global broadcasting of multimedia content, and also develops original programming and distributes canned content.
Central to IVNet is the unparalleled worldwide multimedia delivery network, several proprietary content delivery processes and related software and hardware. These processes support real-time streaming services to several user mediums, including cell phones, computers and IP-enabled televisions in high definition broadcast quality to any global location. To facilitate multimedia delivery, IVNet has also developed IP-enabling components for HD televisions and aims to develop that technology with a production partner in Shenzen, China.
To meet the needs of our clients and corporate partners, IVNet operates as two interrelated divisions:
InterVision Network Corporation (IVNet)
IVNet.tv is the product offering of parent company IVNet. The premier site for global content, IVNet.tv collects general interest media from around the world, supports user content submissions, and hosts original paid programming and advertisements. With 3.5 million unique users each month, IVNet.tv delivers an established and loyal customer base to our corporate partners.
InterVision Streaming Corporation (iStream)
iStream is the corporate division and brand name of IVNet's exclusive Multimedia Delivery Network. Specifically designed to deliver live high definition content without the limitations of typical online broadcasting, iStream's live streaming global broadcasting solution offers live multimedia streaming capabilities superior to all competitors in the space. Live Streaming Multimedia can be broadcast globally to user computers, cell phones, and IP-enabled televisions.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This release contains forward-looking information. Statements that are not descriptions of historical facts are forward-looking statements provided under the "safe harbor" protection of the Private Securities Litigation Reform Act of 1995. These statements are made to enable a better understanding of our business, but because these forward-looking statements are subject to many risks, uncertainties, future developments and changes over time, actual results may differ materially from those expressed or implied by such forward-looking statements. Examples of forward-looking statements are statements about anticipated financial or operating results, financial projections, business prospects, future product performance and other matters that are not historical facts. Such statements often include words such as "believes," "expects," "anticipates," "intends," "plans," "estimates" or similar expressions.
These forward-looking statements are based on the information that was currently available to us, and the expectations and assumptions that were deemed reasonable by us, at the time the statements were made. We do not undertake any obligation to update any forward-looking statements in this report or in any of our other communications, except as required by law, and all such forward-looking statements should be read as of the time the statements were made, and with the recognition that these forward-looking statements may not be complete or accurate at a later date.
Additional Information: Tim DeHerrera CEO 866-891-4788
SOURCE: InterVision Network Corp
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