President Obama will sign into law Wednesday the Wall Street reform bill -- the most-sweeping set of changes to America's financial regulatory system since the 1930s. The legislation will vastly reform the way big financial firms do business. This is "reform that will prevent the kind of shadowy deals that led to this crisis, reform that would never again put taxpayers on the hook for Wall Street's mistakes," the president said last week. The bill aims to strengthen consumer protection, rein in complex financial products and head off more bank bailouts. The Senate approved the reforms Thursday on a 60 to 39 vote, ending more than a year-long effort to pass legislation in response to the 2008 financial crisis. To secure enough votes, Senate Democrats made lots of deals, which watered down the bill. For example, Wall Street banks will get wiggle room to make limited risky bets, which is tougher than the current law, but weaker than earlier drafts. The legislation would establish a Consumer Financial Protection Bureau inside the Federal Reserve that could write new rules to protect consumers from unfair or abusive practices in mortgages and credit cards. The bill creates a new council of regulators, lead by the Treasury Department, that would set new standards for how much cash banks must keep on hand to prevent them from triggering a financial crisis. It would also establish new procedures for shutting down giant financial firms that are collapsing. The measure would put new limits on Wall Street banks' speculative bets for their own accounts and their ability to own hedge funds, while leaving the door open for some investment activities. The bill aims to shine a brighter light on some complex financial products, called derivatives, that are blamed for exacerbating the collapse of financial companies such as American International Group and Lehman Brothers. It would force most derivatives onto clearinghouses and exchanges, to better pinpoint the value of the trades. And it would insert a middleman between trades, so that financial firms are less interconnected, to prevent the domino effect of financial firm failures in 2008. "We made a promise in the fall of '08 that we'd do everything in our power to see to it we'd never again put the American public in the position we were in September and early October 2008," Sen. Christopher Dodd, D-Conn., said after the Senate vote. "And we have fulfilled that promise with this legislation." Republicans objected to some of the bill's major provisions, particularly parts that establish the consumer agency and create new rules for the derivatives. While they generally favored more consumer protection and more regulation of derivatives, they argued that the legislation is too heavy-handed in these areas. They also object to the fact that the bill virtually ignores the increasingly insolvent government-owned mortgage giants Fannie Mae and Freddie Mac, beyond studying their problems. "[This bill] is widely expected to stifle growth and kill jobs," said Senate Minority Leader Mitch McConnell, R-Ky. In fact, House Minority Leader John Boehner, R-Ohio, called for the repeal of the reform bill hours before the Senate even passed it. Yet Republican Maine Sens. Olympia Snowe and Susan Collins, as well as Massachusetts Sen. Scott Brown voted for the bill, joining 57 Democrats to limit debate and move forward. One Democrat, Sen. Russ Feingold of Wisconsin opposes the bill, saying it isn't aggressive enough against Wall Street.

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The legislation changes the way Wall Street does business. The Wall Street reform bill passed last week on a 60 to 39 vote. The bill aims to strengthen consumer protection.

Problem: Sex tapes have just been given a 21st century makeover thanks to the new Sex with Google Glass app. Forget mirrors on the ceiling or handheld cameras, couples can now use the wearable technology to record their most intimate moments. The app also lets couples see sex through their partner’s eyes by streaming the view from their respective device. Scroll down for video. The Sex with Google Glass app was created at the Wearable Tech Hackathon in London. During intercourse, each partner can stream what their other half is seeing while wearing the headset. A video is recorded throughout and can be replayed for up to five hours before being deleted automatically. Google has previously taken a firm. stance on apps that feature explicit content, and most famously banned. the pornographic app ‘T*** & Glass’ by developers MiKandi. The. app was downloaded from the developer's website by 17 Google Glass. owners on its debut day, while the site was visited by some 10,000. people before Google pulled the plug. ‘T***. & Glass’ let viewers browse adult content and, with Glass’s. capability of displaying and recording, the app also reportedly let. users record and upload their own intimate content – similar to the Sex. with Google Glass app. Maktabi claims people at Google are aware of the project but he has not had an official word from the firm. Sex with Google Glass was developed by Lebanese product design student Sherif Maktabi during the Wearable Hackathon event in London in November. Explaining why he created the app, Maktabi said: ‘We want to change the way people experience things. ‘We love using design and strategy to disrupt at scale. So when we asked ourselves the question "How can we make sex more awesome with Google Glass?" We came up with Sex with Glass.' The app is controlled via voice commands. For example, saying ‘Ok glass, it’s time’ begins the recording and streaming process. Wearers can then either film their partner during sex, or swipe the side of the device to change the view and perspective. This includes streaming the footage being recorded by the camera on their partner’s device. Wearers can either film their partner during sex, using the camera mounted to the visor, pictured, or swipe the side of the device to change the view. This includes streaming the footage being recorded by the camera on their partner's device. Once intercourse is over, wearers say ‘Ok glass, pull out’ and Glass will create a video of the event. This video can be replayed for up to five hours before being automatically deleted from the app. Saying 'ok glass, it's time' begins the recording and streaming process. Once intercourse is over, wearers say 'ok glass, pull out' If the wearable tech is connected to smart lamps, or other household devices, for example, wearers can control music, lighting and even search the web for sexual positions and other inspiration. Maktabi is studying at London's Central Saint Martins College of Art and Design. Google has previously taken a firm stance on apps that feature explicit content, and most famously banned the pornographic app ‘T*** & Glass’ by developers MiKandi. The app was downloaded from the developer's website by 17 Google Glass owners on its debut day, while the site was visited by some 10,000 people before Google pulled the plug. ‘T*** & Glass’ let viewers browse adult content and, with Glass’s capability of displaying and recording, the app also reportedly let users record and upload their own intimate content – similar to the Sex with Google Glass app. Google launched its Glass, pictured, device in 2012 and only select customers, known as Explorers, have been able to get their hands on the technology. Rumours suggest the glasses will go on general sale later this year.
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Answer:
Sex with Google Glass app was created at the London Wearable Hackathon. A camera on each pair of glasses records what each wearer can see. Wearers then stream their partner's view to watch themselves during sex. Video can be replayed for up to five hours before being deleted.