Archive for the 'Economy' Category
Argentina Defaults Again
July 31st, 2014Via: Forbes: Things couldn’t have come out worse. Everyone lost: Argentina defaulted on its sovereign debt for the second time in 12 years, the holdout bond holders were left empty handed, and Federal Judge Thomas Griesa’s strategy to force Argentine to negotiate a settlement with the so-called venture funds failed. Furthermore, a least ditch effort […]
Panasonic and Tesla Sign Agreement for the Gigafactory
July 31st, 2014Via: Tesla Motors: Panasonic Corporation and Tesla Motors, Inc. have signed an agreement that lays out their cooperation on the construction of a large-scale battery manufacturing plant in the United States, known as the Gigafactory. According to the agreement, Tesla will prepare, provide and manage the land, buildings and utilities. Panasonic will manufacture and supply […]
UK to Allow Driverless Cars on Public Roads in January
July 30th, 2014Via: BBC: The UK government has announced that driverless cars will be allowed on public roads from January next year. It also invited cities to compete to host one of three trials of the tech, which would start at the same time. In addition, ministers ordered a review of the UK’s road regulations to provide […]
Collective Punishment in Gaza
July 30th, 2014Via: The New Yorker: Three days after the Israeli Prime Minister Benjamin Netanyahu launched the current war in Gaza, he held a press conference in Tel Aviv during which he said, in Hebrew, according to the Times of Israel, “I think the Israeli people understand now what I always say: that there cannot be a […]
Why Hoboken is Throwing Away All of its Student Laptops
July 30th, 2014In other news: Finns Beat U.S. with Low-Tech Take on School. Via: WNYC: Inside Hoboken’s combined junior-senior high school is a storage closet. Behind the locked door, some mothballed laptop computers are strewn among brown cardboard boxes. Others are stacked one atop another. Dozens more are stored on mobile computer carts, many of them on […]
Billionaire Hedge Fund Manager to Clients: EMP Greatest Risk to Society
July 30th, 2014Yeah, and there were only two seasons of Jericho: Via: CNBC: Billionaire hedge fund manager Paul Singer has issued an unusual warning for investors, calling the threat of a widespread blackout from an electromagnetic surge the “most significant danger” in the world. Called an “electromagnetic pulse” or EMP, the events can occur naturally from solar […]
Australia Bans Reporting of Multi-Nation Corruption Case Involving Malaysia, Indonesia and Vietnam
July 30th, 2014Via: Wikileaks: Today, 29 July 2014, WikiLeaks releases an unprecedented Australian censorship order concerning a multi-million dollar corruption case explicitly naming the current and past heads of state of Indonesia, Malaysia and Vietnam, their relatives and other senior officials. The super-injunction invokes “national security” grounds to prevent reporting about the case, by anyone, in order […]
35 Percent in U.S. Facing Debt Collectors
July 29th, 2014Via: AP: More than 35 percent of Americans have debts and unpaid bills that have been reported to collection agencies, according to a study released Tuesday by the Urban Institute. … The study found that 35.1 percent of people with credit records had been reported to collections for debt that averaged $5,178, based on September […]
The French City of Toulouse Saved 1 Million Euro by Migrating Desktops to LibreOffice
July 28th, 2014Via: European Commission: Toulouse in south-west France is one of the successes of the free software movement, having replaced Microsoft solutions with LibreOffice. Free software and open source in general is now an established part of the city’s comprehensive digital policy, and the open model promotes economic development and employment in the region.
Fox Warner?
July 27th, 2014Via: New York Times: The much-admired Supreme Court Justice Hugo Black may be rolling in his grave at the prospect of a merger between 21st Century Fox and Time Warner Inc., which would reduce control of the major Hollywood studios to five owners, from six, and major television producers to four, from five.
