Archive for the 'Economy' Category
U.S. Troops to Remain in Afghanistan, “Perhaps Indefinitely”
November 20th, 2013Via: NBC: While many Americans have been led to believe the war in Afghanistan will soon be over, a draft of a key U.S.-Afghan security deal obtained by NBC News shows the United States is prepared to maintain military outposts in Afghanistan for many years to come, and pay to support hundreds of thousands of […]
Bernankecare
November 19th, 2013Via: Bloomberg: The Federal Reserve’s near-zero interest rate turns five years old next month, the longest period without an increase in history. Coupled with more than $3 trillion of asset purchases, it adds up to “Bernankecare,” said Joshua Brown, chief executive officer of Ritholtz Wealth Management in New York. And it’s causing parts of the […]
Bloomberg News Suspends Reporter Whose Article on China Was Not Published
November 18th, 2013Via: New York Times: A reporter for Bloomberg News who worked on an unpublished article about China, which employees for the company said had been killed for political reasons by top Bloomberg editors, was suspended last week by managers. The reporter, Michael Forsythe, was based in Hong Kong and has written award-winning investigative articles on […]
Screen Time Resulting in Children Turning Up to Doctors with Motor Delays, Decreased Muscle Strength
November 17th, 2013Via: CBS: Tablets and toddlers: A warning for parents of tech-savvy children. The American Academy of Pediatrics says children under two should avoid all screen time. Jessica Kartalija reports doctors and therapists fear too much time on touchscreens could cause long-term damage. Playtime for babies is far different in the 21st century. But parents could […]
NSA Links to St Petersburg Florida Drug Ring
November 17th, 2013Via: Mad Cow Morning News: Skyway Global LLC, the St. Petersburg, FL company that owned the DC-9 airline busted in Mexico carrying 5.5 tons of cocaine, made its headquarters in a 79,000 sq ft building owned by Verint Systems (NASDAQ: VRNT), a foreign tele-communications company with a contract to wiretap the U.S. for the NSA […]
The Wall Street Code
November 16th, 2013Via: Backlight: Research Credit: JF
Apple Spending $10.5 Billion on Automated Manufacturing Equipment
November 16th, 2013Via: Bloomberg: Apple Inc. is putting a record $10.5 billion to work in new technology — from assembly robots to milling machines — that consumers will never see. To get a jump on rivals like Samsung Electronics Co. and lay the groundwork for new products, Apple is spending more on the machines that do the […]
Timothy Geithner Heads to Private Equity Firm Warburg Pincus
November 16th, 2013Via: Politico: Former Treasury Secretary Timothy Geithner, a trusted lieutenant to President Barack Obama who played a leading role in the government’s response to the financial crisis, will join private-equity firm Warburg Pincus LLC in March. On Saturday, the firm, which is headquartered in New York, announced Geithner will hold the titles of president and […]
Ubiquity Eyes Turning Sears Auto Centers into Data Centers
November 16th, 2013Via: Data Center Knowledge: One of America’s retail pioneers may build a brand for the new economy, housing servers where it once changed your oil. Ubiquity Critical Environments, the data center unit of Sears Holdings, is considering a concept to convert some of its Sears Auto Center stores into data centers. It is working with […]
TSA SPOT Program: Billion Dollar Magic 8 Ball
November 16th, 2013Via: GAO: Available evidence does not support whether behavioral indicators, which are used in the Transportation Security Administration’s (TSA) Screening of Passengers by Observation Techniques (SPOT) program, can be used to identify persons who may pose a risk to aviation security. GAO reviewed four meta-analyses (reviews that analyze other studies and synthesize their findings) that […]
