Archive for the 'Economy' Category
Super-Cars Split $10 Million in X Prize Race
September 15th, 2012Via: NBC: A four-seat car that gets 102 miles per gallon is the top winner in a $10 million contest designed to encourage the development of ultra-efficient automobiles. Edison2, a team of racing engineers from Lynchburg, Va., won the $5 million prize in the mainstream-vehicle category of the Progressive Insurance Automotive X Prize. The winners […]
‘There are no technological or economic barriers to converting the entire world to clean, renewable energy sources’
September 15th, 2012“Fifteen years ago I thought solar power was impractical because I thought nuclear power was the answer. But I spent some time on an advisory committee on waste disposal to the Atomic Energy Commission. After that, I began to be very, very skeptical because of the hazards. That’s when I began to study solar power. […]
Cured Too, A Cancer Story By David Triplett
September 14th, 2012Warning: No information that appears on Cryptogon should be considered medical advice. “The pharmaceutical industry is the most lucrative, the most cynical and the least ethical of all the industries. It is like an octopus with tentacles that has infiltrated all the decision making bodies, world health organisations, governments, parliaments, high administrations in health and […]
QE3
September 13th, 2012Via: CNBC: The Federal Reserve fulfilled expectations of more stimulus for the faltering economy, taking aim now at driving down mortgage rates. The Fed said it will buy $40 billion of mortgages per month in an attempt to foster a nascent recovery in the real estate market. The purchases will be open-ended, meaning that they […]
More Americans Opting Out of Banking System
September 13th, 2012Via: Washington Post: In the aftermath of one of the worst recessions in history, more Americans have limited or no interaction with banks, instead relying on check cashers and payday lenders to manage their finances, according to a new federal report. Not only are these Americans more vulnerable to high fees and interest rates, but […]
U.S. Median Income Lowest Since 1995
September 13th, 2012Via: Financial Times: The median income of American households dropped to its lowest level since 1995 last year, extending its decline during President Barack Obama’s tenure and highlighting the depth of the damage to the middle class inflicted by the recession and weak recovery. According to annual data from the Census Bureau, median income adjusted […]
Russian Nuclear-Powered Ice-Breakers
September 12th, 2012Via: Scientific American: Russia’s dream to dominate the Arctic will soon get a boost with a nuclear-powered icebreaker designed to navigate both shallow rivers and the freezing depths of the Northern Sea. Last month Rosatomflot, Russia’s atomic fleet, inked a deal to begin construction of a massive new vessel 170 meters long and 34 meters […]
Alibaba Group Expects Sales This Year to Top Those of Amazon and eBay Combined
September 12th, 2012Via: Reuters: China’s largest e-commerce firm, Alibaba Group, expects to sell merchandise this year worth more than that sold by Amazon Inc and eBay combined, Alibaba’s chief strategy officer said on Saturday. The company is aiming for 3 trillion yuan ($473 billion) in annual transaction value from its Taobao e-commerce units in the next 5 […]
In Which Countries is Coca-Cola Not Sold?
September 12th, 2012Via: BBC: After almost 60 years, Coca-Cola is on sale again in Burma. It’s one of the world’s most recognised brands, so are there any countries where the drinks giant still remains unsold? Coca-Cola says it sells 1.8 billion servings of the drink every day. But for the last six decades, none has been in […]
‘What if Dickens Had Analytics?’
September 12th, 2012I’d still never finish reading Little Dorrit. Via: FastCompany: In addition to the Kindle Fire HD and the Kindle Paperwhite, Amazon introduced a subscription book format at a press conference in Los Angeles Thursday. These books, called “Kindle Serials,” will be released in segments instead of in their entirety. Updates, or “episodes,” automatically appear at […]
