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OOH AAH

Scientists Make Embryonic Cells

Stem cells on screen in Farmington, Conn. (Spencer Platt/Getty)

Study is “significant step forward” for stem cell research.

In a groundbreaking announcement for stem cell research, scientists at Oregon State University reported that they have discovered a way to turn human skin cells into embryonic cells. The successful experiment—the first to date—involves transplanting human DNA into an egg cell where all genetic material has been removed. A senior scientist in the study, Shoukhrat Mitalipov, called the breakthrough a “significant step forward…in regenerative medicine.” The news is of vital importance to the stem cell research community as it would allow the creation of the type of stem cell capable of transforming into any other type of human cell, without the use of an embryo.

Read it at AFP

Unfriend

Our Bea Arthur Boob Scandal

Paul Sakuma/AP

It was an innocent story about the art market, that happened to include a nude image of everyone’s favorite Golden Girl. Facebook disagreed. Brian Ries on an unjust ban.

In the end, I was done in by Bea Arthur’s boobs.As the social media editor for The Daily Beast, I have posted countless potentially offensive stories on our Facebook page, from the sexual proclivities of porn stars to purported cannibalism in Syria. But not until we linked to a piece about the Golden Girl’s breasts did Facebook shut us down.For a crime that wasn’t a crime. For a so-called offensive image that was an actual piece of art valued at roughly $2 million.

Seed-Stealer

Why Monsanto’s Big Win Matters

J. Scott Applewhite/AP

The Supreme Court’s ruling in favor of Monsanto’s soybean patent is a victory for the protection of intellectual property, writes Paul Campos.

A strange aspect of human psychology, at least in this culture, is that many people who would never dream of shoplifting a CD or stealing a car feel no compunction at all about stealing intellectual property.An example of this moral incongruity is provided by a new Supreme Court decision dealing with patent law. On Monday, the court ruled that a farmer in Indiana was breaking the law by replanting seeds harvested from a crop of genetically modified soybean plants, which were originally the invention of Monsanto.

CHARGE

Tesla Pays Back the Gov’t

Paul Sakuma/AP

The electric sports car maker is using a debt offering to repay a $465 million government loan – nine years before it is due.

Tesla Motors, the electric sports car start-up, and its founder, Elon Musk, are on something of a roll.The company just turned its first (small) quarterly profit, and the stock has been soaring. On Wednesday, the company moved to cash in on the momentum – by issuing some $830 million in stock and debt. The company announced it would sell 2.7 million shares of common stock, plus $450 million of debt, in the former of senior notes.There are a few interesting things going on here.

Google Invests in Drone Company Airware

Don Ryan/AP

The technology company is joining other venture capitalists investing in Airware, which makes operating systems for commercial drones.

By Leo Mirani Drones have a terrible reputation, mostly because they have become a byword for death and destruction. But drones can be used for nonlethal means as well, such as this project to protect rhinos from poachers in India.Many expect those nonlethal uses to spread—but Google’s venture-capital arm believes it more than most (even if Eric Schmidt, Google’s chairman, might disagree). Andreessen Horowitz, one of Silicon Valley’s most prominent venture firms, and Google Ventures are investing $10.

#WARNING

NOAA Examines Sandy Response

NOAA, via AP

The government agency charged with monitoring approaching storms has issued a post-mortem on Sandy. Among the conclusions: the NOAA needs more than one storm-surge modeler and a better social media strategy.

As Sandy approached landfall six months ago, news media struggled to decide what to call the meteorological phenomenon. Hurricane Sandy? Post-Tropical Cyclone Sandy? Extratropical Cyclone Sandy? This terminological chaos, which eventually gave rise to terms like “Superstrom” and “Frankenstorm,” was partly the result of debates within the National Oceanic and Atmospheric Administration, which the agency details in a post-Sandy service assessment released today.

Big Plans

Google to Start Streaming Music

Justin Sullivan/Getty

Launched its new service at developers’ conference.

Make room, Pandora. A new music-streaming service is coming to town. At its annual developers conference on Wednesday, Google announced the launch of its new program that will provide unlimited music to users for $9.99 a month. Clearly, the choice to follow in the footsteps of companies like Spotify and Pandora, and the fact they did so before Apple, was viewed as a wise move, as Google saw a 2 percent jump in its shares on the New York Stock Exchange after making the announcement. Pandora’s shares, on the other hand, took a 0.4 percent drop. 

Read it at Reuters

Roll Back

Walmart Opts Out of Safety Agreement

DON EMMERT / AFP

Calls regulations in Bangladesh unnecessary.

The agreement on worker safety and building regulations in Bangladesh intended to prevent disasters like the factory fire in November and the factory collapse earlier this month will be missing one major retailer: Walmart. Even though major names like H&M, Zara, Primark, Tesco, Sainsbury’s, and more signed the agreement, Walmart opted out, saying that the deal was “unnecessary to achieve fire and safety goals.” Instead, the retail giant created its own agreement, which it claims goes above and beyond the regulations outlined in the current deal. The difference: Walmart’s manifesto is not legally binding.

Read it at The Guardian

Where’d It Go

While Washington Slept

Jacquelyn Martin

A funny thing happened on the way to America’s becoming the next Greece. As D.C. was consumed with scandals, the fiscal 2013 deficit shrank. A lot.

On Tuesday, Washington was consumed with a series of scandals, nonscandals, and tail-eating—Benghazi, the Internal Revenue Service, the AP. So much so that the biggest policy and political story of the day was largely ignored. You could search in vain on Politico’s front page for articles about the Congressional Budget Office’s bombshell report that the fiscal 2013 deficit would come in at $642 billion—$200 billion smaller than its February estimate, and down a stunning $447 billion, or 41 percent, from last year.

Milked out

Down With the Soviet-Style Dairy Program

I agree with John Boehner: the dairy program in the farm bill is "Soviet-style." Therefore, it's a huge disappointment that a bipartisan effort to streamline the program just failed in the House of Representatives:An amendment to gut the dairy program sponsored by Rep. Bob Goodlatte (R-Va.) and Rep. David Scott (D-Ga.) was defeated on a 20 to 26 vote. ...Goodlatte argued that dairy should have access to margin insurance without a requirement that farmers participate in a program to limit production.

Colbert Rips 'Spreadsheet Error' in Austerity Supporting Harvard Study

After a University of Massachusetts student found significant errors in a study beloved by budget cutters world over by Harvard economists Kenneth Rogoff and Carmen Reinhart, Stephen Colbert does what he does best -- leaves them in the dust.

  1. Twitter Hates George Osborne Play

    Twitter Hates George Osborne

  2. See-Through and Scandalous Play

    See-Through and Scandalous

  3. Cyprus Delays Deposit-Tax Vote Play

    Cyprus Delays Deposit-Tax Vote

Business

Daniel Gross

Asymmetrical Information

Megan McArdle

Congress to Grill Apple CEO About Taxes

Congress to Grill Apple CEO About Taxes

Apple has avoided billions in taxes. Congress says it wants to know why. But we know why—and it’s probably not going to change.

Latest from The Daily Beast

Obama’s War on Journalism

Obama’s War on Journalism

Because they tend to share his broad outlook on politics, too many journalists for too long have been in the tank for Obama, writes Nick Gillespie.