Could provide access for third world.
Let's see if they can shake up the global satellite network business. Dutch-headquartered O3B Networks is launching a new satellite network that aims to deliver internet access to a section of the populace left without -- the third world. Time will tell, but if successful after its June 24th launch, O3B could be a real game-changer.
Reporters monitored data terminal activity.
The mystery of Wall Street was compromised just a bit when Bloomberg News confirmed a breach of ethics and privacy on Friday afternoon. To the financial industry's alarm, Bloomberg journalists have for years been monitoring the company's data terminals—found in nearly every banking and trading company—for user activity. They monitored what functions of the service subscribers were using, including corporate bond trades and equities indexes. The dustup came to light after a reporter pointed out to a Goldman Sachs partner that he had not logged into his Bloomberg terminal lately. Oops.
Donald Blankenship was the most powerful coal mogul in America, but he could soon be indicted, thanks to 14 years of work by two Pittsburgh lawyers. By Lawrence Leamer.
In February former Massey Energy executive David Hughart stood in a courtroom in Beckley, West Virginia and pleaded guilty to obstructing the work of federal safety inspectors. Massey’s chairman and CEO Donald Blankenship, the most powerful coal baron in the history of the American coal industry, ran the company with an iron fist in an iron glove. He had control over even the smallest detail and most likely would have told his subordinate what to do.
Two towns in California have passed laws requiring newly built homes to install solar panels. Is mandating green energy the wave of the future?
Can you force people to go green?Two cities in the Golden State have recently made it mandatory that new homes install solar panels.On Tuesday, Sebastapol, a small town in the Sonoma Valley, become the second city in the state to pass an ordinance requiring all new buildings and additions to put up solar voltaic panels.The liberal town of Sebastopol has fewer than 8,000 residents and passed the law with little controversy. Sebastopol’s ordinance orders that the solar systems must provide 2 watts of power per square foot or offset 75 percent of the structure’s electricity use.
Highest level in millions of years.
Some records we’d prefer not to be broken. Carbon-dioxide levels in the atmosphere surpassed 400 parts per million for the first time since the U.S. government began recording the concentration of the gas in the air, and likely the first time in millions of years. High levels of carbon dioxide traps heat in the atmosphere and increases global temperatures. The last time it reached 400 parts per million was in the epoch called the Pliocene at least 3 million years ago, when sea levels may have been as much as 60 to 80 feet higher than they are today. For all of human civilization, carbon-dioxide levels have hovered around 280 parts per million.
By Seema Mody, reporter Doing business in the U.S. almost exclusively, rather than expanding abroad, is looking like a pretty good recipe for success.According to Thomson Reuters, 150 of the 500 companies in the S&P 500 make 95 to 100 percent of their revenue inside U.S. borders.Thomson Reuters analyst John Kozey calls them the "Sold in the USA" portfolio, and these basket of stocks on average are outperforming the S&P 500 benchmark on a 12-month and 24-month basis.
Over credit card lawsuits.
Watch out Eric Schneiderman, there’s another rising Democratic attorney general going after banks. In a suit filed by California Attorney General Kamala Harris, the state is accusing JPMorgan Chase of having “committed debt collection abuses against tens of thousands of California consumers.” The thousands of lawsuits filed by JPMorgan allegedly used questionable documents and incomplete court records, creating a deluge of legal abuses for consumers and the state.
The ‘end of journalism as we know it?’ The media’s hysteria over the bogeyman billionaires’ interest in buying Tribune Co. reflects our heretical politics.
When billionaire investment guru Warren Buffett forked over $142 million to purchase 63 newspapers last year, most other newspapers didn’t take much notice. Buffett’s decision seemed backward-looking but deserving of praise: to us journalists, anyone rich and reckless enough to assume the cost of operating a newspaper in this grim media environment was worth celebrating.But absent from the scattered coverage of the Buffett mega-purchase was the usual finger-wagging and moralizing about media concentration and the potential dangers of a politically engaged owner interfering in his newspapers’ political coverage.
Just days after Glenn Beck picked up a deal with the cable provider, he’s back to the headline-grabbing antics that ended his days at Fox News. Does Cablevision know what it’s getting into?
Say this for Glenn Beck: the guy really knows how to make an entrance.Just as it was announced last week that the cable distributor Cablevision has picked up the conservative shock-jock’s fledgling Internet channel, The Blaze, Beck has again found himself fending off a series of controversies of his own making.First, there was his keynote address at the National Rifle Association’s annual convention in which he appeared to compare Mike Bloomberg to Hitler—only to later say that in fact, he was only comparing the New York City mayor to Lenin.
Should students get the same loan rates as banks at the discount window?
Senator Elizabeth Warren (D-MA) has just introduced a new bill, the Bank on Students Loan Fairness Act, to offer student loans at the same rates that the Federal Reserve charges big banks through its discount window lending program. At the moment, that rate is about 0.75%. The rates on federally guaranteed student loans, meanwhile, is set to double to 6.8% this summer."Some may say we can't afford this proposal," said Senator Warren as she introduced the bill.
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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.
Paying a living wage comes at a cost, but it can help the bottom line, says Charney, who... More
Years of abuses at Ranbaxy raise worries about the FDA's oversight of the generics market.