Archive for November, 2010
Airport Style Security Screenings… To Ride the Bus
November 30th, 2010GM Hiring 1,000 Engineers to Expand Electric-Vehicle Offerings
November 30th, 2010Via: Bloomberg: General Motors Co., the maker of the Chevrolet Volt gasoline-electric car, will hire 1,000 engineers in Michigan to help expand the automakers’ lineup of electric- drive vehicles. The hiring will increase GM’s workforce of electric-vehicle engineers by 50 percent to about 3,000, said Rob Peterson, a spokesman for the Detroit-based company. GM, which […]
More Than 8 Million Drop Out of Credit Card Use
November 30th, 2010Via: AP: More than 8 million consumers stopped using credit cards over the past year. The decline stems from a combination of consumer choices and bank actions. An analysis by credit reporting agency TransUnion found that use of general purpose credit cards bearing MasterCard or Visa logos, or issued by Discover or American Express, fell […]
NAB Computer Debacle Finally Fixed
November 30th, 2010*shaking head* Via: PerthNow: THE last of millions of National Australia Bank (NAB) customers left cashless and embarrassed by a massive computing failure have had their accounts restored. NAB said today that the remaining 19,155 affected customers could now access money in their accounts – six days after the debacle began. Accounts are all up […]
Bond Sales Tumbling in Worst Month Since Lehman Aftermath
November 30th, 2010Via: Bloomberg: Corporate bond sales worldwide are tumbling on concern Ireland’s debt crisis will spread across Europe as returns on the notes approach their worst month since credit markets froze two years ago.
Continuing to Monitor Euro Mess
November 30th, 2010Gold and the dollar are up sharply together this morning on the expanding freak out in Europe. Via: Reuters: The euro zone’s debt crisis deepened on Tuesday as investors pushed the spreads on Spanish, Italian and Belgian bonds to euro lifetime highs and Portugal warned of “intolerable risks” facing its banks. The euro dipped below […]
COMCAST DEMANDS PAYMENTS FROM LEVEL 3 TO DELIVER CONTENT TO ENDUSERS
November 30th, 2010Grim. Via: Level 3 Communications: Level 3 Communications, Inc. (NASDAQ: LVLT) today issued the following statement, which can be attributed to Thomas Stortz, Chief Legal Officer of Level 3: “On November 19, 2010, Comcast informed Level 3 that, for the first time, it will demand a recurring fee from Level 3 to transmit Internet online […]
Rio Violence Creeps Toward the Beach
November 29th, 2010Update: Big Picture Gallery: Rio’s Drug War Via: Boston Globe – Big Picture: A small war took place last week in Rio de Janeiro, Brazil, between Brazilian forces and hundreds of drug traffickers holed up in the shantytown complex dubbed Complexo do Alemão. After recent efforts by officials to pacify Rio’s drug and gang-related violence […]
And Now… “Broad Sacrifice”
November 29th, 2010Via: Bloomberg: President Barack Obama proposed freezing the pay of federal civilian employees this year and next as part of an effort to bring the budget deficit under control. The freeze would hit all civilian workers in the government, including those at the Department of Defense. Military personnel wouldn’t be affected. The move would save […]
Iran Admits Uranium Enrichment Centrifuges Hit by Malware
November 29th, 2010Via: AFP: President Mahmoud Ahmadinejad admitted Monday that “several” uranium enrichment centrifuges were damaged by “software installed in electronic equipment,” amid speculation Iran’s nuclear activities had come under cyberattack. “They were able to create problems on a limited basis for some of our centrifuges by software installed in electronic equipment,” Ahmadinejad told reporters when asked […]
