When you hear the word outsourcing, you might think of threats to American jobs. To cyber experts, there's another threat: to our data.
This week, thousands of the industry's leading minds from around the world are discussing the Internet and security at their annual powwow in San Francisco, the RSA Conference. These topics matter more and more to us non-experts, especially as people become the victims of cybercrime.
Top executives at one of Switzerland's biggest banks said today they're sincerely trying to prevent tax evasion by U.S. citizens. They also said conflicting laws in the two countries make it almost impossible to do that. The chief executive of Credit Suisse appeared before the Senate Permanent Subcommittee on Investigations, which has been looking into the use of secret Swiss bank accounts by Americans.
Originally published on Wed February 26, 2014 1:16 pm
The U.S. Supreme Court ruled today that investor lawsuits may go forward against investment advisors and others for allegedly helping Texas tycoon Allen Stanford in a massive fraud.
Stanford was sentenced to 110 years in prison for bilking investors in a $7 billion Ponzi scheme. The investors who lost money are suing others involved in the scheme, contending that they also engaged in misleading conduct.
One of Bitcoin's largest trading exchanges shut down Tuesday, and you probably couldn't care less.
So what if rumors are circulating that millions of dollars' worth of Bitcoin are stolen? If you don't understand Bitcoin in the first place, it's hard to figure out why this matters. So we're using this as an opportunity to go back to the basics: what this b-word means, where it came from and why it just might matter.
Originally published on Wed February 26, 2014 3:28 pm
One day last year, an engineer and I went to a pizza place for lunch. The engineer told me he wasn't very hungry, but he said he was going to get the 12-inch medium instead of the 8-inch small — because the medium was more than twice as big as the small, and it cost only a little bit more. This sort of blew my mind.
Blair Roberts, a 22-year-old sales associate at Colorado E-Smokes, "vapes" with an electronic cigarette in the Aurora, Colo., store. In the absence of federal rules, Colorado is among states that considered its own age requirements for the nicotine-delivery devices.
NPR's business news starts with sky high costs for airline miles.
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GREENE: And we're not talking about actually buying airline miles. But starting today, Delta Airlines will be the first major carrier to tie frequent flier points to how much you pay for your ticket - not how far you fly. This means in most cases, business-class will earn more points than coach and first class tickets will earn even more.
AdAge reports the national milk industry will drop the famous Got Milk campaign that has run for the last couple of decades - so goodbye to the milk mustache that's adorned the upper lip of many a celebrity.
Top officials of the Swiss bank, Credit Suisse, told a Senate hearing today that they're committed to unearthing tax evasion by U.S. citizens. The Permanent Subcommittee on Investigations released a report yesterday, that the bank was deeply involved in helping Americans hide their money in secret accounts.
If it seems like male authors get more attention, there are hard numbers to back that up: The VIDA count.
VIDA is a women's literary organization, and the "count" is the result of eight months spent tracking gender disparity in leading publications. VIDA tallies the gender of authors whose books are being reviewed as well as the gender of those doing the reviewing.
From NPR News, this is ALL THINGS CONSIDERED. I'm Melissa Block.
The digital currency bitcoin has hit a major hurdle. A leading exchange for bitcoin has halted all transactions and has frozen customer accounts. This exchange is called Mt. Gox. And earlier today, it temporarily disappeared from the Internet. The happened amidst reports that Mt. Gox was hit by an alleged theft that could amount to about six percent of all the bitcoins in circulation.
Originally published on Thu February 27, 2014 6:58 am
Facebook's foray into email ended Monday, when the social media giant quietly retired the email service that many users didn't even know existed. Users received a notice saying the @facebook.com email addresses they deployed are going away.
"We're making this change because most people haven't been using their Facebook email addresses, and we wanted to make it easier to view all your emails in one place," the message read.
Now we turn from government finance to personal finance. As fewer and fewer American workers receive traditional pension benefits, many are looking to 401(k)s to support them after they leave the workforce. The U.S. Department of Labor estimates that 88 million Americans now have these accounts. But now some employers are changing the way those accounts are handled, and that could force workers to reassess how to prepare for retirement.
"The website of major bitcoin exchange Mt. Gox was offline Tuesday amid reports it suffered a debilitating theft, a new setback for efforts to gain legitimacy for the virtual currency," The Associated Press reports.
NPR's business news starts with LinkedIn in Chinese.
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MONTAGNE: The online professional network is launching a Chinese language website to expand its presence in China. LinkedIn's English site has been available in China for years. The company hopes to draw 140 million new users with its Chinese-language site, according to The Wall Street Journal.
View of central crossing of the central hub island, one of dozens of man-made islands envisioned by Rice University architecture students. The islands would serve as a floating city for oil workers off the coast of Brazil.
For those of you keeping track of the headlines detailing sexual assault and hazing at frat houses, it may come as no surprise that fraternities have a dark side. Caitlin Flanagan, a writer at The Atlantic, spent a year investigating Greek houses and discovered that "the dark power of fraternities" is not just a power over pledges and partygoers but one held over universities as well.
Originally published on Mon February 24, 2014 6:25 pm
If you are in the middle of a House of Cards binge, the news from Netflix over the weekend is good — video streaming quality will improve. After reports of declining performance in recent months, Netflix — which accounts for 30 percent of broadband traffic — cut a deal with Comcast to pay the cable provider for direct access to its systems.
Netflix is hoping that a deal it has struck with Comcast will mollify some of its unhappy customers. The company announced yesterday that it will pay to connect Comcast's broadband network more directly. That means Netflix customers should get faster, smoother access to programs like "House of Cards." The deal could serve as a model to help the company resolve disputes with other big Internet service providers.