Wall Street is buzzing about Verizon today. The telecommunications giant carried out the biggest sale in the history of the bond market, $49 billion worth of corporate bonds. Verizon will use the money to finance its recent mega deal with Vodafone.
As NPR's Jim Zarroli reports, the sale comes at a time when interest rates are rising. And companies that want to raise money can't afford to lose any time.
Sept. 15 is the anniversary of collapse of Lehman Brothers, which many see as a watershed moment in the financial crisis. We look back at a time when fear and uncertainty gripped financial markets and policymakers around the world and drove the world economy into the Great Recession.
Since the beginning of June, Barton Gellman has been reporting on classified intelligence documents given to him by Edward Snowden, a former National Security Agency contractor. As a result of the Snowden leaks, Gellman and reporter Laura Poitras broke the story of the PRISM program, which mines data from nine U.S. Internet companies, including Microsoft, Yahoo, Google and Facebook.
Originally published on Wed September 11, 2013 4:40 pm
Massachusetts Gov. Deval Patrick said what happened at Logan Airport today was "just dumb."
On the 12th anniversary of Sept. 11, Logan officials OK'd a fire drill that included flames and thick black smoke. Remember, two of the planes used in the terrorist attacks took off from Logan. Peter Wilson of WBZ-TV tweeted this picture of drill:
A screen grab of Elizabeth O'Bagy's appearance on Fox News on Sept. 5. She has been on many news programs in recent days commenting on the Syrian war. She was fired on Wednesday for falsely claiming to have a Ph.D., according to her employer, the Institute for the Study of War.
Originally published on Wed September 11, 2013 2:06 pm
If you're following the Syrian debate, there's a good chance you've come across Elizabeth O'Bagy, an analyst on the Syrian war, who went from obscure think tank analyst to media darling to unemployed in roughly a week.
Here's how she did it.
O'Bagy, 26, was a senior analyst at the Institute for the Study of War in Washington. Her specialty, the Syrian rebels, received only periodic flickers of attention.
Then came the Aug. 21 chemical weapons attack in Syria, followed by President Obama's declared intent to carry out a military strike in Syria.
The new eastern span of the Bay Bridge, connecting Oakland and San Francisco, opened earlier this month. But it's the western span that's now causing controversy.
The California Senate is expected to vote this week to approve a resolution naming the span after Willie Brown, a former San Francisco mayor and state Assembly speaker. The idea sailed through the state Legislature last month, winning approval on a 68-0 vote.
Originally published on Wed September 11, 2013 2:07 pm
Satellite imagery and seismic data have identified two huge underground aquifers in Kenya's drought-prone north, a discovery that could be "a game changer" for the country, NPR's Gregory Warner reports.
The aquifers, located hundreds of feet underground in the Turkana region that borders Ethiopia and South Sudan, contain billions of gallons of water, according to UNESCO, which confirmed the existence of the subterranean lakes discovered with the help of a French company using technology originally designed to reveal oil deposits.
An employee drives a Google Maps Street View car around Palo Alto, Calif. The U.S. Court of Appeals in San Francisco said Tuesday that Google went far beyond listening to accessible radio communication when it drew information from inside people's homes.
Originally published on Wed September 11, 2013 2:20 pm
The U.S. Appeals Court in San Francisco refused Tuesday to dismiss a lawsuit that accuses Google of violating federal wiretapping laws by collecting emails and data about people's Web surfing habits as the company's Street View cars crisscrossed the world.
Millions of people use unencrypted wireless networks in their homes to access the Internet. The lawsuit alleges Google's Street View cars were listening in to those digital conversations and making recordings of the traffic in violation of federal law.