To quote Larry Kudlow: Free market capitalism is the best path to prosperity! Freedom of thought and free markets have led to the greatest advances in living standards in human history. Matters of business and free enterprise are discussed on this blog. Included are company press releases, 3rd party news articles and videos, articles and videos pertaining to small business, and white collar crime.
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Tuesday, January 31, 2017
Co-design centers to help make next-generation exascale computing a reality
The next generation of supercomputers will help researchers tackle increasingly complex problems through modeling large-scale systems, such as nuclear reactors or global climate, and simulating complex phenomena, such as the chemistry of molecular interactions.
http://www.anl.gov/articles/co-design-centers-help-make-next-generation-exascale-computing-reality
http://www.anl.gov/articles/co-design-centers-help-make-next-generation-exascale-computing-reality
IBM: Your Computer Can Help Scientists Search for New Childhood Cancer Treatments
TOKYO, Japan; HONG KONG, China & HARTFORD, United States - 31 Jan 2017: Medical researchers and IBM (NYSE: IBM) are asking for the public's help in finding prospective treatments for childhood cancers.
http://www-03.ibm.com/press/us/en/pressrelease/51504.wss
http://www-03.ibm.com/press/us/en/pressrelease/51504.wss
Sberbank Rehauls Corporate Online Banking with Digital Marketplace Designed with IBM
From IBM:
Sberbank serves nearly 1.5 million corporate clients across Russia, every third Russian enterprise registered as legal entity. In Sberbank, small and medium businesses account for 35 percent of the corporate loans portfolio. To serve its corporate clients, Sberbank’s previous platform couldn’t handle the increased online activity from clients as they engaged with digital services.
Sberbank Rehauls Corporate Online Banking with Digital Marketplace Designed with IBM
Select a topic or year
MOSCOW, Russia - 26 Jan 2017: IBM (NYSE: IBM) announced that Sberbank, Russia’s largest bank and a leading global financial institution, has launched a new corporate online banking platform designed together with IBM iX to deliver an enhanced online banking experience for small and medium businesses.
Sberbank turned to IBM iX to transform the online solution by creating a new banking experience for corporate customers. Using Design Thinking methodology, IBM iX, together with Sberbank, created an online banking platform featuring a digital marketplace aimed to maximize the ease of purchasing key products and services.
“The amount of offline operations performed at Sberbank branches by corporate clients shrinks by 25 percent every quarter, as more clients wouldn’t accept any other way of communication but digital. Our goal is to have no more paperwork in communicating with our clients by the end of 2017,” said Anatoly Popov, senior vice-president of the Corporate Business unit at Sberbank.
“For us, the most exciting part was that we gained business trust and worked closely with Sberbank's clients, focusing on their actual needs and converting them into a totally new solution. This is a successful collaboration story which united all capabilities of IBM iX including consulting, design and web development in creating an innovative digital product for the market,” said Evgeny Sokolov, partner, leader of IBM Interactive Experience, Russia and CIS.
IBM iX is now working on deepening the knowledge of the needs of the largest businesses in Russia by helping Sberbank to create game-changing services and products, which would secure its leadership in the market.
There are more than 30 IBM Studio’s located worldwide, including Moscow. For more about IBM iX, please visit http://www.ibm.com/ibmix.
About Sberbank
Sberbank is Russia’s largest bank and a leading global financial institution. Sberbank holds almost one third of aggregate Russian banking sector assets, it is the key lender to the national economy and the biggest deposit taker in Russia. The Central Bank of the Russian Federation is the founder and principal shareholder of Sberbank owning 50% of the Bank's authorized capital plus one voting share, with the remaining 50% held by domestic and international investors. Sberbank has more than 135 million individual customers and more than 4 million corporate clients in 20 countries. Sberbank has the largest distribution network in Russia with almost 17,000 branches, and its international operations include UK, US, CIS, Central and Eastern Europe, India, China, Turkey and other countries.
The Bank holds the general banking license No.1481 issued by the Bank of Russia. Visit the official websites of the Bank at www.sberbank.ru.
Australian Open And IBM Analytics Bring Insights To The Tennis Court
From IBM:
For the first time at the tournament, SlamTracker is available through the Australian Open mobile app, allowing fans to stay close the action, no matter where they are. Also new this year, SlamTracker is offering real-time analytics on players and how they are likely to perform under “pressure situations” within a match, such as a tie break, based on their playing style and historical data. This insight will be available to fans from week two of the tournament, when the intensity of competition and pressure on players really kicks in. The new capability is underpinned by IBM’s BlueMix cloud technology, to facilitate faster delivery of insights and greater scalability.
Australian Open And IBM Analytics Bring Insights To The Tennis Court
IBM and Tennis Australia introduce deeper insights and new digital experiences for fans of the 2017 Australian Open
Select a topic or year
MELBOURNE, AUSTRALIA - 26 Jan 2017: IBM (NYSE: IBM) and Tennis Australia today announced new digital capabilities that are further enhancing the fan experience at the Australian Open 2017. This includes IBM serving new richer real-time player insights via IBM SlamTracker analytics, now available within the tournament's mobile app.
“We take a fan-first approach to every Australian Open, and this year we have taken a step further to provide a full end-to-end digital experience to spectators in Australia and around the world,” said Primoz Trcek, CIO, Tennis Australia. “In 2016 more than 2 million unique visitors accessed the mobile Australian Open site, indicating an increasing appetite to access match stats on the go. By offering SlamTracker analytics in the app, specially designed for mobile consumption, we’re ensuring that all fans, whether in the stadium, travelling on the Melbourne tram or watching from the other side of the world, are able to receive up-to-date information in real time.”
“Similar to other fans increasingly choosing mobile to consume and engage with their favorite sports, the Australian Open mobile experience is all about connecting the consumer to the action on the court. Moving to a cloud platform gives Tennis Australia the agility it needs to react quickly in order to provide faster and more in-depth insights to fans,” said Ian Wong, IBM Interactive Experience.
IBM’s decades of experience transforming the fan experience at all four tennis Grand Slams, Melbourne Spring Fashion Week, and other global sports and entertainment events is helping Tennis Australia to create unique and engaging experiences for its fans.
For more information about IBM visit www.ibm.com/australianopen.
IBM Expands Choices for PowerAI Developers with TensorFlow
From IBM:
As one of the fastest growing fields of machine learning, deep learning makes it possible to process enormous datasets with millions or even billions of elements and extract useful predictive models. Deep learning is transforming the businesses of leading consumer Web and mobile application companies, and it is quickly being adopted by more traditional business enterprises as well.
IBM Expands Choices for PowerAI Developers with TensorFlow
Select a topic or year
ARMONK, N.Y. - 26 Jan 2017: IBM (NYSE: IBM) today announced that its PowerAI distribution for popular open source Machine Learning and Deep Learning frameworks on the POWER8 architecture now supports the TensorFlow 0.12 framework that was originally created by Google. TensorFlow support through IBM PowerAI provides enterprises with another option for fast, flexible, and production-ready tools and support for developing advanced machine learning products and systems.
IBM developed PowerAI, enterprise distribution and support for open-source machine and deep learning frameworks used to build cognitive applications. PowerAI helps reduce the complexity and risk of deploying these open source frameworks for enterprises on the Power architecture. PowerAI is tuned for performance. It offers enterprise support on IBM Power Systems S822LC for HPC platforms used by thousands of developers in commercial, academic and hyperscale systems environments. These Power systems are built with IBM’s POWER8 with NVIDIA NVLink processor that is linked via the high-speed NVLink interface to NVIDIA’s Tesla Pascal P100 GPU accelerators. The CPU to GPU and GPU to GPU NVLink connections give a performance boost to deep learning and analytics applications.
In addition, deep learning and other machine learning techniques are being deployed across a wide range of industry sectors including banking, the automotive industry and retail.
“TensorFlow is quickly becoming a viable option for companies interested in deploying deep learning for tasks ranging from computer vision, to speech recognition, to text analytics,” said Rajat Monga, engineering leader for TensorFlow. “IBM’s enterprise offering of TensorFlow will help organizations deploy this framework -- we’re glad to see this support.”
IBM Technology Support Services will build upon its optimal hardware support services by investing and launching a new innovative enterprise software support offering that gives clients the integrated support they need on the PowerAI stack for a competitive advantage. Further, IBM Global Business Solutions established a deep learning design and development team as part of its Cognitive Business Solutions practice to help build solutions on the PowerAI platform, while making use of popular frameworks such as Tensorflow. The team is dedicated to helping clients realize the transformative value of cognitive solutions, while combining the world of design thinking and PowerAI solution development to bring deep learning services to the enterprise.
“Every enterprise is looking at emerging artificial intelligence methods to take advantage of the data they now have access to,” said Ken King, IBM general manager for OpenPOWER. “Our PowerAI software offering curates, packages, and provides enterprise-level support for the major deep learning frameworks like TensorFlow, to enable enterprises to easily use these new AI methods to build new computer models for analyzing their data.”
IBM also added the Chainer deep learning framework to the latest release of PowerAI. PowerAI now includes CAFFE, Chainer, TensorFlow, Theano, Torch, NVIDIA DIGITS, and several other machine and deep learning frameworks and libraries and is available for download fromhttps://www.ibm.com/us-en/marketplace/deep-learning-platform.
Apple ends losing streak with $78 billion quarter - Jan. 31, 2017
Apple's losing streak is finally over.
Apple's (AAPL, Tech30) sales started growing again in the December quarter, driven by stronger demand for the iPhone. It had reported three consecutive year-over-year sales declines.
Apple ends losing streak with $78 billion quarter - Jan. 31, 2017
Apple's (AAPL, Tech30) sales started growing again in the December quarter, driven by stronger demand for the iPhone. It had reported three consecutive year-over-year sales declines.
Apple ends losing streak with $78 billion quarter - Jan. 31, 2017
Humans lick their wounds after losing to AI in poker - Jan. 31, 2017
After 20 grueling days, the humans had to admit it.
The best poker player at Rivers Casino in Pittsburgh wasn't a human, but a machine.
Humans lick their wounds after losing to AI in poker - Jan. 31, 2017
The best poker player at Rivers Casino in Pittsburgh wasn't a human, but a machine.
Humans lick their wounds after losing to AI in poker - Jan. 31, 2017
Sheldon Adelson pulls out of Raiders' stadium deal in Las Vegas - Jan. 31, 2017
The Raiders will have to get $650 million from someone else, because Sheldon Adelson is out.
The billionaire casino mogul had pledged that money to help the team relocate and build a stadium in Las Vegas.
Sheldon Adelson pulls out of Raiders' stadium deal in Las Vegas - Jan. 31, 2017
The billionaire casino mogul had pledged that money to help the team relocate and build a stadium in Las Vegas.
Sheldon Adelson pulls out of Raiders' stadium deal in Las Vegas - Jan. 31, 2017
Super Bowl LI will be the first we can watch in virtual reality - Jan. 31, 2017
This may be the 51st Super Bowl, but it's the first to be broadcast in virtual reality.
The whole game won't be in VR, but Fox and its VR partner LiveLike will feature 20 game highlights in the new format.
Super Bowl LI will be the first we can watch in virtual reality - Jan. 31, 2017
The whole game won't be in VR, but Fox and its VR partner LiveLike will feature 20 game highlights in the new format.
Super Bowl LI will be the first we can watch in virtual reality - Jan. 31, 2017
Oprah Winfrey becoming a contributor to CBS' '60 Minutes' - Jan. 31, 2017
Oprah Winfrey will contribute several stories to the coming season of "60 Minutes," CBS announced Tuesday.
The deal joins one of the most famous women in the world with the most prestigious newsmagazine on television.
Oprah Winfrey becoming a contributor to CBS' '60 Minutes' - Jan. 31, 2017
The deal joins one of the most famous women in the world with the most prestigious newsmagazine on television.
Oprah Winfrey becoming a contributor to CBS' '60 Minutes' - Jan. 31, 2017
'Father of Pac-Man' dead at 91 - Jan. 30, 2017
The arcade trailblazer known as the Father of Pac-Man has died at 91.
Masaya Nakamura founded Namco, the Japanese company behind the wildly popular dot-munching video game, in 1955. It began with two electric horses on the roof of a department store. The company became Bandai Namco after its merger with a gaming company in 2005.
'Father of Pac-Man' dead at 91 - Jan. 30, 2017
Masaya Nakamura founded Namco, the Japanese company behind the wildly popular dot-munching video game, in 1955. It began with two electric horses on the roof of a department store. The company became Bandai Namco after its merger with a gaming company in 2005.
'Father of Pac-Man' dead at 91 - Jan. 30, 2017
Car2go is (mostly) ditching its iconic tiny Smart cars - Jan. 30, 2017
Car2go, which has long been synonymous with pint-sized Smart cars, is ready to supersize itself.
The car-sharing service is rolling out Mercedes-Benz CLAs and GLAs in six North American cities. According to Paul DeLong, CEO of Car2go North America, most of its fleet will be the larger vehicles by year's end. The sedans and SUVs are on the smaller size, offering more room than the Smart cars, but still meant to be easily parked on crowded streets. Some of the Smart cars will remain for drivers who want the cheaper option.
Car2go is (mostly) ditching its iconic tiny Smart cars - Jan. 30, 2017
The car-sharing service is rolling out Mercedes-Benz CLAs and GLAs in six North American cities. According to Paul DeLong, CEO of Car2go North America, most of its fleet will be the larger vehicles by year's end. The sedans and SUVs are on the smaller size, offering more room than the Smart cars, but still meant to be easily parked on crowded streets. Some of the Smart cars will remain for drivers who want the cheaper option.
Car2go is (mostly) ditching its iconic tiny Smart cars - Jan. 30, 2017
Monday, January 30, 2017
Friday, January 27, 2017
Thursday, January 26, 2017
'Star Wars: Episode VIII' official title revealed - Jan. 23, 2017
"Star Wars: The Last Jedi."
That is the official title of the upcoming "Star Wars: Episode VIII," Disney announced on Monday.
'Star Wars: Episode VIII' official title revealed - Jan. 23, 2017
That is the official title of the upcoming "Star Wars: Episode VIII," Disney announced on Monday.
'Star Wars: Episode VIII' official title revealed - Jan. 23, 2017
Wednesday, January 25, 2017
Saturday, January 21, 2017
Thursday, January 19, 2017
Wednesday, January 18, 2017
Tuesday, January 17, 2017
Monday, January 16, 2017
US Navy, Raytheon generate Tomahawk missile flight plans in real time to strike time-sensitive targets
SAN NICOLAS ISLAND, Calif., Jan. 11, 2017 /PRNewswire/ -- The U.S. Navy and Raytheon Company (NYSE: RTN) completed two flight tests of the Tomahawk Block IV cruise missile, demonstrating how missions can now be planned in real time to strike time-sensitive targets.
http://raytheon.mediaroom.com/2017-01-11-US-Navy-Raytheon-generate-Tomahawk-missile-flight-plans-in-real-time-to-strike-time-sensitive-targets
http://raytheon.mediaroom.com/2017-01-11-US-Navy-Raytheon-generate-Tomahawk-missile-flight-plans-in-real-time-to-strike-time-sensitive-targets
Standard Missile-6 approved for international sales
TUCSON, Ariz., Jan. 10, 2017 /PRNewswire/ -- The U.S. Department of Defense has approved the release of Raytheon Company's (NYSE: RTN) Standard Missile-6 to several international customers. Many of the approved countries are seeking the multi-mission SM-6 to bolster their shipbuilding programs.
http://raytheon.mediaroom.com/2017-01-10-Standard-Missile-6-approved-for-international-sales
http://raytheon.mediaroom.com/2017-01-10-Standard-Missile-6-approved-for-international-sales
US Navy’s AN/AES-1 Airborne Laser Mine Detection System (ALMDS) Achieves Initial Operational Capability
The first of its kind in mine warfare designed and manufactured by Northrop Grumman
http://news.northropgrumman.com/news/releases/us-navys-anaes-1-airborne-laser-mine-detection-system-almds-achieves-initial-operational-capability
http://news.northropgrumman.com/news/releases/us-navys-anaes-1-airborne-laser-mine-detection-system-almds-achieves-initial-operational-capability
Historic Cape Canaveral Building Gets New Lockheed Martin Tenants
Historic Cape Canaveral Building Gets New Lockheed Martin Tenants: The U.S. Navy and Lockheed Martin (NYSE: LMT) cut the ribbon on a newly-renovated facility at Cape Canaveral Air Force Station on Jan. 4. Nearly 200 Lockheed Martin employees who work on the Navy’s Fleet Ballistic Missile program will move into the facility over the next few months.
Lockheed Martin’s Latest Electronic Warfare System for Helicopters to Safeguard U.S. Navy Against Anti-Ship Missile Threats
Lockheed Martin’s Latest Electronic Warfare System for Helicopters to Safeguard U.S. Navy Against Anti-Ship Missile Threats: SYRACUSE, N.Y., JAN. 12, 2017 – Lockheed Martin [NYSE: LMT] will build on its 45-year legacy of integrated electronic warfare system success under a newly awarded U.S. Navy development contract...
Sikorsky Awarded DARPA ALIAS Phase 3 Contract to Increase Aircraft Autonomy
DARPA's ALIAS program is leveraging advances in autonomy to reduce pilot workload, augment mission performance, and improve aircraft safety and reliability. DARPA is working with Sikorsky to improve and expand the capabilities developed through a tailorable autonomy kit for installation in both fixed wing airplanes and helicopters.
Sikorsky Awarded DARPA ALIAS Phase 3 Contract to Increase Aircraft Autonomy: Sikorsky, a Lockheed Martin (NYSE: LMT) company, has won the contract for Phase 3 of the Defense Advanced Research Projects Agency's (DARPA) Aircrew Labor In-Cockpit Automation System (ALIAS) program.
Sikorsky Awarded DARPA ALIAS Phase 3 Contract to Increase Aircraft Autonomy: Sikorsky, a Lockheed Martin (NYSE: LMT) company, has won the contract for Phase 3 of the Defense Advanced Research Projects Agency's (DARPA) Aircrew Labor In-Cockpit Automation System (ALIAS) program.
Sikorsky - PZL Mielec Plans Caribbean and Latin American Tour to Demonstrate Multirole Capabilities of the M28 Short Takeoff and Landing Airplane
STRATFORD, Conn., Jan. 11, 2017 /PRNewswire/ -- Sikorsky, a Lockheed Martin company, and its PZL Mielec affiliate will launch a two-month, 13-city tour across seven Caribbean and Latin American countries in early 2017 to demonstrate the short take-off and landing capabilities of the M28 twin turboprop airplane.
Sikorsky - PZL Mielec Plans Caribbean and Latin American Tour to Demonstrate Multirole Capabilities of the M28 Short Takeoff and Landing Airplane: Sikorsky, a Lockheed Martin company, and its PZL Mielec affiliate will launch a two-month, 13-city tour across seven Caribbean and Latin American countries in early 2017 to demonstrate the short...
Sikorsky - PZL Mielec Plans Caribbean and Latin American Tour to Demonstrate Multirole Capabilities of the M28 Short Takeoff and Landing Airplane: Sikorsky, a Lockheed Martin company, and its PZL Mielec affiliate will launch a two-month, 13-city tour across seven Caribbean and Latin American countries in early 2017 to demonstrate the short...
Lockheed Martin and Accurate Machine and Tool Collaborate Under Mentor-Protege Agreement
From Lockheed Martin:
HUNTSVILLE, Ala., Jan. 11, 2017 – Lockheed Martin (NYSE: LMT) is working with locally-based Accurate Machine and Tool (AMT), preparing the company to serve a wider array of potential customers and increase opportunities to bid on government work as a prime contractor in the future. The partnership is part of the Department of Defense’s Mentor-Protégé Program, which encourages prime contractors to serve as mentors in developing the technical and business capabilities of small businesses.
Under a three-year contract awarded by the Missile Defense Agency in April, Lockheed Martin is assisting AMT with refining its manufacturing and management processes to better serve its aerospace, defense and commercial customers. AMT currently manufactures products for Lockheed Martin’s Terminal High Altitude Area Defense (THAAD), F-35 Lightning II and Orion spacecraft programs.
“Lockheed Martin partnered with Accurate Machine and Tool in a mentor-protégé agreement because of AMT’s outstanding quality, versatility, adaptability and proactive execution of THAAD Peculiar Support Equipment,” said Tom Smiley, Lockheed Martin THAAD Project Manager.
AMT is a woman-owned small business specializing in hardware integration and support manufacturing services. The company employs 37 people in Madison, Alabama, and has an AS-9100C and ISO-9001:2008 certified Quality Management System.
“AMT is looking forward to broadening our relationship with Lockheed Martin and considers our partnership an opportunity to explore new ideas, expand our integration capability, sharpen our expertise and posture us for continued growth,” said Norris Simons, AMT Vice President and General Manager.
For additional information, visit our websites: www.lockheedmartin.com/suppliers and www.acctool.net
About Lockheed Martin
Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 98,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.
Last Look Before Lift-Off: SBIRS GEO Flight 3 Encapsulated for Launch
From Lockheed Martin:
The Lockheed Martin-built SBIRS missile warning satellite was enclosed in its protective launch vehicle fairing for Jan. 19 launch
CAPE CANAVERAL AIR FORCE STATION, Fla., Jan. 10, 2017 /PRNewswire/ -- The U.S. Air Force's next Space Based Infrared System (SBIRS) Geosynchronous Earth Orbit (GEO) satellite, built by Lockheed Martin (NYSE: LMT), was encapsulated on Jan. 7at Cape Canaveral, Florida, where it will launch on Jan. 19 aboard a United Launch Alliance Atlas V rocket. Encapsulation refers to the sealing of the satellite in a protective launch vehicle fairing—one of the last steps a satellite must undergo before launch.
The SBIRS GEO Flight 3 satellite is the latest to join an orbiting network of satellites equipped with powerful scanning and staring sensors that collect and transmit infrared surveillance information to relay ground stations. This information is used by the U.S. military to detect missile launches, support ballistic missile defense, expand technical intelligence gathering and bolster situational awareness on the battlefield. While SBIRS' primary mission is strategic missile warning, infrared data will also be made available for new qualified military and civilian uses at the Air Force's recently opened Tools, Applications and Processing Lab in Boulder, Colorado.
"The satellite's successful delivery and encapsulation closes out a manufacturing process that Lockheed Martin has continued to streamline with each build, driving significant schedule and cost reductions into the SBIRS program," said David Sheridan, vice president of Lockheed Martin's Overhead Persistent Infrared systems mission area. "With its launch, the addition of GEO Flight 3 into the constellation will greatly enhance SBIRS' ability to provide resilient, space-based infrared surveillance capabilities for decades to come."
The satellite's journey to launch began at Lockheed Martin's Sunnyvale, California, facility, where it was built, integrated and thoroughly tested. For its trip to Florida, the satellite was loaded aboard a C-5 Galaxy aircraft at nearby Moffett Federal Air Field.
The next SBIRS satellite, GEO Flight 4, is in storage and will undergo final assembly, integration and test prior to its planned 2017 launch. SBIRS GEO-5 and GEO-6, which are currently in production, incorporate Lockheed Martin's new modernized A2100 spacecraft to dramatically reduce costs and cycle times while increasing the potential to incorporate future advanced sensor suites.
The SBIRS development team is led by the Remote Sensing Systems Directorate at the U.S. Air Force Space and Missile Systems Center, Los Angeles Air Force Base, California. Lockheed Martin Space Systems, Sunnyvale, California, is the SBIRS prime contractor, with Northrop Grumman Aerospace Systems, Azusa, California, as the payload integrator. The 460th Space Wing, Buckley Air Force Base, Colorado, operates the SBIRS system.
For additional SBIRS information, photos and video visit: www.lockheedmartin.com/sbirs.
About Lockheed Martin
Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 98,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.
Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 98,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.
Globalization can be remade to work for everyone - Jan. 16, 2017
Business leaders gathering in Davos are uncomfortable: The full force of 2016's protest votes in the U.S. and U.K. is about to hit, and Donald Trump's inauguration may signal an abrupt reversal to 30 years of globalization.
These have been golden years for business. Liberalized competitive markets plus new technologies have made it possible for corporations to build profitable global operations.
Globalization can be remade to work for everyone - Jan. 16, 2017
These have been golden years for business. Liberalized competitive markets plus new technologies have made it possible for corporations to build profitable global operations.
Globalization can be remade to work for everyone - Jan. 16, 2017
Sunday, January 15, 2017
South Korean prosecutors seek to arrest Samsung heir - Jan. 16, 2017
Prosecutors have issued an arrest warrant for Samsung's heir apparent over allegations of bribery, perjury and embezzlement.
The move against Samsung Electronics Vice Chairman Lee Jae-yong on Monday is part of an investigation into a massive political corruption scandal that has shaken South Korea's political and business elites.
South Korean prosecutors seek to arrest Samsung heir - Jan. 16, 2017
The move against Samsung Electronics Vice Chairman Lee Jae-yong on Monday is part of an investigation into a massive political corruption scandal that has shaken South Korea's political and business elites.
South Korean prosecutors seek to arrest Samsung heir - Jan. 16, 2017
Food Pantries Are Getting Smaller to Better Serve Communities (Watch)
Today’s food pantries are getting a makeover. In past years, communities would rely on local charity organizations and churches to collect food and other needed goods and then wait for families in need to ask for help. But there are some issues with that process.
For one, even those who have genuine needs aren’t always willing to go out of their way to ask for help. And charity organizations that serve larger communities might not always have the ability or the resources to really target their offerings to the specific needs of their communities.
Food Pantries Are Getting Smaller to Better Serve Communities (Watch)
Sports Doping and the Difficult Fight to Prevent It - SPIEGEL ONLINE
A special unit of investigators and medical professionals in the U.S. is on the hunt for sports cheats. Internal emails that DER SPIEGEL has examined show how assiduous the inspectors are in their pursuit -- and how frustrating it can be.
Sports Doping and the Difficult Fight to Prevent It - SPIEGEL ONLINE
Sports Doping and the Difficult Fight to Prevent It - SPIEGEL ONLINE
BrickHouse Security to Attend IACP Conference in Indianapolis
BrickHouse Security is proud to be a part of the Indiana Association of Chiefs of Police Conference in Indianapolis on January 25th.
The Mid-Winter conference will host nearly 100 booths, all geared towards law enforcement solutions. We are excited to bring some of our best products from professional-grade covert cameras to gps trackers, as well as our 12 years of expertise, to the conference.
BrickHouse Security to Attend IACP Conference in Indianapolis
Nintendo Announces New Gaming Console With a Unique Mobile Twist (Watch)
Nintendo just unveiled some major details about its newest console, slated for a release date of March 3. The Nintendo Switch is unlike anything you’ve seen from other gaming companies before — because it lets users play games both on their TVs and on the go.
Costing about $300, the console can hook up to your TV like a traditional gaming device. But then there’s a detachable mobile screen that you can take with you and play the same games using a touch screen. And the mobile version has between 2.5 and 6 hours of battery life, depending on how you use it.
Nintendo Announces New Gaming Console With a Unique Mobile Twist (Watch)
The Cost of Raising a Child
From the #USDA:
Posted by Mark Lino, Economist at the Center for Nutrition Policy and Promotion, on January 13, 2017 at 1:00 PM
USDA recently issued Expenditures on Children by Families, 2015. This report is also known as “The Cost of Raising a Child.” USDA has been tracking the cost of raising a child since 1960 and this analysis examines expenses by age of child, household income, budgetary component, and region of the country.
Based on the most recent data from the Consumer Expenditures Survey, in 2015, a family will spend approximately $12,980 annually per child in a middle-income ($59,200-$107,400), two-child, married-couple family. Middle-income, married-couple parents of a child born in 2015 may expect to spend $233,610 ($284,570 if projected inflation costs are factored in*) for food, shelter, and other necessities to raise a child through age 17. This does not include the cost of a college education.
Where does the money go? For a middle-income family, housing accounts for the largest share at 29% of total child-rearing costs. Food is second at 18%, and child care/education (for those with the expense) is third at 16%. Expenses vary depending on the age of the child.
We did the analysis by household income level, age of the child, and region of residence. Not surprising, the higher a family’s income the more was spent on a child, particularly for child care/education and miscellaneous expenses.
Expenses also increase as a child ages. Overall annual expenses averaged about $300 less for children from birth to 2 years old, and averaged $900 more for teenagers between 15-17 years of age. Teenagers have higher food costs as well as higher transportation costs as these are the years they start to drive so insurance is included or a maybe a second car is purchased for them.
Regional variation was also observed. Families in the urban Northeast spent the most on a child, followed by families in the urban West, urban South, and urban Midwest. Families in rural areas throughout the country spent the least on a child—child-rearing expenses were 24% lower in rural areas than the urban Northeast, primarily due to lower housing and child care/education expenses.
Child-rearing expenses are subject to economies of scale. That is, with each additional child, expenses on each declines. For married-couple families with one child, expenses averaged 27% more per child than expenses in a two-child family. For families with three or more children, per child expenses averaged 24% less on each child than on a child in a two-child family. This is sometimes referred to as the “cheaper by the dozen” effect. Each additional child costs less because children can share a bedroom; a family can buy food in larger, more economical quantities; clothing and toys can be handed down; and older children can often babysit younger ones.
This report is one of many ways that USDA works to support American families through our programs and work. It outlines typical spending by families from across the country, and is used in a number of ways to help support and education American families. Courts and state governments use this data to inform their decisions about child support guidelines and foster care payments. Financial planners use the information to provide advice to their clients, and families can access our Cost of Raising a Child calculator, which we update with every report on our website, to look at spending patterns for families similar to theirs. This Calculator is one of many tools available on MyMoney.gov, a government research and data clearinghouse related to financial education.
This year we released the report at a time when families are thinking about their plans for the New Year. We’ve been focusing on nutrition-related New Year’s resolutions – or what we are referring to as Real Solutions – on our MyPlate website, ChooseMyPlate.gov. This report and the updated calculator can help families as they focus on financial health resolutions. This report will provide families with a greater awareness of the expenses they are likely to face while raising children.
In addition to the report and the calculator, we also have a dedicated section on ChooseMyPlate.gov that provides tips and tools to aid families and individuals in making healthy choices while staying on a budget. For strategies beyond food, our friends at MyMoney.gov offer a wealth of information to help Americans plan for their financial future.
For more information on the Annual Report on Expenditures on Children by Families, also known as the cost of raising a child, go to: https://www.cnpp.usda.gov/expenditures-children-families-annual-report.
*Projected inflationary costs are estimated to average 2.2 percent per year. This estimate is calculated by averaging the rate of inflation over the past 20 years.
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Tesla announces supercharger pricing structure - Jan. 13, 2017
It will soon cost some Tesla owners $15 to charge up for a drive from Los Angeles to San Francisco, and $120 to go from L.A. to New York.
The company has revealed the new pricing structure for its network of rapid charging stations around the world. CEO Elon Musk announced in November that Tesla would phase out free charging.
Tesla announces supercharger pricing structure - Jan. 13, 2017
The company has revealed the new pricing structure for its network of rapid charging stations around the world. CEO Elon Musk announced in November that Tesla would phase out free charging.
Tesla announces supercharger pricing structure - Jan. 13, 2017
Saturday, January 14, 2017
Nintendo Switch: Mario and Zelda coming to new $300 console - Jan. 12, 2017
Nintendo's latest gaming console is only weeks away and will provide a new platform for some of the company's most popular titles.
The Japanese video game giant announced Friday that the eagerly awaited device, the Switch, will go on sale worldwide on March 3 for $299.99.
Nintendo Switch: Mario and Zelda coming to new $300 console - Jan. 12, 2017
The Japanese video game giant announced Friday that the eagerly awaited device, the Switch, will go on sale worldwide on March 3 for $299.99.
Nintendo Switch: Mario and Zelda coming to new $300 console - Jan. 12, 2017
Consumer Reports says it's OK to buy MacBook Pro after all - Jan. 12, 2017
Apple has successfully removed a stain on the reputation of one of its biggest new products.
Consumer Reports said Thursday it can now recommend Apple's flashy new MacBook Pro laptops after having previously refused to do so over concerns about inconsistent battery life.
Consumer Reports says it's OK to buy MacBook Pro after all - Jan. 12, 2017
Consumer Reports said Thursday it can now recommend Apple's flashy new MacBook Pro laptops after having previously refused to do so over concerns about inconsistent battery life.
Consumer Reports says it's OK to buy MacBook Pro after all - Jan. 12, 2017
Lexus unveils 885 horsepower yacht - Jan. 12, 2017
Lexus unveiled its first yacht Thursday. No, not a land yacht. This is the 885-horsepower sea-going Lexus Sport Yacht.
Lexus is Toyota's luxury car division and the Lexus Sport Yacht is the product of the Toyota Marine Department.
Lexus unveils 885 horsepower yacht - Jan. 12, 2017
Lexus is Toyota's luxury car division and the Lexus Sport Yacht is the product of the Toyota Marine Department.
Lexus unveils 885 horsepower yacht - Jan. 12, 2017
This smart billboard coughs if you smoke near it - Jan. 13, 2017
When smokers walk by a certain billboard in Stockholm, something strange happens: The billboard coughs at them.
The innovative advertisement is paid for by a Swedish pharmacy chain that wants to encourage smokers to kick their smelly habit.
This smart billboard coughs if you smoke near it - Jan. 13, 2017
The innovative advertisement is paid for by a Swedish pharmacy chain that wants to encourage smokers to kick their smelly habit.
This smart billboard coughs if you smoke near it - Jan. 13, 2017
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