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.
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 3:20 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.
Originally published on Wed September 11, 2013 2:25 pm
Chinese Premier Li Keqiang has pledged to treat foreign multinational companies on a par with the country's own state-owned enterprises, but he warned that an economic rebound remains fragile.
Li, speaking at a business forum in the northeastern city of Dalian on Wednesday, cautioned that the global economic outlook was a "complex situation" and outlined a series of steps designed to keep the country on a moderate but sustainable growth path.
Originally published on Wed September 11, 2013 4:15 pm
When the global financial system started to collapse five years ago, leaders from the Treasury Department, Congress and the Federal Reserve jumped up and started running.
Like men on a burning wooden bridge, they raced along, making crazy-fast decisions. They seized Fannie Mae and Freddie Mac, bailed out big banks, saved automakers, slashed interest rates and funded a massive infrastructure-building project to stimulate growth.
Originally published on Wed September 11, 2013 11:22 am
The number is stunning:
"Verizon Communications could be taking on nearly $50 billion in new debt in a massive bond sale to help the telecom giant pay for its $130 billion acquisition of Verizon Wireless shares," writes USA Today.
The U.S. Department of Education has reached an agreement with Lee County schools to make sure African-American students have equal access to advanced courses.
The department announced Tuesday that the agreement with the east Alabama school system is the first of its kind in Alabama. It comes after the department found that advanced math was offered in the seventh grade at the county's predominantly white middle schools but was not offered at the predominantly African-American middle school.
Today marks the 12th anniversary of the Sept. 11 attacks. Over the last several years, a group of family members have created a movement to turn the anniversary into a national day of service. This year more than 30 million people will be involved, and they claim it's the largest day of service in the country.
In a sign of China's growing importance as a market for Apple, the company will be rolling out its new iPhones simultaneously in the U.S. and China for the first time later this month. There are a few signs, however, that the new models will not find the sort of frenzied demand as before.
The Dow Jones Industrial Average is swapping out three of its blue chip companies, in what's being called the biggest shake up of the index in almost a decade. Standard & Poor's announced it's dropping Hewlett Packard, Alcoa and Bank of America at the end of next week. Sliding into their places: Visa, Nike and Goldman Sachs.
Since Sept. 11, one of the most effective ways the United States has found to weaken terrorist groups has been to go after their finances. Renee Montagne talks to former Treasury official Juan Zarate, who's new book is: Treasury's War: The Unleashing of a New Era of Financial Warfare.
Las Vegas is adding an eye-catching tourist attraction, in the form of a huge wheel that can take more than 1,000 people on a ride 550 feet into the sky over the city's famed Strip. The main construction of the wheel, called the High Roller, is nearly finished; it is expected to open in early 2014.
OK. Maybe you're one of the millions of Americans who attended college but never had a chance to finish. And you have dozens or scores or hundreds of credits just sitting there that don't quite add up to a degree. The University of Wisconsin system has introduced an alternative way to finish your degree by earning credits based on what you already know. It's the so-called Flex Option.
The other day, I was interviewing an economist who studies the effect college majors have on peoples' income. He was telling me that women often make decisions that lead them to earn less than they otherwise might.
Women are overrepresented among majors that don't pay very well (psychology, art, comparative literature), and underrepresented in lots of lucrative majors (most fields in engineering).