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California IT security company adds 225 jobs in Ann Arbor expansion
Ann Arbor, Michigan, is attracting more and more IT security companies; half a dozen IT companies have already announced expansions in the Ann Arbor region this year, and their plans for Ann Arbor include the addition of nearly 1,200 jobs in the coming years
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Technology start-ups, investment, and the financial crisis
The U.S. financial crisis need not spell doom for technology start-ups, says Kevin Maney; one of the main reasons: “The cost of starting a tech company has dropped precipitously, thanks to cheaper/better/faster technology”
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IT security hinders innovation
New IDC reports says businesses are struggling to find the right balance between security and innovation; information security concerns have caused 80 percent of companies surveyed to back away from new innovation opportunities
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Coast Guard chooses new patrol boat
Years after Congress urged the U.S. Coast Guard to speed up its patrol boat replacement program, the service finally picked a design and a shipbuilder for its new cutters; the winner: Bollinger Shipyards
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Send Word Now completes $14 million financing round
As more attention is paid to alerting people of imminent or on-going disasters, investors pay more attention to companies producing effective, reliable alert systems; Send Word Now benefits
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Washington State, Microsoft sue cyber fear mongers
Washington State has one of the nation;s toughest anti-spyware laws, and the state attorney general joins with Microsoft to sue companies which use fear to sell security products
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EU bans baby food with Chinese milk
Twenty-two Chinese dairies used industrial additive melamine in their products; 54,000 Chinese babies were sickened, 4 died, and more than 10,000 are still hospitalized; 27-nation EU bans baby food with Chinese milk
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California tells residents not to flush pharmaceuticals
In an effort to limit the contamination of drinking water with pharmaceuticals, California launches “No Drugs Down the Drain Week”
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The new face (well, not only face) of biometrics, II
Next-generation enterprise biometric solutions will evolve toward being able to work both with centralized, distributed as well as mobile devices, such as smartcards or contractless smartcards
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Texas county weighing border fence alternatives
Cameron County, Texas, must decide which option is more beneficial to it: DHS’s fence plan which the county does not like, but which will see $37 million in contracts go to local businesses, or resubmitting the county’s alternative fence plan, which DHS had already rejected, exploiting the fact that DHS has postponed the 31 December fence deadline
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The new face (well, not only face) of biometrics, I
New biometric technologies must make a compelling business case why business should adopt them over much-improved existing technologies
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Paladin closes third fund, exceeding target of $300 million
Paladin Capital Group closes its third fund, Paladin III L.P., with equity commitments of $340 million; Paladin, a leader in homeland security investing, has more than $980 million under management across multiple funds and thirty-one portfolio companies
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U.S. managed security services market to reach $2.8 billion by 2012
The U.S. managed security services market was valued at approximately $1.3 billion in 2007, an increase of 19.6 percent over 2006; IDC says this figure will increase to $2.8 billion by 2012, representing a compound annual growth rate of 17.2 percent
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India eases foreign borrowing rules to aid infrastructure
The U.S. infrastructure is often described as “aging” or “crumbling”; in india they refer to the country’s “ramshackle infrastructure”; the Indian government, as part of a move to have $500 billion invested in improving the country’s infrastructure, eases borrowing rule, allowing Indian companies involved in infrastructure improvement to borrow more money abroad
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Chinese dairies add organic base found in plastics and resins to products
Lab tests in Hong Kong find that Chinese company’s dairy offerings, including milk, ice cream, and yogurt, were contaminated with melamine — an organic base usually found in plastics and resins, and banned in food
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The long view
New Bill Proposes Banning TikTok in the U.S.
Both the administration and Congress have moved to limit, or even ban, TikTok in the United States because of worries about China using the Chinese-owned platform to gather personal data on millions of Americans. Justin Sherman writes that “all told, it is a noteworthy piece of legislation, and it delineates between the risk of data access and the risk of content manipulation better than then-President Trump’s executive order on TikTok.”
$4.8M to Address National Cybersecurity Workforce Shortage
Oregon State University has received $4.8 million from the National Science Foundation to help the United States close a big gap between the number of cybersecurity job openings and the number of qualified applicants for those positions.
Leveraging U.S. Capital Markets to Support the Future Industrial Network
$56 trillion is nearly three times the size of the U.S. economy. This vast pool of capital in U.S. capital markets — $46 trillion in public capitalization and another $10 trillion in private money – dwarfs that of China. Tapping U.S. equity and debt markets would enable the Department of Defense to remedy current capability shortfalls, fund technological advances from leading private-sector innovators, invest in generational transformation efforts across the military services, and upgrade antiquated global infrastructure to sustain U.S. forces.
Insurance for a Changing Climate
Among the many facets of the economy being challenged and changed by warming global temperatures is the insurance industry. Damaging extreme events such as wildfires, hurricanes, and floods are happening with greater frequency and intensity, which leaves insurance companies facing larger financial risks and paying out more in claims — and it also leaves policy holders paying higher prices to insure their homes and businesses.
Batteries Are the Battlefield
The United States is one of many countries pursuing the clean energy revolution, and which have ramped up investment in electric vehicles manufacturing and renewable energy sources to power the shift away from fossil fuels. Christina Lu and Liam Scott write that this is an industry that has already been staked out by another power: China.