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Cobham acquires Argotek
The trend of large defense contractors acquiring smaller companies specializing in IT security continues; the latest: U.K.-based Cobham buy U.S. specialist Argotek; Cobham says Argotek’s expertise will be in demand for upcoming projects such as the U.S. Comprehensive National Cyber Initiative
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New security measures on passenger planes may hurt cherries growers
About a quarter of the cherries grown in Washington state — some 1.3 million 20-pound boxes — are flown in the cargo hull of passenger planes to Pacific Rim countries like Japan and Korea; growers of highly perishable crops like cherries worry that a new requirement that all cargo on U.S. passenger flights undergo a security scan could create lengthy delays, leaving crops to rot in hangars as they await inspection
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Where angels dare to tread: Angel investors profit
U.K. angel investors see substantial profit; a study of 1,080 investments — more than half were directed at early-stage pre-revenue start-ups — show that: 56 percent of investments made a loss; 44 percent led to positive returns; 9 percent generated more than 10-times the capital invested; the average internal rate of return (IRR) was 22 percent over four years
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Centerlink replaces PINs with voice recognition
Australia’s welfare agency Centerlink has switched from PINs to voice recognition system to identify and manage clients; clients who routinely access self-service functions, such as lodging payment forms and updating the welfare agency with simple information about income, are most suitable for the system
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France opens naval base in the Gulf
President Nicolas Sarkozy today opens the first French military base in the Gulf; France is eying multi-billion dollar deals for nuclear reactors and sophisticated weapons for countries in the region
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Shipping executive calls for armed federal security on U.S. ships
Liberty Maritime Corp.’s Philip Shapiro calls for Congress to remove the legal barriers to arming ships so that they may provide their own security
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RFID market to reach $5.56 billion by end of 2009
In 2008, the average price per RFID tag was $1.13; the total value of tags being sold in 2008 was $2.23 billion; this figure will increase to $5.56 billion in 2009
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U.S. Army orders 150 of ReconRobotics' reconnaissance robots
Minnesota company receives order for 150 of its Recon Scout IR miniature reconnaissance robots; the Recon Scout IR is less than 7.5 inches long and three inches wide, and weighs just 1.2 pounds, making it easy to carry in a pocket or on a vest
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Florida orders Raytheon's radiation detection system
Florida orders Raytheon’s Mobile Nuclear Radiation Detection System; the state will use the SUV-mounted system to watch out for nuclear threats on highways, bridges, overpasses, tunnels, ports of entry, and public venues such as major sporting events and other large events
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GE Security sees South Africa as springboard into Africa's security market
GE Security employs 1,500 employees in South Africa; the company had revenues of about $3.5 billion in 2008; company sees South Africa as a springboard to triple its business across sub-Saharan Africa in the next five years
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Products block unauthorized RFID reading of contactless cards
More and more countries and organizations move toward adopting RFID-enabled, biometric e-IDs — driver’s licenses, passports, national IDs, and more; trouble is, these e-documents are susceptible to digital pickpocketing; a U.K. company offers solutions
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The Irish Technology Leadership Group expands
ITLG, comprising Irish and Irish-American business leaders in Silicon Valley, is opening an office at Westpark Shannon; the new office will seek to link established and new start-ups in the region with leading and emerging companies in California
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How soon they forget: Organizational memory and effective policies // Jon Shamah
Large organizations, either in the private sector or public sector, always have a churning of staff; the problem is that within one or two cycles of churn, anecdotal knowledge, and other unwritten information, just gets lost from the organizational memory; when something bad happens, few people know those solutions which have proven to work in the past and those that have failed miserably
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Mobile WiMax to be rolled out in Atlanta in June
Clearwire says it will roll out mobile WiMax in Atlanta next month, with other cities to follow
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Elbit, GD create UAS Dynamics
The military UAV market is becoming more lucrative; Elbit, maker of the popular Skylark and Hermes UAV lines, create a joint venture with General Dynamics to sell UAVs based on Elbit’s designs; company intends to compete with General Atomics’ Predator
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More headlines
The long view
To Make Children Better Fact-Checkers, Expose Them to More Misinformation — with Oversight
By Jason Pohl
“We need to give children experience flexing these skepticism muscles and using these critical thinking skills within this online context,” a psychology researcher said.
Proof That Immigrants Fuel the U.S. Economy Is Found in the Billions They Send Back Home
By Ernesto Castañeda
Studies indicate that remittances — or money immigrants send back home — constitute 17.5% of immigrants’ income. Given that, we estimate that the immigrants who remitted in 2022 had take-home wages of over $466 billion. Assuming their take-home wages are around 21% of the economic value of what they produce for the businesses they work for – like workers in similar entry-level jobs in restaurants and construction – then immigrants added a total of $2.2 trillion to the U.S. economy yearly. That is about 8% of the U.S. GDP.
Major Lithium Mine Approved in Nevada, Supporting a Domestic Supply of Critical Minerals
Critical minerals are essential building blocks of the modern economy and America’s energy security, from clean energy technologies – like electric vehicle and grid storage batteries and wind turbines – to semiconductors to advanced defense systems and consumer electronics.
Revising the Cost of Climate Change
By Christy DeSmith
Climate scientists have warned of calamitous consequences if global temperatures continue their rise. But macroeconomists have largely told a less alarming story, predicting modest reductions in productivity and spending as the world warms. Until now. New study of economic toll yields projections ‘six times larger than previous estimates’.