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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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GE, Google to collaborate on smart grid
The two companies, saying that existing U.S. infrastructure has not kept pace with the digital economy and the hundreds of technology opportunities that are ready for market, will focus on improving power generation, transmission, and distribution of energy;
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Push for nation-wide car tracking system in U.S.
Two companies quietly shopping new motorist tracking options to prospective state and local government clients; goal is to create a nation-wide car tracking system in the United States by using existing and newly installed red light cameras and speed cameras
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Lumidigm develops whole-hand sensor
Developer of finger-print biometrics will offer a whole-hand sensor; new system designed to read multiple characteristics of the hand through the use of multispectral technology
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IBM shows hardware-based encryption tool
System x Vault protects data when a server’s hard drive is disposed or stolen, without affecting server performance
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Forrester boosts 2008 tech spending forecast
For the technology sector, it may be a case of good news now and so-so news later; one wild card for the tech sector is the poor health of the nation’s banks and other financial-services companies, which account for about 18 percent of the U.S. technology market
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The long view
To Make Children Better Fact-Checkers, Expose Them to More Misinformation — with Oversight
“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
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
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’.