With Everyone’s Attention Turning To The Debt Ceiling X-Date Of October 17 (or Sooner Now That The
With everyone’s attention turning to the debt ceiling X-Date of October 17 (or sooner now that the Pentagon is once again spending money like a drunken sailor following the recall of 400,000 workers or half of the total number fuloughed), some are wondering why is the stock market not reacting more violently. The generic response that has formed is that despite all the feamongering by Obama and the Treasury, even crossing the X-Date will hardly result in the apocalyptic outcome that so many predict as the Treasury can “prioritze payments”, i.e., paying some bills and not others, which as we explained before, means paying down debt obligations first, and everything else - whose non-payment does not constitute an event of default under US debt - last. In other words, if the US were to merely live within its means, it should have no problem remaining current on its interest expense even if that means slashing most other government programs.
Continued
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VIDEO: Turkish Police Fire Tear Gas As Kurds Protest Against Syria Wall
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Paint it Red: the most stunning designs from Jony Ive and Marc Newson’s charity auction
After nearly two years in the making, a charity auction orchestrated by Jony Ive, Bono, and designer Marc Newson is set to begin this Saturday. While Ive and Bono have collaborated in the past to benefit the musician’s Product Red charity — such as in 2006, when Apple released a black-and-red, U2-themed iPod — Saturday’s auction takes Ive’s involvement much further: working with Newson, the two curated and customized over 40 different items, from chairs, to cars, to Apple products, all of which will go up for sale.
How advertisers became the NSA’s best friend
This week, new documents from NSA leaker Edward Snowden arrived with some troubling revelations: the NSA has been piggybacking on Google’s network, using the company’s “preferences” cookie to follow users from site to site, proving their identity before targeting them with malware. It means the agency has tapped into one of the most popular features on the web and the core of Google’s multibillion-dollar ad-targeting empire. Instead of just targeting ads and saving preferences, the infrastructure is being used to find people the NSA is interested in and silently infect their devices with malware.
The frothing excitement around these prototype, titanium-framed wearable computers has the tech world tripping over itself, but big what, why, and how questions remain. CNET dives in to clear up the reality -- and the future possibilities -- of Google Glass.
Google glass is a cool idea but the commercials take it way further than what is possible.
Lazard Declares Special Dividend
NEW YORK, Dec 10, 2013 (BUSINESS WIRE) -- Lazard Ltd LAZ +0.56% today announced that its Board of Directors has voted to declare a special dividend of $0.25 per share on its outstanding Class A common stock. The special dividend is payable on December 27, 2013, to stockholders of record on December 20, 2013.
About-Lazard
"I hope that we, as a party, would welcome gay and lesbian supporters. I also think there needs to be, in the gay community, robust and bipartisan support [for] marriage rights."
Republican LGBT political advocate Ken Mehlman
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