Security through obscurity, amirite? Smart meter makers are battling to keep Seattle's power grid designs under wraps – claiming that if the details are made public, they could be exploited by hackers to plunge the US city into darkness.…
The Big Titsup will manage healthcare records. What could possibly go wrong? Australia's government might be in caretaker mode, but that's not stopping it from announcing a contract handing over management of cancer care records to Telstra.…
Where exactly should the FCC's authority stop? Analysis Amid a battle to end Big Cable's $20bn annual windfall from rented set-top boxes, the industry has hit on a novel strategy: use its opponents' own arguments against them.…
Whitman hails 'best quarter' since she grabbed CEO chair Software and IT services might make the world go round – at least in the heads of Wall Street moneymen – but it was hardware that once again brought home the bacon for Hewlett Packard Enterprise.…
Morning dump ends in snake attached to spam javelin A Thai chap's "morning routine of a shower and protracted bowel movement" was rudely interrupted earlier this week when a 4-metre python clamped its laughing gear round his todger as he squatted over the throne.…
Exec heads to CSC via Xchanging... arrives back at the Hotel California Will someone please spare a thought for industry old-timer Craig Wilson, the former UK boss of Hewlett Packard Enterprise Services who - we are told - was glad to escape the firm’s internal politics.…
Safe Harbor's dead, now DPC wants contract clauses decision The Irish Data Protection Commissioner has referred Max Schrems' original complaint to the EU Court of Justice to determine if Facebook's transfers of personal data from the EU to the US is legal.…
Caprine capers continue with Waste of Space expansion Swedish games outfit Coffee Stain Studios has announced it's releasing a galactic expansion to its popular 2014 ram-'em-up Goat Simulator, which finally offered goat wannabes the chance to fulfil their caprine fantasies.…
'Bang the drum with me - apprenticeships, startups, apprenticeships, startups' PM David Cameron has hired reality TV celebrity Baron Shugs of the BBC* as enterprise tsar, the government confirmed today.…
Thursday:• At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for 275 thousand initial claims, down from 278 thousand the previous week.• Also at 8:30 AM, Durable Goods Orders for April from the Census Bureau. The consensus is for a 0.3% increase in durable goods orders.• At 10:00 AM, Pending Home Sales Index for […]
From the Philly Fed: he Federal Reserve Bank of Philadelphia has released the coincident indexes for the 50 states for April 2016. In the past month, the indexes increased in 39 states, decreased in seven, and remained stable in four, for a one-month diffusion index of 64. Over the past three months, the indexes increased in 42 states, decreased in seven, an […]
Economist Tom Lawler sent me the table below of short sales, foreclosures and all cash sales for selected cities in April.On distressed: Total "distressed" share is down in all of these markets. Short sales and foreclosures are down in all of these areas.The All Cash Share (last two columns) is mostly declining year-over-year. As investors continue […]
From the FHFA: U.S. House Prices Rise 1.3 Percent in First Quarter; 19 Consecutive Quarterly IncreasesU.S. house prices rose 1.3 percent in the first quarter of 2016 according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). This is the nineteenth consecutive quarterly price increase in the purchase-only, seasonally adjusted index. House […]
From the MBA: Purchase Applications Increase and Refis Hold Steady in Latest MBA Weekly SurveyMortgage applications increased 2.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 20, 2016....The Refinance Index increased 0.4 percent from the previous wee […]
Wednesday:• At 7:00 AM ET, he Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.• At 9:00 AM, FHFA House Price Index for March 2016. This was originally a GSE only repeat sales, however there is also an expanded index. The consensus is for a 0.5% month-to-month increase for this index.From the ACC: Chem […]
As part of the new home sales report, the Census Bureau reported the number of homes sold by price and the average and median prices.From the Census Bureau: "The median sales price of new houses sold in April 2016 was $321,100; the average sales price was $379,800."The following graph shows the median and average new home prices.Click on graph for […]
The new home sales report for April was very strong at 619,000 on a seasonally adjusted annual rate basis (SAAR), and combined sales for January, February and March were revised up by 44 thousand SAAR.This was the highest sales rate since January 2008.Sales were up 23.8% year-over-year (YoY) compared to April 2015. And sales are up 9.0% year-to-date compared […]
The Q1 report was released today: Household Debt and Credit Report.From the NY Fed: Household Debt Steps Up, Delinquencies Drop Household indebtedness continued to advance during the first three months of 2016 according to the Federal Reserve Bank of New York’s Quarterly Report on Household Debt and Credit, which was released today. ...The bulk of the $136 b […]
The Census Bureau reports New Home Sales in April were at a seasonally adjusted annual rate (SAAR) of 619 thousand. The previous three months were revised up by a total of 44 thousand (SAAR)."Sales of new single-family houses in April 2016 were at a seasonally adjusted annual rate of 619,000, according to estimates released jointly today by the U.S. Cen […]
Paying off criminals doesn't always work, as Kansas Heart Hospital learned this week. They paid off ransomware, only to be asked for more money by the attackers. It's just the latest in a long string of hospital ransomware attacks.
Millions of rounds can be unleashed at these robots and they’ll keep going on going. In part because they have state of the art armor, but also because these robots can think and behave like the enemy … and avoid getting shot.
Facebook has apologized for telling a feminist group promoting a body positivity event that their photo of a plus-size model in a bikini showed "body parts in an undesirable manner"—and suggesting they use an image of someone "running or riding a bike."
Amid concern about the future of the Port Talbot steel works - and fear for the jobs of workers there - Peter Day looks at the history of the industry in Britain. When was the heyday of British steel, and what went wrong? Peter visits Port Talbot and also delves into the archives to hear stories from a time when manufacturing dominated the British economy. P […]
Imagine you run a company and it's failing. What do you do? Matthew Gwyther speaks to leaders who've turned around businesses in difficulties and finds out how they did it, what inspired them and what lessons they can pass on. Produced by Nina Robinson.
Can a computer programme choose the right applicant for a job? Online assessments, scanning programmes, computer algorithms and the number crunching of social network data are all now part of the tool kit of the recruitment industry. As Peter Day discovers, to get through to an actual interview, you often have to impress a computer algorithm first. Tradition […]
Marijuana is now legal in some US states and a fast-growing industry has emerged, especially in Colorado which was the first state to embrace the drug. But according to federal law marijuana is still illegal. This means that many companies can't get banking services, advertise their wares or pay tax in the way that other companies do. So how do they sur […]
As part of the festivities for the 400th anniversary of William Shakespeare’s death, Global Business asks how the Bard has had an impact on the corporate world. As well as being a profitable part of the British economy, particularly for the tourist sector in Stratford-upon-Avon, Shakespeare’s plays have been exported to almost every country there is. In Neus […]
A Unicorn is a mythical animal. But it's also the name now given to private start-up companies, mainly in the tech or internet sector which are valued at a billion dollars or more. They're extremely fast-growing and are often keener to increase customers rather than make profits at this stage. They rely on private investors to fund their growth and […]
The Panama papers reveal tax evasion is a huge international problem. But how can governments clean things up? One way might be by opening things up. In the UK, it is a criminal offence to reveal someone else's tax affairs, but in some countries you can easily discover how much anyone earns and how much they pay in tax, from the prime minister and the r […]
Why is there so much dissatisfaction about how economics is taught at universities? Since the financial crash, many students have been in revolt in the UK and overseas, determined to change the content of their courses. They are not alone. Employers and some economists share many of their concerns. Peter Day explores why the subject has changed over a genera […]