Fund Based on Digital Currency Ethereum to Wind Down After Alleged Hack
A futuristic technology experiment appears to have fallen prey to a common technological risk, as operators of a new investment fund based on a digital currency said they had suffered a catastrophic hack. Founders of the fund, DAO, which was built around a digital currency called Ethereum and which raised more than $150 million this spring, said...>> view originalThese 15 electric cars will be here by 2020
Tesla CEO Elon Musk with the popular Model S.Reuters/Stephen LamThese days, if you are in the market for a fully electric, long-range vehicle, your options are pretty limited. In fact, Tesla vehicles are currently the only cars that have an official range of more than 200 miles per charge. But it won't be long before there's an influx of long-range electric cars hitting the market. Most major automakers, including GM and Volkswagen, have vowed to roll out more than one fully electric car by ..>> view originalThis Is Probably What's In The GOP Obamacare 'Replacement'
WASHINGTON -- House Republicans are going to reveal to the public next week what kind of health care reform they want instead of Obamacare. In anticipation, we thought a preview of conservative health policy ideas was in order. Before anyone gets too excited, the House GOP task force handpicked by Speaker Paul Ryan (R-Wis.) to tackle the thorny issue of "replacing" Obamacare isn't going to introduce legislation or anything like that. Rather, Ryan will issue a broad outline Wednesday, which wil..>> view originalHSBC Has More to Fix Beyond its Household
HSBC’s long U.S. mortgage nightmare is largely over, but the ending came at a cost. The U.K. bank bought Household International, the U.S. subprime mortgage lender, in 2003. Household was meant to give HSBC not only a good stream of earnings uncorrelated with its European and Asian arms, but also sophisticated credit assessment technology that HSBC could use to grow lending to riskier customers in emerging markets. Instead,...>> view originalDetroit Launches Demolition Tracker To Map When, Where Vacant Houses Will Come Down
DETROIT (WWJ) – Detroit residents who have been living next to blighted homes now have a powerful new tool that lets them know when vacant houses near them will be torn down. The city’s new online Demolition Tracker map lists more than 700 addresses currently under contract for demolition that will come down in the next few months. It also shows the more than 9,500 structures that have been demolished since January 2014. The map is updated daily as houses are razed and others are placed under c..>> view originalThe startup trying to clean up Wall Street just became an official stock exchange
The startup trying to clean up Wall Street just became an official stock exchange IEX has built a big business by eliminating some of the industry's worst practices By Ben Popper on June 17, 2016 07:43 pm 6 This evening the Securities and Exchange Commission approved an application by a startup called IEX to become a full-fledged stock exchange. By approving IEX, the SEC was giving its stamp of approval to one of the most high-profile challenges to the cu..>> view originalThe US applauds 'productive' investment talks with China
China's national flag is flanked by the U.S. flag along Pennsylvania Avenue near the U.S. Capitol in Washington Thomson Reuters WASHINGTON (Reuters) - Bilateral investment talks between the United States and China "continue to be productive," the U.S. Trade Representative's office said on Friday after the two sides exchanged new offers this week. A USTR spokeswoman said U.S. and Chinese negotiators exchanged revised "negative lists" of sectors that would stay off-limit..>> view originalState jobless rate dips to 3.8%, a 59-year low
Arkansas' unemployment rate slipped to 3.8 percent in May, the lowest since records dating to 1957, the U.S. Bureau of Labor Statistics said Friday. The state's unemployment rate was 3.9 percent in April. The national unemployment rate was 4.7 percent last month, down from 5 percent in April. For 28 straight months, since January 2014, there hasn't been an increase from the previous month in the state's unemployment rate, said Michael Pakko, chief economist at the Institute for Economic Advance..>> view originalNASA Unveils Plans for Electric-Powered Plane
Photo An artist’s concept of NASA’s X-57 Maxwell aircraft showing the plane’s specially designed wings and 14 electric motors. Credit NASA Langley/Advanced Concepts Lab, AMA, Inc. A new experimental airplane being built by NASA could help push electric-powered aviation from a technical curiosity and pipe dream into something that might become commercially viable for small aircraft.At a conference on Friday of the American Institute of Aeronautics and Astronautics in Was..>> view original
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