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Economy

Conde Nast Violates Labor Laws with Interns - say lawyers

June 14th, 2013  |  Source: Pub Exec

Conde Nast, the worldwide publisher of fashion, culture, food and home magazines, illegally employs interns in violation of federal and state labor laws, Outten & Golden LLP alleged today in New York federal court.

The class action complaint, filed on behalf of two former interns who worked at W Magazine and The New Yorker, accuses Advance Magazine Publishers, Inc., which does business as CondeNast Publications, of failing to pay interns proper wages for the work they perform in violation of the federal Fair Labor Standards Act (FLSA) and the New York Labor Law (NYLL).


Nicaragua gives Chinese firm contract to build alternative to Panama Canal

June 9th, 2013  |  Source: Guardian

Nicaragua's new waterway will be a higher-capacity alternative to the 99-year-old Panama Canal, which is currently being widened at the cost of $5.2bn.

Nicaragua has awarded a Chinese company a 100-year concession to build an alternative to the Panama Canal, in a step that looks set to have profound geopolitical ramifications.
The president of the country's national assembly, Rene Nuñez, announced the $40bn (£26bn) project, which will reinforce Beijing's growing influence on global trade and weaken US dominance over the key shipping route between the Pacific and Atlantic oceans.


Towards the end of poverty

June 4th, 2013  |  Source: Economist

Nearly 1 billion people have been taken out of extreme poverty in 20 years. The world should aim to do the same again

In his inaugural address in 1949 Harry Truman said that “more than half the people in the world are living in conditions approaching misery. For the first time in history, humanity possesses the knowledge and skill to relieve the suffering of those people.” It has taken much longer than Truman hoped, but the world has lately been making extraordinary progress in lifting people out of extreme poverty.


Just how big is Amazon’s cloud business?

June 4th, 2013  |  Source: Giga Om

Trying to assess just how enormous Amazon Web Services is has become a sort of parlor game among techies. Counting servers is as good a way as any to get a grip on its size and the latest to take a stab at that is Netcraft, which pegs the numbers of AWS web-facing servers at 158,000, up from 118,000 such servers in September, 2012.


Motorola's new 'Moto X' smartphone will be built in Texas

May 30th, 2013  |  Source: Apple Insider

For months, rumors and speculation have circulated that Motorola was planning a gamechanging 'X phone'aimed at clawing back share in a smartphone market where Apple and Samsung take all of the profit. Now the manufacturer has announced that its next flagship device, the Moto X, will be produced at a manufacturing facility in Fort Worth, Texas, according to CBS News.


Why Silicon Valley Leaders are Giving Cash Directly To The Poorest

May 28th, 2013  |  Source: Forbes

Here’s a radical idea: Instead of providing services or training to the world’s poorest, how about giving them cash instead?

GiveDirectly, a U.S.-based nonprofit operating in Kenya, is doing just that, and it’s won the support of the likes ofFacebook cofounder Chris Hughes andGoogle . Last Thursday night in San Francisco, Hughes and a posse of venture capitalists and tech entrepreneurs including General Catalyst partner Hemant Taneja and Dropbox CEO Drew Houston, hosted about 150 people for wine, conversation and an introduction toGiveDirectly.


Workers Stuck in Disability Stunt Economic Recovery

April 8th, 2013  |  Source: WSJ

The unexpectedly large number of American workers who piled into the Social Security Administration's disability program during the recession and its aftermath threatens to cost the economy tens of billions a year in lost wages and diminished tax revenues.

Signs of the problem surfaced Friday, in a dismal jobs report that showed U.S. labor force participation rates falling last month to the lowest levels since 1979, the wrong direction for an economy that instead needs new legions of working men and women to drive growth and sustain a baby boomer generation headed to retirement.


Dual cyber-attacks hit Bitcoin virtual currency systems

April 5th, 2013  |  Source: RT.com

The soaring virtual currency Bitcoin suffered a cyber-blow after its leading exchange, Tokyo–based Mt.Gox, was hit with a DDoS attack. The government-free tender also faced a hacker attack on its Instawallet database, forcing the site to be shut down.

 

Categories:  

Wind Energy: Recap of 2012

April 2nd, 2013

By guest blogger Mia Henderson who also blogs at www.texaselectricityproviders.com 




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