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Will Bank Of America Really Pay $17 Billion For Mortgage Fraud That Led To 08′ Crash?

Throughout the media the figure of $17 billion has been paraded out as the penalty Bank of America will pay for its crimes in the mortgage security market that led to the 2008 financial crisis and resulting Great Recession . But will BofA really be paying that much? If the other deals struck for the same crisis causing activity are any indication,...

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WASHINGTON, Aug 21 (Reuters) - Boeing Co has completed a key review of its design for a new commercial venture to fly astronauts to the International Space Station, making it the only one of four rival bidders to finish the NASA work on time, company officials said on Thursday....
Thursday, 21 August 2014 |

Disease transmission: Seals of doom

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Disease transmission: Seals of doomMass consumption?
WHEN a few intrepid humans crossed the Bering land bridge from the Old World to the New, to populate the Americas 12,000 years ago, they left many things behind. Among them were several diseases—including smallpox, malaria and tuberculosis—that remained unknown to their descendants until a larger human influx began to arrive in 149...
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Biometrics: Clocking people’s clocks | The EconomistGotcha!
WITH some pride, the FBI trumpeted the news last month that thanks to the agency’s facial-recognition system Neil Stammer, wanted for sexual assault and kidnapping, had been apprehended in Nepal after being on the run for 14 years. The truth was slightly more prosaic. A State Department official had used the FBI’s “Wanted” posters in a test...
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In the wake of a controversial move by Wikipedia to distribute a monkey 'selfie' for free, against the wishes of the photographer whose camera was used, the US has issued new guidance that says animals, ghosts and gods are all banned from owning copyright...
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Another Reason to Retire Sam Brownback: The Senate Subprime Car Loan Sleaze

By William K. Black

When Sam Brownback was a Senator he carried water for the sleaziest of auto lenders – the subprime lenders that specialize in making “liar’s” loans.  His successful mission was to carve out an exemption from the Dodd-Frank bill’s protection for borrowers....

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It was one of worst predictions in recent memory. In a 2007 interview, former Microsoft CEO Steve Ballmer said, “There’s no chance that the iPhone is going to get any significant market share. No chance.”

It reminds us of when Sir William Preece, an official with the British Post Office, weighed in on an earlier incarnation designed by Mr. Bell,

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Surveys suggest that France's weak manufacturing sector deteriorated further this August, amid suggestions that the eurozone's 'feeble recovery' is already over...
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The Next American Economy project brought together 30 experts from various disciplines to envision tomorrow's economic and political challenges and develop today's solutions. Their assignment: be bold, and leave the conventional wisdom -- and their own opinions -- behind. In today's video, Stefaan Verhulst of GovLab speculates on future municipal

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Thursday, 21 August 2014 |

How the monks make kollyva on the Holy Mountain

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On the Holy Mountain, the abbots of the last hundred years are commemorated, as well as the priests and monks of the last thirty. Kollyvo is made every time an icon is placed in the church for veneration. Every Saturday, however, the departed are remembered unless it’s the return of a feast of the Lord. It’s a little, zinc plate of boiled wheat whi...

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