Tsiferblat, or Clockface Cafe, in Moscow draws a young crowd, from students to entrepreneurs. The cafe provides Wi-Fi, printers, books and art supplies. Drinks, snacks, atmosphere and the space are free. All customers pay for is time.
The Consumer Financial Protection Bureau is releasing Thursday much anticipated new mortgage rules, which will restrict the kind of subprime lending practices that caused both the financial and housing sectors to crash five years ago.
The new rules come at a time when regulators and banks are trying to find a middle ground between overly lax and overly tight lending standards.
Secretary of Labor Hilda Solis, seen here sitting in a new Ford Fusion last September, submitted her resignation to President Obama Wednesday.
Credit Bill Pugliano / Getty Images
Secretary of Labor Hilda Solis is resigning, opening up one more slot in President Obama's second-term administration. A former member of Congress, Solis was the first Hispanic woman to head a Cabinet-level agency.
Sophisticated hacking attacks on U.S. banks in recent months have distinctive qualities that are leading investigators to believe another nation may be behind the assault. The likely suspect is Iran, which officials believe may be trying to even the score for American hacking of its nuclear program.
At least nine U.S. financial institutions have been hit since September; more attacks are expected. And part of what makes them suspicious is that they seem calculated not to steal account data or money, but instead to disrupt the banking system.
The MaKey MaKey invention kit includes a plan for making a "banana piano," helping the Kickstarter project make it to the site's best-of-2012 list. Kickstarter says 2.2 million people pledged nearly $320 million in 2012.
Kickstarter, the crowd-funding site that pairs indie-minded inventors and entrepreneurs with online investors, fully funded more than 18,000 projects in 2012, according to its end-of-year analysis. The site says that in total, more than 2.2 million people pledged a total of nearly $320 million. For the year, 17 projects raised more than $1 million.
Originally published on Wed January 9, 2013 1:02 pm
Many popular food games for computers and devices like tablets are actually "advergames", created by food manufacturers to market their products to kids.
Some kids can't get enough of online games where they can pretend to run a candy factory or decorate cakes. But children who play with these games may eat more, and eat more junk food, even if the game features fruit or other healthful choices, according to new research.
You might be feeling a bit hung over from all the 'fiscal cliff' negotiations. But the financial talks in Washington aren't over yet. In the coming months, the White House and Congress will face three major economic challenges. Host Michel Martin breaks down what you need to know for the next round of fiscal talks.
Jack Lew, current White House chief of staff. He's likely to be the nominee for treasury secretary.
Credit Jonathan Ernst / Reuters /Landov
Update: At 6 a.m. ET. Jan. 10, White House Announcement:
The White House has officially confirmed that President Obama will nominate his chief of staff, Jacob "Jack" Lew, to be the next Treasury secretary. According to a statement, the announcement is scheduled for 1:30 p.m. ET today (Thursday).