The Federal Reserve moved a step closer toward ending its zero interest rate policy. In a statement released Wednesday afternoon, the Fed dropped a pledge to be "patient" before raising rates. But, the Fed's Open Market Committee said, it is unlikely to raise rates in April.
It's not just Benjamin Netanyahu and other world leaders who are scrutinizing the Iran negotiations. Oil traders are, too. That's because there's already an oil glut, and an Iran deal could lift sanctions and mean even more oil.
"Even the thought that Iranian oil could be unleashed on the global market is, you know, getting people to sell first and ask questions later," says Phil Flynn, a senior market analyst and oil trader at The Price Group in Chicago.
Originally published on Wed March 18, 2015 12:23 pm
When utility companies burn coal to make electricity — and it generated 39 percent of U.S. energy in 2013 — it leaves behind ash that can contain arsenic, selenium, boron and many other toxic substances.
Four key European allies have broken ranks with the U.S. to join a major new development bank created by China. Germany, France, and Italy today agreed to join the Asian Infrastructure Investment Bank. Last week, the U.K., one of America's staunchest allies, became the first Western nation to join the new bank.
The Obama administration opposes the AIIB, due to open later this year, and has pressured allies such as South Korea, Japan and Australia not to join the new bank. The administration says there's no need for another international lending institution.
Originally published on Tue March 17, 2015 8:18 pm
When the venture capital firm that funded Google and Amazon fired Ellen Pao in 2012, it said it let her go because she didn't have what it takes.
Pao disagreed — and sued her former employer, Kleiner Perkins Caufield & Byers, for gender bias and retaliation. The trial, now underway in San Francisco, is providing a rare look into allegations of sex discrimination and the world of venture capital.
Originally published on Wed March 18, 2015 2:11 pm
As scholarly buzzkills have long told us, corned beef isn't really Irish. So what to do if you want a taste of the Emerald Isle on St. Patrick's Day? Instead of green, maybe look for yellow — a pat of Irish butter. Although most Americans are familiar with images of Ireland's rolling green hills, few realize that those hills are the secret to a deliciously buttery empire.
With recent news headlines proclaiming that dozens of people have been selected as finalists for a Martian astronaut corps, it might seem like a trip to this alien world might finally be close at hand.
But let's have a little reality check. What are the chances that we really will see people on the Red Planet in the next couple of decades?
Cockroaches are widely despised. They're attracted to filth. They frighten people, even give them nightmares.
But for a team of scientists at Texas A&M University, the roach is a hero: the first animal that humans might successfully transform into a robot, a hybrid of insect and machine that we can send anywhere to be our eyes and ears.
The Perfect Roach
Professor Hong Liang opens the door to a small laboratory with hundreds, maybe thousands, of cockroaches. It's not for the faint of heart.