If there's one piece of hardware that can be found on nearly every trader's desk, regardless of time zone, it's the Bloomberg data terminal.
So when the terminals experienced a global outage lasting hours, it sent chaos through markets where the "screens" are relied upon to analyze and interpret financial data — and to exchange market gossip with traders around the world.
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How are you feeling seems like the kind of question you might get from a psychiatrist, not an economist. Then again, Stacey Vanek Smith, from NPR's Planet Money team, reminds us about one vitally important economic indicator.
The World Bank's goal is to end extreme poverty and to grow income for the poorest people on the planet.
The bank does this by lending money and giving grants to governments and private corporations in some of the least developed places on the planet. For example, money goes to preserving land, building dams and creating health care systems.
Life has suddenly gotten easier for the sardine. Federal regulators are not only closing the commercial sardine fishing season early in Oregon, Washington and California, but it will stay closed for more than a year.
The decision to shut down the sardine harvest is an effort to build up depleted stocks of the small, oily fish. The conservation group, Oceana, says that sardine populations have crashed more than 90 percent since 2007.
Originally published on Fri April 17, 2015 8:01 am
By Emma Bowman
You may not know it but most of today's smartphones have FM radios inside of them. But the FM chip is not activated on two-thirds of devices. That's because mobile makers have the FM capability switched off.
The National Association of Broadcasters has been asking mobile makers to change this. But the mobile industry, which profits from selling data to smartphone users, says that with the consumer's move toward mobile streaming apps, the demand for radio simply isn't there.
China says 57 countries have signed on as charter members of the new China-backed Asian Infrastructure Investment Bank. They include some of the United States' closest allies, which added their names despite pressure from the White House not to join.
The Obama administration is concerned the new bank will compete with Western-led institutions like the World Bank and the International Monetary Fund, but leaders of those institutions don't seem to be worried.
Originally published on Thu April 16, 2015 8:29 pm
The Los Angeles Unified School District is demanding that Apple Inc. refund millions of dollars for Pearson software that had been loaded onto iPads for the district's 650,000 students.
If an agreement on the dispute cannot be reached, the nation's second-largest school district could take Apple to court.
Two years after the district launched the most expansive school technology initiative in the country, its attorney said it is "extremely dissatisfied" with the work of Pearson, the publisher of the Common Core learning software.
In drought-stricken California, golf is often seen as a bad guy — it can be hard to defend watering acres of grass for fun when residents are being ordered to cut their usage and farmers are draining their wells.
But golf is a $6 billion industry in the state and employs nearly 130,000 workers, according to the California Golf Course Owners Association. So while the greens are staying green, some golf courses are saving every drop of water they can.