The Justice Department late Monday filed civil fraud charges against the nation’s largest credit-ratings agency, Standard & Poor’s, accusing the firm of inflating the ratings of mortgage investments and setting them up for a crash when the financial crisis struck.The suit, filed in federal court in Los Angeles, is the first significant federal action against the ratings industry, which during...
Well: Expressing the Inexpressible
Label: HealthWhen Kyle Potvin learned she had breast cancer at the age of 41, she tracked the details of her illness and treatment in a journal. But when it came to grappling with issues of mortality, fear and hope, she found that her best outlet was poetry.How I feared chemo, afraidIt would change me.It did.Something dissolved inside me.Tears began a slow drip;I cried at the news storyOf a lost boy found in the...
Well: Expressing the Inexpressible
Label: LifestyleWhen Kyle Potvin learned she had breast cancer at the age of 41, she tracked the details of her illness and treatment in a journal. But when it came to grappling with issues of mortality, fear and hope, she found that her best outlet was poetry.How I feared chemo, afraidIt would change me.It did.Something dissolved inside me.Tears began a slow drip;I cried at the news storyOf a lost boy found in the...
Bits Blog: IBM Slims Down Its Big Data Offerings
Label: Technology I.B.M. is cutting the price on its least-expensive Power server computers by 50 percent, to under $6,000. The pricing move is one of a series of hardware and software announcements on Tuesday intended as a strategic push more broadly into the fast-growing market for Big Data technology and to tailor offerings for smaller businesses.The overall market for Big Data technology — hardware, software and...
Gas Buildup and Spark Blamed in Pemex Blast
Label: WorldMEXICO CITY — Mexico’s attorney general said Monday that a buildup of gas ignited by a spark from a faulty electrical system had caused the explosion at the headquarters of Mexico’s state-owned oil company, which killed at least 37 people last week. Jesús Murillo Karam, the attorney general, said a team of investigators from Mexico, Spain, the United States and Britain had found no evidence...
Feb
03
New Questions Raised Over a Bank of America Settlement
Label: BusinessBank of America has long rued its decision in 2008 to acquire Countrywide Financial, the subprime mortgage giant. To date, the bank has set aside some $40 billion to settle claims of mortgage misconduct that occurred before it acquired the freewheeling lender. It has been a regular refrain at Bank of America. Last month, Brian T. Moynihan, the bank’s chief executive, told Bloomberg television...
Phys Ed: Helmets for Ski and Snowboard Safety
Label: HealthPhys EdGretchen Reynolds on the science of fitness.Recently, researchers from the department of sport science at the University of Innsbruck in Austria stood on the slopes at a local ski resort and trained a radar gun on a group of about 500 skiers and snowboarders, each of whom had completed a lengthy personality questionnaire about whether he or she tended to be cautious or a risk taker.The researchers...
Phys Ed: Helmets for Ski and Snowboard Safety
Label: LifestylePhys EdGretchen Reynolds on the science of fitness.Recently, researchers from the department of sport science at the University of Innsbruck in Austria stood on the slopes at a local ski resort and trained a radar gun on a group of about 500 skiers and snowboarders, each of whom had completed a lengthy personality questionnaire about whether he or she tended to be cautious or a risk taker.The researchers...
Broad Powers Seen for Obama in Cyberstrikes
Label: TechnologyWASHINGTON — A secret legal review on the use of America’s growing arsenal of cyberweapons has concluded that President Obama has the broad power to order a pre-emptive strike if the United States detects credible evidence of a major digital attack looming from abroad, according to officials involved in the review. That decision is among several reached in recent months as the administration...
Study Belies Israeli Claim of ‘Hate’ in Palestinian Texts
Label: WorldJERUSALEM — An academic study of the contents of Israeli and Palestinian Authority textbooks, to be published Monday, finds that each side generally presents the other as the enemy, but it undermines recent assertions by the Israeli government that Palestinian children are educated “to hate.” Though unusually comprehensive, the report is unlikely to resolve more than a decade of fierce wrangling...
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