Walter Gordillo

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Latest tool for neurosurgeons: Virtual reality headsets

Virtual reality headsets are already revolutionizing the way people experience video games: put on a pair of goggles and you can travel anywhere from …

Facebook tries to mend fences over free Internet service in India

A Facebook-led group made enemies in India recently by giving away free Internet access as a way to connect people online who can’t afford it. The …

Improved sanitation may reduce sexual violence in South African townships

Improving access to public toilets in South African urban settlements may reduce both the incidence of sexual assaults by nearly 30% and the overall …

Yale

Ignore The Pundits, Wednesday's GDP Number Signaled A Healthy Economic Boom

When archaeologists focused on the alleged science that is economics look back on the 20th and 21st centuries, they’ll laugh condescendingly about the primitive “measure” used then to divine the health of country economies, Gross Domestic Product (GDP). They’ll then wonder how so many seemingly …

Is China Spending $100 Billion A Month Defending The Yuan?

The People’s Bank of China, the central bank, and Chinese financial institutions sold a net $25.2 billion in foreign exchange last month as they defended the renminbi.<p>The month before, the currency was apparently running the other way. In February, the PBOC and banks purchased a net 42.2 billion …

China

Bill O’Reilly’s inequality disaster: Fox News’ loudest pundit makes a complete fool of himself on taxes

Fox’s resident war hero has literally the worst possible take on income inequality<p>It’s pat at this point to observe that income inequality will be a defining issue of the 2016 race. Everyone is wondering just how far Hillary Clinton will shift to the left on economic policy to keep the Elizabeth …

Who Is Saudi Arabia Really Targeting in Its Price War?

The supposed oil price war between Saudi Arabia and U.S. shale may instead be aimed at hurting investment bankers who ruined oil supply and demand …

How the Recession Changed Long-Term Unemployment

This downturn and recovery have been different than others, and workers of all types have suffered.<p>The number of Americans who have been out of work for six months or more steadily declined within the last year by 1.1 million people. The national unemployment rate fell, too, to 5.5 percent, as the …

Demographics

The hidden effects of the oil crash are beginning to become apparent

Not much, except that they're all grappling with an inconvenient but incontrovertible truth: a sudden, significant, and prolonged shift in the price of oil changes the world.<p>That truth was on display in 1974, and it's on display again now. Over the course of just a few months in 1973-1974, the …

Dogwalker who found 'whale vomit worth £100k' discovers it's worthless

Ken Wilman's dreams of riches are ruined after an expert says the large smelly rock he found on walking along Morecambe beach isn't prized ambergris<p>A dog walker who thought he had struck gold for two years after finding a large lump of smelly whale vomit has been told it is just a worthless …

Germanwings Flight 9525 co-pilot deliberately crashed plane, officials say

<b>(CNN) —</b> <b>Latest developments:</b><p><b>•</b> Transponder data shows that the autopilot on Germanwings Flight 9525 was reprogrammed by someone in the cockpit to change the plane's altitude from 38,000 feet to 100 feet, according to Flightradar24, a website that tracks aviation data.<p><b>•</b> Police searched Germanwings …

Airplanes

Asia stocks drift lower as Fed, China weakness weigh

NEW YORK (AP) — Asian stocks drifted mostly lower Wednesday as investor sentiment was kept in check by the prospect of higher U.S. interest rates …

War and the Global Economy: Financial Experts on “Why We Are Drifting Towards World War Three” | Global Research - Centre for Research on Globalization

<i>The Economist argues that there are ominous parallels between the conditions which led to the first world war and today:</i><p><i>“The United States is</i> …

The outlook for global growth in 2015

Despite tempered expectations, most forecasters see strong growth ahead, accelerating in 2016. As our Global Economics Intelligence team reports, …

Economy

Modi’s measured budget could transform India’s economy

Ahead of India's budget on Saturday, economists at HSBC described expectations as "sky high." That's a high bar to clear. So in the end, Prime Minister Narendra Modi didn't even try.<p>There was no "big bang" in Mr. Modi's first full-year budget to match his seismic electoral victory nine months ago. …

China's expansion push in Southeast Asia renews concerns

China surpassing the U.S. as the world’s largest economy is a key indication Beijing is getting set in the coming months to expand its reach further into Asia, according to a top Reagan administration official.<p>Fox News National Security Analyst KT McFarland spoke to Dr. Michael Pillsbury, a senior …

Worried About Deflation? Fed Puts Focus on Alternate Price Measures

What is a “trimmed mean” inflation measure? It’s a way of calculating price pressures that aims to better uncover the underlying trend of inflation. Trimmed-mean measures strip out the biggest price movers in any given month in a bid to reduce noise in favor of signal.

US stock market ends mostly lower

Japan comes out of recession

Economy grew 0.6% in the fourth quarter of 2014, meaning world’s third largest economy had 0% growth for the year<p>Japan’s economy grew 0.6% in the three months to December, as the world’s third largest economy crawled out of recession, the government said on Monday, while the data showed flat growth …

Recession

OPEC leader: Oil could shoot back to $200

Right now the oil market is totally focused on finding a bottom for oil prices. However, according to OPEC's Secretary-General Abdulla al-Badri we've already hit bottom.<p>Not only that, but he sees a real possibility that oil prices could explode higher to upwards of $200 per barrel in the future. …

Oil

Saudi Arabia sees end of oil age on the horizon

<i>Most analysts believe Saudi Arabia refuses to cut production because it wants to shake out its higher-cost competitors or because it wants to punish</i> …

An Arab billionaire shares his explosive views on Obama, Israel, ISIS, and why the Arab Spring failed

<b>Business Insider:</b> It's been four years since the start of the Arab Spring. In Egypt, it seems like the revolution has been undone. Before, there was …

Markets

Corporations and countries complicit in ripping off Africa

Sarah Evans interned at the Diamond Fields Advertiser in Kimberley for three years before completing an internship at the Mail & Guardian Centre for …

South Africa

Greece's finance minister says his country is like Germany just before the Nazis took power

In a news conference with German finance minister Wolfgang Schaeuble, Varoufakis said Greece now is like Germany in the 1930s, before the Nazis came to power.<p>Here are Varoufakis' comments, according to Open Europe, a think tank that was tweeting out the lines:<p>"Germany should understand the most …

The Too-Much-of-a-Good-Thing Economy

You know the old expression "Be careful what you wish for; it may actually come true"? Well, somewhere there are a bunch of early-1980s economists who may now be regretting what they wished for 35 years ago.<p>The U.S. in the early 1980s was beset by a series of long-term economic problems: soaring …

The Digital Economy Is The New "App Economy"

If there’s one thing that became evident during the recent holiday shopping season it’s that we’re seeing a significant shift in how and where consumers shop, with mobile devices emerging as the preferred method for browsing and buying.<p>According to the annual IBM Digital Analytics Benchmark …

Chinese investors’ appetite for betting with borrowed money cannot be tamed

About that “crackdown.” On Jan. 16, Chinese authorities barred three big brokers from opening new margin-trading accounts for three months. The brokers had lax controls on lending to investors, so investors could buy more stock, regulators said. Shares plunged on the day, but borrowing took only …

Stock Markets