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How Yahoo Killed Flickr and Lost the Internet
Web startups are made out of two things: people and code. The people make the code, and the code makes the people rich. Code is like a poem; it has to follow certain structural requirements, and yet out of that structure can come art. But code is art that does something. It is the assembly [...]
Gov. Scott (R-ALEC) Walker’s billionaire donor pays nothing (zero) in State Corporate income tax
Billionaire Diane Hendricks, the anti-labor donor who contributed $500,000 to Gov. Scott Walker to make Wisconsin a red state is the largest donor to help fight his recall. Hendricks’ firm pays zero State Corporate income tax. Walker is under more scrutiny since the besieged Governor’s conversation with his benefactress billionaire was outed in a video [...]
The Ancient Massive Galaxy Mystery – 80 percent Appear Extremely Active and Growing
NASA’s Chandra X-ray Observatory image above of the distant galaxy 3C295 shows an explosive galaxy enveloped by a vast cloud of fifty million degree gas. The gas cloud, which is visible only with an X-ray telescope, contains more than a hundred galaxies and enough material to make a thousand more. The galaxies are too cool [...]
Dear Executives, Technological Ignorance Is No Longer Acceptable
An article appeared in the New York Times technology section recently about Glenn Britt, the CEO of Time Warner Cable. The story? He doesn’t know what AirPlay is. Of course, many people don’t know what AirPlay is. For those of you who don’t know, AirPlay is a software service from Apple that allows users to [...]
Obama: JP Morgan Loss Shows ‘Exactly Why Wall Street Reform’s So Important’
JP Morgan Chase’s $2 billion trading loss is “exactly why Wall Street reform” is so important, President Obama said in his first interview since the bank announced the massive loss last week. Obama signed the Dodd-Frank Wall Street Reform Act, which could ban risky trades like the one that hit JP Morgan, in 2010. JP [...]
Roaming charges! I-T dept issues notices to Bharti Airtel
The income tax department has issued fresh notices to telecom giant Bharti Airtel in connection with taxation of overseas roaming charges for financial years 2001-02 and 2006-07, reports CNBC-TV18. This is in addition to the I-T department’s Rs 1,067-crore tax demand notice for non-payment of TDS dues in the last four financial years in a [...]
Petrol pump operators threaten strike on 23rd April 2012 Petrol Strike
Petrol pump operators today threatened to go on a one-day strike on April 23 demanding a hike in commission they get on fuel sales. “It has been decided that all petrol pumps of public sector oil marketing companies in the country shall observe one day protest closure in the first instance from midnight of April [...]
Credit Policy: RBI sees sticky inflation; risks to upside
The Reserve Bank of India (RBI) said inflation was likely to remain near current levels during the fiscal year, with risks still to the upside, sounding a cautious note a day before it is expected to cut its policy interest rate for the first time in three years. Earlier on Monday, India reported annual wholesale [...]
Norway gunman Breivik pleads not guilty at Oslo trial
OSLO: Right-wing extremist Anders Behring Breivik pleaded not guilty to charges he committed “acts of terror” when he massacred 77 people in twin attacks in Norway last July. “I acknowledge the acts, but not criminal guilt and I claim self-defence,” he told the court on the first day of his 10-week trial. The judge then [...]
HC asks AP govt to reconsider transfer of IO probing liquor syndicate
In an embarassment to the state government, the Andhra Pradesh High Court today asked it to reconsider the transfer of the Anti-Corruption Bureau(ACB) officer who was heading the probe into the dealings and links of the liquor syndicate. A Division Bench which also included Chief Justice Madan B Lokur said this while hearing an interlocutory [...]
Afghan Taliban says rehearsed attack for two months
KABUL: The insurgents who mounted weekend attacks in central Kabul and other parts of Afghanistan carefully rehearsed for months, even building small military-style models and pre-positioning weapons, a Taliban spokesman said on Monday. Zabihullah Mujahid provided Reuters with a rare insight into how the group plans strategic high-profile attacks designed to deal a psychological blow [...]
Non-UPA CMs join hands to fight ‘overbearing’ Centre
NEW DELHI: The battle lines for a states versus Centre faceoff got sharply drawn on Monday when non-UPA chief ministers – including Odisha’s Naveen Patnaik, Gujarat’s Narendra Modi and Tamil Nadu’s J Jayalalithaa – got together for an unscheduled meeting here to work out a common line on contentious issues. While this was the main [...]
iGate to delist Patni by purchasing shares from minority holders
iGate Corp has said that it will soon delist Patni Computer Systems from stock exchanges after acquiring shares from the company’s minority shareholders at a set price of Rs 520 per share and will complete the merger with itself. US-listed iGATE, which had acquired Phaneesh Murthy-led Patni Computers in 2011, has announced plans to delist [...]
Google revives it Google+ social platform
Internet giant, Google has significantly revived it social networking platform, `Google +’ in order to attract more users to the service that competes with the likes of Facebook and Twitter. Experts say that the update leaves Google + looking much more like its larger rival Facebook. Google unveiled a refresh of Google+, which boasts 170 [...]
Amazon announces in-app purchase service in its app store
Amazon has announced the launch of a new in-app purchase service, which allows users to make purchases inside the apps, for all apps offered though it App store. The service allows developers to let users spend money inside of apps, which may have been downloaded for free or for some price. The service will add [...]
Human stem cells engineered to seek out and kill HIV
In a major breakthrough in the fight against AIDS, scientists claim to have for the first time shown that human stem cells can be genetically engineered to seek out and kill HIV-infected cells in a living organism. The study demonstrates for the first time that engineering stem cells to form immune cells that target HIV [...]
China offers aid to stranded Indian traders
NEW DELHI: Yang Jiechi, Chinese foreign minister, has promised to help the two Indian traders stranded in Yiwu as they fight a case with the Chinese suppliers. During a bilateral meeting with foreign minister S M Krishna in Moscow, on the sidelines of the Russia-India-China trilateral, Krishna asked Yang to intervene because the two traders [...]
SC asks Gujarat govt to stop probe against Teesta Setalvad
NEW DELHI: The Supreme Court on Friday asked the Gujarat government to stop any further investigation into the case against social activist Teesta Setalvad for her alleged role in illegal exhumation of the bodies of the 2002 riot victims in Pandarwada, saying that it is a malafide case. However, Gujarat government said that the chargesheet [...]