92384977
submission
Spy Handler writes:
Fei Yan, a research scientist at the Massachusetts Institute of Technology and 31-year-old Chinese citizen, was arrested by federal authorities on Wednesday on insider trading charges.
Mr. Yan used Google to search for phrases such as "how sec detect unusual trade" and "insider trading with international account." He also allegedly read an article titled "Want to Commit Insider Trading? Here's How Not to Do It", according to the U.S. Attorney prosecuting the case.
66489347
submission
Spy Handler writes:
Yesterday's announcement that Google will lease Moffett Field from NASA for 60 years drew criticism from a group called Consumer Watchdog, which stated "This is like giving the keys to your car to the guy who has been siphoning gas from your tank. It is unfairly rewarding unethical and wrongful behavior."
Which makes one wonder: what's the market rate for a lease on 1000 acres of Silicon Valley real estate? And also, would the public reaction to this deal have been as muted if it had been, say, Monsanto getting caught underpaying the gov't for diesel fuel, only to be rewarded later with a large sweetheart deal for federal land?
41916543
submission
Spy Handler writes:
A software update of the California welfare computer system (CalWIN) caused 37,000 Food Stamp recipients to lose their EBT (a credit card paid for by the government) benefits last weekend. According to the article, Hewlett Packard was responsible for the failed update of CalWIN, but at 8:00 a.m. today Xerox (who administers another state welfare system called CalFresh) issued a patch that reactivated the EBT cards.
31769177
submission
Spy Handler writes:
NASA announced today a tentative April 30th date for SpaceX launch to the International Space Station on an unmanned cargo mission.
"Everything looks good as we head toward the April 30 launch date," said Bill Gerstenmaier, NASA associate administrator for Human Exploration and Operations.
If successful, SpaceX will become the first private company to launch a space vehicle and dock with the ISS.
18208976
submission
Spy Handler writes:
In 2008, billionaire T. Boone Pickens unveiled his "Pickens Plan" on national TV, which calls for America to end its dependence on foreign oil by increasing use of wind power and natural gas. Over the next two years, he spent $80 million on TV commercials and $2 billion on General Electric wind turbines. Unfortunately market forces were not favorable to Mr. Pickens, and in December 2010 he announced that he is getting out of the wind power business.
What does he plan to do with his $2 billion worth of idle wind turbines? He is trying to sell them to Canada, because of Canadian law that mandates consumers to buy more renewable electricity regardles of cost.
