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November 22, 2014

UN pushes back Ebola targets.

  The United Nations had previously set a goal of safely burying 70% of the dead and treating 70% of the sick caused the Ebola outbreak in West Africa by Dec. 1, but now the UN and WHO only hope the disease can be contained by the middle of 2015. “The international response is outpaced by this Ebola spread,” Ban Ki-moon said, warning of its potential to devastate Mali next.
November 21, 2014

Could the EU break up Google?

  The Financial Times reports that a draft motion from the European Parliament (paywall) calls for Google to unbundle its search operation from other businesses to satisfy antitrust concerns. This reflects a hardening of the EU’s stance in its long-running tussle with Google over the power it wields on the web.
6 hours ago

Portugal’s former prime minister is arrested.

   Jose Socrates has been arrested by police as part of an investigation into money-laundering and bribery. Three others have also been detained. Socrates led the government from 2005 to 2011, when he was ousted by the public following the country’s bailout during the financial crisis. The current government is also caught up in a separate corruption scandal.  
November 22, 2014

The FCC gets a wireless windfall.

  An auction of wireless spectrum licenses by the Federal Communications Commission has collected $34 billion in bids (paywall), making it the most lucrative auction of its kind ever. Analysts had forecast less than half that amount. Bidders include US giants like AT&T and Verizon and broadcaster Dish, which wants to start a mobile phone service.
November 21, 2014

China cuts its rates for the first time in over two years.

  Slowing domestic growth and a struggling property market led the People’s Bank of China to reduce deposit and lending rates by 25 basis points and 40 basis points, respectively. The cuts are expected to boost economic activity in China and crude oil prices and mining shares jumped.
7 hours ago
Chart of the Moment

As France’s economy gets weaker, the Christmas lights come earlier…

November 21, 2014

Republicans sue Obama over Obamacare.

  They’ve aired their grievances with the president’s signature healthcare measure for months—to which he replied, “So sue me!“—and that’s exactly what just happened. The suit calls into question the $175 billion given to insurance companies and the delays in the deadline for when large companies need to offer insurance.
November 21, 2014

Amazon is getting into the travel business.

  A new service—appropriately called “Amazon Travel”—will let customers book stays at hotels and resorts in a handful of US cities, according to Skift. The three hoteliers Skift interviewed said Amazon will give them access to its customer database, and that their properties were selected for the service based on their TripAdvisor ratings.
November 21, 2014

A teenage capitalist faces school suspension.

  Tommie Rose, 15, bought junk food in bulk and resold it to his peers. He was so profitable—making nearly $22,000 before he was shut down—that he even hired two employees to help. “We admire this pupil’s entrepreneurship,” said the school’s head teacher, whose biggest concern was that the business was trafficking in unhealthy food.  

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