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More than half the world’s banks are too weak to survive a global recession, according to a new report from McKinsey and Company, A 58-page report from the consultancy says the banks are not making enough money to withstand the high costs of operating while competing against fintech startups and the long shadow of companies such as Apple, Amazon and Google poised to increase their presence in the financial services industry. McKinsey says banks have three choices to survive the stress — innovate their existing practices, buy innovation or merge together.
With proposals for drones to become the new delivery staff, questions about privacy, trespassing and noise arise. “Little of the existing law is based specifically on drones,” so the path forward is unclear.
The U.S. Department of Energy is preparing to award an extension for Mission Support Alliance at Hanford’s services contract. The extension allows services to continue “while the department completes the acquisition process.”
Kansas government is in a dispute with the Legislature over $3.8M nonpayment, which could result in a $1.1M federal penalty, minimum. But the Legislature says a “gentleman’s agreement” might mean $3M doesn’t have to be paid.
With a formidable list of credentials, Marybel Batjer was recently appointed the president of the California Public Utilities Commission. She says PG&E to “be judged by outcomes and not by plans.”
60,000 of San Jose’s residents were affected by PG&E’s recent “preventive” power outages. Mayor Sam Liccardo is open to any alternative, including forming its own utility or one that is “a customer-owned co-op."
By Tuesday morning, more than 30 House Republicans had either called for the speaker's resignation or had stated that they no longer supported him.
It’s a complicated story involving Russians, Ukrainians, pot cultivation facilities in the area, campaign funds, the feds and lots of money.
The disconnect highlights one of the many hurdles facing the city as it tries to crack down on blight and bad landlords while county taxpayers are padding those landlords’ wallets and allowing low-income people to live in shoddy conditions.
The subpoena suggests the commission is targeting potential revenue diversion and the accuracy of the city’s financial reports to investors. Any diversion of airport money is a violation of federal law that requires disclosure.
The plan covers spending on road, bridges and other transportation projects over a six-year period. The total includes federal matching funds, but the state will now be picking up a larger part of a project's cost.
The continued slide of the United States in funding university research as a share of GDP. The top 12 governments on the list invest more than double that of the United States. Such investments have been credited for undergirding the U.S. technological dominance since
World War II.
In September 2020, the Mayflower Autonomous Ship will leave England and arrive in Massachusetts two weeks later, all unmanned. The project is being headed by ProMare and IBM and looks nothing like the Mayflower of 1620.
California’s recent PG&E power outage left thousands without any telephone or power access. Worried about safety, customers and service providers are searching for ways to keep the phones on.
San Diego, Calif., proposes two tax increases to fund bus and high-speed rail investments with hopes of increasing public transit use. While it’s not impossible, “it’s really hard to change.”
The automatic voter registration California implemented through its DMV registration made 105,000 errors in its first year. Concerns grow for the noncitizens as their voter registration could prompt deportation.
The Seattle-based digital retailer hopes to buy favors from local politicians with record-setting sums of cash. In addition to Amazon corporate donations, a small group of executives, called the ‘S Team,’ is donating as well.
The number of American states that use one or more election services from Amazon Web Services (AWS), according to a presentation seen by Reuters. “While it does not handle voting on election day, AWS … now runs state and county election websites, stores voter registration rolls and ballot data, facilitates overseas voting by military personnel and helps provide live election-night results.”
Uber will swing scooter prices by as much as 30 cents per minute, depending on local demand: higher costs where scooters are used and lower where they’re parked. The surge pricing will start in Dallas and Tampa, Fla.
A study by the U.S. Travel Association showed that almost 75 percent of Americans don’t have a Real ID. This means that three-quarters of Americans may be fighting for DMV appointments before the October 2020 deadline.
Astronauts Christina Koch and Jessica Meir completed the first-ever all-female spacewalk on Friday morning. After a mishap scuttled the walk in March, the all-female walk set new precedents for space equity and female futures in STEM.
After a controversial, statewide power outage, the utility company is keeping local officials at arm’s length. It seems PG&E’s “primary goal was protecting itself from liability,” not the millions without power.
As school officials across the country worry about how to stop the next mass shooting, biometric technologies and expanded surveillance systems have become attractive alternatives to traditional security procedures.
Brain functions integrate and compress multiple components of an experience, including sight and smell – which simply can't be handled in the way computers sense, process and store data.
The number of electric vehicle charging stations that will constitute Ford-Amazon’s proposed network. The two companies teamed up to establish the largest charging station network in North American with 12,000 different locations.
A lawsuit claims the Bird and Lime rental scooters clog sidewalks, making the city unsafe for people with impaired mobility and violating the Americans with Disabilities Act.
The annual meeting of state chief technologists points to a cloud- and mobile-focused future.
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