Originally published on Wed August 29, 2012 3:51 pm
Many travelers using United Airlines faced delays Tuesday, but they weren't connected to Hurricane Isaac. Instead, the airline's computer network crashed, leaving large parts of its system paralyzed Tuesday afternoon.
First noted around 2:15 p.m. EDT, the problems persisted until about 6:30 p.m. EDT, when the airline tweeted that it is "in the process of resuming operations and rebooking customers."
The food world is buzzing today about the latest news on just how often we waste perfectly good food. And we admit, the statistics are pretty depressing.
About 40 percent of food in the United States today goes uneaten. The average American consumer wastes 10 times as much food as someone in Southeast Asia — up 50 percent from Americans in the 1970s. Yet, 1 in 6 Americans doesn't have enough to eat, says the U.S. Department of Agriculture. And food waste costs us about $165 billion a year and sucks up 25 percent of our freshwater supply.
What your next smart phone or tablet computer might look like is in the hands of a California jury. In one of the biggest patent infringement cases ever, Apple is suing Samsung — charging that in creating its products, Samsung ripped off iPhone and iPad technology. Samsung countered with its own allegations.
This case is complex, the legal issues are daunting, and the jury's decision has to be unanimous.
"What's at stake here is the future of smartphones and the tablet market," says intellectual property expert Christopher V. Carani.
Ever wonder how charitable the people are who live in your state or community? It turns out that lower-income people tend to donate a much bigger share of their discretionary incomes than wealthier people do. And rich people are more generous when they live among those who aren't so rich.
Refinance activity continues to boom, fueling the home-loan market. Low interest rates have created a class of "serial refinancers" — those lucky enough to borrow at lower rates — and given them new opportunities to spend their freed up cash.
Settlement attorney Robert Gratz never used to be on a first-name basis with his clients.
"In the past, our practice was such that you'd see people, and that was the end of it," he says.
Gratz now sees the same faces all the time, of clients refinancing again and again — these days in the mid-3 percent range.
Families often pull together to help finance a college education, with parents and grandparents chipping in or co-signing loans. And now, a SmartMoney report finds the U.S. government withholding money from Social Security recipients who've stopped paying on federal student loans.
Originally published on Mon October 22, 2012 11:29 am
If you've been applauding yourself recently for choosing the apple slices over the french fries for your kid's fast food meal, or an apple-laden prepackaged salad for your own dinner, you might want to hit the pause button.
Google is eliminating about 20 percent of the jobs at Motorola Mobility, the struggling cellphone manufacturer it finished acquiring earlier this year for $12.5 billion, according to reports from The New York Times, Dow Jones' All Things Digital blog and other news outlets.
One factor that has kept Poland somewhat insulated from the eurozone crisis is domestic consumer spending. Poland had more than 4 percent growth last year while the rest of the continent was mired in negative or flat growth. Poles have more discretionary income than ever before, and they're using it to buy things in swank malls cropping up all over the country.
If you don't love scallops, you probably just haven't had one that's cooked properly. That is, pan fried with some garlic and butter and herbs. They are very tasty.
In Maine, scientists and fishermen are learning how to farm, instead of catching, these tasty sea critters. That could be good for business and the environment.
Out on the water off Stonington, Maine, Marsden Brewer is motoring his lobster boat through the crowded fishing harbor. Today, just about all the boats here are lobster boats. But 30 years ago, he says, it was a different story.
Zoe Chace and Robert Smith are reporting from European borders this week. This is the third story in a four-part series.
The eurozone was supposed to create one big labor market by making it easy to cross borders for work.
But Gerhard Wiegelmann, a CEO in Stuttgart, Germany, can't find enough workers to staff his company — even with unemployment in Spain over 20 percent. He's had to turn down projects because he can't hire enough people.
Entrepreneurs are part of what makes America great. Many citizens over 50, rather than retiring early, have started their own businesses and are enjoying personal and monetary rewards. In this month's feature article we present a story by Commonwealth Financial Network that gives you some food for thought on the possibilities of entering the world of entrepreneurship.
It may take some time to pinpoint the exact cause of India's massive blackouts last week, but the underlying issue for India and many other parts of the developing world is that supply is struggling to keep up with the growing demand for power — an imbalance that can affect the reliability of electric grids.
Maureen O'Brien told her daughter Emily Macri: dream big.
She could pick any college she wanted and they would figure out a way to pay for it.
Macri chose the University of Vermont, which costs more than $49,000 in tuition and fees per year for out-of-state residents.
O'Brien and her daughter co-signed a private student loan from Sallie Mae for $24,000 and a $30,000 Parent PLUS loan, a federal loan program for parents. And that was just for Macri's first two years of college.
The jobs gain was the best in five months and was much better than the revised estimated of growth for June — a gain of just 64,000 jobs. But it wasn't good enough to keep the jobless rate from rising slightly. In June, it stood at 8.2 percent.
Originally published on Wed August 1, 2012 1:26 pm
Weighing 400 grams, the Olympic gold medals that are being doled out at the London 2012 Summer Games are the heaviest ever, according to reports. But that doesn't mean they're the most valuable: at an estimated $620.82, they're nearly $590 short of the $1,207.86 value held by a gold medal from the Stockholm Games of 1912.
The discrepancy stems from the fact that the 2012 gold medals contain only 6 grams of gold; the rest is silver and copper. In fact, the London bling contains more copper than gold, which is only used to coat the medals with a plating layer.