Google Glass Will Be Made in the USA by Foxconn
Google‘s high-tech glasses will be manufactured in California, according to multiple reports, in the latest example of an American tech company choosing to build one of its products in the United States. Google’s highly touted computerized spectacles, known as Google Glass, will be assembled by Foxconn Technology Group, the Taiwanese industrial giant that builds many of Apple‘s products, at a plant in Santa Clara, California, according to reports in the Financial Times and Bloomberg. Google’s decision comes just months after Apple CEO Tim Cook announced plans to spend $100 million to build one of the existing Mac lines in the U.S. Apple’s plans were highlighted by President Obama during his 2013 State of the Union address. Obama has called for tech companies to increase U.S.-based manufacturing, and although there are signs of an uptick, there remains considerable debate about whether this is a long-term trend or a short-term byproduct of the U.S. economic recovery. Foxconn, ...
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New York Times Co. To Sell Boston Globe Amid Changing Media Landscape
The Times they are a-changin’ — again. The New York Times Co., parent company of the Gray Lady, plans to sell The Boston Globe, the venerable newspaper founded in 1872 by six Boston businessmen. The sale, which has been expected, is another indication of the rapidly changing U.S. media landscape, as the Internet transforms traditional media companies and new upstarts rise to challenge them. The decision to sell The Globe (part of the New England Media Group) is the first major action undertaken by new Times Co. CEO Mark Thompson, the former head of British Broadcasting Corp. For the last several years, The Times has been shedding assets and developing a new strategy centered around video, mobile devices, social media, and international growth. In short, The Times aims to become the premier global news organization, one deeply rooted in technology. “Our plan to sell the New England Media Group demonstrates our commitment to concentrate our strategic focus and investment on The New ...
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America’s Gun Economy, By the Numbers
The shooting in Newtown, Conn., that killed six adults and 20 children on Friday has once again refocused the nation’s attention on guns and gun control. Below are numbers to give some sense of the size and scope of the gun industry in America, the federal government’s involvement in regulating that industry, and the political and economic factors that are likely to drive the debate in the weeks and months ahead. The Gun Economy 47% Percentage of Americans who say they have a gun in their home or elsewhere on their property, according to Gallup, the highest reported number in two decades $6 billion Estimated revenue generated by the gun and ammunition industry in the U.S., according to an analysis by business research firm Hoovers 310 million Estimated number of firearms in the U.S., according to the federal government, which includes 114 million handguns, 110 million rifles, and 86 million shotguns 209,750 Number of jobs related to the firearm industry in 2012, according to the National ...
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What happened to Occupy Wall Street's fundraising haul
Friday, September 14, 2012 - 02:32 Spencer Platt/Getty Images A member of the group 'Occupy Wall Street' hands out flyers on a sidewalk near Wall Street on Sept. 13, 2012 in New York City. Marketplace Morning Report for Friday, September 14, 2012 Stacey Vanek Smith: A year ago Monday, a group of protestors gathered in lower Manhattan, kicking off what would become the global phenomenon of Occupy Wall Street. Occupy raised a surprising pile of money. Mark Garrison takes a look at how much they got and how they spent it. Crowd chants “We are the 99 percent.” Mark Garrison : As those crowds grew, something happened that nobody predicted. Occupy got rich. Donations poured in and the movement suddenly had a distinctly 1 percent level bank balance. Activist Daniele Kohn joined Occupy’s accounting team during the height of Zuccotti Park. Daniele Kohn : It was really inspiring to have the encouragement of the world. Occupy says giving spiked whenever strong police responses got attention and ...
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