Originally published on Tue January 8, 2013 2:24 pm
In the European Union, unemployment rates in the region that uses the euro currency are at their highest ever, as a returned recession, falling income levels and persistent debt concerns trouble the region's economy, as its latest statistics show.
After nearly five years of economic crises, the European Union is also seeing more divergence between its member nations, particularly in the north, where economies have resilience, as opposed to the south, where unemployment rates are an average of more than 7 points higher.
A man enters a UBS bank in Hong Kong last month. The Swiss banking giant agreed in 2009 to identify the names of its U.S. account holders, part of a push by banking regulators to make it harder to hide income.
Originally published on Fri January 11, 2013 6:43 am
Time was that a Swiss bank account was synonymous with confidentiality and keeping assets from prying eyes. No more.
Last week, Switzerland's oldest bank, Wegelin & Co., pleaded guilty in a New York court to helping Americans hide $1.2 billion from the Internal Revenue Service over a decade-long period. Wegelin's plea, and a $57.8 million fine, forced the bank to shut its doors. It follows a $780 million settlement with UBS in 2009 that forced the Swiss banking giant to identify the names of its U.S. account holders.
On this edition of All Songs Considered we've got a bunch of new-year premieres for you, including a special collaboration between Tom Waits and Keith Richards. The two veteran musicians recorded a song together for a new compilation album called Son Of Rogue's Gallery, and we guarantee it's not at all what you'd expect. Do the word's "sea chantey" mean anything to you?
The widow of slain Civil Rights organizer Medgar Evers will deliver the invocation at President Obama's inauguration. Myrlie Evers-Williams will become the first woman, and someone other than clergy, to say the prayer that precedes the ceremonial oath of office, as The Washington Post reports.
The inaugural ceremony will take place on Jan. 21, Martin Luther King Jr. Day.
Originally published on Tue January 8, 2013 11:04 am
According to legend, when asked "Why birds?" photographer Eliot Porter replied as if it were obvious: "Because they fly."
But wait! Don't dismiss these as "bird photos." First, it helps to know just how difficult it is to capture a bird in flight — especially on film. It's also good to know how special it was to be photographing in color in the 1940s, and how onerous it is to make one's own dye-transfer prints.
Shwetak Patel (foreground), a MacArthur Fellow, recognized that every device in a home has a unique signature that can be used to track energy usage. The data collected by Patel's system showed that digital video recorders were responsible for 11 percent of this home's power use, just one example of The Human Face of Big Data.
Originally published on Tue January 8, 2013 11:52 am
I am just starting to dig into a beautiful new book/project that I wanted to pass along to our 13.7 readers. Its called The Human Face Of Big Data and it is a remarkable attempt to capture the profound transition we are all living through.