Margeaux Wolberg was sitting with the other 12-year-olds in her class when one of the girls turned to her and asked, âIs your mom dead? She never came to school like the other mothers to volunteer in the library or help the teachers. It was always Margeaux’s dad who did that.
Margeaux reached for her laptop, typed a few words into Google and showed her classmate a list of hits with her mother’s name and job titles, from chief information officer at Salesforce.com to her current role as vice-president of technology business operations at PayPal. “See, my mom’s not dead,” she said. “My mom’s famous.”
A really interesting look at the changing dynamic of families in the high-paced Silicon Valley.
The New York Times Company purchased the Boston Globe for $1.1 billion back in 1993. It’s unknown why the Times is currently planning to offload the paper, which has been in circulation since 1872, though rumors that it would be sold have been circulating for some time now.
In a move intended to give parents greater control over data collected about their children online, federal regulators on Wednesday broadened longstanding privacy safeguards covering children’s apps and Web sites.
Members of the Federal Trade Commission said they had updated the provisions to keep pace with the growing use of mobile phones and tablets among children. The regulations also reflect innovations like voice recognition technology, global positioning systems and behavior-based online advertising — that is, ads tailored to an Internet user’s habits.
Unsurprisingly, a number of marketers are unhappy with the new proposal and will likely challenge it in court. It’ll be interesting to see how this plays out, as conservatives are typically against the introduction of new business regulations; however, neither party wants to appear unconcerned with the privacy/protection of children. What do you think of the new rules?
BREAKING: US economy adds 146,000 jobs in November
The U.S. economy added a solid 146,000 jobs in November and the unemployment rate fell to 7.7 percent, the lowest since December 2008. The government said Superstorm Sandy had only a minimal effect on the figures.
AP reports:Hiring remained steady during the storm and in the face of looming tax increases. But the government said employers added 49,000 fewer jobs in October and September than initially estimated. And the unemployment rate fell from 7.9 percent in October mostly because more people stopped looking for work and weren’t counted as unemployed.
Photo: A man walks past destroyed homes on the Rockaway Peninsula in the Queens borough of New York on Nov. 27, 2012. (Seth Wenig/AP Photo)
The good news: Things are improving. The better news: A tough month after Sandy didn’t crimp the improvement.
Both sides in the strike that has crippled the ports of Los Angeles and Long Beach have agreed to federal mediation, L.A. Mayor Antonio Villaraigosa said Tuesday at a news conference.
Villaraigosa said the agreement was an encouraging sign and could help bring an end to the strike, now in its eighth day. He said the parties negotiated throughout the night and there had been some recent movement.
“I’m hopeful that the mediator will be here today,” Villaraigosa told reporters. “We’ve got to get a deal and get a deal as soon as possible.”
Approximately 20,000 workers in the region have been affected by the strike, which is now on its seventh day, and the work stoppage has shuttered 10 of the 14 available cargo container terminals at ports in Los Angeles and Long Beach. Union members claim that the 14 employers being picketed have been slowly but steadily outsourcing jobs to states and countries with lower-paid, non-union workers. The terminal owners deny the claims, saying they’ve guaranteed the union members full job security in addition to wage and pension boosts. source
Yesterday, Mayor Bloomberg visited Washington DC joined by Senator Charles Schumer and Senator Kirsten Gillibrand to ask for fiscal help from the federal government for Hurricane Sandy relief efforts.
In New York City, the public and private losses caused by Hurricane Sandy, which were not covered by private insurance come to $15.2 billion. New York City’s recovery is vital to America’s continued economic recovery and growth.
Read the Mayor’s remarks delivered yesterday at the U.S Capitol Building at http://on.nyc.gov/UdLnVc.
Highlight from the remarks: “We haven’t waited for the help that we hope to get from Washington to come, but given the scale and the impact of the storm, Federal assistance is clearly warranted.”
Wrote a thing.
Hat tip to this headline writer.
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New York Stock Exchange to close trading floor, trade electronically for storm
The New York Stock Exchange said it will shut its trading floor starting tomorrow and invoke contingency plans to move all trading to NYSE Arca, its electronic exchange, as Hurricane Sandy heads toward the city.
Photo credit: Scott Eells / Bloomberg
Translation: Our financial system will continue moving without a physical presence.
2 Americans win Nobel economics prize
AP:Alvin Roth and Lloyd Shapely have won the Nobel economics prize for the theory of stable allocations and the practice of market design.
‘Even though these two researchers worked independently of one another, the combination of Shapley’s basic theory and Roth’s empirical investigations, experiments and practical design has generated a flourishing field of research and improved the performance of many markets,’ the academy says.
Photo: Representatives of the Swedish Royal Academy of Sciences present the winners of the Nobel Memorial Prize in Economic Sciences on Monday in Stockholm. (Henrik Montgomery / AP)
In which two economists get lumped together because someone important thought their work was similar.
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