The Microsoft Board of Directors made it official: A Microsoft insider will now run the company. As has been telegraphed in recent days, the new CEO is 46 year old Satya Nadella, who's been running Microsoft's so-called Cloud Services. Colin Gillis, senior technology analyst at BGC Partners, joined us to discuss the move.
Click play on the audio player above to hear the whole interview.
President Hamid Karzai has balked at signing a security agreement with the U.S. According to The New York Times, representatives of the Taliban and Karzai have been in contact about a peace deal. It's thought Karzai may not want to sign the deal with the U.S. while he's talking to the Taliban.
There's word this morning that a long-time Microsoft man will become the company's new chief executive, Satya Nadella. Founder Bill Gates is stepping down as chairman, but he'll still be around, as a resident technology expert. Significantly, the outgoing CEO, Steve Ballmer will stay on the board. In a statement, 46 year old Nadella said "The opportunity ahead for Microsoft is vast, but to seize it, we must focus clearly, move faster and continue to transform."
Robert Bontempo, a professor at the Columbia Business School, joined us to discuss the move. Click play above to hear more.
Satya Nadella has been with Microsoft since 1992. Most recently, he led the company's "cloud and enterprise" group. Bill Gates, Microsoft's co-founder, will no longer be the company's chairman. He's going to be a "technology adviser" to Nadella.
America's new health insurance system, while improving, is still not up to snuff. And the rate of people signing up for coverage in the new insurance marketplaces is still lower than forecast. But one thing that has gotten lost in the debate around healthcare are signs that the costs of care, healthcare inflation, might just be moderating. Marketplace's economics guy, Chris Farrell, joined us to discuss.
Click play on the audio player above to hear more.
He's hyper-educated and his background is in the cloud. Learn more about the Indian-American Microsoft veteran who became the third CEO in the company's 38-year history.
After dropping two and a quarter percent yesterday, the S&P 500 will start the day down nearly six percent for the year so far. The Dow is down 7 percent since New Year's eve. We talked to Sam Stovall, Chief Equity Strategist at S&P Capital IQ for a consultation.
Click play on the audio player above to hear the interview.
Today on Capital Hill, the Financial and Contracting Oversight Subcommittee is holding a hearing on a massive criminal investigation related to an Army National Guard program called the Recruiting Assistance Program. After handing out more than $300 million in referral bonuses, there are allegations of widespread fraud within the Army.
The program was created back in 2005. There weren’t enough soldiers to meet the demands of Iraq war so the Army created the program boost recruitment by dolling out bonuses ranging from $2,000 to $7,500 for referrals.
Official army recruiters were not eligible for bonuses. But many are accused of using someone else’s name to sign up for the program. Other officers allegedly used the names of people who were already enlisted to collect bonuses
In 2007 the company that the Army contracted to run the program, Docupak, alerted the Army to suspected cases of fraud but it appears that neither the Army nor the contractor had a system in place for preventing officers from claiming fraudulent bonuses.
The program was cancelled in 2012. There are at least 200 officers who remain under investigation. One guardsmen Xavier Aves was already convicted in June and sentenced to 57 months in prison after scamming the system for $244,000. This whole investigation is expected to drag on through 2016.
This week, the wearable tech company Pebble launched it's app store, offering downloads like Yelp notifications that will appear on your smartwatch. But there's a problem: Battery life. As wearable technology grows, our battery power will need to grow too.
We talked to our friend at CNET Lindsey Turrentine for some perspective. Click play above to hear the interview.
Most economists say factories are hiring fewer people because workers are so much more productive now, so you don’t need as many. And workers are now using very sophisticated tools.
“If you cut something perfectly to plan with a laser, you don’t have to smooth off the edges with a file in order to make it look nice," IHS economist Mike Montgomery says.
There are other reasons for the fall in factory work, too, says Scott Paul of the Alliance for American Manufacturing, a group formed by manufacturers and the United Steelworkers. He says U.S. exports are down, even though we’re officially out of the recession.
“The dollar gains some steam in the aftermath of recessions," Paul explains. "And that makes our exports less competitive. It makes imports a little cheaper.”
Plus, Paul says, the economy is still underperforming. He’d like to see a dose of government stimulus spending, which he says would goose the economy and get factories humming.
Today, the Hang Seng index in Hong Kong fell two point nine percent and Japan's Nikkei fell four point two percent. But it's not just Asian markets picking up a psychological cue from New York. The BBC's Duncan Bartlett has been watching this from Tokyo.
Click play above the hear the whole interview.
Bill Nye, "the science guy," and Creation Museum founder Ken Ham will challenge each other's views. Their conversation will be webcast live from Kentucky. The idea for the debate arose after Nye posted a video warning against teaching creationism to kids and Ham responded with a video of his own.
Want to stay married? Simply watch five movies with your spouse. A just-published study by UCLA and University of Rochester looked at three ways to help couples stay together. Intensive therapy sessions to help manage conflicts worked. So does compassion and acceptance training. But what also works just as well, is way quicker, and could actually be fun is watching five movies in one month about relationships. Movies and a little discussion cut the divorce or separation rate from 24 to 11 percent after three years.
You can try this at home by following the instructions here.
Happy birthday to Facebook! The social media giant turns 10 today which is like 80 in human years.
Facebook might be getting older, but it's looking good. The company just announced stellar earnings and a money-making strategy that had everyone excited. The reason: It's all about the News Feed.
When Facebook rolled out the News Feed in 2006, a lot of users were unhappy, but the idea took off and spawned dozens of imitators. Today Facebook pretty much is the newsfeed.
"When I turn on my Facebook, I have it going right to the newsfeed," says Ira Kalb, a professor of marketing at USC, "Most people want to look at what their friends are doing and they also want to know what the latest news is."
Facebook's new winning strategy? Putting ads in the newsfeed instead of just next to it. Amy Mitchell, Director for Journalism Research at Pew Research Center says, "You're scanning across, just as you scan across all the other content in your feed."
Facebook's biggest challenge has been showing users mobile ads that aren't disruptive and annoying. USC's Ira Kalb says with News Feed, they seem to have cracked the code.
"They're like embedded and they fit in really well," Kalb says, "So that's why I think it really is effective."
All the information Facebook has on us doesn't hurt, we seem to like what we see. The number of Facebook ads we're clicking on is four and a half times higher than it was a year ago.
The latest storm will spread from the Plains states to New England over the next day or two. And yet another system packing snow and ice is expected by Sunday or Monday. Are you enjoying all this? Dreaming of spring? Or laughing from somewhere sunny?
If you know about Massively Multiplayer Online Games, you know that as a player, you can spend both fake and real money to develop your character and amass stuff. And in certain situations, you can lose the stuff you spend all that real and fake money on.
Eve Online is the largest science fiction game like this. And recently, there was a giant space war over territory in the game. And it cost some players a lot of real money. A few other terms you should know; some of the biggest space ships in this game are called "titans." And you'll see references to the N3 coalition, which was on the losing side of the war.
For an inside view, we spoke with Alex Gianturco who is a kind of powerplayer in Eve Online and was one of the leaders on the winning side of the battle. Click play on the audio player above to hear to the whole interview.
For a summary of the battle itself, read the official report from the game's developer, CCP Games. The short version is that a player faction forgot to pay the virtual rent on a territory they controlled, which temporarily lost them their hold on the area, which had some strategic value for moving ships around, but more importantly housed a space station storing a wealth of valuable ships and resources. A rival player faction quickly swooped in to gain control of the territory, and both sides continued to escalate the battle until it raged out of control over the course of about 12 hours. Some hightlights:
- Over 2,000 individual players directly took part in the battle, with thousands more helping in the background.
- 75 Titans -- the game's largest and most expensive ships -- were destroyed. Each is estimated to be worth around $5,000 in real world currency.
- While it was the most costly battle with over $200,000 in virtual goods destroyed, it wasn't actually the largest battle in the game's history. Another battle last year involved more than 4,000 players directly fighting.
You can also watch a video summary of the battle here.
One of the most dramatic changes in Afghanistan since the fall of the Taliban is the increase in life expectancy from 45 to 62 years. That gain is almost entirely a function of reductions in child mortality due to the spread of basic health services.
Last year, a record number of people were exonerated for crimes in the U.S. Retesting of DNA evidence was once the primary force, but now experts say it's because prosecutors and police are reinvestigating old crimes — and learning that they sometimes got the wrong man.
Cigarette smoking costs you a lot more than money, a graphic new ad campaign warns teenagers. It's the Food and Drug Administration's first foray into slick messaging aimed at keeping teens from taking up cigarettes. Most long-term smokers started as teens.
Facebook's big birthday comes amid tales of trouble — that its youngest users don't find it cool anymore. But Facebook doesn't seem fazed. It is, after all, a company that serves almost one-fifth of the world's population and took in more than $7 billion last year.