Mainstream News

Spain museum uses robot to spot cracks in artwork

"In the basement of Madrid’s Reina Sofia museum, a giant robotic machine painstakingly scans a painting by Catalan surrealist artist Joan Miro, slowly snapping hundreds of microscopic shots. The pictures taken by the machine, which uses infrared and ultraviolet photography, will help experts determine the condition of the 1974 oil on canvas painting in unprecedented detail. The device lets restorers see cracks, scratches and creases as well underlying preparatory sketches and all subsequent touch-ups that would be otherwise undetectable. The robot can work unsupervised round-the-clock and can be controlled by a computer from a remote location." Continue reading →

Continue ReadingSpain museum uses robot to spot cracks in artwork

World’s first fleet of marine drones being tested in the Mediterranean

"Under the scrutiny of their masters, whose eyes are glued to computer screens, the world’s first fleet of 'marine drones' is being put through its paces. Five European countries — France, Germany, Italy, Spain and Portugal — have sent prototypes here under a four-year, four-million-euro ($5.32-million) programme to build a squad of unmanned underwater rovers. Deployed from a surface vessel, but communicating among themselves and using artificial intelligence, the wireless scouts would spread out in a surveillance network." Continue reading →

Continue ReadingWorld’s first fleet of marine drones being tested in the Mediterranean

Walmart tells India it can’t buy enough local products for new supermarket

"Walmart has told India that it is unable to meet local sourcing requirements for foreign supermarket groups wanting to open stores in the country, a report said Wednesday. Under rules introduced when the government opened up the sector in 2012, foreign supermarkets are required to buy 30 percent of their products from local small-scale industries. India’s left-leaning government has opened up or proposed opening the banking and insurance, airline, energy and media sectors to foreign investors but has imposed conditions in each case." Continue reading →

Continue ReadingWalmart tells India it can’t buy enough local products for new supermarket

India seizure of smuggled gold zooms 365% in Q1

"After a two-decade lull, gold smugglers seem to be back in business in India, thanks to recent hikes in import duty on gold — from about one per cent to eight per cent in 18 months. In the April-June quarter of this financial year, seizure of smuggled gold hit Rs 59.82 crore — an increase of 365 per cent over Rs 12.86 crore in the same period a year ago. In volume terms, the increase would be even higher, because the average gold price in the quarter came down 6.6 per cent from that in the same quarter last year. According to rough estimates, only 5-10 per cent of smuggled gold is caught by authorities, while the rest manages to get into the country unnoticed." Continue reading →

Continue ReadingIndia seizure of smuggled gold zooms 365% in Q1

Banks shiver as UBS swallows $885 million U.S. fine

"UBS will pay $885 million in a settlement with a U.S. regulator over allegations the Swiss bank misrepresented mortgage-backed bonds during the housing bubble, paving the way for billions more to be paid by other banks. European and U.S. lenders such as Credit Suisse and Deutsche Bank have set aside money to cover the cost of any losses arising from the dispute with the Federal Housing Finance Agency but estimates vary widely. The Swiss bank is the third to settle, after Citigroup and General Electric did so for undisclosed sums." Continue reading →

Continue ReadingBanks shiver as UBS swallows $885 million U.S. fine

Iceland proposal to write off debt triggers S&P outlook downgrade

"Standard & Poor’s yesterday added its voice to a chorus of warnings against a pledge by Iceland’s new government to write off as much as 20 per cent of all its citizens’ mortgage debt. The promise of debt relief was the main campaign pledge of the Progressive party and the Independence party. They focused on inflation-linked loans, payments on which soared following the country’s deep financial crisis owing to a 36 per cent depreciation of the currency. Sigmundur David Gunnlaugsson said before the April election he would pay for the mortgage write-off through funds raised from imposing a haircut on foreign creditors of Iceland’s failed banks." Continue reading →

Continue ReadingIceland proposal to write off debt triggers S&P outlook downgrade

Obama, Republicans gear up for bruising U.S. budget fight

"Another dramatic showdown between Republicans and the White House over federal spending looks inevitable this fall, with scary talk of government shutdowns and default on government debt. While Capitol Hill analysts are not predicting catastrophe, they have several reasons to worry that the conflict just weeks away could be even worse than usual. Obama and Congress face two fiscal deadlines in quick succession. They must agree by October 1 on a stop-gap measure to keep the government funded or face a shutdown. And in early November, Congress must raise the legal limit on the country's borrowing authority or risk an unprecedented default." Continue reading →

Continue ReadingObama, Republicans gear up for bruising U.S. budget fight

Jay Leno’s at the Top of his Game, so Why Is NBC Replacing Him?

"The irony is that Leno has never been more dominant: the Nielsen ratings for the second week in July have him beating CBS’s David Letterman by a 43 percent margin in the all-important 'viewers 18 to 49' category (on which advertising rates are set) and ABC’s Jimmy Kimmel by 75 percent. So why sack him now? 'I don’t get it,' says Ohlmeyer, who as president of NBC’s West Coast operations in the mid-1990s helped guide Leno to victory over Letterman. 'It’s like nobody understands history. Here they take him off the air four years ago, and naturally he loses his impetus, and now he’s come back, and he’s kicking ass again—so let’s take him off.'" Continue reading →

Continue ReadingJay Leno’s at the Top of his Game, so Why Is NBC Replacing Him?

UK Porn Filter: Censorship Extends Beyond Pornography, But One ISP Is Fighting Back

"One U.K. ISP, TalkTalk, already has 'The HomeSafe System,' which was singled out for praise by David Cameron when announcing the new policy. It gives another good idea of the kind of Internet censorship the British government is looking to implement. HomeSafe is actually operated by Huawei, a Chinese company that both the U.K. and the U.S. accused of having close ties with the Chinese government. The U.S. has branded Huawei a threat to national security. ISPs will be able to use whatever filter system they like, so many may not choose to be associated with Huawei. Others are refusing to take place in the filters at all." Continue reading →

Continue ReadingUK Porn Filter: Censorship Extends Beyond Pornography, But One ISP Is Fighting Back

There was a time when kids were taught to respect firearms, not fear them

"Kids today are reprimanded for carving out a gun-shaped pastry or wearing a tee-shirt from the National Rifle Association. But America hasn’t always been so gun-phobic. Check out these pictures of firearm safety, taught in Indiana schools in 1956. By banning gun-shaped Pop-Tarts, are we teaching children to respect a gun’s power or are we only feeding their natural curiosity — curiosity that, without proper education, could be deadly?" Continue reading →

Continue ReadingThere was a time when kids were taught to respect firearms, not fear them