Federal and state authorities have received criticism after deciding not to indict HSBC on accusations that it laundered money for Mexican drug cartels and conducted prohibited transactions on behalf of countries like Iran and Sudan. Instead, they entered into a $1.9 billion settlement this week with the bank.
There's no question that HSBC is a massive, sprawling operation. It markets itself as the world's local bank. But watchdogs of the banking industry say mere size should never insulate an organization from the law.
Originally published on Thu December 13, 2012 4:51 pm
Sputnik 1 just beeped. China's first satellite, launched more than a decade later, simply radioed a communist anthem back to Earth. So far, North Korea's first satellite appears to be less accomplished.
And that shouldn't be a surprise.
Given the history of first orbital space shots, North Korea's apparent struggle with its mission is fairly typical, says David Akin, an associate professor of aerospace engineering at the University of Maryland.
Egyptians are deeply divided over a draft constitution that will be put to a nationwide referendum starting Saturday. The document was drafted by an assembly dominated by Islamists. Most secular members of the panel, along with women and Christian representatives, walked out in protest before the draft was complete.
Critics say the draft gives key Islamic scholars too much power on a broad range of legislative issues, but it's still unclear what that would mean in practice.
Google's native maps app for the iPhone finally was released Wednesday, and there was much rejoicing. Just in time for Christmas, the three wise men are able to find the manger without spilling their frankincense or myrrh.
Originally published on Fri December 14, 2012 5:50 pm
Want to be more creative? Drop that iPad and head to the great outdoors.
That's the word from David Strayer, a cognitive neuroscientist who studies multitasking at the University of Utah. He knew that every time he went into the southern Utah desert, far from cellular service, he started to think more clearly.
But he wanted to know if others had the same experience.
I went to Toys R Us recently to buy my son a Lego set for Hanukkah. Did you know a small box of Legos costs $60? Sixty bucks for 102 plastic blocks!
In fact, I learned, Lego sets can sell for thousands of dollars. And despite these prices, Lego has about 70 percent of the construction-toy market. Why? Why doesn't some competitor sell plastic blocks for less? Lego's patents expired a while ago. How hard could it be to make a cheap knockoff?