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.
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.
Brothers John and Martin Pizzarelli were born into a family of musicians. Their father is the famed jazz guitarist, Bucky Pizzarelli, who, during the 1960s, performed in the Tonight Show Band and who worked as a session player for rock acts such as Dion and the Belmonts. Musical greats, too, were in and out of the Pizzarelli house in Paterson, New Jersey, as John and Martin were growing up. It makes perfect sense then that, eventually, Martin picked up the upright bass professionally and John found his calling with jazz guitar, singing and songwriting.
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?