By Joel Achenbach – Every time gas prices soar, Americans get a reminder of how dependent we are on oil, how vulnerable to soaring prices and how hard it has been to change our ways. Motorists are angry and a little mystified. Gas prices seem to go up when no one’s looking, and for no obvious reason.
It has been 39 years since the first of the 1970s oil shocks. The fuel efficiency is much better now. Americans get far more productivity per barrel of oil. There are a couple of million hybrids on the road and a smattering of electric cars. And yet in many ways, it still looks like the 1970s out there. The transportation sector of the economy remains almost entirely beholden to petroleum, much of it imported from unfriendly countries. more. http://is.gd/05kRiC
Posted in Business, Economy, Transportation
Tagged Barack Obama, Business, Energy, Energy crisis, Fuel efficiency, Gasoline and diesel usage and pricing, Industrial economy, Joel Achenbach, United States
By Jason Healey – To defend itself from the onslaughts of online crime and espionage backed by China and other nations, America’s private sector needs the capabilities of the US government. These tax-paying companies are on the new front lines of the cyber conflict, in which private enterprise is facing nation-state funded threats. Given their role in maintaining America’s critical infrastructure, these companies are not getting what they need. Now, new legislation puts too much stress on their responsibilities to talk to government. There is even talk of forcing cyber monitoring by the National Security Agency upon them.
The Internet is an open network and any adversary that uses novel malicious software knows it will eventually be discovered. So by sending their attacks over the Internet, the bad guys have themselves already made their signatures public. Accordingly, NSA has plausible cover for declassification even if they relied on a sensitive collection source. more> http://is.gd/EwePGO
Posted in Business, Economy, telecom
Tagged Bill of Rights, China, Critical infrastructure, Cybersecurity, First Amendment, Internet, National Security Agency, NSA, United States, United States Department of Homeland Security
By Jim Duffy – Alcatel-Lucent this week will unveil a new Ethernet switch for enterprise campus networks that is designed to extend voice, data and video convergence to the wiring closet and access tier.
The company’s OmniSwitch 6450 comes in 10-, 24-, and 48-port Fast and Gigabit Ethernet configurations. The 24- and 48-port versions are targeted at the network edge and wiring closet access environments, while the 10-port version is for branch office, SMB and managed access applications. more> http://is.gd/an1nHE
Posted in Broadband, Media, Net, Product, telecom
Tagged Alcatel-Lucent, Broadband, Data Communications, Ethernet, Gigabit Ethernet, Internet, Manufacturers, Network switch, Wireline
By Pete Kasperowicz – The American Bankers Association (ABA) and the Independent Community Bankers of America (ICBA) on Thursday called on Senate leaders not to take up legislation that would expand the ability of credit unions to lend to small businesses.
Earlier in the day, Senate Majority Leader Harry Reid (D-Nev.) said he would push for a vote on a stand-alone credit union bill in the near future, and implied that the bill deserves a vote in light of Sen. Mark Udall‘s (D-Colo.) relentless efforts to pass it. He also acknowledged opposition from banks, but said a vote would be held nonetheless. more> http://is.gd/QWeuzf
Posted in Banking, Business, Economy
Tagged American Bankers Association, Banking reform, Capital, Credit, Credit union, Harry Reid, Independent Community Bankers of America, Industrial economy, Mark Udall, United States
CONGRESS WATCH Starting a Business, World Bank It Is Time For The Senate To Act, US Congress