Obama: World failing to deal with challenges

President Obama said Wednesday that the nations of the world are failing to work together to confront the most pressing challenges of today. “Now is the time for all of us to take our share of responsibility for a global response to global challenges,” Obama said, in his first speech as president to the U.N

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China’s ‘bandit phones’ making big scores

The white BMW Mr. Liu drives around this humid coastal city in southern China may be real, but the spiffy little black smart phone he carries with him is definitely fake. “But it has Bluetooth, GPS, Wi-Fi, FM radio, a digital video camera, hundreds of games, even a voice recorder,” says Liu.

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Baby Einsteins: Not So Smart After All

The claim always seemed too good to be true: park your infant in front of a video and, in no time, he or she will be talking and getting smarter than the neighbor’s kid. In the latest study on the effects of popular videos such as the “Baby Einstein” and “Brainy Baby” series, researchers find that these products may be doing more harm than good. And they may actually delay language development in toddlers.

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Ponzi Schemes

The $50 billion Ponzi scheme allegedly masterminded by former Nasdaq chairman Bernard Madoff punctuated a miserable year for Wall Street in the worst possible way: by underlining, yet again, that savvy market-makers can harness arcane financial instruments as weapons of mass destruction. Left in Madoff’s wake are bankrupt investors, mortified regulators and a raft of unnoticed red flags.

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