November 25, 2013 |
First came the Dow. Then the S&P 500. And now the Nasdaq is reaching a milestone. The technology-laden Nasdaq composite index briefly jumped above 4,000 on Monday, the first time it has hit that mark since the collapse of the dot-com bubble 13 years ago. The once-obscure index initially crossed that level for the first time at the end of 1999. It became a symbol of the tech boom that some thought would parallel the Industrial Revolution. Instead, the Nasdaq tumbled below 4,000 four months later as investors' infatuation with unprofitable companies such as Pets.com and EToys burned itself out. The index remains far below its all-time close of 5,048.62 in March 2000.
CALIFORNIA | LOCAL
November 24, 2013 |
Aleta Browne fell hard for Fred Nixon. She was both a sister and wife of Los Angeles cops, and worked as a clerk for Police Chief Daryl Gates. Nixon was one of the LAPD's rising stars, on his way to taking over a coveted position as the chief's official spokesman. Their affair began on a spring day in 1985 when they checked into a Holiday Inn. Browne left her husband a few weeks later. For three years they met regularly, often at her house during the day. At night, he'd go home to his wife in Pasadena.
November 10, 2013 |
Max Mosley won fame in the motorsports world as the longtime chief of Formula One's governing body. Five years ago, however, Mosley's notoriety spread far beyond the race circuit, and not in a good way. A British tabloid released a prison-themed sadomasochistic sex tape featuring Mosley and five prostitutes, and alleged that Mosley had paid for an orgy set in an ersatz Nazi concentration camp - an accusation made all the more sensational by the fact...
November 6, 2013 |
To all you digital Encyclopedia Browns out there: The case of the Google Mystery Barge is now closed. Google has issued a statement explaining the mystery. "Google Barge … A floating data center? A wild party boat? A barge housing the last remaining dinosaur? Sadly, none of the above," a Google spokesperson said in a statement released Wednesday. "Although it's still early days and things may change, we're exploring using the barge as an interactive space where people can learn about new technology.
October 31, 2013 |
In what might be regarded as having the fox guard the henhouse, a leading Russian website has hired fugitive secrets-leaker Edward Snowden to oversee its data protection. Snowden's lawyer, Anatoly Kucherena, told Russian news service RIA Novosti that the former U.S. National Security Agency contractor starts his new job Friday . Kucherena declined to identify the social media site where Snowden will be working, citing "security reasons. " Snowden's Russian guardians have often expressed fears that U.S. intelligence operatives might snatch Snowden from his Russian refuge, if they can find him, and spirit him back to the United States to face espionage charges.
October 25, 2013
Re "Rebooting the iPad plan," Editorial, Oct. 20 I marvel at the disconnect that has the L.A. Unified School District and The Times insisting that "the district cannot afford to leave its students out of the computer era" - while conceding that the disadvantaged kids to whom the iPads were first rolled out had little difficulty circumventing the security controls. The Times acknowledges that "children and teenagers around the world have broad access to the Internet. " Pricey tech toys cannot replace basic education, although they can drain money for it. Making lessons more like video games is doing no one any educational favors.