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Bad Credit Risks U.S. Global Role

Sunday, December 5th, 2010

by Michele Kelemen
December 5, 2010

Foreign policy analysts and diplomats alike are warning the U.S. to get its fiscal house in order or risk losing more influence on the world stage.

Secretary of State Hillary Clinton describes the debt as a national security issue and wants to put development and diplomacy on par with defense. But her three-D approach faces two troublesome Ds: America’s debt and deficit.

“It does constrain us where constraint may be undesirable,” she says. “And it also sends a message of weakness internationally.”

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JPMorgan, Ratings Firms Must Face Mortgage-Bonds Suits

Sunday, December 5th, 2010

By David McLaughlin

Dec. 3 (Bloomberg) — JPMorgan Chase & Co. and credit- ratings companies lost a bid to throw out lawsuits over the sale of $2.8 billion of mortgage-backed securities to the Federal Home Loan Bank of Pittsburgh.

Pennsylvania state Judge R. Stanton Wettick Jr. in Pittsburgh said some claims could proceed against JPMorgan and ratings companies Moody’s Corp., Fitch Group Inc. and McGraw- Hill Cos., which owns Standard & Poor’s Financial Services LLC, according to a Nov. 29 court order. The judge dismissed other claims against the companies.

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Branson Says Oil Might Hit $200 a Barrel Without New Policies

Sunday, December 5th, 2010

Dec. 5 (Bloomberg) — Oil prices may soar to $200 a barrel if the world doesn’t move more rapidly to a clean-energy economy, Richard Branson, founder of Virgin Atlantic Airways Ltd., said in an interview.

“It’s certainly conceivable unless we can start to conserve energy quickly and come up with alternative fuels,” Branson said yesterday in Cancun, Mexico, where countries are meeting to negotiate a new accord to combat climate change.

Branson predicts an “unbelievably painful” economic slump if governments don’t do more to encourage renewable energy as an alternative to fossil fuels such as oil. In the U.S., where efforts to cap carbon-dioxide emissions failed in the Senate earlier this year, unemployment could reach record highs, the British billionaire said.

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IngZ Mobile Apps Bring Personal Guided Tours to the iPhone

Sunday, December 5th, 2010

Austin, Texas – IngZ, Inc., an Austin-based mobile software development company, today announced the availability of two new mobile apps – Tour Guide Tool (TGT) and touringZ – which allow area experts to create custom GPS-guided audio tours that can be enjoyed by anyone with a smartphone. Currently available on the iPhone App Store, these applications connect guides and travelers through multimedia, GPS-based experiences.

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UT-Pan American’s first regional technology startup – FibeRio – receives major funding

Sunday, December 5th, 2010

By Gail Fagan, Public Affairs Representative

The University of Texas-Pan American’s partnership with the Rio South Texas Region to increase technology-based economic development got a significant boost Sept. 14 with the announcement of major funding toward UTPA’s first regional technology start-up company FibeRio Technology Corporation.

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