Analyst predicts 1 billion iOS devices sold by 2015

Coming off of strong sales of the iPhone 5 – 2 million since it was available for pre-order – Asymco analyst Horace Dediu forecasts that the appropriate number for Apple is 1 billion. Dediu is predicting that in three years time, Apple will have sold 1 billion iOS devices.

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Germany’s former first lady sues Google

Bettina Wulff, Germany’s former first lady, is suing Google because its search engine terms link her name with prostitutes, escort services and red light districts.

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Authorities ban all hard liquor sales as methanol laced bootleg booze kills 20 people in Czech Republic

A total ban of hard-liquor sales in the Czech Republic which began last Friday remains strictly in place after the death of 20 people by methanol laced bootleg alcohol.

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JP Morgan, Bank of America subject of money laundering probe

U.S. financial regulators are reportedly investigating JP Morgan Chase and Bank of America for possible breaches that allowed the flow of money to drug dealers or terrorists, according to a The New York Times report on Saturday.

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JP Morgan, Bank of America subject of money laundering probe

U.S. financial regulators are reportedly investigating JP Morgan Chase and Bank of America for possible breaches that allowed the flow of money to drug dealers or terrorists, according to a The New York Times report on Saturday.

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Kenya’s deadly mix of frustration, politics & impunity

Recent deadly clashes in Kenya stem from widespread economic frustration, chronic impunity and the ambitions of politicians seeking office, according to analysts and activists.

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Facebook stock receives boost from news of improved mobile ad platform

Facebook’s stock gained with the news of an improved advertising platform to boost revenue. Facebook has been unable to convert its revenue despite having 955 million users registered on its website.

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Fed announces QE3 with mortgage backed securities purchases every month

Nathan Andrada – Fourth Estate Cooperative Contributor
Washington, DC, United States (4E) – The U.S. Federal Reserve announced it is undertaking open-ended purchases of $ 40bn worth of mortgage backed securities (MBS) every month expanding it long-term securities holdings. The move is the third round of quantitative easing the Fed has made since 2010 as it tries to propel economic growth and reduce unemployment. The Federal Open Market Committee (FOMC) said the additional MBS purchases per month are separate from the debt it is currently buying under Operation Twist. Since the plan is open-ended, it means that the Fed will continue to do so until it sees improvement in economic conditions particularly unemployment. In a statement, […] Continue Reading…

Romney dismisses Federal Reserve’s quantitative easing as ‘bailout’

The Romney campaign on Thursday called the latest move by the Federal Reserve of quantitative easing as “bailout” while other Republicans suggested that the action to boost the economy will politically advance President Barack this election season.

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YouTube blocks Mohammad-mocking video clip in Egypt, Libya

YouTube has temporarily blocked the viewing in Egypt and Libya of a movie trailer that mocks Islam’s Prophet Mohammad following violent protests and deadly attacks on U.S. consulates in the two countries sparked by the video clip.

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