Homeownership rate drops to 15-year low

WASHINGTON (Reuters) – The share of privately-owned U.S. homes fell to a 15-year low in the first quarter as falling house prices and stringent lending conditions push younger Americans, in particular, into renting.

Hitachi-LG exec to plead guilty to price fixing: U.S.

WASHINGTON (Reuters) – An executive with Hitachi-LG Data Storage has agreed to plead guilty and serve a prison sentence for rigging bids for optical disk drives for computers, the U.S. Department of Justice said on Monday.

Turning up the heat: windfarms lead to local night-time warming



Relative to most other forms of energy, windfarms have a pretty minimal environmental impact, with the deaths of birds and bats generally capturing the most attention. But as a new study of their effects points out, various studies have found that turbines can modify the “transfer of energy, momentum, mass, and moisture within the atmosphere.” After looking at satellite temperature data, the authors of the study conclude that all this transferring has a notable impact: areas containing wind turbines have been seeing their night-time temperatures warm up.

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Jerry Ashton: Mayday! Mayday! "Mayday!" Bankers Panic Over May Day Demonstrations

May Day is a holiday for the 99 percent. It is a day for people to come together, across all those lines which too often divide us — race, class, gender, religion — and challenge the systems that create these divisions.

Read more: Undocumented Immigrants, May Day, Union Square, Labor Unions, May Day Protests, Occupy Movement, Labor, March Against the War on Women, Wall Street, Occupy Wall Street Protests, Occupy Wall Street, Illegal Immigrants, May Day Rallies, #Occupywallstreet, New York News

Tech billionaires bankroll gold rush to mine asteroids

CAPE CANAVERAL, Florida (Reuters) – Google Inc executives Larry Page and Eric Schmidt are among those bankrolling a venture to survey and eventually extract precious metals and rare minerals from asteroids that orbit near Earth, the company said on Tuesday.

Canada lands on U.S. ‘priority watch list’ for copyright piracy for fourth straight year

Russia and China made the U.S. Trade Representative’s office’s annual list of countries with the worst records of preventing piracy once again, while Canada was put on the ‘watch list’

Paul Krugman To Ron Paul: ‘You’re Living In A World That Was 150 Years Ago’

Econ nerds, eat your hearts out.

Paul Krugman and Ron Paul just got into it on Bloomberg TV over whose monetary policy views are more dated. Paul …

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Data points to weaker economic momentum

WASHINGTON (Reuters) – The U.S. economy appeared to downshift as it entered the second quarter, with consumers increasing their spending only modestly last month and a gauge of business activity in the Midwest falling sharply in April.