Recent Posts

U.S. deficit falls to $680 billion

U.S. deficit falls to $680 billion

Jul 7, 2014

The US government has run a budget deficit below one trillion dollars for the first time in five years. Reports state that the deficit for 2013 amounted to $680.3 billion, when compared to $1.09 trillion in 2012. The latest deficit figure is the fifth-largest of all time but considered to be the smallest imbalance since 2008, when the government ran a $458.6...

Bitcoin: What Is It and Why Is It Being Banned?

Bitcoin: What Is It and Why Is It Being Banned?

Apr 22, 2014

Bitcoin, a digital currency, is used by users to make peer-to-peer payments.  The payment system has been conceived and created for consolidating online financial transactions. From one perspective, Bitcoin is a software program or even a mobile application. It is still in beta stage with a host of incomplete features, tools and services. Efforts are being made...

Venture Firms on IPO Boom Churn up $56.5B

Venture Firms on IPO Boom Churn up $56.5B

Mar 28, 2014

Venture capitalists spent most of 2013 making some quick bucks, something they have not been able to do for almost a decade now. Venture capital trends in 2013 showed mixed trends that included some really exciting deals and acquisitions that brought the movers and the shakers of the venture capital industry into the limelight. Here are some more hard facts...

Fly Paper Planes with Your iPhone

Fly Paper Planes with Your iPhone

Mar 15, 2014

Seeing people’s continued fascination with paper planes, Shai Goitein, an Israeli pilot got the wacky idea to power a paper plane with a smartphone and convert it into a smart-phone controlled flying machine. With a crash-proof carbon fiber frame, the PowerUp 3.0 Smart Module has been called, “the coolest toy ever” by Cult of Mac. Goitein worked as a cargo...

Blackberry Sues Startup Founded By Ryan Seacrest

Blackberry Sues Startup Founded By Ryan Seacrest

Feb 28, 2014

Blackberry, the troubled smartphone maker is suing a startup company debuted in December 2013 and backed by “American Idol” host Ryan Seacrest for having ripped off its keyboard design. A patent infringement lawsuit was filed in a San Francisco federal court by BlackBerry against Typo products, LLC, a Los Angeles startup co-founded by Seacrest and...

Amazon Makes Up for Christmas Delays

Amazon Makes Up for Christmas Delays

Feb 10, 2014

Quite a large number of shoppers were left dejected when their gifts did not show up on time from Amazon for Christmas even though the company had used all its resources to process the orders and reach them to customers’ door steps well in time. Apart from the weather, the major reason for late delivery of purchases was an influx of last-minute shoppers...

Apple to refund millions for kids’ in-app purchases

Apple to refund millions for kids’ in-app purchases

Jan 27, 2014

Apple Inc. has agreed to fully refund customers to settle a longstanding complaint from the US Federal Trade Commission (FTC) over ‘in-app’ purchases. The company is required to pay a minimum of $32.5 million in the wake of this issue. FTC framed Apple for charging its customers millions of dollars over the in-app purchases made by their kids without parental...

5 things you’ll pay less for in 2014

5 things you’ll pay less for in 2014

Jan 8, 2014

The year 2014 promises to bring good news to those consumers looking forward to purchase gold, gas, cars, tablets and cell phone services. Prices of gold soared in the financial crisis but this year analysts are predicting that this shiny metal will suffer a significant decline. The global investment bank predicts bullion will fall at least 15% bringing the...