Posts by Deirdre Hughes

  • Google sends kids on virtual field trips with Cardboard

    Deirdre Hughes at Yahoo Finance 1 mth ago

    Google (GOOG) Cardboard might not look like much. In fact, it looks like something elementary school kids might build for a school project or a science fair, not something they could use to travel the world. But that’s what they’re doing in a new program called “Expeditions.” It’s a Google Cardboard kit that teachers use in the classroom to take students on virtual adventures to far-flung destinations all over the world for a fraction of what the same trip would cost to see in person, or even on a high-end competitor product like the Oculus Rift (FB).

     

    That’s one of several new advancements in Cardboard that Google announced at this year’s I/O developers conference. Since the product launched at last year’s conference, it has taken off, with more than 1 million Cardboards now in circulation.

    So far, more than 100 schools are participating the program.

    YouTube, which is owned by Google, will support Cardboard and Jump videos as well.

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  • Google takes on Apple with new Photos app: Yahoo Finance Exclusive

    Deirdre Hughes at Yahoo Finance 1 mth ago

    Google (GOOG) is launching a new stand-alone photos app like Apple's (AAPL) photos app and Yahoo's (YHOO) Flickr. The new Google app will be totally separate from the existing photos options within Google+. Yahoo Finance Editor-in-Chief Andy Serwer had an exclusive demo ahead of the unveiling at the Google I/O developers conference in San Francisco this week.

    Related: The 7 New Flickr Features That I'm Not Allowed to Review

    The app will work across Android, iOS and the web. It's the latest salvo in the war for dominance of your phone between Google and Apple.

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  • Obama's trade deal won't help the economy much: former White House economist

    Deirdre Hughes at Yahoo Finance 1 mth ago

    President Obama this week is going to the West Coast to pitch a controversial free trade pact with 12 nations including Japan, Australia and Vietnam. With the Trans Pacific Partnership, the President finds himself aligned with Republicans and divided against many members of his own party who vehemently oppose the trade deal, based on concerns that it will end up costing American jobs, rather than providing a lift to the middle class by boosting U.S. exports, as President Obama asserts.

    In his radio address last week, the President explained why he believes the new trade deals are not just important for the U.S. economy, but for U.S. values as well. “They’re vital to middle class economics – the idea that this country does best when everyone gets their fair shot, everyone does their fair share, and everyone plays by the same set of rules.”

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  • Eric Cantor: Attend your gay friend’s wedding

    Deirdre Hughes at Yahoo Finance 2 mths ago

    Republican contenders for the White House are being put to the test this week on what will certainly be one of the most talked-about issues in the 2016 campaign: gay marriage.

    A new Reuters poll finds a majority of Republicans (56%) would show up for a gay friend’s wedding if invited. That compares to 80 percent of Democrats and 70 percent of independents. Overall, 68 percent of Americans said they would attend. 19 percent would not and 13 percent were unsure.

    A separate poll conducted by AP-Gfk finds the country pretty evenly divided on the latest case before the Supreme Court with 50% saying the high court should rule that same-sex marriage should be legal and 48% saying it should not.

    The Republican candidates and prospective candidates vary in their response to the question: Would you attend your gay friend’s wedding.

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  • White House to Yahoo Finance: ‘We’ve done our part’ on corporate tax reform

    Deirdre Hughes at Yahoo Finance 2 mths ago

    There is a pair of issues on which both Republicans and Democrats agree in theory: corporate tax reform and infrastructure investment. But despite that tacit agreement, it seems unlikely that there will be any meaningful movement on either one in the near future. Why? Because no one actually believes corporate America will go for the proposed reforms, and that means America’s crumbling infrastructure likely will have to wait for another source of funding.

    The United States has the highest corporate tax among the OECD countries at 35%. (Ireland is the lowest at 12.5%.) President Obama has proposed a one-time lower rate for any U.S. multinational that agrees to repatriate profits currently held overseas and therefore not subject to U.S. corporate income tax.

    The President’s proposal would invest those repatriated funds in rebuilding infrastructure. In general terms, Republicans are largely supportive of infrastructure investment, but likely would find some disagreement on the finer points of how to fund it.

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  • Budget showdown looms; Pres. Obama draws ‘two clear, red lines’

    Deirdre Hughes at Yahoo Finance 2 mths ago

    Remember the government shutdown? Seems like yesterday, right? Well, before you go wandering wistfully down memory lane, longing for the days of Senate Majority Leader Harry Reid and House Speaker John Boehner holding court, another government shutdown could be in the offing unless Congress manages to do something that has come to feel like an impossibility: compromise.

    This week will be the first test of just what kind of chance there is for any kind of meaningful compromise along the lines of the Murray-Ryan deal that saved the day last time around. The House of Representatives is expected to take up the budget resolution on Thursday. That resolution appears to have the support of the Republican majorities in both chambers. The President doesn’t have the option to veto the resolution if it does pass, but that doesn’t mean the debate is over. On the contrary, the real battles will begin once legislation is proposed that would actually implement budgets and budget cuts.

    President Obama has vowed not to accept any budget that requires automatic cuts like the sequestration cuts that took effect in 2013.

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  • 'All bets are off' for the market until these 3 sectors rally: Strategist

    Deirdre Hughes at Yahoo Finance 8 mths ago

    Stocks tanked Wedneday morning, with the Dow (^DJI) opening down 350 points. The Nasdaq (^IXIC) and S&P 500 (^GSPC) also plunged out of the gate. The selling was spurred by renewed concerns about Europe and reports of another case of Ebola in the United States.

    Yahoo Finance Editor-in-Chief Aaron Task spoke with David Nelson, Chief Strategist at Belpointe Asset Management about what it’s going to take to reverse the downtrend.

    Nelson says that in order to have confidence that we’ve seen the bottom in the market, he needs to see a shift in leadership.

    So which sectors will revive the bull market?

    “We need to see tech, financials and industrials lead the way out of this," he says. "Until that happens, then really, all bets are off.”

    Early indications Wendesday suggest others are following a simliar script.

  • Rep. Tim Ryan on Ebola: U.S. cut funding for CDC, NIH

    Deirdre Hughes at Yahoo Finance 8 mths ago

    A second healthcare worker in Texas has tested positive for Ebola, officials said Wednesday. The head of the Centers for Disease Control late yesterday admitted the CDC "could have sent a more robust hospital infection control team and been more hands on with the hospital from day one about how this should be managed.”

    Yahoo Finance’s Bianna Golodryga spoke with Congressman Tim Ryan, Democrat of Ohio and a member of the powerful House Appropriations and Budget Committees, about the Ebola outbreak and the U.S. response. Congressman Ryan says the United States has been "disinvesting" in critical areas, including healthcare and emergency preparedness for the last decade.

    “We’ve been disinvesting in the NIH in the last ten years and the CDC for the last ten years. CDC’s been cut by $500 million in the last few years. NIH has been cut by $400 million in the last few years. And CDC’s money for preparedness is down $1 billion from 2003. So, now all of a sudden we have an issue. You know? We’ve had bridges collapse; we’re sicker than we used to be.”

    For Congressman Ryan, that balance could be example for the federal government to follow.

  • Peter Thiel on why Apple is a ‘good monopoly’

    Deirdre Hughes at Yahoo Finance 9 mths ago

    Entrepreneur and author of the new book, “Zero to One: Notes on Startups, or how to Build the Future”, Peter Thiel, makes a strong case against the popular concept of free market capitalism, but he also wouldn’t invest in China due in part to the Communist party’s control and the opaque business environment.

    So what does he favor? Monopolies. But only “good monopolies.”

    In his book, Thiel explains what he defines as “zero to 1” this way:

                                  “Doing what we already know takes us from 1 to n, adding

                                   more of something familiar. But every time we create something

    Good Monopolies

    Don’t invest in China

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  • Fed and TWTR Overvaluation, Evidence of Looming Market Crash: Stockman

    Deirdre Hughes at Yahoo Finance 9 mths ago

    The Federal Reserve Wednesday reassured investors that it will hold interest rates near zero for a “considerable time” after it ends the bond-buying program known as quantitative easing in October. In response, the Dow Jones Industrial Average (^DJI) closed at a new record high.

    Former Director of the Office of Management and Budget and author of the book, The Great Deformation, David Stockman, has significant concerns about that very policy.

    “I’m worried… that we’ve got the greatest bubble created by a central bank in human history,” he told Yahoo Finance.

     

    Behind the madness

    In an interview with Yahoo Finance, Stockman blamed Fed policy for creating that madness.

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