IBM unveils ASCI White the fastest supercomputer
IBM announced a new supercomputer named ASCI White that can perform 12.3 trillion operations per second, three times faster than rivals. The 9,920 square foot system weighs 106 tons and will be delivered to Lawrence Livermore National Laboratory this summer under a 110 million contract to simulate nuclear weapon testing.
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IBM
Asci White
ASCI
Energy Department
Lawrence Livermore National Laboratory
Providian to pay 300 million in consumer settlement
Providian National Bank will pay about 300 million dollars to consumers nationwide to settle claims it unfairly charged cardholders. Regulators and the San Francisco district attorney alleged bullying tactics and excessive fees to boost profits, including higher rates for balance transfers and misleading coverage limits. The Treasury will buy back 2 billion in older 30 year bonds maturing 2019 to 2023 with coupons from 6.25 to 8.875 percent.
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Providion National Bank
Office of the Comptroller of the Currency
Washington
San Francisco
Treasury Department
Treasury
Treasury Sai
Moore drives campaign reform as 527 disclosure bill advances
Rep Dennis Moore pushes a House approved measure to require disclosure of funding by 527 groups behind campaign ads. The bill, backed by Moore, would force transparency ahead of the November elections, with Senate leaders planning a quick vote after July 4. Some Republicans object as overreach while broader disclosure remains debated.
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House
Senate
Moore
3Rd
Kansas City
Kan
Clinton
Todd Tiahrt
Jim Ryan
Jerry Moran
Tiahrt
Dennis
Federal Election Commission
Internal Revenue Service
Tiahrt amendment reviewed in Peru aid debate
Congressional appropriators press U S agency for strict enforcement of a 1998 amendment barring aid to governments or groups that operate nonvoluntary population programs in Peru. While criticizing lapses, they praise AID efforts to keep services voluntary and protect women’s rights.
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Washington
Peru
U.S
America
Tiahrt
Clinton- Gore
Media dominates leisure time in MTV Viacom study
Survey of 4070 Americans ages 4 to 70 shows media and entertainment consume about 4.7 of 7 leisure hours daily. TV leads usage, with up to six hours gained via multitasking, as Internet music rises and radio declines among youths. Computer use in view of TV grows, yet does not cannibalize TV watching, signaling behavioral convergence in media consumption.
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New York
MTV Networks
Viacom
Betsy Frank
Patrick Keane
Jupiter Communications
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