Coffee Break(ing) News: March 13, 2014

Quote of the Day:

“There’s too much information and confusion right now. It is very hard for us to decide whether a given piece of information is accurate”. -Qin Gang: Chinese Foreign Ministry Spokesman in regards to flight 370.

We Are Now Beginning Our Initial Decent Into Nowhere:

The agony for the families of Flight 370’s passengers continues as they still do not know what happened to their loved ones. The search continues, but since the last known location of the jet is under debate, the search area is incredibly large and unlikely to produce any results soon.

Screen Shot 2014-03-13 at 4.28.40 PM

(The home screen on DigitalGlobe’s website)

And The Amazing Race Starts Now!

Bored at home and want to help find the missing jet? A company called, DigitalGlobe, is trying to outsource their satellite feed to anyone who wants to scourer the computer generated images for any signs of the missing jet. There was so much initial traffic to their website that it actually crashed when they announced the opportunity. AKA: Everyone wants to be the person to find the missing jet.

Pyramid Say What?

After several accusations of Herbalife being a pyramid scheme, the FTC has finally opened a formal investigation into their stock-trading practices. The announcement has had two reactions from brokers on Wall Street: either they are surprised or running around yelling “I told you so”. Either way, there will sure be some market volatility due to the investigation.

GM In The Spotlight: 

General Motors is being investigated by the Justice Department in regards to their failure to fix safety issues in their own vehicles. This is not some joke investigation where they will pay a fine, the upper-level management can be facing criminal charges.

Why So Serious? 

After 10 years of reported safety issues and 12 deaths, GM failed to make an actual effort to stop the dangers. As of last month, GM recalled only 1.6 million vehicles: that means that management has been pretty lazy. The Justice Department has a simple line of questioning: why did GM not change things after their products were leading to peoples deaths? Heavy stuff.

Quick Fire Updates:

SXSW Tragedy: Last night at the South by Southwest technology conference in Austin, a drunk driver plowed through a crowd and killed two pedestrians. This is devastating to the progressive feeling of the conference as it reminds people that they cannot outsmart stupidity.

austin-sxsw

(Aftermath of the SXSW car accident)

Harlem has our hearts: After a gas leak caused an explosion and subsequently a building to collapse in Harlem yesterday, the death toll is up to six people. All of Harlem is shaken by the unexpected tragedy.

I think we should talk..Secretary of State, John Kerry is planned to meet with Russia on Friday to try and settle some of their relationship issues. This is the US’s last ditch attempt to stop Russia from trying to take Crimea away from Ukraine.

david.c.ohair@gmail.com

March 13, 2014

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