Month: February 2024

U.S. Disrupts Hacking Operation Led by Russian Intelligence

U.S. Disrupts Hacking Operation Led by Russian Intelligence

The F.B.I., working with other countries, disrupted a Russian hacking operation that infiltrated more than 1,000 home and small-business internet routers in the United States and around the world, the Justice Department announced on Thursday.Russian intelligence, collaborating with cybercriminals, created a botnet, or a network of private computers infected with malicious software, to spy on military and security organizations and private corporations in countries like the United States.Using a court order, the F.B.I. secretly copied and deleted stolen data and malware from hacked routers. Doing this stopped Russia’s ability to use the routers without affecting how they function, officials said.…
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Three Lessons From a Surprisingly Resilient Job Market

Three Lessons From a Surprisingly Resilient Job Market

The pandemic created an economic crisis unlike any recession on record. So perhaps it shouldn’t be surprising that the aftermath, too, has played out in a way that almost no economists expected.When unemployment soared in the first weeks of the pandemic, many feared a repeat of the long, slow rebound from the Great Recession: years of joblessness that left many workers permanently scarred. Instead, the recovery in the labor market has been, by many measures, the strongest on record.In early 2021, some economists foresaw a surge in inflation. Others were skeptical: Similar predictions in recent years — in some cases…
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US Agencies Start Inquiry Into Generic Drug Shortages

US Agencies Start Inquiry Into Generic Drug Shortages

The Federal Trade Commission and the Department of Health and Human Services said on Wednesday that they would examine the causes of generic drug shortages and the practices of “powerful middlemen” that are involved in the supply chain.The federal agencies’ inquiry is aimed at the group purchasing organizations and drug distributors that have been in the spotlight in recent months as drug shortages reached a 10-year peak. The agencies want to examine the companies’ influence on how the drugs are sold to hospitals and other health facilities, assessing whether the middlemen put pressure on pricing and manufacturing that led to…
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SpaceX Postpones Launch of Intuitive Machines Nova-C Moon Lander

SpaceX Postpones Launch of Intuitive Machines Nova-C Moon Lander

Another month, another try at the moon — but not on Wednesday.SpaceX announced the postponement on Tuesday night of the scheduled launch of a private robotic lunar lander.The spacecraft, built by Intuitive Machines of Houston, is on top the rocket on the launchpad. Weather conditions were favorable but a technical issue led to the delay of its flight by at least a day. The next attempt will be Thursday at 1:05 a.m. Eastern time.If all goes well then, it will set up the first American spacecraft to land softly on the moon’s surface since the Apollo 17 moon landing in…
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This Arctic Circle Town Expected a Green Energy Boom. Then Came Bidenomics.

This Arctic Circle Town Expected a Green Energy Boom. Then Came Bidenomics.

In Mo i Rana, a small Norwegian industrial town on the cusp of the Arctic Circle, a cavernous gray factory sits empty and unfinished in the snowy twilight — a monument to unfulfilled economic hope.The electric battery company Freyr was partway through constructing this hulking facility when the Biden administration’s sweeping climate bill passed in 2022. Perhaps the most significant climate legislation in history, the Inflation Reduction Act promised an estimated $369 billion in tax breaks and grants for clean energy technology over the next decade. Its incentives for battery production within the United States were so generous that they…
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