Some investors warn the approach has encouraged an epic debt binge that could pose dangers as years of near-zero interest rates come to an end. AT&T’s plan to borrow about $40 billion to buy Time Warner Inc., in addition to its $120 billion of debt already outstanding, is just the latest example. In 2015 alone, U.S. companies borrowed a record $1.6 trillion in the bond markets, with $258 billion of that going to finance acquisitions by investment-grade companies, Barclays Plc says. According to Morgan Stanley, corporate America is now more leveraged than ever.
“DNS registrars typically provide authoritative DNS services for thousands or tens of thousands of domain names, and so if there is a service-impacting event the collateral damage footprint can be very large,” says Roland Dobbins, a principal engineer at Arbor Networks, a security firm that specializes in DDoS attacks.
DDoS is a particularly effective type of attack on DNS services because in addition to overwhelming servers with malicious traffic, those same servers also have to deal with automatic re-requests, and even just well-meaning users hitting refresh over and over to summon up an uncooperative page.
Cruz’s belief that the government owns the internet enough to give it away is flawed, but the confusion is understandable—even highly competent internet users are unaware of the complex systems and institutions that make their day-to-day experience of the internet work seamlessly. And it’s such a vast, complicated thing that one might assume that somewhere there has to be a point of control to the internet, a kill switch, someone or something in charge of the whole thing.
At last count, there are still 27 million Americans without health insurance, which is a historic low and significantly lower than the 47 million who were uninsured when President Barack Obama signed the ACA in 2010. The government estimated that about half of them would be eligible for private coverage through HealthCare.gov.
“Through the whole supply chain, I would venture to say no one was doing their job,” said Joseph T. Rannazzisi, former head of the DEA’s Office of Diversion Control, who led the effort against distributors from 2005 until shortly before his retirement in 2015. “And because no one was doing their job, it just perpetuated the problem. Corporate America let their profits get in the way of public health.”
Virtual reality has turned an enormous corner in the last couple of years, thanks in large part to Palmer Luckey and the Occulus Rift. That hardware has the potential to upend many traditional tasks, especially when used in combination with drones and other autonomous vehicles tech. But the industry is still in its infancy and it will take time before VR companies learn to create truly useful applications. The VR projects being taken on by PG&E represent a step towards practical applications for VR in an industrial setting. The hard work on that front is just beginning though. Investors should keep an eye on this emerging sector and think about ways that it might improve the bottom line for various industries in the future.
Resettling China’s ‘Ecological Migrants’ (jdargis)
What China is doing in Ningxia and a few other provinces hit hard by drought and other natural and man-made disasters is a harbinger of actions that governments around the globe, including the United States, could take as they grapple with climate change, which is expected to displace millions of people in the coming decades.
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