Wednesday, Aug 24th

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Microsoft to cut about 2,850 more jobs

MicrosoftMicrosoft's costly bet on Nokia will mean more job losses than previously expected.

The software giant will layoff about 2,850 people over the next year as it continues to unwind its smartphone hardware business. Microsoft (MSFT, Tech30) disclosed the news in a regulatory filing on Thursday.

The new cuts come on the heels of 1,850 layoffs announced two months ago, and about 7,800 losses a year ago.



Ireland jails three top bankers for 'deceitful and corrupt' actions in 2008 financial crisis

Ireland jails three top bankersThree former senior Irish bankers have been jailed for their role in the collapse of a bank during the 2008 financial crisis.

Willie McAteer, John Bowe and Denis Casey conspired to conceal losses of billions of euros at the defunct Anglo Irish Bank – the biggest accounting fraud in Irish corporate history, which contributed to the country’s devastating financial crash.


Debate commission to Trump: The dates are set

Debates set: commissionThe Commission on Presidential Debates responded to Donald Trump and the Republican National Committee's complaints about the debate schedule with a message on Sunday: The schedule is set.

"The Commission on Presidential Debates (CPD) started working more than 18 months ago to identify religious and federal holidays, baseball league playoff games, NFL games, and other events in order to select the best nights for the 2016 debates," the commission said in a statement. "It is impossible to avoid all sporting events, and there have been nights on which debates and games occurred in most election cycles. A debate has never been rescheduled as a result."


Trump has 'black soul', says Khizr Khan, father of fallen Muslim US soldier

Khizr KhanThe parents of a Muslim American soldier killed in Iraq said on Sunday Donald Trump was a “black soul” unfit for the White House, after he insulted them and suggested he had made sacrifices for the US comparable to their son’s.

Amid widespread astonishment at the conduct of the Republican presidential nominee, the family of the 27-year-old army captain Humayun Khan, who died in a suicide bombing in 2004, said Trump was morally deficient and incapable of empathy.


Alex Baer: Oh, Goody: Oyyow.

Alex BaerWonderful.  We've managed to get through another set of political conventions.

Frankly, this is tantamount to celebrating a fleeting victory over jaundice,  a temporary flare-up of malaria, or an ongoing resurgence in hemorrhoids.

If I didn't know better -- and I'm not sure that I do, not anymore -- I'd say someone slipped some blotter-paper acid, or mind-warping alien spores, into my preventively-medicated, yeast-enhanced beverage.

Of course, it could also be that the candidates themselves have divvied up the hallucinatory goods, right before each one got off their respective Gravy Trains, for their respective stops at Podiumville.


It Appears Donald Trump Doesn’t Know About The Crimea Annexation Or Doesn’t Care

Trump doesn't know Russia is in UkraineDonald Trump appears either unfamiliar with Russia’s annexation of Crimea or directly supportive of the intrusion that began in the winter of 2014, further chilled U.S.-Russian relations and has left thousands dead.

In a conversation about Trump’s nebulous relationship with Russian President Vladimir Putin during an interview with ABC’s “This Week” on Sunday, the topic shifted to why the Republican Party’s platform was softened on the subject of arming Ukraine to push back against Russian aggression.

Trump said he had been unaware of the platform change, though he had heard about it ex post facto. Then, he pledged that he’d be tough on Russia when it came to Ukraine.


Flash flood kills 1, devastates downtown in Ellicott City, Md.

Maryland flash floodsA state of emergency was declared in Ellicott City after major flooding destroyed much of its downtown area — leaving businesses damaged and cars turned over Saturday evening.

At least one woman was found dead in the Patapsco River after flood waters ripped through the heart of the city.


1 dead, four injured in Austin shooting; manhunt underway

Austin shootingA manhunt was underway in Austin after a gunman opened fire on a crowded downtown street as bars were closing Sunday, killing one person and wounding four others, police said.

Austin Police Chief of Staff Brian Manley said five people were shot shortly after 2 a.m. on Sixth Street, a bustling seven-block entertainment district lined with historic buildings that now house bars, upscale restaurants, trendy shops and music venues.


Tokyo set to elect first female governor

Tokyo set to elect woman governorFormer Japanese Defense Minister Yuriko Koike is poised to become Tokyo's first female governor, with local media forecasting her as the winner after polls closed at 11 p.m. local time.

One of her first challenges will be the financial issues the city faces in preparing to host the 2020 Olympic Games, BBC reported. That same issue and scandals connected to it forced the city's last two governors to resign.


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