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Monday, Jun 29th

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HSBC to shed 50,000 jobs in quest for higher payouts

HSBC cuts jobsHSBC (HSBA.L) pledged a new era of higher dividends on Tuesday, laying out plans to slash nearly one in five jobs and shrink its investment bank by a third to combat sluggish growth across its sprawling empire.

Chief Executive Stuart Gulliver has made it his mission to boost profits since taking the helm of Europe's largest bank by assets in 2011 but his efforts have so far been foiled by high compliance costs, fines and low interest rates.

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Stanford scientists build water-powered computer

Water powered computerA water-powered clock -- it sounds like a gimmick. But Manu Prakash, an assistant professor of bioengineering at Stanford, says he and his students are aiming to build a whole new class of computers.

Prakesh isn't building a computer recognizable to consumers. It's a synchronous computer, or computerized clock. But what makes it special is that it can manipulate and process both information and physical material -- that and it operates using the physics of water droplets.

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Kurdish election gains are ‘historic’ boost for inclusion in Turkey

Kurds in TurkeyThe surprising success of Turkey’s pro-Kurdish HDP party in this weekend’s election was a historic moment for one of the country’s — and world’s — longest-persecuted ethnic minorities. By capturing 13 percent of the national vote in Sunday’s poll, the HDP became the first pro-Kurdish political faction to surpass the minimum threshold and gain representation in parliament for Turkey's 14 million Kurds.

But analysts said the bigger story was the unprecedented voting electoral alliance mustered by the leftist HDP. For the first time, a Kurdish-focused party had tabled the traditional platform of Kurdish self-rule and peace talks to end the decades-long conflict between Ankara and the Kurdish PKK insurgency in the southeast, in order to present a mainstream liberal opposition to the dominant AKP party. HDP voters and candidates included Turkish liberals, women and a spectrum of marginalized ethnic, religious and sexual minorities. The strategy paid off.

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Louisiana judge orders last 'Angola 3' inmate freed

Albert WoodcoxThe last of the "Angola Three" inmates, whose decades in solitary confinement on a Louisiana prison farm drew international condemnation and became the subject of two documentaries, was ordered released Monday.

The ruling would free 68-year-old Albert Woodfox after more than 40 years in solitary confinement, which human rights experts have said constitutes torture.

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FDA Considers New Cholesterol-Lowering Drugs

Monoclonal antibodiesAdvisers to the Food and Drug Administration will meet this week to consider approval of a new class of cholesterol-lowering drugs that could help hundreds of thousands of people who cannot take statins.

They're injectable, so they wouldn't be as easy to take as a pill. And they are in a class of biotech drugs called monoclonal antibodies, so they are likely to be very pricey - perhaps $10,000 a year. But studies show they can lower bad cholesterol to extremely low levels, without the side-effects suffered by some people who take statins. Heart experts are very excited about them.

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Report: Israel built, exploded 'dirty bombs' in nuclear test

Israel tests dirty bombIsrael built and exploded so-called "dirty bombs," explosives laced with nuclear material, to examine how such explosions would affect the country if it were to be attacked by the crude radioactive weapons, the Haaretz daily newspaper reported Monday.

Israeli defense officials and scientists refused to comment on the report when reached by The Associated Press. However, Israel has what is widely considered to be an extensive nuclear weapons program that it has never declared.

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Kalief Browder, 22, held for three years in prison without trial, kills himself

Kalief BrowderA 22-year-old man who, as a teenager, was held for almost three years without trial in New York’s Rikers Island prison, killed himself on Saturday at his home in the Bronx.

Kalief Browder became the face of a movement to reform the prison after the New Yorker detailed how he was held for almost three years without trial. He was accused of stealing a backpack, a charge he denied.

He spent the next three years awaiting trial amid repeated court delays before New York prosecutors dropped the charges against him in 2013.

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TSA Missed 73 Workers on Terror Watchlist

TSA employs 73 on terror listTSA’s multi-layered process to vet aviation workers for
potential links to terrorism was generally effective. In addition
to initially vetting every application for new credentials, TSA
recurrently vetted aviation workers with access to secured
areas of commercial airports every time the Consolidated
Terrorist Watchlist was updated.

However, our testing showed that TSA did not identify 73 individuals with terrorism-related category codes because TSA is not authorized to receive all terrorism-related information under current interagency watchlisting policy.

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Scientists discover how breast cancer travels in the body

Discovery: how breast cancer moves in bodyA new discovery about how breast cancer cells move to other parts of the body may help reduce deaths from the disease.

Immune cells called macrophages help breast cancer cells move to the lungs to set up secondary tumors, researchers have found.

The majority of deaths from breast cancer are caused by tumors spreading to other parts of the body, with the lung often being one of the first organs affected, making the discovery potentially significant for reducing deaths.

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