2012 YEAR IN REVIEW

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  • The futuristic vision that's driven Tesla's value above $30 billion
    The futuristic vision that's driven Tesla's value above $30 billion

    With modest sales volume and negligible profits to date, Tesla Motors has nonetheless become a Wall Street darling based on expectations that it will be selling 500,000 electric cars a year by 2020. Are investors betting smart on a world-changing technology, or falling prey to puffed-up hype?

  • Fed's Yellen calls for caution on rates; Draghi says ECB ready to act
    Fed's Yellen calls for caution on rates; Draghi says ECB ready to act

    By Howard Schneider JACKSON HOLE Wyo. (Reuters) - The Federal Reserve should move cautiously in deciding when to raise interest rates given the U.S. In a speech at the Fed's annual central bank conference, Yellen laid out in detail why she feels the unemployment rate alone is inadequate to evaluate the strength of the jobs market and why the central bank needs to step gingerly. Her remarks were followed by a speech by the head of the European Central Bank, Mario Draghi, who said the ECB was ready to use all the tools at its disposal to lift euro zone inflation if it continued to drop. Together, the comments from Yellen and Draghi underscored how both central banks were wrestling with the complexities of labor markets still-wracked by the 2007-2009 financial crisis.

  • Israeli airstrike collapses Gaza apartment tower
    Israeli airstrike collapses Gaza apartment tower

    GAZA CITY, Gaza Strip (AP) — Israeli aircraft fired two missiles at a 12-story apartment tower in downtown Gaza City on Saturday, collapsing the building, sending a huge fireball into the sky and wounding at least 22 people, including 11 children, witnesses and Palestinian officials said.

  • An Apple carrier partner just confirmed the iPhone 6
    An Apple carrier partner just confirmed the iPhone 6

    Just about everyone who cares at all about smartphones knows that Apple’s next-generation iPhone 6 is just weeks away from being announced during a huge press conference on September 9th. Even still, Apple generally likes to be the first company to announce its new devices and make them official before its carrier partners and distributors start sharing their plans for new iPhones. At least one wireless carrier didn’t get that memo, however, as China Telecom has apparently just confirmed the iPhone 6 publicly and shared a few details about the device. FROM EARLIER: Huge leak shows the 5.5-inch iPhone’s rear shell side-by-side with the 4.7-inch iPhone 6 Apple’s various carrier and retail partners tend to walk on eggshells in an effort to keep

  • Emails show Walker recall election campaign push
    Emails show Walker recall election campaign push

    MADISON, Wis. (AP) — Newly released court documents include excerpts from emails showing that Wisconsin Gov. Scott Walker's recall election campaign team told him to instruct donors to give to a key conservative group that would run ads for Walker and distribute money to other conservative groups backing him.

  • Bill & Melinda Gates Foundation Pledge $1 Million to DonorsChoose
    Bill & Melinda Gates Foundation Pledge $1 Million to DonorsChoose

    She's a philanthropist, mother and half of the world's most generous couple. Melinda Gates and her husband, Bill, have tackled numerous global issues through the Bill & Melinda Gates Foundation. Since the foundation's inception in 2000, they have given over $30 billion dollars to fight disease, prevent the spread of HIV and foster agricultural development.

  • Hamas leader: Don't compare us to ISIL
    Hamas leader: Don't compare us to ISIL

    As much of the world expressed revulsion over the beheading of American journalist James Foley by an ISIL executioner, Hamas political chief Khaled Meshaal took pains to disassociate his organization from the Islamist militant group that has conducted a murderous rampage across a large swath of Syria and Iraq.

  • 'So You Think You Can Dance' Recap: Hip-Hop Wedding, Heavy Metal Divorce
    'So You Think You Can Dance' Recap: Hip-Hop Wedding, Heavy Metal Divorce

    Nigel Lythgoe, please don't let this show devolve into the artificial-suspense drudgery of American Idol. Gotta love a British California girl.

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