Its allegedly rosy ratings for mortgaged backed securities understated the severity of the growing housing crash and may have actually contributed to the financial crisis. Michael de la Merced has been following the story reporter for our partner, The New York Times.
A 16-page memo obtained by NBC News was apparently the legal rationale for the killing of American citizen Anwar Al-Awlaki, an Al Qaeda operative. The memo is also the clearest statement yet of American policy on the use of drone aircraft.
Congress created the Office of Science and Technology Policy in 1976, but Barack Obama was the first president to appoint a White House chief technology officer. In 2012, Todd Park became the second person to hold the position.
Today marks the last day the Royal Canadian Mint will distribute the penny, a coin that has been in production in Canada for more than 150 years. The sinking of the Canadian penny is a recognition of the reality that it costs of 1.6 cents to manufacture a penny, and that many people consider them more of a nuisance than a denomination of money.
In the tech world, "hackers" are variously freedom fighters, poorly behaved geniuses, truth tellers, underground rock stars, and dangerous criminals where the objective is denial of service, identity theft, or exposure of private, even classified, data to the public. In the world of cyber warfare, the objectives are much bigger.
Long before Richard Nixon was president or he and Dwight D. Eisenhower were in-laws, the two were allies and adversaries. Their relationship lasted for 20 years, and brought out both the best and worst in each other. The story of their complicated relationship is told in the new book, "Ike and Dick: Portrait of a Strange Political Marriage." The author, Jeffrey Frank, is former senior editor of The New Yorker.