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Ryan McCarthy
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Entries by Ryan McCarthy

Mosquito Control Eyes Drones For Bug Battle

(3) Comments | Posted August 11, 2013 | 10:25 AM

The Florida Keys Mosquito Control District is always on the lookout for innovative new ways to make the job of killing the persistent pests more efficient.

Typically used for law enforcement, the district is floating the idea of using an "unmanned autonomous vehicle" -- a drone -- to help spot...

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Old Seven Mile Bridge Repairs Would Be Financial Boon, Report Says

(2) Comments | Posted May 22, 2013 | 8:37 PM

Refurbishing the old Seven Mile Bridge would increase tourism, create jobs, boost the Middle Keys economy and increase tax revenue for state and local governments, according to a fiscal impact study funded by the city of Marathon and the nonprofit Friends of Old Seven.

The $13,500 study was done by...

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Bank Of America Anonymous Leak Alleges 'Corruption And Fraud'

(1507) Comments | Posted March 14, 2011 | 10:05 AM

The WikiLeaks-allied hacker group Anonymous has posted a series of emails purported to be from a former Bank of America employee, which the organization says prove "corruption and fraud" at the nation's largest bank.

In a release announced with the Twitter hashtag #BlackMonday, Anoymous posted the emails on...

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Wall Street Compensation Lawyer Steve Eckhaus: 'I Have Friends Who Blame Me For The Crisis

(145) Comments | Posted February 6, 2011 | 9:35 AM

Don't blame record levels of Wall Street pay for the financial crisis, one high-powered lawyer tells the Wall Street Journal.

In an interview with the WSJ Steve Eckhaus, a New York City lawyer who has brokered pay packages for some of the Street's most well-known execs, says pay...

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What If Davos Actually Worked?

(100) Comments | Posted January 25, 2011 | 3:32 PM

Later this week, the world's elite will once again gather in Davos, Switzerland at the World Economic Forum's annual meeting. For those of us not attending, you can think of the Davos conference as a kind of Olympic Village for the powerful. In any given year, there will likely be...

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Goldman Sachs Won't Sell Facebook Stock To U.S. Clients, Citing 'Intense Media Attention'

(436) Comments | Posted January 17, 2011 | 12:23 PM

UPDATE: Dealbook has the text of Goldman Sachs' full statement here.

Citing "intense media attention," Goldman Sachs has decided not to offer shares in Facebook to its U.S. clients, the Wall Street Journal reports.

The WSJ obtained a statement from the bank which...

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Kappa Beta Phi, Wall Street's Secret Society, Elects New Members

(387) Comments | Posted January 16, 2011 | 11:20 AM

This weekend a tight-lipped group of power brokers elected two new members into Kappa Beta Phi, Wall Street's secret society founded in 1929, Bloomberg reported.

The organization, dubbed "Wall Street's Frat" by the WSJ elected Barclays M&A chief Paul Parker and Leon Black, a senior managing...

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Bank Of America Accused Of Breaking Into Woman's Home, Taking Husband's Ashes

(1697) Comments | Posted December 22, 2010 | 8:12 AM

Bank of America has seen easier days. The bank been reportedly identified as a target by WikiLeaks -- it reportedly maintains a war room to defend against the leak -- it's the subject of a federal racketeering lawsuit, one of many high profile lawsuits involving its...

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WikiLeaks Founder: We Have Enough Information To Make An Exec At A Major Bank Resign

(4946) Comments | Posted December 21, 2010 | 8:05 AM

An upcoming data dump by WikiLeaks will be damaging enough that an executive at a major American bank will resign, the organization's founder Julian Assange told the U.K.'s Times in a recent interview.

Speculation has swirled that WikiLeaks may be targeting Bank of America in its...

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13 Products Most Likely To Made By Child Or Forced Labor (PHOTOS)

(1662) Comments | Posted December 18, 2010 | 10:23 AM

Some of our most basic purchases are produced by children. Though hard data is scant, it's estimated that there are 115 million children worldwide in forced labor.

There are some 128 goods among the products that most commonly use child labor, according to newly updated...

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Bank Of America Will Stop Processing WikiLeaks Payments, WikiLeaks Responds On Twitter

(950) Comments | Posted December 18, 2010 | 10:16 AM

Bank of America announced it will stop handling transactions for WikiLeaks, the controversial non-profit group that has published secret government data and communications.

In a tense response posted on Twitter late last night WikiLeaks urged customers to stop doing business with the bank and suggested the consumers could find...

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Number Of Adult Americans Living With Their Parents Has Exploded (CHART)

(716) Comments | Posted December 10, 2010 | 3:58 PM

Empty nest parents, be warned: the number of adults aged 25 to 34 who are living with their parents has exploded, according to this rather shocking chart put together by economist Tom Lawler and posted on Calculated Risk.

Earlier this year, a study published in the journal Transitions...

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A Frightening Look At The Labor Market Recovery (CHART)

(5140) Comments | Posted December 5, 2010 | 11:34 AM

After Friday's grim jobs data, which showed that the U.S. added just 39,000 net jobs in November, it's worth noting again just how severely the recession has impacted the job market.

This disturbing chart -- repeatedly referred to as "the scariest job chart ever" by Henry Blodget...

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WikiLeaks Targeting Bank Of America? Interview Suggests Mega-Bank May Be Next

(361) Comments | Posted November 30, 2010 | 11:34 AM

UPDATE: In a new blog post, Forbes writer Andy Greenberg stops short of ruling Bank of America out as the target of WikiLeaks' next major document dump -- and he says Assange told him that WikiLeaks has documents from "multiple finance firms." Greenberg also noted that whatever information...

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Matt Taibbi: Fact-Checkers Almost Killed My 'Vampire Squid' Line About Goldman Sachs

(246) Comments | Posted November 24, 2010 | 2:24 PM

Perhaps the most famous line ever written about an investment bank and one that, for better or worse, came to define Wall Street's behavior during the financial crisis, almost never happened.

Last summer, Matt Taibbi, the author of "Griftopia: Bubble Machines, Vampire Squids and the Long Con That...

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Arizona Budget Cuts Kill Money For Organ Transplants

(1332) Comments | Posted November 17, 2010 | 5:02 PM

For some Arizona residents, the massive fiscal crisis gripping their state and others has put their lives at risk, NPR reports.

Thanks to a $1.5-billion budget deficit, Arizona has had to make some tough choices, including cuts to certain liver and heart transplants paid for by the state,...

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Predict The Unemployment Rate! What Will October's Numbers Show?

(70) Comments | Posted November 4, 2010 | 6:13 PM

Will America's unemployment rate finally budge from 9.6 percent? Time to play the guessing game.

Gallup puts the number between 9.7 and 9.9 percent, which seems like a fairly safe range. Reuters reports that the consensus is that the U.S. economy will add jobs for the...

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Ben Bernanke Defends Fed's Massive $900 Billion Program

(89) Comments | Posted November 4, 2010 | 9:05 AM

What will the Federal Reserve's massive $900 billion plan actually accomplish? As HuffPost's Shahien Nasiripour pointed out yesterday, the Fed's new announced program has been a part of a long pattern of filling corporate coffers with cash, while squeezing savers and retirees with low interest rates.

The...

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Haunting Images Of Post-Boom Las Vegas (PHOTOS)

(2228) Comments | Posted October 27, 2010 | 1:40 AM

It's been a long, hard fall for Las Vegas.

With an economy tied to consumer spending and the housing industry, Sin City region has gone from one of America's bright spots to one of its most troubled. The Las Vegas area is among the most economically stressed...

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America's Poor: Where Poverty Is Rising In America (CHART)

(12) Comments | Posted October 19, 2010 | 8:36 AM

Thanks to the recession, 2009 was one of the worst years for poverty in America in more than half a century. The total number of Americans living in poverty hit 43.6 million, the highest level in 51 years and the national poverty rate rose to 14.3 percent from...

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