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Apple Finds Allies with Facebook and Twitter Over FBI Case
Apple found support from Facebook and Twitter that it should not be forced to help FBI in unlocking the smartphone of one of the San Bernardino mass shooting assailants, Farook. Even if Apple unlocked phones in the past for solving criminal investigations, it is still the company' best interest to protect their privacy of their customers.
Puerto Rico in troubled waters, stalls debt payments to provide essential services
Puerto Rico has run into deep economic crisis, with its fiscal agent, the Government Development Bank, running out of reserves to cover even essential services. The government is tilting towards holding on to its debt repayments to sustain the island as a going concern, but their plea to creditors and the Congress to bail them out of the crisis is met with resistance on both fronts.
Sequoia Venture Capitalist Donates $50 Million to Fund University of Chicago's Scholarship Programs
University of Chicago scholarship programs get $50 million donation from Sequoia Capital chairman Michael Moritz and his wife Harriet Heyman. The said huge donation will fund the Odyssey Scholarship Program and the Collegiate Scholars Program.
Standard & Poor cuts Brazil's loan rating, citing political turmoil
Standard & Poor has trimmed Brazil's loan rating into "junk territory' following the nation's failure to reduce its fiscal risks and the political hurdles facing the economy of Brazil. The government is hopeful to reform its fiscal strategy amid political challenges and economic slowdown.