Two U.S. banks — JPMorgan Chase and Citigroup — are on the list of institutions targeted by the EU fines. At more than $2 billion, the largest fine ever issued by the European Union in such a case came after a two-year investigation into banks' collusion.
If your computer is infected with a virus or other forms of malware, disconnecting the machine from the Internet is one of the first steps security experts say you should take. But, someday, even physically separating your laptop from a network may not be enough to protect it from cyber evil-doers.
While the advent of eye-tracking technology may be exciting for Google Glass wearers and Microsoft Xbox Kinect enthusaists, the innovation is also potentially electrifying for the autism community. Yesterday, as part of Marketplace Tech's week long series Mind Games: Mental Health and Virtual Reality, host Ben Johnson looked at how video games are being used as a therapy for people on the autism spectrum. Today, Marketplace Tech talks with child psychologist Dr. Micah Mazurek, assistant professor of health psychology at the University of Missouri, about how games might impact autistic people's social interactions in the near future.
"Because we now know that children are fascinated by this technology, and that children with autism may be especially motivated by it, I think it really leads us to think about innovative technologies that might capitalize on that," Mazurek says. "So maybe developing games or virtual reality systems that can help to teach social communication skills for children with autism in this technology based way."
Mazurek says autistic children could potentially benefit from games that incorporate eye tracking technology, such as the kind found in Microsoft's Kinect motion sensor.
"One example might be developing a game-based or virtual reality-based system that can monitor virtual social behaviors," she says. "Some of these systems are even being developed to be sensitive to eye gaze, so they can track where the participant is looking on the screen. And if they're making eye contact with the avatar, then they're going to be rewarded within that game system. And then we would hope that those skills would then generalize out into the real world."
But Mazurek says the results are far from proven yet. At this time, she wouldn't recommend autistic children work with an avatar over a real therapist.
"I think one of the messages that our lab would like to get out there is that we need to proceed with caution, because we don't yet know if those technologies are going to be effective in a meaningful way. So we don't want to set up a situation where even the interventions we are delivering are technology based, then limiting their potential social interactions outside of that."
Among other things, the law prohibits treatment limits and copayments or deductibles that are more restrictive than an health insurance plan's medical coverage. Now regulations make the specifics clearer.
If you’re between the ages of 62 and 70, you’re eligible for Social Security. But when should you take it? Allan Sloan, senior editor-at-large for Fortune Magazine, tackled the topic in Fortune’s annual investor guide. And he says it depends.
Conventional wisdom suggests you wait out as long as you can for the biggest monthly payments. Sloan and his wife chose to start collecting at age 67.
“The question becomes, do you need the money? Are you still working? And when do you think you’re going to die?”
Click on the audio player above to hear more from Allan Sloan about taking social security.
The latest ADP National Employment Report says private employers added 215,000 jobs last month, making it the strongest month for job growth since a year ago. And in October, America's trade gap narrowed on the strength of record exports to China, Canada and Mexico.
The European Commission has hit a half dozen big banks, including Deutsche Bank and JPMorgan Chase, with a $2.3 billion fine for colluding to rig two benchmark lending rates that set the price of money between banks -- something on which they were supposed to competing. It's the largest antitrust fine that the European Commission has ever imposed in a case of this kind.
The European Commission ruled that this group of banks -- some of the biggest and best known in the world -- essentially colluded to form an illegal cartel to profit from derivatives linked to rigged interest rates. The Competition Commission in Brussels said the most shocking aspect was not just the illegal activity, but that banks that were supposed to be competing with each other were actively colluding to the disadvantage of companies that rely on these interest rates every day.
"The indirect impact is if you're dealing with a company that relied on those interest rates to do their business, then those companies are getting rates which are not as good as they could have been, then presumably those companies are going to put up prices of some of the products and services which you want to buy," says the BBC's Europe correspondent Chris Morris. "So these things do trickle down through the economy."