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News, Analysis and Opinion

Dell’s Dire Earnings Present Dim Hope for Turnaround

SUZANNE MCGEE, The Fiscal Times | May 20, 2013

It shouldn’t have come as a great shock to anyone that Dell’s fiscal first-quarter results, reported Thursday,...

Snowe Plans to Fix Washington from the Outside In

ERIC PIANIN, The Fiscal Times | May 20, 2013

http://www.thefiscaltimes.com/Articles/2013/01/06/McConnell-Bests-Boehner-As-GOP-Negotiator-in-Chief.aspx#page1 Wh...

Has Britain Gone to Pieces Over Exiting the EU?

PATRICK SMITH, The Fiscal Times | May 20, 2013

David Cameron, Britain’s Conservative prime minister, has been bullied on the question of European Union...

McConnell Skirts Obama Impeachment Questions

DAVID FRANCIS, The Fiscal Times | May 19, 2013

Senate Republican leader Mitch McConnell (Ky.) sidestepped earlier Republican comments suggesting that Obama had...

Bernanke Big on Innovation's Boost to America

THE STAFF, Reuters | May 19, 2013

Federal Reserve Chairman Ben Bernanke painted an upbeat picture on Saturday for the potential of innovation to...

Obama's 10-Year Deficit Reduction Smaller Than Proposed

LORI MONTGOMERY, The Washington Post | May 19, 2013

President Obama’s budget request would raise taxes by nearly $1 trillion compared with current law and cut...

IRS Scandal: Let the Axe Fall on Lois Lerner

DAVID CAY JOHNSTON | May 17, 2013

Why is Lois G. Lerner still on the taxpayer’s payroll? Lerner is the director of exempt organizations whose...

The IRS Scandal: Who's Next on the Chopping Block?

STAFF, TheWeek.com | May 17, 2013

A new Gallup poll found that "slim majorities" of Americans are very or somewhat closely following two...

Millennials Hit the Brakes on 60-Year Driving Boom

THE STAFF, Reuters | May 17, 2013

Americans are driving less than they used to because of higher gasoline prices, a weak economy and changing...

IRS Health Care Exec at Center of Scandal

BRIANNA EHLEY, The Fiscal Times | May 17, 2013

The Internal Revenue Service official who was in charge of the division that targeted Tea Party groups is now in...

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5 Questions For...

D.J. Patil
Chief Data Scientist, Greylock Partners

"How is big data changing the way business captures customers? "

"Data science now has a front seat. Consider the success of ‘Moneyball’ and of election predictions. We’ve gone from targeting customers to building data products to benefit customers – like Google’s self-driving car. "
"Tell us something we don't know about a data scientist’s job."

"The most powerful skill of a great data scientist is the ability to create a narrative. Data by itself is cold. It’s the human that makes it come alive and be useful. "
"What excites you most about the field? "

"The ability to improve people’s lives, as in forecasting Hurricane Sandy. People are also using data to better track their health. There are advances in genomic analysis, too. "
"What concerns you most about this field? "

"We’re in an arms race against those who would breach security systems. There are very sophisticated data products out there. We need to better discuss privacy and the appropriate use of data by the government. "
"Best way to prepare the data scientists of the future? "

"Students need a great foundation in math, statistics, computer science. Domain expertise is also required. They also need to have another multidisciplinary area – biology or physics, for example. "

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Cartoons

“He said that he is socially liberal and fiscally conservative, but what he meant is that he sleeps around and is cheap.”
“You’re in luck, in a way. Now is the time to be sick – while Medicare still has some money.”
“Will this be cash or consumer debt?”
“Is there a history of recession in your family?”
“Something sleek and recessionproof, Edward”
“Well, so long, Eddie. The recession’s over.”
“I need some short-term economic stimulus.”

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Quote of the Day

[The AP violation] is a matter of policy. To say that there was “no knowledge of this” in the White House is false. This goes to the President and the people around him.