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US still wants to expand nuclear energy: Chu

WASHINGTON — The United States still wants to expand nuclear plant construction despite the Japan disaster and sees nuclear power as a key part of clean energy efforts, Energy Secretary Steven Chu said Wednesday. Testifying at a House subcommittee hearing about President Barack Obama’s request for energy funds in the…

Telecoms want ‘to put Netflix out of business entirely,’ Sen. Franken tells SXSW

AT&T ‘moving in a direction consumers don’t want to go,’ Netflix tells Raw Story Appearing in a recent panel discussion at the South by Southwest music, film and technology festival in Austin, Texas, Sen. Al Franken (D-MN) warned that net neutrality, or the treatment of all data on a network…

Survey finds Californians back tax extensions

SACRAMENTO, California (Reuters) – Californians would overwhelmingly back extending temporary tax increases to help balance the state’s budget if asked to in a special election, according to survey results released on Wednesday. The results of the statewide survey conducted by the University of California, Berkeley and The Field Poll were…

Housing starts see biggest drop since 1984

WASHINGTON (Reuters) – Housing starts posted their biggest decline in 27 years in February while building permits dropped to their lowest level on record, suggesting the beleaguered real estate sector has yet to rebound from its deepest slump in modern history. Groundbreaking on new construction dropped 22.5 percent last month…

US regulator warns of Facebook pre-IPO scams

WASHINGTON — A US financial regulator warned investors on Tuesday to be wary of con artists peddling non-existent shares in social media companies such as Facebook ahead of their going public. The Financial Industry Regulatory Authority (FINRA) said the scams involved offering investors’ access to private shares in social media…

Survey shows upbeat outlook from US millionaires

WASHINGTON (AFP) – More than four in 10 American millionaires say they now need $7.5 million to feel wealthy, according to a survey that uncovered surprising levels of optimism about economic prospects. Conducted by Fidelity Investments, the world’s largest mutual fund firm, the poll analyzed the investing attitudes and behaviors…

Cocaine is found at NASA’s Kennedy Space Center

A packet of white powder that was found at NASA’s Kennedy Space Center, where the space shuttle launches, has tested positive for cocaine, according to NASA’s Inspector General’s office. The packet contained “4.2 grams of a white powdery substance” and was “found in a NASA facility at KSC on March…

Apple delays iPad 2 release in Japan

NEW YORK – Apple said Tuesday that it was delaying next week’s release of the iPad 2 in Japan because of the earthquake and tsunami which devastated the country. “We are delaying the launch of the iPad 2 in Japan while the country and our teams focus on the recovery…

Online anonymity icon dislikes Facebook model

AUSTIN, Texas – The founder of Internet anonymity haven 4chan thinks Facebook founder Mark Zuckerberg is mistaken when it comes to online identities. Remaining unknown online frees people to blaze ahead with creative endeavors they might otherwise shy away from for fear of being embarrassed, Christopher “moot” Poole said at…

Tea Party Nation claims to be under attack from ‘Anonymous’

The Tea Party Nation announced on its website Tuesday that its online forums had been attacked by the decentralized collective of hacktivists known as “Anonymous.” Judson Phillips, the founder of the Tea Party Nation, said the cyber attacks had been “mostly of the juvenile nature.” He claimed that members of…