Quantcast
www.fgks.org   »   [go: up one dir, main page]

The world of business, decoded every day, by GlobalPost correspondents around the world. For knowledge, power and wisdom, enter the Suite Spot.
Eu green energy 2012 04 06
It's certainly not going to pull the euro zone from its economic slump.

BRUSSELS — Too many European companies have been slow to adapt to a rapidly changing market and relied for too long on government subsidies, according to Reinhold Buttgereit, secretary general of the European Photovoltaic Industry Association. “This was never realistic and now it’s time to realize that those days are over,” he said.

Rwanda poverty reduced 2012 3 28
Nearly two decades after genocide, a pro-growth policy is lifting many from poverty.
Fernandez imf economy 2012 03 21
The IMF and independent economists say the government is cooking the books.
Australia wayne swan 2012 03 06
Deputy PM's anti-billionaire tirade kicks off a backlash by the 0.01 percent.
Burma economy 2012 03 12
The long-isolated regime seeks warmer relations with the West and business advice from Singapore.

The Suite Spot

Business Breaking News

Mobile phone carriers band together to stop cell phone theft
2012-04-11 02:23

Major mobile phone carriers have agreed to a plan to track and shut down cell phones reported stolen.

The carriers have teamed up with the US government and the Federal Communications Commission to build a database of stolen cell phones in order to track and even shut them down remotely.

Each cell phone will have a serial number like a car license plate that will be stored in the database if reported stolen.

“Any system that can prevent a theft or a thief from reselling a device will be a welcome tool to make our system safer,” said Metro Transit Police Chief Michael Taborn, said the Washington Post

The effort is to crack down on the rising numbers of cell phone theft around the country by making the resale value on the phones nil.

According to the Wall Street Journal, there were more than 26,000 reported incidents of electronics theft in 2011, with over 80 percent involving mobile phones.

In Washington, DC, cell phone theft rose 54 percent between 2007 and 2011, and are now taken in nearly 40 percent of all robberies in the district, according to FCC statistics.

Verizon and Sprint already block stolen mobile phones from being activated leaving AT&T and T-Mobile to do the same by the end of October.

"Today iPhones and smartphones are catnip for criminals. They're valuable, they're exposed, they're easy to steal. They are ripe for the picking," Senator Charles Schumer, a key backer of the plan, said reported the Chicago Tribune.

Read more on GlobalPostHas Israel's regional isolation helped protect its economy?