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China Manufacturing Expands at Fastest Pace in 5 Years

An official survey released Saturday said that China’s factory activity expanded in September at the fastest pace in five years, as the country’s vital manufacturing sector stepped up production to meet strong demand. The official manufacturing purchasing managers’ index rose to 52.4 in September, up from 51.7 in the previous …

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Untangling US Tax System

Nearly all U.S. taxpayers say American tax law, which runs tens of thousands of pages, is an incredibly complicated, annoying mess. And there is no agreement on how to fix the problem. Republicans recently outlined a new effort they say will be clearer, fairer and helpful to the economy. Critics …

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IMF Chief tells Central Bankers to not Dismiss Bitcoin

Christine Lagarde, the head of the International Monetary Fund, has a message for the world’s central bankers: Don’t be Luddites. Addressing a conference in London on Friday, Lagarde said virtual currencies, which are created and exchanged without the involvement of banks or government, could in time be embraced by countries …

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Switzerland Tests Delivery by Drone in Populated Areas

Drones will help deliver toothbrushes, deodorant and smartphones to Swiss homes this fall as part of a pilot project, the first of its kind over a densely populated area. Drone firm Matternet, based in Menlo Park, California, said Thursday it’s partnering on the Zurich project with Mercedes-Benz’s vans division and …

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NSA Invites Students to ‘Hack Us!’

Ever think about hacking into the U.S. government’s data system? Wanna try?   If you can develop a network signature for an intrusion detection system (detect hacking), or perform forensic analysis of a compromised endpoint (detect hacking before it collapses the system), the National Security Administration wants you to try. …

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US Durable Goods Orders up 1.7 Percent in August

Orders for long-lasting manufactured goods rose a modest 1.7 percent in August, reflecting a rebound in the volatile aircraft sector. A gauge of business investment was up for a second month, providing hope that a revival in manufacturing is gaining strength.   Last month’s advance in orders for durable goods …

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