Gordon Moore, co-founder of Intel and pioneer in the semiconductor industry, has passed away at the age of 94. He is best known for his 1965 prediction, now known as “Moore’s Law”, which predicted a steady rise in computing power for decades. His prediction was proven true, and Intel’s processors are now found in most of the world’s personal computers. Moore’s legacy will live on in the form of his prediction, which will continue to benefit Intel and the semiconductor industry.
Posts tagged as “San Francisco”
The Federal Reserve is facing a difficult decision as it meets to decide whether to keep raising interest rates or declare a pause. The decision is complicated by the jitters roiling the financial industry, the practice of regional banks in the Federal Reserve system inviting executives of the institutions they regulate to sit on their boards, and the hazier economic picture clouded by turmoil in the banking industry and still-high inflation. The outcome of the Fed's decision could have far-reaching implications for the banking industry and the economy as a whole.
Rupert Murdoch, 92, has announced his engagement to former San Francisco police Chaplain Ann Lesley Smith, 66. The couple met in September at Murdoch's vineyard in Bel Air, California, and they both told the New York Post that they "share the same beliefs." Murdoch proposed on St. Patrick's Day with an Asscher-cut diamond solitaire, and the couple is looking forward to the future together with the support of their families and friends.
Key takeaways: Congress must investigate the circumstances that led to the closures of Silicon Valley Bank and Signature Bank of New York. Allowing a large,…
Key takeaways: A group of America’s largest banks have agreed to deposit $30 billion into First Republic Bank. The move by the banks is a…
The San Francisco Board of Supervisors has unanimously accepted a draft plan by a panel proposing reparations for Black residents, which includes a one-time payment of $5 million to each eligible Black resident, the elimination of personal debt and tax burdens, guaranteed annual incomes of at least $97,000 for 250 years, and homes in San Francisco for just $1 a family. The plan has met with some pushback from politically liberal San Franciscans, but the Board of Supervisors will meet again in September to discuss the issue.
This article discusses an incident between the US and Russia, in which a Russian fighter jet harassed and collided with a US MQ-9 Reaper drone, forcing the US to bring it down in international waters. In response, Russia has warned the US to cease “hostile” activity near its border, while the US has called the incident a “brazen violation of international law” and summoned Moscow's envoy to lodge a protest. This is the first known direct confrontation between the two superpowers since the war began last year, and tensions are likely to continue to rise.
Key takeaways: The Federal Reserve’s campaign to bring down high prices is ongoing. The Consumer Price Index (CPI) showed that annual price increases continued to…