Reuters) - Nevada’s Lake Mead, the largest capacity reservoir in the United States, is on track to drop to its lowest water level in recorded history on Sunday as its source, the Colorado River, suffers from 14 years of severe drought, experts said on Friday.
The 79-year-old reservoir, formed by the building of the Hoover Dam outside Las Vegas, was expected to dip below 1,080 feet on Sunday, lower than a previous record of 1,080.19 feet last August, according to the U.S. Bureau of Reclamation.
Predictions show that on May 31, the reservoir will have dipped again to 1,075 feet, well below its record high levels of around 1,206 feet in the 1980s, according to Bureau of Reclamation data.
Lake Mead supplies water to agriculture and about 40 million people in Nevada, Arizona, Southern California, and northern Mexico.
The water source and several other man-made reservoirs springing from the 1,450-mile (2,230-km) Colorado River, have dropped to as low as 45 percent of their capacity as the river suffers a 14th straight year of crippling drought.
Comcast is going to abandon its attempt to buy Time Warner Cable, with an announcement to be made as soon as tomorrow, Bloomberg reported today, citing anonymous sources.
“Comcast Corp. is planning to walk away from its proposed takeover of Time Warner Cable Inc., people with knowledge of the matter said, after regulators decided that the deal wouldn’t help consumers, making approval unlikely,” Bloomberg wrote.
WASHINGTON — Sen. Elizabeth Warren (D-Mass.) assailed the nation’s top bank regulators on Wednesday for coddling Wall Street offenders and ducking the responsibilities Congress assigned them in the wake of the 2008 financial meltdown.
At a conference hosted by the Levy Economics Institute, Warren called not only for structural change to the banking system but for a revamping of the weak enforcement culture at the Federal Reserve, the Securities and Exchange Commission and the Department of Justice, according to a transcript of her prepared remarks. Although Warren did not cite any officials by name, the regulatory failures she highlighted reflect poorly on a host of key policymakers, including U.S. Attorney Loretta Lynch, nominated to be the next attorney general; Fed General Counsel Scott Alvarez; and SEC Chair Mary Jo White.
“The Department of Justice doesn’t take big financial institutions to trial ever — even when financial institutions engage in blatantly criminal activity,” Warren said. She accused DOJ of turning deferred prosecution agreements, designed for low-level offenders, into “get-out-of-jail-free cards for the biggest corporations in the world.”
“The SEC is even worse,” Warren said, noting that the agency has repeatedly granted significant regulatory perks to companies that it has charged with civil securities fraud. The senator also criticized the SEC for slow-walking CEO pay regulations required by the 2010 Dodd-Frank financial reform law and for protecting the secrecy of corporate political contributions.
The opponents were concerned that passing the legislation could have forced the state to uphold child support rulings made in other countries under Islamic law — a contention others said was baseless.
Health officials said Monday that without a revision they stand to lose access to programs that process child support payments and track down scofflaws in addition to $46 million in federal payouts.
The conflict started last week after a House committee narrowly rejected a bill that had sailed through the Senate.
The vote came after state Sen. Sheryl Nuxoll, a Cottonwood Republican, testified that federal regulations incorporated an international agreement regarding child support payments that would subject the state to Sharia law.
Your future, continued.
Indian police will start using pepper-spraying drones to control unruly crowds of protestors. Officials described the drones as a “non-lethal but very effective” method of “mob control.”
According to AFP, police in the north Indian city of Lucknow, which has a population of two million, have already successfully trialed the aircraft and given them the thumbs-up.
The results of the tests were “brilliant” according to Lucknow police chief Yashasvi Yadav. “We have managed to work out how to use it to precisely target the mob in winds and congested areas. Pepper is non-lethal but very effective in mob control. We can spray from different heights to have maximum results.”
The city’s police force has bought five of the paper-spraying drones at a cost of around 600,000 rupees ($9,650), with plans for them to go airborne by the end of April.
The unmanned aircraft can be flown within a one-kilometer radius of their operator and carry two kilograms of pepper onboard. They are also equipped with high-resolution cameras to surveil their targets.
On Wednesday, the Federal Communications Commission announced that AT&T would pay $25 million to settle an investigation into data breaches that occurred at the company’s call centers in Mexico, Colombia, and the Philippines. The FCC said that at least two employees confessed to stealing private information belonging to thousands of US customers, including names, full and partial social security numbers, and account-related data, known as customer proprietary network information (CPNI). CPNI data is usually found on a person’s phone bill and contains call metadata.
The commission also said that it had been looking into whether AT&T had promptly notified law enforcement regarding the theft of customers’ CPNI.
One of the newly elected board members of the Bitcoin Foundation—the 2.5-year-old organization that was meant to bring order to the famously open source and freewheeling cryptocurrency—has declared the group “effectively bankrupt.”
While the Bitcoin Foundation obviously does not have control over Bitcoin itself, it’s the closest thing to a public face that the community has. Individual memberships start at $25, while corporate memberships start at $1,000 annually. The non-profit’s own tax filings from 2013 show that it ended that year with over $4.7 million in total assets—nearly five times as much as it had at the same time the previous year. It has yet to release financial details for 2014.
The organization was founded in 2012 by a number of Bitcoin luminaries who have since fallen, and the group itself has been marred by controversy in recent months. Of its original five founders, one is now in prison (Charlie Shrem), another oversaw the collapse of the largest Bitcoin exchange (Mark Karpeles), and yet another has since left the United States for a Caribbean nation known for offshore banking (Roger Ver). Of the original board members, only Bitcoin lead developer Gavin Andresen has remained.
At least nobody got shot.
A massive Easter egg hunt at California’s state Capitol was intended to set a world record but turned chaotic as combative parents stepped in to snatch eggs themselves, leaving crying children in their wake, according to participants.
Organizers had set out more than 500,000 plastic, multicolored eggs on the Capitol grounds Saturday with the goal of breaking the Guinness record for the world’s largest egg hunt.
Children brought their own baskets to hold the eggs they found, which they could later exchange for candy and prizes. But the joyous event quickly turned ugly.
Some parents shoved their way into the hunt and scooped up all the eggs they could get their hands on, according to CBS Sacramento. Arguments broke out over whether adults should be permitted to help their children, the Sacramento Bee reported.
After losing the battle against net neutrality rules at the Federal Communications Commission, FCC Commissioner Ajit Pai has taken his fight to Congress. Today, Pai asked the House of Representatives to strip the FCC of funding it needs to enforce net neutrality rules.
“Congress should forbid the Commission from using any appropriated funds to implement or enforce the plan the FCC just adopted to regulate the Internet,” Pai said in prepared statements for an FCC budget hearing. “Not only is this plan bad policy; absent outside intervention, the Commission will expend substantial resources implementing and enforcing regulations that are wasteful, unnecessary, and affirmatively detrimental to the American public.”
Pai is one of two Republicans on the FCC. The three-member Democratic majority voted in favor of the net neutrality order. The decision reclassified broadband as a common carrier service and imposed net neutrality rules that prevent Internet service providers from blocking or throttling content or prioritizing content in exchange for payment.
In the first weeks of 1964, the Beatles’ “I Want To Hold Your Hand” raced up the US charts, giving the Liverpool band its first American hit single and helping to launch the British invasion. At around the same time, the Rolling Stones were enjoying a number-three hit in the UK with “Not Fade Away,” as well as a number-one British EP. The Stones tried - but couldn’t immediately replicate - the Beatles’ stateside success, lagging behind by more than a year.
The decisive breakthrough for Mick, Keith and company came with the release of “(I Can’t Get No) Satisfaction” in June of 1965. The song rocketed to the top of the US charts, partly fueled by claims that the lyrics referred to sexual frustration.
But “Satisfaction” was not the Stones’ first top ten single in the US. In March 1965 the band released “The Last Time,” which rose to the number-nine spot stateside, while topping the charts in the UK. Unlike “Satisfaction,” the story of this song is not one of scandal and rebellion, but rather one of admiration and imitation. It possessed stylistic flairs and influences that would ultimately foretell the band’s future stardom.