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Source: Wired Blog Finally U.S. mobile users seem to see the value in typing out a few quick words on their phone, instead of leaving long voicemails. The typical U.S. mobile subscriber now sends and receives more SMS text messages than they do mobile telephone calls, says Nielsen Mobile——something the rest of the world has [...]

The US communications regulator this week set down the requirements for the nation’s wireless carriers to transmit alerts and critical information to consumer mobile devices during disasters or other emergencies. The Federal Communications Commission (FCC) said that during emergencies, Americans increasingly rely on wireless telecoms services and devices to receive critical, time sensitive information. Once [...]

The US government is scrambling to make sense how in the world did the current subprime crisis emerge, and more importantly, what actions to take to stave off the looming recession. NYTimes has an excellent article that points to the "shadow banking system" as the culprit or maybe, as one of the major causes of [...]