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Midwest startup exits surged in 2017

GUEST: A year ago, the Midwest saw one of its largest tech exits to-date: the January 2017 $1.1 billion sale of CoverMyMeds to San Francisco-based McKesson Corp. The CoverMyMeds exit was the biggest in Ohio history, and it signaled an upward growth trajectory in exit activity from 2016. When it comes to Midwest exits, 2017 was an […]

The Prehistoric Bacteria That Helped Create Our Cells Billions of Years Ago

7 hours agoHumor / odd : mental_floss

There's a reason why mitochondria and chloroplasts look the way they do.

Study of distant galaxies challenges the understanding of how stars form

The most massive galaxies in our neighbourhood formed their stars billions of years ago, early in the history of the universe. At the present day, they produce very few new stars. Astronomers have long believed that is because they contain very little gas – a key ingredient necessary to produce stars. Show More Summary

Oldest "oxygen oasis" marks Earth's first breath of fresh air

Carbon dioxide is the current villain in the story of atmospheric gases, but billions of years ago the bad guy was our friend oxygen. Although it's weird to think that we wouldn't be here today were it not for a global catastrophe, the Great Oxygenation Event actually wiped out most life on Earth at the time. Show More Summary

Novel hypothesis on why animals diversified on Earth

(Lund University) Can tumors teach us about animal evolution on Earth? Researchers believe so and now present a novel hypothesis of why animal diversity increased dramatically on Earth about half a billion years ago. A biological innovation may have been key.

World's oldest known oxygen oasis discovered

In the Earth's early history, several billion years ago, only traces of oxygen existed in the atmosphere and the oceans. Today's air-breathing organisms could not have existed under those conditions. The change was caused by photosynthesizing bacteria, which created oxygen as a by-product – in vast amounts. Show More Summary

Bank of America 4Q profits fall by 48 percent due to tax law

Bank of America says its fourth-quarter profits fell by nearly half from a year ago, as the bank had to book $2.9 billion in charges related to the new tax … Click to Continue »

Small warm ponds: Ideal incubators for first life?

The first embers of life are thought to have emerged on Earth between 4.5 billion and 3.7 billion years ago, but how and where the initial sparks arose remains a mystery. Two leading theories suggest that the first self-replicating molecules...Show More Summary

Norway's $1.1 Trillion Wealth Fund Goes All-In On Asset Bubbles, Seeks Permission To Invest In Private Equity

Just over a year ago we noted that, after being forced to withdraw at least $15 billion to fund 2017 budget deficits, the $860 billion Norwegian sovereign wealth fund announced that it was going all in on the global equity bubble toShow More Summary

CBO: Reauthorizing CHIP Will Save $6 Billion

You may recall the news from a few days ago that extending the Children’s Health Insurance Program would cost only $0.8 billion, which should make it very easy to pass. As it happens, that estimate only included seven years of funding, for reasons I couldn’t quite figure out. (It’s a five-year funding bill.) But no […]

Kids are overusing iPhones, warn two Apple investors

Apple built features into iOS years ago that prevent young users from straying anywhere parents don't greenlight. But those don't prevent kids from overusing those devices. Two investment groups with a combined $2 billion in Apple shares...Show More Summary

Chemists discover plausible recipe for early life on Earth

(Scripps Research Institute) Chemists find key chemical reactions that support life today could have been carried out with ingredients likely present on the planet four billion years ago.

Trump begins the new year of tweeting with shots at the leaders of Pakistan and Iran.

First, one hour ago:The United States has foolishly given Pakistan more than 33 billion dollars in aid over the last 15 years, and they have given us nothing but lies & deceit, thinking of our leaders as fools. They give safe haven to the terrorists we hunt in Afghanistan, with little help. Show More Summary

23 startups that became unicorns in 2017, scoring valuations of $1 billion or more

Once upon a time, a startup worth $1 billion or more was considered to be a rare, almost mythical thing — a unicorn. But in the past few years, unicorns have become far more plentiful, more like horses. A year ago, the venture capital industry looked like it was going to tighten its belt and bring valuations back to earth. Show More Summary

This Year's Movie Box Office Is Down 2.5 Percent

3 weeks agoArts : Modern Art Notes

"As of Christmas Day, the domestic total for the year was $10.68 billion, or 2.7% behind the same time frame a year ago. The final six days of 2017 are likely to generate somewhere between last year’s six-day total of $408 million and 2015’s six-day haul of $431 million, according to box office tracker comScore."

Ethanol Report on RFS2 10th Anniversary

Ten years ago this month, just days before Christmas, President George W. Bush signed into law the Energy Independence and Security Act which greatly expanded the Renewable Fuel Standard (RFS) to include up to 36 billion gallons of biofuels by 2022. The expansion became known as RFS2, like the sequel to a big movie that had just been released two... Read More

Why Uber Was So Paranoid

Two years ago, Uber was valued at nearly $70 billion—more than General Motors, Ford, or Honda. If it could do for driving what Amazon did for shopping, the thinking went, it could end up controlling more of the personal transportation market than any automaker does today. The road to global ride-hailing dominance has proven bumpy, however. Show More Summary

Earth was smashed by a rock the size of Mars to make the moon

4.5 billion years ago, a rock called Theia crashed into Earth and formed the moon. Now we know that it was probably only about a tenth the mass of our planet

Oldest fossils ever found show life on Earth began before 3.5 billion years ago

last monthArts : Artdaily

It took more than 10 years of painstaking work, grinding an Australian rock containing fossils smaller than the eye could see, to confirm the earliest direct evidence of life on Earth, scientists said Monday. The 3.5-billion-year-old...Show More Summary

Origins of photosynthesis in plants dated to 1.25 billion years ago

(McGill University) The world's oldest algae fossils are a billion years old, according to a new analysis by earth scientists at McGill University. Based on this finding, the researchers also estimate that the basis for photosynthesis in today's plants was set in place 1.25 billion years ago.

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