The Market, January 20, 2012

The Market, January 20, 2012

Safety and security were big in the news this week. It opened with a hacker attack on Zappos and continued with the sinking of the Costa Concordia cruise ship and web blackouts of sites like Wikipedia protesting the SOPA and PIPA bills due to censorship and cybersecurity concerns.

Speaking of security, the week also ushered in big corporate changes, with the following news:

  • Former corporate titan Kodak will file for bankruptcy.
  • Jerry Yang, the founder of Yahoo, will leave the company.
  • Google missed its earnings projections, sending shares tumbling. (Learn about earnings here.)

Similarly, Republican candidate hopefuls Jon Huntsman, Jr. and Rick Perry ended their campaigns.

But not all the mighty have fallen: Hedge funds threatened to sue Greece if it fails to make good on its bond payments, and the U.S. enjoyed its lowest number of jobless claims since April 2008. Now, that's some news we welcome.

Read on to find out what SOPA and PIPA are all about and how they could affect you, as well as to hear some surprising news about class mobility in the U.S.

SOPA Blackout on Wikipedia: Internet Piracy and You

You may have noticed the Wikipedia blackout to stop SOPA and PIPA, the Congressional bills about internet piracy. But can SOPA open you up to identity theft?

America: Land of Class Conflict and Limited Opportunity?

With all eyes on class conflict, researchers find that movement between social classes in the U.S. is happening less than ever—and less than in many other countries. Why do our opportunities feel so limited?

 

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