| The world of robotics has a new gorilla entrepreneur, Google. Google has promptly made a swift seven-company robotic acquisition deal in the past six months. And this Friday it had completed the acquisition of Boston Dynamics, engineering company that has designed robots for the Pentagon. Boston Dynamics produced robots like BigDog, Cheetah, WildCat and Atlas. You can check out a video of the WildCat performance in Youtube. What is the Google trying to do with robots? In 1962 Bob Taylor and Information Processing Techniques Office (IPTO) brought forth the Internet in seven short years. In this rapidly changing technology Google will not miss the opportunity to build winning technology business. However, nobody knows exactly what will come up with this new technology. People can only speculate that Google plans to use robots to automate the delivery of its self-driving cars, whereas Amazon dreams of drones to transport goods to its customers by air. In this time of job crisis, even as unemployment has inched down, the economy has created barely enough jobs to match population growth. The enormous labor market will contribute to lowering wages for many unskilled people. And their bargaining position will be weaker if advanced automated system takes over human in production. |
 With a focus on compassion, the leader of the Catholic Church has become a new voice of conscience. Managing Editor Nancy Gibbs explains why Francis is TIME's choice for Person of the Year 2013. (Time)
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U.S. banks will no longer be able to make big trading bets with their own money after regulators on Tuesday finalized the Volcker rule and shut down what was a hugely profitable business for Wall Street before the credit crisis.(Reuters)
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Madoff was arrested at his Manhattan penthouse five years ago this week after his $20bn scam came to light. JP Morgan was his bank for two decades and the US authorities suspect it continued to service his business even as it suspected something was wrong.(Guardian)
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The judge said Samsung's patent for a multitasking technology that prevents incomplete messages being lost when switching to another application was not violated by the existence of a similar technology. (AP)
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Email is one of those things that's just a part of your life, period. Most of us know someone who has closed their Facebook account or refused to join in the first place in a little foot-stomping stand by their ego, and you might even know someone who is thrilled with themselves for not owning a smartphone. (WaitButWhy)
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