Bipartisan Victory as Republicans and Democrats Agree Poor People Should Go Hungry
The Senate pushed its version of a Farm Bill through a procedural cloture vote on Thursday, paving the way for a full Senate debate on the massive piece of legislation that will guide agricultural and food policy over the next five years. Advocates for the poor, however, are up in arms as representatives from both major political parties are readying dramatic cuts to the nation's food assistance program that will negatively impact millions of the nation's most vulnerable families.
Waygo Wins Most Promising Startup At Echelon Singapore Conference
Waygo has just won Most Promising Startup at the http://e27.co/echelonEchelon conference 2013 in Singapore. The judging panel of eight included Dave McClure, founding partner at 500 Startups, Edgar Hardless, CEO of SingTel Innov8 and John Scull, managing director at Southern Cross Venture Partners. Waygo makes an optical character reader (OCR) translation app which so far has focused on translating the Chinese language into English. It works offline and in real time, and shows the English translation overlaid over Chinese printed text within the app. It was part of the 500 Startups accelerator batch that graduated in February. I just spoke to co-founder, Huan-Wu Yu, fresh from his win at the conference, and he said the two-year old company is on its way to close its seed round of an expected $750,000 soon. Waygo has about 40,000 users now, and is in talks to develop a promotional deal with Lonely Planet and American Airlines now. Japanese and Korean versions are in the works, said Yu. Come ...
Hon Hai Looks Toward Indonesia's Promising Economy As Apple's Growth Slows
Hon Hai is planning to diversify its business away from producing Apple devices by signing an agreement with Indonesia to make and sell handsets in that country, reports Reuters. A Hon Hai spokesman said that the company, which derives about 60 to 70 percent of its revenue from manufacturing work for Apple, hopes to sign the agreement next month. Hon Hai, the parent company of Foxconn, is one of Apple’s largest suppliers. The Taiwanese company joins other manufacturers looking to make their business less dependent on Apple contracts as the Cupertino company’s growth slows. Earlier this month, Hon Hai reported a 19 percent in 1Q sales, due in large part to falling demand for iPhones. Another heavily Apple-dependent manufacturer, Cirrus Logic, has said that it is trying to diversify its customer base and is now shipping to several mobile phone manufacturers. Fellow Apple chip maker SK Hynix may start selling to Samsung, a deal that could help the Korean tech giant avoid supply disruptions ...
North Korea Sets Conditions for Return to Talks
North Korea on Thursday demanded the lifting of United Nations sanctions and an end to joint U.S.-South Korean military exercises as preconditions for starting dialogue.
The Lede: North Korea Threatens Colorado City, Inaccurately
A video released on a North Korean government Web site shows the nation targeting nuclear weapons at a Colorado city. But a map shown places the city in the vicinity of Louisiana.