The Federal Reserve is opening a new door for stablecoin companies. On October 21, Governor Christopher Waller proposed a special payment account. This account lets stablecoin issuers and crypto firms access Fed payment systems. But it doesn't give them full access like regular banks. This is a big
The U. S. government is investing heavily in a high-tech border security project along the Southwest border. This project, known as the "smart wall, " combines physical barriers with advanced technology to enhance border security. The Department of Homeland Security has allocated $4. 5 billion for t
In a recent crackdown, federal authorities have exposed a sophisticated poker rigging operation linked to New York City's infamous Mafia families. This high-tech scheme, which spanned six years, allegedly involved members and associates of the Genovese, Gambino, Bonanno, and Lucchese crime families.
American universities are in a tough spot. They rely heavily on federal grants and student loans, but trust is fading. Costs are rising, and some schools are accused of breaking civil rights laws. A recent offer from the administration could help them avoid big problems. The offer asks universities
In the world of technology, visual-language models (VLMs) are getting really good at understanding both pictures and words. But when these models are used in a federated setting, where different users contribute data, two big problems come up. First, the data from each user is not the same, which ca
The Federal Reserve is considering a new idea: a "skinny" account for crypto firms. This account would give them limited access to the Fed's payment system. It's not the full deal, but it's a step forward. This idea comes from Christopher Waller, a Fed governor. He thinks it could help stablecoin c
Young tech graduates are finding it tough to land jobs. The Federal Reserve has been cutting interest rates to boost hiring, but this might not help much. Companies are holding back on hiring due to uncertainty about future costs and the impact of AI on jobs. AI is changing the game for entry-level
The recent decision to end the National Blue Ribbon Schools program has left many educators feeling disheartened. This program, which started in 1982, recognized schools for their excellence and hard work. Schools like Pellston Elementary in Michigan, which won the award in 2024, took great pride in
Late Thursday night, a tense situation unfolded at the Coast Guard base in Alameda, California. A vehicle, later identified as a U-Haul truck, tried to back into the secured area. Coast Guard personnel gave multiple verbal warnings, but the driver ignored them. Fearing for their safety, law enforcem
In a bold move, two major U. S. states are stepping in to fill the gap left by federal funding cuts to Planned Parenthood. New York and California, both led by Democratic governors, have pledged significant funds to ensure that reproductive healthcare services remain accessible. The federal cuts ca
