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Milton Friedman Dies of Heart Failure at Age 94 –Favorite of Libertarians and Free Market Thinkers –Author of Books and Articles

Milton Friedman Dies of Heart Failure at Age 94 –Favorite of Libertarians and Free Market Thinkers –Author of Books and Articles

Milton Friedman

Nobel Prize winner Milton Friedman died on Thursday at the age of 94 in San Francisco of heart failure. His theories concerning consumption analysis, monetary history and stabilization policy earned him the Nobel Prize in economics in 1976. He developed many of his free market theories during the Great Depression. His ideas were contrary to President Franklin D. Roosevelt’s who based his New Deal ideas of Britain's John Maynard Keynes, the most influential economist of the time.

Friedman graduated from Rutgers University in 1932 and earned his master's degree the following year at the University of Chicago. He received his doctorate from Columbia University in 1946. Friedman wrote more than a dozen books including “Why Government is the Problem”; “Money Mischief: Episodes in Monetary History”; “Price Theory," in 1962 (with Rose Friedman); "Capitalism and Freedom," in 1962 (with Anna J. Schwartz); "An Economist's Protest," in 1972; "There Is No Such Thing As a Free Lunch," in 1975; and "Free to Choose," in 1979, co-authored with his wife, and “Essays in Positive Economics”.

Boeing Could Be Hurt By Delta Airlines Takeover – US Airways Is Customer of Airbus – Chief Says No Anti-Trust Problems

Boeing Could Be Hurt By Delta Airlines Takeover – US Airways Is Customer of Airbus – Chief Says No Anti-Trust Problems

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US Airways has launched a multi-billion dollar hostile bid Wednesday to take over rival Delta Airlines which would make the airline the nation’s largest. Many analysts say the takeover could be bad for both consumers and American business. If the takeover / merger goes through, US Airways would handle one in four airline seats in the US according to a report from NBC.

American business could suffer because of the merger. Delta has been a longtime customer of the Washington based Boeing Company. US Airways is a key North American customer of Airbus and has already ordered the Airbus A350 that will compete against the Boeing Dreamliner. The Seattle Post Intelligencer reports that Delta is expected to order Boeing's new 787 Dreamliner. This deal could wipe-out that deal.

Microsoft’s Zune Music Player Product Now Shipping

Microsoft’s Zune Music Player Product Now Shipping

Microsoft Zune Player in Brown

This Tuesday retailers across the US started selling the Microsoft Zune music player. The new music player is set to compete against Microsoft iPod music players. The investment in a new player and brand loyalty, may be why it was not a sell out on the first day.

The specifications offer up to 14 hours of music play time and up to 4 hours of pictures displayed, and up to 4 hours of watching video. It takes 3 hours to recharge the battery fully.

The display on the Zune player is 3 inches with a resolution of 320x240 pixels. Picture support is up to 640x480 in a jpeg and WMV image formats, while video is at 320x240 and uses MPEG-4 and H.264 video formats. The Zune comes with 30GB hard drive. Zune stores up to 7,500 songs, 25,000 pictures or 100 hours of video. The Zune supports MP3, WMA and ACC audio formats.

Cingular expected to launch Cellphone based Music Service

Cingular expected to launch Cellphone based Music Service

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According to reports in the Wall Street Journal, Cingular is planning to launch a cellphone-based music service. Cingular, a mobile phone provider, is expected to be partnering with companies including, Yahoo, Napster, and eMusic.

The partnership would make Cingular customers to download music files from the personal computers and then transfer them to their cellphones. This is an example of the multipurpose device that will be a wave of the future. Cellphones are replacing younger generation’s use of the wrist watch to tell time. Cellphones also have GPS tracking built in along with games, and digital photography capabilities.

Bomb Explodes at eBay Headquarters in San Jose

Bomb Explodes at eBay Headquarters in San Jose

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On Tuesday night, eBay’s PayPal headquarters were bombed. Paypal is owned by eBay and is a online payment option for both checking accounts and credit card used on commercial websites as well as on eBay auctions.

The explosive device left outside and exit leading to a conference center. The bomb’s explosion caused a plate-glass window to shatter. There were 26 employees working inside the four story building when the explosion went off and nobody was injured. After they heard the explosion these employees called 911. At 7:31 pm the fire department responded to the emergency call.

According to an interview by local San Jose CBS Channel 5 news, San Jose Fire Department Capt. Jose Guerrero said, "Whatever caused this was pretty strong. It's tough to break one of these windows."

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