Bitcoin, the digital currency that trades outside the control of central banks and international borders, reached new heights Tuesday, surpassing the $200 mark for the first time. That level comes just five days after bitcoin approached $150, a development that Mt.Gox, the largest exchange service for the currency, deemed to be "epic."
Bitcoin's rise has been sharp. It was only two months ago that exchange rates put a single bitcoin's value at around $20.
A year and a half ago, J.C. Penney's then-brand new CEO Ron Johnson undertook what was supposed to be a transformation of the 110-year-old department store. Yesterday, the retailer cut his tenure short.
J.C. Penney lost nearly $1 billion last year as customer traffic dropped off.
Now, it's bringing back former Chief Executive Officer Myron Ullman to try to stanch the bleeding.
Google announced Tuesday that its Google Fiber project would be hitting Austin, Texas, next. The company says Austin, famous for its South by Southwest festival, is a "mecca for creativity and entrepreneurialism, with thriving artistic and tech communities."
Google Fiber is the tech giant's blazing fast Internet service, with current rates at 1 Gpbs, about 100 times faster than your typical cable broadband Internet service. It debuted in Kansas City in 2012.
University of Louisville fans have had a lot to cheer about lately — and not just basketball.
Monday's big victory by Louisville's men's basketball team over Michigan is just the latest success for the school and for an athletic department that is quickly becoming one of the country's most admired.
In January, the football team upset fourth-ranked Florida to win the Sugar Bowl, and coach Charlie Strong turned down a lucrative offer from the University of Tennessee to continue rebuilding the Louisville program.
Originally published on Wed April 10, 2013 10:44 am
In an attempt to discover the best new local music in Nashville, we headed to Grimey's Records, the mecca for indie music in town. It was opened by Mike Grimes in 1999, who also manages The Basement, the club in Grimey's basement. And the institution is still growing, recently opening a satellite store next to its already expanded store.
In this segment, co-founder Doyle Davis (who also hosts a local music show, "The Indie Underground Hour" on local station Lightning 100) picks his five best local bands.
Republicans don't often make high-profile speeches at Howard University, one of the country's most prominent historically black schools. But on Wednesday, Kentucky Sen. Rand Paul will talk to Howard students about how his party can be more inclusive.
Paul believes one answer is libertarianism — and party leaders are starting to think he might be on to something.
This is not the sound of the ALL THINGS CONSIDERED staff morning meeting.
(SOUNDBITE OF WOBBLE)
BLOCK: It's not Justin Timberlake doing his vocal warm-up. And it's not a celebration of hedge fund managers.
(SOUNDBITE OF WOBBLE)
BLOCK: It is the sound of the wild gelada monkey. And why are we bringing you the sound of the wild gelada monkey? Well, because a new study finds the vocalization of these monkeys could tell us something about the beginning of human speech.