Ephraim Schwartz

The new administration has promised to stimulate the U.S. economy by spending billions of dollars on high tech. The question is what kind of projects should money allocated to high tech go to?

The financial meltdown, fueled by a decade of exotic financing mechanisms that some say were designed to hide risk and pass it on to unwary buyers, will have a major impact on IT budgets, personnel, and reporting responsibilities.

A report by the Office of Fraud Detection and National Security finds a 27 percent rate of fraud in the H-1B visa program.

While all eyes are on Congress to see whether they will resolve the credit crunch by bailing out banks and other financial institutions from their own greed, another money bill, the Research and Development Tax Credit moved one step closer to passage on Friday.

In the coming weeks the feds and the surviving financial services institutions will have the daunting task of unraveling all the securitized loans and other instruments that are hiding the toxic investments.

Employment statistics from the Bureau of Labor Statistics of the Department of Labor for the month of July, as well as its employment statistics comparing July 2007 versus July 2008, indicate a significant decline in information technology employment.

In the wake of the Federal Communications Commission's decision that Comcast interfered with "Internet users' right to access the lawful Internet content and to use the applications of their choice," network providers such as Comcast will likely turn to one of two models to manage their networks: metered access or QoS (quality of service).