The High Costs of the Cloud
Data centers make “the cloud” tangible. The supposed benefits—such as jobs—might not be.
Six of the nation's 19 largest banks have failed the Federal Reserve's "Stress Tests," including Citibank and Bank of America, according to Bloomberg.
The Fed is pushing the banks to raise capital by converting preferred shares (including those held by the Treasury) into common shares, rather than seeking more federal funds.
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