Data analytics firm Digital Reasoning has landed deal with investment firm In-Q-Tel that will make the Franklin company's technology available within the U.S. intelligence community. According to the announcement this morning, IQT has made a strategic investment in Digital Reasoning, along with a licensing and development agreement. The amount of the investment was not disclosed, but a spokesman for the company said the deal is part of an investment strategy for Digital Reasoning to secure more venture capital funding this year.
“With the explosive growth of data over the last decade, there is a need for a new generation of solutions that provide timely, actionable intelligence at massive scale,” said T.J. Rylander, Partner on IQT’s Investments team. “The technology being developed by Digital Reasoning offers great promise to address this challenge and meet the unique needs of our customers in the U.S. Intelligence Community.”Digital Reasoning's analysitc software allows users to review facts and associations across millions of documents to identify useful information, even among coded or disguised messages. It's primarily used by the Department of Defense.
Feb 16, 2011 12:28 PM
The federal government released a report yesterday indicating that health care spending growth slowed in '09. From The New York Times:
The nation spent $2.5 trillion on health care in 2009, for an average of $8,086 a person, and the recession had a profound influence. “Many consumers decreased their use of health care goods and services, partly because they had lost employer-based private health insurance coverage and partly because their household income had declined,” said Anne B. Martin, an economist and principal author of the report, issued by the office of the actuary at the Centers for Medicare and Medicaid Services. In many cases, Ms. Martin said, people decided to “forgo health care services they could not afford.”Private health spending was down, Medicaid spending was up, and spending on prescription drugs increased quicker in '09 than in '08. Roughly 12 percent of all health care spending came out of consumers' pockets in the form of co-payments, deductibles, and products and services not covered by insurance.
Jan 6, 2011 7:47 AM
Analyst Mark Miller at William Blair says that if lawmakers don't agree to extend the recently expired unemployment benefits, consumer spending will be dented in 2011 — especially on the low end that is Dollar General's sweet spot.
"If you've been unemployed for six months, you've gone through your savings," says Heidi Shierholz, economist at the Economic Policy Institute. "You have no choice but to spend (benefits) immediately." By contrast, money given to higher-income families — say, through tax cuts — tends to deliver less economic benefit because those taxpayers typically save a big chunk of their windfall.
Dec 3, 2010 7:12 AM
The Country Music Association and the National Association of Recording Merchandisers will tomorrow host a roundtable at the Hutton on how last week's Republican victories could influence Congress' approach to issues important to the entertainment industry.
“It is impossible to overstate the differences between outgoing Judiciary Committee Chairman John Conyers, a Democrat from Detroit who grew up with Motown, and incoming Chairman Lamar Smith of Texas, whose district is the headquarters of Clear Channel,” said Program Chairman Jon Potter of RPG Strategies, who formerly headed the Digital Media Association in Washington, D.C. “We are fortunate to have high-level panelists who understand the effect of this major change on radio royalty legislation, and how Republican victories will affect net neutrality and arts funding.”
Nov 8, 2010 11:00 AM
Miller & Martin employment lawyer Kyle Young says businesses contracting with federal agencies should be prepared to present the compensation info of their top executives. The somewhat wacky thing? So should those companies' subcontractors.
Oct 8, 2010 9:50 AM
Laura Tyson, a member of President Obama's Economic Advisory Council, says the federal government should create a National Infrastructure Bank to shepherd billions into upgrading America's physical plant.
And it would help reduce the road congestion, airport delays and freight bottlenecks that reduce productivity and make the United States a less attractive place to do business. The American Society of Engineers has identified more than $2.2 trillion in public infrastructure needs nationwide, and a 2008 study by the Congressional Budget Office found that, on strict cost-benefit grounds, it would make sense to increase annual spending on transportation projects alone by 74 percent.Solid enough argument, but I can't help thinking this would have been so much more effective if set up two years ago. And you'd need several grains of salt to buy into the concept of the bank picking projects solely "on rigorous cost-benefit analysis."
Aug 30, 2010 7:26 AM
Hedge fund manager Jeff Matthews says an emphatic Republican victory in November's mid-term elections will lift the spirit of Wall Street — no surprise there — and open the door to a partial retreat from some of the provisions in the health care and financial reform bills.
Aug 11, 2010 8:31 AM
Congress passed long-awaited financial reform legislation Thursday with a 60 to 39 vote in the Senate. The measure is intended to help us avert another 2008-style financial crisis.
"We want to make sure this disaster never happens again," the Senate majority leader, Harry M. Reid of Nevada, said after the vote. "The solution has to start here." Mr. Reid added, "No more bailouts. No bank is too big to fail."The House of Representatives in June had voted 237 to 192 in favor of the bill. It now goes to President Obama's desk for approval.
Jul 16, 2010 7:00 AM
Is there anything to be made of the fact that President Obama has now appointed two women (Sebelius and DeParle) to handle the work he was going to give to one man (Tom Daschle)? Or am I just looking to stir the stew? Discuss.
Mar 2, 2009 1:53 PM