This will be followed by dry and much cooler weather through midweek. Daily highs near 80 and morning lows in the 50s. Fall officially ... More...
Hackanooga 2012: Ignite Chattanooga Hack Days Aims to Build Apps of the Future
Hackanooga 2012, Chattanooga’s first-ever hackathon, kicks off Sept. 14. Presented by U.S. Ignite and Mozilla, and sponsored by EPB, Chattanooga Area Chamber of Commerce, the National Science Foundation , CO.LAB, Lamp Post Group and Easy Designs, the 48-hour event will connect experienced web developers to Chattanooga’s unique one-gigabit-per-second Internet speed.
Hailing from across the nation and overseas, 80 hackers will form teams and leverage the power of the Gig to prototype apps that require high bandwidth or use big data. Potential projects have been identified in areas such as education, clean energy, healthcare and public safety.
“We are very excited to work with the Chattanooga community – experimenting, hacking and tinkering on the city's leading-edge gigabit network,” said Ben Moskowitz, Media Program Officer for Mozilla. “We're proud to be part of the effort to create new public benefit applications with transformative potential. The work we do here will hopefully provide roadmaps and building blocks for those future apps.”
In June, Chattanooga teamed up with U.S. Ignite, a federally funded, public-private initiative that promotes the development of apps and services for ultra-fast broadband networks. As part of the initiative, Mozilla and the National Science Foundation are hosting Mozilla Ignite, an open innovation challenge, with the goal of building apps that demonstrate the full potential of next-generation networks.
Ideas generated during Hackanooga could evolve into submissions for the Mozilla Ignite challenge, which offers $485,000 in awards as well as mentorship opportunities to help get apps off the ground.
“That’s one of the main purposes,” said Kelly McCarthy, Hackanooga organizer and Co-owner of Easy Designs. “Our hope is that people will make something that’s truly innovative and submit it to the competition.”
In the past several weeks, Hackanooga has partnered with Chattanooga organizations to come up with some big ideas that the hackers can use as a starting point. Potential projects also were born out of the Gigabit Apps Design Jam, a community-wide brainstorm session that took place in August at CO.LAB.
Some of the suggested apps are Chattanooga-focused, such as the “City Budget Visualizer.” The app would use advanced algorithms to help politicians – and citizens – visualize how particular budget choices affect Chattanooga’s taxes, services and infrastructure over a period of time. If viable, it could have implications far beyond the Gig City.
Other ideas include a system for improved medical self-monitoring, as well as an advanced, multi-media auction site – a new spin on eBay-like forums that would utilize video, sound, 3-D renderings and playable demos.
“Hackanooga further builds Chattanooga’s position as an emerging tech hub,” said J.Ed. Marston of the Chattanooga Chamber. “When combined with Chattanooga’s community-wide gig network, events like Hackanooga provide another compelling reason for talented developers to start taking a serious look at Chattanooga.”
More Business News
Last Update on September 19, 2014 17:24 GMT
NEW YORK (AP) -- Alibaba's stock is surging as the Chinese e-commerce powerhouse begins its first day trading as a public company.
The stock opened at $92.70 on the New York Stock Exchange this morning, up 36 percent from the initial $68 per share price set Thursday evening.
At that price the company would be worth $228.5 billion, more than companies such as Amazon, Ebay and even Facebook.
On Thursday, Alibaba and the investment bankers arranging the IPO settled on a price of $68 per share. The company and its early investors raised $21.8 billion in the offering, which valued Alibaba at $168 billion in one of the world's biggest ever initial public offerings.
But after a two-hour trading delay due to strong demand, it opened much higher than that price. If the stock closes at $92.70, the IPO will have raised close to $30 billion.
WASHINGTON (AP) -- A gauge designed to predict the economy's future health rose in August but at a much slower pace than in July.
The Conference Board says its index of leading indicators rose 0.2 percent in August, the seventh straight increase. But that was much slower than the revised 1.1 percent gain in July.
Conference Board economist Ken Goldstein says even with the slowdown in August, the index shows the economy is still gaining traction.
WASHINGTON (AP) -- Unemployment rates rose in nearly half of U.S. states in August, even as employers in two-thirds of the states added jobs.
The Labor Department says unemployment increased in 24 states, fell in 15 and was unchanged in 11. Hiring picked up in 35 states, while it fell in 15.
Unemployment rates can rise even when hiring increases if more people start looking for work and don't immediately find jobs. The figures suggest hiring was broad-based across most regions of the country last month, even as nationwide job gains in August were the weakest this year.
Georgia reported the nation's highest unemployment rate, at 8.1 percent, followed by Mississippi at 7.9 percent. That's the first time Georgia has had the highest rate since the Great Recession ended.
LONDON (AP) -- Businesses and investors have reacted with relief to Scotland's decision to reject independence from the United Kingdom.
The No campaign won 55 percent of the votes cast in Thursday's referendum. The 10-point victory margin was wider than expected -- most opinion polls on the eve of the vote showed a narrower 4-point victory.
British stocks responded positively to the news Friday, with the FTSE 100 index up 0.3 percent. Royal Bank of Scotland shares were up, and the bank, which is majority-owned by the U.K. government, said it was "business as usual" for its customers.
Some had warned that if Scotland left, uncertainty over the future value of the British pound and government debt would have rattled the U.K economy.
In the currency markets, the pound was solid too, rising to a two-year high against the euro.
IRVING, Texas (AP) -- Exxon Mobil says it will stop drilling an exploratory well in Russia's Kara Sea in compliance with U.S. sanctions against Russia over Russia's involvement in the Ukraine.
Exxon planned to drill the well between August and October. The latest round of sanctions called for the removal of U.S. workers on projects in the Russian Arctic by Sept. 26.
Exxon says it has received a license from the U.S. Treasury Department to wind down operations, but it is unclear whether the license will allow Exxon to stop drilling on the schedule it had already laid out. Exxon could not be immediately reached for comment.
NEW YORK (AP) -- The maker of Pabst Blue Ribbon beer is being sold to Russian company Oasis Beverages for an undisclosed sum.
In addition to its namesake beer, Pabst Brewing Co. makes Colt 45, Old Milwaukee and Schlitz. Pabst was acquired in 2010 by C. Dean Metropoulos & Co., which is known for investing in food brands.
Pabst Brewing, now based in Los Angeles, traces its roots back to 1844 in Milwaukee. Since purchasing it in 2010, Metropoulos has enlisted comedian Will Ferrell to market the company's beers. Pabst Blue Ribbon has also grown in popularity in part for its blue-collar appeal and cheap price.
Oasis is buying Pabst with TSG, an investment firm known for its work with consumer products companies. TSG Consumer Partners will take a minority stake in Pabst.
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