The concept is simple: money as an email attachment. And it’s not fundamentally more capable than PayPal, which has let you send money to other people for years. But in online payments, ease counts for a lot — preexisting iTunes accounts are a large part of why the App Store caught on so quickly, for example. Which is why this, which was buried among flashier announcements about Chrome, Glass, Android, Music and Maps, might be the most important thing Google’s announced in months.
- President Obama unveiled a climate change plan on Monday that calls for federal limits on the amount of carbon power plants can produce.
- Puerto Rico has failed to make a $58 million debt payment, and credit rating agency Moody's says the U.S. territory is in default.
- The man accused of fatally shooting a Memphis, Tennessee, police officer on Saturday has turned himself in.