Archive for the 'Economy' Category

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Leaked ICE Guide Offers Unprecedented View of Agency’s Asset Forfeiture Tactics

October 17th, 2017

Via: The Intercept: AN INTERNAL HANDBOOK obtained by The Intercept provides a rare view into the extensive asset seizure operations of ICE’s Homeland Security Investigations, an office that trains its agents to meticulously appraise the value of property before taking it. HSI’s 71-page “Asset Forfeiture Handbook,” dated June 30, 2010, underscores the role seizures play […]

FBI Uncovered Russian Bribery Plot Before Obama Administration Approved Controversial Nuclear Deal with Moscow

October 17th, 2017

Update: Senate Judiciary Opens Probe Into Obama-Era Russian Nuclear Bribery Case — Via: The Hill: Before the Obama administration approved a controversial deal in 2010 giving Moscow control of a large swath of American uranium, the FBI had gathered substantial evidence that Russian nuclear industry officials were engaged in bribery, kickbacks, extortion and money laundering […]

Malta Car Bomb Kills Panama Papers Journalist

October 16th, 2017

Via: Guardian: The journalist who led the Panama Papers investigation into corruption in Malta was killed on Monday in a car bomb near her home. Daphne Caruana Galizia died on Monday afternoon when her car, a Peugeot 108, was destroyed by a powerful explosive device which blew the vehicle into several pieces and threw the […]

LG to Open Europe’s Biggest Car Battery Factory; Output 100,000 EV Packs Per Year

October 12th, 2017

Via: Reuters: South Korea’s LG Chem will open Europe’s largest lithium-ion battery factory in Poland next year as the region’s auto industry gears up to mass produce electric cars. … LG Chem plans to spend 5.9 billion zlotys ($1.63 billion) on the factory near the southwestern city of Wroclaw, according to Polish state industry agency […]

Self-Flying Planes May Arrive Sooner Than You Think

October 12th, 2017

Via: NBC: “What the industry is telling me is that they would like to remove one of the pilots fairly soon, and re-design the cockpit around a single pilot,” says Stephen Rice, a professor at Embry-Riddle Aeronautical University in Daytona Beach, Florida. That would involve at least a modest cockpit redesign, so that a single […]

Will Automation Put an End to the American Trucker?

October 12th, 2017

Via: Guardian: Finn Murphy, author of The Long Haul, the story of his life as a long-distance truck driver, says the days of the truck driver as we know him are coming to an end. Trucking is a $700bn industry, in which a third of costs go to compensating drivers, and, he says, if the […]

Fentanyl Maker Donates Big to Campaign Opposing Pot Legalization

October 10th, 2017

Via: U.S. News and World Report: An embattled pharmaceutical company that sells the powerful painkiller fentanyl has donated $500,000 toward defeating a ballot initiative that would make recreational use of marijuana legal under Arizona law. It’s hard to imagine a more sinister donor than Insys Therapeutics Inc. in the eyes of pot legalization proponents, who […]

Robotic Farm Completes 1st Fully Autonomous Harvest

October 8th, 2017

Via: LiveScience: It’s harvest season in many parts of the world, but on one farm in the United Kingdom, robots — not humans — are doing all the heavy lifting. At Hands Free Hectare, an experimental farm run by researchers from Harper Adams University, in the village of Edgmond in the U.K., about 5 tons […]

Our Minds Can Be Hijacked: The Tech Insiders Who Fear a Smartphone Dystopia

October 6th, 2017

Via: Guardian: There is growing concern that as well as addicting users, technology is contributing toward so-called “continuous partial attention”, severely limiting people’s ability to focus, and possibly lowering IQ. One recent study showed that the mere presence of smartphones damages cognitive capacity – even when the device is turned off. “Everyone is distracted,” Rosenstein […]

Zucktown, USA

October 4th, 2017

Via: The Baffler: Facebook, Amazon, and Google are reviving the ill-fated “company towns” of the Gilded Age.

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