Archive for the 'Economy' Category

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BitTorrent Inventor Announces Bitcoin Competitor Chia

November 9th, 2017

Via: TechCrunch: A bitcoin transaction wastes as much electricity as it takes to power an American home for a week, and legendary coder Bram Cohen wants to fix that. And considering he invented the ubiquitous peer-to-peer file transfer protocol BitTorrent, you should take him seriously. Cohen has just started a new company called Chia Network […]

Big Data Meets Big Brother as China Moves to Rate Its Citizens

November 8th, 2017

Behold, the biggest Magic 8 Ball ever. Via: Wired: On June 14, 2014, the State Council of China published an ominous-sounding document called “Planning Outline for the Construction of a Social Credit System”. In the way of Chinese policy documents, it was a lengthy and rather dry affair, but it contained a radical idea. What […]

Paradise Papers

November 5th, 2017

Via: Guardian: The world’s biggest businesses, heads of state and global figures in politics, entertainment and sport who have sheltered their wealth in secretive tax havens are being revealed this week in a major new investigation into Britain’s offshore empires. The details come from a leak of 13.4m files that expose the global environments in […]

Saudi Billionaire Prince Alwaleed, Former Ministers Detained in Corruption Probe

November 5th, 2017

What is this? Nipping a coup in the bud? Via: Reuters: One of Saudi Arabia’s most prominent businessmen and a former finance minister are among dozens detained in a probe by a new anti-corruption body, a senior Saudi official said on Sunday. The official, who declined to be identified under briefing rules, said billionaire Prince […]

Cobalt, Ontario

October 31st, 2017

Via: Bloomberg: Ironically, Cobalt, Ontario—population 1,100—was built on silver. Remnants of a boom that transformed the town more than a century ago are everywhere. A mine headframe still protrudes from the roof of the bookstore, which was previously a grocery. The butcher used to toss unwanted bones down an abandoned 350-foot shaft in the middle […]

Robots to Work in 50 Wal-Marts

October 30th, 2017

Via: Arkansas Online: Wal-Mart Stores Inc. customers in a few Arkansas stores will soon cross paths with robots roaming the aisles. The Bentonville company said it will begin using autonomous devices in about 50 stores next month that are programmed to scan store shelves and identify things like out-of-stock items or products incorrectly priced or […]

Nothing to Hide

October 29th, 2017

Via: Vimeo: NOTHING TO HIDE (Oct. 2016) is an independent documentary dealing with surveillance and its acceptance by the general public through the “I have nothing to hide” argument.

Alphabet’s Waymo Will Test Self-Driving Cars in Snowy Detroit

October 27th, 2017

Via: Bloomberg: The self-driving cars Google designed are going to the snow — and the seat of the car industry. Alphabet Inc.’s Waymo, the vehicle arm of Google’s parent, announced on Thursday that it will start testing its autonomous Chrysler minivans on roads in the greater Detroit area. Michigan will be the sixth state where […]

Former FDA Commissioner Charged in RICO Lawsuit

October 25th, 2017

Via: AHRP: A Federal Lawsuit charges Dr. Margaret Hamburg, former Commissioner of the Food and Drug Administration (FDA) with conspiracy, racketeering & colluding to conceal deadly drug dangers – under the federal Racketeer Influenced and Corrupt Organizations law (RICO) law. The amended RICO lawsuit was filed on April 11, 2016 in the U.S. District Court […]

China Speeds Ahead of U.S. as Quantum Computing Race Escalates

October 23rd, 2017

Via: McClatchy: U.S. and other Western scientists voice awe, and even alarm, at China’s quickening advances and spending on quantum communications and computing, revolutionary technologies that could give a huge military and commercial advantage to the nation that conquers them. The concerns echo — although to a lesser degree — the shock in the West […]

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