Archive for the 'Economy' Category

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U.S. Treasury Set to Borrow Nearly $1 Trillion This Year

February 5th, 2018

Via: CNBC: Don’t look now, but the U.S. government needs to borrow more money at exactly the wrong moment — when interest rates are spiking. Last week, in a development first reported by The Washington Post, the Treasury Department quietly released data estimating its 2018 borrowing needs would check in at $955 billion, then top […]

The Breakneck Rise of China’s Colossus of Electric-Car Batteries

February 3rd, 2018

Via: Bloomberg: The next global powerhouse in the auto industry comes from a small city in a tea-growing province of southeast China, where an unheralded maker of electric-vehicle batteries is planning a $1.3 billion factory with enough capacity to surpass the output of Tesla and dwarf the suppliers for battery-powered cars by GM, Nissan and […]

Stockton Gets Ready to Experiment With Universal Basic Income

January 29th, 2018

Via: KQED: Wage stagnation. Rising housing prices. Loss of middle-class jobs. The looming threat of automation. These are some of the problems facing Stockton and its residents, but the city’s mayor, Michael Tubbs, says his city is far from unique. “I think Stockton is absolutely ground zero for a lot of the issues we are […]

U.S. Government Owned 5G Network?

January 29th, 2018

Update: Trump Team Idea to Nationalize 5G Network to Counter China Is Rejected — Via: Reuters: President Donald Trump’s national security team is looking at options to counter the threat of China spying on U.S. phone calls that include the government building a super-fast 5G wireless network, a senior administration official said on Sunday. The […]

Trump Attends World Economic Forum

January 25th, 2018

Via: Reuters: Donald Trump flew into the sanctum of the global elite on Thursday to promote his tax cuts and deregulation policies to CEOs and bankers, many of whom are eager to invest in the United States despite reservations about his turbulent presidency. The first sitting U.S. president to visit the World Economic Forum in […]

Biggest Washington DC Lobbyist Is Now Google

January 25th, 2018

Via: Register: For the first time, an internet company has become the largest lobbyist in Washington DC. With the release of fourth quarter lobbying figures – a legal requirement – it has been revealed that Google (well, Alphabet) spent no less than $18m in 2017 to lobby lawmakers in the US capital: a 17 per […]

Homeless Camps Along Santa Ana River in Orange County

January 19th, 2018

Via: ZeroHedge:

Wealthy Exodus to Escape New Tax Rules Worries California Democrats

January 19th, 2018

Via: Sacramento Bee: The state’s wealthiest 1 percent, for instance, pay 48 percent of its income tax, and the departure of just a few families could lead to a noticeable hit to state general fund revenue. “It is a genuine concern and that’s why the legislatures in high-tax states are swinging into action immediately,” said […]

Why Some African Americans Are Moving to Africa

January 19th, 2018

Via: Al Jazeera: You might not have electricity, but you won’t get killed by the police either. … “I think more will come when they begin to see it as a viable alternative. But it’s not easy and it’s not cheap. I can’t say what’s happening in America today is any worse than what’s been […]

Miami: Dirty Gold, Clean Cash

January 17th, 2018

I’m ticking Covert Operations on this one, just in case. 😉 Via: Miami Herald: When Juan Granda ventured into Peru’s Amazon rainforest to score another illicit load of gold, he boasted that he felt like legendary Colombian drug lord Pablo Escobar. “I’m like Pablo coming … to get the coke,” he told two co-workers in […]

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