Archive for the 'Elite' Category
Canada: Bill C-22, Nuclear Companies Win the Jackpot
March 26th, 2014Update: Current Liability Is Only $75 Million J sent this piece in from HazMat Management: The federal government has introduced legislation that will dramatically boost the civil liability ceiling for nuclear operators from $75 million to $1 billion. — Via: Huffington Post: Imagine you could go to Las Vegas, and it didn’t matter how much […]
Apple and Google’s Wage-Fixing Cartel Involved Dozens More Companies, Over One Million Employees
March 23rd, 2014Via: Pando Daily: Back in January, I wrote about “The Techtopus” — an illegal agreement between seven tech giants, including Apple, Google, and Intel, to suppress wages for tens of thousands of tech employees. The agreement prompted a Department of Justice investigation, resulting in a settlement in which the companies agreed to curb their restricting […]
Bill Gates on Automation Eliminating Jobs: “Labor Demand for Lots of Skill Sets Will be Substantially Lower”
March 15th, 2014Via: Business Insider: Big changes are coming to the labour market that people and governments aren’t prepared for, Bill Gates believes. Speaking at Washington, D.C., economic think tank The American Enterprise Institute on Thursday, Gates said than within 20 years, a lot of jobs will go away, replaced by software automation (“bots” in tech slang, […]
Drones Will Cause an Upheaval of Society Like we Haven’t Seen in 700 Years
March 13th, 2014Via: Quartz: The human race is on the brink of momentous and dire change. It is a change that potentially smashes our institutions and warps our society beyond recognition. It is also a change to which almost no one is paying attention. I’m talking about the coming obsolescence of the gun-wielding human infantryman as a […]
Britain: One of Prime Minister’s Closest Aides Arrested, Allegations Related to Child Porn
March 12th, 2014Via: Telegraph: One of David Cameron’s closest aides has been arrested on suspicion of offences relating to child pornography. Patrick Rock, who was one of the government’s advisors on policy for online pornography filters, was arrested last month after police examined computers in No 10 Downing Street. Mr Rock resigned as a policy advisor to […]
How Wall Street Has Turned Housing Into a Dangerous Get-Rich-Quick Scheme—Again
March 12th, 2014Via: Mother Jones: You can hardly turn on the television or open a newspaper without hearing about the nation’s impressive, much celebrated housing recovery. Home prices are rising! New construction has started! The crisis is over! Yet beneath the fanfare, a whole new get-rich-quick scheme is brewing. Over the last year and a half, Wall […]
Rapid Advances in Artificial Intelligence and Job Losses
March 4th, 2014Via: Financial Times: The impact of IT and automation on the world of work – and dire warnings about the job destruction they might cause – are as old as the technology itself. But the convergence of a number of tech trends has made the threat more immediate. As a result, 47 per cent of […]
The Derelict Mansions on Britain’s Billionaires’ Row
March 2nd, 2014Via: CNN: A third of the houses on Britain’s second most expensive street are lying vacant, many abandoned for decades and left to rot. Behind the padlocked gates and long driveways, up to 20 mansions stand empty on London’s The Bishops Avenue, despite a reported combined value of around £350 million ($582 million). Dubbed “Billionaires’ […]
Gold Fix Study Shows Signs of Decade of Bank Manipulation
March 1st, 2014Via: Bloomberg: The London gold fix, the benchmark used by miners, jewelers and central banks to value the metal, may have been manipulated for a decade by the banks setting it, researchers say. Unusual trading patterns around 3 p.m. in London, when the so-called afternoon fix is set on a private conference call between five […]
Exxon CEO Tries to Stop Fracking Near His Land
February 26th, 2014Via: Globe and Mail: Rex Tillerson’s company may be a big player in fracking, but the chief executive of Exxon Mobil Corp. has a problem with what the related issues could mean to the value of his ranch. The chief executive officer of Exxon Mobil Corp., a major player where the controversial technique is concerned, […]
