Archive for the 'Economy' Category
Amid Pandemic, Wealthy U.S. Families, Approved for Government “Relief Loans”
July 13th, 2020They’re rubbing our noses in it at this point. Via: Reuters: Among those approved: Rothschild Capital Partners LLC, a New York-based firm that manages money for its chief executive, David D. Rothschild and others, got the go-ahead for a loan of up to $350,000 to retain eight jobs. The firm managed approximately $330 million at […]
For First Time Since The Great Depression, Americans Must Wait In Line For The Most Basic Essential Items
July 12th, 2020Via: ZeroHedge: The scene can be somewhat dystopian and third world when you look at it: as a result of the pandemic and the new way that our economy is forced to do business, Americans all over the country are waiting in line – even for the most basic of essentials. For example, Bloomberg points […]
How the CIA Made Afghanistan Safe for the Opium Trade
July 12th, 2020Via: Counterpunch: American DEA agents were fully apprised of the drug running of the mujahedin in concert with Pakistani intelligence and military leaders. In 1983 the DEA’s congressional liaison, David Melocik, told a congressional committee, “You can say the rebels make their money off the sale of opium. There’s no doubt about it. These rebels […]
It Takes 3 Weeks to Escape Illinois
July 12th, 2020Via: The Street: Why 3 weeks? That’s how long it takes to reserve a one-way U-Haul outbound. “Everyone is leaving. No one is coming,” a U-Haul agent told us a few weeks ago.
The American Economy In Four Words: Neofeudal Extortion, Decline, & Collapse
July 9th, 2020Via: Of Two Minds: In sector after sector, the quality of the goods and services has declined while costs have soared. This is the acme of neofeudalism: insiders and the New Nobility are skimming fortunes as prices skyrocket and the quality of the goods and services provided plummet.
Economic Relief for Billionaires, Crooks of Every Description
July 7th, 2020Via: AFP: A centerpiece of US President Donald Trump’s economic relief program was under renewed scrutiny Tuesday following revelations it aided white-shoe lobbying firms and businesses linked to Kanye West and other billionaires. Besides West’s Yeezy brand and law firms connected to famed trial lawyer David Boies and Trump defense attorney Marc Kasowitz, recipients of […]
Open Seeds: Biopiracy and the Patenting of Life
July 7th, 2020This is from 2012. It will be old, sad news for many of you, but it’s worth a look if you are new to the topic. Via: Corbett Report Extras:
The Cost of AI Training is Improving at 50x the Speed of Moore’s Law
July 5th, 2020Via: Arc Invest: The cost to train an artificial intelligence (AI) system is improving at 50x the pace of Moore’s Law. For many use cases, the cost to run an AI inference system has collapsed to almost nil. After just five years of development, deep learning – the modern incarnation of AI – seems to […]
Record Jobs Gain of 4.8 million in June
July 2nd, 2020Via: CNBC: Nonfarm payrolls soared by 4.8 million in June and the unemployment rate fell to 11.1% as the U.S. continued its reopening from the coronavirus pandemic, the Labor Department said Thursday. Economists surveyed by Dow Jones had been expecting a 2.9 million increase and a jobless rate of 12.4%. The report was released a […]
Tesla Overtakes Toyota as the World’s Most Valuable Automaker
July 1st, 2020Via: Bloomberg: Tesla Inc. displaced Toyota Motor Corp. as the world’s most valuable automaker, underscoring investor enthusiasm for a company trying to transform an industry that’s relied on internal combustion engines for more than 130 years.
