Archive for the 'Economy' Category
Trump to Designate Mexican Drug Cartels as Terrorist Groups
December 1st, 2019Wikipedia plot summary from Tom Clancy’s Clear and Present Danger, 1988: The President of the United States, who is running for reelection, finds a fierce opponent in Ohio Governor J. Robert Fowler, who has rallied the American public behind his administration’s failures in the War on Drugs. This provides National Security Advisor James Cutter with […]
Germany Plans Rapid State Intervention to Protect Key Industries – From China
November 29th, 2019Via: Reuters: German Economy Minister Peter Altmaier wants to set up a new government body with powers to decide quickly whether to take stakes in key domestic companies to prevent foreign takeovers. Altmaier presented his new industrial strategy on Friday, including plans to set up a standing committee which, as a last resort, could decide […]
Northland New Zealand Housing Crisis: People Living in Trees, Car Ports, Old Cars
November 28th, 2019The commentary I wrote back in 2018 describes why this is happening. Of course, the situation has only gotten worse since then. Via: Radio New Zealand: New Zealand government MPs have heard that the housing situation in Northland has become so desperate some families are living in the woods, in huts built in the forks […]
Trump Approves Legislation Backing Hong Kong Protesters
November 27th, 2019Via: Reuters: U.S. President Donald Trump on Wednesday signed into law congressional legislation backing protesters in Hong Kong despite angry objections from Beijing, with which he is seeking a deal to end a damaging trade war. More: China Warns U.S. of Retaliation for Law Backing Hong Kong Protesters
“Deutsche Bank Executive Who Signed Off On Trump Loans Kills Himself At Age 55”
November 27th, 2019Update: Deutsche Bank Executive, 55, Who Signed Off on Controversial Donald Trump Loans Commits Suicide in His Malibu Home — Rosemary Vrablic was introduced to Trump by Jared Kushner. She would go on to facilitate over $300 million in loans to Trump. Thomas Bowers was Rosemary Vrablic’s boss at Deutsche Bank. At this time, there […]
New York: FedEx Receives Cease-and-Desist Order Over Robot Delivery Marketing Stunt
November 27th, 2019Via: Fast Company: The tech industry’s perennial fantasy of replacing delivery workers with cutesy robots hasn’t quite panned out yet, but that didn’t stop FedEx from coming out with its own autonomous delivery machine and plopping one on a busy Manhattan sidewalk last week. The robot’s New York City debut was just a marketing stunt, […]
Hundreds of Banks and Government Sites Burned in Iran Unrest
November 27th, 2019Via: Reuters: Approximately 731 banks and 140 government sites were torched in recent unrest in Iran, Interior Minister Abdolreza Rahmani Fazli said in remarks published by the official IRNA news agency on Wednesday. More than 50 bases used by security forces were attacked and approximately 70 gas stations were also burned, he said, without specifying […]
Black Friday Deals? 48 Million Americans Still Paying Off Debt from Last Christmas
November 27th, 2019Via: Nerd Wallet: Nearly 3 in 5 (59%) 2018 holiday shoppers incurred some credit card debt during the 2018 holiday season, and 35% of those who did say they’re still working to get it paid off, according to the survey. That’s 48 million Americans still paying off credit card debt from the 2018 holiday season. […]
Ford Can Only Produce a Maximum of 50,000 Mustang Mach E Electric Vehicles in First Year Due to Battery Constraints
November 27th, 2019Via: SlashGear: Battery constraints will limit the number of Mustang Mach-E electric SUVs in Ford’s first year of production, the automaker has confirmed. … Joe Hinrichs, Ford President of Automotive, confirmed that the first year of production would top out at around 50,000 of the SUVs. That’ll be shared globally around all of the markets […]
Audi to Cut 10% of Workers to Fund Shift to Electric Vehicles
November 26th, 2019Via: Reuters: Volkswagen’s luxury car unit Audi on Tuesday said it would cut one in ten jobs, freeing up billions of euros to fund its shift toward electric vehicle production.
