Archive for the 'Economy' Category
GM Announces Electric Pickup, Hours Ahead of Tesla’s Pickup Announcement
November 21st, 2019Via: Electrek: Speaking at an investor conference today, GM CEO Mary Barra said that the company’s first electric pickup truck will “go on sale” in “the fall of 2021.” She said that she sees demand for electric pickup trucks: “General Motors understands truck buyers and… people who are new coming into the truck market,” The […]
Millennials Seeing Health Decline Faster Than Gen X
November 20th, 2019More vaccines. More profits generated from the victims seeking treatments from the people who poisoned them in the first place. Mission accomplished. Via: Yahoo Finance: The declining health of the millennial generation could have a serious impact on the U.S. health care system, according to experts. “Millennials are seeing their health decline faster than the […]
Billionaires Seek Secure Storage Facilities for Possessions
November 20th, 2019Via: Bloomberg: A few blocks from Grosvenor Square in Mayfair, 46 Park Lane resembles a private club with wood-paneled walls and an ornate fireplace dating back to Britain’s Victorian era. But down a flight of stairs is one of the most secure rooms in London. Built by IBV International Vaults, the steel-walled stronghold is scheduled […]
Heliogen Achieves Breakthrough Temperatures from Concentrated Sunlight for Industrial Processes
November 19th, 2019The Heliogen website says, “Can be scaled from sizes as low as 1 MW to several gigawatts.” Several gigawatts??? “I see broken heliostats. Lots of broken heliostats.” Anyway, if there is some “secret sauce” here, I can’t tell what it is. Although this gets above 1000C, you have all of the problems with concentrated solar, […]
U.S. Restaurants Remove Dining Rooms as More People Use Food Delivery Apps
November 16th, 2019Via: Reuters: Restaurants are doing away with dining rooms as consumers increasingly order food deliveries through apps such as Uber Technologies Inc’s Uber Eats and GrubHub Inc.
Bank of America Merrill Lynch: Automation Could Replace 800 Million Jobs by 2035
November 15th, 2019Via: Yahoo Finance: Some half of all jobs worldwide — or up to 800 million total jobs — could be at risk of becoming obsolete by 2035 due to the rise of automation. That’s the assessment from a new report written by Bank of America Merrill Lynch (BAC) analysts highlighting 10 themes to watch for […]
Now Daimler Is Dialing Back Expectations for Self-Driving Taxis
November 15th, 2019Via: Ars Technica: Daimler is planning to “rightsize” its spending on self-driving taxis, Chairman Ola Källenius said on Thursday. Getting self-driving cars to operate safely in complex urban environments has proved more challenging than people expected a few years ago, he admitted. “There has been a reality check setting in here,” Källenius said, according to […]
NASA Report Finds Boeing Seat Prices Are 60% Higher Than SpaceX
November 15th, 2019Via: Ars Technica: On Thursday, NASA’s inspector general released a report on the space agency’s commercial crew program, which seeks to pay Boeing and SpaceX to develop vehicles to transport astronauts to the International Space Station. Although the report cites the usual technical issues that the companies are having with the development of their respective […]
Amazon Challenges Pentagon’s $10-billion Cloud Award to Microsoft
November 15th, 2019Via: Reuters: Amazon.com Inc on Thursday said it is contesting the Pentagon’s award of an up to $10 billion cloud computing deal to Microsoft Corp, expressing concern that politics got in the way of a fair contracting process. The company filed notice last Friday that it will formally protest the decision on the Joint Enterprise […]
70% of Americans Say They Are Struggling Financially
November 14th, 2019Via: CBS: Many Americans remain in precarious financial shape even as the economy continues to grow, with 7 of 10 saying they struggling with at least one aspect of financial stability, such as paying bills or saving money. The findings come from a survey of more than 5,400 Americans from the Financial Health Network, a […]
