Archive for the 'Economy' Category
Los Angeles Is Spending Over $1 Billion To House the Homeless. It’s Failing.
December 7th, 2019Via: Reason: The city initially ballparked the permanent units at a median cost of $350,000 a piece. Three years later, the estimated cost rose to more than half a million per unit. Some units are approaching $700,000 each. Andy Bales says he saw it coming. “I was a critic 10 years ago of this plan […]
Chinese Scientists Create Monkey-Pig Chimeras
December 7th, 2019Via: New Scientist: Pig-primate chimeras have been born live for the first time but died within a week. The two piglets, created by a team in China, looked normal although a small proportion of their cells were derived from cynomolgus monkeys. “This is the first report of full-term pig-monkey chimeras,” says Tang Hai at the […]
In the Age of AI
December 7th, 2019Here’s one line from the film that sums up the situation: “I’m pretty confident that we are never again going to have this large, stable, prosperous middle class doing routine work.” Via: Frontline PBS: A documentary exploring how artificial intelligence is changing life as we know it — from jobs to privacy to a growing […]
Cloud Kitchens: Facilities That Prepare Food Only for Delivery
December 6th, 2019Via: Food Corridor: Introducing cloud kitchens, commercial facilities purpose-built to produce food specifically for delivery. These commissary kitchens are sometimes also known as ghost kitchens, shared kitchens, or virtual kitchens with the delivery-only food brands operating within them called virtual restaurants. Maybe you’re thinking: “this is nothing new” and in a way, you are right. […]
GM and LG in Joint Venture to Build Massive Electric Vehicle Battery Factory in Ohio
December 5th, 2019Via: CNBC: General Motors and LG Chem will invest up to $2.3 billion by 2023 to form a joint venture for production of battery cells for electric vehicles in Ohio. The companies plan to build a battery cell factory in the Lordstown-area of northeast Ohio. Construction of the plant, which is expected to be among […]
The H&K MP5 Comes Back to the USA as the SP5
December 5th, 2019$2800. That’s pretty nuts. I remember HK94s for $650-$750 around 1985. Plug $750 in 1985 into the inflation calculator and that’s $1793 in 2019. HK is definitely milking it.
Carmakers Shed 80,000 Jobs as Electric Shift Upends Industry
December 4th, 2019Via: Bloomberg: It’s turning out to be one of the worst years ever for auto workers across the globe amid shrinking demand and a tectonic shift in vehicle technology, with Daimler AG and Audi announcing almost 20,000 job cuts in just the past week. All told, carmakers are eliminating more than 80,000 jobs during the […]
Merck’s Insurers Treat Ransomware Takedown as Act of War
December 4th, 2019Schadenfreude? Maybe a little. Ok, a lot. Via: Bloomberg: Merck did what any of us would do when facing a disaster: It turned to its insurers. After all, through its property policies, the company was covered—after a $150 million deductible—to the tune of $1.75 billion for catastrophic risks including the destruction of computer data, coding, […]
U.S. Navy Buying 9 New Nuclear Submarines for $22 Billion, Largest Warship Building Deal Ever
December 4th, 2019So it goes… Via: Popular Mechanics: The U.S. Navy has just signed the largest warship building deal ever. The service will pay more than 20 billion dollars for nine new Virginia-class attack submarines. The submarines will replace Cold War-era Los Angeles-class boats in America’s submarine fleet, adding new technology and greater firepower. Many of the […]
Thomas Bowers: Epstein Connection to Dead Trump Banker [???]
December 3rd, 2019Related: “Deutsche Bank Executive Who Signed Off On Trump Loans Kills Himself At Age 55” Via: TruePundit: Bowers headed the private wealth banking division for Deutsche Bank and signed off on millions in loans to Epstein. Bowers, prior to taking over the private banking arm at Deutsche Bank, served in the same top position at […]
