Archive for the 'Economy' Category
Is the Bay Area Pushing People to the Breaking Point?
March 25th, 2019Via: Mercury News: Despite a booming economy, pleasant climate and natural treasures, nearly two-thirds of Bay Area residents say the quality of life here has gotten worse in the last five years, according to a new poll. They cite a litany of reasons: high housing prices, traffic jams, the cost of living and homelessness. It’s […]
Pentagon: We’re Buying Boeing F-15s to Keep Two Fighter Makers in Business
March 24th, 2019Via: Defense One: The decision to buy new Boeing F-15s reflects the Pentagon’s desire to keep two American companies making fighter jets into the next decade — and not the acting defense secretary’s ties to the company, a senior defense official said Friday. The 2020 budget request contains $1.1 billion to buy eight F-15X jets, […]
U.S. Posts Largest-Ever Monthly Budget Deficit in February
March 22nd, 2019Via: Bloomberg: The U.S. posted its biggest monthly budget deficit on record last month, amid a 20 percent drop in corporate tax revenue and a boost in spending so far this fiscal year. The budget gap widened to $234 billion in February, compared with a fiscal gap of $215.2 billion a year earlier. That gap […]
While the Nation Fragments Socially, the Financial Aristocracy Rules Unimpeded
March 20th, 2019Via: Of Two Minds: The core structure of the financial aristocracy is the state-cartel, the cartels that are funded and enforced by the central state: higher education, healthcare, national defense, banking, mortgages, student loans, etc. For the financial aristocracy, the federal government is their personal enrichment machine, collecting trillions in taxes and borrowing additional trillions […]
VW Cutting Jobs, Electric Vehicles Require Fewer Workers
March 12th, 2019Via: Reuters: Volkswagen said it will cut jobs as it launches almost 70 new electric models by 2028, accelerating its rollout of zero-emission cars as earnings revealed the operating margin at its core brand had taken a hit. … “The reality is that building an electric car involves some 30 percent less effort than one […]
Thousands of Store Closures Already in 2019
March 11th, 2019Via: CNBC: Gap, Victoria’s Secret, J.C. Penney, Tesla and Abercrombie & Fitch. What do these companies have in common? They’re all closing stores this year. Already, 4,810 store closures have been announced by retailers in 2019, according to Coresight Research. And it’s only March. Last year, Coresight tracked 5,524 store closures, down more than 30 […]
FedEx Package-Delivering Robot Can Climb Stairs, Carry Hot Food, and Replace Human Workers
March 7th, 2019Via: Business Insider: FedEx revealed a cutting-edge robot on Wednesday that can deliver packages and hot food from stores and restaurants to customers’ homes. The FedEx Same-Day Bot will be hitting the streets this summer in select markets, including Memphis, Tennessee, the company said. FedEx said it collaborated with retailers including Walmart, Target, Lowe’s, Pizza […]
New Zealand: Kaitaia College Sets Solar Power Record
March 6th, 2019I tried to crack this nut several years ago. The math on system viability was simple. The news here is that they got the thing financed somehow. In the Far North, it’s not a question of the system saving money. That’s easy. In almost all situations, the customer is going to save money. A lot […]
U.S. Budget Deficit Widens 77 Percent
March 6th, 2019Via: Bloomberg: The U.S. budget deficit widened to $310 billion in the first four months of the fiscal year, underscoring the revenue hit from Republican tax cuts and an increase in government spending. The budget gap widened 77 percent compared with the same October-January period a year earlier, according to the Treasury monthly budget report […]
Trump Vows Executive Order Requiring ‘Free Speech’ at Colleges
March 2nd, 2019Via: Reuters: U.S. President Donald Trump said on Saturday he would soon sign an executive order requiring American universities and colleges to maintain “free speech” on campuses and threatened that schools not complying could lose federal research funds. … If universities do not comply “it will be very costly,” he said. The U.S. government awards […]
