Archive for the 'Economy' Category
Hackers Broke Into an SEC Database and Made Millions from Inside Information
January 16th, 2019Background: Insider Crimes, Funny Money and Options Rackets They Made a Killing: The Use of Knowledge of Covert Operations in the Stock Market I’m practically positive that there are roomfulls of traders with TS/SCI clearances who do this on a level that is unthinkable to even the most sophisticated crooks on the outside. My guess […]
Ford Planning Pure Electric and Hybrid F-Series Trucks
January 16th, 2019With Ford, who wants to increasingly focus on milking truck profits, it could get ugly over there in a couple of years when Rivian and Tesla enter the pickup truck market. Ford only has a hybrid F-150 planned for 2020. —Rivian R1T All-Electric Pickup Truck Thanks, Elon. Via: Detroit Free Press: Ford Motor Co. confirmed […]
China Turns to Driverless Tractors, Combines to Overhaul Agriculture
January 16th, 2019Via: Reuters: A brand new combine harvester buzzes up and down a field in eastern China without a driver on board, chopping golden rice stalks and offering a glimpse of what authorities say is the automated future of the nation’s mammoth agricultural sector. The bright green prototype was operating last autumn during a trial of […]
U.S. Trade Deficit with China Worst Ever
January 14th, 2019Via: CNBC: China announced Monday that its 2018 trade surplus with the United States was its largest in more than a decade, despite the tariff war initiated by President Donald Trump against Beijing. China’s surplus with the U.S. grew 17 percent from a year ago to hit $323.32 billion in 2018, according to government data. […]
The Super-Secure Quantum Cable Hiding in the Holland Tunnel
January 14th, 2019Via: Bloomberg: Commuters inching through rush-hour traffic in the Holland Tunnel between Lower Manhattan and New Jersey don’t know it, but a technology likely to be the future of communication is being tested right outside their car windows. Running through the tunnel is a fiber-optic cable that harnesses the power of quantum mechanics to protect […]
Pentagon Prepares Options to Build Border Wall as Trump Weighs Emergency Declaration
January 11th, 2019Via: USA Today: The Pentagon is preparing options to build barriers on the southern border in the event that President Donald Trump declares a national emergency there, the latest indication such a move is gaining traction within the administration. “The Department of Defense is reviewing available authorities and funding mechanisms to identify options to enable […]
GM’s Cadillac Will Introduce EV in Fight Against Tesla
January 11th, 2019Good luck with that. Via: Reuters: Cadillac is expected to become General Motors Co’s (GM.N) lead electric vehicle brand as the largest U.S. automaker gears up to introduce a new model under that luxury marquee to challenge Tesla Inc, two people briefed on the matter said Thursday. GM is set to announce Friday as part […]
Former Insys CEO Pleads Guilty to Opioid Kickback Scheme
January 10th, 2019Via: Reuters: The former chief executive of Insys Therapeutics Inc (INSY.O) pleaded guilty on Wednesday to participating in a nationwide scheme to bribe doctors to prescribe an addictive opioid medication and has agreed to become a government witness. … Prosecutors allege that from 2012 to 2015, Kapoor, Babich and others conspired to pay doctors bribes […]
French Protesters Want to Set Off Bank Run with Withdrawals
January 9th, 2019Via: AP: Activists from a French protest movement encouraged supporters Wednesday to set off a bank run by emptying their accounts, while the government urged citizens to express their discontent in a national debate instead of weekly demonstrations disrupting the streets of Paris. Activists from the yellow vest movement, which started with protests over fuel […]
Kenya Will Start Teaching Chinese to Elementary School Students from 2020
January 9th, 2019Via: Quartz: Kenya will teach Mandarin in classrooms in a bid to improve job competitiveness and facilitate better trade and connection with China. The country’s curriculum development institute (KICD) has said the design and scope of the mandarin syllabus have been completed and will be rolled in out in 2020. Primary school pupils from grade […]
