Archive for the 'Economy' Category
U.S. Department of Health and Human Services Official Leading Efforts to Lower Prescription Drug Prices Found Dead
November 19th, 2018Via: cleveland.com: The Nov. 1 death of Daniel Best , a pharmaceutical executive from Bay Village who led U.S. Department of Health and Human Services efforts to lower prescription drug prices, has been ruled a suicide, officials in Washington, D.C., said Thursday. Police say Best was found “unresponsive” near the garage door exit of an […]
Household Debt Hit Record High of $13.5 Trillion Last Quarter
November 17th, 2018Via: NBC: The total debt shouldered by Americans has hit another record high, rising to $13.5 trillion in the last quarter, while an unusual jump in student-loan delinquencies could provide another signal that the nation’s economic expansion is growing old. Flows of student debt into serious delinquency — of 90 or more days — rose […]
Pentagon Fails Its First-Ever Audit
November 16th, 2018Shocker. Via: Reuters: The Pentagon has failed what is being called its first-ever comprehensive audit, a senior official said on Thursday, finding U.S. Defense Department accounting discrepancies that could take years to resolve. Results of the inspection – conducted by some 1,200 auditors and examining financial accounting on a wide range of spending including on […]
U.S. Has Spent Nearly $6 Trillion on War Since 9/11
November 14th, 2018WAR is a racket. It always has been. It is possibly the oldest, easily the most profitable, surely the most vicious. It is the only one international in scope. It is the only one in which the profits are reckoned in dollars and the losses in lives. A racket is best described, I believe, as […]
Volkswagen to Devote 3 German Plants to Electric Car Push
November 14th, 2018Via: AP: German automaker Volkswagen will convert three factories in Germany to manufacture electric cars, ramping up production of zero-local emission cars ahead of tougher European emissions standards, the company said Wednesday. Wolfsburg-based Volkswagen said Wednesday that it would begin local production of electric-powered vehicles at its facilities in Emden and Hannover in 2022. A […]
After Conquering the World, Smartphone Faces Uncertain Future
November 12th, 2018The last phone I bought was a heavily discounted Samsung Galaxy Note 4. It’s fine. I have no plans to upgrade. I’d consider buying a “modern” flagship-grade phone if it included a 3.5mm headphone jack and an easily removable back and battery. There are no high end phones with easily removable batteries and the 3.5mm […]
Robots Are Coming for Europe’s Jobs
November 12th, 2018Via: Bloomberg: Robots are coming for people’s jobs in Europe, and the countries in the ex-communist east are particularly vulnerable. With the use of industrial robots rising globally, the average worker in Slovakia — the world’s top car producer per capita — faces a 62 percent median probability that his or her job will be […]
Alarm Over Talks to Implant UK Employees with Microchips
November 11th, 2018Via: Guardian: Britain’s biggest employer organisation and main trade union body have sounded the alarm over the prospect of British companies implanting staff with microchips to improve security. UK firm BioTeq, which offers the implants to businesses and individuals, has already fitted 150 implants in the UK. The tiny chips, implanted in the flesh between […]
U.S. Crude Oil Posts Longest Losing Streak in Over 34 Years, Falling for 10th Day
November 9th, 2018Via: CNBC: U.S. crude prices fell Friday for a 10th consecutive session, sinking deeper into bear market territory and wiping out the benchmark’s gains for the year. The 10-day decline is the longest losing streak for U.S. crude since mid-1984, according to Refinitiv data. … U.S. West Texas Intermediate crude settled 48 cents lower at […]
Underperforming Chinese Workers Made to Drink Urine, Eat Bugs
November 8th, 2018Via: Reuters: Workers at a Chinese home renovation company who failed to complete their tasks had to drink urine, eat cockroaches or get whipped by a belt. Others had to shave their heads or drink water from a toilet bowl and had their salaries withheld by a month, according to images and videos on Chinese […]
