Archive for the 'Economy' Category
Cost to Dismantle First Nuclear Powered Aircraft Carrier: “Up to $1.5 Billion”
August 12th, 2018Via: Popular Mechanics: Six years after decommissioning USS Enterprise, the world’s first nuclear-powered aircraft carrier, the U.S. Navy is still figuring out how to safely dismantle the ship. The General Accounting Office estimates the cost of taking apart the vessel and sending the reactors to a nuclear waste storage facility at up to $1.5 billion, […]
Ford Workers Using Exoskeleton Vests at 15 Auto Plants in Seven Countries
August 12th, 2018Via: CBS: Ford Motor Company will unveil its plan Tuesday to use wearable technology to lighten the load on some of its human workers. Exoskeleton vests are being introduced in 15 auto plants in seven countries, and the business of providing technology to augment the human workforce is expected to boom in the coming years. […]
MONSANTO ORDERED TO PAY $289 MILLION IN WORLD’S FIRST ROUNDUP CANCER TRIAL
August 10th, 2018Via: Reuters: A California jury on Friday found Monsanto liable in a lawsuit filed by a man who alleged the company’s glyphosate-based weed-killers, including Roundup, caused his cancer and ordered the company to pay $289 million in damages. The case of school groundskeeper Dewayne Johnson was the first lawsuit to go to trial alleging glyphosate […]
Fewer Than 1 in 5 Residents Can Afford a Home in Bay Area
August 9th, 2018Via: Mercury News: The Bay Area continues to lead the state in shattered home-ownership dreams. Record home prices and rising interest rates have pushed statewide home affordability rates to a 10-year-low. In the Bay Area, fewer than 1 in 5 residents can afford to buy into one of the nation’s most expensive real estate markets, […]
Psychological Techniques Used to Keep Kids Online
August 8th, 2018Parental controls. Use them. Via: AP: Children’s advocates want the American Psychological Association to condemn the tech industry’s practice of using persuasive psychological techniques to keep kids glued to their screens. The advocates, citing research that links excessive use of social media and video games with depression and academic troubles, say it’s unethical for psychologists […]
Older Americans Increasingly Filing for Bankruptcy
August 6th, 2018Via: SSRN: The social safety net for older Americans has been shrinking for the past couple decades. The risks associated with aging, reduced income, and increased healthcare costs, have been off-loaded onto older individuals. At the same time, older Americans are increasingly likely to file consumer bankruptcy, and their representation among those in bankruptcy has […]
Oil Giant Shell Leads Investment in Startup with ‘Electric Cars for Everyone’ Goal
August 6th, 2018Via: Electrek: Shell, the major British–Dutch multinational oil and gas company, has been leading several efforts having to do electric cars as it sees the auto industry transition to electric propulsion affecting its business. Now the oil giant Shell is leading an investment in a startup with the goal to make ‘Electric Cars for Everyone’ […]
Apple Breaches $1 Trillion Stock Market Valuation
August 2nd, 2018Via: Reuters: Apple Inc became the first $1 trillion publicly listed U.S. company on Thursday, crowning a decade-long rise fueled by its ubiquitous iPhone that transformed it from a niche player in personal computers into a global powerhouse spanning entertainment and communications.
A Hidden Amazon Fortune: Bezos Parents May Be Worth Billions
August 1st, 2018Via: Bloomberg: It may be the most successful venture investment of all time. In 1995, Jackie and Mike Bezos plowed $245,573 into their son’s fledgling e-commerce website, according to a prospectus two years later. It was a big gamble, Mike Bezos, the stepfather of Amazon.com Inc. founder Jeff Bezos, recalled onstage during a 2015 event […]
San Juan: The Venezuelan City Where Nothing Works Anymore
August 1st, 2018Via: AFP: Power blackouts are daily fare, running water comes only once a month, cash machines are empty and waiting for a bus can take hours. Welcome to San Juan de los Morros in Venezuela, where nothing works. “They send (running) water once a month. The rest of the time we have to buy it,” […]
