Archive for the 'Economy' Category
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,” […]
Ford Starts Up $4B Autonomous Vehicle Unit
July 29th, 2018Via: Oilprice.com: While Ford has been emphasizing trucks and SUVs over passenger cars, that may soon be changing over to a new business model. On Tuesday, the Detroit automaker launched Ford Autonomous Vehicles LLC to accelerate the growth of its autonomous vehicle business and to capitalize on market opportunities. The new subsidiary will receive a […]
Quantum Computing: With Just Over 2000 Qubits, “You Can Crack Bitcoin”
July 28th, 2018Disclosure: I am long Quantum Resistant Ledger. — Via: IEEE Spectrum: In response to an audience question about the future of Bitcoin in the quantum computing era, Troyer pointed out that his group calculated that once a quantum computer can be built with just over 2000 qubits, “you can crack Bitcoin.” “We joke that then […]
Facebook Down 20%
July 26th, 2018Via: BBC: Facebook shares opened sharply lower on Thursday, after the social media network warned investors of slowing revenue gains and increased spending. The firm’s shares opened down nearly 20%, a drop that wiped more than $100bn (£76bn) off Facebook’s market value. The fall also dragged down the tech-rich Nasdaq share index, which was almost […]
