Archive for the 'Economy' Category
Google: Behavioral Sequencing
May 18th, 2018Via: The Verge: Google has built a multibillion-dollar business out of knowing everything about its users. Now, a video produced within Google and obtained by The Verge offers a stunningly ambitious and unsettling look at how some at the company envision using that information in the future. The video was made in late 2016 by […]
U.S. Birth Rate Hits All-Time Low
May 17th, 2018Via: LiveScience: The number of babies being born in the United States continues to fall, with the birth rate reaching a new record low in 2017, according to a new report from the Centers for Disease Control and Prevention. Last year, about 3.8 million babies were born in the U.S., which is 2 percent lower […]
Tesla Moves Toward Opening Manufacturing Facility in China
May 14th, 2018Gigafactory 2 announcement soon? Via: Reuters: Tesla Inc has registered a new electric car firm in Shanghai, as China prepares to scrap rules on capping foreign ownership of new-energy vehicle (NEV) ventures. The new company, Tesla (Shanghai) Co Ltd, was registered on May 10, according to a filing with the National Enterprise Credit Information Publicity […]
Tesla’s Giant Battery in Australia Reduced Grid Service Cost by 90%
May 11th, 2018Via: Electrek: Tesla’s giant Powerpack battery in Australia has been in operation for about 6 months now and we are just starting to discover the magnitude of its impact on the local energy market. A new report now shows that it reduced the cost of the grid service that it performs by 90% and it […]
Australia Weighs the Cost of Resisting China’s Meddling
May 11th, 2018Via: Bloomberg: When Chinese Premier Li Keqiang visited Australia in March 2017, he had a clear message for policy makers: There’s no need to pick sides between Washington and Beijing. More than a year later, that’s becoming ever harder for Prime Minister Malcolm Turnbull. A slew of recent media reports showed that China’s Communist Party […]
Plans Moving Forward for Miami-Dade Mega Mall: The American Dream
May 9th, 2018Ski slopes in gator country… I wish Hunter S. Thompson was here to tackle this one. Via: CBS: A mega mall and entertainment complex in Northwest Miami-Dade that would dwarf any other appears to be on course for approval, but not without controversy. It’s called the American Dream. It would be the largest mall in […]
How Silicon Valley Elite Store Billions of Dollars Worth of Bitcoin
May 9th, 2018Via: Bloomberg: Behind the guards, the blast doors and down corridors of reinforced concrete, sit the encrypted computer servers — connected to nothing — that hold keys to a vast digital fortune. Argentine entrepreneur Wences Casares has spent the past several years persuading Silicon Valley millionaires and billionaires that Bitcoin is the global currency of […]
Oil Rises Past $70
May 7th, 2018Via: Reuters: The dollar rose to fresh 2018 highs on Monday while oil prices surged to their highest since late 2014, driven by declining Venezuelan crude production and worries the Unites States could re-impose sanctions on Iran. … U.S. crude rose 73 cents to $70.45 a barrel, while Brent gained $1.22 to $76.09.
Volkswagen Doubles EV Battery Order To $48 Billion
May 4th, 2018Via: Fortune: A few hours after Elon Musk berated analysts for what he perceived as unimaginative questions, Volkswagen AG said it was writing a check for batteries that almost match Tesla’s entire market value. VW has awarded battery-purchasing contracts worth 40 billion euros ($48 billion), double from just a few weeks ago. The deals take […]
High-Paying Trade Jobs Sit Empty, While High School Grads Line Up For University
April 27th, 2018Via: NPR: Like most other American high school students, Garret Morgan had it drummed into him constantly: Go to college. Get a bachelor’s degree. “All through my life it was, ‘if you don’t go to college you’re going to end up on the streets,’ ” Morgan said. “Everybody’s so gung-ho about going to college.” So […]
