Archive for the 'Economy' Category
Bank of America Opens Branches Without Employees
February 8th, 2017Via: Reuters: Bank of America Corp has opened three completely automated branches over the past month, where customers can use ATMs and have video conferences with employees at other branches, according to spokeswoman Anne Pace. Like many U.S. banks in recent years, Bank of America has been reducing its overall branch count to cut costs […]
Intel to invest $7 Billion in Factory in Arizona, Employ 3,000
February 8th, 2017Via: CNBC: Intel chief executive Brian Krzanich met with President Donald Trump on Wednesday, where the company announced it will invest $7 billion in a factory employing up to 3,000 people. The factory will be in Chandler, Arizona, the company said, and over 10,000 people in the Arizona area will support the factory. Krzanich confirmed […]
Trump Threatens to Defund ‘Out of Control’ California
February 6th, 2017Via: McClatchy: President Donald Trump is threatening to withhold federal funds from “out of control” California if the state declares itself a sanctuary state. “If we have to, we’ll defund,” Trump said in an interview with Fox News host Bill O’Reilly before the Super Bowl. “We give tremendous amounts of money to California, California in […]
Peak “Sharing” Economy
February 6th, 2017Via: Quartz: We may have already reached peak “sharing” economy. Average monthly earnings on “labor” platforms such as Uber, which use technology to match workers (like drivers) to people who need a service (like riders), peaked in June 2014, according to new data from the JPMorgan Chase Institute, the research arm of JPMorgan Chase. On […]
Inside Amazon’s Robot-Run Supermarket that Needs Just 3 Human Workers
February 6th, 2017Via: New York Post: The ground level of the futuristic prototype — a supermarket-sized version of its recently unveiled “Amazon Go” convenience store, with a bigger layout that could span anywhere between 10,000 and 40,000 square feet — would be devoted to goods that shoppers typically like to touch, sources briefed on the plans told […]
Pentagon Hasn’t Disclosed Thousands of Air Strikes by U.S. Army Helicopters and Drones
February 6th, 2017Via: Military Times: The American military has failed to publicly disclose potentially thousands of lethal airstrikes conducted over several years in Iraq, Syria and Afghanistan, a Military Times investigation has revealed. The enormous data gap raises serious doubts about transparency in reported progress against the Islamic State, al-Qaida and the Taliban, and calls into question […]
The End of Employees
February 3rd, 2017Via: Wall Street Journal: Never before have American companies tried so hard to employ so few people. The outsourcing wave that moved apparel-making jobs to China and call-center operations to India is now just as likely to happen inside companies across the U.S. and in almost every industry.
LibreTaxi: Free and Open Source Alternative to Uber/Lyft
January 31st, 2017Via: LibreTaxi: LibreTaxi makes taxi affordable by getting rid of the third party between passengers and drivers. Negotiate the price before the ride is confirmed, pay cash upon arrival. 1-minute hiring for all drivers.
Cafe X, Bringing Robots to the Coffee Shop
January 30th, 2017Via: TechCrunch: The world’s first coffee shop opened in Constantinople in 1555. Four hundred and some years later, Cafe X is putting a twist on that old barista model. Opening in San Francisco today, the startup is opting instead to have a large robotic arm craft your caffeinated potions.
Trump Signs Executive Order to Slash Regulations
January 30th, 2017Via Reuters: President Donald Trump signed an order on Monday that will seek to dramatically pare back federal regulations by requiring agencies to cut two existing regulations for every new rule introduced. “This will be the biggest such act that our country has ever seen. There will be regulation, there will be control, but it […]
