Archive for the 'Economy' Category
Open Thread: Donald Trump Sworn in as 45th President of the United States
January 20th, 2017Via: AP: Pledging to empower America’s “forgotten men and women,” Donald Trump was sworn in as the 45th president of the United States Friday, taking command of a deeply divided nation and ushering in an unpredictable era in Washington. His victory gives Republicans control of the White House for the first time in eight years. […]
Elite at Davos Freak Out Over Populism
January 18th, 2017Via: Bloomberg: On the second day of the World Economic Forum’s annual meeting in the Swiss Alps, delegates disagreed on how best to address the upending of the western political order, a debate made doubly urgent by the string of elections in Europe this year where anti-establishment parties could gain more ground. While International Monetary […]
Rolls-Royce to Pay £671 Million Over Bribery Claims
January 16th, 2017Via: Guardian: Rolls-Royce, Britain’s leading multinational manufacturer, is to pay £671m in penalties after long-running investigations into claims it paid bribes to land export contracts. The settlement means the engineering giant will avoid being prosecuted by anti-corruption investigators in the UK, US and Brazil, though individual executives may still be charged. It comes five years […]
8 Men as Rich as Half the World
January 15th, 2017Get yourself a side hustle and a podshare. Via: ABC: The gap between the super-rich and the poorest half of the global population is starker than previously thought, with just eight men, from Bill Gates to Michael Bloomberg, owning as much wealth as 3.6 billion people, according to an analysis by Oxfam released Monday. Presenting […]
‘Side Hustle’ as a Sign of the Apocalypse
January 14th, 2017Definitely related: L.A. Coliving: PodShare Via: Medium: “These days, everyone needs a side hustle,” starts the Uber commercial recruiting new drivers. And it’s got bouncy music and the dude is hip and it makes it sound like this is super fun and I’m sitting there thinking: Are they seriously trying to make a “second job” […]
Facebook: Building 8
January 12th, 2017Wikipedia: Transcranial Pulsed Ultrasound: Defense Advanced Research Projects Agency (DARPA) is undergoing research to develop a helmet that could control the minds of soldiers through the use of TPU. It would have the potential to control a soldier’s stress and anxiety levels with the click of a remote controlled button.[5] Sound waves would target specific […]
L.A. Coliving: PodShare
January 11th, 2017This looks like someone turned a Kafkaesque Japanese capsule hotel inside out and dressed it up with some hip millennial bullshit. Are young people sleepwalking into living like upper class bums and thinking that it’s somehow a cool thing? Children, gather around: This is bum living with running water and wi-fi. I have nothing against […]
Bitcoin Slides as China’s Central Bank Launches Checks on Exchanges
January 11th, 2017Via: Reuters: China’s central bank launched spot checks on leading bitcoin exchanges in Beijing and Shanghai, ratcheting up pressure on potential capital outflows and knocking the price of the cryptocurrency down more than 12 percent against the dollar. The People’s Bank of China (PBOC) said its probe of bitcoin exchanges BTCC, Huobi and OKCoin was […]
Bitcoin Wreck
January 6th, 2017Warning: Nothing that appears on Cryptogon should be considered advice to buy, sell or hold any financial instrument. — Someone wondered why I mentioned Bitcoin a couple of days before it crashed, after not mentioning it for a long time. Did I know something? Nope. But I don’t mess with potential double tops. So when […]
Macy’s Closing 68 Stores; Job Cuts Total 10,100
January 5th, 2017Via: USA Today: After seeing sales drop during the holidays, Macy’s said Wednesday it has either closed or will shutter 68 stores and cut an additional 6,200 positions at a time when shoppers are going online to buy everything from scarves to lipstick. Of the 68 stores out of 730 in total, nine closings had […]
