Archive for the 'Economy' Category
The U.S. War on Terror Has Cost $5 Trillion and Increased Terrorism by 6,500%
September 16th, 2016Via: Antimedia: According to a report released by Dr. Neta Crawford, professor of political science at Brown University, spending by the United States Departments of Defense, State, Homeland Security, and Veteran Affairs since 9/11 is now close to $5 trillion USD. Before we have the chance to ask how a country that has racked up […]
Ford to Move All Small-Car Production to Mexico from U.S.
September 15th, 2016Via: CNBC: Ford Motor Co Chief Executive Officer Mark Fields said on Wednesday that all of the company’s small-car production would be leaving U.S. plants and heading to lower-cost Mexico, drawing another rebuke from Republican presidential candidate Donald Trump. “We will have migrated all of our small-car production to Mexico and out of the United […]
Pittsburgh: Fears of Uber’s Human Drivers Become a Reality
September 14th, 2016Obviously, the mass deployment of this technology is still at least a few years out, but I’d be very surprised if it didn’t happen within a decade in major cities. I think LIDAR will have to be used. Currently, LIDAR is very expensive and cumbersome. Once the MIT/DARPA LIDAR-on-a-chip gadget emerges in bulk, watch out. […]
Wells Fargo Exec Who Oversaw Fake Customer Accounts Scam Gets $125 Million Golden Parachute
September 13th, 2016Via: Raw Story: Wouldn’t it be nice to be axed from your job because you helped your employer get smacked with a massive $185 million fine — and still walk away with a payday of $125 million? Fortune reports that Carrie Tolstedt, the executive in charge of the Wells Fargo unit that opened more than […]
Trump Would Spend Hundreds of Billions More on Military
September 11th, 2016[???] Via: Reuters: Republican presidential nominee Donald Trump’s U.S. military buildup plan would cost hundreds of billions of dollars – but with no apparent strategy, defense experts from across the political spectrum said on Thursday. “I haven’t seen any kind of strategy,” said William Hartung, director of the Arms and Security Project at the Center […]
China Will Resurrect The World’s Largest Plane
September 11th, 2016Via: Popular Science: On August 30, members of the Aviation Industry Corporation of China (AICC) and the Antonov Corporation, the leading Ukrainian aviation company, signed an agreement to restart production of the AN-225, the world’s largest cargo aircraft.
India: World’s Largest General Strike
September 9th, 2016Via: Alternet: Trade unions leaders are reticent to say how many people struck work on September 2, 2016. They simply cannot offer a firm number. But they do say that the strike – the seventeenth general strike since India adopted its new economic policy in 1991 – has been the largest ever. The corporate news […]
5,300 Wells Fargo Employees Fired Over 2 Million Phony Accounts
September 9th, 2016Via: CNN: Everyone hates paying bank fees. But imagine paying fees on a ghost account you didn’t even sign up for. That’s exactly what happened to Wells Fargo customers nationwide. On Thursday, federal regulators said Wells Fargo (WFC) employees secretly created millions of unauthorized bank and credit card accounts — without their customers knowing it […]
Google Drones Will Deliver Chipotle Burritos at Virginia Tech
September 8th, 2016Via: WTVR: Project Wing, a drone project in Google’s X lab, will begin testing drone delivery of burritos at Virginia Tech later this month. Google expects to conduct a few hundred deliveries over the course of several days or potentially weeks. Burritos won’t be delivered just anywhere on campus. Testing will be confined to a […]
Anti-Zika Toxin Decimates Bees
September 5th, 2016Via: Guardian: Huddled around their hives, beekeepers around the south-eastern US fear a new threat to their livelihood: a fine mist beaded with neurotoxin, sprayed from the sky by officials at war with mosquitos that carry the Zika virus. Earlier this week, South Carolina beekeepers found millions of dead honey bees carpeting their apiaries, killed […]
