Archive for the 'Economy' Category
Walmart’s Out-of-Control Crime Problem
August 17th, 2016Via: Bloomberg: Police reports from dozens of stores suggest the number of petty crimes committed on Walmart properties nationwide this year will be in the hundreds of thousands. But people dashing out the door with merchandise is the least troubling part of Walmart’s crime problem. More than 200 violent crimes, including attempted kidnappings and multiple […]
Ford: Driverless Cars by 2021
August 17th, 2016Via: NBC: Most major automakers — and a number of automotive start-ups — are racing to develop the first hands-free vehicles. Nissan, for one, hopes to have a fully autonomous car in production by 2020. But Ford says it will go a step beyond. It has announced plans to eliminate the driver entirely when it […]
Debtors’ Prisons: Life Inside America’s For-Profit Justice System
August 17th, 2016Part 1 Part 2
Cisco Systems to Lay Off About 14,000 Employees
August 17th, 2016Via: Reuters: Cisco Systems Inc is laying off about 14,000 employees, representing nearly 20 percent of the network equipment maker’s global workforce, technology news site CRN reported, citing sources close to the company. San Jose, California-based Cisco is expected to announce the cuts within the next few weeks, the report said, as the company transition […]
Soros Nearly Doubles Down Bearish Bet Against S&P 500
August 16th, 2016Via: Market Watch: Billionaire investor George Soros, who rose to fame and fortune by betting against sterling in 1992, on Monday showed his latest hand: nearly doubling down on his bearish bet against the market. The 86-year-old’s fund, Soros Fund Management LLC, disclosed in a regulatory filing it had increased its bet against the S&P […]
Aetna Ditching 70% of Its Obamacare Business
August 16th, 2016Via: Business Insider: Aetna, one of the country’s five largest health insurers, announced on Monday evening that it would be pulling out of nearly 70% of the counties in which it offers coverage under the Affordable Care Act. The firm said that after a review of its public-health-exchange business it determined that the nearly $300 […]
How CIA’s Palantir Wired Washington
August 14th, 2016Via: Politico: When a little-known Silicon Valley software startup began vying for national security contracts, it went up against an entrenched bureaucracy and opposition from major contractors skilled in the Washington game. But quickly, Palantir began pulling pages from the defense industry’s own playbook — bulking up on lobbyists, challenging the Pentagon’s contracting rules and […]
A Big Leap for an Artificial Leaf *
August 11th, 2016* “Commercializing the technology will likely take years.” Indeed, there are posts about Nocera’s various artificial leaf iterations on Cryptogon going back almost a decade… Via: MIT Technology Review: Daniel Nocera, a professor of energy science at Harvard who pioneered the use of artificial photosynthesis, says that he and his colleague Pamela Silver have devised […]
DEA Regularly Mines Americans’ Travel Records to Seize Millions in Cash
August 11th, 2016“Basically, you’ve got to feed the monster.” Via: USA Today: Federal drug agents regularly mine Americans’ travel information to profile people who might be ferrying money for narcotics traffickers — though they almost never use what they learn to make arrests or build criminal cases. Instead, that targeting has helped the Drug Enforcement Administration seize […]
Google Employees Have Enjoyed Revolving Door During Obama Administration
August 10th, 2016Via: Watchdog.org: More than 250 people have moved from Google and related firms to the federal government or vice versa since President Barack Obama took office. The Google Transparency Project, the work of Campaign for Accountability, poured over reams of data to find 258 instances of “revolving door activity” between Google or its associated companies […]
