Archive for the 'Economy' Category
Ireland Jails Three Top Bankers Over 2008 Banking Meltdown
July 30th, 2016Nearly destroy a country, face a prison sentence of less than three years. Not bad. Via: Reuters: Three senior Irish bankers were jailed on Friday for up to three-and-a-half years for conspiring to defraud investors in the most prominent prosecution arising from the 2008 banking crisis that crippled the country’s economy. The trio will be […]
Breakthrough Solar Cell Captures CO2 and Sunlight, Produces Burnable Fuel
July 30th, 2016I’ve posted lots stories about similar technologies and the main problems are, very low yields, scalability, short lived and/or expensive catalysts. But who knows? Maybe it will become viable before the Mr. Fusion. Via: University of Illinois: Researchers at the University of Illinois at Chicago have engineered a potentially game-changing solar cell that cheaply and […]
Venezuela: Forced Labor
July 30th, 2016Via: CNN: A new decree by Venezuela’s government could make its citizens work on farms to tackle the country’s severe food shortages. That “effectively amounts to forced labor,” according to Amnesty International, which derided the decree as “unlawful.” In a vaguely-worded decree, Venezuelan officials indicated that public and private sector employees could be forced to […]
Trump Picks Former Goldman Partner And Soros Employee As Finance Chairman
July 29th, 2016This came out back in May. Via: ZeroHedge: In an oddly ironic twist, today Donald Trump announced that he has picked as chairman of his newly launched fundraising operation none other than a former employee of the bank he has repeatedly criticized in the past, and which he used as a foil to criticize Ted […]
Highest-Paid CEOs Run Worst-Performing Companies
July 28th, 2016Via: Independent: The highest-paid CEOs tend to run some of the worst-performing companies, according to new research. The study, carried out by corporate research firm MSCI, found that for every $100 (£76) invested in companies with the highest-paid CEOs would have grown to $265 (£202) over 10 years. But the same amount invested in the […]
Mercedes-Benz shows Off the First Fully Electric Heavy Urban Transport Truck
July 27th, 2016Production is still many years away. Via: TechCrunch: Daimler isn’t about to let Tesla own any more ‘firsts’ in electric transportation; the German company revealed the Mercedes-Benz Urban eTruck today in Stuttgart, an all-electric truck with a total admissible weight capacity of 26 tonnes (29 U.S. tons), which makes it the first clean energy big […]
Neil deGrasse Tyson, Jeff Bezos, Cass Sunstein Join Pentagon’s ‘Defense Innovation Board’
July 26th, 2016See: Cass “Cognitive Infiltration” Sunstein Also, this sounds like the group described in Ernest Cline’s Armada, which I would only recommend to absolute diehard sci-fi and gaming nerds who are between the ages of about 40 and 50 years old. My guess, however, is that Cline got the idea for the group in his book […]
Clinton Cash
July 26th, 2016Based on: Clinton Cash: The Untold Story of How and Why Foreign Governments and Businesses Helped Make Bill and Hillary Rich by Peter Schweizer Via: YouTube:
Artificial Intelligence Swarms Silicon Valley on Wings and Wheels
July 24th, 2016See artificial intelligence winters and hype cycles. Via: New York Times: For more than a decade, Silicon Valley’s technology investors and entrepreneurs obsessed over social media and mobile apps that helped people do things like find new friends, fetch a ride home or crowdsource a review of a product or a movie. Now Silicon Valley […]
$13 Billion Aircraft Carrier Struggles with Air Operations, Can’t Defend Itself, Systems ‘Likely Require Redesigning’
July 21st, 2016Well, the good news is that $13 billion looks like pocket lint compared to the cost of the F-35 catastrophe. Have a nice day. Via: Bloomberg: The U.S. Navy’s newest aircraft carrier isn’t ready for warfare. The $12.9 billion USS Gerald R. Ford — the most expensive warship ever built — may struggle to launch […]
