Archive for the 'Economy' Category
Massive Demand for Tesla Model 3
April 2nd, 2016People Pre-Ordering Now Might Not Receive The Car Until 2020 253,000 pre-orders now. Via: Jalopnik: As for actual order fulfillment for the Model 3, Fortune broke down the numbers with Cairn Energy Research Advisors. Tesla expects to begin shipping the car at the end of 2017, and an optimistic estimate for Model 3 production rate […]
Saudi Arabia Plans $2 Trillion Megafund for Post-Oil Era
April 1st, 2016Via: Bloomberg: Saudi Arabia is getting ready for the twilight of the oil age by creating the world’s largest sovereign wealth fund for the kingdom’s most prized assets. Over a five-hour conversation, Deputy Crown Prince Mohammed bin Salman laid out his vision for the Public Investment Fund, which will eventually control more than $2 trillion […]
Paul Le Roux, International Criminal… Creator of TrueCrypt
March 29th, 2016TrueCrypt is actually just a tiny pimple on the larger story of Paul Le Roux. But if you thought the situation surrounding the genesis of such a program would be weird, you have no idea: “The Mastermind” is a story about a new kind of internet-enabled cartel and its machinations, from murder in the Philippines, […]
Feds to Cops: Keep Robbing People
March 29th, 2016I wonder if the Feds will prosecute themselves under their own RICO laws… Via: Washington Post: The Justice Department has announced that it is resuming a controversial practice that allows local police departments to funnel a large portion of assets seized from citizens into their own coffers under federal law. The “Equitable Sharing Program” gives […]
Vaxxed From Cover Up to Catastrophe
March 29th, 2016Via: Vaxxed: In 2013, biologist Dr. Brian Hooker received a call from a Senior Scientist at the U.S. Centers for Disease Control and Prevention (CDC) who led the agency’s 2004 study on the Measles-Mumps-Rubella (MMR) vaccine and its link to autism. The scientist, Dr. William Thompson, confessed that the CDC had omitted crucial data in […]
Britain: Libraries Lose a Quarter of Staff as Hundreds Close
March 29th, 2016Via: BBC: Almost 8,000 jobs in UK libraries have disappeared in six years, about a quarter of the overall total, an investigation by the BBC has revealed. Over the same period, some 15,500 volunteers have been recruited and 343 libraries have closed, leading to fears over the future of the profession. Children’s author Alan Gibbons […]
Some Japanese Elderly Attempting to Get Into Prison for, “Free Food, Accommodation and Healthcare”
March 28th, 2016Via: Financial Times: Japan’s prison system is being driven to budgetary crisis by demographics, a welfare shortfall and a new, pernicious breed of villain: the recidivist retiree. And the silver-haired crooks, say academics, are desperate to be behind bars. Crime figures show that about 35 per cent of shoplifting offences are committed by people over […]
PSYOP: Public Perception of Autonomous Machines
March 26th, 2016The vast majority of robotics research is funded by the military industrial complex. There is a lot of dancing around that fact, but the reality is that it’s governments’ desire for more, cheaper and deadlier killing machines that’s at the root of this. Sure, the corporate drive to shrink payrolls is a large factor, but […]
Britain: Dyson Developing an Electric Car with Partial Government Funding
March 25th, 2016Via: Guardian: Dyson is developing an electric car at its headquarters in Wiltshire with help from public money, according to government documents. The company, which makes a range of products that utilise the sort of highly efficient motors needed for an electric car such as vacuum cleaners, hand dryers and bladeless fans, last year refused […]
Hedge Funds Pumped Up Silicon Valley. Now They’re Pulling Out.
March 24th, 2016Just in time for… Via: Bloomberg: In recent months, venture capital firms and mutual funds have become choosier about which technology startups they’re prepared to back. Now hedge funds, after helping push valuations to dot-com-era heights, are getting more picky, too. Last month, hedge funds participated in the fewest number of venture capital rounds in […]
