Archive for the 'Economy' Category
Amazon Building Its Own Overnight Airfreight Operation
December 18th, 2015Via: Cargo Facts: Amazon.com Inc. is creating a logistics operation that will include overnight air operations in the US domestic market, potentially including the acquisition of at least 20 freighter aircraft, Cargo Facts has learned. Currently, Amazon ships most of its parcels through United Parcel Service, FedEx, and the United States Postal Service. The change […]
How Poverty Changes Kids’ Brains
December 16th, 2015Via: Nautilus: When children grow up in poverty, their brains can take a different shape. That’s one of the stark and uncomfortable findings from the lab of Kimberly Noble, a pediatrician and cognitive neuroscientist at Teachers College, Columbia University. Noble has used MRI scans to study the brains of children and found that kids in […]
Why Force Awakens Can’t Hope to Match the Box-Office Power of the Original
December 16th, 2015Via: Bloomberg: What’s stronger than the Force? Inflation.
The High-Stakes Race to Rid the World of Human Drivers
December 14th, 2015Via: The Atlantic: The race to bring driverless cars to the masses is only just beginning, but already it is a fight for the ages. The competition is fierce, secretive, and elite. It pits Apple against Google against Tesla against Uber: all titans of Silicon Valley, in many ways as enigmatic as they are revered. […]
LG Chem Quietly Surges in Battery Race
December 14th, 2015Via: Automotive News: Three years ago, LG Chem’s $303 million battery plant garnered unwanted attention when news reports revealed workers were watching movies and playing cards rather than building batteries. As the facility sat idle, LG Chem was shipping lithium ion batteries from South Korea to power General Motors’ Chevrolet Volt — an embarrassment since […]
Zombies Appear in U.S. Oilfields as Crude Plumbs New Lows
December 10th, 2015Via: Reuters: Drained by a 17-month crude rout, some U.S. shale oil companies are merely hanging on for life as oil prices lurch further away from levels that allow them to profitably drill new wells and bring in enough cash to keep them in business. The slump has created dozens of oil and gas “zombies,” […]
Ford to Spend $4.5 Billion by 2020 on Electric Vehicles
December 10th, 2015Via: Detroit Free Press: Ford announced its largest five-year investment ever in electrified vehicles, with a pledge to spend $4.5 billion and introduce 13 new models by 2020, CEO Mark Fields announced today. Fields said 40% of nameplates globally will be electrified by the end of the decade, up from 13% now. They will be […]
Australian Police Raid Sydney Home of Reported Bitcoin Creator
December 9th, 2015Via: Reuters: Australian police raided the Sydney home and office on Wednesday of a man named by Wired magazine as the probable creator of bitcoin and holder of hundreds of millions of dollars worth of the cryptocurrency, Reuters witnesses said. More than a dozen federal police officers entered a house registered on the electoral roll […]
How About That ‘Erl!?
December 7th, 2015Warning: This is not a recommendation to buy, sell or hold any financial instrument. — Down 6%. Huge pivot ahead at WTI$33.22, assuming that you pay any attention to candle shadows, which I do. If you just draw your lines on the bodies: That 2009 support is gone. Best guess: Small bounce ahead, but I […]
Homeland Security: “An Entirely New Phase”
December 6th, 2015The whole ISIS mess originates with U.S. activities in Iraq (which, even the mainstream hive mind admits had nothing to do with 9/11), and now, “We have moved to an entirely new phase in the global terrorist threat.” Via: Reuters: U.S. officials, faced with an evolving threat of deadly attacks by homegrown extremists, are rethinking […]
