Archive for the 'Economy' Category
GMO: “Independent Expert” Was Actually Paid $25,000 by Monsanto
August 24th, 2015Via: GM Watch: In what appears to be an exercise in damage limitation, an article in the journal Nature has disclosed that Kevin Folta, a plant scientist at the University of Florida, received a US$25,000 grant last year from Monsanto. Monsanto noted that the money “may be used at your discretion in support of your […]
NASDAQ FUTURES: LIMIT DOWN
August 24th, 2015Via: CNBC: U.S. stock index futures screamed lower on Monday, with Dow futures (Chicago Board of Trade: @DJ.1) briefly tumbling more than 700 points, as fears surrounding the health of China’s economy multiplied. The Dow futures held about 650 points lower, with the S&P futures off about 70 points, and the Nasdaq 100 futures off […]
China Shares Wipe Out 2015 Gains as Stocks Tumble 8.5%
August 24th, 2015Via: MarketWatch: Chinese stocks plummeted Monday, erasing gains for the year, as fears about the deepening effects of a slowdown in the world’s No. 2 economy rattled investors world-wide. Stock markets slid across Asia and a number of regional currencies fell to fresh multiyear lows. China’s main stock index, which closed 8.5% lower on Monday, […]
Afghanistan Has Cost the U.S. More Than the Marshall Plan
August 23rd, 2015Via: Bloomberg: The U.S. has now spent more on the reconstruction of Afghanistan than it spent on the Marshall Plan, which resuscitated Europe after World War II, according to a special inspector general. The Marshall Plan delivered $103 billion in today’s dollars to 16 European countries between 1948 and 1952. That has now been topped […]
Asia Stocks Continue to Plummet
August 23rd, 2015Via: Reuters: Asian stocks dived to 3-year lows on Monday as a rout in Chinese equities gathered pace, hastening an exodus from riskier assets as fears of a China-led global economic slowdown roiled world markets. Safe-haven government bonds and the yen rallied on the widespread unrest in the financial markets, set in motion nearly two […]
IBM: Digital Rat Brain
August 19th, 2015Via: Quartz: In August 2014, IBM announced that it had built a “brain-inspired” computer chip—essentially a computer that was wired like an organic brain, rather than a traditional computer. These chips are designed to work like neurons—the brain’s nerve cells. Wired reported on Aug. 17 that the team working on the brain chips recently hit […]
U.S. Crude Hits 6.5 Year Low on Surprise Stock Build
August 19th, 2015Down nearly 5% right now. Via: Reuters: Oil prices fell about 4 percent on Wednesday, with U.S. crude hitting 6-1/2 year lows and threatening to break below $40, after a huge unexpected stockpile build in the United States reinforced concerns about a growing global oil glut. U.S. crude inventories rose by 2.6 million barrels last […]
Long Range Strike Bomber Already a Snowballing Disaster
August 18th, 2015Via: Fiscal Times: The price on the U.S. Air Force’s next-generation bomber was just raised. Again. Last year, Air Force officials told Congress that the cost for the 10-year research and development phase for the Long-Range Strike Bomber would be $33.1 billion between fiscal years 2015 through 2025. But this year the price skyrocketed. The […]
Minimum-Wage Offensive Could Speed Arrival of Robot-Powered Restaurants
August 17th, 2015“Enjoy any higher minimum wages while you can because the Rise of the Machines grinds steadily onward, and the goal is to eliminate as many human workers from corporate payrolls as possible.” —Seattle Hikes Minimum Wage to $15 Per Hour Via: Washington Post: The avalanche of rising costs is why franchisers are aggressively looking for […]
Fab11: Making Robots
August 16th, 2015Via: YouTube:
