Archive for the 'Economy' Category
Google Auto
August 2nd, 2015Via: Guardian: It was Google Auto LLC that applied for the international vehicle identification number (VIN) codes to identify each new self-driving car, just like any other production vehicle. Google Auto also liaised with America’s National Highway Traffic Safety Administration (NHTSA) and organised emissions testing in California. To avoid onerous safety requirements and crash tests, […]
About 60 Donations Represent 1/3 of All ’16 Campaign Cash
August 2nd, 2015Via: AP: An Associated Press analysis of fundraising reports filed with federal regulators through Friday found that nearly 60 donations of a million dollars or more accounted for about a third of the more than $380 million brought in so far for the 2016 presidential election. Donors who gave at least $100,000 account for about […]
Robots: The Growing Threat to the Service Industry
July 30th, 2015Via: Value Walk: Soon McDonald’s and Burger King Worldwide Inc (NYSE:BKW) will have no need for anyone to run a burger kiosk other than a 20-something with mad technology skills; everything from order entry to burger preparation and delivery will be automated (and faster and without the asinine errors that plague this low-education industry today). […]
Amazon Provides New Details on Plan for Drone Air Corridors
July 28th, 2015Via: The Verge: The company laid out its vision for a multi-tiered superhighway in the sky, one in which all drones flying above 200 feet would have the ability to communicate with — and ideally sense and avoid — other aircraft. It’s an attempt to put an end to the Wild West atmosphere that has […]
CHINESE SHARES TUMBLE 8.5 PERCENT IN BIGGEST ONE-DAY DROP SINCE 2007
July 27th, 2015Via: Reuters: Chinese shares slid more than 8 percent on Monday as an unprecedented government rescue plan to prop up valuations ran out of steam, throwing Beijing’s efforts to stave off a deeper crash into doubt. Major indexes suffered their largest one-day drop since 2007, shattering three weeks of relative calm in China’s volatile stock […]
Gold Slumps to Five-Year Low, Dollar at Highest in Months
July 20th, 2015Via: Reuters: Gold prices plunged to their lowest in more than five years on Monday, at one point dropping 4 percent on aggressive selling out of China, while the U.S. dollar hit a three-month high on expectations for higher U.S. interest rates.
Lockheed Martin Buying Sikorsky for $9 Billion
July 20th, 2015Via: Reuters: Lockheed Martin Corp (LMT.N) has agreed to buy United Technologies Corp’s (UTX.N) Sikorsky Aircraft for over $8 billion, two sources said on Sunday, cementing a deal that would confirm Lockheed’s dominance in weapons making and giving the Black Hawk helicopter to the maker of the F-35 fighter jet. The deal will add further […]
The Military Built Another Multimillion-Dollar Building in Afghanistan That No One Used
July 20th, 2015Via: ProPublica: Unlike many buildings commissioned by the U.S. in Afghanistan, the new military warehouse facility in Kandahar was well built, an inspector general investigation concluded. There was, however, one glaring problem: no one was around to use the gleaming, $14.7 million complex. The four warehouses and an administration building were empty, because the intended […]
Pension Funds Burn Cities as $1 Trillion Shortfall Set to Grow
July 19th, 2015Via: Bloomberg: The cost to American cities for their cash-strapped pension funds is starting to look a lot worse, and it’s not because the stock-market rally may be losing steam. Houston was warned by Moody’s Investors Service this month that it may be downgraded because of mounting retirement bills, the latest municipality put on notice […]
London Is Now the Global Money-Laundering Centre for the Drug Trade, Says Crime Expert
July 13th, 2015Via: Independent: The City of London is the money-laundering centre of the world’s drug trade, according to an internationally acclaimed crime expert. UK banks and financial services have ignored so-called “know your customer” rules designed to curb criminals’ abilities to launder the proceeds of crime, Roberto Saviano warned. Mr Saviano, author of the international bestseller […]
