Archive for the 'Economy' Category
Los Angeles: Minimum Wage Going to $15 Per Hour by 2020
May 20th, 2015This is definitely a dire situation: CEOs Make 373 Times Average Worker Pay. Increasing the minimum wage, while politically expedient, is going to spell doom for many small businesses. A relative earnings limit, on the other hand, could bring sanity to the wage inequality situation without destroying businesses that operate on smaller profit margins, thus […]
CEOs Make 373 Times Average Worker Pay
May 19th, 2015Via: CNBC: The average S&P 500 company CEO made 373 times the salary of the average production and non-supervisory worker in 2014, up from 331 times in 2013, according to the AFL-CIO.
Ripasso Testing 34% Efficient Concentrated Solar System in Kalahari Desert
May 18th, 2015Disclosures: I sell solar power systems in New Zealand and I’m long Enphase Energy. — Via: Guardian: A new solar electricity generation system that developers claim is the most efficient in the world, is being tested in South Africa’s Kalahari desert. The Swedish company behind the project – which combines military technology with an idea […]
Oil Tycoon Wanted University of Oklahoma Earthquake Researchers Dismissed
May 18th, 2015Via: Bloomberg: Oil tycoon Harold Hamm told a University of Oklahoma dean last year that he wanted certain scientists there dismissed who were studying links between oil and gas activity and the state’s nearly 400-fold increase in earthquakes, according to the dean’s e-mail recounting the conversation.
Self Driving Trucks Will Wipe Out Millions of Jobs
May 18th, 2015Via: Medium: Robot trucks also don’t need salaries?—?salaries that stand to go up because fewer and fewer people want to be truckers. A company can buy a fleet of self-driving trucks and never pay another human salary for driving. The only costs will be upkeep of the machinery. No more need for health insurance either. […]
Missing Morgan Stanley Trader Found Dead
May 18th, 2015Via: Bloomberg: Murray Abbott, an institutional sales trader at Morgan Stanley in Toronto who had been missing since April 25, was found Monday by the shore of Lake Ontario near the city’s Beaches neighborhood where he lived. He was 36. His death wasn’t suspicious, Mark Pugash, a Toronto Police Service spokesman, said Tuesday in a […]
Why Today’s Automobile Industry Looks A Lot Like IBM in 1985
May 18th, 2015Via: TechCrunch: With the number of mobile phone subscriptions shortly expected to exceed the total global population, what is the next great connected device going to look like? Hint: It’ll have four wheels. Gartner predicts that there will be 250 million connected cars on the road by 2020. That means one in every three cars […]
BP Hires Former MI6 Boss John Sawers
May 18th, 2015Via: Guardian: BP has hired the former head of MI6 as it seeks to capitalise on his top-level diplomatic experience while dealing with some of the toughest political environments around the world. Sir John Sawers, who was head of the Secret Intelligence Service between 2009 and 2014, has joined the oil company’s board as a […]
Strong Statin-Diabetes Link Seen in Large Study of Tricare Patients
May 15th, 2015Via: Medicalxpress: In a database study of nearly 26,000 beneficiaries of Tricare, the military health system, those taking statin drugs to control their cholesterol were 87 percent more likely to develop diabetes. The study, reported online April 28, 2015, in the Journal of General Internal Medicine, confirms past findings on the link between the widely […]
Many of the NSA’s Loudest Defenders Have Financial Ties to NSA Contractors
May 14th, 2015Via: FirstLook: The talking heads have been backstopping the NSA’s mass surveillance more or less continuously since it was revealed. They spoke out to support the agency when NSA contractor Edward Snowden released details of its programs in 2013, and they’ve kept up their advocacy ever since — on television news shows, newspaper op-ed pages, […]
