Archive for the 'Economy' Category
Enphase Says Solar + Solar Market “Infinite,” Ahead of Australia Battery Pilot
December 5th, 2014Disclosure: I sell solar power systems in NZ. Via: RenewEconomy: When the world’s biggest supplier of solar inverters (sometimes described as the “brains” of solar PV systems) sets up camp in Australia, it’s probably a development worth noting. California-based “solar-tech” company Enphase opened offices in Sydney and Melbourne around 18 months ago, and since then, […]
Sears to Accelerate Closings, Shutter 235 Stores
December 5th, 2014Via: CNBC: Sears shares fell Thursday, after the struggling department store announced an adjusted net loss of $296 million—in line with the updated guidance it gave in November. The retailer also said it’s accelerating the number of stores it plans to close this year, boosting its list from the 130 underperforming stores it announced in […]
Chinese Economy Now Largest in the World
December 4th, 2014Via: Marketwatch: The Chinese economy just overtook the United States economy to become the largest in the world. For the first time since Ulysses S. Grant was president, America is not the leading economic power on the planet. It just happened — and almost nobody noticed. The International Monetary Fund recently released the latest numbers […]
Iraqi Army ‘Had 50,000 Ghost Troops’ on Payroll
December 3rd, 2014Via: BBC: An investigation into corruption in the Iraqi army has revealed that there were 50,000 false names on its payroll. Known in the military as “ghost soldiers”, they either did not exist or no longer reported for duty, however their salaries were still paid. A statement from the PM’s office said the payments have […]
Google’s Intelligence Designer
December 3rd, 2014Via: MIT Technology Review: But Hassabis sounds more excited when he talks about going beyond just tweaking the algorithms behind today’s products. He dreams of creating “AI scientists” that could do things like generate and test new hypotheses about disease in the lab. When prodded, he also says that DeepMind’s software could also be useful […]
Electricity Infrastructure in Detroit “Beyond Salvage”
December 2nd, 2014Via: Mlive: When a major U.S. city’s government loses power to its schools, fire stations, government buildings and sporting arenas because it’s operating on an antiquated power grid that it can’t afford to update, it’s national news, Detroit proved Tuesday. Media across the nation covered the power outage that selectively impacted municipal buildings in Detroit, […]
As Oil Prices Plunge, Wide-Ranging Effects for Consumers and the Global Economy
December 2nd, 2014Via: Washington Post: Tumbling oil prices are draining hundreds of billions of dollars from the coffers of oil-rich exporters and oil companies and injecting a much-needed boost for ailing economies in Europe and Japan — and for American consumers at the start of the peak shopping season. The result could be one of the biggest […]
Total U.S. Debt Rises Over $18 Trillion; Up 70% Under Barack Obama
December 2nd, 2014Via: ZeroHedge: Last week, total US debt was a meager $17,963,753,617,957.26. Two days later, as updated today, on Black Friday, total outstanding US public debt just hit a new historic level which probably would be better associated with a red color: as of the last work day of November, total US public debt just surpassed […]
U.S. Navy Pushes Solar Energy Storage Solution
December 1st, 2014Disclosure: I sell solar power systems in New Zealand. Via: CleanTechnica: We just got wind of a major new oil industry campaign to tear down California’s clean energy rules, but we’re thinking these guys are going to be outflanked by the shockingly rapid growth of the energy storage sector. Case in point: the Navy Mobile […]
Hackers With Wall Street Savvy Stealing M&A Data
December 1st, 2014Via: Bloomberg: Hackers with Wall Street expertise have stolen merger-and-acquisition information from more than 80 companies for more than a year, according to security consultants who shared their findings with law enforcement. A group dubbed FIN4 by researchers at FireEye Inc. (FEYE) has been tricking executives, lawyers and consultants into providing access to confidential data […]
