Archive for the 'Economy' Category
Nissan Has 48% of Global Pure Electric Car Market
January 20th, 2014Via: Inside EVs: This past weekend Nissan announced that after just more than 3 years on the market, the LEAF had reached the 100,000 vehicles sold level. … Overall, Nissan has captured 48% of pure electric sales worldwide since 2010 according to the company.
Sugar Linked To $1 Trillion In U.S. Healthcare Spending Per Year
January 20th, 2014Via: Forbes: “So 30% – 40% of healthcare expenditures in the USA go to help address issues that are closely tied to the excess consumption of sugar.” Credit Suisse Report – Sugar: Consumption At A Crossroads (PDF here) At this level, the math clearly lacks scientific precision, but it does emphasize the huge burden associated […]
Rich Chinese Flee China
January 19th, 2014Via: CNBC: A new report shows that 64 percent of Chinese millionaires have either emigrated or plan to emigrate—taking their spending and fortunes with them. The United States is their favorite destination. The report from Hurun, a wealth research firm that focuses on China, said that one-third of China’s super rich—or those worth $16 million […]
China: Industrial Scale Pig Cloning
January 18th, 2014…In an old shoe factory. Via: BBC: You hear the squeals of the pigs long before reaching a set of long buildings set in rolling hills in southern China. Feeding time produces a frenzy as the animals strain against the railings around their pens. But this is no ordinary farm. Run by a fast-growing company […]
Recovery: JCPenny to Cut 2,000 Jobs, Close 33 Stores
January 15th, 2014Via: Business Insider: JCPenney is cutting 2,000 jobs and closing 33 stores as the battered department store seeks to revive revenue growth, the company announced Wednesday. The move will save about $65 million annually beginning in 2014, the company said. JCPenney, which has about 1,100 stores, has struggled to turn a profit since former CEO […]
‘Chasing the Dream of Half-Price Gasoline from Natural Gas’
January 15th, 2014Frack that. Via: MIT Technology Review: At a pilot plant in Menlo Park, California, a technician pours white pellets into a steel tube and then taps it with a wrench to make sure they settle together. He closes the tube, and oxygen and methane—the main ingredient of natural gas—flow in. Seconds later, water and ethylene, […]
DEA Struck A Deal With Mexico’s Most Notorious Drug Cartel
January 14th, 2014Via: Business Insider: An investigation by El Universal has found that between 2000 and 2012, the U.S. government had an agreement with Mexico’s Sinaloa drug cartel that allowed the organisation to smuggle billions of dollars of drugs in exchange for information on rival cartels. Sinaloa, led by Joaquin “El Chapo” Guzman, supplies 80% of the […]
Big Money Behind War: The Military-Industrial Complex
January 13th, 2014Via: Al Jazeera: In January 1961, US President Dwight D Eisenhower used his farewell address to warn the nation of what he viewed as one of its greatest threats: the military-industrial complex composed of military contractors and lobbyists perpetuating war. Eisenhower warned that “an immense military establishment and a large arms industry” had emerged as […]
China Surpasses U.S. as World’s Largest Trading Nation
January 11th, 2014Via: Guardian: China became the world’s largest trading nation in 2013, overtaking the US in what Beijing described as “a landmark milestone” for the country. China’s annual trade in goods passed the $4tn (£2.4tn) mark for the first time last year according to official data, after exports from the world’s second largest economy rose 7.9% […]
Oracle Execs Sell Stock Near 13-Year High
January 11th, 2014Via: Barron’s: Two insiders at software giant Oracle sold 1,700,000 shares for $64,141,070, an average of $37.73 each, from Jan. 2 through 7, just after shares hit a 13-year high. Thomas Kurian, executive vice president of product development, exercised options and sold 1,200,000 Oracle (ticker: ORCL) shares for $45,201,920. Kurian now holds 32,327 shares directly, […]
