Archive for the 'Economy' Category
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, […]
Spectacular Bubble in Pot Stocks
January 10th, 2014Warning: This is not a recommendation to buy, sell or hold any financial instrument. Believe it or not, I ran one of my bottom feeding screens, fat fingered the minimum price and one of the companies that came up on the erroneous scan was HEMP. I laughed, thought, “Well I’ll be damned,” and moved on. […]
Atmosphere Processors for Beijing [???]
January 10th, 2014Do not miss the conceptual visualization of the pH Conditioners: Via: Next Big Future: In the past 30 years, China has suffered from air pollution and heavy haze created by fast industrial growth and economic expansion. An Environmental Chemistry Letter research journal article reviews the techniques for remediation of air pollution. A geoengineering method is […]
U.S. Military on Path to Become Google’s Single Largest Customer
January 10th, 2014Via: DailyCaller: Google CEO Larry Page has rapidly positioned Google to become an indispensable U.S. military contractor. Google recently purchased Boston Dynamics, a robotics pioneer that produces amazing humanoid robots for the U.S. Defense Department. This development invites attention to Google’s broader military contracting ambitions — especially since Boston Dynamics is the eighth robotics company […]
‘Robot Farmers Are the Future of Agriculture’
January 10th, 2014Via: Guardian: Will robot feet in near-future time walk upon England’s mountains green? And will there be drones flying overhead from England’s pleasant pastures seen? A new vision of robots patrolling the meadows and cornfields of the UK may seem dark and satanic to some, but according to farmers and the government it is the […]
