Archive for the 'Economy' Category
Up to $41 Billion in World Bank Climate Finance Unaccounted for, Oxfam Finds
October 28th, 2024More billions in U.S. taxpayer money down the drain. Via: Oxfam: Up to $41 billion in World Bank climate finance —nearly 40 percent of all climate funds disbursed by the Bank over the past seven years— is unaccounted for due to poor record-keeping practices, reveals a new Oxfam report published today ahead of the World […]
California May Lose Two More Refineries That Produce 14% of Gasoline in the State
October 27th, 2024Via: Just the News: Short on the heels of another major refinery closure, Valero signaled it is considering closing its two California refineries that produce over 14% of the state’s gasoline. Refinery closures already have the state importing 8% of its gasoline supply, which means the state could soon have to significantly increase its imports […]
“Even the Amish Are Voting for Trump”
October 20th, 2024You know it’s getting weird out there when… Via: Nick Johnson:
UN in 2000: Replacement Migration: Is it A Solution to Declining and Ageing Populations?
October 18th, 2024And now… Bill Clinton: "We got the lowest birthrate we’ve had in well over a hundred years, we’re not a replacement level, which means we’ve gotta have somebody come here if we want to grow the economy.” Democrats want to replace American citizens with migrants. pic.twitter.com/v79VE48rHB — Steve Cortes (@CortesSteve) October 14, 2024 Via: United […]
Smart TVs a ‘Vast System of Digital Surveillance’ That Targets Everyone, Especially Kids
October 17th, 2024Via: The Defender: The streaming television industry has morphed into a vast data-driven viewer surveillance apparatus, transforming people’s TVs into tools for monitoring, tracking and targeting, according to a new report from the nonprofit Center for Digital Democracy. The 48-page report, “How TV Watches Us: Commercial Surveillance in the Streaming Era,” charts the evolution from […]
Amazon Goes Nuclear, to Invest More than $500 Million to Develop Small Modular Reactors
October 16th, 2024Via: CNBC: Amazon Web Services is investing more than $500 million in nuclear power, announcing three projects from Virginia to Washington state. AWS, Amazon’s subsidiary in cloud computing, has a massive and increasing need for clean energy as it expands its services into generative AI. It’s also a part of Amazon’s path to net-zero carbon […]
TD Bank Hit with Record US$3 Billion Fine Over Drug Cartel Money Laundering
October 16th, 2024Just another day at the office. Via: CTV News: TD Bank will pay US$3 billion to settle charges that it failed to properly monitor money laundering by drug cartels, regulators announced Thursday. The fine includes a US$1.3 billion penalty that will be paid to the U.S. Treasury Department’s Financial Crimes Enforcement Network, a record fine […]
Walgreens Closing 1,200 Stores
October 15th, 2024Via: Daily Mail: Walgreens said on Tuesday it would shut 1,200 stores over the next three years as new CEO Tim Wentworth plots a turnaround at the struggling pharmacy chain operator hit by sluggish consumer spending and low drug reimbursement rates.
America’s New Millionaire Class: Plumbers and HVAC Entrepreneurs
October 14th, 2024Private equity firms are buying up local home-services companies. Clearly, the goal is to reduce competition and drive the prices of services up. I wonder, does the situation then create opportunities for independent operators? Via: Wall Street Journal: PE firms across the country have been scooping up home services like HVAC—that is, heating, ventilation and […]
Open Source Maintainers Underpaid, Swamped by Security, Going Gray
October 12th, 2024Via: The Register: The majority of open source project maintainers are not being paid for their work, spend three times as much time on security than they did three years ago, and have become less trusting of contributors following the xz backdoor, according to open source package security firm Tidelift. Small wonder then that the […]
