It has become a truism that software is eating the world. Perhaps that now extends to Amazon’s acquisition of Whole Foods. This purchase is surely funded in part by the astronomical growth of Amazon Web Services, which is estimated to have made $14 billion in revenue last year — just slightly more than the purchase […]
Finance
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How Uber’s Tax Calculation May Have Cost Drivers Hundreds of Millions…
Amid the turmoil at Uber that resulted in Travis Kalanick’s stepping down as chief executive, the company announced a series of changes in late June aimed at improving its drivers’ work experience, including a new tipping option in its passenger app. But even as Uber makes a concerted effort to win over drivers, it has […]
Quelle Surprise! Study Confirms that ACA Narrow Networks Exclude Top Cancer Doctors…
Lambert and once in a great while yours truly have written about one of the nasty-by-design ways insurers game Obamacare: via so-called narrow networks. Bear in mind that there is no precise definition, but a “narrow network” is one that restricts access to specialists. We’ve pointed out that this feature can allow insurers to engage […]
American as Exporter: Energy Superpower ‘Saudi America’ Has Been the World’s Largest Petroleum Producer for 26 Months in a Row…
The Energy Information Administration (EIA) released new data today on international energy production for the months of November and December 2014, and here are some highlights of that update: For the 26th month in a row starting in November 2012, “Saudi America” took the top spot again last December as the No. 1 petroleum producer […]
“Fyre Festival” Founder Arrested For Fraud, “Promising A Life-Changing Event But Delivering A Disaster”…
It’s been just over two months since thousands of attendees at an ill fated music festival in the Bahamas were left to fend for themselves in a Millennial’s worst nightmare of dying cell phones, cardboard sandwiches, burning tents, roving bands of thieves, feral dogs, and worst of all – anarchy at the bar. Advertised as […]
The World Is Now $217,000,000,000,000 In Debt And The Global Elite Like It That Way…Imagine the Interest Paid on that Debt…
The borrower is the servant of the lender, and through the mechanism of government debt virtually the entire planet has become the servants of the global money changers. Politicians love to borrow money, but over time government debt slowly but surely impoverishes a nation. As the elite get governments around the globe in increasing amounts […]
CBO Predictions About The Senate Health Care Bill Are Deeply Flawed…
If you want to understand the utter absurdity of the CBO’s predictions of health insurance coverage under GOP health care proposals, all you have to do is look at the three major GOP health care bills from the last two years: The Restoring Americans’ Healthcare Freedom Reconciliation Act (H.R. 3762), the American Health Care Act, […]
Related
How Bad Is the Crisis in Illinois? It Has $14.6B That’s BILLION with a ‘B’ in Unpaid Bills…
This is what happens when a major American state lets its bills stack up for two years. Hospitals, doctors and dentists don’t get paid for hundreds of millions of dollars of patient care. Social-service agencies help fewer people. Public universities and the towns that surround them suffer. The state’s bond rating falls to near junk […]
19th Obamacare Co-Op Folds, Leaving Only 4 Operating in 2018…
Minuteman Health of Massachusetts and New Hampshire announced it is withdrawing from the Affordable Care Act exchanges in 2018, leaving only four co-ops in operation. The co-op will stop writing business on January 1 and organize a new company, Minuteman Insurance Company, instead. The company cited issues with Obamacare’s risk-adjustment program, which is the program […]
The Subtle Approach Apple Is Using to Become a Bank…
At WWDC a few weeks ago, there was a short segment where apple introduced a new feature for iMessage. In iOS 11, they now allow people send cash to one another. It’s the same thing as Venmo. They don’t charge you a fee. It’s just, “Hey Bobby, here’s $20 that I owe you from dinner […]
Supermarkets Set to Introduce ‘Surge Pricing’ in Their Stores According to Demand…
Shoppers could be asked to pay more for ice-cream on a warm summer’s day as US-style ‘surge pricing’ looks set to hit UK shops. Major British retailers are exploring using new technology to constantly change prices according to demand in shops. The model is used widely in Europe and the US and by the popular […]
Seattle’s Painful Lesson: How to Hurt Low-Wage Workers, Increase Minimum Wage to $15 Minimum Wage…
In the summer of 2014, the Seattle City Council unanimously passed a bill increasing the city’s minimum wage to $15 an hour. “No city or state has gone this far. We go into uncharted territory,” said council member Sally Clark. The City of Seattle, to its credit, actually made some effort to chart the waters […]
FLASHBACK: The Federal Reserve Cartel: The Eight Families – Part 1/4…
According to company 10K filings to the SEC, the Four Horsemen of Banking are among the top ten stock holders of virtually every Fortune 500 corporation.[1] So who then are the stockholders in these money center banks? This information is guarded much more closely. My queries to bank regulatory agencies regarding stock ownership in the […]
California to Officially List Key Ingredient in Monsanto’s Roundup as Cancer-Causing…
Glyphosate, the main ingredient in Monsanto’s widely used herbicide Roundup, will be added July 7 to California’s list of chemicals known to the state to cause cancer, according to a Reuters report Tuesday. This news comes after the company’s unsuccessful attempt to block the listing in trial court and requests for stay were denied by […]
San Francisco Is Burning by Jon Ronson…
A series of strange and unsettling fires in the Mission District have people wondering: Are the city’s landlords using arson to drive out low-income tenants? And is this the deadly endgame of gentrification and tech-boom greed? Jon Ronson investigates the mystery. I’m sitting by the fireplace, as I told him I would be. This is […]
Qatar Lifts Development Moratorium on World’s Biggest Gas Field…
Qatar has lifted a self-imposed moratorium on development of the world’s biggest natural gasfield after more than a decade, the chief executive of state energy company Qatar Petroleum said yesterday. The giant Gulf gasfield, which Doha calls the North Field and Iran calls South Pars, accounts for nearly all of Qatar’s gas production and about […]
REPORT: How the Federal Reserve Serves U.S. Foreign Intelligence…
The Federal Reserve’s little-known role housing the assets of other central banks comes with a unique benefit to the United States: It serves as a source of foreign intelligence for Washington. Senior officials from the U.S. Treasury and other government departments have turned to these otherwise confidential accounts several times a year to analyze the […]
‘Free Wage’ Recipients in Finland Report Less Stress & Greater Incentive to Work…
Participants in Finland’s universal basic income program say they are less stressed and more inspired to find a job than when they were receiving welfare. Under the pilot program aimed at tackling unemployment, 2,000 people have been given €560 every month for two years. The participants are not obliged to start looking for a job […]
U.S. Issues Arrest Warrants for Former VW Execs over Emissions Cheating…
The United States government has issued international arrest warrants for five former Volkswagen (VW) managers in connection with the dieselgate scandal. According to the Suddeutsche Zeitung newspaper, the five are accused of conspiring to commit fraud and violating US environmental regulations. At least two were reportedly confidants of former VW CEO Martin Winterkorn. The German […]
Bitcoin Is Money…
Up 158 percent against the U.S. dollar this year, bitcoin is now the best-performing currency. Many are confused as to how this mathematical protocol can be worth more than $2,600, and why it keeps going up. The short answer: Bitcoin is money, just a little better and cheaper than the alternatives. If you don’t understand […]
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