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Nobody ‘Stealing’ Your Jobs, You Spend to Much on Wars, Alibaba Tells U.S….

Chinese billionaire and Alibaba founder Jack Ma believes that improper distribution of funds and hyper inflated US military spending, not globalization or other countries “stealing” US jobs, is behind the economic decline in America. The Chinese business magnate earlier in January met with US President-elect Donald Trump, who has bemoaned the loss of American industry…

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Judge Blocks Giant Health Insurance Merger…

A federal judge on Monday blocked the merger of two of the largest health insurers in the country on antitrust grounds. Judge John Bates of the U.S. District Court for the District of Columbia ruled that the merger of Aetna and Humana would unacceptably cut down competition in Medicare Advantage and in the ObamaCare marketplaces…

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U.S. Government Caught Massively Fabricating Student Loan Default Data…

The Education Department released a memo saying that it had overstated student loan repayment rates at most colleges and trade schools and provided updated numbers. This also means that the number of loan defaults in various cohorts is far greater than previously revealed.

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Canada Given Advance Notice of Trump’s NAFTA Demands…

Billionaire investor Wilbur Ross, chosen by U.S. president-elect Donald Trump to reshape U.S. trade policy, has informed Canada that rules of origin and independent dispute tribunals will be central to talks aimed at resetting the North American free-trade agreement…

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The Davos Disconnect…

Six charts show why the people who are changing today’s world don’t care about the World Economic Forum. Never before has the gap between Davos Man and the real world yawned so widely. The top executives, financiers, academics and politicians making their way up the mountain to the World Economic Forum will be talking a […]

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Spotted In Davos: Anti-Drone Guns…

By now we are used to images of snipers on hotel rooftops protecting the world’s great-est-and-good-est from the evils of average-joe-ness. But this year it appears there is a new foe – the drone – and a new weapon to tackle it: the anti-drone gun…

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GM to Invest $1B in U.S., Add Jobs…

General Motors Co., days after being called out by President-elect Donald Trump for expanding operations in Mexico, plans to announce U.S. investments totaling at least $1 billion that would create more than 1,000 jobs, two people with knowledge of the plan said late Monday…

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Hyundai-Kia to Invest $3.1 Billion in U.S., Mull New Plant…

Hyundai Motor Co. and affiliate Kia Motors Corp. said they will spend $3.1 billion in the U.S. in the next five years, joining other vehicle manufacturers in announcing investment plans amid threats from President-elect Donald Trump of higher levies on auto imports from Mexico…

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Cory Booker Joins Senate Republicans to Kill Measure to Import Cheaper Medicine From Canada…

Bernie Sanders introduced a very simple symbolic amendment Wednesday night, urging the federal government to allow Americans to purchase pharmaceutical drugs from Canada, where they are considerably cheaper. Such unrestricted drug importation is currently prohibited by law. The policy has widespread support among Americans: one Kaiser poll taken in 2015 found that…

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Alibaba Hopes to Create 1 Million U.S. Jobs…

“We’re focused on small business,” Ma told reporters. “We specifically talked about … supporting 1 million small businesses, especially in the Midwest of America. Small businesses on the platform selling products — agriculture products and America services — to China and Asia, because we’re pretty big in Asia”…

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FBI Arrests Volkswagen Exec Charged with Conspiracy to Defraud the U.S….

Oliver Schmidt, who headed [VW] regulatory compliance office in the U.S. from 2014 to March 2015, was arrested on Saturday by federal investigators in Florida. In 2015, Mr. Schmidt acknowledged the existence of a so-called defeat device that allowed Volkswagen cars to cheat emissions tests…

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Analysis: GM Lied to the Public & Trump On Vehicles Made in Mexico…

On Tuesday, president-elect Trump tweeted about General Motors, stating the GM was building its Chevrolet Cruze in Mexico, importing them to the US tax-free, and selling them at US car dealers. GM quickly denied Trump’s tweet. But auto enthusiast E.W. Niedermeyer sheds light on some facts of GM’s tall tale…

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