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Business/Economy (General/Chat)

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  • Europe’s shift to dark green forests stokes global warming—study

    02/07/2016 8:09:47 AM PST · by Olog-hai · 24 replies
    Reuters ^ | Thu Feb 4, 2016 2:25pm EST | Alister Doyle
    An expansion of Europe's forests towards dark green conifers has stoked global warming, according to a study on Thursday at odds with a widespread view that planting more trees helps human efforts to slow rising temperatures. Forest changes have nudged Europe's summer temperatures up by 0.12 degree Celsius (0.2 Fahrenheit) since 1750, largely because many nations have planted conifers such as pines and spruce whose dark color traps the sun's heat, the scientists said. Lighter-colored broad-leafed trees, such as oak or birch, reflect more sunlight back into space, but have lost ground to fast-growing conifers, used for everything from building...
  • Helicopter Money Arrives: Switzerland Referendum to Hand Out $2500 Monthly To All Citizens

    01/30/2016 10:12:20 AM PST · by ak267 · 28 replies
    zero hedge ^ | 1-29-2016 | Tyler Durden
    With Citi's chief economist proclaiming "only helicopter money can save the world now," and the Bank of England pre-empting paradropping money concerns, it appears that Australia's largest investment bank's forecast that money-drops were 12-18 months away was too conservative. While The Finns consider a "basic monthly income" for the entire population, Swiss residents are to vote on a countrywide referendum about a radical plan to pay every single adult a guaranteed income of around $2500 per month, with authorities insisting that people will still want to find a job.
  • Hillary: Halt all fossil fuel extraction on federal lands

    02/07/2016 5:40:33 AM PST · by rktman · 32 replies
    canadafreepress.com ^ | 2/7/2016 | Dan Calabrese
    If you enjoyed paying $1.59 a gallon for gas this past weekend, understand a few things. To the extent domestic production affects this, the oil industry is mostly gettings its resources on private lands. That's because Obama, while he's happy to take credit for the increased productivity and lower prices, is fighting new leases on federal lands wherever he can. That's how he can reassure his left-wing base he's an enemy of the oil industry while also taking credit for the low prices. But there is some oil being extracted on federal lands, and if that stopped all at once,...
  • Windows 10 Nabs Number 2 Spot Behind Windows 7 among desktop environments

    02/06/2016 5:40:06 PM PST · by SeekAndFind · 19 replies
    Sci-Tech Today ^ | 02/06/2016 | Jeff Cozza
    It may have taken awhile, but the market is finally showing Windows 10 some love. Six months after its debut, the latest Microsoft operating system has climbed its way up to the number two spot among desktop environments, according to data from Net Market Share. With 11.85 percent of the market, Windows 10 has finally surpassed third place Windows XP, which still holds 11.42 percent of the desktop market. Neither Windows 10 nor XP comes close to the most popular operating system in the world, which remains Windows 7 with a whopping 52.47 percent of the desktop market. Microsoft ended...
  • Massive Waves at Mavericks, But Titans Surf Contest on Hold Due to Super Bowl 50 Blackout

    02/06/2016 2:18:39 PM PST · by nickcarraway · 8 replies
    NBC Bay Area ^ | 2/6 | Robert Handa
    Despite 20-foot waves with 40-foot faces, this weekend is being treated like a holiday, with blackout dates surrounding the big game in Santa Clara. The huge events surrounding the Super Bowl, as well as the resources needed to accommodate the big game, will leave the Titans of Mavericks Surf contest on the sidelines this week. The Pillar Point Harbor patrol continues to monitor the El Niño-powered waves pounding the Mavericks surf area in Half Moon Bay. Deputy Harbormaster Cary Smith says the 20-foot waves with 40-foot faces would be ideal for the contest. But Thursday is the first day of...
  • Auto Shop 'Cover-Up': Family Left With Thousands of Dollars in Damage After SUV Falls Off Lift

    02/06/2016 1:58:43 PM PST · by nickcarraway · 27 replies
    NBC Bay Area ^ | 2/5 | Bigad Shaban, Kevin Nious and Jeremy Carroll
    An NBC Bay Area Investigation reveals thousands of consumer complaints against auto repair shops are kept secret each year by a California agency created to protect consumers.Albert and Michelle Delao noticed some bizarre changes to their 2002 GMC Yukon after the couple hired an auto shop in San Jose to make a few repairs to the SUV. "When you turn the wheel [there were] cracking noises." Michelle Delao said. "Squeaking noises." The family would later discover that employees at their auto repair shop went to considerable lengths to hide serious damage that was done to the vehicle – more than...
  • Stock Market in 2016 compared to 2008

    02/06/2016 1:38:37 PM PST · by entropy12 · 12 replies
    Feb 06, 2016 | Self
    Chart comparing 2008 market behavior with 2016. But it is still too early in the year and 2016 may not repeat the stock market of 2008.
  • DEVIOUS OBAMACARE LIES FROM MIT ECONOMIST UNRAVELED IN JUST TWO MINUTES (GruberGate in Two Minutes)

    02/06/2016 1:01:39 PM PST · by Kid Shelleen · 8 replies
    Wedio ^ | 02/06/2016 | SANJAY TOKAS
    MIT economic scientist Jonathan Gruber is a devious liar who got paid millions of taxpayer dollars to help engineer key Obamacare deceptions that got the law passed. The now infamous Gruber helped Obamacare architects exploit "the stupidity of the American voter" to get Obamacare passed, a law which is now causing health insurance rates to skyrocket across the nation. --SNIP-- Up until the day Gruber was caught on video explaining how stupid the American voters were, democrats all but fell over each other in a race to heap praise upon Gruber as an economic genius. This is all part of...
  • Saudi Chemist Invents New Medical Technique

    02/06/2016 11:12:47 AM PST · by nickcarraway · 30 replies
    Arab News ^ | Tuesday 2 February 2016
    A Saudi woman has used her expertise in chemistry to develop a new device that can carry drugs to points of inflammation in the body. Ghada Mutlaq Al-Mutairi, 39, who currently lives in the United States and holds a doctorate in chemical engineering, works at the University of California. She received a $3 million global innovation award from HIN, the largest organization supporting scientific research in the United States. Her device, which was recognized as one of the four most important inventions by the United States Congress in 2012, provides a way to penetrate the body, detect inflammation, and provide...
  • Can slow creep along thrust faults help forecast megaquakes?

    02/06/2016 10:36:54 AM PST · by JimSEA · 9 replies
    Science Daily ^ | 2/4/2016 | University of California
    In Japan and areas like the Pacific Northwest where megathrust earthquakes are common, scientists may be able to better forecast large quakes based on periodic increases and decreases in the rate of slow, quiet slipping along the fault. This hope comes from a new study by Japanese and UC Berkeley seismologists, looking at the more than 1,000-kilimeter-long fault off northeast Japan where the devastating 2011 Tohoku-oki earthquake originated, generating a tsunami that killed thousands. There, the Pacific Plate is trundling under the Japan plate, not only causing megaquakes like the magnitude 9 in 2011, but giving rise to a chain...
  • World's tallest skyscraper will be a MILE HIGH and twice as tall as the Burj

    02/06/2016 8:00:44 AM PST · by upchuck · 66 replies
    The Sun ^ | circa Feb 5, 2016 | Hanna Alberts
    Plans are underway to build a MILE-HIGH skyscraper in Japan. If approved the huge tower would be the tallest building in the world, dwarfing the current record-holder, the Burj Khalifa in Dubai which is half as tall at 2,717ft (828m). Located in Tokyo Bay, an inlet southeast of the city proper, the plan - dubbed Next Tokyo - wouldn't just be a single massive building, but if approved would emerge as a mini city designed to combat climate change. Envisioned as part of Tokyo's effort to protect itself from rising tides, Next Tokyo would feature a chain of man-made,...
  • Canalsys: Apple shipped over 12 million Apple Watches in 2015:

    02/05/2016 7:42:26 PM PST · by Swordmaker · 34 replies
    Mac Daily News ^ | February 5, 2016 | Canalys
    Canalys: Apple shipped over 12 million Apple Watches in 2015: Two-thirds of all smart watches sold in 2015 Apple dominated the smart watch market in 2015, accounting for over 12 million units and two-thirds of all shipments according to Canalys estimates. Samsung placed a distant second in Q4. Pebble trailed in third and Huawei came fourth. Basic bands exceeded 37 million shipments for the year. Fitbit set a quarterly shipments record as it comfortably led the category. Xiaomi held second place, shipping 12 million Mi Bands during 2015. “Cashing in on holiday sales, Apple managed to rack up over five...
  • Brett Favre a shoo-in for Pro Football Hall of Fame

    02/05/2016 7:01:34 PM PST · by Extremely Extreme Extremist · 14 replies
    WBAY.COM ^ | 05 FEBRUARY 2016 | WBAY.COM
    It's the definition of a "sure thing." The next class of the Pro Football Hall of Fame will be announced Saturday, and former Green Bay Packers quarterback Brett Favre is sure to be inducted. It's #4's first time on the Pro Football Hall of Fame ballot, but his stats and stature make him a shoo-in. "Nothing is ever a lock, but I am honored to be here," Favre told NFL Network. "I never dreamed of MVP, I never dreamed of the Hall of Fame, I dreamed of playing. And running out with my helmet off, like I did in the...
  • Starbucks 'Gender Wall' Collapses; Women Barred

    02/05/2016 2:58:32 PM PST · by nickcarraway · 19 replies
    Emirates 24/7 ^ | Sunday, January 31, 2016
    Women told to send in their drivers insteadSaudi Arabia’s religious police barred women from entering a Starbucks coffee shop after a gender-separating wooden wall collapsed many times under customer stampedes, a newspaper reported on Sunday. Women going to the café in the capital Riyadh were surprised to find a board placed at the door, telling them to keep out of the place. The Arabic language daily 'Al Weaam' said the Commission for the Promotion of Virtue and Prevention of Vice, the most influential law enforcing authority in the conservative Gulf Kingdom, ordered the café’s management not to admit women....
  • ESPN: AGENT DROPS TROUBLED FOOTBALL STAR JOHNNY MANZIEL

    02/05/2016 1:17:25 PM PST · by Extremely Extreme Extremist · 24 replies
    ABC 13 HOUSTON ^ | 05 FEBRUARY 2016 | ABC 13 HOUSTON
    In the latest development in the Johnny Manziel saga, his agent released a statement Friday saying he is cutting ties with the Cleveland Browns quarterback. "It is with deep regret that, after several emotional and very personal discussions with his family, his doctors and my client himself, I have made the decision to terminate my professional relationship with Johnny Manziel," agent Erik Burkhardt said in a statement.
  • BOY, 8, ATTEMPTS TO ROB STORE WITH MOM'S LOADED GUN

    02/05/2016 1:10:05 PM PST · by Extremely Extreme Extremist · 14 replies
    ABC 7 CHICAGO ^ | 05 FEBRUARY 2016 | ABC 7 CHICAGO
    WEST PALM BEACH, FL -- An 8-year-old is accused of stealing his mother's loaded gun and trying to rob a grocery store in Florida. The boy is seen on surveillance video during the attempted robbery. He rode his bicycle to the store and is still wearing his helmet when he goes inside. He walked around for about a minute. Authorities say he then pulled the gun, approached the cashier and a store employee told station WPBF he demanded money. Another employee managed to take the gun from him. WPBF reports the gun was loaded, but no bullet was in the...
  • Scammers target supermarket self-checkout lines

    02/05/2016 1:04:35 PM PST · by Extremely Extreme Extremist · 6 replies
    WTSP.COM | 05 FEBRUARY 2016 | 10 NEWS TAMPA BAY
    http://www.wtsp.com/story/money/2016/02/05/scammers-target-supermarket-self-checkout-lines/79865294/
  • Police focus on child sex predators in Wisconsin Dells

    02/05/2016 1:00:52 PM PST · by Extremely Extreme Extremist · 5 replies
    WISN.COM ^ | 05 FEBRUARY 2016 | WISN.COM
    WISCONSIN DELLS, Wis. --It's a popular Wisconsin tourist destination, but police say it is also attractive to child predators. The Wisconsin Dells, billed as the Waterpark Capital of the World, boasts more than 4 million visitors each year. But it could also be swimming with unfavorable clientele. WISN 12 News obtained video from Lake Delton police showing Pedro Esquivias floating in a wave pool at Mt. Olympus. Police said he was targeting sisters that were 12 and 19 years old. They said when the big waves hit, so did he. Prosecutors charged him with felony sexual assault of a child....
  • Apple now accepting your banged-up iPhone

    02/05/2016 12:46:46 PM PST · by Olog-hai · 1 replies
    Associated Press ^ | Feb. 5, 2016 2:28 PM EST
    Apple for the first time is accepting banged up iPhones as a trade-in from those wanting to upgrade. Until now, Apple offered credit to iPhone owners only if the device had an intact screen and working buttons. Apple hopes that with more leeway, applicable only to iPhone 5 and later models, more people will upgrade to new iPhones. ...
  • Google And Samsung At War Over Ads

    02/05/2016 10:29:40 AM PST · by Swordmaker · 1 replies
    Forbes ^ | February 4, 2015 | Ian Morris
    Samsung launched an Ad Blocker for its phones on the Google Play store called Adblock Fast earlier this week. Google has since pulled the app, claiming that it's in breach of the developer agreement. Specifically section 4.4, which prevents apps from messing with third-party services. It reads: You agree that you will not engage in any activity with the Store, including the development or distribution of Products, that interferes with, disrupts, damages or accesses in an unauthorised manner the devices, servers, networks or other properties or services of any third party including, but not limited to, Android users, Google or...
  • If Bill Gates really wants to help education…..

    02/05/2016 10:22:34 AM PST · by BruceDeitrickPrice · 15 replies
    linkedin.com/pulse ^ | Jan 5, 2015 | Bruce Deitrick Price
    Bill Gates is one of Americas greatest business geniuses. But when he turned to education, his magic touch vanished. He is now known as the man who squandered several billion dollars trying to foist Common Core on a combattive public. Indeed, Common Core is so unpopular that its very mention quickly doomed Jeb Bushs presidential campaign. Today, Donald Trump casually promises that he will get rid of it forever; and audiences cheer. Why Bill Gates felt he should promote this thing is a major mystery. Here is a possible theory. When a tycoon decides he wants to help public schools,...
  • Yes, Ted Cruz Is A Natural Born Citizen

    01/10/2016 10:01:39 AM PST · by raptor22 · 194 replies
    American Thinker ^ | January 10, 2016 | Daniel John Sobieski
    Even Donald Trump thought so, at least before Ted Cruz slipped past him to top the Iowa polls. As recently as last August Trump was saying all the legal people he talked to vouched for Ted Cruz’s eligibility to be president. As ABC News reported The Donald’s flip-flop: Republican presidential candidate Donald Trump has reversed his position on Ted Cruz’s eligibility to run for president, now saying his Canadian birthplace shouldn’t disqualify him.
  • Earth, Wind & Fire founder Maurice White dead at 74

    02/04/2016 3:05:22 PM PST · by Extremely Extreme Extremist · 83 replies
    FOXNEWS.COM ^ | 04 FEBRUARY 2016 | FOX NEWS
    NEW YORK – Earth, Wind & Fire founder Maurice White, whose horn-driven band sold more than 90 million albums and made hits like "September," ''Shining Star" and "Boogie Wonderland," died Wednesday at his home in Los Angeles, his brother Verdine said. White, who was 74, suffered from Parkinson's Disease and had retreated from the public even as the band he founded kept performing.
  • Clippers owner Steve Ballmer says Blake Griffin will face some consequences

    02/04/2016 12:37:06 PM PST · by EveningStar · 12 replies
    Los Angeles Times ^ | February 5, 2016 | Dylan Hernandez
    ... In his first interview since Blake Griffin punched out the team's assistant equipment manager, the Clippers owner [Steve Ballmer] sounded as if he was prepared to discipline his All-Star forward. Asked Wednesday night if he felt it necessary for the Clippers to take the kind of action that would represent what they stand for, Ballmer didn't hesitate. "There need to be consequences," he said. "It's the right thing to do." ...
  • Turbotax tech support - worst ever?

    02/04/2016 11:52:55 AM PST · by Oshkalaboomboom · 21 replies
    Vanity | 04 Feb 2016 | Oshkalaboomboom
    I tried my first E-file using Turbotax a few days ago. It gave me an error right away over my wife's 2 measly pension payouts from England which total about $1400. The problem is that there is no Employer Identification Number (EIN) for the 2 funds. When we mailed in our returns this was never a problem, we always got our refunds and have never been questioned over it. I couldn't find an answer on the Turbotax website so I did a generic workaround by putting 11-111111 as the EIN. That let me efile but a day later they both...
  • Roger Goodell: Women will interview for open executive jobs

    02/04/2016 10:41:24 AM PST · by EveningStar · 30 replies
    ESPN ^ | February 4, 2016 | Jane McManus
    NFL commissioner Roger Goodell said Thursday the league is going to institute a Rooney Rule for women when it comes to all NFL executive positions. He announced the decision in opening remarks at NFL Women's Summit, where roughly 250 men and women associated with the league are gathered to listen to a slate of speakers on issues affecting women in sports.
  • On the biased nature of the media: Apple vs. Alphabet in the ‘most valuable company’ race

    02/04/2016 9:52:34 AM PST · by Swordmaker · 14 replies
    Mac Daily News ^ | Thursday, February 4, 2016 · 9:28 am
    Currently, the market value of Apple Inc. is $534.22 billion. The market value of Alphabet Inc. (Google) is $499.67. That's a gap of $34.55 billion or, in other words, right around $8 billion more than the current value of Sony Corp. Let's pause here to let that fact really sink in. Okay, now after being momentarily eclipsed due to the vagaries of the market, which generated a veritable avalanche of news articles, Apple quickly reassumed the throne as the world's most valuable company. You'd think this would be big news. Or at least equally as big. Close to as big?...
  • True scale of Apple’s spaceship campus revealed in new flyover video

    02/04/2016 12:24:27 AM PST · by Swordmaker · 46 replies
    Digital Trends ^ | February 3, 2016 | By Trevor Mogg
    In the latest drone flyover video of Apple's so-called "spaceship" campus, the true scale of the ambitious project has never been clearer. The footage, uploaded to YouTube this week by drone enthusiast Duncan Sinfield, shows that the gargantuan circular structure is moving steadily toward completion, with significant progress made in the last five months alone. The swish new headquarters will become the workplace of some 14,000 Apple employees when it opens its doors toward the end of this year or early next. Besides the main building, the footage also gives us a look at what'll be the circular entrance to...
  • CBO: Obamacare Costs to Increase in 2016 As Millions More Get Subsidized Insurance

    02/03/2016 9:17:16 PM PST · by Olog-hai · 7 replies
    Cybercast News Service ^ | February 2, 2016 | 4:40 PM EST | Barbara Hollingsworth
    Taxpayers will have to shell out an estimated $18 billion more to subsidize Obamacare in 2016 despite lower than expected enrollment in the health care exchanges, according to a forecast by the non-partisan Congressional Budget Office (CBO). In its latest 10-year economic forecast, CBO predicted that 13 million Americans would purchase health insurance through the Obamacare exchanges in 2016, with 11 million of them receiving government subsidies to help pay for their premiums. But that figure is 40 percent lower than the 21 million enrollees CBO predicted last year would sign up. ...
  • Apple hit with $626 million damages in patent case

    02/03/2016 8:38:45 PM PST · by Swordmaker · 14 replies
    Computerworld New Zealand ^ | 04 February, 2016 09:20 | Martyn Williams (IDG News Service)
    A jury in the Eastern District of Texas found for patent licensing company Virnet X A jury in Texas has decided Apple must pay $626 million for infringing four patents held by a Nevada-based patent licensing company. The patents cover technology used in Apple's VPN on Demand software back to 2009, its FaceTime messaging system back to 2010, and its iMessage software. The trial follows one in 2012 in which Apple was found to infringe on Virnet X patents but managed to overturn the verdict on appeal. On Wednesday, a jury in the Eastern District of Texas found for VirnetX...
  • Abortion Providers Argue For Back Alley Abortions

    02/03/2016 7:28:05 PM PST · by Morgana · 1 replies
    thefederalist.com ^ | February 3, 2016 | Mailee Smith
    When the Supreme Court reviews the Texas abortion case, Whole Woman’s Health v. Hellerstedt (formerly Cole), abortion providers’ deadly game will have prompted a discussion about what is more important: “access” to the current back alley of abortion now offered by an industry that puts profits over people, or commonsense health and safety standards the Court has historically supported. The stakes are high—life and death—and encompass more than whether the Texas provisions in House Bill (HB) 2 are constitutional. To be sure, the law Texas passed in 2013—requiring abortion clinics to meet commonsense health and safety standards and requiring abortion...
  • A Simple Guide for Buying and Carrying a Self-Defense Handgun

    02/03/2016 5:41:11 PM PST · by Extremely Extreme Extremist · 50 replies
    KEEP AND BEAR ARMS ^ | UNKNOWN | BRIAN PUCKETT
    You might be a woman looking for your first self-defense handgun. Or you might be a lifelong "gun person" that people come to for advice about guns. Either way this article is for you. Every day, people who have never owned any sort of gun -- perhaps have never even shot one -- decide to get a self-defense handgun. They aren't gun people, they aren't going to become gun people, they aren't going to hunt or target shoot, they aren't going to practice a lot. But they want a home-defense handgun, and they want one suitable for concealed carry if...
  • The Deadly Zika Virus is Available For Sale Online, Courtesy of the Rockefeller Foundation

    02/03/2016 2:22:35 PM PST · by nickcarraway · 9 replies
    Free Thought Project ^ | February 2, 2016 | John Vibes
    Recent outbreaks of a sickness known as the Zika virus have sparked hysteria across the globe, and many reports have actually indicated that this is likely a man-made disaster, as the origin of Zika itself is somewhat strange. The virus was “discovered” in 1947, however, it was not discovered in the wild nor did it spontaneously arise. In fact, it was discovered by Rockefeller Foundation scientists in a monkey that they had in captivity, leading many to believe that this was the result of some type of experiment. Since then, cases of Zika have been extremely rare, but in the...
  • Are These $15 Milkshakes Worth an Hour Wait and 1,600 Calories?

    02/03/2016 1:02:35 PM PST · by nickcarraway · 23 replies
    New York Post ^ | January 27, 2016 | Steve Cuozzo
    It was showdown time at Black Tap: me, a Type 2 diabetes “sufferer” with a sweet tooth, facing down the most notoriously sugary dessert in town. Could I attack the burger joint’s Instagram-famed milkshakes without propelling my glucose levels into the ozone layer? SNIP he überhyped shakes, which were added to the menu in November, sure look like fun. Mosaics of colorful candies and other confections adorn them like costume jewelry. SNIP
  • Burger King Offering Extra-Long Burger Smothered in Butter

    02/03/2016 11:25:37 AM PST · by nickcarraway · 75 replies
    KFOR ^ | K. QUERRY | FEBRUARY 3, 2016
    Fast-food chain Burger King has added a new treat to its arsenal. Behold: the Extra Long Buttery Cheeseburger. It features two patties covered in a buttery garlic sauce and is served on a toasted hoagie bun. There are veggies on it too, for you health nuts who may be worried the extra long buttery cheeseburger isn’t for you. Mashable reported that Burger King began rolling out the new burger on Monday. The item will reportedly be featured on the restaurant’s 2 for $5 menu. According to Burger King’s website, the sandwich contains 710 calories. So to all those Burger King...
  • Why switch to Windows 10 or a Mac when you can use Linux Mint 17.3 instead?

    02/03/2016 11:22:43 AM PST · by dennisw · 81 replies
    zdnet ^ | February 3, 2016 | Steven J. Vaughan-Nichols
    My buddy David Gewirtz recently wrote about the question of whether you should move from Windows 7 to Windows 10 or a Mac. I have another suggestion: Linux. Specifically Linux Mint 17.3, Rosa, with the Cinnamon desktop. Linux Mint 17.3 is a great replacement for Windows 7. In fact, it's a great desktop operating system period. sjvn Yes, I'm serious. I use all the above desktops -- yes I'm a Windows 7 and 10 user as well as a Linux guy -- and for people I think Mint 17.3 makes a great desktop. I've been using Mint as my main...
  • Owner blames 'new generation' of staff for eatery closure, sparks social uproar

    02/03/2016 11:12:59 AM PST · by rickmichaels · 22 replies
    680 News ^ | February 3, 2016 | Canadian Press
    A Halifax-area restaurant owner has sparked a social media uproar by complaining that a “frustrating new generation” of employees with a poor work ethic has helped kill her business. A Facebook post Tuesday from Kim Stacey, owner of the now-defunct Emma’s Eatery, cites several reasons for the closure - but much of the online jousting is over her decision to highlight what she describes as the entitled attitude of young Nova Scotians. In her post, Stacey complains that during the nine years the Eastern Passage eatery was open, young employees demanded to be “paid dearly” for working shifts that did...
  • Toyota discontinues Scion after years of slumping sales

    02/03/2016 10:19:03 AM PST · by Olog-hai · 32 replies
    Associated Press ^ | Feb 3, 2016 11:32 AM EST | Dee-Ann Durbin
    Toyota is killing its Scion brand after years of slumping sales. Beginning in August, 2017 model-year Scion vehicles will be rebadged as Toyotas. The FR-S sports car, iA sedan and iM 5-door hatchback, as well as the C-HR, which recently debuted at the L.A. Auto Show, will be a part of the Toyota line-up. The tC will have a final release series edition and end production in August, according to Toyota Motor Corp. Scion was formed in 2003 to attract younger buyers. [...] But there were multiple problems. The Millennials that the Scion was aiming for held back on big...
  • North America, China power GM to record $9.7b annual profit

    02/03/2016 10:09:04 AM PST · by Olog-hai · 6 replies
    Associated Press ^ | Feb 3, 2016 12:25 PM EST | Tom Krisher
    If you're an automaker, especially one from Detroit, conditions probably aren't going to be better for you to make a lot of cash. For General Motors, that's what happened last year as the company posted a record $9.7 billion net profit. [...] Yet even with the earnings, GM gets no respect from the stock market. Its shares were down 3.5 percent at midday Wednesday to $28.61. Investors haven't been kind to auto stocks for years. GM shares are down more than 15 percent in the past year, and are more than $4 below the company's initial public offering price of...
  • Tesla's worst nightmare ... cheap gas

    02/03/2016 9:33:06 AM PST · by Signalman · 40 replies
    Tesla (TSLA) stock is down more than 25% so far this year. It hit its lowest level since February 2014 on Wednesday. Wall Street has grown increasingly skeptical about the company in recent weeks. Adam Hull, an analyst with European investment bank Berenberg, initiated coverage on Tesla Wednesday with a sell rating. Pacific Crest analyst Brad Erickson said in a report Tuesday that investors should "avoid" Tesla stock. He cited concerns about sluggish demand for the company's new Model X crossover. And even longtime Tesla bull Adam Jonas of Morgan Stanley, is suddenly feeling a little less optimistic about the...
  • Toyota killing its Scion brand

    02/03/2016 8:46:26 AM PST · by C19fan · 53 replies
    Fox News ^ | February 3, 2016 | Staff
    Toyota is committing corporate filicide. The automaker has announced that it is killing its youth-oriented Scion brand and transitioning the models currently sold by the division to Toyota in August. Scion was launched in 2002 in an effort to attract younger car buyers to the Toyota fray, and was successful at that. Its average customer age of 36 is the lowest in the automotive industry, but its overall sales peaked at 173,034 in 2006 and were just 56,167 last year.
  • How Garden & Gun Magazine Defies Industry Slump

    02/03/2016 7:51:13 AM PST · by DUMBGRUNT · 19 replies
    Wall Street Journal ^ | 1 feb 2016 | JEFFREY A. TRACHTENBERG
    Since it made its debut in April 2007, the publication has hewed to its own course, focusing on everything Southern from ham biscuits to bird-dog trainers... it remains tightly focused on food, drink, the land, travel, and the sporting life, including bird hunting and shotguns. Roughly 72% of subscribers live in the Southeast or Southwest... “Our audiences are very different,” said Sid Evans, the former editor-in-chief of Garden & Gun who now edits Southern Living. He noted that more than 90% of Southern Living’s subscribers are female. Women account for about 47% of Garden & Gun’s subscribers.... At a time...
  • The Good News in American Higher Education: A number of hopeful, emerging trends

    02/03/2016 7:42:09 AM PST · by SeekAndFind · 1 replies
    American Thinker ^ | 02/03/2016 | By Bonnie Snyder
    There are a number of significant challenges in higher education today, including rising costs, diminishing returns, and the stifling effects of runaway political correctness on academic inquiry. That being said, it’s not all bad news. In fact, there are a number of hopeful, emerging trends that promise to create new and expanded opportunities for students while fostering a healthier campus intellectual climate: 1. Declining Number of Applicants – The number of college applicants peaked in 2009… around the same time the number of jobs for graduates bottomed out. What a disaster! Since then, due to demographic realities, the number...
  • Apple Inc. in Ottawa: Slicing through the speculation

    02/02/2016 10:09:56 PM PST · by Swordmaker · 3 replies
    Ottawa Citizen ^ | February 1, 2016 | By VITO PILIECI
    With Apple Inc.’s intentions still unclear, there is much speculation surrounding exactly what the arrival of the global technology heavyweight could mean to Ottawa’s tech sector.Apple has remained silent about its plans for a 22,000-square-foot space under renovation in Kanata, or how its new vice-president of core operating systems, Sébastian Marineau-Mes, will build out the company’s Ottawa team.But in the rumours and discussion spurred by Apple’s pending arrival, some common themes are emerging. The most prominent is that its current space is just the beginning of what will become a much larger research and development centre that could employ as many as 200.That isn’t so far-fetched. Apple is on...
  • Faced with weak growth, has Samsung lost its vision?

    02/02/2016 9:31:58 PM PST · by Swordmaker · 41 replies
    English Language The Hankyoreh ^ | Jan.29,2016 18:05 KST | By Lee Jeong-hun, staff reporter
    Samsung Electronics sales and general management costs; R&D costs (won) The company has cut staff and reduced R&D spending in an effort to manage the situation, but some experts criticize the moves as shortsighted In 2009, Samsung Electronics outlined a list of aggressive goals as part of its "Vision 2020." Its aim was to achieve US$400 billion (483 trillion won) in sales, rank first in the IT industry, and place fifth in the world for brand value by the year 2020. A brief spike in smartphone sales inspired confidence that its targets might be within reach. Now many executives...
  • Oil plunge knocks wind out of shariah compliant funds

    02/02/2016 7:22:42 PM PST · by wtd · 5 replies
    GulfNews ^ | January 31, 2016
    Oil plunge knocks wind out of shariah compliant funds Sales of the products fell more than 75% last year compared with 2014 London: The fall in the oil price has claimed another victim. Sharia-compliant funds have suffered their worst sales in four years as the price of oil plummets and tensions in the Middle East spook investors. Sales of the products fell more than 75 per cent last year compared with 2014. The slowdown is a big setback for the fledgling $60 billion (Dh220.38 billion) Islamic fund industry, which only began finding its feet in recent years, and raises...
  • Cobalt, Chaucer Offer 1st Lloyd’s Shariah Compliant Political Violence Cover

    02/02/2016 7:14:13 PM PST · by wtd · 1 replies
    Insurance Journal ^ | Feb. 2, 2016
    Shariah compliant jihad insurance?... Cobalt, Chaucer Offer 1st Lloyd's Shariah Compliant Political Violence CoverShariah compliant managing general agent Cobalt Underwriting has launched a new political violence product backed by Chaucer. Cobalt, the London market’s only Shariah compliant underwriting agency, will offer the product with Lloyd’s capacity provided by Syndicate 2084, the Shariah compliant component of Chaucer Syndicate 1084.
  • Pack your bags, Wall Streeters: Your jobs are moving to Nashville

    02/02/2016 2:41:47 PM PST · by SeekAndFind · 10 replies
    Business Insider ^ | 02/02/2016 | Matt Turner
    UBS has a plan to move about 2,500 jobs to low-cost locations such as Poland, India, China, and Nashville, Tennessee, over the next year. Yes, Nashville. The bank announced fourth-quarter results on Tuesday, and in an accompanying presentation it set out examples of cost cuts in the corporate center, which houses things like human resources and IT. As the chart below shows, the bank has created 500 jobs in Nashville since the end of 2014, and plans to add another 100. Admittedly, that isn't a huge number. The Americas business at UBS made 2.8 billion Swiss francs in the fourth-quarter...
  • Why Drunk Brit Bought £300 of Pizzas for Complete Strangers Online in America

    02/02/2016 2:32:23 PM PST · by nickcarraway · 5 replies
    Mirror ^ | ALEXANDER LERCHE
    Thoughtful Daniel Sobey-Harker was labelled the 'Jesus of the internet' when he showered commenters online with free pizzaA British man has spent more than £350 buying pizzas for complete strangers in the United States of America - because he was drunk. Daniel Sobey-Harker generously put a post on social media site Reddit offering to buy a pizza for someone in the US. But the 27-year-old got into a bit of hot water when he was struggling with payment options. He eventually purchased two digital Bitcoins, completely unaware that they were worth £350. Daniel revealed that he became so frustrated...
  • Aliens find Earth relics in Super Bowl ad: Scott Baio, The Dress and avocados

    02/02/2016 10:51:04 AM PST · by SMGFan · 5 replies
    Zap2it.com ^ | February 2, 2016
    Avocados from Mexico has spent some big bucks to buy an ad during Super Bowl 50, which debuted on early on Facebook. In the spot, an alien tour guide is showing his fellow extraterrestrials “the bounty of Earth,” which includes “the cube of Rubik described as a “simple puzzle [that] was actually considered unsolvable by the humans.” There are also airplane seats, “a 21st century torture device”; the alphabet, which is made up entirely of emojis; the infamous “white and gold dress that caused a civil war”; and Scott Baio in a cage