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Business/Economy (General/Chat)

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  • A Few Dems Appear At White House With Trump After Puerto Rico Romp With Lobbyists

    01/16/2019 12:08:07 PM PST · by CaliforniaCraftBeer
    Si En En Senior ^ | January 19, 2019 | Ashley Killough
    Democratic Reps. Josh Gottheimer of New Jersey, Thomas Suozzi of New York, Vincente Gonzalez of Texas, Anthony Brindisi of New York, Dean Phillips of Minnesota, Max Rose of New York and Abigail Spanberger of Virginia attended the midday White House meeting in the Situation Room. The lawmakers are not part of Democratic leadership, which has been leading congressional negotiations, and are rank-and-file members mostly hailing from more moderate congressional districts...
  • The bad bet: How Illinois bet on video gambling and lost

    01/16/2019 11:41:22 AM PST · by DUMBGRUNT · 9 replies
    Chicago Sun Times ^ | 16 Jan 2019 | Jason Grotto and Sandhya Kambhampati
    Within months of the law’s passage, the state began borrowing hundreds of millions of dollars against the anticipated revenue. Bond documents claimed video gambling machines would raise $300 million each year to help cover the debt payments. It wasn’t until 2017, eight years after the legalization of video gambling, that the state came close to collecting that amount. By then, video gambling had brought in less than $1 billion to pay the bond debt — $1.3 billion short of what lawmakers anticipated. But the costs of video gambling had already exacted a heavy toll on the state.
  • Who Is MacKenzie Bezos? A woman who was an integral part of Amazon's origin story

    01/16/2019 10:03:58 AM PST · by SeekAndFind · 51 replies
    New York Times ^ | 01/12/2019 | By Jonah Engel Bromwich and Alexandra Alter
    In her 25 years of marriage to Jeff Bezos, MacKenzie Bezos has been a loyal ambassador for Amazon, the company that made her and her husband the richest couple in the world. She was an integral part of its origin story, driving to Seattle in 1994 while Mr. Bezos sat in the passenger seat, working on the nascent company’s business plan. She was Amazon’s first accountant and was involved in its transformation from a small online bookseller to the e-commerce behemoth it is today, the second company in American history to be valued at over a trillion dollars. Ms. Bezos,...
  • California set to seize 1,100 miles of coastline

    01/16/2019 9:10:46 AM PST · by Olog-hai · 57 replies
    American Thinker ^ | January 16, 2019 | Chriss Street
    The California Coastal Commission is set to empower local government to take thousands of properties through eminent domain along 1,100 miles of coastline to prepare for sea level rise. Despite California being battered by 4-8 inches of torrential rain and flooding from an El Niño weather cycle, E&E News reported that the State of California in late January will authorize eminent domain authority for local jurisdictions to implement a “managed retreat” policy that will allow taking and demolishing coastal homes and businesses. […] CCC retreat guidance is expected to also entail dismantling and relocating of dozens of wastewater treatment and...
  • Meet Your New Boss: Buying Large Employers Will Enable China To Dominate U.S. Communities

    01/16/2019 7:53:21 AM PST · by SeekAndFind · 33 replies
    Seeking Alpha ^ | Michael T. Snyder
    Are you ready for a future where China will employ millions of American workers and dominate thousands of small communities all over the United States? Such a future would be unimaginable to many Americans, but the truth is that it is already starting to happen. Chinese acquisition of U.S. businesses set a new all-time record last year, and it is on pace to absolutely shatter that record this year. Meanwhile, China is voraciously gobbling up real estate and is establishing economic beachheads all over America. If China continues to build economic power inside the United States, it will eventually become...
  • Hundreds of British men threaten to boycott Gillette over #MeToo-inspired advert [tr]

    01/16/2019 6:22:44 AM PST · by C19fan · 27 replies
    UK Daily Mail ^ | January 15, 2019 | Zoie O'Brien
    Hundreds of British men are threatening to boycott Gillette over a new advert which references bullying, the #MeToo movement and 'toxic masculinity' Social media was deluged with outraged males who vowed never to buy any more products from the firm after the commercial went viral. It shows a man talking over a woman in a boardroom, boys fighting and grown men ignoring them saying 'boys will be boys'. It later features men wolf whistling at women without being countered by their peers.
  • Apple books 50 daily flights to China, spends $150 million a year with a single airline

    01/16/2019 2:12:27 AM PST · by SunkenCiv · 17 replies
    Yahoo Finance ^ | January 14, 2019 | (Deleted account)
    The increasing cost of the latest iPhone models may be starting to make sense. An internal United promotional sign has leaked with details about the company’s top business accounts. The most notable takeaway: Apple spends $150 million a year with the airline. That’s a lot. Curious who are @United largest global corporate accounts? @Apple is in the top spot and contributes very much to success of SFO international flying especially the Shanghai service #UnitedAirlines #United #Apple #SFO #PVG #Shanghai #China -- LAflyer (@LAflyr) January 11, 2019 With $150 million in revenue generated for United, Apple is the airline’s largest...
  • Alexandria Ocasio-Cortez (AOC) 60 Minutes Interview: Mr Spock finds her "HIGHLY ILLOGICAL"

    01/16/2019 1:47:04 AM PST · by real saxophonist · 16 replies
    YouTube ^ | 8 Jan 19 | Ovation Eddie
  • Former East Bay gang member launches completely green company, hires ex-felons

    01/15/2019 6:55:26 PM PST · by NohSpinZone · 15 replies
    KTVU ^ | 12/20/18 | By Rob Roth
    Vericool is a local company that is not only completely green, but it was founded by a former East Bay gang member who now hires ex-felons who are getting out of jail. Darrell Jobe launched the company in a factory in Livermore. There, workers make packing boxes and shipping containers, but they are also helping the environment. Half the people who work in the factory have been in jail or prison. When Kyil Parker got out of jail for dealing drugs, no one would hire him.
  • Use this calculator and see how the tax bill will affect your...

    01/15/2019 6:34:29 PM PST · by entropy12 · 15 replies
    CNN ^ | Tal Yellin
    This calculator provides a window into how the tax bill being passed by Congress could affect your after-tax income if your main source of income is a paycheck. It does not take into account the effects of the repeal of the health care individual mandate or the potential economic growth that may result from the bill's provisions.
  • The real Pinkertons aren't happy with 'Red Dead Redemption 2'

    01/15/2019 3:31:16 PM PST · by BenLurkin · 3 replies ^ | 01/15/2019 | Jon Fingas
    The Pinkertons loom large as virtual adversaries in Red Dead Redemption 2, but now they're involved in a very real legal tussle over the game. Pinkerton Consulting & Investigations has sent Rockstar Games a cease and desist notice claiming that RDR2 used the company's trademarks, including the Pinkerton's National Detective Agency badge, without permission. It also alleges that the game will "tarnish the reputation" of the trademarks by portraying the 19th century detectives as foes, according to court documents obtained by The Blast. Pinkerton made clear that it wanted money in the request. It was happy to talk about a...
  • Why Old-Fashioned, Over-the-Air TV Is Booming

    01/15/2019 2:40:05 PM PST · by Openurmind · 150 replies
    Fortune ^ | 1/15/19 | Aaron Pressman
    About one in seven American households is watching old-fashioned, over-the-air television broadcasts, an increasingly appealing choice for former cable customers who have “cut the cord” but still want to catch up with their local news and network stations. The new data from market research firm Nielsen shows that over-the-air viewing increased to 14% of all homes last year from 9% in 2010. At the same time, the percentage of households subscribing to cable or satellite TV peaked at 88% in 2010 and has since sunk to 79%, according to surveys by the Leichtman Research Group. Catching free over-the-air broadcasts simply...
  • Costco Is Selling a 27-Lb. Bucket of Mac and Cheese with a 20-Year Shelf Life

    01/15/2019 2:27:48 PM PST · by EveningStar · 84 replies
    People ^ | January 10, 2019 | Georgia Slater
    Oh Costco, you’ve truly outdone yourself this time. The wholesale store just figured out a way to make sure you will never run out of mac and cheese again: sell it in a 27-lb. tub. You read that correctly, 27 lbs. That’s as much as about 100 baseballs, half a bale of hay or your average 3-year-old child.
  • Our day with Idiot Strike Teachers in L.A.

    01/15/2019 11:47:00 AM PST · by max americana · 27 replies
    max's madness | 1/15/2018 | max
    Just finished shooting the initial day for a commercial at L.A. 's subway system because we thought it was going to rain and didnt want the actors to get wet for later outside shots.. The stupid overpaid teachers were making a big ruckus and taking the trains to DT L.A to protest again. I know for a fact, these clowns would never get caught taking the subway and ride cars to work. Our director told them to nicely pipe down/shut up due to the scene and it was costing us per scene He even added he gets it but this...
  • Hong Kong scientists claim 'broad-spectrum' antiviral breakthrough

    01/15/2019 10:42:00 AM PST · by Red Badger · 7 replies ^ | January 15, 2019 | AFP Relax News
    Hong Kong scientists claim they have made a potential breakthrough discovery in the fight against infectious diseases -- a chemical that could slow the spread of deadly viral illnesses. A team from the University of Hong Kong described the newly discovered chemical as "highly potent in interrupting the life cycle of diverse viruses" in a study published this month in the journal Nature Communications. The scientists told AFP Monday that it could one day be used as a broad-spectrum antiviral for a host of infectious diseases -- and even for viruses that have yet to emerge -- if it passes...
  • Cancer Cells Transformed into Harmless Fat in Mouse Study

    01/15/2019 10:39:29 AM PST · by Red Badger · 23 replies ^ | January 15, 2019 07:14am ET | By Rachael Rettner, Senior Writer
    Imagine if you could turn aggressive cancer cells into harmless fat. Scientists in Switzerland say they've done just that, in a new study in mice. By taking advantage of the "plasticity," or adaptability, of certain cancer cells during metastasis, the researchers were able to coax breast cancer cells in mice into becoming fat cells. The scientists accomplished this using a combination of two drugs, both of which are already approved for use in humans by the U.S. Food and Drug Administration (FDA). The treatment didn't convert all of the cancer cells into fat cells, but it did stop the cancer's...
  • Can Hollywood’s Biggest Media Companies Avoid Getting Crushed by Debt?

    01/15/2019 8:53:20 AM PST · by C19fan · 4 replies
    Variety ^ | January 15, 2019 | Cynthia Littleton and Brent Lang
    Randall Stephenson, AT&T’s chairman-CEO, summoned all of his folksy Oklahoma earnestness as he made an enthusiastic pitch to Wall Street analysts about the telephone company’s bold efforts to transform itself into a multimedia powerhouse. It was late November, less than six months after AT&T had wrapped up its $85 billion acquisition of Time Warner. But before Stephenson could wax poetic about his plans to revitalize HBO, Warner Bros. or other newly acquired AT&T subsidiaries, he felt compelled to address the elephant in the room. “If you hear nothing else this afternoon, I want you to hear me on this,” Stephenson...
  • Netflix raises prices on all streaming plans in US

    01/15/2019 8:01:31 AM PST · by EdnaMode · 49 replies
    The Verge ^ | January 15, 2019 | Julia Alexander
    Netflix subscribers in the United States are about to see a price hike across all subscription tiers. The service’s most popular plan will increase from $11 to $13 per month for HD streaming. Netflix’s most expensive plan, which offers 4K content and up to four simultaneous streams on different devices, will increase from $14 to $16. And the service’s basic plan, which doesn’t offer HD, will raise from $8 to $9. These price hikes will affect all new subscribers immediately, according to AP, with current subscribers set to experience the hike over the next three months. Netflix CEO Reed Hastings...
  • SpaceX Laying Off 10 Percent of Its Workforce

    01/15/2019 7:29:11 AM PST · by BenLurkin · 16 replies ^ | January 14, 2019 03:20pm ET | Jeff Foust, SpaceNews Writer |
    The statement did not disclose the size of the layoffs, but a company source, speaking on background, estimated the cuts at 10 percent of the workforce. That would mean approximately 600 or more employees are losing their jobs, based on prior statements by company officials that the company more than 6,000 employees. The layoffs, a company source said, don't indicate near-term financial problems at the company but rather a redistribution of resources to focus on development of its next-generation launch system and broadband constellation. They also reflect, note others in the industry, the belief that SpaceX grew quickly and likely...
  • Why Gillette's New Ad Campaign Is Toxic

    01/15/2019 6:36:10 AM PST · by C19fan · 81 replies
    Forbes ^ | January 15, 2019 | Charles Taylor
    As Gillette has come under increasing competition from low priced competitors such as Dollar Shave Club and Harry's, along with a resurgent Schick who is offering refill cartridges that fit Gillette razors, its market share has dropped from 70% to 50% over the past decade. Gillette has been forced to drop the price of its razors by about 15% over the past few years and is on the verge of losing master brand status. It is within this competitive context that Gillette debuted its “We Believe in the Best in Men” ad campaign on its website yesterday, part of an...