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Business/Economy (News/Activism)

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  • Google Employees Protest Secret Work on Censored Search Engine for China

    08/16/2018 6:40:54 PM PDT · by Theoria · 15 replies
    The New York Times ^ | 16 Aug 2018 | Kate Conger and Daisuke Wakabayashi
    Hundreds of Google employees, upset at the company’s decision to secretly build a censored version of its search engine for China, have signed a letter demanding more transparency to understand the ethical consequences of their work. In the letter, which was obtained by The New York Times, employees wrote that the project and Google’s apparent willingness to abide by China’s censorship requirements “raise urgent moral and ethical issues.” They added, “Currently we do not have the information required to make ethically-informed decisions about our work, our projects, and our employment.” The letter is circulating on Google’s internal communication systems and...
  • A 16-year-old hacked Apple and stole 90GB of secure files

    08/16/2018 6:25:22 PM PDT · by LouieFisk · 13 replies
    BGR Media ^ | August 16th, 2018 | Chris Smith
    it turns out that while most hackers might not be able to get into Apple’s servers, a sixteen-year-old Australian with a passion for Apple managed to do it, stealing some 90GB of secure files and accessing customer accounts in the process. The best part is that he stored it all in a folder called “hacky hack hack.”
  • China Buckles, Sends Trade Delegation to Washington to Seek End of Trade War

    08/16/2018 3:42:54 PM PDT · by mandaladon · 28 replies
    Breitbart ^ | 16 Aug 2018 | John Carney
    China and the U.S. are set to resume trade talks for the first time since June. A meeting between the two countries, which would be between lower-level officials than earlier talks, would mark a breach in the standoff that has arisen since talks broke down in the spring. U.S. officials have repeatedly said they were open to new talks but insisted that China had walked away rather than offer serious reform. It still is not clear if China’s delegation will carry with it a reform offer serious enough to stave off the Trump administration’s threat of former tariffs. The U.S....
  • Chicago Straw Company Thrives, Despite Anti-Straw Movement

    08/16/2018 2:28:48 PM PDT · by McGruff · 20 replies
    CBS Chicago ^ | August 15, 2018
    A Chicago company hopes to thrive, despite making a product under fire this summer. Plastic drinking draws have recently been seen as a public enemy, according to many environmentalists. Machines spit out straws at a dizzying rate inside a factor on Chicago’s far South side. The machines produce so many straws every year, Bob Beavers III, the Chairman of Best Diamond Plastics, says “the number of straws we produce begins with a b.” Best Diamond Plastics is a company that has seen an uptick in business, despite the anti-straw movement. “Some of our competitors have turned off their straw machines....
  • Energy Conferees Shut Down Fuel Economy Mandates as Costly to Consumers

    08/16/2018 2:22:04 PM PDT · by Tolerance Sucks Rocks · 11 replies
    The Daily Signal ^ | August 15, 2018 | Kevin Mooney
    NEW ORLEANS—Sterling Burnett doesn’t always want to sit next to someone he doesn’t know on a train, plane, or bus. But he’s willing to fight for the freedom of those same strangers when it comes time for them to purchase a motor vehicle. “What I care about is … your freedom to choose the vehicle of your choice,” Burnett, an environmental policy expert for the Heartland Institute, said during a panel discussion at the free-market think tank’s America First Energy Conference that took a critical look at fuel-efficiency standards for cars and trucks. “I don’t think government should be in...
  • It Seems Twitter's 'Trust and Safety Council' Is Working Overtime to Ban Conservatives

    08/16/2018 10:28:03 AM PDT · by Red Badger · 63 replies
    pjmedia.com ^ | August 15, 2018 | By Jim Treacher
    Sometimes I think all the hand-wringing about some sort of online "war on conservatives" is silly. Sure, dude, maybe nobody is paying attention to your brilliant tweets because you've been shadowbanned. Perhaps Twitter's "Trust & Safety Council" really is keeping you from reaching the audience you deserve. Or maybe you're just boring and kind of dumb? I tend to be skeptical of these complaints, but it's possible that there really is an ongoing conspiracy to silence half the country. I have to admit, it would explain why I keep getting suspended from Twitter for no good reason. Maybe Twitter really...
  • South Korean companies violating sanctions by allegedly importing North Korean coal

    08/16/2018 10:11:58 AM PDT · by CondoleezzaProtege
    The Globe and Mail ^ | Aug 2018 | Chloe Sang-Hun
    More than 33,000 tons of North Korean coal was illegally imported to South Korea last year in violation of United Nations and other sanctions, the South Korean government said Friday. A government customs agency, the Korea Customs Service, asked prosecutors to indict the heads of three South Korean companies that transport coal. It said the companies imported the North Korean coal, totaling $5.8 million in value, between April and October of last year, and it accused them of falsifying documents to indicate that the coal was of Russian origin. The owners of 14 ships involved in transporting the coal from...
  • Hong Kong politician: Trump should target us in trade war with China

    08/16/2018 10:04:23 AM PDT · by CondoleezzaProtege · 4 replies
    CNBC ^ | Aug 15, 2018 | Kelly Olsen
    A controversial Hong Kong politician wants the United States to sanction his city as part of its ongoing trade war with China in hopes of somehow achieving his dream of independence and democracy. Andy Chan Ho-tin says China poses an increasing existential threat to local rights and freedoms since British colonial rule ended in 1997. He has become a local lightning rod, criticized by many for advocating independence but also seen as a symbol of free speech after Chinese and Hong Kong officials called for a public address of his this week to be canceled. In that address, he called...
  • Pension Tick-Tock: State systems’ liabilities continue to increase, even in a booming economy.

    08/16/2018 8:44:24 AM PDT · by SeekAndFind · 17 replies
    City Journal ^ | 08/16/2018 | Steve Malanga
    When financial markets cratered in late 2007, state pension officials assured lawmakers and the public that the damage to government retirement funds was only temporary. Pension funds are long-term investors, their story went, and pension systems would recover as soon as the market did. When lawmakers in Montana, for instance, asked the state treasurer whether they should be worried about the government’s ability to meet its retirement obligations, he confidently advised them to “go fishing” instead. They should have ignored him and taken action to bolster the state’s pension system, which has never recovered from the market crash. Montana’s retirement...
  • Worried About Turkey’s Economic Problems? China’s Could Be Worse

    08/16/2018 8:41:18 AM PDT · by SeekAndFind · 2 replies
    New York Times ^ | 08/15/2018 | By Ruchir Sharma
    Falling back on a standard excuse of besieged strongmen, President Recep Tayyip Erdogan of Turkey is blaming traitors and outside powers for his nation’s financial crisis, and describing the strong United States dollar as among “the bullets, cannonballs and missiles” foreigners are using to wage “economic war” on his country. Many emerging markets make themselves vulnerable to financial crisis by spending more than they can afford, and relying on foreign lenders to fund these profligate habits, but Turkey was an extreme case even before Mr. Erdogan took power in 2002. Of late, his reckless economic policies — including setting interest...
  • Russia Mulls Retaliation for U.S. Sanctions Over North Korea

    08/16/2018 7:15:05 AM PDT · by CondoleezzaProtege · 5 replies
    RFE/RL ^ | Aug 16, 2018 | Reuters and Interfax
    Russia says it is working on retaliatory measures against the United States after Washington imposed sanctions on a Russian company and its head for helping North Korea evade United Nations sanctions. The U.S. Treasury Department said on August 15 that it was taking actions against three shipping companies based in China, Singapore, and Russia, as well as the head of the Russian shipping firm, Profinet Pte. The sanctions block any assets the three companies may have in U.S. jurisdictions and bar U.S. citizens from doing business with them. Despite having opened direct talks with Pyongyang, Washington continues to press for...
  • Hackers steal £10m from cash machines in global heist [$13M]

    08/16/2018 6:55:23 AM PDT · by Red Badger · 33 replies
    www.yahoo.com ^ | August 16, 2018 | Natasha Bernal
    yber criminals have hacked cash machines in 28 countries to loot over £10 million from an Indian bank. Hackers infected the bank's credit card payment system with malware, which allowed them to approve transactions and access client accounts. Fake credit cards were then used to force ATMs around the world to dispense cash worth about $13 million until they were empty. The attack on Cosmos Bank, based in the Indian city of Pune, was predicted by the Federal Bureau of Investigation (FBI) last week. The FBI issued a warning to global banks that there would be a global cyber attack...
  • Cryptocurrencies plunge by as much as 10% in 24 hours wiping billions off the market [tr]

    08/16/2018 6:45:46 AM PDT · by C19fan · 21 replies
    UK Daily Mail ^ | August 16, 2018 | Charlie Moore
    Suicide prevention messages are being shared among investors as crytocurrencies plunge in value. The price of bitcoin on Tuesday dipped below $6,000- down massively from its December 2017 high of around $20,000. Ethereum fell by 10 per cent in just 24 hours to $250, its lowest price this year.
  • Illinois manufacturer to lay off 150 workers, move to Mexico

    08/16/2018 5:54:13 AM PDT · by KeyLargo · 59 replies
    08/15/2018 Illinois manufacturer to lay off 150 workers, move to Mexico By Associated Press A storage safe manufacturer is closing two factories in northern Illinois and moving operations to Mexico to counteract the effects of metal tariffs imposed by President Donald Trump’s administration. Stack-on Products will lay off about 150 people at its Wauconda and McHenry plants when they close Oct. 12, the Chicago Tribune reports. Human resources director Al Fletcher said Tuesday the decision to relocate operations to Juarez, Mexico, was made about two months ago. That’s when Trump announced tariffs on numerous goods and materials from China as...
  • My trust fund made me miserable

    08/16/2018 5:48:40 AM PDT · by ChicagoConservative27 · 85 replies
    nypost ^ | 08/15/2018 | Hannan Sparks
    Over the past six years, Lane Fury has collected more than $185,000 in family money. Eventually, Fury stands to inherit roughly $6 million, but the 27-year-old doesn’t see this good fortune as a positive thing. “I don’t actually want it,” says Fury. “There is this sense of shame or embarrassment, like maybe some of the problems in the world are my fault, so I shouldn’t really be open about [my wealth].” While many people struggle to pay the bills and make ends meet, those lucky enough to have family money say they have problems of their own. Fury says having...
  • Elizabeth Warren's Accountable Capitalism Act would force companies to look beyond shareholders

    08/16/2018 5:46:35 AM PDT · by sickoflibs · 47 replies
    WSJ ^ | August 15, 2018 | Brittany De Lea
    Sen. Elizabeth Warren, a Democrat from Massachusetts, introduced legislation on Wednesday that intends to completely upend the idea that companies are only accountable to shareholders. The Accountable Capitalism Act, as the measure is called, would require corporations with more than $1 billion in annual revenue to get a federal charter of corporate citizenship, which would give it fiduciary responsibilities beyond maximizing shareholder value. As noted by Vox, the senator essentially wants to require corporations to have the same responsibilities under the social contract as the average U.S. citizen. clip A host of experts, however, are taking issue with some of...
  • China-U.S. to Resume Trade Talks After Tit-for-Tat Tariff Battle

    08/15/2018 8:07:12 PM PDT · by SpeedyInTexas · 50 replies
    08/15/2018 | Bloomberg News
    Link Only: https://www.bloomberg.com/news/articles/2018-08-16/china-to-send-group-to-u-s-for-first-trade-talks-since-june
  • China’s New Trade Strategy: Threatening U.S. Companies

    08/15/2018 6:35:01 PM PDT · by Zhang Fei · 22 replies
    Arthur Dong ^ | August 13, 2018 | Arthur Dong
    Starting August 23, an additional $16 billion dollars of exports from China to the U.S. will be subject to a 25% tariff, as the trade war between the two nations continues unabated. In preparation for these tariffs, China signaled that it would impose an equivalent amount of tariffs on U.S. imports. With both sides far apart, China has searched for alternative strategies to force a resolution of the deteriorating trade situation. Earlier this month, an article published in the People’s Daily, an official newspaper of China’s ruling Community Party, signaled China’s intention to weaponize American corporations operating in the country....
  • Smart Growth and Green Growth – It is Not What You Think

    08/15/2018 12:04:59 PM PDT · by rktman · 3 replies
    ileanajohnson.com ^ | 8/15/2018 | Ileana Johnson
    Progressives (regressives) have been educating (indoctrinating) our American children for decades, inculcating (forcing) ideas such as political correctness (approved speech), globalism (one world government), global warming/climate change (redistribution of wealth), income equality (confiscation of wealth), resistance (anarchy), social justice (reverse discrimination), and tolerance (intolerance). Progressivism has generally succeeded in creating a few generations of snowflakes (melting babies given to tantrums) and college graduates whose degrees were expensive and useless. But nobody is complaining about higher education escalating costs and globalist indoctrination. Progressives have been urging their followers to make everything smart (U.N. compliant), to learn to deal with water shortages...
  • Ninth Circuit Returns to Form, Upholds Bizarre California Gun Regulation(Micro stamp)

    08/15/2018 10:46:43 AM PDT · by rktman · 37 replies
    nationalreview.com ^ | 8/13/2018 | D French
    Here are the basic facts. California’s Unsafe Handgun Act requires new handguns sold in the state to have three key safety features. First, new guns must have an indicator that shows when a round is loaded in the weapon’s chamber. Second, new guns must have a magazine-detachment mechanism that prevents the gun from discharging when a magazine is not in it. Finally, the third provision “requires new handguns to stamp microscopically the handgun’s make, model, and serial number onto each fired shell casing.”