Money
Amazon head tax reversed
- June 16, 2018
The campaign has raised about $285,000 in cash contributions, with more employers, including Amazon and Starbucks, pledging almost $200,000 in additional support. The region saw 169 homeless deaths a year ago. Proponents of the tax say homelessness has grown because rents and home prices have soared. Amazon balked and Seattle is backing down. (more...)
- June 16, 2018
The campaign has raised about $285,000 in cash contributions, with more employers, including Amazon and Starbucks, pledging almost $200,000 in additional support. The region saw 169 homeless deaths a year ago. Proponents of the tax say homelessness has grown because rents and home prices have soared. Amazon balked and Seattle is backing down. (more...)
Supreme Court ruling upsets flexible working apple cart in landmark case
- June 16, 2018
The Supreme Court agreed, which means that an employment tribunal can now examine Smith's argument against Pimlico Plumbers as a worker, including a claim that he was unfairly dismissed. Former Pimlico Plumbers employee Gary Smith leaves the UK Supreme Court . Charlie Mullins added that he was "disgusted" by the ruling, as "the five judges had the opportunity to drag our outdated employment law into the 21st Century, but instead they bottled the decision, and as a result thousands of ... (more...)
- June 16, 2018
The Supreme Court agreed, which means that an employment tribunal can now examine Smith's argument against Pimlico Plumbers as a worker, including a claim that he was unfairly dismissed. Former Pimlico Plumbers employee Gary Smith leaves the UK Supreme Court . Charlie Mullins added that he was "disgusted" by the ruling, as "the five judges had the opportunity to drag our outdated employment law into the 21st Century, but instead they bottled the decision, and as a result thousands of ... (more...)
Elizabeth Holmes steps down as Theranos CEO as DOJ levels charges
- June 16, 2018
After the testing device that Holmes claimed would be able run hundreds of medical tests on a single drop of blood was shown not to work, Holmes was barred from running a clinical company by US regulators and was sued by investors, and the company let go many of its employees . (more...)
- June 16, 2018
After the testing device that Holmes claimed would be able run hundreds of medical tests on a single drop of blood was shown not to work, Holmes was barred from running a clinical company by US regulators and was sued by investors, and the company let go many of its employees . (more...)
Donald Trump to impose tariffs on China
- June 15, 2018
Trump said he was fulfilling a campaign pledge to crack down on what he contends are China's unfair trade practices and efforts to undermine USA technology and intellectual property . It was also unclear when the tariffs would take effect. In Beijing on Friday, Chinese foreign ministry spokesman Geng Shuang repeated earlier warnings that all trade talks between China and the U.S. (more...)
- June 15, 2018
Trump said he was fulfilling a campaign pledge to crack down on what he contends are China's unfair trade practices and efforts to undermine USA technology and intellectual property . It was also unclear when the tariffs would take effect. In Beijing on Friday, Chinese foreign ministry spokesman Geng Shuang repeated earlier warnings that all trade talks between China and the U.S. (more...)
Rates Back In Driving Seat For Markets, As ECB Ends Bond Buying
- June 15, 2018
The ECB said it would end its bond buying program by December but interest rates would stay on hold "through the summer of 2019". The rates on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain at 0.00%, 0.25% and minus 0.40%, respectively. (more...)
- June 15, 2018
The ECB said it would end its bond buying program by December but interest rates would stay on hold "through the summer of 2019". The rates on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain at 0.00%, 0.25% and minus 0.40%, respectively. (more...)
American Airlines cancels hundreds of flights due to technical issue
- June 15, 2018
A technical issue caused more than 100 American Airlines flight cancellations to and from Charlotte-Douglas International Airport on Thursday night, according to CBS-affiliate WBTV . "We never want to disrupt our customers' travel plans, and we are sorry for the trouble this caused", the carrier said in a statement. A day before the current issues American Airlines tweeted that they had suffered "a brief technical issue impacting several systems including aa.com, our mobile app and ... (more...)
- June 15, 2018
A technical issue caused more than 100 American Airlines flight cancellations to and from Charlotte-Douglas International Airport on Thursday night, according to CBS-affiliate WBTV . "We never want to disrupt our customers' travel plans, and we are sorry for the trouble this caused", the carrier said in a statement. A day before the current issues American Airlines tweeted that they had suffered "a brief technical issue impacting several systems including aa.com, our mobile app and ... (more...)
McDonald's to replace plastic straws with paper ones
- June 15, 2018
It hopes all plastic straws will have been replaced by next year. The fast food giants have been testing paper straws since April at a selected number of outlets, and the move comes as companies come under increasing demand to reduce the amount of single-use plastic they use on a daily basis. (more...)
- June 15, 2018
It hopes all plastic straws will have been replaced by next year. The fast food giants have been testing paper straws since April at a selected number of outlets, and the move comes as companies come under increasing demand to reduce the amount of single-use plastic they use on a daily basis. (more...)
Kellogg's announce cereal recall due to potential presence of Salmonella
- June 15, 2018
Kellogg Co said on Thursday (Jun 14) it is recalling an estimated 1.3 million cases of its Honey Smacks cereal from more than 30 USA states due to the potential for Salmonella contamination, in the latest case of U.S. The US health regulator also said it is inspecting the facility that manufactures Honey Smacks. It's the latest case where USA food is linked to a Salmonella outbreak. (more...)
- June 15, 2018
Kellogg Co said on Thursday (Jun 14) it is recalling an estimated 1.3 million cases of its Honey Smacks cereal from more than 30 USA states due to the potential for Salmonella contamination, in the latest case of U.S. The US health regulator also said it is inspecting the facility that manufactures Honey Smacks. It's the latest case where USA food is linked to a Salmonella outbreak. (more...)
Trump approves plan to impose tough China tariffs
- June 15, 2018
Mr. Trump is using the import tax to counter China's trade barriers and unfair trace practices, which the president says contributes to America's $375 billion trade deficit with China. Beijing has also drawn up a list of $50 billion in USA products that would face retaliatory tariffs, including beef and soybeans - a shot at Trump's supporters in rural America. (more...)
- June 15, 2018
Mr. Trump is using the import tax to counter China's trade barriers and unfair trace practices, which the president says contributes to America's $375 billion trade deficit with China. Beijing has also drawn up a list of $50 billion in USA products that would face retaliatory tariffs, including beef and soybeans - a shot at Trump's supporters in rural America. (more...)
Jobless rate hits six month low of 5.4%
- June 15, 2018
Full-time employment fell by 20,600 jobs in May and part-time work grew by 32,600 jobs, while monthly hours worked in all roles dropped by 1.4 per cent. According to numbers released Wednesday by the Employment Security Department, the unemployment rate for May dropped to 4.7 percent from April's 4.8 percent. (more...)
- June 15, 2018
Full-time employment fell by 20,600 jobs in May and part-time work grew by 32,600 jobs, while monthly hours worked in all roles dropped by 1.4 per cent. According to numbers released Wednesday by the Employment Security Department, the unemployment rate for May dropped to 4.7 percent from April's 4.8 percent. (more...)
Microsoft is Working with Retailers to Eliminate Checkout ... And Amazon
- June 15, 2018
Amazon Go employs sensors, cameras and a computer vision system to scan the items being purchased and then automatically charges them to the shopper's Amazon account. He said the market opportunity for automated checkout in the USA alone is $50 billion. A Microsoft spokeswoman declined to comment. One source revealed that making the technology cheap enough to interest retailers is a "major challenge" for Microsoft. (more...)
- June 15, 2018
Amazon Go employs sensors, cameras and a computer vision system to scan the items being purchased and then automatically charges them to the shopper's Amazon account. He said the market opportunity for automated checkout in the USA alone is $50 billion. A Microsoft spokeswoman declined to comment. One source revealed that making the technology cheap enough to interest retailers is a "major challenge" for Microsoft. (more...)
Verizon announces its third unlimited plan that costs $95/month
- June 15, 2018
This wireless carrier uses three different forms of throttling. After the customer's data ticker hits 75 GB, mobile data may be throttled back during "times of congestion" on the network. A single unlimited line is $75 with Go Unlimited, $85 with Beyond Unlimited and $95 with Above Unlimited . Cell phone data slows down whenever the network is congested, and hotspot data can't go above 600 Kbps. (more...)
- June 15, 2018
This wireless carrier uses three different forms of throttling. After the customer's data ticker hits 75 GB, mobile data may be throttled back during "times of congestion" on the network. A single unlimited line is $75 with Go Unlimited, $85 with Beyond Unlimited and $95 with Above Unlimited . Cell phone data slows down whenever the network is congested, and hotspot data can't go above 600 Kbps. (more...)
Trump may upset China on trade as United States tariffs loom
- June 15, 2018
The approval followed a White House meeting with officials and senior representatives of the Treasury and Commerce departments, U.S. Trade Representative's Office and national security officials. In the trade fight, Bannon said, Trump has converted three major tools that "the American elites considered off the table" - namely, the use of tariffs, the technology investigation of China and penalties on Chinese telecom giant ZTE. (more...)
- June 15, 2018
The approval followed a White House meeting with officials and senior representatives of the Treasury and Commerce departments, U.S. Trade Representative's Office and national security officials. In the trade fight, Bannon said, Trump has converted three major tools that "the American elites considered off the table" - namely, the use of tariffs, the technology investigation of China and penalties on Chinese telecom giant ZTE. (more...)
SEC Spokesman Says Ethereum and Bitcoin Are Not Securities: Relieved Markets Rally
- June 15, 2018
Also if the investors in the cryptocurrency have an expectation of profits the asset could be classed a security. The distinction lies in how the asset is offered or sold to the public. As the United States government begins to crack down on ICOs, the head of the Division of Corporation Finance at the Security and Exchange Commission (SEC) doesn't believe ether ( ETH ) should be classified as a security. (more...)
- June 15, 2018
Also if the investors in the cryptocurrency have an expectation of profits the asset could be classed a security. The distinction lies in how the asset is offered or sold to the public. As the United States government begins to crack down on ICOs, the head of the Division of Corporation Finance at the Security and Exchange Commission (SEC) doesn't believe ether ( ETH ) should be classified as a security. (more...)
Opec sees ‘considerable uncertainty’ in oil market
- June 15, 2018
Oil prices declined earlier in the decade as a result of increased production in the USA -as prices rise again, will that cause a bump in US oil production, as it becomes more profitable for domestic producers? But the kingdom said it boosted output by 161,400 bpd to just above 10 million bpd, according to its own data. (more...)
- June 15, 2018
Oil prices declined earlier in the decade as a result of increased production in the USA -as prices rise again, will that cause a bump in US oil production, as it becomes more profitable for domestic producers? But the kingdom said it boosted output by 161,400 bpd to just above 10 million bpd, according to its own data. (more...)
Saudis Say Deal to Gradually Boost OPEC Output `Inevitable'
- June 15, 2018
The price of Brent crude peaked in May at $80.50 a barrel, then pulled back, trading on Wednesday near $77 a barrel, partly in anticipation that the deal may end. "Even if the Iran/Venezuela supply gap is plugged, the market will be finely balanced next year, and vulnerable to prices rising higher in the event of further disruption", the report said . (more...)
- June 15, 2018
The price of Brent crude peaked in May at $80.50 a barrel, then pulled back, trading on Wednesday near $77 a barrel, partly in anticipation that the deal may end. "Even if the Iran/Venezuela supply gap is plugged, the market will be finely balanced next year, and vulnerable to prices rising higher in the event of further disruption", the report said . (more...)
Russia World Cup ready to kick off with grand opening ceremony
- June 14, 2018
But don't forget you too can get involved in predicting the scorelines, along with a whole host of other things such as the Golden Boot victor and which nations will advance from each group. The winning bid , which should feature 60 out of 80 Games in the U.S., will mark the return of football's showpiece event to North American soil for the first time since 1994. (more...)
- June 14, 2018
But don't forget you too can get involved in predicting the scorelines, along with a whole host of other things such as the Golden Boot victor and which nations will advance from each group. The winning bid , which should feature 60 out of 80 Games in the U.S., will mark the return of football's showpiece event to North American soil for the first time since 1994. (more...)
Rents pricing out minimum-wage workers across the US, report says
- June 14, 2018
Even the $15 hourly wage touted by labor activists would not be enough to make housing affordable in the overwhelming majority of states, the coalition found. The report estimates that renters nationally make an average of $16.88 an hour. Even at those wages, it would take 57 hours a week to afford the statewide rent for a two-bedroom apartment. (more...)
- June 14, 2018
Even the $15 hourly wage touted by labor activists would not be enough to make housing affordable in the overwhelming majority of states, the coalition found. The report estimates that renters nationally make an average of $16.88 an hour. Even at those wages, it would take 57 hours a week to afford the statewide rent for a two-bedroom apartment. (more...)
Chicago picks The Boring Company for high-speed link to airport
- June 14, 2018
Instead of standard 28 feet one-lane tunnels , Boring says by reducing the diameter to 14 feet it can reduce tunneling costs by three to four times. The service from downtown to the airport on electric vehicles in underground tunnels will take 12 minutes, mayoral spokesman Adam Collins and the company said on Twitter on Wednesday night. (more...)
- June 14, 2018
Instead of standard 28 feet one-lane tunnels , Boring says by reducing the diameter to 14 feet it can reduce tunneling costs by three to four times. The service from downtown to the airport on electric vehicles in underground tunnels will take 12 minutes, mayoral spokesman Adam Collins and the company said on Twitter on Wednesday night. (more...)
The Tesla Roadster's SpaceX package will replace the back seats with rockets
- June 14, 2018
Apart from the rockets, no new specs were revealed on his Twitter thread, however Musk did include some of his background history and passion for cars . Tesla unveiled the new Roadster in November. The mentioned specifications were apparently for the "base version" of the next-gen Roadster. It already has a couple different sedans in the Model S and Model 3 , along with the Model X SUV. (more...)
- June 14, 2018
Apart from the rockets, no new specs were revealed on his Twitter thread, however Musk did include some of his background history and passion for cars . Tesla unveiled the new Roadster in November. The mentioned specifications were apparently for the "base version" of the next-gen Roadster. It already has a couple different sedans in the Model S and Model 3 , along with the Model X SUV. (more...)
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