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Business/Economy (Bloggers & Personal)

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  • Lithium War Heats Up After Epic Launch Of Tesla Model 3

    04/20/2016 8:31:48 AM PDT · by bananaman22 · 46 replies
    Oilprice.com ^ | 20-04-2016 | Elon
    The unveiling of Tesla’s Model 3 electric car was no less than the lifting of the final curtain on a game-changing energy revolution. And if we follow that revolution to its core, we arrive at lithium—our new gasoline for which the feeding frenzy has only just begun. Unveiled just on 31 March and already with 325,000 orders, it seems that the market, too, understands that the Model 3 is more than just another electric vehicle. In one week alone, Tesla has racked up around $14 billion in implied future sales, making it the “biggest one-week launch of any product ever.”...
  • Who says Obama can’t create jobs? Full-time Gun industry jobs increased almost 75% since 2008

    04/19/2016 6:12:25 PM PDT · by Sean_Anthony · 5 replies
    Canada Free Press ^ | 04/19/16 | Robert Laurie
    Profits, wages, and tax revenues skyrocket too! Sometimes we’re tough on President Obama. He’ll make some specious claim about the economy and we’ll be right there, ready to point out all the reasons it’s a load of hogwash. Today, however, we’re not going to do that. Today, we’re going to congratulate him. Barack Obama is history’s greatest gun salesman. He’s inspired Americans - particularly women - to purchase record numbers of weapons and that’s created (pardon the pun) a gun-industry boom. Jobs, wages, profits, and tax revenue have risen sharply during his tenure. In fact, a new report suggests that...
  • Will we ever stop using fossil fuels?

    04/18/2016 4:39:30 PM PDT · by 2ndDivisionVet · 63 replies
    MIT News ^ | February 24, 2016 | Peter Dizikes
    In recent years, proponents of clean energy have taken heart in the falling prices of solar and wind power, hoping they will drive an energy revolution. But a new study co-authored by an MIT professor suggests otherwise: Technology-driven cost reductions in fossil fuels will lead us to continue using all the oil, gas, and coal we can, unless governments pass new taxes on carbon emissions. “If we don’t adopt new policies, we’re not going to be leaving fossil fuels in the ground,” says Christopher Knittel, an energy economist at the MIT Sloan School of Management. “We need both a policy...
  • ISIS Tries To Sow Chaos In Libya To Scare Oil Workers Away

    04/18/2016 4:11:35 PM PDT · by bananaman22 · 4 replies
    Oilprice.com ^ | 18-04-2016 | Moammar
    As Libya wrangles over who is going to control its oil, the Islamic State is closing in, using sporadic attacks designed to rattle nerves and force oil-field evacuations or worker strikes out of fear. In recent months, ISIS has deployed a large number of fighters at several oil fields, and has been planning attacks on foreign workers as well as oil wells. In February 2015, one of the ISIS-inspired attacks on the Mabruk field killed nearly 12 people including four foreign nationals. In early January, ISIS launched an attack on the Es-Sidra and Ras Lanuf oil export terminals in the...
  • Why Are Thousands Of Millionaires Fleeing Chicago And Other Major Cities Around The World?

    04/18/2016 1:58:16 PM PDT · by SeekAndFind · 44 replies
    TEC ^ | 04/18/2016 | Michael Snyder
    The elite are fleeing major cities around the globe at a staggering rate. In fact, the Chicago Tribune is reporting that approximately 3,000 millionaires left the city of Chicago alone during 2015. The same study discussed in that Chicago Tribune article found that 7,000 millionaires left Paris, France last year. So why is this happening? Why are thousands of millionaires suddenly packing up and moving away from the big cities? Could it be possible that they have many of the same concerns that “preppers” do about what is coming? For quite a while, I have been writing about how the...
  • CrazyRussianHacker, Plagiarist and DMCA abuser! #WTFU

    04/18/2016 1:24:11 PM PDT · by EveningStar · 9 replies
    YouTube ^ | April 17, 2016 | Thunderf00t
    So when I first made a video showing that CrazyRussianHackers idea about using dry ice for an air conditioner was basically suicidal, I really didnt think anything would come of it. Then recently he filed a DMCA takedown of my video. This resulted in a strike against my account and me losing access to certain features. Now thats a special brand of idiot who makes a video about a suicidal way to chill the air, then files a baseless copyright takedown of the only warning about how dumb that idea is. Especially against a guy like me who has a...
  • Surprising no one, Bernie flip flops on suing gun manufacturers

    04/18/2016 12:05:43 PM PDT · by Sean_Anthony · 16 replies
    Canada Free Press ^ | 04/18/16 | Robert Laurie
    Buh-bye, principles. I'm losing! Last week, we talked about Hillary’s ridiculous desire to let victims of gun crime sue the manufacturer of the weapon in question. Essentially, if some dirtbag shoots you with a Remington, Hillary wants to let you sue Remington Arms. It’s not about justice or recompense; it’s about enacting a de facto firearm ban by suing their makers out of existence. It’s also a horrible precedent that could be applied to virtually any item in existence. If someone uses a car, knife, baseball bat, Furby, or frying pan to commit a violent act, the aggrieved party would...
  • Great: Obama encouraging health insurers to sue federal government, then offering fat settlements

    04/18/2016 11:53:46 AM PDT · by Sean_Anthony · 7 replies
    Canada Free Press ^ | 04/18/16 | Dan Calabrese
    Circumventing Congress's ban on the use of federal money to bail out ObamaCare casualties. I’m sure you’re all quite familiar with the Obama Administration’s proclivity for ignoring Congress and doing whatever it wants, whether that means refusing to enforce the law or attempting to shove gun control down the nation’s throat. But if you think Obama only does this via executive orders, you haven’t quite grasped the full scope of his lawlessness. Let’s say you want to spend money to bail out health insurers that you have driven to the brink of ruin by passing ObamaCare. But Congress (thanks in...
  • Half Of Kuwaiti Oil Production Offline After Massive Strike

    04/18/2016 9:22:28 AM PDT · by bananaman22 · 5 replies
    Oilprice.com ^ | 18-04-2016 | Ali
    While everyone is talking about the failure of the Doha negotiations, Kuwait has more than made up for OPEC’s failure all on its own. Kuwait’s oil workers walked off the job this weekend, flexing their muscles over a pay dispute. The state-owned Kuwait Oil Company took to Twitter to report the damage done by the workers strike, announcing that oil production fell to 1.1 million barrels per day on Sunday, a catastrophic development considering it normally produces nearly 3 mb/d. Also, Kuwait Petroleum Corp., the state-owned refining company, said that its production of refined products dropped from 930,000 to 520,000...
  • Revolutionary steel treatment paves the way for radically lighter, stronger, cheaper cars

    04/18/2016 12:15:38 AM PDT · by 2ndDivisionVet · 35 replies
    GizMag ^ | December 10, 2015 | Loz Blain
    Back in 2011, we wrote about a fascinating new way to heat-treat regular, cheap steel to endow it with an almost miraculous blend of characteristics. Radically cheaper, quicker and less energy-intensive to produce, Flash Bainite is stronger than titanium by weight, and ductile enough to be pressed into shape while cold without thinning or cracking. It's now being tested by three of the world's five largest car manufacturers, who are finding they can produce thinner structural car components that are between 30-50 percent lighter and cheaper than the steel they've been using, while maintaining the same performance is crash tests....
  • This California Town Wants to be the Next Marijuana Mecca

    04/17/2016 11:53:01 PM PDT · by 2ndDivisionVet · 16 replies
    NBC News ^ | April 16, 2016 | Heesun Wee, CNBC
    If California is the land of reinvention, the small desert city of Adelanto fits the bill. Roughly a two-hour drive east from Los Angeles, Adelanto was founded in 1915 by an inventor who wanted to sell land to World War I veterans. His dream never materialized and the region was taken over by orchard farms, then poultry ranches. The nearby George Air Force Base opened and eventually closed in the early 1990s. The city more recently made a solar play, but the energy market fizzled. City unemployment hovers at 14 percent, well above the national unemployment rate of under 5...
  • Carbon3D Unveils Breakthrough CLIP 3D Printing Technology, 25-100X Faster

    04/17/2016 9:27:21 PM PDT · by 2ndDivisionVet · 17 replies
    3D Print ^ | March 16, 2016 | Brian Krassenstein
    In what may be one of the biggest stories we have covered this year, a new company, Carbon3D has just emerged out of stealth mode, unveiling an entirely new breakthrough 3D printing process, which is anywhere between 25 and 100 times faster than what’s available on the market today.The privately-held Redwood City, California-based company, Carbon3D, was founded in 2013, and since then has been secretly perfecting a new 3D printing technology which promises to change the industry forever. The technology that the company calls Continuous Liquid Interface Productiongo technology (CLIP) works by harnessing the power of light and oxygen to...
  • NY Times Bosses Warn Managers: Meet Diversity Goals or Get Fired

    04/17/2016 9:13:38 PM PDT · by Olog-hai · 51 replies
    NewsBusters ^ | April 17, 2016 | 10:11 PM EDT | Tim Graham
    Washington Post media blogger Erik Wemple reports that The New York Times is getting very serious about diversity goals in recruiting, hiring, and promoting. Chief Executive Mark Thompson raised eyebrows at a gathering of managers on the business and news sides of the newspaper. According to three Wemple sources, “Supervisors who fail to meet upper management’s requirements in recruiting and hiring minority candidates or who fail to seek out minority candidates for promotions face some stern consequences: They’ll be either encouraged to leave or be fired.” …
  • Survey: Most Millennials Do Not Support Reparations to Black People for Slavery

    04/17/2016 3:25:53 PM PDT · by 2ndDivisionVet · 52 replies
    The Atlanta Black Star ^ | April 13, 2016 | David Love
    A 2016 Fusion Issues Poll surveyed 1,045 adults from ages 18 to 35. The survey revealed how young people feel about a number of social justice issues related to race, especially reparations. For example, 62 percent of young people say they are opposed to the government providing reparations to African-Americans for slavery, while 32 percent support the measure. However, the breakdown is much different along racial lines. For example, 62 percent of Blacks and 40 percent of Hispanics say they support reparations, while a paltry 21 percent of whites are in favor. Moreover, even when it comes to a mere...
  • Sport Chalet closing all of its stores

    04/16/2016 8:16:14 PM PDT · by chrisinoc · 66 replies
    OC Register ^ | 4/16/2016 | LILY LEUNG and LOU PONSI
    Sport Chalet announced on Saturday that it is closing all of its stores and has stopped selling goods online. "While our online store is no longer available, all Sport Chalet stores will remain open for several weeks, offering customers the opportunity to use their remaining rewards and gift cards, and to take advantage of great sales," the chain says on its website. Michelle De Leon, a department head at the Sport Chalet in Lake Forest, said employees found out about the store closure through their general managers on Thursday.
  • Sanders Says Unemployment a ‘Viable Weapon in War against Global Warming’ [semi-satire]

    04/16/2016 11:58:16 AM PDT · by John Semmens
    Semi-News/Semi-Satire ^ | 17 Apr 2016 | John Semmens
    In Thursday’s debate, Democratic presidential candidate Sen. Bernie Sanders (S-Vt) wowed the Party faithful by promising that “economic dislocation and job losses will necessarily be part of our strategy to combat global climate change. The demise of any business or any individual, for that matter, must be a price we’re willing to pay to save the planet.” “Our addiction to prosperity must end,” Sanders demanded. “Most of humanity around the globe lives without the conveniences to which Americans have become accustomed. How can we justify luxuries like air conditioning, cable television, and private automobiles when the cost of these items...
  • New Book Claims Americans Don’t Really Like Guns

    04/16/2016 8:05:21 AM PDT · by PROCON · 38 replies
    nraila.org ^ | April 15, 2016
    Gun control supporters will no doubt be all aflutter about a new book that tries to validate one of their longtime favorite theories, while appearing to help their preferred presidential candidate appeal to anti-capitalist voters within the Democratic Party. The theory, which makes perfect sense to voters who believe that demand is driven by supply, is, as the Washington Post describes it, that “[g]uns in America were no big deal until big business made us love them.” The book, The Gunning of America: Business and the Making of American Gun Culture, points its accusatory finger at the Winchester Repeating...
  • 3D Printing Houses from Concrete

    04/15/2016 4:39:22 PM PDT · by 2ndDivisionVet · 15 replies
    Hackaday ^ | April 15, 2016 | James Hobson
    We’ve seen 3D-printed houses before, but most make use of prefabricated chunks. This hurricane and tornado resistant hotel suite in the Philippines was printed in one shot. Sound familiar? This is the work of [Andrey Rudenko], who started by building a concrete 3D printer in his garage 2 years ago, moved on to 3D printing his kids a concrete castle in his backyard later that year and now appears to have a full-blown company offering commercial 3D printed houses. Way to go [Andrey]! The building was designed in Sketchup no less, and the printer makes use of Pronterface for the...
  • U.S. Oil Industry Fears That New Regulation Could Cost $25B

    04/14/2016 1:43:40 PM PDT · by bananaman22 · 6 replies
    Oilprice.com ^ | 14-04-2016 | Charly
    The Obama administration unveiled new regulations on offshore drilling on Thursday, rules that were several years in the making. The regulations stem from the 2010 Deepwater Horizon disaster in the Gulf of Mexico, a well blowout that resulted in the death of 11 workers and one of the worst environmental disasters in U.S. history. The regulations call for new well-control measures, limits the volume of fluids that can be injected into wells, and requires heightened well monitoring. ExxonMobil and other companies say the rules will impose costs as high as $25 billion over the next decade, pushing many offshore projects...
  • Michigan Households Paid $9 Each for Batman v. Superman

    04/14/2016 11:45:54 AM PDT · by MichCapCon · 26 replies
    Michigan Capitol Confidential ^ | 4/12/2016 | Tom Gantert
    Critics are nearly unanimous: The movie "Batman V Superman: Dawn of Justice" is a dog. That didn’t prevent the producers from grossing $193.2 million within four days of its March 25 release date, according to Box Office Mojo. The movie review website Rotten Tomatoes gives it a 29 percent rating, which is the same score given to “Dumb and Dumber To” (that's not a typo) and “Grudge Match” — a boxing movie featuring the fight between then 67-year-old Sylvester Stallone and 70-year-old Robert DeNiro. ForTheRecord says: The Michigan film office granted the production company a $35 million taxpayer subsidy in...