On the eve of Apple issuing a credit card (and following Carl Icahn's 2013 advice that "Apple should be a bank"), we seem to be reaching the end of financialization's dominance over the economy, a trend that started in the 1970s and has risen ever since -- but the tricks are wearing thin. See for example, the notorious Brazilian corporate raiders 3G bought out Kraft-Heinz and tried its usual MO of goosing profits by squeezing suppliers, paying its bills late, and cutting costs at the expense of growth -- only to have Kraft-Heinz's value drop by more than 50% in less than three years.
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In 2002, a mysterious man is arrested for illegally occupying a hotel room: he says his name is Ed Stone, and that he was kidnapped by aliens from the same hotel room in 1931 and has just been returned to Earth, not having aged a day; the aliens have told him that Earth will be destroyed in 12 years and that before then, the entire human race has to put itself in a giant box (presumably for transport to somewhere else, though Ed is a little shaky on the details), and to help Ed with this task, the aliens have given him a ring that makes anyone who touches it fill with overwhelming good feelings for him and a desire to help him.
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Robbo writes, "Gerald Casale, founder of DEVO, has written an open letter in response to the band being inducted into the Rock 'N' Roll Hall Of Fame."
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From 1955 to 2015, John D. Dingell served in the US House of Representatives, making him the longest-serving Congressman in the country's history: now, in the Atlantic, he warns that at the 2016 election "put the future of our country in mortal peril," and he proposes four measures to bring it back from the brink.
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A study conducted by Douglas Elliman Real Estate found that one in five New York retail spaces is sitting vacant; these spaces are boarded up and attract vandalism, drug-dealing, and other unsavory activities. The rate has more than tripled since 2016.
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In Walter Scheidel's new book The Great Leveler: Violence and the History of Inequality from the Stone Age to the Twenty-First Century, the Stanford classics prof traces the rise and fall of inequality from humanity's history, showing how over time, the rich get richer and richer, creating an ever-more-unstable situation, until, basically, the world melts down or the people start building guillotines on their doorsteps.
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I've been fighting with voting machine vendors since Bush v Gore, when companies like Diebold brazenly sought to subvert the Supreme Court's order to standardize a secure design for US voting machines, going so far as to send out thousands of fraudulent copyright notices in a failed attempt to silence whistleblowers who'd reported defects in their systems.
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The rich world has never been more unequal, and the poor world has never richer: in 2018, we're seeing record low levels of global "extreme poverty" (a measure that's admittedly a bit fuzzy) and record levels of inequality, which wealth concentrated into a declining number of hands.
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Yandex is Russia's answer to Weibo, an everything-under-one-(semi-state-controlled)-roof online service, and its answer to Alexa is Alisa.
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Why does Elon Musk think that AI is going to kill us all? Why do so many "rationalist" techbros assume that he's right?
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Ahead of Trump's planned summit with North Korean "Supreme Leader" Kim Jong Un, the White House issued a tacky commemorative coin; once Trump sent his petulant breakup letter to Kim canceling the summit, the coin became the discounted "deal of the day" at the White House gift shop.
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Henry Kissinger -- the war-criminal who abetted Pinochet's coup in Chile, supported the genocide of Bangledeshis by Pakistan, and architected the US's secret bombing campaigns in Indochina -- is worried about AI.
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Comcast is a perennial winner of national polls for the most hated company in America, and the bigger it gets, the worse it gets: back in 2011, the Obama administration let the company swallow NBC Universal, teeing it up to powerfully benefit from the destruction of Net Neutrality under Trump; now Trump is poised to let the company buy Fox and Sky, making the company bigger and more powerful.
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After World War Two, the balance of wealth shifted dramatically: the super-rich lost so much capital during the two wars and the interwar period that their grip on power slipped, creating the space for a welfare state and other reforms.
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The subprime car-lending industry -- charging exorbitant rates for car-loans to people least suited to afford them, enforced through orwellian technologies, obscuring the risk by spinning the debt into high-risk/high-yield bonds -- is collapsing.
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Donald Trump's budget sought to punish blue states by removing income tax deductions for mortgage interest on high-ticket real estate; this was enough to prick the Manhattan property bubble, with co-op and condo sales volume dropping 25% year-on-year for Q1/18; the majority of red ink is in the luxury property market, where Q1 prices fell 15% year-on-year.
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