TOKYO (Reuters) – Nissan Motor Co is considering giving its alliance partner Renault SA some seats on planned oversight committees after the French automaker expressed discontent with the envisioned governance reform, a source said. FILE PHOTO : The Nissan logo is seen at Nissan Motor Co.’s global headquarters building in Yokohama, Japan, December 17, 2018. […]
Stop Trying To Do It All
[Editor’s Note: The following post is by Passive Income, MD, the greatest outsourcer that I’ve ever met. He argues that doctors are far too afraid of outsourcing tasks, both at home and at work. This post could be written directly to me. Enjoy!] If there’s anything I’ve learned about readers of this site, it’s that […]
Economic Growth: A Short History of a Controversial Idea
By Gareth Dale, who teaches at Brunel University. He publishes occasionally in The Ecologist. This article includes passages from previously published texts, including ‘The tide is rising, don’t rock the boat!’ Economic growth and the legitimation of inequality (2018), Seventeenth century origins of the growth paradigm (2017), and The growth paradigm: A critique (2012). Originally […]
Bribes and Backdoor Deals Help Foreign Firms Sell to China’s Hospitals
BEIJING — A trip to the sauna. A golf club membership. Luxury watches. Neatly packed bricks of red Chinese bills worth $220,000. The bribes lined the pockets of health care officials across China. Their purpose: to get public hospitals to buy millions of dollars’ worth of sophisticated medical equipment made by foreign companies like General […]
Why Chinese is so difficult
Worse than you think, I enjoyed the discussion of dictionaries most of all: One of the most unreasonably difficult things about learning Chinese is that merely learning how to look up a word in the dictionary is about the equivalent of an entire semester of secretarial school. When I was in Taiwan, I heard that […]
Court grants American Airlines' request to end 'devastating' slowdown by unions
FILE PHOTO: American Airlines Boeing 737 MAX jets sit parked at a facility in Tulsa, Oklahoma, U.S., May 10, 2019. Photo taken May 10, 2019. American Airlines/Handout via REUTERS (Reuters) – A U.S. federal court on Friday granted American Airlines Group Inc’s request to halt an alleged illegal slowdown by its mechanics’ unions that the […]
Army Major (Ret.): Why America's No-Fault Generals Won't Save Us From The Next War
Authored by Danny Sjrusen via The American Conservative, The brass are careerists, never punished for their mistakes, quietly assenting to the latest doomed interventions. Poll after poll indicates that the only public institution Americans still trust is the military. Not Congress, not the presidency, not the Supreme Court, the church, or the media. Just the American war machine. But […]
Drug Makers Sue to Block Requirement for Listing Prices in TV Ads
Three of the nation’s major drug manufacturers sued the Trump administration on Friday to block a rule that would force them to put the price of their drugs in television advertisements beginning this summer. The lawsuit, filed Friday in federal court in Washington, D.C., by Merck, Eli Lilly and Amgen, as well as a trade […]
US First Responders Fly Chinese Drones To Save American Lives
Acting division chief of operations with the Fremont (California) Fire Department, Jeff Kleven, told VOA News that every firetruck would carry a drone. The department already operates 14 drones, uses the aerial vehicles to conduct reconnaissance and surveillance of an incident scene. The fire department is supplied with drones from Shenzhen-based SZ DJI Technology Co. […]
McGovern: DoJ Bloodhounds On the Scent Of John Brennan
Authored by Ray McGovern via ConsortiumNews.com, With Justice Department investigators’ noses to the ground, it should be just a matter of time before they identify Brennan as fabricator-in-chief of the Russiagate story… The New York Times Thursday morning has bad news for one of its favorite anonymous sources, former CIA Director John Brennan. The Times reports that the Justice […]
VW's Tennessee workers vote against union representation
CHATTANOOGA, Tenn. (Reuters) – Workers at Volkswagen AG’s assembly plant in the state of Tennessee narrowly voted against union representation, dealing a fresh blow to the United Auto Workers’ (UAW) efforts to unionize a foreign automaker’s plant in the U.S. South. FILE PHOTO: Cars are seen at the Volkswagen Chattanooga Assembly Plant in Chattanooga, Tennessee […]
Laying of cable for the transatlantic telegraph is an underrated achievement
To provide storage space for the huge coils of wire, three great tanks were carved into the heart of the ship. The drums, sheaves, and dynamometers of the laying mechanism, occupied a large part of the stem decking, and one funnel with its associated boilers had been removed to give additional storage space. When the […]
Retail Investors Bet, And Lost, Billions On Ghost Suburbs That Were Never Built
Calgary-based Walton Group had delivered 12% annual returns in the past, so when the company made its pitch to retail investors, planning to build suburbs on speculative land in the U.S., it likely looked like a good bet. The group was selling the idea of investing $10,000 or more in rural properties outside of fast […]
Volkswagen Factory Workers in Tennessee Reject Union
In the latest defeat for organized labor in the South, workers at a Volkswagen plant in Tennessee rejected an effort to form a union this week. Of the roughly 1,600 workers who voted, 833 opposed the unionization effort, according to results released late Friday. The United Automobile Workers has been trying to organize the factory, […]
Flores: The Democrats' Sinister Strategy To Win In 2020
Authored by Joaquin Flores via The Strategic Culture Foundation, The wildest single phenomenon as we come close to a clearer picture of the Democratic Party’s election strategy for 2020, is that there really isn’t a single candidate that the party has been able to coalesce around. And without this, it would appear difficult to see […]
Trump presses Lockheed to keep open a Pennsylvania plant slated for closure
FILE PHOTO: U.S. President Donald Trump greets Lockheed Martin CEO Marillyn Hewson in front of a Lockheed Martin F-35 stealth fighter on the driveway abutting the South Lawn prior to delivering remarks at a showcase of American-made products event at the White House in Washington, U.S., July 23, 2018. REUTERS/Carlos Barria/File Photo (Reuters) – U.S. […]
Nissan considers giving Renault some seats on oversight committees: Kyodo
FILE PHOTO : The Nissan logo is seen at Nissan Motor Co.’s global headquarters building in Yokohama, Japan, December 17, 2018. REUTERS/Kim Kyung-Hoon/File Photo TOKYO (Reuters) – Nissan Motor Co is considering giving its alliance partner Renault SA some seats on planned oversight committees after the French automaker expressed discontent with the envisioned governance reform, […]
Uber Will Use Drones To Deliver Piping-Hot Food
Uber on Wednesday announced that it will begin using drones for its Uber Eats service, and had gained regulatory approval to begin testing the service in San Diego, California. Uber announced it will begin testing drones for food delivery for its Uber Eats service, and over time will land the aircraft on its cars for […]
Stockman Slams The “Deficits Don't Matter” Folly
Authored by David Stockman via Contra Corner blog, Well, that was timely. The US Treasury just posted a record $207 billion deficit for May and record monthly spending of $440 billion. That brought the rolling 12 month deficit to just shy of the trillion dollar mark at $986 billion. The timely part is two-fold. First, […]
Papa John's dismisses KPMG as its auditor, hires EY
FILE PHOTO: The Papa John’s store in Westminster, Colorado, U.S. August 1, 2017. REUTERS/Rick Wilking (Reuters) – Papa John’s International Inc said on Friday it dismissed KPMG LLP as its financial auditor and appointed Ernst & Young LLP, which served as its bookkeeper from 1990 to 2017, to handle its accounts for the fiscal year […]
1000s Of Illegals Quarantined After Exposure To Chicken Pox, Mumps
Approximately 5,200 adult migrants in US custody for illegally entering the country have been quarantined by US Immigration and Customs Enforcement (ICE) after being exposed to mumps or chicken pox, according to the agency. An ICE official told CNN on Friday that of the quarantined individuals, approximately 80% (4,200) were exposed to mumps, 800 were exposed to chicken pox, […]
Top US Regulator Warns Financial System Is At Risk Due To… Climate Change
Submitted by Nick Cunningham of OilPrice.com A top U.S. financial regulator is worried that climate change could threaten global financial markets. Rostin Behnam, a commissioner at the Commodity Futures Trading Commission (CFTC), said that the financial system was at risk from the growing frequency and severity of storms. “The impacts of climate change affect every […]
Exclusive: Mexico blamed Walmart's size, access to rivals' data in blocking app deal
MEXICO CITY (Reuters) – Mexican officials blocked Walmart Inc’s deal to buy delivery app Cornershop because Walmart could not guarantee a level playing field for rival retailers, whose customers use the app to order groceries and other goods, according to an official document and an interview with the top competition regulator this week. FILE PHOTO: […]
5 Hacks for Selling with Google Shopping
Featured image from Pexels Google Shopping is a great way to increase your brand’s visibility and catch customers at different stages of their purchase journey. In this article, we take a look at five hacks for getting the most out of Google Shopping. Let’s dive in. 1. Think About Screen Size This is a simple […]
California Bay Area Home Sales Decline 2% YoY in May, Inventory up 15% YoY
by Calculated Risk on 6/14/2019 08:51:00 PM
NY Cabbies Offered Just $10 Million In Relief; None For Those Crushed By Medallion Debt
After a decade of misery and a string of taxi driver suicides, New York City is finally taking action to assist cab drivers who have seen their net worth and livelihoods decimated by ridesharing services. On Wednesday, Corey Johnson, the speaker of the City Council, unveiled a package of bills preventing the medallion crisis from happening […]
How to Be Effective When Studying Online
Featured image from Burst on Pexels Are you trying to earn an MBA so you can be a better entrepreneur? If so, you’re probably doing a lot of your studying online while you continue to run your business. Here are some guidelines to help you do that more effectively. Studying Online Is Like Going to […]
A Superyacht Marina Is The Location For Miami's Hottest New Restaurant
The popular event space The Deck at Island Gardens is back as a restaurant serving dinner on Thursdays and Fridays and offering all-day dining from noon to midnight on Saturdays and Sundays. Conveniently located on Watson Island off the MacArthur Causeway between downtown and South Beach, most of the big boats in its deepwater marina […]
U.S. to launch public hearings on additional China tariffs next week
FILE PHOTO: Workers load goods for export onto a crane at a port in Lianyungang, Jiangsu province, China June 7, 2019. Picture taken June 7, 2019. REUTERS/Stringer WASHINGTON (Reuters) – The U.S. Trade Representative’s Office on Monday will kick off seven days of testimony from U.S. retailers, manufacturers and other businesses about President Donald Trump’s […]
Sprint and T-Mobile Merger Approval, Said to Be Near, Could Undercut Challenge by States
WASHINGTON — The Justice Department is moving closer to approving T-Mobile’s $26 billion merger with Sprint, but only if the companies sell multiple assets to create a new wireless competitor, according to three people familiar with the plan. If such an arrangement is approved, it could weaken an effort by attorneys general from nine states […]
6 Contract Types Your Business Needs
Image by Gerd Altmann from Pixabay While verbal agreements are adequate in some scenarios, most businesses need to get written contracts. These commitments protect them and their operations from exploitation. Therefore, if you are new to the world of entrepreneurship or are looking to take your small but growing business to the next level, here are the main […]
“Mortgage Rates Just Had Another Awesome Week”
by Calculated Risk on 6/14/2019 06:52:00 PM
U.S. Justice Department set to decide on T-Mobile, Sprint merger as soon as next week: source
WASHINGTON (Reuters) – The U.S. Justice Department is set to decide as early as next week whether to approve the $26.5-billion merger of wireless carriers T-Mobile USA and Sprint Corp, a person briefed on the matter said on Friday. FILE PHOTO: A smartphone with Sprint logo are seen in front of a screen projection of […]
Apollo in talks to finance Dish Network bid for T-Mobile, Sprint assets – sources
(Reuters) – Private equity group Apollo Global Management is in talks with satellite TV provider Dish Network to finance a bid for wireless assets that will be divested in the proposed merger between T-Mobile and Sprint Corp, according to two people familiar with the matter. FILE PHOTO: A T-Mobile store is pictured in the Manhattan […]
Chicken producer Perdue enters crowded plant-based meat market
(Reuters) – Perdue Foods, one of America’s largest chicken producers, said it will sell frozen chicken nuggets mixed with cauliflower, chickpeas and plant protein to address a growing demand for products combining meat and vegetables. FILE PHOTO: Laborers clean a pile of dry chickpea outside a warehouse, along a wholesale market, in Karachi, Pakistan November […]
Elizabeth Warren Proposes Plan For Minority Entrepreneurs
To qualify, minority entrepreneurs need to have less than $100,000 in household wealth. (Photo by Scott Olson/Getty Images) Getty Images Topline: Presidential hopeful Elizabeth Warren has proposed a $7 billion grant program to fund minority entrepreneurs that would be paid for by her proposed Ultra-Millionaire Tax. Warren’s program, the Small Business Equity Fund, would give […]
Broadcom's $2 billion warning rattles global chip sector
LONDON/BENGALURU (Reuters) – Broadcom Inc sent a shockwave through the global chipmaking industry on Friday with its forecast that U.S.-China trade tensions and the ban on doing business with Huawei Technologies would knock $2 billion off the company’s sales this year. The forecast, included in the company’s second-quarter results late on Thursday, was the hardest […]
Wall Street ends down; Broadcom warning hits chip stocks
NEW YORK (Reuters) – U.S. stocks ended lower on Friday as investors were cautious going into next week’s Federal Reserve meeting, while a warning from Broadcom of a broad weakening in global demand weighed on chipmakers and added to U.S.-China trade worries. Shares of Broadcom Inc fell 5.6% after it cut its full-year revenue forecast […]
Galvin to propose fiduciary rule for Massachusetts brokers
Massachusetts will propose a rule that would mandate brokers and investment advisers apply a fiduciary standard of care in interactions with clients, Secretary of the Commonwealth William Galvin announced Friday afternoon. The Massachusetts Securities Division is soliciting preliminary comments on a rule proposal. The comment period will remain open until 5 p.m. on Friday, July […]
Ivanka Trump and Jared Kushner Report Up to $135 Million in 2018 Income
In their second year of government service, Ivanka Trump and Jared Kushner reported income from their companies and investments of as much as $135 million, according to their annual financial disclosure reports made public on Friday. All told, the couple’s real estate holdings and other investments were worth as much as $786 million, down slightly […]
Succinct Summation of Week’s Events for 6.14.19
Succinct Summations for the week ending June 14th, 2019 Positives: 1. MBA mortgage apps rose 10.0% w/o/w, greater than previous decrease of 2.0%.2. MBA mortgage refinance apps rose 47.0% w/o/w, greater than previous 6.0% increase.3. Job openings came in at 7.449M for April, higher than the expected 7.400M.4. Industrial production rose 0.4% m/o/m, greater than […]
You don't need to know sign language to work with deaf clients, but it helps
James Rooney hadn’t planned on carving out a niche working with deaf clients. But nearly 30 years after his first encounter with a deaf client, he has become Morgan Stanley’s go-to adviser for this unique community of clients. “The firm has given me a special designation and if a deaf client were to walk into […]
Press Release: JD.com Partners with International Firms
Liu Qiandong, founder and CEO of the Chinese retail company JD.com, announced recently that the company had higher than expected first-quarter income. The windfall is a direct result of the Chinese retail company’s partnerships with multiple international brands, including Walmart, Tencent, and Google. The partnerships boosted the company’s sales, and they expect profits to further […]
Global stocks dip as Fed meeting looms, oil climbs on geopolitical fears
NEW YORK (Reuters) – U.S. stocks ended nominally lower on Friday as investors awaited next week’s Federal Reserve meeting for signs of imminent easing, while the U.S.-Iran confrontation in the Gulf of Oman added to geopolitical uncertainty, sending oil prices higher. Logos for Chewy Inc. are displayed on the trading floor on the morning of […]
Women Who Sued Makers of Pelvic Mesh Are Suing Their Own Lawyers, Too
A nearly decade-long legal battle over the harm inflicted on tens of thousands of women by surgically implanted pelvic mesh is moving away from manufacturers and toward the lawyers who helped the women bring their cases. In recent weeks, women who received some of roughly $8 billion in settlements have sued their lawyers, accusing them […]
Book Review: Chris Arnade’s “Dignity”
“When the Pharisees saw this, they asked his disciples, ‘Why does your teacher eat with tax collectors and sinners?’” —Matt 9:11 By Lambert Strether of Corrente Those who have followed Chris Arnade on Twitter or Flickr will be gratified that his new book, Dignity: Seeking Respect in Back Row America has arrived. I bought it […]
#919: Are Cities Overrated?
Enlarge this image A view of New York City from above. Drew Angerer/Getty Images hide caption toggle caption Drew Angerer/Getty Images Remember those stories about someone leaving their small town, moving to the big city, starting in the mailroom at a company and working their way up? Well, upward mobility ain’t what it used to […]
Mexico ready to retaliate if U.S. imposes tariffs: minister
Mexico’s Economy Minister Graciela Marquez attends a session with lawmakers and senators at the Senate building in Mexico City, Mexico June 14, 2019. REUTERS/Carlos Jasso MEXICO CITY (Reuters) – Mexico will be ready to retaliate in kind if the U.S. government imposes tariffs on Mexican exports to the United States, Mexican Economy Minister Graciela Marquez […]
U.K. Bans Advertisements Depicting Gender Stereotypes
Men unable to change diapers; women cleaning while men kick their feet up on the couch; women having trouble with parking: Scenes like these, which play on gender stereotypes, are now banned in British advertisements. Britain’s advertising regulator announced the changes in December, but companies were given a six-month adjustment period before they took effect. […]
Weekend Reading for Financial Planners (June 15-16)
Executive Summary Enjoy the current installment of “weekend reading for financial planners” – this week’s edition kicks off with the official release of IRS regulations that kill the charitable “workarounds” that many states have been trying to create since the Tax Cuts and Jobs Act capped the State And Local Tax (SALT) deduction at just […]