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Showing posts from January 8, 2017

Amazon’s Spheres: Lush nature paradise to adorn $4 billion urban campus

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[Pharaoh builds a new temple to himself. $4 billion divided by 220,000 employees is over $18,000 an employee. How about raising everyone's pay by $4,000 a year for the next four years instead? But no: "'It’s a place where employees will be proud to bring their family,' Schoettler [a perfect name] said." The domes actually look more like a pair of alien testicles for Jeff Bezos' Dark Tower West which, in itself, looks like Darth Vader's cock. *RON*]
Ángel González, Seattle Times, 3 January 2017

600 Hundred Arrested And 1 Dead As Mexican Gas Price Protests Intensify

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[The elimination of subsidies and introduction of foreign ownership is a direct consequence of free trade. "...supplies of basic goods and fuel are under threat as protesters blockade highways, ports and terminals and the situation intensifies to chaos on the streets and looting." *RON*]

By Charles Kennedy. OilPrice.com, 5 January 2017

Some 600 people have been arrested, one policeman killed and around 300 stores looted as protests intensify in Mexico following the weekend decision to hike fuel prices by 20 percent, the Associated Press reports.

Citing Mexican business chambers, the news agency said that supplies of basic goods and fuel are under threat as protesters blockade highways, ports and terminals and the situation intensifies to chaos on the streets and looting.

As one of the more difficult to implement parts of the government’s sweeping energy reforms, deregulation required a 20 percent increase in fuel prices that has enraged t…

Yuan Intervention Poised to Fail: All Not Well in Middle Kingdom

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[China continues to fiddle, largely ineffectively, with the Renminbi. *RON*]

Mike “Mish” Shedlock, MishTalk, 6 January 2017

China desperately wants the yuan to rise to stem capital flight. Curiously, this puts China on the same wavelength as Trump, at lease as far as currencies go.

However, currency intervention does little in the short run, and nothing in the long run. Let’s take a look at some charts.

Intervention Fails Daily Look


The CEO of Sears Fails His Company by Believing in Ayn Rand and the Invisible Hand

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[An old article but, with Donald & Co. coming on board, it's timely to remind ourselves what an unmitigated disaster greed-based neoliberalism is. *RON*]
By Jonathan Haidt, Evonomics, 25 July 2015

Imagine that a major league basketball team is bought by a hedge fund manager who is a firm believer in the value of competition. Not just competition across teams, but competition within teams. He implements a radical new policy: each player’s salary is determined exclusively by the number of points he scores. Crazy, right? Anyone can see that such a policy would ruin teamwork and destroy the team’s ability to compete with more cohesive teams.

Yet this is exactly what is now happening at Sears. Five years ago, Eddie Lampert, the chairman of Sears Holdings after Sears merged with Kmart, reorganized the company so that each business unit functions like an autonomous company, with its own president, board of directors, and profit-and-loss statement…

Giant iceberg, 5,000 square kilometers, set to calve from Larsen C Ice Shelf, Antarctica

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[Hey Donald! An iceberg the size of Delaware is breaking off from an Antarctic peninsula. The crack is growing. When it calves it will lead to a measurable rise in sea levels. *RON*]

Science Daily, 6 January 2017
Source: British Antarctic Survey
Summary: A huge iceberg looks set to break away from the Larsen C ice shelf on the Antarctic Peninsula. Satellite observations from December 2016 show a growing crack in the ice shelf which suggests that an iceberg with an area of up to 5,000 square kilometers is likely to calve soon.

Jennifer Newman: Growing income inequality could be tough on workers in 2017

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[The crapification of Canadian labour. As Canada's wage gap continues to widen, and the quality of jobs goes on dropping, 2017 could be tough year on low-income earners. *RON*]

CBC News, 7 January 2017
 Jennifer Newman: Growing income inequality could be tough on workers in 2017 6:09

2016 was a tough year for Canadian workers.

According to a recent report from CIBC, the quality of employment for Canadians continued to fall throughout the year, while the gap in wages between low and high-income earners grew.