School Shooting Suspect Made ‘Disturbing’ Social Media Posts

February 20, 2018

Parkland, Fla. (AP) — The suspect in a deadly rampage at a Florida high school is a troubled teenager who posted disturbing material on social media before the shooting spree that killed at least 17 people, according to a law enforcement official and former schoolmates. Broward County Sheriff Scott Israel said the 19-year-old suspect, Nikolas Cruz, had been expelled from Marjory Stoneman Douglas High School for "disciplinary reasons." "I don't…

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McDonald’s Cuts Cheeseburgers From Happy Meals

February 17, 2018

McDonald’s Corp. is removing cheeseburgers from its fabled Happy Meal menus as the fast-food giant responds to a clamor for healthier eating. All Happy Meals advertised on U.S. menu boards will be 600 calories or less by June, McDonald’s said in a statement Thursday. While the classic cheeseburger will still be available if a customer requests it, the listed entree choice will be a hamburger or a box of chicken…

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Inside the Two Years That Shook Facebookand the World

February 16, 2018

One day in late February of 2016, Mark Zuckerberg sent a memo to all of Facebook’s employees to address some troubling behavior in the ranks. His message pertained to some walls at the company’s Menlo Park headquarters where staffers are encouraged to scribble notes and signatures. On at least a couple of occasions, someone had crossed out the words “Black Lives Matter” and replaced them with “All Lives Matter.” Zuckerberg…

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Amazon, Berkshire, JPMorgan Link Up to Form New Health-Care Company

February 6, 2018

It’s no secret Jeff Bezos has been looking to crack health care. But no one expected him to pull in Warren Buffett and Jamie Dimon, too. News Tuesday that Bezos’s Amazon.com Inc., Buffett’s Berkshire Hathaway Inc. and JPMorgan Chase & Co., led by Dimon, plan to join forces to change how health care is provided to their combined 1 million U.S. employees sent shock waves through the health-care industry. The plan,…

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Bitcoin Ban Expands Across Credit Cards as Big U.S. Banks Recoil

February 4, 2018

A growing number of big U.S. credit-card issuers are deciding they don’t want to finance a falling knife. JPMorgan Chase & Co., Bank of America Corp. and Citigroup Inc. said they’re halting purchases of Bitcoin and other cryptocurrencies on their credit cards. JPMorgan, enacting the ban Saturday, doesn’t want the credit risk associated with the transactions, company spokeswoman Mary Jane Rogers said. Bank of America started declining credit card transactions…

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New Netflix doc picks apart the Trump illusion

January 31, 2018

In the story of American business, says Netflix’s Dirty Money, Donald Trump is not a hero. He shouldn’t be listed alongside Rockefeller, Ford, and Jobs, argues writer Tim O’Brien; for Trump is P.T. Barnum. He’s a self-promoter and a showman who will tell any lies necessary to feed the narrative of his own success. Dirty Money comprises of six nearly feature-length episodes exploring corporate greed, culminating in the Trump-focused hour….

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The Dark Side of Americas Rise to Oil Superpower

January 29, 2018

The last time U.S. drillers pumped 10 million barrels of crude a day, Richard Nixon was in the White House. The first oil crisis hadn’t yet scared Americans into buying Toyotas, and Featured in , Jan. 29, 2018. Illustration: 731 For one, the influence of one of the most powerful forces of the past half-century, the modern petrostate, would be diminished. No longer would “America First” diplomats need to tiptoe…

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How to Win Founders and Influence Everybody

January 28, 2018

In May 2015, The New Yorker published a profile of the Silicon Valley investor Marc Andreessen. In it, writer Tad Friend joined Andreessen in his living room to watch an episode of Halt & Catch Fire, the AMC drama chronicling the rise of personal computing in the early 1980s. The scene provided an intimate window into the billionaire’s home life. Friend described a powder room toilet so opulent it wasn’t…

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States and Cities Keep the Battle for Net Neutrality Alive

January 27, 2018

States are starting to make good on their promises to fight for net neutrality in the wake of the Federal Communications Commission's decision to jettison rules that banned broadband providers from blocking or discriminating against internet content. On Monday, Montana Governor Steve Bullock signed an executive order effectively barring state agencies from doing business with internet service providers that violate net neutrality. New York Governor Andrew Cuomo signed a similar…

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It’s the (Democracy-Poisoning) Golden Age of Free Speech

January 24, 2018

For most of modern history, the easiest way to block the spread of an idea was to keep it from being mechanically disseminated. Shutter the news­paper, pressure the broad­cast chief, install an official censor at the publishing house. Or, if push came to shove, hold a loaded gun to the announcer’s head. This actually happened once in Turkey. It was the spring of 1960, and a group of military officers…

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The Lightning Network Could Make Bitcoin Fasterand Cheaper

January 21, 2018

In 2014, Joseph Poon and Thaddeus Dryja were bitcoin-obsessed engineers hanging out at pizza-fueled meetups in San Francisco. Their conversation often turned to the central problem of bitcoin: How to make it more useful? The bitcoin network’s design effectively limits it to handling three to seven transactions per second, compared with tens of thousands per second for Visa. Poon and Dryja recognized that for bitcoin to reach its full potential,…

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Wal-Mart to Cut Thousands of Store-Management Roles

January 19, 2018

A day after embarking on a pay hike, Wal-Mart Stores Inc. is taking steps to shake up management at thousands of its stores. The world’s biggest retailer is removing about 3,500 store co-managers, a salaried role that acts as a lieutenant underneath each store manager, according to people familiar with the move. It’s also adding about 1,700 assistant store managers, a slightly lower-paid role, who will oversee fast-growing areas like online…

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China Weighs Slowing or Halting Purchases of U.S. Treasuries

January 17, 2018

China added to bond investors’ jitters on Wednesday as traders braced for what they feared could be the end of a three-decade bull market. Senior government officials in Beijing reviewing the nation’s foreign-exchange holdings have recommended slowing or halting purchases of U.S. Treasuries, according to people familiar with the matter. The news comes as global debt markets were already selling off amid signs that central banks are starting to step back…

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Wal-Mart Raises Hourly Wage to $11 in Wake of Tax Overhaul

January 15, 2018

Wal-Mart Stores Inc. is boosting its starting hourly wage to $11 and delivering bonuses to employees, capitalizing on the U.S. tax overhaul to stay competitive in a tightening labor market. The increase takes effect next month and will cost $300 million on top of annual wage hikes that were already planned, the world’s largest retailer said Thursday. The one-time bonus of up to $1,000 is based on seniority and will…

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Global Debt Hits Record $233 Trillion

January 10, 2018

Global debt rose to a record $233 trillion in the third quarter of 2017, more than $16 trillion higher from end-2016, according to an brake on central banks trying to raise interest rates, given worries about the debt servicing capacity of highly indebted firms and government, the IIF analysts wrote. More From this publisher : HERE ; This post was curated using : TrendingTraffic

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How One Mysterious Startup Is Riding the Bitcoin Wave

January 2, 2018

With hardly a year of operations under its belt and scant results to show for it, UBI Blockchain Internet is riding buzzwords to a stock boom. It’s become one of the most valuable publicly traded companies in the bitcoin universe — second only to LongFin Corp. The stock surged almost 1,000 percent this year, valuing UBI Blockchain at $1.2 billion. Now, the Hong Kong-based company has registered to sell an additional…

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Bitcoin Dips Below $14,000 as South Korea Eyes Fresh Regulations

December 30, 2017

Bitcoin resumed its slide Thursday, dipping below $14,000 as the cryptocurrency’s dizzying drop from a record set 10 days ago intensified. The latest blow to the world’s biggest cryptocurrency came from South Korea, where the government said it was eyeing options for stamping out a What the World’s Central Banks Are Saying About CryptocurrenciesNovogratz Halts Hedge Fund, Says Bitcoin May Drop to $8,000 Bitcoin’s plunge comes after futures contracts started trading…

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Trump Asks Hows Your 401(k)? But Most Voters Dont Have One

December 24, 2017

President Source: GAO analysis of 2012 data from Survey of Income and Program Participation and U.S. Census Bureau Note: Each income quartile represents about 25.5 million private-sector workers Trump mentions the stock market almost daily in tweets or public remarks, taking direct credit for record highs by the Dow Jones Industrial Average and other indexes. But only about 14 percent of U.S. families directly own stocks, an asset class dominated…

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Facebook’s fake news problem landed Zuckerberg dubious title of ‘Misinformer of the Year’

December 23, 2017

Facebook Founder and CEO Mark Zuckerberg gets held accountable for his platform's role in the fake news landscape with Media Matter's "Misinformer of the Year" award.Image: Paul Marotta/Getty Images Rupert Murdoch, Sean Hannity, Glenn Beck.  Those are some of the big media figures Facebook founder and CEO Mark Zuckerberg is joining with this year’s dubious distinction of “Misinformer of the Year.” That’s the title given to the social media mastermind…

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This Electric Truck Will Probably Beat Teslas to Market

December 16, 2017

On the evening of Nov. 16, Elon Musk unveiled the latest prop in his Tony Stark cosplay. Photographer: Angie Smith for Bloomberg Businessweek As Semler drives the ET1 around Hollywood, gawkers whip out their phones to take photos. The heavy-duty semi, which has a 22-inch touchscreen on its dashboard and a winged black logo splashed across its grille, uses a beach-ball-size electric motor and a couple of large battery packs…

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Target to Buy Shipt for $550 Million in Challenge to Amazon

December 15, 2017

Target Corp. agreed to purchase grocery-delivery startup acquired software company Grand Junction, which also manages local and same-day deliveries. Target now offers same-day delivery in New York City and can send orders from 1,400 of its stores. Competition in this space is growing fiercer, though, as rivals Wal-Mart Stores Inc. and Best Buy Co. also apparel, have sent retailers scrambling to improve their online offerings. E-commerce sales are up about…

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Facebook for 6-Year-Olds? Welcome to Messenger Kids

December 12, 2017

Facebook says it built Messenger Kids, a new version of its popular communications app with parental controls, to help safeguard pre-teens who may be using unauthorized and unsupervised social-media accounts. Critics think Facebook is targeting children as young as 6 to hook them on its services. Facebook’s goal is to “push down the age” of when it’s acceptable for kids to be on social media, says Josh Golin, executive director…

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