Chriss W. Street - Page 26

“Hyper loop One,” which promises to rocket commuters at up to 700 miles-per-hour in what looks like a pneumatic tube, successfully demonstrated a vehicle at a Nevada test site and announced $80 million in new funding from partnerships and venture capital.

The International Monetary Fund (IMF) released a report Wednesday finding that annual cost of bribes paid in both developing countries and advanced economies amounts to $1.5 to $2 trillion globally.

The latest report from the Stanford Institute for Economic Policy Research has revealed that the public pension debt for the 50 states and the District of Columbia jumped 84 percent in recent years, from $2.625 trillion in 2008 to $4.833 trillion in 2014.

Expected double-digit Obamacare health insurance premium hikes coming just one week before the November 7 election are expected to drag the program’s favorability ratings to new lows, as support from independents and Democrats continues to fade.

A new study from TimeTrade reveals that millennial shoppers’ rising expectation for “on-demand” products and services is undermining online shopping and driving more traffic to physical stores.

Donald Trump said Sunday that his “floor” economic concern as President would be negotiating a sizable middle class tax cut, “because they have been absolutely shunned.”

In the name of protecting claimed trade secrets, Silicon Valley tech giants are about to gain the controversial forfeiture rights against ex-employees that police are using in drug cases.

Although the Palantir “unicorn” is valued at $20 billion and has taken over a huge swath of Palo Alto near Stanford University, the company is hemorrhaging top-name clients, bleeding key staff and becoming increasingly unprofitable.

Moody’s Global Credit Research conducted a fiscal stress-test of the largest states in America — and found that California was the least prepared to weather the next recession.

While Elon Musk was claiming that Tesla Motors will produce 500,000 electric cars in 2018 and 1,000,000 cars in 2020, a leading short-seller on Wall Street admitted he is now betting heavily against Tesla.

The fracking boom in the first week of May scored two nationally important victories over environmentalists in Pennsylvania and Colorado.

With John Wayne Day being dumped by California’s state legislature for alleged racist remarks, Bob Hope Airport is about to be renamed “Hollywood Burbank Airport.”

The rise of Donald Trump and his “America First” platform is pushing tech CEOs even closer to the Democrat establishment, after two decades of Silicon Valley moguls being able to outsource millions of manufacturing jobs and still get huge government contracts.

Silicon Valley’s Tech Bubble 2.0 appears on the verge of bursting as valuations plunge, even though venture capitalists are still raising record amounts of cash.

With the governor of Puerto Rico refusing to pay interest on $370 million of $73 billion of debt by 5 p.m. on Monday, May 2, the U.S. territory will enter the third-largest default in history of the planet.

Being a pharmacist has for decades been one of the most respected and highest paying jobs, but apps and robotics now threaten to make most pharmacists obsolete.

A conservative advocacy group backed by the Koch brothers won a First Amendment victory this week denying California Attorney General Kamala Harris access to the names of conservative nonprofit members and contributors.

Golden Globe nominated actor-director Mark Ruffalo wrote an editorial for tinsel town’s Variety blasting President Obama for supporting fracking and announcing the release of his film, Dear President Obama: The Clean Energy Revolution Is Now.

After shaking down Apple Inc. to buy back a huge amount of shares over the last three years, activist investor Carl Icahn pocketed over $2 billion and sold his entire stock holdings.

Stanford’s Board of Trustees announced April 25 that the university endowment voted to refuse to divest its holdings in oil and gas companies, despite threats from students and some alumni.

Apple stock lost $50 billion in value after the company reported its first quarterly sales decline since 2003, as the glaring lack of innovation in the post-Steve Jobs era becomes more obvious.

The Solar Impulse 2 flew from Hawaii’s Kalaeloa Airport to Google-controlled Moffett Airfield in 62 hours this week, providing proof-of-concept that a solar-powered drones will soon be bringing 5G wireless communications to the world without a drop of fossil fuel.

According to the California State Controller’s most recent data on the California Government Compensation website, the cost of employing a full-time Orange County firefighter in 2014 was $236,155.

Despite years of Apple Inc. succeeding in gaining huge market share by apparently granting China state security authorities “backdoors” into its product encryption, communist regulators shut down Apple’s iBook Store and iTunes on April 22.

Uber CEO Travis Kalanick announced this week that the company had settled class-action lawsuits in California and Massachusetts for up to $100 million memorialize the company’s right to classify drivers as independent contractors, rather than employees.

Despite San Francisco not being an economically attractive location to site solar panels, the Board of Supervisors unanimously passed legislation this week requiring new construction in “Fog City” shorter than 10 floors to have at least 15 percent of rooftops “solar ready” — clear and unshaded — for installation of solar panels or water heaters.

Tesla’s Powerwall home battery system appears to suffer from a number of issues, including a loud electronic hum that is driving many customers crazy.

The meltdown of Silicon Valley tech jobs accelerated Tuesday, as Intel announced 12,000 job cuts worldwide and a plan to dump product lines, despite reporting higher profits.

The U.S. Attorney’s Office and Securities and Exchange Commission (SEC) have opened criminal and civil probes into blood-testing company Theranos, just days after reports that the Centers for Medicare & Medicaid Services were proposing to shutter its labs and ban its founder from the medical testing business.

The California High-Speed Rail Authority won the Independent Institute’s first California Golden Fleece Award for its lack of transparency and a history of misleading the public about the merits of a “bullet train” that no longer reflects what voters approved in 2008.

The Jungle Book, a remake of the 1967 Disney classic, grossed the sixth-highest opening weekend for a children’s movie last weekend, as the beloved tale of a boy adopted by a wolves and his journey to manhood dazzled all ages of viewers and earned top critic reviews.

About 350,000 California voters may have accidentally registered for the American Independent Party, thinking it was the designation for independent voters, the Los Angeles Times reports.

The first accomplishment of California’s pioneering $15 minimum wage law is killing the revival of America’s clothing industry.

Republican Paul Ryan and Democrat Minority Leader Nancy Pelosi know that if Puerto Rico misses missing general obligation bonds interest payments on May 1, it will soon not have sufficient cash flow to pay government salaries and welfare benefits — and an exodus to the U.S. mainland could follow.

Despite all the hype that the Apple Watch would be the next disruptive device, the sales pace for the watch is expected to fall at a 50 percent annualized rate in 2016.

Although House Speaker Paul Ryan (R-WI) warned that Congress needs to “bring order to the chaos” in Puerto Rico, conservative House Republicans are giving the cold shoulder to a plan that would let Puerto Rico wipe out $33 billion of its $73 billion debt in bankruptcy.