Chriss W. Street

Chriss W. Street - Page 30

Articles by Chriss W. Street

U.S. Employment Spikes Up, Chinese Lose Jobs

The reason that U.S. payrolls just spiked up by 292,000, crowning the second-best year for workers since 1999, is that America is now sucking back jobs outsourced to China.

Love My Job

China Stock Market Crash Goes Global

With China in the midst of a foreign exchange and currency crisis, investors around the world are hitting the “sell” button in a scramble for cash liquidity.

Stock market crash (Richard Drew / Associated Press)

Apple Crash? iPhone Parts Orders Slashed 30%

Apple’s bet that Chinese consumers would rush to buy massive numbers of iPhones appears to have imploded as the tech leader has cut supplier parts orders by 30 percent.

Broken iPhone (Andrew Mager / Flickr / CC)

Judge: Facebook Must Face Fraud Suit in 2012 IPO

A federal judge has ruled that Facebook must face two class action lawsuits claiming the company concealed slowing ad growth in its initial public offering (IPO) in 2012, and helped its underwriters make a $2.4 billion profit by shorting 63 million shares on inside information.

facebook

China New Year: Stocks Crash, Gold Jumps

China welcomed the New Year with a 7 percent stock market crash that was so intense that government authorities suspended trading across the nation. Markets around the world plunged, with Asia and Europe down -3 percent, U.S. markets down 1.7

China crash (Andy Wong / Associated Press)

El Niño “Storm Train” may Quadruple California Rainfall

Like rail freight cars slowly moving down a track at increasing speed, California is about to suffer a “storm train” this week that may increase rainfall by over 400 percent over last year. The El Niño phenomenon is expected to

The Associated Press

Saudi Arabia Pumps Oil Before Iran Sanctions Lifted

Fearing a flood of crude oil when the Iran sanctions are lifted in the next few months, Saudi Arabia is pumping an extra 1.5 million barrels a day and signing long-term export contracts at low prices in a desperate effort to grab cash flow and avoid bankruptcy.

John Moore/AP

Brown Appointed Board Nullifies San Diego Pension Reform Initiative

The City of San Diego had been on a path to financial sustainability after 66 percent of voters passed Proposition B pension restructuring to save $1.6 billion, but Governor Brown appointed Public Employment Relations Board just ruled that the unions can nullify an initiative.

Jerry Brown UN Climate Paris (Michel Euler / Associated Press)

El Niño Killing Machine Just Warming Up

The El Niño killing machine that slaughtered 41 across the South in violent storms this week is just warming up for a crescendo of death, destruction, and misery that is expected to arrive over the next three months.

The Associated Press

Porter Ranch Gas Leak Crisis: Court Orders 5,000 Evacuations

After reaching a settlement with the Los Angeles City Attorney’s Office over the massive natural gas leak near Porter Ranch, Southern California Gas Company is now under court order to pay up to $8,500 a month per household to evacuate and

Porter Ranch AFP

Apple Pay Failure Has Undermined Apple’s Invincibility

After failing to capture even 3 percent of iPhone users’ purchases on Black Friday, Apple Pay will try to relaunch next year in Europe and Asia in an effort to rescue Apple’s reputation for invincibility.

apple-pay-whole-foods

Sorry, America is Now Broke

Google Consumer Surveys found that almost two-thirds of Americans are “savings poor,” with less than $1,000 in their savings accounts. About one in five are so broke they have nothing saved.

Pennies (Tim Boyle / Getty)

Elon Musk, SpaceX Launch Era of Space Militarization

The December 21 reusable recovery of a SpaceX’s Falcon 9 rocket has improved the economics of commercial activity in space, but it has fundamentally changed the military balance of power and, perhaps inadvertently, launched the era of space militarization.

Elon Musk (Scott Olson / Getty)

101 Years Ago Today, Christmas Truce Halted World War I

One hundred and one years ago, the Christmas Truce of 1914 was a spontaneous cease-fire and a day of Christian brotherhood for both sides of the No Man’s Land along the Western Front. The event was kept secret by senior military officers and government censors as an embarrassing breakdown in military discipline.

Originally published in The Illustrated London News, January 9, 1915. The Illustrated Lon

Jerry Brown: Another Energy Conflict of Interest

The web of potential conflicts of interest associated with Jerry Brown widened with news that the California governor’s sister is a paid board member of America’s largest natural gas utility–which is leaking 500,000 metric tons of CO2 a month.

Jerry Brown climate change (Damian Dovarganes / Associated Press)

Bitcoin Pushing Credit Cards out of Thriving Sex Industry

With law enforcement going after online sex trafficking of minors with a vengeance, Bitcoin virtual currency is becoming the preferred coin of the realm for the sex industry. Police and the FBI have battled escort services for decades in an effort

Bitcoin (Rick Bowmer / AP)

Left Wants ‘Gig Economy’ to Play by Union Rules

California State Assembly member Lorena Gonzalez (D-San Diego), a former political consultant and labor lawyer, wants the authority to push “gig workers” into collective bargaining and unionization.

Lorena Gonzalez (Rich Pedroncelli / Associated Press)

NBC/WSJ Poll: Obama Falls to 43% as Terror New #1 Issue

The latest NBC News/Wall Street Journal poll reveals that following the San Bernardino terrorist attack, 70 percent of Americans now believe the nation is headed in the wrong direction and only 43 percent approve of Barack Obama’s job performance as president.

Barack Obama pauses as he delivers a statement, after a shooting at a community college in

VC Investors want Business Plan–and Funeral Plan

Venture capital investors love business plans that promise terrific upside, but they increasingly want a “funeral plan” in writing that explains what the entrepreneur can and will do if their start-up suffers from business problems or slow growth.

The Associated Press

Party’s Over: Tech IPOs Collapse on Wall Street

The tech sector is no longer the hottest place to be on the stock market. Initial public offerings (IPOs) have plummeted in tech in 2015, putting the sector behind health care and financial companies.

Asleep at computer (Aaron Jacobs / Flickr / CC / Cropped)

Counterpoint: California Best for New Business?

Beacon Economics just published a report concluding that California is the best place for new business in America, despite high taxes, burdensome regulations, and high living costs. “Next 10,” founded and funded by F. Noel Perry, retained Beacon Economics to

California Tattoo (Joel Pollak / Breitbart News)

Texas Tech Hubs Challenge Silicon Valley’s Lead

A new Progressive Policy Institute report reveals that Silicon Valley’s domination of telecom, tech, and content industries is increasingly at risk from other tech/info clusters in America–especially Texas tech hubs.

Austin (George Bridges / Associated Press)

Jerry Brown Leaves Terrorism at Home to Fight it in Paris

California Gov. Jerry Brown has now left California, still reeling from the San Bernardino terror attack, and has joined the United Nations in Paris to battle what President Barack Obama and others regard as possibly the real cause of terrorism: global climate change.

Jerry Brown UN Climate Paris (Michel Euler / Associated Press)

Supreme Court on Verge of Banning Affirmative Action

In the education case of Fisher v. University of Texas, a Supreme Court majority appears ready to strike down affirmative action because “The way to stop discrimination on the basis of race is to stop discriminating on the basis of race.”

Abigail Fisher Susan Walsh AP