Chriss W. Street - Page 31

In an effort to rescue its mistake in overpaying to buy Beats Audio and Music for $3 billion, Apple intends to make tens of millions of high-end headphones obsolete by changing the headphone port on the next iPhone update.

In approving the Chinese yuan as a 10.92 percent participant as a reserve currency in the global basket, the International Monetary Fund (IMF) warned that China’s inclusion could push up interest rates.

Monday’s Chicago Purchasing Manager’s Index for Mid-West manufacturing plunge to a score of 48.7 would have caused widespread economic concern three decades ago, but today’s blue-collar employment is down to only one in twelve Americans.

As former employees and retirees reminisced about how a union strike killed their jobs, the last C-17 military transport plane left Boeing’s Long Beach assembly plant, which had employed 35,000 workers a decade ago.

As President Barack Obama departed for the climate summit in Paris, he faces a new “Solyndra” scandal as Spain’s Abengoa SA, which received $3 billion in administration sustainable energy loans and Export-Import Bank guarantees, announced that it has started bankruptcy proceeding and may soon default on its debt.

With a whistle-blower leveraging the scandal regarding use of state staff to apparently evaluate geological data for the profitability of “fracking” on his private land, California Governor “Big Oil Brown” is headed for the limelight at the Paris climate change summit.

Although Marissa Mayer has brought stability and mobile growth to Yahoo over the last three years, after the company went through four failed CEOs, activist hedge funds are bringing out the long knives to threaten dumping Mayer.

Three months after Breitbart News and others outed Sen. Dianne Feinstein’s (D-CA) backdoor effort to freeze development on over one million acres of California dessert by having President Obama declare the area subject to the Antiquities Act of 1906, her efforts are going down in flames as Congressional Republicans are moving to ban the Antiquities designation.

American medical researchers have just announced the potential end of daily insulin injections for Type 1 diabetes suffers through an innovation that restores insulin production for up to a year.

The Pilgrims suffered a 60 percent death rate in their first year at Plymouth. The remaining 53 Pilgrims and 90 locals celebrated “Thanksgiving,” because their losses were actually relatively low.

Californians are about to be punished for exceeding the 25 percent statewide mandatory water savings edict with $300 million in conservation-related rate hikes.

The worldwide number of annual terrorist deaths has more than quadrupled since President Barack Obama was inaugurated in January 2009. Deaths from terrorism increased 80 percent last year to an all-time-record of 32,658 people killed, compared to 18,111 in 2013.

The Teamsters Union, representing shuttle bus drivers for tech companies, have kicked up pay for drivers from $18 dollars an hour to $25 after signing contracts with Apple and other Silicon Valley companies, part of a “domino effect” to organize the tech sector.

California employers added 41,200 new jobs in the month of October, as the Golden State’s employment production continues at a 50 percent higher pace than the nation as a whole.

The first political shock following the Paris bombings is the Argentine presidential election of conservative Mauricio Macri over the Peronist/Marxist ruling regime.

The CalPERS Board voted to refuse California Gov. Jerry Brown’s modest demand to decrease their expected pension investment returns by a tiny 0.2% year, because the impact would have increased pension contribution costs by about $1.2 billion across nearly 800,000 employees–about $125 per month, on average.

Tesla Motors stock wavered on November 20 after the company issued a voluntary worldwide recall to inspect every one of the 90,000 Model S cars the company has ever built.

Although Democrats like to talk about unfair wealth inequality in America, six of the ten richest members of Congress are Democrats and the poorest member is a Republican.

The Board of the Los Angeles Airport Commission voted unanimously to build at taxpayers’ cost a ritzy private lounge to cater to the whims of uber-wealthy Hollywood celebrities, sports figures, diplomats and politicians seeking to avoid mixing with taxpayers.

China gave Russia’s defense industry a huge boost on November 19 by ordering 24 Su-35s, at a cost of $83 million each, to face-off against Lockheed’s $400 million F-35.

The U.S. Department of Housing and Urban Development has declared that with a 20 percent jump this year, Los Angeles is still leading the nation in homelessness–despite $25 billion a year in welfare spending going to the L.A. region.

CEO Marissa Mayer denied rumors over the weekend that with Yahoo stock down 38 percent over the last twelve months, she was about to leave the company.

Despite El Niño generating three times the amount of snow in Mammoth in the first half of this month as it did for the entire month of November last year, California’s failure to build infrastructure means most rain will be lost to run-off and flooding.

The rumor mill indicates that the 155 acres that Apple quietly acquired near San Jose International Airport are enough for the R&D center for its “Project Titan” self-driving cars.

Tesla claims it will sell a half million vehicles a year when its $35,000 Model 3 is introduced in 2017, but the network of charging stations in California is already imploding with just 160,000 registered electric vehicles.

Beyond the horrific deaths, injuries, and panic from seven coordinated terror attacks in Paris, the consequences of France’s 9-11 will likely be a serious deflationary recession and right-wing nationalism spreading across Europe.

Google activated its “Person Finder,” and Facebook activated its “Safety Check” tools on the evening of Friday, November 13, to let anxious users check the status of friends and family caught up in the Paris terrorist attacks.

Tesla claims it will sell a half million vehicles a year when its $35,000 Model 3 is introduced in 2017. However, the network of charging stations in California is already imploding with just 160,000 registered electric vehicles on the roads.

Two Silicon Valley companies that import foreign software engineers for Apple and other firmss were fined and banned from the controversial H-1B visa program for underpaying what are already cheap foreign tech workers.

A study presented at the British Royal Astronomical Society’s recent annual meeting confirms that the sun may go into a “hibernation” mode around 2030 called the “Grand Solar Minimum” that could cause another “Little Ice Age.”

With the appointment of Neel Kashkari as President of the Federal Reserve Bank of Minneapolis, former Goldman Sachs executives will hold 4 of the 5 Fed Presidents’ seats on the powerful Federal Open Markets Committee that controls U.S. interests rates.

As Carlsbad’s $1 billion desalination plant is about to go online in the next 30 days, residents can look forward to paying for huge water subsidies to a private company for the next 30 years.

The latest USC Dornsife/L.A. Times Poll found a sharp divide separates the economic optimism of upscale coastal elites and the anxiety of financially stressed Californians.

Despite peanut butter already being so popular that it is in 94 percent of American households, Steem Peanut Butter intends to take the iconic staple even more popular by adding the caffeine of two cups of coffee to each serving.

Jerry Brown’s alleged use of California state staff to access geological data may have been related to an effort to maximize the potential for fracking on the Governor’s private land.

Despite offshore wind farms around the world serving as Osterizers for seabirds and sonar jamming devices for marine mammals, an out-of-state company with no experience is proposing to install 100 floating turbines, each up to 636 feet tall, offshore from the Hearst Castle in California.