Chriss W. Street

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Articles by Chriss W. Street

China's National Effort in Oil and Gas Fracking Fails

China’s “economic miracle” faces an existential threat now that the nation is the world’s largest importer of oil. The Chinese central authorities mandated a $275-billion crash investment in fracking to develop cheap energy from China’s 30 trillion cubic meters of

China's National Effort in Oil and Gas Fracking Fails

Scientists: Ebola Cripples Body's Ability to Halt Infected Cell Reproduction

Researchers from Washington University School of Medicine in St. Louis, Icahn School of Medicine at Mount Sinai and the University of Texas Southwestern Medical Center published a report in the Cell Host & Microbe Journal explaining discovered a unique mechanism in the Ebola virus that defeats attempts

Scientists: Ebola Cripples Body's Ability to Halt Infected Cell Reproduction

US Manufacturing Surges in July

United States manufacturing, which accounts for about 12% of the economy, surged by 1% in July after rising by 0.3% in June, according to the Federal Reserve.  Auto production led the way with a +10.1% leap, its biggest rise in

US Manufacturing Surges in July

China Faces Credit Crunch as Lending Falls 86%

China’s National Bureau of Statistics revealed data on August 13th that the nation’s credit plunged by a dramatic and wildly unexpected 86% in July, down to the slowest pace since the 2008 bankruptcy of Lehman Brothers and the start of the

China Faces Credit Crunch as Lending Falls 86%

We are More Addicted to Boob Tubes than Ever

Despite decades of the medical community warning that time spent watching TVs, computers and cell phones can cause eye soreness, dizziness, blurry vision, headaches, and muscle strain, Americans are becoming more addicted to all screens–and especially small screens according to

We are More Addicted to Boob Tubes than Ever

China Appears Ready to Dump Its U.S. Treasury Bonds

Although investors hang on every comment by Federal Reserve Chairwoman Janet Yellen to get insight on the direction of interest rates and what it means for the economy and asset prices, the real power to determine U.S. interest rates may

China Appears Ready to Dump Its U.S. Treasury Bonds

Judge Indicates Apple Conspired to Defraud Billions from Tech Workers

The stunning August 8th rejection by federal court Judge Lucy Koh of a $400 million settlement of claims against Apple, Google, Adobe and Intel Corporations for conspiring to hold down employee wages sent shudders through corporations in Silicon Valley and across

Judge Indicates Apple Conspired to Defraud Billions from Tech Workers

SpaceX Sued Under Warn Act for Up to 400 Layoffs

In a stunning development just 48 hours after Breitbart California published “Elon Musk Plays California for Tax Breaks, Then Moves SpaceX Operations to Texas,” employees at Space Exploration Technologies Corporation (SpaceX) headquarters in Hawthorne, California filed a lawsuit claiming the

SpaceX Sued Under Warn Act for Up to 400 Layoffs

Air Travel from Nigeria Most Likely Path for Ebola to Reach US

Whether or not Ebola ever actually reaches the United States, the fear of contagion will soon cause major economic and lifestyle changes for Americans. After killing almost 1,000 people in the isolated tri-border region of Guinea, Liberia, and Sierra Leone,

Air Travel from Nigeria Most Likely Path for Ebola to Reach US

Gallup: High Student Debt Results in 60% Worse Financial Condition

The Gallup polling organization found that Americans who graduated from college between 1990 and 2014 and are saddled with $50,000 or more in student debt suffer 60% worse financial well-being and 38% worse physical well-being than their peers who graduated

Gallup: High Student Debt Results in 60% Worse Financial Condition

Wikimedia Launches Viral Attack on Europe's 'Right to Be Forgotten'

The Wikimedia Foundation, which operates Wikipedia and other “free commons” websites, is trying to organize a crowdsourced viral movement on the web to overturn Europe Court of Justice’s “right to be forgotten” ruling that gives private individuals the right to request

Wikimedia Launches Viral Attack on Europe's 'Right to Be Forgotten'

iPhone 6 may be Hot, but iPad is Not

Apple will be holding a media event on Tuesday, September 9th to unveil its iPhone 6, according to reports today in the Wall Street Journal and tech news site Re/code.  The company releases a new phone each year, and the company

iPhone 6 may be Hot, but iPad is Not

Millennials' Jobs Getting Outsourced to Their Grandparents

The Los Angeles Times ran a story entitled, “Freelance Workers a Growing Segment of California Economy,” lamenting that millennials working part-time costs California $17 billion a year in tax revenue.  Aside from the Times bizarre comment that young people are

Millennials' Jobs Getting Outsourced to Their Grandparents

Goldman Sachs to Compete with Bloomberg Messaging

Goldman Sachs and a group of top tier investment banks are about to buy Silicon Valley’s Perzo to directly compete with Bloomberg LP, their current vendor for institutional trader interface and messaging. Facing annual license costs per terminal of over

Goldman Sachs to Compete with Bloomberg Messaging

50-Year Anniversary of the Gulf of Tonkin Incident

There will be no celebrations today for the fifty-year anniversary of the August 4, 1964 Gulf of Tonkin Incident. The aftermath of the Incident still divides America today. At 11:00 p.m. Vietnam time, Commander John J. Herrick on the destroyer

50-Year Anniversary of the Gulf of Tonkin Incident

California Cities Win Economic Bottom Dweller Award

Governor and potential presidential candidate Jerry Brown traveled to Mexico this week, while a team of economists for the popular Wallet Hub (WH) social media website employed a group of university economists to evaluate the 150 largest U.S. cities for

California Cities Win Economic Bottom Dweller Award

Communist Vietnam May Join the U.S. Team

Sixty prominent members of Vietnam’s Communist Party, including a former ambassador to Beijing, signed a letter on July 29 urging political and economic reforms that would divorce Vietnam from reliance on China, according to a July 30th report by the

Communist Vietnam May Join the U.S. Team

Argentina Defaults for 3rd Time in 28 Years

If you are a 28-year-old millennial in Argentina, you would have lived long enough for your nation to default for a third time in 28 years at 12:01 AM on August 1. The nation’s Economy Minister Axel Kicillof acknowledged the default after

Argentina Defaults for 3rd Time in 28 Years

Russians Can Defeat Obama's Sanctions Through Sacrifice

The Obama administration has led the European Union to jointly apply economic sanctions to starve Russia of the $59 billion in investment capital the nation needs to keep its oil and natural gas revenues high enough to fund over 50%

Russians Can Defeat Obama's Sanctions Through Sacrifice

Brown Heads to Mexico to Explain Why 50% More Unemployment is Better

Governor Jerry Brown, now the latest potential presidential candidate for 2016, is touting his trip to Mexico this week as an opportunity to demonstrate foreign policy expertise as a cheerleader in the quest to combat climate change. Mexico President Enrique

Brown Heads to Mexico to Explain Why 50% More Unemployment is Better

At $84,489, California Teachers Are Highest-Paid in America

Forbes Magazine recently wrote, “It is one of the most commonly held bits of conventional wisdom in this country: that teachers are grossly underpaid.” But a new survey of W-2 data from over half of the public school systems in California

At $84,489, California Teachers Are Highest-Paid in America

Gallup: 40% of Consumers Buy Used Goods to Save Money

Americans are facing increasing budget crunches regarding spending on household essentials this summer, according to a July 23rd report by researchers at Gallup.  To respond, American consumers say in the past four weeks 83% purchased generic or store brand goods, 61%

Gallup: 40% of Consumers Buy Used Goods to Save Money

California Pot Farms Use 50% More Water than City of San Francisco

Scientists with the California Department of Fish and Wildlife are warning that streams harboring endangered salmon and steelhead could go dry because of the heavy water consumption by marijuana growers.  During the growing season, California “pot farms” consume 60 million gallons of water

California Pot Farms Use 50% More Water than City of San Francisco

Study: Drought will only Cost California Agriculture 3% of Revenue

With 79% California in “extreme drought” status, and the agriculture industry suffering its greatest loss of water ever recorded in state history, the $50 billion annual sector will only suffer about $1.5 billion in losses or 3%, of revenue according to

Study: Drought will only Cost California Agriculture 3% of Revenue

BRICS Development Bank Does Not Undermine US Dollar

As the three day meeting for the 6th annual “BRICS” conference of Brazil, Russia, India, China and South Africa comes to a close, the most important accomplishment is the founding of the BRICS Development Bank and a currency stabilization pool

BRICS Development Bank Does Not Undermine US Dollar

China Cracking Down on Money Laundering to Buy Real Estate in CA

China is cracking down after the CCTV state-owned broadcaster secretly recorded a state-owned bank executive bragging that the bank illegally provides in-house money laundering services for wealthy Chinese nationals to violate currency controls and buy real estate in “world cities”

China Cracking Down on Money Laundering to Buy Real Estate in CA

New York AG Battles Taxi Competition from Lyft P2P

Lyft peer to peer (P2P) shared-ride service said on its blog that Lyft will delay its New York City launch in Brooklyn and Queens after the New York State Attorney General said a court issued a temporary restraining order against the

New York AG Battles Taxi Competition from Lyft P2P

US Banking Falling Behind P2P and B2B 'Crowdfunded' Banking

John Gapper in a Financial Times article titled “US Banks Will Pay Dearly For Their Failure To Modernize” warns that the United States banking system is failing to modernize and is actually falling behind England, India, and Africa, as the

US Banking Falling Behind P2P and B2B 'Crowdfunded' Banking

US Commonwealth of Puerto Rico Prepares to Default (in Spanish)

Municipal bond mutual fund investors are panicking this weekend after the U.S. Commonwealth of Puerto Rico’s Legislature passed a new law allowing public agencies to default on their debt.   Although part of the United States, Puerto Rico in the 1990s

US Commonwealth of Puerto Rico Prepares to Default (in Spanish)

CalPERS Former CEO Admits to Fraud and Bags of Cash

The $288 billion California Public Employees’ Retirement System was rocked on July 10 when it was learned that former CEO Federico Buenrostro had cut a plea bargain with the Justice Department to turn “state’s evidence” regarding steering $14 million in placement

CalPERS Former CEO Admits to Fraud and Bags of Cash

Millennials Say Government Inefficient, Abusive, Supports Cronyism

A Reason-Rupe Survey of 2,000 American millennials between the ages of 18 and 29 titled “Millennials: The Politically Unclaimed Generation” found that 66% believe government is inefficient and wasteful, up by 24% since 2009.  Only 18% of millennials believe government regulators

Millennials Say Government Inefficient, Abusive, Supports Cronyism

Despite Silicon Valley, Most Interns Who Earn, Earn Little

Bloomberg ran an article this week hyping about summer interns in Silicon Valley that can get glamorous jobs working directly with Mark Zuckerberg, being paid $6,213 per month and even being allowed the perk of flying their mother out for the

Despite Silicon Valley, Most Interns Who Earn, Earn Little

WSJ is Too Old to Appreciate Venture Capital

With the Wall Street Journal turning 125 years old this week, it is humorous that its tech writer, Christopher Mims, chose to dismiss the lack of “net social benefits” by venture capital (VC) in an article titled “Is Silicon Valley

WSJ is Too Old to Appreciate Venture Capital

Silicon Valley Still King of Venture Capital

Silicon Valley in northern California remained the center of the earth for venture capital in the second quarter of 2014 according to PitchBook data. Of the $21.6 billion of venture capital (VC) investment worldwide, $9 billion, or 41.6%, went into

Silicon Valley Still King of Venture Capital

Obama's 'Mission Creep' in Iraq Becoming 'Mission Run'

Three weeks ago, President Obama promised that the United States “will not be sending U.S. troops back into combat” in Iraq. But Foreign Policy magazine (FP) just reported that Chairman of the Joint Chiefs of Staff General Martin Dempsey acknowledged that

Obama's 'Mission Creep' in Iraq Becoming 'Mission Run'

U.S. Jobs Leap but Inflation Is Rising Fast

The U.S. economy created 288,000 jobs in June, and unemployment fell from 6.3% to 6.1% according to the Labor Department. Job creation for the months of April and May were also revised up by another 29,000 jobs. June marked the

U.S. Jobs Leap but Inflation Is Rising Fast