In the ocean of news stories pertaining to Stormy Daniels and the latest trivial outrage, there was a new record made in the first quarter of 2018 that barely got any coverage. What was it? U.S. student debt topped $1.5 trillion for the first time in the nation’s history in the January-to-March period. And it’s […]
Archives for May 2018
War on Cash: Australia bans $10k cash payments, sets up a snitch hotline
There has been a new development in the war on cash: Australia banning payments over $10,000. As part of the government’s efforts to maintain economic growth and to clamp down on illicit activities estimated to be $50 billion, Australia is instituting a nationwide payment limit of $10,000 transactions completed in cash. This will go into […]
Tulsi Gabbard obliterates Trump on Iran deal
No matter what you think of former President Barack Obama’s nuclear agreement with Iran, President Donald Trump’s decision to scrap the deal is a foolish one. Not because it could backfire, but because it endangers future pacts with other nations, like North Korea. If the U.S. can just destroy an agreement, then why would Kim […]
$25k robot barista can serve 120 cups of coffee per hour
Today, the average Starbucks barista makes an average total pay of $23,507, when you factor in pay, bonuses, benefits, tips, and additional compensation. Sometimes they’re friendly, sometimes they’re not. It’s a crapshoot. (It’s worse if they’re sporting a hipster mustache.) But what if Starbucks was able to substitute these human baristas for robotic baristas? That’s […]
EIA: U.S. output will reach 12 million bpd by late 2019
The shale-oil revolution carries on in the United States as production levels continue to post record highs. On Wednesday, the Energy Information Administration (EIA) forecast that domestic crude output will reach 12 million barrels per day (bpd) by the fourth quarter of 2019. Right now, the U.S. is producing 10.33 million bpd, topping that of […]