Image of Amazon may open 3,000 cashierless stores by 2021 - as survey reveals it's now third in online ads | Daily Mail Online
Amazon may open 3,000 cashierless stores by 2021 - as survey reveals it's now third in online ads | Daily Mail Online
Amazon may plan to open 3,000 cashierless stores by 2021, Bloomberg reportsThe firm already has four locations of its Go stores open, but it may have up to 10 locations up and running by the end of the year and as many as 50 open by 2019It's the latest example of Amazon's rapidly growing businesses, the latest being its advertising unit, which is set to be ranked third in the US digital ad market.... [Read More]
Image of S. Korea Readies Ban On Cryptocurrency Trading as Police & Tax Agency Raid Exchanges » Alex Jones' Infowars
S. Korea Readies Ban On Cryptocurrency Trading as Police & Tax Agency Raid Exchanges » Alex Jones' Infowars
South Korea’s justice minister has announced legislation is in the works to ban cryptocurrency trading after police and tax authorities reportedly raided the country’s biggest exchanges in a tax evasion probe.“There are great concerns regarding virtual currencies and the justice ministry is basically preparing a bill to ban cryptocurrency trading through exchanges,” Park Sang-ki told a press confe... [Read More]
Image of PressTV-Britain’s trade deficit hits 5-month high over Brexit fears
PressTV-Britain’s trade deficit hits 5-month high over Brexit fears
UK’s trade deficit has risen to a five-month high amid growing concerns over Britain’s planned exit from the European Union and looming Brexit talks.The gap between exports and imports widened by half a billion pounds in November to a five-month high of 2.8 billion pounds, the Office for National Statistics (ONS) said in a statement on Wednesday.“This trade data won't exactly help UK plc in negoti... [Read More]
Image of How Amazon Undermines Jobs, Wages, and Working Conditions (Fact Sheet) | Feb 2017
How Amazon Undermines Jobs, Wages, and Working Conditions (Fact Sheet) | Feb 2017
When shoppers interact with Amazon, they see an innovator. But behind the scenes, Amazon relies on a labor model that looks a lot more like the past than the future, with fewer reliable jobs, declining wages, and increasing inequality.ILSR recently released an in-depth report on Amazon, and this week, ILSR and Jobs With Justice partnered to produce a fact sheet that breaks down how this powerful c... [Read More]
Image of Trading Oil for Gold: China’s Gold-Backed Petro-Yuan Market, Threatens the US Dollar?
Trading Oil for Gold: China’s Gold-Backed Petro-Yuan Market, Threatens the US Dollar?
China recently announced they will trade oil for yuan “backed” by gold. The story has gotten some press (none of it mainstream mind you), and many have questions as to what it really means. While quite complicated as a whole, when you break this down into pieces I believe it is a quite simple and logical end to Bretton Woods.For a background, China has had an exchange open for about a year where g... [Read More]
Image of China buying oil from Iran with yuan - BBC News
China buying oil from Iran with yuan - BBC News
China is buying crude oil from Iran using its currency the yuan, an Iranian diplomat has said.Oil transactions are usually settled in dollars but US sanctions make it difficult for Iran to accept payments in the US currency.Iran is using the revenue to buy goods and services from China, Mohammed Reza Fayyad, Iran's ambassador to the United Arab Emirates, confirmed.China is the biggest buyer of Ira... [Read More]
Image of Non-Dollar Trading Is Killing the Petrodollar -- And the Foundation of U.S.-Saudi Policy in the Middle East | HuffPost
Non-Dollar Trading Is Killing the Petrodollar -- And the Foundation of U.S.-Saudi Policy in the Middle East | HuffPost
BEIRUT — A profound transformation of the global monetary system is underway. It is being driven by a perfect storm: the need for Russia and Iran to escape Western sanctions, the low interest rate policy of the U.S. Federal Reserve to keep the American economy afloat and the increasing demand for Middle East oil by China.The implications of this transformation are immense for U.S. policy in the Mi... [Read More]
Image of PressTV-110,000 stranded as UK airline collapses
PressTV-110,000 stranded as UK airline collapses
The collapse of the UK’s Monarch Airline has left some 110,000 Britons stranded abroad, kicking off the biggest peacetime repatriation program to take them back home.Britain’s longest-surviving airline brand ceased all trading activities early Monday and was placed into administration after failing to renew a crucial license.The airline’s collapse meant that all of the its 300,000 future bookings ... [Read More]
Image of China Is Kicking Out All North Korean Businesses » Alex Jones' Infowars
China Is Kicking Out All North Korean Businesses » Alex Jones' Infowars
The Chinese government has ordered all North Korean firms in the country to shut down within the next few months.China’s Ministry of Commerce announced Thursday that North Korean companies and joint ventures will close within 120 days of the most recent United Nations sanctions resolution, according to multiple reports.China has long been North Korea’s primary beneficiary for decades, helping the ... [Read More]
Image of PressTV-May to visit Canada in quest for trade deals
PressTV-May to visit Canada in quest for trade deals
The UK might lose more than £2 billion in exports to Canada after leaving the European Union (EU), warns a campaign group, as Prime Minister Theresa May prepares to visit the country to discuss future ties.According to Open Britain, the organization campaigning for a soft Brexit, leaving the EU means the UK would no longer be part of a controversial EU-Canada trade deal that was expected to boost ... [Read More]
Image of The Federal Reserve is setting America up for economic disaster | TheHill
The Federal Reserve is setting America up for economic disaster | TheHill
I recently had the opportunity to read the ‘Creature from Jekyll’ Island by G. Edward Griffin, a prodigious tome dealing with the circumstances surrounding the creation of the U.S. Federal Reserve system. I was taken aback by some of its provocative assertions.    America joined World War I largely to help a few bankers profit off the war (despite a long-standing Monroe doctrine tha... [Read More]
Image of PressTV-Merkel UK’s ‘best hope’ for saving Brexit
PressTV-Merkel UK’s ‘best hope’ for saving Brexit
German Chancellor Angela Merkel is the “only hope” for saving the tumultuous Brexit talks with the European Union (EU), says former leader of the UK Independence Party (UKIP) Nigel Farage.Speaking on a radio program on Sunday, Farage endorsed Merkel in her ongoing bid for re-election against her center-left rival Martin Schulz."My feeling is she is a pragmatist, and probably the most positive lead... [Read More]
Image of Why the Post Office Gives Amazon Special Delivery - WSJ
Why the Post Office Gives Amazon Special Delivery - WSJ
In my neighborhood, I frequently walk past “shop local” signs in the windows of struggling stores. Yet I don’t feel guilty ordering most of my family’s household goods on Amazon. In a world of fair competition, there will be winners and losers.But when a mail truck pulls up filled to the top with Amazon boxes for my neighbors and me, I do feel some guilt. Like many close observers of the shipping ... [Read More]
Image of Bizarre computer glitch sends technology stocks all crashing to same price
Bizarre computer glitch sends technology stocks all crashing to same price
A bizarre computer glitch sent shares in dozens of US technology companies including Apple, Amazon and Microsoft to the same price on Tuesday morning, leading some to apparently lose billions in market value.The bug showed many stocks on the Nasdaq exchange to briefly be reported as $123.47 on Bloomberg, Reuters and Google Finance data. It was triggered after financial information providers wrongl... [Read More]
Image of PressTV-Brexit: 1 million foreign workers leaving UK
PressTV-Brexit: 1 million foreign workers leaving UK
More than one million foreign workers are planning to leave the United Kingdom as London begins the process of exiting the European Union, amid fears the country is facing a Brexit brain drain, a new research shows.According to the survey conducted by a global accountancy giant, Deloitte, about 36 percent of foreign workers in Britain say they are preparing to leave the country by 2022, with 26 pe... [Read More]
Image of PressTV-UK not to pay €100 billion EU divorce bill
PressTV-UK not to pay €100 billion EU divorce bill
The UK will not be paying 100 billion euros to the European Union in order to leave the bloc, Brexit Secretary David Davis says.Davis’ remarks came on Wednesday after a report by the Financial Times said that the EU was going to demand that amount as the cost for Brexit.The newspaper, citing its own analysis, said new stricter demands were driven by France and Germany, noting 100 billion euros was... [Read More]
Image of Stores Are Closing at a Record Pace as Amazon Chews Up Retailers - Bloomberg
Stores Are Closing at a Record Pace as Amazon Chews Up Retailers - Bloomberg
The battered American retail industry took a few more lumps this week, with stores at both ends of the price spectrum preparing to close their doors.At the bottom, the seemingly ubiquitous Payless Inc. shoe chain filed for bankruptcy and announced plans to shutter hundreds of locations. Ralph Lauren Corp., meanwhile, said it will close its flagship Fifth Avenue Polo store -- a symbol of old-fashio... [Read More]
Image of Bloggers are panicking over changes to Amazon’s affiliate system - The Verge
Bloggers are panicking over changes to Amazon’s affiliate system - The Verge
Thursday night, members of Amazon’s associates program got some urgent and unexpected news. Rumors had been swirling for weeks, but a late-afternoon email made it official: on March 1st, the affiliate rates would be changing, shaking up one of the web’s longest-running ways to make a quick buck.“These changes simplify the fee structure,” the message read, explaining the new rate structure. “We wan... [Read More]
Image of Inenco: Energy supplier billing errors 'costing UK firms half a billion pounds' | theenergyst.com
Inenco: Energy supplier billing errors 'costing UK firms half a billion pounds' | theenergyst.com
Inaccurate billing by energy suppliers is costing UK firms half a billion pounds a year, according to third party intermediary Inenco.The consultancy says that one in five business energy bills are wrong, and that UK firms could claim that money back in refunds – if they know what they are looking for. However, Inenco says only one in five businesses conduct regular invoice validation and bill aud... [Read More]
Image of $540,701,000,000: U.S. Property Taxes Hit Record in 2016
$540,701,000,000: U.S. Property Taxes Hit Record in 2016
(CNSNews.com) - Americans paid a record $540,701,000,000 in property taxes to state and local governments in fiscal 2016, according to the U.S. Census Bureau.That was up $16,748,620,000—or about 3.2 percent--from $523,952,380,000 in property taxes (in constant 2016 dollars) that state and local governments collected in fiscal 2015.The prior national record for property taxes was set in fiscal 2009... [Read More]
Image of The US economy is sounding an alarm that everyone is ignoring - Business Insider
The US economy is sounding an alarm that everyone is ignoring - Business Insider
President Donald Trump and other proponents of scrapping the post-financial-crisis regulations imposed on Wall Street argue that red tape is preventing banks from lending and hurting the economy.It's true that firms have been borrowing less in a sign they are still uncertain about the economy's prospects, despite record-breaking rallies in the stock market. Here's the rationale Trump offered ... [Read More]
Image of PressTV-Qatar owns more of London than Queen
PressTV-Qatar owns more of London than Queen
A report published by a British newspaper has revealed that Qatari investors are in possession of more property in London than the city’s mayor and even the Queen.The Telegraph said in a Friday report that Qatar has become one of the biggest landlords in the British capital over the past ten years, currently owning 24 million square feet of the city's prime real estate.Data from the research firm ... [Read More]