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The Rich Got Richer In 2017… One Trillion Dollars Richer

2017 has been a banner year for the world’s richest individuals. Pumped by a tidal wave of central-bank driven liquidity and corporate buybacks, equity indexes around the world climbed to all-time highs this year – a phenomenon that has disproportionately benefited the world’s wealthiest, particularly the 500 individuals included in Bloomberg’s billionaires index. By the […]


Why Is Alphabet CEO Eric Schmidt Technically Serving In The Department Of Defense?

Authored by Eric Lieberman via The Daily Caller, Eric Schmidt, chief executive of Google parent company Alphabet, was appointed chairman of a Department of Defense program in 2016 that was established by former President Barack Obama’s administration. A staunch supporter of the Democratic Party and critic of President Donald Trump, Schmidt still continues to lead […]


Alphabet’s Eric Schmidt Steps Down From Executive Chairman Role

After 17 years in senior leadership at the "Do No Evil" shop, Eric Schmidt is stepping down from his executive chairman role at the internet behemoth… After ten years as CEO and seven as Executive Chairman, I can’t wait to dive into the latest in science, technology, and philanthropy. I look forward to working with […]


Jim Chanos Reminds People Why He Hates Tesla

Content originally published at iBankCoin.com   Chanos has been so wrong on Tesla and for so long, I think he’s starting to lose his mind. After all, what’s not to like about Tesla? Look at those revenues. Beautiful yes? Now here’s the losses. Oh. At the heart of his short selling thesis is the fact […]


Carpetbagger Paradise – by James McShirley

The term carpetbagger originally referred to post-Civil War Northerners who moved to the South during reconstruction for either economic gain, political gain, or both. They frequently arrived with hastily sewn suitcases made of carpet remnants, hence the moniker “carpetbaggers.” Carpetbagging has subsequently also become a popular description for non-native politicians who for expediency and opportunity […]


Jeff Bezos Becomes 2nd Man In History To Amass 12-Figure Fortune

$100,000,000,000…. That is the net worth of Amazon founder (and Washington Post owner) Jeff Bezos after Amazon's shares surged today on optimism over Black Friday. As Bloomberg reports, the $100 billion milestone makes Bezos, 53, the first billionaire to build a 12-figure net worth since 1999, when Microsoft Corp. co-founder Bill Gates hit the mark. Bezos’s fortune […]


Navy Plane Crashes Into Pacific Off Okinawa With 11 Aboard; 3 Missing

In an incident reminiscent of the two accidents earlier this year involving Navy destroyers deployed in the Pacific, a Navy plane carrying 11 military personnel crashed Wednesday in the Pacific near Okinawa. Eight of the passengers have been rescued but three are still missing. The Navy said in a tweet that the eight were brought […]


Can You Do A Backflip? Because This Robot Can

Since being founded in 1992 with funding from DARPA, robotics company Boston Dynamics has unveiled one nightmarish robotic creation after another. But the company outdid itself this week when it introduced the latest iteration of its ‘Atlas’ robot. The company caused a stir after publishing a video on YouTube showing the hulking humanoid robot jumping […]


For The First Time In 13 Years, U.S. Deploys 7 Aircraft Carriers Simultaneously

The US has simultaneously deployed 7 of the 11 U.S. nuclear aircraft carriers for the first time in over a decade according to the US Naval Institute. The three aircraft carriers with full air wings and strike groups positioned in the Western Pacific are the following: USS Ronald Reagan (CVN-76); USS Nimitz (CVN-68); USS Theodore Roosevelt (CVN-71). […]


Jeff Bezos Surpasses Bill Gates As World’s Richest Person

Thanks to the spike in Amazon’s stock price overnight after blow-out earnings (for AWS), CEO Jeff Bezos has added almost $7 billion to his net worth – pushing him above Microsoft founder Bill Gates to become the world’s richest person… Bezos, 53, has added $18.1 billion to his fortune this year. As Bloomberg reports, Bezos […]


Amazon Studio Boss Resigns Over Sexual Harassment Scandal

Embattled Amazon Studios head Roy Price – who was suspended by the company last week after a producer claimed Price had repeatedly sexually harassed her – has finally made it official. Variety reports Price officially resigned from Amazon on Tuesday, a decision that was expected by many in the industry. In Price’s absence, Amazon Studios […]


Suspended Amazon Studio Exec Resigns Over Sexual Harassment Allegations

Embattled Amazon Studios head Roy Price – who was suspended by the company last week after a producer claimed Price had repeatedly sexually harassed her – has finally made it official. Variety reports Price officially resigned from Amazon on Tuesday, a decision that was expected by many in the industry. In Price’s absence, Amazon Studios […]


Google Is Using Hot Air Balloons To Restore Cell Service In Puerto Rico

While Elon Musk is pretending that he can rebuild Puerto Rico’s power grid with solar-powered batteries, Google wants to deliver cell phone service using balloons. Alphabet Inc., Google’s corporate parent, received permission on Friday from the FCC to begin providing emergency cellular service to hurricane-ravaged Puerto Rico using balloons. The effort appears to be a […]


The US Military’s “Weapon Of The Future” Looks A Lot Like Skynet

Maybe Elon Musk had a point… The US’s military leaders have agreed on a strategy to guarantee the US military retains its global dominance during the twenty-first century: Connect everything with everything, as DefenseOne describes it. The result? An unimaginably large cephapoloidal nervous system armed with the world’s most advanced weaponry, and in control of […]


The US Military Is Quietly Building SkyNet

Maybe Elon Musk had a point… The US’s military leaders have agreed on a strategy to guarantee the US military retains its global dominance during the twenty-first century: Connect everything with everything, as DefenseOne describes it. The result? An unimaginably large cephapoloidal nervous system armed with the world’s most advanced weaponry, and in control of […]