The Truth About Amazon, Food Stamps, and Tax Breaks

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Since the early 2000s, Amazon has quietly received more than $1.5 billion in government subsidies, in exchange for bringing new jobs to cities and states across the country. At the same time, low-wage employees at Amazon's grueling warehouses have sometimes had to rely on a different kind of government benefit, like the Supplemental Nutrition Assistance […]

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This Hearing Aid Can Translate For Youand Track Steps Too

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It’s too loud for me to hear inside the Cupertino coffee bar, but Achin Bhowmik says it doesn’t bother him. He’s got a superpower, he says. If I look closely—very closely—I can see the tiny plastic tubes reaching from his ear canals to small devices hidden behind his ears. The hearing aids are running machine-learning […]

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Weak economic recovery was down to flawed policies, not secular stagnation | Joseph Stiglitz

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Lesson to be learned from 2008 financial crisis is that the challenge was and is – political In the aftermath of the 2008 financial crisis, some economists argued that the US, and perhaps the global economy, was suffering from secular stagnation an idea first conceived in the aftermath of the Great Depression. Economies had always […]

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Elon Musk and Tesla sued over ‘fraudulent scheme’ to go private

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Lawsuits say funding secured tweet broke securities laws and aimed to punish short-sellers Tesla and Elon Musk were sued twice on Friday by investors who say they fraudulently engineered a scheme to squeeze short-sellers, including through Musks proposal to take the electric car company private. The lawsuits were filed three days after Musk stunned investors […]

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EU acts to protect firms from Donald Trump’s sanctions against Iran

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Companies told to ignore White House demands to drop all business with Iran The EU has launched an attempt to protect European businesses from Donald Trumps sanctions against Iran as the US administration voiced its intent to apply maximum pressure on Tehran by vigorously applying its punitive measures. The sanctions are to enter into force […]

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Putin Aide Proposes $7.5 Billion Tax Hike for Mining, Chemicals Sectors

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The top economic adviser to Russian President Vladimir Putin proposed raising taxes on mining companies, including MMC Norilsk Nickel PJSC and Alrosa PJSC, among the largest producers of nickel and diamonds. Additional budget revenues are needed to help pay for Putin’s promises to boost spending after his re-election this spring, according to the letter, which […]

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Chicken meatballs and masala boxes: Ikea comes to India

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Hyderabad opening, complete with military band, is Swedish firms first in country of 1.25bn Curious customers lay on beds and nestled into armchairs as Ikea opened its first Indian store, hoping to attract a burgeoning middle class with offerings tweaked to local tastes, including a variation on its famous meatballs. With an opening that featured […]

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Using Artificial Intelligence to Fix Wikipedia’s Gender Problem

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Miriam Adelson is an accomplished physician who has published around a hundred research papers on the physiology and treatment of addiction. She also runs a high-profile substance-abuse clinic in Las Vegas. Oh, and she’s the publisher of Israel’s largest newspaper and, with her billionaire husband Sheldon, a philanthropist and influential Republican party donor. Yet Wikipedia […]

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Kushners Give Up Control of Manhattan Tower to Save Themselves

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The Kushners have found their out — and it comes at a price. The family firm of presidential son-in-law Jared Kushner will be relieved of the biggest drag on its real estate empire, will no longer face a $1.2 billion debt payment due in months, will be rid of having to overhaul an aging property. […]

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