1 +11y+ ago
Donald Trump’s companies are almost $1.8 billion in debt to more than 150 institutions, a new report has suggested – raising fresh questions about potential conflicts of interests when the Republican takes office in January. The new evidence exposes the extent to which the businessman will soon be responsible for regulating many of the institutions he owes sizeable amounts of money to. Mr Trump has previously declared $315 million (£254 million) of debt owed to ten different lenders.
1. New analysis suggests Wall Street might own Donald Trump — literally Added by gladsdotter on January 8th 2017.
2 +11y+ ago
Finland has become the first country in Europe to pay its unemployed citizens a basic monthly income, amounting to almost $600 US in a unique social experiment which is hoped to cut government red tape, reduce poverty and boost employment.
1. What happens when you give free money to poor people. Added by tranxene on January 5th 2017.
3 +11y+ ago
We’ve decided to make some major changes at Medium.
2. Medium lays off 50 employees, shuts down New York and D.C. offices Added by 8mm on January 5th 2017.
4 +11y+ ago
A former Snapchat employee alleges that the company has been faking its growth numbers in order to boost its value in an IPO, according to a lawsuit filed in L.A. Superior Court. Anthony Pompliano, who was the company’s growth lead, alleges that he was fired after just three weeks with the company because he refused to go along with Snapchat’s plans. Pompliano was hired away from a similar job at Facebook, Snapchat’s arch-rival. According to the lawsuit, Pompliano came to understand that he was only hired because Snapchat wished to obtain confidential and proprietary information from Facebook.
Submitted on January 5th 2017 by geoleo
5 +11y+ ago
In early November, without warning, the Indian government declared the two largest denomination bills invalid, abolishing over 80 percent of circulating cash by value. Amidst all the commotion and outrage this caused, nobody seems to have taken note of the decisive role that Washington played in this. By Norbert Häring.
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Closer look at SEC documents reveal that Zuckerberg only needs to own enough Facebook stock or have the board's approval to be allowed to serve in the government. This comes hours after, Facebook co-founder said his 2017 personal challenge is to meet and listen to people in all 50 states, hinting that he may have intentions of getting into politics. Without the limit, Zuckerberg has the opportunity to be appointed or elected to a more significant office and have as much time as he wants to make an impact...
Submitted on January 5th 2017 by Chubros
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The rich and colorful history of charlatanism and its somewhat more legitimate business cousins is showcased in a new book called "Bizarre & Outlandish Gadgets & Doohickeys." Written by Maurice Collins, the volume is packed with the brainchildren of would-be disruptors who tried to make their fortunes between the years 1851 and 1951. Some clearly hoped to get rich quick at the expense of a credulous public, but others were guilty of nothing more than having a clever idea that once must have made sense but now seems quaintly out-of-date, usually because of its reliance on laughably archaic technology.
Submitted on January 5th 2017 by gladsdotter with 1 Related Links:
14 +11y+ ago
Maybe it shouldn’t be that surprising that Amazon has patented a system for delivering goods via a dedicated network of underground tunnels. After all, the Seattle-based company is looking into virtually every other mode of transportation. But the idea seem ambitious, even for America’s largest online retailer. Amazon has experimented with delivery services that make use of autonomous drones, bicycle couriers and branded fleets of airplanes and trucks. There’s talk of self-driving trucks, flying warehouses and a system that would let drones hitchhike on trucks and buses.
Submitted on January 5th 2017 by bradd
15 +11y+ ago
A secondhand bookshop owner who has received more than 20 complaints about his rudeness has admitted he was wrong to call a customer a “pain in the arse”. Steve Bloom, who runs Bloomindales in the Yorkshire Dales, has been criticised for asking visitors for a 50p entry fee, with the chairman of Hawes parish council branding him “the bookseller from hell”. Bloom, who described himself as “not really a people person”, said the council had given the issue more importance than it deserved.
Submitted on January 6th 2017 by aj0690
16 +11y+ ago
Ford announced today plans to cancel a $1.6-billion plant in Mexico and to invest $700 million in metro Detroit's Flat Rock Assembly plant. "We are today announcing that we are investing $700 M to transform Flat Rock into a new manufacturing & innovation center," Ford CEO Mark Fields said at a press conference held this morning at the plant.
17 +11y+ ago
18 +11y+ ago
The Sun made a loss of more than £60m last year as steep declines in print advertising, redundancy costs and phone-hacking charges battered the tabloid. Its stablemate the Times also slipped into the red, reporting a pretax loss of £5m in the year to 3 July, down from a profit of £8.8m in 2015, in part due to racking up £13.7m in redundancy restructuring costs. The Sun fared significantly worse, notching up a pretax loss of £62.8m for the same period last year, according to accounts filed at Companies House for its parent company News Group Newspapers.
Submitted on January 7th 2017 by Chubros
19 +11y+ ago
Music Business Worldwide reports that Google may be "very interested" in acquiring SoundCloud, citing "high level rumors" of a potential sale. A previous report claimed that Spotify had backed out of "advanced talks" to acquire Soundcloud, after the streaming company set its price tag at around $1 billion. Now, the Music Business Worldwide report claims that Soundcloud may be willing to sell for closer to $500 million, with Google emerging as the "current favorite" to buy.
Submitted on January 7th 2017 by baron778
20 +11y+ ago
MyPillow has lost its accreditation after a slew of customer complaints. KARE-11 reports the Better Business Bureau lowered the Minnesota-based company's rating to an "F" due to a "pattern of complaints" and advertising violations. In some cases, the popular "As Seen on TV" pillows were different than pictured on the boxes or weren't the same products pictured on television commercials.
Submitted on January 4th 2017 by sasky
Here are this week's top five Business & Economy tribes:
/t/business 70 posts, 31 comments, 273 votes.
/t/economy 49 posts, 47 comments, 220 votes.
/t/entrepreneurship 21 posts, 2 comments, 72 votes.
/t/agriculture 3 posts, 4 comments, 43 votes.
/t/stocks 3 posts, 0 comments, 13 votes.
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