Investigating Amazon’s impact on retail sales growth

Investigating Amazon’s impact on retail sales growth

By Mike “Mish” Shedlock The latest retail sales report from the Census Department offers a fascinating look at Amazon’s impact on retailers if you dive into the details. Retail sales are off to a poor start in the second quarter. April plus May growth is only up 1% in total, about 0.6% annualized. Areas highlighted […]

Dangerous ‘crash override’ malware could take down U.S. electrical grid

Dangerous ‘crash override’ malware could take down U.S. electrical grid

From Technocracy News The so-called ‘smart grid’ isn’t nearly as smart as you think it is, because Technocrats who built it didn’t wrap it in protection against miscreants. They ‘invent’ and then they walk on to the next project without wrapping up details from the last project. ⁃ TN Editor The identification of malware tied to […]

Fight against surveillance gains steam despite GOP establishment, Trump support for permanent spy power

Fight against surveillance gains steam despite GOP establishment, Trump support for permanent spy power

By Sam Rolley / Personal Liberty Digest President Donald Trump and a group of powerful establishment Republicans in the Senate are bent on solidifying the surveillance state’s ability to continue spying practices that result in American communications being scooped up in the dragnet. But privacy-minded Republicans are pushing back– and they have a good chance […]

Robot-powered restaurant one step closer to dumping fast-food workers

Robot-powered restaurant one step closer to dumping fast-food workers

From Technocracy News Technocrats working robotics are pushing hard for a Universal Basic Income throughout society because they understand the vast damage they will cause to the labor force. The ethical issue does not concern them, as they ‘invent’ simply because they can. ⁃ TN Editor A secretive robotics startup has raised a new round of venture […]

Retail sales dive (and it’s not just autos)

Retail sales dive (and it’s not just autos)

By Mike “Mish” Shedlock Retail sales took a 0.3 percent dive in May vs an Econoday expectation of a 0.1 percent rise. Weakness was across the board. It must be transitory because the Fed hikes this afternoon. Consumer spending was unusually weak in the first quarter and doesn’t look to be improving this quarter. Retail sales fell […]

It’s confirmed: Without government subsidies, Tesla sales implode

It’s confirmed: Without government subsidies, Tesla sales implode

From Technocracy News Elon Musk, founder and CEO of Tesla, is the consummate Technocrat not even slightly concerned about building his technology empire upon the back of government subsidies. Without subsidies, his sales would collapse to near-zero. ⁃ TN Editor According to the latest data from the European Automobile Manufacturers Association (ACEA), sales of Electrically Chargeable […]

Report: Louisiana hospital privatization boosted quality of care, prosperity, jobs

Report: Louisiana hospital privatization boosted quality of care, prosperity, jobs

By Joshua Paladino / Heartland Institute Former Louisiana Gov. Bobby Jindal’s (R) efforts to privatize government-run hospitals resulted in increased economic prosperity and better access to health care in the state, according to a recent study by Louisiana State University economics professor Loren Scott. In 2013, Louisiana shifted to the private sector the operation of […]

Let’s fully deregulate the airline industry

Let’s fully deregulate the airline industry

By Stephan F. Gohmann / Mises Wire While flying recently I decided to look at the price of plane tickets in Europe compared to the United States. For example, a non-stop flight of about 900 miles from Dusseldorf to Madrid costs on Expedia $125 and takes 2 hours and 45 minutes. A similar distance in the […]

Controversial Google donations must be explained

Controversial Google donations must be explained

From NCPA At this week’s Alphabet Inc. shareholder meeting, the National Center for Public Policy Research’s Free Enterprise Project (FEP) is asking investors in Google’s corporate parent to approve FEP’s shareholder proposal that asks the tech giant to address both reasons and reputational costs related to its charitable donations.  “To the extent Alphabet uses its investors’ […]

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