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’ […]

More solar jobs is a curse, not a blessing

More solar jobs is a curse, not a blessing

By Paul Driessen / Mises Wire Citing U.S. Department of Energy data, the New York Times recently reported that the solar industry employs far more Americans than wind or coal: 374,000 in solar versus 100,000 in wind and 160,000 in coal mining and coal-fired power generation. Only the natural gas sector employs more people: 398,000 workers […]

Investigating curious anomalies in GDPNow and Nowcast GDP estimates

Investigating curious anomalies in GDPNow and Nowcast GDP estimates

By Mike “Mish” Shedlock As of last Friday, the Atlanta Fed GDFPNow model for the second-quarter GDP stood at 3.4%. In contrast, the FRBNY Nowcast report was 2.2%. This is yet another large gap, albeit smaller than the ones we saw for the first quarter. What’s more interesting is some of the recent gyrations. What’s […]

Chicago cabbies say industry is teetering toward collapse

Chicago cabbies say industry is teetering toward collapse

From Freedom’s Phoenix Operators of the nation’s second-biggest taxi fleet are now accelerating toward their long-rumored extinction, edging towards becoming virtual dinosaurs in the era of ride-sharing monsters Uber and Lyft. Cabbies have long grumbled that the sky is falling as they lose ground to ride-sharing companies. Now, cabbies in Chicago are pointing to new […]

With privacy legislation, Congress can safeguard the digital domain

With privacy legislation, Congress can safeguard the digital domain

By David Williams / Taxpayers Protection Alliance Seemingly overnight, sending an email has become fraught with peril. Every day, we hear reports about phishing scams and malevolent viruses designed by cybercriminals and belligerent governments alike. But, unknown to many surfers of the digital domain, our own government has exploited loopholes and ambiguities in current law to snag important user […]