Life in a worker owner corporation

Life in a worker owner corporation

From ProRev US Uncut – Publix became the nation’s most profitable grocer by doing the opposite of what Walmart does. Publix, the fastest-growing grocery chain in America, isn’t a corporate giant that exploits workers, but an employee-owned company that’s more profitable than any of its competitors. Unlike Walmart’s hourly workers, who just got a raise […]

Pending home sales decline 0.9%, well below lowest estimate

Pending home sales decline 0.9%, well below lowest estimate

By Mike “Mish” Shedlock On Dec. 30, the NAR released the Pending Home Sales Index, a measure of expected sales on existing homes. The Econoday Consensus Estimate was for a 0.5% rise in a range of 0.0 to 2.4%. No economist got the sign correct. The index unexpectedly declined 0.9% month-over-month, well below even the lowest […]

Going coop—employee ownership sustains business legacy

Going coop—employee ownership sustains business legacy

By Rob Brown / ProRev The effort to sustain our communities and their economic and civic life for future generations scored a significant victory recently on Deer Isle. The employees of three retail businesses—Burnt Cove Market, V&S Variety and Pharmacy, and The Galley market—became concerned when word circulated that the owners were thinking about selling […]

Marines shelve Google’s $42M robot ‘AlphaDogs’ because they are too noisy

Marines shelve Google’s $42M robot ‘AlphaDogs’ because they are too noisy

Marines will not be using robotic mules called “AlphaDogs” any time soon because the machines were deemed too noisy to be useful in a combat situation. Boston Dynamics, the robotics company owned by Google’s parent Alphabet, has been working with DARPA, the Pentagon’s research division, to build the robots designed to carry supplies for troops. […]

Amazon starts own air cargo and trucking services

Amazon starts own air cargo and trucking services

By Mike “Mish” Shedlock Evolution of Shipping After announcing Amazon Prime, free Two-Day Shipping for eligible purchases, Amazon followed up Air Prime, a future delivery system from Amazon designed to safely get packages to customers in 30 minutes or less using drones. The next logical step is for Amazon to cut out as many air […]

Cashless societies vs realism

Cashless societies vs realism

From The Daily Bell In Sweden, a Cash-Free Future Nears … Parishioners text tithes to their churches. Homeless street vendors carry mobile credit-card readers. Even the Abba Museum, despite being a shrine to the 1970s pop group that wrote “Money, Money, Money,” considers cash so last-century that it does not accept bills and coins. Few places […]

Chinese yuan enters ‘interesting times’ with U.S. rate rise

Chinese yuan enters ‘interesting times’ with U.S. rate rise

By Gregg Early / Personal Liberty Digest There’s an old Chinese curse that says, “May you live in interesting times.” For the Chinese currency, the yuan, these are interesting times indeed. And the implications will also have significant impact on the U.S. dollar and U.S. economy. The Chinese yuan has now joined the U.S. dollar, […]

Why capitalists are repeatedly “fooled” by business cycles

Why capitalists are repeatedly “fooled” by business cycles

By Frank Shostak / Mises Daily According to the Austrian business cycle theory (ABCT) the artificial lowering of interest rates by the central bank leads to a misallocation of resources because businesses undertake various capital projects that — prior to the lowering of interest rates —weren’t considered as viable. This misallocation of resources is commonly […]

Fed results? Social polarization and economic debasement

Fed results? Social polarization and economic debasement

By The Daily Bell Why the Fed’s historic rate hike is good news and bad news for the economy. Yellen says rate hike shows Fed’s confidence the U.S. economy is strengthening … — LA Times Dominant Social Theme: The Fed takes care of the economy, and this is the way it must be. Free-Market Analysis: […]

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