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America is Regressing into a Developing Nation for Most People

A new book by economist Peter Temin finds that the U.S. is no longer one country, but dividing into two separate economic and political worlds

Click to view the original at ineteconomics.org

Hasnain says:

"America’s underlying racism has a continuing distorting impact. A majority of the low-wage sector is white, with blacks and Latinos making up the other part, but politicians learned to talk as if the low-wage sector is mostly black because it allowed them to appeal to racial prejudice, which is useful in maintaining support for the structure of the dual economy — and hurting everyone in the low-wage sector. Temin notes that “the desire to preserve the inferior status of blacks has motivated policies against all members of the low-wage sector.”"

Posted on 2017-04-22T17:34:53+0000

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Hasnain says:

"What if Raneri is a cunt and sues you? Well I think he has the biggest risk, there are millions of transactions that happened at his company while was CEO & CTO and he did non properly report to authorities that he could not verify their authenticity. Also, he probably failed to make this material disclosure to the buyers when he sold this company. Either way he landed as a partner at PwC and probably has better things to do."

We need better regulations for security

Posted on 2017-04-22T00:58:28+0000

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Hasnain says:

"Very few terrorism defendants had the means or opportunity to commit an act of violence. The majority had no direct connection to terrorist organizations. Many were caught up in FBI stings, in which an informant or undercover agent posed as a member of a terrorist organization. The U.S. government nevertheless defines such cases as international terrorism."

Posted on 2017-04-21T15:36:15+0000

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Mcdonald's Real Estate: How They Really Make Their Money - Wall Street Survivor Blog

McDonald’s is one of the biggest real estate companies in the world. It owns $28.4 billion worth of land and buildings (before depreciation).

Click to view the original at blog.wallstreetsurvivor.com

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Australia unveils major changes to citizenship process - BBC News

Applicants will face stricter tests on their English and "Australian values", the government says.

Click to view the original at bbc.com

Hasnain says:

As a friend pointed out, these schemes are kind of racist because they don't always enforce things equally.

Case in point from the article: "In explaining what constituted "Australian values", Mr Turnbull said migrants must demonstrate support for religious freedom and gender equality."

But would they deport a born-and-bred Australian who doesn't support religious freedom or gender equality (or partakes in domestic abuse?). I highly doubt it.

Posted on 2017-04-20T19:15:59+0000

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Hasnain says:

This is an amazing read on the United flight incident. Covers a lot of things in detail that I hadn't known about, including how the police weren't really police and how the airline responsible wasn't just United.

"Major airlines like United want to keep their contractors financially dependent, but don't want to take on the costs of operating feeder flights with their own higher-paid employees. Contracting out these flights enables airlines to evade their union contracts and create a de facto two-tier wage scale, with contractors' employees paid less than the union scale for mainline airline employees. United wants Republic to emerge from bankruptcy and keep flying, which probably depends on Republic dodging the bullet of blame for this incident."

Posted on 2017-04-20T15:31:10+0000

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Silicon Valley’s $400 Juicer May Be Feeling the Squeeze

Two investors in Juicero were surprised to learn the startup’s juice packs could be squeezed by hand without using its high-tech machine.

Click to view the original at bloomberg.com

Hasnain says:

"Two investors in Juicero were surprised to learn the startup’s juice packs could be squeezed by hand without using its high-tech machine."

Umm...

Posted on 2017-04-19T15:56:08+0000

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