Month: July 2019

GE Posts Quarterly Loss
31. 7. 2019 No Responses

GE Posts Quarterly Loss

General Electric Co. reported a second-quarter loss and flat sales, but said it was making progress in restructuring its long-struggling and hopeless Power division and raised its full-year financial projections. GE also said its CFO Jamie Miller, will be leaving...
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Humanity Needs 5 Planets Earth
30. 7. 2019 No Responses

Humanity Needs 5 Planets Earth

The World Is Not Enough. Earth Overshoot Day is the day which marks the time at which humanity has used up its allotment of natural planetary resources for the year, occurred in the month of July. It had occurred in August...
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Mylan to merge with Pfizer’s Upjohn
29. 7. 2019 No Responses

Mylan to merge with Pfizer’s Upjohn

Pfizer will combine its off-patent drug business with Mylan. Pfizer shareholders would own 57% of the new company and Mylan’s shareholders would get 43%. The combined company, which will sell Mylan’s EpiPen and Pfizer’s Viagra, will be domiciled in the.....
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The UN’s Free Speech Problem
28. 7. 2019 No Responses

The UN’s Free Speech Problem

Anyone willing to consult the international law book on the subject of free speech will find it heavy with protections for free speech.  The UN Declaration of Human Rights features, in its preamble, the ideal that “human beings shall enjoy freedom...
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The EU’s Biggest ‘Takers’ and ‘Givers’
26. 7. 2019 No Responses

The EU’s Biggest ‘Takers’ and ‘Givers’

The question of which countries are paying more in EU contributions than they are getting out is a contentious issue for some and was also one major factor in the Brexit vote in the UK. In the 2017 budget, there...
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Boeing Q2 Revenue Plunges, Missing By $5 Billion
24. 7. 2019 No Responses

Boeing Q2 Revenue Plunges, Missing By $5 Billion

With the storm clouds over the grounded 737 MAX gathering patiently for the past 5 months, it was only a matter of time before the torrential downpour arrived, which it did just before 730am, when Boeing reported shocking numbers, with...
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Harley-Davidson second-quarter profit falls 20%
23. 7. 2019 No Responses

Harley-Davidson second-quarter profit falls 20%

H-D’s motorcycle revenue missed estimates $1.43 billion, versus $1.44 billion expected by analysts. The company reports $195.6 million in net income during the second quarter, versus $242.3 million a year earlier, a nearly 20% drop. H-D’s second-quarte...
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Boeing 737 Max Grounding Charges to Reach $8 Billion
22. 7. 2019 No Responses

Boeing 737 Max Grounding Charges to Reach $8 Billion

The financial fallout from the troubled 737 Max jetliner continues to swell for Boeing, which on Thursday announced $7.3 billion in costs that will hit its bottom line. The price tag could still climb. The Max has been grounded for...
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Chevrolet Corvette C8 Stingray – No Manual Transmission
21. 7. 2019 No Responses

Chevrolet Corvette C8 Stingray – No Manual Transmission

Chevrolet has launched the mid-engine 2020 Corvette C8 Stingray. There were a lot of leaks prior to the launch, but that did not deter the aura of the whole event. The C8 Stingray debuted in California at a standalone event,...
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USS Boxer probably shot down their own UAS by mistake
19. 7. 2019 No Responses

USS Boxer probably shot down their own UAS by mistake

US May Have Downed Its Own UAS By Mistake Iran: “We’ve Not Lost Any Drones” Iran has issued a surprise astounding contradiction of the US account related to Thursday’s drone downing. President Trump had announced that the amphibious ass...
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Alexandria Ocasio-Cortez’s exchange with Facebook’s crypto boss
18. 7. 2019 No Responses

Alexandria Ocasio-Cortez’s exchange with Facebook’s crypto boss

Alexandria Ocasio-Cortez’s exchange with Facebook’s crypto boss about who actually controls the Libra currency. Rep. Alexandria Ocasio-Cortez and the Facebook exec David Marcus had an enlightening exchange on Wednesday during a hearing with lawmake...
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Now Even Junk Bonds Have Negative Yields
17. 7. 2019 No Responses

Now Even Junk Bonds Have Negative Yields

75 years ago this month, a group of 744 delegates from around the world gathered at the very posh Mount Washington Hotel in New Hampshire to build a brand new global financial system. The year was 1944. World War II...
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Boeing and Ryanair quietly rebranded 737 MAX
16. 7. 2019 No Responses

Boeing and Ryanair quietly rebranded 737 MAX

The Boeing 737 MAX has been grounded for months, with no end in sight to the grounding, given that they keep finding problems with the plane. Even once the plane is fixed and certified by the FAA, there will be...
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Discrepancy in growth between incomes, rents, and house prices
15. 7. 2019 No Responses

Discrepancy in growth between incomes, rents, and house prices

How out-of-whack is the discrepancy in growth between incomes, rents, and house prices? The “San Francisco Housing Crisis,” as it’s called on a daily basis, is an extreme. But housing costs in major urban areas in the US have been...
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DHL: Significant Downturn in World Trade
13. 7. 2019 No Responses

DHL: Significant Downturn in World Trade

A new quarterly report from logistics company DHL, measured global air and sea cargo trade volumes between March and June, found trade data continues to deteriorate in the US and China as there is still no resolution to end the trade war, reported...
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