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The Next Billion Dollar Disruption. You Read About It Here First
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If there’s anything true about high tech, it’s that the big fortunes are made when a new technology disrupts an existing industry. The money to be made is greatest when 1) the industry being disrupted is bureaucratic and inefficient, and 2) the new technology transcends, rather than merely automates, the previous processes. Early in my […]

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SpaceX Will Reveal the First Moon-Bound Passenger Since 1972. Here’s How to Watch
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SpaceX says it’s signed the first private passenger to fly around the Moon in one of its rockets, and will reveal the mystery passenger’s name at 6 p.m. Pacific Time, Monday. The event, held in SpaceX’s Southern California headquarters, will be broadcast live via a YouTube stream. You can watch the announcement here on YouTube […]

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The America (Fiscal Deficit) First Fed Tractor Beam Gradually Tightens Global Monetary Conditions Further
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Fed Chairman Jerome Powell alleges that rising real US interest rates are not negatively influencing the global economy. His global conviction is now being strongly tested by Mr Market. Liquidity flowing to North America runs, away from tightening global monetary conditions, towards tightening American monetary conditions. In the short term, the global liquidity injection may […]

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Micron: First Price Fixing, Now Antitrust Allegations By The Chinese Government
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On April 27, 2018, Micron Technology (MU), along with Samsung Electronics (OTC:SSNLF) and SK Hynix (OTC:HXSCL), were sued for alleged DRAM price fixing. The class action lawsuit alleges that Samsung, Hynix, and Micron conspired to limit the supply of memory, keeping consumer prices artificially high as a result. According to the complaint filed by the […]

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United Airlines Just Gave First Class Passengers Something Truly Outlandish (Economy Passengers Won't Be Happy)
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Absurdly Driven looks at the world of business with a skeptical eye and a firmly rooted tongue in cheek.  I want the whole world to be happy. But we’re not all made happy by the same things, even though Silicon Valley would rather prefer it if we were. There are times, though, when the have-littles look […]

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Toshiba appoints ex-banker as CEO, forecasts first profit in four years
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TOKYO (Reuters) – Toshiba Corp appointed a former banker from a key creditor bank as CEO and forecast its first annual profit in four years, making progress in its efforts to recover from billions of dollars in losses at its U.S. nuclear unit Westinghouse. Nobuaki Kurumatani, a former executive of Sumitomo Mitsui Financial Group, will […]

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