Economy
Inside Sudan’s Internet ban, brutal clampdown on protesters, and sexual violence (Sparky1)
A student at the University of Khartoum, Lina, while speaking to Geo.tv over phone, said Sudan has four telecom companies that offer Internet services, of which “3 are completely shut down and the fourth one (Sudatel) does work but [its] landline internet exclusively because banks, embassies and other vital institutions use it”.
Bosses pocket Trump tax windfall as workers see job promises vanish (newsbuoy)
The bill was voted into law in December 2017, reducing the corporate tax rate from 35% to 21%. AT&T’s benefit was a tax windfall of $21bn and an additional estimated $3bn annually. But instead of creating jobs and increasing investment into the company, AT&T has eliminated 23,328 jobs since the tax cut bill was passed, according to a recent report by the Communications Workers of America. The CWA also said AT&T reduced their capital investments by $1.4bn.
“The trade war has so far offset all benefits of fiscal stimulus and, if continued, may lead to global recession,” Marko Kolanovic, JPMorgan’s global head of quantitative and derivatives strategy, said on Thursday.
“If this recession materializes, historians might call it the ‘Trump recession’ given that it would be largely caused by the trade war initiative.”
Leaderless and livid: The youngsters on Hong Kong front lines (Sparky1)
“I suddenly had this realisation that even though one million people marched, there wouldn’t be an impact,” she said, asking — like the other students — not to be identified.
Hong Kong’s surveillance-savvy protesters go digitally dark (Sparky1)
This week groups of demonstrators donned masks, goggles, helmets, and caps — both to protect themselves against tear gas, pepper spray, and rubber bullets, and also to make it harder for them to be identified.
California could become first to limit facial recognition technology; police aren’t happy (Sparky1)
California’s AB 1215 reflects growing concerns nationwide about the darker side of tech – when the same software that allows iPhone X users to unlock their devices with a glance could wrongfully finger you as a criminal or keep tabs on you for Big Brother.
“There’s been an increased focus on privacy issues generally by state legislatures this year,” says Pam Greenberg of the National Council of State Legislatures.
The Empty Storefront Crisis and the End of the American Dream (newsbuoy)
The likelihood of a scenario like that unfolding today seems fairly slim. For the millions of immigrants who came to this country during the 20th century, entry into the merchant class was a viable and important path to prosperity. A new exhibit at the Tenement Museum on the Lower East Side — “Immigrants Mean Business: An Enduring History of Entrepreneurship” — reminds us of the outfits that began in pushcarts, grew to institutions and spanned generations. Today, there are 83,000 businesses in New York owned by people who came to the city from another country.
The “Launch on Warning” Nuclear Strategy and Its Insider Critics (newsbuoy)
Today’s publication updates a National Security Web posting from April 2001, “Launch on Warning: The Development of U.S. Capabilities, 1959-1979.” The original documents are included in addition to more recently declassified items, , not only the Odom memorandum cited above, but records on policy development during the Carter and Reagan administrations when launch-on-warning and launch-under-attack postures were incorporated into the SIOP and official “nuclear weapons employment policy.”
Revenge of the Bacteria: Why We’re Losing the War (Sparky1)
Bacteria are rebelling. They’re turning the tide against antibiotics by outsmarting our wonder drugs. This video explores the surprising reasons.
U.S. Escalates Online Attacks on Russia’s Power Grid (thc0655)
Advocates of the more aggressive strategy said it was long overdue, after years of public warnings from the Department of Homeland Security and the F.B.I. that Russia has inserted malware that could sabotage American power plants, oil and gas pipelines, or water supplies in any future conflict with the United States.
Massive power outage hits Argentina, Uruguay: power companies (Sparky1)
Two Argentine power companies confirmed that the failure knocked out electricity throughout Argentina, without specifying the cause.
“A massive failure in the electrical interconnection system left all Argentina and Uruguay without power,” Edesur Argentina said on Twitter.
Nestlé is still taking national forest water for its Arrowhead label, with feds’ help (Sparky1)
The company reported piping 139 acre-feet – or 45 million gallons – of water from the springs and slopes of the popular national forest last year as part of its Arrowhead brand operations. They were required to pay about $2,000 for a new federal permit, but no fees for the water, which is theirs to use for retail sale. Some conditions were imposed in a management plan that they originally drafted, which was signed in March by the forest’s district ranger.
Rain leaves veggie farmers struggling with no aid in sight (Sparky1)
Although the lack of federal safety net programs for farmers who grow everything from arugula to zucchini isn’t new, one of the wettest springs in U.S. history has focused attention on the special status of so-called commodity crops, primarily corn, soybeans, cotton, rice and wheat. Growers of some of those crops received $11 billion in special aid last year and will get $16 billion more this year to offset losses caused by trade disputes that led to tariffs and resulting drops in demand.
France to declare natural disaster after storms rip through crops (Sparky1)
“It lasted 10 minutes, but 10 minutes of a hail storm … there’s a lot of damage in a 10km zone in the Drôme,” the minister added.
Guillaume said many farmers had lost 80-100% of their crops. He added that the state of disaster would be declared when the extent of the devastation was known in “a day or two”.
Forget soybeans, U.S. farmers rush to plant hemp (Sparky1)
With commodity grain prices painfully low due to big surpluses and the U.S.-China trade war, farmers with a taste for risk are seeking profits by planting industrial hemp, a crop that was illegal in the United States until recently.
Where does your plastic go? Global investigation reveals America’s dirty secret (Sparky1)
A Guardian investigation has found that hundreds of thousands of tons of US plastic are being shipped every year to poorly regulated developing countries around the globe for the dirty, labor-intensive process of recycling. The consequences for public health and the environment are grim.
Gold & Silver
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The post Daily Digest 6/17 – Revenge Of The Bacteria, Leaderless And Livid In Hong Kong appeared first on Peak Prosperity.
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