the 1% own 50% of the worlds wealth

A new report came out on Tuesday showing that the worlds wealthiest 1% own more than 50% of the worlds wealth according to the bank Credit Suisse.
While many are still feeling the effects of the 2008 financial crisis the worlds 1% got 8% richer.
Per the UPI: The share of the top 1 percent has been on an upward path ever since [the crisis], passing the 2000 level in 2013 and achieving new peaks every year thereafter, the bank’s annual report said, adding: global wealth inequality has certainly been high and rising in the post-crisis period. The quickest wealth spurt happened over the past 12 months, with the top 1 percent boosting their value by 6 percent to a total of $280 trillion. That brings the top 1 percent’s wealth to 50.1 percent of the entire world. So far, the Trump presidency has seen businesses flourish and employment grow, though the ongoing supportive role played by the Federal Reserve has undoubtedly played a part here as well, and wealth inequality remains a prominent issue, said Michael O’Sullivan, chief investment officer for International Wealth Management at Credit Suisse, according to CNBC. What do you think let me know on Twitter
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No Germany @facebook will not make cars

The German carmaking companies need not feer competing with Facebook.
The Chief Operating Officer Sheryl Sandberg put people’s mind at ease with this statement – or at the very least brought a chuckle.
“I come with very good news. We’re the only company in Silicon Valley that’s not building a car,” Sandberg said to laughter and applause at the opening ceremony of the Frankfurt motor show, where she met German Chancellor Angela Merkel.
Per Reuters: “Facebook is sponsoring a “new mobility world” at the Frankfurt show that brings together carmakers, tech companies and start-ups in areas such as autonomous driving and electric cars.
Sandberg’s visit to Germany comes after the country’s parliament passed a law in June to introduce fines of up to 50 million euros ($59 million) for social media networks if they fail to remove hateful postings promptly.
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Shkreli – The most hated man may go to jail if the Gov has it’s way

The internet’s most hated man Martin Shkreli could go to jail based on a Facebook post about Hillary Clinton.
According to Reuters: “Shkreli has engaged in an escalating pattern of threats and harassment that warrant his detention pending sentencing,” prosecutors said in a filing in Brooklyn federal court late on Thursday.
They pointed to a Sept. 4 Facebook post in which Shkreli offered $5,000 to followers who could grab a strand of Clinton’s hair during the former presidential candidate’s upcoming book tour. You cannot do that. This prompted the secret service to investigate him.
Per Reuters: Shkreli told the Secret Service, through a lawyer, that he would remove the post on Tuesday, but did not do so until Wednesday, prosecutors said.
The prosecutors said Shkreli’s conduct showed he poses a “danger to the community,” and that his $5 million bail should be revoked.
United States District Judge Kiyo Matsumoto will hold a hearing on the motion on Sept. 14. This moron was in cort based on some defrauding he did.
“Shkreli was convicted in August of defrauding investors of two hedge funds he ran, MSMB Capital and MSMB Healthcare. He was acquitted of stealing from a drug company he later founded, Retrophin Inc, to pay them back.
Though he faces a maximum sentence of 20 years, Shkreli will likely serve much less, in part because none of his hedge fund investors lost money.
You may recall his name because he was the money-loving jerk who chose to raise the price of anti-infection drug Daraprim by 5,000 percent in 2015 while he was chief executive of Turing Pharmaceuticals. The move sparked outrage by patients and United States lawmakers, earning him the nickname “pharma bro.

@amazon wants to give you ready-to-make meals that don’t require cold

Amazon.com is trying to be the king of food. Case in point, they are planning on using technology first developed for the US military to produce tasty prepared meals that do not need refrigeration, reports Reuters. This could be a boon for the company.
Delivering meals would build on the company’s AmazonFresh service, which has been delivering groceries to customers’ homes for a decade. It could also complement Amazon’s planned $13.7 billion purchase of Whole Foods and Amazon’s checkout-free convenience store, which is in the test stage.
The pioneering food-prep tech, known as microwave assisted thermal sterilization, or MATS, was developed by researchers at Washington State University, and is being brought to market by a venture-backed startup called 915 Labs, based in Denver. The company explains how this works.
The method involves placing sealed packages of food in pressurized water and heating them with microwaves for several minutes, according to 915 Labs.
Unlike traditional processing methods, where packages are in pressure cookers for up to an hour until both bacteria and nutrients are largely gone, the dishes retain their natural flavor and texture, the company said. They also can sit on a shelf for a year, which would make them suitable for Amazon’s storage and delivery business model.

These are the top 10 best jobs in the us if tech isn’t your thing

Do you hate technology. These are the top 10 jobs per Glassdoor.com.

1. Physician: $187,876
2. Pharmacy Manager: $149,064
3. Patent Attorney: $139,272
4. Medical Science Liaison: $132,842
5. Pharmacist: $125,847
6. Enterprise Architect: $112,560
7. Physician Assistant: $112,529
8. Applications Development Manager: $112,045
9. Research & Development Manager: $111,905
10. Corporate Controller: $110,855

Verizon brings unlimited data back

Verizon is attempting to compete with sprint and the other data cariers.
Per Reuters: “The introductory plan, announced on Sunday, will give unlimited data to customers on smartphones and tablets on its 4G LTE network. It comes days after competitor Sprint Corp introduced a new unlimited data plan of its own” (2017.)
This was a quick turnaround from what one of the companies top leaders said.”We constantly look at… what’s out there. Unlimited is one of the things that some of our competition has at this point in time. That’s not something we feel the need to do,” Matthew Ellis, Verizon’s chief financial officer, told analysts during an earnings call on Jan. 24.

“But as I say, we continually monitor the market and we will see where we head in the future,” he added.

Verizon’s unlimited plan is $80 per month for unlimited data, talk and text for the first line and an additional $45 per line up to four lines. Apparently they saw a need.
If you have two lines you’ll pay $125 per month which will yield you a total of $1500 a year.
If you have 4 lines you will pay $215 per month which will give you a total of $2580. Note: none of this is with tax.

Game Of Thrones was just mentioned in an argument between the NYSE and SIFMA

How do you know that your show has transcended pop culture? When two money empires use it as a reason to argue about higher fees. That is what happened.
“In a letter to the Securities and Exchange Commission dated January 17, NYSE took aim at some of its biggest customers , and argued that the connectivity fee, which covers the costs of connecting to the NYSE data center, would not be a market data fee.

To make the point, NYSE likened the situation to having to buy a TV to watch “Game of Thrones,” saying that the cost of the TV and the cost for HBO content are separate.

“The mere fact that a User needs to have equipment and connections in place in order to be able to receive a market data feed within co-location does not convert the costs of such equipment and connections into market data fees, or convert the Previous and Current Proposals into market data filings. By way of analogy, to view ‘Game of Thrones’ one must buy a television and pay for a subscription to HBO, but that does not convert the cost of the television, or of any other necessary equipment or connection, into a fee for the HBO content” (business insider, 2017.) I don’t even know if this works but someone else replied.
“Now, SIFMA, a trade body, has responded with its own “Game of Thrones” reference. In a letter to the SEC dated February 6 , it said:

“Lord Petyr ‘Littlefinger’ Baelish would blush at the deception this analogy presents. Unlike HBO, NYSE controls the cost and terms of use for not only the market data, but also the connectivity fees, port fees, cross connect fees, and cage fees. The HBO content analogy would be akin to NYSE’s market data fees if HBO were also in a position to require the viewer to purchase from HBO the cable connection, the television, the television stand, the power cord, and the electricity, all in addition to the HBO subscription itself, and on the terms set solely by HBO.

“Further, and unlike subscribing to a television program, brokers are legally obligated to seek best execution for their customers. They are required to consider the likelihood that a trade will be executed and whether there is an opportunity to obtain a price better than what is currently quoted. There is no analogous legal requirement that television viewers subscribe to Game of Thrones” (business insider, 2017.)
I just find the HBO, and Game of Thrones references the best part about this argument. Oh and this little reminder you don’t need a tv to watch Game Of Thrones, you can use hbo go!