COMPETITION forces companies to keep prices low to attract customers. But if a few firms become powerful enough, they can see off competitors and charge more. A new working paper by Jan De Loecker of the University of Leuven and Jan Eeckhout of University College London presents evidence that this is happening across the rich […]
SECOND chances exist, after all. Last September Uber was sideswiped when Transport for London (TfL), the city’s transport regulator, revoked the ride-hailing giant’s licence to operate in the capital, citing concerns related to public safety and reporting of drivers’ criminal offences. The decision appeared to dent the prospects of the firm, which counts London as […]
When Sean Thatcher was a sales rep at Purdue Pharma, which makes OxyContin, doctors he visited often complained that their patients were developing tolerance to the opioid painkiller. Thatcher, who worked for the company between 2009 and 2015 in Montana, was instructed to tell the prescribers to increase the dose, and to clarify that addiction […]
Top Story Computer algorithms might be performing brain-like functions, such as facial recognition and language translation, but the computers themselves have yet to operate like brains. In recent years, researchers have searched for ways to make computers more neuromorphic, or brain-like, in order to perform increasingly complicated tasks with high efficiency. Now, a team of […]
NEW YORK (Reuters) – Bond vigilantes could be finding allies in the stock market. With inflation fears back in vogue and the U.S. budget deficit seen ballooning, vigilantes have stormed fixed income trading floors and seem to be cropping up in equity markets too, where they may punish already battered stocks for policymakers’ and lawmakers’ […]
NEW YORK (Reuters) – For nearly nine years, the global hunt for yield sent you to one place: the U.S. stock market. On Friday, stocks took their biggest pounding since 2016 after the U.S. government’s monthly payrolls report showed the biggest wage gains for workers since 2009. That convinced investors the threat of inflation, long […]
Christian Petersen-Clausen/Getty By Timothy Revell China has upped the ante in its efforts to curb greenhouse gas emissions and slow the progress of climate change. The Chinese government is launching a nationwide carbon market that should encourage power companies to cut their emissions. China is the world’s largest polluter, responsible for more than a quarter […]
Yesterday Ron Paul tweeted a poll that received a tremendous response. Today he shares his thoughts on the results. Ron Paul Liberty Report – Archives fmsmnewsFMSMNews.com is a news aggregator and opinions blog. We aim to showcase news from various Alternative News Outlets to expand the reach away from MainStream Media polarizing tactics. This site […]
NEW YORK (Reuters) – Amazon.com (AMZN.O) is disrupting retail. Airbnb is disrupting hotels. Uber is disrupting transportation. Who is going to be disrupted next? A view of the new Amazon logistic center with the company’s logo in Dortmund, Germany November 14, 2017. REUTERS/Thilo Schmuelgen A growing number of exchange-traded funds are searching for that answer. […]
By Liberty Report Staff In 1931, G.K. Chesterton wrote in NY Times Magazine: “The golden age only comes to men when they have, if only for a moment, forgotten gold.” It’s glaringly evident that governments, central banks, and their media arms have succeeded in conditioning everyone away gold. “Legal Tender Laws” keep their money monopoly in place […]