The Cost of Gas the Year You Were Born

There were an estimated 218 million motorists in the United States in 2015, accounting for a combined 3.1 trillion vehicle miles traveled the same year — more than in any year prior. Because of our dependence on personal vehicles, the price of gasoline can have a considerable impact on Americans’ budgets and can also have

Cord-Cutting Accelerates, Sends Shock Wave Across Traditional TV

According to eMarketer, digital video consumption is on the rise leading to a seismic shift in the industry. Traditional TV viewers are expected to shrink nearly 10% by 2021 with the expectation of a sharp decrease of total media ad spending upwards of -30% reduction. Even in 2017, the trend is accelerating with eMarketer expecting

Elon Musk Magically Extends Battery Life Of Teslas Fleeing Irma

ZERO HEDGE–In what is either a generous act of charity or an unnerving example of the control Tesla exercises over the vehicles it producers, or perhaps both, Tesla CEO Elon Musk has magically unlocked the batteries of every Tesla in Florida to maximize the distance that people fleeing from Hurricane Irma can travel before stopping to refuel

Massive Data Breach At Equifax: As Many As 143 Million Social Security Numbers Hacked

ZERO HEDGE–Credit-reporting company Equifax shocked investors, and more than a third of America, when it announced on Thursday afternoon that hackers had breached its data systems, compromising the personal information of approximately 143 million U.S. consumers. The information accessed “primarily includes names, Social Security numbers, birth dates, addresses and, in some instances, driver’s license numbers.” In other words,

Toys R Us Hires Bankruptcy Law Firm

WOLF STREET–Brick-and-mortar retail meltdown strikes again – this time, Toys R Us. In what is a classic sign, the company has hired mega law firm Kirkland & Ellis, whose bankruptcy-and-restructuring practice is considered a leader in the now booming bankruptcy-and-restructuring industry. Toys R Us, with 1,694 stores globally, has $5.2 billion in long-term debt, according to its

Harvey Wrecks Up to a Million Cars in Car-Dependent Houston

As the Hurricane Harvey storm system dissipates and the water it dropped recedes, Houstonians left without shelter face the daunting task of rebuilding their lives. Many people are focused on the staggering figure of 40,000 homes lost, but another number also deserves close scrutiny: The flooding destroyed as many as a million cars in the

Bitcoin Investors, Beware: The IRS Is Coming for Your Vast Riches

Uncle Sam has Bitcoin traders on the radar these days, as the cryptocurrency passes $4,300 in late August trading. With more assets pouring into digital currencies, the federal government, via the Internal Revenue Service, is looking to get its fair share from Bitcoin — a cut that the IRS doesn’t believe it’s been getting until now. That

Most Americans live paycheck to paycheck

CB–Three-quarters of Americans (75 percent) are living paycheck-to-paycheck to make ends meet, according to a survey from CareerBuilder. Thirty-eight percent of employees said they sometimes live paycheck-to-paycheck, 15 percent said they usually do and 23 percent said they always do. While making ends meet is a struggle for many post-recession, those with minimum wage jobs

U.S. New Home Sales Unexpectedly Plunge 9.4% In July

New home sales in the U.S. unexpectedly saw a substantial decrease in the month of July, according to a report released by the Commerce Department on Wednesday. The report said new home sales plunged by 9.4 percent to an annual rate of 571,000 in July from the revised June rate of 630,000. The steep drop

Is college worth the money and debt?

MB 360–Is a college degree worth it?  Since the debt bubble burst spectacularly in 2007 many more prospective students are questioning the worth of a college degree.  For so many decades it was simply taken at face value that getting a college degree, any college degree would be worth it.  Slowly this perception has morphed

Why Gun Sales Have Declined Under Trump

Many of us welcomed Trump to the Presidency with a sense of pride. However, there is one group for whom the new (ish) president has brought some bad news – gun store owners, and gun manufacturers. This is because gun sales have seen a significant drop since the election of Trump. But don’t worry –

PayPal to pull services from sites linked to hate, violence, intolerance

Payments giant PayPal will be rescinding its services from sites that accept payments or raise funds to promote hate, violence, and intolerance in response to Saturday’s events in Charlottesville, Virginia. “Regardless of the individual or organisation in question, we work to ensure that our services are not used to accept payments or donations for activities
Close