Wednesday, December 17, 2014

Economy

Technology blamed for stagnant wages.

Top five theaters refuse "The Interview" because of threats, so Sony cancels movie's release. Government fails. The terrorists win.

Manufacturer's backdoor found in popular Chinese Android phone.

Invest in farming.
"Oil, which is the largest and most important commodity for everybody, is down. The Saudis are dumping oil because America told them to. America’s having negotiations with Iran and a situation with Russia so they’re trying to put pressure on both of them. The Saudis are very happy to go along with it and cooperate because the Saudis are trying to do something about the frackers in the United States. If they can put some of them out of business or even cause problems in that industry it will certainly slow the fracking in the US. It is a fairly high-cost way to get oil and gas, and that will slow the huge new supplies of oil coming on-stream. So the Saudis have an economic reason to do it and a political reason given the US is sort of their masters who tell them what to do and how to live life. From the Saudis’ point of view it’s understandable that they would do it and they are doing it. I don’t know how long it’s going to go on. And by the way, I certainly did not anticipate that this would happen because it’s not based on economics, it’s based on politics, and I didn’t see it coming. That’s what’s going on with oil."
I said the same thing.

Wealth gap between rich and middle class reaches new record.

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