Oct. 25, 2016 8:26 AM ET
DENVER (AP) — Anheuser-Busch says it has completed the world’s first commercial shipment by self-driving truck, sending a beer-filled tractor-trailer on a journey of more than 120 miles through Colorado.
The company says it teamed with self-driving truck maker, Otto, and the state of Colorado for the feat. The trailer, loaded with Budweiser beer, began the self-driving trip at a weigh station in Fort Collins, Colorado, and ran along Interstate 25 through Denver before wrapping up in Colorado Springs. (more…)
Wall Street wants you back!
If you were one of those investors who this past spring “sold in May and went away,” you should know that the seasonal winds will soon shift and begin blowing in a bullish direction.
I’m referring, of course, to the well-known six-month-on, six-month-off seasonal pattern that goes by the name of the “Halloween Indicator.” Followers also refer to it as “Sell in May and Go Away.” In contrast to most of the alleged patterns that Wall Street claims to have discovered, this one turns out to be based on solid statistics. The stock market historically has produced the bulk of its gains in the “winter” months between Halloween and May Day.
Since the Dow Jones industrial average was created in 1896, for example, it has produced an average winter gain of 5.2%, versus just 1.7% during the summer. Not only is this difference significant at the 95% confidence level that statisticians often use to determine if a pattern is more than just a random fluke, it is not unique just to the U.S. Ben Jacobsen, a finance professor at the TIAS Business School in the Netherlands, has detected the Halloween Indicator in almost all foreign countries’ stock markets as well, and as far back as 1694 in the United Kingdom’s market.
A robot that looks like the love child of an icebox and R2-D2 pulls up outside a house in San Francisco. The lid pops open, uncovering a box of pastries inside.
“I got a delivery from a little roaming cooler, it looks like,” Julie O’Keefe, 67, tells the San Francisco Chronicle.
A recent test run of startup Starship Technologies’ autonomous robot shows what may be the future of on-demand delivery. The London- and Estonia-based company developed a fleet of delivery bots that aim to crack the last-mile challenge, or make the last leg of a delivery.
The startup has already begun testing in Europe, encountering more than a millionpedestrians, and plans to start tests in the Bay Area in the next couple of months.
Walmart Is Being Sued for Allegedly Bribing the Mexican Government
To open new stores.
Walmart must face a class-action lawsuit accusing the world’s largest retailer of defrauding shareholders by concealing suspected bribery to help it expand faster in Mexico, a U.S. judge said.
In a decision on Tuesday, U.S. District Judge Susan Hickey in Fayetteville, Arkansas rejected Walmart’s contention that a Michigan pension fund had no standing to lead the case because it had not suffered losses on the retailer’s stock.
African American Income
Black Median Household income: $33,460
(all races $50,502)
All Black Workers 2012 weekly earnings:$606
(all races $765)
Black Men weekly earnings: $633
(White men $854)
Black Women weekly earnings: $590
(White women $712)
SOURCE: 2012 3rd Quarter: Bureau of Labor Statistics – 16 Years or Older & 2011 Census Bureau American Community Survey
During the 1990s African American income grew tremendously. By 2000, 57.9% of African American households had an annual income of $35K or more compared to just 38.2% in 1970. However due to the recession that number dropped to just 46% by 2011 reversing much of these gains. The most dramatic change during this same period is the percentage of Black households making under $15K (from 14.5% in 2000 to 25.4% in 2011) which is well below the poverty line.
Although incomes for African Americans have improved significantly since the Civil Rights era, they are still lower then the average Americans. For example the median income for Black families is $20 thousand a year less than the American median income. As you can see from the chart labeled Family Income 2010 that Black married-couple families make more than twice that of Female householder families. This charts also proves that there is a substantial benefit for those in a married-couple family regardless of race or ethnicity.
The story behind Obama and the national debt, in 7 charts
Since President Obama took office, the national debt has increased by $7.4 trillion. On January 20, 2009, it stood at $10.6 trillion; on Monday, it was at $18 trillion. That bit of data leapt to the front page of The Drudge Report on Tuesday, linking to an assessment from CNS News.com. The increase, the site’s Terence Jeffrey writes, “is $65,443 per household, $70,985 per full-time worker and $84,266 per full-time private-sector worker.” Grim.
We thought those figures deserved some context.
These are the data on which the argument hinges. The Department of the Treasury releases daily updates on the amount of debt held by the government. There are two categories: debt held by the public, which is the sort of debt you think of when you think of government debt — Treasury bills and bonds and notes and so on — and “intragovernmental holdings,” which are securities held by other government accounts. The CNS News article didn’t adjust for 2014 dollars, which we’ve done below.
Before 2009, it was relatively flat. Then, it exploded — almost entirely in the “held by public” part of the debt.
But if you zoom in a little closer, say, from January 2008 to January 2010, you see something interesting: the fuse was lit before Obama took office. (Note that this graph is only the “held by the public” part of the debt.)
Labor Participation Rate Drops To 36 Year Low; Record 92.6 Million Americans Not In Labor Force
While by now everyone should know the answer, for those curious why the US unemployment rate just slid once more to a meager 5.9%, the lowest print since the summer of 2008, the answer is the same one we have shown every month since 2010: the collapse in the labor force participation rate, which in September slid from an already three decade low 62.8% to 62.7% – the lowest in over 36 years, matching the February 1978 lows. And while according to the Household Survey, 232,000 people found jobs, what is more disturbing is that the people not in the labor force, rose to a new record high, increasing by 315,000 to 92.6 million!
And that’s how you get a fresh cycle low in the unemployment rate.
So the next time Obama asks you if you are “better off now than 6 years ago” show him this chart of employment to the overall population: it speaks louder than the president ever could.
Read from source…
Australian Economist find that height is as or more dominant than sex in wage disparity. Very simply, the taller a PERSON is the greater their pay. Men on average are 8.5% taller than women explains virtually all of the wage gap.