“If he was paid by the oil and gas industry lobby he couldn’t have written a more favorable article for them.”—Elon Musk
Category: business – Page 315
“Canada’s domestic digital divide, with the North as its epicenter, has been a point of growing concern over the last several years. Much of the internet in the northernmost regions of the country is still beamed down by satellites, but a plan to link Europe and Asia with fiber optic cable via Nunavut is currently being negotiated by a Toronto-based company called Arctic Fibre.”
In Lyon, France, cosmetics company L’Oreal is growing human skin.
Each year, some 60 scientists cultivate 100,000 paper-thin skin samples in nine varieties simulating different ages and ethnicities—and then they test beauty products on them. Read more
“With this trend toward long hours and higher pay, what will be the impact on people? Research has identified reduced sleep, increased stress, less happiness, lower productivity, poorer health, and higher chances for injuring yourself and others when the workday expands—implications that can be dangerous in any job, be it specialized or not.” Read more
“[T]he United States needs a more systematic way to help its bottled-up new-science innovators deliver their ideas to the world.”
“What could the FAA, an agency whose chief concern is air travel, want with outer space? Well, the FAA is the agency that grants licenses for commercial space launches (the ones that aren’t performed for NASA or the Defense Department, anyway). This potentially gives the nation’s aviation regulators a tremendous amount of power over the fledgling private space industry.” Read more
“Can tech companies really offer better experiences than the taqueria, flower shop or dry cleaner down the street, while taking a cut for themselves? Not necessarily. Quality control is a challenge when the supervisor is just software.
How One Man Crashed the Stock Market
Posted in business
Michael Maiello — Daily Beast
On Tuesday in the United Kingdom, United States law enforcement arrested futures trader Navinder Singh Sarao and froze more than $7 million of his assets in banks around the world. The Department of Justice says that Singh manipulated commodities markets and partially caused the May 6, 2010, “Flash Crash” that sent the Dow Jones Industrial Average plunging 1,000 points in minutes.
Bloomberg Business — Ashlee Vance
On May 8, 2013, Tesla Motors shocked just about everyone by posting its first-ever quarterly profit, reporting higher-than-expected demand for its Model S electric sedan. That moment marked the beginning of a turnaround for Elon Musk’s tumultuous automaker. The next year would see the Model S win most of the automotive industry’s major awards and Tesla’s share price rise roughly fivefold, to more than $200. The 2013 profit announcement was fortuitous. Just weeks before, Tesla had been on the verge of bankruptcy. Read more