Business, Politics & Money
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Amazon to massively expand U.S. bricks and mortar stores

By: Ben Gourlay | More News: Business, Politics & Money | Posted: 4 days, 15 hours ago

It's only been a few months since Amazon launched its first physical store in the United States, but according to retail sources, they're set to massively expand their presence in the coming months and years.

 

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The Wall Street Journal has reported that General Growth Properties, Inc. CEO Sandeep Mathrani, whose company owns 120 regional shopping malls in forty states, has told investors that Amazon's "goal is to open, as I understand, 300 to 400 bookstores."

 

The house that Bezos built has yet to comment on the reports, but the billionarie founder had previously promised that "we hope this is not our only [storefront]. But we'll see". Looks like we will indeed.

'The Big Short' headed for a big Oscar win, bookies suggest

By: Ben Gourlay | More News: Business, Politics & Money | Posted: 1 week, 2 days ago

With the nominees in and the 2016 Academy Awards ceremony just a few weeks away, speculation about who'll be adding some gold statues to their collections is reaching fever pitch. According to bookies, it might just be 'The Big Short' who'll snag the Best Picture award from the grasp of early Oscar-bait favourite 'The Revenant'.

 

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While director Adam McKay is better known for comedies such as 'Anchorman' and 'Step Brothers', it's his dramatic turn with 2015's 'The Big Short' which has turned heads, based on the United States sub-prime loan disaster which has generated praise and plaudits from across the globe. Official odds from online sportsbook TopBet has the finance drama as the clear favourite to take out the Best Picture Oscar, with investigative drama 'Spotlight' running at second.

 

Meanwhile, odds have also shortened in Leonardo DiCaprio's favour to finally take home a Best Actor gong, his first in a 20 year career and just weeks after snagging the Golden Globe for his role in 'The Revenant'. That film's director Alejandro G Iñárritu is also the favourite for Best Director, with McKay nipping at his heels.

Great Scott! DeLorean cars go back into production after 30 years

By: Ben Gourlay | More News: Business, Politics & Money | Posted: 1 week, 3 days ago

Despite the DeLorean Motor Vehicle company going bankrupt in 1982 after producing only 9,000 of the distinctive gull-winged vehicles made famous by 'Back to the Future', the dream of founderJohn DeLorean's is about to live on, with new vehicles headed to production for the first time in over 30 years.

 

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According to NBC News, the reconstituted DeLorean Motors factory in Humble, Texas which has been refurbishing vehicles and producing parts for the roughly 6,500 vehicles in existence today, has been given the greenlight by the U.S. Government to produce around 300 new vehicles from original parts that have been in storage since the company folded. "It's fantastic! It is a game changer for us. We've been wanting this to happen" remarked Stephen Wynne, DeLorean's CEO.

 

The newly produced vehicles are expected to be a money spinner for the company, with estimates that they'll sell for upwards of $100,000 USD.

North Korea's latest invention: Hangover free alcohol

By: Ben Gourlay | More News: Business, Politics & Money | Posted: Jan 21, 2016 12:16 am

North Korea - there's not much you can't do. From sending a man to the sun, to creating a miracle one-drug cure for AIDS, Ebola and SARS, not to mention eliminating the need to defacate, North Korea have now made another stunning breakthrough. They've abolished hangovers.

 

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According to the state-run Pyongyang Times, the country's Taedonggang Foodstuff Factory has created 'Koryo Liquor', which according to writer Jong Hwa Sun is "made of six-year-old Kaesong Koryo insam, known as being highest in medicinal effect, and the scorched rice, is highly appreciated by experts and lovers as it is suave and causes no hangover".

 

While the drink has been "registered as a national scientific and technological hit" and "awarded the December 15 Medal of Quality which is given to the best products in the country", there's unfortunately no word yet on international availability. To be honest, I wouldn't be holding your breath. But here's to North Korea, for once again punching above their weight.

U.S. calls BS on North Korea H-Bomb claim

By: Ben Gourlay | More News: Business, Politics & Money | Posted: Jan 7, 2016 4:25 am

Yesterday's claim by North Korean state-owned television that "the republic's first hydrogen bomb test has been successfully performed" has been denied by the White House, confirming that initial data from monitoring stations in the Asia area were inconsistent with that of hydrogen bomb blast.

 

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While many neighbouring Asian-Pacific nations such as Japan and Australia alongside the United Nations have been quick to condemn the countries weapons program, the New York Times is reporting that neither Korea nor the United States believe that the blast that triggered a 5.1 earthquake in the region was due to an H-bomb, citing "a variety of evidence - some technical, some from human sources" to disbelieve their claim. According to an unnamed South Korean Defense Ministry official, the blast might not have been due to a lesser explosive boosted traditional fission bomb, saying "even a boosted fission bomb produces a yield bigger than this, so we don't think this is a successful test of a boosted fission bomb".

North Korea claims to have succesfully detonated hydrogen bomb

By: Ben Gourlay | More News: Business, Politics & Money | Posted: Jan 6, 2016 4:31 am

North Korean leader Kim Jong-Un might have just developed a hydrogen bomb in time for his birthday, if the secretive countries claims are correct. In a developing story, BBC News is reporting that the 5.1 earthquake 5.1 magnitude located near a known test site was triggered by the successful detonation of a hydrogen bomb. State-owned North Korean television has claimed responsibility by proudly proclaiming that "the republic's first hydrogen bomb test has been successfully performed at 10:00 am on January 6, 2016."

 

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North Korean's banned weapon program has previously raised the ire of the international community, including the United States who have brought down crippling sanctions on the state.

Kim Dotcom faces U.S. extradition following court loss

By: Ben Gourlay | More News: Business, Politics & Money | Posted: Dec 23, 2015 4:36 am

A New Zealand court ruled today that Kim Dotcom, along with three co-accused can be extradited to the United States to face four year old charges of copyright infringement stemming from the Mega Upload file sharing platform. In handing down his ruling backing the case that Dotcom should face the United States legal system, Judge Nevin Dawson relayed that the U.S. government had an "overwhelming" amount of evidence proving guilt in millions of lost revenue for copyright holder.

 

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Dotcom's team plan has immediately filed an appeal, ensuring the long-running saga has a way to go just yet.

 

'Harry Potter' author slams Donald Trump as worse than Voldemort

By: Ben Gourlay | More News: Business, Politics & Money | Posted: Dec 9, 2015 12:45 am

The only saying goes that "there's no such thing as bad publicity" and to date even the strongest condemnation hasn't dented Donald Trump's bid as the leading candidate for the Republican party, but his recent comments calling for a ban on muslims entering the United States has seen a massive firestorm of negative commentary flown his way. He's even raised the ire of 'Harry Potter' author J.K. Rowling to declare him worse than Voldemort.

 

 

Perhaps Rowling might be exaggerating somewhat, considering Voldermort murdered Harry Potter's parents, along with leading characters Severus Snape and Alastor Moody, not to mention his plan to wipe out every muggle (non magic folk), control the wizarding world and instate a new world order, but her comments have been widely re-tweeted, with 145,000 at the time of print.

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RadioShack hires Nickelodeon alum Nick Cannon as CCO

By: Derek Strickland | More News: Business, Politics & Money | Posted: Dec 2, 2015 11:40 pm

Amid its flagging decline into failed obscurity, long-running tech retailer RadioShack has a plan to help revive its ailing woes: hire some celebrity muscle to help boost it back to the top. Which candidate did it select? None other than Nickelodeon star/rapper/actor Nick Cannon. Yes, really.

 

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In a bizarre twist of fate, RadioShack today announced that it has enlisted Nick Cannon as Chief Creative Officer in an effort to help boost the company's image and kick off a new wave of advertisements. Cannon corroborated the news in a Tweet saying that "RadioShack is back" and that he's "officially part of the RadioShack fam" as CCO. Shortly after Cannon showed the first fruits of the union by releasing a new promo vid showing the retailer getting into the holiday spirit.

 

This is likely just a big publicity stunt for the declining tech store, but given the star's reach, it'll likely work out quite well and remind people that these retailers aren't extinct just yet.

Continue reading 'RadioShack hires Nickelodeon alum Nick Cannon as CCO' (full post)

President Obama finally joins Facebook

By: Ben Gourlay | More News: Business, Politics & Money | Posted: Nov 10, 2015 3:57 am

Despite using Facebook to successfully raise millions in campaign funds which propelled him to The White House in 2008 and again in 2012, and having used Twitter for well over two years, U.S. President Barack Obama's army of media advisers has finally established a Facebook page for his administation, with less than a year to go of his eight year term.

 

Hello, Facebook! I finally got my very own page. I hope you’ll think of this as a place where we can have real...

Posted by President Obama on Monday, November 9, 2015

 

Using his maiden post to preach about the dangers of climate change despite only recently putting his words into action, unveiling a clean power plan policy hailed by The White House as "the single most important step America has ever taken in the fight against global climate change, but decried by some commentators as spending billions of dollars while "not helping the environment", Obama is keen to solidify his legacy in this contentious policy area.

 

Regardless, as the looming battle between the Democratic and Republican nominations make way for the full 2016 U.S. Presidential race, platforms such as Facebook will once again prove hugely powerful in swaying public opinion.

Continue reading 'President Obama finally joins Facebook' (full post)