Chriss W. Street

Latest News

Obamacare Causing Big Layoffs for Union Nurses

Kaiser Permanente and other health providers are putting pressure on the powerful California Nurses Association (CAN) in negotiations for reductions in medical staffing and compensation due to the implementation of California’s version of Obamacare. Union nurses on Friday tried to launch a new initiative by demanding an extra compensation supplement and more staffing to be prepared to fight the Ebola virus. Oct 19, 2014 5:35 AM PT

LA Schools Superintendent gets Pension Spike, then Resigns

With the Los Angeles Unified School District Board ready to fire Superintendent John Deasy, he resigned as head of the nation's second-largest public school system just six months after he spiked his annual salary to $384,184 with $54,184 in buy-outs. Oct 18, 2014 10:42 AM PT

FAA to Approve Commercial Drone Use Next Year

Although there is no law against recreational flying of drones that weigh less than 55 pounds, Congress passed legislation requiring the FAA to legalize commercial drone use by September 2015. As the world’s drone masters, a new American industry is about to be launched. Oct 17, 2014 12:31 PM PT

Medical Research Org CIDRAP: Ebola Transmittable by Air

The highly respected Center for Infectious Disease Research and Policy (CIDRAP) at the University of Minnesota just advised the U.S. Centers for Disease Control (CDC) and World Health Organization (WHO) that “there is scientific and epidemiologic evidence that Ebola virus has the potential to be transmitted via infectious aerosol particles,” including exhaled breath. Oct 14, 2014 8:17 PM PT

SoundCloud Loses Money Faster as it Grows

Here is a brilliant Internet business plan: We get rich by creating a service that goes viral and generates 175 million customers. We then make $.08 a year on each and every one of them! All we have to do is give away $.17 a year to each and every one of them. Welcome to the crazy world of “SoundCloud,” which has raised $123.3 million from investors and values itself at $700 million. Oct 13, 2014 5:09 AM PT

Report: Identity Thieves used 'Backoff' Malware to Hack Dairy Queen

For the last three months, hackers had access to customer credit and debit card names, numbers and expiration dates at 395 Dairy Queen stores in the U.S. stores, according to news reports. The hackers installed the same “Backoff” malware on local stores cash registers that was used in a major identity theft at Target earlier this year. Oct 13, 2014 4:55 AM PT

Obamacare: IRS Nightmare over Fraudulent Subsidies and Exemptions

As Obamacare is fully implemented as a national mandate for individuals, the Congressional Budget Office (CBO) estimates that four million people who chose to continue to be uninsured and do not qualify for exemptions will pay a fine on their federal tax return. Oct 10, 2014 12:32 PM PT

IMF Says China World's Largest Economy, Sort Of

The International Monetary Fund officially announced that China just surpassed the United States as the world’s largest economy, sort of. China’s victory is only on a “Purchasing Power Parity” (PPP) basis. Although Gross Domestic Product is about 50% higher in the U.S., IMF says the total output of goods and services in China are estimated to now be slightly higher than in the U.S. Oct 10, 2014 7:07 AM PT

Silicon Valley Tech Giants Say US Spying May Bust-Up the Internet

The Palo Alto, CA panel was organized by Senator Ron Wyden, Democrat of Oregon and Chairman of the Senate Finance Committee and member for the last decade on the Senate Select Committee on Intelligence, to address the massive blowback Silicon Valley has suffered from revelations by Edward Snowden of what appeared to be a lucrative partnership by Silicon Valley to help facilitate NSA surveillance programs. Oct 9, 2014 7:43 PM PT

Drop in Oil Prices May Destabilize Putin's Russia

Since the fall of the Soviet Union, Russia has suffered from capital-flight out of the country. But with Western sanctions starting to bite, the modern capital-flight is only $100 billion in cash draining out; it also includes a brain-drain of a number of the nation’s top entrepreneurs leaving. Oct 8, 2014 6:09 AM PT

Apple #Hairgate and #Bendgate Threaten iPhone 6 Market Share

Apple Inc.'s (APPL) introduction of the iPhone 6 and 6 Plus has generated all-time record interest, with over 1.9 billion Google search results. Sales, according to Forbes, are at 20 million units, and Apple is reported to have parts for 200 million units more. Yet it appears Apple may have cancelled the thinner and much stronger sapphire material design engineered for both iPhone 6 bodies, and substituted aluminum material just before the introductions. This could explain the design failures in “Bendgate” and “Hairgate” that are beginning to threaten Apple iPhone 6 market share expectations. Oct 8, 2014 5:38 AM PT

Hydrogen Fuel Cell and Battery-Powered Vehicles Start Competing

At the Los Angeles Auto Show and San Francisco Show next month, there will be lots of focus on the commercial roll-out of hydrogen fuel cell electric vehicles. Las May, California joined Oregon and six east coast states, which together represent about a quarter of all U.S. miles driven, to commit to an infrastructure roll out to support 3.3 million hybrids and fuel-cell vehicles on their roads by 2025. To demonstrate they are serious, California just awarded a $50 million grant that will more than quadruple the number of “hydrogen highway” fueling station to 37. Oct 7, 2014 4:57 AM PT

Hewlett-Packard Plans Break-up from Strength

When Whitman announced a company-wide restructuring plan in May 2012 she said it would run through the end of 2014. But the analyst community had little faith that a Silicon Valley behemoth with $127 billion in revenue from wilting technology would make the breadth of gut-wrenching financial and human changes necessary to revive the company. Oct 6, 2014 6:58 AM PT

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