Chriss W. Street

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Judge Indicates Apple Conspired to Defraud Billions from Tech Workers

The stunning August 8th rejection by federal court Judge Lucy Koh of a $400 million settlement of claims against Apple, Google, Adobe and Intel Corporations for conspiring to hold down employee wages sent shudders through corporations in Silicon Valley and across the nation this weekend. Aug 11, 2014 12:01 PM PT

SpaceX Sued Under Warn Act for Up to 400 Layoffs

Employees at Space Exploration Technologies Corporation (SpaceX) headquarters in Hawthorne, California filed a lawsuit claiming the rocket builder on or about July 21st violated California Labor Law by laying off up to 400 factory workers, or about 11% of the entire company workforce. The employees claim that SpaceX failed to give proper notice under law and are seeking class action status and damages. Aug 9, 2014 1:18 PM PT

Gallup: High Student Debt Results in 60% Worse Financial Condition

The Gallup polling organization found that Americans who graduated from college between 1990 and 2014 and are saddled with $50,000 or more in student debt suffer 60% worse financial well-being and 38% worse physical well-being than their peers who graduated with no debt. Aug 8, 2014 12:24 PM PT

Wikimedia Launches Viral Attack on Europe's 'Right to Be Forgotten'

The Wikimedia Foundation, which operates Wikipedia and other “free commons” websites, is trying to organize a crowdsourced viral movement on the web to overturn Europe Court of Justice’s "right to be forgotten" ruling that gives private individuals the right to request the de-indexing of links from search results associated with their names. Aug 8, 2014 5:18 AM PT

iPhone 6 may be Hot, but iPad is Not

Apple will be holding a media event on Tuesday, September 9th to unveil its iPhone 6, according to reports today in the Wall Street Journal and tech news site Re/code. Aug 6, 2014 11:11 AM PT

Goldman Sachs to Compete with Bloomberg Messaging

Goldman Sachs and a group of top tier investment banks are about to buy Silicon Valley's Perzo to directly compete with Bloomberg LP, their current vendor for institutional trader interface and messaging. Aug 4, 2014 6:02 AM PT

California Cities Win Economic Bottom Dweller Award

Governor and potential presidential candidate Jerry Brown traveled to Mexico this week, while a team of economists for the popular Wallet Hub (WH) social media website employed a group of university economists to evaluate the 150 largest U.S. cities for 18 key factors. Aug 2, 2014 7:21 PM PT

Communist Vietnam May Join the U.S. Team

Sixty prominent members of Vietnam's Communist Party, including a former ambassador to Beijing, signed a letter on July 29 urging political and economic reforms that would divorce Vietnam from reliance on China, according to a July 30th report by the German Press Agency. Aug 1, 2014 2:21 PM PT

Argentina Defaults for 3rd Time in 28 Years

If you are a 28-year-old millennial in Argentina, you would have lived long enough for your nation to default for a third time in 28 years at 12:01 AM on August 1. The nation’s Economy Minister Axel Kicillof acknowledged the default after a flurry of last minute negotiations with creditors from around the world. Argentina's strategy when it comes to discussing paying back debt is to “delay as much as possible while introducing persistent legal ambiguity,” according to Stratfor Global Intelligence service. Jul 31, 2014 8:59 AM PT

CA Insurance Commissioner Admits 'Affordable Care' Costs 55% More

As someone who saw his monthly health insurance premium double from $780 in 2013 to $1,460 this year, I was interested to see how long it would take for California’s Democrat leaders to fess up that there is nothing affordable about their version of the Affordable Care Act (Obamacare). Jul 30, 2014 7:16 PM PT

Russians Can Defeat Obama's Sanctions Through Sacrifice

The Obama administration has led the European Union to jointly apply economic sanctions to starve Russia of the $59 billion in investment capital the nation needs to keep its oil and natural gas revenues high enough to fund over 50% of the Russian federal budget. But the Russian people could make the capital funding available by adopting stringent energy conservation and agreeing to sacrifice part of their 70% subsidy for domestic oil and natural gas consumption. Although these sacrifices would be painful, the Russian people are known for being very tenacious and patriotic when challenged by foreign powers. Jul 29, 2014 8:23 AM PT

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