Chriss W. Street

Latest News

WhatsApp Founder Says He Is Ashamed of Past Behavior

WhatsApp Chief Executive Officer Jan Koum, whose mobile-messaging company was acquired by Facebook for $22 billion this year, confronted a dicey past as he joined the Facebook board as the third-largest shareholder. Koum apologized for actions that resulted in a 1996 restraining order for verbal and physical threats against his ex-girlfriend, along with changing her school records to prevent her from attending classes. Oct 22, 2014 4:57 AM PT

Not So Fast: Stock Market Fall Will End 'California Comeback'--Laffer

Arthur Laffer made his name as the USC professor who helped give credibility to the Reagan Administration’s supply-side economics, based on the idea that higher tax rates inadvertently result in lower taxes collected. But California Governor Jerry Brown’s recent State of the State address claimed raising taxes to the highest level of any state in the nation has led to what Brown calls the “California Comeback.” Laffer has taken to the opinion page of the Orange County Register week to defend supply-side principles and call Brown lucky that a hot stock market and mega-IPOs temporarily postponed California’s road to financial ruin. Oct 22, 2014 4:43 AM PT

Ebola's 395 Mutations Boost Odds of Epidemic Spreading

Following reporting by Breitbart last week that “there is scientific and epidemiologic evidence that the Ebola virus has the potential to be transmitted via infectious aerosol particles, including exhaled breath;" President Obama's Weekly Address emphasized that “Ebola is difficult to catch, and is only transmitted through direct contact.” But researchers from Harvard, MIT and 11 other centers of excellence stated in Science Journal that a “catalogue of 395 mutations” help “boost odds” of the Ebola epidemic spreading. Tragically, five scientists died of Ebola during the study. Oct 21, 2014 2:33 AM PT

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


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