Tesla Slides After-Hours On SEC Probe

Having promised the world more "Sceret Master Plan" smoke and mirrors in a tweet, P.T.Musk now faces an SEC probe for possible securities law breach after Tesla failed to notify investors of the recent autopilot accident, according to The Wall Street Journal. The stock is sliding modestly after-hours...

Our Future Is (Literally) Crumbling Before Our Eyes

The sorts of predicaments the world faces -- ranging from over $200 trillion in debt, to our unsustainable addiction to fossil fuels, to our over-stressed ecosystems -- all require that we get deadly serious about confronting them ASAP, and make difficult decisions and trade-offs. However, our global leaders always seem to opt to kick the can down the road if at all possible. Short-term thinking and near-term priorities dependably get precedence over doing the right thing for the future. Tomorrow’s generations are thrown under the bus by selfishly motivated actors today.

Tesla Drops On Report Of Another "Autopilot" Crash And Rollover

Dale Vukovich of the Pennslvania State Police, who responded to the crash, said Scaglione told him that he had activated the Autopilot feature. In his crash report Vukovich stated that Scaglione's car was traveling east, near mile marker 160, about 5 p.m. when it hit a guard rail "off the right side of the roadway. It than crossed over the eastbound lanes and hit the concrete median."

Could The IRS Empty Your Bank Account?

"I'm just waiting for the government to do the right thing," he says. "Not just for me, but for everyone in this same situation. The government shouldn't have taken our money, and they need to give it back."

Chicago Is Pushing For A Massive Bailout Of Its Public School System

Perhaps riding high on the small victory of a slight reprieve in the amount of money the city would have to contribute to fund the liabilities over the next few years, Rahm Emanuel is now quietly asking the city to change investment rules that would allow Chicago to purchase debt from sister agencies such as the Chicago Public School system - said differently, Rahm Emanuel wants to bail out the Chicago Public School system.

Where Are The Jobs?

Maintaining the status quo of red tape, high taxes, high junk fees and indifference to small business realities guarantees decline and failure. The motto of the most dynamic elements of our economy is: trust the network, not the corporation or the state.The most creative places share three essential characteristics: disorder, diversity and discernment. In other words, the exact opposite of places designed to preserve the privileges of vested interests and a sclerotic status quo.

Wayne State University Drops Math As General Requirement, Will Replace It With "Diversity"

Wayne State University has proposed adding a three credit hours requirement in diversity to the general education curriculum just days after the university dropped math as a core requirement. "We are proposing the creation of specific ‘Diversity’ courses, with students required to take one course in this designation,” said a document from the General Education Reform Committee, which is recalibrating what the university will expect from all students who earn a degree from the state university.

The Pension Bubble: How The Defaults Will Occur

Millions of Americans and Canadians who are counting on pension benefits to fund their retirements risk being severely disappointed. Ironically, as experts worry about stock, bond and real estate market excesses; the biggest challenge facing government bureaucrats and private fund administrators has nothing to do with paying back pensioners. They have known for some time that would not be possible. Their key challenge, will be to ensure that shortfalls occur on someone else’s watch.

Bailout Nation - Detroit Public Schools Receive $617 Million Government Handout

Coming out of bankruptcy in late 2014, Detroit had a new lease on life - it had shed some $7 billion in debt and restructured another $3 billion, and could finally move forward, or so it was thought. Detroit has hit two significant potholes on its recent road to recovery, one being the fact that it was "discovered" that there was an enormous pension shortfall, and now we learn that the Michigan legislature has just narrowly approved a $617 million bailout of Detroit's Public Schools.

The Startling Truth About How Working Families Are Truly Faring In This Economy

It is hard to live the American Dream when the deck is stacked against you.  Our politicians stood idly by as millions of good paying jobs were shipped overseas, our economic infrastructure was absolutely gutted and multitudes of small businesses were choked to death by miles of red tape.  Now, we are reaping the consequences.

The Equal Sign Can Be A Real Bitch

On a long enough timeline, consumption equals production. Understand that equality, and the future comes into stark relief.