Archive for May, 2015

Introducing the Zero Labor Factory (90% Free Actually); Robots at Chili’s, Applebees, Panera

May 29, 2015 6:41 am
Introducing the Zero Labor Factory (90% Free Actually); Robots at Chili’s, Applebees, Panera

In the strive for zero labor factories we are nearly there. Is 90% good enough? China Daily reports Manufacturing Hub Starts Work on First Zero-Labor Factory. A manufacturing hub in South China’s Guangdong province has begun constructing the city’s first zero-labor factory, a signal that the local authorities are bringing […]

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Sydney Archbishops knew of sex abuse priest

3:32 am
Sydney Archbishops knew of sex abuse priest

Two Sydney archbishops knew of paedophile priest Gerald Ridsdale’s “sexual problems” and that he should be kept away from children, an inquiry has heard. Australia’s child sex abuse royal commission has also heard allegations raised during Ridsdale’s last court case that a victim believed another priest walked in while Ridsdale […]

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Killer robots being developed by the US military “will leave humans utterly defenceless”

3:24 am
Killer robots being developed by the US military “will leave humans utterly defenceless”

  The robots are likely to be armed quadcopters or mini-tanks that can decided without human intervention who should live or die. Killer robots being developed by the US military “will leave humans utterly defenceless”, an academic has warned. Two programmes commissioned by the US Defense Advanced Research Projects Agency […]

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Google, Facebook and other big internet companies to be under UK spy agencies’ surveillance power

3:18 am
Google, Facebook and other big internet companies to be under UK spy agencies’ surveillance power

Google, Facebook and other big internet companies will be forced to hand over encrypted conversations of suspected terrorists and criminals under plans to bolster surveillance powers in Britain. New laws will require applications to hand messages sent by their users to MI5, MI6 and GCHQ if they are under investigation. […]

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Fifa scandal: US Attorney General Loretta E. Lynch.took on football corruption

3:06 am
Fifa scandal: US Attorney General Loretta E. Lynch.took on football corruption

US probe into Fifa started after the 2022 football event went to Qatar. In November 2010, former President Bill Clinton and then-Attorney-General Eric Holder travelled to Zurich to lobby football’s world governing body in support of the American bid to host the 2022 World Cup. The sport’s popularity was rising […]

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Friday: Ugly GDP, Chicago PMI, Consumer Sentiment

May 28, 2015 11:44 pm
Friday: Ugly GDP, Chicago PMI, Consumer Sentiment

From Matthew Graham at Mortgage News Daily: Mortgage Rates Microscopically Lower Mortgage rates barely budged today. Those that budged moved almost imperceptibly lower from yesterday’s latest rate sheets. In general, there was simply very little movement in underlying markets and lenders’ rate sheets matched the tone. [Rates at 4.0%] Ironically, […]

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Aloha: Film Review

10:37 pm
Aloha: Film Review

Aloha: Film Review Cast: Bradley Cooper, Emma Stone, Rachel McAdams, Bill Murray, Alec Baldwin, Danny McBride, John Krasinski Director: Cameron Crowe Hawai’i is a place for dreamers, so perhaps it’s pertinent that Almost Famous director Cameron Crowe dreamed up this latest flick and set it in the islands. Assembling a […]

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April Greek Capital Flight €5 Billion; Eurozone Liabilities Hit €115 Billion

7:56 pm
April Greek Capital Flight €5 Billion; Eurozone Liabilities Hit €115 Billion

Chalk up another €5 billion in capital flight from Greece in April. Total eurozone exposure to Greek currency liabilities now sits at €115 Billion, not counting accelerated capital flight in recent weeks. The following two charts produced with data from EuroCrisis Monitor. Greece Target2 Imbalance Since February 2008 Greece Target2 […]

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Vehicle Sales Forecasts for May: Over 17 Million Annual Rate

7:46 pm
Vehicle Sales Forecasts for May: Over 17 Million Annual Rate

The automakers will report May vehicle sales on Tuesday, June 2nd. Sales in April were at 16.5 million on a seasonally adjusted annual rate basis (SAAR), and it appears sales will be strong in May too. Note:  There were 26 selling days in May, one less than in May 2014. […]

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Freddie Mac: Mortgage Serious Delinquency rate declined in April

5:50 pm
Freddie Mac: Mortgage Serious Delinquency rate declined in April

Freddie Mac reported that the Single-Family serious delinquency rate declined in April to 1.66%, down from 1.73% in March. Freddie’s rate is down from 2.15% in April 2014, and the rate in March was the lowest level since November 2008. Freddie’s serious delinquency rate peaked in February 2010 at 4.20%. […]

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