The Chicoms have seized local conglomerate with international holdings Anbang and turned it over to the Chinese Insurance Regulatory Commision nominally to "protect the rights and interests of consumers."
Sears, the ailing official retailer of the original American Great,1 has pre-emptively taken tool giant Techtronic Industries (TTI) to court in order to stave off inevitable supply contract renegotiations. TTI has grown to supply the bulk of power tools sold under retailer specific private label brands including many sold as part of the Craftsman brand that Sears recently sold to Stanley Black and Decker. Naturally the combination of Sears dwindling ability to pay vendors and the natural aversion to producing products for one's chief competitor has placed Techtronics in a situation that makes reconsidering its relationship with Sears desirable.
This news comes as Sears lost a five year old patent case against a smaller vendor whose product design they had ripped off and sold under their former Craftsman brand. In five short years Sears has gone from the large retailer bullying smaller vendors to the small retailer trying to bully vendors they helped to make larger than themselves.
Once again it appears that abusing a relic of the original American Great has succeeded in turning billions into millions.
As opposed to the long awaited Great Again ↩
Sears, already running out of things to sell came close to losing over 750,000 US dollars1 worth of jewellery when a thief attempted to rob a Washington, D.C. area store on St. Patrick's day. The allegedly Daniel E. Grant managed to find a Craftsman hammer in the store and smashed display cases after the store closed. His plans were foiled by the store's motion sensing alarms. He allegedly abandoned his loot and the hammer and attempted to flee before being apprehended and charged with two counts of commercial burglary and one count of theft after police responded. (archived)
Figures were not available in an actual unit measuring value ↩
After 146 years of continuous operations the Ringling Brothers and Barnum & Bailey Circus has announced they will be ending circus operations in May of this year. In their 145th year the circus cut elephant performances from their programming due to regulatory pressure.
Despite investment from the likes of Samsung, Pelion, DCM, First Round, Horizons, and Andreessen Horowitz, cloud storage provider Bitcasa CEO Brian E. Taptich announced on the now-defunct firm's webpage today (archived) that the firm had lost its bet on the unending continuation of Kryder's Law to power its growth by bringing its costs close to zero.
Over $22 mn in 2011 – 2013 turkey dollars1 was poured into the firm, which employed upwards of 50 staff at its peak in its efforts to offer unlimited on-the-go cloud storage for USD $10 per month. Under pressure from "abusers" of the service, Bitcasa dropped the unlimited storage offering and shifted to a more typical per-terabyte pricing strategy in late 2014, putting it directly in competition with better funded rivals like Dropbox, Box, and Google, and dooming it to failure.
There's no word on where former clients such as Hong Kong's Hutchison Telecom have turned to in their time of need, or whether Mr. Taptich has finally admitted to himself the poisonous mistake of taking bad money.
This is a more important clarification than it may first appear. Consider that a dollar traded at parity with bitcoin in 2011 and was only about $100 for most of 2013. ↩
Spam "Bitcoin" tipping service ChangeTip has finally decided to bury the rotting corpse of its company, months after most of it's employees were acquired by AirBNB.
Reddit user Nick_Changetip stated the following in their reddit announcement:
In the spring of 2016, ChangeTip’s employees were acqui-hired by Airbnb, where most of us work today. Since then, we’ve been searching for the best outcome for ChangeTip, and unfortunately the only remaining option is to shut it down.
At the end of November 2016, all tipping functionality will be deactivated, and the site will be put into withdrawal-only mode for people to collect their funds. The site will remain up for a number of months to allow users to withdraw their funds, and we will be reaching out to users to notify them.
We recommend you close your ChangeTip account. You may withdraw any remaining funds via BTC withdrawal, or you can donate your funds to Charity when you close your account from the settings page.
Janet Reno, lead prosecutor of the first Clinton Administration's war on the American people has died. Janet oversaw terrorist campaigns against numerous victims including a the Branch Davidians, Montana Freemen, Richard Jewell, Wen Ho Lee, and an uncountable number of others. Her tenure as Attorney General opened with the immolation of 76 members of a religion of peace. Reno's cause of death is listed simply as "complications of Parkinson's disease" without further details being provided.
Various news sources are reporting that as the nuclear waste containment tanks at the Hanford Site along the Columbia River in Washington State age well beyond their 50 year service life leaks are increasing with at least one tank in a condition that could charitably be described as complete failure (archived). A United States Department of Energy Politruk described the horrific outcome as an "anticipated" side effect of efforts to empty the failed tank. The Hanford site is a part of Manhattan Project National Historical Park and administered jointly by the National Park Service and the Department of Energy. Continue reading
Today BitBet receiver David Francois signed and broadcast the transaction settling BitBet's outstanding affairs and the transaction was swiftly confirmed. The transaction
was confirmed a block height 408158. Further the BitBet auction winner has received the concern's non-cash assets though they do not appear to have put them to active use at this time. The raw transaction is presented below in the native hex format and decoded: Continue reading