The Rich Kids Who Want to Tear Down Capitalism

Socialist-minded millennial heirs are trying to live their values by getting rid of their money.
Read more: https://www.nytimes.com/2020/11/27/style/trust-fund-activism-resouce-generation.html?source=Snapzu

Your Local Bookstore Wants You to Know That It’s Struggling

Independent booksellers are desperate for customers to return, and not just for an online reading.
Read more: https://www.nytimes.com/2020/10/15/books/independent-bookstores-economy.html/???source=Snapzu

Pushed by Pandemic, Amazon Goes on a Hiring Spree Without Equal

The company has added 427,300 employees in 10 months, bringing its global work force to more than 1.2 million.
Read more: https://www.nytimes.com/2020/11/27/technology/pushed-by-pandemic-amazon-goes-on-a-hiring-spree-without-equal.html?source=Snapzu

Apple security chief maintains innocence after bribery charges

A grand jury in California's Santa Clara County has indicted Thomas Moyer, Apple's head of global security, for bribery. Moyer is accused of offering 200 iPads to the Santa County Sheriff's office in exchange for concealed carry permits for four Apple employees.
Read more: https://arstechnica.com/tech-policy/2020/11/apple-security-chief-maintains-innocence-after-bribery-charges/?source=Snapzu

An unusual snack for cows, a powerful fix for climate

Scientists have discovered that feeding seaweed to cows significantly reduces the amount of methane they produce and burp into the atmosphere, while also helping them produce more milk and grow bigger on less feed. When grown in the ocean, seaweed helps to filter the water, making the idea of farming seaweed to feed to cows a win-win for the environment and farmers.
Read more: https://www.washingtonpost.com/climate-solutions/2020/11/27/climate-solutions-seaweed-methane/?arc404=true?source=Snapzu

Tony Hsieh, Zappos Luminary Who Revolutionized the Shoe Business, Dies at 46

The big-hearted exec pioneered footwear e-tailing and delivered happiness to countless people.
Read more: https://www.yahoo.com/lifestyle/tony-hsieh-zappos-luminary-revolutionized-045239863.html?source=Snapzu

Why some food brands want you to know their climate impact

Food labels already indicate how good or bad a product is for you. But good or bad for the planet? That's often much less clear. Now a growing number of brands are labeling their products to show their climate impact. Swedish food company Felix is one of them. For two days in October, Felix opened a pop-up store in Stockholm, where all items were priced based on their carbon footprint. The bigger their emissions, the higher the price.
Read more: https://edition.cnn.com/2020/11/27/business/food-climate-label-carbon-footprint-spc-intl/index.html?source=Snapzu

Netflix settles Bandersnatch ‘Choose Your Own Adventure’ lawsuit

The exact terms weren’t disclosed.
Read more: https://www.theverge.com/2020/11/25/21720533/netflix-bandersnatch-chooseco-lawsuit-settlement-choose-your-own-adventure?source=Snapzu

Logic Says He Invested $6M Into Bitcoin: 'Fuck It, YOLO'

Logic pulled in an estimated $17 million in 2018, as reported by Forbes magazine. And according to the retired Def Jam rapper, he’s just invested a healthy percentage of that amount into the cryptocurrency company Bitcoin. During a recent Instagram Live stream, the Maryland native casually mentioned, “Bought $6 million in Bitcoin last month. Fuck it, YOLO.”
Read more: https://hiphopdx.com/news/id.59100/title.logic-says-he-invested-6m-into-bitcoin-fuck-it-yolo?source=Snapzu

Data from 45 countries show containing COVID vs saving the economy is a false dichotomy

There is no doubt the COVID-19 crisis has incurred widespread economic costs. There is understandable concern that stronger measures against the virus, from social distancing to full lockdowns, worsen its impact on economies.
Read more: https://theconversation.com/data-from-45-countries-show-containing-covid-vs-saving-the-economy-is-a-false-dichotomy-150533?source=Snapzu

DoorDash settles lawsuit for $2.5M over 'deceptive' tipping practices

The food delivery company allegedly led customers to believe their tips were going to delivery workers when the company was pocketing the money itself.
Read more: https://www.cnet.com/news/doordash-settles-lawsuit-for-2-5m-over-deceptive-tipping-practices/?source=Snapzu

Salesforce is in talks to buy Slack, deal could be announced next week

The acquisition would be Saleforce's largest to date if it goes through.
Read more: https://www.cnbc.com/2020/11/25/slack-shares-jump-following-report-of-possible-salesforce-acquisition.html?source=Snapzu

Salesforce is in talks to buy Slack, deal could be announced next week

The acquisition would be Saleforce's largest to date if it goes through.
Read more: https://www.cnbc.com/2020/11/25/slack-shares-jump-following-report-of-possible-salesforce-acquisition.html?source=Snapzu

Exclusive: Foxconn to shift some Apple production to Vietnam to minimise China risk

Foxconn is moving some iPad and MacBook assembly to Vietnam from China at the request of Apple Inc, said a person with knowledge of the plan, as the U.S. firm diversifies production to minimise the impact of a Sino-U.S. trade war.
Read more: https://www.reuters.com/article/us-foxconn-vietnam-apple-exclusive/exclusive-foxconn-to-shift-some-apple-production-to-vietnam-to-minimise-china-risk-idUSKBN2860VN?source=Snapzu

Facebook fined $6.1 million in South Korea for sharing user data without consent

South Korea’s Personal Information Protection Commission (PIPC) has slapped Facebook with a 6.7 billion won (around US$6.1 million) fine for sharing user information without consent. The Korea Communications Commission kickstarted the investigation in 2018 before ultimately handing it off to the PIPC a few months ago. According to Yonhap News, the PIPC determined that the social network shared the personal information of 3.3 million South Korean users (out of a total of 18 million) to other companies without consent from May 2012 to June 2018.
Read more: https://www.engadget.com/facebook-6-million-fine-korea-sharing-user-data-120542835.html?source=Snapzu

Elon Musk overtakes Bill Gates to become world’s second richest person behind Jeff Bezos

Elon Musk has passed Microsoft co-founder Bill Gates to become the world’s second richest person, according to the Bloomberg Billionaires Index. The Tesla CEO’s net worth now sits at around $128 billion, after increasing by $100 billion this year. There is a sizable gap between Musk and the number one spot, which is currently held by Amazon CEO Jeff Bezos who has a reported net worth of around $182 billion. In January, Musk ranked 35th on the list, Bloomberg reports.
Read more: https://www.theverge.com/2020/11/24/21612410/elon-musk-overtakes-bill-gates-to-become-worlds-second-richest-person-behind-jeff-bezos?source=Snapzu

Secondhand clothing sales are booming – and may help solve the sustainability crisis in the fashion industry

Fast fashion is far from green. But the rapid expansion of online clothing resale platforms could help shrink the garment industry's negative impact on the environment.
Read more: https://theconversation.com/secondhand-clothing-sales-are-booming-and-may-help-solve-the-sustainability-crisis-in-the-fashion-industry-148403?source=Snapzu

iPhone 12 Mostly Made with Korean Parts

Korean-made parts account for the biggest proportion of components in Apple's new iPhone 12 that was unveiled last month. They include OLED screens and memory chips. Japan's Nikkei daily reported last week that a Japanese tech company disassembled an iPhone 12 and found that Korean parts dominate with 27.2 percent of parts, up from nine percent on the iPhone 11. U.S.-made parts account for 25.6 percent and Japanese parts for 13.2 percent.
Read more: http://english.chosun.com/site/data/html_dir/2020/11/23/2020112301220.html?source=Snapzu

1 in 4 Americans are jobless or earning poverty-level wages, new study finds

Official government figures show that unemployment around the U.S. has fallen sharply since peaking at nearly 15% in April as the coronavirus was shuttering businesses left and right. Yet the jobless rate as depicted in headlines offers a skewed picture of employment today, failing to capture the real financial pressure bearing down on millions of Americans, according to a new study.
Read more: https://www.cbsnews.com/news/jobless-americans-poverty-line-earnings/?source=Snapzu

This 2-Acre Vertical Farm Out-Produces 750 Acre ‘Flat Farms’

95% less water. 99% less land. 400X more yield.
Read more: https://www.forbes.com/sites/johnkoetsier/2020/11/20/this-2-acre-vertical-farm-out-produces-750-acre-flat-farms/?source=Snapzu

Apple is lobbying against a bill aimed at stopping forced labor in China

Apple wants to water down key provisions of the bill, which would hold U.S. companies accountable for using Uighur forced labor, according to two congressional staffers.
Read more: https://www.washingtonpost.com/technology/2020/11/20/apple-uighur/?utm_source=reddit.com?source=Snapzu

The 'market' won't save us from climate disaster. We must rethink our system

Expecting the free market to fix global warming is like trying to pound nails with a saw
Read more: https://www.theguardian.com/commentisfree/2020/nov/19/climate-crisis-markets-economic-system?source=Snapzu

Waffle House Vistas — THE BITTER SOUTHERNER

Waffle House does not care how much you are worth, what you look like, where you are from, what your political beliefs are, or where you’ve been so long as you respect the unwritten rules of Waffle House: Be kind, be respectful, and don't overstay when others are waiting for a table.
Read more: https://bittersoutherner.com/waffle-house-vistas?source=Snapzu

Orwell’s nightmare? Facial recognition for animals promises a farmyard revolution.

China’s acts of bovine intervention could help improve agricultural safety and allow the industry to become more self-sufficient.
Read more: https://www.washingtonpost.com/world/asia_pacific/facial-recognition-china-animals-farms-agriculture/2020/08/23/9808c710-d6fb-11ea-b9b2-1ea733b97910_story.html?source=Snapzu

Apple to cut app store fees as legal scrutiny intensifies

Apple will cut its app store commissions in half for most developers beginning next year amid an intensifying debate about whether the iPhone maker has been using the fees to unfairly fatten its profits and stifle rivals competing against its own music, video, and other subscription services.
Read more: https://apnews.com/85c1673ab69f987a159eadd679868dcc?source=Snapzu

Ellen Pao explains why she never felt imposter syndrome as Reddit CEO: 'I've seen so many horrible male CEOs'

Tech executive Ellen Pao discusses leadership, diversity and inclusion, and social media moderation in a recent podcast interview with Jennifer Palmieri.
Read more: https://www.cnbc.com/amp/2020/11/19/ellen-pao-explains-why-she-never-felt-imposter-syndrome-as-reddit-ceo.html?source=Snapzu

Google Pay’s massive relaunch makes it an all-encompassing money app

Google says all of this data won’t be used for ads, but it’s still a lot of data to give to Google.
Read more: https://www.theverge.com/2020/11/18/21571806/google-pay-relaunch-money-payments-finances-deals-offers-banking-plex?source=Snapzu

Millions of Unemployed Americans Face Loss of Benefits at Year’s End

Two key programs Congress passed this year to expand and enhance unemployment insurance expire on Jan. 1, leaving millions of people without benefits unless lawmakers can break a monthslong deadlock over a fresh round of pandemic relief.
Read more: https://www.wsj.com/articles/millions-of-unemployed-americans-face-loss-of-benefits-at-years-end-11605448802?source=Snapzu

Standing up for developers: youtube-dl is back

Today we reinstated youtube-dl, a popular project on GitHub, after we received additional information about the project that enabled us to reverse a Digital Millennium Copyright Act (DMCA) takedown. 
Read more: https://github.blog/2020-11-16-standing-up-for-developers-youtube-dl-is-back/?source=Snapzu

Almost 60 percent of business closures are now permanent, new Yelp data shows

The types of restaurants with the highest closure rates include breakfast and brunch places, sandwich shops, and Mexican restaurants.
Read more: https://www.nbcnews.com/business/economy/almost-60-percent-business-closures-are-now-permanent-new-yelp-n1240209?source=Snapzu

Yelp is Screwing Over Restaurants By Quietly Replacing Their Phone Numbers

The phone numbers add tracking before connecting to a restaurant so that Grubhub can bill for a marketing fee.
Read more: https://www.vice.com/en/article/wjwebw/yelp-is-sneakily-replacing-restaurants-phone-numbers-so-grubhub-can-take-a-cut?source=Snapzu

What Rent Drop? Listed Prices Aren’t Budging Where COVID-19 Hit Hardest

In some parts of the city, rents have dropped since the COVID-19 crisis began. But for neighborhoods that felt the effects of the coronavirus most, listed prices have risen slightly, according to a new analysis. The annual rental report by the apartment-listings site StreetEasy paints a very different price picture between the neighborhoods with the lowest coronavirus infection rates — primarily wealthier neighborhoods in Manhattan and Brooklyn — and the hardest-hit areas, mostly in Queens and The Bronx.
Read more: https://www.thecity.nyc/housing/2020/9/10/21430039/what-rent-drop-listed-prices-arent-budging-where-covid-19-hit-hardest?source=Snapzu

Scientists want to use your pee to save the environment

A majority of farmland fertilizers consume 2% of the world's energy. Thankfully, a solution to the problem is much closer than people realize.
Read more: https://www.inverse.com/science/scientists-want-to-use-your-pee-to-save-the-environment-sustainability-hacks?source=Snapzu

Long-term unemployment is on the rise, economists and social scientists worry

As the number of coronavirus cases continue to increase, the number of Americans who have been jobless for more than 26 weeks jumped to 3.6 million last month. This worries labor economists and social scientists about the slow rate of economic recovery amid the coronavirus pandemic.
Read more: https://mazech.com/2020/11/long-term-unemployment-is-on-the-rise-economists-and-social-scientists-worry/?source=Snapzu

Food and farming could stymie climate efforts, researchers say

Wind power and geothermal heat aren’t enough to keep the world cool, according to a new study. Even if energy, transportation, and manufacturing go entirely green, emissions of greenhouse gases from the food system would put the world on track to warm by more than 1.5°C, a target set in the 2015 Paris climate agreement.
Read more: https://www.sciencemag.org/news/2020/11/food-and-farming-could-stymie-climate-efforts-researchers-say?source=Snapzu

The economy as we knew it might be over, Fed Chairman says

The Covid-19 pandemic brought the economy to a screeching halt, and while it has started its long road to recovery, the economy we knew is probably a thing of the past, said Federal Reserve Chairman Jerome Powell on Thursday.
Read more: https://www.cnn.com/2020/11/12/economy/economy-after-covid-powell/index.html?source=Snapzu

For Video Game Companies, “Crunch” Working Conditions Are Increasingly the Norm

Video games like CD Projekt Red’s forthcoming Cyberpunk 2077 are increasingly made under grueling working conditions — a particular irony for a game adopting the cyberpunk genre which, at its best, critiques the dystopian power abuses that so starkly characterize our world.
Read more: https://jacobinmag.com/2020/11/video-games-cyberpunk-2077-crunch-overwork/?source=Snapzu

Covid vaccine won’t be an ‘instant stimulus’ to the U.S. economy, warns economist

A Covid-19 vaccine will not result in an “instant stimulus” to the U.S. economy, which still needs greater fiscal support as its recovery loses momentum, an economist said on Wednesday. Markets globally rallied after Pfizer and BioNTech announced on Monday that their coronavirus vaccine was more than 90% effective in preventing the disease among those with no evidence of prior infection.
Read more: https://www.cnbc.com/2020/11/11/covid-vaccine-not-instant-stimulus-to-us-economy-warns-economist-.html?source=Snapzu

Unemployment is falling. Long-term unemployment is ballooning

The number of unemployed workers continues to fall, reflecting a rebound from the deep economic hole gouged out by the coronavirus pandemic in the early spring. But a sinister trend is churning under the surface. Long-term unemployment — a period of joblessness lasting more than 27 weeks (or, six months) — is accelerating quickly.
Read more: https://www.cnbc.com/2020/11/06/unemployment-is-falling-long-term-unemployment-is-ballooning.html?source=Snapzu

Beware of buying cryptocurrency on Paypal

Paypal now lets you buy and sell cryptocurrencies, like Bitcoin and Ethereum. Paypal's FAQ reveals some big shortcomings to its cryptocurrency offerings.
Read more: https://boingboing.net/2020/11/12/beware-of-buying-cryptocurrency-on-paypal.html?source=Snapzu

Job policies that offer generous unemployment benefits create more happiness – for everyone

Governments use a variety of labor market policies to support workers who lose their jobs – each with a different impact on a country's well-being.
Read more: https://theconversation.com/job-policies-that-offer-generous-unemployment-benefits-create-more-happiness-for-everyone-147382?source=Snapzu

Latest Mr. Mobile video reveals the prototype of a modern Nokia N95 remake

In his latest episode of “When Phones Were Fun” series, Michael Fisher aka Mr. Mobile talked about the Nokia N95. The N95 was Nokia’s smartphone announced months before the first iPhone and it was marked as a device that can replace your phone, music player, TV, navigation and gives you access to the internet.
Read more: https://nokiamob.net/2020/11/07/latest-mr-mobile-video-reveals-the-prototype-of-a-modern-nokia-n95-remake/?source=Snapzu

Inside the final days of Quibi

The $2 billion streaming platform imploded less than six months after launch.
Read more: https://www.theverge.com/21559189/quibi-final-days-streaming-platform-coronavirus?source=Snapzu

McDonald's confirms creation of McPlant plant-based burger, unveils new Crispy Chicken Sandwich will debut in 2021

McDonald's confirmed its new Crispy Chicken Sandwich would arrive in the U.S. in 2021 and that it has created a plant-based platform dubbed McPlant.
Read more: https://www.usatoday.com/story/money/food/2020/11/09/mcplant-mcdonalds-plant-based-burger-crispy-chicken-sandwich/6187977002/?source=Snapzu

IEA sees new European lockdowns denting oil demand outlook

Renewed lockdown measures in Europe aimed at containing a rise in COVID-19 cases appear set to push the outlook for global oil demand toward the downside, an official with the International Energy Agency (IEA) said.
Read more: https://www.reuters.com/article/us-iea-oil-demand/iea-sees-new-european-lockdowns-denting-oil-demand-outlook-idUSKBN27P0KI?source=Snapzu

U.S. job growth slows; millions experiencing long bouts of unemployment

The U.S. economy created the fewest jobs in five months in October and more Americans are working part time, underscoring the challenges the next president faces to keep the recovery from the pandemic on track as fiscal stimulus dries up and new COVID-19 cases explode across the country.
Read more: https://www.reuters.com/article/us-usa-economy/u-s-job-growth-slows-millions-experiencing-long-bouts-of-unemployment-idUSKBN27M0IJ?source=Snapzu

Uber reports 18% revenue decline but says ride-hailing business is picking back up

Uber shares dropped as much as 4% after-hours Thursday as the company reported third quarter revenue that missed Wall Street’s expectations, but picked up during the company’s earnings call when the CEO said there are early signs its core ride-hailing business would fully recover from the Covid 19 pandemic.
Read more: https://www.cnbc.com/2020/11/05/uber-earnings-q3-2020.html?source=Snapzu

Financial markets rise ahead of US election

Financial markets have risen for a second day in a row ahead of the US presidential election. Uncertainty about the outcome of the race has weighed on share prices in recent weeks, adding to wider economic concerns. But investors are hoping a clear winner will push Washington to refocus attention on passing economic aid to address the pandemic.
Read more: https://www.bbc.com/news/business-54800397?source=Snapzu

U.S. Feds Seized Nearly $1 Billion in Bitcoin from Wallet Linked to Silk Road

Speculation kicked off after someone moved the huge sum on Tuesday, and now we know who it was: the U.S. government.
Read more: https://www.vice.com/en/article/akdgz8/us-feds-seize-1-billion-in-bitcoin-from-wallet-linked-to-silk-road?source=Snapzu

Jobless claims: Another 751,000 Americans filed new unemployment claims last week

U.S. states saw another 751,000 Americans file first-time unemployment benefits last week, as still-elevated coronavirus case counts threaten to weigh on the pace of recovery in the labor market.
Read more: https://finance.yahoo.com/news/initial-jobless-claims-week-ended-oct-31-2020-coronavirus-pandemic-185012800.html?source=Snapzu