California
Cracks In The Tech Bubble (That Doesn’t Exist)
by Wolf Richter • • Comments Off on Cracks In The Tech Bubble (That Doesn’t Exist)
Housing Bubble 2.0 Hits Messy Resistance In California
by Wolf Richter • • Comments Off on Housing Bubble 2.0 Hits Messy Resistance In California
California Water Crisis Meets (Already Iffy) Fracking Boom
by Oilprice.com • • Comments Off on California Water Crisis Meets (Already Iffy) Fracking Boom
Offshore Fracking (And Dumping Chemicals Into Coastal Waters) Beyond The Public Eye
by Oilprice.com • • Comments Off on Offshore Fracking (And Dumping Chemicals Into Coastal Waters) Beyond The Public Eye
Next Shoe to Drop in Broke California’s Lopsided ‘Recovery’
by Wolf Richter • • Comments Off on Next Shoe to Drop in Broke California’s Lopsided ‘Recovery’
Silicon Valley Frenzy: Big Bucks, Big Data, and Spying
by Wolf Richter • • Comments Off on Silicon Valley Frenzy: Big Bucks, Big Data, and Spying
The government spy-services marketplace, part of Big Data, is juicy. Investors clamor to get in on it. Scores of startups have sprung up. The hottest one is Palantir. Its valuation jumped 50% in three months – to $9 billion! Its technologies, designed for the CIA to track terrorists, have transitioned to track you and me.
The Day The Bubble Became Official, And Everyone Was Happy
by Wolf Richter • • Comments Off on The Day The Bubble Became Official, And Everyone Was Happy
American Boondoggle Meets Chinese Methods
by Wolf Richter • • Comments Off on American Boondoggle Meets Chinese Methods
BYD, the name of a Chinese electric vehicle and solar panel maker, stands for “Build Your Dream.” Maybe that’s what they’re trying to do in China. But here, they’re building a nightmare: broken promises, falsehoods, design flaws… all lushly funded by American taxpayers. And they paid Chinese workers in California $1.50 per hour to do it.
California To Grapple “Indefinitely” With Nuclear Hangover
by Wolf Richter • • Comments Off on California To Grapple “Indefinitely” With Nuclear Hangover
The costs of nuclear accidents can be catastrophic, for generations. But there are also the routine costs after reactors are shut down, when decommissioning expenses pile up, for timeframes beyond human comprehension. True costs are unknown. Now, the scandal-plagued San Onofre plant in Southern California has become a test case – indefinitely.