These 11 Companies Control Everything You Buy (Whitney V.)
Ceiling-high grocery store shelves may give the perception of endless options, but a closer look at the brands and the companies that own them reveal a complex interconnection. Check out our full visual above to get a better sense of just how intertwined some brands are, and read on to learn more about how well Americans understand this relationship.
“There are three fundamental drivers of the slowdown in the housing market, none of which are likely to soon reverse,” the firm writes. “(1) mortgage rates have increased 100bp since 2017, putting pressure on affordability; (2) house prices have grown faster than rents and incomes since 2012, exacerbating the impact of rising rates; and (3) the 2017 tax law changes reduced the tax benefits of owner-occupied housing relative to renting.”
The statement follows moves by the Chinese hospital named in He’s ethical approval documents, Shenzhen Harmonicare Women’s and Children’s Hospital, to distance itself from involvement in the procedures.
“We can ensure that the research wasn’t conducted in our hospital nor were the babies born here,” a hospital representative told CNN. The hospital confirmed that two of the doctors named in He’s documents work at the hospital and suggested that an internal investigation was underway.
More than 100 Chinese scientists have co-signed a letter, released on China’s social media site Weibo, condemning the experiment for using gene-editing technology on humans. The signatories include scientists from some of China’s most prominent universities and from overseas institutes like MIT.
About 5,600 jobs will be lost at the three assembly plants set to close by the end of 2019. That includes 1,500 at the Detroit-Hamtramck facility that currently produces the Chevrolet Volt plug-in hybrid, as well as the Chevrolet Impala, Cadillac CT6 and Buick LaCrosse sedan.
Barra warned the administration over the summer that auto tariffs would lead to “a smaller GM.” Now that’s happening (though the administration is still mulling a decision on auto tariffs, though it has moved ahead with its protectionist agenda). Meanwhile, Jerry Dias, the head of Canadian autoworkers union Unifor, said that GM won’t be closing its Oshawa plant without “a hell of a fight.” He also requested a meeting with Barra, and is planning to meet with Prime Minister Trudeau.
The restructuring reflects changing North American auto markets as manufacturers continue to shift away from cars toward SUVs and trucks. In October, almost 65% of new vehicles sold in the U.S. were trucks or SUVs. That figure was about 50% cars just five years ago.
First, Social Security remains the third rail of politics and any politician advocating direct benefit cuts will likely be committing political suicide. With the Democrats controlling and likely keeping the House for the next decade, the prospect for direct benefit cuts is remote. I’d expect the Democrats will raise Social Security benefit taxation, either directly or indirectly, but not cut benefits.
Oh that it should come to this, Pt. 2 (Jesper A.)
Instead of fights over these niceties of science, we can if we want take a psycho-historical view of culture history. Such a view is fateful in that it follows in a Jewish trajectory of thought, which inscribes ‘meaning’ to history what would be an eventual impetous to nationalism. On the other the whole of our past is now written inside our world history very much despite the Bible. Common sense. Cursing aside history always contains nuggets of truth. My thoughts often go to Hellenism which created Christianity. Another example would be John K. Galbraith. Or the air-dryer…
“What we want to do is constantly push the market toward incorporating better technology and better capabilities by advancing the predicates and always looking forward so the … predicates the device companies are using as the basis of their approvals are constantly incorporating newer and better technology to make the devices better and safer,” Gottlieb said Monday in an interview with CNBC’s Becky Quick.
However, Arizona’s lawmakers scrapped the plan two months later due to insufficient votes for the proposal. Similarly, Georgia’s proposal also stalled in April, due to a “lack of understanding” about cryptocurrency, said Senator Mike Williams at the time.
In CVS and Aetna’s case, the deal creates a new type of company consisting of a health insurer, a retail pharmacy, and a company that negotiates prescription-drug prices with drugmakers. As part of the agreement with the DOJ, CVS and Aetna have to divest Aetna’s Medicare Part D prescription-drug-plan business.
The failure of both the Volt and the Cruze is instructive. The Volt was a very high-priced car that was heavily subsidized by government policies, both federal and state, favoring electric vehicles. Many thought its high-price tag doomed it, especially since the gas-powered Cruze was a very similar car at a lower price point. But neither achieved the expected sales. These were cars Americans did not want.
Could Oil Prices Fall To $40? (Thomas R.)
There have been very few signs from either Beijing or Washington that the trade war will come to an end any time soon. There is, however, a flicker of hope. Trump and Xi are set to meet at the G20 summit at the end of November, with Trump having planned a dinner after the summit where both leaders will try to find a way to end the trade war. If these two superpowers were able to come to an agreement then oil prices would get a significant boost.
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