Dark and difficult times lie ahead. Soon, America’s middle class must come to the realization that the country’s largest employer–Walmart is quietly testing an army of robots that soon will replace their jobs. The latest installment is an autonomous floor scrubber being tested at five store locations near the company’s headquarters in Bentonville, Arkansas.
The city of Detroit, in the U.S. state of Michigan, has experienced an impressive economic and demographic shift over the past 50-years.
Deindustrialization coupled with depopulation has stripped the city of it’s economic strength cascading it into turmoil. Global competition from automakers shifted manufacturing jobs out of the area. As businesses left, communities decayed, inducing a terrifying surge in violent crime. Urban rot came next festering from within and eventually sending the city into bankruptcy in 2013 where it reemerged in 2014.
Authored by Charles Hugh Smith via OfTwoMinds blog,
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It's not exactly clear what message the following Black Friday offer from Royal Yacht Brokers is meant to send: that billionaires are becoming hesitant with their yacht charters, which would seem at odds with someone recently laundering $450 million using a rare Da Vinci painting, or that Credit Suisse's ultra high net worth clients who comprise the peak of this pyramid...
So Kobe Steel was not an isolated incident and faking data on manufacturing quality in Japan is quite common, as other lower profile scandals at Nissan Motor and Takata proved. Today another culprit has come to light: Mitsubishi Materials – which may need to re-consider its corporate philosophy “For People, Society and the Earth” and Articles 2 and 3 of its code of conduct “Safety First” and “Compliance”.