According to NASA, the Amazon fire activity was not more than in prior years, in fact, it was below average. Scientists studying satellite images of the fires in the Amazon rain forest said most of the fires are burning on agricultural land where the forest had already been cleared through years of deforestation. https://t.co/Az7WWiCVtr — […]
Amazon announced it will have drone delivery within a month. AP: Amazon said Wednesday that it plans to use self-piloted drones to deliver packages to shoppers’ home in the coming months. The online shopping giant did not give exact timing or say where the drones will be making deliveries. Amazon said its new drones use […]
According to a progressive think tank, Amazon paid a -1% federal tax rate last year, which is less than the bottom 20% of Americans did in 2015. Chicago Tribune: Amazon, the e-commerce giant helmed by the world’s richest man, paid no federal taxes on profit of $11.2 billion last year, according to an analysis of […]
Amazon, Microsoft, and Apple are in a three-way battle for the world’s most valuable company. CNBC: Amazon, Apple and Microsoft are in a tight race for the title of world’s most valuable public company. The three have tossed around the title over the past few trading days, each closing with a market cap over […]
Amazon is continuing to expand the reach of the company and now is now looking into buying professional sports rights. CNBC: The sports rights for the big professional leagues are locked up through 2020. Traditional media players such as Disney, CBS, Comcast’s NBC and AT&T’s DirecTV and Time Warner dominate the landscape. When current rights […]
It turns out that many Amazon employees will actually lose money due to the raising of the minimum wage announced by Jeff Bezos. Bloomberg: Amazon.com Inc. is eliminating monthly bonuses and stock awards for warehouse workers and other hourly employees after the company pledged this week to raise pay to at least $15 an hour. Warehouse […]
Progressives are blowing on their trumpets praising Bernie Sanders for getting Jeff Bezos to raise Amazon’s minimum wage to $15 dollars an hour. Here is an excerpt from WIRED. Wired: AFTER MONTHS OF increased public criticism about its grueling labor practices, Amazon announced Tuesday that it would begin paying all US employees, including part-time, seasonal, and temporary workers, at least […]
Splinter.com claimed that Amazon made $3.6 Billion dollars in profits last year and yet paid no income tax. Splinter: Jeff Bezos is the richest person in the world, with a personal net worth of $108 billion. In 2017, Bezos’ company, the internet retail giant Amazon, reportedly took in $5.6 billion in U.S. profits. So, how much did Amazon […]
