Author Archives: Alice Green

Best Buy’s Geek Squad Shares Your Personal Info with FBI

Documents obtained by the nonprofit digital rights group Electronic Frontier Foundation (EFF) confirm that Best Buy’s Geek Squad has been sharing information with the FBI without consumers’ permission for at least 10 years. “We think the FBI’s use of Best Buy Geek Squad employees to search people’s computers without a warrant threatens to circumvent people’s constitutional rights,” wrote the EFF. “That’s ...

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Trump’s Economic Adviser Resigns – Stocks Drop on the News

Top Economic Adviser Gary Cohn has decided to resign after failing to convince Trump not to implement high tariffs on steel and aluminum. “It has been an honor to serve my country and enact pro-growth economic policies to benefit the American people, in particular the passage of historic tax reform,” said Cohn. “I am grateful to the president for giving ...

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Trump Offers to Revoke Steel Tariff in Exchange for NAFTA Deal

President Trump on Monday suggested he would withdraw the recently announced tariffs on steel and aluminum if Mexico and Canada finalize a new NAFTA agreement. The effort to renegotiate NAFTA began last August, with the most contentious issues including access to US procurement deals, a proposal to require more auto manufacturing in the US, dispute resolution mechanisms, seasonal barriers to ...

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Trump Proposes Import Tariff on Steel, Aluminum – Receives Widespread Pushback

Claims of an impending trade war erupted last week when President Trump announced steep tariffs on steel and aluminum. To propose the tariffs without Congressional approval, Trump took advantage of a law that allows him to establish tariffs in scenarios where national security is threatened. “When a country (USA) is losing many billions of dollars on trade with virtually every country ...

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US Intel Warns Americans to Stay Away from Huawei and ZTE

Officials from the FBI, CIA, NSA and Defense Intelligence Agency issued a warning on Tuesday that smartphones made in China represent a potential security threat for American customers. The warning, which came during a Senate Intelligence Committee hearing on worldwide threats, has massive implications for Apple competitor Huawei and telecom company ZTE. Both companies in 2012 were banned from selling ...

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Purdue Pharma to Scale Back Promotion of OxyContin

OxyContin manufacturer Purdue Pharmaceuticals announced last week it would no longer be marketing opioids directly to physicians. “We have restructured and significantly reduced our commercial operation and will no longer be promoting opioids to prescribers,” said the company in an official statement. Purdue will continue to sell OxyContin, but will no longer send sales representatives to doctors’ offices. Purdue told ...

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Business Titans Bezos, Buffet and Dimon to Tackle Healthcare Costs

Amazon, JPMorgan Chase, and Berkshire Hathaway announced Tuesday the formation of a new nonprofit that aims to cut healthcare costs for the hundreds of thousands of Americans employed by the three companies. “The three of our companies have extraordinary resources, and our goal is to create solutions that benefit our US employees, their families, and potentially, all Americans,” said JPMorgan ...

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Apple to Bring $200 Billion Back to US

Apple will soon bring the majority of its foreign cash reserves back into the United States to take advantage of the tax breaks it will receive under the GOP tax bill passed on December 22nd. The repatriated money will go straight into America banks, which will use it to make loans to Americans. This will provide a huge boost to ...

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High Prices Spark Anti-Government Protests in Iran

Iranians across the country joined in unauthorized protest last weekend to speak out against the government’s inability to fix ongoing economic troubles like rising prices and unemployment. Dozens of people have been arrested. Iran’s economy, which is largely dependent on oil, has long been plagued by high unemployment and double-digit inflation. Data from the International Monetary Fund shows inflation at ...

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Both Parties Conveniently Ignore Deficit

If there’s one thing Republicans and Democrats have in common, it’s the ability to simultaneously complain about and ignore the deficit. The annual budget deficit is about $600 billion. According to the Committee for a Responsible Budget (CRFB), the GOP’s tax overhaul will increase the deficit to $1 trillion by 2019. At this rate, the accumulated national debt will be ...

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