Business

Puerto Rico to Default on More than $420 Million Debt

Puerto Rico to Default on More than $420 Million in Debts

Governor Alejandro García Padilla of Puerto Rico said Sunday that the island territory will not be making a payment of more than $420 million of its debts.  It is not the first such payment Puerto Rico has defaulted on, but it is the largest. The territory will likely default on additional payments owed on July 1st unless Congress intervenes. Despite the fact its …

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Yahoo Shares Fake Trader Joe’s Story Before April Fools’ Day

Your social media feed or inbox may be blowing up with a rapidly spreading Yahoo story that Trader Joe’s will close all their stores by 2017. Thankfully for Trader Joe’s lovers, it’s an early April Fools’ Day joke. Sending the Internet into a near-panic, Yahoo shared an article titled, “Trader Joe’s to Close All Stores by 2017, Plans to Discontinue Products” …

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Exelon’s $6.8 Billion Takeover of Pepco Approved by D.C.

Exelon's $6.8 Billion Takeover of Pepco Approved by D.C.

Exelon Corp.’s proposed $6.8 billion takeover of Pepco Holdings Inc. was approved by Washington regulators, clearing the way for the companies to form the nation’s biggest utility almost two years after the deal was first announced. The District of Columbia’s Public Service Commission voted in favor of the deal at a meeting in Washington Wednesday. Pepco shares jumped as much …

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Walmart Becomes Biggest Retailer To Pull Hover Boards Off Shelves

Walmart has recently pissed off a lot of rich white boys who are too good for the pavement by pulling the douche chariots of fire that are hover boards off their shelves. Other retailers that have pulled these hover boards (that are neither hovering nor are people bored of yet even though they do nothing) include Bed Bath and Beyond. …

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Kurtas and Sherwani’s: A Look at South Asian Men’s Fashion

From what I have seen, kurtas are a very accessible fashion item. I usually save them for festive occasions while they definitely can be used for lounging around and as household attire. Kurtas literally are very conspicuous wear, as they are straightforward and simplistic but can be equally gaudy; I guess you choose. The kurta, anyway, is such a beloved …

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New Book ‘Dark Money’ Claims Father of Politically Active Koch Brothers Helped Build Nazi Oil Refinery

New Book 'Dark Money' Claims Father of Politically Active Koch Brothers Helped Build Nazi Oil Refinery

A forthcoming book by New Yorker writer Jane Mayer says that the father of the politically influential Koch Brothers helped build a refinery in Germany in the 1930s that was important to the Nazi war effort. Mayer’s book, “Dark Money,” examines the role played by a handful of super-rich families in the evolution of the political right in the United States, from the …

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Canadian Dollar Closes Under 73 cents, Lowest Value in 11 years

Canadian Dollar Closes Under 73 cents, Lowest Value in 11 years

Maybe hold off on that trip to the U.S. a little bit longer. The Canadian dollar closed today at 72.70 cents U.S., its lowest value in 11 years. Falling oil prices and the fragility of Canada’s resource-based economy are being looked at as contributing factors, as the price of oil fell to less than $36 a barrel. Looking at the Bank of …

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16 International Soccer Officials Indicted

Sixteen international soccer officials have been indicted by the U.S. Department of Justice on multiple corruption charges. Attorney General Loretta Lynch revealed Thursday that the indictments include five current and/or former members of FIFA’s executive board. The Justice Department described in a release that the officials arrested were a part of  “a 24-year scheme to enrich themselves through the corruption …

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The True Cost Of Destroying The Death Star

The True Cost Of Destroying The Death Star

Everyone, from President Obama down to a lowly moisture farmer on Tatooine can agree that planet-destroying weapons are bad news. Barring a few Imperial hold-outs, it’s clear that not only is the Death Star massively expensive, the best case for using a Death Star is war crimes on a galactic scale. So it should come as no surprise that not only are Death Stars …

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