Chipotle expected to post first ever loss

After facing a major ecoli crisis and instituting new food safety protocols has hurt Chipotle’s bottom line and image. Along with the food safety crisis, Chipotle’s attempts at winning back customers through free food has cost the company millions. Chipotle is expected to announce its first loss ever, nearly $30 million. Chipotle will have lost three years of earnings between fiscal year 2014 and fiscal … Continue reading Chipotle expected to post first ever loss

Apple & DOJ go head-to-head in Congressional Hearing

WASHINGTON, March 1, 2016 – Tech giant Apple will face off against the FBI over refusing to decrypt a terrorist’s encrypted iPhone. FBI Director James Comey and Apple’s general counsel, Bruce Sewell is testifying in front of a House Judiciary Committee hearing. Comey has said the FBI’s request would only impact the cell-phone belonging to San Bernardino terrorist Syed Farook. Apple continued towarn the committee … Continue reading Apple & DOJ go head-to-head in Congressional Hearing

Feds arrest four in connection to JPMorgan Chase data breach

Federal authorities announced on Tuesday that four people in Israel and Florida were arrested in suspicion of being connected to recent computer hacks of JPMorgan Chase and other financial institutions. The suspects in question were not tied to JPMorgan’s data breach in 2014, which compromised millions of personal accounts. Court documents show that some of the suspects are suspects in the hack. Department of Justice … Continue reading Feds arrest four in connection to JPMorgan Chase data breach

A Shrinking Middle Class: Where Is Our Money Going?

The middle class is roughly defined as households that earn between 67% and 200% of their area’s average income. This is a wide spread, but even so, the number of people who are within this group are shrinking. Even worse, as cost of living rises while wages remain stagnant, the middle class is struggling more than ever just to keep bills paid. The security once … Continue reading A Shrinking Middle Class: Where Is Our Money Going?

IRS welcoming hackers to steal 350M people’s personal info

The Government Accountability Office released a scathing report revealing that the IRS system is easy to hack by anyone but especially by current and ex-IRS employees. The GAO is a non-partisan agency that is in charge of the federal government’s use of taxpayer money. As a result of their investigation they have revealed many security flaws within the IRS financial reporting systems. This has worried … Continue reading IRS welcoming hackers to steal 350M people’s personal info

President Obama’s budget proposal includes $478 billion public works program

On Sunday it was announced that President Obama on Monday will send a $4 trillion dollar budget to Congress, which will include a questionable $478 billion public works program for highway, bridge and transit upgrades. According to White House officials, the funding for the program will come from a one-time 14% transition tax on the up to $2 trillion dollars of untaxed foreign earnings that … Continue reading President Obama’s budget proposal includes $478 billion public works program

World delegates begin annual World Economic Forum

Several thousand of the world’s powerful descended on Davos for the annual World Economic Forum. Wednesday marked the beginning of the 2015 World Economic Forum, they are expected to discuss inequality, climate change and sustainable development during the meeting. A wide-range of guests are expected to attend the event, including former US vice-president Al Gore who is set to stress the importance of tackling climate … Continue reading World delegates begin annual World Economic Forum

Senate passes budget to keep government running

After days and months of uncertainty, the Senate on Saturday passed a $1 trillion dollar spending bill that avoided a potential government shutdown.  The bill now rests on President Barack Obama’s desk awaiting his signature. The bill was the last remaining item on Congress year-end agenda. The bill provides enough funding for the government to run through the current budget year. The Senate’s final vote … Continue reading Senate passes budget to keep government running

Are Entitlements Contributing To National Debt

Entitlements are destroying America I believe that the vast majority of the ballooning national debt is caused by social welfare programs and entitlements. Entitlements, which include Social Security, Medicare and Medicaid, have not only been severely abused in this country, but poorly planned out by the government of the past. Medicaid is a program that was instituted to aid the destitute with healthcare coverage. It … Continue reading Are Entitlements Contributing To National Debt