Some Congressional Races to Watch

A victory by de Leon would be a death knell to the moderate Democratic establishment and a swing to the left in the party. The race is likely to get expensive because under California’s system Feinstein and de Leon will face each other in the June 5 open primary and the general election in November.

A fascinating outcome of this race would be that de Leon and Feinstein could split the Democratic vote, and provide an opening for a Republican to reach the Senate from California. Another game-changing factor is Feinstein’s health, she’s 85 and looking increasingly frail, so the Senator might drop out any time.

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61 Japanese Banks plan to Offer Ripple Mobile App

Money Tap will use a QR (quick read) code to communicate with cash registers and automatic teller machines (ATMs), reported. Theoretically, Money Tap would allow individuals to make brick and mortar purchases with Ripple; move Ripple funds into bank accounts, convert Ripple funds into cash and withdraw it from ATMs or cash registers, and make cash deposits through ATMs that can be converted into Ripple.

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Is Bancor a Cryptocurrency with some Trillion-Dollar Features?

The foundation’s goal is to create a global ecosystem of Smart Tokens that will allow everybody on Earth to have access to money with liquidity. Liquidity crises such as inflation are the cause of many of the world’s economic problems.

Effects of this might be the collapse of political systems, or economic chaos. One obvious development will be that many countries would no longer have a national currency. Instead, each citizen would use whatever money best served his or her needs.

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Is the Avis-Budget Group Making Money?

Such a deal will give Avis-Budget experience maintaining and deploying self-driving vehicles. It also puts it in a position to provide autonomous vehicles for ridesharing services like Uber and Lyft, and delivery services like GrubHub (NYSE: GRUB), Instacart, Parcel, and Shipt.

Delivery is going to be a huge market for self-driving vehicles because of the involvement of big retail. Walmart (NYSE: WMT) is planning to offer grocery delivery to 40% of the US population through services like Uber, Deliv, and Lyft. Target (NYSE: TGT) has bought the grocery delivery solution Shipt, and Kroger (NYSE: KR) is partnering with Instacart.

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Kroger and Instacart rolling out Online Grocery Delivery Nationwide

One obvious possibility here is that Kroger is planning to buy Instacart. Such an acquisition is not farfetched; Kroger just sold its convenience stores for $2.1 billion which could finance an Instacart purchase. Target (NYSE: TGT); one of Kroger’s biggest competitors, has bought the shopping service Shipt and Walmart (NYSE: WMT) has plans to offer grocery delivery in 100 cities by the end of 2018.

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Artificial Intelligence for Sale on the Blockchain

A good way to think of Singularity.NET is an “app store AI” which would be an extremely disruptive solution. Interestingly enough, Singularity has the brainpower to make it happen the company claims to have more than 50 AI developers and 10 PhDs on the payroll. It also has some serious advisors; including Jim Rutt, the former CTO at Thomson-Reuters.

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Gallup Poll indicates almost half of Americans support Basic Income

The survey points to looming class warfare in America. Americans with college degrees; who are likely to be in the middle or upper class, oppose UBI. Those without college degrees; who are more likely to be working class, favor it.

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A Powerful New Idea for Financing Healthcare Research and Curing Cancer

Fortunately, Lo may have figured out how to finance healthcare research and the war on cancer without raising taxes.

His suggestion is for Uncle Sam to issue CancerCures bonds similar to the war bonds the US government issued to finance World War II. The bonds would finance biomedical research into a cancer cure.

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Does Trump Really want a Trade War?

A number of interesting conclusions can be made here. The first is that Trump thinks the U.S. might be able to win a trade war against Europe but not China. He might believe that the USA can get concessions from the EU with tariffs, while China may be rich enough to ignore the tariffs.

The European Union is a weak alliance that is plagued by economic stagnation and reeling from Brexit. The Peoples Republic of China is a strong unified state and the world’s second-largest economy.
The Chinese have one other edge in a trade war that might prove crucial. The People’s Republic is an authoritarian regime with a Leninist government. Neither Xi Jinping nor the politburo has to face reelection. They might be able to win a trade war by simply waiting for the next U.S. election.

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39 Facts about Uber

Uber is changing the face of our cities and the way we get around. It might disrupt far more than that by deploying such technologies as self-driving cars, same-day delivery solutions, new types of auto insurance, and even flying cars.

Despite countless scandals and an incredible amount of controversy, it appears that Uber is here to stay. The size and scope of this company is incredible, and its potential for disruption is vast. The infographic below will show you just how big and how disruptive Uber really is.  

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