According to a recent study by Ookla Speedtest, the U.S. ranks a shocking 31st in the world in terms of average download speeds. The leaders in the world are Hong Kong at 72.49 Mbps and Singapore on 58.84 Mbps. And America? Averaging speeds of 20.77 Mbps, it falls behind countries like Estonia, Hungary, Slovakia, and Uruguay. Its upload speeds are even worse. Globally, the U.S. ranks 42nd with an average upload speed of 6.31 Mbps, behind Lesotho, Belarus, Slovenia, and other countries you only hear mentioned onJeopardy. So how did America fall behind? How did the country that literally invented the internet -- and the home to world-leading tech companies such as Apple, Microsoft, Netflix, Facebook, Google, and Cisco -- fall behind so many others in download speeds? read more
Executives at Volkswagen met last night to discuss the closure of a plant in Chattanooga, Tennessee after workers there voted to reject the formation of a worker's council through joining the United Autoworkers Union (UAW). The closure of the plant will cost an estimated 13,000 jobs.
Following intense conservative campaigning against the prospect of workers in the state joining a union, Bernd Osterloh, speaking for Volkswagen, said that the company would look to other parts of the US for opening new plants in the future:
The conservatives stirred up massive, anti-union sentiments. It's possible that the conclusion will be drawn that this interference amounted to unfair labor praxis." read more
Citing a study conducted by taxpayer watchdog group Good Jobs First, Dave Sirota at PandoDaily reports that Fortune 500 companies have received $63 billion in subsidies from the U.S. government with 75 percent of those dollars going to just 965 major corporations. read more
Outdated Magnetic Strips: How U.S. Credit Card Security Lags
While the regular dingdongs whine about nothing real.
They stay oddly silent on the subject of something, real read more
Ten days after he left office, former Virginia Gov. Bob McDonnell was indicted today by a federal grand jury on 14 counts -- along with his wife, Maureen -- stemming from the first couple's acceptance and solicitation of thousands in gifts and loans from a wealthy businessman during McDonnell's term. The indictment filed by the United States Attorney for the Eastern District alleges that the governor and his wife accepted more than $135,000 in direct payments as gifts and loans from then-Star Scientific CEO Jonnie Williams Sr. The charges, if they resulted in convictions and maximum sentences, could produce fines in excess of $1 million and put the McDonnells behind bars for decades.