Drudge Retort: The Other Side of the News

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Sunday, January 28, 2018

A rapidly tightening labor market is forcing companies across the country to consider workers they once would have turned away. That is providing opportunities to people who have long faced barriers to employment, such as criminal records, disabilities or prolonged bouts of joblessness. "When the unemployment rate is high, you can afford to not hire anyone who has a criminal record, you can afford to not hire someone who's been out of work for two years," said Lawrence H. Summers, the Harvard economist and former Treasury secretary. "When the unemployment rate is lower, employers will adapt to people rather than asking people to adapt to them." read more

Friday, January 26, 2018

A highly classified satellite launched by SpaceX this weekend ended up plummeting into the Indian Ocean, a U.S. official confirmed to ABC News. Following its launch from Florida's Cape Canaveral Sunday night, the satellite, codenamed Zuma, failed to remain in orbit, the official said. SpaceX suggested that it was not at fault, telling ABC News its rocket, named Falcon 9, "did everything correctly ... the data reviewed so far indicates that no design, operational, or other changes are needed," SpaceX president Gwynne Shotwell said in a statement. The company later stated that the Zuma indent won't impact the schedule of SpaceX's upcoming launches, including the maiden flight of Falcon Heavy. read more

Thursday, January 25, 2018

A species of fish that comes together once a year for mass underwater orgies might be under threat because its mating call is so loud. So noisy is the the Gulf corvina – a Mexican species that lives mainly off the coast of California – that fishers can hear its call above water as it reverberates through the hull of boats. As the fish get together for their rippling sex festival, they are easily caught in nets. Modern fishing techniques mean many more are now caught than in previous years. The reproductive orgies are so audible that they can even deafen dolphins, scientists said on Wednesday. Other sea animals such as seals and sea lions are also thought to be affected. Researchers of the Gulf corvina say the "spectacle" should be preserved – and is threatened by overfishing. read more

Friday, January 19, 2018

Recent assaults by tactical teams on prototypes of President Donald Trump's proposed wall with Mexico indicate their imposing heights should stop border crossers, a U.S. official with direct knowledge of the rigorous assessment told The Associated Press. Military special forces based in Florida and U.S. Customs and Border Protection special units spent three weeks trying to breach and scale the eight models in San Diego, using jackhammers, saws, torches and other tools and climbing devices, said the official. Carlos Diaz, a spokesman for Customs and Border Protection, said the agency is still in "the testing phase" and that results are being evaluated. He said combining elements of different prototypes instead of picking a winner is consistent with previous statements by officials. He noted that the agency said in its bidding guidelines that a minimum height of 18 feet (5.4 meters) would be a key characteristic. He said he did not have additional details on test results. read more

Tuesday, January 16, 2018

An exchange-traded fund that tracks companies that support President Donald Trump and the Republican Party is beating the stock market, according to Hal Lambert, founder and managing director of Point Bridge. The MAGA ETF, which launched on Sept. 6, has gained about 13.7 percent as of Friday's close. That compares with a return of nearly 11.3 percent for the S&P 500 over the same period. The fund uses Federal Election Commission data and screens components in the S&P for companies whose campaign contributions from employees and political action committees donate significant money to support Republicans running for office. "These are all based on political contributions of companies in the S&P 500. It's the top political contributors to Republicans," Lambert said Monday on CNBC's "Squawk Box." "It's about 21 percent industrials, it's about 20 percent financials and about 17 percent oil and gas." read more


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