Showing posts with label Make. Show all posts
Showing posts with label Make. Show all posts

Saturday, 29 August 2015

Democratic Contenders Make Their Case to Party Leaders

Democratic Presidential Candidates Speak At DNC Summer Meeting In Minneapolis
Hillary Clinton speaks at the Democratic National Committee summer meeting in Minneapolis on Aug. 28, 2015.

Four of the five Democrats running for president spoke at the DNC summer meeting

One candidate wants everyone to relax over those emails. A second is convinced he can start a political revolution. Another demands more debates. The other hopes you remember who he is.
What began as an orderly quorum to rally Democrats for the 2016 general election spiraled on Friday into a chaotic pageant of candidates slamming debate schedules, assuaging fears over emails, lambasting Donald Trump and demanding political revolution.
Four of the five Democratic candidates for president addressed the Democratic National Committee members and leaders at the party’s summer meeting in Minneapolis, each seeking something different.
The three-day confab is a key forum for the Democratic candidates to garner establishment support for their campaigns. Their speeches on Friday evinced tensions within the party and a wide range of interests. But one battle line was clear: there’s the establishment wing of the party, and there’s everyone else.
Here’s what each of the candidates aimed to prove at the DNC summer meeting, in the order that they spoke.
Lincoln Chafee: The former Rhode Island governor and senator, who has the mild demeanor of a mid-level manager, is polling at an unenviable 0.5%.
So Chafee spent most of his brief speech reminding the Democratic Party who he is. He boasted of his qualifications, telling the audience that as a prescient senator from Rhode Island in the early 2000s he voted against the Iraq War, warned of the dangers of climate change and supported a bipartisan immigration bill.
Plus, he has never been accused of a major scandal. “And all through these 30 years of public service, I’ve had no scandal,” Chafee said. “I’m proud of that.”
Hillary Clinton: The Democratic frontrunner, firmly in the lead for the nomination with nearly 50% in an average of recent national polls, aimed to assure the DNC’s leadership that she is the strongest candidate to rebuild the party after bad losses in the 2010 and 2014 midterms.
She vowed on Friday to help rebuild a Democratic Party whose ranks have been thinned by losses at the local and state level, telling top leaders of the Democratic National Committee that her campaign will help Democrats “win up and down the ticket.”
“I’m building an organization in all 50 states with hundreds of thousands of volunteers who will help Democrats win races up and down the ticket, not just the presidential campaign,” Clinton said. “You know, in 2010 Republicans routed us on redistricting, not because they won Congress but because they won state legislatures. It’s time to rebuild our party from the ground up. And if you make me the nominee that’s exactly what I’ll do.”
Meanwhile, her surrogates rounded up super-delegates at the DNC three-day meeting in an effort to build up a bulwark of support before the primary contests next year. Her goal is to assure Democrats uneasy after a rough August of press around her use of a personal email server.
Clinton also told reporters after her speech that the obsession with her emails is a passing fad. “I’m not frustrated,” she said in response to a reporter’s question, who asked her how she is feeling about a kerfuffle that has damaged her trustworthiness among voters. “I’m just trying to explain for people who have never had to follow this before that is is complicated. There’s nothing unique about [the] process being conducted around my emails.”
Clinton, whose Priorities USA super PAC was trailing behind Jeb Bush’s fundraising efforts by nearly $100 million as of June, compared high-dollar fundraisers to the wealthy industrial magnates of old. “The robber barons of the late-19th century handed public officials bags of cash,” Clinton said. “Now we have secret unaccountable money that distorts our elections and drowns out the voices of everyday Americans.”
The Republican Party, Clinton said, is scrambling over itself to look backwards. “The party of Lincoln has become the party of Trump,” she said.

Thursday, 13 August 2015

Elon Musk Is About To Make a Huge Investment in Tesla

Tesla Motors Inc CEO Elon Musk unveils a new all-wheel-drive version of the Model S car in Hawthorne, California
Elon Musk


Company is planning to sell millions of shares to expand its business

Electronic car maker Tesla Motors is planning raise about $500 million in September by offering 2.1 million additional shares, according to an SEC filing. Founder and CEO Elon Musk has indicated that he will buy about $20 million worth of the stock.
Tesla will use the proceeds, which could amount to as much as $566 million, to spur development of its Model 3, a more affordable sedan aimed to launch in 2017. The money will also help boost development company’s retail operations, charging stations and battery factory.
Tesla posted a net loss of $184 million in the second quarter, up from $62 million during the same period a year ago. The company has used equity and debt offerings to finance its business, as well as loans from the Energy Department. Musk projects that the company could become profitable on a net basis by 2020 with sales of 500,000 cars per year.

Tuesday, 11 August 2015

Hackers Allegedly Stole Big Trades

U.S. Stocks Make Encouraging Positive Turn After Slump
Traders work on the floor of the New York Stock Exchange on January 14, 2014 in New York City.


The group made millions, officials say

A group of financial fraudstersworked with foreign hackers to access unpublished press releases and trade on the information therein, federal authorities said Tuesday.
The U.S.-based traders worked with Eastern European computer hackers to target press release distribution companies in a scheme that netted over $100 million in ill-gotten gains. Nine people have been arrested in the case, The New York Times reports.
This kind of stock-trading cybercrime has become a growing problem for law enforcement. In November, the cybersecurity firm FireEye [fortune-stock symbol=”FEYE”] published a report on a group thathas been targeting pharmaceutical and health care executives in order to get ahold of confidential information, likely for an illegal edge in the markets.
The latest incident appears to echo a 2005 case against an Estonian financial services firm called Lohmus Haavel & Viisemann, the Wall Street Journal notes. That group, which also stole press releases electronically, made off with nearly $8 billion before settling with the SEC for $14 million in the end.
At least six government agencies—the Federal Bureau of Investigation, the Securities and Exchange Commission, the Secret Service, the Department of Homeland Security and the U.S. attorney’s offices in Brooklyn and New Jersey—will bring the charges against the group, the Journal reports.