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Silicon Valley’s Crisis of Conscience

“Harris believes that, just as the environmental crisis was wrought by extractive energy companies, so has an attentional crisis been wrought by extractive technology companies” writes Jane Mayer for newyorker.com. Returning to his normal life, he experienced a crisis of conscience. “I’d been living with a narrower view of reality than I had previously understood,” he said. Source: newyorker.com

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Boeing is in crisis. Is it still a good investment?

“Unless something spooky comes out in the next few weeks, Boeing stock might be a safe ride, but expect turbulence” writes Thomas Heath Is for washingtonpost.com. Boeing stock rose 81 percent in 2013 and has risen another 172 percent since the end of that year, Silverblatt said.But for those who cannot help themselves — me included — let’s talk about whether anyone should buy Boeing stock. Source: washingtonpost.com

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How to finally address the country’s out-of-control student loan crisis, according to a finance professor

“On a U.S. household basis, average student loan debt totals $47,671” writes Mark T for businessinsider.com. As loan defaults skyrocket, many are exposed to long-term financial harm while rising student loan debt impacts mental health and worsens gender and racial injustice.Student loan debt is not simply a young person’s problem.Recent public health studies also have shown that student debt can impact stress level, sleep and lead to depression. Source: businessinsider.com

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Bengaluru Is Facing A Terrible Water Crisis, And Only Tanker Mafias Are Gaining

“So, water tanker operators are now auctioning the water supplied by them to whichever apartment is willing to quote the highest price” writes General Assignment Editor for huffingtonpost.com. Bengaluru has faced water problems for a long time, and reports had earlier warned that a severe water crisis was likely in the city.Several areas in Bengaluru are facing a severe water crisis, leaving the residents of the city worried and wondering what their options are.A report in The Hindu says that the price of supplying a 6,000-litre tanker of water has…

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‘Very, very severe headwinds’: The threat to bust up Big Tech is giving some experts painful flashbacks to the financial crisis — and one has stopped buying those stocks entirely

“This pessimism carries potentially grave implications for the stocks market” writes Marley Jay for businessinsider.com. With Big Tech squarely in the government’s crosshairs, some on Wall Street think that years of pain are coming for social media companies like Facebook and other longtime market favorites like Google.Amid the worrying comparisons, Morganlander and Antonelli say investors should consider rotating out of the industry into less scrutinized areas.He said he’s avoiding those stocks because investors are projecting years of strong profit margins that may not come to fruition. Source: businessinsider.com

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Azar warns of ‘long fight’ ahead against opioids

“Maggie Hassan, D-N.H., had challenged Azar, saying that the Trump administration’s proposed cuts to Medicaid would make it harder for her state to address its opioid crisis” reports washingtonexaminer.com. Health and Human Services Secretary Alex Azar said Thursday that the government was seeing results in its efforts to stop the opioid crisis, but that success would not come easily. Source: washingtonexaminer.com

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Boeing Faces Crisis With Worldwide Grounding of 737 MAX Jetliners

“U.S. airlines that operate the 737 MAX, Southwest Airlines Co, American Airlines Group Inc and United Airlines, said they were working to re-book passengers” writes Min Read for reuters.com. The crash was the second disaster involving the 737 MAX, the world’s most-sold modern passenger aircraft, in less than five months.Brazil, Mexico and Panama on Wednesday became the first Latin American nations to suspend the Boeing 737 MAX. Earlier, Panama’s Copa Airlines had suspended operations of its six Boeing 737 MAX 9 aircraft until the findings are published of an investigation…

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$10 trillion in corporate debt has become a ticking time bomb for the next credit crisis — but one group of stocks is best positioned to escape it

“But outstanding corporate debt, which now stands at nearly $10 trillion, is where the red flags are more frequently hoisted” writes Akin Oyedele for businessinsider.com. A decade after the crisis, investors’ biggest concern is no longer household debt.Their net-debt-to-EBITDA ratio has more than doubled since 2009 and was 1.5 times that of their S&P 500 peers at the end of 2018.Half of the small-cap companies have debt that comes due within the next five years, compared with 40% of the S&P 500. Source: businessinsider.com

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Ocasio-Cortez’s misleading complaint: Trump did not transfer funds for the opioid emergency

“After the declaration, Congress appropriated more than $6 billion to combat the opioid crisis, including $4.4 billion in the fiscal 2019 spending bill” writes The Fact Checker for washingtonpost.com. But Congress acted to give the administration more than $6 billion for the opioid crisis, so there was little need for him to transfer funds without congressional authorization. Source: washingtonpost.com

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