Three Men Are Charged in $722 Million Cryptocurrency Fraud

State of the Nation

Source: MSN Three men were charged with helping run a $722 million cryptocurrency fraud that amounted to a “high-tech Ponzi scheme,” U.S. Attorney Craig Carpenito in New Jersey said in a statement. Prosecutors said that, from 2014 until this month, the defendants operated BitClub Network, which solicited money from investors in exchange for shares in …

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‘It’s really over’: Corporate pensions head for extinction as nature of retirement plans changes

New World Order State of the Nation

Source: USA Today The practice of companies sending monthly retirement checks to their former workers is headed for extinction, and remaining pension funds are in tough financial shape. Nearly two-thirds of pension funds are considering dropping guaranteed benefits to new workers within the next five years, according to a human resources consulting firm that studied the matter. …

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Tesla’s Made-in-China Cars to Qualify for Subsidies There

Double Dragon

Source:  MSN Money Tesla Inc.’s made-in-China sedans qualified for subsidies in the country, a potential boon for Elon Musk’s electric-car maker as it prepares to start selling locally-built models in the world’s biggest market. The company’s Model 3 sedan was included in a list of qualified models published by the Ministry of Industry and Information …

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National Instruments announces layoffs.

Slicin' and Dicin' Corporate Style

Source:  MSN The company employs about 2,700 people in Central Texas, KVUE’s media partners at the Austin American-Statesman previously reported. National Instruments, a global tech company with headquarters in Austin, has announced layoffs, the business confirmed to KVUE. The company, which describes itself as a business that “accelerates productivity, innovation, and discovery through an open, …

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Uber disclosed 3,000 sexual assaults in US rides last year in its long-awaited safety report

State of the Nation

Source:  MSN Money Uber disclosed 3,000 sexual assaults reported in U.S. rides last year in its long-awaited safety report, amidst widespread criticism of its safety practices and pressure to increase its transparency over the issue. In a lengthy report, which divides sexual misconduct into 21 categories, Uber said it recorded 235 rapes last year and …

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