The rich own the robots while the poor have ‘job mortgages’

Ever since the first vision of a robot appeared on the horizon of mankind, humans have feared that automation will replace the workforce in our dystopian future. There typically follows a period of reassurance, in which we are compelled to believe that this will be a good thing, and that robots could actually liberate us […]

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Snap stock plummets after Kylie Jenner declares Snapchat dead

It’s been a rough week for Snap. The company’s update for Snapchat has been poorly received, and today, Snap’s stock price took another tumble following a tweet from Kylie Jenner declaring that she was done with the social imaging app. sooo does anyone else not open Snapchat anymore? Or is it just me… ugh this is so […]

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Apple could be buying cobalt from mining companies directly

Cobalt is the new oil. Car companies and battery manufacturers are all rushing to secure multiyear contracts with mining companies for their lithium-ion batteries. According to a Bloomberg report, Apple is also participating in this game as the company wants to secure its long-term supplies. The company has never done this before with cobalt. Apple relies […]

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Can You be Arrested for Debt?

Debtors’ prison is not supposed to be something you have to worry about in the United States these days. The practice of sending people to jail over unpaid debts was abolished in the U.S. over two centuries ago. So while you can be sued over an unpaid debt in civil court, there shouldn’t be any […]

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23 Things Debt Collectors Are Not Allowed To Do

Though it sometimes seems like debt collectors will try anything, even impersonating Ed McMahon, to their money, the law actually puts some pretty strict limits on what these people and companies can and can’t do.   From pretending to be police or attorneys to calling you at all hours of the night to trying to tack […]

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Americans could lose passports if ‘seriously delinquent’ on taxes

Americans who are behind on their taxes could be denied a passport, or even have theirs revoked, unless they enter into a payment agreement — a radical step that forms part of a crackdown on delinquent tax debt legislated by Congress. The IRS announced last month that it is beginning implementation of procedures aimed at […]

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US court allows ‘sewer service’ debt collection class action

A divided federal appeals court in New York allowed more than 100,000 potential plaintiffs to pursue class action litigation accusing Leucadia National Corp and a law firm of fraudulently cutting corners to win default judgments in debt collection cases. Tuesday’s 2-1 decision by the 2nd U.S. Circuit Court of Appeals came after the U.S. Consumer […]

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