Odds and Ends 

Unbelievable HQ Video of New York City Life in 1911

Originally filmed by the Swedish company, Svenska Biografteatern, on a trip to America, the footage has been speed corrected (slowed down), with sound added by videographer Guy Jones. I find old footage like this of everyday life absolutely fascinating. If you do as well, be sure to check out our previous post: Rare Video Footage from 1906 Shows the Amazing Bustle of San Francisco’s Market Street Read more: http://twistedsifter.com/videos/hq-video-of-new-york-city-life-in-1911/

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Odds and Ends 

In 1982, An Artist Harvested Two Acres of Wheat on Land Worth $4.5 Billion

© Agnes Denes In the summer of 1982, two acres of wheat were planted and harvested by artist Agnes Denes, two blocks from Wall Street and the World Trade Center and facing the Statue of Liberty. Planting and harvesting a field of wheat on land worth $4.5 billion created a powerful paradox. Wheatfield was a symbol, a universal concept; it represented food, energy, commerce, world trade, and economics. It referred to mismanagement, waste, world hunger and ecological concerns. It called attention to our misplaced priorities. The harvested grain traveled to…

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Headlines 

Tesla Asks for Model 3 Factory Volunteers to Prove Haters Wrong

Some Model S and X workers may switch to Model 3 line Friday Reaching goal would be ‘incredible victory,’ executive says Elon Musk’s vision of building a mass-production electric-vehicle manufacturer. “I find that personally insulting, and you should too,” Field wrote in the March 23 email. “Let’s make them regret ever betting against us. You will prove a bunch of haters wrong.” Tesla has been routed this month as analysts and investors have raise more cash. Shares fell 22 percent this month in New York, the biggest one-month drop since…

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Headlines 

Musk Takes Down the Tesla and SpaceX Facebook Pages

Musk and Zuckerberg have traded barbs on AI, rockets before Facebook is facing criticism after Trump-tied firm took data Zuckerberg said last August. “It’s really negative and in some ways I actually think it is pretty irresponsible.” Musk responded, writing on Twitter: “I’ve talked to Mark about this. His understanding of the subject is limited.” In 2016, a SpaceX rocket carrying a Facebook satellite tweeted. Read more: http://www.bloomberg.com/news/articles/2018-03-23/tesla-spacex-pages-vanish-as-musk-joins-deletefacebook-crusade

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Headlines 

Trump May Be Deposed in Apprentice Groping Lawsuit

Manhattan state court judge says ‘no one is above the law’ Ruling adds to Stormy Daniels controversy over hush payment Summer Zervos, right, arrives at the New York County Criminal Court on Dec. 5, 2017. Stormy Daniels Faces $20 Million in Damages in Trump Lawsuit The decision may also complicate Trump’s effort to dismiss allegations from various women about his behavior. Trump is separately embroiled in a scandal involving a $130,000 payment to an adult film actress — Stephanie Clifford, who performed under the name Stormy Daniels — who alleges he’s…

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Headlines 

Goldman Says Stocks May Dive 25% If 10-Year Yield Hits 4.5%

If the 10-year U.S. Treasury yield hits 4.5 percent by year-end, the economy would probably muddle through — stocks, not so much, according to Goldman Sachs Group Inc. Goldman’s base-case scenario calls for a 10-year yield of 3.25 percent by the end of 2018, though a “stress test” out to 4.5 percent indicates such a move would cause stocks to tumble, economist Daan Struyven wrote in a note Saturday. He also said the economy would probably suffer a sharp slowdown but not a recession. “A rise in rates to 4.5…

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Headlines 

ECB’s Rimsevics Detained by Latvian Anti-Graft Bureau

Latvian central bank Governor Ilmars Rimsevics, a member of the European Central Bank’s governing council, was detained by the anti-graft bureau, in a flurry of actions by officials that ended early Monday with the financial regulator imposing payment restrictions on third-biggest lender ABLV Bank AS. The detention followed a search by authorities of the governor’s office and private property, state-owned LTV reported. Rimsevics’s lawyer, Saulvedis Varpins, said the governor considered the move against him as "clearly illegal." Finance Minister Dana Reizniece-Ozola said the detention would be explained on Monday and…

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Headlines 

Harvey Weinstein Sued by New York AG Over Sexual Harassment

Embattled movie producer Harvey Weinstein was sued by New York state for creating a hostile work environment at the Weinstein Co. that allegedly featured “pervasive sexual harassment,” intimidation and discrimination. New York Attorney General Eric Schneiderman’s lawsuit comes as Weinstein, 65, is seeking to sell his troubled studio to Maria Contreras-Sweet, a former Obama administration official, in a $500 million bid backed by billionaire Ron Burkle. The suit may create a major obstacle for the deal. Schneiderman said in a statement that the company’s sale might leave victims “without adequate redress, including…

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Headlines 

This Tiny Hedge Fund Just Made 8,600% On a Vix Bet

Not everyone got crushed when the market collapsed. For traders at a little-known Denver hedge fund who saw it coming, it was the score of a lifetime — a $17.5 million payday on a $200,000 bet. “People were laughing at us, saying this could never happen, this should never happen,” Justin Borus, the 41-year-old founder and manager at Denver-based Ibex Investors, said in an interview. “We saw people pricing this as a 1-in-5,000 event, but it was more like a one-in-five-year event.” Borus’s team bet that an exchange-traded fund linked to…

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Headlines 

Bitcoin Newbies Are Getting Crushed While Old Timers Bemoan `Weak Hands

For Bitcoin investors, these are the times that try one’s soul. After surging to almost $20,000 in December following the introduction of regulated futures contracts in the U.S., the world’s largest cryptocurrency has lost more than half its value, plummeting to as low as $7,614 on Friday. It regained some ground on Saturday, rising 7.5 percent to $9,290.15 as of 2:58 p.m. in New York, according to Jamie Dimon to Nouriel Roubini have labeled as one of the biggest asset bubbles in history began showing signs of deflating. Selling by…

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Headlines 

Trump’s Solar Tariffs Mark Biggest Blow to Renewables Yet

President Donald Trump just dealt his biggest blow to the renewable energy industry yet. On Monday, Trump approved duties of as much as 30 percent on solar equipment made abroad, a move that threatens to handicap a $28 billion industry that relies on parts made abroad for 80 percent of its supply. Just the mere threat of tariffs has shaken solar developers in recent months, with some stalling projects in anticipation of higher costs. The Solar Energy Industries Association has projected 23,000 job losses this year in a sector that employed…

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Headlines 

Wal-Mart Raises Hourly Wage to $11 in Wake of Tax Overhaul

Wal-Mart Stores Inc. is boosting its starting hourly wage to $11 and delivering bonuses to employees, capitalizing on the U.S. tax overhaul to stay competitive in a tightening labor market. The increase takes effect next month and will cost $300 million on top of annual wage hikes that were already planned, the world’s largest retailer said Thursday. The one-time bonus of up to $1,000 is based on seniority and will amount to an additional $400 million. The company is also expanding its maternity and parental leave policy and adding an…

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Headlines 

New York City plans to divest $5bn from fossil fuels and sue oil companies

Mayor Bill de Blasio: Its up to the fossil fuel companies whose greed put us in this position to shoulder the cost of making New York safer and more resilient New York City is seeking to lead the assault on both climate change and the Trump administration with a plan to divest $5bn from fossil fuels and sue the worlds most powerful oil companies over their contribution to dangerous global warming. City officials have set a goal of divesting New Yorks $189bn pension funds from fossil fuel companies within five…

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Headlines 

Trump Says Bannon Lost His Mind After Leaving White House

President Donald Trump denounced his former top strategist, Steve Bannon, on Wednesday in a dramatic break from the man considered an architect of Trump’s populist campaign. “When he was fired, he not only lost his job, he lost his mind,” Trump said in a statement issued after the publication of excerpts of a new book in which Bannon criticizes the president and his family. “Now that he is on his own, Steve is learning that winning isn’t as easy as I make it look.” Bannon has lost the access to…

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Headlines 

Two arrested in ‘horrific’ quadruple upstate New York murders

(CNN)Two people have been arrested in the “horrific” murders of two women and two children in Troy, New York. The victims — Brandi Mells, 22, Shanta Myers, 36, and Myers’ children Shanise, 5, and Jeremiah, 11 — were found dead in a basement apartment on Tuesday in what police called a “horrific” homicide that shook the upstate New York city.

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