(Via The Daily Wire)
The Walmart megastore will be getting in on the automation race — they are planning a new service that may make their stores cashier-free. They will also be implimenting new strategies to compete in the E-commerce wave sparked by Amazon.
According to Recode, “a new Walmart subsidiary, called Code Eight, has recently started testing a personal shopping service for ‘busy NYC moms,’ according to multiple sources, with the goal of letting them get product recommendations and make purchases simply through text messaging.”
Code Eight’s targeted demographic will be a “high net worth urban consumer,” a departure from their standard middle-America consumer.
“Household items are delivered for free within 24 hours; other purchases are delivered within two business days,” reports Recode. “Returns are picked up for free at a customer’s apartment building or house.”
Similar to Amazon Go stores, Walmart’s startup incubator, Store No. 8, will be testing a new line of cashier free stores. The secret project, known as “Project Kepler,” will be headed by Mike Hanrahan, the co-founder and former chief technology officer for Jet.com.
The Amazon Go stores accurately charge individual shoppers for items removed from shelves, a grocery store without lines or checkouts or workforces striking for a wage the job does not warrant.
“It uses cameras and shelf sensors to track what shoppers pull from shelves and then charges them for what’s in their carts when they leave the store, all without the use of cashiers or physical registers,” Business Insider reported when Amazon Go first appeared.
Though Amazon Go stores were supposed to go nationwide this year, technical difficulties kept that from happening. Amazon has now hired construction managers with the expressed intention of building the first stores.
All signs point to Project Kepler being something similar to Amazon Go, which means a huge chunk of Walmart’s workforce could be without a job. The corporation has two million employees worldwide, with significant portions working in the checkout line.
The fight for $15 minimum wage crowd are in for a rude awakening.
Outrage As Robinhood CEO Confesses To Elon Musk: DTCC Shut Down Stocks In Gamestop; AMC Surge
Did Congressional authority allow DTCC to help defraud middle-class investors buying Gamestop and AMC?
The CEO of Robinhood admitted to Elon Musk that the DTCC – The Depository Trust & Clearing Corporation – halted trading during a call Monday morning on the Clubhouse app.
This is not the first time this has happened…
This appears to be Pet Quarters having the same issue Robinhood has today. When Pet Quarters took it to court, the courts said something along the lines of: f*** you, don’t ever come back here (citing technicalities).
Why did they win? Well, DTCC is given the authority by Congress to regulate despite technically being a private organization
There’s more – “To date, except for one case where DTCC’s dismissal motion is pending, all of the cases either have been dismissed by the courts or withdrawn by the plaintiffs.”
Every AG in the country should be made aware of these facts and open investigations into the matter.
Why does Congress get to deputise a private organization as eco-hitmen for the market?
UPDATE (2/3/20 5:09 AM):
(Reuters) – Robinhood Chief Executive Vlad Tenev is expected to testify before a U.S. House committee on Feb. 18, Politico reported on Monday, citing people familiar with the matter.
The hearing before the House Financial Services Committee has not been formally announced, the report added
#AdiosAmerica: Republicans (with Democrats) Are Selling Out America to Corporations to Decrease Living Standards
Since the turn of the 20th century, living standards became an important, almost central part to the progressive and labor movements of those times. Now it has become a mainstream of both parties to sell out your labor to lowest bidders in low and high paying jobs. Low paying jobs are being taken by low-wage immigrants protected by Democrats and the high-end jobs are brought in by bi-partisan means, and greatly boasted by Republicans.
This effort has crippled the middle-class for close to 30 years now and with the job market being already tightened by the looming threat of A.I., importing more workers, whether legal or illegal is decreasing the value of labor in America for each and American Citizen. Corporations and Businesses, who rely on keeping employee costs as low as possible generally don’t complain about these practices across the board, why would they?
Americans have an increasingly difficult task ahead of them with the mass illegal migration at the Southern Border but also the legal importation of immigrants through H1-b1 Visas. These challenges will increasingly change the look, heritage of this country. There is no incentive for either Government or Business to care about reigning in immigration to the benefit of the American worker, the bottom dollar line will look better anyways.
Soros Newest Investor Of Tesla Bonds
Tesla looks to have a new bond holder and it’s none other than George Soros. Whatever this mean, Soros has also taken a stake in Crypto-Currencies .
Zerohedge Reports: Amid Elon Musk’s darkest hour in late March – as his stocks and bonds tumbled in price – it seems there was at least one other billionaire willing to buy the ‘blood on the street’.
According to the latest 13Fs, George Soros’ investment firm took a $35 million stake in Tesla’s convertible bonds during the first three months of the year.
As a reminder, convertibles are hybrid securities, either bonds or preferred stock, that can be exchanged for a predetermined number of common shares. That effectively lets an investor participate in stock-price changes, but with the yield and greater security of a fixed-income instrument.
The March 2019 Converts bounced handsomely off those lows – tracking the stock’s divergent bounce – but in recent days has fallen back towards the lows, catching down to the straight bonds record low price.