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Amy E. Price/Getty Images for SXSW Elon Musk may be an innovator and icon to many SXSW festival-goers, but the engineer and tech mogul made it clear who he draws inspiration from: one of rap's finest. Musk has been an outspoken admirer of Kanye West for years, and he has spoken glowingly about West's tendency to push boundaries and constantly reinvent the creative wheel. timein its annual list of influential people. time The company celebrated its 100th anniversary in 2015, but during a SXSW Q&A on March 11, he brought that gratitude into focus today, revealing who's been turning the…
For more than a century, Texas' economy has depended on oil. Images of giant geysers spewing depreciating wealth from the earth are forever linked to the state. In the public imagination, wealthy Texans are invariably oil tycoons. These formations beneath Texas' surface — Austin Chalk, Barnett Shale, Wolfcamp — have produced so much black gold that their names are known to oilmen and ordinary citizens alike.Largely due to high oil prices, Texas has generated more than half of America's economic growth over the past decade. The state's $1.6 trillion gross domestic product would place it around 10th in size if…
A woman is walking in front of the IBM logoSean Gallup | Getty ImagesBlockchain technology has attracted the attention of many technology companies. IBM According to the survey, it is leading the way.Big Blue is making great strides in its research and development project aimed at expanding the reach of distributed ledger technology to industries beyond financial services.Last month, the company Nestle, Unilever, Walmart The company is working with other major food companies to use the technology to track food movements so that any contamination can be addressed quickly.According to research firm Juniper Research, the company is in a stronger…
Hiding the price tag is not about hiding privilege. Whether or not she knows the price of her employer's bread, the nanny is undoubtedly aware of the class disparity. Rather, such behavior helps the wealthy manage their discomfort with inequality, which then makes it impossible to speak honestly about or change that inequality.The first time the stigma of wealth emerged in my interviews was in a literal silence about money. When I asked one very wealthy stay-at-home mom how much her family had, she was surprised. “Honestly, no one has ever asked me that,” she said. “No one asks that.…
Digiday Media is excited to welcome its first Senior Vice President of Sales and Customer Engagement. Drew Schutte, former chief revenue officer at Condé Nast Digital and publisher of Wired, The New Yorker and Details, is joining Digiday Media to drive sales and client engagement for the company's three media brands (Digiday, Glossy and Tearsheet) and content agency Custom. He will work alongside and report to chief customer and revenue officer Paul Borselli. “Drew is a proven business leader who will help Digiday Media continue its rapid expansion,” said Nick Freese, founder and CEO of Digiday Media. The hire comes…
When I was a kid, my mother sometimes threatened to give my brother and I pronunciation lessons. We all know that in a class society like Britain, how you speak matters a lot. Our increasingly diverse hometown of Peterborough was prosperous enough, but not posh. Six in 10 of the city's residents voted for Brexit, serving as a reverse indicator of the upper classes. (Thursday's general election gave Peterborough its first Labour MP since 2001.)My mother came from a working-class rural background and wanted us to rise up the social ladder without having to worry about a false accent. We…
Billionaire John D. Rockefeller (July 8, 1839 to May 23, 1937) continues to rank as one of the richest men of modern times. From his humble beginnings he became the founder of Standard Oil in 1870 and began ruthlessly destroying his competitors to build a monopoly on the oil industry. He expanded into ancillary businesses such as steel, copper, railroads, general stores, and newspapers. His quest for complete control brought him into conflict with the U.S. government, which passed the Sherman Antitrust Act of 1890 to break up Standard Oil, sparking a bitter battle that the government ultimately won in…
Billionaires aren't the only ones profiting from Indonesia's palm oil industry.However, a high proportion of the country's wealthiest citizens owe at least part of their wealth to the production of this commodity.That's natural. Indonesia is the world's largest producer of palm oil and also one of the most unequal societies. 14 of 32 Indonesian billionaires identified forbes magazine They are palm oil tycoons and have amassed their wealth, at least in part, through the palm oil industry. This includes six of the 10 richest people in the country and 12 of the 20 richest people. They are Budi and Michael…
Misha Japaridze/AP Fight disinformation: Sign up for free mother jones daily Read our newsletter and follow important news. On Monday, Donald Trump's campaign continued to come under fire for its mysterious and seemingly ever-expanding relationship with Russia, with one of its foreign policy advisers, Carter Page, speaking with Russian government officials. He left the campaign amid allegations that they had met and discussed relations with Russia. There is a possibility that US sanctions will be lifted when Trump takes office. (Page called these allegations “complete garbage.”) Now we have another Russian connection to add to the list. open secret Simon…
But President Trump never says what Iraq's “oil grab” actually means. That is, the occupation forces in the Persian Gulf are endlessly surrounded by enemies, have no allies, and are hopelessly isolated from the Islamic world. It would have to be an unrestricted occupation, which would make America more polarized than ever before. It would reinvigorate global jihad and humiliate our fundamental values as a nation. There have been several foreign policy fiascos over the past 15 years, but this puts the Republican Party on track to experience the biggest foreign policy fiasco in American history. Iraq's oil is distributed…