Barter and dollars the new reality as Venezuela battles hyperinflation

As inflation soars, Venezuelans have been forced to find new ways to pay for essentials when the power supply allows Barter reads a simple sign on Angelica Monasterioss stall in Cupira, a town on the main road east from Caracas. Her niece painted the sign for her in early February, after spiralling inflation and vanishing reserves of hard cash made it hard to do business. We accept dollars and euros as well, she said with a grin, sitting beside rows of handmade yucca wafers, the towns speciality, balls of pure cacao farmed nearby and hand-carved toys. devastating blackout that struck last week has pushed it to the verge of collapse. Venezuela officially entered hyperinflation at the end of 2016, and …

Elizabeth Warren is right we must break up Facebook, Google and Amazon | Robert Reich

The titans of the new Gilded Age must be busted and the idea has bipartisan support. Its time big tech was brought to heel The presidential hopeful Elizabeth Warren second Gilded Age, ushered in by semiconductors, software and the internet, which has spawned a handful of hi-tech behemoths and a new set of barons like Mark Zuckerberg of Facebook, Jeff Bezos of Amazon, and Sergey Brin and Larry Page of Google. The answer is the same as it was before: bust up the monopolies. The current effort is bipartisan. At a Senate hearing I attended last week, the arch-conservative Missouri Republican Josh Hawley asked me, rhetorically: Is there really any wonder that there is increased pressure for antitrust enforcement activity, …

Facebook Will Crack Down on Anti-Vaccine Content

As Clark County, Washington, combats an ongoing measles outbreak, Facebook announced Thursday that it’s diminishing the reach of anti-vaccine information on its platform. It will no longer allow it to be promoted through ads or recommendations, and will make it less prominent in search results. The social network will not take down anti-vaccine posts entirely, however. The company also said it was exploring ways to give users more context about vaccines from “expert organizations.” The decision was widely anticipated: Facebook, along with YouTube and Amazon, has faced criticism from journalists and lawmakers in recent weeks for allowing vaccine misinformation to flourish on their sites. Facebook also told media outlets in February that it was looking into how it should address …

You May Have Forgotten Foursquare, but It Didnt Forget You

It’s Thursday afternoon, and I’m on the eighth floor of a nondescript building in the Flatiron District, sitting across from Foursquare cofounder Dennis Crowley. He pulls out his phone to show me an unreleased, nameless game that he and his skunkworks-style team Foursquare Labs have been working on. Think Candyland, but instead of fantasy locations like Lollipop Woods, the game’s virtual board includes place categories associated with New York City neighborhoods. There’s a Midtown Bar, a Downtown Movie Theatre, Brooklyn Coffeeshop, Uptown Park, and so on. As in Candyland, you move your game piece forward by drawing cards. But in Crowley’s version, the cards are the habits and locations of real people whose data has been turned into literal pawns …

Turn Traffic into SALES (with Smart Chat Automation) use 3D Chat Agents

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Herb Kelleher, Southwest Airlines founder, dies at 87

New York (CNN Business)Herb Kelleher, the eccentric founder of Southwest Airlines, died Thursday. He was 87. Kelleher was a young lawyer living in Texas before leaving his firm to start Southwest in the 1960s with the goal of providing low-cost transportation among Houston, Dallas and San Antonio. But then-competitors Braniff, Trans Texas, and Continental Airlines fought to keep his startup out of the skies with a temporary restraining order. Kelleher personally fought the ban, without charging a penny in legal fees, all the way to the Supreme Court of Texas, which eventually ruled in favor of Southwest. The company — which has become known for its cheap fares, lack of seating assignments and all-coach cabins — began flying in 1971. …