+ GOP Convention and Trump Support
The Future of Cars (Technology)
Welcome everyone to this edition of Levengood Today. Starting off, we have Rolls Royce, prominent British luxury vehicle manufacturer, unveiling its new concept car. Now this one I have troubles with, because after viewing the comments to several YouTube videos of the trailer and the concept of the car, everyone has been saying it, the car is horrendously ugly. I think that it looks cool, futuristic, and as a futurist, how most cars will probably look in the future, but let’s focus on the article for now. Now, when launching, RR said the goal for the car was for it to be self-driving, smart, streamlined, and to make a grand entrance and exit wherever it goes.
One can assume that the vehicle will me electric powered, but as the car, according to the manufacturer, would be unlikely to come out until the late 2040s, they are still unsure of how exactly it will operate. Obviously the car is just an idea that is currently unfeasible, I mean, a holographic red carpet, and a roof that lifts right off the car? Probably not going to happen overnight. The car is described as being about 20 feet long, and is likely to be fully customizable to a certain degree, by the purchaser of the car. There are not many other details I can share with you, but if you want to know more, you can follow the links below.
Visa Card No Good? (Business)
One of the favorite home improvement outlets of America, the Home Depot, is now threatening to sue credit card companies, Visa and MasterCard, under supposed anti-trust claims. The idea is that Home Depot believes using a PIN number along with the credit card is the most secure way of payment, and the best way to avoid fraud, however, Visa and MasterCard disagree. Both believe that a card and a signature is all that are needed for secure transactions. Credit card companies, on average, get more money from transactions that involve signatures, and Home Depot believes that the security of their customers is more important than Visa or MasterCard’s profits, so businesswise, a standstill was expected. Another major company you’ve probably heard of, Walmart, has recently filed similar claims against the credit card companies as well. Running the signature system of Visa and MasterCard costs more money in fees than a simple PIN network, and that means less money for Walmart. For a company with about six thousand stores and over two million employees worldwide, these fees naturally jump up into the billions and dips into their profit margin. Unexpectedly, small businesses are even fighting on their side. So this goes to show you how bad the fees currently are or could be in the future. I’ll leave it there for now, but you can view the link bellow for more information, and if this heats up, I'll definitely talk about it again.
Republicans against Trump? (Politics)
UPS, Wells Fargo, Ford and many other companies that sponsored the Republican National Convention last election, in 2012, have all suddenly dropped there sponsorships. No heads of any of these company’s would say as to why there support was pulled, but many believe that it has something to do with the practically unanimous winner of the Republican Primary, Donald Trump. Many believe that it is the beginning of the end for Trumps campaign, saying that he just won’t shut up, and that this week will be the week that goes down in history as the week where he lost the race. One could point to the Orlando shooting as a recent event of many under Trump’s belt where he just acts “to republican”, as he threatens to ban immigration to the country for Muslims, or something else that gets the liberals of the country fired up. Many democrats are starting to rally under Hillary Clinton, but many republicans still find it difficult to follow Trump after the many scandals, and charges he’s faced. At this point in the election, it’s hard to tell exactly where everything will fall over the course of the next five months. If we are to believe trends prior, than Trump and Clinton will be the party nominees, and both will be on pretty much equal footing for who will win the White House, but more recently with Trumps... open book attitude, it’s been hard for many to continue to support him. As I said before, it is still hard to call, so for now, you can reference the articles bellow for more information.
(LA Times, Bloomberg)
Thank you for reading today's Levengood Today. There will hopefully be one tomorrow, and the day after that. Life threw me a curve ball yesterday, but everything should return to normal in the next few days. PS, there will hopefully be a new editorial this weekend, so keep an eye out for that! See you tomorrow.
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