The Daily Populous

Monday August 26th, 2019 night edition

image for Bezos and Musk’s satellite internet could save Americans $30B a year

Recently, Amazon chief Jeff Bezos’ Blue Origin pulled back the curtain on its space intentions by announcing Project Kuiper, a 3,236-satellite constellation.

These low Earth orbit ventures have the potential to dramatically shift the broadband internet market and save consumers $10s-of-billions of their own.

My colleagues and I have analyzed US market pricing data which suggests that the technology could save Americans more than $30 billion per year.

LEO satellites promise to bring low-latency broadband internet to millions of Americans.

The arrival of this technology is likely to drive down monthly internet prices for hundreds-of-millions of Americans.

Extrapolating this additional competitor across all US households, the introduction of LEO satellite internet could save Americans over $30 billion.

The remainder of Americans with four or more providers could save an additional $4 billion, pushing the savings to $18 billion. »

Trump will be blamed for a global recession if he continues his trade war with China, says Boris Johnson

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Donald Trump told to end his trade war with China or risk being blamed for a global recession.

"Those who support the tariffs are at risk of incurring the blame for the downturn in the global economy," Johnson said.

Donald Trump risks taking the blame for a global recession if he continues his trade war with China, the UK prime minister Boris Johnson said ahead of their meeting at the G7 summit. »

'THIS WEEK' EXCLUSIVE: Joe Walsh announces Republican primary challenge against Trump

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Conservative firebrand former Illinois Rep. Joe Walsh announced Sunday with ABC News Chief Anchor George Stephanopoulos on ABC's "This Week" that he's launching a long-shot Republican presidential primary challenge against President Donald Trump.

Republican National Committee Chair Ronna McDaniel told ABC News in response to Walsh's announcement, "President Trump enjoys unprecedented support among Republicans.

Republicans are firmly behind the president and any effort to challenge him in a primary is bound to go absolutely nowhere.". »

Two Los Angeles Pharmacy Owners Found Guilty in Multimillion-Dollar Health Care Fraud and Money Laundering Scheme

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A federal jury found two Los Angeles pharmacy owners guilty yesterday for their participation in a $35 million health care fraud and money laundering scheme to bill Medicare for medications that were never provided and to launder the proceeds of the fraud.

After an 11-day trial, Aleksandr Suris, 51, and Maxim Sverdlov, 44, both of Sherman Oaks, California, were found guilty of one count of conspiracy to commit health care fraud and one count of conspiracy to commit money laundering.

Suris was also found guilty of one additional count of conspiracy to commit health care fraud and six additional counts of health care fraud. »

Spain builds submarine 70 tons too heavy after putting a decimal in the wrong place

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And a former Spanish official says the problem can be traced to a miscalculation — someone apparently put a decimal point in the wrong place.

“It was a fatal mistake,” said Rafael Bardaji, who until recently was director of the Office of Strategic Assessment at Spain’s Defence Ministry.

The Isaac Peral, the first in a new class of diesel-electric submarines, was nearly completed when engineers discovered the problem. »