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Toronto van attack suspect declared 'Incel Rebellion' in chilling Facebook post

Toronto van attack suspect declared 'Incel Rebellion' in chilling Facebook post

World
Alek Minassian apparently wrote a chilling post on Facebook about an "incel rebellion," an abbreviated term for "involuntary celibate," minutes before he allegedly mowed down mostly female pedestrians with a rented van in northern Toronto Monday, according to police. The 25-year-old Canadian appears to have a limited presence on social media, including the single post on his Facebook account, which was taken down soon after Monday's attack. In the post, he praises Elliot Rodger, a 22-year-old student at the University of California, Santa Barbra, who killed six people and wounded others before killing himself in his car four years ago. In several YouTube videos, a blog and a 137-page manifesto created before the 2014 rampage, Rodger lamented about his "loneliness" and he appeared baffle...
Your local post office could become a bank if this bill passes

Your local post office could become a bank if this bill passes

Finance
Senator Kirsten Gillibrand, D-N.Y., is proposing legislation aimed at putting an end to current payday lending practices by giving some banking services a new home: the U.S. Post Office.The legislation, called the Postal Banking Act, would make retail banking services available at all U.S. Postal Service locations. That amounts to 30,000 post offices nationwide.Services would include small-dollar loans for consumers that offer low fees and low interest rates.Those transactions would compete with payday loans, a short-term advance that typically comes due with your next paycheck.The terms for payday loans are often unfavorable, said Alex Horowitz, senior research officer for the consumer finance project at Pew Charitable Trusts, an independent research organization.About 12 million individu...
Q&A: Trump, the post office and Amazon

Q&A: Trump, the post office and Amazon

Technology
A task force will study the U.S. Postal Service under an executive order from President Donald Trump, who has spent weeks criticizing online retailer Amazon and accused it of not paying enough in shipping costs. The order doesn't mention Amazon by name, but Trump has tweeted that the company should pay the post office more for shipping its packages. "Only fools, or worse, are saying that our money losing Post Office makes money with Amazon. THEY LOSE A FORTUNE, and this will be changed," he tweeted earlier this month. The U.S. Postal Service has indeed lost money for years, but package delivery has actually been a bright spot. Here's what you need to know about Trump's order, Amazon and the post office: Q: What does the executive order do? A: It creates a task force to look into the post ...
India Post Payments Bank will begin nationwide rollout in April

India Post Payments Bank will begin nationwide rollout in April

Finance
India Post Payments Bank will begin its nationwide rollout in April, the government said on Saturday, refuting reports of revised or delayed timelines. "India Post Payments Bank (IPPB) Expansion Programme continues to make brisk progress and a nation-wide roll-out is scheduled beginning April 2018. No decision has been taken to revise the timelines as reported in some sections of the media," the government said in statement. "Once the proposed expansion is completed, IPPB will be providing the largest financial inclusion network in the country, covering both urban as well as rural hinterland with ability to provide digital payment services at the doorstep with the help of Postmen and Gramin Dak Sewaks (GDS)," the statement added. IPPB will also enable more than 17 crore active accoun...
Consumer Sector Update for 01/11/2018: FNKO, TGT, POST, DAL, LULU, WMT

Consumer Sector Update for 01/11/2018: FNKO, TGT, POST, DAL, LULU, WMT

Finance
Shutterstock photoTop Consumer StocksWMT, +0.28%MCD, -0.32%DIS, +1.1%CVS, +1.85%KO, -0.29%Consumer stocks were ending the regular session broadly split between winners and losers, with shares of consumer staples companies in the S&P 500 ( XLP ) rising about 1.4% this afternoon while shares of consumer discretionary firms in the S&P 500 ( XLY ) were riding a 1.4% advance.In industry news:Walmart ( WMT ) traded higher for the first time in three days Thursday after the company said it was increasing its starting wage to $ 11 per hour as well as giving eligible employees a one-time, $ 1,000 bonus and extending its maternity leave.Also today, growth in global auto sales is expected to slow during 2018 from their record-breaking pace seen in 2017, according to a new IHS Markit foreca...