Virgin Galactic passenger rocket reaches space in test flight

The rocket reached an altitude of 51 miles, meeting the Federal Aviation Administration's definition of space.

Virgin Galactic
  • The rocket, dubbed SpaceShipTwo, reached an altitude of 51 miles on Thursday.
  • Virgin Galactic hopes to soon transport space tourists into the atmosphere on the rocket.
  • The successful test is a landmark for Virgin Galactic, which has seen its fair share of setbacks since it was founded in 2004.
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Walgreens teams up with FedEx to offer next-day drug delivery service

Walgreens now competes with Amazon and CVS in the race to dominate the prescription delivery market.

(Photo by Spencer Platt/Getty Images)
  • The service will cost $4.99 per drop-off.
  • Same-day delivery will be available in some markets.
  • As the population ages and rates of online shopping continue to rise, companies that can capitalize on the drug delivery market stand to earn billions.
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Raising minimum wage to $15 an hour reduces costly turnovers, new study finds

As it turns out, the effects of the minimum wage increase are more nuanced than previously espoused.

(Photo by David Ryder/Getty Images)
  • In 2017, a study came out that claimed raising the minimum wage to $15 an hour actually cost jobs.
  • The same researchers have published a new report this month, which offers new conclusions. Namely, that experienced workers have seen benefits from the pay increase.
  • The new data also suggests, simultaneously, that while there are less new entries into the Seattle workforce, companies have experienced a noticeable reduction in costly turnovers.
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Jeff Bezos defends spending billions on rockets over, say, poverty

At what point does spending billions on rocket technology seem irresponsible to those suffering on Earth?

SAN FRANCISCO, CA - OCTOBER 15: Jeff Bezos speaks onstage at WIRED25 Summit: WIRED Celebrates 25th Anniversary With Tech Icons Of The Past & Future on October 15, 2018 in San Francisco, California. (Photo by Matt Winkelmeyer/Getty Images for WIRED25 )
  • The private space enterprise he founded will be testing even more in the near future, with $1 billion investment by Bezos each year
  • He wants to be seen as "risk taking" and a "needle mover"
  • Watch Blue Horizon's escape module test
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Amazon dumps "stealth tax" on unsuspecting warehouse workers

Amazon raised its minimum wage for US workers to $15 per hour. Then, it took a bunch of other benefits away in what's being called a "stealth tax."

  • Previous to the announced increase in minimum wage to $15/hr., warehouse workers were eligible for production bonuses and stock awards. Those will be terminated when the wage is increased.
  • Amazon claims it's a net gain for the workers, but others disagree.
  • CEO Jeff Bezos still makes $30,000 a minute.
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