"The gig economy is paying off for workers who are already among America's highest earners," the Wall Street Journal reported last week. The story asserted that companies such as Airbnb and Uber likely weren't making much of a dent in income inequality.
The Journal relied heavily on a JPMorgan Chase Institute report analyzing more than 260,000 people who made money providing goods or services on one of 30 "online platform economy" apps.
WASHINGTON (Reuters) – Air strikes, a drop in the price of oil, and counter-smuggling efforts by neighboring countries have combined to cut Islamic State's oil revenues in half to about $250 million per year, a senior U.S. Treasury official said on Wednesday.
A U.S.-led coalition has targeted the ultra-hardline Sunni Islamist militant group with airstrikes since it seized control of parts of Iraq and Syria in 2014. The U.S. military launched an intensified effort in October to go after its oil infrastructure in hopes of cutting funding to the group, which U.S. officials call the wealthiest terrorist group of its kind.
