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The DoJ reeled in a big one

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Fri, May 18, 2018 03:48 PM

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Bumble Bee foods CEO faces up to 10 years in prison for illegal price-fixing. Fri, May 18 Brought

 Bumble Bee foods CEO faces up to 10 years in prison for illegal price-fixing. [The Hustle]( Fri, May 18 Brought to you by [GE]( the future will be printed. Bumble Bee CEO is the latest tuna titan caught in the tangled net of fish-fixing Federal fishermen from the Department of Justice reeled in a fish fit for the trophy case with the indictment of Chris “Catch-of-the-day” Lischewski, CEO of Bumble Bee Foods. Lischewski, the 4th prosecution in an ongoing federal investigation, faces a [$1m]( fine and up to ten years in jail for his alleged participation in a price-fixing conspiracy that has stunk up the seafood industry for years. A whole industry of tainted tuna Big grocers (Walmart, Kroger, and Albertsons) were the first to notice something fishy, [suing]( Bumble Bee, Starkist, and Chicken-of-the-Sea (which control [80%]( of the US market) for keeping tuna prices fraudulently high in 2016. It’s a wonder it took so long for the terrible tunas to come under the spotlight -- in 2007, to “speak for the tuna industry,” the 3 companies created the Tuna Council (I dare you to find a worse front for a massive conspiracy). It must be legit if it’s called a council A DoJ investigation eventually accused the three can-slingers of collusion. Bumble Bee agreed to pay a [$25m]( fine, and two Bumble Bee execs (and one from Starkist) pleaded guilty to price fixing. The frightened fishmongers prayed the penalty would be the close of the case, but vengeful Walmart had only dipped its toes into the crystal-clear class-action waters -- next, it published a fish-list of [56]( tuna-schemers and an expanded list of complaints. If it weren’t for those meddling mega-retailers, they would have gotten away with it, too. Justice is a patient fisherwoman Although shifty ’Schewski’s lawyer claims “vindication will restore his good name…  when the truth emerges,” the slow-n-steady investigation has dredged up more details about the tuna cartel -- and Lischewski’s indictment will likely not be the last. As demand for canned tuna continues to [dry up]( other tuna-slingers better watch their dorsal fins -- after all, the Chicken doesn’t fall far from the Sea. Justice tastes a lot like mercury  YouTube rolls out ‘Premium’ music service in an attempt to drown out Spotify Google is hitting shuffle on its music offerings, [replacing]( its old subscription offering, Youtube Red, with YouTube Music -- a new AI-powered music-streaming service with free and paid versions. Using its never-ending reservoir of data to make a “smarter” clone of popular platforms, Google hopes to take on streaming’s big dogs. But the $9.99/month Premium service has a lot of ground to cover to catch up to Spotify. Giving the people what they already have [$3.4B]( poured into the paid streaming industry last year, with Spotify leading the pack at [75m]( paid subscribers, and Apple close behind at 50m. Now Google hopes to copy their success -- and then optimize it. If imitation is really flattery, then Spotify and Apple should be blushing -- YouTube Music mirrors its competitors from price point ($9.99) to major features (discovery, artist radio, offline options). A struggle to differentiate from competitors -- and itself To poach paying listeners, YouTube Music will use Google’s AI-powered assistant -- which knows more about you than you do -- to curate a [hyper-personalized]( playlist based on where you are, what you’re doing, and what you had for lunch. To get users on board, Google must also differentiate between its own music products. The murky difference between Google Play Music (Google’s music streaming platform), YouTube Music Premium (Youtube’s music streaming platform), and YouTube Premium (previously YouTube Red -- ad-free YouTube + music) is enough to make you pine for your walkman. Just remember it this way: YouTube Red is now YouTube Dead. [Also known as Cat Videos Premium](  Who knew? Apple is reportedly set to station its HQ2 in North Carolina In January, Apple announced its plan to establish a second headquarters that would employ up to 10k additional people wherever it landed. Now, according to local news station [WRAL]( Apple has set its sights on Raleigh, North Carolina. That’s it? No contest? No red carpet? Yep. Unlike Amazon, who has turned the search for their new HQ2 into a highly publicized [sweepstakes]( that would rival most reality game shows, Apple has decided to take a more graceful approach. Because as a wise, turtle-necked founder once said, “Simplicity is the ultimate sophistication.” Or you could take it from the Jobs successor himself, CEO Tim Cook -- who recently told Recode when asked about their search, “We’re not doing a beauty-contest kind of thing.” That’s right, Bezos, stick that in the soil next to the Saguaro cactus that Arizona [gave]( you and grow it (yes, we know they returned it, but still). To be clear, nothing’s set in stone yet The deal still needs legislative [approval]( -- which really means Apple just wants a bill to give them a sweet tax incentive package (there really are no good corporations left, are there?). What exactly the new headquarters will be used for has yet to be announced -- although Apple has [alluded]( to a hub for customer-support reps. OK, we take it back, highly publicized corporate sh*t shows are way more interesting. [Give us the deets](  Qatar pays to keep DC’s Metro running an hour later for the Capitals hockey game Totally lost? We’ll catch you up. See, Washington DC’s hockey team, the Capitals, are in the NHL playoffs this week, and last night they played the Tampa Bay Lightning at home at 8pm. Only problem is, DC’s Metrorail stops running at 11:30pm, which means Caps fans are cutting it close if they wanna make it home after the game. Enter the Qatari government, apparent dark horse saint of hockey goons, who reportedly [swooped in with a $100k lifeline]( to keep the Metro running an hour later for the game. Explain. Metro has partnered with private companies for sporting events in the past, and Qatar has been heavily invested in DC’s infrastructure since around 2010, when they put up $650m to revamp DC’s convention center.  In other words, they were likely on the short list of contacts for a quick cash infusion. And, according to [public records]( Qatar is currently in the midst of a $5m PR campaign to [diversify]( their relationship with the US beyond energy and defense. ‘Diversify’ has been Qatar’s motto for over the past decade Created in 2005, the tiny country’s sovereign investment fund, the Qatar Investment Authority, now [manages about $338B in assets]( -- including media, sports, and real estate investments across the UK, France, Singapore, and America. And when you’re the world’s wealthiest country per capita, you can afford some extra bus fare. [All aboard!](  Stuck in a career rut? Here’s some advice... Last week when we asked all of you readers who switched jobs or industries or careers to send us your pivot stories -- and the mantras that helped you take the leap. Well, we got a ton of emails, and we read every. Single. Dang. One. And guess what? Ya’ll are inspiring. Seriously, your raw reflections on the sometimes long and arduous quest for professional fulfillment made me wanna pivot -- and I friggin’ love my job. *Wipes single tear* [Here are our 20 favorite pieces of advice from readers who pivoted]( If you’re currently scratching the days into your cubicle wall like it’s Alcatraz, consider this your “Get Out of Jail Free” card. -- Wes, Lead Indecision Strategist   friday shower thoughts - When you think about it, beef jerkey is just a cow raisin. - Waldo’s parents are probably worried sick. - College apartments are where furniture goes to die. - Bath tubs are just reverse boats. - A balloon is a celebratory sack of breath. - via [Reddit]( This edition of The Hustle was brought to you by From Gutenberg to 2018: Why printers still rule When the 3D printers first hit hobbyist circles, they were great at making plastic toys... and not much else. But like an angsty teen, 3D printing is moving beyond its childish beginnings and getting serious. It’s even renamed itself: additive manufacturing. Thanks to breakthroughs in additive manufacturing, engineers are now using lasers and electron beams to melt metal dust into industrial products, one layer at a time. Gone are the days of forging, casting, carving and milling. Instead, manufacturers simply design on a computer, then hit print. And no, it’s not some Jetsons future -- it’s a reality. [GE]( is bringing manufacturing into this millenium Earlier this month, GE held an NYC conference bringing together the world’s foremost engineers, scientists, and industrialists to share how additive manufacturing is transforming industries. The conference highlighted businesses using 3D printing principles to build everything from lighter jet engines to custom skull plates for cranial surgery.  The [golden goose]( of the conference was GE’s own efforts to radically redesign engines used in civil aviation. With additive manufacturing, GE engineers were able to reduce the number of parts in their new turboprop engine from 855 to just 12. Yes, they printed a better engine. And that’s just the tip of the printer head. If ever there was a time to get in on the ground floor, it’s now. Learn more about the future of design & manufacturing at [GE Additive](  0 [SHARE THE HUSTLE]( REFERRALS [ YOUR UNIQUE URL Zack Crockett NEWS WRITER Wes Schlagenhauf NEWS WRITER Conor Grant NEWS WRITER Kolby Hatch AD WRITER [Lindsey “Sponsored by Starkist” Quinn]( MANAGING EDITOR Harry Mouval Staff Bikini Waxer [SUBSCRIBE]( [JOBS]( [ADVERTISE]( [EVENTS]( [SHOP]( [Join our Facebook community →]( You opted in by signing up, attending an event, or through divine intervention. [771 CLEMENTINA STREET, SAN FRANCISCO, CA 94103, UNITED STATES]( • [415.506.7210](tel:+1-415-506-7210) Never wanna hear from us again? Break our hearts and [unsubscribe](

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