The Ticker

Amazon.com selling $1M Japanese fighting robot

A robot that takes its cues from its operator's facial expressions to shoot at enemies is now for sale on Amazon, suggesting that you can buy just about anything on the e-commerce giant's website.

The Kuratas robot starter's kit is being offered on Amazon Japan for a little more than $1 million.

Standing nearly 13 feet tall and weighing 5 tons, Kuratas looks like something out of a Hollywood action movie.

While it may have the feel of a tank, the gasoline-fueled robot moves at a top speed of 6 mph.

The rider climbs on board the robot, presses a button and slips into the cockpit from which the robot is controlled. Kuratas can also be operated via a smartphone hooked to a 3G network.

The Kuratas doesn't come with weaponry, and some assembly is required, according to the website.

Oxfam: Richest 1 percent to hold half the world's wealth by 2016

Wealth accumulated by the richest 1 percent will exceed that of the other 99 percent in 2016, the Oxfam charity said yesterday, ahead of the annual meeting of the world's most powerful at Davos, Switzerland.

"The scale of global inequality is quite simply staggering, and despite the issues shooting up the global agenda, the gap between the richest and the rest is widening fast," Oxfam executive director Winnie Byanyima said.

The richest 1 percent's share of global wealth increased from 44 percent in 2009 to 48 percent in 2014, the British charity said in a report, adding that it will be more that 50 percent in 2016.

The average wealth per adult in this group is 
$2.7 million, Oxfam said.

Of the remaining 52 percent, almost all — 46 per-cent — is owned by the rest of the richest fifth of the world's population, leaving the other 80 percent to share just 5.5 percent with an average wealth of $3,851 per adult, the report says.

Today

 National Association of Home Builders releases housing market index for January.

TOMORROW

 Commerce Department releases housing starts for December.

THE SHUFFLE

Hub-based law firm Mintz, Levin, Cohn, Ferris, Glovsky and Popeo is expanding its white collar defense practice with the addition of Mark E. Robinson a nationally recognized expert in government investigations and enforcement, cybersecurity defense and a former deputy chief of the criminal division of the U.S. Department of Justice. Bringing more than 30 years of experience in government and law, Robinson will serve as co-chairman of Mintz Levin's white collar defense practice.

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