Stocks up, wages up, unemployment down. How could the Midterms be close?

As a financial writer in real life, I find it odd that the economy is not being ballyhooed by the Republicans more during this Midterm election. Or should I say not mentioned in the media more.

Stocks, as measured by the Dow Jones industrial average, are up 25% since President Trump was elected.

No the only focus the stock markets get nowadays is the recent gyrations in October, which also overshadowed the latest wage data showing a pay raise of more than 3% according toLabor Department data released Wednesday. The wage gains make sense since there is now a decades-low unemployment rate.

An argument could be made that the recent stock pullback story has much to do with a concern that the Democrats could possibly win the House of Representatives.

Certainly Wall Street has a growing concern that Rep. Maxine Waters could take over the leadership of the House Banking Committee. The same Maxine Waters who told protestors to go after Administration members of Republican members of Congress if you see them in a restaurant or the movie theater.

It’s not a question of impeachment, because that will never be in the cards, since the Democrats will never have enough votes to get charges brought and passed onto the Senate. No the real question is what do the Democrats stand for economically?

There’s very little evidence of any economic platform or any platform except being anti-Trump. But no one calls them out on this.

A perfect example of this is in San Francisco, where the Democratic Mayor and city council want to raise real estate and business taxes to stem the tide of growing homeless people defecating in the streets among other quality-of-life issues.

Left-leaning Silicon Valley firms like Google and Amazon among others are squawking over having to pay more taxes. Threatening to move out of the city if they are forced to pony up cash to alleviate a problem they caused by moving in and distorting the cost of housing in the Bay Area.

So where is the left’s economic thought? Clearly tax and spend doesn’t resonate with its biggest boosters — California tech companies.

And I would say it does not sit well with many institutional investors as well.

Advertisements

Silicon Valley shareholders take big hit for firms’ political partisanship

The Silicon Valley giants are getting knee-capped in the stock market as the premise of users privacy violations pile up on the largest social media firms.

Alphabet’s Google, Facebook and Twitter have all seen shares beaten up  over the last two weeks as they all announced user information was not protected and distributed to third-party vendors.

Third-party vendors is code for outfits like Cambridge Analytica, which take demographic data to target political and marketing advertising to users. These data mining firms make 100s of millions of dollars selling this data.

The data is still highly coveted by political campaigns despite the Facebook/Cambridge Analytica scandal in the 2016 presidential election. While outrage at the actions was loud actual legislation was not forthcoming since both parties crave the information.

Google’s breach was so troubling that the company closed down it’s Google+ social media platform. The bigger problem was that Google hid the breach for months in order not to have the government bring further action against the company.

It’s reported that the government’s ears and eyes through the NSA have all the data that was compromised and where it was sold and to whom.

While most of the news coming out about draining the swamp is dealing with career political appointees operating outside the law within government agencies, this data has real-world, actionable ramifications. Public companies have shareholders, who suffer losses as these Silicon Valley firms get involved in partisan politics at the levels inferred by these actions.

You can’t say you saw this post on Reddit anymore

If you rely on Silicon Valley firms for a branding campaign on social media and you have a Republican bent to your thoughts, you are either screwed or soon to be.

The takedown or censorship of Trump supporting voices on social boards accelerated Wednesday with the wipe out on Reddit of the subreddit Great Awakenings.

In a matter of minutes all traces of a robust board vanished along with all traces of any posts or interactions related to the forum.

This goes way beyond shadow banning. It wipes out primary research and the alternative first draft of history. In a media world of super concentrated voices and opinions, what Reddit suppressed was equal to a book burning in the town square.

To silence the views of those not in lock step with Silicon Valley’s very literal liberal bias. Look at this recently released video from Breitbart, showing Google execs (Sorry I don’t use Alphabet, since no one knows the name and it was really just a tax scheme to add a parent company to Google) ruminating the Friday after the 2016 election. The hand wringing of Sergey Brin saying he is “deeply offended” by the election of President Trump. Later on an HR execs speaks about how Google employees may want to work from Canada. Not sure if they handed out crying towels as workers filed in?

Into this environment we cast our words, thoughts and opinions. It’s as if Hillary Clinton won the election.

Into this void, the Justice Department is looking into Silicon Valley’s silencing of conservative voices. What we need is a Teddy Roosevelt-type trust buster to say these companies are not working in the public good and since they employ the use of the public network they need to be regulated.

I’m usually not for regulation generally, but these firms have brought this upon themselves with their biases showing at every turn. While each social media site has its own unique way of censoring or corralling alternative voices or ideas — most unbeknownst to the user, the wipe out of entire communities of conservative voices shows that Silicon Valley has no regard for level playing field or freedom of speech when that speech is not theirs.

How brazen are the Silicon Valley firms to think its our platform we will do what we want. Ma Bell thought the same way until Federal Judge Green came along and broke them up to little pieces.

Let’s get these censorship cases in front of a new Judge Green quickly.

(Editor’s Note: I’ll be attempting to post this on Voat.co in theawakenings forum.)

Investors are extracting themselves from FAANGs

Silicon Valley could do nothing wrong for the last decade.

New technology, products, apps and personalities took shares to all-time highs. The FAANG stocks (Facebook, Apple, Amazon, Netflix and Google) forced the Nasdaq to blow past its Internet Bubble highs. (BTW, not a fan of Alphabet rebranding).

Continue reading

Facebook/Cambridge Analytica was a sale not a breach or hack

Here’s what Mark Zuckerberg and Facebook haven’t said in regards to the Cambridge Analytica data breach of 50 million users.

No one is saying Facebook was hacked, so why call it a breach? The Bergs — Mark and Sheryl Sandberg — sold that user information to Cambridge Analytica. This is the sneaky business model of all social media. Continue reading