Tag Archives: money

Jeff Bezos will step down as Amazon CEO: will Exec Chair position allow remote control?

All signs point to continued involvement, or?

Founder and CEO of Amazon, Jeff Bezos has announced he will step down and become executive chairman.  Andy Jassy, the current cloud computing chief, will become the next CEO stated for the third quarter. 

Read more: Spacex’s Starlink Broadband Speed Goal just went into the Stratosphere

During the pandemic and recent holidays, Amazon with its warehouses open, recorded sky-high profits reaching quarterly sales over $100 billion.

Read More: Amazon declines to join Google, Facebook and Microsoft in French “Tech for Good Call”

Based on a memo posted for Amazon employees, Bezos noted:  “As Exec Chair I will stay engaged in important Amazon initiatives but also have the time and energy I need to focus on the Day 1 Fund, the Bezos Earth Fund, Blue Origin, The Washington Post, and my other passions.”

Read more: Apple’s Tim Cook: ‘A social dilemma, cannot be allowed to become a social catastrophe’

Or:

Though his Exec Chair position may mean that very little changes going forward, based on the challenging prospects for the huge and much criticized firm it may indeed signal the end of an era.



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Apple’s Tim Cook: ‘A social dilemma, cannot be allowed to become a social catastrophe’

Apple gets serious about exploitative surveillance business models, and it’s about time

Six months ago when we first published “Cracks in The Wall: Apple, Google, Amazon and Facebook Silently Declare Wars Against Each Other” we were worried. Although we firmly believed it was a just war, and that the time was at hand for the rotten underbelly of the internet and, more than anything else, for the business model of Facebook to be excoriated out in the open, using the term “war” in conjunction with Apple seemed over-the-top and even inflammatory.

Read more: Facebook vs. Apple vs. Google vs. U.S. Gov: War of Giants is at Hand

We stuck with the title and now, looking back, it was accurate if not 100% polite. After new privacy features in iOS 14 and macOS Big Sur were made public, Facebook and Zuckerberg took it as an attack on its tracking-first-business model and fought back with some rhetoric about how Apple was going to harm small businesses.

The first feeble attempt at fighting back was a full page ad in the New York Times, the Washington Post, and other outlets, where Facebook alleged: “these changes will be devastating to small businesses” with the supposition that small businesses depend on Facebook’s darling invention; tracking-based advertising, and need it to build their brands and to sell products.

Read more: Apple 32-core M1X chips for Mac Pro are just the tip of the tip of a very important iceberg

Missing from this self-serving logic is the price of this form of targeting and data collection – in dollars, literally billions of them charged to those same small businesses, and in the cost to virtually all “users” who’s privacy is sacrificed with little to no consumer benefit and many, many potential detriments.

This is not just some sort of scrap between rival companies, it’s all our futures at stake

With the salvo of clear and decisive comments made by Tim Cook at the Computers, Privacy and Data Protection conference, and in interviews with various magazines, the righteous and timely battle against demonstribly evil internet business models is for real now, with the unnamed but obviously targeted Facebook at the top of the list.

The quote from Tim Cook in the title above exactly captured the current reality: the excellent documentary titled ‘The Social Dilemma’ did not go nearly far enough in exposing the danger of surveillance based business models that should not be allowed to exist

Read more: The Social Dilemma 2.0: Follow the Money Edition

As if Facebook has ever been a friend to small business. The concept that has been clear for many years is that the surveillance capitalism, for the most part invented by Facebook, that Apple is now declaring war against, was always an obscene and disastrous one for every person on the planet, other than Mark Zuckerberg.

“If a business is built on misleading users, on data exploitation, on choices that are no choices at all, it does not deserve our praise. It deserves reform,”

Apple CEO, Tim Cook, speaking at the Computers, Privacy and Data Protection conference

However, with a vast power over almost all digital advertising (sharing, with Google, more than 70%) and no competition to speak of where anyone could go for “social media” access, 3-5 years ago it was hard to imagine how anything could slowdown, let alone stop, Facebook’s inexorable rise.

In what will be a huge theme for this decade, only giants can fight and hope to win against other giants.

Right now, as of Tim Cook’s declaration of war on the “data-industrial complex” and with numerous anti-trust and other legal actions against Facebook pending, it suddenly seems plausible that a real change, a much needed change, could finally come in the way that human beings communicate via that immense network of devices we call the internet.

“Technology does not need vast troves of personal data, stitched together across dozens of websites and apps, in order to succeed.”

— Tim Cook

In an exclusive interview with Michael Grothaus at Fast Company Cook stated: “In terms of privacy—I think it is one of the top issues of the century, we’ve got climate change—that is huge. We’ve got privacy—that is huge. . . . And they should be weighted like that and we should put our deep thinking into that and to decide how can we make these things better and how do we leave something for the next generation that is a lot better than the current situation.” (emphasis mine)

This statement, though perhaps hyperbolic to some, is at the heart of our coverage of Apple, Google, Facebook and “Big Tech” in general over the last few years. In fact, this idea can go further and deeper as… “privacy” is just the tip of the iceberg and the predatory infrastructure that the data-collection and exploitation business model enables is even more dangerous and is a threat to the entire economy.

Of the new “Big 5” (Apple, Musk, Facebook, Google, Amazon) only Apple and the affiliated Elon Musk enterprises actually have proprietary products or products and services that benefit humanity in a concrete way.

Elon Musk has sustainable energy and sustainable transportation as stated goals of Tesla, while SpaceX, has reaching Mars (to give earthlings a second planet available in case we screw this one up) and, now with Starlink, building a second broadband internet backbone in space.

Apple, while on the one hand being inadvertently responsible for both Google and Facebook in different ways (more on that soon in a subsequent post), is at the heart of the real reason why internet business models and structures are key to our survival and to humanity’s ability to survive and reverse global warming by evolving, enhanced communication.

Apple is no longer just an electronic device maker. Software, hardware, A.I., possibly an electric car, and services are all merging and reaching what we call “Apple Singularity”. Apple has the potential to trigger a monumental shift in the ways we communicate online – networked human communication – away from the trash-filled nightmare of the present day – where three obscenely massive companies: Facebook, Google and Amazon, have built business models that do not rest on innovative products or services but on predatory systems that enslave users, gouge small businesses and do very little in adding benefit to humanity as a whole.

“At a moment of rampant disinformation and conspiracy theories juiced by algorithms, we can no longer turn a blind eye to a theory of technology that says all engagement is good engagement — the longer the better — and all with the goal of collecting as much data as possible. It is long past time to stop pretending that this approach doesn’t come with a cost — of polarization, of lost trust and, yes, of violence”

Tim Cook

What the three massive deadbeats do is make a small handful of individuals and shareholders very rich. Fortunately, the issues with these business models are finally being questioned. But this is only the beginning.

The unthinkable is now at least possible to imagine: a world where Facebook does not have unlimited power to take, and profit from, our data

Once a real understanding of the degree of inferiority of these models, when measured by the costs vs. the benefit to humanity itself, becomes clearer, the government regulation and involuntary changes forced by the market will begin and quickly accelerate.

It is the combination of the lack of substance or concrete contribution by firms with a predatory business model casing the harm, in ways that are partially invisible, up until now, and make them so dangerous.

The danger is social, political, and in then end affects our economy and the lives of nearly every person who uses the services of those companies. Which is very nearly the entire population.

The economic damage that is being caused by the business models invented by these companies is, much like global warning, so massive that it threatens the entire planet, but the lack of attention we are giving it is based on ignorance of the magnitude of the danger.

Apple and Tim Cook’s perspective is extremely important and key to lighting a spark to ignite fires that will burn away that ignorance. The “big-tech” world that Apple, led by Steve Jobs, had a huge hand in creating, desperately needs a shake up and it needs to start now. This has nothing to do with a handful of huge companies fighting over control of the internet – it’s not about one winning, it’s about further damage being stopped, and a new, better internet being allowed to emerge.

Now, Tim Cook and Apple are beginning a long battle to make that happen on behalf of all of us.


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Watch ‘The Big Short’ and ‘Wolf of Wall Street’ if GameStop Mania has your Curiosity Piqued

Stories from Past Crises can Reveal New Insights as we Encounter huge Challenges

https://movietrailers.apple.com/movies/paramount/thebigshort/thebigshort-onlinespot_h1080p.mov

Right now, the best movies on the financial crises of 2008 and 2000 and stock trading in general are all trending on the streaming rental market, since they are nearly impossible to find on subscription based platforms such as Netflix, HBO Max, Disney +, etc.

As a result, paid views have skyrocketed, for example, on iTunes, where “The Big Short” is #3 and “Wolf on Wall Street” is #4

This surge applies to other films such as the excellent ‘Boiler Room” with Giovanni Ribisi. The films are all excellent and worth paying for if the chaotic craze with huge money gained and lost with GameStop, AMC and the whole Reddit, Robinhood brouhaha has you curious to learn more about the financial markets.

Click to buy “The Big Short” 
and help Lynxotic 
and all Independent Local Bookstores. 
Also available on Amazon.

The reality is sinking in, slowly, that the future is truly unknowable and that big changes and even bigger challenges are looming. Twin shocks of a health emergency and a financial crisis, intertwined and yet with separate trajectories, are still to be resolved in our near future.

And then there’s the myriad of other challenges that were already acute, such as global warming and the “other” epidemic; corruption and greed. It’s almost too much to face up to, and no one can be blamed for wanting to just turn away.

Too much has been glossed over. After the 2008 crisis we all just wanted to put that ugly mess behind us and get on with our lives. I suppose the criminals that netted billions as a “reward” for almost destroying the entire global economy were also eager to just move on.

All that as it may be, perhaps, a way to begin the process of regaining our courage and looking into the future with some kind of hope, or at least a deeper understanding of the human dilemma and historical precedents, might be to enjoy films about small moments of triumph before great adversity. Here are a few recent options:


The Big Short:

https://movietrailers.apple.com/movies/paramount/thebigshort/thebigshort-fte1_h1080p.mov

Barely 12 years ago, the financial collapse and ensuing “Great Recession” was a nightmare scenario. The aftermath of that debacle is also a contributor to the economic dangers we see before us in 2020. This film, likely the best based on that era, highlights how outsiders and misfits were able to prosper, even as they witnessed the corruption, failure and systemic injustice that brought the world to the brink of total economic chaos.

Starring: Christian Bale, Steve Carell, Ryan Gosling and Brad Pitt.

Want know more about shorting? About the shady and complicated scams? And also see an incredible film?

‘Wolf of Wall Street’:

The Wolf of wall street is simply a great movie. It’s even better though if you watch it in the context of stock market mania. Just like the one that’s happening now.

Beyond the fact that the story is incredibly entertaining it does also get into the heart of the “pump & dump” boiler room mentality. While the so called ‘retail investors” who are riding the Robinhood stock purchasing app to what they see as well deserved revenge on Wall Street, and Belfort who was the real life “Wolf of Wall Street” was more of a wannabe that couldn’t get into the establishment.

Read more: Confused about GameStop, Robinhood, Reddit and Wall Street Bets? Check out the Big Short

He then set forth, with chutzpa and insanity and some drugs, built his own criminal empire, there are some very clear correlations between his tricks that made him rich and what the short-squeezing Reddit & Wall Street Bets chat room vigilantes are doing right now.

Can we all be like the guys, Jordan Belfort or Michael Burry, who was played by Christian Bale in the movie, and even though it was about going short, it’s sill ok, cause, Christian Bale?

Read more: GameStop, Dogecoin, Robinhood and Stonks: What’s going on!?

History does exist, even if it happened before your uncle was born

Up until 1934 many things were legal and rampant that today, technically, are not allowed. Insider Trading is the most obvious and best defined, look up Martha Stewart and jail time if you want to know more about that. 

Collusion in the market is another less well known practice, also known as “pump & dump” that has as many variations as Ponzi schemes and, though illegal, will never be stamped out. The technical terms for Colluding in relation to stock trading are “securities fraud” or “market manipulation.”

https://movietrailers.apple.com/movies/paramount/wolfofwallstreet/thewolfofwallstreet-tlr2_h1080p.mov

Not to get technical but here’s an partial excerpt of the legal specifics

15 U.S. Code § 78i – Manipulation of security prices

(a) – (2 To effect, alone or with 1 or more other persons, a series of transactions in any security registered on a national securities exchange, any security not so registered, or in connection with any security-based swap or security-based swap agreement with respect to such security creating actual or apparent active trading in such security, or raising or depressing the price of such security, for the purpose of inducing the purchase or sale of such security by others.

Anthropocene: The Human Epoch

https://movietrailers.apple.com/movies/independent/anthropocene/anthropocene-trailer-1b_h1080p.mov

Read more: “GameStonks vs. Wall Street”: Heroes, Victims and Hogwash

Click to buy “Antrhopocene” 
and at the same time help Lynxotic 
and All Independent Local Bookstores. 
Also available on Amazon.

For a bird’s-eye overview and scientific perspective – Athropocene is a film for those ready to think deeply on how, once beyond the immediate danger, we would want to emerge into a new era as a species. A positive reaction to the current crisis, worldwide, has been a series of ideas and proposals that show a willingness to confront the challenges from an entirely new perspective. Maybe new leadership can mean starting over and making a pledge to try a new approach to literally everything.

‘The film follows the research of an international body of scientists, the Anthropocene Working Group who, after nearly 10 years of research, argue that the Holocene Epoch gave way to the Anthropocene Epoch in the mid-twentieth century as a result of profound and lasting human changes to the Earth.”


Cinderella Man

This Depression era feel-good story takes on new meaning as we see a “Great Depression II” potentially looming. Looking for strength and courage facing forces that threaten our survival, and coming out at the end in a better place, that’s a synopsis and blueprint we can all benefit from observing, even if it’s packaged as a Hollywood vehicle. Russel Crowe at his best. Maybe worth a second look.


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Find books on Global WarmingClimate Change, Sustainable Energy and many other topics at our sister site: Cherrybooks on Bookshop.org

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Picking up Quarters in front of a steam roller: Robinhood, GameStop and the Innocence of Ignorance

Tilting at Windmills as misnomers rule

Lots of confusion on all sides. There’s an internet storm brewing over the “injustice” of various entities – a ridiculous “free” trading app called, of all things “Robinhood”, the hedge funds who shorted an obviously overvalued stock. The army of short-squeezers who are screaming bloody murder that they were not able to cash in at the top (or commit Hari-kari by buying more the higher it goes).

Read more: Elon Musk, AOC, GameStop, Robinhood, Short Selling Hedge Funds

And then every pundit in the world sounding off – all the outrage and chaos with Ted Cruz & AOC & Elon Musk & Chris Cuomo & Mark Cuban and probably every celebrity in the world going nuts all at once by tomorrow and all sounding off like crazy over the “injustice”. Shake it up and shake in down.

Read more: Stonk Traders vs. Wall Street”: Heroes, Victims and Hogwash

The sheer volume of confusion over the “Robinhood Revolution” is staggering. Just wait it will be much, much worse. The depth of the ignorance is truly monumental.

Are there bad guys on “Wall Street”? Plenty. Are the google guys day traders that bid up a worthless stock to “burn” hedge funds and get rich quick heroes? Please.

https://twitter.com/RileyTaugor/status/1355005283622383617?s=20

And an App hilariously named “Robinhood” that charge phantom fees rather than stated charges (low, high or whatever) does no “stealing from the rich” and sure as hell no “giving to the poor”.

The good guys? Wanna buy the Brooklyn Bridge? I’ll sell you whichever one you want.

Traders and “Wall Street Insiders” know that danger is real. The idea of protecting “retail traders” from risk? As they tap into credit cards to buy worthless stocks that they believe they have a right to pump & dump?

And are they good guys cause they should be able to push the price of a stock endlessly higher for no reason whatsoever except that they get off on the letters from the ticker symbols that happen to sound similar to the ticker for a stock that Elon Musk did a two word tweet about (Signal, etc)?

Collusion and getting rich for doing basically nothing should be something that is available to everyone because criminals have gotten away with it left right and center?

That’s the solution? Solution to what problem exactly? And the big heroes are those who coin slogans such as “stocks only go up!”


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“GameStonks vs. Wall Street”: Heroes, Victims and Hogwash

Above: Photo Collage / Lynxotic / Adobe Stock

The story that won’t stop and the very fine people on all sides

No heroes, plenty of villains and lots and lots of nonsense and stupidity. But before getting into the nuts and bolts of this tragic “new” phenomena, take a second and think about all those media stories, in nearly every online media outlet, even hitting local news.

Each “take” on the story has a different slant and spin and almost none go into the boring and complex technical details of stock trading schemes. Most, it appears, are cheering on, implicitly, the “main street” buyers in an imaginary “war” on Wall Street.

[Disclaimer: Nothing in this article should be construed as legal or financial advice.]

That will get you more clicks.

A few will point out that GameStop, the company that is, which has no real prospect to rise from its comatose state into a Tesla-like world beater, regardless of how high the stock climbs for a few weeks or so.

And they will, rightly, warn that in this game, the “innocent” main street “investor” will lose in the end. Those are the boring stories. Not as many clicks for them.

The longer more accurate story of what is going on touches on the Great Depression, the Dot-com bubble, the financial crisis of 2008 and an understanding of stock trading that goes beyond the patience threshold of the general public and the media, even beyond most so-called Wall Street Insiders.

History does exist, even if it happened before your uncle was born

Up until 1934 many things were legal and rampant that today, technically, are not allowed. Insider Trading is the most obvious and best defined, look up Martha Stewart and jail time if you want to know more about that.

Collusion in the market is another less well known practice, also known as “pump & dump” that has as many variations as Ponzi schemes and, though illegal, will never be stamped out. The technical terms for Colluding in relation to stock trading are “securities fraud” or “market manipulation.”

Not to get technical but here’s an partial excerpt of the legal specifics:

15 U.S. Code § 78i – Manipulation of security prices

(a) – (2 To effect, alone or with 1 or more other persons, a series of transactions in any security registered on a national securities exchange, any security not so registered, or in connection with any security-based swap or security-based swap agreement with respect to such security creating actual or apparent active trading in such security, or raising or depressing the price of such security, for the purpose of inducing the purchase or sale of such security by others.

Enter Reddit’s r/wallstreetbets forum. Not saying that there is anything illegal about “loving” a company as a group and choosing to “support” it by buying its shares.

Even if the motivation (false and imagined) is to “hurt” the short sellers in some kind of Robin Hood attack, that’s probably not something the SEC would care about. Short selling professionals can take care of themselves.

Enter another part of history: the allegedly overvalued company effect

Attacking short sellers has become a kind of sport, particularly when it’s about an emotional connection that was partly responsible for a company’s shares being “overvalued” by traditional metrics in the first place. Once “overvalued” therefore, a target to be sold short by traders and hedge funds that believe in quaint things like profit to earnings ratios and the like.

While company’s share prices being “overvalued” is based on opinion and often wrong, there have been recent cases, since the NASDAQ bubble burst in 2000, that have added a somewhat new, larger, twist on the typical understanding of these types of situations.

Bubble is as bubble does

To take the biggest example, there is Amazon (AMZN) which would take a thousand page book to accurately and fully elaborate on, but for the sake of brevity a couple of points could be made.

It is well known that Amazon posted substantial losses for many years while the stock price generally continued to rise. This was attributed to shareholders’ willingness to forgo proof of financial success within the company and persisted in buying & holding in the hope that share prices would continue to rise and that the company eventually would show profits and more success.

All of that seemed to happen, in the case of Amazon, when viewed casually, and now there is a sense, among some, that overvaluation, in “outlier” cases, is no longer a valid reason to sell (or short) a stock. Everybody’s happy right?

The uses of inflated value is a sticky-wicket if you are the loser

Not everybody. Naturally there are many “bad” short sellers who likely lost by shorting Amazon during it’s unrelenting rise since 2000. They are unlikely happy.

But also, and here’s the rub, there were whole industries crushed by the power that came with that “over-valued” stock price that seems, from looking at reams of data, to have been used to finance the selling of goods at substantial losses for “as long as it takes” to damage competitors.

Ultimately, for Amazon, creating a possibly dangerous monopoly (or monopsony, as it were) position with the potential for further damage to not just competition, and the overall marketplace, but to society as a whole.

This is, of course, opinion but ask, if you will, the various agencies in charge of anti-trust actions for further concurring opinions.

Tesla is a whole other story, but a completely unique one

However, the situation is clearly not black and white. An alternate opinion could be held regarding the similar, yet very different, situation at Tesla (TSLA). Short interest throughout the rise? Absolutely. Overvaluation by traditional metrics, yup.

But in this case there is both a technological argument to be made, as well as a geopolitical / moral one, that the company’s wider mission: “Tesla’s mission is to accelerate the world’s transition to sustainable energy” is a more than valid justification for wanting to support the company, in any way possible, including through the purchase of it’s purportedly overvalued shares.

That kind of goodwill is the x-factor that is now being twisted into a justification for pumping GameStop (GME) into the stratosphere, beyond the kind of overvaluations that either Amazon or Tesla ever enjoyed (and that’s saying a lot!) while downplaying the “dump” part of the “pump & dump” scenario.

Of course here’s the tragic part; the dump phase always comes, and in reality, is the whole point. Next… ooopsy, while writing this the dump started with GME in the form of a drop from around $500 per share to $226.

For a sub-$20 stock, of course, that’s still extremely high and there will no doubt be gyrations in both directions before the final drop back to obscurity.

Twas ever thus, but still not nice

But the tragedy is in the idea, bandied about in the media and amplified in social media infinitely, that there are “Robin Hood” actors in this game (not the company but the dude in the forest in the movie).

In the end there may be a few that knew all along that “dump” was an integral and necessary part of pump & dump and I am sure there will be plenty of celebration of their “genius” exploits.

But the focus from any of us in the media should be at the tragedy of those that got lost in the hype and stupidity and chose to offer themselves up to the gods of GameStop, the market and Reddit’s r/wallstreetbets as cannon fodder:

”I was in my early teens during the ’08 crisis. I vividly remember the enormous repercussions that the reckless actions by those on Wall Street had in my personal life, and the lives of those close to me. I was fortunate – my parents were prudent and a little paranoid, and they had some food storage saved up. When that crisis hit our family, we were able to keep our little house, but we lived off of pancake mix, and powdered milk, and beans and rice for a year. Ever since then, my parents have kept a food storage, and they keep it updated and fresh.”

”I bought shares a few days ago. I dumped my savings into GME, paid my rent for this month with my credit card, and dumped my rent money into more GME (which for the people here at WSB, I would not recommend). And I’m holding. This is personal for me, and millions of others.”

”You can drop the price of GME after hours $120, I’m not going anywhere. You can pay for thousands of reddit bots, I’m holding. You can get every mainstream media outlet to demonize us, I don’t care. I’m making this as painful as I can for you”.

ssauron on Reddit

Emphasis mine


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As Trump Flees to Florida, Memes Follow

First a middle-finger toward tradition by skipping the Inauguration, then reactions to the entire debacle begin

So much to unpack – like an abused child we all stand in seeming disbelief as the maniac-in-chief finally recedes from view. Thanks to twitter for giving us a well deserved foretaste of a Trump-less future by deleting his account a week-plus ago.

In typical fashion Trump took a government jet to Mar-a-lago while making sure that Biden did not receive the customary loan of any government jet and had to fly private. Many will take solace in the uncertain and unlikely to be pleasant future for the accused insurrectionist, and still many more have celebrated, how else, with twitter memes specially designed for the occaision. Below we’ve gathered a few:

https://twitter.com/jmckelvey1979/status/1351885127287246849?s=20

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Opinion: With Trump in the Rear-view we are shifting to the Economy, Corona and Climate

The wheels are already spinning towards new challenges brought on by Trump’s actions

With so many challenges facing the US and, in many ways the entire world, even as the bizarre political drama recedes, it may be hard to find even a moment of neutral footing before the next crisis phase begins.

In fact it is in the most “positive” areas, endlessly touted as a triumph, where the first fireworks could be set off. Although many believe that the stock market is in a bubble phase, as extreme if not more extreme than either the “dot-com crash” of 2000 or the real estate collapse on 2008, this is truly the first time a bubble was inflated during a time when a triple threat – political, medical and climate emergencies, was in various phases of unfolding at the same time.

But it’s the forth “leg”, the lone bright spot as it has seems, that could carry a very big danger. With the pandemic still not showing any signs of abating, although there are vaccines being distributed, and the political madness of 2020 looking to begin to fade (at least partially), it is the possibility that the stock market bubble finding it’s “pin” that could trigger the next challenge to Biden and the country as a whole.

Perhaps the various stimulus funds being planned for dissemination can postpone any reckoning for at least a few months, but if that is not the case the situation could become extremely dangerous very quickly.

How the current stock market climate compares to 1999 and 2007

Looking back at the history of both of those bubble-crash cycles there are some notable differences. But there are far more similarities. All the various sentiment metrics and herding behaviors are present in forms, just as extreme, potentially more so.

The actual peak may be in the future, as SPAC entities are joining with traditional VCs to ride the avalanche of FED funds flooding into the money supply.

As was the case in 1999 there’s a momentum – a reflexivity as George Soros termed it, that begins as a smooth wave and eventually a tsunami of self-perpetuating belief in the absurd.

That moment could already have come and gone, it’s only in retrospect that the over-heated irrational exuberance becomes obvious to all. Perhaps the folly of WeWork will be the pastor child, or perhaps something that is just now happening.

Once the tsunami hits the shore, however, it will make landfall on an already devastated geography. After four years of corruption and devastating lock-downs (underplayed just enough to extend the misery) and so many challenges and messes to clean up, there will be a shock to the financial system that is unlike anything seen in 2000 and 2008.

A trillion plus dollar bail out after several (three?) have already been set in motion for other rescues and attempts to reinvigorate the economy, will be a hard and dangerous method to use, although it “worked” in the first two bubble-crash scenarios.

The big picture may look endless grim but the hope is in the change

Without a doubt the one thing that would like arise from such a nightmare scenario, similarly to the pandemic and the climate crisis, is that deep and irreversible change on a massive scale will be needed to begin a new phase of recovery.

Just as there’s a “bottoming out” that has to happen when a person finally confronts addictions and other self-destructive behaviors, humankind as a whole will be forced to make severe and lasting changes in order to overcome what will seem like an escalation of woe, at precisely the moment that a happy, sunny return to “normal” is anticipated

While all of this sounds dire, there are few today, who are paying attention, who would not say that massive change is needed. In politics, in business, in the economy, in healthcare and, of yes, in our response to existence level threats such as the climate crisis, we need, more than anything else to change.

Perhaps a downturn in a fantasy filled stock market bubble is just the pin prick that we need to wash away the negative trends of the past and begin from a new perspective that recognizes just how different our organizing principals need to be, as a species, in order to not only survive, but to do so in abundance.


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Apple Car Confirmed: talks with Potential MFG Partners including Hyundai underway

Above: Photo Collage Apple / Lynxotic

Following leaks and rumors, a more definitive statement from Hyundai

In December 2020, a Reuters story cited sources with knowledge of the project to confirm the existence of the long rumored “Project Titan” otherwise known as the “Apple Car”. Now, based on a statement from a Hyundai spokesperson, “AppleCar” is moving forward in the form of discussions with potential manufacturing partners.

Hyundai also confirmed to CNBC that discussions with Apple has begun, but added the caveat that they “understand that Apple is in discussion with a variety of global automakers, including Hyundai Motor. As the discussion is at its early stage, nothing has been decided.”

This hesitation could stem from the possibility that the initial statement may have been interpreted as hinting that an agreement could be imminent, sending Hyundai’s stock 23% higher. The surge in the price followed a  report by the Korea Economic Daily which had implied that Apple suggested the tie-up and Hyundai Motor was reviewing  terms.

Apple doing what Apple does

Even after the Reuters report in December, many were still skeptical, and today the time frames being discussed are very conservative mentioned a 7 year time horizon, even while the Reuters report mentioned at least the possibility, however remote, that 2024 could see an actual release onto the consumer market. 

It is historically established that Apple often enters established markets for specific products and, in may cases, makes a ultra high quality, uniquely “Apple” version. EVs are now firmly established as the future of individual sustainable transport, but with Tesla having set the quality and popularity bar as high as it has, Apple will have a challenge ahead of it to produce a likely self-driving fully realized electric vehicle to match the state of the art in 2024 and beyond. 

At CES 2020 Hyundai unveiled new technologies they already have in development, such as EVs, driverless and even flying cars.

The fact that Tesla founder Elon Musk is now the richest man in the world, after removing that title from Amazon founder Jeff Bezos, is not a factor in the “race” to build the best software and hardware for the future of EVs, but is an added dramatic fact that serves as a backdrop to the intrigue.

And hey, wow, imaging having a variety of non-polluting, sustainable energy vehicles to choose from by the worlds top manufacturers and with Apple and Tesla battling it out at the high end to provide the best and most desirable.


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Apple Innovation in 2021 and Beyond

Apple had a big year – but how big will first become apparent in 2021

By now, it is not unexpected for the latest iteration of the iPhone, iPhone 12 in this case, to do well and even best the competition across the board in any given year. While it is nearly an automatic ritual that doubt will be cast, and the demise or at least diminution of the iPhone and Apple are predicted, nearly every year the opposite in the case.

Read More: Apple 32-core M1X chips for Mac Pro are just the tip of the tip of a very important iceberg…

This year was different. There was plenty of doubt – but the surprise announcement of the M series of chips for mac and the even more surprising benchmarks and performance improvements pretty much obliterated the doubters. 

Not only that, but a layer beneath that headline news was a secondary layer of innovation and areas where long planned improvements came to fruition.

The first steps into a massive multi-year system software transition, one that will eventually merge the mobile operating systems of the iPhone, iPad, Apple watch, etc with the mac, moved seemingly ahead of schedule, with the huge improvements in iOS 14 and macOS Big Sur.

And all the various services such as Apple TV+ and many other offerings made huge strides as well. 

As a matter of fact, a list of all the upgrades, added features and new services and products would be so long and varied that the transcription is beyond the reach of a simple article such as this one. 

However, that alone is not where some of the biggest changes and most surprising evolutions have occurred. The real “action” so to speak is in the integration and unexpected by-products of the merging and deepening of all the new features and settings. 

Take for example the macs that feature the M1 chip. It is not the chip itself, not even the new operating system that has the most impact on the performance or usability of the machines. 

It is the integrated functionality of the various elements of the chips – Apple M1,  the first ARM-based system on a chip – composed of several different components including the CPU, GPU, unified memory architecture (RAM), Neural Engine, Secure Enclave, SSD controller, image signal processor, encode/decode engines, Thunderbolt controller with USB 4 support, all of which are made more powerful by the continuously upgraded software system.

This – a kind of invisible interactive and synergistic ecosystem – not only has at it’s heart the “whole widget” philosophy legacy of Steve Jobs, but also a new and insanely futuristic definition of “whole” which now includes these proprietary Apple chips (CPU, GPU, NE), plus A.I. / machine learning and system core operating as one continuously evolving and reinforcing “unit”. 

The future is already here, we just don’t see it like fish, maybe, never heard of a thing called water…

This new concept of the constantly increasing potential advancement in efficiency and power is not only the new standard basis for what constitutes computing technology at Apple, but will emerge as the ultimate re-definition of what “power” in computing means at all.

Similar to the internet – where the evolution and development is at stone age levels compared to where it will (and must) eventually reach in decades and even centuries, computing (or “personal” computing as it was dubbed in the last century) is also in very early and very primitive stages of evolution and this next step represents an early beginning, not a destination or accomplishment of a goal. 

Even Apple has stated that the initial transition of a unified operating system shared by mobile and desktop / laptop devices, iOS / macOS, will be years still in development and implementation. 

Meaning, in 2024 we may see the first real life trails and dissemination of a new kind of computing system, and, more importantly, computer assisted communicating, made possible by the complete integration of these hardware, software and A.I. advances. 

Just in time, because the threats of global warming, pandemics, political upheaval and economic disaster need, more than anything, enhanced learning and communication that can be aided, we must fervently hope, by improved digital tools. A better bicycle, so to speak. 


Fortunately, Apple has our back on this. And in 2021 more, much more will be revealed, if 2020 was any hint, of an exciting future not just for technology, but for the creative uses of it for the betterment of humankind. 


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Trump threatens to Veto $900 Billion Stimulus Pkg. unless payout raised to $2000

https://video.twimg.com/amplify_video/1341566152279879681/vid/1280x720/Vy_MHMChhozX7CCA.mp4?tag=13

Once more defying logic Trump insists the Democrats are right for wanting bigger checks

In yet another bizarre missive, this time via video, the long fought battle over the 2nd coronavirus relief package is suddenly sent into a chaotic last minute re-do. Trump called the $600 check amount and other aspects of the current bill a “disgrace, at once criticizing the paltry sum and also stating: 

“It’s called the Covid relief bill, but it has almost nothing to do with Covid, Congress found plenty of money for foreign countries, lobbyists and special interests while sending the bare minimum to the American people.”

Just how odd this announcement today is underscored by the fact that House Speaker Nancy Pelosi, who along with Democrats had, for months, pushed similarly sized checks, reacted positively to the announcement:

“Republicans repeatedly refused to say what amount the President wanted for direct checks. At last, the President has agreed to $2,000 — Democrats are ready to bring this to the Floor this week by unanimous consent. Let’s do it!” she said in a tweet. 

Some have speculated, on twitter and elsewhere, that this was a kind of revenge move by Trump against Senate Majority Leader Mitch McConnell for having the temerity to tell the truth and acknowledge that Joe Biden is the president-elect.  After tweets bashing McConnell, this is an escalation of the same tantrum by Trump. 

Although the bill was passed by a large bi-partisan majority, it’s massive size — weighing in at 5,593 pages — as well as the rush with which it was passed  engendered critics on the left and the right, even as it was passed within less time that many in congress could possible have read it.

Representative Alexandria Ocasio-Cortez, Democrat of New York, likened the rushed vote on so many unread measures to “hostage-taking,” while extreme right wing Senator Ted Cruz, said that it was “ABSURD.”

As has been the case many times in the past, Trump may suddenly sing a different tune at any moment, or the Republican side might defy Trump and refuse to amend the bill. 

Stay tuned for more breaking news, as it will no doubt be  coming down the pike any minute now…


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YouTube Highest Paid List for 2020 out, and yes #1 is 9yrs old

Above: Photo Collage / Lynxotic

Top 10 YouTube stars and their earning power for the year

Most of the 2019 top earners spots have carried forward into 2020 and continue to rake in millions of dollars and subscribers for their video clips. With Ryan Kaji at #1 and Mr. Beast at #2 it appears that the absolute top of the YouTube pyramid, both have a formula that just keeps on going. Both the numbers based on earning and, even more so, views, are absolutely astronomical – implying a kind of snowball effect for the top accounts.

Surprising because of his age, yet at the same time not so surprising, is how 9-year-old Ryan Kaji of “Ryan’s World” has once again placed at the very top of the list for the highest paid YouTuber for 2020.  Starting up in 2015, his videos have since totaled a whopping 43,907,425,279 views (43 billion!).

Last year he earned $26 million and this year he earned a considerable amount more at $29.5 million.  That is a whole lot of money for making videos that show the young boy unboxing toys, creating DIY arts and crafts and science experiments. 

According to Forbes:

“The nine-year-old star is flying high—literally. This November he became the first YouTuber featured in the Macy’s Thanksgiving Day Parade with a float based on his superhero alter ego. It was a marketing ploy as much as it was a thrilling moment for the kids who tune into Kaji’s videos of DIY science experiments, family storytime and reviews of new toys. That’s just the start: The bulk of his business comes from licensing deals for more than 5,000 Ryan’s World products—everything from bedroom decor and action figures to masks and walkie talkies.”

#1 Ryan Kaji

  • Earnings: $29.5 million
  • Views: 12.2 billion
  • Subscribers: 41.7 million

#2 Mr. Beast (Jimmy Donaldson)

  • Earnings: $24 million
  • Views: 3 billion
  • Subscribers: 47.8 million

#3 Dude Perfect

  • Earnings: $23 million
  • Views: 2.77 billion
  • Subscribers: 57.5 million 

#4 Rhett and Link

  • Earnings: $20 million 
  • Views: 1.9 billion
  • Subscribers: 41.8 million

#5 Markiplier (Mark Fischbach)

  • Earnings: $19.5 million
  • Views: 3.1 billion
  • Subscribers: 27.8 million

#6 Preston Arsement

  • Earnings: $19 million 
  • Views: 3.3 billion
  • Subscribers: 33.4 million

#7 Nastya (Anastasia Radzinskaya)

  • Earnings: $18.5 million
  • Views: 39 billion
  • Subscribers: 190.6 million

#8 Blippi (Stevin John)

  • Earnings: $17 million 
  • Views: 8.2 billion
  • Subscribers: 27.4 million

#9 David Dobrik

  • Earnings: $15.5 million
  • Views: 2.7 billion
  • Subscribers: 18 million

#10 Jeffree Star

  • Earnings: $15 million
  • Total Views (from June 2019 to June 2020): 600 million
  • Total Subscribers: 16.9 million

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Facebook vs. Apple vs. Google vs. U.S. Gov: War of Giants is at Hand

Above: Photo ubisoft / Lynxotic

The battle is getting very public and will get louder and nastier

The full page newspaper ads taken out by Facebook, where they proclaim themselves the champion of small business and attack Apple directly are interesting and curious on many levels. 

It will take a series of articles to attempt to untangle the confusions and endless, often intentionally fostered, misconceptions that will most certainly arise in this battle of titans. 

At the heart of the matter is, however, the largest misconception humanly possible, the idea that these monstrously huge companies, and how they operate, are anything at all related to “normal”.

The fact that all of us have seen the role of the internet in general increase over the last 20+ years, and have therefore had to deal with, and in some cases, go through and cooperate with these behemoths, may be the status quo that has developed, particularly in the last decade, but it is without precedent on many levels. 

The size, power and influence is beyond comprehension and this clouds every issue

Before even beginning to contrast one giant against another one must first confront the very existence of entities of this magnitude. It’s fair to say that never in history has such a tiny group of companies, and by extension, individual humans, controlled so much of the economy and so much of that impacts the society and our experiences. 

This chart is not current. If it were the disparity would be far larger and even more astounding:

This information, for a human, is so out of whack that you would have to stare at this chart for days before it could even sink in. And, as it it only a chart of size, built on company market capitalization, the power and influence, which represents and ever larger disparity, is not represented. 

The dominance overall is so extreme as to be humanly incomprehensible. And by all measures the disparity between the big tech firms and “everybody else” grows literally by the second. 

If you are afraid of A.I., you’re too late, the world is already controlled by computers and software via these companies

Facebook is probably the best example to illustrate the problem of market power and dominance on a level that is so far beyond traditional methods of measurement that even government antitrust investigations are barely able to begin to access the potential violations.

“The questions below might seem odd, or even absurd. But what is really absurd is that they are, for the most part, never asked. “

— D.L.
Click Here to See “Automating Humanity
Also Available on Amazon.

The questions below might seem odd, or even absurd. But what is really absurd is that they are, for the most part, never asked. Since the iPhone and later Samsung / Android revolutionized information and photo sharing, it has been accepted as a simple reality that Facebook controls nearly all the “social networking” that is done with that data. Why?

What is Facebook? Most would say they are a “social media company” but that can mean anything you want it to mean. They claim they are in the business of “connecting people” yet they derive massive wealth and profit from advertising, and “monetizing” their network, the largest network of “social users”, by far. 

And if they are interested in connecting people, then what do those people own of the network that they themselves comprise? That would be nothing. 

What say do they have in how they are used to “monetize” the network that they literally “are”? None. 

What trust do they have to surrender to the company, which includes Facebook, Instagram, WhatsApp and more (all controlled 100% by a guy named Zuckerberg)? 100%

“What ‘say’ do they have in how they are used to “monetize” the network that they literally ‘are’? None.”

— D.L.

Who authorized Facebook (or Google) to amass vast databanks of private personal information from a huge chunk of the world’s population, and use that data to amass fortunes of unheard of size using secret proprietary algorithms that they have zero requirement to disclose? Well, technically, users, inadvertently and without understanding, did. Otherwise: No-one. 

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Well, technically all of this was “allowed” via Section 230 of the Communications Decency Act, passed in 1996, and states that an “interactive computer service” can’t be treated as the publisher or speaker of third-party content. This, effectively, protects websites and “platforms” such as Facebook, from lawsuits in the case that a “user” posts something illegal. There are exceptions, for example, for copyright violations, sex work-related material, and violations of federal criminal law.

This fact does not remove responsibility for building a system that gives massive financial benefit to Facebook, Google, etc and very little, in reality, by way of return or influence to the “user”.

It’s as if a man figured out a way to use mental-telepathy to rob banks and could never be caught or prosecuted due to the fact that no one had ever robbed a bank that way before. And then he claimed that he should be allowed to continue doing it forever, with impunity.

Click Here to See “The Age of Surveillance Capitalism
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What would Facebook and Zuckerberg have if the billions of “users” stopped using its network? Nothing. 

How little sense this makes just goes on and on. There could be 100s of pages of similar questions and answers and the end result would be a slightly better understanding of the absurdity of the very existence of such a “service” or company or whatever this is.

Why absurd? In a nutshell, Facebook controls private networks that exist “inside” a more public network called, for lack of a better term, “the internet”. And, because of what could be termed a mistake of history they represent a dominant, near monopoly, in the “space” which in this case is currently called “social networks”.

The dominance and the definition of monopoly can be argued endlessly (and likely will be in the coming antitrust cases) but, in the end, the numbers don’t lie. Only one person benefits, in direct payments of trillions of dollars, from a near monopoly in social networks. The billions of people, the very people who are the network, do not. 

A bleak analysis, perhaps, but is there any light at the end of this tunnel?

The current increase in antitrust cases, both in the US and Europe, is a canary-in the-coal-mine moment and the wars over all the arising issues has begun and will go on for years. 

Read more: The Markup is a nonprofit newsroom that investigates how powerful institutions are using technology to change our society and a great place to learn more about it

The fact that Facebook is heavily advertising that they are the “good guy” while Amazon and Google do the same, is both ridiculous and sad, since “good guys” don’t have to buy ads to draw attention to that fact. 

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And the fact that these companies have already started, both in word and deed, to attack each other directly, is an indication of just how serious and all pervasive these mega-wars will be. This is just the beginning. 

Read more: How Apple Created the Tech Universe and it Finally Makes Sense

While none of the companies depicted on the chart above can be said to be without blame for the world of injustice and malfunction that is the internet, and by extension, our world, there is one company that stands apart from the others in so many ways and for so many reasons that they, amazingly, represent some hope within the madness. 

And, not coincidently, they are the one that is already being attacked, in print and software, as the wars begin: Apple. 

How Apple actually represents hope to clean up the tech universe that, arguably, they are most responsible for having created, is likely a hard sell with those that want to lump all these huge companies together. Because, after all, they are all huge. 

However, nothing could be further from the truth. More on this and other burning questions in our next episode, so stay tuned. 


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New Apple TV+ Series: Jared Leto in talks to play the ex-CEO of WeWork

Above: Photo Collage / Lynxotic

Series of Silicon Valley cautionary tale in development 

Jared Leto could be returning to a TV screen near you. It has been well over 20 years since the show “My So-Called Life” that the actor has starred in any small screen episodic.  This news come with reports that writer and producer Lee Eisenberg and studio exec Drew Crevello are developing a series for Apple TV+ based on the infamous workspace rental startup company ‘WeWork’.  

The series concept is inspired by the 6 part podcast called “WeCrashed: The Rise and Fall of WeWork”.  If Oscar winner Leto signs on to the TV show, he would be cast as the former boss of WeWork, Adam Neumann. 

Neumann, who served as CEO for the company from 2010 to 2019 and later resigned. According to reports at the time, his “eccentric behavior” was one of the main reasons he was pressured to step down.

Leto, who is known for choosing equally eccentric and challenging characters, including his work  in “Suicide Squad”, “American Psycho” and “Dallas Buyers  Club”, could likely more than fit the bill to play Neumann. 

Prior to WeWork’s collapse, it had an estimated value of $47 billion.  The series has been in development since February with Leto currently in negotiations, with additional information to come in the future. 


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Facebook, Google, Antitrust and the All Pervasive Underestimation of the Big Tech Threat

Above: Photo Collage / Lynxotic / Adobe Stock

The opinions expressed “pro” or “con” regarding big tech abuses of power are both overlooking far more serious issues that lie beneath

After years of public and insider opinion gradually shifting from a state of wonder, awe and hero worship of tech giants and their founders and CEOs, toward a more skeptical stance, and now, finally, government action begins; the fundamental issues that lie beneath are still barely mentioned, let alone widely understood.

In a filing at the U.S. District Court in Washington D.C., on December 9th, 2020, the Federal Trade Commission, together with 46 states, plus the District of Columbia and Guam, alleged that Facebook employed anticompetitive tactics, allowing it to bully and bury its rivals. In a strongly worded brief it recommends that the massive company be broken up, specifically by divesting itself of Instagram and WhatsApp.

While past antitrust cases were complex and difficult to understand fully, particularly for the general public, from the little known A & P case in the 30s and 40s to Standard Oil and Ma Bell / AT&T, in each case there were complex issues to address.

However, one simple thing tied them together that could be understood by virtually anyone: businesses that have a win-at-all-costs approach to business tactics and then achieve monopoly power almost always use that power to fulfill ambitions based on self-perpetuating greed at the expense of society as a whole.

Many, from all walks of life, particularly in the U.S., worship the ethos of “winner take all” and even if they are at the lowest levels of the economic ladder still cheer on the most ruthless and morally bankrupt “winners” as heroes, using a bizarre logic, that somehow they might one day see themselves in the winners circle.

This perspective is similar to societies where dictators, such as Ferdinand Marcos in the Philippines, or emperors are worshiped fervently by the very people that are most exploited and downtrodden under their regimes. Perhaps this is a hardwired genetic human trait, impossible to alter.

In the case of tech giants of the internet era, beginning with Microsoft and its antitrust case, a similar dynamic is no less present, and, no different from the steps that dictators take to encourage obedience and worship from their subjects. In this case it’s massive amounts of money and power used for required self-serving PR and the brutal economic repression of any dissenting voices.

Try to find a book on Amazon’s Jeff Bezos that is not a hero-worship nonsense-title purporting to offer you a way to become a “business genius” like him. You will find a few exceptions, of course, these purporting to offer “hard-hitting” investigative journalism and a sober look at the “real facts”.

These will be watered down, meekly subservient, weak and impotent tombs barely scratching the surface of any negative perspectives on the real problems Amazon and its founder have created, not only for millions of people around the world but for society as a whole.

Even among those that are the most incisive and have a real desire to “dig-deep” and reach the roots of the real problems, there is often still the a priori assumption that somehow, the 26 year evolution of business models that could “succeed” in internet and software based business are to be measured on a scale that presumes that the business models themselves are basically valid, simply because they were able to survive and create massive, nearly immeasurable, wealth for a tiny handful of individuals. .

Taking into account the pervasive pro-big-business bias, it is a miracle in a sense, that the public opinion has shifted so far, to the point where antitrust actions can be seen as valid, by enough of the public at large, that these giant monopolistic tech companies are called into question at all.

The miracle, if we call it that, is only a reflection of just how purely evil and out of control the situation has become, and how many people have been harmed, and in how many different ways this harm has occurred.

From teen suicides to thousands of bankrupt and struggling small businesses to privacy rights trampled in the dirt, the list of abuses and harm, if it were ever brought to light, could fill a thousand page treatise and would read like a recounting of the atrocities of war.

And then there’s the fact that the war is fought with computer code and over territory that has no physical address

Much as collateralized debt obligations and other arcane “synthetic” financial products nearly collapsed the entire world economy in 2008, partially due to the intentional complexity, which served only to hide the stupidity, complex computer algorithms are now at the heart of an ever larger and even more dangerous economic debacle that continues to unfold.

And much of the lack of any pushback against this is the simple ability to hide behind the complex computer methods and concepts that have allowed tech giants to build an even bigger and more dangerous kind of monopolistic behavior than even the so called “Robber Barons” of the Gilded Age.

Even those, in government or in the press, who are pushing back are doing so with, apparently, little understanding of the real dangers that are buried in the code and in the tricks used by very sophisticated, technologically educated people in control of these trillion dollar behemoths.

For example, Facebook is already claiming that the government should not be able to question the acquisitions of Instagram and WhatsApp because they already approved the mergers at the time they happened.

In his excellent article published on medium.com , Will Oremus points out:

But I looked up the FTC’s public statements following those reviews, and it states explicitly that the matter should not be considered permanently settled.

“This action is not to be construed as a determination that a violation may not have occurred,” the FTC’s closing letter said. It added, “The Commission reserves the right to take such further action as the public interest may require.” Facebook did not immediately respond to a request for comment.

Also in that article, titled; ‘Competition Is for Losers’: How Peter Thiel Helped Facebook Embrace Monopoly the idea succinctly embodied in the title which refers to a Wall Street Journal piece on Thiel’s book “Zero to One” which he describes as having been “embraced as a business bible in Silicon Valley and beyond” and quotes from including this characterization:

(Thiel) made the case for monopoly as the ultimate goal of capitalism. Indeed, “monopoly is the condition of every successful business,” he asserted. With it, you’re free to set your own prices, think long-term, innovate, and pursue goals other than mere survival. Without it, you’re replaceable, and your profits will eventually converge on zero.

And this provides the context within which the current struggle unfolds. To understand the real dangers of the total domination of the internet, which has become the vital lifeline of our economy and social existence, by a handful of trillion dollar companies, that not only embrace limitless greed and dictatorial status within their industry, but see it as the divine right that they hold, and believe they are entitled to aspire toward without interference.

And in another context such behavior would be known as immoral, destructive to society and social justice, and if the laws are adequate to apply; criminal.

And there’s the rub. The antitrust statutes, possibly already inadequate to take on this new kind of robber, have also been weakened since the 80s. Add to that how the pre-existing biases are heavily slanted toward minimizing any accountability for such behavior and is follows that any real reform must rise from the public at large.

The birth of the internet was anything but immaculate

The tragi-comic farce of the story, when seen through the lens of internet history, is how Facebook, Google and Amazon all followed the same absurd arc.

From “underdogs” with massive losses and no income to ridiculously “valuable” “FANG” members championed from the rooftops as heroic winners of darwinian battles to build out the internet for profit. And, finally, after decades of unfettered expansion, being seen more and more for what they are: profit-seeking scams using each a different method to restrain competition and destroy the most valuable asset humanity has ever built: the internet itself.

The complexity of the scams is still the most useful cloak for them to hide behind, each with a different insanely complicated way to force what is a public asset, the internet, into a tool for private greed, at the expense of any real innovation. And the victims are not the competitor firms that they might have destroyed (or bought), but rather the entire population of any territory that they control, with North America being the center of the empire.

The question asked for example of Google or Facebook should not be, “do they provide any services from the public can benefit, in exchange for their obscenely privileged monopoly control over “search” and “social networking”, respectively. The question should be “are they the best possible solution, from the perspective of what is in the best interest of society, for those extremely important functions in our new digital world.

It is not enough to say that “consumers have chosen” each as their go-to tool. If any company or group of companies could do a better job of enabling humanity to communicate, interact and become educated via the internet, why should those other solutions be buried forever under a mountain of greed and self-interest?

This is the infinitely elusive point: No different than Bernie Madoff, the damage they have wrought, by destroying what could have been, will only be understood once they are either gone or forced to cease what they depend on for domination, which would lead to their ultimate demise over time, just as Peter Thiel himself stated:

Without (a monoply), you’re replaceable, and your profits will eventually converge on zero.

Or as Jeff Bezos explained, in what his become his predatory raison d’être: The competition is always one-click-away. This makes every other online seller, in his view, an enemy that must be destroyed at all costs, no matter how small, no matter how weak.

In this sick paranoid view of the world it is truly an all or nothing struggle for survival, with death of all competitors, literally and figuratively, the only acceptable outcome.

With this mindset at the heart of these companies, and with the government and most of the press taking a milk-toast submissive approach (in contrast) the struggle to rein in these monstrous, utterly corrupt empires, will take years if not decades.

However, 2020 will always be seen as the beginning of the end the the gruesome mistake of history that these companies represent.

Companies that achieved dominance and monopoly control of a system meant for public benefit, through the most destructive methods they were able to devise, and then redoubled efforts infinitely to expand using those same destructive and corrupt methods.

In the end there is only one power large enough to intervene, as already at their current size, and while, like a virus, they double in power and economic domination almost annually, and that is the power of the billions that use their platforms everyday. Change will arise when they have damaged themselves by damaging the very societies they prey on, and once damaged, those societies will have no choice but to shed them like the murderous parasites that they are.

That will not happen anytime soon. The general view of these companies, is still very mild and forgiving. And it’s important to note that each case is different and this article applies only to Facebook, Google and Amazon.

Just as most have either forgiven or forgotten the massive bailouts that criminal companies were gifted during the 2008 financial crisis, the perception that these massive tech companies are at worst mildly anti-competitive and at best harmless and just practicing good, successful capitalism, will not be changed overnight.

It can only come after much more pain at the hands of this corrupt system that currently controls the internet, and therefore, our digital lives.


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Facebook Antitrust Case Kicks-off with a Bang: 46 States on board, Google Next Up as California Joins in

Above: Photo Collage / Lynxotic / Adobe Stock

In a filing at the U.S. District Court in Washington D.C., on December 9th, 2020, the Federal Trade Commission, together with 46 states, plus the District of Columbia and Guam, alleged that Facebook employed anticompetitive tactics, allowing it to bully and bury its rivals. In a strongly worded brief it recommends that the massive company be broken up, specifically by divesting itself of Instagram and WhatsApp.

“For nearly a decade, Facebook has used its dominance and monopoly power to crush smaller rivals and snuff out competition. By using its vast troves of data and money, Facebook has squashed or hindered what the company perceived to be potential threats.”

–New York attorney general, Letitia James, representing the state group, at a news conference

After the 18 month long investigation, charges are finally arriving, well after Facebook has already made extensive retaliatory changes to its products. The changes that were implemented, which interlinked the functionality of Facebook apps with Instagram and WhatsApp, are clearly meant to try and make it technically impossible, or at least difficult for them to function separately again.

This amounts to a way of using computer code to fabricate a “moat”, basically an excuse or impediment which they hope, apparently, would make it impossible to reverse the changes, in the event they are forced to sell off the previously separate companies.

The brazen and obvious action which appears designed to impede and block any remedies that the court could impose is reminiscent of the now infamous “move fast and break things” motto often attributed to Mark Zuckerberg, and the, just as famous, Silicon Valley truism “Ask forgiveness not permission”.

This kind of preemptive obstruction, while not necessarily illegal in any way, is nevertheless a perfect reflection of the attitude also associated with Facebook via Peter Thiel: “Competition is for Losers” phrase which stems from title of a WSJ article on Thiel’s book and which was adopted fondly by the billionaire.

It is important, from a layman’s perspective, to note that being big or being, effectively, a monopoly, is not enough, necessarily, to justify drastic government imposed remedies. The behavior, however, in other words, wether or not there was abuse of the power a monopoly affords, is crucial.

In the past several years Facebook has been found to be guilty of abuses, primarily in European cases, as have Google and Amazon. All the evidence, so pervasive as to be easily noted by even a casual observer, points to a pattern of behavior that could be seen, and possibly even proven to be, predatory and abusive of market power.

The response from Facebook has been anything but substantive, with the initial defense being a very weak statement that the government should not be allowed “do-overs”:

“Those acquisitions were cleared and if you can buy a company, and eight years, 10 years later, the government can clear them and unwind it — that’s going to be a really big chilling problem for American business, we are not going to be competitive around the world,”

Facebook COO Sheryl Sandberg, in a recent interview with Tamron Hall

The facts in no way back up this surprisingly flaccid response, since the mergers were, in fact never, “approved” just not blocked at the time, and in public statements, in writing, the FTC clearly and specifically stated:

“This action is not to be construed as a determination that a violation may not have occurred, The Commission reserves the right to take such further action as the public interest may require.”

As for the decades old “we are not going to be competitive around the world,” comment that is the oldest excuse for awarding big internet companies with special status to run amok going back to Al Gore’s “Internet Superhighway” exemptions from the early 90s.

To quote Kara Swisher in a recent New York Times opinion piece:

“Those charged with regulation have given companies like Google, Facebook and Amazon a very wide berth to grow into some of the most valuable entities in the history of the planet. Their founders are among the richest people ever.”

— Kara Swisher, in the New York Times

And, in case anyone is feeling sorry for poor Facebook, it’s also pertinent to point out that what they claim to need or be entitled to is exactly the kind of special treatment and license to break rules that others would have to abide by.

And that status and privilege is exactly what enabled Facebook (and Amazon and Google) to become so massive and so intensely inclined toward abuse of market power in the first place.

“Action as the public interest may require. “ Remember that phrase, you may be hearing it often, over the next few years, in relation to Facebook, Google and Amazon. And, in the end, it is the public verdict in the marketplace that will ultimately have the power to intercede with enough force to achieve change.


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NBC Data might show that PPP Loans were Given to Trump & Kushner affiliated firms

Above: Photo Collage / Lynxotic

Nixon once asserted: “Well, when the president does it, that means that it is not illegal”. The implication was not lost on Trump who has seemingly flaunted the law throughout his life and then appeared to shift into overdrive once in the White House. 

Naturally, as has been evident as well, also even boasted “I don’t pay taxes because I’m smart”, and when money, especially free money gained at the expense of the less fortunate, it seems Trump and his “Jr. partner Jared Kushner might indeed pull out all the stops. 

Therefore, it comes as no surprise that, once details on who received pandemic relief loans were revealed by the Small Business Administration, including the PPP or Paycheck Protection Program, multiple businesses linked to both were allegedly present.

NBC news: Over 25 PPP loans worth more than $3.65 million were given to businesses with addresses at Trump and Kushner real estate properties, paying rent to those owners. Fifteen of the properties self-reported that they only kept one job, zero jobs, or did not report a number at all.

NBC News

While there have been many reports of fraud and abuse related to this and other pandemic relief programs, most stories on these were slanted towards shaming various individuals who had engaged in fraud to obtain the loans. 

There were also numerous accounts of, in some cases, public companies with access to billions in capital applying for and receiving $100s of millions of dollars in forgivable loans. Names like Shake Shack, Ruth’s Chris, Potbelly Corp. and others were embroiled in controversy when some information leaked, and in some cases the companies, fearing public boycott or backlash, returned funds. While these examples show no specific wrongdoing on any particular company, the appearance of impropriety is nevertheless in question.

Now with more data the headlines are expanding to include potential impropriety , if not possible criminal action of Trump and Kushner seen as bilking the program at will, as well as massive and tragically-comical mismanagement of the “relief” funds with 100s of examples such as loans payed to companies that did not supply a name and many larger companies using multiple subsidiaries to gang together groups of smaller loans into sums totally tens of millions or more. 

According to NBC, All these tricks and potentially more were employed (surprise!) by Trump and Kushner affiliated firms. 

NBC: Sweeping [analysis of] data released by the Small Business Administration…found that properties owned by the Trump Organization as well as the Kushner Companies, owned by the family of Jared Kushner, President Donald Trump’s son-in-law and senior adviser, profited from the program.

NBC News

The potential abuses, beyond the obvious one that this money was meant to relieve business not connected to government officials, and those who’s business were damaged by the pandemic in general, followed a pattern where the money flowed to those that needed it least (due to massive wealth, such as stories that have circulated about Kanye West) or due to already having existing access to nearly unlimited capital (such as the public companies that lined up to access relief funds rather than use billions they had in reserve).

Other examples of Trump allegedly using and exploiting the presidency are so common as to make it almost redundant to cite these massive, and if true, unethical and potentially criminal abuses. So many have already been noted and cited in the press – from the profits flowing into his properties directly from taxpayer dollars or by diverting foreign officials to them, tax cheating, dirtying money to his daughter and son-in-law, on and on it goes. 

The only question that remains is why there appears to be “no-one home” when it comes to holding Trump and his family of abusers accountable. Much has been made of his soon-to-be gone immunity from federal prosecution, but what about the family? Pardons and tra-la-la? 

That can’t be the way this ends. Otherwise the rest of us are just as corrupt by letting it happen without a response of appropriate magnitude. 


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Amazon declines to join Google, Facebook and Microsoft in French “Tech for Good Call”

As antitrust suits loom, a digital tax appears as additional government option

Related to French “digital tax” hopes, and which may have future repercussions for other tech related regulation attempts, Google, Microsoft, and Facebook have” signs on for the “Tech for Good Call”. Amazon has declined which Apple continues to negotiate, according to reports. 

A list was released by the French government with signatures of 75 executives of tech companies who have signed up to the initiative so far. Notably, the list included Google CEO Sundar Pichai, Facebook’s Mark Zuckerberg and Microsoft President Brad Smith. Amazon’s Jeff Bezos and Apple’s Tim Cook were absent, however. 

Read more: Apple is Coming: Facebook, Amazon and Google Surveillance facing US scrutiny and danger from New Software

For nearly three years President Emmanuel Macron of France has attempted to  convince  tech giants to begin collaborating with governments to seek remedies for a list of global challenges. Examples are; fighting hate speech online, preserving privacy or paying a so-called “digital-tax”, presumably to offset negative economic effects of the overwhelming dominance of big tech.

Reuters reports that Macron’s advisers said on Monday that the president had asked tech companies to sign up to a new initiative called “Tech for Good Call” underlining principles for the post-COVID world. This development comes as “anti-big-tech” sentiment is increasing, particularly during the massive profit spike the giants are enjoying due to a devastating world-wide pandemic.

A general publicity based initiative could be leverage for negotiations to rein in tech giants

Also, according to Reuters, the “Tech for Good Call” includes a non-binding pledge to “contribute fairly to the taxes in countries where (they) operate”; refrain & prevent  the dissemination of “child sexual abuse material, terrorist or extreme violence online contents”; and “support the ecological transition”, in addition to other things.

Read more: Cracks in The Wall: Apple, Google, Amazon and Facebook Silently Declare War

Though not legally binding, it is expected that the French will use this tentative agreement to in negotiations during upcoming global forums on regulating Big Tech.

In addition to antitrust suits underway in the US and Europe, the idea of a “digital tax” is being explored and attempted with France and Australia leading the way.

In an article in today’s Wall Street Journal, citing multiple sources, that federal and state regulators are preparing four or more antitrust cases against the two online giants, separate from the antitrust case that the DOJ and 11 states launched against Google in October

The building chorus for regulation against Google and Facebook stem from the extremely dominant position each holds online, with Google having near total control of search traffic and advertising, while Facebooks monopoly in social media concerns its use of that position to monetize private data through advertising.

Also, according to Reuters, the “Tech for Good Call” includes a non-binding pledge to “contribute fairly to the taxes in countries where (they) operate”; refrain & prevent  the dissemination of “child sexual abuse material, terrorist or extreme violence online contents”; and “support the ecological transition”, in addition to other things.

Read more: Cracks in The Wall: Apple, Google, Amazon and Facebook Silently Declare War

Though not legally binding, it is expected that the French will use this tentative agreement to in negotiations during upcoming global forums on regulating Big Tech.

In addition to antitrust suits underway in the US and Europe, the idea of a “digital tax” is being explored and attempted with France and Australia leading the way.

In an article in today’s Wall Street Journal, citing multiple sources, that federal and state regulators are preparing four or more antitrust cases against the two online giants, separate from the antitrust case that the DOJ and 11 states launched against Google in October

The building chorus for regulation against Google and Facebook stem from the extremely dominant position each holds online, with Google having near total control of search traffic and advertising, while Facebooks monopoly in social media concerns its use of that position to monetize private data through advertising.

“The supportive chorus of elected officials is giving assurance to [the U.S. Department of Justice (DOJ)] and the [Federal Trade Commission (FTC)] that they have the political support they need to blunt [the companies’] efforts … to pressure the agencies to back off or water down their cases,” former FTC Chairman William Kovacic told WSJ.


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ByeDon: GSA has formally acknowledged Biden as the apparent Election winner

Trump, at the same time, said he was still not conceding

The first crack in Humpty-Trumpty’s fall is here. After more than two weeks since his victory in the electoral college was known, President-elect Joe Biden has been officially cleared to formally start his transition to the White House.

The General Services Administration, or GSA, has sent a letter and thereby formally acknowledged Biden as the apparent winner of the presidential election. This letter will allow him and his team to begin officially working on all aspects of the transition.

Non-concession concession, in a tweet, of course

“Nevertheless, in the best interest of our Country, I am recommending that Emily and her team do what needs to be done with regard to initial protocols, and have told my team to do the same.”

Trump in Tweet on November 23rd, 2020

Trump, in a somewhat confused tweet, appears to concede, or at least accept that he can not block what is inevitable, and yet still clings to his “I believe we will prevail” line.

Read more: Biden will Nominate John Kerry, Janet Yellen, Avril Haines & Alejandro Mayorkas, more, to Cabinet

However the important part: “Nevertheless, in the best interest of our Country, I am recommending that Emily and her team do what needs to be done with regard to initial protocols, and have told my team to do the same.” Was there for all to see in the second section of the tweet.

The president-elect cannot access federal transition funds or contact federal agencies to plan staffing, as per federal law, until the GSA recognizes him as the electoral winner.

Apparently this was all an off-the-cuff-tweet-scenario, as there were reports that various senior staff in the White House were unaware of this development, until having read the tweet themselves.

Read more: Giuliani’s Dripping Head and ‘My Cousin Vinny’ Dominate Fraud Presser in Desperate Sweaty Stammering Mess

Many White House officials have said in confidence, according to reports, that they have been pushing for this next, important step, and only Rudy Giuliani was against moving forward.

“Today’s decision is a needed step to begin tackling the challenges facing our nation, including getting the pandemic under control and our economy back on track”

— Johannes Abraham, transition executive director for Biden / Harris, in a statement Monday

Until now the GSA has remained silent, thus limiting the President-elect from proceeding in some aspects of the transition. Now that the GSA has acknowledged formally via this letter,  Biden‘s team will have access to more than $7 million of public funds.


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Looming Economic Collapse and Ways to Prepare; Historic Echos and Warnings

Photo Collage / Book Publishers

2008 and it’s Aftermath was a Wake Up Call that was Heeded by Virtually No-one

There are many good films on the economic collapse of 2008 (The Big Short is a favorite), also known as “The Great Recession” for fear of using the “D” word. Books too have opined on the lessons learned and, in some cases, taken dubious credit for the “rescue” of the world economy.

Read More: Conspiracy Theories are gaining adherents like never before: where’s the Reality?

Watched or read closely, these books, with the exclusion of the self-congratulatory ones mentioned above, all point to a sobering conclusion: the underlying issues that nearly led to a protracted worldwide economic collapse were not solved or fixed but “the can was simply kicked further down the road”.

Unfortunately, they also agree that “further down the road”, currently around 11 years later, translates to “soon”. Accordingly, we’d all be wise to revisit the 2008 crisis and read some of the conclusions, in detail, that have been drawn from a deeper study of the remaining and very serious issues faced as we go further forward into the 2020’s.

So much of our destinies are tied to economics, it is always a wise area to begin to look for solutions to all macro-dilemmas 

Of course, now, in a crowded life-raft of a planet, we also have the rising threat of Climate Change, the ongoing and terrifying challenges associated with global pandemics and sociopolitical trends, that point towards anything but harmonious co-operation, within and between societies around the world. 

All the more reason to embrace what at times appears to be the lone bright spot, in this saga of seemingly-endless doom and gloom: we have educational resources available and the modern marvel of human-networked-communication devices (a.k.a. the internet and the software and hardware we use to access it), is becoming a more powerful ally by the hour. 

Here are books we highly recommend to start your journey towards your heroic contributions to finding solutions and hope, as we look to the future:

The Great Devaluation: How to Embrace, Prepare, and Profit from the Coming Global Monetary Reset

Click here to see “The Great Devaluation
and help Independent Bookstores.
Also available on Amazon.

The Great Devaluation is the #1 bestselling book that explains why the real crisis facing the world today is not the Coronavirus. The real crisis facing the world is explosive government debt and deficits. Governments are now left with no choice but to spend more than they make, borrow more than they can ever repay, and devalue their currencies to cover it all up.

Former Hollywood storyteller Adam Baratta brings monetary policy to life in this follow-up to his national bestseller, Gold Is A Better Way. You’ll learn how and why Federal Reserve polices have facilitated an explosion in government debt and have systematically undermined the world financial system in the name of profit. The result? An out of control system where financial inequality has become a ticking time bomb set to blow up the global economy. Click here to see “The Great Devaluation” and help Independent Bookstores. Also available on Amazon.

Crashed: How a Decade of Financial Crises Changed the World

Click here to see “Crashed
and help Independent Bookstores.
Also available on Amazon.

We live in a world where dramatic shifts in the domestic and global economy command the headlines, from rollbacks in US banking regulations to tariffs that may ignite international trade wars. But current events have deep roots, and the key to navigating today’s roiling policies lies in the events that started it all–the 2008 economic crisis and its aftermath.

Despite initial attempts to downplay the crisis as a local incident, what happened on Wall Street beginning in 2008 was, in fact, a dramatic caesura of global significance that spiraled around the world, from the financial markets of the UK and Europe to the factories and dockyards of Asia, the Middle East, and Latin America, forcing a rearrangement of global governance. With a historian’s eye for detail, connection, and consequence, Adam Tooze brings the story right up to today’s negotiations, actions, and threats–a much-needed perspective on a global catastrophe and its long-term consequences. Click here to see “Crashed” and help Independent Bookstores. Also available on Amazon.

Manias, Panics, and Crashes: A History of Financial Crises, Seventh Edition

Click here to see “Manias, Panics, and Crashes
and help Independent Bookstores.
Also available on Amazon.

This seventh edition of an investment classic has been thoroughly revised and expanded following the latest crises to hit international markets. Renowned economist Robert Z. Aliber introduces the concept that global financial crises in recent years are not independent events, but symptomatic of an inherent instability in the international system.

Covering such topics as the history and anatomy of crises, speculative manias, and the lender of last resort, this book puts the turbulence of the financial world in perspective. Click here to see “Manias, Panics, and Crashes” and help Independent Bookstores. Also available on Amazon.

The Fed and Lehman Brothers: Setting the Record Straight on a Financial Disaster

Click here to see “The Fed and Lehman Brothers
and help Independent Bookstores.
Also available on Amazon.

The bankruptcy of the investment bank Lehman Brothers was the pivotal event of the 2008 financial crisis and the Great Recession that followed. Ever since the bankruptcy, there has been heated debate about why the Federal Reserve did not rescue Lehman in the same way it rescued other financial institutions, such as Bear Stearns and AIG. The Fed’s leaders from that time, especially former Chairman Ben Bernanke, have strongly asserted that they lacked the legal authority to save Lehman because it did not have adequate collateral for the loan it needed to survive.

Based on a meticulous four-year study of the Lehman case, The Fed and Lehman Brothers debunks the official narrative of the crisis. It shows that in reality, the Fed could have rescued Lehman but officials chose not to because of political pressures and because they underestimated the damage that the bankruptcy would do to the economy. The compelling story of the Lehman collapse will interest anyone who cares about what caused the financial crisis, whether the leaders of the Federal Reserve have given accurate accounts of their actions, and how the Fed can prevent future financial disasters. Click here to see “The Fed and Lehman Brothers” and help Independent Bookstores. Also available on Amazon.

Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System–And Themselves

Click here to see “Too Big to Fail
and help Independent Bookstores.
Also available on Amazon.

Brand New for 2018: an updated edition featuring a new afterword to mark the 10th anniversary of the financial crisis. The brilliantly reported New York Times bestseller that goes behind the scenes of the financial crisis on Wall Street and in Washington to give the definitive account of the crisis, the basis for the HBO film.

In one of the most gripping financial narratives in decades, Andrew Ross Sorkin–a New York Times columnist and one of the country’s most respected financial reporters–delivers the first definitive blow-by-blow account of the epochal economic crisis that brought the world to the brink. Through unprecedented access to the players involved, he re-creates all the drama and turmoil of these turbulent days, revealing never-before-disclosed details and recounting how, motivated as often by ego and greed as by fear and self-preservation, the most powerful men and women in finance and politics decided the fate of the world’s economy. Click here to see “Too Big to Fail” and help Independent Bookstores. Also available on Amazon.

Crash of 2008 and What It Means: The New Paradigm for Financial Markets

Click here to see “The Crash of 2008
and help Independent Bookstores.
Also available on Amazon.

In the midst of one of the most serious financial upheavals since the Great Depression, George Soros, the legendary financier and philanthropist, writes about the origins of the crisis and proposes a set of policies that should be adopted to confront it.

Soros, whose breadth of experience in financial markets is unrivaled, places the crisis in the context of his decades of study of how individuals and institutions handle the boom and bust cycles that now dominate global economic activity. In a concise essay that combines practical insight with philosophical depth, Soros makes an invaluable contribution to our understanding of the great credit crisis and its implications for our nation and the world. Click here to see “The Crash of 2008 and What it Means” and help Independent Bookstores. Also available on Amazon.


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Launch of SpaceX’s Starlink and iPhone 12 5G highlights inferior US Broadband: will shake-up ISPs

Above: Photo Collage / Lynxotic / SpaceX

The problem of slow and expensive broadband access in the USA is not a technological one. The US lags behind due to the pseudo-geographical monopolies held by various ISPs and the ability they have enjoyed to be able to gouge customers with high priced bad service. Lack of competition often results in slow progress or no progress. 

That is all about to change. You don’t need to have a technician to analyze the various 5G systems, or compare carriers chances of “winning” to realize that the very fact that speeds and options are increasing exponentially is going to re-write the map when it comes to who controls the cash-cow subscription gravy train. That system is about to collapse.

Read More: The iPhone 12 could see a Serious Sales Boom for Apple due to 5G and Starlink Internet

In steps Elon, and his little copy-cat-side-kick Jeffy Bezos, and now the landscape is about to become unrecognizable

First, 5G speeds rival or exceed the former fixed / desktop speeds which had commanded a premium for the geographically entrenched providers. 5G home systems will also be available in many areas that will be competitive in speed, price and convenience.

SpaceX’s Starlink is a serious project; with nearly 1000 satellites already in orbit out of an eventual 12,000 and launches continuing almost weekly with 60 each time. This ambitious plan will eventually completely encircle the earth with interconnected satellites that will link through intermediary “ground stations” with up to 1 million planned for USA alone. Each ground station is just under 19 inches (.48 m) across.

Read More: Elon Musk broadband milestone as SpaceX Starlink Public beta begins, nearly 800 Satellites Orbiting

“It looks like a UFO on a stick,” according to SpaceX CEO Elon Musk “It’s very important that you don’t need a specialist to install. The goal is for … just two instructions and they can be done in either order: Point at sky, plug in.”

Satellite Broadband, such as SpaceX’s Starlink will not only add ubiquitous 100mbps and higher, low latency coverage, it will also cover the same areas with high population density, major cities, where both current systems and 5G are also focusing. 

Exact pricing is as yet unknown but it is extremely likely that there will be a high pitched battle over customers once the various systems go into the next phase of the rollout. And all of this is not factoring in additional players in 5G and satellite systems.

Longer term (2 years +) there will be major world-wide implications of this shift toward more and faster options in internet connectivity

The first shift, primarily driven by the geographical independence of satellite broadband such as Starlink, will be a decentralization of populations at massive scale. While we are looking at a world where, due to the current pandemic countermeasures, WFH a.k.a. work-from-home is becoming more than a temporary factor. As many as 20 major companies such as Google and Microsoft have announced extended or permanent work-from-home policies as of October 2020. 

There are already plenty of very serious discussions about what will be done with all the skyscrapers and office buildings once there are no workers to fill the offices. This is not idle chit-chat. A migration has already begun away from the insanely overpriced rents and home prices in places like Silicon Valley, to take advantage of the work-from-home-anywhere approach.

Extrapolate based on increased speed and availability of connectivity to millions of locations not currently viable, each of which soon to have internet at minimum speeds rivaling the current world champion Liechtenstein (see above), and you will recognize the beginnings of an exodus of epic proportions.

Just in time, unfortunately, for an economic upheaval due to the aftermath of the still-ongoing global pandemic and, of yes, the issues of accelerated global warming, which will, coincidentally, affect costal “elite” cities like Miami, SanFrancisco, New York and others around the world to a disproportionally large degree. 

“The reality is that a technological utopian vision, one where the world is able to shift to sustainable energy and regenerative farming, and create economies based on prosperous and equal distribution of the wealth generated by those systems, [along with AI and robot technology powered by sustainable clean energy], can only be realized by an acceleration of learning and positive social change. “

-DL

These changes, to be clear, are not all “bad” nor are they all the cause of negative side-effects such as the current covid-19 outbreak. 

The reality is that a technological utopian vision, one where the world is able to shift to sustainable energy and regenerative farming, and create economies based on prosperous and equal distribution of the wealth generated by those systems, [along with AI androbot technology, powered by sustainable clean energy), can only be realized by an acceleration of learning and positive social change

Change is urgently needed to build out the human networked communication system that will enable the learning and cooperation which is the only hope for the survival of our species. 5G, the iPhone 12 and SpaceX’s Starlink Satellite Broadband are going to be huge factors, in making the first baby-steps toward that change, possible.. 


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The Justice Department finally issues antitrust suit against Google for “unlawfully maintaining monopolies”

Internet giants finally receiving long overdue legal scrutiny

After months of investigation and inquiry, the United States’ Justice Department has formally accused Google of illegally sustaining a monopoly over search and search advertising in America. The Department filed the lawsuit on October 20th in the U.S. District Court, beginning what could be a turning point in the Internet economy.

Read More: Amazon, Facebook, and Google will be accountable if Anti-trust law revisions hold

Republicans and Democrats alike have been watching big tech companies for a while now, scrutinizing the big four—Google, Apple, Facebook, and Amazon – as they’ve grown into corporate behemoths and played cat-and-mouse with American antitrust laws. Only now is the federal government (along with over forty states and jurisdictions that have investigated Google) finally making a move to attempt to keep these juggernauts in check.

Antitrust laws essentially make sure that American businesses cannot develop into illegal monopolies. Monopolies are illegal if they are established or maintained through improper conduct, sfor example, exclusionary or predatory acts. 

Conventionally, the laws protect consumers from situations where a single company holds all of the supply. In the current digital age, though, most of these services are nominally free to consumers. Nevertheless, they can still become hegemonic at the expense of competition.

Because the site’s ascendency has left consumers with the impression that they are unaffected, superficially, Google personnel have long been able to refute the fact that they hold a proper monopoly. However, given that eighty percent of Internet searches go through Google, many politicians (and users) suspect something legally dubious at hand.

As is also the case with Amazon and Facebook there are, like an iceberg of crimes hiding beneath the waterline, these giant firms are engaged in many practices are highly anticompetitive. The behaviors, however rampant,  have either gone unnoticed or, in a purported attempt to bolster internet commerce in a general way, have been intentionally overlooked by governing bodies for decades.

In order for the case to effectively convict Google on antitrust laws, the Justice Department must prove two things. First, that Google has dominance over search. Second, that it actively stifles competition in the search market through deals with other companies.

The fact that Google has dominance over search is quite hard to argue against nowadays. To sell the second part of the case, however, the DOJ will have to look into Google’s business behaviors and deals with other companies such as Apple.

Google essentially pays Apple up to $11 billion to be the default search engine on all iPhones, iPads, and Macs. This is just one example of Google buying its way to the top of the market and making sure that other search engines do not stand a chance.

Of course, Google denies doing anything illegal or sidestepping antitrust laws. The company argues that users actually retain choice when it comes to search engines, but people consistently go to Google for quality. As for the deals with companies like Apple, Google likens it to a cereal brand paying a grocery store for a better spot on the shelf. To Google, it’s simple business.

The courts, however, might not find it quite so simple, as many politicians are reframing antitrust laws in their perspective toward the case and the online marketplace.

This is not the end of the story but barely the beginning with many revelations yet to come

American antitrust laws, and how they are applied, are severely outdated. Most of them were written over a century ago when computers (let alone the Internet) were hardly a concept. Despite a few public outings where tech moguls have had to answer before Washington, the Federal government has not taken much action against these massive modern institutions. Exceptions include a 2001 antirust case against Microsoft for maintaining a monopoly over PC software and a former near-trial against Google when the Federal Trade Commission investigated the Alphabet Inc. for antitrust in the early 2010s.

Meanwhile, other countries have been far more active in holding big tech accountable. The European Union enforces much more timely antitrust policies, and has brought three cases against Google in recent years.

In America, however, Google has been riding off of the free market since its very conceptualization at Stanford University in 1998. The same could be said for Amazon, or Facebook and their respective, nearly mythic, ostensibly humble origins. While this nation’s laws and economy give companies the unique ability to grow, thrive, and expand into global phenomenon, they also have a duty to protect the people and even the playing field when those same companies abuse freedom or gain too much power.

This case will not be a short ride. It will likely take years, but such is the slow, magnificent, changing tide of justice and progress.


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Covid-19 Documentary Exposes still more inside details of Trump’s failure to contain the Pandemic

Made in secrecy during the past 6 months with interviews from administration insiders

Just when it seemed like 2020 could not get any stranger, President Donald Trump announced via Twitter on October 2nd that he and First Lady Melania Trump tested positive for COVID-19. In what some would see as a ‘karmic’ coincidence, within twenty-four hours of this breaking news, Neon media dropped a trailer for the new documentary “Totally Under Control,” which focuses on the President and his administration’s unsuccessful response to the coronavirus. 

Read More: Tweets Reacting to Trump-Covid are Evolving at Warp Speed

“Totally Under Control” is the second Trump-focused project from documentarian Alex Gibney. Earlier this year, the director released “Agents Of Chaos,” an HBO mini-series centered on Russian involvement in the 2016 election. Gibney is also responsible for the 2010 Oscar nominated doc, “Client 9: The Rise And Fall Of Eliot Spitzer” and the 2007 Oscar winner, “Taxi To The Dark Side.” Most of his films take on timely topics through an investigative lens. “Totally Under Control” will be no different. 

Unsurprisingly, Gibney latest movie condemns the Trump administration, as it chronicles how the President handled the coronavirus across the first half of 2020. Its synopsis states: 

“On January 20th, 2020 the US and South Korea both discovered their first cases of COVID-19. However, nine months later, the novel Coronavirus has claimed the lives of over 200,000 Americans and caused staggering economic damage, while in South Korea, there were no significant lockdowns and, in an urbanized population of 51 million, only 344 lives have been lost. Where did we go wrong?” 

Read More: Donald and Melania Trump tested positive for Covid-19

The film aims to answer this question and shed light on America’s complicated, corrupted, and fruitless reaction to the global pandemic. To do this, Gibney uses news footage from the past ten months— much of it showing Trump’s early, woefully dismissive thoughts on the coronavirus before it hit the United States.

He also interviews experts from doctors, to scientists, to government officials, all of whom agree that the current administration’s reaction to COVID was absolutely abhorrent from the start. 

The trailer plays out like that of a disaster movie, beginning with former Biomedical Advanced Research and Development Authority leader, Rick Bright explaining, “The scientists knew what to do for the pandemic response. The plan was in front of us, but leadership would not do it.” Bright goes on to recall how he tired bringing this vital information to the public, but was consequentially fired from his federal position. 

As the trailer unfolds, the music gets more and more intense. The interviewees retell the all-too-familiar 2020 story of how COVID got worse by the day and the United States government did nothing to combat it. Meanwhile, quasi-apocalyptic images of ubiquitous ambulances, omnipresent sirens, medial personnel in hazmat suits, restless political rallies, and so on flash across the screen.

All the while, Trump’s voice comes in and out with infamous phrases such as “It will disappear,” “It will be wonderful,” and most egregiously, “I don’t take responsibility at all.” 

Art imitates life as covid disbeliever enters hospital after contracting virus that affects ‘almost nobody’

Today, these statements are more ironic than ever before, as Trump himself has been checked into the Walter Reed Medical Center in Bethesda, Maryland for COVID. The diagnosis occurred just two days after the first presidential debate, where Trump continued to downplay the coronavirus in favor of reopening the country. 

“Totally Under Control” will be available On-Demand starting October 13th and will stream on Hulu starting October 20th. Although the film focuses on current (and ongoing) events, it is not the first piece of media to tackle the coronavirus, and it surely won’t be the last.

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