February 12, 2021 marks the fourth day of former President Trump’s second impeachment trial. His lawyers have the chance today to rebut the House impeachment managers’ cases for Trump’s conviction.
The impeachment managers shared never before seen video evidence, as well as media reports and court documents demonstrating how some perpetrators believed that they were acting at the direction of Trump.
Trump’s legal team took the tack, not usual from past explanations of Trump conduct, that it was all just typical talk and nothing unusual for a speech by a “politician”. Shades of “locker room talk” and other times so many went out of their way to poo poo an outrageous statement. Only in those cases no-one died.
This was followed by standard denials and refutations.
“This is ordinary political rhetoric that is virtually indistinguishable from the language that has been used by people across the political spectrum for hundreds of years. Countless politicians have spoken of fighting for our principals. “
van der Veen also added “You can’t incite what was already going to happen,”
“No thinking person,” van der Veen said, “could seriously believe” that the speech “was in any way an incitement to violence or insurrection,” as Democratic House impeachment managers have charged. “Nothing in the text could remotely be construed as encouraging, condoning or enticing unlawful activity of any kind.”
Reactions:
All Trump had to say at 1:30 pm or even 2:30 pm was “get out of the Capitol, that’s not what I wanted you to do. Stay outside.” He indicted himself as much by what he didn’t say on January 6th as what he did.
Today isn't about making sound constitutional arguments. It's about giving Senate Republicans something to say to reporters and constituents when they vote no on conviction.
If this were a law school exam answer it would get an F. The point is Trump’s use of speech constituted an abrogation of his constitutional duties as president. Trump lawyer is not addressing this, the main point.
This one you could have predicted — Trump's defense is Trump is a victim. They are using this forum to justify every terrible thing he's done as not his fault. The king of alternative facts is creating "reality" now again.
Wow! Trump defense team has just claimed that the House Impeachment managers have manipulated, manufactured and tampered with evidence. This is a HUGE accusation no lawyer should take lightly! #ImpeachmentTrial
Trump has yet to resurface on any social media platform, are we in the clear?
The proverbial nail in the Twitter coffin for Trump has finally been pounded home. Based on a statement from a Twitter spokesperson, once you are removed from the platform, you are removed, with no exceptions. So that means, regardless of his potential future run for president in 2024, it has been confirmed, Trump will never be allowed to share a rant via a tweet.
Of course, if the current impeachment trial in the Senate is successful in one of its aims, he will also be banned forever from seeking public office.
During an interview with CNBC, Twitter CFO, Ned Segal, spoke in detail, confirming that Trump will not be allowed back on the platform, ever.
"The way our policies work, when you're removed from the platform, you're removed from the platform whether you're a commentator, you're a CFO or you are a former or current public official," says $TWTR CFO @nedsegal on if President Trump's account could be restored. pic.twitter.com/ZZxascb9Rz
“When you’re removed from the platform, you’re removed from the platform, whether you’re a commentator, you’re a CFO, or you are a former or current public official,” said Segal. “Remember, our policies are designed to make sure that people are not inciting violence. And if anybody does that, we have to remove them from the service, and our policy is not to allow people to come back.”
Off the rails, coke-filled tirade, Deuxième édition ?
Donald Trump Jr. had a mouthful to say during an interview with Sean Hannity on Fox News. Even as the impeachment trail highlights is granular detail just how egregious the crimes of his father actually were, he was still living in the past using whataboutism to somehow compare BLM peaceful and justified protests to a murmurous attack with the goal of overthrowing the legitimate government of the United States of America:
“You sort of highlighted all the hypocrisy that we saw during 10 months of rioting, looting, arson, in-your-face type of politics. Candidly, whatever my father said on January 6th was mild in comparison, but if you were to take his speech and compare it to literally any stump speech ever given in the history of politics, you would see absolutely no deviation.”
Was violently attacking the legislative branch to overturn democracy not "hardball"? pic.twitter.com/C2FYK85gfT
It’s, unfortunately for Donny Jr., a bit late to try to dig out of this situation with nonsensical propaganda as if somehow the reality can be talked out of existence on Fox with buddy Hannity. More likely is that Don Jr. himself will face criminal charges, after his imagined political future already lies in the dust and detritus of his father’s downfall.
Laying out the evidence, built up over months and leading to Jan. 6th, makes a compelling case, for anyone not considered a clown
Click here to see “Tower of Lies“ to help Independent Bookstores. Also available on Amazon.
All throughout the so-called “presidency” of DJT bizarre double standards were used, exploited and reinforced by him and his minions. If he made an outrageous, even criminal statement, either on Twitter, or in a publicly available video recording, and outrage or any kind of pushback arose, the go-to explanation was “he was obviously joking”.
No matter if the gaffe was suggesting people inject bleach to combat the corona virus, or when he suggested that the U.S. buy Greenland, there was always a built in escape hatch: he didn’t really mean it, and you are a political hack, or worse, for suggesting that he did.
And, even more ridiculous, if you were a member of the press or a democrat, there were many who would seriously posit that he should not, or could not, be held accountable because he is obviously an idiot or a clown or a criminal mastermind and stable genius that would, therefore, get away with it anyway.
From an interview by NPR titled “What Might Accountability For President Trump Look Like?” with IAN BASSIN, executive director of Protect Democracy:
“But when you look internationally and you look at history, what you find is that the risks of not acting are actually worse. What happens is that abusers return to power often and engage in even more abusive behavior. To put this in terms I think we all could understand, as every parent knows, if a child takes a cookie from the cookie jar when he’s not supposed to, and you just move on, not only will he do it again, but next time, so will his brother and sister.”
Added together with propaganda techniques cribbed from Russia (and others) such as “Whataboutism” and an even more primitive derivative of the idea which comes straight from the playground-bully school: “I know you are, but what am I?”.
”Whataboutism has been common in Putin’s Russia. The Atlantic cited one such example in 2014, noting that when the Kremlin faced criticisms of its treatment of protesters, government officials responded, “What about the United Kingdom? Breaking the law during public gatherings there could lead to a fine of 5,800 pounds sterling there or even prison.”
And then there are the famous Nazi Propaganda Minister Joseph Goebbels’ well known axioms: “Accuse your enemy of that which you are guilty” and the “Big Lie” theory:
“If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.”
One valid reason for this unique out-of-office Impeachment proceeding is exposing the limits for the “Buffoon Defense”
This stroll down memory lane brings us to the current Senate Trial that will lead to a vote to convict Trump and, since he can no longer be removed, to bar him from ever again running for, or holding, public office.
When the evidence is laid out, as if Trump were an actual president and serious person, which is happening, beginning today on live TV, the effect is shock, not that these things happened, but that the gulf between his actions, and the consequences any other person would receive as a result, ever became so incredibly huge.
This was the drift of the impeachment managers presentation; lay out facts, using words, charts, graphs and even video evidence. Facts that, under any other circumstance, and with regard to any other politician, or any other defendant, would yield a 99.9999% likelihood of grave and serious consequences.
Yet in this bizarre case it is being seen and understood as serious and real by, perhaps, the majority, and at the same time is seen as meaningless or worse, some kind of left-wing conspiracy, by the rest.
What does the success of such obvious propaganda and mind control say about our society and situation going forward?
Even among the most discerning witnesses of the last four plus years it remains hard to determine just how much of the propaganda was planned, orchestrated and understood by the perpetrators with Trump as a figurehead.
Or if it was all a big, insane coincidence, that an actual buffoon could be just smart enough to use the “idiot-card” with such success.
If there is a book being written on Trump’s true legacy or on the mysteries that he left behind, this core mystery, how much his actual stupidity was a key benefit to getting away with so much crime, so much destruction, and, in the end, depending on the outcome, even murder, should be the central premise.
And this trial, with the articulated goal of accountability for real and very serious crimes, must have as a secondary aim, to expose and deconstruct the lies and the methods of avoiding accountability for all the damage and destruction over the entire tenure of the administration.
It remains to be seen if the ability to use the Buffoon Defense will extend to Sedition and Murder, if so, the larger story will ultimately be the insanity of acquitting a man so obviously deserving of finally being made to face consequences, and that will be rightly seen as the larger crime.
The plan for TikTok’s American operations to Oracle and Walmart has been delayed, most likely indefinitely. According to WSJ, in a recent court filing, the Biden admin has begun to review whether there are threats to national security as claimed by the Trump administration that would warrant the ban.
Representative of ByteDance (TikTok’s owner) and US National security are in discussions regarding data security and preventions on American data being accessed by Chinese government.
“We plan to develop a comprehensive approach to securing U.S. data that addresses the full range of threats we face,” National Security Council spokeswoman Emily Horne said. “This includes the risk posed by Chinese apps and other software that operate in the U.S. In the coming months, we expect to review specific cases in light of a comprehensive understanding of the risks we face.”
The revenge campaigned, couched in some kind of theory that China would use the platform to spy on, or gather and maliciously use the data of, U.S. citizens, was also, in a monumental coincidence, a reaction to K-pop fans sabotaging his campaign rally in Tulsa, OK, by using the platform.
Hilariously, after Trump and the then campaign chair, Brad Parscale, bragged at the projected 19,000 sold-out attendance, the venue was shown in numerous photos and videos as nearly empty. The TikTok mob had ordered thousands of tickets, which were free online, for reserved seats, causing the organizers to assume that the rally would have full attendance.
Naturally the TikTok gang only wanted to embarrass the campaign and did a fantastic job. In retrospect this was the beginning of the end of Brad Parscale as Trumps main guy and, one could almost say, of Trump’s re-election campaign itself, as things generally went downhill from there.
Carone claims she wants to bring back “conservative values”
Even if you don’t know the name Mellissa Carone, most that have social media or watched any television will be able to recall the image or the likeness to this woman.
Back in December of 2020, Carone, almost instantly became a parody when she appeared alongside Rudy Giuliani during an Oversight hearing. Videos from SNL, TikTok and even Amy Schumer popped up, with the main selling point that she appeared drunk, some coining her the “wine lady” or “drunk lady”.
Mellissa Carone is making news again, as the 33 year old Republican is reportedly going to run for the 46th District seat, according to a recent filing with Michigan Secretary of State’s office.
She also criticized Gov. Gretchen Whitmer, Attorney General Dana Nessel and Secretary of State Jocelyn Benson, the state’s three top Democrats. Michigan needs “conservative values” back, Carone said.
Two newly released Joker images played by Jared Leto, give fans a glimpse of a very different type of villain, free of his face tattoos as compared to the Joker in the 2016 “Suicide Squad”.
The director did not initially have Joker as part of the original plan and decided to add him into his version of the DC Comics team up. The hotly anticipated release details and content reveal is now beginning to emerge, as weekly a new character seems to be featured in a missive from the director.
“The Joker is really the only thing that I thought of in retrospect,” Snyder says in an interview with VF. “But I will say that it was always my intention to bring Joker into that world.”
In all the DCEU movies, Batman and Joker have never faced off, yet definitely have history (Joker killed Robin) thus the director is ultimately teasing fans, who will have to wait until its release on March 18, 2021 on HBO Max to finally see the two come head to head.
The official full trailer as Snyder has shared in his twitter post, will be released on Valentine’s day, 2/14/2021.
Trump sent a resignation letter to The Screen Actors Guild and its a pretty petty one. His response to the labor union came after its move to expel him due to his role in inciting violence at the Capitol on Jan. 6, which resulted in five deaths.
I write to you today regarding the so-called Disciplinary Committee hearing aimed at revoking my union membership. Who cares!
While I’m not familiar with your work, I’m very proud of my work on movies such as Home Alone 2, Zoolander and Wall Street: Money Never Sleeps; and television shows including The Fresh Prince of Bel-Air, Saturday Night Live, and of course, one of the most successful shows in television history, The Apprentice – to name just a few!
I’ve also greatly helped the cable news television business (said to be a dying platform with not much time left until I got involved in politics), and created thousands of jobs at networks such as MSDNC and Fake News CNN, among many others.
Which brings me to your blatant attempt at free media attention to distract from your dismal record as a union. Your organization has done little for its members, and nothing for me – besides collecting dues and promoting dangerous un-American policies and ideas – as evident by your massive unemployment rates and lawsuits from celebrated actors, who even recorded a video asking, “Why isn’t the union fighting for me?”
These, however, are policy failures. Your disciplinary failures are even more egregious.
I no longer wish to be associated with your union.
As such, this letter is to inform you of my immediate resignation from SAG-AFTRA. You have done nothing for me.
SAG-AFTRA response, with a permanent ban
Upon Trump’s letter of resignation from the union, SAG-AFTRA President Gabrielle Carteris and National Executive Director David White, simply responded, “Thank you.”
On Feb 7, the union took future action and released an additional statement: “Preventing Donald Trump from ever rejoining SAG-AFTRA is more than a symbolic step,” said SAG-AFTRA President Gabrielle Carteris. “It is a resounding statement that threatening or inciting harm against fellow members will not be tolerated. An attack against one is an attack against all.”
Reactions from John Stewart and the Twitterverse
I too, renounce SAG-AFTRA!!! You have let me down as well, done nothing…I will no longer abide your gross abdication of…oh wait…I’m just shitty at acting…never mind. President Jon Stewart
Downhill from the start, with proofreading as optional
The defense team for Trump issued a response for his upcoming impeachment trial to the House of Representatives last week. The document was widely mocked because the article, besides having questionable content, had egregious grammatical and spelling errors (within the first page).
The major spelling error, on the first page, addressed members of the “Unites” (instead of United) State Senate.
The same mistake! Again! “Unites” States: (fix your spell checker and proofread?)
Less than a week after submitting their initial legal brief, the 78-page brief, again referred to the country Trump used to be a President as “Unites States”.
Within the initial filings, the newly installed attorneys to lead the impeachment trail: Bruce Castor and David Schoen argued that former president Trump should not face impeachment relating to the Jan. 6 Capitol insurrection because he is out of office.
From the Independent: They’re also reminiscent of the president and his allies’ chaotic legal effort to overturn the legitimate election results, where lawyers backing the president bungled basic composition somewhat regularly, once writing “DISTRCOICT” instead of “district,” and submitting another lawsuit with a promise it contained “plenty of perjury.”
The legal team continued using Trump’s unsubstantiated claims that the 2020 presidential election was “suspect”.
Another element that Trump’s defense is using is that the his freedom of speech was protected under the First Amendment.
“The actions by the House make clear that in their opinion the 45th President does not enjoy the protections of liberty upon which this great Nation was founded, where free speech, and indeed, free political speech form the backbone of all American liberties,” the legal memo says.
Twitter users were quick to respond back that someone’s rights to the First Amendment does have limits, one of which is a violent insurrection.
On a crazy night Zuckerberg, KimDotCom and Guy Kawasaki all join rooms at the same time
Clubhouse, the red hot “social audio” app which is growing, even by invitation only by the millions per week. Part of the appeal is the up-close and personal audio interactions that happen among people from all walks of life; including big names. Last week it was Elon Musk “interviewing” the CEO of Robinhood (see video below).
KimDotCom is a bit of a crazy one, could be perhaps called infamous rather than famous, as the founder of “MegaUpload” and the New Zealand Extradition saga. There’s a strange kind of irony to having Mark Zuckerberg show up. Obviously it shows how Clubhouse is just too hot to ignore – it will probably spur rumors that he is circling the rooms with designs on acquiring or copying the app.
We have been testing Clubhouse for a future feature article and it is truly remarkable what the atmosphere is while using the app. The intimacy of group audio, combined with a kind of democratic algorithm / interface (for the most part), makes for a social media experience that is nothing like any other platform that has caught on.
In some ways it’s like being at a huge trade show like CES and going to a keynote or a panel discussion. However, the fact that it is live 24/7 365 days a year makes for more impromptu access, more spontaneity and more… chaos (sometimes for good or…).
I’m tryna see Mark Zuckerberg and Tim Cook in the same Clubhouse room
Clubhouse was launched, in what may be the most fantastically serendipitous timing ever, in March 2020. Tearing a page, ironically, from the Zuckerberg and Facebook playbook, it has been and continues to be an invitation only club.
After the session with Zuckerberg was over one of the “Stage” speakers coined the term “Digital Teepee” to describe the feeling of being in such an intimate setting with such a controversial figure like Mark Zuckerberg. Others speculated what his motivations might have been to join the club.
Here’s what Mark Zuckerberg said on Clubhouse about AR, VR, and Remote Work
In a nod to the “Trade-show” aspect the first affinity group was… Venture Capitalists
In an interesting twist, however, the initial focus for invites was not on college students, as was the case with the early days of facebook, but mainly consisted of venture capitalists.
Perhaps this was indirectly related to the fact that , Alpha Exploration Co., the company behind Clubhouse was launched after a $12 million investment came from Andreessen Horowitz after they had only been in existence for approximately two months.
The invitations are being handed out more liberally now and the “club” is growing at over a million users per week at the moment. The demand is so extreme, however, that invites are even being sold on eBay in the US and even on equivalent platforms in China and elsewhere.
In a first, in what will almost surely crash the app again, Netflix will be doing a promotional room (which has never happened before) to promote Zendaya’s new film‘Malcolm & Marie’ which will be live on Netflix tomorrow.
At the beginning of the year, Netflix dropped a beautiful and major bombshell, that they will be premiering a brand new movie every week of 2021. That means, thee will be appropxiately, it appears, upwards of 71 new movies with all the various genres covered! (action, sequels, dramas, musicals and more).
If you are not new to the platform, 2021 is streaming gold for Netflix (with 42 total Golden Globe nominations). With Bridgerton, Lupin, The Dig, Below Zero, Night Stalker and we are only barely into February.
Streaming is looking like a permanently dominant dissemination method for visual content going forward, as, in addition to Netflix, HBOmax is getting all of the WB theatrical slate based on the initial North American debut schedule, while Disney is going full bore with a string of Star Wars and Marvel spin offs. A slew of books are also getting film treatment including best selling titles: The Girl on the Train, The Woman in the Window, Munich, The Last Letter from Your Lover.
Below are some of the upcoming releases with trailers for the next two months:
Sam Levinson teams up with Zendaya and John David Washington for an achingly romantic drama in which a filmmaker (Washington) and his girlfriend (Zendaya) return home following a celebratory movie premiere as he awaits what’s sure to be imminent critical and financial success. The evening suddenly takes a turn as revelations about their relationships begin to surface, testing the strength of their love. Working with cinematographer Marcell Rev, Levinson creates a film of rare originality; an ode to the great Hollywood romances as well as a heartfelt expression of faith in the medium’s future.
THE DIG:
As WWII looms, a wealthy widow (Carey Mulligan) hires an amateur archaeologist (Ralph Fiennes) to excavate the burial mounds on her estate. When they make a historic discovery, the echoes of Britain’s past are illuminated in the face of its uncertain future.
BELOW ZERO:
A Spanish gritty action thriller movie (Bajocero) that has English voice-over features is set when a prisoner transfer van is attacked. The cop, Martin, who is in charge must fight those inside and outside while dealing with a silent foe: surviving the icy temperatures.
NIGHT STALKER
This historical limited series is a documentary that follows the young detective Gil Carrillo and legendary homicide investigator Frank Salerno as they work expeditiously to catch the “Night Stalker”. Beneath the sunlit glamour of 1985 LA lurks a relentlessly evil serial killer. In this true-crime story, two detectives won’t rest until they catch Richard Ramirez, who was eventually arrested for his terrible crimes.
I CARE A LOT:
A crooked legal guardian who drains the savings of her elderly wards meets her match when a woman she tries to swindle turns out to have equally shady ties of her own. Starring Rosamund Pike, Eiza Gonzalez, Dianne Wiest, Peter Dinklage, Chris Messina, and Isaiah Whitlock Jr.
PENGUIN BLOOM
Penguin Bloom tells the true story of Sam Bloom (Naomi Watts), a young mother whose world is turned upside down after a near-fatal accident leaves her unable to walk. Sa m’s husband, (Andrew Lincoln), her three young boys and her mother (Academy Award-nominated Jacki Weaver), are struggling to adjust to their new situation when an unlikely ally enters their world in the form of an injured baby magpie they name Penguin. The bird’s arrival is a welcome distraction for the Bloom family, eventually making a profound difference in the family’s life.
THE GIRL ON THE TRAIN
A bright city, a dull morning and a curious girl on the train. When a voyeuristic divorcee fixates on the lives of a perfect couple from afar, she soon gets embroiled in a murder mystery that unfolds revealing truths about her own life. Get on board a thrilling experience with Parineeti Chopra, Aditi Rao Hydari, Kirti Kulhari and Avinash Tiwary. Catch Ribhu Dasgupta’s The Girl On The Train on 26th February, only on Netflix.
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.
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.”
–0 to $1.5t (nobody in history); –Turned biggest cost centers into profit centers (nobody in history); –Established recurring revenue relationship w/82% of US households (nobody in history); and –Hired 500k+ people in 12 months (nobody in history)#Bezos
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.
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.
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.
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
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.
Want know more about shorting? About the shady and complicated scams? And also see an incredible film?
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. 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?
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.
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.
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 validjustification 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”.
Elon Musk is one of the most interesting humans, and now he is also, at any given moment, the wealthiest. It’s somewhat unusual, even on Twitter, to see anything but positive and supportive reactions to his tweets, given the level of love and admiration he has among followers.
Above: Photo / Adobe Stock
Add to that the concrete, if cryptic, pledge to donate 100M towards a prize for the “best carbon capture tech. It has been pointed out that this is .05% of his net worth, but that is an odd calculation, it seems, since Tesla itself is firmly on the side of climate rescue, with it’s stated mission to “to accelerate the world’s transition to sustainable energy”.
It is, as a matter of fact, what separates Musk from almost every other tech-billionaire: His motivations are not to acquire wealth as an end but only to support his planet and species saving efforts. Others, such as his sometimes rival (not worthy) Jeff Bezos, can not claim any such thing with a straight face (or any believability).
The reactions were swift and attempted humor but also truth
The number of replies that popped up swiftly proposing planting trees as likely the best “carbon capture tech” that would deserve such a prize was noteworthy. Because, in one of the few criticisms of the EV revolution that Tesla has started, it is likely not enough to rely solely on “S3XY” technology to save the world from carbon emissions causing global warming and climate change.
Not only is the plant-a-tree a valid rejoinder to the idea that some kind of elaborate technological breakthrough is needed (Bill Gates recently suggested blotting out the sun as a cooling solution), but there are also other “low tech” solutions that should not get short-shrift in order to fund expensive, possibly overly technological, solutions to a problem of our own making.
The recent highly acclaimed documentary film “Kiss the Ground” proposes soil regeneration to reduce carbon emission, improve health benefits of food and, at the same time actually reduce the amount of carbon already in the atmosphere.
The arguments made by this excellent documentary beg the question: why not take funds, such as those being offered by Elon Musk, and divert them first towards obvious, low-tech solutions with proven results, rather than funding a moon-shot style tech search for a method that may, in then end, like so much that has come before, have unintended and even possibly negative repercussions.
At the very least, shouldn’t a portion of this 100 million, or even an equal sum (purportedly amounting to, therefore, 1% rather than .05% of Musks net worth) be allocated to existing, proven methods, rather than a search for new tech invented out of whole cloth?
Twitter posts hit a nerve, now maybe government and private funding should follow common sense
This is not a scientific or detail specific criticism. There may well be “issues” with planting trees or recovering damages soil around the world, and in the process reversing carbon imbalances and even reducing the levels currently measured.
But common sense says otherwise. The destruction of the soil and the deforestation of the globe are part and parcel of the same problem, extreme dependence on fossil fuel long after the dangers were well known, that has caused the current and worsening global problem.
Elon Musk is a hero of the sustainable energy movement, as he well should be. It is powerful and dedicated figures like Musk that are needed, desperately, to solve the looming and already unfolding crises that we face.
The voices for trees and soil regeneration are also an extremely important element of the solutions that are desperately needed, sans the hoopla and massive money prize that tech already has attached.
Would it be too far fetched, @elonmusk, for these various factions, all wanting the same result, to cooperate and collaborate on all the solutions that will undoubtedly be required is we are to pull back from the brink and substantially improve the condition of a planet on its way to possible total annihilation?
Thanks to Elon Musk for all his contributions and they are many. Rescuing the E.V. and turning the entire auto industry on it’s head and bringing about an accelerating transition to sustainable transportation much sooner than could have happened without him and Tesla.
Creating the understanding that a business and an entrepreneur does not have to focus relentlessly on profit for its own sake to be successful and powerful. And, as for giving the human species a “plan-b” in the form of abandoning a dying earth in favor of Mars, let’s stick with plan A for now and plant trees, reiterate the soil and, yes, find other solutions to the massive carbon emissions that are choking the life out of our world.
Renovate the future could be an apt title for “Power Trip”
Perhaps a reality TV star is not the first place or person one would think of when considering the next cutting edge filmmaker to take on the corruption and controversies surrounding the potential transition to sustainable energy.
However, as someone who, on his show, is seen as an expert in home renovation, particularly high end homes, a solar-roof and energy installation is becoming standard and so it is natural that Johnathan Scott, Co-Host of the series of “Property Brothers” shows and associated products would have been exposed to the ins and outs of installing solar panels.
More surprising, however, is the way his experiences took him on a journey of discovery that led to him creating a serious and hard-hitting documentary film on the challenges and even the politics surrounding the solar industry. His eye-opening discoveries mirror his experiences and, by extension, give viewers of the film an opportunity to see this controversial state of affairs through his sympathetic eyes.
In “Power Trip”, Property Brothers co-host and home-renovation expert Jonathan Scott journeys all across the U.S. to uncover why clean, renewable energy isn’t available to all. While traveling to learn both the obstacles and opportunities for achieving energy freedom, Jonathan talks with conservatives fighting for solar freedom; sits down with farmers struggling to make ends meet; engages coal workers desperate for a new, healthy means of making an income; the Navajo Nation who built a utility-scale solar plant; religious leaders who made a desperate attempt to help meet their community’s energy needs; and politicians at the forefront of the battle for energy freedom.
Shortly after they finally approved us, they killed net metering in Nevada. And all of us a sudden, solar companies left the state, and my head sort of spun, and I was like, “What the hell is going on here?” And that’s when I started digging in. I hired a researcher. And we discovered this secret war being waged against rooftop solar.
Johnathan Scott on his INSPIRATION FOR MAKING “Power Trip”
While the film may not be from a major name in the sustainable energy or climate crisis movements, for that very reason, one could say it has potentially enhanced credibility or at least a more approachable back-story with an experienced TV host known to many for his more traditional fare.
story about corruption that he fell into when trying to solar his roof in NV
Best known for his HGTV reality show “Property Brothers”, where Jonathan and his brother Brew purchase and renovate houses on a budget.
“The film explores how utility companies across the country have fought to maintain their monopolies, focusing on power players including Buffett’s NV Energy, Duke Energy in North Carolina and Southern Company subsidiary Georgia Power.”
PBS
More quotes from Jonathan Scott:
“It turned into a human story. I traveled around the country. I met with hundreds of people from all different walks of life. And I discovered that across the board, whether they are Republican, Democrat, conservative, liberal, city dwellers, country dwellers — everybody agreed that renewable energy was a good thing. They liked the idea of being able to produce their own power. The only people I found that were against it were people affiliated with fossil-fuel companies or the utilities.”
“We need some sort of national energy policy that will not only bring that cost down and simplify the process, but also promote what is the future of energy. When I started the film, there were 20 coal-fired power plants slated to be built in the U.S. By the end, all of those projects were either abandoned or shut down. And that’s a good thing. We are moving in the right direction.”
“But solar is still being met with opposition. The new trend is that a lot of utilities are saying, “We’re pro-solar, we’re pro-renewable energy.” They support utility-scale solar farms, but they’re anti-rooftop solar because they want to own the power.”
“I was a big fan of Warren and all the stuff he’s done. Then I saw him talking about how net metering is a subsidy. Either he was severely misinformed by the people who work for him who run NV Energy, or he was lying through his teeth. Warren is an intelligent guy, and I don’t think he would ignorantly run a company of that magnitude without knowing what’s happening.”
The end-all and be-all of memes emerged out of the inauguration…
In a move that transcends the presidential, Bernie Sanders now owns the internet. All he needed was the right mittens and a countenance of equanimity, rising above to see into the center of all being and nothingness.
Like a zen monk or Yoda on steroids, he accomplishes all by doing little, even nothing, beyond his mind bending position and posture. Ever modest and with a meaningful invisible wink, he disavows any knowledge of his splendor or any plan to conquer all:
“I was just sitting there trying to keep warm, trying to pay attention to what was going on,”
-Bernie Sanders / Interview Late Night With Seth Meyers
Meanwhile, there has been a meaningful and valid response to the triumph, and it all gets back to a t-shirt and mittens.
Now that there has been an endless stream of replication and iteration based on the genius moment, we best begin at the beginning and trace this new species of viral wonderfulness back to its humble source: the photo:
#BernieSanders We love the Bernie memes being shared all day. Taking special requests where do you want to see Bernie? Bernie – our heart will go on pic.twitter.com/zPSJVlfuSG
And to you, Amazon, you can not have this meme for your endless self-aggrandizement, and here is the obvious reason why:
On #PrimeDay, let's not forget. During the pandemic, Jeff Bezos became $97 billion richer by increasing prices by up to 1,000% on essential items and denying hazard pay and paid sick leave to over 450,000 of his workers. It's time to break up Amazon and tax the rich.
With the patience of a much more mature individual (not unusual for this prodigy) a perfect retort nearly a year later
Using the exact text of a facetious and immature tweet, typical for Trump, Greta has the last word with an entirely appropriate, if sarcastic, tweet of her own.
We must all hope, that with Trump’s Twitter account finally silenced for good, we will see and hear more from Greta and the extremely important movements that she led. Instead of making snide comments about her and her cause, as Trump so often did, we can expect that the Biden administration will do its best to face the, very real, challenges of climate change head on and bring together many from around the world to find solutions. Or at least begin the process of admitting the scope of the dangers and begin to address them.
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:
The systemic issues that led to a Trump presidency will not simply disappear once he's out of office. In fact Trump himself, the media's obsession with him, and the hold he has over his cultish supporters won't even disappear once he's out of office. That said, pic.twitter.com/yekw9mWe9E
Not surprising, but always a pleasure, her dress was over-the-top and voice rung out to the heavens
Near the opening of the well planned and nearly perfectly executed inauguration ceremony, Lady Gaga sang her powerful rendition of the National Anthem and did not disappoint.
Afterward she could be seen chatting animatedly through her mask with former President Obama and others, drawing plenty of attention for her golden dove of peace.
My intention is to acknowledge our past, be healing for our present, and passionate for a future where we work together lovingly. I will sing to the hearts of all people who live on this land. Respectfully and kindly, Lady Gaga. ❤️🤍💙🇺🇸
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.
