Category Archives: US Economy

As Zeal for China Dims, Global Companies Complain More Boldly – NYTimes.com

“In late March, a group of more than 50 American lawmakers sent a letter to the Chinese ambassador to the United States, Cui Tiankai, taking direct aim at China’s restrictions on cloud computing. They wrote that current and draft regulations would force the transfer of valuable intellectual property to Chinese companies and effectively bar foreign cloud service providers “from operating or competing fairly in China.”

https://mobile.nytimes.com/2017/04/19/business/china-companies-complain.html

23 Percent of Public Schoolchildren Live in Immigrant Households

The report, published by the Washington-based Center for Immigration Studies, indicates that 23 percent of public school students live in a household with at least one immigrant parent. That is more than double the percentage in 1990 and up from 7 percent in 1980.

http://www.lifezette.com/polizette/23-percent-of-public-schoolchildren-live-in-immigrant-households/

Why California Is Broke and Texas Is Not – Meoso

California

The Governor of California is jogging with his dog along a nature trail. A coyote jumps out and attacks the Governor’s dog, then bites the Governor.

The Governor starts to intervene, but reflects upon the movie “Bambi” and then realizes he should stop because the coyote is only doing what is natural.

He calls animal control. Animal Control captures the coyote and bills the state $200 testing it for diseases and $500 for relocating it.

He calls a veterinarian. The vet collects the dead dog and bills the State $200 testing it for diseases.

The Governor goes to hospital and spends $3,500 getting checked for diseases from the coyote and on getting his bite wound bandaged.

The running trail gets shut down for 6 months while Fish & Game conducts a $100,000 survey to make sure the area is now free of dangerous animals.

The Governor spends $50,000 in state funds implementing a “coyote awareness program” for residents of the area.

The State Legislature spends $2 million to study how to better treat rabies and how to permanently eradicate the disease throughout the world.

The Governor’s security agent is fired for not stopping the attack. The state spends $150,000 to hire and train a new agent with additional special training re the nature of coyotes.

PETA protests the coyote’s relocation and files a $5 million suit against the state.

Texas

The Governor of Texas is jogging with his dog along a nature trail. A coyote jumps out and attacks his dog.

The Governor shoots the coyote with his state-issued pistol and keeps jogging. The Governor has spent $.75 on a .45 ACP hollow point cartridge.

The buzzards eat the dead coyote.

And that, my friends, is why California is broke and Texas is not.

http://www.meoso.com/why-california-is-broke-and-texas-is-not/

Workplace Surveillance Is The New Office ‘Perk’

Whether through “voluntary” corporate wellness programs, smart badges that record voices and GPS locations, or surveillance apps in their mobile phones and personal computers, Americans are offering up more and more personal data at work. Most of them don’t have much idea of where that data goes, or how it will be used — and there aren’t that many limits on what employers can find out about their employees, or what they can do with the data. The more people who opt in now, the harder it will be to opt out in the future.

And it’s about to get much worse.

via Workplace Surveillance Is The New Office ‘Perk’ – Vocativ

Fake News and the Digital Duopoly – WSJ

“Look at how Google games searches. A study reported in The Wall Street Journal found that in 25,000 random Google searches ads for Google products appeared in the most prominent slot 91% of the time. How is that not the unfair leveraging of search dominance and the abuse of algorithm? All 1,000 searches for “laptops” started with an ad for Google’s Chromebook—100% of the time. Kim Jong Un would be envious of results like that at election time.”
https://www.wsj.com/articles/fake-news-and-the-digital-duopoly-1491335062

Federal Reserve Insider Info: No charges will be filed

Richmond Federal Reserve President Jeffrey Lacker announced his immediate resignation Tuesday, admitting that he discussed sensitive information with an analyst regarding the Fed’s plans for economic stimulus.

via Richmond Fed President Lacker says he was involved with Medley leak, announces immediate resignation

Moscow And Beijing Join Forces To Bypass US Dollar In Global Markets, Shift To Gold Trade

“The Russian central bank opened its first overseas office in Beijing on March 14, marking a step forward in forging a Beijing-Moscow alliance to bypass the US dollar in the global monetary system, and to phase-in a gold-backed standard of trade.

According to the South China Morning Post the new office was part of agreements made between the two neighbours “to seek stronger economic ties” since the West brought in sanctions against Russia over the Ukraine crisis and the oil-price slump hit the Russian economy.”

http://www.zerohedge.com/news/2017-04-01/moscow-and-beijing-join-forces-bypass-us-dollar-global-markets-shift-gold-standard

Corporations Use End User License Agreements to Create a Parallel Legal System – Motherboard

“Trying to think about all the contracts I’ve half-wittingly signed away to tech companies is mind boggling. A handful with Apple, Amazon, Google, Facebook, Netflix; End User License Agreements for every piece of software I’ve downloaded, every gadget I’ve bought, every subscription service or app I use. Many of them are changed with little or no notice, most of them are hundreds of pages long.”
https://motherboard.vice.com/en_us/article/how-corporations-use-end-user-license-agreements-to-create-a-parallel-legal-system

Post 9/11… what the hell happened?