Category Archives: Business

February 15, 2018

How Amazon, Apple, Facebook and Google manipulate our emotions (Video)

The combined market capitalization of Amazon, Apple, Facebook and Google is now equivalent to the GDP of India. How did these four companies come to infiltrate our lives so completely? In a spectacular rant, Scott Galloway shares insights and eye-opening stats about their dominance and motivation — and what happens when a society prizes shareholder value over everything else. Followed by a Q&A with TED Curator Chris Anderson.

Original source.

Tech Luminary Peter Thiel Parts Ways With Silicon Valley

Billionaire investor frustrated with what he sees as intolerance of conservatism in tech industry; has discussed resigning from Facebook board.

Billionaire investor Peter Thiel is relocating his home and personal investment firms to Los Angeles from San Francisco and scaling back his involvement in the tech industry, people familiar with his thinking said, marking a rupture between Silicon Valley and its most prominent conservative.

Mr. Thiel has also discussed with people close to him the possibility of resigning from the board of Facebook Inc., FB -0.79% the people familiar with his thinking said. His relationship with the social-networking company—where he has been a director since 2005, the year after its founding—came under strain after a dispute with a fellow director over Mr. Thiel’s support for Donald Trump’s presidential campaign, and a related confrontation over boardroom leaks with Chief Executive Mark Zuckerberg last summer, the people said.?

However, Mr. Thiel feels he can still help the company and is likely to remain on the board at least for now, one of the people said.

[…]

Complete text linked here.

February 5, 2018

Trump on Countries Refusing Their Nationals: ‘We’ll Tariff Their Goods, They’ll Take Them Back in Two Seconds’

President Donald Trump says he is committed to sanctioning and placing tariffs on foreign countries who refuse to take back their nationals after being deported from the United States.

In a meeting with State Department, Defense Department, and Homeland Security officials, Trump promised to put tariffs on the goods of countries and sanction others that refused their nationals in an “America First” initiative that past administrations under President George W. Bush and President Barack Obama failed to implement.

Trump said:

But if they don’t take them back, we’ll put sanctions on the countries. We’ll put tariffs on the countries. They’ll take them back so fast your head will spin. We’ll just tariff their goods coming in, and they’ll take them back in two seconds. You have a lot of people from those countries, and they’ll take them back.

We’ve had a very weak policy. We bring them back; they say, “We don’t want them.” And why should they? They killed five people. Why would they want them? And we will do something with regard to sanctions and tariffs, where they will — your head will spin how fast they get taken back. Okay? Every country is the same.

[…]

Complete text linked here.

January 28, 2018

America First: European CEOs Go One By One To Tell Trump They Are Investing Billions Back In The US (Video)

The president of Seimens, Joe Kaeser, said, “since you have been so successful in tax reform we have decided to develop the next generation gas turbines in the United States.” Trump responded “That’s great!”

President Donald J. Trump hosted a dinner with European business leaders and CEOs at the World Economic Forum in Davos, Switzerland Thursday evening. Trump has been making the rounds in Davos, holding bilateral meetings with other world leaders and conducting business roundtables. Trump met with various business leaders in shadow of the recent economic boom in America.

In a stunning moment, one by one, European titans of industry from companies like Adidas, Siemens and Bayer went around the table to thank Trump for the passage of tax cuts and the easing of corporate tax burdens. Almost every CEO had a new US-based investment or strategic business to announce.

[…]

Complete text and video linked here.

January 24, 2018

Trickle Down: Starbucks Workers Win Pay Raises, Expanded Benefits Thanks to Trump Tax Plan

Starbucks will spend $250 million of its corporate tax cut to boost the pay and expand the benefits of its American workers.

The coffee chain joins some 200 American corporations that are already raising wages thanks to a corporate tax cut signed into law by President Trump last month. Starbucks, a mega-corporation with a far-left worldview, has now joined a handful of other far-left corporations — Apple and Disney — in validating the idea that tax cuts benefit everyone, or what is known as trickle-down economics.

According to Reuters, Starbucks will save some $425 million in taxes, more than of which it plans to pass on to its employees. This will come in the form of a pay raise, as well as stock grants worth between $500 to $2000, depending on seniority.

On Tuesday, the Walt Disney Company announced that, thanks to the Trump tax cut, it would award its 125,000 employees one-time cash bonuses of $1,000 and invest $50 million into education programs for its workers.

Last week, Apple announced $2,500 bonuses for most of its employees in the form of stock units. The left-wing company also said it would repatriate some $200 billion to the U.S. and invest a total of $350 billion into our economy over the next five years. This is expected to create some 22,000 American jobs.

[…]

Complete text linked here.

January 21, 2018

Employee Lawsuit Reveals Google as Intolerant Race Cult

The complaint alleges that Google hires on the basis of race and sex, and punishes (and even fires) employees if they articulate political views that are not Leftist views. Worse, the complaint says that Google created company sanctioned blacklists, harassment committees, and even encouraged open vocal attacks on white males at company events.

Congratulations on finding this article if you used Google. A civil rights lawsuit filed this week revealed its search engine blacklists authors and ideas distasteful to the company.

Google engineer James Damore’s class action complaint describes a creepy cult-like orthodoxy at Google, where dissent is smashed, and the color of your skin is far more important than the content of your character. Reading the complaint is a deep dive into wicked, racial groupthink, and a frightening reminder that it really can happen here. At Google, it does.

I met James Damore at a conference last November after he received an award for speaking out against Google’s race obsession and cultish orthodoxy. The poor fellow seemed bewildered, still stuck in those good old-fashioned American notions of free speech, tolerance, and color-blindness toward other people. Damore didn’t seem to understand the Left has big plans for America. His experience at Google should make clear to every American that this gang is playing for keeps.

[…]

Complete text linked here.

January 17, 2018

It looks like Apple is bringing back home nearly all of its $250 billion foreign cash

Apple just announced on Wednesday it will bring back hundreds of billions of dollars from overseas to fund investment in the U.S.

“Apple, already the largest US taxpayer, anticipates repatriation tax payments of approximately $38 billion as required by recent changes to the tax law. A payment of that size would likely be the largest of its kind ever made,” the company said in the release.

Using the new 15.5 percent repatriation tax rate, the $38 billion tax payment disclosed by Apple means they are doing a $245 billion repatriation.

Apple had $252.3 billion in overseas cash as of the end of September quarter, according to SEC filings so that means the company is bringing back nearly all of its foreign cash.

Apple declined to comment to CNBC on the specific repatriation size.

This amount it is bringing home is larger than analysts anticipated

Bank of America Merrill Lynch analyst Wamsi Mohan estimated on Wednesday Apple had $236 billion available to be repatriated to the U.S.

Original source.

January 9, 2018

James Damore just filed a class action lawsuit against Google, saying it discriminates against white male conservatives

Damore isn’t holding back any punches here. According to his filing, Google employs “illegal hiring quotas to fill its desired percentages of women and favored minority candidates, and openly shames managers of business units who fail to meet their quotas—in the process, openly denigrating male and Caucasian employees as less favored than others.”

James Damore, a former Google engineer who was fired in August after posting a memo to an internal Google message board arguing that women may not be equally represented in tech because they are biologically less capable of engineering, has filed a class action lawsuit against the company in Santa Clara Superior Court in Northern California.

His claims: that Google unfairly discriminates against white men whose political views are unpopular with its executives.

Damore is joined in the 161-page suit by another former Google engineer named David Gudeman, who spent three years with Google working on a query engine. According to Gudeman’s LinkedIn profile, he left the company in December 2016 and has been self-employed since.

The lawsuit, filed by Dhillon Law Group, says it aims to represent all employees of Google who’ve been discriminated against due to their “perceived conservative political views by Google,” due to “their male gender by Google” and “due to their Caucasian race by Google.”

[…]

Complete text linked here.

December 9, 2017

Steve Bannon Speaks At “Black Americans For A Better Future Summit” (Video)

Former White House Chief Strategist and Breitbart News Executive Chair Steve Bannon was a keynote speaker at a fundraiser for minority business development. He talked about the need for access to capital for minority entrepreneurs and eliminating unfair competition. He also discussed the goals of President Trump’s economic agenda including bringing manufacturing jobs back to the United States. The event was hosted by Black Americans for a Better Future.

October 12, 2017

Gordon Ramsay: Brexit Will Force Lazy UK Bosses to Invest in British Talent

Brexit will shake Britain out of laziness, according to Gordon Ramsay, who argues that curbing the “influx” of migrants will give “homegrown talent” a chance to shine.

The celebrity chef said ending access to a limitless supply of labour from across the European Union (EU) after Brexit could boost the restaurant industry and create opportunities for British workers.

“That level of influx of multinational workers in this country has sort of confirmed how lazy as a nation we are — when individuals from across the seas are prepared to come and work twice as hard for less money,” he told Radio Times.

“If anything, it’s a big kick up the a*** for the industry, and it’s going to get back to the modern-day apprenticeship.

“So not only do I welcome that kind of change, but I think it’s going to put a lot more emphasis on homegrown talent, which I think we need to do.”

In his interview with the weekly entertainment magazine, Ramsay also took aim at fellow chef Jamie Oliver, who campaigned for Remain and blamed the closure of six of his restaurants on Brexit.

The Michelin-starred chef said: “No disrespect, but we’re chefs, not politicians. When you breathe that stuff down the public’s throat and say, ‘I’m leaving if we have Brexit’, then, I’m sorry, the door stands open.

[…]

Complete text linked here.