Chriss W. Street

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Articles by Chriss W. Street

Establishment Dilemma: Pardon Edward Snowden or Hang Him

There is an increasing roar coming from the hard libertarians, the hard left and the hard right demanding that former National Security Agency (NSA) analyst-turned-cyber-security leaker Edward Snowden be pardoned, but the U.S. political establishment would rather hang him.

The Associated Press

Palo Alto Mayor Wants to ‘Meter’ ‘Reckless Job Growth’

Palo Alto mayor Patrick Burt says: “Palo Alto’s greatest problem right now is the Bay Area’s massive job growth.” And he wants to “meter” businesses to control “reckless job growth” in the Silicon Valley suburb.

Palo Alto tech workers (hjl / Flickr / CC)

How Facebook Labels Liberal, Moderate or Conservative

Although Facebook claims it is not biased politically, the company labels every user as liberal, moderate or conservative, even if they do not post or comment about politics, the New York Times reports.

zuckerberg

Bayer-Monsanto Merger Could Cost 6,666 U.S. Jobs    

Some 6,666 U.S workers could find themselves out of work, thanks to Germany’s Bayer agreeing to buy Monsanto, the American high-tech genetically modified seed and fertilizer company, for $66 billion.

Bayer (Volker Hartmann / Getty)

Most Swing States Suffering Bigger Income Losses

A new report suggests that two-thirds of the 13 presidential election swing states are suffering worse income losses than the national average under President Barack Obama. That, in turn, suggests the 2016 election could become a middle-class revolt.

Trump supporter (Jeff Swensen / Getty)

King of Bonds Warns: Higher Interest Rates, Lower Stock Prices

On September 12, the major U.S. stock market recovered over half the prior trading day’s $500 billion loss, but overvalued stock prices could be headed down if the bond market is “sniffing” that interest rates are heading up.

Stock Market

Bankrupt Hanjin Strands $14 Billion of Cargo at Sea

With “globalism” under political attack, South Korea’s Hanjin Shipping Co., one of the world’s largest shipping companies, filed for bankruptcy and stranded $14 billion of holiday stock on the open ocean after container rates tanked by 96 percent.

Hanjin (Damian Dovarganes / Associated Press)

War: Google’s Rivals Weaponize ‘Google Transparency Project’

Google’s corporate motto is “Don’t Be Evil,” but after year of using its Washington, D.C. lobbying to trash other tech companies, the “Google Transparency Project,” funded by a secretive cabal of Silicon Valley interests, is producing a steady stream of investigative reporting exposés on Google’s crony capitalism.

Google1

Un-Happy California Labor Day: 840 Factory Jobs Leaving

The 840-employee Ashley Furniture factory in Colton, California is preparing to shut down over Labor Day weekend — thanks to the state’s new $15 minimum hourly wage — and join the over 9,000 companies that have left California in the last seven years.

California flag (Justin Sullivan / Getty)

Weak Employment Growth May Delay Interest Rate Hike

Weak August employment growth of just 151,000 in total non-farm payrolls, along with a 1,000-job downward revision for July, may allow the U.S. Federal Reserve to delay raising interest rates despite inflation concerns.

The Associated Press

Samsung to Recall Galaxy Note 7 Smartphone over Explosions

Just four weeks after the Galaxy Note 7 “phablet” was unveiled to rave reviews, Samsung has suspended sales worldwide and is recalling the first deliveries due to a number of phone batteries that exploded while charging.

Samsung recall (Kim Jong-Ji / AFP / Getty)

Twitter Co-Founder Puts Company in Buy-out Mode

After plunging to an all-time-low in June, Twitter’s rise to $19 per share on rumors of a buy-out picked up credibility this week when its co-founder said the wilting social network company must ponder options, such as a buy-out.

Twitter fail whale stencil (Wapster / Flickr / CC / Cropped)

SpaceX Explosion Threatens Private Takeover of Space

An explosion Thursday in Cape Canaveral during a routine static test-fire of the nine Merlin 1D engines that power the first stage of SpaceX’s Falcon 9 rocket is the company’s second catastrophic failure in the last two years, and puts at risk the expected private sector takeover of space flight.

Elon Musk SpaceX (Jae C. Hong / Associated Press)

Obama Appoints Puerto Rico Control Board after Bond Default

The Obama administration has picked seven people to serve on a financial control board overseeing the restructuring of the Commonwealth of Puerto Rico’s $70 billion debt burden and $43 billion unfunded pension liability. Under congressional legislation signed after the island

Getty Images

Apple Only Billed $14.5 Billion for Irish Tax Scam

The EU anti-trust regulator let Apple off easy with what amounts to a spectacular bargain by ruling that the company only owes $14.5 billion in taxes and interest through the infamous “Double Irish Flip.”

Justin Sullivan/Getty Images

San Onofre to Become Beachfront Nuclear Dump Site

The San Onofre Nuclear Generating Station (SONGS) is about to be America’s first beachfront nuclear dump site, with ratepayers having already funded $4.4 billion to tear down the plant’s 3 nuclear power reactors.

San Onofre plant (Mark Ralston / AFP / Getty)

Bogus Economic Analysis Claims Cap-and-Trade Creates Jobs

An economic study produced by a top Jerry Brown administration contractor claims that although California’s SB 32 climate change bill will destroy lots of existing jobs, that is fine — because Silicon Valley will receive lots of subsidies.

Jerry Brown windmill (Saul Loeb / AFP / Getty)

Teachers Union Pushes the Bilingual Education Teachers Hate

Democrat Senator Ricardo Lara is leading the charge for the California Teachers Association union in an effort to pass Proposition 58 to revive the failed bilingual education banned by a 1998 English-only initiative.

bilingual sln_oct13_16x9

Berkeley’s Soda Tax is Upper-Class War on Poor

Although Berkeley, California claims its “soda tax” cut unhealthy purchases by 21 percent, it mostly taxes poor and exempts the high-sugared coffee treats that the upper-class crave.

AP Photo/Jeff Chiu

Cal Senate Extends Cap-and-Trade for Another Decade

The California Senate voted overwhelmingly — and surprisingly — to extend the state’s landmark AB 32 cap-and-trade law to limit so-called “greenhouse gasses” for another decade to 2030.

Jerry Brown (Rich Pedroncelli / Associated Press)