Chriss W. Street - Page 29

A big chunk of the world is cheering the fact that India was gutsy enough to shut down Facebook’s “Free Basics,” because even the poor can recognize corporate digital colonialism.

As Breitbart News has warned would happen after Obama bundler Chris Sacca led a Board of Directors coup last June to oust popular CEO Dick Costolo and muzzle conservative free speech, Twitter announced that their core users declined in late 2015.

Yelp! stock became the latest Silicon Valley darling in the week before Valentine’s Day to tank by double-digits, as big investors retaliated for the 50 percent stock drop since December by forcing the company’s CFO to resign.

With less than a week until Valentine’s Day, investors’ love affair with Silicon Valley continues to come undone as the tech-stock heavy NASDAQ Index plunged on the Feb. 8 opening down 3.5 percent.

The key takeaway from this year’s Davos World Economic Forum was that the planet is on the cusp of a disruptive fourth industrial revolution that must be managed by a collective of leftist elites and their corporate cronies.

LinkedIn’s epic $11.1 billion single-day-stock-plunge on February 5 represents the proverbial “ canary dying” in Silicon Valley’s gold mine as tech jobs are vaporized.

Scientists have confirmed that oil drilling wastewater disposal in off-site wells may trigger some earthquakes in California.

The bipartisan Legislative Analysts’ Office has announced that California’s 2015-16 personal income tax collection has fallen from a huge surplus to a $147 million deficit. The cause appears to be plummeting Silicon Valley capital gains and weakening tech employment.

Despite an apparently level unemployment rate, a wave of corporate downsizing in the retail, computer, and telecommunication sectors pushed job-cuts to their highest level since the 105,696 layoffs last July, according to the latest report by the Challenger, Gray & Christmas, Inc. outplacement services.

The family of a 79-year old Porter Ranch resident filed the first wrongful death lawsuit against the Southern California Gas Company on Feb. 2 for contributing to her death. About 100,000 metric tons of methane gas has leaked into the atmosphere from the company’s facilities since October.

If Zika–or a possibly mutated strain–can also spread through sex, then it poses a risk of another HIV/Aids pandemic.

The Digital First Media (DFM) conglomerate, which controls 800 multi-platform newspaper and media information products, announced that it is interested in bidding against the Tribune Corporation, which owns the Los Angeles Times, for control of the bankrupt Orange County Register newspaper. The owner

Facing a barrage of criticism from business, and labor skepticism over threats of higher unemployment, Oregon Governor Kate Brown is scaling back her $15.52 minimum wage proposal.

Yahoo! CEO Marissa Mayer faces a showdown with activist investors on the company’s February 2 earnings call that could create another Twitter-style disaster.

Amazon set a quarterly earnings record of $1 a share on $35.7 billion in sales last quarter, but traders sent the stock plunging over 7% Friday after the e-commerce company missed Wall Street’s earnings estimates by 36 percent.

The U.S. economy hit stall speed as growth shriveled to just 0.7 percent in the fourth quarter of 2015, with strong personal income growth concentrated in a small number of elite American communities.

Facebook’s stock jumped by 15.5 percent, or $35.3 billion, after the company announced it now has over 1 billion daily users on average, and control half of all social media accounts on the planet.

Despite announcing record quarterly sales through the end of 2015, the market valuation of Apple Inc.’s stock is down $254 billion since this summer. The company has now admitted revenue through March will be down by 10-15 percent as the iPhone sales stall.

Twitter’s CEO Jack Dorsey disclosed that almost half of Twitter’s senior managers are jumping ship, as the former #3 social media darling has fallen to #8 and monthly average users shrank by about 8 million since the end of October.

The China recession meteor has been hell for stock investors, but it is manna from heaven for the Gordon Gekko types on Wall Street that see bigger merger and acquisition opportunities from cheap valuations and rock bottom borrowing costs for big rich firms.

Democrats hypocritically blame the Supreme Court for the Citizens United v. Federal Election Commission (2010) ruling that supposedly allows money to dominate politics, but the biggest checks are being written to Democrats by Californian hedge fund billionaire Tom Steyer.

With U.S. stocks tanking by over 500 points at one point on January 20, the only good news is the crash would be worse if America had already signed the Trans-Pacific Partnership.

Covered California has been such a success at driving up healthcare premiums and blowing through $1 billion in federal subsidies that the state legislature’s liberal Democrats are poised to launch “Secure Choice” in an effort to take over Californian’s individual

California Governor Jerry Brown is in a strong position to pursue his agenda for the next three years, with the latest Field Poll showing registered voters giving him a 56 percent approval rating, and $24 million left in his campaign account.

The Federal Reserve reported foreign central-banks sold a record $47 billion in U.S. Treasuries during the first two weeks of 2016 in a desperate effort to slow the rising U.S. dollar and to avert domestic banking crises.

The termination of nuclear sanctions means Iran will pocket about $215 billion in cash, sell another million barrels of oil a day (bpd), and produce 5 million more bpd within 10 years; while the West gets 20 years of cheap oil.

Silicon Valley tech stocks that have led world stock markets up since the March 2009 bottom of Great Financial Crisis led markets down on January 15, with the Dow Jones Industrial Average tanking 537 points before recovering to a still

Los Angeles residents of impoverished Chinatown were shocked to learn on January 17 that the Walmart they pleaded for years to get would be shut down at 7 p.m. Sunday evening due to the city’s new $15 minimum wage ordinance, and union harassment.

The family of a 46-year-old former Florida Sheriff killed while providing police training in the Middle East has sued Twitter, claiming the company “knowingly permitted” ISIS accounts to spread extremist propaganda.

In the Obama Administration’s latest welfare for Silicon Valley billionaires, the President intends to ask Congress for $4 billion in federal subsidies and nationalization of transportation safety regulations in an effort to speed the deployment of driverless cars.

Only four counties out of California’s 58 have fully recovered from the Great Recession, in the sixth year after the official economic recovery began.

With Hillary Clinton’s polls collapsing, Google CEO Eric Schmidt’s project “The Groundwork,” which was supposed to lead Silicon Valley’s effort to put Clinton into the White House, appears to be failing.

The usually reserved Royal Bank of Scotland (RBS) just told its clients that with emerging market trade as measured by the cost of ocean shipping plunging since August by 67 percent, 2016 will be a “cataclysmic year” and investors should “sell everything.”

Oil crashed by 6.3 percent to $30.98 on January 11, as the price of crude oil continues to fall toward the $25 break-even cost of production that Breitbart News predicted last March.

Tesla Motors stock jumped by $5 at the opening on January 11 in response to an update to its hands-free operation, but then ethical concerns that drivers would do crazy things caused a $10 plunge. In October, Tesla October released

Since Obama bundler Chris Sacca led the board of directors coup to fire CEO Dick Costolo in June, Twitter has fallen from number 3 to number 7 in social media popularity, and the stock price has lost $12 billion in value.