Category Archives: Economy
Koch Brothers Abandon Trump
The Koch brothers have jumped ship. They’ve given millions to Republicans in the past but they say they’re more interested ideas than party.
Daniel Henninger in the WSJ reports, “In an interview, Charles Koch said trade wars and prosperity were incompatible and that his organization’s financial support wouldn’t depend on party affiliation.”
Donald Trump called Koch “a total joke in real Republican circles.”
Koch Brothers Abandon Trump
Henninger askes, “what Republican circles?”
Rather than a one-off event or joke, the Kochs look more like a phenomenon emerging on the right and left, including MoveOn, Daily Kos, Breitbart, Black Lives Matter, Club for Growth and Netroots Nation.
Some voters will tie themselves to the Trump mast and ride it out. But Charles and David Koch aren’t a joke. That feud was a warning shot.
Possible Fake News Tesla Tweets
Elon Musk tweeted that he wants to take Tesla private and has $70 billion in backing to do it. Tesla shares jumped 10% on the news. But now that the S.E.C. is on his case for possible fake news Tesla tweets the stock is back to ground zero.
Facebook Likes Your Bank Account
Facebook says it would like to add your bank account to its data mining operations.
Trillion Dollar Apple
On Thursday Apple became the first company ever to be valued over a trillion dollars.
Trillion Dollar Apple
That’s a number equal to one fourth of annual federal spending. Or one twentieth of the federal debt.
Facebook Face Plant
The stock market unfriended Facebook yesterday. Investors vaporized $119 billion of Facebook’s value – 20% of the company’s market cap. It was the biggest 24 hour stock sale in history.
Facebook Face Plant
Founder Mark Zuckerberg face planted too. He lost $15 billion in for the day.
Hope his student loan is paid off.
