Silicon Valley venture capital blowing up the US defense industry
“I’m a propagandist, I’ll twist the truth, I’ll put forward only my version of it if I think that’s going to propagandize people to believe what I need them to believe.” – Palmer Luckey
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Really peaceful countries do not waste life and energy in war preparations, With the result that peace is maintained.
Emma Goldman, Patriotism, a Menace to Liberty, Works of Emma Goldman 1911
Trump announces picks for deputy secretary of defense, other top DOD posts
Read More »After years of failed promises on transit, Silicon Valley is loading cars with new technologies to get a cut of the profits—and to collect data on us.
Big Tech Is Watching You as You Drive (archived)
The US Federal Reserve printed $300 billion in a week to save collapsing banks and bail out Silicon Valley oligarchs. 93% of Silicon Valley Bank’s deposits were uninsured, over the FDIC limit of $250,000, but the government still paid them. 56% of SVB’s loans went to venture capitalist and private equity firms.
US government bailout of Silicon Valley and banks is $300B gift to rich oligarchs
America’s $52 Billion Plan to Make Chips at Home Faces a Labor Shortage
Another possible fix would be to keep people in the workforce longer, by raising the age at which workers can begin collecting Social Security or tapping into their pensions or 401(k)s. Yet Harry Holzer, a former US Department of Labor chief economist now at Georgetown University, says that neither feels politically feasible right now. Immigration has been a toxic issue in American politics for years, and Social Security has long been an untouchable entitlement. “None of that is doable,” Holzer says, which means “our labor force growth is going to continue to be modest.”
Related:
How manufacturing chips in the US could make smartphones more expensive
Morcos says a top concern of his is the narrowness of the CHIPS Act. Without bringing related device manufacturing back to the U.S., such as device batteries, sensors, cameras, antennas, and hundreds of other components, the manufacturing process could require the most critical component to be produced stateside, then shipped overseas to be assembled with hundreds of other components into a device that is then shipped back to the U.S. for the American consumer.
Work longer, for less pay, and you still won’t be able to afford the latest smartphone or laptop?! 🤷🏼♀️
Video via TK News
Transcript: Tim Robbins and the Lost Art of Finding Common Ground
Just saw The Shawshank Redemption, for the billionth time, yesterday.
Uber now has to pay an unspecified millions of dollars over allegations it was milking every cent it could from disabled riders who dared take an extra minute or two longer to get inside a car.
Uber Will Finally Pay Up for Overcharging Passengers With Disabilities
The Biden administration is no longer in charge of the White House. Relying on a select network of think-tanks and their corporate proxies, the Big Defense is. What it wants, it seems to get.
The Centre of International Insecurity
Related:
Scott [Horton] is joined by Dan Steinbock to discuss an article he wrote about the network of Democratic organizations running American foreign policy. Steinbock has dug deep into the Center for a New American Security (CNAS) and WestExec Advisors, two organizations that have allowed top foreign policy officials to make money cycling between government, think tank and advisory roles. Steinbock also takes a step back and examines how these organizations are connected to weapons companies, Wall Street and technology firms.
6/27/22 Dan Steinbock: How Hawkish Democrats Make Money Pushing War
Ms. Cat’s Chronicles 
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