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Twitter, Square and Jack Dorsey

Source: Jack Dorsey is an American entrepreneur who co-founded Twitter and Square. Sun is just coming up over Austin By God Texas, delivering on the promise of another spectacular sunny, summer masterpiece, y’all. On Earth as it is in Texas! From time to time, there are those who have taken issue with Jack Dorsey’s dual roles as CEO of both Twitter and Square. Hard to believe, actually, but let’s take a look at the most important report card – RESULTS. Name’s Jack, Jack Dorsey, and I co-founded Twitter and Square. Now, I’m the CEO of both of them. You have a problem with that? [This is a guy named by 24/7 Wall Street in 2017 as one of the Worst CEOs in America, following on the heels of Fox News similarly picking him as the #4 Worst CEO of 2016. TechCrunch picked him as the Founder of the Year 2012. More importantly, Forbes picked him as the World’s Most Eligible Bachelor 2013. Guy’s been on a roll!] The stock market, however, has an entirely different view of Jack. Twitter This is how Twitter’s stock has performed in the last year. Square This is how Square has done. So, dear reader, there you have it. A bet on the jockey named Jack Patrick Dorsey in the last year was a bit of all right, no? OK, so Jack wasn’t always a male model stud. Haha. Cruel, but he’s done pretty damn well since this pic was taken, no? So, there’s hope for all of us? But, hey, what the Hell do I really know anyway? I’m just a Big Red Car. Have a great weekend! Call someone this weekend who hasn’t had the delight of hearing your lovely voice in a while. It will make YOU feel better.   Share this:TweetShare on TumblrPrint Related Source:

What You Need to Know About Wilbur Ross’ Many Conflicts — “Trump, Inc.” Podcast

The Trump Administration The 45th President and His Administration Trump, Inc. Exploring the Mysteries of the President’s Businesses Find "Trump, Inc." wherever you get your podcasts. There’s a chance you missed it amid the other news, but Forbes had a blockbuster story about Commerce Secretary Wilbur Ross. It turns out, Ross bet against the stock of a company after journalists had contacted him with questions about his connections to the firm. Using inside information in stock trades is illegal. Ross has denied he profited from the bet against the stock. And that’s only one of the revelations from Forbes’ story. “Trump, Inc.” spoke to reporter Dan Alexander about what else he found. Ross transferred many of his assets to a family trust last fall. Among those assets: an auto parts firm owned jointly with a Chinese-government-owned entity, and a stake in a shipping company also owned in part by Russian oligarchs. Listen to the Episode There is no evidence Ross made any policy decisions based on his financial interests. “But the problem is that you have to wonder,” says Alexander. “And usually we don’t allow people to hold interests in which the public is left wondering.” Contact Us You can contact us via Signal, WhatsApp or voicemail at 347-244-2134. Here’s more about how you can contact us securely. You can always email us at [email protected] And finally, you can use the postal service: Trump Inc at ProPublica 155 Ave of the Americas, 13th Floor New York, NY 10013 “Trump, Inc.” is a production of WNYC Studios and ProPublica. Support our work by visiting or by becoming a supporting member of WNYC. Find it wherever you get your podcasts. Filed under: The Trump Administration Politics

Funding Friday: Ai’s Poems

I hit the play button and heard her voice say “My poems are harsh, but they are meant to show the truth, which a lot of people are afraid to face.” That sold me. I made a significant contribution to this project to bring Ai’s Killing Floor back into print. Maybe you will join me.

China, Tariffs, Trade War

Source: China, tariffs, trade war – hello, America! Big Red Car here on a gloriously sunny Thursday contemplating recent developments in regard to China, tariffs, and a trade war. China is a bad actor and has been for years. They have been stealing American technology – both from an espionage perspective and an industrial/commercial perspective – for half a century. But, it is not just the “big stuff” like software, hardware and military gear. If you are going to be the King of the Jungle, you have to act like a lion. China, tariffs, tradewar – background me up, Big Red Car When the student is ready, the teacher will appear. 1. China is the home to 88% of all the counterfeit goods produced on the planet. Consider this for a second – how can a sovereign nation be the sole location for 88% of all counterfeit goods without political approval at the highest level? Know that counterfeit goods displace the sale of legitimate goods. You buy a knock off Polo shirt? You don’t buy a real Polo shirt, no?  2. China does not recognize, enforce, respect patents and pharmaceutical formulae. They just steal this stuff. American company spends 10 years and a billion dollars developing a wonder drug? China reverse engineers it, knocks it off, has it in the marketplace in less than six months at 10% of the price or as a counterfeit posing as the real thing at full price. [Comment about counterfeiting – when a counterfeit is produced, the bad actor can decide to market it as a “knock off” or as the “real thing.” When they market it as the real thing, they commit a second crime. Other than the Prada bags on Canal Street in NYC, many Chinese counterfeits (particularly building materials like bolts) are passed off as the real deal.]  3. China requires American companies to divulge their intellectual property, trade secrets, confidential information, customers, proprietary information as a condition of doing business in China. No disclosure? No permission to do business in China. It is grossly heavy handed.  4. China requires American companies to take on a Chinese partner who – wait for it – steals the tech for them.  5. None other than President Xi Jinping has announced a formal program called “Made in China 2025” which is the codification of attempts to “assimilate and absorb imported technology for the benefit of China.” Yes, that is the government’s imprimatur for the wholesale theft of secrets. From the President-for-Life himself. President Xi of China – before he started wearing Western suits and was anointed as President-for-Life. The Obama admin did nothing about Chinese intellectual property theft. [“Hey, is that a couple of forks sticking out of Xi’s jacket pocket?”]Don’t believe me? Read this. The Report of The Commission on the Theft of American Intellectual Property 2013. The Report of The Commission on the Theft of American Intellectual Property, 2017 Update. China, Tariffs, Big Red Car? So, the United States, has been complaining to the World Trade Organization about Chinese bad behavior since 2001. Nothing happened. [The WTO is where you go to complain about counterfeiting. They have done a good job against other countries for counterfeiting, not China.] You cannot get people to change their behavior if there are no consequences.  1. On 6 July 23018, the United States imposed a 25% tariff on $50B of Chinese goods. [Does not include the 25% steel tariff or the 10% aluminum tariff from March 2018.] Senators Chuck Schumer, Marco Rubio both applauded it calling it a “theft tax.” The US called the Chinese out saying their actions were necessitated by wholesale “forced technology transfer and intellectual property theft by the Chinese.” This kind of in-your-face confrontation is something I like about the Trump administration.  2. The Chinese retaliated by announcing a tariff on $50B of US goods.  3. The US, volleying at the net, enacted a tariff on an additional $200B of Chinese goods.  4. The US has threatened an additional $200B in tariffs. Thereafter, the Chinese complained of the US “provoking a trade war.” Huh? We’ve been at war over trade with the Chinese for half a century. [From before Nixon opened China in 1973.] Until President Trump took this action, Presidents since Ronald Reagan “talked” to the Chinese, but did nothing. Give me some numbers, Big Red Car OK, dear reader, here are the numbers. China imports $130B from the US. The USA imports $506B from China. The USA-China trade deficit is approximately $375B. So, dear reader, who has more at stake here? Who has the upper hand in a trade war? The US consumer buys 88.5% of what it buys from domestic sources. This is an important point – the USA can do without what China sells us in our $19T US GDP. Again, we import $506B (billion) from China as part of a GDP of $19T (trillion). Advantage USA. President-for-Life Xi in his new Western suits with his wife visiting The Donald and Melania in Florida. Game on. To be fair, remember that China holds more than a trillion dollars of US debt which is approximately 20% of all outstanding US debt. Why I Appreciate President Trump The world’s leaders are 0.323% doers and 99.677% bullshitters. President Trump is a doer. Today, I explained to someone that President Trump is not a conservative; he is a pragmatist. He is unafraid of a fight. If you come to his house and steal the silver, he will slap you silly. This is a fight which is way overdue. Time to stop kicking this can down the road – like North Korea, you say? Haha, yes, you are right. Game the fuck on, y’all! But, hey, what the Hell do I really know anyway? I’m just a Big Red Car. Be good to yourself.     Share this:TweetShare on TumblrPrint Related Source:

Some Words Of Wisdom

I saw this tweetstorm today from Suhail Doshi, founder of Mixpanel. 1/ Getting my first 100 customers always felt like a puzzle. The next 1000 seemed unreachable. Besides, how can you get feedback to make the product better w/o users? After many years, we ended up w/ 6,000+ paying customers. It was a grind to get there.???? Here’s what I Iearned… — Suhail (@Suhail) June 20, 2018 If you click on this link you will be taken to the entire thing. I wish I knew how to embed the entire tweetstorm. I would have done that here. There are some real pearls of wisdom in here, like this: 2/ This 1st lesson comes hard learned for most engineers: get up — away from your monitor—and talk to your users! I know it’s safer & comfortable to just email people but it’s also easier to ignore you. Your first 100 customers are usually acquired as a result of YOU selling. — Suhail (@Suhail) June 20, 2018 And this: 4/ You should put as much energy into the first 3 steps of your product (including your landing page) as you do your entire product after those steps. If people don’t get past step 3, your whole product didn’t matter anyway. It’s easy to get caught up in building the other stuff. — Suhail (@Suhail) June 20, 2018 And this: 7/ Find a niche of customers instead of trying to be something for everyone. FB started w/ elite colleges. SoundCloud started w/ bedroom producers collabing. Airbnb w/ spare bedrooms. It’ll be easier to explain your product making it easier to convince the right early users. — Suhail (@Suhail) June 20, 2018 My partner Brad calls that last one “finding the narrow point of the wedge.” Getting your product right is critical. But getting your “go to market” right is just as important. They are two sides of the same coin and influence each other greatly. Suhail’s tweetstorm makes that point so well.