The Hyper-Wealthy Own Us (Literally)

By: Thursday June 19, 2014 8:03 am

Last year eight Americans — the four Waltons of Walmart fame, the two Koch brothers, Bill Gates, and Warren Buffett — made more money than 3.6 million American minimum wage workers combined

 

Hachette Says Amazon Delaying Book Shipments to Monopolistically Squeeze Profits

By: Friday May 9, 2014 10:46 am

Amazon controls roughly one third of the book market in the United States, giving it considerable muscle to extract favorable sales and payment terms. And according to Hachette Books, one of the largest New York publishing groups, Amazon is monopolistically delaying shipment of hard cover books 2-4 weeks by authors like Stephen Colbert and Malcolm Gladwell in order to do just that.

Silicon Valley Makes Another Attempt to Dodge Taxes With G20

By: Monday January 20, 2014 10:06 am

Silicon Valley likes to present itself as some hub of boot strapping entrepreneurs, nothing could be further from the truth. The entire economy is built on government subsidies and protection. As Steve Blank notes in his famous presentation The Secret History of Silicon Valley the place would not even exist without the Department of Defense which, in partnership with former World War II intelligence workers at Stanford University, provided the capital and infrastructure for high tech economy. That support continues to this day both from the Pentagon, the National Science Foundation, and also a number of other government funders.

Why the Washington Post’s New Ties to the CIA Are So Ominous

By: Monday January 13, 2014 7:15 pm

American journalism has entered highly dangerous terrain. A tip-off is that the Washington Post refuses to face up to a conflict of interest involving Jeff Bezos — who’s now the sole owner of the powerful newspaper at the same time he remains Amazon’s CEO and main stakeholder.

The CIA, Amazon, Bezos and the Washington Post: An Exchange with Executive Editor Martin Baron

By: Wednesday January 8, 2014 2:20 pm

A basic principle of journalism is to acknowledge when the owner of a media outlet has a major financial relationship with the subject of coverage. We strongly urge the Washington Post to be fully candid with its readers about the fact that the newspaper’s new owner, Jeff Bezos, is the founder and CEO of Amazon which recently landed a $600 million contract with the CIA. The Washington Post’s coverage of the CIA should include full disclosure that the sole owner of the Post is also the main owner of Amazon — and Amazon is now gaining huge profits directly from the CIA.

Late Night: Under Amazon’s CIA Cloud: The Washington Post

By: Wednesday December 18, 2013 8:00 pm

News media should illuminate conflicts of interest, not embody them. But the owner of the Washington Post is now doing big business with the Central Intelligence Agency, while readers of the newspaper’s CIA coverage are left in the dark.

Automatic Delivery Yes, but Not by Flying Drone

By: Monday December 2, 2013 10:52 am

We probably won’t have a lot of flying drone deliveries for the same reason we still don’t have many jet-packs and flying cars. From a physics perspective traveling short distance on the ground is almost always smarter.

Jeff Bezos Letter to Staff Hints at Changes He’ll Make at the Washington Post

By: Wednesday August 7, 2013 3:50 pm

If Bezos intends to wring those revenues out of online advertising — the only growing segment of the Post’s revenue stream — he’s going to come up against the Google monopoly.

FDL Book Salon Welcomes Nicco Mele, The End of Big: How the Internet Makes David the New Goliath

By: Sunday May 26, 2013 1:59 pm

Nicco Mele is a man who knows the internet. The webmaster for Howard Dean’s presidential campaign in 2004 and the founder of a leading internet strategy firm, his discussion moves between the effect of Twitter on news reporting, Hollywood’s relationship with Netflix and Al Qaeda’s use of YouTube. These are only three of the many examples which make this book so interesting. The big ideas are sustained by engaging anecdotes.

The theme of Mele’s book is the effect of “radical connectivity”, which he describes as “our breathtaking ability to send vast amounts of data instantly, constantly and globally”, thus transforming politics, business and culture.

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