Why Facebook’s Long Reign May Be Coming To An End

Sears and Blockbuster fell because neither was able to adapt and grow with its consumer base. Is Facebook making the same mistakes?

Over the last several years, Facebook has gone from facilitating the free flow of information to inhibiting it through incremental censorship and account purges. What began with the ban of Alex Jones last summer has since escalated to include the expulsion of hundreds of additional pages, each political in nature. And as more people become wary of the social media platform’s motives, one thing is absolutely certain: we need more market competition in the realm of social media….

>>> continue reading: Why Facebook’s Long Reign May Be Coming To An End

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The DEA And ICE Are Hiding Surveillance Cameras In Streetlights

“I can tell you this—things are always being watched.”

The US Drug Enforcement Administration (DEA) and Immigration and Customs Enforcement (ICE) have hidden an undisclosed number of covert surveillance cameras inside streetlights around the country, federal contracting documents reveal.

According to government procurement data, the DEA has paid a Houston, Texas company called Cowboy Streetlight Concealments LLC roughly $22,000 since June 2018 for “video recording and reproducing equipment.” ICE paid out about $28,000 to Cowboy Streetlight Concealments over the same period of time.

>>> continue reading: The DEA And ICE Are Hiding Surveillance Cameras In Streetlights

Jeff Bezos Puts The Pentagon On His Monopoly Board

While employees at Google and Microsoft are wary of collaborating with the military, Amazon revels in it.

Speaking at the Wired 25th anniversary last month month, Amazon CEO Jeff Bezos announced that his company will continue to accept Pentagon contracts. That includes a very controversial cloud-computing contract that Google and Microsoft have already backed out of due to vocal employee opposition to working with the U.S. military.

Amazon was long considered the front-runner for this contract, but Bezos’s rationale for taking it goes well beyond its being low-hanging fruit. He’s argued that the government’s job is to “make the right decision, even when it’s unpopular,” and that large tech companies should support those decisions irrespective of politics….

>>> continue reading: Jeff Bezos Puts The Pentagon On His Monopoly Board

Yet Another Reason Not To Monopolize Government Data: China Hacks And Spies

The United States Department of Defense (DoD) has for the last several months been considering private sector bids to provide the DoDs club backup computing services.

It’s a big deal.  Upwards of $10 billion for ten years’ worth of backup server service.

Why Pentagon Cloud-Computing Contract Is a Huge Deal

Ok – it’s a huge deal.

We have highlighted a great many red flags during the DoD bidding process….

>>> continue reading: Yet Another Reason Not To Monopolize Government Data: China Hacks And Spies

The Stock Market Has Just Done Something That It Hasn’t Done Since 2009

We continue to see extremely wild swings on Wall Street.  On Monday, at one point the Dow Jones Industrial Average was up 352 points, and then later it was down 566 points.  At the closing bell the Dow had officially lost 245 points, and all of this extreme volatility is making investors very nervous.  Investors like markets that are predictable, because it is a whole lot easier to make money when things move in a predictable fashion.  When things get crazy, a lot of investors pull their money out and wait until things settle down in the marketplace, and that definitely makes a lot of sense.  Right now, there is a lot of uncertainty about where things are ultimately headed.  Some experts believe that the bull market will resume after this “correction” is over, but others believe that a bear market has now begun.  And as you will see below, the fact that the S&P 500 has now broken a major trendline that has not been broken since 2009 is strengthening the case of the latter group.

Many had anticipated that we may see a bounce on Monday, but instead we witnessed another very large decline.  According to Zero Hedge, all of the major stock indexes are now officially in correction territory….

>>> continue reading: The Stock Market Has Just Done Something That It Hasn’t Done Since 2009

How Best Buy Survived The Retail Apocalypse

American retail is in a full blown crisis. Last year, Toys ‘R’ Us filed for bankruptcy. A few days ago, Sears followed suit. Other big names like Walgreens, Gap, J.Crew, and Macy’s are struggling to keep their heads above water.

Yet one well-known name is on remarkably solid footing: Best Buy.

Claiming about 15 percent of the U.S. consumer electronics market, the retailer’s profit margins and revenue are stable, with the latter beating expectations in six of the last seven quarters. Its overall number of stores has held steady for a decade, at around 1,000 nationally. Its share price has jumped around 270 percent in the last five years, a run of success called “remarkable” by none other than Jeff Bezos, the CEO of Best Buy’s putative vanquisher Amazon….

>>> continue reading: How Best Buy Survived The Retail Apocalypse

Amazon Pushes ICE To Buy Its Face Recognition Surveillance Tech

Amazon employees are up in arms about possible collaborations with law enforcement. That hasn’t stopped Amazon reps from pitching ICE on its face-scanning tech.

Officials from U.S. Immigration and Customs Enforcement met with Amazon this summer and the corporate giant pitched the government agency on its controversial technology that can identify people in real time by scanning faces in a video feed, documents obtained by the Project on Government Oversight show….

>>> continue reading: Amazon Pushes ICE To Buy Its Face Recognition Surveillance Tech

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