Microsoft maintains the fiction that it has sold its most valuable copyrights and other intangible assets to a tiny factory in Puerto Rico, where, thanks to promising to hire a mere 85 workers, it pays effective zero tax; the company transfers almost all its profits to this factory to "license" its own crown jewels, making the company totally unprofitable on paper, and thus immune from taxation. Read the rest
America's telcoms sector is hugely concentrated and corrupt, and systematically underinvests in maintenance and infrastructure even as it gouges customers, which it can get away with thanks to its monopoly power, leaving Americans with some of the world's worst, most expensive communications services. Read the rest
We've been closely following the plan by Google sister company Sidewalk Labs to build a surveilling "smart city" in Toronto; last week, I sat down with the Out of Left Field podcast (MP3) to discuss what's going on with Sidewalk Labs, how it fits into the story of Big Tech, and what the alternatives might be. Read the rest
If you know the name Robert Bork, it's probably in the context of his failure to secure Senate confirmation when Ronald Regan put him up for the Supreme Court (his sins from his days in the Nixon administration caught up to him). Read the rest
Between 2010 and 2016, the FDA approved 210 new medicines and every single one was produced at public expense, part of a $1T US government investment project in medical research. Despite this massive public subsidy, the pharma industry has only grown more concentrated and rapacious, raising prices and diverting the profits to their execs and investors, who now pocket 99% of industry profits: the industry made $500B in profits between 2006 and 2015, and during that time, the US government pumped $33b/year into pharma research. Read the rest
Monsanto ran a "fusion center" (a term borrowed from law-enforcement counter-terrorism operations) that spied on activists and journalists who were investigating the safety of its products, notably the link between its "Round Up" pesticides and cancers. Read the rest
Officially, Americas total 2017 corporate lobbying group spending was $535m, but as much as $675m more was funneled from industry groups to politicians as part of influence campaigns. Read the rest
Jeff Berman's got a new job! The former Obama/Clinton staffer is now Beto O'Rourke's senior advisor, having moved laterally from his post-Obama-campaign career working for the DC lobbyists Bryan Cave, where he lobbied on behalf of Seaworld, the Keystone XL pileline and the private prison industry. Read the rest
Joe Biden, a colossal asshole, wants to be the Democratic nominee for president in 2020 and in the most on-brand move ever, he's launched his campaign with a fundraiser hosted by the chief lobbyist for Comcast, the most hated company in America. (Image: Ildar Sagdejev, CC-BY-SA) Read the rest
It's not just Amazon and Apple that expect massive taxpayer subsidies in exchange for locating physical plant in your town: when Google builds a new data-center, it does so on condition of multimillion-dollar "incentives" from local governments -- but Google also demands extraordinary secrecy from local officials regarding these deals, secrecy so complete that city attorneys have instructed town councillors to refuse to answer questions about it during public meetings. Read the rest
If there's one issue that the Democrats could win votes with, it's limits on pharmaceutical prices, because virtually every American agrees that we're being ripped off by Big Pharma (and that goes double for Obama Democrat voters who switched to being Trump voters in 2016). Read the rest
When Trump's FCC Chairman Ajit Pai killed Net Neutrality (by illegally ignoring legitimate comments in support of it in favor of millions of anti-Net Neutrality comments sent by identity-stealing bots), he promised that it would spur growth in the telcoms sector -- and of course, he should know, because he used to be a Verizon exec. Verizon agreed: they objected to Obama-era Neutrality orders by saying the measures would "severely curtail job growth." Read the rest
For a generation, big box stores have swept across America, using predatory pricing and other dirty tricks to kill the independent retail sector; they used their corporate lobbying muscle to tempt cities and towns into handing out massive corporate welfare checks to lure them to town, and now, with the help of hustling contingency lawyers, they are promulgating a property-tax scam called "the dark store theory" that is cutting their taxes in half or more, with further reductions every year, and no end in sight. Read the rest
Here's my reading (MP3) of Zuck's Empire of Oily Rags, a Locus Magazine column about the corruption implicit in surveillance capitalism, which creates giant risks to users by collecting sensitive information about them in order to eke out tiny gains in the efficacy of targeted advertising. The commercial surveillance industry may not be very good at selling us fridges, but they're very good at locating racists and thugs and getting them to support violent political movements.
With Trump poised to exact high tariffs on goods from China, it's tempting to declare the gadget party over: everyone is going to pay through the nose for electronics, from makers to Apple, and that's the end of the story, right? Read the rest
Here's my reading (MP3) of Let's get better at demanding better from tech, a Locus Magazine column about the need to enlist moral, ethical technologists in the fight for a better technological future. It was written before the death of EFF co-founder John Perry Barlow, whose life's work was devoted to this proposition, and before the Google uprising over Project Maven, in which technologists killed millions in military contracts by refusing to build AI systems for the Pentagon's drones.
George Osborne was David Cameron's Chancellor of the Exchequer, the architect of UK austerity; he was fired by Theresa May when she became Prime Minister and he did not run for re-election in the disastrous election of 2017, instead taking a job as editor-in-chief of the Evening Standard. Read the rest
