Silicone Valley is the home to tech giants like Facebook, Apple, and Google. It’s also home to a surging working homeless population who live in dilapidated RV’s, tents, and their own cars, all thanks to the policies Democrats love to implement.
The surging number of those working in Silicone Valley and still unable to afford adequate housing should be a warning about big government, but it sure doesn’t seem like anyone is taking notice as their taxes continue to rise. As governments creep toward socialism though, poverty becomes the norm, not the exception. Silicon Valley has the highest median income in the nation. But a soaring tax burden and expensive regulations have caused housing prices to increase which has also caused homelessness to surge.
More than 10,000 people were living without shelter across San Jose and Santa Clara Counties on any given night in 2016, though that figure is probably low. Thanks to big government, the cost of living is not low. An influx of tech workers along with decades of under-building (thanks again to the regulations of big government) has created a historic homelessness in the Bay Area.
This post was published at shtfplan on December 7th, 2017.
Tripped up by ‘eroding affordability and persistently low inventory.’ Pending home sales in California, based on signed contracts, fell 2.6% in October compared to a year ago, the fourth month in a row of year-over-year declines, after having dropped 6% in September, 3.5% in August, and 2.6% in July.
‘A continued scarcity of housing inventory, which drove up home prices, may squeeze the market heading into the closing months of the year,’ explained the California Association of Realtors (C. A. R.) in the report.
Of the three major regions, only the Central Valley booked gains.
San Francisco Bay Area: Pending home sales dropped 10.5% year-over-year in October, after having dropped 10.8% in September, 11.6% in August, 11.5% in July… the 13th month in a row of year-over-year declines. In the two counties that make up the core of Silicon Valley – the counties of San Mateo and Santa Clara – pending sales plunged 10.9% and 21.4%! San Francisco County was ‘the anomaly,’ as the report put it, with pending sales jumping 15.1%.
This post was published at Wolf Street on Nov 25, 2017.
This post was published at jsnip4
Tech, including Facebook and Google, lent their support to a host of misleading scare tactics.
Wolf here: After the US Congress repealed restrictions earlier this year, your broadband provider (ISPs such as Comcast, Verizon, or AT&T) can monetize your private data. ISPs know practically everything you do on the internet, and they know who you are and have your credit data from credit bureaus such as Equifax. California tried to pass legislation that would have reinstated some of those protections. So this is not just about a legislative defeat of internet privacy in California, but about how lobbyists for the tech industry in general operate.
As this succeeded in California – via falsehoods and national security scaremongering – the campaign is now heading to other state legislatures because the industry wants to monetize all your data in a world where you and your data are the product.
By Ernesto Falcon, Electronic Frontier Foundation. Across the country, state lawmakers are fighting to restore the Internet privacy rights of their constituents that Congress and the President misguidedly repealed earlier this year. The facts and public opinion are on their side, but the recent battle to pass California’s broadband privacy bill, A. B. 375, suggests that they will face a massive misinformation campaign launched by the telecom lobby and, sadly, joined by major tech companies.
This post was published at Wolf Street on Oct 24, 2017.
Freed of any need to be marginally politically-correct, former Trump chief strategist Steve Bannon took his fight to the Republican establishment during a speech to a capacity crowd at an almost oxymoronic California Republican Party convention.
The ubiquitous protesters were there…
But were kept behind steel barricades on a plaza across an entrance road at the hotel and no arrests were made, as Bannon blasted former President George W. Bush for ’embarrassing himself’ for his comments suggesting a Trump America led to ‘nativism’ and ‘casual cruelty.’
Bannon said Bush has no idea whether ‘he is coming or going, just like it was when he was president.’ ‘There has not been a more destructive presidency than George Bush’s,’ Bannon added, as boos could be heard in the crowd at the mention of Bush’s name.
As AP reports, the remarks came during a speech thick with attacks on the Washington status quo, echoing his call for an ‘open revolt’ against establishment Republicans.
This post was published at Zero Hedge on Oct 21, 2017.
In response to the establishment media’s contrived ‘fake news’ crisis designed to marginalise independent and alternative media sources of news and analysis, 21WIRE is running its own #FakeNewsWeek campaign, where each day our editorial team at 21st Century Wire will feature media critiques and analysis of mainstream corporate media coverage of current events – exposing the government and the mainstream media as the real purveyors of ‘fake news’ throughout modern history…
As mainstream media pundits, government officials and Silicon Valley technocrats continue the alarmist crusade over the perceived scourge of ‘fake news’ circulating on social media, their misplaced obsession belies the fact that the government-media complex has long been waging its own private disinformation war, against the global public.
As the establishment continues its attempt to discredit alternative sources of information through its fake news faux crisis, it’s clear that some corporate media moguls would like to turn back the clock – back to the days when a handful of powerful institutions enjoyed a complete monopoly over the production of news and dissemination of information. For at least the last century and half, this tightly-controlled information syndicate has been able to manufacture a type of consensus reality. By channeling public opinion in this way, the establishment has used the mainstream press to facilitate a number of engineered outcomes – including war.
More than ever, it’s important to highlight how for many decades, these same media organizations, including the most respected brands in western mainstream media, have been the driving force behind some of most deceptive reporting and militaristic propaganda campaigns which have enabled the conditions for violent conflict worldwide. These acts of media malice have contributed to the unnecessary deaths of countless innocent people.
This post was published at 21st Century Wire on FEBRUARY 14, 2017.
Here is an interesting article from Quartz on the Pentagon efforts to fund satellite surveillance of North Korea’s missiles capabilities via Silicon Valley tech companies: However, the most interesting (from my perspective) bit of the article relates neither to North Korea nor to Pentagon, and not even to the Silicon Valley role in the U. S. efforts to stop nuclear proliferation. Instead, it relates to this passage from the article:
The key here is an example of the link between the our human (behavioral) propensity to take action and the dynamic nature of the tail risks or, put more precisely, deeper uncertainty (as I put in my paper on the de-democratization trend the deeper uncertainty as contrasted by the Knightian uncertainty).
Deeper uncertainty involves a dynamic view of the uncertain environment in which potential tail events evolve before becoming a quantifiable and forecastable risks. This environment is different from the classical Knightian uncertainty in so far as evolution of these events is not predictable and can be set against perceptions or expectations that these events can be prevented, while at the same time providing no historical or empirical basis for assessment of actual underlying probabilities of such events.
This post was published at True Economics on Monday, October 9, 2017.
As Congress and the U. S. news media continue to lose their collective minds over what appears to be a meaningless amount of advertising dollars purchased on Facebook by “potentially Russian linked” accounts, Julian Assange offered up a helpful reminder that if Silicon Valley’s tech billionaires colluded with anyone in the months leading up to the 2016 election it was Hillary Clinton, who they all “wanted to win badly.”
Podesta emails reveal that Facebook COO Sheryl Sandberg wanted Hillary Clinton to win "badly", provided research to her in March 2015 and met privately with her on multiple occasions. pic.twitter.com/dqyRG2zuln
— Julian Assange (@JulianAssange) September 28, 2017
This post was published at Zero Hedge on Sep 29, 2017.
We’ve recently found ourselves frequently noting a rather bizarre new trend in which the mainstream media and liberal Washington D. C. establishment has turned its back on the Silicon Valley elites. Just last week, even Hillary Clinton called out Facebook for allowing someone who may have been Russian buy a staggering $50,000 worth of political ads on their site…hopefully we don’t have to explain the irony of that statement given that Facebook execs gave millions to Hillary’s campaign.
But, just a word to the wise, if you’re a writer and have intentions of joining in on the recent wave of tech titan bashing, you may want to first make sure your paper isn’t owned by the same tech titan who has wandered into your crosshairs. Unfortunately, Fredrick Kunkle of the Washington Post didn’t heed that advice when he published a scathing op-ed about Jeff Bezos in the Huffington Post. Here’s a taste of what he had to say:
One of the wealthiest men in the world is thinking of ways to give back. But he’s still taking from the very people who helped him build his fortune.
But as Bezos, whose worth now exceeds $80 billion, loosens his pockets, it’s important to put his charitable giving – and the philanthropy of the super-rich – into perspective: Many people worked hard for Bezos to help make him so rich, and he has a record of treating them poorly.
This post was published at Zero Hedge on Sep 18, 2017.
Hurricanes Harvey and Irma are so out of the news now that people not listening to the mold grow in their sweltering bedrooms probably think these events had something to do with the Confederate defeat. Both The New York Times and the WashPo are much more concerned this morning with doings on the planet Saturn, and the career moves of fashion icon Chelsea Manning, which is perhaps how things should be in Attention Deficit Nation. Standing by on developments there….
In the meantime, personally, I think it would be cruel to deport fully acculturated and Americanized young adults to Mexico and Central America. But there should be no question that it’s up to Congress to figure out what to do about the DACA kids, and put it into coherent law. The Golden Golem of Greatness was correct to serve the ball into Congress’s court. The suave and charming Mr. Obama only punted the action on that problem, and rather cynically too, I suspect, since he knew the next president would be stuck with it.
It’s hard to overcome the sentimental demagoguery this quandary fetches up. The so-called Dreamers are lately portrayed in the media as a monoculture of spectacularly earnest high-achievers, all potential Harvard grads, and future Silicon Valley millionaires working tirelessly to add value to the US economy. This, again personally, I doubt , and there’s also room to doubt that they are uniformly acculturated and Americanized as claimed by the journalists cherry-picking their stories to support the narrative that national borders and immigration laws are themselves cruel anachronisms that need to be opposed.
This post was published at Wall Street Examiner on September 15, 2017.
When Raef Lawson filed his $586.56 lawsuit in San Francisco he probably didn’t realize he could potentially end up disrupting the entire ‘gig economy’ that subsidizes a plethora of Silicon Valley tech giants from Uber to DoorDash, but that could very well end up being the outcome.
As Yahoo points out today, Lawson used to be a delivery driver for GrubHub but now he finds himself at the epicenter of an ongoing legal battle over whether 1099 contractors working for firms GrubHub and Uber should really be counted at employees rather than independent contractors.
In a windowless, 15th-floor courtroom in downtown San Francisco last week, GrubHub was defending its 1099 independent contractor employment model for its delivery drivers.
There’s no verdict yet, and there probably won’t be for at least another week. This trial, Lawson vs. GrubHub, is looking to determine whether or not plaintiff Raef Lawson, an ex-GrubHub driver, was misclassified as an independent contractor while delivering food for GrubHub.
This post was published at Zero Hedge on Sep 11, 2017.
It was only a matter of time until this happened…
For years now, the politicos of the Left have embraced a perfectly symbiotic relationship with the ‘progressive’ leaders of Silicon Valley. Tech titans, like Google’s Eric Schmidt who got very cozy with the Hillary Clinton campaign, have poured million of dollars of their tech fortunes into Democratic coffers all while colluding with elected officials, “independent” think tanks and “institutions of higher indoctrination” to ram their progressive agenda down the throats of the American public.
It was a great relationship for Democrats because Silicon Valley’s elites had all the money of Wall Street without the negative stigma…until now.
Google’s recent problems with censorship, which came first in the firing of James Damore and was quickly followed up by the firing of an “independent” research team at a think tank funded by Google, has exposed what many have known for some time but others were too enamored to see, namely that Silicon Valley companies like Google are every bit as motivated by their relentless pursuit of power and wealth as Wall Street…they’re just better at wrapping their motivations in a nice progressive bow.
Unfortunately, the cat is now out of the bag and it has forced a growing number of the Left’s most progressive politicians to distance themselves from America’s new breed of “evil corporations.” As The Hill notes this morning, Senator Elizabeth Warren and Representative Keith Ellison have already started to distance themselves:
Google is facing blowback after one of its most prominent critics was fired from a think tank funded by the tech giant. The incident is raising new questions about Google’s influence over think tanks and academic research.
The controversy has caught the attention of lawmakers, with Sen. Elizabeth Warren (D-Mass.) calling the firing ‘troubling’ and warning academic institutions not to compromise their work for financial backers.
Rep. Keith Ellison (D-Minn.) also tweeted his support for the researchers pushed out of the think tank.
Open Markets does terrific work on monopoly power and inequality. Excited for their new chapter!— Rep. Keith Ellison (@keithellison) August 31, 2017
This post was published at Zero Hedge on Sep 4, 2017.
Despite Silicon Valley’s hopes, Mark Zuckerberg remains an outside long-shot bet to get the Democratic Presidential nomination for the 2020 election. The front-runners are Bernie Sanders and Elizabeth Warren, with Joe “soul of the nation” Biden in 4th place…
According to a new contract at PredictIt, Bernie and Liz are number one…
This post was published at Zero Hedge on Aug 30, 2017.
This post was published at jsnip4
As long as local officials strangle housing starts, the mirage of affordability will be pushed further toward the distant horizon.
‘A full-fledged housing crisis has gripped California’ – New York Times.
Yes, our housing crisis is so critical those envious bastards at The Times are proclaiming it on their front page. So critical that a local politician here is more likely to come out against world peace than affordable housing. But she’s about as likely to vote for pro-housing laws as the USA is to unilaterally reduce its nuclear stockpile.
At the 30,000 foot level – it’s pretty in the clouds – a few politicians in Sacramento are trying to pass state-wide bills to force cities to allow more residential development. Not with champagne success.
It’s less pretty in the trenches, particularly if one focuses on Silicon Valley. Ground zero for the housing shortage, the city of Palo Alto is – not coincidentally – the reigning monarch of the Lucky Location club. Thanks to the happenstance of being Stanford University’s picture frame, the town has been the spawning grounds for almost every great tech company ever.
This post was published at Wolf Street on Aug 22, 2017.
The Western globalist elites have not digested Trump’s victory or Brexit yet. They are having a hard time dealing with their ideological failures, and when the reality dares not to comply with their day dreaming, they go online and create a parallel world, where their ‘expert’ predictions always turn right and their failures cannot be questioned.
The Economist’s portal named ‘what if’, a neo-liberal, wishful thinking echo chamber, is the point in case.
Its latest piece attributes magical powers to the new hero of the elites, Emmanuel Macron, who soundly defeated ‘evil’ Marine Le Pen in May. For The Economist, Macron is nothing short of Jesus as he was correspondingly depicted on the monthly’s cover walking on water:
The hypothetical scenario of Macron’s success is based on magical reforms that will somehow create enormous numbers of jobs after an initial friction and fix the out-of-control state budget. The text provides no answer how exactly all this is going to be done. The happy predictions do not stop there. Macron’s miracle, would turn France into another Silicon Valley, a paradise for start-ups. Does it not make us think back to the internet bubble of the 90s? After ‘making France great again’ and defeating Marion Marchal-Le Pen, Marine’s niece (who for the record has already retired from politics, but don’t tell The Economist, it’d break their narrative, they need an evil antagonist), Macron’s magic would next make Europe great again. Academic papers on the ‘French Renaissance’ are beginning to appear, says the article’s author, an intellectual liberal himself and Macron’s flunky. He speaks of ‘EU-funded military operations in the Sahel’, because clearly that’s what Europe needs most. Why, destabilizing surrounding countries has worked very well so far, hasn’t it? Islamic terrorism isn’t even touched in the article, so we gather it will magically disappear as will the problems of the banlieu which do not deserve much mention either. Here, too, no solution is offered, just pure magic.
This post was published at Zero Hedge on Aug 21, 2017.
21st Century Wire says…
Earlier in the week, 21WIRE reported about the Google employee would released a controversial 3,000 word memo which went internally viral – complaining about the Silicon Valley tech giant’s ‘ideological echo chamber’ – a repressive, intolerant corporate cultural where political correctness rules, and which only caters to the leftist ‘progressive’ side of the political paradigm. Any other viewpoints or opinions will not be tolerated at Google.
The man who wrote the memo as a Google engineer named James Damore, who has since been fired for voicing his opinions on the company’s politics.
As a result of the employee blowing the whistle on this issue, other Google employees, like one Jaana B. Dogan (see tweet below), appear to have threatened to leave the company in protest if Human Resources did not retaliate against the political whistleblower:
This post was published at 21st Century Wire on August 8, 2017.
Trump is not particularly popular among the billionaire crowd of Silicon Valley, to say the least. As such, when the billionaire co-founder of PayPal endorsed Trump for President, donated ‘bigly’ to his campaign and even agreed to speak at the Republican National Convention last summer, it was a ‘yuge’ deal.
But, at least if you’re willing to believe the anonymous sources of BuzzFeed News, the honeymoon phase between Thiel and Trump may have ended a few months ago. While Thiel has continued to support Trump in public, personal friends who have attended dinners with him in recent months say he has soured on the administration of late and even intimated to friends that “there is a 50% chance this whole thing ends in disaster.”
This post was published at Zero Hedge on Aug 7, 2017.
Episode #197 of SUNDAY WIRE SHOW resumes on Aug 5th, 2017 as guest host Patrick Henningsen brings you this week’s LIVE broadcast on the Alternate Current Radio Network – covering all the top news stories both at home and internationally…
LISTEN LIVE ON THIS PAGE AT THE FOLLOWING SCHEDULED SHOW TIMES:
5pm-8pm UK Time | 12pm-3pm ET (US) | 9am-12am PT (US)
This week we deliver another LIVE broadcast from the sunny shores of Devon in the UK, as SUNDAY WIRE host Patrick Henningsen is joined by Mike Robinson, editor of the UK Column, as we discuss this weeks top news stories both foreign and domestic. The BREXIT psy-op continues with more fear-mongering over the divorce, while US sanctions bother Russia, and bite North Korea but are they justified, are they legal? Venezuela is on fire, as the US prepare the next phase of regime change in Caracas. What is going on with Google andFacebook? Unfortunately for millions of users, politically-motivated policies are now being implemented – allegedly to ‘tackle hate crime’ but in reality this is being extended by California’s billionaire monopolists in order to ‘disappear’ any political speech which Silicon Valley executives and their administrators might deem offense. It this a new corporate digital Stasi coming into power?
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Strap yourselves in and lower the blast shield – this is your brave new world…
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This post was published at Spreaker on AUGUST 6, 2017.
Increasingly, a number of influential people in Silicon Valley seem to think that Mark Zuckerberg will likely run for president of the United States one day. And some people, including myself, believe that he could indeed win. ‘He wants to be emperor’ is a phrase that has become common among people who have known him over the years.
From January’s Post: ‘He Wants to be Emperor’ – How Mark Zuckerberg is Scheming to Become President
Mark Zuckerberg wants to be President. That much is obvious, and it’s been obvious for quite some time. I’ve written a couple of articles about it, as have countless others. Then yesterday, there was a lot of chatter about the Facebook CEO hiring Joel Benenson to advise him and his wife on their charitable giving. Most of these articles focused on the superficial ‘does this really mean he’s running?’ angle. In contrast, I want to dig into why his recent hires tell you all you need to know about who Zuckerberg is, and why his worldview is nothing more than technocratic neoliberalism.
Let’s start off by examining a few excerpts from yesterday’s article from Politico about the hiring of Joel Benenson:
This post was published at Liberty Blitzkrieg on Aug 3, 2017.