“Baseball, hot dogs, apple pie, Mao Zedong and Chevrolet.” That could be GM’s new slogan if recent comments by CEO Dan Akerson are taken to heart. Akerson shared a somewhat bizarre vision for GM in an interview with the Detroit News when he stated, “Whoever comes after me; it’s going to be a more important appointment than mine because he or she will have to carry on a cultural revolution here. It’s just like the Communist Party in China in the 1960s, there has to be a cultural revolution here.” These comments come just weeks after the Washington Times reported GM’s sponsorship of a Chinese Communist Party propaganda film.
There seems to be a strange dichotomy at GM as marketing hints at patriotic roots for the company while corporate vision exposes a viewpoint that the philosophies of Communist China are worthy of praise. Akerson also has described China in the … Read More ➡
ShouldJoe Biden end up being the next President of the United States, former Alphabet (parent company of Google) CEO and Chairman Eric Schmidt has been talked about the most as his top advisor for tech issues.
The Financial Times reported last week that Biden is looking to the big names in Silicon Valley to create an in-White-House tech task force, led by Schmidt. The article said Biden has already hired away top executives from Apple and Facebook for his prospective transition team. And according to CBS News, his political team is advised by executives with tech firms formed by Schmidt and LinkedIn founder Reid Hoffman, both mega-donors for Biden’s election efforts.
Some far-leftists apparently held out hope that Biden might gravitate towards the Elizabeth Warren “break up Big Tech” perspective and embrace more big government regulation, especially after he approved an October … Read More ➡
Following the death of George Floyd at the hands of an out-of-control Minneapolis police officer, and demonstrations mixed with riots across the country, many American corporations weighed in with official statements or financial support for causes – or both.
Unfortunately the involvement of some put them more on the side of divisiveness than unity, at a time when the country needs the latter the most.
Ultimately many of the companies and/or their top-ranking officers got behind (again) the dubious narrative that there is “systemic racism” in law enforcement, and that minorities are disproportionately treated as suspects – or singled out for violent police tactics – more than whites. As Manhattan Institute fellow Heather Mac Donald and former US Attorney Andrew McCarthy explained earlier this week, citing very convincing statistics, the idea there is structural bias in policing is a myth.
Today, the National Legal and Policy Center (NLPC), a nonprofit public interest organization, filed a Freedom of Information Request (FOIA) with the National Institutes of Allergy and Infectiousness Diseases (NIAID) at NIH seeking all documents in its possession and that of Director, Anthony S. Fauci, M.D., regarding grants of $3.7 million first given in 2015 to the Wuhan Institute of Virology in Wuhan, China or through grants given to EcoHealth Alliance to experiment with bats and coronaviruses.
The FOIA request noted the Trump Administration recently terminated all funding to EcoHealth which was initiated during the Obama Administration.
“It is outrageous that U.S. taxpayers have been funding millions of dollars to the Wuhan, China laboratory, which had a history of safety problems since January 2018 that may have led to the release of the novel coronavirus causing a worldwide pandemic.” said Peter Flaherty, Chair of NLPC. The request also seeks documents … Read More ➡
Last week Google apparently reversed course on availability its powerful search engine, which based on “principle” had withdrawn from China in 2010, after it refused to comply with the government’s wishes for it to self-censor content sensitive to its freedom-hating leaders. Now, under a program called “Dragonfly,” Google is said to be developing a version of its search engine that would comply with Chinese demands.
Search is where Google generates huge profits, and missing out on the massive market in Asia clearly bugs them in Silicon Valley.
“Google is waking up to smell the coffee,” said Andy Mok, founder and president of Beijing-based consultancy … Read More ➡
(The following is based on a speech presented by the author at the most recent annual meeting of the H.L. Mencken Club, Baltimore, Maryland, November 3-4, 2017.)
Why are corporations, especially those that provide information technology, promoting radical politics? It’s a question one increasingly hears these days. And it’s a necessary question. For it is a fact: The corporation as an institution, partly out of self-interest and partly out of conviction, is allying itself with the hard Left. And the consequences could be devastating for our nation as well as, ironically, corporations.
When I speak of “radicalism,” I’m not referring to businessmen using the State to achieve and maintain market advantage. Monopoly in this country is a more than a century-old tradition, and it is anything but radical. Nor am I referring to the more recent tradition of corporations paying radical accusers a “diversity tax” in hopes … Read More ➡
President Trump’s withdrawal from the un-ratified, legally invalid, and environmentally ineffective Paris Climate agreement offered another opportunity for corporate executives, from Silicon Valley and elsewhere, to once again bash America-first-ism and its No. 1 advocate.
The globalist CEOs, already on the record against pro-U.S. Trump policies such as immigration limitation and rights of religious conscience, fired away immediately upon the president’s announcement last week. That the Paris deal required much in the way of U.S. taxpayer funds and reduced carbon dioxide emissions, while India and China coal plants would belch away for years, was irrelevant.
Out front, as is often the case, was Apple’s Tim Cook, who said he called to convince the president to remain in the agreement, but failed. He felt the need to compose a company-wide memo to employees – under the presumption that they all share his political positions – to explain … Read More ➡
To the titans of Silicon Valley, November 8, 2016 was a date that forever shall live in infamy. The election of Donald Trump as president posed an unprecedented threat to their campaign to transform America into a permanent global sanctuary. Information technology leaders have been on the warpath since President Trump’s January 27 90-day ban on immigration and refugee entry from seven terrorist-sponsoring (or terrorist-controlled) Muslim-majority nations, an executive order nixed a week later by a Seattle federal judge. That ruling triggered a quick appeal by the administration, and just as quickly, an amicus brief submitted to the appeals court by around 100 tech executives in support of the lower court ruling. Significant as the immigration angle is, another and perhaps less recognized issue looms: the willful transformation of corporations into a de facto branch of the federal government.
With increasing commitment, U.S. corporations over the last few decades have … Read More ➡
One of the stimulus-funded alternative energy companies that National Legal and Policy Center reported about most the last few years was A123 Systems, which the Department of Energy awarded $279 million to crank out special batteries for electric vehicles.
But that doesn’t mean that vultures can’t consume the carcasses left behind, which is exactly what the Chinese did with A123. As Bloomberg reported last week, the multinational automotive parts corporation Wanxiang Group is running the company to try to meet market demands and is “having better luck.”
Whether “fortune” is leading A123 to an ultimately healthier place is still undetermined, but Wanxiang … Read More ➡
Last time NLPC checked on Tesla Motors – as 2014 closed – we noted a growing skepticism largely due to CEO Elon Musk’s consistent habit of overpromising production and results, without delivering.
Then ten days ago he reported year-end earnings, and matters have worsened, although you wouldn’t know it from most of the undeterred “rah-rah” media and Wall Street fanboys. But there are exceptions.
First, the brutal basics – Tesla suffered a fourth-quarter loss of $107.6 million, which was nearly seven times the loss ($16.3 million) during the same period last year. The company lost $294 million for the whole year, compared to a $74 million loss in 2013, and has not recorded a profit in its history (except in a couple of quarters where it employed accounting gimmickry and depended heavily on subsidies). According to Associated Press, analysts expected a profit of 30 cents per share, but Tesla … Read More ➡