Category Archives: Business

News Roundup – Sony hacked, Cuba and Colbert

 

So, as I understand it, North Korea hacked Sony Pictures because of the new movie called the Interview. This movie looks very, very stupid with Seth Rogen who specializes in movies that suck IQ points out of your head. Sony has decided not to release the picture.  Sony is basically buckling to threats from North Korea. George Clooney has it right, “The truth is, it’s all new territory and nobody knows how to handle it. I don’t think anyone was prepared for it. So now we’ll be prepared for it, hopefully. Everybody was doing their jobs, but somehow, we have allowed North Korea to dictate content, and that is just insane.”

Obama announced that we would change our policy toward Cuba.  The purpose of sanctions was to force the collapse of the Castro government. After 50 years, the Castro government still stands. Would another 50 years of sanctions do the trick? I doubt it. Yep, I know that many in the GOP are outraged.  Is anyone surprised? Unfortunately, to normalize relations with Cuba, both houses of Congress will have to approve this measure. This is highly unlikely to happen. Maybe Cuban Americans can pressure Congress into action?

From WaPo (I should have some video later):

“If all we achieved over the last nine years was to come into your home each night and help you make a difficult day a little better — man, what a waste,” Colbert said, but offered this: “Nation I want you to know, if i had to do it all again, if I could do it with you, I would do it the same.” The Colbert Report reminds me of the David Letterman Show when it first started. The Letterman Show was described as the world’s biggest inside joke. For those who got the joke, Letterman was funny as hell. Those who didn’t were lost. The same with Colbert. There were jokes on so many levels. Basically, you have Stephen Colbert playing an ultra-conservative talk show host. He constantly pointed out the stupid craziness of Fox News and other conservatives thru this character.  His interview with Lynn Westmoreland (R-Georgia) was classic. Westmoreland was pushing to have the 10 Commandments placed on/in court houses. Stephen asked if there was anywhere more appropriate for the commandments to be posted. Westmoreland responded nope. Of course, the right answer would be in a church or temple. The combination of Colbert’s seriousness and Westmoreland’s cluelessness was priceless. Making liberal points while playing a conservative news anchor: how novel. I’ll miss the Colbert Report.

I’ll add some links later.

More corporate welfare

Our country has become a welfare state for the rich. Corporate welfare. More tax cuts for the rich. More taxpayers supporting the wild and crazy swaps market. We continue to give them more and more money.

From Robert Reich:

In Washington’s coming budget battles, sacred cows like the tax deductions for home mortgage interest and charitable donations are likely to be on the table along with potential cuts to Social Security and Medicare.

But no one on Capitol Hill believes Wall Street’s beloved carried-interest tax loophole will be touched.

Don’t blame the newly elected Republican Congress.

Democrats didn’t repeal the loophole when they ran both houses of Congress from January 2009 to January 2011. And the reason they didn’t has a direct bearing on the future of the party.

First, let me explain why this loophole is the most flagrant of all giveaways to the super-rich.

Continue reading More corporate welfare

News Roundup: Minecraft, iPhone 6

minecraftSo, a couple years ago, I saw my grandson playing Minecraft. I thought it was a cute game. Nothing big. It was like Legos for computer geeks. A few months later, I saw Kaleb watching YouTube videos of other people playing Minecraft. Then there were other things like cows, fire and stuff. The graphics weren’t great but my grandson would play for hours. Minecraft was bought by Microsoft for over $2 Billion. I’m guessing that those graphics look a lot better with $2 Billion in the bank. Wow.

I’m not going to get into the cellphone wars. Today almost any new cellphone will help you do things better and easier. For me, if you can actually use the cellphone to make and receive calls, this is good. If you can get email, this is better. You should be able to do a Google Hangout or Apple Facetime.  You need to able to easily get around the internet on your phone. You should be able to use some type of social media on your phone. Your phone has to be able to guide you from here to there (maps program). Finally, you need to be able to use your phone as a hotspot. If you can do all of this, you are golden. The new iPhone 6 is bigger and better than the iPhone 5s. I will let you decide if it is better than the Galaxy S5. PC Magazine loved the Moto X, which no one bought, so any new modern phone will do.