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Amazon Goes Full Orwellian
Amazon Goes Full Orwellian Bezos poised to become knower of all things, with strategic moves to collect info on individuals inside and out. “We know that no one ever seizes power with the intention of relinquishing it,” came a warning from George Orwell’s novel, 1984, that is rapidly, wickedly, becoming prophecy with new Amazon eye-in-the- […]
Police Use Facial Recognition Doorbells To Create Private Watchlist Networks
Police Use Facial Recognition Doorbells To Create Private Watchlist Networks Earlier this year, I reported that Amazon’s spying Ring doorbells are being installed everywhere and how everyone’s privacy is at stake. But a recent CNN article revealed that Amazon wants to turn homeowners’ doorbells into facial recognition devices using their Rekogntion software. An Amazon patent application which was made […]
Friday Hasn’t Even Started Yet, But It’s Already Ugly
Friday Hasn’t Even Started Yet, But It’s Already Ugly The FANGMAN stocks went to heck afterhours. Just a note to show how decrepit and ephemeral the enthusiasm for stocks is. So far in October, the S&P 500 has booked 13 losing days, including October 10, when the index dropped 3.3%, and October 24, when it […]
Did The Nasdaq Bubble Just Burst?
Did The Nasdaq Bubble Just Burst? Regular readers will recall when back in March, Bank of America cautioned that after the tech bubble in 2000, the housing bubble in 2006, we were witnessing the third biggest bubble of all time: the e-Commerce bubble. Well, after several weeks of sharp volatility which has hammered tech stocks, […]
“Tech-Wrecked”: Global Stocks, US Futures Plunge As Panic Selling Returns
“Tech-Wrecked”: Global Stocks, US Futures Plunge As Panic Selling Returns “The good news is: It’s Friday. The bad news is: everything else.” For traders, Bloomberg’s summary of today’s early morning action couldn’t be more spot on. On the last day of a turbulent week, global market turmoil is back with a vengeance and traders in […]
Father Of World Wide Web Launches Platform Which Aims To Radically Decentralize The Internet
Father Of World Wide Web Launches Platform Which Aims To Radically Decentralize The Internet “For people who want to make sure the Web serves humanity, we have to concern ourselves with what people are building on top of it,” Tim Berners-Lee told Vanity Fair last month. “I was devastated” he said while going through a litany of […]
Amazon is Far More Dangerous and Powerful Than You Want to Admit
Amazon is Far More Dangerous and Powerful Than You Want to Admit The sneaky thing about Amazon’s increased dominance in so many key aspects of our lives is that much of the perniciousness is hidden. No one’s going to tell you about all the retailers who have gotten pressured or destroyed via its tactics while […]
Not Just Fangs: Manias and Echo Bubbles Abound
Not Just Fangs: Manias and Echo Bubbles Abound It’s not just the FANGs investors should be worried about. A Tweet and an article explain. ✔ “With the FANG stocks faltering lately investors are starting to become concerned about their impact on the broader market. And there is certainly something to this.”https://app.hedgeye.com/insights/69386-it-s-more-than-just-fang-stocks-investors-should-be-worried-about?type=guest-contributors … 6:17 PM – Aug 3, […]
The Economy is Cracking Up. Are You?
The Economy is Cracking Up. Are You? Economic cracks big enough to drive a car industry into are opening up all over the globe. Trade gaps are opening up between major allies. Widening spreads between the dollar and other currencies are shredding emerging markets. As we start into summer, these cracks and several others described […]
Amazon’s Fusion With the State Shows Neoliberalism’s Drift to Neo-Fascism
Amazon’s Fusion With the State Shows Neoliberalism’s Drift to Neo-Fascism In Part 1 of our investigative series on Surveillance Capitalism, MPN spoke to author Yasha Levine and Monthly Review editor John Bellamy Foster about the rise of the Amazon.com empire and its fusion with the U.S. state apparatus. In our next installments, we will continue […]
BLINKING RED BUBBLE LIGHT: Stock Market Investor Margin Debt Reaches New High
BLINKING RED BUBBLE LIGHT: Stock Market Investor Margin Debt Reaches New High The world is standing at the edge of the financial abyss while most investors are entirely in the dark. However, specific indicators suggest the market is one giant RED BLINKING LIGHT. One of these indicators is the amount of margin debt held by […]
Morgan Stanley: The Tech Bubble “Can Burst At Any Moment, Without Warning”
Morgan Stanley: The Tech Bubble “Can Burst At Any Moment, Without Warning” Earlier this week, Goldman Sachs, whose market-timing calls leave much to be desired, declared that tech stocks are “not a bubble”, and went so far as to predict that the secular increase in tech names could continue for decades, spawning vivid memories of […]
In Latest Privacy Scandal, Facebook Gave Apple, Amazon And Others Unprecedented Access To User Data
In Latest Privacy Scandal, Facebook Gave Apple, Amazon And Others Unprecedented Access To User Data Facebook has been giving user data to at least 60 major device manufacturers over the last decade – including Apple, Amazon, BlackBerry, Microsoft and Samsung – as part of a data-sharing partnership program which allowed the companies to integrate various features such as […]
Congressional Democrats Demand Answers About Amazon’s Facial Recognition Technology
Photo illustration: Getty Images CONGRESSIONAL DEMOCRATS DEMAND ANSWERS ABOUT AMAZON’S FACIAL RECOGNITION TECHNOLOGY REPS. KEITH ELLISON, D-Minn., and Emanuel Cleaver, D-Mo., sent a letter to Amazon CEO Jeff Bezos on Friday morning, demanding answers about how the tech giant’s facial recognition technology is being used by law enforcement agencies around the country. The letter, provided […]
The Big Tech Backlash of 2018
The Big Tech Backlash of 2018 Herbert Ponting Scott’s Terra Nova Expedition, Antarctica 1911 Something must be terribly wrong with the world. A few days ago Elizabeth Warren agreed with Trump on China, now Bernie Sanders agrees with him about Amazon. What’s happening? Bernie Sanders Agrees With Trump: Amazon Has Too Much Power Independent Vermont […]
