IT SEEMS THAT EVERYTHING SAID AND DONE IS WRONG ABOUT CHARLOTTESVILLE—ACCORDING TO SOMEONE
"Our country is a beacon of hope & opportunity for all. We must condemn the hate and bigotry that is fueling the violence in Charlottesville. POTUS deflected from the fact that a young woman was killed & others were injured by a bigoted follower of the white supremacist movement.”
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ARE THESE NEW MONOPOLIES A CONCERN? IN THE PAST MONOPOLIES WERE LARGE CONCERNS (pun intended)
Excerpts derived from THE WEEK.COM, AUG. 4, 2017: Are Google, Facebook, and Amazon becoming too powerful.
Are they as dominant as Standard Oil, Carnegie Steel, and American Tobacco in the 19th century? Yes. Google has 88 percent of search advertising in the U.S. Facebook & subsidiaries — Instagram, WhatsApp, and Messenger — 77 percent of mobile social media traffic. ...Almost $1 of every $2 in online retail sales goes through Amazon. Google dominates video (through YouTube), mapping, and personal email; Facebook is building consumer drones and virtual reality sets; Amazon recently bought the upscale grocery chain Whole Foods for $13.4 billion. …When a few firms have such dominant market shares, it's almost impossible to compete with them.
When companies control a market, they tend to use their power to eliminate competition — to the detriment of consumers. They force suppliers to lower prices, cutting profits, and can bankrupt their rivals by undercutting them — or simply buy them. Massive companies can also use economies of scale to eliminate jobs — particularly in the digital era, when work can be automated. All this results in less consumer choice, lower wages, and a concentration of wealth in fewer people/companies.
Here’s the proof, Amazon: 52 percent of U.S. book sales, 43 percent of online commerce, & 45 percent of cloud-computing, and online sales six times more than a combination of Walmart, Target, Best Buy, Nordstrom, Home Depot, Macy's, Kohl's, and Costco. Facebook: 2 billion active users — more than a quarter of the human race. Google's parent Alphabet, acquires an average of one company/week. More than 1 billion people worldwide use Gmail. The domination of these tech giants also has produced plenty of losers.
The newspaper industry. Facebook and Google control more than 70 percent of the $73 billion digital advertising market in the U.S. Many of those dollars used to go to other media companies: Between 2006 and 2016, U.S. newspaper advertising revenue dropped from $50 billion to $18 billion, and jobs in the industry fell by over half, from 411,000 in 2001 to 174,000 in 2016. Journalism websites, too, are struggling to survive. Facebook and Google consume the online ad dollars. Another example: department stores and malls’ retail stores have shut their doors because of online shopping, and many malls have gone dark or are being repurposed into something else. That, in turn, has damaged the vitality of communities, and they never come back.
In the U.S., there’s not much resistance. The government generally has done little to regulate tech companies, to stifle innovation and growth in our fastest-growing industry. Facebook, Google, and Amazon argue that they're not true monopolies, because their much smaller competitors are only a click away. And Big Tech spends vast sums keeping lawmakers on their side: Facebook: $3.2 million in federal lobbying in just the first quarter of 2017. Ultimately, consumers would have to rebel against these companies before U.S. lawmakers or regulators would take action — and there's no sign of that. Google does whatever it wants without asking permission.
The tech industry isn't the only one consolidating. More 75 percent plus of U.S. industries have experienced concentration over the past two decades—Eighty percent of plane seats sold by four airlines: American, Delta, Southwest, and United. The drugstore and pharmacy industry—dominated by CVS and Walgreens. Americans noway more than double what Europeans do for high-speed broadband. When there is less competition, consumers inevitably pay the price.
https://www.google.com/amp/s/www.forbes.com/sites/abigailtracy/2016/02/04/nfl-cte-football-concussions-injuries-helmet-vicis-zero1-super-bowl/amp/
FOOTLOCKER IS THE LATEST TO STUMBLE:
The sports retail industry is reeling on Friday as Foot Locker Inc. (FL) became the latest athletic-wear outlet to see its shares crater after subpar quarterly earnings. “We are obviously disappointed in the results for the quarter, and our team is working quickly to adjust our operations to a changed retail landscape in which we are seeing our consumers move faster than ever from one source of inspiration or influence to another,” Foot Locker CEO Richard Johnson said in a statement. Foot Locker’s same-store sales declined a whopping 6% in the second-quarter.
Company executives blamed the decline in part on rapidly shifting consumer tastes and a lack of product innovation from vendors, with sales of top footwear and apparel styles falling far short of expectations. The same-store sales decline marked Foot Locker’s first negative comp since its fourth quarter of fiscal 2009, according to Citi Research. Traditional brick-and-mortar retailers are struggling to maintain sales as more and more customers turn to e-commerce options like Amazon (AMZN) to do their shopping.
Foot Locker shares plunged 25% after the major earnings miss. Johnson told analysts that recent disruption to the retail industry is “the most significant I’ve seen in my quarter-century” in the athletic-wear business, adding that the rise of mobile retail has accelerated fashion trends and made it difficult for brick-and-mortar outlets to keep up.
Other sports retailers are also struggling. Dick’s Sporting Goods (DKS) shares plummeted earlier this week after reporting similarly disappointing earnings results, including comp sales growth of just 0.1%. Shares of Hibbett Sports (HIBB) and Finish Line (FINL), as well as vendors like Nike (NKE) and Under Armour (UAA) were also down in early trading. Dick’s Sporting Goods CEO Edward Stack also bemoaned the state of the retail industry this week, as the Pittsburgh-based retailer slashed its full-year financial guidance. As more retailers and vendors turn promotional to lure customers, Stack said product pricing has been “unpredictable and, at times, irrational,” which has cut into sales.
Foot Locker’s problems were compounded last June when Nike, one of its key vendors, announced a deal to begin selling some of its products through Amazon. Johnson downplayed the threat Amazon poses to Foot Locker’s business, arguing that Amazon won’t be selling the premium footwear products that Foot Locker relies on to boost sales. “We do not believe our vendors selling product directly on Amazon is an imminent threat,” Johnson said. “There is no indication that any of our vendors intend to sell premium athletic product, $100-plus sneakers that we offer, directly via that sort of distribution channel.” While Foot Locker remains committed to its physical store locations, Johnson said the company is focusing on accelerating its commitment to digital retail while also working with vendors to speed up the product development cycle. Executives said the company now plans to shutter up to 135 store locations by the end of the year, up from earlier estimates of roughly 100 stores. The company expects comp sales to continue their downward trend, with a projected 3% to 4% decline in each of the next two quarters.
American government in a crisis of Leadership—a lack thereof
American government in a crisis of Perspective—a lack thereof
American government in a crisis of Character & Integrity—a lack thereof
GOP Members of the House and Senate were elected to majorities in both bodies. GOP President was elected to the White House
The GOP (factions) have paralyzed Congress aided and abetted by Democrat rampant obstruction, but worse, by both of them losing sight of the greater good, their actions obscured by elected officials bickering/fighting for their own selfish agendas, and disregarding what the American people elected them to do. Make American better for all of us!
Democratic obstructionism is rampant and defies even the existing rules in Congress. The one-sided liberal media-mania, madness … and myopia make everything worse. The Senate is even more paralyzed than the House, which isn’t saying much for either body.
This is SHAMEFUL; and it is TOTALLY UNACCEPTABLE. SOMEBODY NEEDS TO STEP UP AND DO SOMETHING, IN FACT, MANY THINGS.
BUT...Who will that somebody be? Who will have the courage and the character to lead in a time of crisis?
THE POLITICS OF POINTLESSNESS ...By Daniel Henninger, WSJ August 17, 2017Charlottesville was a warning. The warning is that America’s politics is steadily disconnecting from reality. Our politics is starting to seem psychotic.Generally people get into politics to accomplish something concrete or achievable—the passage of a piece of legislation or of identifiable public policies whose purpose is to make things better. In a word, progress.The right and the left have disagreed for centuries on what works, but they at least shared a belief that the point of their political activity was to accomplish something realCharlottesville was a political riot. Is Charlottesville the future?Some may say the Charlottesville riot was the lunatic fringe of the right and left, with no particular relevance to what falls in between. But I think Charlottesville may be a prototype of a politics that is drifting away from traditional norms of behavior and purpose.Street protest has become the politics du jour. Groups form constantly in the streets to chant slogans. America’s campuses live amid perpetual protest.The protests no doubt are based in belief or sentiment of some sort, but it is more often than not difficult to recognize any political goal normally associated with conservatism, liberalism or progressivism. Much of it looks like acting out or pleas for attention.In January the weekend that Donald Trump was inaugurated, I watched a group of protesters sit down and block traffic at a main intersection in Santa Barbara, Calif. It seemed like a play date. The cops watched like bemused adults.Charlottesville wasn’t a play date. It was a pitched battle between two organized mobs—the white nationalist groups on the right and the badly underreported Antifa, or “antifascist,” groups on the hard-as-stone left. Stories about Antifa’s organized violence are trickling out now, but there is no conceivable journalistic defense for having waited so long to inform the public about this dangerous movement.The phenomenon that enables politics without purpose is the internet. It is the group-organizing tool for psychologically disassociated young people on the left and on the right, like James Alex Fields Jr. , who allegedly drove his car into a crowd, killing Heather Heyer. She won’t be the last casualty.Fields makes me think of the lone-wolf jihadists here and in Europe who explode out of the general population in a homicidal rage. These are people who sit endlessly in front of a computer screen, brainwashing themselves with online propaganda until they snap to make a “political statement.” The internet—websites, social media, message boards—is elevating political paranoia and delegitimizing normal politics.Earlier this week, Britain’s head of counterterrorism policing, Mark Rowley, described the new reality: “What we’re wrestling with today is something which is more of a cultish movement where they are putting out propaganda and saying ‘anybody and everybody, act in our name and you’re part of our terrorist campaign.’ ”But, the argument goes, these behavioral extremes have no relevance to or effect on the rest of public life. I’m not so sure. There have been a series of events lately that suggest the most basic requirements of intellectual or political seriousness are losing ground inside institutions that once provided ballast against the extremes.The Google firing of James Damore was one of these big events. Its meaning was that the goal of diversity, whatever its original intent, has become mostly a totem. Mr. Damore was the little boy in the folk tale “The Emperor’s New Clothes,” who shouts, “But he doesn’t have anything on!” Google’s emperors banished James Damore for unmasking their diversity conceit.Also certain to enter the era’s annals of anti-politics is the Republican party’s health-care meltdown.All the endless hours that pour into political organizing, fundraising and campaigning are meant to win elections and then exercise political power. After winning control of Congress in the 2016 election, Republicans degenerated into what was essentially a traffic-blocking protest—against their own majority!A young person new to politics and paying attention to what the Republicans did with ObamaCare reform, or to the Democrats’ content-free “resistance,” could reasonably conclude Congress is no longer about politics, but about something else. TV face-time or maybe Twitter , but not politics.Traditional politics is being overtaken by a cult of self-referencing. From the nonstop street protests to what is going on in Washington—everything now is just a selfie.Amid this torrent, an odd paradox emerges: People are consuming more content and detail about politics than ever, and more people than ever are saying, “I have no idea what is going on.” Someone is at fault here, and it is not the confused absorbers of information.Charlottesville is being pounded into the national psyche this week as a paroxysm of white nationalism. On current course, the flight from politics is going to look like rational behavior.Generally people get into politics to accomplish something concrete or achievable—the passage of a piece of legislation or of identifiable public policies whose purpose is to make things better. In a word, progress.The right and the left have disagreed for centuries on what works, but they at least shared a belief that the point of their political activity was to accomplish something realCharlottesville was a political riot. Is Charlottesville the future?Some may say the Charlottesville riot was the lunatic fringe of the right and left, with no particular relevance to what falls in between. But I think Charlottesville may be a prototype of a politics that is drifting away from traditional norms of behavior and purpose.Street protest has become the politics du jour. Groups form constantly in the streets to chant slogans. America’s campuses live amid perpetual protest.The protests no doubt are based in belief or sentiment of some sort, but it is more often than not difficult to recognize any political goal normally associated with conservatism, liberalism or progressivism. Much of it looks like acting out or pleas for attention.In January the weekend that Donald Trump was inaugurated, I watched a group of protesters sit down and block traffic at a main intersection in Santa Barbara, Calif. It seemed like a play date. The cops watched like bemused adults.Charlottesville wasn’t a play date. It was a pitched battle between two organized mobs—the white nationalist groups on the right and the badly underreported Antifa, or “antifascist,” groups on the hard-as-stone left. Stories about Antifa’s organized violence are trickling out now, but there is no conceivable journalistic defense for having waited so long to inform the public about this dangerous movement.The phenomenon that enables politics without purpose is the internet. It is the group-organizing tool for psychologically disassociated young people on the left and on the right, like James Alex Fields Jr. , who allegedly drove his car into a crowd, killing Heather Heyer. She won’t be the last casualty.Fields makes me think of the lone-wolf jihadists here and in Europe who explode out of the general population in a homicidal rage. These are people who sit endlessly in front of a computer screen, brainwashing themselves with online propaganda until they snap to make a “political statement.” The internet—websites, social media, message boards—is elevating political paranoia and delegitimizing normal politics.Earlier this week, Britain’s head of counterterrorism policing, Mark Rowley, described the new reality: “What we’re wrestling with today is something which is more of a cultish movement where they are putting out propaganda and saying ‘anybody and everybody, act in our name and you’re part of our terrorist campaign.’ ”But, the argument goes, these behavioral extremes have no relevance to or effect on the rest of public life. I’m not so sure. There have been a series of events lately that suggest the most basic requirements of intellectual or political seriousness are losing ground inside institutions that once provided ballast against the extremes.The Google firing of James Damore was one of these big events. Its meaning was that the goal of diversity, whatever its original intent, has become mostly a totem. Mr. Damore was the little boy in the folk tale “The Emperor’s New Clothes,” who shouts, “But he doesn’t have anything on!” Google’s emperors banished James Damore for unmasking their diversity conceit.Also certain to enter the era’s annals of anti-politics is the Republican party’s health-care meltdown.All the endless hours that pour into political organizing, fundraising and campaigning are meant to win elections and then exercise political power. After winning control of Congress in the 2016 election, Republicans degenerated into what was essentially a traffic-blocking protest—against their own majority!A young person new to politics and paying attention to what the Republicans did with ObamaCare reform, or to the Democrats’ content-free “resistance,” could reasonably conclude Congress is no longer about politics, but about something else. TV face-time or maybe Twitter , but not politics.Traditional politics is being overtaken by a cult of self-referencing. From the nonstop street protests to what is going on in Washington—everything now is just a selfie.Amid this torrent, an odd paradox emerges: People are consuming more content and detail about politics than ever, and more people than ever are saying, “I have no idea what is going on.” Someone is at fault here, and it is not the confused absorbers of information.Charlottesville is being pounded into the national psyche this week as a paroxysm of white nationalism. On current course, the flight from politics is going to look like rational behavior.
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