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Disney rehires James Gunn after ‘pedo’ tweet scandal; Twitter grapples with morals — RT...

Disney has embraced disgraced director James Gunn back into its bosom, reinstating him as writer and...

Trump says his ‘Tim Apple’ gaffe was just more fake news — RT USA...

President Trump sought to set the record straight on his latest gaffe, where he referred to...

Tim ‘Apple’ Cook is latest in Trump’s long list of mangled names — RT...

A lot of people have trouble remembering names but Donald Trump seems to take it to...

Tim ‘Apple’ Cook tells students to #LearnToCode… Twitter users demand he be banned for...

The tech giant’s CEO, Cook, whom President Trump called his ‘good friend Tim Apple’, said all...
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Video: Apple blocks Facebook research app over privacy breach

Thousands of Facebook members, some as young as 13, have reportedly been paid by the social media platform for the data on their mobile...

‘Chaos’ & ‘desperation’ grip Facebook HQ after Apple blocks developer iPhone apps — RT...

After Apple’s ongoing quarrel with Facebook came to a head, thousands of employees at the world’s...

Biting into Apple: The Giant’s Revenues Fall

The worm has gotten into Apple, and is feasting with some consistency.  Revenue has fallen. Chief executive Tim Cook is cranky.  The celebrated front...
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Video: $9bn worse than expected: Apple issues profit warning, blames China trade war, Trump...

Apple #China #TradeWar Is trade war hurting or helping? READ MORE: https://on.rt.com/9lnt RT LIVE https://www.youtube.com/watch?v=IFAcqaNzNSc Check ... Via Youtube
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Video: This autumn feeling: Putin inspects orchard & Russian apples

Putin comes to Stavropol Krai, the south of Russia, to meet workers from the farm 'Rassvet' in an orchard and inspect new varieties of...

Tesla and Apple Fuel Deadliest Conflict since Holocaust

by RT / October 8th, 2018 Anya Parampil highlights the Democratic Republic of Congo after Congolese Dr. Denis Mukwege was awarded the Nobel Peace Prize...

Special Counsel visits Apple Store, sparks conspiracy theories (PHOTO) — RT US News

Speculation is rife online after Special Counsel Robert Mueller was spotted meeting with an unidentified man...

Apple to streamline user data request process for police — RT US News

Apple plans to make it easier for police to request and access its users’ data, and...
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Video: Apple of Discord: Turks smash their iPhones amid Ankara’s economic spat with USA

The US says economic sanctions against Turkey will remain in place even if Ankara releases an American pastor, being held on suspicion of terrorism...
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Video: War on InfoWars? Alternative news site banned by Apple, Facebook, Youtube for ‘hate...

YouTube has become the latest social media to stop publishing content by Alex Jones and his channel InfoWars on their platform, citing a breach...

Facebook bans Infowars for using ‘hate speech’ as Apple removes Alex Jones’ podcasts —...

Facebook has shut down InfoWars’ page saying the conservative news outlet used hate speech. An editor...

British soldiers grapple with sex toy glued to army HQ, find it hard to...

A sex toy, stuck to the roof of a British Army building, proved to be...
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Video: ‘Bloody’ scenes in Apple Store: Activists turn retailer into emergency ward

Activists dressed up as doctors and patients staged a protest inside an Apple store in Paris on Saturday, to denounce tax evasion practices and...

To spy or not to spy? Tucker Carlson grapples with Democrat Rep. over ‘spygate’...

Was the alleged informant in the Trump campaign a spy? And is it okay to hire...

US national security requests to Apple more than doubled, transparency report reveals — RT...

Apple has been bombarded with requests from the US government for access to their user data,...

Trump, Musk, and now de Blasio? NYC mayor attacks Big Apple news media —...

New York City Mayor Bill de Blasio is standing by his criticism of the media, calling...
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Video: Molly Crabapple on Using Art to Expose Injustice from Syria to Guantánamo to...

https://democracynow.org - Molly Crabapple is an award-winning artist and writer who has reported on the refugee crisis in Greece, Guantánamo Bay, disaster ... Via Youtube
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Video: Apple: The Biggest Tax Cheaters in History Repatriate Profits Under Trump’s Tax Bill

What Apple did was outright illegal according to the European Union, but instead of taking legal action against Apple for tax evasion, the Trump...

Memoir by Journalist Marwan Hisham and Illustrator Molly Crabapple

Israel has bombed dozens of Iranian targets inside the country in the largest attack by Israel since fighting began in Syria in 2011. The...
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Video: Coming of Age in the Syrian War: Memoir by Journalist Marwan Hisham &...

https://democracynow.org - Israel has bombed dozens of Iranian targets inside the country in the largest attack by Israel since fighting began in Syria in...

A Show That Reveals Killing Is as American as Apple Pie

Wow! Westworld is back with a vengeance. Literally. If you thought those pesky robots were gonna stop with just killing their creator who killed their...
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Video: Police Corruption Trial Reveals More Than ‘A Few Bad Apples’

Jill Carter of Baltimore's Office of Civil Rights says she has high hopes for new police Commissioner Darryl DeSousa, but the issues within the...

Zuckerberg hits back at criticism from Apple’s Cook — RT US News

Facebook CEO Mark Zuckerberg has defended his company’s business model after facing stiff criticism by Apple...

Apple employees getting injured by ultra-transparent glass at $5bn facility — RT US News

Apple Park, the tech giant's $5 billion glass and metal California headquarters, has proven to be...

Apple faces US govt probe over performance-destroying iPhone update – reports — RT US...

The US government has reportedly opened up an investigation into tech giant Apple amid a torrent...

Merkel mocks May as leaders grapple over Brexit — RT UK News

Germany appears to have lost all respect for the UK government over Brexit. It has...
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Video: 745 kilos of Cocaine found in… pineapples

Spanish police have seized 745 kilograms of cocaine being smuggled into the country INSIDE PINEAPPLES! Courtesy: Policía Nacional RT LIVE http://rt.com/on-air Subscribe to RT!...

Apple and the Guardian: Partners in a Death Spiral

This report on Apple CEO Tim Cook’s visit to a UK school to promote the company’s new coding curriculum for schoolchildren could hardly be...
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Video: Put your Apple Watch down and enjoy these insanely detailed wood timepieces

Andrei Martynyuk, a self-taught craftsman from the Belarussian city of Dzerzhinsk, gave a tour of his workshop. RT LIVE http://rt.com/on-air Subscribe to RT! http://www.youtube.com/subscription_... Via...

Buses with Apple, Google employees pelted with stones in California — RT US News

Shuttle buses carrying Apple and Google employees have been attacked with what police believe were either...

Apple touts new job & investment initiatives on heels of tax reform — RT...

Apple has announced a “commitment” to create more than 20,000 new jobs in the US and...
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Video: Big Classified Apple: NYC police union seeks to block release of bodycam footage

New York's largest police union is suing it's own commissioner and the city's administration over the release of body cam footage. The union claims...

Apple apologizes for ‘misunderstanding’ over slowing down older iPhones — RT US News

Following a strong backlash for conceding they reduced the processing speed of aging iPhones, Apple apologized...

Apple keeping $47bn of its own money deemed ‘windfall’ profit by tax reform critics...

There is growing opposition to the GOP and US President Donald Trump’s impending tax overhaul, as...

Does AI research give Apple the edge in self-driving car race? — RT US...

Published time: 22 Nov, 2017 13:25 Edited time: 22 Nov, 2017 14:00 A paper by two...

Apple says FBI hasn’t asked for help unlocking Texas shooter’s phone — RT US...

The FBI has not asked Apple to unlock the phone of the gunman who killed 26...
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Video: Paradise Papers Reveal Tax Evasion & Shady Dealings by Nike, Apple, Queen of...

https://democracynow.org - A slew of 13.4 million leaked documents revealed how the world's richest men stash away billions of dollars in wealth in offshore...

Apple engineer reportedly fired after daughter’s vlog on unreleased iPhone X goes viral (VIDEO)...

Published time: 29 Oct, 2017 15:31 A Youtuber says her father was relieved of his position...

Apple gave Uber ‘iPhone backdoor’ allowing covert screens & data access

Apple granted Uber’s iPhone app special privileges by giving the car-hailing service a potential ability to...

Apple unveils new iPhone, Face ID feature fails in demo (VIDEO)

After detailing all the new bells and whistles that come with their newest iPhone, an Apple...

Show us your iPhones: Apple reveals FBI sent National Security Letter, contents remain secret

Published time: 23 May, 2017 19:40 Apple has released its biannual transparency report revealing the number...

Apple valuation surges to over $800 billion

  ...

Neocon Anne Applebaum: Give Me Money To Fight ‘Russian Disinformation’!

Neocon Anne Applebaum has never seen a bed she did not expect to find an evil Russian lurking beneath. More than a quarter of...

Apple, Tesla seek California rule changes for self-driving cars

As Apple prepares to test its self-driving cars, the tech company is asking California to revise...
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Video: Common Trump ancestry, pineapple on pizza, Arctic & more: Breaking the ice with...

To an outsider, Iceland may seem like a place removed from the perturbations of the world, an island of calm in a sea of...

‘It burns, it burns’: Kids poisoned by apple juice at birthday party, 2 hospitalized

Published time: 6 Mar, 2017 22:10 A multi-agency investigation is underway in Pennsylvania after two children had...

Police Are Using Facebook and Apple to Data-Mine Accounts of Trump Protest Arrestees

(Photo: Gilles Lambert; Edited: LW / TO) The Trump administration has made it clear that dissent will not be tolerated -- and that's why we're...

'Simulated+Unsupervised': Apple eyes self-driving cars in first AI paper

Researchers at Apple recently published their first paper on artificial intelligence (AI). The paper introduces new...

NPR Guest Warns Against Living Wages With Fantasies of $16 Apples

Former Homeland Security Secretary Michael Chertoff thinks we need to keep exploiting immigrant labor. To comment on Donald Trump’s naming retired Marine Gen. John Kelly...
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Video: Grand Theft Apple: Daring robberies caught on cam in San Francisco store

The San Francisco Police Department has released video footage showing two daring robberies at a local Apple store. In both, a group of men...

Gone in 12 seconds: Apple thieves caught on video in daring heists

The San Francisco Police Department has released video footage showing two daring robberies at a local...

Donald Trump Is Not Uniquely Bigoted. He's "as American as Apple Pie"

Donald Trump speaks at a campaign rally at the Tallahassee Automobile Museum in Tallahassee, Florida, on October 25, 2016. (Photo: Eric Thayer...

Apple sues over counterfeit products sold on Amazon

Apple has sued a company that makes "genuine" chargers for Apple products that have been bought on Amazon.com with Apple's marketing images. The alleged...
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Video: Richie Allen On Apple’s €13 Billion Irish Tax Bill & Why Chemo Is...

[youtube https://www.youtube.com/watch?v=EZZq5JTyYMI&w=580&h=385] Please Support The Show – http://richieallen.co.uk/ https://www.facebook.com/therichieallenshow http://www.youtube.com/RichieAllenShowMedia Tune in at ... Via Youtube

Apple Watches banned from UK govt meetings amid claims of ‘Russian secret agent’ hacking

UK ministers have been banned from wearing Apple Watches during Cabinet meetings amid concerns they...

The Age of Decline, Apple Pie and the United States' Chosen Suicide Bomber

This is not about Donald Trump. And I mean it. From the moment the first scribe etched a paean of praise to Nebuchadnezzar...

The apple doesn’t fall far from the genetically modified tree: USDA approves GMO fruit

The national nightmare of apples turning slightly brown is coming to an end: The US Department...

‘You Know That It’s Not a Few Rotten Apples’ – CounterSpin interview with William...

Janine Jackson interviewed William Black on Wells Fargo fraud for the September 16, 2016, episode of CounterSpin. This is a lightly edited transcript. MP3 Link Janine...

Apple lodges patent for a paper bag called… ‘Bag’ (PHOTO)

Not content with revolutionizing computing, telecommunications and music consumption, tech giant Apple is going back to...
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Video: Tax Wars: Apple, White House, and the U.S. Treasury vs. the European Union

Economist James Henry discusses the recent ruling by the European Commission that Apple owes $14.6 billion Ireland because its tax benefits there are illegal...

Foiling Apple’s Tax Dodge: The European Commission Ruling

For years, Apple has perfected the art of tax minimisation, hoovering up possibilities in creating an empire built on profit and return. It has...
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Video: Uproar Over Apple-Ireland Tax Deal Ruling Could Put Multinationals Under the Gun During...

Economist James Henry explains why he thinks Apple's position on the European Commission's ruling is indefensible Visit http://therealnews.com for more ... Via Youtube
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Video: Apple won’t pay the €13bn unpaid tax to Ireland – Max Keiser

Apple ordered to repay record €13bn to cover unpaid EU tax. Max Keiser comments. RT LIVE http://rt.com/on-air Subscribe to RT! Via Youtube
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Video: Britain would welcome Apple after tax case issues with EU

Apple has already announced that it will appeal the European Commissions' ruling that the company owes 13 billion euros in back-dated taxes. And now...

Britain flutters eyelashes at Apple following European Commission tax ruling

Downing Street says it would “welcome any company” to the UK following a European Commission...

Apple upgrades security after alleged Israeli group’s spyware attack on Arab activist

A botched hack attempt using “sophisticated spyware package” allegedly tailored by an Israeli group on the iPhone of an Arab activist has triggered Apple...

Tech Companies Apple, Twitter, Google and Instagram Collude to Defeat Trump

My dad always told me that conservative candidates have to work twice as hard as their liberal opponents to win elections because...

Apple Patents Remote ‘Kill Switch’ for iPhone Cameras

What to do about all those darn videos showing cops murdering people? They make it much harder for law enforcement to lie about their own...

Cartoon control: Apple replaces pistol emoji with water gun

Apple Inc. has announced it will replace its handgun emoji with a less-threatening green and orange...

Apple App Store accepts ‘offensive’ game about Clinton’s email scandal

A mobile phone game that makes fun of Democratic presidential candidate Hillary Clinton’s email scandal is now available for free download at Apple’s App...

Camera police? Apple might soon make it possible to block recording video at concerts

Like recording live shows with your iPhone? A new patent granted to Apple details a new...

Warren Buffett bites into Apple with $1 billion purchase ahead of shares’ fall

Berkshire Hathaway, the investment conglomerate run by Warren Buffett, the world’s third-richest man, has just purchased...

Economy In Decline: Apple Reports Massive Revenue Decline As iPhone Sales Plummet Dramatically

Michael Snyder (RINF) - Corporate revenues in the United States have been falling for quite some time, but now some of the biggest companies in...

US govt drops fight with Apple over locked iPhone in drug case after getting...

The US Justice Department “no longer needs Apple’s assistance” in unlocking an iPhone which is evidence...

Upskirt season: Warnings issues over creepy cameras as springtime hits the Big Apple

New York’s unseasonably warm weather in March brought out the hottest summer outfits as well as...
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Video: John McAfee: “I’ll Unlock San Bernardino Phone! Apple Shouldn’t Give In To The...

[youtube https://www.youtube.com/watch?v=1MpQsmP10No&w=580&h=385] Please Support The Show – http://richieallen.co.uk/ http://McAfee2016.com/ https://www.facebook.com/therichieallenshow ... Via Youtube
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Video: Greenwald: FBI-Apple Fight Tied to U.S. Effort to Access the Communications of Everyone...

http://democracynow.org - On Monday, the Justice Department announced it has succeeded in unlocking an iPhone used by one of the San Bernardino shooters ... Via...
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Video: Think the NSA Can’t Hack an iPhone Without Apple’s Help? Think Again.

http://democracynow.org - We speak with Jeremy Scahill of The Intercept, which has obtained a secret, internal U.S. government catalog of dozens of cellphone ... Via...

You guessed it: Israeli firm to help FBI hack Apple phones

The US Federal Bureau of Investigation is hiring an Israeli firm to open a backdoor to an iPhone belonging to a terrorist as Apple...

US government delays hearing in Apple iPhone encryption case

Via WSWS. This piece was reprinted by RINF Alternative News with permission or license. Niles Williamson The US Justice Department (DOJ) was granted a motion Monday...

Apple-FBI encryption tensions spiked upon iOS 8 reveal in 2014 – report

The fight between Apple and the FBI over access to iPhone communications escalated when Apple introduced...

Black Lives Matter sides with Apple in iPhone encryption battle

As the fight over the San Bernardino shooter’s encrypted iPhone continues, Black Lives Matter activists and...

‘Founders would be appalled’: Apple accuses FBI, DoJ of trying to ‘rewrite history’

Apple has accused the US government of "attempts to rewrite history", saying that Founding Fathers “would...

Apple fight could escalate with demand for ‘source code’

The latest filing in the legal war between the planet’s most powerful government and its most valuable company gave one indication of how the...

Florida sheriff threatens to ‘lock the Apple CEO up’ over dispute with FBI

The sheriff of Florida’s Polk County has strongly sided with the FBI in its battle with...

‘That’s horse sh*t!’: FBI can already unlock iPhone without Apple’s help – Snowden

(RT) - NSA whistleblower Edward Snowden said that the FBI’s claim to need Apple to unlock...

You Should Care About Apple, Your iPhone, and the FBI

Yep, you should care. Very much. Hang up the phone and listen. What This is All About The FBI wants Apple to help unlock an iPhone...

Leading tech firms join Apple suit over iPhone encryption

Via WSWS. This piece was reprinted by RINF Alternative News with permission or license. Thomas Gaist US tech firms, including Facebook, Amazon.com, Google, Microsoft, Cisco Systems,...

UN Human Rights Chief: FBI Could Unlock ‘Pandora’s Box’ in Apple Case

'It is neither fanciful nor an exaggeration to say that, without encryption tools, lives may be endangered.' Nadia Prupis The United Nations human rights chief on...

What’s at Stake in Apple’s Privacy Fight

Civil liberties fans in the United States recently got an unlikely champion: the CEO of Apple. In a high-profile spat with the White House, Tim...

Behind FBI’s Data-Access Fight with Apple

FBI Director James Comey gained his reputation for integrity by standing up to George W. Bush’s White House on a domestic spying issue but...

Terrorism Is American as Apple Pie

  The following excerpt, by Michael D. Yates, is the Foreword to America's Addiction to Terrorism: Henry Giroux is a phenomenon. He has written more than...

Behind FBI’s Data-Access Fight with Apple

Knowing even a little of James Comey’s post 9/11 background, it becomes rather hard to believe the FBI Director is sincerely leveling with the American public...
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Video: Former CIA Agent Says Edward Snowden Revelations Emboldened Apple to Push Back Against...

[youtube https://www.youtube.com/watch?v=hNI0n-s_nkA&w=580&h=385] http://democracynow.org - We speak with former CIA agent Barry Eisler about the role of Edward Snowden in raising public awareness about encryption and...
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Video: Will FBI Take a Bite Out of Apple? Former CIA Agent on Showdown...

[youtube https://www.youtube.com/watch?v=Vy6aG7RekM8&w=580&h=385] http://democracynow.org - As the government continues to take a bite out of Apple, Apple CEO Tim Cook says the FBI's request to unlock...

Showdown: Justice Department Escalates Against Apple

The US Justice Department escalated its standoff with Apple today, filing a motion to compel Apple to create software that would facilitate the Federal...
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Video: Apple vs. the FBI: Inside the Battle Snowden Calls “The Most Important Tech...

[youtube https://www.youtube.com/watch?v=SGCSy2Ogoa4&w=580&h=385] http://democracynow.org - A major debate over privacy and online encryption has erupted after the computer giant Apple announced it will resist a court...

Apple to pay over $600 million in patent lawsuit

Apple is being forced to pay VirnetX Holding Corp more than $625 million for violating patents related to FaceTime and other live communication technology....

Apple warns about UK surveillance powers bill

The tech giant Apple has warned that a plan set forth by the UK government to give intelligence agencies extra online surveillance powers could weaken the...

Gangs of New York: Sicilian mafia offers Big Apple protection from ‘psychopathic’ ISIS

The son of a New York mob boss has given Islamic State a stark warning, saying if they are planning any attacks in New...
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Video: ‘Might steal something’: Black teenagers kicked out of Apple Store in Australia

[youtube https://www.youtube.com/watch?v=L02DbHTbA8w&w=580&h=385] A group of black students was asked to leave an Apple store in Melbourne as its employees were “worried they might steal something.”...

Apple warns UK against approving internet bill

Chief executive of tech giant Apple warns about “the very dire consequences” of the UK government’s Investigatory Powers Bill. Tim Cook said the new...

Apple Comes Out Against CISA Days Before Critical Vote

Just days before a critical vote, Apple has become the latest major tech company to voice their opposition to CISA, a so-called cybersecurity bill...

Policing USA: Mostly Bad Apples Murdering Us

Too many nightmares covering cops starting 40 years ago, nothing changes, just the hardware! What does it mean to protect? To incarcerate? To uphold the...

Apple: Court Gives 21,000 Workers Green Light For Class Action Against Tech Giant

Cupertino computer firm could face tens of millions in payouts to current and former employees, say legal experts Nearly 21,000 current and former Apple employees will...

Apple has installed security backdoors on 600m iPhones and iPads, claims security researcher

Apple says its diagnostic tools "do not compromise user privacy" but researchers say the un-publicised tools give access to 'excessive' data Apple has been accused...

Oligarchy: As American as Poisoned Apple Pie

Rivera Sun Oligarchs are as American as poisoned apple pie. Their wealth and power look mouth-wateringly good, but with every bite, democracy dies. " . ....

Apple reveals US govt data request rules

Apple has released a document which outlines the circumstances under which US customer data will be given to law enforcement officials. The iPad and iPhone...

Why American Apples Just Got Banned In Europe

Joe Martino Have you ever heard of DPA, also called diphenylamine? This is a chemical used widely on apples after they have been harvested. DPA...

Apple, Google to pay $324 million to settle conspiracy lawsuit

Four major tech companies including Apple and Google have agreed to pay a total of $324 million to settle a lawsuit accusing them of...

Apple and Google busses blocked in Oakland

On Tuesday, April Fool’s Day, 2014, a group of people blocked an Apple bus attempting to cross the High Street bridge from the Fruitvale...

Apple, Google, Microsoft, NFL: suicide by greed

Jon Rappoport RINF Alternative News The old movie line, “Stop me before I kill again,” comes to mind. In this case, however, it’s “Stop me before...

Apple, Microsoft, Google, NFL: suicide by greed

Apple, Google, Microsoft, NFL: suicide by greed by Jon Rappoport March 25, 2014 www.nomorefakenews.com The old movie line, “Stop me before I kill again,” comes to mind. In this case, however, it’s “Stop me before I kill myself.” PandoDaily has uncovered a wide-ranging scandal among tech giants. It’s basically an illegal scheme to limit wages […]

Apple, Microsoft hoard cash — US taxpayers pay the bill

Nick Mathiason In recent years, America’s technology giants have increased profits to epic levels. So you’d think this good fortune would prove a boon to...

Amazon’s Bogus Anti-Apple Crusade

Behold tech's fiercest legal battle: Price-fixing,...

Apple Strikes Back at NSA’s “Malicious Hackers”

Apple Inc. executives have labeled leadership of the U.S. government's National Security Agency “malicious hackers” and have vowed to fight against reported NSA software...

US stocks steeply lower; Apple downgrade hits technology sector

CNBCJanuary 2, 2014 U.S. stocks fell sharply on Thursday, after closing out 2013 with double-digit gains,...

Apple’s Top Crimes of 2013

Recently Cult of Mac, a website dedicated to all things Apple from the fan's perspective, published a piece titled “The Biggest Apple Stories of...

Apple Denies Ever Working With The NSA

Zero HedgeJanuary 1, 2014 Yesterday, we broke the story that during the 30th Chaos Communication Congress,...

Apple denies working with NSA

Apple Inc has never worked with the NSA and is unaware of efforts to target its smartphones, the company says.Apple is denying that it...

Apple execs deny company helps NSA monitor iPhone users

Apple executives have denied granting the US National Security Agency a so-called “backdoor” that allowed the intelligence monolith to surveil the company's popular mobile...

iSpy? Apple Denies Assisting NSA with iPhone “Back Door”

Apple, the company giant behind the iconic iPhone, declared on Monday that is has never assisted the NSA in its efforts to create "back...

Apple Says It Knows Nothing About Your iPhone Spying On You

Kurt Nimmo So, it turns out the NSA can drop in on your Apple iPhone anytime it wants to. Thanks to the best...

Spain grapples with human trafficking

Ines BenitezAljazeeraDecember 27, 2013 María came to Spain from Paraguay to work as a housekeeper in...

Apple, Google, Microsoft and more demand sweeping changes to US surveillance laws

Dan Roberts and Jemima Kiss The world's leading technology companies have united to demand sweeping changes to US surveillance laws, urging an international ban on...

Afghan Opium Record, GCHQ spoofs LinkedIn, GMO Apples — New World Next Week

Welcome to http://NewWorldNextWeek.com — the video series from Corbett Report and Media Monarchy that covers some of the most important developments in open source intelligence news. This week: Story #1: Afghan Opium Output Soars To Record Level…Ag...

Apple’s new OS X Mavericks makes it harder for NSA to snoop

Published time: October 23, 2013 18:23Edited time: October 23, 2013 22:23 AFP Photo / Kimberly White Top-secret documents disclosed by former intelligence contractor Edward...

Apple iPhone 5S: Big Brother Dream Come True

The latest iPhone is an ode to biometrics, spying, and the Big Brother control grid. Anthony...

Apple iPhone 5S: Big Brother Dream Come True

The latest iPhone is an ode to biometrics, spying, and the Big Brother control grid. Anthony...

Apple iPhone 5S: Big Brother Dream Come True

The latest iPhone is an ode to biometrics, spying, and the Big Brother control grid. Anthony...

Apple vs. Microsoft: A Tale of Tech Titans

Steve­n A. Ballm­er, the chief execu­tive of Micro­soft. (Photo: Chang W. Lee / T­he New York Times)I am not a tech-industry maven, so I...

How Steve Jobs Turned Technology – And Apple – Into Religion

Steve Jobs being dead hasn't diminished the power of his name, or the Apple brand. In fact, it has only reinforced the 'spirituality' of...

How Steve Jobs Turned Technology – And Apple – Into Religion

Steve Jobs being dead hasn't diminished the power of his name, or the Apple brand. In fact, it has only reinforced the 'spirituality' of...

Apple ordered to change ‘most favored’ e-book contracts

Cecilia Kang Washington Post September 6, 2013 A federal judge on Friday ordered Apple to alter its contracts with e-books publishers to ensure price...

Jobs: A Film About the Apple Genius

When Apple founder Steve Jobs passed away nearly two years ago, it seemed inevitable that a film honoring the technological and business genius would...

Apple will reportedly reveal new iPhones on September 10

Apple’s newest iPhones are rumored to be released on September 10. The devices, which may be called the iPhone 5S and the iPhone 5C,...

Apple proposes new terms in e-books battle

Joan E. Solsmancnet.comAugust 2, 2013 Hours after the Department of Justice and 33 U.S. states proposed...

Apple to Introduce Fingerprint Sensor on New iPhone

Infowars.com July 30, 2013 On Monday, iOS 7 code posted on the internet by London programmer Hamza Sood revealed the new...

Apple’s new iPhone ‘has fingerprint sensor’

Rhiannon Williamstelegraph.co.ukJuly 30, 2013 A string of code from iOS 7 revealing ‘a fingerprint that...

Apple admits its developer site was hacked, says some data may have been stolen

Trevor Mogg Digital Trends July 22, 2013 When Apple’s developer site went down on Thursday, the company put up a short notice saying that...

Arsenic In Apple Juice: Under Pressure, FDA Sets New Limits

Matthew Perrone Huffington Post July 12, 2013 Parents who have been fretting over the low levels of arsenic found in apple juice can feel...

Arsenic In Apple Juice: Under Pressure, FDA Sets New Limits

Matthew PerroneHuffington PostJuly 12, 2013 Parents who have been fretting over the low levels of arsenic...

Apple-Cofounder Is Sorry

Apple co-founder, Steve Wozniak, is a person who has truly helped ...

Apple Co-Founder Steve Wozniak Slams Surveillance State, Hails NSA Whistleblower Edward Snowden

Steve Wozniak speaking with Piers Morgan this week. (Screenshot)Apple co-founder Steve Wozniak has cheered NSA whistleblower Edward Snowden and admonished the rise of the...

Apple Co-Founder Steve Wozniak Slams Surveillance State, Hails NSA Whistleblower Edward Snowden

Steve Wozniak speaking with Piers Morgan this week. (Screenshot)Apple co-founder Steve Wozniak has cheered NSA whistleblower Edward Snowden and admonished the rise of the...

Apple received 5,000 data requests from US govt in 6 months

Apple received thousands of requests from US authorities for user info, but was unaware of Washington’s PRISM program, the company said. It joins internet...

NSA Taps in to Systems of Google, Facebook, Apple and others, Secret Files Reveal

A slide depicting the top-secret PRISM program.The National Security Agency has obtained direct access to the systems of Google, Facebook, Apple and other US internet giants, according to a top secret document obtained by the Guardian.

Sales of iPhone 4 could be blocked in US as Samsung wins Apple patent...

Samsung has won in another round of its long running patent battle with Apple. It could see a ban on sales of the iPhone4...

‘Apple is not alone’: 18 top American companies avoid $92 billion in taxes

Apple isn’t the only big name company taking advantage of offshore tax loopholes, according to a new study. American Express, Dell, Microsoft, Nike, and...

The Public Pillorying of Apple for Legally Reducing Tax Burden

Last week’s show trial of Apple Computer on Capitol Hill ended up being more of an indictment of the Republican Party than of allegedly...

The Public Pillorying of Apple for Legally Reducing Tax Burden

Last week’s show trial of Apple Computer on Capitol Hill ended up being more of an indictment of the Republican Party than of allegedly...

EU competition probe over Apple tactics in the European market

The European Commission is investigation Apple over alleged anti-competitive iPhone sales tactics and technical restrictions in the European market. ...

EU competition probe over Apple tactics in the European market

The European Commission is investigation Apple over alleged anti-competitive iPhone sales tactics and technical restrictions in the European market. ...

Apple’s tax dodge: the case for public ownership

  24 May 2013 ...

Apple CEO defends multi-billion-dollar tax dodge

  By ...

Rand Paul blasts Congress for attacking Apple over taxes

Sen. Rand Paul is outraged that Congress held a hearing to “bully one of America’s greatest success stories.” The Kentucky lawmaker believes Apple was...

Apple accused of $74bn US tax evasion

Apple, the US tech company is facing a government investigation after it was accused of evading billions of dollars in US taxes by using Ireland as a tax haven.

Senate Subcomittee Investigating Apple’s Offshore Tax Practices

Infowars.comMay 16, 2013 In lieu of the recent IRS scandal it might seem a...

US hospitals grapple with growing number of drug dependent newborns

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Happy Birthday: Apple Is Making a Watch

Happy Birthday: Apple Is Making a Watch

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Posted on Mar 4, 2013
Ruben Schade

The old iPod Nano being used as a watch.

Apple reportedly has 100 designers trying to figure out the most profitable and elegant way to colonize your wrist.

The watch project is said to be a personal fetish of Apple’s famed chief designer Jony Ive and will reportedly run a version of the same mobile operating system that powers the iPhone and iPad.

Bloomberg first reported the story, which has since been confirmed by The Verge.

The idea of an Apple watch has captured consumer imagination since the company released a Nano music player small enough to be worn on the wrist. Since then, the Nano has been redesigned and Apple watchers have been more focused on the company’s often-rumored television. But, as Bloomberg points out, the watch business is more profitable than the TV business, and mobile computing is something Apple already does well.

Impatient shoppers with $150 to spend on nerdy wristwear can already buy the Pebble watch, which uses an e-Paper screen and got its start on crowdsourcing site Kickstarter.

—Posted by Peter Z. Scheer. Follow him on Twitter: @peesch.

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Water Torture, as American as Apple Pie

What does it mean when torture, already the definition of “cruel,” becomes usual?

February 24, 2013  |  

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Try to remain calm -- even as you begin to feel your chest tighten and your heart race.  Try not to panic as water starts flowing into your nose and mouth, while you attempt to constrict your throat and slow your breathing and keep some air in your lungs and fight that growing feeling of suffocation.  Try not to think about dying, because there’s nothing you can do about it, because you’re tied down, because someone is pouring that water over your face, forcing it into you, drowning you slowly and deliberately.  You’re helpless.  You’re in  agony

In short, you’re a victim of “water torture.” Or the “water cure.”  Or the “water rag.”  Or the “water treatment.” Or “ tormenta de toca.”  Or  any of the other  nicknames given to the particular form of  brutality that today goes by the relatively innocuous term “waterboarding.” 

The practice only became  widely known in the United States after it was disclosed that the CIA had been subjecting suspected terrorists to it in the wake of 9/11.  More recently, cinematic  depictions of waterboarding in the award-winning film  Zero Dark Thirty and questions about it at the Senate confirmation hearing for incoming CIA chief John Brennan have sparked debate.  Water torture, however, has a surprisingly long history, dating back to at least the  fourteenth century.  It has been a U.S. military staple since the beginning of the twentieth century, when it was employed by Americans fighting an independence movement in the  Philippines.  American troops would continue to use the brutal tactic in the decades to come -- and during the country’s repeated wars in Asia, they would be victims of it, too. 

Water Torture in Vietnam

For more than a decade, I’ve investigated atrocities committed during the Vietnam War.  In that time, I’ve come to know people who employed water torture and people who were brutalized by it.  Americans and their South Vietnamese allies regularly used it on enemy prisoners and civilian detainees in an effort to gain intelligence or simply punish them.  A picture of the practice even landed on the  front page of the  Washington Post on January 21, 1968, but mostly it went on in secret.

Long-hidden military documents help to fill in the picture.  "I held the suspect down, placed a cloth over his face, and then poured water over the cloth, thus forcing water into his mouth,” Staff Sergeant David Carmon  explained in testimony to Army criminal investigators in December 1970.  According to their synopsis, he admitted to using both electrical torture and water torture in interrogating a detainee who  died not long after.

According to summaries of eyewitness statements by members of Carmon’s unit, the prisoner, identified as Nguyen Cong, had been "beat and kicked," lost consciousness, and suffered convulsions.  A doctor who examined Nguyen, however, claimed there was nothing wrong with him.  Carmon and another member of his military intelligence team then "slapped the Vietnamese and poured water on his face from a five-gallon can," according to a summary of his testimony.  An official report from May 1971 states that Nguyen Cong passed out "and was carried to the confinement cage where he was later found dead.”

Years later, Carmon told me by email that the abuse of prisoners in Vietnam was extensive and encouraged by superiors.  "Nothing was sanctioned," he wrote, "but nothing was off-limits short of seriously injuring a prisoner."

It turns out that Vietnamese prisoners weren’t the only ones subjected to water torture in Vietnam.  U.S. military personnel serving there were victims, too.  Documents I came across in the U.S. National Archives offer a glimpse of a horrifying history that few Americans know anything about.

In Case The Mainstream Media Didn’t Get The Memo, I Crush The Apple Reality...

Yesterday I appeared on CNBC Street Signs, and dropped the truth about America's favorite over hyped company. Check it out...

One viewpoint that is prevalent is the ideology that Apple's problems are temporary and can be fixed with a smattering of pixie dust and fairy farts within the crumbling Apple RDF (reality distortion field). The pundit in the segment above stated that their are no signs of margin compression in the iPhone franchise because ASPs are level. Wait a minute dude! ASPs may be level but costs are increasing. Steady sales plus increasing costs mean lower margins right? I called this last year on TV. Reference...

 

The short call - October 2012, the month of Apple's all-time high and my call to subscribers to short the stock:  Deconstructing The Most Accurate Apple Analysis Ever Made - Share Price, Market Share, Strategy and All

This crux of that article was to debunk the widely assumed notion that I was bearish on Apple's share price for 2 years. The reality of the matter was that the paid research and opinion clearly supported much of Apple's share price until right about the last earnings report and release of the iPhone 5, until I notably went bearish and Apple promptly lost 35%, or about 4 Dells with a LinkedIn thrown in to boot...

apple stock and front month options apple stock and front month optionsapple stock and front month options

Notice how this chart shows subscription research would have provided ample profits LONG and short, with the long presumed to be unleverred as a straight stock purchase. This is to put to bed any naysayers. Now, as to whether my many proclamations over the last two years regarding Apple were able to hold water, we let the facts speak on the reasoning behind the call and the accuracy of my call in the deterioration of Apple's margins, market share and status.

Now, if you recall, there were many sell side analysts calling for Apple to break $1,000 per share just a few months ago. On Friday, 25 January 2013 I penned "What Sell Side Wall Street Doesn't Understand About Apple - It's Not The Leader Of The Post PC World!!!", and is excerpted as follows:

I was going to name this piece "Why Sell Side Wall Street and the Mainstream Media Can't Touch Me", but I decided to go the humble route :-) Do you guys remember those highly paid Wall Street analysts and popular MSM guys who had $1,000+ price targets on Apple just a few months ago? Let's reminisce, shall we...

Let's contrast this to what I have espoused over a similar time frame...

  1.  - This pretty much says it all, right Mr. Munster of Piper Jaffrey??? Yeah, I called you out on this one! Here is an excerpt for good measure, but before you read it remember that Apple's thrashing at the exchange has forced it to renounce its earnigns manipulating ways - just as I anticipated!!!

Well, let's see what's in today's news... Oh yeah!!! Apple cuts MacBook Pro Retina and Air prices, boosts specs 

Apple has slashed the price of its MacBook Pro with Retina display notebooks, throwing in some updated specifications along the way.

Hey, wait a minute! Didn't I say that in the CNBC segment yesterday, and all through last year? Subscribers can access my full Apple report and valuation here Apple 4Q2012 update professional & institutional and Apple 4Q2012 update - retail). Those of you who don't subscribe can review the dated, redacted version below...

Apple -Competition and Cost Structure - unlocked Page 01 Apple -Competition and Cost Structure - unlocked Page 01Apple -Competition and Cost Structure - unlocked Page 02 Apple -Competition and Cost Structure - unlocked Page 02Apple -Competition and Cost Structure - unlocked Page 03 copyApple -Competition and Cost Structure - unlocked Page 03 copyApple -Competition and Cost Structure - unlocked Page 04 copyApple -Competition and Cost Structure - unlocked Page 04 copyApple -Competition and Cost Structure - unlocked Page 05Apple -Competition and Cost Structure - unlocked Page 05Apple -Competition and Cost Structure - unlocked Page 07 copyApple -Competition and Cost Structure - unlocked Page 07 copyApple -Competition and Cost Structure - unlocked Page 08 copyApple -Competition and Cost Structure - unlocked Page 08 copyApple -Competition and Cost Structure - unlocked Page 09 copyApple -Competition and Cost Structure - unlocked Page 09 copyApple -Competition and Cost Structure - unlocked Page 10 copyApple -Competition and Cost Structure - unlocked Page 10 copyApple -Competition and Cost Structure - unlocked Page 11Apple -Competition and Cost Structure - unlocked Page 11
If after reading the articles and viewing the videos above and you believe that I'm the best thing since Wall Street brokerages were private partnerships that couldn't squander other peoples capital at insanely levered levels while misleading muppets with inanely bullshit analysis and sales pitches to 89% losses on their recommendations (reference Multiple Muppet Mashing Leaves Groupon Shareholders Holding The Bag After 89% Off IPO Coupon) just to get paid multi-million dollar bonuses instead of jail time, then feel free to subscribe here.

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Oil Pops, Apple Drops, And Stocks Take Out More Stops

Another low volume, low range, low average trade size day in stocks as recent high (stops) were run again with FX markets ruling the day in terms of volatility. The G-7's initial statement fell on deaf ears , after Draghi's early comments (on a higher...

Apple, Microsoft and Adobe face Australian parliamentary probe

Customers check the latest technology in an Apple retail store in central Sydney. (AFP Photo / Greg Wood)

Customers check the latest technology in an Apple retail store in central Sydney. (AFP Photo / Greg Wood)

Apple, Microsoft and Adobe have been summonsed to appear before the Australian parliament at a hearing into why the tech firms sell their goods to local consumers at higher prices than in the US.

­The parliamentary committee for infrastructure and communications announced that a public hearing will be held on March 22nd in Canberra.

"The Committee is looking at the impacts of prices charged to Australian consumers for IT products – Australian consumers often pay much higher prices for hardware and software than people in other countries," the committee said. "The Committee has been examining claims made by organizations such as CHOICE, and the Australian Communications Consumer Action Network."

"In what's probably the first time anywhere in the world, these IT firms are now being summoned by the Australian parliament to explain why they price their products so much higher in Australia compared to the United States," said ruling Labor government MP Ed Husic, who helped set up the committee.

Australian “people’s watchdog”, CHOICE found that Australians pay on average 34% more for software, 52% more for iTunes music, 88% more for Wii games and 41% for computer hardware than US consumers, their official website states. The research indicated that the majority of these price discrepancies were likely due to price discrimination from large international firms.

Apple, Big Hedge Fund Stars & The Sell Side/Vaudeville Act To Burn Your Hard...

I see many pundits on CNBC commenting on Apple. I believe they are ALL wrong! To begin with, nearly all of them are coming up with revaluations after the fact - which is simply too late and lacks credibility. Second, Apple has someserious steps to take if it is to get back into the mobile computing race. David Einhorn's recommendation to return cash to shareholders (on the CNBC front page today) is not one of them. He's approaching this from a trader's perspective, and not from the perspective of a strategic long term investor. To date, Apple has outperformed nearly all hedge funds in the reinvestment of its cash. If Apple does the right thing, the  ability to replicate this performance by only 50% will whip the pants off of nearly every hedge fund, Einhorn's included. In addition, Apple is about to go through a depression style bout of margin compression that it will need cash to battle. I explained this to a group of entrepeneurs last year. Basically, Apple's $137B+ in cash is a call option on future opportunities and a put option on future mishaps. Einhorn is asking management to sell that call/put option straddle now, and forgo the ability to capitalize on future opportunities while running naked against margin compression at the same time that Apple's competition has surpassed it in technical ability (product/service wise) while Apple has shown ineptitude in competing in the cloud (see the maps fiasco), the next battle ground for the end user. This option sale will be had for the one time premium of a cash distribution. Wise, eh?

Does this mentality smack of the short term-ism indicative of a trader to you, or is it the mentality of the long term, innovative vision of Steve Jobs that got Apple where it is now? See the video below where I delve into this in detail...

Since I was practically the only one (at least that I know of) to accurately and timely call the turn on Apple BEFORE THE FACT, I would love to take this time to point out what it is that's wrong with Apple and what it would take for it to regain its shine. Just to illustrate this point, let's reminisce, shall we...

Let's contrast this to what I have espoused over a similar time frame...

Now, what do we have in sell sidevaudville today? CNBC reports Apple Heading Toward $200?: McLean.WTF???? What happen to $1,000????

Yes, I'm going after the sell side again. And I'll keep doing it. I'm a monster to the charlatan crew... A monster, I tell you...

Apple needs to start spending money, needs to spend wisely, needs to spend it in droves, and it needs to do ALL of this, NOW!!!! That is what Apple REALLY needs to do to compete with Google and enrich shareholders. Now, those shareholders with short term-ism will consider this Apple management burning cash in a desperate attempt to save the ship. These limited horizon guys will jump ship and drive the share price down. It is then that Apple will be a strong buy if, and only if, management succeeds in making leeway... Much in the same way that Google did in its acquisition spree that gave it some of its most valuable properties and multi-billion dollar franchises that literally run the web in their respective categories - to wit:

  • YouTube
  • Android
  • Google Voice
  • AdMob

For anyone who thinks this acquisition spree is a foolish endeavor, ask those who listened to the "short Google, long Apple" advice of the pros...

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Just as much (if not most, not withstanding the "Muppet Factor") of the Sell Side of Wall Street Doesn't Truly Understand Apple, many of them equally clueless regarding Google as well… Google has used it's call option of billions of dollars of cash and its cash producing cash cow business model of ad serving to literally buy value at discounted prices. Of course, those with short term vision can't see the value - just as fails to see a forest due to all of that tree bark in the way!!!

Google Final Report Sep 29 Page 53 copyGoogle Final Report Sep 29 Page 53 copyGoogle Final Report Sep 29 Page 54Google Final Report Sep 29 Page 54As a reminder, I warned in plenty of time to both avoid loss and profit on the short and long side for each company involved in these mobile computing wars. As a matter of fact, three years ago, I laid out in detail the entire mobile computing war map - along with the prospects of the major competitors - Google, Apple, Research in Motion and Microsoft/Nokia, reference "" series. How accurate were these predictions, predilections, and analyses?

Now, for all of you senstive types who may consider this bragging or boasting, it is far from such. As a matter of distinct fact, the contents of this entire post should have been glaringly obvious to anyone years ago who actively used and followed the products and services of the companies herein, and had even a rudimentary understanding of business valuation. You know, it's amazing how far an awareness of cognitive biases (Deconstructing The Most Accurate Apple Analysis Ever Made - Share Price, Market Share, Strategy and All) and a mastery of second grade math () can get you on Wall Street.

The Sell Side analytical community and the (sheeple) investors which they serve is another matter though. Subscribers can download the data that shows the blatant game being played between Apple and the Sell Side here: File Icon Apple Earnings Guidance Analysis. Those who need to subscribe can do so here.

Below, I drilled down on the date and used a percentage difference view to illustrate the improvement in P/E stemming from the earnings beats.

Again, a master of the basics, the fundamentals, common sense and 2nd grade math can actually bring you tomorrows news yesterday! For those interested in the research behind these many calls, as well as many others,Subscribe to BoomBustBlog today!

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$600 Billion In Trades In Four Years: How Apple Puts Even The Most Aggressive...

Everyone knows that for the better part of the past year Apple, Inc. ("AAPL", or "The Company") was the world's biggest company by market cap, with Exxon finally regaining that title on Friday, following AAPL's latest price drop in the aftermath of its disappointing earnings. Most know that AAPL aggressively uses all legal tax loopholes to pay as little State and Federal tax as possible, despite being one of the world's most profitable companies.

Many also know, courtesy of our exclusive from September, that Apple also is the holding company for Braeburn Capital: a firm which with a few exceptions (Bridgewater; JPM's CIO prop trading desk) also happens to be one of the world's largest hedge funds, whose function is to manage Apple's massive cash hoard, with virtually zero requirements, and whose obligation is to make sure that AAPL's cash gets laundered legally and efficiently in a way that complies with prerogative #1: avoid paying taxes.

What few if any know, is that as part of its cash management obligations, Braeburn, and AAPL by extension, has conducted a mindboggling $600 billion worth of gross notional trades in just the past four years, consisting of buying and selling assorted unknown securities, or some $250 billion in 2012 alone: a grand total which represents some $1 billion per working day on average, and which puts the net turnover of some 99% of all hedge funds to shame!

Finally, what nobody knows, except for the recipients of course, is just how much in trade commissions AAPL has paid over the past four years on these hundreds of billions in trades to the brokering banks, many (or maybe all) of which may have found this commission revenue facilitating AAPL having a "Buy" recommendation: a rating shared by 52, or 83% of the raters, despite the company's wiping out of one year in capital gains in a few short months.

The Perfectly Legal Tax Evasion Scheme

Apple's massive cash hoard is something that gets its 15 minutes of fame each and every quarter, because for now at least, it keeps growing and growing and growing. However, that is not exactly correct. In fact, the company's cash and cash equivalents at December 31, 2012 is just $16.2 billion: barely $9 billion more than it was 4 years ago, on December 31, 2008. Where the bulk of AAPL's profits are kept, however, is not in cash and equivalents, but in various undisclosed short- and long-term securities.

It is these, and particularly the latter, that have soared in a near parabolic fashion in the past 4 years. As the chart below shows, while cash and short-term marketable securities have been virtually flat for the better part of the past 16 quarters, it is the long-term marketable securities that have exploded from just $2.5 billion to a whopping $97.3 billion.

So why does AAPL funnel its profits in a fashion that redirects it to investments instead of domestically hoarded cash? Simple: to take advantage of offshore venues which allow it to avoid paying any tax on the cash that gets redirected for trading purposes. As per the company's filings, of the massive $137.1 billion in cash and investments AAPL has access to, a near record 68.7%, or $94.2 billion, is held offshore.

The chart above means that contrary to popular disinformation, AAPL "only" has ready access to some $43 billion in domestically held cash for corporate purposes such as dividends, stock buybacks and local M&A. The rest of the cash is essentially in offshore lockboxes, which are non-recourse for domestic corporate purposes, absent repatriation. And herein lies the rub. From the latst 10-Q:

As of December 29, 2012 and September 29, 2012, $94.2 billion and $82.6 billion, respectively, of the Company’s cash, cash equivalents and marketable securities were held by foreign subsidiaries and are generally based in U.S. dollar-denominated holdings. Amounts held by foreign subsidiaries are generally subject to U.S. income taxation on repatriation to the U.S.

Apply a 30% tax to the offshore holdings and suddenly one can see why broad statements that AAPL has some $130/share in cash are largely meaningless: if AAPL wishes to have full access to dispose with this cash as it saw fit, it would first have to pay Uncle Sam some $30/share in cash before it had full recourse.

So why does AAPL chose to have cash stock up offshore instead of being able to dispose of it? Simple, and logical. Taxes, or rather the lack thereof.

The chart below shows that while AAPL has generated some $136 billion in operating profits in the past four years, the amount of cash taxes it has paid, as per the company's cash flow statements, has been a grand total of $18.6 billion: a 13.6% effective tax rate. And this $18.6 billion also includes taxes paid in offshore venues, so realistically the cash taxes paid in the US are likely well under 10% of profits.

The same on a quarter by quarter basis: operating income grows, cash taxes paid stay the same:

But far form us making an ethical claim here: AAPL is merely following the same legal loopholes that are available to all, yet made a mockery of the tax shelters used by recent presidential candidates. Perhaps one should ask Congress why these laws are there in the first place to allow the same companies that spend millions on lobbying members of Congress to retain billions in unpaid taxes via various tax shelters: a rather amazing IRR, if only for the corporations involved.

None of the above is news, and AAPL's aggressive use of tax loopholes has been known for years.

What has not been known is just how the cash from the company's seemingly endless profits gets moved from the Income Statement to the Balance Sheet: profits, which until recently were assumed would grow in perpetuity, until something strange happened: Samsung became cooler and faddier than AAPL, which coupled with accelerated margin erosion at AAPL grappling with an end-consumer who has increasingly less disposable cash flow, has led to a drubbing of the stock to new 52 week lows.

A Hedge Fund On Stroids

The conventional wisdom of Apple, and by implication of Braeburn, is of a boring old shop which invests its money prudently and cautiously in ultra-safe securities.

This is what AAPL itself has to say about its allocation of capital. From the just released 10-Q:

The Company’s marketable securities investment portfolio is invested primarily in highly-rated securities and its investment policy generally limits the amount of credit exposure to any one issuer. The policy requires investments generally to be investment grade with the objective of minimizing the potential risk of principal loss.

Good but... "primarily" and "generally"? One doesn't have to be an MF Global and JPM London Whale fallout expert to know that Jon Corzine's or Jamie Dimon's (or any other prop trading institution for that matter), was "primarily and "generally" supposed to be invested in highly-rated securities whose objective was avoiding risk and loss. Until it was uncovered they aren't. And as we explained previously, when we dissected AAPL's arm's length asset manager Braeburn, there is little more out there:

Braeburn has no reporting obligations: there is no Investment Advisor Public Disclosure (IAPD) entry on Braeburn for the logical reason that it is not an investment advisor: it merely manages an ungodly amount of cash for AAPL's millions of shareholders. There is also no SEC filing 13-F filing on Braeburn's holdings. As such, not confined by the limitations of being a "long-only", it is in its full right to hold any assets it feels like, up to and including CDS on housing, puts on Samsung, or Constant Maturity Swaps that pay if the 10 Year collapses. It just doesn't have to report any of them.

Nobody knows: and that's the beauty of Braeburn. It is the world's largest hedge fund that is not really a hedge fund, nobody has heard of, and nobody knows just what assets it holds.

Indeed nobody does know just what goes on behind the door of Suite 225 at 730 Sandhill Road in Reno, Nevada where Braeburn in situated. However, one can extrapolate some rather curious things.

Such as that starting December 2008, and through December 2012, according to its own filings, AAPL has bought and sold a grand total of $600 billion in "marketable securities", of which the sales alone amount to a whopping 205 billion!

What is not shown above is that over the same period, maturities on AAPL's ever-growing portfolio amount to some $82 billion. In other words, between maturities and sales, AAPL has generated nearly $300 billion in cash for investment and reinvestment purposes.

Shortening the time frame somewhat, just in 2012 AAPL's gross trading on its securities holdings amounts to a whopping $250 billion, or nearly $1 billion for every working day of the year: an amount that would put the turnover of some 99% of the most active daytrading hedge funds in the US to shame!

What is very curious is that even as AAPL's overall portfolio rose and rose, with purchases "primarily" of supposedly safe investment grade securities, an amount which has peaked at $121 billion as of December 31, 2012, the actual quarterly maturity of AAPL's portfolio, or the natural roll off, has decline to a near record low, or just 2.9% of total. How it is possible that the quarterly maturing notional continues to decline even as the portfolio, of both short- and long-term securities grows, is frankly, beyond our meager comprehension skills.

What is even more curious is that AAPL can't even make the excuse that it is merely churning its short-term marketable securitie. As the chart below shows, beginning in March 2011, the total amount of sales and maturities exceeds the quarterly total holdings of short-term securities, which naturally implies that a substantial portion of the long-term securities is also being sold.

So why would AAPL engage in what increasingly appears to be not only active portfolio management, but extremely aggressive and overzealous portfolio management, one which includes massive trades - buys but more importlanly sales - on a day to day basis?

Said otherwise: why is the world's premier maker of gizmos also one of the biggest under-the-radar day traders of unknown securities nobody has ever heard of?

* * *

We don't know the answer to these questions. We do know however, that if one is indeed engaged in plain vanilla money management, such as investing in ultra safe investments, there would be no need of such aggressive purchases and dispositions of securities.

In fact, adding the simple average of the short- and long-term marketable securities holdings of AAPL over the past 4 years amounts to some $59 billion. Yet, as noted above, the total amount of gross trades -buys and sales - over the same period is $600 billion, or a total portfolio turnover of some ten mindboggling times!

This is hardly what one would call boring investing in safe securities, and certainly something one would call aggressive to quite aggressive money management, one that not even some of the world's most successful hedge fund managers are equipped or willing to do.

Yet Braeburn Capital, a/k/a AAPL, has been doing it for the past 4 years, and does so to the tune of $1 billion per day.

* * *

Finally, there is the minor question of who exactly is it that executes these trades, or, in other words, which are the banks that have pocketed billions in commissions on AAPL's furiously traded portfolio?

We don't know, but we wonder: could it be the same banks that come rain or shine, gave AAPL a Buy rating, one which is still held by some 52 of the 63 banks covering the company, among which naturally are the most prominent brokers of "investment grade" securities:

Perhaps it would be very informative one day, years after the AAPL craze is long gone, to inquire just how much money AAPL paid out to any/all of the banks listed above in the form of trade commissions and other forms of "soft dollar" compensation. After all, any client which has conducted some $600 billion in trades in the past 16 quarters is known by one word at every single bank: "dream."

And parallel to that, one wonders what AAPL's total profits would have been and thus total marketable securities holdings, how much less the total trading churn and commissions to the sell side would have been had the downgrade battery started long ago, and thus broken the hypnotic and very much reflexive relationship between the world's most profitable company and its "coolness" factor, which in a feedback loop made it sell more products, making its market cap bigger, making its securities holdings larger, and making sellside profits greater, and so on ad inf... until one day it all snapped.

* * *
The point of the above analysis is not to take away from the operational side of the business: the fact that AAPL created and dominated the smartphone and tablet sector for years is undisputable. Yet now that many challengers are emerging, both new and old, both premium and commoditized, more and more attention is shifting to AAPL's balance sheet, and the main asset thereon: the company's cash and marketable securities.

The point of the above analysis is to show that when it comes to said cash and marketable securities there is much more than meet the superficial eye, and certainly much, much more than just a summary assessment that "AAPL has nearly $140 billion in cash so it has to hand this cash out to investors."

If there is one thing that the above should have made quite clear, it is that just as the AAPL product ecosystem is supposed to ensnare customers into always and only buying AAPL products, so the AAPL's portfolio management "ecosystem" may have made it impossible for AAPL to break away from what is now 4 years of uber-aggressive asset management in the vein of some of the world's most aggressive investors.

And that any hopes for a quick and easy disposal of cash to the benefit of shareholders may well not be coming any time soon.

* * *

Finally, a tangent: if indeed AAPL is invested in plain vanilla fixed income securities, as it reports, amounting to well over $120 billion which have a DV01 in the tens if not hundreds of millions, and if indeed, the great rotation from bonds into stocks has begun, AAPL, which many have jokingly called Fed-lite will suddenly develop a very, very big headache: how to dump over a hundred billion in debt in a market that suddenly has gone if not bidless, the bidweak.

Because while the Fed can print its own liquidity, AAPL, well, can't...

Source: AAPL public filings

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Apple products made with child labor — internal report

Employees work at a Foxconn factory in Wuhan, Hubei province (Reuters)

Employees work at a Foxconn factory in Wuhan, Hubei province (Reuters)

Apple Inc. used child labor in the making of its products by employing 106 underage workers across 11 facilitates in 2012, an internal audit revealed. According to a report, the company also discovered wage problems and forced pregnancy tests.

Apple’s annual ‘Supplier Responsibility’ report, which includes nearly 400 audits, 72 per cent more than in 2011, reviewed sites where over 1.5 million workers make some of the world’s leading products, including iPhone and iPad.

In addition to 106 underage children that were employed, the report discovered 70 more that either left or passed the age of 16 by the time of the audit.

Seventy-four of 106 underage individuals were employed by a single Chinese manufacturer, Guangdong Real Faith Pingzhou Electronics, responsible for producing circuit-board components for Apple.

The California-based company terminated work with all of the underage individuals following the investigation into the matter.

Inquiry revealed that a labor agency, Shenzhen Quanshun Human Resources, “knowingly” provided children with fake records after conspiring with families to forge identification documents, the report stated.

Upon discovery, Apple reported the labor agency to local authorities.

Instances triggered by working conditions in Apple’s supply facilities overseas:

July 2009: A Foxconn worker fell from apartment building after reportedly losing an iPhone prototype. 18 more workers were linked to attempted suicides in 2010 and over the next two years.

2010: 137 workers were injured by poisonous chemical, n-hexane, used to clean iPhone screens at Suzhou facility, owned by Apple suppliers Wintek.

May 2011: Four workers died and 18 injured in dust explosion at Foxconn factory that produces iPad parts in Chengdu, China.

December 2011: 61 workers were injured in a gas explosion in Shanghai, China at Riteng Computer Accessory Co factory that makes iPad 2 back panels.

September 2012: A fight involving up to 2,000 workers forced Foxconn to close a plant in Shanxi province in northern China.

The children’s age was not disclosed, but according to Apple’s code of conduct, the company cannot employ workers under the age of 15, or under the legal working age in any given jurisdiction, which is 16 years old in China.

“Our approach to underage labor is clear: We don’t tolerate it, and we’re working to eradicate it from our industry,” report said.

Apple demanded that all the underage workers be returned to their families and the employer was "required to pay expenses to facilitate their successful return", including education fees.The company instructed the suppliers to reimburse excessive recruitment fees amounting to higher than one month’s wages.

Other offences noted in the report included 34 suppliers demanding mandatory pregnancy tests, eight factories implementing wage confiscation from bonded workers to pay off debts imposed by recruitment agencies, 90 workplaces docking wages as punishment, and one supplier dumping waste oil down toilets.

In the past, Apple has faced criticism of profiteering off severely underpaid workers and bad working conditions overseas.

Apple’s report was commissioned under Chief Executive Tim Cook shortly after a series of at least 18 employee suicides in China linked to working conditions at Foxconn, the Taiwanese company that puts together iPads and iPhones, and a number of explosions at other plants.

Apple’s Flash Dump In The Last Second Of Trading Caught On Tape

Sure, the retail "investors" are coming back into the "markets"... They are coming back in shifts.  And just so they know what to expect, here is what happened to Apple stock in the last second of regular trading today, courtesy of Nanex. Unlike traditional flash crashes where the trade is an HFT error, or a few shares traded through the entire bid or offer stack, in this case it looks like a very premeditated unloading of some 800K shares (some $350 million worth) of AAPL in the last second, with the full knowledge it was shake the market. Why anyone would want (or wait until the very last second) to do that, while covering the offsetting ES short in the pair trade, to ramp the market into the close, is anyone's guess.

Your rating: None Average: 4.8 (6 votes)

Good News Apple Bulls: Today’s $60 Billion Market Cap Loss Is Not The Biggest...

Apple lost a remarkable $59.63bn in market cap today sending even the most ardent of bullish sell-side analysts scrambling for cover. However, there is a silver-lining, this is not (as many expected) the greatest market cap loss ever in history in one...

Apple Earnings Shock Offset By Good Cop/Bad Cop Macro Data

While the main topic of conversation overnight was the Apple implosion after earnings (which was mercifully spared inbound calls from repo desk margin clerks who had all gone home by the time the stock hit $460), there was some macro data to muddle up the picture, which, like everything else in this baffle with BS new normal came in "good/bad cop" pairs.

In early trading, all eyes were focused on Japan, whose trade and especially exports imploded when the country posted a record trade gap of 6.93 trillion yen ($78.27 billion) in 2012 and the seventh consecutive monthly drop in exports which showed that improved sentiment has yet to translate into hard economic data. Finance ministry data on Thursday showed that exports fell 5.8 percent in the year to December, more than economists' consensus forecast of a 4.2 percent drop. Trade with China was hit particularly hard following the ongoing island fiasco, which means that all the ongoing Yen destruction has largely been for nothing as organic growth markets simply shut off Japan. This ugly news was marginally offset by a tiny beat in the HSBC China manufacturing PMI which came slightly above consensus at 51.9 vs exp. 51.7, the highest print in 24 months, but as with everything else coming out of China one really shouldn't believe this or any other number in a country that will not allow even one corporate default to prevent the credit-driven illusion from popping.

Moving to Europe it too was a good/bad news story: shortly before 3 am the BIS FX team was summoned to defend the 1.33 support after French manufacturing PMI plummeted from 44.6 to 42.7, on expectations of a rise to 45.1 and the realization that the recession has fully engulfed Europe's core. However, this disturbing print was promptly offset by German PMI which in turn rose from 46.0 to 48.8, on expectations of a 46.8 print. Whether this modest bounce will be enough to push Germany out of what is now the first leg of a recession remains to be seen.

Judging by the fact that leading German bank announced plans to fire 4,000-6,000 earlier, we doubt there is much hope for a quick rebound in Germany.

Elsewhere, Spain reported its last depressionary data point, which was the Q4 unemployment, and which as expected rose to above the expected 26%, or a record 26.02% to be precise in the last quarter, and well above the 25.02% in Q3. Finally, completing the sad European picture were Italian November retail sales which too were worse than expected at -0.4%, on expectations of a -0.1% print, and the prior was revised further down from -1% to -1.3%.

Finally, in bad news for socialists everywhere, France has fully abandoned plans for its 75% tax rate, Europe1 reported.

More on the overnight events from DB's Jim Reid:

China's PMI and Apple's results are the two competing stories overnight with the latter weighing on sentiment in the Asian session. Indeed besides Japan (+1.2%), major bourses in Hong Kong, China and South Korea are down -0.1%, -0.3% and -0.9% respectively. Before we take a closer look at Apple’s disappointing results, the HSBC manufacturing PMI in China came in slightly above consensus (51.9 v 51.7) this morning. This was the highest print in 24 months with the series having gradually recovered from the lows of 47.6 in August of last year. Away from China, other Asian data flow overnight has generally been on the soft side. Korea’s Q4 GDP (+1.5% yoy v +1.8% yoy expected) fell short of market consensus while Japan posted a wider-thanexpected trade deficit (JPY641.5B v JPY-522.8B) in December. For Korea this is the slowest quarterly yoy growth since September 2009 and the Japanese trade deficit in 2012 is the widest on record on an annual basis.

Turning to Apple, the company managed to beat EPS consensus ($13.81 v $13.53) but revenue fell short of market expectations ($54.5bn v $54.9bn). More importantly forward looking revenue and gross margin guidance also came in light relative to street estimates. In terms of product performance in the latest quarter, our US colleagues noted that iPhone sales were largely in line but iPad sales were lighter than expected and Macs sales sharply disappointed. Apple’s shares plunged around 10% in after hours trading and have now lost a third of their value from the peak in September last year. Apple’s after market move is also dampening the performance of the S&P 500 Futures (-0.4%) and NASDAQ 100 Futures (-1.5%) overnight. It will be interesting to see how US markets trade throughout today after what proved to be a positive finish to yesterday’s trading session.

Indeed the S&P 500 edged higher (+0.15%) for its 6th consecutive session yesterday as sentiment was boosted by news that the US House of Representative has voted (285 v 144) to suspend the debt ceiling for three months. The earnings scorecard before the closing bell was also generally positive with 65% and 81% of companies that reported yesterday coming ahead of analysts’ EPS and revenue expectations, respectively. IBM’s better results helped drive the Dow (+0.49%) up to just less than 1% away from its all time highs. For the record the S&P 500 is also just 5pts away from the symbolic 1,500 mark.

On the fixed income side, its quite interesting to note that the Dell-driven LBO theme is pushing the skew on the CDX IG index to negative territory. The index edged a tad tighter yesterday and now trades about 5bps ‘rich’ to intrinsic value as some single names are seeing demand for protection on LBO concerns. Overall January continues to be a good month for risk, continuing the theme from the back end of 2012. However the growth outlook isn’t necessarily much better than where we were 3 months ago. The IMF published its updated global growth forecasts yesterday and now expects global GDP to grow by 3.5% this year. This is a touch lower than the 3.6% forecast they had in October last year. This is still ok but we'll need some upward momentum in the data to reach this level still.

In terms of the day ahead, flash PMIs from France, Germany and the Eurozone will be the key European data print today. As we said in our outlook, these readings need to get into the low 50s to justify current levels of markets rather than just above the mid-40s they generally are in Europe at the moment.

They have a few months grace to get there without upsetting the party but these prints
along the way will be informative. Elsewhere Merkel and Cameron will both speak at day-2
of the Davos conference today. On the other side of the pond we also get the preliminary
Markit PMI in the US as well as the usual weekly jobless claims. 3M and Microsoft are
some of the bigger names reporting today.

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Most Asian and European stocks fall on Apple’s Q4 results

People walk in front of the 5th avenue Apple store on January 14, 2013 in New York City. (Spencer Platt/Getty Images/AFP)

People walk in front of the 5th avenue Apple store on January 14, 2013 in New York City. (Spencer Platt/Getty Images/AFP)

Apple’s worse than expected fourth quarter earnings cause a negative push on the major European and Asian stock exchanges on Thursday.

­Apple’s net profits in October-December 2012 stood at $13.1 billion with revenues of $54.5 billion which showed an 18% increase over the same quarter last year. However analysts expected profits to be at $13.53 billion mark and revenues to reach $54.9 billion.

The shares have dropped by 10.5% following the arrival of the quarter earnings and are trading at $461.3 per share. The capitalization loss accounts for $50 billion and the shares have slid by 30% comparied to September 2012. There are fears Apple Inc can lose its unique dynamic and its spot as the biggest company in the world – ExxonMobil is only $20 billion behind. 

Europe’s consolidated index of the biggest corporations slid by 0.20% on Thursday with major indices dropping. The S&P is lower by 0.4% and the MSCI Asia Pacific is down by 0.2%.

Most Asian markets ended lower Thursday amid the gloom over earnings reports from Apple Inc. South Korea’s Kospi and China’s Shanghai Composite Index lost 0.8% each, Taiwan’s Taiex declined 0.6% and Hong Kong’s Hang Seng Index slipped 0.2%.

Apple Reports Quarterly Revenue Of $54.5bn

Apple sold 47.8 million iPhones in the last quarter of 2012 and its revenues rose to \$54.5bn but figures slightly missed targets. Shares of the computing giant fell in after-hour trade, at one point plunging more than 10%. Some analysts had expected ...

What The World Is Thinking Ahead Of Apple’s Earnings

With minutes to go, this is what the world (according to the Google machine) is thinking ahead of Apple's earnings... and what the market expects... and what the market is expecting... Revenue: $54.878bn (Guidance $52.00bn) Operating Income: $16.97b...

Apple might release three new iPhones this year

A chain of reports out of Asia have announced that Apple plans to release three new iPhone models this year, two of them which will hit markets before the end of June.

The reports come one week after the Wall Street Journal reported a weak demand for the iPhone and that Apple was cutting its orders of the iPhone 5. The rumors from Asia suggest that Apple is not only planning to release more products this year, but that the company will see major growth in the second quarter of 2013.

The information was first publicized by the Commercial Times of Taiwan, then picked up by the China Times and translated by BrightWire. The reports claim that Apple will release a 4-inch iPhone 5S and a 4.8-inch “iPhone Math” before June, as well as a third iPhone with a 12 megapixel camera sometime before December. Apple is allegedly also going to release an Apple TV, known as the 'iTV', this year.

“The shipments for components, including touchscreens and cameras, will start rising significantly in March, and iPhone manufacturers will begin production in late April,” BrightWire states. “Hence, Apple’s suppliers will see major growth in 2Q 2013.”

The rumors have not been confirmed by Apple, but have sparked conversations over the future of the company. Business Insider predicts the iPhone business “appears to be ready for a major shake up in 2013.”

The rumors have also brought forth a number of questions about the veracity of the reports. The bigger 4.8-inch iPhone does not fit standard screens for developers’ applications. Currently, apps are created to fit 3.5-inch screens, 4-inch screens, 7.8-inch screens and 9.7-inch screens.

Some have also wondered whether Apple would name an iPhone the “Math”, and have suggested that this was perhaps translated incorrectly. But after the translation rumors surfaced, BrightWire added a note to its readers.

“Some news sites are speculating that the real name of the ‘iPhone Math’ product is ‘iPhone Max’ or ‘iPhone+’. However, the name ‘iPhone Math’ continues to be reported in Chinese and Taiwanese news sources that originally broke the story,” BrightWire writes.

The reports claim that in total, Apple will release seven or eight new products in 2013.

Apple stock has suffered several months of decline and was hit especially hard by the Wall Street Journal report that claimed it had reduced its component orders for the iPhone 5. The company has lost around $200 per share since September and closed at around $500 per share on Friday.

But Apple will report its fiscal first-quarter earnings on Wednesday. A large number of iPhone sales might bring its stock value back up shortly before the company plans to come out with new products. 

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America’s Big Political Fight: Will We Grapple with Reality or Fully Detach and Live...

Key elements of the American Right have set up permanent residence in the world of make-believe, making the real-world challenges we face almost impossible to solve.

January 16, 2013  |  

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The real struggle confronting the United States is not between the Right and the Left in any traditional sense, but between those who believe in reality and those who are entranced by unreality. It is a battle that is testing whether fact-based people have the same determination to fight for their real-world view as those who operate in a fact-free space do in defending their illusions.

These battle lines do relate somewhat to the Right/Left divide because today’s right-wing has embraced ideological propaganda as truth more aggressively and completely than those on the Left, though the Left (and the Center, too) are surely not immune from the practice of ignoring facts in pursuit of some useful agit-prop.

But key elements of the American Right have set up permanent residence in the world of make-believe, making any commonsense approach to the real-world challenges nearly politically impossible. The Right’s fantasists also have the passions of true-believers, like a cult that gets angrier the more its views are questioned.

So, it doesn’t matter that scientific evidence proves global warming is real; the deniers will insist the facts are simply a government ploy to impose “tyranny.” It doesn’t matter how many schoolchildren are slaughtered by semi-automatic assault rifles – or what  the real history of the Second Amendment was. To the gun fanatics, the Framers wanted armed rebellion against the non-violent political process they worked so hard to create.

On more narrow questions, it doesn’t matter whether President Barack Obama presents his short or long birth certificates, he must have somehow fabricated the Hawaiian state records to hide his Kenyan birth. Oh, yes, and Obama is “lazy” even though he may appear to an objective observer to be a multi-tasking workaholic.

The American Right’s collective departure from reality can be traced back decades, but clearly accelerated with the emergence of former actor Ronald Reagan on the national stage. Even his admirers acknowledge that Reagan had a strained relationship with facts, preferring to illustrate his points with distorted or apocryphal anecdotes.

Reagan’s detachment from reality extended from foreign policy to economics. As his rival for the 1980 Republican presidential nomination, George H.W. Bush famously labeled Reagan’s supply-side policies – of massive tax cuts for the rich which would supposedly raise more revenues – as “voodoo economics.”

But Bush, who knew better, then succumbed to Reagan’s political clout as he accepted Reagan’s vice presidential offer. In that way, the senior Bush would become a model for how other figures in the Establishment would pragmatically bend to Reagan’s casual disregard for reality.

Perception Management

The Reagan administration also built around the President a propaganda infrastructure that systematically punished politicians, citizens, journalists or anyone who dared challenge the fantasies. This private-public collaboration – coordinating right-wing media with government disinformationists – brought home to America the CIA’s strategy of “perception management” normally aimed at hostile populations.

Thus, the Nicaraguan Contras, who in reality were drug-connected terrorists roaming the countryside murdering, torturing and raping, became “the moral equivalent” of America’s Founding Fathers. To say otherwise marked you as a troublemaker who had to be “controversialized” and marginalized.

The remarkable success of Reagan’s propaganda was a lesson not lost on a young generation of Republican operatives and the emerging neoconservatives who held key jobs in Reagan’s Central American and public-diplomacy operations, the likes of Elliott Abrams and Robert Kagan. The neocons’ devotion to imperialism abroad seemed to motivate their growing disdain for empiricism at home. Facts didn’t matter; results did. [See Robert Parry’s  Lost History.]

But this strategy wouldn’t have worked if not for gullible rank-and-file right-wingers who were manipulated by an endless series of false narratives. The Republican political pros manipulated the racial resentments of neo-Confederates, the religious zeal of fundamentalist Christians, and the free-market hero worship of Ayn Rand acolytes.

Market Buzz: Apple and the Fed in the limelight

Traders work on the floor of the New York Stock Exchange (NYSE) in New York.(AFP Photo / Stephen Chernin)

Traders work on the floor of the New York Stock Exchange (NYSE) in New York.(AFP Photo / Stephen Chernin)

Russian markets are expected to react sharply to comments by US Federal Reserve Chair Ben Bernanke, while gains in China are likely to boost indices.

­Russian indices moved higher Monday, supported by strong corporate results in the retail and resource sectors. The MICEX and the RTS both jumped 1.2%.

European stock markets closed in the red Monday as investors awaited a speech by US Fed Chief Ben Bernanke on the country’s monetary policy. The Stoxx Europe 600 fell 0.4% and the German DAX 30 rose 0.2%, led by gains of chemicals group BASF SE. The French CAC 40 rose 0.1%, supported by banking.

US stocks closed mostly lower on Monday after Apple announced a cut in iPhone production. Bernanke’s pledge that the Fed’s easing policy has a low risk of inflation also failed to cheer investors. The Dow Jones itched 0.1%, the S&P 500 shed less than 0.1% and the Nasdaq Composite lost 0.3%. Shares of Apple fell 3.6% in a $17bn selloff after the WSJ reported that LCD panel producers cut output for Apple amid slower-than-expected global sales of the iPhone 5.

Asian stocks traded mixed Tuesday, supported by Japanese gains on the weaker yen; losses by Apple also hit the tech sector. Japan’s Nikkei rose 0.7% to its highest level since the end of April 2010. Hong Kong’s Hang Seng Index shed 0.3% and the Shanghai Composite added 0.4%, extending gains on speculation that mainland China would open stock markets to foreign investors. Australia’s S&P/ASX 200 declined 0.3%, and South Korea’s Kospi shed 0.9%.

Apple cuts orders for iPhone 5 parts, as demand lags

Apple has reduced orders for components for its iPhone 5, as the gadget hasn’t prove to be as popular as expected. Simultaneously inexpensive smartphones from its closest rival – Samsung – are gaining in popularity.

Apple’s orders for iPhone screens between January and March were almost half the number it had been previously planned, as The Wall Street Journal quotes its sources.

Competition from other Android – based smartphones, with Samsung models being the strongest rival, ate into the demand for iPhones. South Korea’s Samsung has already left Apple behind in terms of smart phones sales. Inexpensive gadgets by Chinese Huawei Technologies Co is also taking away part of the demand from Apple.

As for 3Q 2012 Apple had 14.6% of world smartphone shipments, which is well below its all – time high of 23% registered in 4Q 2011, according to International Data Corporation. Meanwhile, Samsung shares have skyrocketed by 31.3% in 3Q 2012 from 8.8% a year earlier, with the company expecting to set another record operating profit in 4Q 2012 on the back of strong sales of its Galaxy smartphones.

Released in September 2012, the iPhone 5 marked Apple’s effort to retain its strong market position amidst growing competition. The latest iPhone comes with a longer four -inch screen, which compares to the previous 3.5 inch version.

Most recently, Apple was reported it is to launch a budget version of the iPhone, which is expected to help gain a foothold in developing markets. The price tag will reportedly be between $99 and $149, which is approximately a third the price of current models costing $650 without a contract in the US, as Bloomberg reports. The smartphone would be smaller than current models and would be made from cheaper parts.

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Will America Ever Grapple with the Atrocities It Committed in Vietnam?

There has been one connecting thread in Washington’s foreign wars of the last half century -- misery for local nationals.

January 8, 2013  |  

Photo Credit: Shutterstock.com/Hudyma Natallia

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Pham To looked great for 78 years old.  (At least, that’s about how old he thought he was.)  His hair was thin, gray, and receding at the temples, but his eyes were lively and his physique robust -- all the more remarkable given what he had lived through.  I listened intently, as I had so many times before to so many similar stories, but it was still beyond my ability to comprehend.  It’s probably beyond yours, too.

Pham To told me that the planes began their bombing runs in 1965 and that periodic artillery shelling started about the same time.  Nobody will ever know just how many civilians were killed in the years after that.  “The number is uncountable,” he said one spring day a few years ago in a village in the mountains of rural central Vietnam.  “So many people died.”

And it only got worse.  Chemical defoliants came next, ravaging the land.  Helicopter machine gunners began firing on locals.  By 1969, bombing and shelling were day-and-night occurrences.  Many villagers fled.  Some headed further into the mountains, trading the terror of imminent death for a daily struggle of hardscrabble privation; others were forced into squalid refugee resettlement areas.  Those who remained in the village suffered more when the troops came through.  Homes were burned as a matter of course.  People were kicked and beaten.  Men were shot when they ran in fear.  Women were raped.  One morning, a massacre by American soldiers wiped out 21 fellow villagers.  This was the Vietnam War for Pham To, as for so many rural Vietnamese. 

One, Two… Many Vietnams?

At the beginning of the Iraq War, and for years after, reporters, pundits, veterans, politicians, and ordinary Americans asked whether the American debacle in Southeast Asia was being repeated.  Would it be “ another Vietnam”?  Would it become a “ quagmire”? 

The same held true for Afghanistan.  Years after 9/11, as that war, too, foundered, questions about whether it was “ Obama’s Vietnam” appeared ever more frequently.  In fact, by October 2009, a majority of Americans had come to believe it was “ turning into another Vietnam.”

In those years, “Vietnam” even proved a surprisingly two-sided analogy -- after, at least, generals began reading and citing revisionist texts about that war.  These claimed, despite all appearances, that the U.S. military had actually won in Vietnam (before the politicians, media, and antiwar movement gave the gains away).  The same winning formula, they insisted, could be used to triumph again.  And so, a failed solution from that failed war, counterinsurgency, or COIN, was trotted out as the military panacea for impending disaster. 

Debated comparisons between the two ongoing wars and the one that somehow never went away, came to litter newspapers, journals, magazines, and the Internet -- until David Petraeus, a top COINdinista general who had written his doctoral dissertation on the “lessons” of the Vietnam War, was called in to settle the matter by putting those lessons to work winning the other two.  In the end, of course, U.S. troops were booted out of Iraq, while the war in Afghanistan continues to this day as a dismally devolving stalemate, now wracked by “ green-on-blue” or “insider” attacks on U.S. forces, while the general himself returned to Washington as CIA director to run covert wars in Pakistan and Yemen before retiring in disgrace following a sex scandal. 

Still, for all the ink about the “ Vietnam analogy,” virtually none of the reporters, pundits, historians, generals, politicians, or other members of the chattering classes ever so much as mentioned the Vietnam War as Pham To knew it.  In that way, they managed to miss the one unfailing parallel between America’s wars in all three places: civilian suffering. 

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Critics Respond to Nikki Haley Joining Boeing’s Board

Former U.S. Ambassador to the United Nations Nikki Haley is expected to join the board of directors for weapons systems and aircraft maker Boeing...

No One Trusts the US Government

By Paul Craig Roberts PaulCraigRoberts.org February 26, 2019 ...

Time For Socialist History Month?

It’s that time of year again—when we’re encouraged to celebrate Black history, and soon it will be Women’s History Month—the time when people like...

Max Blumenthal Proves Western Media

By Paul Craig Roberts PaulCraigRoberts.org February 23, 2019 ...

050 Illinois/NJ minimum wage – World Socialist Web Site

<!-- --050 Illinois/NJ minimum wage - World Socialist Web Site

Microsoft staff protest over Pentagon contract for augmented reality tech ‘designed to kill people’...

Dozens of Microsoft employees have demanded the company pull out of a contract with the US...

When Saudi Arabia Gets the Bomb

Official White House Photo by Shealah Craighead On Tuesday, the House Oversight and Reform Committee revealed that, based on the testimony of “multiple” whistleblowers, the...

An Analysis of U.S. Media Discourse

Photograph by Mahmoud Bali (VOA) – US-backed Forces Press Deeper Into Southern Raqqa City President Donald Trump’s announced withdrawal of 2,000 U.S. combat troops from...

Credit Exhaustion – LewRockwell

The Most Dangerous Weapon Ever Rolls Off the Nuclear Assembly Line – Consortiumnews

An era-shaping threshold is being crossed at a weapons plant in the high plains country of the Texas Panhandle, writes James...

‘The View’ host under fire for blackface costume (VIDEO) — RT USA News

A clip from ABC's popular chat show ‘The View’ has resurfaced amid the ongoing media uproar...

As Abbas Ages, Fatah Moves to Consolidate Power

Five years after spearheading what is inaptly referred to as a ‘government of national reconciliation’, Palestinian Prime Minister, Rami Hamdallah, has finally resigned. “We put our...

Chinonye Chukwu’s Film “Clemency” Examines the Death Penalty

As the state of Texas this week carried out the nation’s first execution of the year, we look at Clemency, a new film starring...

Media Rally Around ‘Forever War’ in Afghanistan

by Gunar Olsen The New York Times (1/29/18) changed its headline to avoid the implication that ending an occupation after 17 years was a “quick...

‘When You Take Healthcare Away From People, People Die’ – CounterSpin interview with Rebecca...

Janine Jackson interviewed Rebecca Vallas about Trump’s attack on Medicaid for the January 18, 2019, episode of CounterSpin. This is a lightly edited transcript. ...

No-deal cannot be govt. policy

Sixty Years of the Cuban Revolution

Photo by Nathaniel St. Clair We are urged to resist Trump’s lies: the lies of US capitalism. But there are lies about those lies that are...

Google and Facebook broke company records for US government lobbying in 2018 — RT...

Facing increased public scrutiny, Google and Facebook spent record amounts of money lobbying the US government...

‘Doing Putin’s work’? Kamala Harris fans already claim her Twitter critics are agents of...

California Senator Kamala Harris, who announced her 2020 bid for the presidency on Monday, was instantly...

Build the wall, porn will pay for it? Arizona senator proposes bizarre new bill...

As the longest government shutdown in US history continues, lawmakers are desperately seeking solutions to the...

Facebook may face a record fine over privacy lapses – reports — RT USA...

US authorities are reportedly considering imposing a record-setting fine against Facebook after the data of tens...

Trump’s Biggest Lie?

Eric Zuesse, originally posted at strategic-culture.org INTRODUCTION (NOTE: Remarks from U.S. President Donald Trump that will be considered as representing possibly his biggest lie will here...

Macron rules out more EU concessions to UK after Brexit deal crashes in parliament...

French President Emmanuel Macron has said that the EU has "reached the maximum" of what...

The Secret Logistics of America’s Global Deep State

Eric Zuesse, originally posted at strategic-culture.org Why is America’s Baghdad Embassy the world’s largest embassy — and the largest by far? "It's as if the U.S....

British Museum made glaring mistake for years — RT UK News

While typically only the best and brightest minds can land a job at the world’s...

Yellow-Vest Women Stake Their Claim to the Movement – Consortiumnews

Hundreds of women gathered in Paris to confirm their commitment to the populist movement and women’s place in the country’s...

A Tough Time to Be a Spy, NPR Reports – Current and former CIA...

by Belén Fernández NPR (1/3/19) reports on the CIA finding it harder to sneak into other countries to commit espionage. Imagine, for a moment, that a prominent...

Chomsky’s Unearned Prestige

Eric Zuesse, originally posted at strategic-culture.org A large part of Noam Chomsky’s public image as an intellectual is derived not from his role in the...

MH17 TURNABOUT: Ukraine’s Guilt Now PROVEN

Ukraine Downed MH17 Malaysian Airliner in 2014. Conclusive Evidence Suppressed by Western Media. Blatant Misrepresentations in Sanctions on Russia. Eric Zuesse, originally posted at strategic-culture.org Finally, a clear...

New York City skyline flickers neon blue after transformer explosion (PHOTOS, VIDEOS) — RT...

An apparent transformer explosion at the Consolidated Edison energy company has lit up the skies over...

Following US lead? Gavin Williamson expresses ‘deep concerns’ about Huawei assisting on 5G network...

In the latest sign of rising UK-Chinese tensions, Gavin Williamson spoke of his “deep concerns...

Bolsonaro’s Brazil: Chicago Boy-style Neoliberalism

On January 1, 2019, Jair Bolsonaro will begin his four-year term as Brazil’s president. Everyone expects his government to follow a neoliberal path. The...

Who Was Secretly Behind America’s Invading and Occupying Syria?

Eric Zuesse, originally posted at strategic-culture.org The invasion and occupation of Syria by tens of thousands of jihadists who were recruited from around the world...

What School Lunches Have to Do With Fixing Wealth Inequality

Once a year, Russell Farms in Brackney, Pennsylvania, hosts a harvest celebration, where students from nearby Tioga Central School District in New York state...

Congressman calls for Zuckerberg to step down as Facebook CEO amid new privacy breach...

Facebook CEO Mark Zuckerberg should “log out” over an “unprecedented level of negligence,” a US congressman...

Which Nations Are State Sponsors of Terrorism?

Eric Zuesse, originally posted at strategic-culture.org On 30 December 2009, U.S. Secretary of State Hillary Clinton sent a cable (subsequently released to the public by WikiLeaks)...

150+ companies thrived on Facebook user data under secretive ‘partnership’ deals – reports —...

Adding to a growing backlash against Facebook, a New York Times report detailed how the social...

Slate’s Readers May Be Liberal, but Its Labor Politics Are Kochian

  Slate legal writers called the outlet’s “right-to-work” stance “anathema to the values that drew us to Slate in the first place” (Bloomberg, 12/11/18). While successful...

Pentagon ready to ‘admit problem’ of rampant Special Forces crimes – report — RT...

After a string of horrific PR disasters saw elite US soldiers arrested for drugs, abuse, rape...

Police Drones Expand as Media Shrink

The New York Post (12/4/18)assures us that cops promise not to use drones for “unlawful surveillance.” Police drones are expanding, but are the media asking...

Turmoil on Wall Street continues

  ...

Rebranding Bundy

Photo Source Blaine Cooper | CC BY 2.0 Recent efforts to burnish the image of members of the Bundy Public Land Grab clan bear close...

Excessive screen time irreversibly affects kids’ brains, study finds — RT USA News

Parents’ worst suspicions about the effects of too much screen time on their offspring have been...

Excessive screen time irreversibly affects kids’ brains, study finds — RT USA News

Parents’ worst suspicions about the effects of too much screen time on their offspring have been...

The U.S. Government’s Plan Is to Conquer Russia by a Surprise Invasion

Eric Zuesse, originally posted on the Saker blog The following combination of articles explains — and they link to conclusive evidence proving — that the...

Facebook adopts bizarre new anti-sex speech code in secret — RT USA News

Facebook has opted to purge its platform of all sex-related content with a new policy banning...

Factcheck False Equivalence – WaPo rates Ocasio-Cortez's misconstrued Pentagon study as bad as Trump's...

  In an era when the president of the United States is an inveterate, habitual, daily liar, about all things great and small, and especially...

‘Bringing Satan to Springfield!’ Satanic Christmas monument erected in Illinois statehouse — RT USA...

Amidst the Christmas trees and Hanukkah menorahs, the Illinois Capitol is decked out with an unusual...

Julian Assange: Could 50,000 People Provide a Human Corridor?

New Zealand citizen journalist Suzi Dawson, herself a whistleblower who has taken political asylum in Russia to avoid persecution by the New Zealand government,...

Why Don’t Detroit Public Schools Have Safe Drinking Water?

First it was Flint, and now it’s Detroit. The public schools in Flint, Michigan, may now have safe drinking water, but the faucets have...

Documenting Israel To Be a Fascist Nation

Eric Zuesse —— https://archive.org/details/AlbertEinsteinLetterToTheNewYorkTimes.December41948 and https://ia801400.us.archive.org/17/items/AlbertEinsteinLetterToTheNewYorkTimes.December41948/Einstein_Letter_NYT_4_Dec_1948.pdf Albert Einstein Letter to The New York Times. December 4, 1948 TO THE EDITORS OF NEW YORK TIMES: “New Palestine Party. Visit...

1.5 million UK households aim to run entire home using smart devices ‘in next...

Almost 1.5 million UK households aim to control their home using high tech gadgets, with...

Congressionally Mandated New Report Urges Massive U.S. Military Increases

Eric Zuesse, originally posted at strategic-culture.org The Commission on National Defense Strategy for the U.S. has just released to Congress its report "Providing for the...

All U.S. Gov’t. Accusations Against Russia’s Gov’t. Are Lies

By Eric Zuesse (originally posted at The Saker, and now submitted free of charge for republication, by the author, to all English-language news-media, and...

The World Order that’s Now Emerging

Eric Zuesse, originally posted at strategic-culture.org The Post-World-War-II world order was dominated by the one WW II major combatant that had only 0.32% of its...

Facebook Aids Authoritarians Like the Philippines’ Duterte

As Philippines President Rodrigo Duterte amps up his attacks on the free press, we speak with renowned Filipino journalist Maria Ressa about Duterte’s deadly...

New York Taxpayers Fund World Biggest Sex-Toy Retailer

Photo Source James N. Mattis | CC BY 2.0 When was the last time you bought a vibrator, lubricant or specialty outfit? For decades, shoppers for...

Sensitive Trump says he won’t listen to audio record of Khashoggi killing — RT...

Donald Trump said he has no desire to listen to an audio allegedly depicting the murder...

Sensitive Trump says he won’t listen to audio record of Khashoggi killing — RT...

Donald Trump said he has no desire to listen to an audio allegedly depicting the murder...

Sensitive Trump says he won’t listen to audio record of Khashoggi killing — RT...

Donald Trump said he has no desire to listen to an audio allegedly depicting the murder...

How George W. Bush Corrupted America’s ‘News’-Reporting

Eric Zuesse, originally posted at strategic-culture.org In order to understand today’s demonization of Vladimir Putin, one must go back to U.S. President George W. Bush’s...

‘In-house fake news shop’ – Facebook facing new scandal and losing friends — RT...

A new report has exposed glaring hypocrisy in Facebook’s attitude to fake news. Can CEO Mark...

Trump Quietly Orders Elimination of Assange

Eric Zuesse On June 28th, the Washington Examiner headlined "Pence pressed Ecuadorian president on country's protection of Julian Assange” and reported that “Vice President Mike...

Who, Us? Corporate Media Ignore Their Role in Trump’s Refugee ‘Invasion’ Panic

  Joshua Holland (The Nation, 10/26/18): “Trump floods the zone with bullshit, they dutifully convey it, and we end up swimming in it.”If the establishment...

Facebook hired PR firm to label its critics ‘agents of Soros’ — RT US...

In a bid to counteract negative publicity, social media giant Facebook hired a PR agency to...

PHOTOS show burned iPhone ‘after OS update’ — RT US News

An iPhone X was left melted, charred and cracked after it reportedly exploded following an operating...

Chicago PlayStation users furious at new city fee — RT US News

PlayStation 4 users in the Windy City now have to fork out a nine-percent tax for...

Fictitious Assets, Hidden Losses and the Collapse of MDM Bank

Photo Source MAXmyd | CC BY 2.0 Off Balance Sheet Shenanigans in the Irish Financial Services Centre  Introduction In November 2016, two of Russia’s largest banks MDM...

Outrage at govt. advisor’s date rape comments sees right-wing come to his defense —...

Calls to sack philosopher Sir Roger Scruton, from an unpaid government role, have grown after...

Russia & China Invest in Infrastructure; U.S. Instead Spends on Military.

Eric Zuesse, originally posted at strategic-culture.org China’s “Belt and Road Initiative” is famous as an extension of their domestic infrastructure investments, but Russia is also...

Forced Classification, Biological Determinism, and Sad Chapters From Our Nation’s History

October was LGBTQ History Month, a moment to reflect upon the history of the LGBTQ movement, but also how it interacts with our nation’s...

The Occasional Stupidity of Hope and How, Again, to Learn From Cuba

Photo Source DieselDemon | CC BY 2.0 The occasional stupidity of hope and how, again, to learn from Cuba Hope is pervasive in the North. We...

Jeff Bezos lost record-breaking $19.2 billion of personal wealth in 2 days — RT...

Amazon billionaire Jeff Bezos lost a record-breaking $19.2 billion of his personal wealth over the past...

Bakery blasted for selling ‘Gingerbread persons’ — RT UK News

In yet another tedious example of modern ‘outrage culture,’ a bakery has come under fire...

OPINION: CBS’s & NPR’s Rabidly False ‘News’ About the Khashoggi Case

Eric Zuesse CBS It’s a lie to say, as CBS ‘News’ did on October 24th, that Saudi Crown Prince Salman couldn’t have done what Turkey says...

Buy Huawei! China mocks claim they eavesdrop on Trump’s iPhone — RT US News

After a claim that Donald Trump’s aides fear that Russia and China may be eavesdropping on...

The Earthquake in International Alliances

• Author’s Note: (Update about the Khashoggi case, posted at end.) America’s international alliances are transforming in fundamental ways. The likelihood of World War III...

The Earthquake in International Alliances

• Author’s Note: (Update about the Khashoggi case, posted at end.) America’s international alliances are transforming in fundamental ways. The likelihood of World War III...

Neoliberalism in the Age of Pedagogical Terrorism

Photo by Nathaniel St. Clair Marx was certainly right in arguing that the point is not to understand the world but to change it, but...

The Earthquake in International Alliances

Eric Zuesse, originally posted at strategic-culture.org (UPDATE about the Khashoggi case, posted at end.) America’s international alliances are transforming in fundamental ways. The likelihood of World...

Rehabilitation of Abandoned Mines in Australia Offers Lessons for the World

The 1986 Australian film Crocodile Dundee brought global fame to its leading man Paul Hogan, but the real star of the show was the...

Kristen Bell slams THAT Snow White kiss… and the internet fires back — RT...

Disney princess Kristen Bell has taken aim at Snow White, questioning the iconic fairytale’s messages about...

Boycott Facebook, Twitter, and Google. Here’s Why:

Eric Zuesse, originally posted at strategic-culture.org NATO — the neoconservatives, the marketeers for firms such as Lockheed Martin and BAE — has taken over the...

Can U.S.-North Korea Diplomacy Survive Maximum Pressure?

Photo Source Cheongwadae / Blue House | CC BY 2.0 South Korean President Moon Jae-in’s meeting with North Korean Chairman Kim Jong-un on September 18-20...

Syria’s Chessboard

Photo Source Freedom House | CC BY 2.0 The Syrian civil war has always been devilishly complex, with multiple actors following different scripts, but in...

Trump Is Just One Player in a Much, Much Larger Tax Story

When New York Times reporters David Barstow, Susanne Craig, and Russ Buettner published their exhaustive, gazillion-word expose on the Trump family tax practices last...

The Online Censors

Facebook closed down 559 pages and 251 personal accounts on Thursday. Sputnik takes a look at the omnipotent website’s long track record of censorship. Facebook said...

Did U.S. and Its Allies Commit War Crime by Bombing Syria on April 14th?

Eric Zuesse, originally posted at strategic-culture.org INTRODUCTION Bombardment (or other military invasion) of a country that has not invaded nor threatened to invade the attacking country(s)...

What We Didn’t Want to Know About Africa

Photo Source NDU Audio Visual | CC BY 2.0 The symbol of First Lady remains important to the American propaganda machine. She not only smiles...

Kanye’s iPhone passcode revealed during Trump White House meeting (VIDEO) — RT US News

The revelation that Kanye West has the worst possible iPhone passcode shouldn’t be the standout takeaway...

‘Nobody Should Be Trusted With That Level of Power’

Janine Jackson interviewed Neil deMause about Amazon and the Village Voice for the October 5, 2018, episode of CounterSpin. This is a lightly edited...

Amazon’s $15 an Hour Minimum Wage and the Federal Reserve Board

Last week Amazon announced that it would impose a $15 an hour minimum wage for its workforce, including those hired through staffing agencies. This...

After the Confirmation of Kavanaugh, Women Will Continue to Resist

Thousands of women protested outside the US Capitol and across the country on Saturday as Brett Kavanaugh was sworn in as an associate justice...

20 people killed in car crash involving limo in upstate New York — RT...

Twenty people have been confirmed killed by state police after a speeding limousine crashed into pedestrians...

Journalist explains why US doesn’t need hackers to control the world, and it’s hard...

'Russian hackers' have become the go-to bogeymen for Washington. There's little mention of American hackers though...

Journalist explains why US doesn’t need hackers to control the world, and it’s hard...

'Russian hackers' have become the go-to bogeymen for Washington. There's little mention of American hackers though...

Fool’s Errand EPUB Now Available

The electronic version of my book is now available on Barnes and Noble, Apple Books (no link, but it’s there on...

Twitter in disbelief after Trump calls out China for election meddling, ‘ignoring Russia’ —...

In a speech to the United Nations Security Council, President Trump blamed China for meddling in...

Turkey Now Controls Syria’s Jihadists

Eric Zuesse, originally posted at strategic-culture.org Because of the U.S. Government’s repeated threats to start World War III against Russia on Syrian territory if Russia...

Putin-Nazi Paranoia | Dissident Voice

by C. J. Hopkins / September 24th, 2018 They’re out there. Trump-loving, Assad-apologist, Putin-Nazi sleeper agents, posing as regular normal Americans. They could be anyone....

Russia’s Economy Little Harmed by West’s Sanctions

Eric Zuesse, originally posted at strategic-culture.org Despite Barack Obama’s economic sanctions against Russia, and the plunge in oil prices that King Saud agreed to with Obama’s...

Does the U.S. Have the Ingredients to Win a Trade War?

Contrary to what President Trump thinks, trade wars are neither good, nor easy to win. But ultimately, as in any war, there are winners...

They Think It Would Be Fun to Run a Newspaper

New Time owner Marc Benioff (cc photo: Fortune Global Forum) The announcement that Time magazine would be bought by software CEO Marc Benioff highlighted the...

Google admits it lets hundreds of third party apps read your emails — RT...

Omnipresent tech giant Google told US senators that it lets third-party apps read data from Gmail...

Trump’s new cyber strategy seeks global dominion over internet — RT US News

Setting the global standard for online behavior, preserving American dominance, political and economic interests, punishing ‘malicious...

How the U.N. Joined America’s War Against Syria

Eric Zuesse America has been at war to transfer control of Syria over to the Saud family, who own Saudi Arabia; and America has been...

Brookings Institution a Leading Propagandist for U.S. Invasions

Eric Zuesse On September 17th, the neoconservative-neoliberal Brookings institution held a propaganda-event to pump increased sales of weapons by U.S. weapons-manufacturing firms. The event’s main...

U.S. — A ‘Democracy’ Where ‘Both’ Sides Represent the Aristocracy

Eric Zuesse The most comprehensive scientific study ever done of the subject has shown that America is ruled only by its few richest, not by...

Is psychopathy needed to reach the top in America?

Eric Zuesse Brett Kavanaugh’s appointment to the U.S. Supreme Court is just another tip being displayed of America’s top-level-psychopathy iceberg. On September 16th, the Washington Post...

Mainstream media gangs up on Sanders over ‘Stop BEZOS’ bill — RT US News

Senator Bernie Sanders’ anti-corporate welfare bill aims to hammer the companies that pay their workers so...

‘When Governments Fail to Take Action, They Step In’

Janine Jackson interviewed Jamil Dakwar on the International Criminal Court for the September 14, 2018, episode of CounterSpin. This is a lightly edited transcript. ...

Senate passes anti-opioid bill as overdoses ravage America — RT US News

The Senate has passed a bill aimed at combating the influx of synthetic opioids into the...

Britain: the Anti-Semitism Debate

Photo Source DAVID HOLT | CC BY 2.0 Does the British Labour Party and its leader, Jeremy Corbyn, have an “anti-Semitism problem,” or has the...

Myth of a Nation – LewRockwell

By Lewis Liberman Abbeville Institute September 15, 2018 ...

A Celebrity Salesman for the Military-Industrial-Complex

Photo Source Tricia McKinney | CC BY 2.0 The idea for this article came from one of those annoying “Recommended for you” thumbnails on YouTube....

‘Maverick’ Media Use McCain Funeral to Shore Up US Imperialism

The Washington Post (9/1/18) reported on the McCain funeral as a “united defense of the Washington institutions that have been a cornerstone of American...

Petroleum Junkies of the World, Unite!

Photo Source Fibonacci Blue | CC BY 2.0 I’m a fossil fuel junkie. I drive a car and use electricity. My computer, TV, telephone, refrigerator,...

Bernie Sanders proposes ‘Stop BEZOS’ bill to end corporate welfare, boost wages — RT...

Vermont Democratic Senator Bernie Sanders has unveiled his new ‘Stop BEZOS’ Act, a pointed jab at...

Censorship or battle against hate & abuse? Infowars Twitter ban fuels free speech debate...

Twitter’s move to ban controversial political commentator Alex Jones from the platform has been cheered by...

Twitter permanently bans Alex Jones and Infowars for ‘abusive behavior’ — RT US News

Twitter has announced that it is permanently banning Alex Jones and Infowars from Twitter and Periscope...

What the Media Isn’t Telling You

Photo Source Tyler Merbler | CC BY 2.0 Google is in the news (again) for creepy surveillance practices.  Google, AP reported, is tracking your physical...
video

Video: As Amazon Hits $1T in Value, Its Warehouse Workers Denounce “Slavery” Conditions

https://democracynow.org - Amazon made headlines Tuesday when it became the second American company, after Apple, to reach $1 trillion in value. Amazon's ... Via Youtube

Trump says ‘no political necessity’ to keep Canada in new NAFTA deal — RT...

Donald Trump said there is “no political necessity” to keep Canada in the NAFTA agreement if...

Russia Squelches Trump’s New Plan to Invade Syria

Eric Zuesse On Friday, August 31st, Russian Foreign Minister Sergei Lavrov announced that Russia has handed to the OPCW (Organization for Prohibition of Chemical Weapons),...

A “Sudden Bout of Atypical Decency”?

Social Media Giants, “Free Speech,” and the Control of Information (Part 1 of a 2-Part Series) Recently, there has been much talk about “free speech”...

Zimbabwe on the Path to Neoliberal Ruin

Photo Source abi.bhattachan | CC BY 2.0 With the defeat of the court challenge by the opposition Movement for Democratic Change (MDC), the election has...

One Dead McCain, 2.5 Million Dead Iraqis

The grossest thing in American society is the reactionary sentimentality that fill our gossip infected hearts with a chemical reaction every time one of...

A Cynic’s Guide to John Brennan and William McRaven

Photograph Source White House/David Lienemann | CC BY 2.0 John Brennan is a thorn digging deep into President Donald Trump’s hide.  Even before Trump’s inauguration,...

Did CIA’s Kremlin sources ‘go quiet’ or is NYT seeking excuses for lack of...

US intelligence is ‘in the dark’ about Russian intentions towards the November midterm elections, the New...

‘The Locks They Put on DVDs Now Are in Tractors’

Janine Jackson re-aired an interview with Kyle Wiens about the right to repair for the August 17, 2018, episode of CounterSpin. It originally aired...

The No Fly License – LewRockwell

The Orwellian spin cycle is picking up speed. From “parking services” – i.e., the government worker who puts parking tickets under your car’s windshield wiper – to the...

That Facebook Will Turn to Censoring the Left Isn’t a Worry—It’s a Reality

On August 6, a number of giant online media companies, including Facebook, YouTube, Apple, Spotify and Pinterest, took the seemingly coordinated decision to remove...

First They Came for Alex Jones

Ahead of New Legislation, Warren Documents Endless List of Trumpian Corruption

Ahead of introducing new legislation on Tuesday morning she says is designed to address the sinister problem eating away at the nation's democratic promise,...

A Junk Solution to a Real Problem

After failing to overturn most of the Affordable Care Act in a very public fight, President Donald Trump has been steadily working behind the...

Trump Crossing the Black Chasm

Neocons hate Russia even more than they hate any other nation.

Eric Zuesse, originally posted at strategic-culture.org Neoconservatism started in 1953 with Henry “Scoop” Jackson, the Democratic Party U.S. Senator from the state of Washington (1953-1983),...

Making Sense of the Chaotic West Virginia Supreme Court Impeachment

For the second time this year, a state legislature is contemplating the impeachment of an entire state supreme court: The West Virginia Supreme Court...

The Alex Jones Ban – LewRockwell

Facebook ‘censors’ conservative education page, says it was a mistake, but few are convinced...

Facebook says it had mistakenly deleted videos and limited the reach of US conservative educational organization...

Over Half a Million Dollars From Trump-Related Donors has Flowed to Andrew Cuomo

Donald Trump and Andrew Cuomo go way back. They have both been big players on the New York political scene for years and it’s...

McCain death tweet gets anti-imperialist Aussie journalist banned from Twitter — RT US News

Australian anti-war journalist Caitlin Johnstone was suspended from Twitter for several hours after a tweet blasting...

All sanctions against Russia are based on lies.

Eric Zuesse, originally posted at strategic-culture.org All of the sanctions (economic, diplomatic, and otherwise) against Russia are based on clearly demonstrable intentional falsehoods; and the...

Facebook removes pro-Palestinian Occupy London page — RT UK News

A Facebook page containing pro-Palestinian posts has been taken down by the social media giant....

Alex Jones’ flagship radio station shut down by Federal Communications Commission — RT US...

The US communications regulator has shut down Alex Jones’ flagship radio station and slapped it with...

Alex Jones suspended from Twitter after tweet calling to end censorship — RT US...

Controversial right-wing commentator Alex Jones has been banned from tweeting after he posted a link to...

America’s Militarized Economy

Eric Zuesse, originally posted at Unz Review Donald Trump’s biggest success, thus far into his Presidency, has been his sale of $400 billion (originally $350...

‘The Vast Majority of Tipped Workers in America Suffer from Three Times the Poverty...

Janine Jackson interviewed Saru Jayaraman about tipped worker rights for the August 10 episode of CounterSpin. This is a lightly edited transcript. ...

Is There Enough of America Left

Notes From a Russian American

I had just finished exercising and went to the sauna. The gym I go to is a modern facility with new equipment and is very popular in our city. My favorite parts are the sauna...

Am I More Nordic Than Members of the Alt Right?

In order to obtain my genetic history earlier this year, I sent a sample of saliva to a DNA outfit and received the results....

Why Trump Cancelled the Iran Deal

Eric Zuesse, originally posted at strategic-culture.org The following is entirely from open online sources that I have been finding to be trustworthy on these matters...

In A Corporatist System Of Government, Corporate Censorship Is State Censorship – Consortiumnews

In a corporatist system of government, wherein there is no meaningful separation between corporate power and state power, corporate censorship is state...

Banning Alex Jones and Infowars

He is treated as the bogeyman of conspiracy entertainment, and Alex Jones has become a prominent figure for advancing a host of unsavoury views....