Category: Digital Business


The Dow Jones closed for the first time ever more than 27,000.

The S&P 500 recorded a record close exceeding 3,000.

The NASDAQ passed 8,000 and has been in and out of record territory.

America’s economy has been growing for 121 months, and the bull market is advancing at a record pace.

The combination of rising markets, nearly 3 percent annualized GDP growth, record low unemployment of 3.7 percent, inflation under 2 percent and interest rates set to decline under 2.25 percent will not last forever … but these factors are here right now.

Three years ago, Gallup projected that 52 percent of Americans own stocks and stock-based mutual funds. That 2016 figure preceded the election of Donald Trump and the corresponding rises in the Dow, S&P 500 and the NASDAQ.

Gallup also recorded that 37 percent of younger Americans under 35 are invested, reflecting overall cautiousness by millennials.

Earth to critics of Capitalism/advocates of Socialism: America’s investor class is not 1 percent, but more than half of all Americans (e.g., 170 million).

Almost DailyBrett is convinced these investor class market participation figures are low, reflecting the residual impact of the 2008 recession. They do not take into account our robust economic expansion, record low unemployment and un pequeno inflation.

In 2007, 65 percent of Americans invested in stocks and stock-based mutual funds. Your author will take the “over” that market participation number has now reached 60 percent, and continues to climb.

Whether they are active or passive investors, these Americans constitute a high-propensity-to-vote investor class. They vote on America’s future (and their own) through their investments mainly of U.S. based large caps.

Will America’s investor class, those who own stocks and/or stock-based mutual funds decide a continued or new direction of the nation?

Some poor souls seem to correlate America’s investors with a Monaco-sized sliver of our population. Woe is to those who do not invest.

Socialism and its media allies assert that those with greater discretionary funds are more prone to invest in markets. Why do they believe this undeniable fact is a revelation?

While some prefer to make a racket protesting before the cameras in the streets, others … millions of others … are quietly investing in living longer, their health care, their children’s education and their happy retirement.

As they say on the airlines: “Put on your own mask, before assisting others.” These Americans with discretionary income have the ability to contribute to charities and donate resources to make America a better place.

With every key stroke on a retail trading site (e.g., Charles Schwab, TD Ameritrade, eTrade) or making another contribution to their personal IRA or their 401K at work, these hard-working Americans are quietly making a stand.

They proudly believe in buying low and selling high. They have the economic freedom to earn a profit.

They are economic freedom loving individuals taking direct control of their futures.

Almost DailyBrett wonders why these good decent hardworking overachievers are being vilified simply by putting their hard-earned, already taxed discretionary dollars to work.

America’s Investor Class is the Salt of the Earth and the Backbone of America, if you don’t mind a few metaphors.

Defending Economic Freedom

Why is “profit” such a dirty word to so many?

Doesn’t profit or bottom line mean a business … can stay in business?

Don’t jobs, opportunities, security and yes, tax revenues, alight from successful enterprises?

And yet Almost DailyBrett is becoming increasingly troubled by the onslaught against America’s investor class, and the war on economic freedom.

As we continue into the “silly season” of American politics, we hear proposals to raise tax rates to 70 percent or more, impose a 2 percent “surcharge” on assets, introduce a 0.1 percent tax on each and every stock, mutual fund and bond trade.

There are those who want to eliminate private health insurance for 180 million, provide taxpayer health care for illegal aliens, introduce an 18 percent Value Added Tax (VAT) to fund Universal Basic Income (UBI) for those who want to play video games all day.

Heaven forbid, but these silly season proposals could become the laws of the land. The more capital that is redistributed by a predatory government is less money for America’s Dreamers, the Investor Class.

Some complain about income inequality, when 73 percent of college graduates (B.A. or above) and 83 percent of advanced degree recipients (M.A., M.S., Ph.D) invest in markets. One can make a compelling argument that education leads to a separation between the haves and have nots of discretionary income and thus, the investor class.

Should we shut off access to education to achieve social justice? Or should we teach students to understand and intelligently invest in markets?

Almost DailyBrett believes we should adopt policies to expand America’s Investor Class and defend Economic Freedom.

The nearly 170 million members of America’s Investor Class are high propensity. They will vote in 2020.

Wonder which party and candidates will earn their votes?

https://news.gallup.com/topic/stocks.aspx

https://news.gallup.com/poll/233699/young-americans-wary-investing-stocks.aspx

https://www.financialsamurai.com/what-percent-of-americans-own-stocks/

https://almostdailybrett.wordpress.com/2019/03/10/my-congressman-wants-to-double-tax-our-retirement/

https://www.foxnews.com/opinion/newt-gingrich-trump-democrats-pelosi-mcgovern

 

 

 

Nike Becomes First Corporation To Secede From The Union

Company Calls For Nike Athletes To Not Salute American Flag, Sing National Anthem

BEAVERSTON, OR – July 4, 2019 – Fresh off its historic decision to suspend sales of Betsy Ross inspired Colonial American flag shoes, Nike today announced the world’s leading athletic apparel company has seceded from the United States of America.

Starting today, the company will only fly the Nike “Swoosh” at its corporate campus in the Portland metropolitan area.

In addition, Nike (NYSE: NKE) called upon all major sports leagues, including the NFL, NBA, MLB, and FIFA, to immediately cease the display of the American flag and the playing of the “Star Spangled Banner” at all sporting venues in which Nike athletes compete.

The company also encouraged its sponsored athletes to refrain from any gesture or action, which constitutes approval or respect for the red, white and blue symbols of repression, injustice and the culture of toxic masculinity.

Nike said it was making its July 4 independence declaration on behalf of its employees, shareholders, suppliers, distributors, but most of all its athletes, starting with the U.S. Women’s National Team (USWNT) competing this coming Sunday July 7 against The Netherlands at the World Cup final in Lyon, France.

“We have designed a special kit for our soccer gals that drops any-and-all colors and logos associated with the United States of America to instead only include the iconic Nike “swoosh,” said Nike Chief Executive Officer Mark Parker. “Instead of red, white and blue, the Nike Women’s National Team (NWNT) will ‘Just Do It’ in specially designed sport jerseys, which are the same color as Megan Rapinoe’s hair.”

Nike’s eminently qualified empirical historian who sacrificed everything, Colin Kaepernick, recommended the company immediately pull from all store shelves the offensive American flag  shoes with their 13 stars and stripes weaved in 1776 by Betsy Ross. Kaepernick lectured Nike complicit management the flag was directly associated with all things wrong — past and present — about America.

Parker said management unanimously implemented this request, but also wanted to do more, much more. The company CEO said the Board of Directors determined that Nike athletes should no longer be compelled to stand at attention before the American flag or be forced to sing the national anthem.

“The best way to solve this problem was for Nike to strongly request to all sports governing bodies refrain from displaying so-called ‘Old Glory’ and playing the overrated “Star Spangled Banner,” said Parker. “We also decided to undertake the boldest patriotic step ever contemplated by any publicly traded company: We have declared our independence from the United States of America.”

Similar to Vatican City within the outer confines of Rome or Monaco enveloped by neighboring France, the company’s Beaverston campus surrounded by the United States of America will be the home of the world’s first ever corporate nation: Nike. The “Benjamin” will continue to serve as Nike’s official currency.

The Stars and Stripes will be lowered at dusk for the last time today, July 4.

Long will fly the “Swoosh” flag over the Nation of Nike.

God Bless Nike!

About NIKE, Inc.

NIKE, Inc., based near Beaverston, Oregon, is the world’s leading designer, marketer and distributor of politically correct athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. The Nation of NIKE, Inc. subsidiary brands include Nation of Converse, which designs, markets and distributes athletic lifestyle footwear, apparel and accessories; and Nation of Hurley, which designs, markets and distributes surf and youth lifestyle footwear, apparel and accessories. For more information about NIKE, Inc.’s declaration of independence and its decision to never again fly the American flag on the campus of its new country, please visit http://kaepernick.nike.com. Non-Americans can also visit http://news.nike.com and follow @NIKE.

https://www.gq.com/story/nike-betsy-ross-shoe-colin-kaepernick

https://www.cbsnews.com/news/nike-reportedly-pulls-betsy-ross-flag-shoes-over-concerns-from-colin-kaepernick-reports-today-2019-07-01/

https://www.washingtontimes.com/news/2019/jul/4/editorial-nike-disrespects-betsy-ross/

https://www.washingtonpost.com/opinions/act-four/when-racists-try-to-poison-our-national-symbols-we-shouldnt-just-surrender/2019/07/03/926a225e-9dcc-11e9-b27f-ed2942f73d70_story.html?utm_term=.c4063e96def0

This Independence Day, Nike Appeases America Haters and Dictators

https://almostdailybrett.wordpress.com/2018/09/04/nike-takes-a-knee/

https://almostdailybrett.wordpress.com/2018/09/25/culture-of-toxic-masculinity/

https://almostdailybrett.wordpress.com/2013/08/03/university-of-nike/

 

“It was pride that changed angels into devils; it is humility that makes men as angels.” – St. Augustine on one of “The Seven Deadly Sins”

How many hard-working women have become “mommies” without giving birth?

They have become mommies to way-too-many men, who have literally accomplished absolutely nothing since their high-school graduations.

No one will label these women as gold diggers because they are prospecting in the wrong mine.

Almost DailyBrett has repeatedly come into contact with these underachieving men who only overachieve when it comes to blowing away tens, hundreds, thousands with their virtual assault weapons.

Wonder how many they “killed” today during their latest binge video game session? How can society keep these poor souls away from snacks, smokes, booze, drugs and especially … real weapons?

Oops, too late.

Many of these men are narcissistic. Some are hypochondriacs. Even more are depressed.

They become “stressed” at the prospect of real work. They require their “me” time.

Most of all, they need a “mommy.”

And who are their mommies? The women, who support them.

The women, who pay for their “dates.” The women, who care for them. The women, who work their derrieres off to put food on their tables.

Whatever happened to the sinful “proud” man?

Instead of humble angels or proud devils, they are … biding time in their own personal purgatory.

If Universal Basic Income (UBI) ever became the law of the land, these “men” would briefly become energized, standing first in line for their eternal hand-outs and demanding even more.

‘When will my check be deposited into my account?’ Original content and video games are expensive.

These “men” sleep, breathe, eat and excrete. Therefore, they are entitled as a human right to the fruits of the labor of others, including their co-habitation, “mommies.”

Pathetic. Truly pathetic.

How Did We Get Here?

There are no jobs for these males. They are stuck in a 2008 economic recession time warp. There are “Help Wanted” signs everywhere, but alas all of these jobs are beneath these underachievers.

Ahhh … 2008 was 11 years ago.

Almost DailyBrett has commented before on the research by the American Enterprise Institute (AEI), concluding that one-third of all employment age males (20-54 years-young) are voluntarily not working. The record 3.6 percent unemployment rate understates the nationwide labor shortage because these men are not counted in the workforce.

Their “mommies” are included since they are better equipped and suited for our digital service-oriented society. They have replaced parasitic men when it comes to bringing home the bacon.

Women have supplanted and surpassed men when it comes to university enrollments and participation in the labor force. There are still masculine enclaves (e.g., technology innovation and development), but ever more women are replacing men at once-before masculine workplaces (e.g., hardware stores).

Almost DailyBrett must ask, why do “mommies” put up with these loser men? More to the point, why don’t these men have more respect for themselves and yes … a little sinful pride?

Do we foresee a future in which the majority of men are not just overweight, but obese? Will we see them moving around in their motorized wheel chairs? Who is next at the kidney dialysis clinic? Will they be popping “just one more” happy pill (pain killer)?

The subject of “maternal instinct” is way above the pay grade of your author.

Is there such a thing as “mommy instinct” for men, who refuse to leave their high chairs?

http://www.deadlysins.com/pride

https://almostdailybrett.wordpress.com/2018/04/15/deadbeat-boyfriends/

https://almostdailybrett.wordpress.com/2019/02/12/unwilling-to-work/

“In the darkness, we found the light. Introducing a new era of electronic driving.” – Volkswagen’s new advertising campaign tagline

“Hello, darkness, my old friend; I’ve come to talk to you again …” – Paul Simon and Art Garfunkel’s, “The Sounds of Silence”

Is the best defense a good offense?

Is the most effective present-day defense utilizing a Baby Boomer anthem and harkening back to the 1960s with its brightly colored Volkswagen Beetles and (Hippie) Microvans?

After being rightfully bashed and bloodied starting in the autumn of 2015 for deploying defeat software to deceive anti-pollution testing of its vehicles (Volkswagen, Audi and Porsche), heads rightfully started to roll at Volkswagen AG corporate headquarters in Wolfsburg, Germany.

On the line with “Dieselgate” was Volkswagen’s brand, but also the reputation of Germany’s legendary designers and engineers. Consider, there is probably no nation on earth that prides itself more than Germany for its commitment to the environment (note the recent electoral successes of die Grünen).

The Volkswagen cheating scandal was akin to catching a falling knife. Using another well-worn metaphor, the shocking story has legs and has been running unabated for nearly four years.

The scandal started in September, 2015 when the U.S. EPA charged Volkswagen with using illegal (air quality testing) manipulation devices. A related Department of Justice (DOJ) investigation was launched. Volkswagen’s chief executive officer Martin Winterkorn was fired.

A continuous chorus of charges, fines, lawsuits, increased governmental regulation, falling stock prices and recalls mounted against Volkswagen and its Audi and Porsche subsidiaries. Last year, German authorities indicted Winterkorn on aggravated fraud charges.

Almost DailyBrett noted that Volkswagen did not follow to the letter the four basic tenets of Crisis Communications: Tell The Truth, Tell It All, Tell It Fast and Move On. In many ways Volkswagen management was just hoping this mess would simply subside.

Volkswagen management, employees, shareholders and even Kanzlerin Merkel and the German government had to confront the metaphorical Scheisse-Sandwich … you don’t nibble.

Back To The Drawing Board

At some point, the world’s largest automobile designer/manufacturer would have to go back on offense.

In doing so, Volkswagen realized it could not assume a business-as-usual approach.

Ultimately, Volkswagen appreciated that it has to acknowledge its wrongdoing, beg for forgiveness, and somehow, someway commence the hard work of rebranding … essentially moving on.

Volkswagen of America hired New York’s Johannes Leonardo advertising agency, and secured the rights to “The Sounds of Silence.”

The question posed to VW management: Can a major ad buy (part of a reported $2 billion campaign) for its 1:45 second spot featuring a Baby Boomer/Yuppie anthem make everything right in the world for Volkswagen?

In and of itself, the answer is obviously: no.

Almost DailyBrett has always believed that Volkswagen is engaged in a marathon, not a sprint. Volkswagen’s story, which began in 1937, deserves another chapter.

Americans are credited for being an understanding people. They will not forget, but are they willing to forgive and give … even a corporate entity … another chance?

The Johannes Leonardo creative, which debuted with the NBA Finals and the NHL’s Stanley Cup last week, is edgy as it literally starts in the darkness with a news announcer directly referencing the Volkswagen scandal.

One suspects that securing VW’s management approval for an open acknowledgement of moral failure was easier said than done. As Chairman Mao found out, the long-march back starts with the first step.

In our world of advertising bombast and overkill, it’s the extremely clever advertisement that stops the viewer in his or her tracks and commands attention.

The dark Sounds of Silence images convey going back to the drawing board. The result is the coming resurrection of the VW microvan … a concept vehicle for now … with the message the company’s environmentally friendly electric vehicle does not contribute to climate change. Volkswagen envisions 22 EVs (electric vehicles) by 2028, and becoming carbon neutral by 2050.

Volkswagen has stumbled for nearly four torturous years. The questions are with its new ad campaign and beyond: Has the company finally learned its lesson, and are we as consumers willing to forgive, while certainly not forgetting?

https://www.youtube.com/watch?v=qEvNL6oEr0U

https://www.fastcompany.com/90359361/volkswagen-aims-for-feel-good-redemption-in-new-major-ad-campaign

https://www.caranddriver.com/features/a27784322/vw-hello-light-commercial-column/

https://www.cleanenergywire.org/factsheets/dieselgate-timeline-germanys-car-emissions-fraud-scandal

https://www.nytimes.com/2019/04/15/business/winterkorn-volkswagen-emissions-scandal.html

https://www.forbes.com/sites/davidkiley5/2019/06/06/vw-goes-back-to-the-future-in-new-ad-campaign-to-put-dieselgate-in-rear-view/#1026a00d3aa5

https://www.vw.com/

http://johannesleonardo.com/

“Liberals believe America is not good enough for the world; conservatives believe the world is not good enough for America.” – Washington Post Columnist Charles Krauthammer

“I do think that America was born with a birth defect; it was slavery.” – Stanford Provost Condoleezza Rice

After losing two world wars and killing 6 million Jews during the Holocaust, Germany has been struggling from Zero Hour 1945 to the present with its horrendous history. The Germans have a special word for it – die Vergangenheitsbewältigung — or dealing with this past.

Does this 25-letter-jaw-breaking-compound-noun also apply to the nearly 250-year history of the United States of America?

After listening to so many Baby Boomer colleagues and friends complain about “this country” for years-and-years, who could blame Almost DailyBrett or any other American with a sense of patriotism for thinking that we have to deal with our past? The question is, how?

The sun never set on the British Empire and Britannia indeed ruled the waves. Look at the mess they left to dozens of these former colonies, and yet English is the world’s Lingua Franca. The scoresheet for the United Kingdom over the years is … mixed with a positive lean.

Have Americans ever been perfect? Are we perfect? Will we ever be perfect?

The responses to all three of these questions are the same, and obvious. The answers are, “no.”

Perfection is an impossible standard for any nation to achieve, including the USA.

Is the answer to these fallibilities – slavery, expulsion of Native Americans, Japanese internment camps – to truncate the teaching of American History? Is revisionist history to the downside inevitable?

There is an ongoing – and maybe never ending fight over whether and how Advanced Placement (AP U.S. History) should be taught, and more to the point: The level and extent of negative reinterpretation of American history.

For example, McGraw Hill stepped in deep doo doo when its history books described a migratory path of millions of “workers” from Africa. Err … they were slaves.

A related question has been raised among the 21+ would-be Democratic presidential nominees (i.e., Harris, Booker, Warren, Castro): Should we pay reparations (particularly slavery) to those who were wronged by America?

If so, where do we start? What precedent are we setting? More importantly where do we end? Can we end? Which descendants of those wronged should we pay? How much should we pay?

Should we apologize for being … Americans? Should we stop embracing any and all red, white and blue patriotism?

The Vietnam War Is Over; Get Over It

The helicopters took off from the roof of the U.S. Embassy in South Vietnam on April 30, 1975 or more than 44 years ago, if you are keeping score at home.

There are those who cannot or will not get this unfortunate period of American history out of their systems.

Almost DailyBrett has noted that way too many of these tortured Baby Boomer souls do not like their country, and take issue with America being labeled as an exceptional country.

They point to socialism in Denmark, Norway, Sweden – all monarchies – as “happy little countries,” suggesting America should do the same.

Some of these people actually teach at American universities and schools and harbor reservations (putting it mildly) about the positive side of American history. But wasn’t the first act in U.S. history a rebellion against authority, telling what England’s King George III what he could do with his royal scepter?

Didn’t America fight a bloody Civil War from 1861-1865 to eliminate slavery? Didn’t Abraham Lincoln’s 13th Amendment end slavery once and for all?

And wasn’t it America that played a monumental roll in terms of blood and treasure to end Nazi and Fascist tyranny in Europe and the Pacific?

The United States was the first and to this date the only country to put a man on the moon. It was America, which gave the world Silicon Valley and with its pioneering entrepreneurs with break-through innovations that made the conveniences of our digital world possible.

And let’s not forget that America defeated Communism and made our imperfect world, safer.

Almost DailyBrett championed a bi-partisan action – one can dream – to add Democrat Franklin Delano Roosevelt’s (won World War II) and Republican Ronald Wilson Reagan’s (beat Communism) busts on Mt. Rushmore.

With all due respect, what has Denmark given to the world? Hans Christian Andersen and The Little Mermaid.

If the royalists in Norway, Sweden and Denmark wish to examine their collective navels in the sauna, who are we to stop them? It’s their humble collection of socialist monarchies (not an oxymoron).

Those who don’t like America and never will, have the freedom of movement. Almost DailyBrett will happily visit them in Scandinavia … in the summer.

America can learn from its past. When it comes to America’s over/under, your author will take the “over” in a nanosecond.

The United States of America remains an exceptional nation. No amount of revisionist history can change that fact.

https://nypost.com/2017/01/22/why-schools-have-stopped-teaching-american-history/

https://www.theatlantic.com/education/archive/2015/10/the-history-class-dilemma/411601/

https://www.theatlantic.com/education/archive/2015/02/who-should-decide-how-students-learn-about-americas-past/385928/

https://www.washingtonpost.com/politics/2019/04/12/support-reparations-grow-so-does-pushback-some-black-americans/?utm_term=.427e54c28480

https://www.washingtonpost.com/people/charles-krauthammer/?noredirect=on&utm_term=.4d651db9a0c6

https://thehill.com/homenews/news/332307-condoleezza-rice-says-america-was-born-with-a-birth-defect-slavery

https://almostdailybrett.wordpress.com/2014/11/05/roosevelt-and-reagan-for-rushmore/

”I could say … that I ran a small grocery store on the corner (e.g., State of Arkansas), therefore I extrapolate that into the fact I can run Walmart. That`s not true.” – Ross Perot debating Arkansas Governor Bill Clinton and President George H.W. Bush

Perot labeled Clinton’s 12-year public sector experience as the chief executive of the “Natural State” as “irrelevant.”

The famous 1992 debate exchange reminds Almost DailyBrett of today’s deep-state/elite media practice of automatically and terminally disqualifying anyone aspiring or even holding the presidency – including the present office holder – who does not have public sector experience.

Public sector über alles?

Some have suggested that seven-year South Bend Mayor Peter Buttigieg, 37, is more qualified to run the nation than billionaire entrepreneurs, who build, create breakthrough products, employ thousands and manage global business enterprises.

Let’s see, Mayor Pete’s South Bend has a $368 million city budget, 1,285 employees and 101,168 residents including thousands of Notre Damers who need their garbage picked up and their streets swept.

Okay …

In contrast, the $9.5 billion, The Trump Organization LLC, is the 48th largest privately held company in the world. Trump and his family manage 500 affiliated property development and marketing companies with 22,450 employees operating in 25 countries.

According to the New York Times, Trump’s business has been required to take losses and declare bankruptcy from time to time. Phil Knight in his book, Shoe Dog, recounted how Nike almost went under … nine times.

How’s Trump doing today? How’s Nike doing today?

And then there is Starbucks founder and chairman (political villain) Howard Schultz.

Sorry Howard … you can’t play this (presidential) game either … even though you created and turned Starbucks into the largest coffee roaster in the world. Let’s see … the company reports $24.7 billion in annual revenues, manages than 27,000 stores and hires 277,000 baristas et al. around the globe.

Kathleen Sebelius vs. Jeff Bezos For CIO

All kidding and snickering aside, the political class seemingly would rather hire as its CIO Kathleen Sebelius with her infamous crashing Obamacare website with its pathetic non-working calculator.

Conceivably the alternative would be private sector Amazon with its track record of successfully and accurately processing 1 million digital transactions per hour.

The millionaire Bernie and Elizabeth types rail daily against billionaires (i.e., Trump, Schultz, Knight, Bezos …) and their privately held/publicly traded corporations (i.e., Starbucks, Nike, Amazon), seemingly as the sources of all that is wrong in the world. The Massachusetts senator even talked about breaking up the most successful and useful of these companies.

If digital retail pioneer Amazon was forced to breakup, wouldn’t the company in an aw shucks moment, simply spin-off Amazon Web Services (AWS)? Considering Amazon’s marketing for AWS’ cloud services capability, don’t you suspect Jeff Bezos and company are already thinking about AWS as a separate publicly traded company?

How about the prospect of (NYSE: AWS)? Victory for the government? Victory for investors? Whattyathink Elizabeth?

Wasn’t there a movie actor/union president, who with the exception of a stint in the military, never spent a nanosecond in the public sector and became the governor of the largest state in the union, California?

How did that experiment turn out?

Not only was Ronald Reagan wildly popular in blue state California, he was one of our greatest presidents and the only one to ever hold a union card while serving as the nation’s chief executive.

Which Is More Important: Public or Private?

For Almost DailyBrett, your author served 14 years in the public sector (i.e., California press secretary and Central Washington University assistant professor). The same four-decade career also included 25 years in the private sector (i.e., LSI Logic Corporation, Semiconductor Industry Association, Edelman Public Relations, newspapers).

Which sector was more important in the development of your author’s institutional knowledge base?

Don’t know. Inclined to conclude that both are nice to have, and each is equally important.

http://www.chicagotribune.com/news/ct-xpm-1992-10-20-9204050015-story.html

https://money.cnn.com/2016/12/15/investing/trump-organization-48th-largest-private-company/

https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=344985

http://www.city-data.com/city/South-Bend-Indiana.html

https://www.cnn.com/2019/04/13/politics/bernie-sanders-millionaire-book-sales-tax-returns/index.html

 

 

“Not only had @realDonaldTrump become a mass-media juggernaut, but Twitter had for the first time become a primary outlet for the views of a major American politician. With Trump’s election, the transformation was complete: The social network had become the new public square.” – Nicholas Carr, POLITICO

Without a shred of doubt, nothing on this planet drives the media crazier than Twitter use by one Donald John Trump.

Within the friendly confines of 280 characters coupled with the always-on powerful bully pulpit of the presidency, Trump can set the agenda and be a part of any breaking story regardless of subject.

Wait.

Under Agenda Setting Theory, the big masthead media (e.g., New York Times, Washington Post) supposedly establish the agenda about what grateful everyday Americans should be thinking about.

As they say in political circles the big mastheads have been, preempted.

The very dragon they are attempting to slay, is spewing counter-punching fire right back at them any time, all the time.

“Beware of the overnight tweet.” — CNBC NYSE reporter Bob Pisani

Most of the Trump Tweets are … provocative (outrageous?) and thus are newsworthy. The ensuing conversation is about Trump, always about Trump.

Does the sun ever set on Donald Trump’s Twitter account?

With the Müller Report destined to be a non-factor by the end of this year – let alone next year – the media/entertainment elites in Manhattan, within the confines of the Beltway and Hollywood are facing the prospect of a re-elected Twittering Trump.

Columbia Journalism Review worries about whether journalists are correcting all of Trump’s tweets and statements.

Will they eventually interrupt Trump during the State of Union, the same way MSNBC’s Brian Williams cut off Senator Lindsey Graham?

When it comes to always telling the truth, nobody does it better than Brian Williams.

Will the media at some point — kicking and screaming — be forced to stop pretending the no-further indictments/actions Müller Report is the death knell of a president they detest (putting it mildly)?

Even though they torched Joe Biden’s last days as a non-candidate, will they line up behind him if he somehow captures the Democratic nomination?

Whoever emerges as the Demo nominee, will be their standard bearer.

The Never-Ending, Always-On News Cycle

Campaigns are not happy places.

Familiarity always breeds more than contempt.

Sleep is a precious commodity, and there is never enough to go around.

There was a time when there was only one news cycle per day.

As Almost DailyBrett commented two years ago, White House “death watch” is not what it used to be. Translated: Reporters stationed in the White House briefing room while the president sleeps were Journalism’s answer to graveyard shift. No more.

Trump’s nocturnal tweets (does he ever sleep?) have changed the game. Just ask Wall Street.

Every campaign in the 2020 cycle will have to compete effectively in a digital-is-eternal atmosphere with a minimum of sleep. With digital social media – particularly Twitter – every campaign and every media outlet is an always-on, 24-7-365 wire service.

Trump tweeted (fill in the blank). Respond within the fewest nanoseconds possible.

Biden tweeted (fill in the blank). Democratic rivals answer within the fewest nanoseconds possible.

Bernie tweeted what? Man or Woman the Twitter barricades!

Almost DailyBrett remembers the days when wise pundits (oxymoron?) lamented about how policy debates were being reduced to 30-second bites.

How about 280-character tweets? Used to be 140 characters.

With more than 20+ would be Democratic nominees, how many pithy responses will immediately jump from their keyboards. More to the point how many mistakes, which can’t be recalled, will emerge from these Twitter accounts?

“Fatigue makes cowards of us all.” – Vince Lombardi

Even though early Baby Boomer Trump is 72-years-young, he seems to have the energy and stamina to keep the Twitter stream coming, even accelerating and intensifying the flow. There are no signs of fatigue.

Will the next president (or the same president) be the one who best utilizes the Twitter characters? Should social media be the penultimate factor in determining who will be the leader of the free world?

Let the Twitter debate commence.

https://www.politico.com/magazine/story/2018/01/26/donald-trump-twitter-addiction-216530

https://www.cjr.org/covering_trump/twitter-media-trump.php

https://almostdailybrett.wordpress.com/2017/10/16/death-watch-aint-what-it-used-to-be/

A “memorable” $211,703 Porsche or Land Rover?

A “visible” $86,423 Rolex?

And let’s not forget the applicable taxes on these two giveaways: $179,977 and $38,005 respectively.

For those scoring at home, Salesforce.com (NYSE:CRM) provided $516,108 in goodies to one man: newly minted co-CEO Keith Block, 57.

The Salesforce.com Compensation Committee justified the corporate largesse in its proxy statement filing:

“In this case, the committee approved this award because it believed that recognizing Mr. Block’s leadership and success in achieving company goals was warranted, and that doing so in a memorable and visible way would be motivational not only for the executive, but for other employees who observe exceptional performance being rewarded in exceptional ways consistent with the company’s philosophy of paying for performance.”

Paying for exceptional performance?

Does Block walk on water? Does he change water into wine? Does he dole out loaves and fishes to feed the hungry?

Before being named co-CEO last August, Block was already earning $2.3 million annually in salary and bonuses (not including stock option exercises) as the company’s vice chairman, president and chief operating officer.

Almost DailyBrett extensively researched and taught the relationship between fiduciary responsibility (doing well) and corporate social responsibility (doing good) as a master’s student at University of Oregon and later as a PR professor at Central Washington University.

Your author also served as the director of Corporate Public Relations for LSI Logic (NYSE: LSI) for a decade including preparing 10-Q, 10-K and 8-K news releases and regulatory filings for financial media and the SEC.

More to the point, Almost DailyBrett is a long-time Republican, free-enterprise supporter, and up-to-now a more than satisfied shareholder of Salesforce.com founded by fellow USC alum Marc Benioff.

Let’s state here and now: giving away a cool car and groovy watch (plus paying related income taxes for these two goodies) is inconsistent with Salesforce’s fiduciary responsibility to its shareholders … including not trying to be SaaS-see,  yours truly.

God help the company’s corporate PR department.

Ready to make chicken salad out of chicken feces?

How do you defend the indefensible? How do you stand-up on behalf of the untenable? Did the Compensation Committee discuss its decision with the PR types before giving away a Porsche and a Rolex to Monsieur Block?

And where is Salesforce.com located? San Francisco.

Do you think Bernie, Kamala or Elizabeth supporters residing in the Sodom and Gomorrah by the Bay are going to seize about this outrageous caper as an example about everything wrong with corporate America?

Occupy Salesforce?

Publicly traded corporations (e.g., Salesforce) provide the products we need (e.g., enterprise software), employ millions (e.g., CRM, 29,000) and provide a return on capital to millions investing in their retirement, health care or children’s education.

Buy-side (i.e., mutual funds, retirement systems) and sell-side (i.e. Goldman, JP Morgan, Morgan Stanley) institutions hold 82 percent of Salesforce’s 774 million shares outstanding.

In contrast, Almost DailyBrett is a lowly Charles Schwab retail investor with 300 shares.

If your author threatened to sell all of his shares because he is upset by the Keith Block giveaways, would company even notice, let alone care?

Heck, your author’s holding is a friggin’ corporate rounding error.

Salesforce has demonstrated by its regulatory filing temerity, it really doesn’t take fiscal stewardship and fiduciary responsibility seriously.

Actions speak louder than words. The perception and reality both stink.

No carefully massaged explanation and no amount of corporate social responsibility (CSR) – including calling for local tax increases to take care of the homeless – are going to change the undeniable fact that giving away a luxury car, a costly watch and paying the related taxes for one lousy executive … is wrong.

Dead wrong to be precise.

Almost DailyBrett editor’s note: According to Business Insider, the company did not disclose the exact make or model of Keith Block’s new car and watch. However, an educated guesstimate was made by the digital publication based upon the disclosed sales prices and related tax payments for the two luxury items. If the company actually bought Block a Lamborghini instead of a Porsche, your author will accept personal responsibility for the egregious mistake.

https://www.businessinsider.com/salesforce-ceo-keith-block-car-watch-2019-4

https://www1.salary.com/Keith-Block-Salary-Bonus-Stock-Options-for-SALESFORCE-COM-INC.html

https://www.salesforce.com/company/leadership/bios/bio-block/

https://almostdailybrett.wordpress.com/2011/12/13/fiduciary-responsibility-vs-corporate-social-responsibility/

 

 

 

“The news blindsided many liberals — particularly those with an ambient knowledge of Rachel Maddow’s nightly monologues on MSNBC.” – Amy Chozick, New York Times

“The 3 biggest losers from the Mueller report in order: the media, the media, the media.” – Rich Lowry, National Review

Trump won. The liberal media elite declared … “victory.”

The two-year hunt by oppositional journalists for WMDs came to an end. It was a dead scud.

The long-awaited $25 million Müller Report didn’t quite read the way they wanted. It was a dud.

Ahh … Rachel Maddow can rewrite it for you.

Chris Matthews is tan, rested and ready.

As they say in politics … “When in doubt, declare victory!’

The Atlantic’s Franklin Foer declared the Müller report a great success, but no one seems to be clapping in the tony enclaves of Manhattan, Inside the Beltway or in Hollywood.

Let’s see how do Oppositional Journalists proclaim unmitigated victory? Has the comb-over dragon been slayed?

Our ratings are up (e.g., MSNBC … even CNN). Our print and digital subscriptions have soared (e.g., NYT, WAPO). They generated a combined 8,500 Russia probe stories to prove their point.

Almost DailyBrett remembers a time when objective journalists didn’t seem to care about their respective employers buying low and selling high.

Former FBI Director Robert S. Müller III was going to be the savior of the Republic. Let the impeachment proceedings begin!

Stephen Colbert still generated late-night “comedy,” but deep down inside … it’s painful. It has to hurt.

As Yoga Berra once said: “It’s like deja-vu all over again.” For the folks at CNN and MSNBC, it was a replay of November 8, 2016, even though some are now asserting a “cover-up” (e.g., MSNBC’s Joy Reid) and “obstruction of justice.”

Spin Control by the Media, For the Media

“They let all the normal rules of balanced reporting fly out the window as they competed with each other over who could land the biggest Pulitzer prize-winning Trump/Russia sucker punch that would KO the President they loathe.

“Only it turned out they were all punching thin air.” – Former CNN anchor Piers Morgan

“We are not investigators. We are journalists, and our role is to report the facts as we know them, which is exactly what we did.” – Jeff Zucker, CNN president

Walter Cronkite just turned over in his grave.

Almost DailyBrett has long advocated a return to the days in which political reporters were not serving as the Praetorian Guard for the progressive socialist left/Democratic Party.

Your author yearns for the days when most reporters/correspondents could claim the virtue of objectivity, and still pass the giggle test.

Yet as the ink dries on the Müller Report and President Trump basks in the glory of no collusion with Russia/no further indictments (not to mention media darling Michael Avenatti being led off in handcuffs for his $20 million blackmail attempt against Nike), the elite liberal media is resetting its bearings on electing a Democrat in 2020.

The question that must be asked: Have they learned anything from 2016?

Will they continue to arrogantly use the print and digital pages of the NYT and WAPO, let alone CNN and MSNBC, to denigrate the millions that work and live in the red states?

Remember the “Basket of Deplorables”?

The 12th Amendment (e.g., Electoral College) of the U.S. Constitution is NOT going to be amended/rescinded before the 2020 election, if ever.

Red states must be flipped for Bernie (or a reasonable facsimile) to become the 46th president of the United States. How many in Iowa, Ohio, North Carolina, Wisconsin, Michigan, Pennsylvania etc. follow liberal media talking heads and angry columnists?

In many ways it seems the elite liberal media types are talking to each other and preaching to the choir.

Democrats know they can only win California’s 55 electoral votes once regardless of the margin of victory. Hillary prevailed in the Golden State by 4 million votes. She only needed to win by one vote.

The liberal media elites will demand that red state voters change, and see the wisdom of social justice warriors commanding and controlling their lives through a greatly empowered government.

Almost DailyBrett suggests a little exercise of humility at CNN and others. If so, maybe the struggling network can return to the days of Bernard Shaw asking the tough question … even to the Democratic nominee at a presidential debate.

https://www.nytimes.com/2019/03/25/business/media/mueller-report-media.html

https://www.theatlantic.com/ideas/archive/2019/03/mueller-report/585631/

https://www.realclearpolitics.com/video/2019/03/22/chris_matthews_why_was_there_never_an_interrogation_of_trump_how_can_mueller_let_him_off_the_hook.html

https://www.dailymail.co.uk/news/article-6847671/PIERS-MORGAN-Mueller-report-shows-collusion-disgraceful-hoax.html

https://www.youtube.com/watch?v=Y_7wPf9geSM

https://almostdailybrett.wordpress.com/2018/02/15/oppositional-journalism/

“Can’t decide whether you are a Democrat or a Republican …”

Bless these two students, who on separate occasions, refreshingly relayed their puzzlement to your author.

Almost DailyBrett does not believe that classrooms should ever be the venue for the indoctrination, let along the formation of young warriors in the fight between noble socialism and evil capitalism.

Gee … maybe … just maybe these students are smart enough to make up their own minds on these issues?

Even though long-time Almost DailyBrett readers and contemporaries know or at least suspect your author’s political predilection, it was rewarding to know at least some of my students weren’t so sure … and that is how it should be for all professors or instructors.

There seems to be a contagious disease among tenure-track or tenured academic types (e.g., professors and instructors) that university students are there to endure for hours on end their personal political pontifications and bloviations.

Is that why students are taking out loans averaging $30,000 each, waiting tables or asking mom and dad to dig deep … real deep … for their college education?

Don’t think so.

Buy Low, Sell High

As Almost DailyBrett fondly looks back to more than five years teaching public relations, integrated marketing, corporate communications and investor relations, one particular moment always brings back tears to the eyes.

More than 30 of my Central Washington University PR students chanted in unison … “Buy Low, Sell High!” … at my retirement party.

Upon receiving the Central Washington University Department of Communication Faculty Spotlight Award, they gathered around me for a group picture. Your author will always remember this moment.

Isn’t Buy Low and Sell High the essence of capitalism, particularly publicly traded corporate capitalism?

The answer is “yes.” Keep in mind that buying low and selling high is easier said than done. More importantly this phrase is the backbone to the practice of fiduciary responsibility on behalf of the 54 percent of Americans investing in stocks and stock-based mutual funds.

America’s investor class — planning for retirements, funding higher education for their children, opening up a new businesses — require accurate and complete communication about a company’s business plan, financials and simply … how does a corporation make money.

The highest expected communications professional compensation levels … usually in six figures … are directed to students adept at financial communications, who are studying at today’s schools of journalism and mass communication.

Almost DailyBrett believes wholeheartedly the purpose of universities/colleges is to prepare students to attain and sustain salaried professional positions with full benefits … and maybe even employee stock purchase plans (ESPP) and/or stock options.

Universities and colleges should be professional schools, providing students with lifelong learning skills and tools to succeed in our increasingly complex digital world … including beating artificial intelligence (AI).

If students wish to Occupy Wall Street that should be their choice, not their command.

By the way, how did that movement work out?

Students should always be fully aware of the imperfections of Capitalism. For example, watching The Smartest Men In The Room (Fortune’s Bethany McLean’s tome on the Enron bankruptcy) was required for each of your author’s Corporate Communications/Investor Relations classes.

In addition to the aforementioned Fiduciary Responsibility, a publicly traded company needs to complement this requirement with Corporate Social Responsibility (CSR). Besides doing well, a company should be mindful of doing good … including giving back to communities, protecting the environment … that make success, possible.

Certainly, students can be taught to live in tents, recite cumbersome theory or rail at the world back in their own bedrooms at mom and dad’s house.

They also can learn how to decipher an income statement, a balance sheet, a cash-flow statement and to understand the significance and formulas associated with market capitalization, earnings per share (EPS), and price/earnings (P/E) ratios and related multiples.

Looking back at your author’s professorship, there is no doubt about political disposition. There was also a comprehension that students are to be prepared for the professional world, and many of these graduates have done well, real well.

And if a couple of students or more, can’t tell whether Almost DailyBrett or any other professor/instructor, drifts left or right that’s the way … it should be.

 

 

 

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