Tag Archive: Twitter


The national Twitter Bull-in-a-China-shop champion may not be the one you suspect.

Would you allow Elon Musk to baby-sit your retirement nest egg?

REUTERS/Rashid Umar Abbasi

Consider the following:

In the last three months, Tesla common shares (NASDAQ: TSLA) are down $69.59 or 19.74 percent.

Tesla confirmed today the Department of Justice (DOJ) is launching a criminal probe into les affaires at Tesla.

Earlier, the Securities Exchange Commission (SEC) announced its own civil investigation following Tesla founder Elon Musk’s August 7 tweet, proclaiming “funding secured” for taking Tesla private. Is Musk guilty of selective disclosure of material information (e.g., “Funding secured) in violation of SEC Reg FD (Fair Disclosure)?

There was also the inexplicable video of Musk smoking dope on television.

Why Elon, why?

Musk charged not once but twice that one of the heroes, saving the Thailand boys’ soccer team from a flooded cave, is a “Pedo guy.”

Nomura Securities downgraded TSLA from “buy” to “neutral,” reducing the company’s price target from $400 to $300, concluding that Tesla shares are “no longer investable.”

“Notwithstanding improving fundamentals, we believe that Tesla is in need of better leadership, an about face, and are moving to the sidelines until we see what happens with management. “ – Nomura Securities analyst Romit Shah

Does Elon Need His Own Mad Dog Mattis?

The best-and-brightest public relations counselors in the world can do absolutely nothing with Elon, if and until he is willing to ponder sage advice for even a nanosecond.

Tesla co-founder and CEO Elon Musk takes a drag from a cigarette laced with
marijuana in this screenshot from the Joe Rogan Experience podcast on
Thursday, Sept. 6, 2018.

Some have suggested shaking up the Tesla Board of Directors to include strong-willed  independent hombres and mujeres willing to practice tough love with Elon (e.g., no public smoking marijuana for whatever reason).

Elon ‘Musk’s brother and board member, Kimbal, is not a candidate for his job. Did you see his CNBC interview this week from the floor of the venerable NYSE wearing a cowboy hat?

Why Kimbal, why?

Besides trying to run both publicly traded Tesla (EVs/solar) and privately held SpaceX (rockets) at the same time and thus needing more sleep, maybe the biggest issue is way too many sycophants kissing Elon’s derriere for way too long.

Remember the gushing CBS 60 Minutes Scott Pelley interview of Elon back in 2014? Musk was hailed at the time as the second coming of … Steve Jobs including  Almost DailyBrett. Your author repeatedly bought and sold Tesla shares for a nice profit, except the last time, selling for a modest loss.

The CNBC pundits were asking out loud circa 2014 whether Tesla was 1.) An electric vehicle company, 2.) an energy company or 3.) Elon Musk’s company?

The issue now is what would happen if a stronger, independent Board of Directors took the helm at Tesla? Would they have the cojones to fire Elon Musk? Would that stunning action be the 21st Century equivalent of John Sculley firing Steve Jobs at Apple? How did that move play out?

Most of all, what would happen to Tesla’s stock? The shorts have already gone crazy; they presumably would have a field day.

Maybe what Elon needs is his own version of a chief operating officer Mad Dog Mattis or some other chain-of-command George S. Patton type to knock off the nonsense?

Until there is some sense of consistent operating discipline (see Tim Cook’s management of Apple following the 2011 passing of Steve Jobs), the shorts will continue to bet against Tesla and its common shares.

Anybody want to “short” Apple? Didn’t think so.

Most of all, Elon Musk should be precluded from even going near Twitter. These 280 characters can lead to a heap of trouble, including twin probes by the DOJ and the SEC.

Audi today unveiled its $75,000 luxury EV SUV. There is considerable competition because electric cars are not going away.

Static photo,
Colour: electric green

Tesla still maintains considerable advantages: Market leadership, pure-play, first mover, visionary company.

Even with its present cash burn and convertible notes coming due next March, Tesla can more than survive and continue to drive technology leadership.

All Tesla needs is for a Mad Dog to put a discipline leash on one, Elon Musk.

https://www.forbes.com/sites/jimcollins/2018/09/05/elon-musks-increasingly-erratic-behavior-comes-at-a-price-for-tesla-shareholders/#1058c7323944

https://www.mercurynews.com/2018/09/11/elon-musks-erratic-behavior-continues-to-rattle-wall-street/

https://www.cnbc.com/2018/09/18/tesla-stock-drops-after-company-reportedly-to-face-us-criminal-probe-over-musk-statements.html

https://www.nytimes.com/2018/08/13/business/dealbook/tesla-elon-musk-saudi-arabia.html

https://almostdailybrett.wordpress.com/2014/04/02/only-in-america/

https://almostdailybrett.wordpress.com/2014/07/18/donate-to-united-way-or-invest-in-tesla/

https://www.cnbc.com/video/2018/09/17/kimbal-musk-says-his-brother-elon-is-doing-great.html

 

“You guys are obsessed with Trump … You pretend like you hate him, but I think you love him. I think what no one in this room wants to admit is that Trump has helped all of you. … He’s helped you sell your papers and your books and your TV. You helped create this monster, and now you’re profiting off of him. – Michelle Wolf speaking to the White House Correspondents Association dinner

Michelle Wolf once again proved the old adage: A stopped clock is indeed right twice a day.

Supposedly, Alec Baldwin is getting “tired” always playing Donald Trump on “Saturday Night Live.” Somehow, someway Alec makes a go of it, even bringing in the real Stefanie Clifford (e.g., porn “star” Stormy Daniels) to play herself as SNL ratings soar.

Speaking to media expert Howard Kurtz, former RNC chairman and Trump chief of staff Reince Priebus, pointed to the universal improvement of media business models and share prices, and proclaimed:

“Trump is Money.”

Whether you are a conservative switching on Fox News, a liberal watching CNN’s angry talking heads or a socialist getting his or her red-meat fix on MSNBC, all three of these news networks are virtually 24/7/365 Donald Trump … and their ratings are upwards to the right.

Everyone and anywhere, the conversations are about Trump. As Patrick Buchanan once said: “Worse than being misquoted, is not being quoted at all.” Trump never suffered from this malady.

Since June 2015, the media has been in a foaming-at-the-mouth state of Schadenfreude waiting to stomp on Trump’s political grave … and yet the news of his demise has been greatly exaggerated.

As Almost DailyBrett and others have stated, Trump is a walking-talking-breathing, daily-outrage via Twitter or his own verbal expression machine. He is catnip to the media, and the Fourth Estate felines are stoned.

Some have suggested the American media (e.g., Wolf quote above) created Donald Trump and made his presidency possible. The mediaQuant estimates are America media provided the wealthiest presidential candidate in history with $4.6 billion (advertising equivalent) in earned media coverage.

Like him or detest him, Trump — “The Apprentice” — knows how the media works and plays it like a violin. There is nothing the media animal loves more than a good fight or a sordid controversy. Trump delivers in spades.

Show Me The Trump Money

The stately Gray Lady, The New York Times, (“All the News That’s Fit to Print”) at one time set the national agenda, providing us mere mortals with the daily subjects to think about and discuss over the dinner table.

That all ended with Twitter, particularly Trump’s nocturnal tweets – most outrageous, some not. Instead of the NYT being the poster child of Agenda Setting Theory, Trump with his presidential bully pulpit is posing the questions of the day … even before the Times hits the streets.

The inhabitants of the New York Times ivory tower have been preempted and leveraged, and they hate it. Let’s … yes, let’s write another front-page editorial chastising this rogue in the White House. That’ll show him.

Here’s the rub. Counterintuitively, negative publicity actually helps Trump. And in turn, Trump sells newspapers, raises Nielsen Ratings and boosts book sales.

We are approaching the three-year anniversary (June 16) of The Donald descending the Trump Tower escalator to declare his candidacy. The media was laughing back then, and going to the bank today.

Shares of the aforementioned New York Times are up 62.48 percent in the same three-year time period. 21st Century Fox, the parent of the Wall Street Journal and Fox News, increased 11.62 percent. Comcast (NBC and MSNBC) is up 12.64 percent. Washington Post, 7.75 percent. Time Warner (CNN), 9.99 percent … How’s that for creating shareholder value?

The media is making money – lots of money – off Donald Trump. They can’t wait to collectively dance on his political grave, but just not now … pretty please with sugar on top.

Hold your collective ears New York Times Pharisees: When it comes to Donald Trump, you are only too eager …  yes, too eager … to buy low and sell high.

https://www.nytimes.com/2018/05/06/arts/television/snl-stormy-daniels-donald-glover.html

https://www.vox.com/policy-and-politics/2018/4/30/17301436/michelle-wolf-speech-transcript-white-house-correspondents-dinner-sarah-huckabee-sanders

https://www.cnbc.com/2016/09/30/breakingviews-trump-cold-shoulder-for-tv-ads-may-set-the-trend.html

https://www.thestreet.com/story/13896916/1/donald-trump-rode-5-billion-in-free-media-to-the-white-house.html

 

 

 

 

“Invariably, when people read the headline about Martin Shkreli, they hate Martin Shkreli. When they get to know Martin Shkreli, they love Martin Shkreli.” – Martin Shkreli on Twitter

“He (Shkreli) needs to be mythical. He needs to be larger than life. He needs to be a rags-to-riches story. That image is his mansion. His Maserati.” – Assistant U.S. Attorney Jacquelyn Kasulis

Martin Shkreli will be celebrating his 35th birthday next Saturday … behind bars.

Earlier, he labeled his federal prosecutors as the “junior varsity.” The JV team won.

His final destination will not be “Club Fed” as Shkreli once boasted on Twitter.

The sentence is seven years in prison with credit for the six months already served, and a $7.4 million fine.

Last month, CNBC dedicated its season debut of “American Greed” to Martin Shkreli. It was a personal branding and reputation management horror show, plain and simple.

There are zero public relations pros — regardless of their years of experience and skill – who could have saved Martin Shkreli from … himself.

No one loves Martin Shkreli – maybe with the exception of Martin Shkreli.

Among his litany of sins – the always smirking, taunting, arrogant Martin Shkreli — violated the cardinal rule of public relations (as if he ever weighed his own PR):

The most important public relations of all … is personal PR.

Former hedge-fund Wunderkind/drug-price fixer Shkreli received a seven year sentence for three counts of securities fraud.

 

His attorneys fought against a full 15-year sentence recommended by the U.S. Attorney, arguing he reportedly should not receive the maximum simply because he is … Martin Shkreli.

Shkreli long ago lost in the courtrooms of public opinion, where he was convicted for being … as the Brits would say, an arse.

For some reason, he refused to even acknowledge the myriad of societal stop signs, which constrain mere mortals. Even on Capitol Hill when he was taking the 5th (Amendment), he was even taunting Members of Congress with his characteristic smirk, and later insulted them on social media.

And today there is a worldwide breakout of Schadenfreude. We are all happy, including Almost DailyBrett, that Martin Shkreli is so sad.

Bringing The Donald and Hillary Together

“That guy is nothing. He’s zero. He’s nothing. He ought to be ashamed of himself.” – Donald Trump

“He still hasn’t said how much the drug will cost going forward, and in the meantime, sick patients still have to wait and worry and continue to pay $750/pill. So Mr. Shkreli, what’s it going to be?” – Hillary Clinton

“If there was a company that was selling an Aston Martin at the price of a bicycle, and we buy that company and we ask to charge Toyota prices, I don’t think that that should be a crime.” – Martin Shkreli on raising the price of Daraprim by 5,000 percent

Martin Shkreli performed magic during the divisive 2016 presidential campaign; he managed to bring Donald Trump and Hillary Clinton into an one-time agreement.

He defrauded his MSMB Capital investors, and raised the price of AIDS drug, Daraprim, from $13.50 to $750 per pill.

With his indefensible actions Shkreli also indicted the entire American pharmaceutical industry, leaving the impression that every company was gauging patients with unjustifiable drug price increases. Some are guilty. Some are innocent.

Eventually, Shkreli called upon his social media followers to steal a lock of Hillary Clinton’s hair as a bounty. He subsequently lost his $5 million bail, and was remanded to jail in Brooklyn.

Shkreli’s attorneys were hoping for a 12-18 month sentence. Federal prosecutors were asking for 15 years or even more. The judge played the sentence right down the middle: seven years.

The reality of jail and the prospect of more than one decade in prison seemed to make an overdue impression on Shkreli.

“There is no conspiracy to take down Martin Shkreli. I took down Martin Shkreli, with my disgraceful and shameful actions … This is my fault. I am not a victim here.” – Martin Shkreli at his March 9 sentencing.

Did Shkreli finally listen to his lawyers?

Was his statement before the judge, and by extension the world, written by a public relations counselor?

Did he in the end, get religion?

Too little, too late Martin.

https://www.cnbc.com/2018/03/09/pharma-bro-martin-shkreli-sentenced-to-7-years-in-prison.html

https://www.wsj.com/articles/martin-shkreli-sentenced-to-seven-years-in-prison-1520621915

https://www.cnbc.com/2018/02/23/the-american-greed-report-how-to-beat-the-pharma-bros-and-save-money-on-your-prescriptions.html

https://www.wsj.com/articles/martin-shkreli-found-guilty-in-securities-fraud-trial-1501873444?mod=searchresults&page=1&pos=35

https://www.hollywoodreporter.com/news/donald-trump-blasts-martin-shkreli-826848

https://en.wikipedia.org/wiki/Martin_Shkreli

 

“My finger said what I was feeling, I’m angry and I’m frustrated.” – Former Marketing and Communications professional Juli Briskman

TOPSHOT – A woman on a bike gestures with her middle finger as a motorcade with US President Donald Trump departs Trump National Golf Course October 28, 2017 in Sterling, Virginia. / AFP PHOTO / Brendan Smialowski (Photo credit should read BRENDAN SMIALOWSKI/AFP/Getty Images)

As we all know: You cannot yell “Theatre!” in a crowded fire station.

There are indeed reasonable limits to our cherished First Amendment Right of Free Speech.

As an employee of any organization, one instinctively knows that not all speech is protected.

When are you on the clock working for the boss?

And when are you on your own time?

Is there a distinction (without a difference?)? Are they one-and-the-same?

Last month, Juli Briskman went out for a Saturday bike ride. During the course of her ride, she encountered a convoy of limousines and secret service protection. It was indeed the caravan of the 45th President of the United States.

Briskman utilized the opportunity from the bike lane to give the occupant the infamous one-finger salute.

As another sign of our digital 21st Century times, the photo of her gesture went viral. After becoming a 15-minute-plus celebrity, Briskman reportedly posted her middle-finger image on her Facebook and Twitter accounts.

As it turns out her employer, a federal contractor by the name of Akima LLC, found her gesture toward POTUS neither funny nor amusing. Briskman claimed she was just a simple bike rider on her own time flipping off the president.

Akima, located in an employment-at-will state (e.g., Virginia), quickly made the decision to fire Briskman for twice-at-least posting her single-digit salute to the nation’s chief executive on social media.

Considering the divisiveness of today’s politics, the coverage of her gesture/firing quickly became big-time news for affirmational journalists. GoFundMe reportedly even raised $30,000 to support Briskman, bringing into question whether subsequent coarsening-of-America actions will become charitable giving opportunities?

Still the basic interrogative needs to be answered: Are you really on your own time and as a result able to express yourself however/whenever you want, when you are employed on an at-will basis?

Pleasure Appointment

Five years ago, the author of Almost DailyBrett wrote about his “No Second Beer Rule,” reflecting on his tenure as a lead media spokesman/Press Secretary for California Governor George Deukmejian.

As a “Pleasure Appointee” of the 35th Governor of the State of California, yours truly never separated my official role in the Office of the Governor from my personal life. They were essentially one-and-the-same for eight years.

Many times media calls came in the middle of the night. Here’s where the no two-beer rule came into play: If I was quoted while under the influence and subsequently uttered a major gaffe, there is little doubt the governor would have relieved me from my duties.

Worse if I was pulled over for DUI, your author would NOT be just another irresponsible sap arrested for drunk driving. Instead, one can easily envision the headlines: “Governor Deukmejian Press Secy Arrested for DUI.”

There is absolutely no distinction in this case between private citizen/government employee in a sensitive job working for the governor of the largest state in the union.

Yours truly would have been immediately terminated with cause by the former attorney general and would understand completely why my foolish actions led to my dismissal. It was truly a privilege to serve the governor, and with that opportunity came a sacred responsibility.

There would not be any $30,000 support payment for me.

#HasJustineLandedYet

I’m an IAC employee and I don’t want @JustineSacco doing any communications on our behalf ever again. Ever.” – Unnamed IAC employee responding Justine Sacco’s tweet

Justine Sacco had it made.

At 30-years-young, she was the senior director of Corporate Communications for InterActiveCorp (NASDAQ: IAC), a $3 billion+ internet and media services company with more than 100 recognizable brands (i.e., The Daily Beast, Match.com, Vimeo, Angie’s List …).

During the 2013 holidays, Sacco was flying from JFK with a stop at Heathrow and then continuing on to Cape Town, South Africa. She was firing off acerbic tweets about English teeth and German body odor during her trip. And then she hit the send button on an immediately viral, less-than-140 characters tweet, which changed her life forever.

Sacco was terminated before her plane landed in Cape Town. She slept during the course of her 11-hour flight from London to Cape Town with her phone in “airplane” mode.  She did not understand the consequences of her tweet until she turned on her phone.

As a college professor teaching public relations, advertising, corporate communications and investor relations, my students are simply stunned when Sacco’s PowerPoint slide of her tweet is first presented.

Was she simply not thinking? Was she trying to be cute or clever? Is she, racist?

The answer to the first is certainly, yes. The response to the second is, most likely. The fact the third question is even asked in a serious vain is damning in-and-of itself.

She may have been on a holiday trip to South Africa and may have seen herself as simply exercising her guaranteed First Amendment Rights as a citizen. Nonetheless, she was the senior director of Corporate Public Relations for a major publicly traded company and she fired off an acerbic and insensitive tweet that comes across as racist and not caring about the spread of AIDS in Africa.

InterActiveCorp was well within its rights in terminating Justine. In fact, the company really had no choice.

Maybe if she had just flipped off the President of the United States, she may still be working for IAC today … or maybe not.

Alas, life is just not fair.

https://www.huffingtonpost.com/entry/woman-flips-off-donald-trump-fired_us_59fe0ab4e4b0c9652fffa484

https://almostdailybrett.wordpress.com/2012/08/02/no-second-beer-rule/

http://thehill.com/blogs/blog-briefing-room/news/359727-crowdfunding-campaign-raises-over-30k-for-woman-fired-for

http://www.foxnews.com/us/2017/11/07/woman-fired-after-flipping-off-trumps-motorcade.html

http://www.cnn.com/2017/11/06/politics/juli-briskman-motorcade-protest/index.html

http://www.nytimes.com/2015/02/15/magazine/how-one-stupid-tweet-ruined-justine-saccos-life.html?_r=0

http://uproxx.com/webculture/what-happened-to-justine-sacco-the-woman-whose-life-was-ruined-by-an-aids-joke-she-made-on-twitter/

 

 

 

 

“If he (Trump) took a dump on his desk, you would defend it.” – CNN’s Anderson Cooper interviewing Trump supporter, Jeffrey Lord

Do you think Anderson Cooper has reached the point (and beyond) in which he can’t cover Donald Trump objectively and fairly let alone his network, CNN?

According to Harvard University, the answer following empirical research of media coverage by CNN and several other major outlets during the first 100 days of Trump’s presidency is a resounding, “no.”

Let’s pretend Donald Trump did something really good for the country … and didn’t nocturnally crow about it on Twitter?

Before answering this interrogative, let’s first pose a relevant side question: Who do reporters, editors, correspondents respect more than any other living creatures on this planet? The answer is other reporters, editors and correspondents.

Taking this essential and undeniable truth into account, Almost DailyBrett must ask:

Can a reporter — any reporter, editor or correspondent — outside of the friendly confines of Fox News – write or produce a totally objective piece about Trump without triggering the wrath and disdain of his or her precious media colleagues?

Would that journalist be willing to take the risk of enraging the pack mentality, and maybe even jeopardizing a career?

It appears to be seemingly impossible for a CNN or NBC reporter/correspondent in particular to provide positive coverage of Trump as evidenced by new data harvested by Harvard’s Shorenstein Center on Media, Politics and Public Policy. Harvard reported that 93 percent of CNN and NBC’s first 100 days of Trump coverage have been overwhelmingly negative.

Seven percent of CNN and NBC Trump coverage has been positive? It doesn’t seem that high.

Right behind in the race to the bottom is CBS at 91 percent negative coverage, surprisedly beating even the New York Times with 87 percent and Washington Post with 83 percent respectively thumbs-down coverage of The Donald and his administration.

Conservative media outlets tilt to the negative on Trump, but they simply cannot compete with the Clinton News Network (CNN) or the networks of Meet the Depressed or Deface the Nation. The Wall Street Journal’s coverage is 70 percent to the negative, and even Fox News is 54/46 percent to the downside.

MSNBC was not even measured.

The only Trump story that was covered in a positive manner by the newsies was the launching of cruise missiles at poison-gas Syria with 80 percent of the media on the Trump side of the ledger. Guess the remaining 20 percent may be secretly siding with Bashar Assad or more likely … can’t bring themselves to say anything remotely positive about Trump.

As a result, Trump hates the media. The media hates Trump. And Sean Spicer was last seen in the bushes.

The Donald claims he is not being covered fairly compared to his predecessors. Conservative bastion Harvard backs up this contention. Barack Obama’s coverage during the first 100 days was 59 percent positive; George W. Bush’s was 43 percent affirmative; Bill Clinton’s was 40 percent positive … Donald Trump, 20 percent to the positive.

Is the media not-so-secretly rooting for Trump to be impeached, while trying to implicate Mike Pence as well? Consider the instant parallel to Nixon’s “Saturday Night Massacre” with James Comey’s firing.

Almost DailyBrett always thought that a massacre required more than one person.

Below the Mendoza Line

The media feasts on Donald Trump’s record 54 percent negative approval rating. According to the same Real Clear Politics average, Trump has a 39.6 percent positive approval rating.

Gallup reported last fall the nation’s approval of the work provided by the media stands at only 32 percent or 8 percent behind Donald Trump.

The same polling firm reported that 72 percent of Americans approved and admired the media’s standing and coverage in 1976, right on the heels of the Watergate busting Pulitzer Prize work of Messrs. Woodward and Bernstein. Since that time, public approval of the media has dropped 40 percent in as many years.

Could it be, the media has become more partisan, more “interpretive” and less objective (i.e., CNN, NBC, CBS, NYT, WAPO)? Do the media feed our nation’s divisiveness? Do they regale in the internecine warfare and bickering, while being above it all?

What’s next: Streaming video of the 21st Century version of a fatal Aaron Burr and Alexander Hamilton duel with tisk-tisk anti-Second Amendment commentary by Rachel Maddow?

If the media was a stock with a 40 percent sustained decline during four decades – essentially down to the right – a wise investor would have dumped these shares a long time ago. Putting this metaphor aside, does it sound like the American public with only 32 percent support (e.g., 14 percent among Republicans) has rolled their eyes in unison and washed their collective hands of the media?

Walter Cronkite was the most trusted man in America in 1972 in an era when the media informed the public. Today, the likes of Maddow on MSNBC and Sean Hannity on Fox News essentially affirm philosophies of entrenched political populations segments. Ditto for social media.

Anderson Cooper’s disgusting metaphor about presidential defecation can be dismissed as an unprofessional verbal assault in the heat of battle. CNN’s and NBC’s 93 percent negative coverage of Trump and his administration points directly to the fact the newsies have reached a point they can no longer be fair and objective to the president.

And who are the ultimate losers?

https://www.washingtonpost.com/news/the-fix/wp/2017/05/20/anderson-cooper-apologizes-for-conjuring-image-of-trump-defecating-on-his-desk/?utm_term=.a458d852d72c

https://heatst.com/culture-wars/harvard-study-reveals-huge-extent-of-anti-trump-media-bias/?mod=sm_tw_post

http://www.gallup.com/poll/195542/americans-trust-mass-media-sinks-new-low.aspx

http://www.edelman.com/executive-summary/

 

 

 

 

“You can’t foment. You can’t create an impression a stock is down. You do it anyway because the SEC doesn’t understand it.” – Former Goldman Sachs hedge fund manager Jim Cramer

“Apple is very important to spread the rumor that both Verizon and AT&T have decided they don’t like the phone (iPhone). It’s very easy to do. It’s also easy to spread the rumor the phone is not ready for Macworld.”  — Cramer explaining how shorting hedge-fund managers drive down a company’s stock price through rumor mongering

“I want the Jim Cramer of CNBC (Mad Money host) to protect me from that Jim Cramer (Goldman Sachs hedge-fund manager) – Comedy Central’s Jon Stewart

Many of us watched Jon Stewart take apart Jim Cramer on Comedy Central’s The Daily Show With Jon Stewart. The legendary 2009 interview went viral, including Cramer’s bragging about short selling, even among those who do not subscribe to the notion of buying low and selling high.

Here’s a predictable sports metaphor that brings into question the morality of short selling.

Every sports fan knows there are teams that far-too-many of us love to hate (i.e. New England Patriots, New York Yankees, Los Angeles Todgers …). We will happily pop open a cold one and sit in front of the Hi-Def and root against these teams and many others. We want them to lose, and lose big.

Having acknowledged this indisputable fact of life, will we spend our hard-earned money to travel to their respective stadia or watch them on our home team fields, courts, ice rinks solely to indulge in an exercise of Schadenfreude, delighting in their misery when they lose? You are rooting against them and not necessarily for your team.

Don’t we have better things to do with our money and time than negative rooting?

Moving from metaphor to reality, should the cunning few take their discretionary investment dollars and place a trade – a short sell – with the intent of cashing-out based not upon a publicly traded company’s stock rising, but instead losing value for the vast majority of investors and their employees?

Before going any further, Almost DailyBrett must acknowledge that short selling is perfectly legal (it shouldn’t be), but the question remains: Is it moral? Yes, some may be wondering how morality and Wall Street work in tandem. Believe it or not, there is synergy when it comes to investing and morality.

For example, each of America’s 5,900 publicly traded companies on the NYSE or NASDAQ is legally required to practice fiduciary responsibility (don’t glaze over). Translated: Every company is obligated to do the best job possible to drive the top line (revenues) and raise the bottom line (net income or loss).

The beneficiaries of fiduciary responsibility are America’s Investor Class, the 55 percent of our nation that invests in mutual funds, bonds or stocks. When “Wall Street” is attacked, the hopes and dreams of literally millions for a comfortable retirement, their children’s college education, their donations to worthy charities, their once-in-a-lifetime vacations, are under siege as well.

The Big Short

“Stormy weather in Shortville … “— Tesla CEO Elon Musk tweet mocking short sellers

The literally millions of short trades fly directly in the face of the aspirations of middle-class and lower-upper class investors, who realize you can’t finance dreams through negligible bank interest rates and ping-ponging real estate. That’s why they turn En-masse to equities, bonds and mutual funds (e.g., IRAs and 401Ks).

For example, there are those (including the author of Almost DailyBrett) who invest in Elon Musk and Tesla. They are supporting the development of electric cars, ion lithium batteries and solar power, all intended to transport millions and provide energy – all without contributing to climate change.

And yet 31 million of Tesla’s (NASDAQ: TSLA) 163.1 million shares are sold short or about $8.46 billion in market capitalization or value that these traders are hoping will simply plunge big time to their greedy benefit.

Alas for them and hooray for the rest of us the Tesla short sellers are taking it in the shorts.

As we saw in the Oscar-nominated for Best Picture, The Big Short, there were cunning and callous short sellers who bet big time – and won – against the U.S. real estate market and thousands of underwater and underperforming mortgages.

They won, while literally hundreds of thousands lost their homes or were trapped in properties they could not afford, thus triggering the Great Recession of 2007-2008.

Almost DailyBrett believes the government regulates enough thank you very much. But should the feds (e.g., SEC, DOJ, FTC) take a long-and-hard look at short selling?

If the goal of the shorts is pure unmitigated greed, while literally hundreds of thousands suffer and see their hopes and dreams dashed, then short selling is not only wrong morally, but it should be frickin’ illegal as well.

http://www.goldmansachs.com/

http://www.biography.com/people/jon-stewart-16242282

http://www.cnbc.com/jim-cramer/

http://www.cc.com/video-clips/iinzrx/the-daily-show-with-jon-stewart-jim-cramer-pt–2

http://www.cc.com/video-clips/gliow5/the-daily-show-with-jon-stewart-jim-cramer-pt–3

https://www.nytimes.com/2015/12/11/movies/review-in-the-big-short-economic-collapse-for-fun-and-profit.html?_r=0

http://www.reuters.com/article/us-tesla-stocks-idUSKBN17522H

https://finance.yahoo.com/quote/TSLA/key-statistics?p=TSLA

“The man who reads nothing is more educated than the one who reads nothing but newspapers.” – Thomas Jefferson

“A cynical, mercenary, demagogic press will produce in time a people as base as itself.” – Joseph Pulitzer

Has there ever been a time in recorded history when past-and-present reporters have been so incensed?

Has there ever been a time in recorded history when past-and-present reporters have been so happy?

trumpenemy1

 

 

Donald Trump is good to the last drop, and reporters, editors and correspondents love it.

In the parlance of journalism, Trump is “great copy,” maybe the best story of all time.

Just like catnip, the media can’t stay away. They can’t help themselves. They not-so-secretly want to bring down Trump, and they want to bring him down hard. He in turn has declared war on the “failing” New York Times and the “Clinton News Network” (CNN) and several others.

Some First Amendment types have brought up the names of the worst despots (i.e., Stalin, Mao, Mussolini …) in global history, stating that totalitarian regimes start this way. These critics completely omit the inconvenient fact that dictators dominate their media and use it for their own propaganda.

Trump may be trying to control the media through Twitter and other means, but he can’t … and he is crafty enough to know that. When his tenure comes to an end, the media will have the last word.

An Adversary By Any Other Name Is Still An Adversary

As a press secretary for a Republican governor (e.g., George Deukmejian) in a blue state (e.g., California) during a time when it was “Morning in America” (e.g., The 1980s), the author of Almost DailyBrett confronted two adversaries on a daily basis: The Democrats in the state Legislature, and the political press corps.

Were these two adversaries officially aligned, and did they coordinate their opposition to our administration? The answer of course was for the most part, negative.

Democratic press secretaries really only have to be concerned with one adversary: Republicans. The media largely serve as their unofficial allies.

enemiesofthepeople

Keep in mind, the vast majority of reporters, editors and correspondents take a vow of poverty to work in the Fourth Estate. As a result, they are distrustful of those who espouse buy low, sell high. The media for the most part concur with those who see raising taxes and manna from the government as the solution to every societal problem.

Is it a stretch to suggest the media (i.e., NYT, WAPO, NBC News, CNN …) are an extension of the Democratic Party? Yes, but not that much of a stretch. Republicans instinctively look at the masthead or the source of any poll or assertion, and immediately discount it, if it hails from predictable liberal media.

Think of it this way, good-and-dependable government is contrary to the economic interests of the media. If government works and is grounded in a steady philosophy (e.g., Deukmejian years), the media is bored and restless … a bored media is a dangerous media.

Consider this question: If 999 planes land safely at DFW Airport and one crashes, which one gets the attention of the newsies? The media feed off crisis, chaos and dysfunction. Whatever you admit, acknowledge or concede will be printed or broadcasted 99 percent of the time … or does Almost DailyBrett understate the case?

And what has Trump given the media? A steady stream of chaos and controversy, which leads to “great copy” and “good dirt.” Let’s ask here and now: Are the media’s best interests consistent with the nation’s well-being? Does the media relish reporting about that one plane, which falls out of the sky, allowing them to cover it and generate good copy?

trumpenemy

If the answer is “yes,” does that make the media a friend, an adversary … or worse?

The great-and-late New York Times pundit, William Safire, ghostwrote these words about the media for largely inarticulate and disgraced former Vice President Spiro Agnew: “Nattering Nabobs of Negativism.”

Is it good politics for Trump to take on the media, especially before red meat audiences such as the Conservative Political Action Committee (CPAC)?

According to Gallup in 2016, only 32 percent have a great deal/fair amount of confidence in the media, a decrease of 8 percent from 2015 and down 40 percent from the post Woodward & Bernstein era in 1976. Yikes! Guess that means that nearly 70 percent of Americans have a poor or no opinion about the media.

The media relishes pointing out Trump’s approval rating of only 44.4 percent (e.g., Real Clear Politics polling average), but even the unpopular president is running 12 percent ahead of the post-Dan Rather-era elite media. Both Trump and especially, the media, need better public relations.

Trump has many sins to atone for, but he is neither the first White House resident to complain and disdain the media nor will he be the last.

One rule he certainly has violated was summed up beautifully in the 19th Century:

“Never pick a fight with people who buy ink by the barrel.” – Mark Twain

https://www.goodreads.com/author/quotes/426038.Joseph_Pulitzer

https://www.washingtonpost.com/news/post-politics/wp/2017/02/17/trump-calls-the-media-the-enemy-of-the-american-people/?utm_term=.8431a8b1b181

http://www.denverpost.com/2017/02/21/the-lefts-hypocrisy-on-trumps-enemy-of-the-american-people-comment/

https://www.brainyquote.com/quotes/quotes/m/marktwain135280.html

http://www.philly.com/philly/blogs/attytood/Nabobs_natter_about_the_passing_of_William_Safire_1929-2009.html

https://almostdailybrett.wordpress.com/2013/11/17/admit-acknowledge-or-concede/

http://www.gallup.com/poll/195542/americans-trust-mass-media-sinks-new-low.aspx

http://www.realclearpolitics.com/epolls/other/president_trump_job_approval-6179.html

 

The dog does not bother you, does she? She’s a friendly dog and I’m sure she will behave herself.” – Russian President Introducing “Koni,” the black lab, to German Chancellor Angela Merkel in 2007

“It (Koni) doesn’t eat journalists, after all?” – German Chancellor Angela Merkel

putinmerkelkoni

Even though the canine caper happened 10 years ago, Almost DailyBrett contends that Vladimir Putin’s Machiavellian ploy was clearly intended to intimidate and embarrass Kanzlerin Merkel. And considering the recent seismic shifts in global politics, the incident is more relevant than ever.

The most powerful woman on the planet has a well-documented case of cynophobia. She was attacked by a dog in 1995. She clearly does not relish any contact with man’s best friend, including Putin’s best canine.

During the January 21, 2007 summit with Merkel at his summer residence in Sochi, Putin’s eight-year-old Labrador retriever, Koni, made a cameo appearance during their negotiations. Even though she tried to appear cool, calm and collected, Merkel was clearly uncomfortable and unnerved by the sniffing dog.

When asked about the incident last year by the German periodical Bild, Putin insisted he did not know about Merkel’s fear of dogs.

“I wanted to do something nice for her (Merkel). When I found out that she doesn’t like dogs, of course I apologized.” – Russian President Vladimir Putin

“I understand why he has to do this — to prove he’s a man. He’s afraid of his own weakness. Russia has nothing, no successful politics or economy. All they have is this.” – Kanzlerin Angela Merkel

putinmerkelkoni1

Putin Exploiting Donald Trump’s Weaknesses?

At some point, at some venue, at some pre-determined time, Donald Trump is going to meet Vladimir Putin. Will the Russian leader try to do something “nice” for the new American president?

Russia’s legendary xenophobia, coupled with its record of hacking and espionage, will certainly encourage Putin to seek out and fully exploit Trump’s personal weaknesses.

Who would have thought that a fear of dogs would be a weak point for the chancellor of the fourth largest economy of the world and the de-facto leader of the European Union? Putin obviously knew this fact, and used his Labrador to get inside of Merkel’s head.

If the tenets of military strategy are to capitalize on one’s advantages and exploit the weaknesses of an adversary, then it’s safe to assume that Putin is carefully studying Donald Trump.

trumpputinhorse

In many ways Trump and Putin are similar, but Almost DailyBrett takes issue with any discussion of a “Bromance.” Heck, they have not even met each other.

Having taken care of that silly reference, one can safely conclude they are both demagogic, alpha males with a craving for public attention and reverence. In particular, Trump is known for his thin-skin and is quick to take offense, particularly via Twitter. Will this failing be an opening for Putin to exploit?

At the same time, it is well known the Soviets took note of President Ronald Reagan publicly firing the members of the striking Professional Air Traffic Controllers Organization (PATCO) in August, 1981. The president knew he was jeopardizing thousands of vacations and even worse risking the possibility of mid-air collisions in the skies. Putin was a key operative in the Soviet Union’s KGB at the time.

reaganpatco

Reagan was roundly criticized for exhibiting strength, and the same applies to Trump. Putin is becoming aware of Trump’s demonstrations of bravado, while at the same time finding out more about Trump’s weaknesses. Call it “opposition research” or “oppo.”

One “nice” thing that Trump does not need to worry about when he finally meets Putin, “Koni” will not be making a cameo appearance. Alas, Koni lived for 15-years, before finally buying the kennel in 2014.

The new president would be wise to remember what Harry S. Truman once said: “If you need a friend in Washington, D.C., get a dog.”

http://www.bild.de/politik/ausland/wladimir-putin/interview-mit-dem-russischen-praesidenten-russland-44091672.bild.html

http://www.cnn.com/2016/01/12/europe/putin-merkel-scared-dog/

http://edition.cnn.com/2013/09/20/world/europe/germany-merkel-profile/

http://www.telegraph.co.uk/news/worldnews/vladimir-putin/12094074/Vladimir-Putin-denies-setting-his-dog-on-Angela-Merkel.html

http://www.independent.co.uk/news/world/europe/vladimir-putin-says-he-didnt-intend-to-scare-dog-phobic-angela-merkel-when-he-brought-his-labrador-a6805801.html

http://www.ibtimes.co.uk/germanys-angela-merkel-afraid-one-thing-its-not-david-cameron-1482159

https://en.wikipedia.org/wiki/Cynophobia

http://time.com/4139802/time-person-of-the-year-angela-merkel-surprising-facts/

https://en.wikipedia.org/wiki/Konni_(dog)

http://www.nytimes.com/2011/08/03/opinion/reagan-vs-patco-the-strike-that-busted-unions.html

 

 

 

 

 

“One hundred and forty characters are suitable to expressing an impulse, but not an argument. It is the rhetorical equivalent of a groan, a shriek, a sneer or a burp. If reason and persuasion are what our politics lacks and needs, Twitter is not the answer.” — Nationally Syndicated Columnist Michael Gerson

At 71-years young, Donald John Trump is the oldest to take the presidential oath of office.

One would suspect a man of his age would be next-to-clueless about social media/digital technology — (remember out-of-touch George H.W. Bush and his amazement about the supermarket scanner?) — but one would be wrong.trump-twitter

Just as FDR used the radio-and-its-widespread-network for his fireside chats; Ronald Reagan five decades later repeatedly went before the cameras to go directly to the people and bypass Congress. Why should we be surprised that Trump is using Twitter to go around the media?

Agenda Setting Theory means that elite media (i.e., NYT, WAPO, ABC, CBS, NBC) pose the topics for the grateful masses to think about. Trump’s Twitter posts are usurping this cherished interpretive media role, and the ladies and gents of the Fourth Estate are not amused.

Have the Nixon days of the “nattering nabobs of negativism” returned with a daily war being waged between the elite media and the White House? Is the media appalled or secretly thrilled to have such an adversary to bring crashing to the earth?spicer

Sean Spicer is the present press secretary for the 45th chief executive. How long will he hold this job? Obama had three press secretaries (i.e., Robert Gibbs, Jay Carney, Josh Earnest) during the span of eight years. Almost DailyBrett will take the over on the question of whether this president will have three-or-more press secretaries.

One of the daily problems facing Spicer is pleasing his insatiable boss, while at the same time not getting eaten alive by the piranha covering the White House. Serving as press secretary may ultimately be rewarding in the form of a best-selling, tell-all book, but for now it is most likely the supreme thankless job on the planet.

Digital Is Eternal

“Are you insinuating that I am a purveyor of terminological inexactitudes?” – Winston Churchill

As California Governor George Deukmejian’s press secretary (1987-1989), the author of Almost DailyBrett never worried about whereabouts his my boss (e.g., the governor went home to Gloria, the kids and the beagles). Your author was never concerned about what he was going to say in response to media questions (e.g., The Duke’s political judgment was superb/his message consistency was outstanding), and what he did at night … presumably he slept soundly.

Spicer and the Trump communication team always need to worry about political judgment/discipline, and particularly what the energizer-bunny president is doing at 3 am … namely his love affair with Twitter’s 140-characters.trumptwitterhillary

Are the Trump communicators tempted to program their smart phones to send S-O-S signals every time the boss fires off another tweet? Heck, sleep is way overrated anyway. Think of it this way, when a POTUS tweet is sent from God’s time zone (EST), it is already 8 am in London, 9 am in Berlin and 11 am in Moscow.

For the media on presidential “death watch” (those who must stay up in the White House briefing room as the president ostensibly sleeps), they now have something to do: Monitor the POTUS Twitter account.

Is there any way to mitigate and moderate what The Donald decides to tweet, save being in the president’s living quarters at 3 am (EST)? Would he listen to his communication pros anyway? The hardest part of the job for Trump’s  press secretary may be responding to wire service calls at all hours of the morning to add color to a tweet that he saw at the same time as the reporters.

Some of the 140-missives may make perfect sense and will be consistent with the policies and the programs of the administration. Others … well, they could be about almost anything including inaugural crowd sizes or “alternative facts.”

Considering the government’s record of telling the truth has been less than stellar over the decades (e.g., LBJ’s “Credibility Gap” during Vietnam, Nixon’s “I am not a crook,” and Jody Powell’s “Right to Lie” during the Iran hostage crisis), are we surprised an administration is resorting to terminological inexactitudes?

What is breathtaking is the number in the first week alone, but more noticeable is the speed, namely through 140-characters or less Twitter.

How many tweets will POTUS fire off its cyberspace in four years or maybe eight years? Will there be any political-and-editorial discipline imposed?

Don’t count on it.

https://www.washingtonpost.com/opinions/why-a-tweeting-president-is-so-bad-for-our-politics/2017/01/26/9a6892a8-e3f0-11e6-a453-19ec4b3d09ba_story.html?utm_term=.06b7a51ec1ce&wpisrc=nl_opinions&wpmm=1

http://uspolitics.about.com/od/presidenc1/tp/List-Of-Obama-Press-Secretaries.htm

http://www.quotationspage.com/quote/33875.html

https://almostdailybrett.wordpress.com/2010/11/03/the-right-to-lie/

https://almostdailybrett.wordpress.com/2016/10/12/the-other-side-of-the-story/

 

 

 

 

“It’s a great photo that demonstrates genuine bipartisanship. At one time they were political enemies, but they came together for a good cause. In the midst of a nasty election season, people are hungry for anything that can unify us.” — Larry Sabato, director of the University of Virginia’s Center for Politics

A great photo can be worth a 1,000 words, and can go viral too.michellebush

The best part about First Lady Michelle Obama hugging former President George W. Bush is what it says about what could be as opposed to what is today’s reality.

Last September was the opening ceremony for the Smithsonian’s National Museum of African-American History and Culture. Bush signed the legislation creating the museum. Obama was there to formally open its doors to the public for the first time.

As the Obama presidency comes to a close with disparate interpretations of the 44th president’s legacy, and Donald Trump prepares to take the Oath of Office Friday, the nastiness of the partisan divide has seemingly never been greater.

Some would argue that Aaron Burr outdueling Alexander Hamilton was worse, but only by a smidge.burrhamilton

What should be seen as a celebration of our enduring democracy (inaugural of #45) – the peaceful transfer of power – is degenerating into a cavalcade of boycotts by politicians/entertainers and demonstrations – some of which will almost-certainty, turn violent.

For a prelude, just take a stroll through the digital world of social media. For some reason so many of us are compelled to inflame Facebook and other sites with partisan broadsides … even though most are already fully aware of the sender’s political predilections.

Almost DailyBrett has already rhetorically asked why we choose to fire off these salvos on a social media platform intended to our family and friends. Is this the way we treat our family and friends, when we see them face-to-face?

If so, do you still have any family and friends? Guess, mumsy will always love you.

“Forgive Your Enemies, But Never Forget Their Names” – John F. Kennedy

A great read is “The President’s Club: Inside the World’s Most Exclusive Fraternity” by Nancy Gibbs and Michael Duffy.

The 2012 book tells the story about how presidents and former presidents from Truman to Obama were able to repeatedly work together (e.g., Bush 41 and Clinton 42 on Tsunami relief), putting aside the proverbial political hatchet for the greater good.

The repeated examples catalogued in this book do not suggest that everything is forgotten, but many real-and-perceived transgressions are eventually forgiven.

Does this mean that Bush 43 and Obama 44 see eye-to-eye on the body politic? Absolutely not.

Having said that, can they set aside differences, work together and actually develop a real friendship? Michelle’s sincere embrace of George W., and his very real expression of gratitude, serve as a great symbol for the country.

With this example in mind, could incoming President Donald J. Trump give his Twitter handle a rest? Almost DailyBrett has repeatedly been exposed to the Big Apple world of insults and never apologizing, but are we going to endure daily Twitter broadsides for the next four-to-eight years?

trumptwitterbird

Whatever happened to the notion of being a statesman, someone who can literally reach across ponds to represent America as an exceptional nation?

Whatever happened to political discipline, having the strength and courage to fight off coarse instincts and emotions, and to stick to the script on behalf of a presidency, but more importantly for our Republic?

Whatever happened to never forgetting the names of your enemies, but eventually forgiving them instead of trying to even the score?

The viral hug between First Lady Michelle Obama and former President George W. Bush produces 2.6 million results on Google and more than 4,000 videos on YouTube. That’s relevant.

What have we learned here? Almost DailyBrett will offer that the nation understands advocating and defending our principles, but civility still matters. If the 100 million-plus political animals in this country could pull one punch this week … that would be 100 million instances of less political invective on blogs, social media or verbally.

What a beautiful thought.

Maybe a great photo is indeed worth a million words.

https://www.youtube.com/watch?v=Pp2JZH1sfiM

http://www.nbcnews.com/news/us-news/michelle-obama-embraces-george-w-bush-why-photo-was-so-n654451

http://www.usatoday.com/story/news/politics/theoval/2016/09/26/first-lady-michelle-obama-displays-genuine-affection-george-w-bush/91124646/

http://www.cnn.com/2016/09/24/politics/michelle-obama-george-w-bush-friendship/

https://www.washingtonpost.com/politics/trump-lewis-feud-could-be-harbinger-of-new-round-of-hyper-partisanship/2017/01/14/f72db5a2-da8d-11e6-9a36-1d296534b31e_story.html?utm_term=.9c86ee86bb59&wpisrc=nl_headlines&wpmm=1

https://almostdailybrett.wordpress.com/2016/09/09/why-even-discuss-politics-on-facebook/

https://www.brainyquote.com/quotes/quotes/j/johnfkenn103659.html

http://www.nytimes.com/2012/04/18/books/the-presidents-club-by-nancy-gibbs-and-michael-duffy.html

 

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