As we’ve said, the technology sector is in some real trouble because of its partnership (in many instances) with the NSA.
Tech is probably the most important industry in the USA. And we export a lot of technology. However, overseas customers (and domestic ones too) are having second thoughts about buying from companies which have worked closely with US spy agencies. Orders are dropping around the world.
Now a new front may be opening for Silicon Valley,
Good article on the uproar. A contrast to our article yesterday. I like that the author uses the word “even.”
For the record there does not seem to be any unified “libertarian” position on the so called “Monsanto Protection Act.”
The New York Fed just absolved Bank of America of potentially billions in claims stemming from mortgage fraud during the housing bubble for the paltry amount (for B of A) of $43 million. Scott free for pennies on the dollar.
One is either in the club or one is not. Most of us are not.