❝ On Thursday, Americans remembered those killed on D-Day, 75 years back. It was a day of enormous heroism that was critical in turning back Nazi Germany’s attempt to conquer Europe. Thousands of Americans, Canadians, Australians and soldiers from other countries were part of the largest amphibious invasion force in history.
❝ Some 2,501 Americans gave their lives that day, according to historic estimates. Another 1,913 soldiers from other Allied countries also died, bringing the total death toll from the immediate invasion to 4,414.
It took until late April before the number of people killed by guns in the United States in 2019 topped that number, according to data collected by the Gun Violence Archive…
Thanks, Barry Ritholtz
❝ In the first court hearing over President Trump’s border wall funding plan, administration lawyers on Friday vigorously pressed their controversial argument that Congress did not in fact deny him the money when lawmakers excluded it from the appropriations bill they enacted in February.
To bar spending, Deputy Assistant Attorney General James M. Burnham told a federal judge here, Congress would have had to explicitly say that “no money shall be obligated” in any form…
Trump’s new favorite word – BULLSHIT – applies here as well as most of his blather and bluster.
From Om Malik’s April 28th weekly newsletter
❝ Bloomberg Technology host Emily Chang asked me where I think Facebook will be in a year. My answer: Pretty much where it is now. It will be unchanged or even emboldened, thanks in part to its new strategy of buying protection in Washington. Like many other industries — for example, tobacco and oil — Facebook has figured out that it can help write regulations that will allow it to exist blissfully and put its competitors at a disadvantage.
To tame Washington, you must have the right people. So, the company has begun hiring individuals that will help achieve this goal. These are seemingly innocuous moves in what is a long game…
❝ Neither advertisers nor Wall Street — the two constituents that matter more to the company than the people — don’t seem to care about the regulations and the stream of outrage news. Macquarie Research analyst Ben Schachter put it best when, in a note to his clients he pointed out that, if you “take away all the headlines, the controversies, the regulations, and what you are left with” is a company with lots of users on its platforms that “advertisers will pay to reach.”
The operative verb being “PAY”. Advertisers paying Facebook. Facebook paying lobbyists. Facebook paying new hires with experience at balancing the whole quasi-payola mechanism.
Let’s start with throwing out that archaic electoral college and actually count one vote for each voter. Try actual democracy for a change.