Procter & Gamble, the household products company, has applied to trademark acronyms common in textspeak including “LOL” and “WTF”…. P&G board member Nelson Peltz told CNBC in March that younger consumers did not want “one size fits all” brands but products “they have an emotional attachment to”. According to the statistics portal Statista, millennials in the US are expected to increase their annual spending to $1.4tn (£1.09tn) by 2020. From The Guardian
Facebook took a hit on the stock market, like big time, record setting stuff. I’d like to take credit for that, since it came within a week or so of my announcement that I was Phazing Out Facebook, but I’m not sure that I have that much influence.
There is a movement. The Democrats have been forced to shift to the left, on economic issues, which naturally feels like a threat to Dem insiders as well as centrists of all political persuasions. There will be a consistent parade of folks like Comey, warning of the dangers of economically progressive ideas and policies. These will generally be people with privilege but not imagination. A better idea? Join Democratic Socialists of America and work for solidarity and a fair shot for all Americans. =) https://act.dsausa.org/donate/membership/
John Oliver had a fantastic bit on taxes, and I meant to post it on April 15th. I forgot, somehow, but then resolved to post it anyway, albeit a few days late. Now we are well into May, and I realize that I completely spaced this post. So even though this post may not have the same punch as it does on tax day, when we lament the amount of money that we have to pay to fund Trump’s increased security needs or Jeff Sessions’ quixotic renewal of the absurd “war on drugs,” it’s still worth taking a look.
Quite the fascinating article today by Chris Hughes, one of the group of plucky young Harvard students who founded Facebook. In response to the recent Facebook fracas, Hughes suggests not merely that we regulate Big Data companies like Facebook but that we find a way to share the revenue with the pubic, with the users. Here’s how Hughes puts it: “the principle underlying it should be clear: companies that benefit from the data we voluntarily provide should be required to protect it and to share that wealth with the people who made it possible.”
Elizabeth Warren was an accomplished scholar and law professor before she got pissed off enough to run for the Senate. In 2012, she became the first female Senator from the state of Massachusetts. The video posted below went viral, in 2011, and helped launch Warren’s campaign. It also gained her a great deal of respect among progressives. “There is no one in this country who got rich on his own” ~ Elizabeth Warren
As Trump and his cronies are busy rolling back environmental regulations, many are appalled and up in arms, shocked by the audacity! But I’m a socialist, so I’m one of the few Americans who are not really surprised. We’re just watching capitalism at work. And in truth, it’s always been that way, it’s just that now Trump & Co. are too brazen and/or too stupid to hide it. In a sense, I suppose, they are doing us all a favor by making it all very obvious. One recent example of all of this is that mining companies no longer have to promise to clean up their messes. #thankscapitalism