Subpoenas to Biden Agencies Over Social Media 'Censorship': Impact on Big Tech and Stock Market

Holocaust survivor Susan Sontag, when asked, summed up her lesson from her struggle with a simple yet profound observation that 10% of any population is cruel, no matter what, and that 10% is merciful, no matter what, and that the remaining 80% could be moved in either direction.

The above observation has not just stood the test of time; it holds true for political ideologies and economic doctrines as well, as revolutionaries and public enemies over the ages have found out to their respective triumphs and desolations.

However, in the age of information and the Internet, social media has become the new battleground for conflicting subcultures to shape narratives and influence the 80% to write a preferred version of history.

This ongoing and intensifying conflict reached another flashpoint when House Judiciary Committee, chaired by Republican Jim Jordan, subpoenaed three government agencies on Friday, April 28, as part of investigations into alleged censorship.

This has followed subpoenas sent in February to chief executives of Alphabet Inc. (GOOGL), Amazon.com, Inc. (AMZN),Apple Inc. (AAPL), Meta Platforms, Inc. (META), and Microsoft Corporation (MSFT) demanding information on how they moderate content on their online platforms.

In this article, we will get into the details of the subpoena, followed by an exploration of what regional and temporal differences in the definition of appropriateness and appropriateness in the limits of free speech mean for the business prospects of big tech companies. Continue reading "Subpoenas to Biden Agencies Over Social Media 'Censorship': Impact on Big Tech and Stock Market"

How to Navigate an Economy Weighed Down by Government Meddling and Cronyism

By Doug Hornig, Casey Research

If you wanted to sum up the just-concluded Casey Research/Sprott Inc. Summit titled Navigating the Politicized Economy, you could say "The situation is hopeless but not serious."

More than 20 speakers – many of them world-renowned financial experts and best-selling authors – gathered in Carlsbad, CA, from September 7 to 9 to ascertain exactly how hopeless, and what investors can do to protect themselves.

Casey Chief Economist Bud Conrad reconfirmed – with a blizzard of charts and graphs – that the ship of state is still heading for a fiscal iceberg… and that iceberg looms closer by the day.

The US national debt has far outpaced the government's ability to pay it off. It's unsustainable – and made continuously worse by the Federal Reserve, which pushes more and more debt onto its balance sheet, blowing up an ever-bigger bubble. And with the recent announcement of QE3 – read "money-printing without any limits" – Conrad thinks the resulting pop! will be one that will make the entire globe's ears ring. Continue reading "How to Navigate an Economy Weighed Down by Government Meddling and Cronyism"

Bypassing Government Roadblocks to Your Personal Prosperity

By David Galland, Casey Research

Recently I helped out with some delivery chores. As I drove about, I discovered that one of the roads I would normally use was closed by roadblocks. It was, I imagine, due to road repair work. I had to reverse course and take a substantial detour.

I wondered why the road crew hadn't put up a sign indicating the road was closed back at the main intersection, but I shrugged and muttered something like "Typical government operation." Continue reading "Bypassing Government Roadblocks to Your Personal Prosperity"

MarketClub's Weekly Wrapup for 3/23. This week's BIG Winner - MAKO + 13.67%

Hello fellow traders everywhere, Adam Hewison here co-founder of MarketClub with your weekend update for the trading week ending on 3/23/12.
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SECTOR SCORECARD  Weekly Changes

CONSUMER GOODS: +0.30%
SERVICES: +0.86%
HEALTHCARE: +0.20%  This week's big winner MAKO + 13.67%
ENERGY: -2.08%
TECHNOLOGY: +0.13%
FINANCIAL: -0.04%
INDUSTRIAL GOODS: -1.66%
MATERIALS: -0.40%
UTILITIES: +0.11%   This week's big loser DYN - 23.59% Continue reading "MarketClub's Weekly Wrapup for 3/23. This week's BIG Winner - MAKO + 13.67%"

Weekend Wrap Up: Apple hits $600 and the S&P500 index closes over 1,400. What's next?

Hello fellow traders everywhere, Adam Hewison here co-founder of MarketClub with your weekend update for the trading week ending on 3/16/12.

Last week was a strong move for the equity markets and gold slipped to ten week lows. Despite rumors of releasing strategic oil reserves the oil market closed practically unchanged for the week.  The metals were lower for the week and look to be on the Continue reading "Weekend Wrap Up: Apple hits $600 and the S&P500 index closes over 1,400. What's next?"