Showing posts with label Jeff Bezos. Show all posts
Showing posts with label Jeff Bezos. Show all posts

Tuesday, March 11, 2025

Trump's Billionaire Buds Bleeding Big Bucks

 



Pity the boys of the billionaire's club who flocked to the Malignant Fascist (our emphasis):

As Donald Trump took the oath of office on Jan 20, he was flanked by some of the world’s wealthiest people. The billionaires present that day – including Elon Musk, Jeff Bezos and Mark Zuckerberg – had never been richer, flush with big gains from frothy stock markets.

Seven weeks later, it’s a different story. The start of Trump’s second term has delivered a stunning reversal for many of those billionaires sitting behind Trump in the Capitol Rotunda, with five having lost a combined US $209 billion in wealth, according to the Bloomberg Billionaires Index. [snip]

But any expectations that the start of Trump’s new term would continue to fuel market returns have been upended. The S&P 500 has lost 6.4 per cent since he took office, as mass layoffs of government employees and the president’s back-and-forth on tariffs have roiled equities, with the benchmark index tumbling 2.7 per cent on Monday (Mar 10).  

The companies behind the inauguration attendees’ fortunes have been some of the biggest losers, dropping a combined US $1.39 trillion in market value since Jan 17, the last trading day before the inauguration.

Here’s a look at some of those fortunes:

Elon Musk (down US $148 billion) ...

Jeff Bezos (down US $29 billion) ...

Mark Zuckerberg (down US $5 billion) ...

Bernard Arnault (down US $5 billion).

Sad!  But, when you elect a moron, you can expect these results. Of course, we won't be entirely happy until these parasitic chuds (let's also include the likes of Trumpers Peter Thiel, Sundar Pichai, and Larry Ellison, too) are walking around wearing a barrel asking for spare change, but things are heading in the right direction on the FAFO scale.

BONUS Paul Krugman writes about the emerging "Economic Excuse Industry."

(Photo: l. to r., Lady Zuck, Zuck, Lady Bezos, Bezos, Pinchai, "Chainsaw" Musk / Al Jazeera)

(h/t Silver Spring Bureau Chief)


Monday, January 20, 2025

The Good, The Bad, And The Ugly -- Inauguration And MLK Day Edition


The good

When President-elect Donald Trump is sworn in as president of the United States inside the Capitol’s rotunda, he will do so facing a bust of the Rev. Martin Luther King Jr. on the federal holiday commemorating King’s legacy.

It's a disquieting contrast for some civil rights advocates who wish to fulfill the late reverend's dream of non-violent social revolution.

Events honoring King and advocating for his vision of a just society will occur across the nation as many in the U.S. observe the peaceful transfer of power in the capital. The concurrent events have been met with mixed feelings by civil rights leaders, who broadly reviled Trump’s rhetoric and stances on race and civil rights during his third presidential campaign.

But many leaders, including King's own family, see the juxtaposition as a poignant contrast and a chance to refocus the work of advancing civil rights in a new political era.

“I’m glad it occurred on that day because it gives the United States of America and the world the contrast in pictures. Is this the way you want to go — or is this the way you want to go?” said the Rev. Bernice King, the late King’s youngest daughter and CEO of the King Center.

“It’s not a day that he can be the star, which he loves to be,” King’s daughter said of Trump. “He has to contend with that legacy on that day, regardless of how he manages it and handles it in his presentation. I hope those around him are advising him well to honor the day appropriately in his speech.”...(our emphasis)

It's a contrast that will be almost certainly be lost on the MAGA mob (or maybe they see it as a victory over "diversity, equality, and inclusion" and other "woke" principles), but it's only the third time in 40 years that an inauguration has coincided with the Dr. Martin Luther King, Jr., holiday.  Not much else "good" about this day.

The bad:

On Monday, the three wealthiest men in the world—Elon Musk, Jeff Bezos, and Mark Zuckerberg—are scheduled to be at the Capitol as honored guests for Donald Trump’s presidential inauguration, seated where four years ago Christian nationalists, neo-Nazis, white supremacists, militia members, and other extremists, incited by his brazen lies about the 2020 election, violently attacked Congress to overturn American democracy and keep Trump in power. This transition—from brownshirts to billionaires—encapsulates what has gone wrong. It is a clear signal that the United States is broken.  [snip]

Accommodation—that’s what an authoritarian craves and needs. From business leaders, from the media, from influentials, and from voters. Trump’s army at the Capitol four years ago were radicals and fringe right-wingers. Now his squad comprises moguls and the Big Tech barons he and his followers once excoriated. A white flag of surrender should be flapping next to Old Glory. They are broadcasting a dangerous signal—resistance is futile—when a healthy democracy demands the opposite.

The American political system could not rid itself of Trump, and now the powerful, scared magnates who seek to protect and advance their own interests flock to his side and bolster his status and position. In doing so, they intensify the threat at hand. They make a dark day for America even darker.  (our emphasis)

We hope the Democrats' "toned down opposition" to the MF we've been reading about doesn't mean our "leaders" and "influentials" are going to turtle and find "common ground," because if that's the case, they need to fire their political consultants and pollsters, then find another occupation themselves.  This is an awful time in our nation's history.  We need to fight the fascists, not accommodate them, and Democrats who won't fight are not just useless, but dangerous.  See also this.

The ugly:

President-elect Donald Trump and his team have drafted a slate of pardons for people convicted for their role in the January 6 Capitol attack to be issued on Day 1, shortly after Trump is sworn in as president, two sources familiar with the plans told CNN.

Trump has repeatedly said he planned to swiftly pardon people who were convicted for their role in the January 6, 2021, attack on the US Capitol. During a December interview with Time Magazine, Trump said: “I’ll be looking at J6 early on, maybe the first nine minutes.”

The extent of the initial pardons is still unclear; however, one of the sources described them as enough to be seen as “delivering on his long-held promise.” About 1,270 people have been convicted of January 6-related crimes, and the vast majority of those defendants pleaded guilty. Only a couple hundred are currently behind bars.

Vice President-elect JD Vance said in an interview last week that rioters accused of violence shouldn’t be pardoned, while also arguing there was a “bit of a gray area” in some cases.

Several Republican allies of Trump have said they expect him to approach the pardons on a case-by-case basis, but two key GOP lawmakers on Sunday refused to rule out Trump potentially issuing pardons for some of the roughly 174 defendants charged with using a deadly or dangerous weapon against police officers. (our emphasis)

Those 174 are his truest MAGAt believers.  He'll be awfully tempted to pardon all or many of them to be used as trusted thugs in the future, even if a majority of Americans disapprove.   Sic transit gloria, America.


Wednesday, January 15, 2025

Oligarchs Get Front Row Seats At Trump Inauguration

 

News item:

Top tech executives Elon Musk, Mark Zuckerberg and Jeff Bezos are scheduled to join President-elect Donald Trump’s grand comeback to the White House on Monday, sources told ABC News, reinforcing what's expected to be a closer relationship between big tech and the incoming administration.

Musk, Zuckerberg and Bezos are expected to have a front row seats on the platform alongside Trump’s Cabinet picks and other elected officials, sources familiar with the planning of the inauguration said.

Throughout the transition, Musk has spent a considerable amount of time with Trump, frequenting the president-elect's Mar-a-Lago club in Florida and often accompanying him to various events. Bezos and Zuckerberg have also made trips down to Mar-a-Lago to meet with Trump since his November victory.

Meta and Amazon have donated $1 million each to the Trump-Vance Inaugural Committee, as have other major tech companies like Google, Microsoft and Apple CEO Tim Cook. Meta, in particular, is donating to a presidential inaugural committee for the first time...

Man of the people!!

If we ever get rid of this Malignant Fascist and his melange of oligarchs and incompetent cultists, we need to remember who stood for our democracy and who stood with the MF.  These dangerous dweebs should be at the top of our FAFO list.  For now, you can always show your disgust by cancelling subscriptions, not buying products, and otherwise shunning these Quislings and their companies to the extent you can.  

In an update to the saying "You can't bring a knife to a gunfight," Democratic attorney (Democracy Docket) Marc Elias recently said, "You can't bring norms to a Trump fight."  Live that principle from now on.


Saturday, January 4, 2025

Today's Cartoon

 

(click on image to enlarge)

Ed.:  Yesterday, Pulitzer Prize- winning editorial cartoonist Ann Telnaes announced she was quitting the oligarch- owned Washington PostHere's her statement, and the rough of the cartoon and the corrupt editorial decision that precipitated her leaving:

I’ve worked for the Washington Post since 2008 as an editorial cartoonist. I have had editorial feedback and productive conversations—and some differences—about cartoons I have submitted for publication, but in all that time I’ve never had a cartoon killed because of who or what I chose to aim my pen at. Until now.

The cartoon that was killed criticizes the billionaire tech and media chief executives who have been doing their best to curry favor with incoming President-elect Trump. There have been multiple articles recently about these men with lucrative government contracts and an interest in eliminating regulations making their way to Mar-a-lago. The group in the cartoon included Mark Zuckerberg/Facebook & Meta founder and CEO, Sam Altman/AI CEO, Patrick Soon-Shiong/LA Times publisher, the Walt Disney Company/ABC News, and Jeff Bezos/Washington Post owner.

While it isn’t uncommon for editorial page editors to object to visual metaphors within a cartoon if it strikes that editor as unclear or isn’t correctly conveying the message intended by the cartoonist, such editorial criticism was not the case regarding this cartoon. To be clear, there have been instances where sketches have been rejected or revisions requested, but never because of the point of view inherent in the cartoon’s commentary. That’s a game changer…and dangerous for a free press.

Over the years I have watched my overseas colleagues risk their livelihoods and sometimes even their lives to expose injustices and hold their countries’ leaders accountable. As a member of the Advisory board for the Geneva based Freedom Cartoonists Foundation and a former board member of Cartoonists Rights, I believe that editorial cartoonists are vital for civic debate and have an essential role in journalism.

There will be people who say, “Hey, you work for a company and that company has the right to expect employees to adhere to what’s good for the company”. That’s true except we’re talking about news organizations that have public obligations and who are obliged to nurture a free press in a democracy. Owners of such press organizations are responsible for safeguarding that free press— and trying to get in the good graces of an autocrat-in-waiting will only result in undermining that free press.

As an editorial cartoonist, my job is to hold powerful people and institutions accountable. For the first time, my editor prevented me from doing that critical job. So I have decided to leave the Post. I doubt my decision will cause much of a stir and that it will be dismissed because I’m just a cartoonist. But I will not stop holding truth to power through my cartooning, because as they say, “Democracy dies in darkness”.

Thank you for reading this.


Once again, as for the Post's slogan "Democracy Dies in Darkness" ...  my ass!


Saturday, October 26, 2024

"The Guardrails Are Already Collapsing" (UPDATED)

 



We're still not over this, and probably never will be.  Betrayals cut deep.

Jonathan Last concludes his essay on Washington Post's Jeff Bezos' decision to not endorse Kamala Harris, Bezos joining the oligarch coalition of cowards who believe their wealth and position are threatened if they don't show Trump obedience:

... These guys can hear the music. They’ve seen the sides being chosen: Elon Musk and Peter Theil assembling with Trump’s gangster government in waiting. They see Mark Zuckerberg praising Trump as a “badass.” And now they see Bezos getting in line, too.

What’s remarkable is that Trump didn’t have to arrest Bezos to secure his compliance. Trump didn’t even have to win the election. Just the fact that he has an even-money chance to become president was threat enough.

Or maybe that’s not remarkable. One of Timothy Snyder’s rules for resisting authoritarians is that “most of the power of authoritarianism is freely given.” People surrender preemptively much more often than you might expect.

Two weeks ago, Ian Bassin and Maximillian Potter wrote what might be the most prophetic essay of the year. They warned about “anticipatory obedience” in the media.

Seventeen days later, Bezos made his demonstration.

In case you needed reminding: The “guardrails” aren’t guardrails. They’re people.

And they’re already collapsing. Before a single state has been called.

Reaction from Post writers and former luminaries here and here.

As we said yesterday, if ever there was a time to cancel a subscription, this is it.

And if ever there was a time to vote, this is it. 

BONUSThe Philadelphia Inquirer won't be cowed!  Neither will The New Yorker --

 


BONUS IIJustin Peters has a good read on this

BONUS IIIWaPo columnists' statement here.

UPDATEFormer WaPo editor-at-large Kagan makes an expolosive claim --

The Washington Post’s outgoing editor-at-large and longtime columnist has made explosive claims that its owner Jeff Bezos struck a deal with Donald Trump in order to kill the newspaper’s endorsement of Kamala Harris.

Robert Kagan, who resigned from his position on Friday after more than two decades at the publication, told the Daily Beast that Trump’s meeting with executives of Bezos’ Blue Origin space company the same day that the Amazon founder had killed a plan to support Harris was proof of the backroom deal.

“Trump waited to make sure that Bezos did what he said he was going to do, and then met with the Blue Origin people,” he said on Saturday. “Which tells us that there was an actual deal made, meaning that Bezos communicated, or through his people, communicated directly with Trump, and they set up this quid pro quo.”  [snip]

According to Kagan, “all the facts” lead in the direction of Bezos attempting to transform the Post into something akin to The Wall Street Journal, a center right “anti-anti-Trump editorial slant,” with Lewis by his side.

“Some journalists will stick around for that. Some will leave. If they leave, they can be replaced,” he said.


(Cartoon:  Clay Bennett, Chattanooga Times Free Press;  more later in Today's Cartoons)


Friday, October 25, 2024

Darkness: Washington Post Owner Kills Harris Endorsement (UPDATED)

 


 

"Democracy Dies In Darkness."  That's the official slogan under the banner of the Washington Post, owned by billionaire Amazon owner Jeff Bezos and published by former Rupert Murdoch executive Will Lewis.  It's also utter bullshit.  From the Columbia Journalism Review:

On Friday, the Washington Post’s publisher, Will Lewis, announced that the paper would no longer make endorsements for president—after its journalists had already drafted an endorsement of Vice President Kamala Harris. The decision was made by Jeff Bezos, the paper’s owner.

Over a period of several weeks, a Post staffer told me, two Post board members, Charles Lane and Stephen W. Stromberg, had worked on drafts of a Harris endorsement. (Neither was contacted for this article.) “Normally we’d have had a meeting, review a draft, make suggestions, do editing,” the staffer told me. Editorial writers started to feel angsty a few weeks ago, per the staffer; the process stalled. Around a week ago, editorial page editor David Shipley told the editorial board that the endorsement was on track, adding that “this is obviously something our owner has an interest in.”

“We thought we were dickering over language—not over whether there would be an endorsement,” the Post staffer said. So journalists at the Post, in both the news and opinion departments, were stunned Friday after Shipley told the editorial board at a meeting that it would not take a position after all. This represents the first time the Post has sat out a presidential endorsement since 1988. 

The meeting was quickly followed by an opinion essay from publisher Lewis, who wrote, “We recognize that this will be read in a range of ways, including as a tacit endorsement of one candidate, or as a condemnation of another, or as an abdication of responsibility. That is inevitable. We don’t see it that way.” In a news story, the Post made clear that the decision came from Bezos. [snip]

The decisions at both newspapers have angered staff members, who point out that both papers have published editorials for more than nine years now describing the threats Donald Trump poses to American democracy; his constant stream of falsehoods; his role in the January 6, 2021, attack on the Capitol; his public policies; and his promises to be a dictator—for one day, at least—if elected.  [snip]

Ian Bassin, a democracy expert, calls these moves “anticipatory obedience”: fear by owners that if Trump wins he could take vengeance on companies that cross him. They noted that the leadership at CNN and the Post changed after the Trump administration tried to block the takeover of CNN’s parent company and tried to deny a cloud computing contract for Amazon, Bezos’s company...

What a cowardly, shameful abdication of every principle and value this paper has purportedly stood for for decades.  In an election in which the very existence of American democracy is at stake, with a fascist running to become its unbridled autocrat (and who calls journalists "enemies of the people"), a newspaper that has had the gall to dub itself as a beacon of democracy runs for the shadows. "Democracy Dies In Darkness" my ass.

 If you have a Washington Post subscription, this would be an excellent time to cancel it.

UPDATE:  Several notables, including Bob Woodward, Carl Bernstein, former editor executive editor Marty Baron, and editor-at-large Robert Kagan (who resigned in protest from the Post), denounced the cowardly decision not to endorse Harris

The Washington Post Guild issued this statement:

 


UPDATE 2Post columnists Ruth Marcus, Karen Tumulty, Eugene Robinson, Perry Bacon Jr., and cartoonist Ann Telnaes have joined the chorus condemning the decision.

(Image:  Billionaire Bezos)