Have nothing to do with the [evil] things that people do, things that belong to the darkness. Instead, bring them out to the light... [For] when all things are brought out into the light, then their true nature is clearly revealed...

-Ephesians 5:11-13

Tag Archives: Technology

Amazon Opens Its First “Just Walk Out” Store in Seattle

This article appeared online at TheNewAmerican.com on Monday, January 22, 2018: 

On Monday morning regular customers started shopping at Amazon’s no-lines walk-away store in Seattle. Some have said it feels like they’re shoplifting, until the bill shows up on their iPhone. Others feel like they’re just raiding the pantry, not worrying about price but just grabbing what they need.

Before Monday only Amazon employees could shop at the 1,800 square foot store on 7th Avenue — about the size of a 7-11 — using their experience to refine the software and hardware behind it. To get the technology right, which depends upon hundreds of hidden cameras in the ceiling trained on shoppers’ iPhones and the items on the shelves, it took four years before the store opened to the general public. For the moment, at least, those items are ordinary: groceries, sodas, ready-to-eat meals, potato chips, ketchup, toilet paper, toothpaste, and the like. But each item sports a dot similar to a barcode. When the item is moved into the customer’s bag, it moves it into his online shopping cart. When the customer leaves the store the software adds everything up, bills his account, and sends a receipt to his iPhone.

There are at least two things those new customers will notice:

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Apple’s Repatriation of Its Profits: Talk About Stimulating the Economy!

English: Apple's headquarters at Infinite Loop...

Apple’s headquarters at Infinite Loop in Cupertino, California

This article was published by The McAlvany Intelligence Advisor on Monday, January 22, 2018:

After paying the world’s largest tax bill – $38 billion – Apple, Inc., the world’s largest company by market capitalization and now the government’s largest taxpayer, will have $214 billion left over.

It is making plans for that $214 billion. In its announcement on Wednesday, the company said it would be making “a new set of investments to build on its commitment to support the American economy and its workforce, concentrated in three areas where Apple has had the greatest impact on job creation: direct employment by Apple, spending and investment with Apple’s domestic suppliers and manufacturers, and fueling the fast-growing app economy that Apple created with iPhone® and the App Store®.”

It added:

Apple is already responsible for creating and supporting over 2 million jobs across the United States, and expects to generate even more jobs as a result of the initiatives being announced today.

The numbers are almost incomprehensibly large. Apple generates worldwide revenues of $230 billion, making profits of nearly $50 billion. It employs 124,000 people worldwide, 84,000 of them in the U.S. It has independent contractual arrangements with another 1.6 app designers, to whom it paid $5 billion last year. It operates 500 retail stores worldwide.

Apple’s biggest problem is that

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The Coming Avalanche of Repatriated Dollars

This article appeared online at TheNewAmerican.com on Friday, January 19, 2018: 

English: Historical GDP per capita for the Uni...

This is an old chart of US GDP. Get ready for the next leg up

On Thursday The New American speculated about the impact of Apple’s repatriation of its overseas profit hoard of some $250 billion and where Apple intends to invest some of it. It raised questions about the $2.5 trillion in profits that is still held overseas by American companies unwilling to subject those profits to the United States’ outrageously high income tax rates.

With Apple’s decision, and the repatriation tax rate of just 15.5 percent in the new tax law, some of those questions can be addressed.

First,

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Apple’s Repatriation of Its Profits: Talk About Stimulating the Economy!

This article was published by The McAlvany Intelligence Advisor on Friday, January 19, 2018: 

After paying the world’s largest tax bill – $38 billion – Apple, Inc., the world’s largest company by market capitalization and now the government’s largest taxpayer, will have $214 billion left over.

It is making plans for that $214 billion. In its announcement on Wednesday, the company said it would be making “a new set of investments to build on its commitment to support the American economy and its workforce, concentrated in three areas where Apple has had the greatest impact on job creation: direct employment by Apple, spending and investment with Apple’s domestic suppliers and manufacturers, and fueling the fast-growing app economy that Apple created with iPhone® and the App Store®.”

It added:

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Apple to Repatriate Its Foreign Profits and Put Them to Work in America

This article appeared online at TheNewAmerican.com on Thursday, January 18, 2018:  

Apple announced Wednesday that not only would it repatriate nearly all its foreign cash holdings under the new tax reform law, but it was going to put a lot of it to work right away. This puts the lie to anti-capitalists who predicted that such a plan would only further enrich the already rich.

Instead Apple is going to spread the repatriated funds around, announcing that it would not only be creating new jobs but would be building new facilities and expanding its financial commitment to the company’s “innovation” fund. It also is expanding its efforts to reach students in high school to teach them coding language (for free) so that many of them will be able to provide Apple with the coders and software developers it will need as it expands into the future.

In the process it will also pay the largest single tax bill in history:

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Dakota Access Pipeline Fulfilling Its Promise

This article appeared online at TheNewAmerican.com on Monday, January 1, 2018: 

Fully operational since June, the Dakota Access Pipeline is lowering transportation costs, reducing tank car usage, reducing environmental and population risk, improving North Dakota’s financial condition, and putting the lie to the alarmist anti-pipeline propaganda.

There’s scarcely a downside.

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Obama Fracking Rule to be Overturned by BLM in January

This article appeared online at TheNewAmerican.com on Friday, December 29, 2017:

Map of the part of the region in Texas, red is...

Part of the Permian Basin in west Texas

A federal appeals court refused on Wednesday to reconsider its decision to overturn an Obama administration rule on fracking, holding that the issue was moot: The Trump administration is planning to throw out the rule altogether in January.

The Bureau of Land Management (BLM) said that the Obama administration’s rule “unnecessarily burdens industry compliance costs and information requirements that are duplicative of regulatory programs of many states and some tribes. As a result, we are proposing to rescind, in its entirety, the [Obama administration’s] 2015 final rule.”

The original decision in 2016 ruled that the Obama administration was guilty of federal overreach,

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The Permian Basin is Driving Another Nail into OPEC’s Coffin

This article was published by The McAlvany Intelligence Advisor on Friday, December 29, 2017:  

English: Pumpjack east of Andrews, TX

English: Pumpjack east of Andrews, TX

Just a few years ago, the Permian Basin was considered nearly depleted. But with the advent of fracking technology, the enormous basin – called a “super basin” – could now contain two trillion barrels of recoverable crude oil. That is more than the reserves of Saudi Arabia’s Aramco oil field and all of Venezuela’s proven reserves put together. IHS Markit, the world leader in information gathering and analysis, just announced that the Permian Basin’s production exceeded its previous high registered back in 1973, producing a record 815 million barrels of oil in 2017. It estimates that its daily production will approach 3 million barrels a day (mbd) next year, which will set another record of a billion barrels produced in single year.

This far exceeds the requirements for any oil basin to quality as a “super basin”: 5 billion in reserves and 5 billion in accumulated production. It also far exceeds the reserves of Saudi Arabia’s Aramco oil field (265 billion) and those of Venezuela (300 billion).

It’s also a “disrupter,” according to Pete Stark, a director of IHS: “When we consider the impact on the world’s crude markets, the Permian has to be considered a global disrupter.” IHS’ Reed Olmstead added:

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Opening ANWR to Energy Development May Be Too Late

This article appeared online at TheNewAmerican.com on Wednesday, December 20, 2017: 

Part of the motivation by Republicans to open the Arctic National Wildlife Refuge (ANWR) to energy development — off limits for nearly 40 years thanks to environmental extremists and the Obama administration — is to use lease fees to offset the deficits in the tax reform bill.

The numbers coming from the Congressional Budget Office (CBO) are impressive. Leasing even a tiny part of the tiny part that “Section 1002” represents of the total ANWR acreage would produce $2.2 billion in revenues over the next 10 years, to be split evenly between Alaska and the federal government.

Alaska’s Republican Senator Lisa Murkowski said in a speech on the floor of the Senate late Tuesday night that

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Where Will 50,000 Former Deutsche Bank Employees Find Work?

This article was published by The McAlvany Intelligence Advisor on Friday, November 10, 2017:

The short answer is: they will find other work. They will also find that other work to be more rewarding, higher paying, more satisfying, and providing greater benefits to others than they did while working for the bank. That’s how the free market operates, when it is allowed to.

It’s not that those DB employees didn’t have fair warning. In September, DB’s CEO, John Cryan, hired in 2015 to turn the bank around, told them:

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Germany’s Deutsche Bank to Cut Half lts Employees

This article appeared online at TheNewAmerican.com on Thursday, November 9, 2017: 

John Cryan, the CEO of Deutsche Bank, the world’s 16th largest bank, gave advance warning about the avalanche of pink slips that were coming. In September, without divulging just how many were coming, the blunt-spoken Cryan told Financial Times’ Laura Noonan that it would be a “big number.” On Wednesday he made it much clearer just how big that “number” is going to be: ”We employ 97,000 people. Most big peers [our competition] have more like half that number.”

Cryan went further, targeting just who was going to get the axe: anyone involved in banking processes, working in cubicles, managing customers’ accounts, tracking investors’ positions, filing financial reports — in other words, any job that a human is currently doing that can be done more efficiently by a robot:

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What if Your Customer Can’t Buy Your Product, but Wants to?

This article was published by The McAlvany Intelligence Advisor on Monday, October 16, 2017:

There are two basic rules of economics. The first is: if prices go down, more will be demanded. The second is: both sides of any economic transaction must benefit or there’s no deal.

The fracking revolution in the United States has pushed the price of crude oil down to the point where it is threatening the very existence of the OPEC cartel. Consumers are saving at the pump and the energy industry in the U.S. employs more than 10 million people, making up eight percent of the country’s gross domestic product.

But there’s been an all but invisible transformation taking place in natural gas. At least two of the Big Oil companies sell more natural gas than they do crude oil.

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U.S. Natural Gas Exports to Add 500,000 Jobs, $73 Billion to Economy

This article appeared online at TheNewAmerican.com on Monday, October 16, 2017:

Liquefied natural gas (LNG) tanker, section vi...

Liquefied natural gas (LNG) tanker, section view from side.

The latest estimate from API, the energy trade group, is that increased exports of LNG (liquefied natural gas) over the next 20 years will add nearly 500,000 jobs to the American economy and $73 billion to the country’s gross domestic product (GDP). Marty Durbin, API’s chief strategy officer, stated, “This report confirms that increasing U.S. LNG exports would bring great benefits to American workers and consumers and [to] the U.S. economy. Increasing the use of U.S. natural gas throughout the world means more production here at home, cleaner air, and increased energy security for our nation and our allies.”

The revolution taking place in natural gas has been almost completely overlooked.

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EV Revolution to Drive Oil to $10 a Barrel, Says Forecaster

This article appeared online at TheNewAmerican.com on Monday, October 16, 2017:

Shell Oil Company

Chris Watling, the CEO of Longview Economics, told CNBC on Friday that Saudi Arabia should hasten the sale of part of its Aramco oil company while the price of crude is still high: “I think they need to get it away quick before oil goes to $10 [per barrel].” Added Watling: “We forget, don’t we? 120 years ago the world didn’t live on oil. Oil hasn’t always driven the global economy. The point is, alternative energy in some form is gathering speed.… Things are changing.”

Watling’s views coincide with those of Bloomberg New Energy Finance (BNEF) in their just-released 2017 Long Term Electric Vehicle Outlook, which concluded that by 2040

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OPEC is Textbook Example of Classic Cartel

This article was published by The McAlvany Intelligence Advisor on Wednesday, October 11, 2017:

the new OPEC headquarters in Vienna Español: S...

OPEC headquarters in Vienna

Free market economists have long considered OPEC as a textbook example of the anti-free market cartel. Its mission statement confirms it:

To coordinate and unify the petroleum policies of its member countries and ensure the stabilization of oil markets, in order to secure an efficient, economic, and regular supply of petroleum to consumers, a steady income to producers, and a fair return on capital for those investing in the petroleum industry.

This is of course the “siren song” of every cartel:

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OPEC Asks U.S. Oil Industry to Join Its Cartel

This article appeared online at TheNewAmerican.com on Tuesday, October 10, 2017:

At a speech in New Delhi on Sunday, OPEC’s Secretary General Mohammed Barkindo offered an olive branch to the American oil industry: Come join our cartel and together we’ll keep prices up and everyone profitable. These are his exact words:

We urge our friends [we’re all friends, now] in the shale basins of North America to take this shared responsibility with all [the] seriousness it deserves, as one of the key lessons learned from the current unique supply-driven cycle.

Translation:

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NRA’s Surprising Capitulation on Gun Regulations Met With Outrage

This article appeared online at TheNewAmerican.com on Friday, October 6, 2017: 

The NRA is widely regarded as a staunch defender of the Second Amendment. Its capitulation on so-called “bump fire stocks” shows otherwise.

The statement from the National Rifle Association (NRA) issued on Thursday was carefully crafted to make it appear that the NRA remained a staunch defender of gun rights while it simultaneously promoted further breaches of those same rights. The statement was divided into three parts:

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Las Vegas Massacre: Gun-control Agenda Already Being Pushed

This article appeared online at TheNewAmerican.com on Monday, October 2, 2017: 

English: The Welcome to Fabulous Las Vegas Sign

Here is what is known thus far: The shooter, Stephen Craig Paddock, age 64, a former resident of Mesquite, Nevada, launched an attack on an unsuspecting crowd of 22,000 people at the Route 91 Harvest Festival across the street from where he had rented a room in Las Vegas. The attack began just a few minutes after 10 p.m. local time Sunday night, and ended less than 15 minutes afterwards when Paddock took his own life as police were entering his room.

At least 58 concert attendees were killed and more than 500 of them wounded, some injured during the melee following the attack.

The room that Paddock rented his at the Mandalay Bay Hotel and Casino beginning last Thursday was strategically placed so that he had a full view of the concert’s crowd. There were 10 semi-automatic rifles in his room along with many rounds of ammunition. The rifles used in the attack did not have suppressors as noted by members of crowd who said they heard “fireworks,” “firecrackers,” and a “pop-pop-pop” as Paddock sprayed the crowd. The police said nothing about any of the rifles used in the attack having sniper scopes on them, even though the crowd was at least 300 feet away from Paddock when he started shooting.

When Paddock’s brother Eric, who lives in Florida, was notified of the attack, he was flummoxed, saying that it caught him and his family completely by surprise:

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“You Can Trust the Communists (to be Communists)”

This article was published by The McAlvany Intelligence Advisor on Friday, September 15, 2017:  

The Australian physician, Dr. Fred Schwarz, filled the Los Angeles Sports Arena from August 28 through September 1, 1961 – capacity 16,000 – to hear him and other speakers expose the communist conspiracy. He educated millions, and his book You Can Trust the Communists (to be Communists) sold well over a million copies. As Morrie Ryskind, a journalist for the Los Angeles Times, wrote at the time: “I can honestly say that in my 25 years in Los Angeles I have never known a local event that so completely captured the enthusiasm for the city.”

Schwarz founded and was active in his Christian Anti-Communist Crusade into his late 80s, passing away at age 96 in 2009.

Schwarz would have recognized the ploys the Chinese communists are using to extract high-technology from the United States by any means whatsoever. In their effort to overtake American technology, China is following a 10-year plan to

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Trump Halts Chinese Deal to “Protect National Security”

This article appeared online at TheNewAmerican.com on Thursday, September 14, 2017:

Treasury Secretary Steven Mnuchin announced on Wednesday that the proposed purchase of Lattice Semiconductor — the world’s second-largest manufacturer of simple and complex programmable logic devices — by China-backed Canyon Bridge Capital Partners was blocked by President Trump:

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Many of the articles on Light from the Right first appeared on either The New American or the McAlvany Intelligence Advisor.