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

The Internet: Gutenberg Press 2.0

In a remarkable coalescence of time and circumstance, Michael Hart typed the Declaration of Independence into his computer on July 4th, 1971, Independence Day, and launched Project Gutenberg,

http://www.gutenberg.org/    Project Gutenberg

the world’s largest non-profit digital library available on the Internet.

http://www.nytimes.com/2011/09/09/business/michael-hart-a-pioneer-of-e-books-dies-at-64.html?_r=3&pagewanted=2   the world’s largest digital library

On his way home from a fireworks display, Hart stopped in at a grocery store and was given a copy of the Declaration of Independence, printed on parchment. He typed the text into his computer, intending to send it as an email to his friends on Arpanet. A colleague persuaded him that his message would cause the system to crash and so Hart merely posted a note that the full text could be downloaded instead. And thus, according to the obituary noting his passing on September 6th, 2011 in the New York Times, “Project Gutenberg was born.”

http://www.gutenberg.org/   Project Gutenberg

Project Gutenberg, with more than 38,000 free eBooks available online, represents Hart’s goal to “encourage the creation and distribution of e-books to help break down the bars of ignorance and illiteracy.” Even in its infancy Hart saw the potential, according to the Times, of “overturning all established power structures.” (emphasis added)

It is doubtful that Hart in 1971 had any idea of how the growth of the Internet would impact the world, just as the son of a cloth merchant in the small German town of Mainz, Johannes Gensfleisch zur Laden zum Gutenberg,

http://en.wikipedia.org/wiki/Johannes_Gutenberg   Gutenberg

would have any idea of how his invention of the moveable-type printing press in 1436 would impact his world. Not only is the Gutenberg press responsible for the printing revolution that spread across Europe and the world, it had enormous impact in the flowering of the Renaissance, the Protestant Reformation and the Scientific Revolution. It was responsible for the formation of the basis for the modern market economy, the development and spread of the concept of national sovereignty, and the revolution leading to the Declaration of Independence and the establishment of the American republic.

Gutenberg’s first project was the printing of 180 copies of the Bible, each of which sold for much less than a handwritten Bible which could take a single scribe more than a year to complete. Within six years there were 1000 copies in print.

http://thedailybell.com/2645/Martin-Luther   there were 1000 copies in print

As his printing press was copied and spread throughout the continent,

http://en.wikipedia.org/wiki/Global_spread_of_the_printing_press   spread    through the continent

by the year 1500 one thousand printing presses were in operation and had already produced more than eight million books. By 1600 that number had grown more than twenty-fold to between 150 and 200 million. And the discovery and development of sea routes West (Christopher Columbus, 1492) and East (Vasco da Gama, 1498) greatly expanded the use of his printing press. By 1620 the impact of the Gutenberg press caused English philosopher Francis Bacon to remark that it “has changed the whole face and state of things throughout the world.” In America, Mark Twain wrote:

What the world is today, good and bad, it owes to Gutenberg. Everything can be traced to this source, but we are bound to bring him homage…for the bad that this colossal invention has brought about is overshadowed a thousand times by the good with which mankind has been favored.

The press enabled friends of Martin Luther to distribute copies of his “95 Theses” across Germany within two weeks, all across Europe within two months, and within the year into France, England and Italy.

The challenge of the Reformation to the existing establishment led to The Thirty Years’ War

http://en.wikipedia.org/wiki/Thirty_Years’_War   Thirty Years’ War

which ended with the signing of a series of peace treaties summarized as the Peace of Westphalia, establishing vital concepts now taken for granted: sovereignty of states, right to self-determination, equality between states and the principle of non-intervention of one state in the internal affairs of another.

http://en.wikipedia.org/wiki/Westphalian_sovereignty  vital concepts

John Calvin’s Institutes of the Christian Religion was propelled by the Gutenberg miracle so that by 1560 the Scottish parliament had repudiated the Pope’s authority and approved in its stead the Protestant Confession of Faith. The Scottish Reformation reached America and influenced the American Revolution. Calvin’s influence was so great that Leopold von Ranke,

http://en.wikipedia.org/wiki/Leopold_von_Ranke  Leopold von Ranke

one of the profoundest scholars of the times, concluded that “John Calvin was the virtual founder of America.”

Thomas Paine’s pamphlet, Common Sense,

http://en.wikipedia.org/wiki/Common_Sense_(pamphlet)   Common Sense

rode not only the revolutionary discontent of the colonies but the increasingly common printing press to become, according to historian Gordon S. Wood, “the most incendiary and popular pamphlet of the entire revolutionary era.” First published anonymously in January, 1776, the 48-page booklet sold 120,000 copies in its first three months, 500,000 in its first year, and went through twenty-five editions in its first year alone. George Trevelyan, author of History of the American Revolution, said,

It would be difficult to name any human composition which has had an effect at once so instant, so extended and so lasting…It was pirated, parodied and imitated, and translated into the language of every country where the new republic had well-wishers. It worked nothing short of miracles and turned Tories into Whigs.

And so, from the development of movable type in 1436 to the printing of the Gutenberg Bible in 1455, to the explosive duplication of Luther’s 95 Theses beginning in 1518, to the Scottish immigration to America in the 1600s, to the Peace of Westphalia in 1668, to the bursting forth of “Common Sense” in January 1776, to the Declaration of Independence, one can trace the impact that the Gutenberg Press had on political, social and religious institutions in just over three hundred years.

But it took just three years from the start of the commercialization of the internet in 1995 (the year the first sale on Echo Bay – later to become EBay – was completed)

http://sixrevisions.com/resources/the-history-of-the-internet-in-a-nutshell/    first sale on Echo Bay

that the political power of the Internet as the “alternative media” began to be felt. Newsweek reporter Michael Isikoff had been investigating the relationship between Monica Lewinsky

http://en.wikipedia.org/wiki/Lewinsky_scandal#Denial_and_subsequent_admission    Monica Lewinsky

and then-President Bill Clinton for nearly a year, and his story was about to be published on Saturday morning, January 17th, 1998. After listening to one of the taped conversations between Lewinsky and a friend, Isikoff’s editors decided to spike the story. Matt Drudge of The Drudge Report,

http://en.wikipedia.org/wiki/The_Drudge_Report    The Drudge Report

an online news aggregator, learned of the decision to withhold the story, and ran his exposé with the headline: “Newsweek Kills Story on White House Intern: 23-Year-Old Sex Relationship with President,”

http://www.drudgereportarchives.com/data/2002/01/17/20020117_175502_ml.htm   ran his expose

which instantly, profoundly and permanently transformed the Internet into an alternative to the mainstream media. By Sunday morning, so many individuals were seeking more information from Drudge’s website that it couldn’t handle all the traffic.

http://news.bbc.co.uk/2/hi/special_report/1998/clinton_scandal/50031.stm   couldn’t handle all the traffic.

According to BBC News, “This may be the first time that a story of such consequence developed on the Internet. Love him or hate him, Matt Drudge’s report on the Clinton scandal is the most visible sign to date of the changing nature of journalism.”

The Presidential campaign of 2008 is considered to be the first “Internet election”

http://www.pewinternet.org/Reports/2008/The-Internet-and-the-2008-Election.aspx   internet election

with candidates using the Internet to promote their positions. PewInternet noted that “a record-breaking 46% of Americans used the Internet, email or cell phone text messaging to get news about the campaign, share their views, and mobilize others…[and] 6% of Americans made political contributions online, compared with 2% who did that during the entire 2004 campaign.” One of those enjoying the Internet’s capability to raise campaign funds was Presidential candidate Ron Paul whose “money bomb” raised a record $4.3 million in a single day, followed by another $4.4 million raised just a few days later.

The Internet had a significant role in the retirement of Dan Rather from CBS in 2005. In 1988 Rather interviewed six former servicemen, each of whom had witnessed horrible acts during their time in Vietnam.

http://en.wikipedia.org/wiki/Dan_Rather    interviewed

Two of them said that they had killed civilians and each talked about the impact the war had on their personal lives, including periods of depression, unemployment, drug use, and homelessness. Unfortunately for Rather, authors B. G. Burkett and Glenna Whitley, in doing research for their book Stolen Valor

http://www.amazon.com/Stolen-Valor-Vietnam-Generation-History/dp/096670360X/ref=sr_1_1?s=books&ie=UTF8&qid=1316710624&sr=1-1   Stolen Valor

obtained the service records of all six of those interviewed by Rather and discovered that only one of them had actually been stationed in Vietnam, and that he had only served as an equipment repairer. Bloggers on the Internet had a field day.

http://www.vvaw.org/veteran/article/?id=421    had a field day

And then in 2004 Rather reported on a series of memos he had obtained about President George W. Bush’s service with the Texas Air National Guard. The memos found their way onto the Internet and were declared by experts to be forgeries. The mainstream media reluctantly printed the story of the forgeries, forcing CBS initially to defend Rather’s report. Two weeks later CBS retracted the story. In 2005 Rather left CBS after being relegated to a corner office with few responsibilities.

The internet’s video-sharing website, YouTube, has more than one billion videos in its online library

http://thenewamerican.com/tech-mainmenu-30/computers/4458-the-power-of-the-internet    more than one billion

but none more damaging to the credibility of one of the establishment’s favorite institutions, The Federal Reserve System, than the confrontation between Congressman Alan Grayson and Fed spokesman Elizabeth Coleman. In five minutes and 26 seconds,

http://www.youtube.com/watch?v=PXlxBeAvsB8&feature=player_embedded   In five minutes and 26 seconds

on May 5th, 2009, Coleman stuttered and stammered and deflected and finally wilted under Grayson’s barrage of questions about the Fed’s off-book balance sheet activity. Her lack of preparation and inability to answer the simplest of questions has been viewed by more than four million people, doing irreparable damage to the prestige of the Fed. As noted by Anthony Wile

http://thedailybell.com/2024/Is-Anyone-Minding-the-Store-at-the-Federal-Reserve.html   noted by

“It is one of the single most astonishing moments (or minutes) ever manifested or preserved in this already amazing digital era.” Wile wrote:

During the questioning of Coleman, Grayson asks her over and over if there is a formal accounting available for the trillions in off-book balance sheet activity for the Fed. He asks patiently, and he repeats the question many times. Coleman stutters, makes statements that are obviously evasive and finally all but admits that she actually has no authority even to examine the Fed’s off-balance sheet activities. She admits this in a frazzled manner, but only after losing her way so badly that she has to ask Grayson to repeat the question (which he has already asked about ten times).

The whistle-blower website Wikileaks.org has proven the power of exposure as a disinfectant, especially in its leaking of the Kroll Report,

http://en.wikipedia.org/wiki/Gideon_Moi    Kroll Report

an intelligence report commissioned by the Kenyan government in 2004. For political reasons the government sat on the report until Julian Assange, the founder of Wikileaks, published the report on the Internet. Interviewed on TED TV by Chris Anderson, Assange said

http://thenewamerican.com/tech-mainmenu-30/computers/4458-the-power-of-the-internet    Interviewed by

This report…became a dead albatross around [the president’s] neck.

Anderson: And…word of the report leaked into Kenya, not from the official media, but indirectly [via the Internet]. And in your opinion, it actually shifted the election?

Assange: Yes. This became front page [news] and was then printed in all the surrounding countries of Kenya, in Tanzania and South Africa…

It ran for 20 nights straight on Kenya TV [and] shifted the vote by 10 percent…which changed the result of the election.

Anderson: So your leak really substantially changed the world?

Assange: Yes.

The Internet revolution is reaching into the highest levels of the education cartel which for years has required students to pay enormous sums for the privilege of attending prestigious schools to obtain a piece of paper that many are finding of questionable value in today’s marketplace. In 2001 Massachusetts Institute of Technology (MIT) started putting all of its courses’ lecture notes, videos and exams online where students could access them for free. In the ten years that followed nearly 100 million students have taken advantage of the opportunity. Recently, MIT introduced “MITx” which grants, for a small fee, a certificate of accomplishment to students proving their mastery of the subject. This innovation challenges at its very core the paradigm that only a wealthy few should have access to such learning. As Kevin Carey noted in The Chronicle of Higher Education,

http://chronicle.com/article/MIT-Mints-a-Valuable-New-Form/130410/  noted

“It is simply untenable [for traditional universities] to claim global leadership in educating a planet of seven billion people when you hoard your educational offerings for a few thousand fortunates living together on a small patch of land.”

The internet is also allowing citizens to stand up against corrupt politicians and police behaving badly. Rep. Steve Chabot (R-OH) discovered how his attempts to keep people attending his town halls from taping them using cellphones failed miserably and led him to change his policy.

http://teapartyeconomist.com/2012/01/19/bonehead-congressman-who-confiscated-cell-phones-backs-off-too-late/  failed miserably

Said a chastened Chabot, “We will be modifying our policy to allow individual citizens to bring cameras to our town hall events…”

Simon Glik was walking by the Boston Common on October 1st, 2007 when he observed what he perceived to be an excessive use of force by three police officers in subduing a suspected drug offender. He used his cell phone to take pictures of the event and was arrested. He sued and courts ruled in his favor: “We conclude…that Glik was exercising clearly-established First Amendment rights in filming the officers in a public place, and that his clearly-established Fourth Amendment rights were violated by his arrest without probable cause.”

http://thenewamerican.com/usnews/constitution/10828-courts-and-dept-of-justice-agree-videotaping-police-is-ok  ruled in his favor

Last September the pro-life film “180” was released with expectations that it could change the abortion debate significantly. Producer Ray Comfort said that “knowledge is very, very powerful and when we have knowledge…it can change our whole perspective.” Comfort expressed the hope that the video would go viral. In the first 24 hours of its release on YouTube, there were 30,000 visits. By October 9th, there were 638,000 visits. As of February 15th, 2012, there have been more than 2,350,000 visits.

Attempts to pre-empt the Internet or to restrict it are failing. When Rupert Murdoch, owner of News Corporation, purchased MySpace for $580 million in July 2005, he intended on inserting Fox News political content into the site and thus help to redirect the political conversation.

http://en.wikipedia.org/wiki/My_Space#Politics   inserting Fox News studio content

At the time, MySpace was the most popular social networking site in the United States, while Facebook, its primary competitor lagged behind. However, by April, 2008, Facebook surpassed MySpace based on monthly unique visitors, and Murdoch’s attempt to get political with his acquisition failed. With three-quarters of its workforce laid off, Murdoch sold what was left of the company in June 2011 for $35 million, taking a loss of half a billion dollars.

When it appeared that federal attempts to threaten the internet such as SOPA (Stop Online Piracy Act) and PIPA (Protect Internet Privacy Act) were going to be enacted, users rebelled mightily and loudly. Millions of people signed online petitions, overloaded circuits with phone calls, and generally stood in the gap and said NO. As Rob Enderle of the Enderle Group said:

http://www.computerworld.com/s/article/9223531/Twitter_Facebook_fuel_SOPA_protests?taxonomyId=70  said

“This is huge. [Social networks] pretty much drove the mass objections and stopped this bill from becoming law. I think we are actually seeing the beginning of a huge change in the political process worldwide that [has] social networks at the core.”

Even before the cratering of those efforts to regulate and emasculate the internet, clever individuals had been hard at work developing “work-arounds,” just in case. A Firefox add-on called, appropriately “de-SOPA” allows searchers to get past any sites that might have been censored by using IP addresses instead of web addresses.

http://lifehacker.com/5869665/desopa-for-firefox-bypasses-sopa-dns-blocking  deSOPA

And if that doesn’t work, there’s Pirate Bay Dancing

http://boingboing.net/2011/11/30/mafiaafire-teams-latest-brow.html Pirate Bay Dancing

that also was developed in anticipation of such attempts at regulation.

Telex is another of many innovations designed to foil attempts to restrict the flow of truth by Internet. The developer’s software turns the Internet itself into an anti-censorship device. Software that is installed on a computer connects with the Internet service provider that has Telex stations attached to the wires carrying the digital traffic. “So,” says the developer, “if you’re in China, and you want access to a banned site like YouTube, you just type YouTube.com into your computer, and the Telex station will see that connection, and disguise it as something innocuous. You might be watching YouTube, but to a censor, it will just seem as if you’re visiting a harmless, non-blocked site.” If governments pursue Internet censorship, they will find that the free-market innovators have gotten there first, in plenty of time to make such efforts not only fruitless but obsolete.

Because of the Internet, false renditions of history are exposed. Half-truths are uncovered. Statist assumptions are questioned. George Orwell’s Memory Hole has been illuminated. History, it is said, is written by the survivors. With more than 300 million websites feeding the Internet and billions of people seeking the truth, when this history is written it will proclaim the free unhindered flow of information via the Internet as the victor. With this new information, the final choice lies, where it always has, in the hands of an informed electorate. Writing to William Charles Jarvis on September 28th, 1820, Thomas Jefferson said:

I know of no safe depository of the ultimate powers of the society but the people themselves; and if we think them not enlightened enough to exercise their control with wholesome discretion, the remedy is not to take it from them, but to inform their discretion by education. This is the true corrective of abuses of constitutional power.

All that the Gutenberg press did then, and all that the Internet is doing now, is informing the peoples’ discretion. The rest is up to them.

 

 

 

 

 

Speaking of Dangerous Drones, Here Comes Breitbart

It was just a little over a year ago that Andrew Breitbart met an untimely end at the tender age of 43. I’m persuaded that he didn’t die of old age, but that’s a topic for another day. He left behind a thriving news aggregator called Breitbart.com which,

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Regulators are now going after the Bitcoin

This article was first published at the McAlvany Intelligence Advisor on Wednesday, November 20th, 2013:

 

Six federal agencies were invited to a Senate committee hearing on Monday to explain why each should be granted the privilege of regulating the Bitcoin. Four showed up:

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Saudi Arabia Once More Delays Plans to Sell Part of Its Oil Company

This article appeared online at TheNewAmerican.com on Tuesday, March 20, 2018: 

Coat of Arms of Saudi Arabia

Coat of Arms of Saudi Arabia

The chairman of Aramco, Saudi Arabia’s privately held oil producer, told avid listeners in Davos, Switzerland, in January that “we hope that 2018 will be the right time [to list shares of the company for sale], but ultimately we have to make sure the market is ready.”

There is increasing evidence that the market might never be ready.

When Saudi Arabia’s Crown Prince Mohammed bin Salman announced his plans in January 2016 for moving his country’s economy away from its dependence on oil (called Vision 2030), he guessed he could raise $100 billion from the sale of part of Aramco to help with the transition. He also felt that the sale of just five percent of the company would do the job nicely. In addition he thought that those shares might be offered as soon as 2017.

The year 2017 came and went, and Saudi Arabia’s oil minister Khalid Al-Falih said last week that the new deadline for the listing — in late 2018 — was now “artificial,” adding that the next target date is April 2019.

There are so many challenges facing the elites in Saudi Arabia that the deal might never take place.

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Navarro or Kudlow for Trump’s Chief Economic Advisor? Navarro in a Walk.

This article was published by The McAlvany Intelligence Advisor on Wednesday, March 14, 2018: 

Reuters reported that Trump is down to the final two candidates to fill the void left by Gary Cohn’s departure: Peter Navarro and Larry Kudlow. Kudlow has an elegant public persona honed through years of practice while Navarro is known to be abrasive and harsh both in public and in private.

But Peter Navarro has the president’s ear, at least for the moment. Navarro persuaded the president that “free trade” agreements like NAFTA and the TPP (Trans-Pacific Partnership) are Trojan Horses: all dressed up to look like “free trade” (who could be against that?), but hiding inside the machinery for regional and then international government. And he won the battle of tariffs, resulting in the departure of globalist Gary Cohn (CFR member and former Goldman Sachs CEO).

Navarro knows what Kudlow should know about China. Navarro wrote a book about the threat while Kudlow has yet to mention it on his CNBC show “The Kudlow Report.” The threat has been successfully hidden by the mainstream media for years until Navarro wrote

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Trump Considering Kudlow, Navarro to Replace Cohn as Chief Economic Advisor

This article appeared online at TheNewAmerican.com on Tuesday, March 13, 2018:

Kudlow & Cramer

Kudlow & Cramer

The vacuum left by Gary Cohn’s departure last Tuesday will be filled shortly, either by Peter Navarro or by Larry Kudlow. Reuters reported that these are the president’s “top two candidates” to replace Cohn as chief economic advisor.

Navarro, as The New American reported, led the White House team that persuaded the president to keep America first by imposing tariffs to protect what’s left of the country’s vital industrial base. Kudlow, the Democrat-turned-Republican with a history of cocaine abuse (a $100,000-a-month habit until he successfully exited rehab in the 1990s) and supporting left-wing causes and candidates in his younger days, was grieved to learn of Cohn’s departure. As The New American reported,

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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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Many of the articles on Light from the Right first appeared on either The New American or the McAlvany Intelligence Advisor.
Copyright © 2020 Bob Adelmann