Apparently some #energy #companies were #purposefully causing #blackouts in order to receive a #bailout #package https://timcast.com/news/electric-utilit.. Madness.
Huh, #tesla is leaving #california and going to #austin #texas ! https://www.reuters.com/business/autos-t.. #california is pushing all the #companies out with their #communist #ideology ... You hate to see it!
Another reminder that #china 's #ccp is in a lot of trouble when it comes to this #energy #crisis they are experiencing: https://www.zerohedge.com/commodities/ch.. It now looks like the #communists are ready to throw the #capitalist #companies under the bus - expect the #stock #market for #power #production to #crash too. Who wants to become a #electricity #provider when the #state forces you to run at a loss?
I am really concerned with the #approach by #socialmedia and large #tech #companies to introduce #censorship measures... https://timcast.com/news/youtube-bans-al.. #youtube is now #banning anti- #vaccine #videos from their #platform ... Pretty much any #opposition or #freespeech is now being #squashed in the name of #covid and #factcheckers ...
#china 's #ccp have started #arresting #ceo 's of large #debt ridden #companies on the grounds of "suspected" #crimes https://www.zerohedge.com/markets/chairm.. It looks like it will be worth keeping an eye on #hna and the people around it.
Closely watching the #shanghai #stockexchange - it's really not clear if #china will pull through this or not. They had a small #rebound today, but their #debt #crisis is not getting any better any time soon. There are still *massive* #debt problems that need to be addressed, almost the entire thing is rotten and I suspect they will use the healthy #companies good money to #bailout the shit companies, making a total #economic #collapse even worse. 2023 will be a shit show at this rate...
@barray on Mon Sep 20 18:43:14 UTC 2021 said: &eApparently 222% of #china 's #gdp #debt is from the #private non- #finacial sector... https://www.economist.com/leaders/2021/0.. No wonder #xijinping #ryan is taking over #companies - they are absolutely fucked. Looks like the #huarong #bank are also in the shit for a similar amount, making up 4% of the total #debt and #economy ... I suspect companies like #alibaba will be made to buy out these failing businesses...The problem with #china 's #evergrande #property #company is even worse that I thought: https://www.zerohedge.com/markets/goldma.. #chinese #debt is at 335% of #gdp - which will surely be worse once #covid is accounted for and #production continues to be stunted by the global #chipshortage ... Evergrande is also 2% of their entire #economy and a major internal #investment opportunity, as well as offering over 100k people #employment ! This is very big.
And there you have it folks, the #nsa #developed and then #pressured #networking #companies ( #juniper ) to put a #dualec #encryption #backdoor into their #firmware https://threadreaderapp.com/thread/14334.. How many times to do I have to say this? *Any backdoor you put in for yourself, can be easily #exploited by your enemy!* Sure, you covered the side-entrance into the castle with a bush, but it *will* eventually be discovered and when it is, you better not sleep easy.
#aardvark is still on point - we are 100% being #pricegouged by #companies https://aardvark.co.nz/daily/2021/0902.s.. The #global #chipshortage is the same problem as local #supermarkets - people are #panic #buying and artificially raising #demand ... For mean it means #steak and #broccoli #supplies are getting out of control.
#china 's #ccp are now mandating that #chinese #companies *100%* #buylocal https://www.reuters.com/business/aerospa.. This breaks their agreement as a member of the #wto ( #worldtradeorganization ) - but as you might guess, nothing will be done about this.
I don't actually care if #benandjerrys is refusing to sell their #icecream in part of #israel or all of it - *I don't want #politics in my icecream* ! https://www.techdirt.com/articles/202107.. When on earth did #companies become #moral #actors ? Why does Ben & Jerry's need to take a stance on the ' #occupation of #palestine ?' Perhaps we should ask #haagendazs ? Insanity.
#china 's #ccp is dismantling its #tech #industry #companies - which started a while back with #jackma https://noahpinion.substack.com/p/why-is.. When people stop clapping, this means a few things: 1. What little #capitalism China has is being destroyed, 2. #monopolisation of large companies , 3. successful #foreign companies and #investors are in trouble if they get too much success. Have fun!
Nice try to #hack the #uk #companies #website #database https://find-and-update.company-informat..