Chriss W. Street

Latest News

Silicon Valley Getting Attitude Adjustment over Privacy Concerns

The Silicon Valley tech giants that have been engaging in widespread internet surveillance of their customers’ shopping preferences, general attitudes, and deepest life-style secrets have failed to appreciate the mounting global concern over their record on online privacy and security. Yet after losing tens of billions of dollars in sales and facing government scrutiny, Silicon Valley giants like Apple and Google are only beginning to understand they need a big attitude adjustment to prevent deeper reputational damage to their business model. Sep 17, 2014 3:50 AM PT

EPA Doubles Number of Coal Plant Closings

In the run-up to the “People’s Climate March” scheduled for September 21, the non-partisan U.S, General Accountability Office (GAO) just doubled its estimate for coal plants expected to retired to comply with the Obama Administration’s new Environmental Protection Agency (EPA) over the next decade. Sep 16, 2014 1:06 PM PT

Singles as a Majority of American Households Means New Economic Risks

For the first time in our nation’s history, the majority of American households are run by single-persons, according to the U.S. Census Bureau. From 70.6% in 1970, the percent of married couples has crashed through the 50% level early in the Obama Administration and hit 48.9% in 2012. Sep 16, 2014 11:45 AM PT

Independent Scotland Would Generate $17,217 per Family in Energy Taxes

Of the UK's North Sea energy deposits, 96 percent of oil and 47 percent of gas production are in Scottish waters, according to geographic studies by the University of Aberdeen. Since oil production came on line in the 1970s, the UK has pumped two thirds of the North Sea oil reserves and pocketed over $500 billion in taxes with only $49 billion being allocated to Scotland. An independent Scotland would be energy independent and immediately generate about $17,217 in tax revenue for every Scottish family of four. Sep 16, 2014 3:48 AM PT

Tesla in Nevada? A Win for California, Says Brown

The day after Nevada lawmakers approved a package of tax incentives worth $1,538,000 per job to persuade California based Tesla Motors Inc. to build its Gigafactory battery plant in the state, California Governor Jerry Brown, who is rumored to be preparing a Presidential run, told the Sacramento Bee on Friday that “Nevada’s tax breaks are California’s benefit” if they put electric cars on California roads. Sep 15, 2014 4:54 AM PT

Hollywood Studios Hit With Multi-Billion Dollar Class-Action Labor Suit

The Walt Disney Co., DreamWorks Animation, Digital Domain, Pixar, Lucasfilm and Sony Pictures are among the defendants in a new multi-billion dollar class-action suit contending that Hollywood studios and their vendors conspired to suppress tech workers’ wages through secret “non-poaching” agreements. Sep 15, 2014 4:51 AM PT

America's 2nd Largest Newspaper Chain Tries for Quick Sale

Digital First Media, the New York owner and operator of the nation’s second-largest newspaper chain, announced Friday that it will “evaluate and consider strategic alternatives” that could lead to a quick sale of some or all of the hedge fund-sponsored company. Sep 13, 2014 12:46 PM PT

Genentech's Former CEO and Google to Try Curing Parkinson's Disease

Calico, a company led by former Genetech CEO Art Levinson and backed by Mountain View-based Google Inc. said on September 11th that it had inked a $1.5 billion, 10-year research and commercialization deal with AbbVie Inc. to develop treatments for Parkinson’s and Lou Gehrig's disease, plus treat traumatic brain injury., according to a report by the San Francisco Business Times. Sep 12, 2014 4:49 AM PT

With iPhone 6 Discounting, 'Apple Pay' Better be a Blockbuster

The highly respected Pacific Crest Securities downgraded Apple stock on September 10th, citing stagnant iPhone growth, “lack of compelling features” on the new Apple Watch, and not enough investment “potential for upside (earnings) estimates.” Sep 11, 2014 6:10 PM PT

Hispanic Millennials Key to 28% of California Vote

Latinos represent the fastest growing segment of California’s population and its electorate. In August, Univision released a survey, “Winning with Hispanics in the Midterms: The Why, The How and the What” that showed Latinos comprise 28% of the Golden State’s eligible voters and 24% of its registered voters. The poll found that about a quarter of Hispanic voters in California are age 18 to 34--i.e., millennials. Because this fast growing demographic disproportionately influences their parents' politics, Hispanic millennials are the key to up to 28% of the California vote. Sep 11, 2014 1:18 PM PT

Scottish Independence Could Be Like the Break Up of Soviet Union

Some polls now show a slim majority of Scotland voters intending to vote on September18th for independence from the United Kingdom after 300 years of political union. Such an action would destroy the post-World War II doctrine of the inviolability of European borders. When this doctrine weakened in the Soviet Union, a super power rapidly disintegrated. Sep 10, 2014 1:06 AM PT

Apple Stock Loses $38 Billion at iPhone 6 Event in Just One Hour

Following Tim Cook’s goofy performance in San Francisco last June at the Apple Worldwide Developers Conference, the performance at today’s supposed big iPhone 6 launch at the Flint Center for the Performing Arts in Cupertino, California was an even bigger yawn. In response to the iWatch introduction as the extravaganza’s “One More Thing” finale, Apple’s stock lost $38 billion in value in just one hour. Sep 9, 2014 1:01 PM PT

IPO Market Partying Like It's 1999 All Over Again

With Chinese Internet behemoth Alibaba being preliminarily valued at $165 billion as it prepares for its initial public offering (IPO), it seems that investors are playing the same type of dangerous game they played in 1999. Sep 7, 2014 4:55 AM PT


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