Chriss W. Street

Chriss W. Street

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Andy Wong/AP

China’s Lehman Brothers Weekend Begins

China’s Shanghai stock market suffered another -6 percent crash on Friday to cap its worst three-week decline since 1992. With Chinese stock down by a third since its June peak, the “Red Dragon” may be facing a weekend similar to

Unicorn dog (Frederic J. Brown / AFP / Getty)

Number of VC Deals Falls as Investors Chase ‘Unicorns’

Global venture capitalists invested $56.31 billion in 4,894 deals during the first half of 2015–the lowest number of deals recorded by the Pitchbook blog over a six month period in the last 25 years. The major reason for a smaller number of companies being funded is that venture capitalists are throwing huge amounts of money at a small number of “unicorns.”

Getty Images

Chinese Army to Protect ‘Overseas Interests’ Under New Law

China’s Communist Party People’s Congress recently passed a sweeping national-security law that directs the People’s Liberation Army to expand the military’s offshore presence to protect China’s “overseas interests” and to support counterterrorism at home, according to Xinhua, China’s state-run news agency.

Fracking Protest (Robyn Beck / AFP / Getty)

Jerry Brown Body-Slams Environmentalists for Fifth Time on Fracking

When it comes to fighting hydraulic fracking for oil and gas, California’s muscular environmental movement has gone zero-for-five over the last two years against Governor Jerry Brown. The bloodied green leadership on Tuesday again called on Brown to halt plans for new hydraulic fracturing in the waters off Southern California.

Leland Yee (Justin Sullivan / Getty)

Gun Control Politician Pleads Guilty to Gun-Related Charges

Former California State Senator and top gun control advocate Leland Yee pleaded guilty Wednesday to public corruption. Still facing allegations of weapons trafficking, money laundering, murder-for-hire, and drug distribution, Yee’s plea deal seems to indicate that he is ready to “rat out” an even wider group of Bay Area and Sacramento conspirators.

Uber (Reuters)

Uber France Executives Arrested After Taxi Union Trashes Uber Cars

Uber Europe GM Pierre-Dimitri Gore-Coty and Uber France CEO Thibaud Simphal were both taken into custody Monday in Paris according to AFP News. The police started an investigation of Uber in November 2014 and raided their Paris offices in March. But the arrests came after Paris police failed to intervene last week as French taxi union thugs trashed Uber cars and threatened passengers.

Apple Music

Apple Music Launches, Devours iTunes

Apple premiered its paid streaming music service at 8:am this morning featuring an industry standard $10 per month on-demand content, curated playlists, and global radio station “Beats One.” The only disruptive shocker in the launch is the $15 per month “family

AP Photo/Ricardo Arduengo

Puerto Rico is America’s Greece as Territory Threatens Default

Americans do not need to worry about the financial travails of Greece, we have our own debt crisis in Puerto Rico. Prices of the U.S. territory’s general obligations bonds that were issued in March of last year fell to 70 cents on the dollar after Democrat Governor Alejandro Garcia Padilla said investors should be “prepared to sacrifice” being paid back if they want the insolvent island’s economy to grow.

Facebook/Mark Zuckerberg

Silicon Valley Led the Effort for Same Sex Marriage

There was a long line of advocates claiming responsibility for same-sex marriage’s victory at the Supreme Court on Friday, but a key driver was the support two years ago from 278 mostly multi-national tech companies that included Apple, Facebook, Google, Microsoft, Amazon, Cisco, eBay, Electronic Arts, Intel, Intuit, Oracle, Twitter and Zynga.

AP Photo

Sean Parker Tries Philanthropy to Clean Up His Rep

The irrepressible Sean Parker took to the Wall Street Journal editorial pages to announce that after building a $2.8 billion fortune, mostly from stealing music and selling peoples’ deepest secrets to marketers, he wants to reinvent his public reputation from that of a greedy loud-mouthed hacker to an old money philanthropist.

Reuters

Millennials May Dump Social Media if Privacy Breaches Continue

With the revelations of data snooping and privacy violations by government agencies, clandestine hacker groups and supposedly trusted telecommunications companies accelerating, a new report suggests Generation Y, 18 to 34 year olds, is starting to have “buyer’s remorse” regarding the amount of social media accounts into which they’ve poured the intimate details of their lives.

AP Photo

Google Play Music Ready to Crush Spotify and Apple Music

On the heels of Apple Music’s $9.99 streaming service getting the bodyslam from a 99-pounder named Taylor Swift, Google has just rolled out “Play Music,” which will offer a free, ad-supported streaming music service. Combined with their “All Access” subscription product released in May, Google appears positioned to crush both Spotify and Apple Music.

REUTERS/PETAR KUJUNDZIC

China Debt-Bomb Fuse is Burning

Buried under “crippling local government and corporate debt”, the Red Dragon’s current debt restructuring plan amounts to “little more than creative financial-engineering.” Lombard believes that China still has the ability address the nation’s debt-bomb, but the fuse is now burning.

AP

Apple Products: Without Steve Jobs, The Thrill is Gone  

Apple just announced that iPhone and iPad users of its upcoming iOS 9 operating system will get a disruptive new app by the name: “News.” With the Apple Watch slumping fast, Taylor Swift torpedoing Apple Music, and the “News” looking like a “wanna-be” New York Times, the first three post-Steve Jobs era products seem to indicate in the words of the immortal BB King that for Apple, “The Thrill is Gone.”

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