Manage episode 202199076 series 1165508
Our FEATURE today focuses on the sudden and reversal of public opinion adverse and hostile towards big technology companies. One Wall St Journal writer metaphorically refers to Mark Zuckerberg as Dr Frankenstein who inadvertently created a monster. Another on-line site writer calls Zuckerberg "the scum of the earth". Google which once communicated to all its' employees to "Do No Evil" did exactly that when it vigorously lobbied for the America Invents Act and created the Patent Trial & Appeal Board that cancelled thousands of existing patents. Now Congress has intervened on behalf of the inventors and small business owners with the bi-partisan support of the Stronger Patents Act that should ameliorate the problems created by the self-serving tech companies. Other topics include: The Plunge Protection Team shines again, Q4 GDP surprises, US auto prices increase, sales slow, Home prices jump in January, State & City budgets about to blow up, US interest on debt equals 8% of GDP and will triple in 8 years, When is an orange a peach?, The UN hates Israel, Fed bureaucracy costs $4 trillion per year & The Truth can kill you. "Disclaimer: This commentary is provided for informational and educational purposes only. The information, analysis and opinions expressed herein reflect our judgment as of this date and are subject to change at any time without notice. They are not intended to constitute legal, tax, securities or investment advice or a recommended course of action in any given situation. All investments carry a certain risk and there is no assurance that an investment will provide positive performance over any period of time. Information obtained from third party resources are believed to be reliable but not guaranteed. Past performance is not indicative of future results. H. L. Quist is an Investment Advisor Representative."
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