Zoom’s corporate tax avoidance has helped create a short-term cash bonanza for the company: Zoom ended the fourth quarter of 2020 with $4.2 billion in cash and equivalents. This prompted one analyst on the company’s fourth-quarter earnings call to ask how the company planned to spend it all, to which Zoom’s CFO and CEO responded that while they haven’t yet mapped out a strategy to deploy their newfound mountain of cash, “if any of you have any great advice how to do that” they’d love to hear it. - HOW ‘BOUT PAY YOUR TAXES
Lumber Supply Chains vs inflation from the shop floor:
CLASS WAR ON US ALREADY FOREVER: Random assignment to high-status peers raises the rates at which students join exclusive social groups on campus, but overall effects are driven entirely by large gains for private school students. In the long run, a shift from the 25th percentile of residential peer group status to the 75th percentile raises the rate at which private school students work in finance by 41% and their membership in adult social clubs by 26%. We conclude that social interactions among the educational elite mediate access to top positions in the economy and society, but may not provide a path to these positions for underrepresented groups. Differences in academic and career outcomes by high school type persist through at least the class of 1990, suggesting that this causal channel remains relevant at contemporary elite universities.
CNN AND NYT CANNOT WAIT TIL 2024 AND TRUMPS RETURN:
TV: CNN lost almost half of its primetime viewership in the key 25–54 demographic in the period between President Biden's inauguration and March 15.
Online: From January to February, unique visitors to the NYT's website dropped 17%, while the Washington Post clocked in a 26% decline over the period, per audience tracking firm ComScore.
How We Are: There are systemic lies in the West about China's Xinjiang and Hong Kong affairs. Political prejudice and moral arrogance are the hidden hands behind those lies. Washington is stuck with conspiracy and ambition to picture China as the enemy of the entire Western world. It is hoped that the EU will distance itself from Washington's extreme policies to contain China and be highly vigilant against malicious forces that want to create confrontation between the EU and China. The EU should break away from their influence and prevent its China policy from being strategically deviated.
The Sole Source of Proof of the Chinese genocide:
He is being sued: (the sanctions against China include not purchasing Uighur products so that the Uighurs starve and then have to flee Xingiang to find work lending credibility to the story that they are oppressed)