Eduardo Saverin, the co-founder of the social network and Facebook Inc., stands accused of violating the social contract — the idea that government is based on an agreement among its citizens to ensure mutual protection of person and property.
by Andrea Shea KingEmail | Archive
Andrea Shea King is a talk-radio host who also writes at The Radio Patriot website and is known as Central Florida’s “First Lady of Space Coast Conservatism.”More ↓
They’re kidding, right?
India wants to set up a system whereby the United Nations would rule the Internet.
The Internet is governed by “a voluntary, multi-stakeholder group called ICANN or Internet Corporation for Assigned Names and Numbers.” This group, headquartered in California, ensures that the Internet is free and mostly decentralized. ICANN has a Government Advisory Council (GAC), and invites governments across the world, including India, to participate.
But that is not good enough for India, which wants to set up a different system wherein the United Nations would rule the Internet.
The details of this effort are alarming. Be sure to click this link, read the piece, and let your congressional reps know what you think.
In neighboring Pakistan, the Ministry of Information Technology blocked access to Twitter for what it says was “blasphemous material posted by users” on the social networking site. Another official said “the ban would be lifted after ongoing discussions between the Pakistan government and Twitter about the allegedly blasphemous material are resolved,” according to a Reuters report. The ban was subsequently lifted after several hours.
Facebook IPO: Hope and optimism?
Prison Planet.com » Schumer Introduces Ex-PATRIOT Act: Will Banish Those Who Renounce US Citizenship
What comes after Banana Republic? Because America is it – after last week Facebook co-founder, and native Brazilian, Eduardo Saverin announced he would denounce his US citizenship, America has decided to make it virtually illegal to denounce one’s citizenship in what can only be classified as the dumbest proposed law in recent history:
meet the Ex-PATRIOT Act Expatriation Prevention by Abolishing Tax-Related Incentives for Offshore Tenancy proposed by Chick Schumer and Bob Casey.
One wonders just how much taxpayer money was spent to pay naming consultants to come up with this witty acronym for a law that can only be classified as utter idiocy. Here is our suggestion for the follow up law: The “GULAG” Act: Get Ur Laughable Asses Gone although we are open to any other non-taxpayer funded acronym suggestions.From ABC: Sen. Chuck Schumer, D-N.Y., has a status update for Facebook co-founder Eduardo Saverin: Stop attempting to dodge your taxes by renouncing your U.S. citizenship or never come to back to the U.S. again. In September 2011, Saverin…………
Billionaire Facebook cofounder Eduardo Saverin is renouncing his citizenship ahead of the company’s IPO at the end of next week.
Saverin is the cofounder who got booted from the company WAY back in 2005. They made a movie about it.
His 4 percent stake is worth about $4 billion and he’s going to save a boatload on taxes with the move.
Singapore, where Saverin lives, does not have a capital gains tax.
He will have to pay an exit tax on his holdings, but it will be at Facebook’s valuation now, not after the IPO.
Media reports suggest that Facebook will file for an IPO this week that could value the company at $100 billion – and leave the company sitting on $10 billion in cash. I’m not a financial analyst, so I’ll leave it to Wall Street to discuss and debate that valuation. But the fact is this newfound wealth could not only allow Facebook to solve its biggest business challenges, it could also help Facebook finally achieve its longstanding goal to change how marketing works. So how should Facebook use its IPO windfall? ~ Nate Elliott’s Blog
Dominant Social Theme: This Facebook IPO is very exciting and shows that young people can create incredible value in a short period of time. Mark Zuckerberg is a genius.
BOOK REVIEW: ‘Throw Them All Out’
washingtontimes ^ | November 22, 2011 | W. James Antle III
Posted on Friday, November 25, 2011 7:06:46 AM by MontaniSemperLiberi
Three years ago, then-House Speaker Nancy Pelosi and her husband, Paul, made Hillary Rodham Clinton’s success with cattle futures look like a child’s lemonade stand. The credit card giant Visa was holding an initial public offering, among the most lucrative ever seen. The Pelosis were granted early access to the IPO as “special customers” who received their shares at the opening price, $44. The lucky investors turned in a 50 percent profit in just two days.
Starting on March 18, the speaker and her husband made the first of three Visa stock buys, totaling between $1 million and $5 million. “Mere mortals would have to wait until March 19, when the stock would be publicly traded, to get their shares,” writes Peter Schweizer of the Hoover Institution in his new book. On the surface, it appeared to be quite a gamble. Mr. Schweizer reports that the investment represented at least 10 percent of the Pelosis’ stock portfolio and perhaps as much as half of their equity holdings.
Pelosi Leads List Of Conflict Of Interest Dems
IBD Editorials ^ | November 17, 2011 | Editor
Posted on Thursday, November 17, 2011 7:26:48 PM by Kaslin
Ethics: As Democrats demonize Wall Street CEOs as the “greedy” fiends of the financial crisis, they’ve lined their own pockets — both before and after the crisis. Nancy Pelosi‘s just the latest example.
After a Pelosi staffer left to lobby on behalf of credit-card giant Visa, Pelosi delayed bringing to the House floor a bill to end lucrative “swipe fees” for Visa and other credit providers.
Facebook is in talks to hire Robert Gibbs, President Obama’s former White House press secretary, for a senior role in helping to manage the company’s communications, people briefed on the negotiations said.
Facebook is seeking out Mr. Gibbs ahead of an initial public offering planned for early 2012, these people said.
(Excerpt) Read more at dealbook.nytimes.com …