Zuckerberg’s answers at the hearing were evasive and lacked veracity. NEW YORK: Mark Zuckerberg, CEO of Facebook, faced very few tough questions during a two-day Congressional hearing recently. Instead of pretending to ask tough questions, these so-called “lawmakers” should have simply asked, “Thank you for coming here today, Mr Zuckerberg, would you like some tea and […]

In the same week that Goldman Sachs predicted Tesla stock to drop by nearly 50%, Elon Musk has promised to Power Puerto Rico. It’s very clear even to neophyte investors that Tesla’s stock is in bubble territory somewhere outside the stratosphere. Goldman cites massive cash burn, “production issues” with hundred kilowatt-hour battery packs — another […]

The Federal Reserve is not part of the federal government and it is not a bank. The Federal Reserve Board is referred to as The Board of Governors and is located in the Marriner Eccles building in Washington DC. Seven governors are appointed for 14-year terms with the chairman and vice-chairman being appointed to serve […]

Elon Musk, the billionaire entrepreneur behind electric cars and solar power solutions, space travel, and now strong ambitions of digging transportation tunnels under cities, is used to absorbing inordinate amounts of praise. What do all of Musk’s visionary companies have in common, though? None of them generate profits. His companies burn investor cash faster than […]