TYSON HAS LONG BEEN IDENTIFED WITH THE DEMOCRAT PARTY FOR OBVIOUS REASONS.
Tyson Foods Faces Boycott After Firing 1,200 Americans, ‘Would Like to Employ’ 42,000 Migrants - AND BIDEN - MAYORKAS - SCHUMER HAVE USHERED OVER THE BORDER 15 MILLION TO PICK FROM.
Jeff Bezos is stepping down from his position as chief executive of Amazon.
The company said Tuesday afternoon that Bezos “will transition to the role of Executive Chair in the third quarter of 2021 and Andy Jassy will become Chief Executive Officer at that time.”
“Amazon is what it is because of invention. We do crazy things together and then make them normal,” Bezos sound in the company’s announcement.
Bezos continued:
“If you do it right, a few years after a surprising invention, the new thing has become normal. People yawn. That yawn is the greatest compliment an inventor can receive. When you look at our financial results, what you’re actually seeing are the long-run cumulative results of invention. Right now I see Amazon at its most inventive ever, making it an optimal time for this transition.”
Bezos founded Amazon in 1994 as an online bookseller. The company went public in 1997 at $18 a share with a market capitalization of $438 million. On the first day of trading, shares climbed as high as $30 and closed at $23.50. Last year, the company’s market cap passed $1 trillion for the first time and it is now worth $1.7 trillion. Ten thousand dollars invested in the company in 1997 would be worth around $16.8 million today.
That rise, however, did not come smoothly. In those early years, the company’s shares gyrated wildly. At the height of the dot com bubble of the late 1990s, Amazon’s shares rose to $100 a share. Just two years late, in 2001, they fell to $5.51 a share and some were predicting the company would run out of cash.
‘We are not profitable,” Bezos said in 1997. ”We could be. It would be the easiest thing in the world to be profitable. It would also be the dumbest. We are taking what might be profits and reinvesting them in the future of the business. It would literally be the stupidest decision any management team could make to make Amazon.com profitable right now.”
Many Wall Street analysts were skeptical that the company could expand its business beyond books and one analyst predicted it was at risk of failing altogether.
In June of 2000, a 29-year old bond analyst at Lehman Brothers named Ravi Suria issued a report saying Amazon shows the “financial characteristics that have driven innumerable retailers to disaster throughout history.” The share price fell 20 percent on the day the report was released. (An aside: Suria’s career didn’t suffer from this doomsaying. In fact, he was widely celebrated in the press, admired on Wall Street as prescient, and hailed as an “All Star” analyst by Fortune magazine. One year later, he was hired away by Stanley Druckenmiller of Duquesne Capital Management—who had recently left George Soros’ Quantum Fund after taking large losses in tech stocks—where Suria managed a multibillion-dollar investment portfolio. In 2008, he founded his own hedge fund, Valmiki Capital, which is still going.)
”Look, they’ve shown us that the book business can be a very nice, profitable business online,” Mark J. Rowen, a senior Internet analyst at Prudential Securities, told the New York Times in 2002. ”The only problem is the book, video, music market is limited, and ultimately if Amazon is going to justify its market capitalization, it is going to have to show that other categories are viable on the Internet. So far, they have not shown that sales of other merchandise can grow rapidly and be profitable.”
That summer, Amazon turned in its first profitable quarter, earning $5 million after having lost $2.8 billion since its founding.
Jassy joined the company in 1997. In 2003, he launched Amazon’s highly successful Amazon Web Services unit, which he currently heads. Just over half of Amazon’s operating income can be attributed to AWS.
The announcement came with the company’s release of fourth quarter results. The company beat Wall Street’s estimates on both sales and profits, with $7.2 billion in net income on revenue of $125.6 billion.
California Gov. Gavin Newsom’s approval rating has collapsed in the Golden State, falling from two-thirds in September to 46% now, according to a new poll reported by Politico on Tuesday.
Gov. Gavin Newsom’s approval rating has plummeted as the public sours on his pandemic management, according to a new Berkeley Institute of Governmental Studies poll that underscores the viability of a campaign to recall Newsom.
The poll found that just 46 percent of California voters approve of Newsom’s job performance — a sharp decline from the two-thirds who backed him in a September IGS poll. His declining standing tracked with growing public disaffection over Newsom’s handling of the coronavirus: the share of voters who said he is doing an excellent or good job dropped from roughly half in September to about a third, while those who faulted him for doing a poor job leaped from 28 percent to 43 percent.
Fiscally, California is in good shape, with Newsom announcing earlier this year that the state expects a $15 billion surplus.
However, he has faced several recent controversies, including his participation in a dinner at the elite French Laundry restaurant while much of the state was under coronavirus restrictions, and electricity blackouts in the midst of a heat wave.
A recall effort is currently under way, with organizers claiming to have gathered some 80% of the 1.5 million signatures necessary by March 17 to put a recall on the ballot. Both Democrats and Republicans have begun jumping into the race to replace him, with former San Diego Mayor Kevin Faulconer, a moderate Republican, formally entering the race this week.
Joel B. Pollak is Senior Editor-at-Large at Breitbart News and the host of Breitbart News Sunday on Sirius XM Patriot on Sunday evenings from 7 p.m. to 10 p.m. ET (4 p.m. to 7 p.m. PT). His newest e-book is How Not to Be a Sh!thole Country: Lessons from South Africa. His recent book, RED NOVEMBER, tells the story of the 2020 Democratic presidential primary from a conservative perspective. He is a winner of the 2018 Robert Novak Journalism Alumni Fellowship. Follow him on Twitter at @joelpollak.
Man arrested in killing of 5 children, 1 adult in Oklahoma
Updated
MUSKOGEE, Okla. (AP) — Six people, including five young children, were shot to death early Tuesday at a home in Oklahoma, and a 25-year-old man suspected in the killings was taken into custody, police said.
Officers responded about 1:30 a.m. to a call of multiple people shot at a home in Muskogee, Police Officer Lynn Hamlin said.
Authorities found one man and four children dead at the scene, and a fifth child died at a Tulsa hospital, Hamlin said. Officers also encountered Jarron Deajon Pridgeon with a gun and took him into custody.
A woman who was shot and wounded was in stable condition Tuesday afternoon, Hamlin said.
Authorities have not released the victims' names.
Hamlin described the slain youths as “small children” but said police do not yet have their exact ages. She said authorities don't know a motive but do not believe any other suspects are involved.
Hamlin said the suspect and victims all lived in the home, but that the exact nature of their relationships had not been determined.
“It was not random obviously because they all did live in this home together, but as far as what all those relationships look like, we just don't know that yet," Hamlin said.
She said Pridgeon was not cooperating with investigators.
Jail records do not list an attorney who could speak on Pridgeon's behalf.
Muskogee is a city of just under 40,000 people about 45 miles (70 kilometers) southeast of Tulsa.
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This story has been corrected to show the suspect’s first name is Jarron, not Jarrod.
President Joe Biden will sign three migration-related Executive Orders on Tuesday, including one directing deputies to consider offering legal entry to illegal immigrants who used their children to cross the border during President Donald Trump’s tenure, say press reports.
The Washington Postreported statements made by officials to selected reporters Monday evening:
Government officials said they had not settled on a single legal status that would be given to returning parents, adding that families could receive different visas or legal protections depending on their cases.
The briefing was used to frame media coverage of the three orders that Biden will sign Tuesday. The New York Timesoutlined:
Officials said that could include providing visas or other legal means of entry to parents who have been deported back to their home countries. Or it could involve sending children who are living in the United States back to those countries to be with their parents. They said each case would be looked at separately.
“The official said each family would be evaluated on an ‘individual basis,’ taking into account the ‘preference of the family … and the well-being of children,'” according to NBC.
The giveaway is aimed at the roughly 5,500 families who were temporarily divided when the children who were brought over the border were held in shelters. At the same time, the adults were separated and prosecuted for violating the nation’s border laws.
Democrats used the “separated kids” theme to rally liberal opposition to President Donald Trump’s efforts to block southern migration, which included almost one million people in 2019. That migrant wave included many people who brought their children to help them open catch and release loopholes in border rules.
Biden’s offer of benefits for “separated families” is being played up by sympathetic reporters at many outlets and helps to minimize discussion about the broader impact of the pending Executive Orders.
The White House officials downplayed the immediate consequences of the three Executive Orders. The New York Timessaid:
Senior administration officials said Monday night that most of Mr. Biden’s directives on Tuesday would not make immediate changes. Rather, they are intended to give officials at the Department of Homeland Security, the Justice Department and the State Department time to evaluate how best to undo the policies.
The executive actions make clear that rolling back former President Donald Trump’s hardline immigration measures won’t happen overnight. In fact, more actions are almost certain to follow, officials told reporters on a preview call about the measures.
“It takes time to review everything, so we are starting with these right now, but that doesn’t mean it’s the end of it,” one of the officials said.
But the orders could have a dramatic impact over the next few years.
For example, one order directs the Department of Homeland Security to remove barriers to migration, such as Trump’s “Public Charge” test. The test bars green cards to poor migrants who would need government support to prosper in the United States.
Another order directs officials to create a new pipeline of migrants from Central America to Americans’ workplaces and communities.
Also, the offer of benefits to people who brought their children to get through loopholes creates another incentive for millions of poor people to bring their children as they head north to get jobs — or even legal status — under Biden’s looser policies.
Those policies would further encourage low-skill migration that would spike workplace competition for blue-collar Americans and boosting government aid for poor migrants. That migration would benefit investors, who gain from cheap workers, reduced need for automation, and greater government spending.
The media reports downplayed Biden’s encouragement of migration with the claimed goal of raising economic incentives for migrants to stay in their home countries.
Unlike Trump and his pro-American policies, Biden and his deputies are determined to share Americans’ resources with foreign migrants on the claims of “fairness” and “humanity.”
“President Biden’s approach is to deal with immigration comprehensively, fairly, and humanely,” CNN reported.
NYTimes revives old claim: Americans should get the blame for illegal migration b/c they won't OK endless migration into their national labor market. This claim is elite BS – and is proven wrong by 1990 immig law. But Biden, GW Bush & WSJ also push it.https://t.co/YCo40wcUHX
House Republican Whip Steve Scalise (R-LA) said in a statement Tuesday that President Joe Biden handing out vaccines to illegal immigrants before U.S. citizens should be considered a “slap in the face” to millions of Americans waiting for the coronavirus vaccine.
Scalise, the ranking member of the Select Committee on the Coronavirus Crisis, released a statement after Biden’s Department of Homeland Security (DHS) announced Monday that the agency would provide “equal access to the COVID-19 vaccines” for “undocumented immigrants.”
“It is a moral and public health imperative to ensure that all individuals residing in the United States have access to the vaccine. DHS encourages all individuals, regardless of immigration status, to receive the COVID-19 vaccine once eligible under local distribution guidelines,” the DHS explained in a statement Monday.
DHS continued:
To reach underserved and rural communities, the Federal Emergency Management Agency (FEMA), in collaboration with federal partners, will coordinate efforts to establish and support fixed facilities, pop-up or temporary vaccination sites, and mobile vaccination clinics. U.S. Immigration and Customs Enforcement (ICE) and U.S. Customs and Border Protection will not conduct enforcement operations at or near vaccine distribution sites or clinics. Consistent with ICE’s long-standing sensitive locations policy, ICE does not and will not carry out enforcement operations at or near health care facilities, such as hospitals, doctors’ offices, accredited health clinics, and emergent or urgent care facilities, except in the most extraordinary of circumstances.
Scalise said that this move amounts to a slap in the face for Americans waiting to get the vaccine.
He said:
President Biden’s plan to vaccinate illegal immigrants ahead of Americans who are currently being denied the COVID-19 vaccine is a slap in the face to millions of hard-working families who have been waiting months for the vaccine and expect Washington leaders to be looking out for them. This pattern of President Biden putting non-citizens ahead of American citizens is even more disturbing after last week’s actions that put foreign jobs over American jobs; now he is making Americans wait to get the vaccine behind people who came here illegally. Even worse, this comes on top of the recent exposure of the Biden administration’s original plan to prioritize vaccinating terrorists at Guantanamo Bay over Americans here at home. It is time that President Biden puts Americans first when it comes to protecting the hard-working families who are counting on Washington to put them first.
“President Biden must abandon this ridiculous plan and instead focus on getting the elderly, the vulnerable, frontline workers, and other essential Americans vaccinated as quickly as possible,” Scalise added.
Sean Moran is a congressional reporter for Breitbart News. Follow him on Twitter @SeanMoran3.