If you haven’t been following McDonalds you should be. Let’s take a look at that Big Maccer, shall we?As you can see, McDonalds stock price has been steadily inching higher and higher though the revenue has not been cooperating. Hello, America!
France has imposed/threatened a “digital services tax” on the likes of Amazon, Apple, Facebook, and Google — all American companies.
The tax is 3% of gross revenues from digital services earned in France, but only for companies with more than 25MM Euros in French revenue and 750MM Euros in worldwide gross revenue. The tax money goes to France.
When you work through the math it puts a bullseye on Amazon, Apple, Facebook, and Google while giving a pass to many European companies who collectively are just as big as these digital behemoths. This is not an accident.
This tax was discussed for some time period, but its enactment caught a lot of folks by surprise. One who was not caught by surprise was President Donald J Trump.
President Trump had spoken to the French President Emmanuel Macron cautioning him that such a tax would be met with an American response.
President Trump, in his inimitable fashion said, “Don’t do it because if you do it, I’m going to tax your wine.” Macron blew him off. French wine is a huge industry.
The French Finance Minister, Bruno Le Maire, sniffing at the ruffian DJ Trump, suggested that taxes and tariffs were completely unrelated. Good luck with that, Bruno.
Taxes and tariffs are core elements of trade while technology, digital services are a critical element of American commerce.
Austin. When you hear that word, you want to be here. You want Barton Springs, the music scene, the Texas Longhorns, the food scene, the local beers, breakfast tacos, and you want the high tech scene.
Here it is. Barton Springs, at 68F, is natural air conditioning on the hottest day in Austin.
Main Barton Spring (“Parthhena, the “mother spring”) — the 4th largest spring in Texas — and its sisters generate more than 32MM cubic feet per day of Edwards Aquifer water. Highest flow rate ever recorded was 85MM CFS during the infamous 1991 floods. In times of drought, the flow rate may be lower. All water from the Edwards is rain water.
While Barton Springs is cold and refreshing, while the Austin tech scene is hot and exciting. The following chart is the work of crunchbase news and its Austin author, Mary Ann Azevedo. She writes about Austin and lives in Austin.
It is hard to explain and embrace how well Austin By God Texas is doing as it relates to its tech sector. I will give it a try.
First, Austin did NOT get the Amazon HQ2 project. Neither did New York City, so I guess that’s some solace.
Big Red Car here on a lovely, sunny, mild Texas day. Ahhh, on Earth as it is in Texas.
So, the tech world loves the word “diversity.” Diversity is the inclusion in a community of individuals representing multiple viewpoints based on gender, ethnicity, national origin, age, sexual orientation, religion, socioeconomic status, politics, and philosophy. Whew! [There may be more. I didn’t mention pets. There is a world of tension between cat people and dog people. I will ignore that for now.]
The tech world has done a good job of “talking the talk” as it relates to gender, sexual orientation, and ethnicity/national origin. This is the self-congratulatory view of tech when they get to hold the mirror up to themselves.
Much of what tech applauds itself for is very much a work in progress. On the issue of gender, as an example, there are still VC firms which have a single female partner who has been there for half an hour. One of my pet peeves is the VC firm who preaches diversity, virtue signals its wholesale support, and who has not a single woman in its partners pic. Come on. Stop being such hypocrites.
Some would say that tech has failed miserably embracing diversity amongst age, religion, politics, and philosophy. God, they are like a gulag when it comes to age discrimination. The old folks are sent to Siberia.