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My general theory is that every bad thing that a public company does is securities fraud.
Musk Gets Away With Mischief
bloomberg.com
Austin’s future was determined in January, 1983, when Admiral Bob Inman, recently retired from the Navy and from serving as the deputy director of the C.I.A., was selected to head a novel consortium called the Microelectronics and Computer Consortium. Japan dominated the semiconductor-manufacturing industry at the time and had announced an ambitious effort to create computers capable of generating artificial intelligence. The Reagan Administration saw this as a serious threat, and M.C.C. was the response. Twenty of America’s foremost high-tech companies—among them Microsoft, Boeing, G.E., and Lockheed—would share resources to secure America’s hold on the future. The first decision was where to locate this new entity.
The Astonishing Transformation of Austin | The New Yorker
Lawrence Wright
The first was that of the __evening papers (wanbao)__, which in the early years of the reform era were the only newspapers permitted to play to the popular consumer desires of China’s “ordinary people” (laobaixing), and for this reason were able to run highly profitable businesses through the sale of their advertising space. The second model was that of the __metropolitan papers (dushibao)__, which had to compete much harder for readership and did so by proffering bolder and more sensationalized news, while also boosting their revenues by producing and selling soft and black articles. The third model—of which The Times was a product—was that of the __high-end news platforms__ that broke away from the market for massappeal news to target a wealthier and more elite stratum of readers, and sell both conventional advertising space and soft and black articles to companies that wanted to reach this particular demographic. To better appreciate the journalists’ sense of what their newsmaking practice consisted in, it is helpful to consider each of these models more closely.
The Currency of Truth
Emily H. C. Chua
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