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☆ It’s official: Silicon Valley’s entire business model is a scam
▼ + stars: | 2023-07-18 | by ( Adam Rogers | ) www.businessinsider.com time to read: +13 min

The problem is, conservative economists at the University of Chicago have spent the past 50 years insisting that under capitalism, predatory pricing is not a thing. Predatory companies could never recoup their losses, which meant predatory behaviors are irrational. Lots of economists have come up with solid counter-counterarguments to the Chicago School's skepticism about predatory pricing. A company that engages in predatory pricing and its late-stage investors might not recoup, but the venture investors do. "If people in Silicon Valley start thinking about this as a predatory pricing scam, then I think the late-stage investors will start asking questions."

Persons: Matt Wansley, Wansley, we're, Uber, Cardozo, Sam Weinstein, gobs, you've, —, Brooke, Spencer Waller, Matsushita, Weinstein —, Justice Department —, it's, Weinstein, Matt, that's, Will Uber, Waller, David, Maurer, they've, Adam Rogers Organizations: Lyft, Big Tech, Cardozo School of Law, Justice Department, University of Chicago, Chicago School, Supreme, Matsushita Electric Industry Co, Zenith Radio Corp, Brooke Group, Brown & Williamson Tobacco Corp, United, Loyola's School of Law, Venture, Matsushita, VCs, Chicago, Loyola, pharma, aha, Wansley Locations: United States, Chicago, Silicon Valley, Silicon

☆ Trump ignored his legal team's advice to settle the classified documents case. Instead, he listened to a conservative activist.
▼ + stars: | 2023-06-15 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +2 min

Trump reportedly rejected his legal team's proposal to try to settle the classified documents case. He instead took the advice of a conservative activist who urged him to fight, The Washington Post reported. However, Trump dismissed that strategy, and Kise never approached prosecutors, three people briefed on the matter told The Washington Post. Fitton was blamed by several Trump advisors for convincing the former president that he could hold on to the classified documents, according to The Washington Post. Trump pleaded not guilty in Miami federal court on Tuesday to the Justice Department's 37-count indictment against him.

Persons: Trump, Department's, —, Donald Trump, Justice Department —, Christopher Kise, General Merrick Garland, Kise, Tom Fitton, Fitton, filet mignon Organizations: Washington Post, Service, Justice Department, Trump's Mar, Judicial, The Washington Post, Trump, The Washington, Wednesday Locations: Lago, Palm Beach , Florida, Miami

☆ Donald Trump Scrambles to Assemble a Legal Team
▼ + stars: | 2023-06-12 | by ( Matthew Cullen | ) www.nytimes.com time to read: +1 min

Trump fights charges with politicsDonald Trump, who last week became the first former president to face federal charges, arrived in Florida before his scheduled first appearance tomorrow in federal court on criminal charges of mishandling sensitive national security documents and seeking to thwart the government’s efforts to reclaim them. My colleagues reported that Trump is planning to spend tonight at his Doral resort in Miami, where he and his legal team will conduct last-minute interviews with lawyers to represent him in the case. (One of his current attorneys could be a key witness.) His defense against the federal prosecution, which is likely to play out during his campaign for president, is likely to focus more on the politics of charging a former president than on the facts of the case. It is unclear, in the end, what a jury of Floridians will make of it all; even some reliable Republicans there have complicated feelings about the former president.

Persons: Trump, Donald Trump, Justice Department —, Floridians Organizations: Justice Department Locations: Florida, Doral, Miami

The North Lawn of the White House in Washington, DC, on November 18, 2022. Mandel Ngan/AFP/Getty Images/FileThe White House is declining to comment on reports that former President Donald Trump has been indicted. Biden upheld that very notion earlier on Thursday when he was asked what he would tell Americans to convince them that they should trust the independence and fairness of the Justice Department. “Because you’ll notice, I have never once, not one single time, suggested to the Justice Department what they should do or not do on whether to bring any charges or not bring any charges. I’m honest,” Biden said.

Persons: Mandel Ngan, Donald Trump, Ian Sams, Justice Department —, “, Joe Biden, Biden, ” Biden Organizations: White, Getty, Justice Department, Department of Justice Locations: Washington ,, AFP

☆ Michael Cohen predicts 'liar' Trump won't testify as Manhattan hush-money indictment looms
▼ + stars: | 2023-03-10 | by ( El Calabrese | Laura Italiano | ) www.businessinsider.com time to read: +4 min

Cohen took a shot at 'liar' Trump before meeting Friday with Manhattan 'hush-money' prosecutors. "It's another thing to turn around and lie before a grand jury," Cohen said. "Donald Trump, as a private citizen, right before the election, directed Michael Cohen to pay hush money that Michael Cohen went to prison for," Davis said. "Now there's no dispute that it was Donald Trump's Justice Department that wrote that in a sentencing memo and in their information filed against Michael Cohen," Davis said. "So if he directed Michael Cohen to do a crime, according to his Justice Department — go look it up it's a public document — then how is it possible that he's not guilty, if he directed Michael Cohen to pay the hush money."

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