It was not the U.S. Government. It was not an American state government. Rather it was the Australian Parliament that on Thursday 2.25.2021 passed “the world’s first” payment law to news producers to be imposed the tech titans Google and Facebook.
When Ed Curtain talks about “Surveillance Valley” he is referring to the tech titans (programming note: watch for a special report soon). Google and Facebook resisted the passage of the Aussie law, just as they have efforts in the United States to limit their power or make them pay something for news content that others are generating. As MHProNews has periodically reported, as the News Media Alliance in our nation has been trying to get something similar accomplished for years.
So far, nada.
Per Newsmax which cited Thompson Reuters, “Australia’s parliament passed a law on Thursday to make Alphabet Inc.’s Google and Facebook Inc. pay media companies for content on their platforms in reforms that countries such as Britain and Canada are looking to replicate.”
“After…Facebook blocked all news content in the 13th-largest economy, the vote makes Australia the first nation where a government arbitrator can set the price tech giants pay domestic media if private talks fail.” Put differently, Facebook tried heavy-handed tactics that failed. “Facebook’s news ban…also blacked out many nonprofit and government pages, including those of public health agencies promoting reliable information about COVID-19.” It was lifted the following day.
“The code will ensure news media businesses are fairly remunerated for the content they generate, helping to sustain public interest journalism,” Treasurer Josh Frydenberg and Communications Minister Paul Fletcher said in a joint statement.
The new law establishes a dispute-handling process should negotiations between Google Facebook and media companies fail. Newsmax says “Its progress will be closely watched globally.”
“For months Facebook and Google threatened to pull core services from Australia if the law took effect. But in the days before the vote, and before Facebook blocked news, Google struck some deals with publishers News Corp.” News Corp is the parent to Fox News in the U.S., but also Sky News in Australia.
European countries have been periodically fining big tech in their own wrestling match with the American-based giants. In the U.S. antitrust actions at the state and federal level are underway. But how long those may drag out is a serious question.
Both Facebook, Google, and Mark Zuckerberg’s donations to the Center For Tech and Civic Life (CFTL) have been credibly accused of interfering in the 2020 election in the U.S. Several other nations have taken note, and are exploring ways to limit their power in their own countries.
That makes a useful transition point to tonight’s featured focus. The 45th, President Donald J. Trump, will address CPAC – Conservative Political Action Conference – on Sunday. CPAC is considered perhaps the most important conservative gathering of its type. Speculation is rampant about what the President Trump may say or announced.
For our growing numbers of new readers, as well as a reminder to those returning daily, a few quick evening/nightly market report insights.
- Every business evening, MHProNews provides a bullet list of left-right news headlines from CNN and in a matter of moments, savvy professionals can see at a glance news headlines and views across the political spectrum.
- This is a time saving and insightful way to quickly grab insights from across the left-right divide for those who are hooked on this market-nightly feature.
- Our featured focus follows the quotable quotes, periodic political cartoons, those left-right headlines, and two of our three market summary graphics as reported at the closing bell.
- After the featured focus, are some recent/related report links and the third manufactured housing focused stock equities graphic. There are some additional items that include the free signup for the manufactured housing industry’s x2 weekly emailed news to the most-read trade publication in our profession:
On a day that saw most manufactured home connected equities fall today, let’s press ahead toward our other business-nightly features and tonight’s focus on the President Trump’s first major address this weekend. It is bound to draw a national audience.
Quotes That Shed Light – Industry, American, Social, National Issues
Headlines from left-of-center CNN
- Manic markets are back
- People walk by the New York Stock Exchange (NYSE) in the Financial District in Manhattan in New York City on Feb. 16, 2021.
- Dow slides more than 500 points as bond yields climb as inflation fears grow
- This change could help keep the GameStop fiasco from happening again
- Costco hikes its minimum wage to $16, beating Amazon and Target
- How to make sense of the minimum wage debate
- Best Buy just laid off 5,000 workers and will close more stores
- Victoria’s Secret is closing up to 50 more stores this year
- Apple mini stores are coming to some Targets
- Pepsi launches a booze mixer for the at-home cocktail set
- Hyundai’s recall of 82,000 electric cars may be most expensive in history
- What happened when one company switched to a four-day workweek
- Mortgage rates are climbing. Don’t panic
- Housing market concerns begin to emerge
- Australia passes new law requiring Facebook and Google to pay for news
- The worldwide web as we know it may be ending
- This photo provided by Hasbro shows the new Potato Head world. Potato Head is no longer a mister. Hasbro, the company that makes the potato-shaped plastic toy, is giving the spud a gender neutral new name: Potato Head. The change will appear on boxes this year.
- and Mrs. Potato Head are going gender neutral
- Thasunda Duckett, chief executive officer of consumer banking at JPMorgan Chase & Co., attends the Fortune’s Most Powerful Women conference in Dana Point, California, U.S., on Tuesday, October 2, 2018. The conference brings together leading women in business, government, philanthropy, education and the arts for conversations to inspire and deliver advice.
- Thasunda Brown Duckett to helm TIAA, the second Black woman to be named Fortune 500 CEO this year
- Zillow will now make cash offers for homes based on its ‘Zestimates’
Headlines from right-of-center Newsmax
- Australia Passes Media Law Requiring Google, Facebook to Pay for News
- The Biden Presidency
- Grover Norquist: Biden’s Tax Hike Plans Moving in Wrong Direction
- Lee: ‘Weird’ That Dems Want to Remove Biden Sole Control of Nuclear Football
- Psaki: White House ‘Fighting’ for Tanden
- House Republicans Warn of ‘Danger’ if Trump Immigration Order Scrapped
- Grassley to Oppose Tanden’s Nomination as Budget Chief
- Former Michigan Gov. Granholm Confirmed as Energy Secretary
- VP Harris Urges Black Community to Get COVID Vaccines
- Police Chief Says Extremists Want to ‘Blow Up’ Capitol During Biden Speech
- Extremists could be planning yet another attack on the U.S. Capitol – this time targeting President Joe Biden’s first official address to Congress…
- Graham Urges Dems to ‘Think Long and Hard’ About Minimum Wage Increase
- Real-World Study: Pfizer Vaccine 94% Effective
- A study of over half a million inoculated people found that two doses
- WHO Urges Actions for ‘Long COVID’ Sufferers
- Fauci: ‘Good News’ Expected on Johnson & Johnson Vaccine
- Pfizer-BioNTech Testing COVID-19 Vaccine Booster
- COVID-19 Vaccines Block Disease, but Do They Stop Infection?
- Backlogged Cases Push California COVID-19 Deaths Past 50,000
- China Denies Subjecting US Diplomats to COVID-19 Anal Tests
- How China Will Take Advantage of Biden
- President Joe Bidens plan to rethink the United States approach
- Psaki: White House ‘Fighting’ for Tanden
- California to Hold Newsom Recall Vote This Fall Says Movement Leader
- Newsmax TV’s ‘Spicer & Co.’ Investigates Christian Persecution
- More Than 5 Million Newsmax App Downloads!
- Newsmax continues to break records this week as our popular TV app
- Newsmax TV Now Available on VIZIO SmartCast TVs
- Mexican Elites Traveling to US to Get COVID Shot
- Chief: Capitol Assault Much Bigger Than Intel Suggested
- The acting U.S. Capitol Police chief was pressed to explain Thursday
- NY Prosecutor Now Has Trump’s Tax Returns
- Turley: New ‘Red Scare’ Shutting Down Conservative Voices in Media
- George Washington University law professor Jonathan Turley
- In Letter, Newsmax CEO Ruddy Calls Out House Dems’ ‘Misinformation’
- Lindsey Graham to Newsmax TV: Liberals’ Censorship Will Fail
- McMorris Rodgers to Newsmax TV: Dems Make ‘Direct Attack’ on First Amendment
- McCarthy Condemns Dem Effort to De-Platform Newsmax, Fox, OANN
- Va. Attorney General Morrissey: Cable Providers Who Censor News Face Legal Action
- Media Institute Hits Democrats for ‘Chilling Speech, Intimidating Distributors’
- 13 House Republicans Urge FCC Chair to Back Free Speech Against Censorship
- CPAC Chair Schlapp: Trump Knows Speech Is ‘Important Reset’
- Former President Donald Trump, who will mark his first public
Market Indicator Closing Summaries – Yahoo Finance Closing Tickers on MHProNews…
Featured Focus –
Where Business, Politics and Investing Can Meet
“I wish people would use the right terminology,” said best-selling David Horowitz. “Democrats are fascists.” He added that “Republicans are too damn polite.” That is the voice of a Trump-supporter.
On the CPAC website is this common refrain from the Trump rallies in recent years.
“We will make America strong again. We will make America proud again. We will make America safe again. And we will Make America Great Again!”
– President Donald J. Trump
CSPAN and others will be carrying the address to the Conservative Political Action Conference (CPAC) in Orlando, Florida.
CSPAN says you can “Watch Live on February 28 | 3:30PM ET.” The speculation on what will be covered, his possible plans for a future in politics, backing “MAGA” candidates. There is no hint that President Trump will invoke an intent to seek a writ of Quo Warranto.
How he will refer to himself or the Biden-Harris team is one of several points that will be worth noting.
Pro-Trump surrogates have faced an array of legal actions for claiming election fraud that involved Dominion Voting Systems, one of several sources that were blamed for the election outcome.
Related, Recent, and ‘Read-Hot’ Reports
Manufactured Housing Industry Investments Connected Closing Equities Tickers
Some of these firms invest in manufactured housing, or are otherwise connected, but may do other forms of investing or business activities too.
- NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services, a manufactured home industry lender
- NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).
- NOTE: Deer Valley was largely taken private, say company insiders in a message to MHProNews on 12.15.2020, but there are still some outstanding shares of the stock from the days when it was a publicly traded firm. Thus, there is still periodic activity on DVLY.
Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.
· LCI Industries, Patrick, UFPI, and LP each are suppliers to the manufactured housing industry, among others.
· AMG, CG, and TAVFX have investments in manufactured housing related businesses. For insights from third-parties and clients about our publisher, click here.
Enjoy these ‘blast from the past’ comments.
MHProNews. MHProNews – previously a.k.a. MHMSM.com – has celebrated our 11th year of publishing, and is starting our 12the year of serving the industry as the runaway most-read trade media.
Sample Kudos over the years…
It is now 11+ years and counting…and Williams, who praised our accuracy and other services to manufactured housing for years, then said this.
Learn more about our evolutionary journey as the industry’s leading trade media, at the report linked below.
· For expert manufactured housing business development or other professional services, click here.
· To sign up in seconds for our industry leading emailed headline news updates, click here.
Disclosure. MHProNews holds no positions in the stocks in this report.
That’s a wrap on this installment of “News Through the Lens of Manufactured Homes and Factory-Built Housing” © where “We Provide, You Decide.” © (Affordable housing, manufactured homes, stock, investing, data, metrics, reports, fact-checks, analysis, and commentary. Third-party images or content are provided under fair use guidelines for media.) (See Related Reports, further below. Text/image boxes often are hot-linked to other reports that can be access by clicking on them.)
By L.A. “Tony” Kovach – for MHLivingNews.com.
Tony earned a journalism scholarship and earned numerous awards in history and in manufactured housing. For example, he earned the prestigious Lottinville Award in history from the University of Oklahoma, where he studied history and business management. He’s a managing member and co-founder of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com. This article reflects the LLC’s and/or the writer’s position, and may or may not reflect the views of sponsors or supporters.