2021 Prediction #3: Get ready for more GameStops as hedge funds are no longer the only bullies in town

Sorry I got my puts and calls mixed-up in the e-mail version of this column. It should now be fixed. My 16 year-old copy editor says he won’t make that mistake again. — Bob

Today is my birthday. Thirty-five years ago today I was drinking coffee in my Palo Alto kitchen when the Space Shuttle Challenger exploded on TV. Thirty years ago today my father fell over, instantly dead of a heart attack while walking between gates in the American Airlines terminal at DFW. I was expecting a call, just not that one. Life is full of surprises and some of them aren’t good, as hedge funds are learning this week while their […]

2021 Prediction #1: Trump will do fine without Twitter, Instagram, and Facebook

I’m no Trumper. This prediction has nothing to do with politics and everything to do with how social media actually works. Following the U.S. Capitol riot of January 6th, President Trump was bumped from nearly all social media, even YouTube, with many of those changes subsequently made permanent. These moves led to speculation that Trump would be hobbled without his beloved accounts, his immediate impact on public discourse muted without the ability to tweet. While this may be true in the very immediate sense, it won’t last. Even Trump, the technical luddite, will figure it out and roar back shortly with or without those accounts.

This prediction is very similar in thinking to a […]

The Big Sky is Falling

The history of instrument flight (originally called blind flying) has had three distinct phases. The first began with Elmer Sperry’s Gyro Horizon in the 1920s that allowed skilled pilots to fly through clouds by showing them where was the horizon they couldn’t otherwise see. Race pilot Jimmy Doolittle used Sperry’s gyro and a precision altimeter, a gyro compass and a primitive navigation radio in 1929 to make the first flight entirely “under the hood” with takeoff, flight, and landing all without visual references. That Jimmy Doolittle was one hell of a pilot. But for the purposes of this column what I want to concentrate on is that in this first era of instrument flight the only thing Doolittle had to worry about hitting […]

The Incentive Game

My friend Bob Litan, who is a senior fellow at the Brookings Institution, is worried about COVID-19 herd immunity. Specifically, Bob worries that the only way our population can reach the 60-70 percent immunity rate required to protect us all from the novel coronavirus is if some people are paid to take the shot. And Bob may be correct: a Gallup poll last month concluded that 35 percent of Americans would refuse to be vaccinated.

Uh-oh.

Bob thinks the way around this problem is to pay people, giving them an economic incentive to do the right thing. This got me thinking about the whole concept of […]

President Trump thinks he can shut down WeChat: It won’t work

Forty-five days from now, we’re told, President Trump will shut down TikTok and WeChat.

TikTok, maybe, but WeChat? Impossible.

Everything Donald Trump understands about the Internet could fit in a thimble. He’s a reckless leader who isn’t bothered by things like, well, facts, so it shouldn’t be surprising that he expects to command WeChat into oblivion. But what will happen to his already limited Internet authority when that doesn’t work?

What Internet authority?

Trump has a chance of taking down TikTok, the short form video sharing site, because that service is dependent on advertising. He can force the app out of U.S. […]