The world’s largest Tech companies appear for the time together on Capitol Hill…The nation’s Gross Domestic Product plummets to historic lows….and the loss of a leader and friend.

The world’s largest Tech companies appear for the time together on Capitol Hill…The nation’s Gross Domestic Product plummets to historic lows….and the loss of a leader and friend.

Description

This week the world witnessed a rare sight – four of the world’s wealthiest men leading four of the world’s largest companies appeared before one of the world’s most deliberate bodies for an inquisition about their company’s size, impact, and influence.

It wasn’t exactly a friendly audience. Both Democrats and Republicans took their aim as each CEO took their turn in the dock. The underlying issue and real reason for this hearing? Growing pressure from all sides emerging from a distinct fear that these companies have grown so large so fast that their dominance has created a crisis of confidence in a technology market that is now forcing uncomfortable conversations about the future of the technology itself. Are they too powerful? Are they a monopoly? Should they be broken up?

The earnings reports of these four major corporations coincided with the nation’s Gross Domestic Product plunging by an historic 32.9% - the worst period ever recorded in the history of the United States.

Additionally, 1.434 Americans filed new claims for unemployment benefits last week. This marks the 19th straight week in which initial jobless claims totaled at least 1 million and the second consecutive week in which initial claims rose after declining for 15 straight weeks.

This seems to be a tale of two cities.

I first met Herman Cain in a small-town south of Atlanta. Our scheduled 15 minute meeting turned into an hour long discussion about my campaign for Congress...about the next generation...and about the future of our country...He was a mentor, and most importantly a friend.. ever since.