Marxist Misdirection

Cisco Surges Most Since Dot-Com On Raised Outlook, AI-Focused Job Cuts Cisco Systems shares posted their biggest gain since the Dot-Com boom-and-bust era after the networking giant delivered third-quarter results that beat analysts' estimates. The company also announced a workforce restructuring, aligning with a broader hyperscaler playbook that cuts labor costs and redirects capital toward AI infrastructure and data-center buildouts. Cisco raised its fiscal 2026 outlook, guiding for $62.8 billion to $63 billion in revenue and $4.27 to $4.29 in adjusted EPS, while also issuing a stronger-than-expected fourth-quarter sales forecast. The catalyst...

California's 'Wealth' Tax Is Coming For Everyone Authored by Edward Ring via American Greatness, If you own property in California, you're not safe. A new ballot measure will empower the state to confiscate a percentage of the assets of any resident, even though its initial provisions don't communicate that intent. California's "One-Time Wealth Tax for State-Funded Healthcare, Education, and Food Assistance Programs Initiative," which has already qualified for the November ballot, is even worse than it appears. It's not as if appearances aren't bad enough. The explicit intent of the initiative already...

Hyatt Executive Chairman Thomas Pritzker Resigns Over Epstein Ties Authored by Tom Ozimek via The Epoch Times, Thomas J. Pritzker, the longtime executive chairman of Hyatt Hotels Corporation, announced his retirement effective immediately on Feb. 16, acknowledging what he described as “terrible judgment” in maintaining contact with convicted sex offender Jeffrey Epstein and his associate Ghislaine Maxwell. Pritzker, 75, said in a statement released by the company on Monday that he will also not stand for reelection to Hyatt’s board of directors at the company’s 2026 annual shareholder meeting. In a letter shared...