News Review Postscript

Markets & Stocks 2020 Jan 16-17: US Stocks Surge, Benchmarks Hit All-Time Highs on Trade Deals, Earnings & Data..
.ORG UPDATE: The Question ICANN is too inept or corrupt to ask & get answered: 
"How do you [Ethos Capital et al] reconcile your proposal for 10% per annum compounded price increases — doubling the price of .ORG domain names every seven (7.2) years — with the following:
"The policy for the operation of the .org registry required inter alia that (i) the registry be “operated for the benefit of the worldwide community of organizations, groups, and individuals engaged in noncommercial communication via the Internet”, (ii) responsibility for the .org administration be “delegated to a non-profit organization that has widespread support from and acts on behalf of that community”, and (iii) registry fee charged to accredited registrars be “as low as feasible consistent with the maintenance of good quality service”. The DNSO’s policy on the reassignment and administration of the .ORG registry has never been amended nor revoked." — Namecheap reconsideration p. 9 citing ICANN, Report of the Dot Org Task Force Adopted by the DNSO Names Council 17 January 2002 and accepted as guidance by the ICANN Board on 14 March 2002."

"Glad to co-chair with Jack Ma #WuzhenSummit multistakeholder advisory committee"--Fadi Chehade, ICANN President & CEO, Dec 18, 2015, at China's World Internet Conference a/k/a Wuzhen Summit, "a vehicle for the Chinese Party-state’s policy agenda."

How China Will Take Over the Internet with help from ICANN UPDATE: In re: .ORG (pdf), excerpt:
".... Under the facts presented, Ethos Capital, the Internet Society, and PIRegistry, are, in effect, asking ICANN to approve a "novation" ... If approved, not only will unlimited .ORG price increases occur, but eventually, every valuable gTLD will be owned by a state-owned, funded or controlled enterprise of China -- China will just "buy" .COM, .NET, .ORG, .WEB, etc., and thereby control the internet -- no private equity firm, and few publicly owned companies (certainly NOT Verisign), can match the financial resources of Chinese SOEs." 
"... When did ICANN overturn RFC 1591 and the continuous position of the United States, historical steward of the DNS from the time of its creation, that TLDs are global public resources, NOT the property of ICANN (successor to IANA) nor ANY registry operator .... While it may be the intent of corrupt or inept ICANN leadership, past or present, to facilitate the largest theft of global public resources in history, please cite where and when the ‘shift in positioning’ was formally approved as formal ICANN policy to negate RFC 1591 both as to new gTLDs and legacy gTLDs, and who at ICANN claims to have sanctioned it on behalf of the global internet community as being in the “global public interest.”
"The slow rot in those organizations – ICANN and ISOC [Internet Society] key among them – have been apparent for years but its clearest indication is in the fact that they have all but abandoned a commitment to transparency."--Kieren McCarthy | theregister.co.uk.
  • Further below: Editor's Letter to ICANN et al re: .ORG & Ethos Capital; Sordid Backstory of ICANN, Ethos Capital, and .ORG; Namecheap & EFF Rebuttals, and more. See also #SaveDotOrg  and Editor's comment here. Also noteOn 27 December 2019, the Number Resource Organization (NRO), acting as the Address Supporting Organization (ASO), submitted correspondence to ICANN regarding the Internet Society’s proposed transfer of ownership of PIR, the .org registry, to Ethos Capital: "... The NRO has reviewed recent events surrounding the proposal by ISOC to transfer the ownership of PIR, the .org Registry, to Ethos Capital. While we do not normally engage in policy matters related to the DNS, we consider ICANN’s handling of this proposal to be an important Internet governance decision, with bearing on the community’s trust in ICANN, and the legitimacy of the ICANN model ... the ASO seeks to inspect any ICANN records which pertain to or provide relevant insight to the process by which ICANN will consider (and potentially approve) the assignment of the .org Registry Agreement, including the process by which input from the affected community will be obtained prior to ICANN’s consideration and potential approval of the assignment.”
28 Dec 2019: Just when you think it can't get any worseICANN yet again shows itself "too corrupt or inept"-- read the particulars (pdf), excerpt:
New Year's Wish: Please, Someone, Anyone, perhaps the California State Attorney General, End ICANN's Existence.
News Review Postscript: Most Read (week ending July 6, 2019), on DomainMondo.com: 
#1 News Review | ICANN65 Recap, Regulatory Capture at ICANN "ICANN65 was a rather more dreadful ICANN meeting than usual, perhaps due to a confluence of factors demonstrating how incompetent, corrupt, and unfit ICANN is ..."

#2 Tech Review 1) Why Jony Ive Chose To Leave Apple, 2) Big Tech & Profits

#3 Android or iOS, Why Smartphones Aren't Exciting Anymore (video)

Signing off for now, thank you.

-- John Poole, Editor  Domain Mondo 

feedback & comments via twitter @DomainMondo

Nov 24, 2019 Editor's letter to ICANN Board et al (pdf) re: .ORG and the sale of Public Interest Registry (PIR) to Ethos Capital. See also my comment here: "... it is now clear the parties involved, including Ethos Capital, ISOC, and ICANN, have a complete misunderstanding of the legal principles involved, and the Internet Society is attempting to "sell" something it doesn't own, i.e., the TLD .ORG. Caveat Emptor!"
Domain Mondo: Sordid Backstory of ICANN, Ethos Capital, and .ORGSee also   #SaveDotOrg.
Nov 27, 2019: Town Hall Meeting on .ORG at IGF 2019: "... ICANN board members Becky Burr and Chris Disspain ... explained the process they go through when ownership of a registry changes. They acknowledged that section 7.5 of the ORG Registry Agreement gives them a role in the transfer of control and that the process associated with that is already happening. They can ask questions of ISOC trustees and PIR about the sale and exchange information. There is no fixed 30-day limit on these exchanges, rather a rolling 30 day limit on each round of questions and responses. Board members acknowledged ICANN’s ability to attach conditions to the recognition of Ethos Capital as the new operator of .ORG. Board member Leon Sanchez was also in attendance ..."

Nov 18, 2019 Namecheap Rebuttal to ICANN Board (pdf) re: .ORG and .INFO price caps.  Excerpt" ... ICANN’s reliance upon Professor  Carlton’s 2009 analysis is misguided because it is an opinion not based upon evidence or facts, but relies upon outdated and incomplete assumptions. Second, ICANN claims that the Base RA was developed through the ICANN policy process, however there is no evidence to suggest that those participants intended or considered the Base RA to apply to legacy TLDs ..." More here.

Nov 19, 2019 EFF Rebuttal to ICANN Board (pdf) excerpt: "... sale of PIR to a private equity firm ... heightens the need for you to spend more time and discussion on the .ORG contract renewal challenges ..." More here.

Nov 15, 2019 ICA Letter to ICANN re: Ethos Capital & .ORG (pdf).

Nov 13, 2019: Ethos Capital, led by former ABRY Partners Managing Partner, buys .ORG registry.
The interesting connection between the .ORG deal and ICANN -- "Former ICANN CEO Fadi Chehadé appears to have a connection to the latest big deal in the domain name industry." -- And they named their company Ethos. Give me a break! 
"... moral bankruptcy ... Especially in combination with the recent removal of price caps for .org domains."

Nov 10, 2019: ICANN66 Wrap (pdf): "... UAM: Domain Name Registrants Look Forward to Suing ICANN under GDPR ... Every Antitrust & Competition Authority in the World Should Be Investigating ICANN & its gTLDs ..." [more here].
Internet Society received $48.7 million in 2018via its affiliate PIR, .ORG Registry Operator (pdf).

Oct 9, 2019, email from a reader: "John, I've been following your comments on the CCT review team – and I’m shocked more people are not paying attention.  Your words are spot on and its extremely troubling. I also spent hours and hours going through DomainMondo.com – wow!! You are right on so many different areas. Are you planning on making a comment here as well?  As a follow up?"

Editor's response: 
Thank you for your email and kind comments. As you may know, I have already commented at various times during the CCT process, see this (pdf). Accordingly, I see no point in commenting further on either the ICANN Board's decision, or ICANN org's "path" concerning the Board's decision re: the CCT recommendations. 
I have pretty much 'given up' on ICANN and its "commenting process" which appears to be as much a public charade as ICANN's claims concerning "competition, consumer trust, and consumer choice." ICANN has failed the global internet community and does not operate in the global public interest. Because of the IANA transition, we, the global internet community, have no effective remedy, at present, to reform or replace ICANN, or its misguided policies and practices.

However, I encourage you, and others so inclined [notwithstanding the above], to submit your own comments to ICANN on this and any other matter. If DomainMondo.com aids in providing reference sources which you find helpful, so much the better.
  • Domain Mondo Archive below (on mobile go to "web version");
Selected comments to ICANN from the Editor:
Also note: "... there are some very disturbing things about the new .ORG Registry Agreement contract. The problems relate to the role of community policy development vs. bilateral contract in the governance of the domain name system. It appears that ICANN’s contracting process provides ICANN and its contracting parties a way to completely bypass ICANN’s policy development process. As such, it undermines the whole purpose of having ICANN in the first place .... It gives the lie to ICANN’s continued claim that it fosters bottom up multistakeholder consensus policies. It provides for an end run around fundamental bylaw constraints, such as the one prohibiting ICANN from regulating content. This is a troublesome loophole in ICANN’s contractual model of governance, and board members and GNSO representatives need to do something about it. As for the community, we need to put Verisign on notice. We will not allow the same thing to happen to the .COM contract ... a coalition with antitrust agencies concerned about market power and monopoly pricing and civil society free speech advocates would be powerful, and litigation inevitable if they try the same trick again."--Dr. Milton Mueller, The real problem with the new .ORG contract | internetgovernance.org (emphasis added);
and The Case for Regulatory Capture at ICANN | ReviewSignal.com;
and ICANN Fails the Internet Community, allows an unlimited non profit tax | ReviewSignal.com;
and  Namecheap, Inc. 12 Jul 2019 Reconsideration Request (pdf) re: ICANN’s decision to renew the registry agreement for .ORG and .INFO without the historic price caps.  Follow the proceeding here;
Read also How the battle over domain prices could drastically change the web | mashable.com: "... [ICANN] just opened the door to monopolies charging whatever they want for registering a web address. Ironically, the U.S. government formed ICANN in 1998 to prevent a monopoly ..."
and  Electronic Frontier Foundation (EFF) 30 July 2019 Reconsideration Request (pdf) re: .ORG registry agreement renewal, including incorporation of the URS and "explicit permission from ICANN for PIR to 'at its election, implement additional protections of the legal rights of third parties' unilaterally and without further consultation with existing .org registrants or the ICANN community." Follow the proceeding here, including this letter from EFF (pdf), excerpt:
"... The Ombudsman’s Evaluation misstates EFF’s positions and reflects a fundamental misunderstanding of the issues. The Committee should disregard the Ombudsman’s Evaluation and recommend to the Board that EFF’s Request for Reconsideration be granted ..." 
Read also: Opening the Door for Censorship: New Trademark Enforcement Mechanisms Added for Top-Level Domains | eff.org.
and  "... it is troubling to see ICANN dismissing comments because they were collected via an organized campaign, since it essentially closes off the comment space to anyone other than ICANN insiders. This defeats the purpose of having public comments ...  If ICANN does not take this duty seriously, people will naturally start to question why it should be entrusted with this role."--Michael Karanicolas, Wikimedia Fellow at Yale Law School, Sep 14, 2019 (emphasis added).
and letter to ICANN Ombudsman (pdf) from Internet Commerce Association, Sep 12, 2019. [Editor's note: even the ICANN Ombudsman is incompetent, an Inept Apologist for a 'Corrupt' & 'Captured' ICANN.]
"ICANN fatally flawed"
ICANN65, EPDP, AMAZON, New gTLDs, Regulatory Capture at ICANN
Trademarks (.BRAND) gTLDs were a MISTAKE (read 2)b. at that link),
an extortion racket, see .PING testimony. Follow .AMAZON reconsideration here and here.
"Let’s face it, the Internet is a utility and so are the corporations who control it .... Technology needs to be regulated"--Alan Patricof.
Ill-Conceived & Corrupt New gTLDs: Win $50 Million By Losing New gTLD Auctions
"Signing off for now ..."
"To create something that's genuinely new, you have to start again and I think with great intent, you disconnect from the past."--Jony Ive
Native + Non-Native Speakers


Tech Review 1) Why Jony Ive Chose To Leave Apple, 2) Big Tech & Profits

graphic "Tech Review" ©2017 DomainMondo.com
Tech Review (TR 2019-07-06)--Domain Mondo's weekly review of tech investing news: Features • 1) Why Jony Ive Chose To Leave Apple, 2) Big Tech: Do Profits Really Matter? 3) Investing: The Week & Investor NotesChina & Huawei, Eurozone Japanification, US Pension Crisis & Federal Debt, 4) ICYMI Tech News: WTF Apple? Amazon, Broadcom, Antitrust, Google, and more.
UPDATE Deutsche Bank (NYSE: DBbites the bulletradical transformationnew leadershipcuts 18,000 jobs. 
1) Why Jony Ive Chose To Leave Apple

Jony Ive will leave Apple later this year to start a new venture of his own, called LoveFrom, with Apple as his first client. No one will be taking Jony Ive's title, Chief Design Officer, a position at the center of 20 years of product development at Apple, when he leaves, says the FT.com's technology correspondent Tim Bradshaw, who talks about his exclusive interview with Jony Ive in the video above published June 28, 2019.
"To create something that's genuinely new, you have to start again and I think with great intent, you disconnect from the past."--Jony Ive
Editor's note:  Why did Jony Ive choose to leave Apple? He simply wanted to do something new.

See also: Apple Chief Executive Tim Cook on Monday fiercely disputed a WSJ report about the departure of Jony Ive and the company's ability to uphold its commitment to innovative design.

2) Big Tech: do profits really matter?

Why are loss-making tech companies still attracting investors who are willing to wait for companies to turn a profit? FT.com video published July 1, 2019.

Note also re: fracking technology: “I'm not aware of another case of a disruptive technological change that has done so much harm to the industry that created the change ... While hundreds of billions of dollars of benefits have accrued to hundreds of millions of people, the amount of shareholder value destruction registers in the hundreds of billions of dollars ... The industry is self-destructive.”--Steve Schlotterbeck, former chief executive of EQT, a shale gas giant, at a petrochemicals conference in Pittsburgh. Editor's note: and this doesn't even begin to address  fracking's health and environmental issues.

3) Investing
graphic: "INVESTING"  ©2017 DomainMondo.com
The Week: NASDAQ Composite +1.9% | S&P 500 Index +1.7% | DJIA +1.2%
Stocks finished slightly lower on Friday, backing away from all-time highs hit earlier this week, after a better-than-expected employment report in June partially rolled back investors' expectations for multiple rate cuts this year.
I Just Hope the Fed Doesn’t See This Jobs Report--wolfstreet.com. U.S. nonfarm payrolls rose 224,000 in June, well above market expectations of 165,000, according to the Labor Department. The unemployment rate edged higher to 3.7% (300,000 people entered the labor force looking for work and therefore counted as unemployed), but was still near 50-year lows. Wage growth was 3.1% year over year.
Goldman Sachs' explanation on why there is now a "bull market in almost everything"--"monetary policy" remains the main driver of risk appetite and expectations are now very bullish.

Global hedge fund liquidations exceeded launches for the third consecutive quarter as managers faced a tough capital-raising environment. About 213 funds closed in the first three months of this year, compared with 136 that opened--bloomberg.com. Editor's note: why pay the high fees?
Investor Notes: 
China: "The Huawei battle reflects a fundamental geostrategic shift in Washington. For decades, the U.S. foreign policy establishment assumed Beijing would evolve into a cooperative partner in the rules-based, American-led international order that did so much to foster China's boom. That hope has evaporated. Now, the United States sees China as an adversary determined to challenge American leadership in technology and innovation. President Donald Trump has launched a trade war against Beijing and is boosting defense spending. Huawei is cast as a Chinese standard-bearer in that struggle."--Special Report | reuters.com See also:

EU: The Eurozone’s Japanification--with the eurozone economy stuck in a low growth, low inflation and low rates environment, it's really hard not to make 'Japanification' comparisons. If we're honest, the eurozone is probably already in the thick of it, which means rates are likely to remain lower for longer and every new crisis or recession will bring the bloc closer to more Japanification--ing.com. See also French Bond Yields Slide Below Zero, Hit All Time Record Lows and Deutsche Bank's Restructuring Plan To Cost Staggering €5 Billion--zerohedge.com; German prosecutors are escalating a money laundering inquiry involving Deutsche Bank, including planned raids on wealthy former clients, a person with direct knowledge of the matter told reuters.com.
There is the ongoing economic misery across Europe. Most of the economy remains stalled – and there are signs it could get worse ...  I am not anti-European, but I think it’s about to go through a slow implosion. There is an increasing likelihood Europe becomes largely detached and delinked from the US and other Occidental economies, and irrelevant to the growth economies of the Orient. From a trade perspective, I suspect we’d [UK] be better off outside [the European Union]--Bill Blain.
See also  How Does the European Union Work? The EU’s authority has steadily expanded as its members have passed more and more decision-making power to the union--cfr.org. New leaders of the EU / ECB (nominees still need to be debated and ratified by the European Parliament):
  • Ursula von der Leyen, 60, Germany: European Commission President;
  • Charles Michel, 43, Belgium: President of the European Council;
  • Josep Borrell, 72, Spain: EU High Representative (foreign policy);
  • Christine Lagarde, 63, France: European Central Bank President.

U.S. Under the Radar: Pension Crisis Deepens in U.S. as strategies shift, outlooks dim--bloomberg.com. "I can only repeat again and again: There is no solution to the woefully underfunded pensions in Chicago and in Illinois that does not involve benefit cuts subsequent to a 2020 constitutional amendment or municipal bankruptcy.  And the sooner Pritzker and Lightfoot figure that out, the better off we’ll all be."--wirepoints.orgNote alsosoaring federal debt "poses substantial risks for the nation" warns Congressional Budget Office (CBO).

4) ICYMI Tech News:
graphic: "ICYMI Tech News" ©2017 DomainMondo.com
WTF Apple? Apple Moves Mac Pro Production to China--the $6,000 desktop computer had been the company’s only major device assembled in the U.S.--wsj.com. See also Electronics exodus from China--HP and Dell plan to shift up to 30% of notebook production out of China; Microsoft, Google, Amazon, Sony, Nintendo also want to move some production--nikkei.com.

Airbnb is among IPOs investors are anticipating in the second half of 2019--CNBC (video).

Broadcom In Advanced Talks to Acquire Symantec--another software acquisition by CEO Tan?

Antitrust: Retail Industry Leaders Association (RILA) representing Walmart, Target, Best Buy, others writes to FTC (pdf) about tech giant dominance, offering help with antitrust probes, and calls out Amazon and Google. 

Amazon & Product Liability: 3rd U.S. Circuit Court of Appeals (2-1) rules customers can sue Amazon when they buy defective products from its platform, even if Amazon did not make those products.

What's left to monetize? It appears the answer is "very little."--blogspot.com--"Advertising has always monetized consumers' time and attention, what we call engagement today. Big Tech has generated billions of dollars by monetizing other forms of engagement and privately owned capital/assets. Google has monetized web search ... AirBNB has monetized privately owned or leased homes and flats ..."

Early front-runners to regulate Libra are FINMA (Switzerland) and BOE (UK): "The long-run success of Libra critically depends on finding a nation with financial gravitas willing to provide Libra-friendly rules."--seekingalpha.com.

Ireland-based cryptocurrency exchange Bitsane has apparently vanished, taking as many as 246,000 users’ crypto deposits with it.--zerohedge.com.

Personal Tech: Surviving a SIM swap attack | zdnet.com--"Turns out, the attack was likely driven by a Coinbase account I experimented with in early 2018 that was never closed." See also The Motherboard Guide to Not Getting Hacked.

-- John Poole, EditorDomain Mondo

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Starbucks 15-Year Journey to 100% Ethically Sourced Coffee (video)

The Starbucks 15-Year Journey to 100% Ethically Sourced Coffee with Conservation International

Starbucks has partnerships with organizations like Conservation International and the Eastern Congo Initiative to ensure its coffee is as close to 100% ethically sourced as possible. Starbucks video above published Jun 11, 2019.

How Starbucks $SBUX Created Its Iconic Mermaid Logo

How Starbucks Found Its Mythical Mermaid: the story about how a much-loved novel provided inspiration for the Starbucks logo. Video by Leila Hussain. Bloomberg.com video first published Apr 30, 2018.

Stock exchange: shares | NASDAQ: SBUX

Domain: starbucks.com

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The English Language & Americanisms (video)

Editor's note: the Fourth of July is celebrated as Independence Day in the U.S., commemorating the Declaration of Independence of the United States on July 4, 1776. But the 'Americans' who revolted (predominantly English men and women then living in the 13 original colonies), also kept their mother tongue, which continued to flourish and prosper, in the U.S., and throughout the world.

The "Grand Union Flag" which served as the U.S. national flag from 1776 to 1777:
The Grand Union Flag is considered to be the first national flag of the United States. The design consisted of 13 stripes, red and white, representing the original Thirteen Colonies, the canton on the upper left-hand corner bearing the British Union Flag, the red cross of St. George of England with the white cross of St. Andrew of Scotland. The flag was first flown on December 2, 1775, by John Paul Jones (then a Continental Navy lieutenant), on the ship Alfred in Philadelphia.

The English Language and Americanisms

The Economist's language expert, Lane Greene, knows a thing or two about English. Lane is a fan of words, lots of words, and Lane is an American living in London. He's become accustomed to British English slang. But Lane often hears Britons complain that there are too many American words and expressions creeping into British English, these are called Americanisms. The Economist.com video above first published Nov 23, 2017.
About two billion people study English as a non-native language - that's nearly one in three people worldwide. There are more English speakers (native + non-native) worldwide, than of any other language in the world today. As a result, unlike the other major languages in the world today, non-native speakers of English far outnumber native speakers!

The country with the largest number of English speakers (native + non-native) is India, where English is an additional official language for government work along with Hindi. The total population of India will surpass China by 2024.

The UK government classifies the following countries as majority native English speaking: Antigua and Barbuda; Australia; The Bahamas; Barbados; Belize; Canada; Dominica; Grenada; Guyana; Ireland; Jamaica; New Zealand; St Kitts and Nevis; St Lucia; St Vincent and the Grenadines; Trinidad and Tobago; United Kingdom; United States of America.

The countries that have the best proficiency in English as a second language:
source: statista.com
See also:

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Digital Detox | Surviving Without Tech for Three Days (video)

Can I survive without tech for three days? 

What is it like to fast for three days without any technology or devices? CNBC.com’s Uptin Saiidi took on the challenge, as he goes on a quest to learn more about tech addiction and the billion dollar mindfulness industry hoping to combat it. CNBC International video above published May 15, 2019.

Domain referenced: headspace.com

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Android or iOS, Why Smartphones Aren't Exciting Anymore (video)

Why Aren't Smartphones Exciting Anymore?

Smartphone sales are declining, and the pace of innovation is slowing. Manufacturers are scrambling to find new ways to conjure up excitement. Bloomberg QuickTake explains what might be the future of smartphones. Bloomberg.com video above published Jun 19, 2019.

See also: WSJ: Jony Ive Became 'Dispirited' After Apple Watch and Sometimes Failed to Show Up to Meetings--Report: Jony Ive was dispirited by Tim Cook's lack of interest in the product development process and frustrated inside a more operations-focused company--macrumors.com.

source: statista.com
source: statista.com

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David Rosenberg on the U.S. Economy, Recession, U.S. Dollar (video)

'The recession has already started': David Rosenberg on the U.S. economy

BNN Bloomberg spoke with David Rosenberg, chief economist and strategist at Gluskin Sheff + Associates, about growing concern over the state of the global economy. and why he thinks the U.S. recession has already started. BNN Bloomberg video above published Jun 17, 2019. Gluskin Sheff + Associates Inc., (domain: gluskinsheff.com) is a Canadian wealth management firm. BNN Bloomberg is a Canadian English language specialty channel owned by Bell Media, broadcasting Canada’s only TV service devoted exclusively to business, finance and the markets, headquartered at 299 Queen Street West in Downtown Toronto. [Editor's note and caveat: Rosenberg has been known as a perma-bear.]

Get U.S. dollar exposure to prepare for coming economic pain: David Rosenberg

David Rosenberg thinks the U.S. is already in recession, but doesn't believe investors should flee from the greenback. BNN Bloomberg video above published Jun 18, 2019.

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