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Internet ‘economy’ to hit $4.2 trillion by 2016: study

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SAN FRANCISCO — Online business is playing an increasingly powerful role in national economies and is projected to account for $4.2 trillion of the Group of 20 nations’ total gross domestic product by the year 2016.

The “Internet economy” will grow at a rate of eight percent annually in developed countries and more than twice that in developing markets, according to a study released on Monday by The Boston Consulting Group (BCG).

India and Argentina will see the fastest growth, with rates expected to be 23 percent and 24 percent respectively, BCG said in a report.

“The Internet economy offers one of the world’s few unfettered growth stories,” said BCG senior partner and report co-author David Dean.

In an array of countries including France, Germany and China small and medium-sized companies (SMEs) that actively engaged consumers online saw sales rates climb much more than did firms with scant Internet presences.

“Around the world, SMEs that embrace the Internet are growing faster and adding more jobs than those that don’t,” said BCG partner Paul Zwillenberg.

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“By encouraging businesses to turn to the Internet, countries can improve their competitiveness and growth prospects.”

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Bernie fan who made the ‘liberal case for Trump’ in 2016 finally admits he was wrong

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Walker Bragman, a supporter of Sen. Bernie Sanders (I-VT) who wrote an infamous essay for Salon.com called "A Liberal Case for Donald Trump," is now admitting that he gravely underestimated how bad Trump's presidency would be.

Bragman, who is still backing Sanders in the 2020 Democratic primary, wrote on Twitter Tuesday that he erred in thinking that the damage done by a Trump presidency would be limited.

"I underestimated the danger this man posed in 2016 -- particularly to immigrant communities," Bragman acknowledged. "That’s something I carry with me. Trump may indeed turn out to be the 4-year fire that forces this country to course correct, but the human damage in the now is real. He must lose in 2020."

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Liz Cheney ignites a ferocious backlash with her ‘sickening’ attack on Ocasio-Cortez over Trump’s ‘concentration camps’

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Rep. Liz Cheney (R-WY) was widely condemned for attacking Rep. Alexandria Ocasio-Cortez (D-NY) for comparing the Trump administration's border detention centers to Nazi concentration camps.

The New York Democrat warned President Donald Trump's immigration policies violated human rights and could lead to something far worse, and called for action to prevent another Holocaust.

"‘Never Again’ means something," Ocasio-Cortez said. "We need to do something about it.”

Cheney lashed out at the freshman lawmaker and claimed that her remarks were insulting to Holocaust victims, and hinted they were possibly anti-Semitic.

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Fox News writer: Harvard reject was just ‘espousing conservatism’ when he used the N-word 11 times

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Michael Knowles argued for Fox News this week that Kyle Kashuv was only "espousing conservatism" when he was rejected by Harvard for using the N-word at least 11 times and calling to "kill all the f*cking Jews."

In an op-ed on the Foxnews.com website, Knowles asserted that Kashuv is being singled out by Harvard because he has conservative views.

"The cruel irony is that, while there is no evidence that Kyle Kashuv harbors any actual racial bigotry, there is plenty of evidence that Harvard does," Knowles wrote. "Plaintiffs in a major racial discrimination lawsuit against the university introduced evidence last year demonstrating that Harvard systematically disadvantages Asian-American applicants."

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