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No Kings in America? – John Sherman ‘Speaks’ to Manufactured Housing

January 16th, 2019 No comments

 

NoKingsInAmericaJohnShermanSpeakstoManufacturedHousingDailyBusinessNewsMHProNews

If we will not endure a king as a political power, we should not endure a king over the production,
transportation, and sale of any of the necessities of life
.”

— John Sherman

 

Sherman was a mover in what today is known as the Sherman antitrust act. The act was sponsored by Senator John Sherman (1823–1900) of Ohio, as a leading anti-monopolistic leader.  The quotes speaks for itself. Among the necessities we should not have a monopoly over the production of affordable manufactured housing.

 

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The next two more contemporary quotes are more sobering.  Both come from the political left.

Antitrust law isn’t about protecting competing businesses from each other,
it’s about protecting competition itself on behalf of the public
.”

–      Al Franken

 

This antitrust thing will blow over.”

–      Bill Gates

 

Keep in mind that Gates’ Microsoft was the target of an antirust action. Gates and Warren Buffett are in several ways, joined at the hip. Gates, in a very specifric sense, turned out to be correct.  More on those points another time.

This quote below is also from the progressive side of the aisle. All but the first and next quote are from AZ Quotes.

From a non-profit’s website: “The Open Markets Institute uses journalism to promote greater awareness of the political and economic dangers of monopolization, identifies the changes in policy and law that cleared the way for such consolidation, and fosters discussions with policymakers and citizens as to how to update America’s traditional political economic principles for our 21st century digital society.”

Let’s turn to a former and famous president.

Beware of that profound enemy of the free enterprise system who pays lip-service to free competition, but also labels every antitrust prosecution as a persecution.”

–      Franklin D. Roosevelt

 

Back to Franken.

Most Americans don’t think about antitrust law when they look at their cable bill, flip channels on TV, or worry about what their favorite website knows about them. But they should.”

–      Al Franken

 

Changing technologies, changing marketplaces, and even changing trends in anti-competitive practices have all presented challenges to antitrust enforcement.”

–      Al Franken

 

Then, there is Green Party candidate for president, Jill Stein. For all of these, keep in mind, wheat and chaff.  You don’t have to agree on everything, to agree on specific things.

We need to use antitrust laws. You know, we need to create real media again.”

–      Jill Stein

It’s time to use the antitrust laws and to break up this conglomerate corporate media that has now poisoned our democracy to the point that our very survival is at risk for the kinds of monstrosities that are flourishing in our corporate media dominated discussion.”

–      Jill Stein

There are voices on the right that favor use of antitrust action.  One of them is below.

Vigilant and effective antitrust enforcement today is preferable to the heavy hand of government regulation of the Internet tomorrow.”

–      Orrin Hatch

Here’s a surprising one, a former Democrat, who today is a member of the GOP.

If I am elected President, I will end the special interest monopoly in Washington, D.C.

– Donald Trump

 

From President Donald J. Trump, to a plank in the Democratic Party’s ‘new deal’ plan, and others in between, are calling for a break-up of several major conglomerates.  From the FAANGs, to major media conglomerates, to Berkshire Hathaway and others, there is a need to restore balance to both the market and politics. Regulations can’t fix this, only a breakup – like the AT&T breakup – will do.

A useful overview of the topic of monopoly is explored in a reasonably balanced way in this video below.  For example, the video explains the limited cases – such as public utilities – when a monopoly can make sense, although that too could become a dated view as various technologies emerge that could allow more competition for utilities.  The video uses facts and humor as it educates, and has had hundreds of thousands of views.

 

Monopolies and Anti-Competitive Markets: Crash Course Economics

 

 

Those voices in MHVille that stand mute or even actively oppose a discussion of monopoly are practically defending those that are monopolizing manufactured housing. That hurts independent businesses, consumers, government – almost everyone – save for the limited numbers who are doing the monopolization.

As an independent operation that favors free enterprise, we stand foursquare against monopolistic forces, because they are corrosive of the economic and thus political system in America. See the related reports, linked below. “We Provide, You Decide.” © ## (News, analysis, and commentary.)

 

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Warren Buffett’s Berkshire Hathaway, Clayton Homes, 21st Mortgage Corp and their “Strategic Moat,” Plus Manufactured Housing Equities Updates

Examining Derek Thompson’s Atlantic Report on ‘Mobile Home’ Retail Market as Fastest Dying Business In America

 

“Major Step” in Independent National Post-Production Manufactured Housing Advocacy Taken, Per Trade Group

 

 

 

 

 

 

 

 

 

 

 

Examining Derek Thompson’s Atlantic Report on ‘Mobile Home’ Retail Market as Fastest Dying Business In America

January 10th, 2019 No comments

 ExaminingDerekThompsonAtlanticReportMobileHomeMarketRetailMarketAsFastestDyingBusinessinAmerica

 

At the center of a perfect storm of boomer burnout, a brutal recession, and a rapidly changing industry, the mobile home retail market could be the worst industry in America. Here’s why,” wrote Derek Thompson as his subheading on a story for the Atlantic, a popular progressive news and views website. With a raging affordable housing crisis in the U.S., or in Canada for that matter, how is this contraction possible?  

 

At the time Thompson’s report was published, it was the headline that shocked many in the manufactured housing industry.  That headline sparked controversy, which wasn’t limited to the threat to manufactured home retail, but could have been misread as a challenge to the existence of other parts of the industry.

That headline? “America’s Fastest-Dying Business? It’s Mobile Homes1,” said Thompson. Across the left-right divide in manufactured housing professional circles, Thompson’s narrative sent shock waves and reactions, including commentary and reports here on MHProNews.

 

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But in hindsight, Thompson – who obviously erred in terminology when he referred to federally regulated, HUD Code manufactured homes as ‘mobile homes‘ [SIC] – was citing serious data. Besides the error in terminology, was there any other oversights or misses in Thompson’s report?

To properly analyze any study, research, or statements, one ought to first admit that no single report can cover every detail or nuance. This report, like Thompson’s or any other is self-limiting. Facts, quotes, and statements are used by a writer who could have arranged them in a variety of ways. That years later, Thompson’s work in the Atlantic is worthy of review stands on its own merits.

The Daily Business News on MHProNews is hereby looking back at the Atlantic report, a section-by-section “Fisk” or fact-check of what was good, bad, or possibly missed. While this focused on retailers – what Thompson calls “dealers” – it should be more broadly understood by manufactured housing (MH) investors and professionals as impacting every part of the industry.  Why?  Because then and now, a large part of the industry’s production goes to market via retailers.  Having – or not having – a sufficient number of independent retailers has and still does place pressures on manufactured home producers, communities, suppliers, installers, transporters, financial service firms, and arguably all others throughout the industry. 

 

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Design by MHProNews.

Following his subheading quoted above, Thompson wrote as follows. “If I asked you to name America’s least fortunate industry, your mind might go to records stores, obliterated by on-demand apps; or photofinishers, left in the cold as digital cameras turn Americans into our own photo editors; or fabric makers, where business is booming … in Shenzhen, China. 

But when it comes to unlucky industries, it’s manufactured home (aka mobile home) retailers who really hit the trifecta*. First they missed out on the housing boom. Then they felt the gut-punch of the recession. Now they might yet might miss out on the recovery. That makes them America’s fastest dying industry, according to a new report from IBISWorld.”

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These graphics were part of Derek Thompson’s original report, and are placed in the same location with respect to the Atlantic’s narrative. That original report is linked here.

 

If Thompson was referring to the conventional housing boom of the early 2000s, he was quite correct in saying that manufactured housing missed it. 

But in the early 2000s, Eric Belsky of Harvard University’s respected Joint Center for Housing Studies (JCHS) had been researching manufactured home quality, and the industry in general. Based upon his research, Belsky projected that despite of the slide in manufactured home sales due to the arguably self-inflicted wound of a repossession glut in the late 1990s and the early 2000s, Belsky’s study and analysis led him to believe that given the need for affordable housing plus the improved quality of manufactured homes, would lead the industry into housing dominance by 2010.

So, Thompson mentioned none of those points by Harvard’s Belsky.

That said, the projection by Belsky proved to be wrong, for reasons noted and explored as part at the report linked below.

 

Bridging Gap$, Affordable Housing Solution Yields Higher Pay, More Wealth, But Corrupt, Rigged Billionaire’s Moat is Barrier

 

Back to Thompson’s narrative in the Atlantic.

With a 70+% decline in revenue over the last ten years, the mobile home industry faced a descent on par with record stores and clothing mills. But it’s the pace of its future decline that sets them apart. In the next six years, manufactured home dealers are projected to see revenue evaporate 50% faster than even music stores and the wired phone industry. Here are full IBISWorld rankings, listed by industry revenue.”

 

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Notes to new readers on MHProNews. 1) MHProNews uses brown and bold fonts to reflect direct quotes. 2) The graphic above was part of Thompson’s Atlantic report at this same point in his narrative, but the arrows and commentary are by MHProNews.

 

***

Noting again the error in industry terminology issue, which should have said manufactured home, Thompson wrote, “The typical mobile home buyer is a retiring, low-income couple in the southeast, said Mary Gotaas, an analyst at IBISWorld. The southeast region accounts for 40% of the industry’s dealership, and mobile homes are usually bought by consumers over the age of 50. “They’re retiring, they don’t care about equity or link-to-land ownership, and they want something cheap because they’re saving for things like medical bills,” she said.”

Ironically, at about that same time, HUD was producing a PD&R that reflected university-level research on manufactured housing. Here’s how HUD describes a PD&R, “The U.S. Department of Housing and Urban Development’s (HUD’s) Office of Policy Development and Research (PD&R) supports the Department’s efforts to help create cohesive, economically healthy communities. … It is intended to help you identify PD&R data sets that can be used as a basis for your research or analysis.”

 

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The HUD PD&R screen capture – with linked download available here – arguably reflects a lack of understanding about how enhanced preemption could solve the affordable housing crisis using mostly private capital. The research is useful, but adding in the missing ingredient of enhanced preemption would make it priceless. 

That roughly 8 year old research commissioned by HUD made the point that the data reviewed proved  that manufactured homes could and did appreciate in value, and that it did do so side-by-side with conventional housing in urban neighborhoods as infill. Some of the biggest ‘hits’ on the manufactured home industry’s products and value-proposition were being debunked by university level scholarship.

Returning to Thompson’s narrative in the Atlantic, “Thirty years ago, I had a list of 90 manufactured homes makers,” said Thomas Roberts, a real estate agent with Century 21 Realty in Fremont, California, who works with mobile home makers. “Today, I don’t think there are more than 25. Nobody’s opening mobile home parks.”

Both of those claims were exaggerated at best, and were demonstrably errant. But Thompson was quoting someone else’s claim. And while factually wrong, the trend lines were broadly relevant.

 

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There were dozens of fewer factories, and the creation of new manufactured home (MH) communities had slowed to a trickle.  As noted above, all of that can be traced in part to a restriction of capital/financing. That impacted the occupancy rates of MH communities, and thus also the creation – or lack thereof – of new land-lease communities.

DataCompMHVillageNewManufacturedHomeCommunityOpeningsNotMobileHomeParksManufacturedHomeIndustryResearchDataReportsMHProNews

 

Thompson next said, “Five broad factors account for the mobile home industry’s long slide. First, the housing bubble’s loose credit encouraged low-income families to buy regular “site built” homes instead of mobile homes. Second, the recession hit low-income folks who comprise most of the mobile home market harder than average. Third, the housing bubble’s collapse killed the price of houses and condos, making them a better deal for low-income families (especially since manufactured homes depreciate in value, while a house’s value increases over time). Fourth, older couples who would normally sell their house to buy a mobile home are waiting for the value of their houses to rebound. When the market recovers, they’re more likely to buy “modular homes,” which differ from mobile homes because their walls are put together on site.”

That is once more laced with errors and accurate insights alike. Modular homes are built in modules, with the walls already assembled, plus an ongoing terminology issue, misusing ‘mobile homes’ when he means ‘manufactured homes.’ But those errors aside, several point are broadly correct. Furthermore, in Thompson’s defense, he was citing third-party sources. So, he might be forgiven technical industry errors in writing a one-and-done column about what he thought was a dying industry.

 Terminology2HarvardFreddieMacNeighborworksManufacturedHomeDefintionMobileHomeTraileModularPanelizedDailyBusinessNewsMHProNews432

 

Thompson rolls on in his narrative in this fashion. 

Fifth, and most importantly, even when demand for mobile homes returns, retailers might be left in the dust. A new trend in mobile homes is for manufacturers to open their own outlets, so that retailers are bypassed.” That was a telling comment, on what industry professionals refers to as vertical integration.

 

 

Wrote Thompson, I actually think the next six years are going to shape up for [mobile homes] really well,” said Thayer Long at the Manufactured Housing Institute. “People are looking for smaller homes, and dollar-for-dollar, we offer the best house.” Thompson or his editor clearly should not have inserted “mobile homes” in brackets, given that Thayer Long well knew that they are HUD Code manufactured homes. For newcomers, in the U.S., there have been no mobile homes built in the U.S. since June 15, 1976, in Thompson’s misinterpreted sense of the term.  In Canada, their mobiles homes of the past, gave way to their Z240 code for manufactured homes decades ago as well. 

But what followed from Thompson was arguably vexingly correct, “The future of the industry will resemble Clayton Homes, a mobile home conglomerate which was acquired by Warren Buffet in 2003. Clayton started as a retailer, but they’ve expanding into manufacturing, financing, leasing, and insuring mobile homes. Now the company is a do-it-all industry leader that even serves as a distribution center for other manufacturer’s homes. Thus sounds the death knell for private mobile home retailers.”

While that was broadly accurate, what Thompson did not note was how this was being accomplished. Once more, the facts presented in the report previously linked or here paints a more complete picture.

 

 

TrailerHouseMobileHomeManufacturedHomeFactoryBuiltHousingEvolution101MHProNews-MHLivingNews

You must meet people where they are. Terminology must be taught and caught. Make a habit of using the correct terminology.

 

Disclosures About Disclaimers  

Think about this fact. Mainstream news media routinely uses other firms logos, content, videos, and images. How do they do that without getting sued for copyright violations?

Short answer?

First, we are not attorneys, but our reading of what federal websites and the courts have upheld is the following. That under the principle of “fair use,” media is able to use others content in specifically defined ways. So, when a firm like MHProNews uses Clayton Homes, 21st Mortgage, or the Manufactured Housing Institute logo of content, and stays within those “fair use” for news-media lanes, they are a legal defense from a claim of copyright infringement.

That’s mentioned for a few reasons.  One, while the Atlantic provided their fair use disclosures in their article by Derek Thompson differently than MHProNews has been doing for years, they gave disclosures too. No doubt, those disclosures where provided with fair use guidelines in mind.

Here is how the Atlantic finished up their disclosures on Thompson’s article.

Photo: Afroswede/Flickr

____

*Contrary to common belief, today’s manufactured or mobile homes don’t all look like 1960s caravans, with the cinder-blocks and wheels. Manufactured homes are prefabricated houses built entirely off site and delivered to where the family has leased land. They can look awfully like real “site built” homes. See for yourself on Clayton’s gallery of manufactured and modular homes. The word “mobile” doesn’t always to their constantly moving — although many mobile homes are built on wheels — but rather their ability to be transported when needed.”” MHProNews Footnote 1: coming from a non-MH industry professional, that’s a pretty good mainstream explanation of a manufactured home.

Thompson and/or his editor used a British expression “1960s caravans” to distinguish the mobile homes of the past, with the manufactured homes of today. At the end of their article, they essentially corrected the terminology errors the rest of the Thompson article used. That is arguably better than many in mainstream media do, given that thousands of articles or videos errantly use ‘mobile home’ indiscriminately and/or interchangeably with manufactured homes. 

 

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There are phases are different points in the evolution of the factory-built home industry history, just as there has been an evolution in telephones, computers, automotive or scores of other industries. For instance, one doesn’t properly call an old bag phone from the 1980s – the early version of a cell phone  to the smart phones of today.  The two are different, but the former evolved over the years into the later.

 

TerminologyMattersBecausetheTerminologyDescribestheConstructionStandardsHomeBuiltToSteveDukeLMHAaMHLivingNewsMHProNewsBiggerPocketsSunshineHomesRedBayAL

The terminology matters because
the terminology determines the
construction standards a home was
built to,” Steve Duke, LMHA.

 

Thompson’s article linked to Clayton’s website. It bears mention that an article last year in the Boston Globe, didn’t link Clayton’s site, but it did spotlight Clayton Homes produced homes and pricing. More on that another time. 

Finally, about what some might see as the overuse of third-party discourse notices on MHProNews. MHI has had multiple attorneys over the course of years sending threatening letters to the publisher of MHProNews. Among those are “cease and desist” letters are complaints about the use of a logo, which were part of the fisking of their content. Those attorneys arguably must know – if they are worth their salt – that they have no legal leg to stand upon. That’s not to say that they can’t sue.  In America, almost anyone can. But MHI – and the powers behind their throne – must know it is a hollow threat in the sense that they realize that MHProNews is operating within the guidelines of fair use.  

What MHI attorneys, leadership – elected or staff – have not done is debunk or disprove any of our research. They arguably want to silence this platform, which is demonstrated in a variety of ways. But emailed invitations as recently as last week to: Clayton, 21st, Cavco, Nathan Smith/SSK Communities, and MHI’s staff leadership have yet provided not a single intelligent response that debunks a even one claim or concern raised here or on MHLivingNews. Rather, MHI and their powers-that-be demonstrably have used efforts – like threats of litigation – to silence us by threats and intimidation tactics?

What should that tell the industry’s readers and investors?

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The words of the late Howard Walker, ELS Vice Chairman, shared for publication with MHProNews.

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Some of those who allegedly are now resisting the reports on MHProNews, have previously and publicly praised MHProNews as the best in the industry.

What messages from readers and third-party metrics tells us is this. Our readership – which was already the runaway #1 in manufactured housing trade media – has skyrocketed since we began our exposes of the purportedly rigged, corrupt system that the Omaha-Knoxville-Arlington axis and their allies have used to slowly monopolize manufactured housing. What this article in the Atlantic did was identify the trend.  What the Atlantic’s Thompson didn’t do is identify how that was done by manipulating capital, credit, and more.  Again, click here to learn more.

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Legacy returned as a sponsor. Placement of their ad, or any others, shouldn’t be construed as that sponsor agreeing with any specific article.

Others think that they also benefit Omaha-Knoxville-Arlington axis and what is arguably a rigged system too. But there are growing voices within those operations that confirm and thank us for reports like this one.  The rise of former MHI members, who launched new trade groups, or left MHI, are evidence that the research here is based on realities that others in manufactured housing recognize, and are acting upon.

 

Atlantic/Thompson Fisking Takeaways? 

Are independent manufactured home retailers SLOWLY dying?

The trend lines say, sadly, yes. A state association executive said almost the same rate of decline in the total number of independent retailers roughly a year ago. Facts and trend lines are what they are. 

ManufacturedHousingSHipmentsBloombergQuintFactoryBuiltRebuidRecoveryDailyBusinessNEwsMHproNEws

Spotlighting this trend is debatably necessary as part of the process for the underlying causes of affordable housing’s crisis.  “We Provide, You Decide.” © (News, analysis, and commentary.)

 

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SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsSubmitted by Soheyla Kovach to the Daily Business News for MHProNews.com. Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

 

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New Era in National U.S. Manufactured Home Community Representation Underway?

Production Decline Continues in November 2018

 

Independent National Manufactured Housing Post-Production Association Takes Major Step

 

 

 

 

 

Oil, Soybean Market Maneuvers and Manipulation Reveal Broader Concerns for MHVille

December 27th, 2018 Comments off

 

OilSoybeanMarketManueversManipulationRevealBroaderConcernsforManufacturedHousingMHVilleDailyBusinessNewsMHProNews

Thousands of new manufactured homes go into rural areas, as public officials who are members of both major political parties have noted.

 

 

Manufactured homes, and other forms of factory-built housing, also routinely are sold into areas where new energy production is taking place.  So these trends have an industry impact.

Whatever one’s position on the Trump Administration, trade policy – or on energy policies in general – may be, what’s evident from a close consideration of the video and commentary that follows is that domestic and global giants arguably use various maneuvers to artificially manipulate markets.  That in turn creates ‘winners and losers.’

The losers tend to be smaller businesses, and individuals.

 

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Additionally, how news reports are framed influences perceptions.  Those perceptions in turn may scare or motivate investors.  Both left-of-center CNBC and right-of-center Fox News have spotlighted commentary that have made that very point recently.

 

The Strongest Economic Engine?

It’s a routine refrain that small businesses – not big ones – collectively are prime generator of jobs and economic growth.

SmallBusinessDrivesJobGrowthInUS-SBA-GovDailyBusinessNewsMHProNews

But frankly, members of the major parties tend to give more credence to what big business desires than what smaller operations do.

One could make the case that it isn’t the ‘Citizen’s United’ Supreme Court decision that is corrosive of politics, but more accurately, it’s the influence of big, often monopolistic forces that seeks to dominate politics, capital, and economic policies.

In manufactured housing, that tendency to give preference to big operations over smaller ones has arguably led to serious consolidation within the industry.  That consolidation is most evident in the manufactured housing production side, but is also at play in the retail and community sectors too.

 

ClaytonHomesSkylineChampionCavcoIndustriesMarketShareManufacturedHousingIndustryConsolidationGraphicPieChartMHProNews-e1528746976415

Note: Clayton claims in their 2017 annual report to have ‘only’ 47.7% of the manufactured housing market. But Berkshire Hathaway reports don’t make that point clear. Be it roughly 48 percent or 50 percent, Clayton clearly has an outsized influence on the manufactured housing marketplace. That in turn arguably distorts lobbying, media, capital, financing, and other influences on the most affordable kind of permeant housing built in America.

So monopolization isn’t just a manufactured housing issue, as the recent New York Times analysis on the increasing monopolization of America spotlighted.  For more on the ‘consolidation’ trend in other industries, see the related reports below the byline and notices.

With that backdrop, let’s view through the lens of ‘manipulation of market forces’ and how ‘perception vs. reality’ become drivers.  Because that’s logically being revealed in the pull-quotes below from PRICE Futures Group senior analyst Phil Flynn today on Fox BusinessWe’ll conclude with a simple pensée after the quotes from Flynn.

 PhilFlynnFoxBusinessPriceFuturesDailyBusinessNewsMHProNews

 

  • Yet in oil, and in markets in general, it is perception and not necessarily reality that drives prices.
  • In response to the promise by President Donald Trump to reduce Iranian exports to zero, OPEC raised oil production and U.S. oil producers moved to ramp up production.
  • Many times, a drop in the price of oil sparks warning signals that something is amiss in the global economy, and worries about a trade war, rising interest rates and a government shutdown mixed in all led to a fear that everything would soon come off the rails.
  • The sharp drop in the oil price is one reason many people lost faith in the stock market, because if oil was floundering so too must everything else.
  • Oh sure, there were fears of a slowing economy in China and in Europe, but if you look at the number of barrels imported and consumed, from an oil standpoint any slowdown was negligible.
  • In fact, in the U.S. demand for total oil products is at an all-time high.

 

On Christmas Eve, a Fox Business commentator estimated that approaching $7 trillion dollars in value have been sapped from the markets since the fall 2018 market slide began.

Yet, as MHProNews and others have documented repeatedly, economic indicators are overall sound.

Who does those trillions of lost value harmed the most?  Arguably, it’s the smaller holders of investment instruments – such as 401Ks – by those on main street, suburbia, and Americans beyond Wall Street and the billionaire class.

The Trump Administration, Democrats, and some voices in progressive and conservative circles alike have raised the vexing issue of monopolies.  Monopolies and mega-corporations adversely impact speech, media, the markets, and politics, they say.  Set aside partisan positions and labels by stating facts and evidence without political spin, and perhaps 70 to 80 percent of the nation could come together on certain core issues.

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Will the gaps between the President Trump led GOP, and Democrats be bridged in 2019 in ways that will produce #OpenMarkets via #Antitrust action?

In our industry and others, a study of the issues reveals significant evidence pointing to how that would be for majority of the U.S. population.  Save, of course, for those who believe they benefit from monopolistic practices. That’s News through the lens of manufactured homes, and factory-built housing,” © where “We Provide, You Decide.” © ## (News , analysis, and commentary.)

 

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The Coming Breakup of Berkshire? MHI? Plus Sunday Headline Recap 10-14-2018 to 10-21-2018

October 21st, 2018 Comments off

ComingBreakupOfBerkshireHathawayLogoBrokenManufacturedHousingInstituteMHILogoBrokenDailyBusinessNewsManufacturedHousingIndustryMHProNews

Among the emails waiting this morning? Some pull quotes.

 

Tony, MHProNews keeps breaking the mold, and continues to redefine manufactured housing [industry trade] publishing. Everything else is boring by comparison.”

 

There’s opinions, and then there’s MHProNews. Love the documentation you provide with your articles. Keep it coming.”

 

The next two are part of longer messages…

 

“…MHARR. MHProNews. That’s it.”

After years in MHI, it just made me feel ill to read last night’s [Saturday’s] lead…”

There’s more, and along with cheers there are a few who jeer. That Saturday evening story, are among those linked further below. Beyond the feedback, thanks too for the latest news tips.

Let’s get down to this Sunday morning’s headline topic.

Freedom is never free. It always comes at a price.

Slavery has a price too.

Choose freedom.

Several months ago, we reported on what an independent told the Daily Business News on MHProNewsthey think they own us.”

There are forces that can break the stranglehold that in direct or oblique ways have artificially limited manufactured housing. The federal government is among them.

Whether you love, hate, or are non-pulsed by the 45th President of the United States (POTUS), there are clues that successful midterm – a red tide – could witness something special happening in MHVille.

We look at facts, evidence, and follow the money. We source across the left-right media divide.  It’s necessary to have a balanced view of reality.

That said, some Democrats – including Elizabeth Warren or Maxine Waters – talk about monopolies. But it remains to be seen if their words are like what Democrats that said about a decade ago who claimed that they supported a border wall. Or like when Bill Clinton said that the “era of big government is over.” 20 years later, that’s a laugh-line now, isn’t it?

There are Democratic politicos that verbally blast billionaires, while taking millions in PAC support from billionaire Democrats. It’s a charade, a con.  That’s not a slam on Democrat supporters. We’re independents for good reasons. The pay-for-play game is done by many to various degrees in D.C. in states or locally, not just Democrats.

But the question is, are the Dems’ leader talk of antitrust words only? After all, they had eight years under Barack Obama’s presidency. Antitrust is technically part of the executive branch’s authority. What did Democrats do to break up the giants?

Nada.

Zip.

Nothing.

While it is an executive branch function, those billionaires buy votes by funding the elections of candidates.  We’ve laid out the facts.  You hear about the libertarian leaning Koch brothers in the mainstream media. But most of the big billionaire donors are DemocratsThat’s just a fact. Then, compare the promises made vs. promises kept by the 44th and 45th presidents.  Look at the facts, the evidence – because it matters to your business.

MarketWatch ran a story about how the S&P 500’s CEOs are politically active.  They give often big donations, and some are very partisan ones. Don’t be afraid of politics, don’t avoid it, because the big boys are all in.

You better be in the water too.  Not necessarily with the dollars, but with information, and votes.

It’s Marty Lavin’s generic quote, but I’m paraphrasing it here.

Pay attention to what people say, but then examine how closely their actions match their words.  Also, follow the money. Follow the facts. Follow the evidence. Use your God-given common sense.

The Trump Administration has also been sharpening the tone against billionaire monopolistic firms. Jeff Bezos/Amazon, Google, and Facebook have drawn specific mention. But they are not alone.

But are there clues that Berkshire could get the trust-busting treatment in 2019 too?

We won’t say more than the obvious. President Donald J. Trump has plenty of reasons to do so.  The president has a long memory.  He knows Warren Buffett.  He knows George Soros.  Both Buffett and Soros have worked to undermine him and his presidency.  See yesterday’s red-hot report on how following the Buffett money-trail reveals how he has funded anti-manufactured home activist MHAction, linked further below.

 

Fear of Anti-Trust Goes Beyond Berkshire

There will be some in MHVille that would cheer a federal antitrust case.

But some, and I’m not talking here about Berkshire folks, some people simply fear change. So, what would the impact of antitrust actions against those noted above likely lead to in our industry?

There has never been a federal anti-monopoly action in manufactured housing to date. But recall this: “The breakup of the Bell System was mandated on January 8, 1982, by an agreed consent [based upon federal antitrust action]…AT&T was, at the time, the sole provider of telephone service throughout most” of the U.S., said Wikipedia.

That AT&T breakup in the 1980s may provide clues for manufactured housing, and other industries too.

Smaller companies in the AT&T trust-bust resulted in a surge of new technologies and competition. The same could well occur in manufactured housing too. After the federal AT&T case:

  • Telecom grew as a result.
  • Cellular developed.
  • The internet emerged.
  • Is there any of that you’d want reversed?

Who else in MHVille has reported that NY Stern Professor Scott Galloway says about how breaking up the monopolies will bring new oxygen into the system. No one, beyond this pro-industry, pro-consumer news site.  That’s arguably why we get strong readership and feedback, like those emails noted above.

Professor Galloway argues breaking up the big four in tech will revive the economy, not harm it.  He’s a tech expert. We’re just citing the expert’s view.

Consider the facts, evidence, and money.  Democrats –

  • by default or by design,
  • fostered through legislation and regulations,
  • bigger giants in lending,
  • giants that dominate in manufactured housing,
  • huge firms that dominate in tech, and beyond.
  • Democrats are the one-party monopoly rule, that’s a reality in several parts of the U.S. today.
  • Recall that Warren Buffett is a student of history. He loves to read such things.  Mr. Buffett applies the lessons of history.  Berkshire’s boss has also admitted that he expects others not to read, not to learn from history, and to be trapped by their own habits. Prove Buffett wrong daily, as thousands of others do, by reading MHProNews each day.
  • The history of Berkshire’s purportedly bad behavior is all the reason independents, thinking Democrats, and Republicans should vote for pro-Trump GOP candidates in the midterms.

It is enlightened self-interest. Pragmatic.

MHProNews has made it clear for months why we believe Team Trump’s performance to date merits more House and Senate seats. We said weeks ago what some mainstream media outlets are only now beginning to report.

That is? Despite over half a year of bluster about a so-called ‘blue wave,’ odds are the GOP expands control of the U.S. Senate. Barring some shocking to voters, a gain by the GOP in the Senate seems likely. We think it’s possible that the GOP could end up at or near 60 seats.  Every election comes down to voters voting.

The House of Representatives is a tougher call. Democrats have more money. Democrats have the bulk of the media megaphones. The candidates are less well known. But there are still data points, policy reasons, and a booming economy that should make us believe the GOP can hold the House.

Even some mainstream media pundits are beginning to say it too.

As political independents that read the tea leaves, we predicted in 2016 a Trump upset. Yes, we worked for it, and gladly so, because we thought then and now that POTUS Trump would be world’s better than a POTUS Hillary.  We said in 2016 that the GOP could – and did – hold the House and Senate.

MHI has all of their experts, resources, and lobbyists.  But MHI got it wrong about election 2016.  So, what else is new at their Arlington, VA HQ?

With about 21 months of President Trump’s track record.  The Trump Administration has proven to be promise keepers to the degree that Democrats have made possible.

If Dems win the House, the next two years will be gridlock and endless investigations of issues that will be as spurious as ‘Russia collusion’ proved to be. Recall we said about 18 months ago that there is no federal crime of collusion on what the Trump campaign was being accused of, and that was not our opinion, that was the view Harvard University’s Democratic legal wiz Alan Dershowitz.  There’s fluff that Democrats and their media allies use to whip up the less informed parts of their base.

POTUS Trump was an is an outsider, not a classic Republican, nor a Democrat. He’s pragmatic.  He’s funny, colorful, and on policy after policy, he’s just plain correct. Sure, there are tweets that stir controversy.  We can wonder about his personal life, but there is nothing there that comes close to what Bill Clinton did.

All those tweets and stuff just keeps the mainstream media from talking about issues that matter. Don’t follow the red herring. Follow the substance over the style, but let’s admit that the style is entertaining.

We’ve built numerous reports on MHLivingNews yesterday and in past weeks that could nudge some visitors towards the President’s agenda, all based upon facts and evidence.

We have detailed numerous fact-and-evidence based reports – just one linked here – on MHProNews of the tragic ways that Berkshire and their MHI tool purportedly took illicit advantage of thousands of manufactured home independents.

Make no mistake. Buffett’s funding of the Tides and through them, MHAction and others, is a sign of just how low they can go.  If they have done it to so many others, do you want to be the next – or even the last – one eaten?

Or do you want to hitch your boxcar onto arguably the best train that is moving, i.e., the Trump agenda and his GOP allies in the House and Senate?

We’ve been told in D.C. that our formal HUD, DOE et al comments letters are getting special attention.  More on that later.

Independents and homeowners alike have great reasons to vote for a pro-growth, de-regulatory moves of the Trump agenda. But antitrust is a countercurrent.  Attacking monopolies or oligopolies would mean using regulations that are already on the books. Antitrust action can be slowed or benefited by Congress.

So, every GOP vote is like voting against Berkshire and MHI.

Should Berkshire get the break-up treatment, don’t be surprised at the ways that MHI will be caught up in that maelstrom.  There are several ways we’ve shown in recent years that MHI has purportedly crossed the line.  They’ve never challenged it.

As independents, every Pro-Trump GOP Vote is like voting for freedom, more professional and more investment opportunities.

For residents and homeowners, a pro-GOP vote is how enhanced preemption, better lending, and other reforms get done that will raise their manufactured homes’ values.

MHI has been the arguable tool for Berkshire in MHVille for some years. The triangle between Arlington, VA based MHI – and their big brothers in Omaha and Knoxville – have been an unholy alliance for too long. Vote to change it.  That’s why a new association is underway, also one of the stories linked below.

As an FYI – if you know those who were specifically hurt financially by MHI, Clayton, 21st, et al, please have them send an email with ANTITRUST in the subject line.

16 days from now, the second phase of freedom from Omaha, Knoxville and Arlington could come. God bless America. God bless, inspire and guide all.  Thanks for checking in, and we’ll turn this over to Soheyla to finish what follows below.

LATonyKovachGoodBipartisanshipShouldalwaysBepredicatedBenefitallhonestindustrymembersnotslectfewquote

The comment above was said with respect to another recent topic, but relates to this issue too. FYI, the hot lined featured image above is different than the hotlink recent topic.

L. A. ‘Tony’ Kovach.

 

 

 

 

 

 

 

 

 

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To learn more about business development or to advertise on the #1 site in MHVille among professionals and investors, click here.

 

What’s New on MHLivingNews

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Manufactured Home Resident Group President Cautions Against MHAction, Surprising Background Reveal to Manufactured Housing Action

 

The Latest News from MHARR

 

HUD “Clarification” on Frost-Free IB Offers More Questions and Confusion Than Answers

HUD Will Not Finalize Proposed “Frost-Free” Interpretive Bulletin

 

What’s New on the Masthead

GIGO, Esther Sullivan, Clayton Homes, Boston Globe, GSMOL on ‘Manufactured Insecurity-Mobile Home Parks and Americans’ Tenuous Right to Place’

 

Headline News Week in Review on the Daily Business News on MHProNews

1DailyBusinessNewsLogoMHProNewsLogo-1

Saturday 10.20.2018

Expose! Why Has Warren Buffett/BH Funded Anti-MHC Activists, MHAction? Why Fund Attacks on ELS, Frank Rolfe, Blackstone Group?

Expose! Why Has Warren Buffett/BH Funded Anti-MHC Activists, MHAction? Why Fund Attacks on ELS, Frank Rolfe, Blackstone Group?

 

Friday 10.19.2018 

MarketWatch Reports Warren Buffett’s Midterm Campaign Contributions 

Nickel Plan Could Boost Economy, Says Moody’s, Black MAGA Housing Story, Plus MH Market Updates

Official Federal Housing and Construction Activity Report, Video

Official Federal Housing and Construction Activity Report, Video

While GSEs Play Footsy with MHI, Congressional Leadership Demands Answers on FHFA

While GSEs Play Footsy with MHI, Congressional Leadership Demands Answers on FHFA

 

Thursday 10.18.2018

Has POTUS Trump Signaled Major Financial System Change After Midterms? Plus, MH Market Updates

Metro Media News 7 Video Report Compares MODS to Lego, Belittles “Mobile Homes” 

“The Creepy Line” Video DocuDrama, Manufactured Housing – The Problem, Solution, and You

“The Creepy Line” Video DocuDrama, Manufactured Housing – The Problem, Solution, and You

Manufactured Housing Institute Shipment Data, FEMA, an Inside Look

Manufactured Housing Institute Shipment Data, FEMA, an Inside Look

 

Wednesday 10.17.2018 

10 Year Record for America, U.S. Named World’s Most Competitive Economy

10 Year Record for America, U.S. Named World’s Most Competitive Economy

Budget Cuts, Mick Mulvaney, and Manufactured Housing Market Updates

Manufactured Housing Institute (MHI), Women, #MeToo and Insider Information

Manufactured Housing Institute (MHI), Women, #MeToo and Insider Information

New National Manufactured Housing Association Makes Its Appeal to Industry Members

New National Manufactured Housing Association Makes Its Appeal to Industry Members

 

Tuesday 10.16.2018 

HUD Secretary Carson Visits North Carolina, POTUS to FL, Survey Hurricane Damage, Response Efforts, Federal Funds

Morgan Stanley, CNBC – Investors Want GOP Wave but Ponder Split Control of Congress, Plus MH Market Updates

Morgan Stanley, CNBC – Investors Want GOP Wave but Ponder Split Control of Congress, Plus MH Market Updates

Big Manufactured Home Community Operator, MH Owner Kid Rock, John James, Donald Trump Jr, and Debbie Stabenow

Big Manufactured Home Community Operator, MH Owner Kid Rock, John James, Donald Trump Jr, and Debbie Stabenow

“He’s Lying,” Campaign Insider Video – “Don’t Do Politics?” Tell Jim Clayton, Phil Bredesen, and Marsha Blackburn, Preserving Access to Manufactured Housing Act Supporter

“He’s Lying,” Campaign Insider Video – “Don’t Do Politics?” Tell Jim Clayton, Phil Bredesen, and Marsha Blackburn, Preserving Access to Manufactured Housing Act Supporter

 

Monday 10.15.2018

Debts, Retail, Dollars, and the Manufactured Housing Industry Evening Market Report 

HUD Announces Post Disaster Assistance for Hurricane Recovery 

Was Manufactured Housing Advocate Congressman Andy Barr Backstabbed?

Was Manufactured Housing Advocate Congressman Andy Barr Backstabbed?

Celebrating Manufactured Housing! Protect, Educate, Promote, and “the Ground Floor”

Celebrating Manufactured Housing! Protect, Educate, Promote, and “the Ground Floor”

 

Sunday 10.14.2018

For Independents, Independent-Minded MH Professionals, and Freedom-Loving Investors Only, Sunday Headline News Recap 10-7 to 10.14.2018

For Independents, Independent-Minded MH Professionals, and Freedom-Loving Investors Only, Sunday Headline News Recap 10-7 to 10.14.2018

We do roughly 2 dozen stories a week between MHProNews and ManufacturedHomeLivingNews. That is roughly the same or more as all of the other trade publishers combined. We carefully selected each topic.  The evening market reports have evolved into a featured highlight, but has all of the market data wrapped around it.  No one else in MHVille does what we do.  Period. That’s why we have the largest audience, by far.  Our sincere thanks for that.

Speaking of thanks, our sources at Legacy Housing tell us that it rained an rained during their event, but they packed their seminars, there was lots of energy and hundreds – hundreds – of floors were sold. They are executed.  We thank them for the opportunity to serve during the last few months.

Back to curation.  Every topic has merit. We highlight some, but that is not to diminish others. We don’t want to weight a page down too much. That said, please take an a little more than an hour and watch the Creepy Line video, see our report and some teaser videos about it, linked above.  Once you’ve seen it, have your friends watch it too.

Then please ponder what Tony said above.

We take our publishing, consulting, marketing and other roles seriously.  When people trust you with their time, that means we are responsible for trying to get it right.  We strive to make sure that we focus on the issues that others can’t, don’t or won’t mention. Among the nicer comments from competitors is the one that said that we cover the stories that others talk about in bars and restaurants. There are nice people in our industry’s trade media. But we cover the reports that others who may be bought and paid for won’t touch.

There are still some professionals that tell us they’d rather not see anything political here on MHProNews. We understand and respect that view. But we disagree, and here’s why. Warren Buffett and his buddies are highly political. They debatably use politics to help get what they want for their businesses. Furthermore, placement issues are all about local or state politics.

Ignore political considerations at your own peril.

The manufactured housing industry is marching towards the midterms, now just over 3 weeks away. No one in manufactured housing even comes close to the kind of breadth of coverage for the issues that impact your business. Maybe that’s why we’re number 1. Our sincere thanks to readers like you, our business development clients and sponsors for making it so.

Together with honest people of good will, we can make our industry and our nation achieve its great potential. “We Provide, You Decide.” © ## (Sunday Morning, weekly headline news review, analysis, and commentary.)

NOTICE: You can join the scores who follow us on Twitter at this link. You can get our ‘read-hot’ industry-leading emailed headline news updates, at this link here.

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SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsSubmitted by Soheyla Kovach to the Daily Business News for MHProNews.com. Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

Related Reports:

Biblical “Talents,” Words, Ideas, Evidence, and Practical Impact on Manufactured Housing, Sunday Morning Recap, MHProNews Headlines Aug 26 to Sept 2, 2018

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NBC Video – Federal Authorities Investigating Clayton Homes, Maxine Waters Denounces Lending “Discrimination” Against Minorities

October 9th, 2018 Comments off


NBCWBIRNewsClaytonHomesLogoManufacturedHousingNotMObileHomesManufacturedhomesDailyBusinessNewsMHProNews600

If you thought it was over for Clayton Homes and their Berkshire Hathaway affiliated lending units with federal officials, mainstream media and other sources are telling the Daily Business News on MHProNews that it’s not.

 

 

WBIR, an NBC News affiliate, said Federal authorities are involved in an ongoing investigating of Clayton Homes for possibly discriminatory action against minority borrowers.

 

 

It’s not all a ‘new story’ to MHVille. But it is a continuation of the same or new issues that the Seattle Times, BuzzFeed News, the New York Times, Wall Street Journal, Guru Focus, the Nation, and other mainstream media outlets have spotlighted in 2018, or previously.

ClaytonHomesSubsidiariesDiscriminateLowModerateIncomeMinorityBuyersHighCostLoansLeaveMaxineWatersCA-DClaytonlogo21stMortgageLogoVanderbiltMortgageLogo

Still from the NBC WBIR 2018 video posted above.

This report posted above by a local Tennessee NBC news affiliate doesn’t include Clayton’s denial of the allegation.  But in fairness, other sources have told MHProNews that Clayton later denied the charges.  They said in part that numerous routine audits have turned up nothing.

DiscriminationChargesJimClaytonKevinClaytonFairHousingComplaintWBIRNBCStillDailyBusinessNewsMHProNews

Still from NBC WBIR news affiliate 2018 video, posted above.

 

But their denial statement is arguably misleading, per other mainstream media, Washington D.C. regulators, and manufactured housing industry sources.

2018-10-09_1427SeattleTimesClaytonHOmesBrianSullivanHUSpokespersonDailyBusinessNewsMHPronews

Austin Frerick is a research fellow at Open Markets, a non-profit focused on problems related to monopolies.

MHProNews has heard directly from federal officials, as well as private attorneys, that are exploring these issues, as well as antitrust, or other concerns.

2018-10-09_1416AustinFrerickWSJCLaytonHomesLendingDailyBusinessNewsMHProNews

Austin Frerick is a fellow with Open Markets, an anti-trust (anti-monopoly) nonprofit organization.

Some have told the Daily Business News that many who have been through such federal investigations or civil procedures already know. These investigations and procedures can take time.

HowClaytonHomesMakesMoneyAustinFrerickTwitterOpenMarketsDailyBusinessNewsManufacturedHousingIndustryMHProNews

Rephrased, there can be a quiet before the storm breaks.

AustinFrerickOpenMarketsAntiTrustAntiMonopolyClaytonHomesWarrenBuffettPredatoryLenderMinoritiesMoreDailyBusinessNewsManufacuredHousingIndustryMHProNews

 

Two Sides of the Clayton Allegations Coin

As MHProNews has said, in America, allegations alone are not proof. Thankfully, in the U.S., one is deemed innocent until proven guilty in a court of law, via a settlement, or plea agreement, etc.

At the same time, the other side of the coin is that Clayton has previously admitted to having paid fines in connection with this ongoing allegations and media scandal.

While denying intent, both Warren Buffett and his colleague at Berkshire Hathaway – Vice Chairman Charlie Munger – have said that they don’t doubt that ‘someone, somewhere has done something wrong.’

 

Berkshire’s Munger’s statement to CNN Money of denial, while admitting in his own words that ‘something indeed could have happened with someone somewhere,’ is posted above.

 

Why It Matters to MHVille

For those who recall the glory days of much higher levels of manufactured home sales, rationale people should ask questions like the following.

  • Why is manufactured housing underperforming?
  • Why is the public perception so poor, in spite of an overall record of quality and home owner satisfaction?
  • Isn’t the steady drum beat of such reports about Clayton or MHI part of the problem?

See some related reports, linked below. We Provide, You Decide.” © (News, analysis, and commentary.)

  1. Footnote: The home shown is a manufactured home, not a mobile home. Also, the community is not a ‘trailer park,’ it is more properly a land lease community for manufactured homes.

NOTICE: You can join the scores who follow us on Twitter at this link. You can get our ‘read-hot’ industry-leading emailed headline news updates, at this link here.

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3) Marketing, Web, Video, Consulting, Recruiting and Training Re-sources

SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsSubmitted by Soheyla Kovach to the Daily Business News for MHProNews.com. Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

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FEDs, MHI, Buffett’s Berkshire’s Clayton Homes Moat, Affordable Housing, and Billion$ in Manufactured Home Market Manipulation

 

Truth, Trump, Tragedy, Triumph, Affordable Housing, and Manufactured Homes

Tech Billionaires, “Moral Cowardice,” MH Industry, and National Impact

August 20th, 2018 Comments off

 

TechBillionairesMoralCowardiceMHINdustryAndNationalImpactDrJasonHillPhDDailyBusienssNewsMHProNews

It’s “Nihilism,” said Jason Hill, Ph.D., with De Paul University in Chicago.

 

An attack on reason.”

An attack on rational argumentation.”

What is Dr. Hill talking about?

Among other concerns, he believes there is a growing power wielded by tech giants over free speech. If you think this doesn’t matter to MHVille, then ask yourself: do you want someone else controlling what you can or can’t say?  Do you want Google, Facebook, Twitter, YouTube or others controlling how or what you say, think on line, and try to do?

JasonDHillDePaulUniversityBioFreeSpeechDailyBusinessNewsMHProNews

 

Various news reports have recently made it clear that Google is working with China’s communist government for a censored version of the internet.  What happened to Google’s motto of “Don’t be Evil”?

Twitter and Facebook’s Mark Zuckerberg have openly admitted that they are more leftist in orientation.

We need to constantly show that we are not adding our own bias, which I fully admit is … is more left-leaning,” Twitter CEO Jack Dorsey said Saturday on CNN.  Zuckerberg made his admission on Capital Hill earlier this year, during his testimony, see that linked further below.

There is a growing trend of shadow banning of views online by these tech titan’s operations.

Part of the essence of the problem of our industry is an informational/educational one. When so much of our communications depends on what happens via these platforms, and their owners are manipulating access to speech, will citizens just accept that as ok?

Hill’s discussion with Tucker Carlson is frankly dark, and goes beyond mere tech.  Tucker in this video clearly suggests that the American people need to react, and say that these types of abuses can’t or shouldn’t stand as is.


Near the end of this video, Dr. Hill finally says that people must stand up and say, “No. This is wrong. Free speech has got to be defended.  I’d go so far as to say that even hate speech, so long as it is not an incitement to violence,” has to be defended.

That was precisely the view of the founding fathers of this nation. Let free speech lead to a robust discussion, which in turn would clarify a truth on a given subject.  By contrast, controlled speech is the vision of totalitarians and demagogues. It’s part of what George Orwell warned his readers about in the classic, dystopian novel, 1984.

While the video above is often framing the discussion as a left vs. right issue, the reality is that it is a control over speech issue. Keep in mind the bruhaha just last week, when a Facebook executive’s talk to news professionals drew shocked responses.

 

“Work With Us Or Die,” Threat from Facebook’s Brown, per SUN Report

That Facebook executive’s essential point was that independent news media would die if they don’t work with their social media platform. While Facebook denied that’s what they meant, isn’t their raw power being admitted to, either way?  See that report, linked above.

 

The Solution?

Complaining about a problem without posing a solution is called whining,” said Teddy Roosevelt, America’s 26th President, per Goodreads.

The answer for this problem that Dr. Hill raises?

Perhaps it is what Scott Galloway, of New York Stern’s School of Business has said.

ScottGallowayNYSternUniversityL2AntiTrustAntiMonopolyDailyBusinessNEwsMHProNews555

Galloway believes it is time to break up the tech giants under antitrust laws. Facebook has skyrocketed their lobbying dollars on Capitol Hill this year, hoping to avoid just that sort of outcome. On paper, voices from the political left to the right are among those who think a breakup under antitrust law is just what is needed.  But will there be enough support and moral courage to see that kind of challenge through?

 

NY Stern University’s Scott Galloway on Facebook Founder Mark Zuckerberg’s Capitol Hill Hearings

Antitrust laws also arguably ought to be exercised within manufactured housing too, for the same kinds of reason’s Professor Galloway cites.  For more on that, see the related reports, linked above and below. “We Provide, You Decide.” © ## (News, analysis and commentary.)

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SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsSubmitted by Soheyla Kovach to the Daily Business News for MHProNews.com. Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

 

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