November 2015

Defining Diversity in Silicon Valley and on Wall Street

No one seems to disagree that the long-term health of a company depends on having a work force that reflects the marketplace in which companies do business. But solving the challenge of hiring a diverse work force is not as easy as it might seem.

Foremost is the question of how diversity is defined. Is a work force diverse if many ethnicities are represented but everyone is male and under 35? Or if it’s a mix of men and women but a majority hold degrees from Stanford or Harvard? What are companies to do if certain fields, as is often said about engineering, are predominantly male? If it sounds confusing, it is. Diversity often varies by industry. And although the composition of Silicon Valley’s work force has come under scrutiny lately, it is at least trying to change its image.

Donald Trump ‘SNL’ Protest a Bust, Draws Tiny Crowd

The rally to protest Donald Trump hosting “Saturday Night Live” was mostly a bust. The crowd outside Rockefeller Center in New York is estimated to have been between 40 and more than 100 people.

The NHMC reported the crowd to be more than 100 strong. In a statement to reporters, NHMC president and CEO Alex Nogales said, “‘Saturday Night Live’ is not a news entity, it is a pop culture giant, and should not be in the business of giving acceptance and legitimacy to the views of a racist extremist by having him host a program. To do so is insensitive and will contribute to the wave of bigotry he is creating.”

The Donald On ‘SNL’: Equal Time Isn’t Needed

[Commentary] Presidential hopeful Donald Trump this weekend is poised to do for the Republicans what Hillary Clinton has done for the Democrats: trigger the “equal time” doctrine with an appearance on “Saturday Night Live.”

The Radio Act of 1927 created the equal-time doctrine when airtime was a scarce commodity, so important for electoral success that federal regulation was deemed the only way to protect the public interest. Lawmakers’ intention was to foster debate. But in practice the doctrine often has the opposite effect. Now the biggest issue may be technological. Thanks to new content-distribution methods—cable, satellite and the Internet—the once “scarce” resource of broadcast airtime has given way to an endless array of opportunities. Holding a small number of broadcast stations and cable and satellite operators to a century-old standard makes little sense. Given the few situations that now trigger the equal-time doctrine, the explosion in available media outlets, and the government’s strained interpretations of the rule, it is hard to imagine how the doctrine yields more speech than it chills.

[Boliek, a visiting fellow at the American Enterprise Institute, and Muller are associate professors of law at Pepperdine University]

Airbnb and Uber Mobilize Vast User Base to Sway Policy

Over the last few years, so-called sharing companies like Airbnb and Uber — online platforms that allow strangers to pay one another for a room or a ride — have established footholds in thousands of communities well before local regulators have figured out how to deal with them. Now, as cities grapple with the growth of these services and try to pass rules for how they should operate, the companies are fighting back by turning their users into a vast political operation that can be mobilized at any sign of a threat.

Republican super PACs are outspending 2016 candidates on TV by 20-to-1

Analyzing television ad spending data from SMG Delta, NBC's Mark Murray writes that Republican super PACs have spent $20 on television ads for every dollar spent by a Republican presidential candidate's campaign. For the Democrats, the ratio is flipped. Democrats have spent about $19 of their own for every dollar spent by super PACs supporting them. But then, if you think about it, that makes sense.

Jeb Bush's super PAC is way outspending his campaign -- just as his super PAC way outraised it. For Clinton, the opposite is true -- just as the opposite is true on ad spending by each party. Republican super PACs have still spent money on TV ads at a much higher ratio than the ratio of how much more they've raised. Part of that, as Murray notes, is that super PACs generally pay higher ad rates than campaigns, due to a law that allows political campaigns to pay lower rates.