#POLITICS
Why are there so many tech layoffs, and why should we be worried?
As layoffs in the tech sector mount, Stanford Graduate School of Business Professor Jeffrey Pfeffer is worried. Research – by him, and others – has shown that the stress layoffs create takes a devastating toll on behavioral and physical health and increases mortality and morbidity substantially. Layoffs literally kill people, he said.
Why are so many tech companies laying people off right now?
The tech industry layoffs are basically an instance of social contagion, in which companies imitate what others are doing. If you look for reasons for why companies do layoffs, the reason is that everybody else is doing it. Layoffs are the result of imitative behavior and are not particularly evidence-based.
Texas Paul Schroder @Paultx890
FYI, cutting funding to cripple the IRS by Republicans has to pass through not just the House but also the Senate. It must also survive a Presidential veto. It’s dead before it finished leaving the vocal cords of those traitor bastards.
Senator Amanda Cappelletti @SenCappelletti
I was just called “out of order” in committee for calling January 6, 2021 exactly what it was: an insurrection.
WOW: After Dr Dre got her locked out of her Twitter account for stealing his music, Marjorie Taylor Greene just ATTACKED his “thug” lyrics.
Is there anything more Republican than appropriating a Black man’s music AND attacking it with racist dog whistles at the same time?
Kevin McCarthy agreed to cut aid for Ukraine 🇺🇦 to secure enough votes to become Speaker of the US 🇺🇸 House of Representatives, reported The Telegraph
@emptywheel
The people pretending there are hairs to split between the Biden and Trump docs story are missing one of the funniest differences.
At the time–continually since 2008–Biden had clearance.
Trump did not.
Anyway the crime in question–18 USC 793e–is refusing to give [classified] docs back.
Biden gave them back.
Trump still hasn’t.
The moment they were discovered they were all returned – they were not hidden or moved to another hiding place.
No search warrant was needed.
No affidavit falsely asserting all were returned was made.
No special master from a special’ judge was ordered.
Traditionally, former Presidents continue to receive classified intelligence briefings Biden did not extend this courtesy to Trump because of the security risk he presented *before* classified documents were found at MAL.
#AI
Cybercriminals Starting to Use ChatGPT – Check Point Research
hatGPT has also added some spice to the modern cyber threat landscape as it quickly became apparent that code generation can help less-skilled threat actors effortlessly launch cyberattacks.
Researcher Deepfakes His Voice, Uses AI to Demand Refund From Wells Fargo
“Kids are using AI to write essays and get straight A/s”
Will AI Art Help or Hurt Artists?
Imagine creating an entire painting by typing a few sentences. AI tools like Stable Diffusion will forever change how people create art. But will AI help or hurt artists? And what lessons can we learn from history on how this will play out? The AI model trains using images from other artists without their permission. As you can imagine, this has ethical implications.
#FTX
Sullivan & Cromwell, FTX Lead Counsel in Bankruptcy, Says It Has No Adverse Relationships, Despite Representing Four of FTX’s Crypto Exchange Competitors Andrew (Andy) Dietderich, Law Partner at Sullivan & Cromwell Sullivan & Cromwell ranks among the oldest law firms in America. It was founded 144 years ago by Algernon Sydney Sullivan and William Nelson Cromwell in Manhattan’s financial district. During the financial bust in the 1930s, Sullivan & Cromwell […]
#DEBT
2022 Visualizing $65 Trillion in Hidden Dollar Debt
FX swap debt a $80 trillion ‘blind spot’ BIS says
No less than $65 trillion in unrecorded dollar debt circulates across the global financial system in non-U.S. banks and shadow banks. To put in perspective, global GDP sits at $104 trillion.
This dollar debt is in the form of foreign-exchange swaps, which have exploded over the last decade due to years of monetary easing and ultra-low interest rates, as investors searched for higher yields. Today, unrecorded debt from these foreign-exchange swaps is worth more than double the dollar debt officially recorded on balance sheets across these institutions.
Visualizing $65 Trillion in Hidden Dollar Debt
READ https://elements.visualcapitalist.com/visualizing-65-trillion-in-hidden-dollar-debt/
We’ve charted the rise in hidden dollar debt across non-US financial institutions & examined the wider implications of its growth:
According to the BIS, non-banks outside the US owe a mind-blowing $25 trillion in missing debt. And if that wasn’t enough, non-US banks owe an additional $35 trillion. It’s more than the combined total of US dollar Treasury bills, repurchase agreements, and commercial paper.
No problem – just create more! That’s the game.
Or…. maybe there is no such thing as a debt. There is only wealth transfer.
Fix The Money
Stack sats, separate money from state, end war, make the world a better place.
Total global debt is somewhere in the neighborhood of 400 trillion.
Couple that with total global assets and you get to 900 trillion USD.
Now say #bitcoin only absorbs 5% of that 900 trillion, that gives you a price target of 2.2 million per #bitcoin. Math is fun.
White Hat Gummo @GummoXXX Dec 13, 2022
#Binance should not be trusted. If you have money with this outfit you should remove it. #cryptocurrencies
Being kind to others is probably one of the best fucking things you can do today & everyday..
As per his claims, he says he is holding 171,347.32 BTC with BTC trading at $16,962 per coin, his stack is worth $2,906,387,814 today.
@GummoXXX teaching at https://www.ju.edu/
#hacker #blackhat | Hacker since 1986.
Ponte Vedra Beach, Florida
#Ethereum is an un-trusted biased network
Nov 21, 2022
Guys, if some #bitcoin or crypto evangelists is selling books, offering advice, has a telegram channel, website, app, has a significant ostentatious tone, it’s probably #bullshit these fuckers getting on stages at these crypto conferences are all fucking frauds. DONT send them $!
fun fact : I learned how to read & write aramaic by the agE of 14 😉 my colleagues used to trip out when they would see my notes ha!
Nov 10, 2022
…typical crypto scams be like
1. Has a telegram channel
2. Cannot be verified through ANY legitimate diligence
3. Obscure technologies
4. Operates outside of United States Jurisdictions
5. Usually some self professed crypt0 ‘god’ supposedly has the ‘secret’
6. +4% rtn
Good News
99% Efficiency: Princeton Engineers Have Developed a New Way To Remove Microplastics From Water
FDA Approves Alzheimer’s Drug Lecanemab Intended To Tackle The Root Of The Condition And Slow Cognitive Decline Amid Safety Concerns What many regard as a milestone approval has been tainted by reports of deaths that may have been caused by the therapy. Lecanemab, the second medication to treat Alzheimer’s disease and delay cognitive decline, has been given the green light by the US Food and Drug Administration (FDA). Researchers applaud the decision, but the joy is tempered by reports that the FDA acted incorrectly when it approved the first such medicine last year and patient deaths.