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ECP NetHappenings News Headlines
Nationwide AT&T mobile service disruption reported, blocking all calls, texts, and data
And this as AT&T is trying to kill landline and other non-mobile services here in California! Utterly incompetent. -L
911 centers cut off from mobile users by massive AT&T mobile outage, they are advising people to use landlines Those landlines that AT&T wants to pull out of California, of course!
https://www.washingtonpost.com/business/2024/02/22/att-outage-911/
Judge Engoron just responded to Donald Trump’s attempt to pause having to pay off more than $400 million, saying, “You have failed to explain, much less justify, any basis for a stay.” More bad news for Trump, but great news for justice. Thank you, Judge Engoron.
Is Larry Summers Dead Yet?
“Larry Summers and the Subversion of Economics”
“Rarely has one individual embodied so much of what is wrong with economics, with academe, and indeed with the American economy.”
Remember the mnemonic the FBI uses to determine if someone is unfit for a position of public trust:
CARLA F. BAD
Character
Associates
Reputation
Loyalty
Ability
Finances
Bias
Alcohol/Addictions
Drugs
Use it to determine who YOU would put in charge of running the country
Navalny
The first clue that Navalny was about to die was when workers removed the bars from his cell window. -L
Feds charge Japanese Yakuza leader with nuclear materials trafficking
Musk is a Pro Putin Puppet.
Elon Musk and his incel simps don’t want women to vote. You understand what’s at stake for the next election right ladies?
US judge orders Elon Musk to testify in SEC’s Twitter probe
A federal judge ordered Elon Musk to testify again in the U.S. Securities and Exchange Commission’s probe of his $44 billion takeover of Twitter, giving the regulator and the billionaire a week to agree on a date and location for the interview.
U.S. Magistrate Judge Laurel Beeler’s order, issued on Saturday night, formalized a tentative ruling she made in December that sided with the regulator.
The SEC sued Musk in October to compel the Tesla (TSLA.O) and SpaceX CEO to testify as part of an investigation into his 2022 purchase of Twitter, the social media giant that he subsequently renamed X. Musk refused to attend an interview in September that was part of the probe, the SEC said.
Russia is using SpaceX’s Starlink satellite devices in Ukraine, sources say
Elon Musk’s company, once hailed for aiding the besieged country, now appears to be helping its invaders as well.
Russia is using Starlink in occupied areas, Ukraine says
News: X took payment from terrorists, campaigners say
The majority of traffic from Elon Musk’s X may have been fake during the Super Bowl, report suggests
MERRICK GARLAND
Why Attorney General Merrick Garland Is Not Equipped For This Moment. Merrick Garland Needs to Be Thanked For His Service and Shown the Door
He is not equipped to use all the tools god gave the Department of Justice to thwart the genuine threat to the Republic that is El Caudillo del Mar-A-Lago, and the dangerous political climate he has created. The former president* should have been charged federally with insurrection literally years ago.
Listen to this about Jessica Denson, she took the Orange Jesus down first on her own. Of course Journalists didn’t cover it or you’d already know.
[Uh, no thanks.] Mozilla lays off 60 people, wants to build AI into Firefox. There goes Firefox down the drain! -L
Yale University apologizes for its role in slavery AND according to the article so did every other higher ed institution.
ChatGPT
“Please, developers and military personnel, don’t let your chatbots grow up to generals.”Could GPT-5 revolutionize military strategy?
ChatGPT Enterprise has lost its mind
Over the last few hours, people reporting having been report a variety of problems with ChatGPT: more at https://x.com/promisebender/status/1760092747468595346
The Finnish miracle: how the country halved its suicide rate – and saved countless lives
It is now often known as the ‘world’s happiest country’, but Finland used to have one of the highest suicide rates in the world. From alcohol to antidepressants, here are the changes that made the difference.
Senate Finance Cmte @SenateFinance NEWS:
the full report
https://www.finance.senate.gov/imo/media/doc/ppli_report_final.pdf
Wyden Exposes Private Placement Life Insurance as a Tax Shelter for the Ultra-Wealthy Holding at Least $40 Billion
https://www.finance.senate.gov/chairmans-news/wyden-exposes-private-placement-life-insurance-as-a-tax-shelter-for-the-ultra-wealthy-holding-at-least-40-billio
The investigation, the first of its kind into PPLI, found that the domestic PPLI industry is now a tax shelter made up of at least $40 billion in policies held by only a few thousand individuals, who have net-worths reaching into the hundreds of millions or billions of dollars. Marketing materials obtained by the committee from the largest PPLI providers revealed how PPLI products were explicitly promoted as tax-free investments in private equity and hedge funds, as well as a means to dodge income, gift and estate taxes. Policyholders were also able to borrow against those assets at extremely favorable rates.
The investigation found that PPLI represents just 0.003 percent of all individual life insurance policies in force in the United States. The IRS is largely unable to enforce investor control rules in place to prevent the abuse of tax-advantaged financial products like PPLI. At the moment, there is no requirement to report ownership of PPLI on a tax return, allowing wealthy investors to use PPLI to shield lucrative investments in alternative assets from scrutiny by the IRS. The report on Senator Wyden’s investigation includes a framework for forthcoming legislation that will curb the use of PPLI as a tax shelter.
“I’m a strong defender of life insurance as a source of financial security for hardworking American families and retirees, but that’s not what’s going on with these tax-dodging private placement policies that are available only to the ultra-wealthy. When you subject these policies to even the slightest bit of scrutiny, it’s clear that this is just a tax shelter for the investments of the mega-rich masquerading as life insurance. None of this is available to middle-class Americans,” Senator Wyden said. “As is often the case with our tax code and the ultra-wealthy, the scandal here is what’s legal. The companies weren’t even trying to hide the fact that their PPLI policies were tax dodges for the very top — that’s precisely how they were promoted. It’s obvious that this is an abuse of the rules that are intended to protect typical American families, so Congress must change the law to put a stop to it.”