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SECURITY
“did you know that Trump has his own “shadow secretary of state” who’s been flying around the world, cooking up secret deals with right-wing regimes? Meet Richard Grenell, vocal tribune of Trump’s America First credo on the international stage and the man hotly tipped to become secretary of state if the presumed Republican nominee beats Joe Biden in November’s presidential election.
The Logan Act was intended to prohibit United States citizens without authority from interfering in relations between the United States and foreign governments.” why the fuck is an 88-count indicted criminal being allowed to sabotage US foreign policy, by Jeff Tiedrich
U.N. climate chief says two years to save the planet
Pfizer’s Massive Tax Dodge
https://www.levernews.com/pfizers-massive-tax-dodge/
Corporate Tax Avoidance in the First Five Years of the Trump Tax Law https://itep.org/corporate-tax-avoidance-trump-tax-law/
Trump Media director accused of ‘hacking’ files in attempted corporate ‘coup’: Lawsuit
US Drones Are Expensive and Error Prone so Ukraine Turns to China
There’s are solid reasons why DJI is so far ahead in this tech.
House intelligence chair says Republicans are ‘absolutely’ repeating Russian propaganda
AI
Is ChatGPT corrupting peer review? Telltale words hint at AI use
Habsburg AI
Ed Zitron @edzitron
This is the beginning of the true habsburg AI/model collapse situation for Grok, which is already training on tweets. Now Premium users (who already spam the platform) will be able to generate tweets in seconds, which will in turn be fed back into Grok.
Bit of a Friday scoop… Elon Musk wants to make Grok AI an option for X premium users to compose tweets. Musk told engineers do it a few months ago, and according to a source, the team is stalling.
FirstEnergy gave $1M donation through dark money group to back Jon Husted, records show
Now we have confirmation that an electric utility company directed millions in political donations through a dark money group to shore up support to bail out two nuclear plants.
We’ve been raising the alarm about this dark money network for years now.
Kentucky GOP lawmakers remove Democratic governor’s role in filling US Senate vacancies Aides said McConnell’s announcement was unrelated to his health.
OpenAI transcribed over a million hours of YouTube videos to train its LLMs, Google engaged in same practice
BANKS
For the First Time in History, the Fed Is Reporting Billions in Losses Weekly; It’s Still Paying High Interest Income to the Mega Banks on Wall Street
As of April 3 of this year, the Federal Reserve (Fed) has racked up $161 billion in accumulated losses. We’re not talking about unrealized losses on the underwater debt securities the Fed holds on its balance sheet, which it does not mark to market.
https://wallstreetonparade.com/2024/04/for-the-first-time-in-history-the-fed-is-reporting-billions-in-losses-weekly-its-still-paying-high-interest-income-to-the-mega-banks-on-wall-street/
New York Fed Will Not Confirm or Deny that 5-Count Felon JPMorgan Chase Is Custodian of $2.4 Trillion of Its Securities
As the financial crisis of 2008 was ravaging century-old financial institutions on Wall Street and collapsing the U.S. economy, the central bank of the United States, the Federal Reserve, launched an effort to restore market liquidity by becoming the buyer of the toxic sludge flooding Wall Street in the form of Mortgage-Backed Securities (MBS).
https://wallstreetonparade.com/2024/04/new-york-fed-will-not-confirm-or-deny-that-5-count-felon-jpmorgan-chase-is-custodian-of-2-4-trillion-of-its-securities/
The Black Swan Rears Its Head: The Fed Has Negative Capital Using GAAP
Accounting
https://wallstreetonparade.com/2024/04/the-black-swan-rears-its-head-the-fed-has-negative-capital-using-gaap-accounting/
The Fed’s unprecedented experiments with years of ZIRP (Zero Interest Rate Policy) and QE (Quantitative Easing), where it bought up trillions of dollars of low-yielding U.S. Treasuries and agency Mortgage-Backed Securities (MBS) and quietly parked them on its balance sheet, are now posing a threat to the Fed’s flexibility in conducting monetary policy. (Since 2008, the Fed’s concept of conducting monetary policy has come to enshrine serial Wall Street mega bank bailouts as a regular part of its monetary policy. Large and growing cash losses at the Fed may seriously crimp such future bailouts.)
Lord of the Roths: How Tech Mogul Peter Thiel
https://www.theguardian.com/us-news/2024/apr/08/republican-mike-turner-russia-propagandaTurned a Retirement Account for the Middle Class Into a $5 Billion Tax-Free Piggy Bank. To put that into perspective, here’s how much the average Roth was worth at the end of 2018: $39,108.
And here’s how much $5 billion is: If every one of the 2.3 million people in Houston, Texas, were to deposit $2,000 into a bank today, those accounts still wouldn’t equal what Thiel has in his Roth IRA.
Yet, from the start, a small number of entrepreneurs, like Thiel, made an end run around the rules: Open a Roth with $2,000 or less. Get a sweetheart deal to buy a stake in a startup that has a good chance of one day exploding in value. Pay just fractions of a penny per share, a price low enough to buy huge numbers of shares. Watch as all the gains on that stock — no matter how giant — are shielded from taxes forever, as long as the IRA remains untouched until age 59 and a half. Then use the proceeds, still inside the Roth, to make other investments.
About a decade after the creation of the Roth, Congress made it even easier to turn the accounts into mammoth tax shelters. It allowed everyone — including the very richest Americans — to take money they’d stowed in less favorable traditional retirement accounts and, after paying a one-time tax, shift them to a Roth where their money could grow unchecked by Uncle Sam — a Bermuda-style tax haven right here in the U.S.
PRIVACY
FISA in the U.S. House.
The bill should be stopped because it lacks warrant protection for Americans – thanks to 86 Republicans & 126 Democrats who killed the warrant. #GetAWarrant
If you were mad about your House rep voting to let the government spy on you without a warrant (“FISA 702″ – fy-za seven-oh-two), we may have one last shot. CALL YOUR REP @ (202) 224-3121 and say
” , .”
BITCOIN
Why #bitcoin isn’t going to zero…
The internet (TCP/IP) protocol was invented in the ’70s (50 years ago) and still going strong.
Email (SMTP) protocol was invented in the ’80s (40 years ago) and still going strong.
#bitcoin (BTC) protocol was invented 15 years ago and is still going strong.
Protocols are not just a single piece of software. Protocols persist because of network effect and the ability to sequentially improve on them over time.
Also TCP/IP is a layered stack, but it did not start there. Near its inception some groups wanted to change TCP to provide the functionality of the emerging adjacent standards… This would have potentially degraded the reliability and robustness of the protocol…
You can think of #Bitcoin as the base layer protocol. Instead of trying to change the base layer “big blocks ect” most agree that building a stack is less harmful to the reliability of the base layer protocol…