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Nicholas C. Zakas on Twitter:
“Mom: Dad said you invented a thing? ESLint?
Me: Yes.
Mom: What is it?
Me: It finds and fixes problems in JavaScript.
Mom: Huh. Do people use it?
Me: Basically everyone writing JS.
Mom: How much did you make on it?
Me: Nothing.
Mom: I don’t understand your industry.
Me: Me either.”

► Open Collective @opencollect
Organizing the Internet generation, one community at a time.

Elsevier journal editors resign, start rival open-access journal

Bryce Weiner “The true financial power of cryptocurrencies aren’t in the limited supplies which drive market volatility, but in the ability to mint your own money. That’s what “being your own bank” really means.”

Hacker Fantastic “2,982 bitcoin miners exposed to the Internet, have factory default credentials of “root/root” and an insecure unsigned firmware update process… this is going to end in tears

Wikipedia’s Larry Sanger Joins Blockchain Startup to Disrupt His Own Creation

World War II’s Best Codebreaker Was a Woman Elizebeth Smith Friedman

Shodan is the world’s first search engine for Internet-connected device  Antminer

►  Tim Bray · Google Memory Loss is ongoing – google isn’t coughing it up anymore / they don’t waste their effort going back to get what you are looking for – this has become the worst search engine to use.

Federal Watchdog Issues Scathing Report On Ed Department’s Handling Of Student Loans

Federal Watchdog Issues Scathing Report On Ed Department’s Handling Of Student Loans

Hi high school teachers. I just distributed a 10-lesson investigative journalism curriculum to 23 interested teachers from 16 different states and Puerto Rico! If you didn’t sign up the first time, you still can. Send me an email: je*************@********ca.org.

Ed Dept failed to protect borrowers from companies that manage federal student loans, watchdog says in scathing report

https://www.npr.org/2019/02/14/694477547/federal-watchdog-issues-scathing-report-on-ed-departments-handling-of-student-lo

BLAME

BETSY DEVOS

Navient and the Pennsylvania Higher Education Assistance Agency, better known as FedLoan.

The audit documents several common failures by the servicers, among them, not telling borrowers about all of their repayment options, or miscalculating what borrowers should have to pay through an income-driven repayment plan. According to the review, two loan servicing companies, Navient and the Pennsylvania Higher Education Assistance Agency, better known as FedLoan, repeatedly placed borrowers into costly forbearance without offering them other, more beneficial options.

A critical new report from the U.S. Department of Education’s Office of Inspector General finds the department’s student loan unit failed to adequately supervise the companies it pays to manage the nation’s trillion-dollar portfolio of federal student loans. The report also rebukes the department’s office of Federal Student Aid for rarely penalizing companies that failed to follow the rules.

Instead of safeguarding borrowers’ interests, the report says, FSA’s inconsistent oversight allowed these companies, known as loan servicers, to potentially hurt borrowers and pocket government dollars that should have been refunded because servicers weren’t meeting federal requirements.

“By not holding servicers accountable,” the report says, “FSA could give its servicers the impression that it is not concerned with servicer noncompliance with Federal loan servicing requirements, including protecting borrowers’ rights.”

“It’s hard to look at this as anything other than completely damning,” says Seth Frotman, a consumer advocate and former government, student loan watchdog who is now executive director of the Student Borrower Protection Center. “This is the most damaging in a long line of investigations, audits, and reports that show the Department of Education is asleep at the switch when it is responsible for over a trillion dollars of student loan debt.”

K12 Department of Education #BetsyDevos Brother Founder Of Blackwater, Is Setting Up A Private Army For China

The controversial Blackwater founder says he is setting up two bases in China, but his company says “this does not involve armed personnel.”

https://www.buzzfeednews.com/article/aramroston/betsy-devoss-brother-is-setting-up-a-private-army-for-china

Erik Prince — founder of the private military company Blackwater, financial backer of President Donald Trump, brother to the new Education Secretary Betsy DeVos, and frequent Breitbart radio guest of White House power broker Stephen Bannon — has been offering his military expertise to support Chinese government objectives and setting up two Blackwater-style training camps in China, according to sources and his own company statements.

The move could put him at odds with Trump, who has often taken a hard line against China, and could also risk violating US law, which prohibits the export of military services or equipment to China.

Erik Prince.

Former associates of the 47-year-old Prince told BuzzFeed News that the controversial businessman envisions using the bases to train and deploy an army of Chinese retired soldiers who can protect Chinese corporate and government strategic interests around the world, without having to involve the Chinese People’s Liberation Army.

The American mercenary behind Blackwater is helping China establish the new Silk Road

For years, China has groomed landlocked Yunnan province in its southwest to be the country’s strategic bridgehead into Southeast Asia, building highways and rail lines to its borders with Vietnam, Laos, and Myanmar to one day weave them into a regional, and eventually, transcontinental transport network.

As China pushes ahead with president Xi Jinping’s ambitious $1 trillion One Belt, One Road (OBOR) initiative—which reimagines a historic trade network as an overland Silk Road Economic “Belt” and a Maritime Silk “Road”—protecting Chinese business executives and other personnel and their rapidly growing investments in the region is more important than ever.

Mueller evidence shows Blackwater founder held meeting to create Trump-Russia back channel: report

Special counsel Robert Mueller has evidence showing that a meeting in the Seychelles last year between the founder of a private security company and a Russian official was intended to set up a back channel between the Trump administration and the Kremlin.

The Washington Post reported Wednesday that a witness cooperating with Mueller has told investigators that the meeting was set up in advance, apparently contradicting what Erik Prince, the founder of the security contractor formerly known as Blackwater, has told lawmakers about the meeting.

Prince had previously told lawmakers and the press that his meeting with Kirill Dmitriev, a Russian official close with Russian President Vladimir Putin, happened by chance and was not set up ahead of time.

But the witness, a Lebanese-American businessman named George Nader, has testified before a grand jury that the meeting, which took place shortly before President Trump’s inauguration, was, in fact, a planned effort.

‘Here’s the system; it sucks’: Meet the Hill staffers hired by Ocasio-Cortez to upend Washington

They will help shape how Ocasio-Cortez works as an activist hoping to refashion the Democratic Party, while she also tries to serve as a more typical member building coalitions and moving legislation.

“It needs to be pointed out how insanely greedy” it is to be a billionaire, Riffle said. “We have to comprehend the scale of $1 billion — just the amount of money we’re talking about. Five million dollars is a lifetime’s fortune; you can live off the interest of that and still be in the top 1 percent. Five million dollars, times 100, is still only halfway to $1 billion.
“It’s a systemic failure on society’s part. On one part of the city, we have people with helipads and yachts that they park inside of yachts, and on the other side we have thousands of people who are homeless and children without health care or food. Those things should not exist simultaneously in a society.”

“The richest 1% of Americans currently own a whopping 40% of total household wealth.” #TaxTheRich

Wealth Inequality Is Way Worse Than You Think, And Tax Havens Play A Big Role

In the United States, wealth has become more concentrated since at any time since the “Roaring” 1920s, Zucman says. The richest 1% of Americans currently own a whopping 40% of total household wealth.

“At the global level, wealth is highly concentrated: the top 10% owns more than 70% of the total wealth in China, Europe, and the United States combined; the bottom 50% owns less than 2%; and the middle 40% owns less than 30%,” the paper says.

In the United States, wealth has become more concentrated since at any time since the “Roaring” 1920s, Zucman says. The richest 1% of Americans currently own a whopping 40% of total household wealth.

Zucman identifies another dubious honor for the United States: “No country (apart from Russia) for which estimates of wealth inequality are available has similarly high recorded levels of wealth inequality.”

https://www.forbes.com/sites/pedrodacosta/2019/02/12/wealth-inequality-is-way-worse-than-you-think-and-tax-havens-play-a-big-role/#10c2e9f0eac8