Yeah, investing in a company is investing in the whole company and all of its projects. Lies about your company are only fraud when the lies rise to the level of making a material difference to how a typical investor would value that company. If the lies are about a very minor percentage of revenue or profit, then it’s not gonna rise to the level of securities fraud.
The actual data compromise happened sometime before July 2022, months before Elon’s purchase of Twitter happened. Telling people they shouldn’t have registered their real phone numbers to Twitter in 2015 or whatever isn’t really a helpful argument to make today.
Nearly half of U.S. adults
Half of LLM users (49%)
No, about a quarter of U.S. adults believe LLMs are smarter than they are. Only about half of adults are LLM users, and only about half of those users think that.
Actually for federal sentencing, property destruction is punished under the same table as theft. It’s mostly measured from the amount of loss to the victims, whether the person actually profited from it or not.
“Up to 10 years” is the maximum possible for that type of crime. Actual sentencing guidelines for a $500k loss for a first time offender will probably come out to about 2, maybe 3 years.
In order for the recommended sentence to hit 10 years, we’d have to be talking about damage of over $550 million, or something like a long criminal history.
Substantial disruption of critical infrastructure would get someone to around 5 years, as a reference.
People generally aren’t sentenced to the maximum penalty for a crime, so it’s not very useful to compare the maximum potential sentence for a charged crime versus the actual sentence received after conviction on another crime. The Indianapolis hit and run carried potential penalties of more than 15 years. This DVD guy will probably get less than 5.
The mass exodus from the Facebook platform has already happened. The others are in progress.
It’s already happened to Facebook. And it’s happening to Twitter. And Reddit. This stuff takes time, but the character and feel of each service has shifted considerably.
At the same time, if a bank goes under, that means they owe more than they own, so “ownership” of that entity is basically worthless. In those cases, a bailout of the customers does nothing for the owners, because the owners still get wiped out.
The GM bailout in 2009 also involved wiping out all the shareholders, the government taking ownership of the new company, and the government spinning off the newly issued stock.
AIG required the company basically issue new stock to dilute owners down to 20% of the company, while the government owned the other 80%, and the government made a big profit when they exited that transaction and sold the stock off to the public.
So it’s not super unusual. Government can take ownership of companies as a condition of a bailout. What we generally don’t necessarily want is the government owning a company long term, because there’s some conflict of interest between its role as regulator and its interest as a shareholder.
Ok, I see where your source went wrong. Par for the course for Investopedia, which tends to get a lot of little details wrong (and sometimes misses the mark on the applicable scope of data that someone else has reported). But they’ve cited the Economic Policy Institute study of 2021 incomes, which looks at the average (mean) earnings within that group, rather than the actual amount that represents the boundary of that group. So it’s not that it takes $3.1 million to be in the top 0.1%, it’s that all the people of the top 1% average out to $3.1 million per year. Which, for the type of power distribution for household or individual incomes, is skewed heavily by the people who have the highest amounts.
And looking at the mean within that group can be fine, for certain purposes, but they’ve gone with the incorrect headline of saying “how much income puts you in the top 10%, 5%, 1%, 0.1%?” So it’s a headline that is wrong, that reports on a different number within the data.
And your own comment, saying that reaching each percentile “starts at” the reported number, is also wrong.
Because holy shit does “dqydj.com” look sketchy as fuck.
It just stands for “don’t quit your day job” and I’ve found that it’s a reliable resource for statistical data that’s widely available (like the ASEC numbers published by the Census Bureau and left to other people to actual turn into data visualization). It’s up to date, and the data matches the summary report on the Census website, so what’s the problem? The summary only reports the 90th and 95th percentiles, though, so I needed to find someone who actually reported on the thresholds for 99 (and not the averages within the top 1%).
Not sure where you’re getting your income percentiles from.
This site shows that 90th percentile (top 10%) household starts at $230k and 99th percentile (top 1%) starts at $631k.
For individuals the same site shows that the 10% starts at $150k and the 1% starts at $430k.
there was a $10k bounty,
$60k. $10k from NYPD and $50k from the FBI.
Figuring out grid scale storage isn’t easy, but the good thing about it is that you can figure out storage at slightly smaller scales to alleviate the problem somewhat, and build on that success to try to get to daily storage to meet nighttime demand, then up to weekly storage to handle fluctuations in weather, and maybe even seasonal storage to deal with seasonal variation in both supply and demand.
But storage doesn’t have to just be chemical batteries, either. Some can be demand shifting, like desalination or water pumping based on excess power supply. Maybe even intermittently powering direct air capture of CO2 if there’s so much excess energy they don’t know what to do with it. Some can be storage of heat, whether really hot like molten salt that can run turbines for dispatchable electricity, or just at the residential scale with a bunch of distributed hot water tanks, or everything in between. There are also some storage technologies relying on gravity (pumped hydro if the geography supports it), compressed air, flywheels (could be important for maintaining grid inertia for stability).
And there’s always curtailment, where you just don’t generate the power, and turn off some the panels in the middle of the day.
Contracts can be modified by the bankruptcy code.
In 11 U.S.C. § 365(f)(1):
Except as provided in subsections (b) and © of this section, notwithstanding a provision in an executory contract or unexpired lease of the debtor, or in applicable law, that prohibits, restricts, or conditions the assignment of such contract or lease, the trustee may assign such contract or lease under paragraph (2) of this subsection.
So any continuing contract in which there are obligations on both sides, such as a premium account where the accountholder pays a fee and the service provider continues providing access to the service, is assignable in a bankruptcy, even if the contract itself says it’s not assignable.
There’s a few other bankruptcy principles at play, but that’s the main one that jumps out at me.
There’s also a classic case where the bankruptcy trustee can sell a bankruptcy debtor’s Pittsburgh Steelers season tickets, including the right to renew for the next year on the same terms as all other season tickets holders. Just because the season tickets are revocable by contract doesn’t mean that the team has the right to exercise that revocation against a bankruptcy debtor just because they don’t like what’s happening in the bankruptcy.
The “what is a bank” question is complicated, so “fintechs” have been operating in areas that are in some gray areas in between “definitely a bank” versus “definitely not a bank.”
At the most informal, you’ve got things like a roommate who collects everyone’s fair share of rent before sending one payment to the landlord, or a parent who keeps track of their kids’ virtual balances of what the kids are allowed to spend. These definitely aren’t banks.
Then you’ve got things like short term balances between people who deal with each other: an employer who keeps track of hours and pays the employee at the end of the pay period, a retail customer who has some store credit from a returned item, a contractor who periodically invoices a customer for work performed, etc. Despite the “credit” and “balances,” these aren’t bank accounts.
Some gray areas get a little bit more complicated. You have airline mileage and hotel point programs where the miles/points can be used to purchase goods and services, including sometimes those not even being offered by the business where the miles were accumulated.
Then you get into banking-like structures that might be, or might not be banks. Is it banking when you buy something on a periodic payment plan? What about when you put down a deposit to reserve a preorder for something you expect to buy when that product is released? Or give someone a gift card for a specific store? Does it matter if these programs are administered by third parties separate from the buyer or seller?
Even things like Apple Cash or PayPal or Venmo or CashApp perform functions that can be bank-like, or not really bank-like.
Fintechs have looked at the constantly updated rules of what they can or can’t do before needing to comply with certain banking regulations, and usually try to avoid accidentally triggering certain rules. And the rules don’t divide into just bank versus not bank, as many of the rules apply to non-banks that do certain things, and many of the rules don’t apply to even banks that stay out of certain product lines. So it’s not a binary yes or no, but a series of complicated areas where some are yes and some are no.
The big problem, where this Synapse bankruptcy is hurting people, is when people worked with an entity that provides certain services, who relied on the back end on a middleman that provides other services, and then the middleman fails. People operating in the gray areas are exposing themselves to systemic risks they might not fully understand.
This isn’t about shareholders being wiped out. It’s about account holders of what they thought were bank accounts losing everything because their accounts were powered on the back end by a company they’d never heard of or directly dealt with.
These are supposed to have AI facial recognition for matching to government issued IDs, which just sounds like a huge attack surface (or even unintentional bugs).
Cigarette vending machines used to be quite common. Even today, there are some alcohol vending machines in controlled areas (some fancy hotels have 24/7 vending machines stocked with a particular brand of champagne bottles).
leftist themed nujob conspiracy mill
The Republican party is ripe for conspiracy theory targets.
Epstein had close ties with Trump and his attorney general Bill Barr (whose father hired Epstein to teach at a prestigious private high school without a college degree, where he was known for ogling the high school girls and showing up to parties where underage drinking was happening). The waitresses and hostesses at Trump’s Mar a Lago were also regularly recruited to work at Epstein’s island. Alex Acosta, the federal prosecutor who agreed to a secret plea deal where Epstein served a slap on the wrist in a local jail instead of real prison was later elevated to Trump’s cabinet, as Labor Secretary.
Now, Trump has named another child sex trafficker as his nominee for Attorney General.
There are suspicious ties between the Saudi royal family and key members in Trump’s orbit, including his son in law Jared Kushner. Elon Musk has been doing sketchy shit with the Saudis and the Russians, as well. Basically everyone in Trump’s circle, including his nominee to be the director of national intelligence, has shady ties with foreign adversaries.
There’s lots of other little things about financial profiteering by the Trump folks: an SBA COVID bailout that went to huge businesses, a move to privatize or sabotage the public postal service and the weather service to help the private competition, arbitrary or politically motivated regulations to help certain businesses while hurting others, etc.
I mean, it really wouldn’t be hard.
No, even if tuition and books are free, financial aid still needs to help full time students have food to eat and have a place to live and ordinary day to day expenses. In many places, the aid on room and board is much more money than aid on tuition and fees.
And community colleges tend not to have their own dorms or anything like that, so it comes in the form of a monthly payment that helps the student pay their rent. That’s an incentive for fraud.