Terms apply.
kids are such a miracle. no wonder adolescence is so hard. the process of going from them to us is like a kind of emotional petrification.
“You don’t just stay inside the lines; you stay well inside the lines. This is not a matter of politics or judicial philosophy. It is ethics in the trenches.” #MichaelPonsor https://www.nytimes.com/2023/07/14/opinion/supreme-court-ethics.html ht @kmontenegro
if AI had been invented in 1960, all the latest movies would be starring Cary Grant.
@failedLyndonLaRouchite yeah. i don’t care so much about ripple per se, but this reasoning would cut a huge hole through all securities regulation. just sell over very impersonal and casino-like platforms, and you’re cool! make whatever representations you want elsewhere, maybe put it in complicated language so a judge would assume most punters couldn’t possibly understand. (even tho of course third parties—journalists, promoters—would simplify and hype those representations to everyone.)
@failedLyndonLaRouchite i’m not saying that! we’re just chatting!
@failedLyndonLaRouchite i get the theory. but why wouldn’t it apply to stocks, then? many speculators have zero intercourse with the issuer, seek speculative gains that may accrue without any clear connection to the actions of the firm (cf AMC, GameStop etc). if there’s a speculative casino clientele for a thing that is also a security to other clienteles, is it right to draw a distinction by purchasing platform? doesn’t securities *exchange* regulation specifically cut against that take?
not on my bingo card, a ruling that securities law applies to and can be enforced to protect institutional investors, but leaves retail investors to their own devices.
are there precedents of this “security for thee but not for me”?
does it serve the purposes for which securities law was established if punters who want to treat a thing as poker chips absolve isssuers of legal responsibility?
kind of wow.
i love it when i find myself taking a 4MB photograph to capture like 6 bytes of information.
it'd be interesting to see polling on degrees of concern about the climate crisis broken down by wealth, income, demography.
on the one hand, you might expect climate change to be a thing "elites" — newshounds and wonks — read and fight about, so maybe concern rises with e.g. income.
on the other hand, the wealthy are best able to immunize and insure themselves against catastrophe, but would bear mitigation costs.
so which effect (if any of these) prevails?
Microsoft "confirmed Tuesday that its validation procedure had been manipulated to digitally sign dozens of pieces of software."
Microsoft, Adobe, these firms have autoupdaters, installed on so many of our machines, that will run without question code signed by the mothership.
That's bad enough. How much should you trust Microsoft, both its intentions and internal security?
It's absolutely terrifying that hostile third parties have managed it. https://www.washingtonpost.com/national-security/2023/07/12/microsoft-hack-china/
ht @GossiTheDog
One of the smartest things the Biden administration (intentionally or not) has done is hide behind the hot-button issue of student debt forgiveness foundational changes to income-driven repayment terms that might otherwise have been contentious.
Those changes are incomplete — they will eventually force Federal regulation of loan-eligible tuition. But that's just a few inevitable lazy-river scandals away.
the primary form of waste in our economy is the undertaxed revenue of the already wealthy. if a person living paycheck to paycheck is paid something more than the very least she might be forced to accept, that is quite the opposite of waste.
"The vibes on Threads are bad. Have you ever been high/drunk and you walk into a CVS and the security guard is staring at you? That’s what Threads is. It’s deodorants locked behind plastic. It’s TikTok Hype Houses. It is Joe Biden’s reelection campaign. It’s a sneaker collab between Nike and JP Morgan. It’s your favorite stand-up comic showing up in a commercial for Carvana. It’s better than Twitter, of course, which has Berlin 1937-vibes." https://jogblog.substack.com/p/facebooks-threads-is-so-depressing
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all in all it's just another brick in the wall, but have you considered the alternative might just be the anomie and social isolation that increasingly afflicts adults?
#RichardHanania is disingenuous in his international comparisons — none of the countries he cites that offer vouchers or choice eschews mandatory schooling in recognizable institutional form. sociability itself in a marketized, technologized, automotive economy is a core collective action problem.
https://www.richardhanania.com/p/the-old-school-reformers-case-for
we spend so much time arguing over whom we are supposed to be mad at we’d be better off just reshaping things so we have less call to be so mad in the first place.
people draw inferences based on priors and prejudice about who the bad guys are.
but we are all the bad guys.