@curtosis i mean, they weren’t trying to carve out a loophole for the bucket shops, as i recall. but that was then i guess.
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.
@admitsWrongIfProven if the wealthy are less concerned, is that due to ignorance or their belief in their own insurance, ie that it'll be a problem for other people that people like them will be able to mostly evade?
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.
@22 we are all the good guys too!
@llimllib definitely.
@llimllib i think prejudice is the common language term for what Bayesians mean by priors, although prejudice often carries negative connotations about the quality of the priors and the implications of acting in accordance with them.
people draw inferences based on priors and prejudice about who the bad guys are.
but we are all the bad guys.
This post contains secret knowledge.
@Alon i mean, yeah. that’s the trade. the mass politics is fascism, the price is elite support by acquiescence to plutocracy. a VAT cut is not pro plutocrat, no one cares. fascism needs elite right wing coalition partners to rise to power. acceding to right wing economic policy (yeah, the fascists themselves could give a fuck) is how you get that.
@Alon (US Republicans are overwhelmingly white, but at the margin have been gaining minority votes. i think it’s a mistake to imagine that the pivot from emphasizing racial minorities to demonizing sexual minorities in fascist panic-mongering is unrelated to that trend.)
@Alon somehow in coalition with people who enact huge tax cuts for plutocrats. and increasingly multiethnic when “social conservatism” can be reframed as LGBT backlash rather than “white” (even though race reaction remains a key part of the coalition). and these social reactionaries are, like the public at large, plurality (if not disproportionately) working class.