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Before Bloomberg
Before Bloomberg LBO’d all cities into brainless rubble, city governments were a hub of mechanical invention and innovation. Power plants and streetcar lines were municipal. City street departments had clever mechanics who were free to build devices that served their customers. Local example: Back in the ’60s, Spokane’s street department invented a hydraulic gate that…
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Launderette 2
Following from previous item, because the story is sort of local. The bank in Farmington was a ‘family office’ for local prosperous farmers. It was bought in the 1990s by a Hong Kong millionaire who might have been using it for money laundering; we don’t know that part of the story. We do know that…
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Rall and secrecy
Ted Rall is a partisan idiot, reliably supporting DNC while pretending to be “independent”. In this column Rall makes a correct point for the wrong partisan reasons. Rall’s point: 100% of government secrecy is unneeded and irrelevant. All the secrets of government could be truly revealed (not just fake revealed as we get from Deepstate)…
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It was just cost
Speaking of default replacements for horses… Outside of city delivery, gas vehicles were the default replacement. And it wasn’t about Innovative Disruption, it was about a HUGE difference in cost. A logging and lumber company in Rhode Island replaced its three teams of horses… By this truck, carrying and pulling the same amount of logs……
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1933 again? Hope so!
Free money for demons enables demons to kill and torture freely. Free money to corporations enables corporations to focus solely on pleasing the shareholders. QT forces corporations to seek PROFIT, which means they must try to improve their products and improve the life of their workers. Since 2008 all automakers have been producing the same…
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Seems like a mismatch
The bitcoin scammers are still running at full speed with no obvious change or decline in their strategy, despite constant public news that the entire criminal enterprise is collapsing from lack of free QE and also being taken down by regulators. Medium is still packed with obvious MLM crap like this: We now proudly announce…
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QED
Eric Holloway has been cleverly ‘interrogating’ AI chatbots, and he’s pretty sure that they are using actual humans as backups. It’s hard to prove from the internal evidence, because the AI could have been programmed to run the usual Deepstate hall of mirrors. Now it’s proved. OpenAI is running boiler rooms of Kenyans at slave…
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Yankoleth
EnidBuzz asked about former or current CB handles. Most of the commenters are women, and most had handles that would be ferociously illegal in today’s inquisitorial climate. Every non-Yankee knows that CBers were poets. Every Okie knows the meaning of Two Dogs.
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Badoleth
A podcast by lawyers Barro and White joins the universal Lawyers Chorus trying to shut Sammy’s stupid mouth. They bring up a crucially important point about the Professional Criminal genotype. Semiquote: I must admit it’s my fault, because I’m always out there saying don’t go on Twitter and talk about crimes, don’t go on the…
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Viaticals of bitcoin
Everything is securitized now. This dude is proudly offering to securitize bankruptcy claims resulting from FTX, Three Arrows, Celsius, etc. Reminds me of viaticals: With a viatical settlement, you purchase the policy (or part of it) at a price that is less than the death benefit of the policy. When the seller dies, you collect…
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Good discussion but incomplete
Pretty good discussion of Shannon information. Greenwald hits the main point that Deepstate will always tell you what it wants you to hear. Elon is Deepstate. The discussers conclude validly that a forcible leak is always better than a permitted leak. But Snowden and Manning still didn’t give out any Shannon. Regardless of their intentions,…
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Tech gene question
Returning to the subject of tech genes. Here’s an odd question that doesn’t seem to have an easy explanation. Horse-powered vehicles had wheels with iron rims, and continued to have iron rims after automobiles were common.** Horseless carriages had pneumatic rubber tires from the start, even when they were made by the same company. Studebaker…
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More sensible lawsuit
A previous lawsuit relating to AI seems absurd and clearly serves a hidden purpose, which hasn’t been revealed yet. Thaler used AI as a tool to write a trivial patent, which was granted. Now he wants courts to treat the AI as the ‘inventor’ while Thaler is the ‘assignee’. Thaler can’t gain any money from…
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Not just econ
The Quote Investigator on Medium traces a quote by economist Paul Samuelson: I don’t care who writes a nation’s laws if I can write its economics textbooks. The saying started around 1750 with songs, then later became poems, then Samuelson switched it to econ texts, adding: The first lick is the privileged one, impinging on…
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Sanity returns to influencers
During QE, all influencers were “investing” in stupid IPOs and fantastically brainless bitcoin. Now that Powell has stopped the counterfeit, some rich athletes are returning to real capitalism. A brokerage is buying farmland for the influencers and renting it out to farmers. Sharia would approve, and real economics also approves. Unlike Gates and other Gaian…
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