2024-04-05


Horseshit

Electric / Self Driving cars

  • How Hertz’s Bet on Teslas Went Horribly Sideways

    A pair of finance veterans bought the bankrupt car rental company and went all-in on electric. Too bad they got almost everything wrong.

    By the time Wagner’s hedge fund, Knighthead Capital Management, and O’Hara’s private equity firm, Certares Management, bought Hertz in a June 2021 bankruptcy auction, the company had slashed its debt and cut 15,000 jobs. Neither Wagner nor O’Hara had any experience in the industry, but to the self-styled disrupters in an archaic business, that was a virtue. They’d run financial analyses that clearly showed the future of rental cars was in electric vehicles. “We felt we could position Hertz in a completely different way,” Wagner told Bloomberg Businessweek in an interview just before the IPO.


Rank Propaganda / Thought Policing / World Disordering

  • Police Scotland receives more than 3,000 complaints under new hate crime laws

  • “Pink slime” local news outlets erupt all over US as election nears | Ars Technica

    The number of partisan news outlets in the US masquerading as legitimate journalism now equals genuine local newspaper sites, researchers say, as so-called pink slime operators gear up ahead of November’s presidential election. Pink slime sites mimic local news providers but are highly partisan and tend to bury their deep ties to dark money, lobbying groups, and special interests.

    Priyanjana Bengani, a Tow computational fellow at Columbia Journalism School who has tracked pink slime sites since 2019, describes Metric Media as a “convoluted network” run by a web of shell companies, non-profit structures, and corporate entities, all with links to three men: conservative businessman and publisher Brian Timpone, Texas oil billionaire Tim Dunn, and Republican Party adviser Bradley Cameron. None of the three responded to requests for comment.

    Where right-leaning groups have typically dominated, more left-leaning groups are now entering the space. According to NewsGuard, this includes a network with titles such as the Pennsylvania Independent and the Michigan Independent, which it links to The American Independent, a national progressive site founded by Democratic operative David Brock with ties to a Democratic PAC.

  • Let Me Rewrite That for You: NY Times Misinforms Readers About RFK and Biden

    what struck me was the article’s explanation of why RFK thinks Biden is somehow “more dangerous to democracy” than Trump. RFK (wrongly) thinks the Biden administration worked with social media to “censor” him.

    you know what the best way is to drive home to users that RFK is full of shit and spewing conspiracy theories? It’s to maybe debunk the core argument in the article, the extremely misleading conspiracy theory that President Biden “has used the federal agencies to censor political speech.” Because it simply didn’t happen. And nowhere does the article ever make that clear.

    We’ve gone over this before. Any reporter at the NY Times has the resources to look this up. As the article notes, RFK Jr. was spewing conspiracy theories and anti-vax nonsense. Some of that violated the rules of various social media sites, and they took appropriate action under their own rules not having anything to do with any government official, which is very much protected activity. Much of this happened during the Trump administration.

Musk

Trump / War against the Right / Jan6

  • The New York Judge Who Gagged Trump Should Recuse Himself | Gregg Jarrett

    the judge’s daughter is also fair game for criticism. Loren Merchan is a public figure who runs a prominent progressive political consulting firm that handles outspoken Trump opponents like Adam Schiff, who was infamously censured by his own colleagues in Congress for peddling endless lies about Trump and the notorious Russia Hoax. Significantly, Merchan’s daughter has a financial or economic interest in her father’s case. She and her clients raised some $93 million in campaign donations by citing the Trump prosecution in their solicitation mailings, according to reporting by The New York Post. On this basis alone, Judge Merchan was obligated to recuse himself because a member of his family —which is identified a child under strict ethical guidelines— has a private, vested interest in the outcome of the case. Yet, he refuses to step aside despite the glaring conflict of interest. Meaning, the fix is in.

  • Traders Are Betting Millions That Trump Media Will Tumble (Archive)

    The demand to short Trump Media, the parent company of the social media platform Truth Social, is so great that stock lenders can charge enormous fees, making it hard for short-sellers to turn a profit unless the shares fall significantly. Still, there is a lot of interest in taking the bet. Last month, traders lost $126 million betting against Trump Media, according to S3.

    According to S3, 4.9 million of the roughly five million available shares are already on loan. As with any loan, when share owners lend their stock to a short-seller, they charge a fee, usually expressed as an annual interest rate on the stock’s current value. Typically, the fee for borrowing stock is a fraction of a percentage point. For Trump Media, it has risen to 550 percent, Mr. Dusaniwsky said. Trump Media’s stock currently trades at around $50. That means that shorting it for a month would cost more than $20 per share. For a short-seller to break even, the stock price would have to fall by almost half by early May.

Religion / Tribal / Culture War and Re-Segregation

  • Detecting gender bias in children's books

    Gender stereotypes form early in the child's development and are carried over throughout adolescence into adulthood, leaving long-lasting effects which may impact activity and career choices, as well as academic performance. Books, in particular, can have considerable influence, as their characters serve to shape role models of femininity and masculinity for young children. Thus, gender under- and misrepresentation in children's textual literature can contribute to the internalization and reinforcement of negative stereotypes.

Economicon / Business / Finance

Law Breaking / Police / Internal Security

External Security / Militaria / Diplomania

World

Health / Medicine