2025-05-15


etc

  • E-COM: The $40 million USPS project to send email on paper

    How do you get email to the folks without computers? What if the Post Office printed out email, stamped it, dropped it in folks’ mailboxes along with the rest of their mail, and saved the USPS once and for all? And so in 1982 E-COM was born—and, inadvertently, helped coin the term “e-mail.”

    Every time a customer spent 26¢ to send those eye-catching blue-and-white envelopes that first year, the USPS lost an astounding $5.25 in printing and delivering them. Volume wasn’t enough to stop the bleeding; the second year, the USPS still lost $1.24 per E-COM it sent.

    The USPS Board of Governors decided to “dispose of the E-COM system by sale or lease.” No buyers were forthcoming, so the post office shut E-COM down, sending the last message on September 2, 1985—with a cumulative loss north of $40 million.

  • "7 permits issued": Palisades Fire Rebuild: Permitting Progress Dashboard

  • How the humble chestnut traced the rise and fall of the Roman Empire

celebrity gossip

  • Menendez brothers have sentenced reduced to 50 years in prison opening possibility for parole

    • The court decided to show mercy because they orphans
  • The Unraveling of the King of Davos - WSJ

    Schwab was seemingly headed for a graceful exit from the organization he founded more than a half-century ago, after a 2024 investigation by The Wall Street Journal exposed evidence of a toxic culture at the Forum for women and Black employees. But by Friday, April 18, the trustees’ audit committee recommended opening a probe into a new wave of whistleblower allegations against Schwab and his wife, Hilde. Incensed, Klaus Schwab fired off a two-paragraph message to the board’s audit committee, threatening trustees with an investigation into how they were carrying out their duties and accusing them of risking the future of the organization. “You have the opportunity to withdraw your note to the board in the next 24 hours with the specific regret to have put into question my reputation,” his email said. He offered some advice: “To facilitate such a move, you could refer to the fact that I will file a criminal complaint.” “Yours sincerely,” he signed off. “Klaus.”

    The bombshell email was aimed at stopping trustees from responding formally to accusations that the Schwabs for years had improperly intermingled their personal finances with the well-endowed nonprofit’s accounts. Instead it backfired on the 87-year-old founder of the Forum, the Swiss institution behind the glitzy annual gathering of world leaders, finance moguls, celebrities and journalists each January in the Alps. For decades, Klaus Schwab handpicked executives at the Forum and fired employees who crossed him. He personally tapped royalty, politicians and CEOs for the Forum’s board of trustees. His wife was granted wide leeway as head of a Forum-linked foundation and the organization’s highest-profile volunteer.

  • MrBeast is collaborating with Jack Links on jerky


Rank Propaganda / Thought Policing / World Disordering

Musk

  • The Cybertruck was supposed to be apocalypse-proof

  • X's Grok AI is suddenly hyper-fixated on South African farmers

  • Elon Musk Needs More Options - Bloomberg

    I have to say, I do feel for Tesla Inc.’s board of directors, and Elon Musk, as they try to design a new pay package for him. Here is the problem:

    Tesla’s board, with shareholder approval, gave Elon Musk a huge pile of contingent out-of-the-money stock options in 2018. These options would give Musk the option to buy about 304 million Tesla shares for $23.34 each, which was the trading price of Tesla’s stock at the time. The options would only be valuable if the stock price went up, and Musk would only get them if he hit a series of ambitious market-value and operational milestones. To get all the options, Musk would need to grow Tesla from about a $59 billion market capitalization to a $650 billion market capitalization, but if he did that the options would be worth tens of billions of dollars.

    He hit the milestones, he got all the options, and at their peak — when Tesla’s market cap was about $1.5 trillion — the options were worth $138.8 billion. (The stock closed yesterday at $334.07, for a market cap of about $1.1 trillion and about a $94 billion value for the option package.)

    Then, for complicated and somewhat unsatisfying reasons, a Delaware court took them away from him. After the ruling, Tesla’s shareholders voted to let him keep the options, but the Delaware court ruled that that didn’t work. Tesla is still appealing the decision, and who knows what will happen, but as of now, no options.

    Musk, and Tesla’s board, and Tesla’s shareholders, all want him to get his options back.

    the problem is that Tesla’s current stock price is too high, because Musk has already accomplished what Tesla wanted him to accomplish in 2018. A related problem is that you want to award Musk a bunch of options that are contingent, but you also want to reward him for hitting the targets he already achieved. Again, the essential problem is that he has accomplished too much already. Describing the problem that way makes the solution clear. The solution is to undo the work he has already done, so you can award him new options that are contingent on redoing that work.

Info Rental / ShowBiz / Advertising

TechSuck / Geek Bait

  • Ending TLS Client Authentication Certificate Support in 2026 - Let's Encrypt

    This change is prompted by changes to Google Chrome’s root program requirements, which impose a June 2026 deadline to split TLS Client and Server Authentication into separate PKIs. Many uses of client authentication are better served by a private certificate authority, and so Let’s Encrypt is discontinuing support for TLS Client Authentication ahead of this deadline.

AI Will (Save | Destroy) The World

Democrats

  • DNC panel opens the door to removing David Hogg from his national post - POLITICO

    While the panel’s move was based on a procedural complaint unrelated to the broader controversy surrounding Hogg, the committee is giving DNC members another option to squeeze the vice chair after he promised to spend $20 million in Democratic primaries against incumbent House members in safe blue districts.

    On Monday, the DNC Credentials Committee committee heard a complaint that alleged the body bungled its own rules when Hogg and Malcolm Kenyatta were elected as vice chairs in February. To move forward, the full national body would have to sign off on the resolution the committee approved. If it does, it would call for a new election for the two vice chair posts in question and therefore would remove Hogg and Kenyatta from their posts.

Left Angst

External Security / Militaria / Diplomania

World

Israel