2025-12-27


Horseshit

Epstein

  • A case study in PDF forensics: The Epstein PDFs

    Since our original post, various social media and news platforms have also been announcing “recoverable redactions” from the “Epstein Files”. We stand by our analysis; DoJ has correctly redacted the EFTA PDFs in Datasets 01-07, and they do not contain recoverable text as alleged. As our article states, we did not analyze any other DoJ or Epstein-related documents.

    For example, the featured image in this Guardian news article (which was also picked up by the New York Times) corresponds to VOL00004\IMAGES\0001EFTA00005855.pdf, as can be easily determined by searching for the Bates Numbers in the EFTA “.OPT” data files. The information in this EFTA PDF is fully and correctly redacted; there is no hidden information. The only extractable text is some garbled text from the poor-quality OCR and, as expected, the Bates Numbers on each page.

    In the few reports we investigated, these stories misrepresent other DoJ files that were not part of the major DataSets 01-07 release on December 19 under the EFTA. These include “Case 1:22-cv-10904-JSR   Document 1-1,  Exhibit 1 to Government’s Complaint against JPMorgan Chase Bank, N.A.” (see page 41) and “Case No: ST-20-CV-14 Government Exhibit 1” (see page 19). These PDFs, previously released by the DoJ, do contain incorrect and ineffective redactions, with black boxes that simply obscure text, making “copy & paste” easy to recover the text that's otherwise hidden. Clearly, DoJ processes and systems in the past have inadequately redacted and sanitized information!

    The DoJ has clearly created internal processes, systems, and workflows that can sanitize and redact information prior to publishing as PDF. This includes converting JPEG images to low-resolution pixel-only bitmaps, largely removing metadata, and rendering page images to bitmaps. OCR appears to have been widely applied, but is of variable quality.

  • Thomas Massie Hits Back at Trump With Obvious Epstein Question


Economicon / Business / Finance

  • Luxury Apartments Are Bringing Rent Down in Some Big Cities

  • Another U.S. liquor brand files Chapter 11 bankruptcy.

    A.M. Scott Distillery, which offers a collection that includes our vodkas, two gins, and three bourbons, has filed for Chapter 11 bankruptcy protection. A.M. Scott Distillery has struggled in recent months as its founder has faced legal problems. Troy businessman Anthony Michael Scott, owner of A.M. Scott Distillery, and former owner of The Mayflower, is facing felony charges in Mercer County.

  • Rolex Tries to Beat Watch Flippers at Their Own Game

  • Oracle stock on pace for worst quarter since 2001, AI concerns

  • Nike's Crisis and the Economics of Brand Decay

    The most significant strategic shift came in 2020 when Nike hired John Donahoe, a former Bain consultant and eBay CEO, to replace Mark Parker. Donahoe accelerated the direct-to-consumer transition, terminating hundreds of wholesale accounts. The theory was sound: wholesale margins are 30-35% after retailer markups, while direct sales can reach 50% or higher. But retail shelf space is a zero-sum game. When Nike pulled out, competitors immediately filled the void. Running brands like On and Hoka, which had been developing new sole technology and cushioning systems, suddenly had access to prime retail real estate. On’s CloudTec and Hoka’s maximalist cushioning gained visibility precisely when Nike was reducing its retail presence. Nike improved its direct-to-consumer margins but reduced its total addressable market. The company assumed consumers would follow it online, but many didn’t. Instead, they discovered alternatives in physical stores.

    Nike systematically weakened its competitive advantages and then tried to maintain premium pricing without the product foundation to support it. The market responded predictably and retailers quickly filled shelf space with other brands. Athletes left for companies that were actually developing new products. Recovery will be harder than the decline because the structural advantages that made Nike dominant might no longer exist.

  • Mortgage Rates Dip To 3-Year-Lows As Home-Sellers Outnumber Buyers | ZeroHedge

    The weekly mortgage rate on a 30-year fixed-rate mortgage fell to 6.18 percent for the week ending Dec. 24 as the housing market continues to lean in favor of buyers. The recent rate decline comes as the U.S. housing market registered 37.2 percent more sellers than buyers in November, real estate brokerage Redfin said in a statement on Dec. 23. The 37.2 percent gap translates into 529,770 more sellers in the market.

  • Silver rises 9% to hit fresh record high

    The white metal was at a record high of $78.53 an ounce. Other precious metals also gained on Friday, with spot gold at an all-time-high of $4,549.71/oz and platinum at a record high of $2,454.12/oz after a 10% climb. Spot palladium registered a more than 14% gain on Friday, and was last at $1,924.03/oz.

    • Actual delivery of physical product costs even more, apparently.

Gubmint / Poilitcks / Law Making

Left Angst

External Security / Militaria / Diplomania