“Jamie Dimon’s $4 Trillion Machine” – Gary Sernovitz (Intelligencer)

“One of the strangest things about Dimon’s career is that the man who now leads the world’s largest bank has never really worked for a bank. He helped Weill buy and transform financial-services companies. And then he ran banks. During his years with Weill, there was a clear division of labor: Weill was chutzpah and vision, Dimon was operations and numbers. He would obsess over downside, integration, and costs, cutting newspaper subscriptions and country-club memberships and jobs. Everyone noticed how good he was, and by 1998, Weill, a complicatedly insecure egotist, could no longer tolerate it. He fired his professional son. Dimon considered CEO jobs at Home Depot and elsewhere and then shocked everyone by agreeing in 2000 to run a hodgepodge of poorly integrated midwestern banks, which overcompensated by calling itself Bank One. In four years in Chicago, Dimon relentlessly fixed the institution”

https://nymag.com/intelligencer/article/jp-morgan-chase-jamie-dimon-biggest-big-bank.html

“Why big tech could learn big lessons from the Post Office Horizon scandal” – Alex Sheen, TechScape (Guardian)

“If you still want to track down the point where bad IT became a crisis, then you have to look past the tech altogether. The Post Office declared, as fiat, that Horizon worked. From there, everything that happened after was the logical conclusion. If Horizon works, then the errors must be because of what the subpostmasters did. If they say they made no errors, then they must have committed fraud. If they committed fraud, then a conviction is morally just.

But Horizon didn’t work”

https://www.theguardian.com/technology/2024/jan/16/techscape-big-tech-post-office-horizon-scandal-substack

“January 15, 2024” – Letters from an American

“the image of the migrant woman and children drowning is so damaging that Texas troops claim they didn’t see any distressed migrants and Texas governor Greg Abbott today insisted that the migrants were already dead when his troops stopped the Border Patrol from helping, although that claim does not address the fact that the Texas troops had blocked the Border Patrol’s normal surveillance of the river and had assumed responsibility for it. Abbott tried to argue that the deaths were not his fault but rather Biden’s because, he said, Biden’s policies encouraged migrants to attempt the crossing”

https://heathercoxrichardson.substack.com/p/january-15-2024

“The Digital Equivalent of Wearing a Fake Chanel Bag” – Garbage Day

“the early 2010s, big social platforms transformed the internet from a place of mostly text into a network of visual content. In 2011, Twitter launched the ability to embed images directly into tweets. And a year later, Instagram was purchased by Facebook and began its slow morph from hipster Polaroid app to Facebook 2.0 for millennials. After that, our social feeds became primarily visual. This was doubly true for brands. Every algorithm suddenly required some kind of image to break through. And after Instagram launched Reels in 2020 to compete with TikTok, you began needing video, as well.

Nowadays, user-generated content platforms are basically just widgets for JPGs. This is especially true for brands using these sites. Which is a problem because digital media is a game of scale and if you need a team of designers, if not an entire video production workflow, to catch the attention of an algorithm, it quickly stops being useful”

https://www.garbageday.email/p/the-digital-equivalent-of-wearing

“Risky Business” – A Scammer Darkly

“In a business where some level of loss is written in, the last two years have blown a hole in P&Ls and caused an industry-wide panic. Politicians are faced with an uncomfortable choice – let for-profit insurers gouge their customers by hiking rates double digits each year, or have swaths of their citizens unable to obtain insurance at all. A few states are trying to lure insurers back by shielding them from legal liability, but that’s a band-aid on a shotgun wound”

https://newsletter.scammerdarkly.com/archive/risky-business/

“The Failed Commodification Of Technical Work” – Ludicity

“There’s plenty of work that consists of simply churning out widgets faster, and I’m happy to see that work disappear (so long as we find a way for people to continue living healthily without it), but it must be acknowledged that many of the things we value in society come from an ill-defined, more vital place, and there is an intersection of that spark with the realities of production”

https://ludic.mataroa.blog/blog/the-failed-commodification-of-technical-work/

“Bitcoin has “no chance” of going to the moon” – Molly White

“I learned this week just how brain-poisoned I am from following the cryptocurrency industry. When I first saw reports that HyperVerse’s CEO was revealed to have been completely made up, I thought “lol yeah that makes sense” and went on with my day. I was then surprised to see headlines about it in mainstream outlets like The Guardian, only to realize that yeah, companies completely making up their CEOs is actually unusual in most other industries and still raises the eyebrows of normal people”

https://citationneeded.news/issue-48/

“A Continual Christmas” – Ed Zitron

“Failing to say what is actually happening for fear that you won’t be “objective” is failing your audience. Accepting that humans are biased, thoughtful, and terrible creatures, and that writing for humans requires a clarity of message and spirit, is necessary to fully communicate what is happening around us. Journalism is not objective, has never been objective, and never will be objective. It can seek balance, but overall it should seek clarity”

https://wheresyoured.at/p/a-continual-christmas

“Widows and Orphans” – Warren Ellis

“Widows, because sometimes you must kill your darlings. That one sentence you really like, that does its job in the piece perfectly? You know it’s too long, right? You have to find another way to say that, that uses fewer words and operates more efficiently but still has style and snap. Sometimes you have to make a lot of widows. Sometimes making the widows takes longer than it did to write the original document.

But when someone calls for a certain length, you’ve got to run the widows and orphans on it. All day. All week, if you have to. what it teaches you is to revise and revise again, and find a balance between energetic language and clear concise language”