P.O.S.S.E.
“Not only were Vice’s executives being paid handsomely to drive the company into the ground, they issued themselves massive ‘retention’ bonuses right before the bankruptcy filing – a filing which, conveniently, allowed them to avoid paying severance to regular employees spelled out in their union contracts”
https://newsletter.scammerdarkly.com/archive/end-of-an-era-sports-illustrated-vice-product/
“In 2017 the Trump tax cuts slashed the top corporate tax rate from 35% to 21% and reined in taxation for foreign profits. The ITEP report looked at the first five years the law was in effect. It concluded that in that time, most profitable corporations paid “considerably less” than 21% because of loopholes and special breaks the law either left in place or introduced.
From 2018 through 2022, 342 companies in the study paid an average effective income tax rate of just 14.1%. Nearly a quarter of those companies—87 of them—paid effective tax rates of under 10%. Fifty-five of them (16% of the 342 companies), including T-Mobile, DISH Network, Netflix, General Motors, AT&T, Bank of America, Citigroup, FedEx, Molson Coors, and Nike, paid effective tax rates of less than 5%.
Twenty-three corporations, all of them profitable, paid no federal tax over the five year period”
“Readers of a certain age might sensibly ask what “cyber” means. Consider it a way to gesture broadly at technology used almost exclusively by people who both do not understand technology and feel some amount of pride in that. Teams at large retailers, believing online commerce was doomed to be a tiny sideline like catalogs and only worth tens of billions of dollars, were involved in naming Cyber Monday. The other place you’re likely to hear it frequently is American national security circles, which exist in a superposition of understanding that technology can certainly be used to kill people and break things while also believing that it’s not a real way to kill people and break things if it is the sort of technology built by people who look like pre-juice Steve Rogers”
https://www.bitsaboutmoney.com/archive/financial-systems-take-a-holiday/
“My guess is that so many of the letter-writers are effective altruists and vegans themselves that they see it as an impeccable testament to his character, and don’t realize others don’t necessarily assign it the same moral value. That, or they realize that “vegan” is a convenient way to signal “white, wealthy, and well-connected” without having to say it. Probably both”
“Surely a world where sensible, small companies produce enough revenue to keep their fellow travelers consistently employed is possible. Seize the means of production, not by guillotine, but by building better systems than the empty suits and learning how to do sales.
I’ve had it up to fucking here watching people live in fear of inexorable death machines deciding that they need to juice their profits because they spent all the money on Deloitte”
https://ludic.mataroa.blog/blog/on-authenticity-and-whats-worth-doing/
“the Alabama Supreme Court decided in a wrongful death suit resulting from the accidental destruction of embryos that were part of an in vitro fertilization (IVF) process, in which doctors artificially fertilize eggs outside the womb and then transfer them into a person, that fertilized human eggs have the same status as children. Chief Justice Tom Parker declared in a concurring opinion that the people of Alabama have adopted the “theologically based view” that “life cannot be wrongfully destroyed without incurring the wrath of a holy God.”
https://heathercoxrichardson.substack.com/p/february-21-2024
“If you count hybrids, BYD has been outselling Tesla for quite some time, nearly doubling Tesla’s total in the first half of 2023. But it’s not quite right to position BYD and Tesla as rivals in the model of Ford and General Motors. If anything, they’re more like Microsoft and Apple — opposing futures for electric vehicles that are likely to keep bouncing up against each other for decades”
“going solo is punishing work in a country that the World Press Freedom Index now ranks 161st out of 180. A YouTube channel or Instagram account does not offer the same protections as working for a mainstream media company: There is little financial security, legal support, or physical protection. Alone in their own homes, several of India’s best-known journalists told Rest of World they are fearful for their future. They spoke of online threats and warnings over the phone, of being frozen out by friends and family; of fears their equipment could be seized, their homes raided, or they could be thrown into jail”
“While Microsoft, Amazon, and Google have technically “invested” in these companies, they’ve really created guaranteed revenue streams, investing money to create customers that are effectively obliged to spend their investment dollars on their own services. As the use of artificial intelligence grows, so do these revenue streams, forcing almost every single dollar spent on AI into the hands of a few trillion-dollar tech firms.
It’s a contrived process with a fairly simple revenue stream”
“If you can make notes and create outlines and then stick to those things and create a good script out of them, then that’s great. Good for you. I can’t do it. And the reason I know I can’t do it is that it has taken me writing this piece up to this point for me to actually understand what my problem is: I have to figure out where I’m going by starting the journey. No amount of packing lists and reading of maps is going to help. Until I’m on the road, I have no idea what’s going to happen”
https://developmenthell.substack.com/p/on-notes-outlines-and-somehow-cobbling