From Pine View Farm

Mammon category archive

The Ballad of the Billionaire in This New Gilded Age 0

Musical Notes

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This New Gilded Age 0

Paul Krugman:  It's basically day after day of scandals as big or bigger than Teapot Dome.  Our corrupt grandfathers, great-grandfathers were pikes compared with this, just as the Gilded Age robber barons were pikers compared with the modern-day tech bros.  This is obviously not good.  It's actually quite horrifyingg.  How did we so quicely descent into becoming a truly massively corrupt country on a level tha we used to think of as being associated only with tinpot dictators in the third world?

Via Job’s Anger.

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Still Rising Again after All These Years, Reprise 0

Ring of Fire’s Josh Gay discusses Louisiana’s decision to bring back slave labor involuntary servitude.

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Facebook Frolics 0

Politico reports:

Social media giant Meta is pushing California state lawmakers to shield it from pending legislation that would increase legal penalties in child-harm cases, according to two people familiar with the effort. . . .

One more time, “social” media isn’t.

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The Privatization Scam 0

PoliticalProf looks follows the money.

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This New Gilded Age 0

Retaurant table piled high with food.  On the floor next to it, a child dressed in rags eats a hot dog.  An arm labeled

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This New Gilded Age 0

Image:  Elon Musk says,

Via Job’s Anger.

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This New Gilded Age 0

Title:  Colonizers 2.0.  Image:  Jared and Ivanka discussing their plans to take over an Albanian island and turn it into a resort.

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Medicare Disadvantage 0

Thom talks with Wendell Potter about how Medicare Advantage has turned out to be just another part of the privatization scam. (Warning: Short commercial at the end.)

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This New Gilded Age 0

Couple watching television showing a picture of Elon Musk headlined,

Via Job’s Anger.

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This New Gilded Age 0

It appears that the Trump maladministration is on the side of those who like to play monopoly.

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Fight Night, Emoluments Dept. 0

Mary Trump follows the money.

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It’s All about the Algorithm 0

Via The Charlotte Observer, Northwestern University professors William J. Brady and Eli J. Finkel remind us that artificial “intelligence” is not intelligent. It’s engineered, and it’s engineered by humans to benefit the companies that they work for.

After looking at the damage that “social” media algorithms have done to dis coarse discourse (and that section alone makes their article worth reading), they explain why they fear that AI will have similar effects, especially now that AI designers are turning to advertising as a source of revenue. Here’s a tiny bit:

Some will argue that our analogy between chatbots and social media platforms is overdrawn – that chatbots are conversational tools, not social networks. But the issue is not the technology. It is the business model. When the product is free and the revenue comes from advertisers, the money comes from capturing users’ attention. This was true of broadcast television. It was true of social media. And it will be true of AI.

We are not opposed to AI – far from it. The evidence we’ve cited suggests it can be a powerful tool for improving reasoning and reducing prejudice. But those benefits depend on what the chatbots are optimized for.

The argument that AI is fundamentally different from social media, that it will elevate expertise rather than amplify outrage and moderate views rather than entrench them, is seductive precisely because we want it to be true. But that argument deserves scrutiny, not credulity. If anything, the case for skepticism is stronger here than it was for social media.

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The Invasive Specie 0

Two veterinarians looking a sick bovine labeled

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Bob Molinaro, sportswriter extraordinaire, notes

Until it was reported that Brendan Sorsby’s gambling broke NCAA rules, I didn’t realize the NCAA still had rules.

Me, I’m so old, I remember Pete Rose.

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The Privatization Scam 0

Farron follows the money.

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The Art of the Crypto Con 0

John Young looks at the Trump maladministration’s dealings with crypto and postis that

Newton’s Law of Physics has to do with actions and reactions.

Of this president one can assume: For any action there’s an electronic transaction.

Read his piece to see why he so concluded.

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The Belles of the Ballroom 0

Ring of Fire’s Josh Gay follows the money.

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Strict Destructionists 0

At my local rag, Doug Mercado argues that the current federal maladministration seems to have overlooked the bit in the preamble to the U. S. Constitution that states that one of the purposes of the union is to “promote the general welfare.”

Methinks he may be onto something.

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A Picture Is Worth 0

Man labeled

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The Art of the Con 0

At the Las Vegas Sun, Tom Harper follows the money.

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