From Pine View Farm

Mammon category archive

The Crypto Con 0

Michael Hiltzik, a columnist for the Los Angeles Times, has had enough.

. . . it’s impossible to escape the conclusion that as an asset class, crypto is so infected with criminal behavior and so lacking in useful purpose that the only proper regulatory approach is to eradicate it.

Follow the link for his reasoning.

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Speaking of Greedflation . . . . 0

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This New Gilded Age 0

At the Pittsburgh Post-Gazette, Gene Collier forcefully argues that what lies behind many price increases is not, as Republicans would have you think, inflation, but, rather, greedflation. Here’s a bit from his article:

Last week, a jury in the Northern District of Illinois found unanimously that multiple American egg producers conspired to limit the egg supply in order to raise prices, using the same market-rigging practices they’ve deployed since at least 2004.

Such price-tampering methods included exporting eggs to reduce the domestic supply and limiting the number of chickens through various means including artificially limiting cage space, flock reduction, and “early slaughter.”

(snip)

The result of all that, you’ll doubtless recall, was ridiculously high egg prices Republicans blamed on Joe Biden, the old chicken farmer. More pointedly, it validated what some economists had taken to calling greedflation.

His whole piece is worth your while.

Afterthought:

This is the result of not enforcing anti-trust laws, of thinking that trusts can be trusted.

The first Gilded Age taught us that they could not, and we chose to forget that lesson.

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Medicare Disadvantage, Reprise 0

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Industrial Revolution Redux 0

San and his crew talk with Brian Merchant, tech columnist at the Los Angeles Times, about what the who-shot-john about “artificial intelligence” is actually about.

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Fly the Fiendly Skies . . . 0

. . . and you just may just get left holding the bag.

Boy, am I glad that my days of stepping on airplanes once or twice a month are behind me.

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Where Too Much Is Never Enough 0

Frame One, titled

Click to view the original image.

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The Crypto Con 0

Binance President pleads guilty to not preventing money laundering.

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How Far Will Wells-Fargo? 0

Pretty damned far.

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The Crypto Con 0

Sam and the crew talk with Jacob Silverman about Sam Bankman-Fried’s conviction for multiple financial crimes.

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The Privatization Scam 0

The Arizona Republic’s Laurie Roberts follows the money.

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Medicare Disadvantage 0

Over at Delaware Liberal, retired Delaware State Representative John Kowalko explains in detail why Medicare Part C, also called “Medicare Advantage,” is a con and a scam less desirable alternative than traditional Medicare (Medicare Parts A and B, plus a “stopgap” policy).

If you or someone you care about is using or considering using “Medicare Advantage,” the post is well worth a read.

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Facebook Frolics 0

Meta decides to permit prevaricating phrolickers to poison the polity.

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The Pusher Men 0

Sam and Peter Mougey discuss the merchants of addiction.

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This New Gilded Age 0

No rooms for the weary: E. J. Montini writes of the shortage of affordable housing for working people in the Sedona, Arizona’s mystical mecca for tourists. Here’s a tiny nugget (emphasis added):

To the men and women who labor daily to maintain that fantasy, Sedona is more of an aristocratic principality without affordable housing.

So much so, that the city may designate an area at Sedona Cultural Park, normally a performance venue, as a place where working people living in their cars will be able to stay safely.

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Car Nation 0

Engadget reports on a recent study released by the Mozilla Foundation. It is somewhat disquieting; here’s how to report opens:

Mozilla recently reported that of the car brands it reviewed, all 25 failed its privacy tests. While all, in Mozilla’s estimation, overreached in their policies around data collection and use, some even included caveats about obtaining highly invasive types of information, like your sexual history and genetic information. As it turns out, this isn’t just hypothetical: The technology in today’s cars has the ability to collect these kinds of personal information, and the fine print of user agreements describes how manufacturers get you to consent every time you put the keys in the ignition.

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The Free Ride 0

Or you can read the transcript.

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The Carnappers 0

Persons in Philly who overstay their metered parking by the teeniest bit are now getting barnacle bills.

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How Stiff Works: the Crypto Con 0

Man says,

Click for the original image.

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The Privatization Scam, Medicare Disadvantage Dept. 0

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