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CNN Calls The Biden Economy A Goldilocks Economy

During the Biden economy CNN’s revenue dropped 18%, over $400 million.  In 2022 the inflation rate was reported as over 8%.  Although we know Biden under reported inflation, the reported inflation during the Biden years was over 11%. The real number is probably over 20%. Inflation has outpace wage increases whichever number you use.

And yet CNN makes the claim that Trump threatens Biden’s Goldilocks economy.  Apparently Goldilocks was an insane bitch who ran a feudal estate and broke into people’s homes to insult their intelligence and to eat their soup and to leave them broke and hungry and suicidal.  And CNN writers love the crazy bitch.

To add insult to injury by CNN’s love for Biden’s economy, the wealth disparity between rich, middle class, and poor increased under Biden.  The Oligarchy saw their wealth increase $1.5 trillion.

The article on CNN is mostly about Trump pausing, ordering the suspension of hundreds of billions of dollars in federal grants and loans. A judge temporarily halted the suspension. CNN claims the temporary suspension is illegal, but government departments are not required to spend all the money allocated by Congress. The Antideficiency Act and the Congressional Budget and Impoundment Control Act (ICA) limit how much money federal agencies can spend. The temporary suspension is intended to get a handle on what the departments are doing, such as sending $50 million worth of condoms to GAZA.

Both Trump and Biden increased the government debt by a huge amount during the unprecedented times, but now the debt must be brought back in line and Trump is trying to do that. It is going to be difficult if not impossible. The Democrats can either rant and rave like a bunch of angry lunatics or they can help.

The first government of the United States was the Second Continental Congress, which served as a provisional government from 1776 to 1781. The first US Government was brought down by high taxes and unmanageable debt at the state level that culminated in the Shay’s rebellion. Every politician, Democrat or Republican, should be aware that it was high taxes and high debt that destroyed the first American Government. They should be more than determined to make sure our current government is not destroyed in a similar fashion.


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Trump proposes Jordan, Egypt take in Gazans so decimated Strip can be turned into Monaco

Trump proposes Jordan, Egypt take in Gazans so decimated Strip can be turned into Monaco. I guess next, he is planning to send all the people in Los Angeles to New York.  After Katrina destroyed New Orleans Bush scattered the people of New Orleans all over the place, in part to cover up his incompetence.

Earlier Trump had been suggesting the Palestinians be relocated to Indonesia.  Apparently Indonesia responded with a sincere, “That is not happening.”  Though Indonesia has offered to be part of a peace keeping force to protect the Palestinians from Israel.

Meanwhile Israel is saying that it will not withdraw from Southern Lebanon.

The ceasefire deal for Lebanon gave both sides 60 days to remove their forces from southern Lebanon and for the Lebanese army to move in and secure the area. Israel says Hezbollah and the Lebanese army haven’t met their obligations, while Lebanon accuses the Israeli army of hindering the Lebanese military from taking over.


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Is the ‘Dead Internet’ theory suddenly coming true?

The linked article was written: 4-16-2024

The article is about how AI is replacing humans with content creation.  We all see it and also see how the AI content seems to be able to manipulate the algorithms to show up at the top of browse results.  But here is the thing, those browse results meant to influence if not brainwash us are hurting the platforms.

CNN gets lots of browse views on youtube but actually makes very little money on youtube.  And if youtube treated CNN like it treats real humans, CNN would hardly be seen at all in browse views.  The article pushes the argument that some people, especially  the elderly, don’t always realize that they are looking at AI content, but on some level they do.  That said, if it is truly informative or entertaining they don’t care.  But if is boring and repetitive and designed to show as many ads as possible, just like if it was done by a human, it gets turned off fairly fast.

So, back to the main point, is the internet becoming less human and more bot/AI?  Does that make it more difficult for humans to make money online?  I would say probably, but most influencers are not AI/bots.  They may use AI/bots but the majority of the content product the viewer sees is still the influencer and it is the influencer that is supported by their community either through ads or tips.  It is not much different from a branded newspaper using a wire service for a lot of their articles and not just their local reporters.

Before going to the article, this is what google AI says on the subject:

While the “dead internet” theory, where the internet is dominated by AI-generated content and bots, is not guaranteed to become a full reality, the increasing sophistication of AI, particularly large language models like ChatGPT, does raise significant concerns about the potential for a substantial portion of online interactions to be non-human, making the idea increasingly plausible depending on how platforms and users manage AI usage

To be clear the following article is written by someone else and NOT me:

Article:  Is the ‘Dead Internet’ theory suddenly coming true? This could be a sign


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CNN to lay off hundreds of employees as post-inauguration transformation begins, sources say

Ted Turner launched the Cable News Network (CNN) on June 1, 1980 at 5 PM Eastern Time. CNN was the first 24-hour news channel in the world.  Lois Hart and David Walker: The married team of Hart and Walker co-anchored CNN’s first newscast on June 1, 1980.

CNN which stands for Cable News Network is about to become less cable and more digital.  With that transformation CNN is planning to slash its workforce. Certain shows that are produced in New York or Washington may move to Atlanta, where production can be done more cheaply, said the people in charge of CNN and the transformation.

During a town hall meeting earlier this month, CNN CEO Mark Thompson said the media company has received an investment of “more than $70 million” from Warner Bros. Discovery to help fund the company’s digital operations. Part of that investment will go toward hiring employees in areas where CNN sees potential growth avenues, such as data scientists and product development and influencers.

CNN’s ad revenue has dropped 39% with a drop from $128 million to $78 million in its more recent reported history.  As of January 13, 2025, CNN’s YouTube channel was estimated to earn between $9,371.15 and $28,113.45.  Compare that to Mr. Beast who earns $700 million.


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HP to Pursue $4 Billion Damages After Mike Lynch Yacht Death

Mike Lynch

This article may contain opinion and conspiracy theory and conjecture.  

There is no intent to damage the reputation of anyone living or dead.

Hewlett Packard Enterprise Co. said it intends to pursue the $4 billion damages claim in London against the estate of the recently deceased British tech tycoon Mike Lynch.

Just over a week after the bodies of Lynch and his 18-year-old daughter, Hannah, were recovered from the wreck of his sunken yacht, the US company said it planned to collect any damages that are awarded by a London court. HPE won the British civil case over the collapse of Lynch’s Autonomy Corp. and is waiting for a judge to decide how much it is owed.

When Hewlett Packard bought knowledge management software firm Autonomy, it didn’t realize it was buying into a now alleged multibillion accounting switch and bait. Shareholders sued HP, and HP sued Autonomy CEO Mike Lynch.

And although former Autonomy CEO Mike Lynch was ultimately found not guilty of fraud in the US, it is easier to suggest civil fraud than criminal fraud.

No sooner had the acquisition closed than revenue began to flag, prompting an internal investigation in which HP uncovered signs of past creative accounting at Autonomy. Rather than selling software to customers, HP said, Autonomy had been selling them hardware at a loss, then booking the sales as software licensing revenue. But was the loss just on paper? Was the long term plan to up sale software to the buyers of the hardware? That is not an uncommon strategy in the tech world. Does the failure of the up sale to happen constitute fraud?

Regardless, the discovery forced HP to write down the value of Autonomy by more than $5 billion because the money was not there for whatever reason, triggering a wave of shareholder lawsuits. HP in turn sued Lynch in a UK court, and the U.S. Department of Justice launched a criminal investigation.

The court found in favor of HP in the UK, where lawyers are still arguing about damages, but the US court eventually found Lynch not guilty of the DOJ’s wire fraud charges.

And just two months later, while partying with family and friends to celebrate his court victory, Lynch died in a tragic boating accident. Or was it an accident?

The drowning death of British tech tycoon Mike Lynch in stormy seas off the coast of Sicily was even made stranger by the fact that two days earlier, his business partner Stephen Chamberlain was fatally injured in a car accident.

As long-standing business associates, the pair were tried as co-defendants in a fraud trial over the sale of software company Autonomy to Hewlett-Packard for $11 billion (£7 billion). Following the sale of Autonomy in 2011, Lynch co-founded the cybersecurity firm Darktrace and Chamberlain was appointed chief financial officer.

The Cambridge-based company fights cyberattacks using software that learns the behavioral patterns of every actor within an organization and detects unusual activity.

There is nothing so far to indicate foul play in either man’s respective accidents, which have been put down to a tragic coincidence.

Adding to the mystery, however, were the business partners’ high stepping in the worlds of U.K. and U.S. intelligence.

Lynch co-founded Darktrace in partnership with former U.K. intelligence officials in 2013.

One of the co-founders was Stephen Huxter, a high-ranking figure in MI5’s cyber defense team, who became a managing director at Darktrace.

Lynch’s $1 billion VC fund Invoke Capital — set up following the sale of Autonomy — backed the Cambridge University spin-out with an initial investment of £12 million.

Which besides the mystery of the deaths begs the question, are the US and British intelligence agencies now in the business of industrial espionage and robbing American companies.

 

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NFLPA sues DraftKings for roughly $65 million

The NFL Players Association recently lost a multimillion-dollar arbitration claim over a trading-card deal gone bad. Now, the NFLPA is suing.

The lawsuit, via ESPN.com, argues that DraftKings intends to terminate a deal that gave it the ability to use player names, images, and likenesses for a token business.

The union accuses DraftKings of devising phony reasons for getting out of a deal that went bad. Given legal questions, DraftKings decided the NFT business no longer appeared to be a way to make money.

In an Announcement on July 30, 2024, DraftKings said that it had decided to discontinue its NFT Marketplace. DraftKings explained that its decision was not made lightly but was due to “recent legal considerations.” Although DraftKings did not elaborate any further on those considerations, previously, a judge in the federal district court in Massachusetts refused to dismiss a proposed class action suit against DraftKings claiming that the NFTs that DraftKings sold on its Marketplace were unregistered securities.

The global NFT market cap today is $68.71 Billion.

Erotic Western: Saving The Town

 

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In The News 4-4-2023

Jamie Dimon says the banking crisis is not over and will cause ‘repercussions for years to come’

The recent banking issues in the U.S. began with the collapse of Silicon Valley Bank, which was closed by regulators on March 10 as depositors pulled tens of billions of dollars from the bank. The smaller Signature Bank was closed two days later. And in Europe, Swiss regulators brokered a purchase of Credit Suisse by UBS.

JPMorgan and other large banks stepped in to make $30 billion of deposits at First Republic, another regional bank that investors feared could become the next SVB.

Richard Branson’s Virgin Orbit files for bankruptcy

 

Hart said he believed that the company’s “cutting-edge launch technology” would have “wide appeal to buyers as we continue in the process to sell the company.”

Virgin Investments, one of Virgin Orbit’s sister companies, will inject $31.6 million into the satellite launcher to help it stay afloat while the business searches for a new owner.

The announcement comes just days after Virgin Orbit said it would lay off about 85% of its workforce to reduce expenses since it could not secure additional funding.

Google is so broke after becoming a bitch for the government that they have stopped buying laptops and stapler guns and are telling their employees to use paper clips.

 

Google to cut down on employee laptops, services and staplers for ‘multi-year’ savings

The latest cost-cutting measures come as Alphabet-owned Google continues its most severe era of cost cuts in its almost two decades as a public company. The company said in January that it was eliminating 12,000 jobs, representing about 6% of its workforce, to reckon with slowing sales growth following record head count growth.

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A Princess of Mars Mass Market Paperback – January 1, 1985

by Edgar Rice Burroughs (Author)

Suddenly projected to Mars, John Carter found himself captive of the savage green men of Thark. With him was Dejah Thoris, lovely Princess of Helium. And between them and rescue lay a thousand miles of deadly enemies and unknown dangers.

The green warrior decided to close in and end the battle; just as he rushed me, a blinding light struck full in my eyes, so that I could not see Zad’s approach and could only leap blindly to one side to avoid his mighty blade.

It caught me in the left shoulder; but as my vision cleared a sight met my astonished gaze that almost made me forget the fight. Standing on her chariot with Sola and Sarkoja, my beloved Dejah Thoris turned on Sarkoja with the fury of a tigress and struck something that flashed in the sunlight from her upraised hand. Then I knew what had blinded me at that crucial moment, and how Sarkoja had found a way to kill me without herself delivering the final thrust!

Sarkoja, her face livid with baffled rage, whipped out her dagger and aimed a terrific blow at Dejah Thoris—and Zad was once more advancing on me with reddened blade. I felt the steel tear into my chest and all went black before me. . . .

I didn’t know that Avatar was based, somewhat, on the Edgar Rice Burroughs book Princess of Mars. Now I do.

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