Showing posts with label Evil. Show all posts
Showing posts with label Evil. Show all posts

Thursday, May 24, 2018

The Law is for Little People

Elon Musk just tweeted that if his workers vote to unionize, they will lose their stock options.

I'm really not sure how much value the stock options would be to the shop floor workers, they will be locked up well past when they are worthless, much as it happened in the Dot Com bust, but still his threat is a direct violation of the NLRA, which prohibits penalizing workers for exercising their labor organizing rights:
The United Auto Workers has been Elon Musk’s target for days of derision on Twitter, and his posts may open Tesla Inc. up to trouble with U.S. labor regulators.

………

The UAW, which is actively trying to organize Tesla’s California assembly plant, has fired back with tweets of its own. But the more consequential outcome from the spat on the social-networking service may come in the form of unfair labor practice allegations made to the National Labor Relations Board, according to Wilma Liebman, who led the agency during the early years of the Obama administration.

Musk posted earlier this week that nothing was stopping Tesla employees in Fremont, California, from voting to join a union. But, he wrote, “Why pay union dues & give up stock options for nothing?” Liebman read this as a warning that the company would take away workers’ stock options if they succeeded in organizing the factory.



“If you threaten to take away benefits because people unionize, that’s an out-and-out violation of the labor law,” Liebman, who’s done legal work for the UAW in the past, said in an interview.
This, is, as the saying goes, black letter law, and, if the expected complaint is filed, I would expect the NLRB to take some sort of action.

Ironically enough Trump's NLRB might be more likely to take action than the Obama's, because the Trump administration is less enamored with Silicon Valley than was the Obama administration, though I would not expect much beyond a stern warning.

Wednesday, May 23, 2018

Tweet of the Day

This is in response to the NFL announcing that they are banning players kneeling during the Star Spangled Banner.

What a group of cowards.

A New Definition of Hell

Did you know that there was a high school in Pennsylvania that is punishing students for not smiling?

No, this is not The Onion. This is hell on earth:
Northern Lebanon School District students in Pennsylvania must smile while walking the hallways at the institution or they will be punished, according to a report.

Students who do not smile in the hallways between periods will be instructed to, and if they refuse, they will be sent to the guidance counselor’s office to talk through their problems, reported Lebanon Daily News. Meanwhile, parents claim that reports of bullying in the district are mostly ignored by administrators.

Teachers at the institution, who have not been named, told the news agency that Benjamin Wenger, the assistant high school principal, has been strictly enforcing the rule, though it has not yet been put into writing within the district.
It appears that the difference between kindergartners and assistant high school principals is that the latter do not have meaningful adult supervision.

And if you think that my, "Adult Supervision," comment is over the top, I would note that Mr. Wenger's boss, High School Principal Jennifer Hassler, and a colleague, Middle School Principal Brad Reist, have taken to playing catch with sex toys for their own personal amusement.  (More horrifying details at the link)

This is unbelievably f%$#ed up.

I Love This

It appears that the denizens of Silicon Valley are experiencing some butt hurt because a popular pastor in the area has described their world as an, "Elitist den of hate."

Truth hurts, don't it?

These are people who make their money from regulatory arbitrage and government subsidies (patent, copyright, not having to pay sales tax, etc), collude to hold down worker wages, bust unions, etc.

No sympathy from me:
A Silicon Valley pastor has resigned from his church after calling the city of Palo Alto an “elitist sh%$t den of hate” and criticizing the hypocrisy of “social justice” activism in the region.

Gregory Stevens confirmed on Monday that he had stepped down from the First Baptist church of Palo Alto, an LGBT-inclusive congregation, after his personal tweets calling out the contradictions of wealthy liberals in northern California surfaced at a recent council hearing.

In emails to the Guardian, the 28-year-old minister detailed his “exasperation” with Palo Alto, a city in the heart of the technology industry, surrounded by severe income inequality and poverty.

“I believe Palo Alto is a ghetto of wealth, power, and elitist liberalism by proxy, meaning that many community members claim to want to fight for social justice issues, but that desire doesn’t translate into action,” Stevens wrote, lamenting that it was impossible for low-income people to live in the city. “The insane wealth inequality and the ignorance toward actual social justice is absolutely terrifying.” He later added: “The tech industry is motivated by endless profit, elite status, rampant greed, and the myth that their technologies are somehow always improving the world.”

………

The underlying messages to Stevens’ tweets, however, touched on continuing tension in Silicon Valley, where some of the world’s wealthiest companies and entrepreneurs have pledged to better the world through innovations, yet working-class families and poor residents struggle to afford the most basic necessities. The region has one of the worst homelessness crises in the country and a huge shortage of affordable housing, forcing tens of thousands of low-income workers to commute more than 50 miles to work.

………

He argued that the church’s rich neighbors could afford to “feed and house” all the homeless people in Palo Alto and surrounding cities, but instead focused on passing laws that further criminalized this population, encouraging police to harass those sleeping outside or in cars. The city had also made it hard for the church to provide meals for the homeless by requiring costly permits, he said.

………

But Palo Alto, he said, “wanted nothing to do with actual justice and was more interested in guarding their enclave of power and wealth”, adding: “If the wealth inequalities are not addressed, any talk about climate change, homelessness, and migrant rights is in vain.”
I agree with him completely, and I would apply it more generally to the hyper-wealthy throughout the west, particularly the US.

The world has become an increasingly brutal and hypocritical place.

Saturday, May 19, 2018

It Was Inevitable………

The Trump administration is going balls to the wall to defund Planned Parenthood and reduce access to birth control services by reviving the Reagan gag rule:
The Trump administration is proposing to bar clinics that provide abortion services or referrals from receiving federal family-planning funds, a far-reaching move that would deprive Planned Parenthood and other women’s health centers of millions of dollars a year.

The proposal would require a “bright line” of physical and financial separation between clinics that receive $260 million annually in federal funding and any organization that provides abortions or referrals to abortion clinics.

The move delivers on a long-held objective of abortion opponents, who are staunch supporters of President Trump. In a statement Friday, White House press secretary Sarah Huckabee Sanders said that it “would ensure that taxpayers do not indirectly fund abortions” and that Trump “is pleased to support” it.

The president plans to unveil the proposal Tuesday in a speech before the Susan B. Anthony List, a political action committee that opposes abortion, according to two administration officials.
The Republicans look at the Margaret Atwater's book The Handmaiden's Tale, and they think, "I gotta get me some of that."

Why, "F%$# the Cable Companies," Is Such a Good Campaign Slogan

While people remain exclusively fixated on the telecom industry's attacks on net neutrality, the reality is companies like Comcast, Charter, AT&T and Verizon are busy trying to eliminate nearly all federal and state oversight of their businesses. And while deregulation has its uses in healthy markets as part of an effort to protect innovation, you may have noticed that the telecom market isn't particularly healthy. As such, the end result of eliminating most meaningful regulatory oversight without organic market pressure in place is only likely to make existing problems worse.

This battle is getting particularly heated on the state level. After the Trump administration dismantled net neutrality and consumer privacy protections, states began flexing their muscle and attempting to pass their own privacy and net neutrality rules. ISP lobbyists, in turn, tried to head those efforts off at the pass by lobbying the FCC to include (legally untested) language in its net neutrality repeal "pre-empting" states from being able to protect broadband consumers in the wake of federal apathy.

And in the wake of the net neutrality repeal, companies like Charter (Spectrum) are trying to claim that states have no legal authority to hold them accountable for failed promises, slow speeds, or much of anything else.

For example, Charter is already trying to use the FCC net neutrality language to wiggle out of a lawsuit accusing it of failing to deliver advertised speeds. And the New York Public Service Commission also recently stated it found that Charter has been effectively lying to regulators about meeting conditions affixed to its $89 billion acquisition of Time Warner Cable and Bright House Networks. As part of the deal, Charter was supposed to deploy broadband to a set number of additional homes and businesses, but regulators found (pdf) several instances where Charter actively misled regulators.

Last week Charter replied to these allegations by again claiming that states have no authority over them. As part of that effort the company is already citing the FCC's preemption language buried in its net neutrality repeal:
Seriously.  If Democrats are running for office, and not mentioning this sh%$, they, and their high priced consultants, are engaging in political and electoral malpractice.

Friday, May 18, 2018

Is This Even News Any More?

Another lethal school shooting, this one in Texas near Houston, with 10 dead so far:
A male student used a shotgun and a .38 revolver in a shooting spree at a high school in southeast Texas on Friday morning, leaving at least 10 dead — the majority believed to be students — and 10 others wounded, the authorities said.

In what has become a national rite, the authorities arrived en masse at a campus, this time at Santa Fe High School, 35 miles from Houston, as students fled in tears. The suspect, whom the authorities identified as Dimitrios Pagourtzis, 17, appears to have obtained the weapons from his father who legally owned them, Gov. Greg Abbott of Texas said at a news conference.
The shooter is wypipo, so there is no talk of terrorism, despite the fact that he posted Nazi sh%$ online.

You know how it is: Wypipo are never terrorists.

About the only thing different about this time is that some MAGA loser showed up packing heat and waving a flag:
Trump supporter earned the rebuke of a fellow Second Amendment fan when he brought his open-carry pistol and an American flag to the scene of a school shooting in Santa Fe, Texas that resulted in the reported deaths of multiple students.

When asked what his first thought was upon hearing about the active shooter at Santa Fe High School, the unnamed Trump supporter said he first thought he needed to “get to the school,” and then the phrase “make America great again.”

He told a reporter from Houston’s KHOU that he was there “offering support,” and that a “god bless y’all will go a long way right now.”

As he walked away, the camera panned to the man’s hip to show that he had a pistol holstered on his belt — a fact that enraged another resident interviewed by the news station.
I'm not making this up, you know. (Anna Russell abides)

I guess that this is the point where I offer thoughts and prayers, right?

We Need a Death Penalty for Corporations

Case in point, Wells Fargo:
Some employees in a Wells Fargo unit that handles business banking improperly altered information on documents related to corporate customers, according to people familiar with the matter.

The behavior again raises questions about Wells Fargo’s risk-management practices and controls. The bank has been sanctioned in recent months by federal regulators for problems in these areas and as a result can’t grow its balance sheet.

The employees in Wells Fargo’s so-called wholesale unit, which is separate from its retail bank, added or altered information without customers’ knowledge, according to the people familiar with the matter. The information added varied from social security numbers to addresses to dates of birth for people associated with business-banking clients, the people said.

………

The behavior took place in 2017 and early 2018 as Wells Fargo was trying to meet a deadline to comply with a regulatory consent order related to the bank’s anti-money-laundering controls, the people said. The employees were also working to get documents in order prior to new requirements from another regulator for disclosures related to proof of beneficial ownership of businesses, the people added.

Wells Fargo became aware of the behavior in recent months from employees, the people said. After investigating, the bank discovered the behavior wasn’t an isolated incident, the people added. The bank is still investigating the matter, one of these people said.

………

The altering of information within the business-banking division of Wells Fargo, which serves small firms with annual sales ranging from $5 million to $20 million, comes as the bank is continuing to grapple with the fallout from the sales-practices scandal that erupted in September 2016. That involved bank employees fabricating information to open as many as 3.5 million accounts without customers’ knowledge or authorization.
The phrase, "Rotten to the core," applies here.

If there is a company who is as unequivocally merited its erasure from the universe, it is Wells Fargo.

To paraphrase Pat Boone, Wells Fargo should, "Be displayed publicly and have all of his fingers and toes broken, and then publicly executed," as a warning to other miscreants.

So, Is Your Money on "Suicide" or "Natural Causes"?


When juxtaposed with their preventing his communication with the outside world, I'm beginning to see the actuarial possibilities as kind of bleak:
The president of Ecuador, Lenin Moreno, has ordered the withdrawal of additional security assigned to the Ecuadorian embassy in London, where WikiLeaks founder Julian Assange has remained for almost six years.

………

Over more than five years, Ecuador put at least $5m (£3.7m) into a secret intelligence budget that protected him while he had visits from Nigel Farage, members of European nationalist groups and individuals linked to the Kremlin.

Rafael Correa, the then Ecuadorian president who approved of the operation, later defended the security measures as “routine and modest”.

However, his successor, Moreno, appears to differ in his view. His government said in a statement: “The president of the republic, Lenin Moreno, has ordered that any additional security at the Ecuadorian embassy in London be withdrawn immediately.

………

Moreno has previously described Assange’s situation as “a stone in his shoe”.
I inclined to believe that, "A stone in his shoe," translated from the Ecuadorean dialect of Spanish to, "Will no one rid me of this turbulent priest?"

This will not end well.

Thursday, May 17, 2018

F%$# Them

I am, of course, referring to Amazon and Starbucks, which are manifesting petulant butt-hurt over a tax bill which results directly from their impact on Seattle:

Amazon has threatened to move jobs out of its hometown of Seattle after the city council introduced a new tax to try to address the homelessness crisis.

The world’s second-biggest company has warned that the “hostile” tax, which will charge firms $275 per worker a year to fund homelessness outreach services and affordable housing, “forces us to question our growth here”.

Amazon, which is Seattle’s biggest private sector employer with more than 40,000 staff in the city, had halted construction work on a 17-storey office tower in protest against the tax.

Pressure from Amazon and other big employers, including Starbucks and Expedia, had forced councillors to reduce the tax from an initial proposal of $500 per worker. The tax will only effect companies making revenue of more than $20m-a-year.

The tax is expected to raise between $45m and $49m a year, of which about $10m would come from Amazon.

………

“We are disappointed by today’s city Council decision to introduce a tax on jobs,” said Drew Herdener, an Amazon vice-president. We remain very apprehensive about the future created by the council’s hostile approach and rhetoric toward larger businesses, which forces us to question our growth here.”

………

Campaigners said the company should be forced to take financial responsibility for Seattle’s cost of living, which has forced many families on to the streets. There are almost 12,000 homeless people in Seattle region, equating to the third-highest rate per capita in the US. Last year 169 homeless people died in Seattle. The city declared a state of emergency because of homelessness in late 2015.

………

Politicians from 50 other US cities wrote an open letter to Seattle council in a show solidarity with the councillors attempt to tackle Amazon’s impact on the city.

“By threatening Seattle over this tax, Amazon is sending a message to all of our cities: we play by our own rules,” the letter said.

Starbucks had also fought against the tax, with its public affairs chief, John Kelly, accusing the city of continuing to “spend without reforming and fail without accountability, while ignoring the plight of hundreds of children sleeping outside”.
These guys have been driving the cost of living up in Seattle, and aggressively fighting any sort of taxes to address this issue, and somehow or other, it's everyone else's fault.

F%$# them, and f%$# all the capitalist ubermenschen who have their hands out for public subsidies.

6 Democrats Who Should Never Get Your Votes Ever Again

They are Senators Joe Manchin (WV), Joe Donnelly (IN), Bill Nelson (FL), Heidi Heitkamp (ND), Jeanne Shaheen (NH), and Mark Warner (VA).

Simply put, they just voted to appoint admitted torturer Gina Haspel as head of the CIA, and this is a direct endorsement of torture, and they know it.

This is not about politics.  This is about right and wrong, and they have morally disqualified themselves from any position of authority.

This is an affront to basic human decency:
What's a little harsh interrogation between friends? President Donald Trump's pick Gina Haspel was today voted in by the Senate as the new head of the CIA, despite playing a key part in post-9/11 torture programs under President George W. Bush.

Her role in destroying the CIA's damning torture tapes in earlier years makes her the perfect spy boss for Trump, the President for whom force, secrecy, and lies are solutions to every problem.
Let me reiterate:  Trump does not matter here.  This isn't about Donald Trump, or the Republican Party, or the Easter Bunny.

This is about torture, and this is about rewarding torturers, which these 6 Senators just did.

Note that this was not an empty gesture.  Their votes were crucial to her approval:
Lawmakers approved Haspel’s nomination 54 to 45, with six Democrats voting yes and two Republicans voting no, after the agency launched an unprecedented public relations campaign to bolster Haspel’s chances. She appears to have been helped, too, by some last-minute arm-twisting by former CIA directors John Brennan and Leon Panetta, who contacted at least five of the six Democrats to endorse her bid to join President Trump’s Cabinet, according to people with knowledge of the interactions.
Do the math.  If they had all voted against the torturer, it would have been 48 to 51, if just 5 of them had voted against the torturer, Haspel would still had been rejected by 1 vote.

There is a special place in hell for these cowards.

Tuesday, May 15, 2018

Of Course


I'm not:
Members of a special team at the Education Department that had been investigating widespread abuses by for-profit colleges have been marginalized, reassigned or instructed to focus on other matters, according to current and former employees.

The unwinding of the team has effectively killed investigations into possibly fraudulent activities at several large for-profit colleges where top hires of Betsy DeVos, the education secretary, had previously worked.

During the final months of the Obama administration, the team had expanded to include a dozen or so lawyers and investigators who were looking into advertising, recruitment practices and job placement claims at several institutions, including DeVry Education Group.

The investigation into DeVry ground to a halt early last year. Later, in the summer, Ms. DeVos named Julian Schmoke, a former dean at DeVry, as the team’s new supervisor.

Now only three employees work on the team, and their mission has been scaled back to focus on processing student loan forgiveness applications and looking at smaller compliance cases, said the current and former employees, including former members of the team, who spoke on the condition of anonymity because they feared retaliation from the department.
Could someone please tell Bob Mueller that Betsy DeVos was involved with secret discussions with Vladimir Putin?

Please?

Headline of the Day

Conservatives Will Never Get the Respect They Crave. They Don’t Deserve It
—David Atkins
He says something that needs to be said:
But dig deeper and it’s the sort of deplorable stuff that no one involved in the creation of culture would ever want to countenance: that women should serve as obedient reproductive vessels; that white men are biologically and culturally superior to others; that the ability of corporate executives to get rich from polluting air and exploiting workers is a greater freedom than that of communities not to be poisoned and abused; that it’s the inherent right of powerful countries to bomb less powerful ones and steal their resources; that being rich is a sign of divine favor, and the poor deserve their plight; and so on.
He's right.  These ideas do not deserve respect, and they haven't since William F. Buckley endorsed a segregated south 60 years ago.

Monday, May 14, 2018

A Message about Negative Externalities to the Competitors for HQ2

One of the things that is never considered when large firms try to extort subsidies is the fact that with additional jobs, they bring additional costs, and when you give into blackmail, the costs outweigh any benefits.

The good people of Seattle, who have learned about the downside of being a one industry town from the travails of Boeing in the 1970s, and now the Seattle City Council has voted unanimously to institute a head tax on large firms in order to pay for the costs that they impose on everyone else:
Following months of debate, raucous protests, and a threat from Amazon to erase 7,000 jobs from Seattle, the City Council on Monday voted to pass a head tax to fund housing and homelessness services.

The tax, which passed unanimously, is nearly half the size that four city council members originally proposed in April. Under the plan, Seattle would collect $275 per employee from businesses grossing more than $20 million in annual revenue, or about three percent of the businesses in the city.

The tax is projected to bring the city about $45 million of new annual revenue in its first year, according to a spending plan prepared by council staff. Under the legislation, council members would have the option of renewing the tax after five years.

Now the bill heads to Mayor Jenny Durkan’s desk. In a statement, she says she plans to sign the legislation. "This legislation will help us address our homelessness crisis without jeopardizing critical jobs," Durkan said.

The tax proposal represents a compromise between city council members who aimed much higher—$500 per employee to raise $75 million—and their colleagues who believed the initially proposed rate would be too costly for businesses. Mayor Durkan fell in the latter camp. Late last week, she put her support behind a $250 per employee tax.

Amazon achieved market dominance with a deliberate strategy of tax avoidance, its treatment of employees is horrific, and Jeff Bezos has aggressively campaigned against anything resembling an income tax, meaning that he has to a been a major cause of the problem, and a major impediment to any potential solution.

My position is to tell Amazon to go f%$# itself, though I do understand how most politicians would not find this a good campaign strategy.

Enough with paying off parasite billionaires in the vain hope that they will scatter a few crumbs before us.

Sunday, May 13, 2018

Spelunking Helmet, the Official Hat of Congressional Democrats


It turns out there is low level of moral depravity that conservative Democrats will affirm out of abject cowardice.

It is also a losing proposition in the long run, when Democrats refuse to stand up for the basic standards, their voters know that they will refuse to stand up for them:
The Senate appears to be moving full speed ahead on confirming Gina Haspel as director of the CIA.

The Intelligence Committee is expected to vote to advance her nomination to the floor during a closed business meeting scheduled for Wednesday morning, and a Saturday morning announcement by Indiana Democratic Sen. Joe Donnelly further reduced the suspense.

“I believe that she has learned from the past, and that the CIA under her leadership can help our country confront serious international threats and challenges,” Donnelly said in a statement. “Importantly, Ms. Haspel expressed to me her commitment to be responsive to congressional oversight and to provide her unvarnished assessment — both to members of Congress and the president.”

Donnelly’s office said the Indiana Democrat met Thursday with Haspel, the current acting director of the CIA.

The same night, President Donald Trump and Vice President Mike Penceappeared together Indiana at a rally in support of Donnelly’s Republican challenger Mike Braun.

During the event, Trump and Pence criticized Donnelly for his voting record, while also pushing him to support the CIA nominee. In his statement, the senator said the support Haspel has received from the intelligence community was an important factor in his decision.
The people in the intelligence community who are supporting her are covering their own asses.

Either they were complicit in torture, or they are interested in sucking up to a woman who they see as being the next head of the CIA, and either their boss, or their client.

The ultimate fault lies with Barack Obama, who should have prosecuted torturers, but instead retained and promoted them.

Friday, May 11, 2018

Even by the Standards of Trump, This is Unbelievably Stupid

Donald Trump has a plan to lower drug prices in the United State.

Basically, he wants to force other countries to pay more, and then big pharma, out of the goodness of its heart, will lower prices in the USA, because the drug companies will only take as much money as they need, and won't waste it on excessive executive compensation or stock buybacks.

I'm not sure if they are being stupid, or if they think that we are this stupid, but in either case, the level of idiocy buggers the mind:
President Trump, poised on Friday to unveil his strategy to lower prescription drug prices, has an idea that may not be so popular abroad: Bring down costs at home by forcing higher prices in foreign countries that use their national health systems to make drugs more affordable.

On Tuesday, Mr. Trump rebuffed his European allies by withdrawing from the Iran nuclear deal. Threatened tariffs on steel and aluminum have strained relations with other developed nations. And now the administration is suggesting policies that could hit the pocketbooks of some of America’s strongest allies.

“We’re going to be ending global freeloading,” Mr. Trump declared at a meeting with drug company executives in his first month in office. Foreign price controls, he said, reduce the resources that American drug companies have to finance research and develop new cures.

The White House Council of Economic Advisers fleshed out the idea three months ago in a report that deplored the “underpricing of drugs in foreign countries.”

The council said that profit margins on brand-name drugs in the United States were four times as high as those in the more regulated markets of major European countries and Japan. The United States, it said, needs to “address the root of the problem: foreign, developed nations, that can afford to pay for novel drugs, free-ride by setting drug prices at unfairly low levels, leaving American patients to pay for the innovation that foreign patients enjoy.”
Most of pharma research funding already comes from the governmet and big pharma spends more on advertising and marketing than they do on research, but, according to Trump and his Evil Minions™, the problem is that they can't rape consumers hard enough.

Great googly moogly.

Thursday, May 10, 2018

There is Bad, Really Bad, and ………


It's Gina Haspel wot done it. Between her torture, her aggressive support of torture, and her oleaginous performance before the Senate Intelligence Committee, it was too much for the WaPo editorial board.

I would note that Fred Hiatt's merry band of psychopaths, cheered the invasion of Iraq, destroying Libya, the Whitewater investigation, Bush's purge of US attorneys, privatizing social security, supporting Trump's border wall even as they called it stupid, privatizing education, and letting Richard Cohen near a typewriter.

I had though that there was no limit to their stupid, but Gina Haspel is just a bridge too far for them:
Gina Haspel, President Trump’s nominee to head the Central Intelligence Agency, faced a clear test when she appeared before the Senate Intelligence Committee on Wednesday. After a 33-year career at the agency, she may be, in many respects, the most qualified person ever nominated to the post, as one Republican senator contended. But she has a dark chapter in her past: her supervision of a secret prison in Thailand where al-Qaeda suspects were tortured, and her subsequent involvement in the destruction of videotapes of that shameful episode.

As Sen. Mark R. Warner (Va.), the ranking Democrat on the committee, made clear from the outset, Ms. Haspel needs to clearly repudiate that record. She must confirm that techniques such as waterboarding — now banned by law — were and are unacceptable, and she must make clear that she will never again accept orders to carry out acts that so clearly violate American moral standards, even if they are ordered by the president and certified by administration lawyers as legal.

Ms. Haspel did not meet that test. She volunteered that the CIA would not on her watch engage in enhanced interrogations; she said she supported the “stricter moral standard” the country had adopted after debating the interrogation program. Pressed by Mr. Warner and several other senators, she eventually said she “would not allow CIA to undertake activity that I thought was immoral, even if it was technically legal.” What she would not say was that the torture she oversaw was immoral, or that it should not have been done, or that she regretted her own role in it — which, according to senators, included advocating for the program internally.

That ambiguity matters at a time when the United States is led by a president who has cheered for torture, who lacks respect for the rule of law and who demands absolute loyalty from his aides. Unfortunately, it makes it impossible for us, and others for whom the repudiation of torture is a priority, to support Ms. Haspel’s nomination.
The Post's editorial page is the 2nd most likely to be contradicted on the facts (a close race that the bat sh%$ insane Wall Street Journal editorial board won), but Gina Haspel is too much for them.

Honestly, I did not think that this was possible.

Once Again Proving that High Finance Can Destroy Everything

In this case, it's Univision that they have run into the ground:
This is the story of how corporate raiding, complacency, excess, and incompetence are gutting a media company that matters to tens of millions of people. It’s not a novel story, and perhaps not even scandalous by the standards of corporate opulence: A shark-obsessed boss, millions wasted on consultants, and an executive who insisted on publishing softcore porn are more embarrassing buffoonery than insidious greed. The main problem—the billions in debt the company ran up in the process of its owners buying it and weighing it down—is practically routine in media and beyond; that doesn’t make it any less infuriating.

This company is Univision, which until recently obligingly filled the role of absentee stepfather to Gizmodo Media Group, our employer. Now, Univision’s business is struggling, and GMG has suddenly found itself under a very watchful eye.

Once upon a time, Univision, an American broadcasting operation aimed primarily at Spanish speakers in the United States, was a tremendous golden goose laying tremendous golden eggs: It made incredible amounts of money and had to do essentially nothing for it other than run programming produced by Televisa, a Mexican broadcasting operation. The fairy tale ended long ago. Univision has been in decline for years, thanks to a disastrous private equity buyout finalized in 2007; an aging audience; a burdensome program-licensing deal with Televisa; competition from Telemundo and Netflix; layers of overpaid and useless middle management; and a general failure to position itself for a digital future.

………

From routine human resources f%$#ups to vastly overselling the prospects of an IPO whose ultimate doom this March precipitated the company’s current cost-cutting spree, Univision has been deeply mismanaged and is in the midst of making huge cuts that have, among other things, already claimed vast swaths of Univision Noticias—the most vital newsgathering operation serving the Spanish-speaking community in the U.S.—and Fusion Media Group. Consultants from Boston Consulting Group, who have reportedly recommended budget cuts of up to 35 percent in some parts of the company, have been combing through the books for months, and more than 150 people have been laid off so far. Plenty more cuts are pending (Univision president of news Daniel Coronell reportedly described them as “catastrophic” to his newsroom), including at GMG, the staff of which fears the newsroom may be cut by up to a third by the end of June, perhaps as part of a broader pivot toward video and branded content. What is happening to the company is not ultimately a failure of editorial or even executive management, though: If Univision was a mammoth whose failure to adapt slowed it down, it was private equity investors, consumed by the thought of turning their riches into more riches, who brought it down and bled it dry.
(emphasis mine)
You'll notice a pattern: Company has problems, or potential problems, takes said company private with other people's money, bleeds it dry, and leaves bleached bones.

Rinse, lather, repeat:
In 2007, a consortium including Texas Pacific Group, Thomas H. Lee, Madison Dearborn, Providence Equity, and Saban Capital took Univision private for $13.7 billion. These firms—executives of which still shape Univision’s board—borrowed heavily to finance the deal, saddling their new prize with more than $10 billion of debt. According to an FCC filing, each firm holds between 20.6 and 7.1 percent of Univision’s equity, and between 27.3 and zero percent of the voting interests. Thomas H. Lee, the only firm with no voting rights, has no official members on Univision’s board, but two of THL’s employees, James Carlisle and Laura Grattan, are listed as Univision board observers in their company bios; Univision would not say if the firm had appointed members to the board or who they were. Univision, for its part, declined to answer questions about the board, while all the involved firms either declined to comment or did not respond to questions about their involvement with Univision.

Leveraged buyouts such as the ones by which these companies acquired control of Univision were common in the years leading up to the financial crisis: Investors borrow a huge amount of money to purchase a company and then make that company responsible for paying back the debt. The amount of borrowing required is often large relative to a company’s earnings. This relationship—known as leverage—is used to gauge whether a company is likely to be able to pay back its lenders. The financial world commonly measures this through the ratio of “debt to EBITDA,” or earnings before interest, taxes, and depreciation and amortization of various assets. (The finance industry’s inscrutable jargon is a feature, not a bug. Just think of this ratio as a company’s debt compared to how much money it makes each year.)
Univision’s ratio, estimated at 12.5-to-1, made it highly leveraged even by the standards of the pre-crisis boom period. (In 2013, Obama administration regulators would urge banks to limit companies’ leverage to roughly half this level to reduce the risk of default.) Still, in 2007—when the company maintained a tight grip on the then-swelling U.S. market for Spanish-language media, and before media enterprises came to be viewed as dead investments—Univision found itself in a position of relative strength.
One of the reasons that we see this is because our regulatory and tax regimes subsidize such behavior.

As to a fix, on the mild side are things like changing the bankruptcy code to allow for private equity management fees, and all paid received by executives in excess of $1 million a year to be clawed back.

On the more severe side, and I think that this might be necessary, completely eliminating the deductability of interest payments would be a good thing.

I am sure that there is a middle ground, but I want to fiddle while Wall Street burns.

Tuesday, May 8, 2018

Well, this is Profoundly NOT Reassuring

It appears that the robot Uber than ran down and killed a pedestrian saw the woman, but ignored her, because it had been programmed to.

Basically, Uber's self-driving software is so crappy and has so many false positives that it was programmed to ignore actual human beings.

Uber is still Uber:
Uber has concluded the likely reason why one of its self-driving cars fatally struck a pedestrian earlier this year, according to tech outlet The Information. The car’s software recognized the victim, Elaine Herzberg, standing in the middle of the road, but decided it didn’t need to react right away, the outlet reported, citing two unnamed people briefed on the matter.\

The reason, according to the publication, was how the car’s software was “tuned.” 

Here’s more from The Information:
Like other autonomous vehicle systems, Uber’s software has the ability to ignore “false positives,” or objects in its path that wouldn’t actually be a problem for the vehicle, such as a plastic bag floating over a road. In this case, Uber executives believe the company’s system was tuned so that it reacted less to such objects. But the tuning went too far, and the car didn’t react fast enough, one of these people said.
Let me translate this into English:  Uber put a 4000 pound death machine on the road with software that was incapable of determining the difference between a plastic bag and a human being.

This is not just reprehensible, it might very well be criminal.

Monday, May 7, 2018

Definitely Bond Villain

We've just gotten news that Elon Musk has decided to lock out contractors unless a direct employee of Tesla vouches for them.

This in and of itself, is kind of crappy, but it might be necessary, as a rapid ramp up in contract employees without proper planning can cause a problem.

What takes this into Jeff Bezos (who makes Ernst Stavro Blofeld look like Florence Nightingale) territory is referring to the folks you want to fire as, "Barnicles."

He's got to be holding an open call audition for a white Persian cat:
Elon Musk is apparently planning to purge Tesla factories of contractors in the strangest way possible. The company CEO is planning to cut off access to the company to any contractor who doesn’t have a Tesla employee to vouch for the quality of their work.
In a recent email sent to Tesla employees and obtained by Electrek, Musk warned that outside workers will be denied entry into the factory come Monday morning. The only way to keep those extra laborers around is if a Tesla employee is willing to place their own livelihood on the line in order to attest to the contractor’s skills.
Here’s the full email from Musk, via Electrek:
Please note my comment below about contractor companies and consultants. I extended the performance evaluation deadline to provide more opportunity to demonstrate excellence, but now time is up.

Please send a note to HR before Monday justifying the excellence, necessity and trustworthiness by individual (not just the contractor company as a whole) of every non-Tesla person who has badge access to our buildings or network access to our systems.

By default, anyone who does not have a Tesla employee putting their reputation on the line for them will be denied access to our facilities and networks on Monday morning. This applies worldwide.

Time to scrub off the barnacles.

Thanks, Elon
Musk’s habit of referring to contract workers as “barnacles” also came up in the company’s first-quarter earnings call. In addition to throwing a mini-temper tantrum over questions from analysts, Musk also told investors:
The number of third-party contracting companies that we’re using has really gotten out of control, so we’re going to scrub the barnacles on that front. It’s pretty crazy. We’ve got barnacles on barnacles. So there’s going to be a lot of barnacle removal.
Seriously, I'd do up a Downfall rant and upload it to Youtube, but his actual communications are pretty much a Downfall rant in and of themselves.

I don't shop Amazon or Walmart, and I'm not going to buy a Tesla.

This is some seriously f%$#ed up sh%$.