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I am now terrified to ask what the top 10 list you do have is.
Nothing about the casino economy has any contact with reality. And when we take into consideration that a handful of billionaires own about 80% of all stocks, it’s just an inside game of their manipulating stock prices.
I am now terrified to ask what the top 10 list you do have is.
Nothing about the casino economy has any contact with reality. And when we take into consideration that a handful of billionaires own about 80% of all stocks, it’s just an inside game of their manipulating stock prices.
@GhostOnTheHalfShell
Is that true, that “ a handful of billionaires own about 80% of all stocks, it’s just an inside game of their manipulating stock prices”? 🤔
Terrifying!
#USPol #InsiderTrading #corruption #briberyAndCorruption #NoConsequences
The top 10% own 94% of all stock.
“ …found that the lion’s share of these gains went to the richest 1 percent. This elite group owns 54 percent of public equity markets, up from 40 percent in 2002. The next 9 percent (or households in the 90th to 99th percentile) saw their share of public market value grow from 38 percent in 2002 to 39 percent, a modest gain.”
https://inequality.org/article/stock-ownership-concentration/
@GhostOnTheHalfShell
Hey thanks for that, I guess… what a depressing read (along with the rest of this thread). Gives new significance to the question I’m now seeing asked: who benefits from the elevated oil prices that are a consequence of the war in Iran. ☹️
@GhostOnTheHalfShell
I found this para an interesting summary… albeit usual depressing ending
(the rest of the article is about American billionaires’ “giving pledges” - now out of fashion, apparently):
“Wealth last concentrated at such levels during the original Gilded Age, the 1890s through the early 1900s, and the correction didn’t come from philanthropists. It came from trust-busting, the federal income tax, the estate tax, and eventually the New Deal. It arrived as policy that was driven by political pressure too powerful to be ignored. The institutions that forced that correction — a functional Congress, a free press, an empowered regulatory state — look considerably different today.”
https://techcrunch.com/2026/03/15/the-billionaires-made-a-promise-now-some-want-out/
#wealthConcentration #GildedAge #correction #taxes #institutions #USPol
#reconnectingconsequencesToCauses
@GhostOnTheHalfShell @Su_G @jerry seriously?! That explains so much. Where did I put that guillotine?
@GhostOnTheHalfShell @Su_G @jerry it's not about income. It's never about income. It's always about what you already own and how much money that generates.
I'm from Germany, and a German book called "Crazy rich" has opened my eyes towards this fact and how "our" rich people behave. Can't really recommend as it's a great book, but ruins your mood.
The stock market thing though - I genuinely thought it was more diverse.
@jerry The one good thing I can say about orbital datacenters is:
The idea is so incredibly foolish that, no matter how hard they try, they won't get it to work.
Imagine trying to cool a GPU in a vacuum thermos.
@jerry I am an aerospace engineer and literally have a PhD in this stuff.
I can confirm that space is essentially the worst place imaginable you could locate a datacenter.
Nvidia is 100% cashing in on this trend/bubble just because people are willing to entertain the idea, and by the time it all crashes, Nvidia doesn't care because they already sold their units.
Maybe it is just a concept of a GPU. Elon Musk farts out the stupidest idea in the world and the funny money casino spins another round. Consider how much money the tech Bros have and how much ketamine they ingest on a daily basis.
Yes, how would they dispose of waste heat? They're in a perfect vacuum!
@Artemis201 @jerry oh come on there's worse places for a data center. How about inside a volcano? It's like we're hardly trying.
It's easier and cheaper to but a data centre in a volcano than in space. And it takes less time to realise it doesn't work there, and melts after a few minutes.
@jerry bitflip madness!
Fun story!
I worked in a sw eng (for real, not MSCE "we're engineers" way) research facility in uni and we had lots of guest lecturers. My fav. one was from NASA. Back in the first half of the shuttle program, the avionics were still pretty basic. One of the problems they had was radio LoS or loss of signal - if they weren't receiving any vox from Houston, was it because they were LoS or was the radio bork? And unlike almost every other system on an air or space craft,
1/
there wasn't really any kind of radio self-test - or rather you might be able to tell if the radio equipment was working, but what if there was an antennae problem. So a piece of mind to the crew would be to know - without the usual statement of that fact FROM Houston ON the radio - where they were vs. radio coverage.
Problem is, none of the computers on the original avionics had that capability - this was, after all,
2/
there wasn't really any kind of radio self-test - or rather you might be able to tell if the radio equipment was working, but what if there was an antennae problem. So a piece of mind to the crew would be to know - without the usual statement of that fact FROM Houston ON the radio - where they were vs. radio coverage.
Problem is, none of the computers on the original avionics had that capability - this was, after all,
2/
@Viss @jerry
a computer system after all, that once you had reached safe orbit and didn't need the various ABORT profiles, you had to MANUALLY unload the ORBIT/ABORT program and load in the Life Support program cause the memory (core of course) could only hold one or the other. Oh and since liftoff you've been running on battery and you really wanted to open the cargo bay doors because thats where the solar panels are o_0.
3/
So anyway knowing where they were over earth or vs. the radio coverage wasn't in the avionics at the time. So someone hacked together a crude world map visualization and they ploted the orbiter's position on it as well as the radio coverage map. They found a lighteight compact 286 or whatever laptop to run it on.
4/
Exceeept, the cockpit didn't have a north american 120V AC outlet for the adapter. While they had got permission to bring a laptop, they did NOT get permission to bodge an AC inverter into the all-DC craft busses or directly wire the laptop barrel connector. So each crew member had to sacrifice a portion of their personnal effects weight budget to bring spare, charged laptop batteries, enough for the entire trip.
5/
Exceeept, the cockpit didn't have a north american 120V AC outlet for the adapter. While they had got permission to bring a laptop, they did NOT get permission to bodge an AC inverter into the all-DC craft busses or directly wire the laptop barrel connector. So each crew member had to sacrifice a portion of their personnal effects weight budget to bring spare, charged laptop batteries, enough for the entire trip.
5/
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