WASHINGTON — After more than a half-century in politics, no subject may be more personally painful nor politically problematic for President Biden than his troubled son, Hunter. He is by all accounts a gaping wound in his heart and the most sensitive soft spot in his campaign armor. On the one hand, Hunter Biden’s agreement...
Vermont Sen. Bernie Sanders on Tuesday opened a Senate investigation into Amazon’s warehouse safety practices. The move follows a series of probes Sanders has initiated against Starbucks and Moderna in his role as chairman of a committee that oversees health and labor issues. Sanders sent a letter to Amazon CEO Andy Jassy on...
California Gov. Gavin Newsom says there’s no chance “on God’s green earth” he’s running for president in 2024. But Newsom wants to make clear Florida Gov. Ron DeSantis, who is running, is “weak” and “undisciplined” and “will be crushed by Donald Trump” in the Republican primary. Meanwhile, DeSantis likes to...
The announcement that federal prosecutors have reached a plea deal with President Joe Biden’s son Hunter over tax and gun charges marks the likely end of a five-year Justice Department investigation that has dogged the Biden family. It doesn’t, however, mean that congressional Republicans are done with their own wide-ranging...
A first-of-its-kind study from Jacobin, YouGov, and the Center for Working-Class Politics finds that economic populism can help progressives win more working-class voters.
Nearly three in 10 Americans in a new survey report believing President Biden only won the White House due to voter fraud, indicating that the concerns persist as the 2024 race revs up. A Monmouth …
The former president is sending his attorneys and allies on ‘fact-finding’ missions about what Mark Meadows is up to. They’ve returned with no answers but lots of suspicions
GOP presidential candidate Chris Christie suggested Tuesday that former President Trump should have “skipped a couple of rounds of golf” to go through boxes containing classified materi…
"I think we're seeing the beginning of the tech bubble bursting again.
You've got the successful companies that provide a case study in tech industry profitability(Google, Amazon, Apple, etc.) which is why you've got all these venture capital firms plowing so much money into startups, left and right, because they expect that one of them will be the next Google or Amazon. Now that low interest rates have gone bye-bye, the VC firms are demanding that these startups start showing a profit. However, almost all of these startups have one of the following problems:
1.) They were never profitable and can never be profitable because the fundamental concept of what they do is thoroughly flawed
2.) The service or good they provide could be profitable, but due to being formed during a time of easy money, their current business model is incapable of being profitable, and they are too over leveraged to be able to restructure themselves into a more profitable setup
3.) They are perfectly sustainable/profitable, but their financiers expect far more return on investment than they are capable of providing
The result is the trend of "enshittification" as VC investors force unwanted changes onto these startups in the hopes of increasing revenue. This is stuff like locking previously free features behind a paywall, clogging everything with ads, cutting costs somewhere (payrolls, server space, etc) that negatively affects the user experience, raising prices, or needlessly bolting on something that nobody asked for because it's one of the only things that VC firms might still blindly throwing money at(AI).
Even the actually profitable companies are doing this shit because they are just addicted to the ridiculous growth they've enjoyed in the past."
Hunter Biden’s Troubles Bring Personal and Political Pain for the President (www.msn.com)
WASHINGTON — After more than a half-century in politics, no subject may be more personally painful nor politically problematic for President Biden than his troubled son, Hunter. He is by all accounts a gaping wound in his heart and the most sensitive soft spot in his campaign armor. On the one hand, Hunter Biden’s agreement...
Sanders launches Senate probe into Amazon's safety practices and asks workers to share stories (apnews.com)
Vermont Sen. Bernie Sanders on Tuesday opened a Senate investigation into Amazon’s warehouse safety practices. The move follows a series of probes Sanders has initiated against Starbucks and Moderna in his role as chairman of a committee that oversees health and labor issues. Sanders sent a letter to Amazon CEO Andy Jassy on...
Inside the deepening rivalry between Florida Gov. Ron DeSantis and California Gov. Gavin Newsom (apnews.com)
California Gov. Gavin Newsom says there’s no chance “on God’s green earth” he’s running for president in 2024. But Newsom wants to make clear Florida Gov. Ron DeSantis, who is running, is “weak” and “undisciplined” and “will be crushed by Donald Trump” in the Republican primary. Meanwhile, DeSantis likes to...
What to know about Hunter Biden's plea deal in federal tax and gun case (apnews.com)
The announcement that federal prosecutors have reached a plea deal with President Joe Biden’s son Hunter over tax and gun charges marks the likely end of a five-year Justice Department investigation that has dogged the Biden family. It doesn’t, however, mean that congressional Republicans are done with their own wide-ranging...
Trump’s Kryptonite: How Progressives Can Win Back the Working Class (jacobin.com)
A first-of-its-kind study from Jacobin, YouGov, and the Center for Working-Class Politics finds that economic populism can help progressives win more working-class voters.
For the Love of God, Stop Saying Trump Was an Antiwar President (jacobin.com)
The only way you can argue that President Donald Trump bucked the hawkish Washington consensus is if you ignore Trump’s entire foreign policy record.
Three in 10 still say Biden won because of voter fraud: survey (thehill.com)
Nearly three in 10 Americans in a new survey report believing President Biden only won the White House due to voter fraud, indicating that the concerns persist as the 2024 race revs up. A Monmouth …
It's official: Student loan payments will restart in October, Education Department says (www.cnbc.com)
The U.S. Department of Education says student loan payments "will be due starting in October." Interest on their debt will begin accruing even sooner.
Donald Trump Could’ve Gotten the Hunter Biden Deal (newrepublic.com)
The former president thinks his successor’s son got off with a “traffic ticket.” He could have too—if he had listened to his lawyers.
Hunter Biden reaches plea deal with feds to resolve tax issues, gun charge (www.politico.com)
The president's son is unlikely to serve time in prison if he complies with release conditions.
Team Trump Suspects His Former Chief of Staff Is a ‘Rat’ (www.rollingstone.com)
The former president is sending his attorneys and allies on ‘fact-finding’ missions about what Mark Meadows is up to. They’ve returned with no answers but lots of suspicions
Christie: Maybe Trump should’ve gone through boxes with classified documents instead of golfing (thehill.com)
GOP presidential candidate Chris Christie suggested Tuesday that former President Trump should have “skipped a couple of rounds of golf” to go through boxes containing classified materi…
Elon Musk says Biden's desire to tax the ultra-rich would 'upset a lot of donors' (www.businessinsider.com)
Elon Musk took a dig at wealthy Democratic donors and President Joe Biden's plans to tax the rich in a tweet on Saturday.
23k New Lemmy and Kbin Accounts Created in Last Hour (botsin.space)
According to threadcount...
Anyone's Thoughts on this take concerning the tech bubble I found on an internet fourm?
Reddit CEO praises Elon Musk’s cost-cutting as protests rock platform (www.nbcnews.com)
Huffman said he saw Musk’s handling of Twitter, which he purchased last year, as an example for Reddit to follow....