[NYP] The shocking implosion of the FTX crypto exchange has become an embarrassment for a who’s who among global elites, with some issuing mea culpas — and others apparently scrambling to hide their ties to its disgraced, 30-year-old founder Sam Bankman-Fried.
Web archive sites show that the World Economic Forum — whose glitzy shindig in Davos, Switzerland, is a must-attend for billionaires and world leaders each year — had previously listed FTX as one of its "partners," touting the Bahamas-based firm as a "cryptocurrency exchange built by traders, for traders."
Bankman-Fried also was a speaker at Davos last May alongside luminaries such as Google financial chief Ruth Porat and Bill Winters, CEO of the London-based financial giant Standard Chartered. Nevertheless, WEF has since scrubbed any mention of FTX from its website in the days after the crypto exchange filed for bankruptcy.
"FTX was a World Economic Forum partner. In light of last week’s events, their partnership was suspended and they were removed from the Partners section of our website," a spokesman for the Geneva-based organization headed by Klaus Schwab told The Post on Monday.
According to one WEF insider, Bankman-Fried likely landed on the group’s site because he donated cash to the group, in addition to his upcoming speaking gig.
#4
It’s a happy thought that there will be that much less funding for all sorts on the left going forward. Not just from FTX’s Mr. Bankman-Fried, but also all the other clever little money makers who are currently radically downsizing.
#8
This seems to have been an adjunct or replacement to what they were doing with the Clinton Global Initiative. The Congressional investigation will look similar to the Fast and Furious kabuki.
Posted by: Super Hose ||
11/15/2022 12:03 Comments ||
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#9
"FTX donated to Dems, so no investigation."
~ Elon Musk
[Aljazeera] Los Angeles, California — More than 48,000 academic workers in the University of California system have gone on strike over what they say are unfair labour practices and low wages.
Researchers, postdoctoral scholars, teaching assistants and other employees headed to the picket line on Monday, launching what they describe as the largest academic worker strike in US history. The move is expected to halt activities within the University of California system, a network of 10 public universities and more than 280,000 students.
"Our material conditions have been so bad for so long that a lot of people have run out of patience with the university," Janna Haider, a graduate student in the history department at the University of California, Santa Barbara, told Al Jazeera over the phone.
Haider is the recording secretary for the Santa Barbara branch of the United Automobile Workers 2865, one of the unions representing academic workers. It stated that 98 percent of workers voted in favour of strike authorisation in early November.
"Some ideas are so stupid only an intellectual can embrace them."
- Eric Blair
Posted by: M. Murcek ||
11/15/2022 9:56 Comments ||
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#6
“What, and leave academia?”
I remember a friend of my mother’s, whose hobby once the children were in school was getting a PhD in German literature in between housewifing and mothering, complaining that she was paid less than minimum wage as a part time instructor — net after driving an hour each way to the campus plus office hours, course planning, and grading.
Posted by: Super Hose ||
11/15/2022 12:05 Comments ||
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#10
When my former supervisor moved to UCLA he offered me a new postdoc at 30% pay increase. It sounded like a good opportunity, but I looked at rental prices first. I had a family to feed. No way.
Posted by: James ||
11/15/2022 17:48 Comments ||
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[Hot Air] We started the day with the GOP on the cusp of controlling the House and we’re ending the day with the GOP on the cusp of controlling the House. Still there has been some movement. The big news is that moments ago the Associated Press called two races in Arizona for the GOP. David Schweikert wins in AZ-1:
That brings the GOP tally to 214 seats. The AP also called Oregon’s 6th district for Democrat Andrea Salinas which brings the Dems tally to 205 seats. That leaves 16 races uncalled.
The GOP only needs four more seats to clinch the win and they currently lead in seven. Until about an hour ago (as I write this) they had been leading in 8 races but in CA-8 the latest batch of votes put Democrat Adam Gray in the lead over Republican John Duarte. Gray is only leading by 761 votes and only 78% of the vote is counted so this continues to look like a toss-up. Here are the remaining seven races where the GOP leads:
#1
I am not sure how the DC set let this part of it get away from them.
Posted by: Super Hose ||
11/15/2022 12:07 Comments ||
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#2
^ They were sure they could flip the CA seats. Funny thing is, the very deal that saw the Dems become the permanent majority in CA by giving the Trunks permanent minority status came back to bite them in the butt this time. They will have this rectumified by 2024.
Posted by: Rex Mundi ||
11/15/2022 12:26 Comments ||
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A multi-volume chronology and reference guide set detailing three years of the Mexican Drug War between 2010 and 2012.
Rantburg.com and borderlandbeat.com correspondent and author Chris Covert presents his first non-fiction work detailing
the drug and gang related violence in Mexico.
Chris gives us Mexican press dispatches of drug and gang war violence
over three years, presented in a multi volume set intended to chronicle the death, violence and mayhem which has
dominated Mexico for six years.
Rantburg was assembled from recycled algorithms in the United States of America. No
trees were destroyed in the production of this weblog. We did hurt some, though. Sorry.
