MasterFeeds: 2024

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Dec 9, 2024

Alex Karp tells it like is!

Palantir’s CEO, Alex Karp, is just saying what many think…



See also this excellent interview with @PalmerLuckey of Anduril Industries where he discusses a number of things from the moral flaccidness of CEO’s of billion $ companies who won’t take a moral and patriotic stand for fear upsetting the bottom line…

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The Fall of #Assad and What Comes Next in #Syria

This has been one of those weeks when decades happened. 

Now that Assad is gone, what's in store for Syria, its people and the region? 

Below find a couple of articles on the subject. 

The first from Bari Weiss' The Free Press; the second from Bloomberg's Marc Champion. 

Nov 26, 2024

The institutional Grift in US Politics is a Disgrace

Image by Grok

Vice President Kamala Harris's campaign directed nearly $600 million to just four media consulting firms with deep ties to the Democratic establishment, Federal Election Commission records show. Harris campaign exceeded $880 million in total spending as of October 16, though that number is expected to balloon to $1.5 billion after the Harris campaign files its post-election FEC report on December 5. 

70% of the campaign's known total spending flowed through four firms: Media Buying & Analytics, Gambit Strategies, Bully Pulpit Interactive, and Dupont Circle Strategies.

Here's a rundown of these four professional grifting outlets…

#Hezbollah’s Tunnel Infrastructure is something else….

Andrew Fox, along with other journalists, were given a tour by the IDF of a part of Hezbollah's extensive tunnel network on the border with Israel. What he was shown will leave you breathless—and all this within the UNIFIL controlled area 900 meters up hill from Israel’s northern border

Nov 12, 2024

Decline and fall: how university education became infantilised

A sad state of affairs at Cambridge University.
Seems standards and excellence are things of the past.

This from David Butterfield, (ex)professor of Latin at Cambridge 

Last month, after 21 years studying and teaching Classics at the University of Cambridge, I resigned. I loved my job. And it's precisely because I loved the job I was paid to do, and because I believe so firmly in preserving the excellence of higher education, in Britain and beyond, that I have left.
For students, the risks have never been lower. Grade inflation is rampant in Cambridge, as elsewhere in the sector. A third-class performance, let alone a failure, is almost impossible in most subjects, as students can either intermit for the year and take the exams again, or avoid them on health grounds and be given an effective pass. When I came to Cambridge, students would be removed from the university for lack of attainment; it is now unheard of for students to be sent down for insufficient academic performance.
These changes reflect a bigger shift: for various reasons declarations of disability have spiked dramatically. Over the past 15 years, disability at Cambridge has increased more than fivefold, and is now declared by some 6,000 students (roughly one in four)[!]

Many students are now excused from writing essays and permitted to submit bullet points; deadlines are extended, and regularly missed without penalty; extra time is given for all examinations.
The pace of change over the past decade has been astonishing, driven on by three forces: an administrative class that wants to minimise complaints, a subset of academics who actively resent the no-nonsense traditions of the university, and a proportion of students who will take the easiest path proffered. The result is a steady infantilisation of education, whereby challenging workloads are reduced, and robust criticism of bad writing and bad thinking is avoided.

For those in the humanities and social sciences, there is a steady narrowing of knowledge and lowering of requirements. Set texts and supervision reading lists have been circumscribed: almost never are students tasked with reading a full book within the week. In some faculties abstract (and absurd) quotas of pages to be set for reading have been imposed. So-called 'content warnings' are mandated for courses: anything supposed to portend possible controversy, such as animal sacrifice in Homer's Iliad, or religious conflict in Late Antique Rome, needs explicit flagging in advance. And if someone says they don't want to confront such a topic, the department quietly excuses them. The net decline of standards cannot be ignored.

Read the whole article on The Spectator here:

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Sep 26, 2024

#Anduril Industries’ @PalmerLuckey tells it like it is.

Check out this excellent interview with @PalmerLuckey of Anduril Industries where he discuss a number of things from the moral flaccidness of CEO’s of billion $ companies who won’t take a moral and patriotic stand for fear upsetting the bottom line, to the delusional naivety in not wanting to develop and build weapons systems to defend ourselves and our allies against the numerous threats out there, the scam that is WFH, and many others. A half hour well spent. 
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Sep 25, 2024

Cash crunch @Sothebys

The Art market is tanking— Sotheby's has even bigger problems.

The auction house owned by highly leveraged billionaire Patrick Drahi is pushing off payments and issuing IOU's to employees while it waits for a $1 Billion financial lifeline from Abu Dhabi. 

The WSJ reports:

Sotheby's carries $1.8 billion in debt, almost double the level it had before Patrick Drahi purchased it in 2019. 

The value of its bonds swooned in the first half of the year as investors worried that declining sales and higher interest rates would choke off the company's cash flow.

Sotheby's told its bondholders the auction portion of the business had a loss of $115 million in the first half of the year, compared to a $3 million profit in the first half of 2023.

Rival Christie's, owned by luxury magnate François Pinault, has also taken a hit, with its auction sales dropping nearly a quarter during the first half of the year

Sotheby's adjusted operating free cash flow fell to $144 million in the 12 months ended June 30, a 43% decline from the same time last year, according to data from New Street Research.

The auction house has received a lifeline with a $1 billion deal to sell a stake to Abu Dhabi sovereign-wealth fund ADQ, which it hopes to close later this year. 

See the full story on the WSJ here: 

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