Peter de Bode

@peterdebode.bsky.social

Things fall apart- the center cannot hold

What you need to know: CoreCivic Inc is a linchpin of the prison-industrial sector and a huge giver to Donald Trump and the GOP. This deal was concluded with a clear expectation that a big chunk of the purchase price would be recycled to the GOP.

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I wonder if a new development in the "President of the United States raped kids and was best friends with the most notorious pedophile in US history" story will be considered worthy of as much attention by our political press as the latest turn in the Obama Cheesecake Factory Joke Saga

Amanda Marcotte@amandamarcotte.bsky.social · 9h ago

Hopefully between this and the new Epstein report, we'll see more movement on this soon. As the Judiciary Democrats report notes repeatedly, there is no statute of limitations on many of the crimes Trump was accused of. apnews.com/article/trum...

Whatever one thinks of Janan Ganesh‘s general point, this column is very misleading. Thomas Mann was anything but apolitical during the time when it really mattered: the Nazi period and the war. His BBC lectures “To the German people” called for resistance and described Hitler’s many crimes. /🧵

"POET has been pleased with the results so far and plans to switch off its gas boilers nearly year-round. The cost of the steam it gets from Antora is competitive with buying natural gas, the company said. "

New Batteries That Store Blistering Heat Are Taking Off (Gift Article)

Large batteries that store electricity have revolutionized power grids and car markets. Now some start-ups are betting that “heat batteries” could be just as transformative.

nytimes.com

‘One of the vaunted benefits of blockchain finance is that its decentralized storage and transactions should make it more secure. But this is another reminder that it has multiple points of vulnerability to hackers. Nowhere is fully safe.’ www.bloomberg.com/opinion/arti...

Binance Says Everything Is OK. It Really Isn’t

The digital-asset industry has just suffered the biggest heist in its brief history with the $6.3 billion hacking of Binance, the No. 1 crypto platform. Yet the messaging from the top is that things a...

bloomberg.com

‘S&P lowered the outlook on Meta’s AA- credit grade to negative on Friday. Growing pressure on the company’s balance sheet stemming from elevated spending tied to AI, and rising debt relative to earnings were key factors in the decision.’ www.bloomberg.com/news/article...

Meta’s Credit Rating Outlook Downgraded to Negative by S&P

S&P Global Ratings took an early step toward potentially downgrading Meta Platforms Inc.’s credit rating within the next two years, amid growing pressure on the tech company’s balance sheet stemmi...

bloomberg.com

‘Railroad investment from 1870 to 1890 accounted for 2.24% of U.S. gross domestic product, according to a Brookings study. That is higher than any single investment, from canals (0.66%) to highways (1.13%), to telecoms (1.10%)—at least until artificial intelligence.‘ www.barrons.com/articles/sto...

What 150 Years of Market Bubbles Teach Us About the AI Boom

More money, relative to the economy, is projected to pour into AI than the railroad expansion of the 1870s or the dot-com boom of the late 1990s.

barrons.com

”Investors are waking up to the fact that the chip shortage may be an illusion,” said the CIO at a North American hedge fund. Demand for components “should not be soft right now, in this part of the cycle,” they added, referring to Intel’s earnings report. www.ft.com/content/3ba9...

US tech stocks tumble as concerns over AI spending intensify

Revelations that Anthropic could receive junk rating after IPO add to concerns over industry borrowing spree

ft.com

Bewust liegen tegenb de Tweede Kamer is een politieke doodzonde waar opzegging van vertrouwen door de Kamer op staat. Stuur deze man die Nederland een autoritaire dictatuur in wil rommelen naar huis. Aan wenig mensen zie je beter dan aan Van Weel dat neoliberalisme de weg plaveidt naar fascisme.

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BREAKING: OVER 4,000 TOTAL TERRORISM ARRESTS AS 94 YEAR OLD MARGARET OWEN ARRESTED AGAIN Today's arrests outside the US Embassy in London bring the total number of arrests under the Terrorism Act in the UK for defying the ban on Palestine Action to over 4,000.