The Big 3 asset managers cast 25% of votes in the board elections of S&P 500 firms. Soon they alone hire & fire leaders of nearly all big companies.
Hayeks idea was that markets are effective because information is decentralised. Is this centralisation not causing inefficiency?
The idea behind index funds was to passively track the market and get the average return for low costs. But not only do these funds actively influence the markets, they soon alone have influence over board elections.
Framasoft is a brilliant non-profit organisation which promotes free open software and libre decentralised services. You can follow them at:
➡️ @Framasoft (in French and English)
They depend on donations to keep going, and they're currently doing a fund-raising drive at:
My uncle just finished 1.6 kg, 700 pages long dictionary of Northern Sami, a language spoken by around 20,000 speakers.
Sami are an indigenous people who have inhabited large parts of Northern Europe spanning from Russia to Norway for millenniums.
He has dedicated his life to advocate for their rights and preserve their languages and culture. This book is a major contribution in an effort to ensure that this ancient language will be passed on to future generations.
TIL that iphones regularly transmit the Mac addresses of devices attached to the same WiFi network to Apple. In addition to their geographical location of course.
So essentially you can be tracked across all locations where an iPhone is near you (and you haven't disabled your WiFi).
that’s right babey, that East Coast Lifestyle babeyyyyyy 🤩 https://www.cbc.ca/news/canada/new-brunswick/canadians-chasing-east-coast-lifestyle-1.6194247
Someone convince me this isn't part of companies desire to alienate users from the computers they use and reinforce the idea that nobody should own anything.
There is a difference between understanding file structure hierarchy and being lazy and using a massive downloads folder like I do and not understanding that files have a specific place in the first place.
Wonders about humanity sometimes—Slightly annoying—Pretty good computer programmer—Stuck in Occupied Lenapehoking—Supporter of small dogs
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