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Cake day: June 14th, 2023

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  • https://en.wikipedia.org/wiki/Relationship_of_Bill_Clinton_and_Jeffrey_Epstein

    Epstein’s interactions with Clinton can be traced to the early 1990s. After donating $1,000 to Bill Clinton’s presidential election campaign in 1991, Epstein donated $10,000 to the White House Historical Association in 1993 and, accompanied by Maxwell, attended a donors’ reception hosted by President Clinton and First Lady Hillary Clinton.

    Clinton and Epstein appeared to be on friendly terms; a photo from 2002 shows them together during a stop in Brunei, and in an interview that year Clinton praised Epstein as a “highly successful financier” and “a committed philanthropist”.

    According to one of his lawyers, Epstein was “part of the original group” that conceived the Clinton Global Initiative, a flagship program of Clinton’s philanthropic work. This relationship extended to Maxwell as well – she and Epstein were invited guests at events early in the Clinton Foundation era, and Maxwell was noted as the likely social “glue” connecting Epstein to Clinton’s world.


  • none of them should have more than a few percent in them

    Tesla makes up 2.3% of the S&P 500 and 4.5% of NASDAQ. Then you have business downstream of Tesla - Luminar Technologies sells the majority of it’s LIDAR systems to Tesla, Hertz’s EV fleet is plurality Tesla, Panasonic co-owns Gigafactory 1.

    I was more speaking of the lenders who enable Musk’s bullshit like buying Twitter or fucking around with our elections.

    They do it so they can be first in the door for future IPOs. JP Morgan has been a close ally of Musk’s for decades. And he’s repaid them with numerous opportunities to resell their debt. The Twitter loan was a small price to pay by comparison.






  • UnderpantsWeevil@lemmy.worldtomemes@lemmy.worldSounds interesting
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    7 hours ago

    You spend enough time with New Atheists, and you very quickly discover why the movement tripped over its own dick and died back in the '00s.

    Christopher Hitchens secularizing the invasion of Iraq and Afghanistan, Sam Harris secularizing Islamophobia, Richard Dawkins secularizing misogyny. Joel Osteen juice and crackers seem far more attractive than some greasy, hollow-eyed Objectivist preaching nihilism and genocide in the name of corporate profits.



  • It’d be nice to see the lending market smarten up and tell him to pound sand.

    Because the stock valuation has inflated so far beyond the company’s actual revenues, its been pushed into a number of major index funds and become a “must buy” for 401ks and other retail investment accounts. This creates a kind-of self-fulfilling overvaluation as a result. I don’t think there’s any real market mechanism that will devalue Tesla in the near future. Kicking the Tesla tentpole means shaking up the entire S&P 500. Even the mega-hedge funds with the ability to do it don’t have a strong monetary incentive to try.

    At the same time, the kind of stock growth Elon is expected to deliver in the next five years is astronomical relative to their core position. Either he’s going to Tulip Mania his company again or he’s going to fall far short of the mark.

    I worry he’s going to fuck out space industry in the process of fleecing NASA though.

    NASA’s been a contractor’s boondoggle since at least Reagan. The Challenger Disaster can be linked directly back to an outsourcing scandal that was covered up and buried under Reagan in order to keep Thiokol Chemical Corporation (now a subsidiary of Northrop Grumman) financially insulated.

    I would argue that SpaceX exists precisely because NASA has become a budget of money to be siphoned from. The Space Industry was fucked in the 80s and never really recovered, leading to our reliance on Soyuz rockets for much of the Bush Era and creating an environment at Boeing so toxic that we’ve largely lost our ability to do space flight domestically.

    For all the talk of Moon bases and Mars missions, it seems the real money in aerospace is just spewing up endless waves of cheap disposable satellites for commercial communications. That’s going to be the limit of US space technology for the foreseeable future.




  • He’s gonna cheat to get his trillion

    He’s going to try. Even then, the bar is higher than just nibbling at the margins. And everything is stacked on the shoulders of an overall positive outlook for the US economy in total. He can’t insource all his car sales in any practical sense. And he can’t use options markets to outrun the perpetual gaggle of Tesla bears nipping at his heels. He also can’t reliably expect Congress to bail him out when he’s made this many enemies inside both the White House and Congress.

    That’s not to say he won’t get a piece of paper with “$1T” written on it from his company at some point. But nothing in the Tesla financials suggests he will have anywhere to cash it.





  • He placed loyal people on the board and had them vote to give him control of the company.

    He could place loyalists on the board because he bought a controlling interest in the company.

    And now he has been having them vote to give him absurd unseen before “salaries”

    The latest compensation package has virtually unattainable sales targets. And the compensation is almost entirely in equity that assumes a monumental increase in stock valuation.

    If he can manage it, I’d be tempted to say he earned it, except I know he’ll only “hit” the target by lying and market manipulation that will collapse as soon as he hits his mark.


  • I mean, “stealing” is a strong word. Elon bought them out, and they’re both enjoying a net worth in the hundreds of million.

    What’s more disturbing about Elon’s tenure as head of the company is how social media manipulation, insider trading, and blatant SEC violations can pump a company’s valuation into the stratosphere.

    Marc Tarpenning and Martin Eberhard both continued to contribute advances in engineering that far exceeded the Tesla project. But they’ll never have the kind of easy credit Elon secured through politics and media manipulation. So don’t expect to see them included among the ranks of “billionaire” any time soon.