Boeing through hook and by crook had become the world’s only major passenger plane manufacturer. Their order books was years deep, with tens of billions of orders waiting to be fulfilled. Somehow they’ve managed to sink into near insolvency. How did it happen?

Boeing spent tens of billions of dollars over years and years buying up their own stock. They refused to invest in new designs, they refused to invest in their workers, they refused to invest in their process, their tooling, their research and development, and instead played financial games designed to boost their stock price while ignoring the fundamentals of their business. This is what happens when MBA’s take over a company, and Boeing has become a shining example of what not to do with a major company if you care about it surviving, growing, and prospering over the long run.

Continue reading How MBA management destroyed Boeing at uncoy.

Fintech darling Klarna is in the process of laying off half its workers.

People wonder where the laid off people will go. Some suggest this is the beginning of guaranteed minimum income.

Imagine how wild US cities would be if the US Gov’t didn’t directly or indirectly employ most of the working age population and pay them with debt.

There’s no greater motivator for random violence than an empty stomach.

I agree, one cannot underemploy more than 10% of your population and hope for social stability. In fairness, Spain has had youth unemployment of 30% for decades and has not blown up yet, but the restlessness and dissatisfaction is palpable. Young people live with their parents, who have some kind of security and share the wealth. But it makes for a weird society.

Continue reading Klarna AI layoffs may foreshadow GMI at uncoy.

It’s Medium Day. This is what these jokers are celebrating:

UN Under-Secretary-General for Global Communications Melissa Fleming discussing how we can make our information ecosystem safer and more humane

There is a genocide going on in Palestine, with at least 200,000 women and children dead, either form direct bombing, or sniping or malnutrition.

The US elections have turned into mudslinging events, with votes cast by non-citizens and widespread ballot fraud.

The EU has turned into an unelected oligarchy of despots, who are stealing our tax revenues to turn our peaceful lands and trading zone into a “military union”.

Taiwan is being disinherited as we speak, with its billion-dollar chip factories migrated to Texas. Taiwan will no longer be a trading and manufacturing powerhouse, running positive trade deficits, but a military camp running deficits.

Continue reading Medium Day: Celebrate Online Safe Spaces in the Middle of a Genocide at uncoy.

In the comments to The 15 Most Valuable Bitcoin Addresses, The Underdog notes:

This is a shallow, empty, meaningless article, that basically screams to anyone paying attention that: all your transactions are public.

The thing to pay attention to here is this is a one-way trap: the moment the wallet address ID gets associated to your name (think ‘mark of the beast’ or so-called “biometric security”), all of your transaction history becomes retroactively public.

Lets say I’m evil FBI agent #320, and I run #AlQaedaSockAccountProxy. All I have to do to incriminate you is either:

A) Send you a “donation” from my US gov financed sock account of a terrorist org, or

B) Convince (trick) you into donating, such as pretending to be a poor, poor orphan dying from AIDs in Africa, or something (you know, usual charity scams all the gullible NPCs fall for)

Once that’s done, ‘evidence, mi’lord, that the person has financial ties to a terrorist organisation’ become public knowledge, and suddenly you can be convicted.

Continue reading Bitcoin offers zero privacy: vulnerable to entrapment and confiscation at uncoy.

In the comments to Building an AI game studio: what we’ve learned so far | Hacker News, someone notes:

let’s just grant that someday, the tech will be mature enough that this is possible, and let’s even say it goes beyond videogames to movies, to visual art, to graphic design, to writing, etc. Let’s say that AI gets to a place where any joe blow can put in a prompt, and get a competent, and even let’s be generous and say good product out of it. A solid 8/10.
So… who the hell is going to buy it? Because videogames as an industry is already entirely saturated with products that range a whole spectrum from utter dogshit to amazing works of technical expertise, writing, design, etc. There are over 70,000 games on Steam alone now, with 9,000 added in the last 9 months.

Continue reading Nobody needs your AI game or AI movie at uncoy.

There’s a rather poor propaganda puff piece, doing the rounds about heroic Ukrainian drone operators:

A Russian tank is on the move — changing direction and wheeling around. The men inside this room are trying to destroy it. Their constant banter — about girls and weapons — doesn’t seem to affect the focus with which they pursue the tank. One man shouts into the radio; Bereza growls into his phone…

A screen flashes with light. Then billowing smoke. The men whoop and cheer. I have just seen a successful strike. Dima grins. The atmosphere is electric but also strangely banal. The exclusively male cohort, the puerile jokes, the screens, the repeated invocation to “Get Ready!”. It’s like they are all playing a video game.

Great – war has become a video game for frat boys in cellars.

Continue reading Drone Warfare is only in Infancy: What’s next? at uncoy.

Elon Musk has been successful on his own terms, with his participation in the Paypal boom. Still post-Paypal, Musk has been deeply involved in sectors where US government is either the major player or deeply interested: solar energy, electric vehicles, satellite communication and space travel.

In the comments to “That Cretin Never Advised Me On Anything Whatsoever”: Musk Responds To Epstein Subpoena | ZeroHedge, Z Free has an answer for us:

Musk is a Deep State player…

• There’s the half a billion dollars DOD awarded SpaceX in a series of contracts over the past few years to send satellites up into orbit of classified nature on unregistered, unreported missions that presumably have something to do with the DOD’s declared intention to make space into a war-fighting domain.
• $3 billion in NASA contracts SpaceX was awarded in 2021 to develop the human lander for the Artemis Mission.

Continue reading Is Elon Musk deep state? at uncoy.

My father had a beautiful blue Cougar XR7 convertible with the Shelby V8 engine when I was a small boy in Vancouver. He bought it in 1970 when I was five years old. Not exactly a wise purchase for someone who was the father of three small children. Probably an act of rebellion by a 28 year old relative youth finding himself a certified Chartered Accountant with three children before he reached thirty.

Of course he sold that car by the time I was nine. There was a market for it in Toronto, where we had moved for his work and to be closer to his parents and my grandparents. The market was the heir to a small fortune for his first car at seventeen. He wanted to make a statement with the roar of the V8 under the hood and the gorgeous sky blue metallic paint.

Continue reading Real world guide to the economics of collector cars at uncoy.

There’s a lot of talk about UFO’s in the mainstream media these days. In the comments to Congress Just Admitted That UFOs Are Not “Man-Made”, Says “Threats” Increasing “Exponentially” | ZeroHedge, willisjr notes:

This UFO thingy might be a little more nuanced… As with all disinformation campaigns of the DS, I think there is always some “truth” hidden behind their twisted machinations.

Let’s say the UFOs are really made by ETs as what they had suggested (and even whistleblower Bob Lazar claims, which were very consistent throughout the decades since his initial disclosures back since the 80s).

Simple logic would inform us that ETs with their far superior technology as evidenced in the performance characteristics of UFOs, should not be a “threat” to humanity because:

a) If they were really a threat, they could easily wipe us out anytime they had wanted to anyways.

Continue reading Are aliens a threat to human civilisation? at uncoy.

People are paying $300,000 to be named as the owner of this piece of publicly available (questionable) art.

Apparently this left space for the sales team to make a two decimal point typo and sell the NFT for 0.75 of an ethereum coin instead of 75 ethereum. In the real world, clerical price errors like this are usually undoable on high ticket items. Not so in the dog-eat-dog digital world. The sale happened instantly, with no redos.

In the comments to “Bored Ape” NFT Sells For Just 1% Of Expected $300,000 Price Tag After Fat Finger Listing, [jzerohedge](https://www.zerohedge.com/markets/bored-ape-nft-sells-just-1-expected-300000-price-tag-after-fat-finger-listing) notes:

The fact that people buy things like this and bitcoin shows just how stupid we all are and is the reason why all of these psyops by TPTB work so well.

It is things like this that they use to measure the stupidity of the people.

Continue reading “Bored Ape” NFT Sells For Just 1% Of Expected $300,000 Price Tag at uncoy.