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Thread: The Automation Spiral (obligatory loleconomics thread v2)

  1. #741
    Donor Spawinte's Avatar
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    Quote Originally Posted by Lachesis VII View Post
    This is healthy, for sure.

    https://www.theverge.com/2019/7/10/2...-malls-walmart

    Walmart/Amazon arbitrage. What a world.
    I somewhat envy people who get to travel around like that for a living. They seem to be doing okay too.

  2. #742

  3. #743
    Donor erichkknaar's Avatar
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    Quote Originally Posted by Lachesis VII View Post
    Middle management. Actually, the easiest bit to automate.
    meh

  4. #744
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    Quote Originally Posted by erichkknaar View Post
    Quote Originally Posted by Lachesis VII View Post
    Middle management. Actually, the easiest bit to automate.
    Good luck running a consumer economy without a middle class I guess.
    Quote Originally Posted by Paul Mason
    It is absurd that we are capable of witnessing a 40,000 year old system of gender oppression begin to dissolve before our eyes yet still see the abolition of a 200 year old economic system as an unrealistic utopia.

  5. #745
    Lachesis VII's Avatar
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    Meanwhile, in Oakland:

    https://news.vice.com/en_us/article/...-homeless-camp



    Activists say Gene Gorelik showed up to the encampment behind the Home Depot — where hundreds of homeless people live — in an elf costume and “Make Oakland Great Again” hat alongside day laborers in Minion hats. (He called them “GuateMinions” on his Facebook event page and had them blow up large eagle balloons.)

    “Tomorrow morning we will play an economics game,” Gorelik wrote on his event’s Facebook page Thursday, titled “Operation Save Home Depot. “All homeless are welcome to participate. None are forced. If there is any violence, the game is canceled. The show will not begin until everyone is quiet."

    Gorelik offered every resident of the camp $2,000 if they’d all agree to move to a location of his choosing by 8 p.m. local time that night. He said nobody would get the money unless the entire camp left.

  6. #746
    Donor erichkknaar's Avatar
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    Quote Originally Posted by Lachesis VII View Post
    Meanwhile, in Oakland:

    https://news.vice.com/en_us/article/...-homeless-camp



    Activists say Gene Gorelik showed up to the encampment behind the Home Depot — where hundreds of homeless people live — in an elf costume and “Make Oakland Great Again” hat alongside day laborers in Minion hats. (He called them “GuateMinions” on his Facebook event page and had them blow up large eagle balloons.)

    “Tomorrow morning we will play an economics game,” Gorelik wrote on his event’s Facebook page Thursday, titled “Operation Save Home Depot. “All homeless are welcome to participate. None are forced. If there is any violence, the game is canceled. The show will not begin until everyone is quiet."

    Gorelik offered every resident of the camp $2,000 if they’d all agree to move to a location of his choosing by 8 p.m. local time that night. He said nobody would get the money unless the entire camp left.
    The City of Oakland sued Gorelik in 2017 on accusations that he demolished his tenant’s apartment while an elderly man was still living there. He had attempted to evict the tenant on Christmas Day in 2016 and hung a giant pro-Trump sign in front of the apartment after serving the notice, according to the East Bay Express. The tenant refused to leave, and Gorelik bulldozed the home.
    What a nice human being.

    Meanwhile:



    (Oakland is right near those massive spikes on the left)
    Last edited by erichkknaar; July 13 2019 at 05:17:28 PM.
    meh

  7. #747
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    A Trump-loving real estate developer showed up to one of Oakland’s largest homeless encampments Friday morning and promised people thousands of dollars if the entire camp cleared out. Calling it a “game,” he planned to pump cash at them through a leaf-blower.
    checks out

  8. #748

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    https://www.theguardian.com/technolo...-users-privacy

    Google workers can listen to what people say to its AI home devices
    :surprisedpikachuface:

  9. #749
    Lachesis VII's Avatar
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    Quote Originally Posted by Isyel View Post
    https://www.theguardian.com/technolo...-users-privacy

    Google workers can listen to what people say to its AI home devices
    :surprisedpikachuface:
    And these people aren’t even employees, they’re contractors!

    :surprisedpikachuface:

  10. #750
    Donor erichkknaar's Avatar
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    Quote Originally Posted by Lachesis VII View Post
    Quote Originally Posted by Isyel View Post
    https://www.theguardian.com/technolo...-users-privacy

    Google workers can listen to what people say to its AI home devices
    :surprisedpikachuface:
    And these people aren’t even employees, they’re contractors!

    :surprisedpikachuface:
    Labeling data for the benefit of training the supervised ML algorithm isn’t exactly rocket science.
    meh

  11. #751
    Liare's Avatar
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    Quote Originally Posted by erichkknaar View Post
    Quote Originally Posted by Lachesis VII View Post
    Quote Originally Posted by Isyel View Post
    https://www.theguardian.com/technolo...-users-privacy

    Google workers can listen to what people say to its AI home devices
    :surprisedpikachuface:
    And these people aren’t even employees, they’re contractors!

    :surprisedpikachuface:
    Labeling data for the benefit of training the supervised ML algorithm isn’t exactly rocket science.
    erichkknaar in massively not getting what the actual problem is.
    Viking, n.:
    1. Daring Scandinavian seafarers, explorers, adventurers, entrepreneurs world-famous for their aggressive, nautical import business, highly leveraged takeovers and blue eyes.
    2. Bloodthirsty sea pirates who ravaged northern Europe beginning in the 9th century.

    Hagar's note: The first definition is much preferred; the second is used only by malcontents, the envious, and disgruntled owners of waterfront property.

  12. #752
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    Looking forward to the murder case beginning with the labeling slave correcting the computer result for his neighbor shouting "hey Alexa, play music to fuck to" while Mrs. Labeling Slave is giggling in the background.

  13. #753
    Donor erichkknaar's Avatar
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    Quote Originally Posted by Liare View Post
    Quote Originally Posted by erichkknaar View Post
    Quote Originally Posted by Lachesis VII View Post
    Quote Originally Posted by Isyel View Post
    https://www.theguardian.com/technolo...-users-privacy

    Google workers can listen to what people say to its AI home devices
    :surprisedpikachuface:
    And these people aren’t even employees, they’re contractors!

    :surprisedpikachuface:
    Labeling data for the benefit of training the supervised ML algorithm isn’t exactly rocket science.
    erichkknaar in massively not getting what the actual problem is.
    Laire in massively not getting humor non shocker.
    meh

  14. #754
    Movember 2011Movember 2012 Nordstern's Avatar
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    https://www.reuters.com/article/us-d...-idUSKCN1US1Y0
    NEW YORK (Reuters) - Deutsche Bank (DBKGn.DE) has set aside over 1 billion euros ($1.1 billion) to cover the cost of offloading derivatives in its ‘bad bank,’ or capital release unit, three sources at the bank told Reuters.
    Well, that's not good. I mean, 1.1B isn't that much compared to the crisis. They're otherwise healthy, right?
    The cost, which has not been publicly disclosed, is included within the 7.4-billion euro budget the German lender has set aside for its restructuring, which will also see 18,000 jobs axed as the bank exits unprofitable businesses.

    Key to the restructuring is the creation of a ‘bad bank’ to house 288 billion euros of unwanted assets earmarked for sale or wind-down, including equity derivatives and long-dated interest rate and credit derivatives.
    That's...definitely not healthy.
    Deutsche Bank is still assessing and gauging interest in the assets before repackaging some for sale, the sources said.
    Bespoke Tranche Opportunity 2: Electric Boogaloo?
    The bank will run a formal auction of its equity derivatives book, which Reuters reported last week had garnered “significant expressions of interest” from U.S. and European banks, over the next two months, the sources said.

    After that, it will attempt to sell portfolios of long-dated interest rate and credit derivatives. Those assets have low returns and require high levels of capital to be held against them, making them less attractive to buyers. As a result, Deutsche Bank may have to offer deep discounts to offload them, the sources said.
    Isn't that what Goldman Sachs did during the crisis?
    "Holy shit, I ask you to stop being autistic and you debate what autistic is." - spasm
    Quote Originally Posted by Larkonis Trassler View Post
    WTF I hate white people now...

  15. #755

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    They've got $1.3Tn in assets total, so 300Bn isn't that ridiculous amount given how badly the bank as a whole has been underperforming. Deutsche just tried to do too many things. They needed to do this ten years ago when everyone else did it.

  16. #756
    Lachesis VII's Avatar
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    The Aristocrats!

  17. #757
    Donor erichkknaar's Avatar
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    The Labeling Slaves are no more.

    https://techcrunch.com/2019/08/01/ap...vacy-concerns/

    (they've probably heard me say "Fuck off, Siri!" more than once)
    Last edited by erichkknaar; August 2 2019 at 10:37:58 PM.
    meh

  18. #758

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    Got to feel a bit sorry for the contractors. Spend your working days listening to and transcribing people shagging, mouthing off and mumbling at their phones and all of a sudden you're sacked because your job is a PR problem.

  19. #759
    Donor erichkknaar's Avatar
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    I'm not even sure which thread this goes into, tbh. There are probably three we could place it in. I guess this is the closest to lollatestagecapitalism.

    https://news.wfsu.org/post/walmart-s...ance-employees

    The Florida Supreme Court is deciding whether Walmart widowers can sue the corporation for a share of the life insurance policies Walmart purchased in their wives' names. They want some of the $9.6 million the corporation collected when the insurance benefits were paid.

    Walmart got the money when 132 Florida employees enrolled in a corporate-owned life insurance program died. When a company names itself a beneficiary on a policy bought in the name of a rank and file employee, it is known as Dead Peasants Insurance. Walmart stopped the practice in 2000, saying it was losing money. In the case before the Florida Supreme Court, a federal judge is asking the court to decide at the time the policies were purchased whether Florida law provided family members standing -- the right to sue to claim the life insurance money.
    meh

  20. #760
    Lachesis VII's Avatar
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    Dead Peasants Insurance is a good band name.

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