The new NOAA (National Oceanic and Atmospheric Administration) report comes on the heels of the U.N. climate report, released last week, which warned of the “extreme” impacts of climate change, already and continuing to be felt around the globe. The increasing temperatures have been linked to not-so-welcome heatwaves, obviously, but also to the more intense weather systems like hurricanes and droughts.
In a statement to CBS News, NOAA administrator Rick Spinrad commented on the latest alarming record; “July is typically the world’s warmest month of the year, but July 2021 outdid itself as the hottest July and month ever recorded. This new record adds to the disturbing and disruptive path that climate change has set for the globe.”
A clip from the new talk show with Kevin Hart on Peacock called “Hart to Heart” went viral on Twitter, and to say the clip makes you feel uncomfortable to watch, is an understatement.
Hart had on his show actor Don Cheadle and mid conversation while Cheadle made a comment while divulging his age, Hart, very loudly, responded “DAMN!”. The exchange was awkward and Hart clearly attempted to back-peddle, obviously concerned how the one word response could be interpreted.
An article by Esquire breaks down the Twitter reactions, and the viral post has since been shared 25.6K with nearly 100K likes, as well as Cheadle reactions after-the-fact:
In November 2017, with the administration of President Donald Trump rushing to get a massive tax overhaul through Congress, Sen. Ron Johnson stunned his colleagues by announcing he would vote “no.”
Making the rounds on cable TV, the Wisconsin Republican became the first GOP senator to declare his opposition, spooking Senate leaders who were pushing to quickly pass the tax bill with their thin majority. “If they can pass it without me, let them,” Johnson declared.
Johnson’s demand was simple: In exchange for his vote, the bill must sweeten the tax break for a class of companies that are known as pass-throughs, since profits pass through to their owners. Johnson praised such companies as “engines of innovation.” Behind the scenes, the senator pressed top Treasury Department officials on the issue, emails and the officials’ calendars show.
Within two weeks, Johnson’s ultimatum produced results. Trump personally called the senator to beg for his support, and the bill’s authors fattened the tax cut for these businesses. Johnson flipped to a “yes” and claimed credit for the change. The bill passed.
The Trump administration championed the pass-through provision as tax relief for “small businesses.”
Confidential tax records, however, reveal that Johnson’s last-minute maneuver benefited two families more than almost any others in the country — both worth billions and both among the senator’s biggest donors.
Dick and Liz Uihlein of packaging giant Uline, along with roofing magnate Diane Hendricks, together had contributed around $20 million to groups backing Johnson’s 2016 reelection campaign.
The expanded tax break Johnson muscled through netted them $215 million in deductions in 2018 alone, drastically reducing the income they owed taxes on. At that rate, the cut could deliver more than half a billion in tax savings for Hendricks and the Uihleins over its eight-year life.
But the tax break did more than just give a lucrative, and legal, perk to Johnson’s donors. In the first year after Trump signed the legislation, just 82 ultrawealthy households collectively walked away with more than $1 billion in total savings, an analysis of confidential tax records shows. Republican and Democratic tycoons alike saw their tax bills chopped by tens of millions, among them: media magnate and former Democratic presidential candidate Michael Bloomberg; the Bechtel family, owners of the engineering firm that bears their name; and the heirs of the late Houston pipeline billionaire Dan Duncan.
Usually the scale of the riches doled out by opaque tax legislation — and the beneficiaries — remain shielded from the public. But ProPublica has obtained a trove of IRS records covering thousands of the wealthiest Americans. The records have enabled reporters this year to explore the diverse menu of options the tax code affords the ultrawealthy to avoid paying taxes.
The drafting of the Trump law offers a unique opportunity to examine how the billionaire class is able to shape the code to its advantage, building in new ways to sidestep taxes.
The Tax Cuts and Jobs Act was the biggest rewrite of the code in decades and arguably the most consequential legislative achievement of the one-term president. Crafted largely in secret by a handful of Trump administration officials and members of Congress, the bill was rushed through the legislative process.
As draft language of the bill made its way through Congress, lawmakers friendly to billionaires and their lobbyists were able to nip and tuck and stretch the bill to accommodate a variety of special groups. The flurry of midnight deals and last-minute insertions of language resulted in a vast redistribution of wealth into the pockets of a select set of families, siphoning away billions in tax revenue from the nation’s coffers. This story is based on lobbying and campaign finance disclosures, Treasury Department emails and calendars obtained through a Freedom of Information Act lawsuit, and confidential tax records.
For those who benefited from the bill’s modifications, the collective millions spent on campaign donations and lobbying were minuscule compared with locking in years of enormous tax savings.
A spokesperson for the Uihleins declined to comment. Representatives for Hendricks didn’t respond to questions. In response to emailed questions, Johnson did not address whether he had discussed the expanded tax break with Hendricks or the Uihleins. Instead, he wrote in a statement that his advocacy was driven by his belief that the tax code “needs to be simplified and rationalized.”
“My support for ‘pass-through’ entities — that represent over 90% of all businesses — was guided by the necessity to keep them competitive with C-corporations and had nothing to do with any donor or discussions with them,” he wrote.
By the summer of 2017, it was clear that Trump’s first major legislative initiative, to “repeal and replace” Obamacare, had gone up in flames, taking a marquee campaign promise with it. Looking for a win, the administration turned to tax reform.
“Getting closer and closer on the Tax Cut Bill. Shaping up even better than projected,” Trump tweeted. “House and Senate working very hard and smart. End result will be not only important, but SPECIAL!”
At the top of the Republican wishlist was a deep tax cut for corporations. There was little doubt that such a cut would make it into the final legislation. But because of the complexity of the tax code, slashing the corporate tax rate doesn’t actually affect most U.S. businesses.
Corporate taxes are paid by what are known in tax lingo as C corporations, which include large publicly traded firms like AT&T or Coca-Cola. Most businesses in the United States aren’t C corporations, they’re pass-throughs. The name comes from the fact that when one of these businesses makes money, the profits are not subject to corporate taxes. Instead, they “pass through” directly to the owners, who pay taxes on the profits on their personal returns. Unlike major shareholders in companies like Amazon, who can avoid taking income by not selling their stock, owners of successful pass-throughs typically can’t avoid it.
Pass-throughs include the full gamut of American business, from small barbershops to law firms to, in the case of Uline, a packaging distributor with thousands of employees.
So alongside the corporate rate cut for the AT&Ts of the world, the Trump tax bill included a separate tax break for pass-through companies. For budgetary reasons, the tax break is not permanent, sunsetting after eight years.
Proponents touted it as boosting “small business” and “Main Street,” and it’s true that many small businesses got a modest tax break. But a recent study by Treasury economists found that the top 1% of Americans by income have reaped nearly 60% of the billions in tax savings created by the provision. And most of that amount went to the top 0.1%. That’s because even though there are many small pass-through businesses, most of the pass-through profits in the country flow to the wealthy owners of a limited group of large companies.
Tax records show that in 2018, Bloomberg, whom Forbes ranks as the 20th wealthiest person in the world, got the largest known deduction from the new provision, slashing his tax bill by nearly $68 million. (When he briefly ran for president in 2020, Bloomberg’s tax plan proposed ending the deduction, though his plan was generally friendlier to the wealthy than those of his rivals.) A spokesperson for Bloomberg declined to comment.
Johnson’s intervention in November 2017 was designed to boost the bill’s already generous tax break for pass-through companies. The bill had allowed for business owners to deduct up to 17.4% of their profits. Thanks to Johnson holding out, that figure was ultimately boosted to 20%.
That might seem like a small increase, but even a few extra percentage points can translate into tens of millions of dollars in extra deductions in one year alone for an ultrawealthy family.
The mechanics are complicated but, for the rich, it generally means that a business owner gets to keep an extra 7 cents on every dollar of profit. To understand the windfall, take the case of the Uihlein family.
Dick, the great-grandson of a beer magnate, and his wife, Liz, own and operate packaging giant Uline. The logo of the Pleasant Prairie, Wisconsin, firm is stamped on the bottom of countless paper bags. Uline produced nearly $1 billion in profits in 2018, according to ProPublica’s analysis of tax records. Dick and Liz Uihlein, who own a majority of the company, reported more than $700 million in income that year. But they were able to slash what they owed the IRS with a $118 million deduction generated by the new tax break.
Liz Uihlein, who serves as president of Uline, has criticized high taxes in her company newsletter. The year before the tax overhaul, the couple gave generously to support Trump’s 2016 presidential campaign. That same year, when Johnson faced long odds in his reelection bid against former Sen. Russ Feingold, the Uihleins gave more than $8 million to a series of political committees that blanketed the state with pro-Johnson and anti-Feingold ads. That blitz led the Milwaukee Journal Sentinel to dub the Uihleins “the Koch brothers of Wisconsin politics.”
Johnson’s campaign also got a boost from Hendricks, Wisconsin’s richest woman and owner of roofing wholesaler ABC Supply Co. The Beloit-based billionaire has publicly pushed for tax breaks and said she wants to stop the U.S. from becoming “a socialistic ideological nation.”
Hendricks has said Johnson won her over after she grilled him at a brunch meeting six years earlier. She gave about $12 million to a pair of political committees, the Reform America Fund and the Freedom Partners Action Fund, that bought ads attacking Feingold.
In the first year of the pass-through tax break, Hendricks got a $97 million deduction on income of $502 million. By reducing the income she owed taxes on, that deduction saved her around $36 million.
Even after Johnson won the expansion of the pass-through break in late 2017, the final text of the tax overhaul wasn’t settled. A congressional conference committee had to iron out the differences between the Senate and House versions of the bill.
Sometime during this process, eight words that had been in neither the House nor the Senate bill were inserted: “applied without regard to the words ‘engineering, architecture.’”
With that wonky bit of legalese, Congress smiled on the Bechtel clan.
The Bechtels’ engineering and construction company is one of the largest and most politically connected private firms in the country. With surgical precision, the new language guaranteed the Bechtels a massive tax cut. In previous versions of the bill, construction would have been given a tax break, but engineering was one of the industries excluded from the pass-through deduction for reasons that remain murky.
When the bill, with its eight added words, took effect in 2018, three great-great-grandchildren of the company’s founder, CEO Brendan Bechtel and his siblings Darren and Katherine, together netted deductions of $111 million on $679 million in income, tax records show.
And that’s just one generation of Bechtels. The heirs’ father, Riley, also holds a piece of the firm, as does a group of nonfamily executives and board members. In all, Bechtel Corporation produced around $2.3 billion of profit in 2018 alone — the vast majority of which appears to be eligible for the 20% deduction.
Who wrote the phrase — and which lawmaker inserted it — has been a much-discussed mystery in the tax policy world. ProPublica found that a lobbyist who worked for both Bechtel and an industry trade group has claimed credit for the alteration.
In the months leading up to the bill’s passage in 2017, Bechtel had executed a full-court press in Washington, meeting with Trump administration officials and spending more than $1 million lobbying on tax issues.
Marc Gerson, of the Washington law firm Miller & Chevalier, was paid to lobby on the tax bill by both Bechtel and the American Council of Engineering Companies, of which Bechtel is a member. At a presentation for the trade group’s members a few weeks after Trump signed the bill into law, Gerson credited his efforts for the pass-through tax break, calling it a “major legislative victory for the engineering industry.” Gerson did not respond to a request for comment.
Bechtel’s push was part of a long history of lobbying for tax breaks by the company. Two decades ago, it even hired a former IRS commissioner as part of a successful bid to get “engineering and architectural services” included in one of President George W. Bush’s tax cuts.
The company’s lobbying on the Trump tax bill, and the tax break it received, highlight a paradox at the core of Bechtel: The family has for years showered money on anti-tax candidates even though, as The New Yorker’s Jane Mayer has written, Bechtel “owed almost its entire existence to government patronage.” Most famous for being one of the companies that built the Hoover Dam, in recent years it has bid on and won marquee federal projects. Among them: a healthy share of the billions spent by American taxpayers to rebuild Iraq after the war. The firm recently moved its longtime headquarters from San Francisco to Reston, Virginia, a hub for federal contractors just outside the Beltway.
A spokesperson for Bechtel Corporation didn’t respond to questions about the company’s lobbying. The spokesperson, as well as a representative of the family’s investment office, didn’t respond to requests to accept questions about the family’s tax records.
Brendan Bechtel has emerged this year as a vocal critic of President Joe Biden’s proposal to pay for new infrastructure with tax hikes.
“It’s unfair to ask business to shoulder or cover all the additional costs of this public infrastructure investment,” he said on a recent CNBC appearance.
As the landmark tax overhaul sped through the legislative process, other prosperous groups of business owners worried they would be left out. With the help of lobbyists, and sometimes after direct contact with lawmakers, they, too, were invited into what Trump dubbed his “big, beautiful tax cut.”
Among the biggest winners during the final push were real estate developers.
The Senate bill included a formula that restricted the size of the new deduction based on how much a pass-through business paid in wages. Congressional Republicans framed the provision as rewarding businesses that create jobs. In effect, it meant a highly profitable business with few employees — like a real estate developer — wouldn’t be able to benefit much from the break.
Developers weren’t happy. Several marshaled lobbyists and prodded friendly lawmakers to turn things around.
At least two of them turned to Johnson.
“Dear Ron,” Ted Kellner, a Wisconsin developer, and a colleague wrote in a letter to Johnson. “I’m concerned that the goal of a fair, efficient and growth oriented tax overhaul will not be achieved, especially for private real estate pass-through entities.”
Johnson forwarded the letter from Kellner, a political donor of his, to top Republicans in the House and Senate: “All, Yesterday, I received this letter from very smart and successful businessmen in Milwaukee,” adding that the legislation as it stood gave pass-throughs “widely disparate, grossly unfair” treatment.
House Ways and Means Committee Chairman Kevin Brady, R-Texas, responded with a promise to do more: “Senator — I strongly agree we should continue to improve the pass-through provisions at every step. You are a great champion for this.” Congress is not subject to the Freedom of Information Act, but Treasury officials were copied on the email exchange. ProPublica obtained the exchange after suing the Treasury Department.
Kellner got his wish. In the final days of the legislative process, real estate investors were given a side door to access the full deduction. Language was added to the final legislation that allowed them to qualify if they had a large portfolio of buildings, even if they had small payrolls.
With that, some of the richest real estate developers in the country were welcomed into the fold.
The tax records obtained by ProPublica show that one of the top real estate industry winners was Donald Bren, sole owner of the Southern California-based Irvine Company and one of the wealthiest developers in the United States.
In 2018 alone, Bren personally enjoyed a deduction of $22 million because of the tax break. Bren’s representatives did not respond to emails and calls from ProPublica.
His company had hired Wes Coulam, a prominent Washington lobbyist with Ernst & Young, to advocate for its interests as the bill was being hammered out. Before Coulam became a lobbyist, he worked on Capitol Hill as a tax policy adviser for Utah Sen. Orrin Hatch.
Hatch, then the Republican chair of the Senate Finance Committee, publicly took credit for the final draft of the new deduction, amid questions about the real estate carveout. Hatch’s representatives did not respond to questions from ProPublica about how the carveout was added.
ProPublica’s records show that other big real estate winners include Adam Portnoy, head of commercial real estate giant the RMR Group, who got a $14 million deduction in 2018. Donald Sterling, the real estate developer and disgraced former owner of the Los Angeles Clippers, won an $11 million deduction. Representatives for Portnoy and Sterling did not respond to questions from ProPublica.
Another gift to the real estate industry in the bill was a tax deduction of up to 20% on dividends from real estate investment trusts, more commonly known as REITs. These companies are essentially bundles of various real estate assets, which investors can buy chunks of. REITs make money by collecting rent from tenants and interest from loans used to finance real estate deals.
The tax cut for these investment vehicles was pushed by both the Real Estate Roundtable, a trade group for the entire industry, and the National Association of Real Estate Investment Trusts. The latter, a trade group specifically for REITs, spent more than $5 million lobbying in Washington the year the tax bill was drafted, more than it had in any year in its history.
Steven Roth, the founder of Vornado Realty Trust, a prominent REIT, is a regular donor to both groups’ political committees.
Roth had close ties to the Trump administration, including advising on infrastructure and doing business with Jared Kushner’s family. He became one of the biggest winners from the REIT provision in the Trump tax law.
Roth earned more than $27 million in REIT dividends in the two years after the bill passed, potentially allowing him a tax deduction of about $5 million, tax records show. Roth did not respond to requests for comment, and his representatives did not accept questions from ProPublica on his behalf.
Another carveout benefited investors of publicly traded pipeline businesses. Sen. John Cornyn, a Texas Republican, added an amendment for them to the Senate version of the bill just before it was voted on.
Without his amendment, investors who made under a certain income would have received the deduction anyway, experts told ProPublica. But for higher-income investors, a slate of restrictions kicked in. In order to qualify, they would have needed the businesses they’re invested in to pay out significant wages, and these oil and gas businesses, like real estate developers, typically do not.
Cornyn’s amendment cleared the way.
The trade group for these companies and one of its top members, Enterprise Products Partners, a Houston-based natural gas and crude oil pipeline company, had both lobbied on the bill. Enterprise was founded by Dan Duncan, who died in 2010.
The Trump tax bill delivered a win to Duncan’s heirs. ProPublica’s data shows his four children, who own stakes in the company, together claimed more than $150 million in deductions in 2018 alone. The tax provision for “small businesses” had delivered a windfall to the family Forbes ranked as the 11th richest in the country.
In a statement, an Enterprise spokesperson wrote: “The Duncan family abides by all applicable tax laws and will not comment on individual tax returns, which are a private matter.” Cornyn’s office did not respond to questions about the senator’s amendment.
The tax break is due to expire after 2025, and a gulf has opened in Congress about the future of the provision.
In July, Senate Finance Chair Ron Wyden, D-Ore., proposed legislation that would end the tax cut early for the ultrawealthy. In fact, anyone making over $500,000 per year would no longer get the deduction. But it would be extended to the business owners below that threshold who are currently excluded because of their industry. The bill would “make the policy more fair and less complex for middle-class business owners, while also raising billions for priorities like child care, education, and health care,” Wyden said in a statement.
Meanwhile, dozens of trade groups, including the Chamber of Commerce, are pushing to make the pass-through tax cut permanent. This year, a bipartisan bill called the Main Street Tax Certainty Act was introduced in both houses of Congress to do just that.
One of the bill’s sponsors, Rep. Henry Cuellar, D-Texas, pitched the legislation this way: “I am committed to delivering critical relief for our nation’s small businesses and the communities they serve.”
Originally published on ProPublica by Justin Elliott and Robert Faturechi
“Scientists say we cannot allow this to happen. People in power stand in our way.”
Originally published on Common Dreams via Creative Commons
While heatwaves, fires, and floods produce warnings that “we are living in a climate emergency, here and now,” a scientific study suggested Thursday that a crucial Atlantic Ocean current system could collapse, which “would have severe impacts on the global climate system.”
“The likelihood of this extremely high-impact event happening increases with every gram of CO2 that we put into the atmosphere.” —Niklas Boers, PIK
The study, published in the journal Nature Climate Change, focuses on the Atlantic Meridional Overturning Circulation (AMOC), which includes the Gulf Stream. As the United Kingdom’s Met Office explains, it is “a large system of ocean currents that carry warm water from the tropics northwards into the North Atlantic,” like a conveyor belt.
Previous research has shown AMOC weakening in recent centuries. The author of the new study, Niklas Boers of the Potsdam Institute of Climate Impact Research (PIK), found that this is likely related to a loss of stability.
“The Atlantic Meridional Overturning is one of our planet’s key circulation systems,” Boers, who is also affiliated with universities in the U.K. and Germany, said in a statement.
“We already know from some computer simulations and from data from Earth’s past, so-called paleoclimate proxy records, that the AMOC can exhibit—in addition to the currently attained strong mode—an alternative, substantially weaker mode of operation,” he continued. “This bi-stability implies that abrupt transitions between the two circulation modes are in principle possible.”
In the absence of long-term data on the current system’s strength, Boers looked at its “fingerprints,” sea-surface temperature and salinity patterns. He said that “a detailed analysis of these fingerprints in eight independent indices now suggests that the AMOC weakening during the last century is indeed likely to be associated with a loss of stability.”
“The findings support the assessment that the AMOC decline is not just a fluctuation or a linear response to increasing temperatures,” he continued, “but likely means the approaching of a critical threshold beyond which the circulation system could collapse.”
As The Guardian‘s Damian Carrington reports, the collapse of “one of the planet’s main potential tipping points” would be devastating on a global scale:
Such an event would have catastrophic consequences around the world, severely disrupting the rains that billions of people depend on for food in India, South America, and West Africa; increasing storms and lowering temperatures in Europe; and pushing up the sea level in the eastern U.S. It would also further endanger the Amazon rainforest and Antarctic ice sheets.
The complexity of the AMOC system and uncertainty over levels of future global heating make it impossible to forecast the date of any collapse for now. It could be within a decade or two, or several centuries away. But the colossal impact it would have means it must never be allowed to happen, the scientists said.
“The signs of destabilization being visible already is something that I wouldn’t have expected and that I find scary,” Boers told the newspaper. “It’s something you just can’t [allow to] happen.”
It is unclear what level of global heating would cause a collapse, “so the only thing to do is keep emissions as low as possible,” he added. “The likelihood of this extremely high-impact event happening increases with every gram of CO2 that we put into the atmosphere.”
Some climate action advocates responded to the study by highlighting a science fiction movie that, as famed film critic Roger Ebert wrote nearly two decades ago, “is ridiculous, yes, but sublimely ridiculous—and the special effects are stupendous.”
This is literally the exact plot of the 2004 film The Day After Tomorrowhttps://t.co/MQRHRTq9oP
“We all laughed at The Day After Tomorrow, back in 2004,” said Guy Shrubsole, policy and campaigns coordinator at Rewilding Britain. “Turned out it was a documentary.”
The environmental advocacy group 350 Tacoma responded to the findings with a call to action.
“There are warning signs that the Gulf Stream could collapse, an unimaginably catastrophic (and irreversible) impact of fossil fuel-caused climate breakdown,” the group tweeted. “Scientists say we cannot allow this to happen. People in power stand in our way.”
The study comes ahead of a United Nations climate summit in Glasgow set to begin October 31. Last month, U.N. Secretary-General António Guterres noted the upcoming event and reminded leaders of wealthy countries that “the world urgently needs a clear and unambiguous commitment to the 1.5-degree goal of the Paris agreement,” and “we are way off track.”
It is generally agreed that one reliable way to measure one’s intelligence is via aptitude tests like IQ scores. And a person’s IQ typically remains fairly consistent throughout adulthood.
Various brain exercises including puzzles as well as eating nutritious foods and getting proper sleep can also help you to maintain optimal use of your brainpower.
So how is it possible to become “smarter”? Well, the answer is by utilizing the raw brainpower capabilities you already possess and harnessing those cognitive abilities. Check out the various mental models that were developed by author Michael Simmons. These models are ways to look at reality to help make better decisions.
In the graphic below he has broken down 12 ways to improve methods of using the brain power that you already posses.
By taking these and developing the ways that you can make the most of their potential, and then by mixing them with one another synergistically, the potential for improvement is limitless.
You can also click on the link below for a larger resolution version, or visit Michael’s Medium page for more…
Senate Finance Committee Chairman Ron Wyden said on Thursday he is revisiting proposed legislation that would crack down on the giant tax-free retirement accounts amassed by the ultrawealthy after a ProPublica story exposed that billionaires were shielding fortunes inside them.
“I feel very strongly that the IRA was designed to provide retirement security to working people and their families, and not be yet another tax dodge that allows mega millionaires and billionaires to avoid paying taxes,” Wyden said in an interview.
ProPublica reported Thursday that the Roth IRA, a retirement vehicle originally intended to spur middle-class savings, was being hijacked by the ultrawealthy and used to create giant onshore tax shelters. Tax records obtained by ProPublica revealed that Peter Thiel, a co-founder of PayPal and an investor in Facebook, had a Roth IRA worth $5 billion as of 2019. Under the rules for the accounts, if he waits till he turns 59 and a half, he can withdraw money from the account tax-free.
The story is part of ProPublica’s ongoing series on how the country’s richest citizens sidestep the nation’s income tax system. ProPublica has obtained a trove of IRS tax return data on thousands of the wealthiest people in the U.S., covering more than 15 years. The records have allowed ProPublica to begin, this month, an unprecedented exploration of the tax-avoidance strategies available to the ultrawealthy, allowing them to avoid taxes in ways most Americans can’t.
Wyden said ProPublica’s stories have shifted the debate about taxes at the grassroots level, underscoring a “double standard” that would have a nurse in Medford, Oregon, dutifully paying taxes “with every single paycheck” while the wealthiest Americans “just defer, defer, defer paying their taxes almost until perpetuity.”
Wyden said, “Now, the American people are with us on the proposition that everybody ought to pay their fair share, and in that sense, the debate about taxes has really changed a lot.”
The focus on recouping lost tax revenue comes at a critical time, Wyden and others say, as lawmakers look for ways to fund President Joe Biden’s infrastructure plan and other domestic spending.
Wyden had worried for years that Roth IRAs were being abused by the ultrawealthy. In 2016, he put forth a proposal that would have reined in the amount of money that could be stowed inside them.
“If I had my way back in 2016, my bill would have passed, there would have been a crackdown on these massive Roth IRA accounts built on assets from sweetheart deals,” Wyden said.
The proposal was known as the Retirement Improvements and Savings Enhancements Act. It would have required owners of Roth accounts worth more than $5 million to take out money over time, capping the accounts’ growth. It also would have slammed shut a back door that allowed the wealthy to move fortunes into Roths from less favorable retirement accounts. This maneuver, known as a conversion, allows a taxpayer to transform a traditional IRA into a Roth after paying a one-time tax.
Ted Weschler, a deputy of Warren Buffett at Berkshire Hathaway, told ProPublica he supported reforms to rein in giant Roth IRAs like his. Weschler’s account hit the $264.4 million mark in 2018 after he converted a whopping $130 million and paid a one-time tax years earlier, according to tax records obtained by ProPublica.
In a statement to ProPublica earlier this week, Weschler didn’t address any specific reform plan but said: “Although I have been an enormous beneficiary of the IRA mechanism, I personally do not feel the tax shield afforded me by my IRA is necessarily good tax policy. To this end, I am openly supportive of modifying the benefit afforded to retirement accounts once they exceed a certain threshold.”
Wyden’s proposal also targeted the stuffing of undervalued assets into Roths, which congressional investigators had flagged as the foundation of many large accounts. Under the Wyden draft bill, purchasing an asset for less than fair market value would strip the tax benefits from the entire IRA.
ProPublica’s investigation showed that Thiel purchased founder’s shares of the company that would become PayPal at $0.001 per share in 1999. At that price, he was able to buy 1.7 million shares and still fall below the $2,000 maximum contribution limit Congress had set at the time for Roth IRAs. PayPal later disclosed in an SEC filing that those shares, and others issued that year, were sold at “below fair value.”
A spokesperson for Thiel accepted detailed questions on Thiel’s behalf last week, then never responded to phone calls or emails.
The RISE Act was never introduced because, Wyden said, Republicans controlled the Senate at the time and made clear they opposed the effort. The proposal was also heartily opposed by promoters of nontraditional retirement investments. One of them wrote, at the time: “Everything about the RISE Act Proposal is opposed to capitalism and economic freedom.”
Following ProPublica’s story on Roths, Sen. Elizabeth Warren, D-Mass., said the way to address the gargantuan accounts would be a wealth tax, which would impose an annual levy on households with a net worth over $50 million.
Warren tweeted a link to the story and wrote: “Yes, our tax system is rigged with loopholes and tax shelters for billionaires like Peter Thiel. And stories like this will keep popping up until we pass a simple #WealthTax on assets over $50 million to make these guys pay their fair share.”
Yes, our tax system is rigged with loopholes and tax shelters for billionaires like Peter Thiel. And stories like this will keep popping up until we pass a simple #WealthTax on assets over $50 million to make these guys pay their fair share. https://t.co/6aP6l8tG3A
Daniel Hemel, a tax law professor at the University of Chicago who has been researching large Roths, said that Congress should simply prohibit IRAs from purchasing assets that are not bought and sold on the public market.
“There’s no reason people should be able to be gambling their retirement assets on pre-IPO stocks,” Hemel said.
He added that lawmakers should go beyond reforms targeting the accounts directly and address a potential estate tax dodge related to Roths.
If the holder of a large Roth dies, the retirement account is considered part of the taxable estate, and a significant tax is due. But, Hemel said, there’s nothing to stop an American who has amassed a giant Roth from renouncing their citizenship and moving abroad to a country with no estate taxes. It’s rare, but not unheard of, for the ultrawealthy to renounce their U.S. citizenship to avoid taxes.
Under federal law, U.S. citizens who renounce their citizenship are taxed that day on assets that have risen in value but are not yet sold. But there’s an exception for certain kinds of assets, Hemel said, including Roth retirement accounts.
Thiel acquired citizenship in New Zealand in 2011. Unlike the United States, New Zealand has no estate tax. It’s not clear whether estate taxes figured into Thiel’s decision.
A spokesperson for Thiel did not immediately respond to questions on Friday about whether estate taxes factored into Thiel’s decision to become a New Zealand citizen.
In his application for citizenship, Thiel wrote to a government minister: “I have long admired the people, culture, business environment and government of New Zealand, as well as the encouragement which is given to investment, business and trade in New Zealand.”
Patching the hole in the expatriation law, Hemel said, “should be a top policy priority because we’re talking about, with Thiel alone, billions of dollars of taxes.”
by Justin Elliott, Patricia Callahan and James Bandler for ProPublica via Creative Commons.
When the federal government enacted the CARES Act in March 2020, it boosted jobless aid and expanded the benefits to include people who weren’t typically covered, like gig workers. The legislation was designed to cushion workers against the massive blow of a partial economic shutdown during the pandemic.
Originally published byProPublica is a Pulitzer Prize-winning investigative newsroom. Sign up for The Big Story newsletter to receive stories like this one in your inbox.
But if you haven’t already buried your memories of last year, you probably remember how difficult it was to get those unemployment benefits.
Horror stories circulated about people waiting on hold for weeks, trying to get the money they needed to stay afloat. Maybe you remember spending long hours on the phone or the computer yourself. Delays in unemployment benefits heightened feelings of uncertainty that characterized much of 2020, and made the experience of losing your job even more frightening.
But as Cezary Podkul reported for ProPublica this week, this expansion of benefits also attracted fraudsters from all over the world who sought to cash in on the CARES Act. In hindsight, the millions of phony unemployment insurance claims were a large part of what clogged states’ overtaxed computer systems, delaying payments to unemployed Americans filing legitimate claims.
We don’t have a full accounting yet of how much the fraud will end up costing taxpayers. The federal government says it will be at least tens of billions of dollars, but some experts fear it may end up in the hundreds of billions. And on the micro level, every stolen identity fraudsters use to cash in belongs to a real person. If that person tried to file for unemployment themselves, it could take months for them to convince state agencies they were a real person and receive necessary support.
We talked with Cezary about how he discovered the alternate universe of stolen identities and pseudonymous fraudsters selling how-to kits for scamming state unemployment agencies on the dark web. Here’s an inside look at a massive fraud wave.
I was really curious how you went about finding these online forums where scammers were swapping their trade secrets.
So I started off by reaching out to cybersecurity firms and asking them, “Hey, where are fraudsters trading tips and advice and talking about how to do this?” That pointed me to Telegram [an online messaging app]. I got the names of a few Telegram channels where this was happening, and I started looking at those. And then from there I did my own research and found lots and lots of additional ones; it certainly wasn’t hard, because there’s just so many of them.
Did you have a strategy worked out for how you would reach out to scammers?
To be honest, I didn’t know what to expect, because I have never been to any of these forums. I realized that they’re open, public forums. I’m sure there’s some that are private, or invitation-only. But the ones that we wrote about in our story, anyone who wants to view them or access them can enter them as if you were entering a public square in a city.
There was a big learning experience involved in this in the sense that there was a lot of unfamiliar language to me. It wasn’t as if you could just jump in and know exactly what’s being said. You had to see a lot of the traffic and read a lot of messages before you learned what certain acronyms were.
For example, what does it mean for a state to be “lit”? It’s paying out state claims.
At one point, I came across a message in one of the forums that actually had a dictionary, which was super helpful. That was kind of like the Rosetta Stone, and once I came across the dictionary I could translate a lot of this stuff into plain language.
You quote one scammer’s response in the article that’s just two eye roll emojis. I was so curious what question you asked that prompted that response.
Yeah, the eye roll emoji! So that was the user who we cite in the story named “VerifiedFraud.” He was the admin for one of these channels where there was something like 1,300 participants, and he posted what’s called a “sauce.” Sauce, in the language of these forums, is the secret sauce for filing fake unemployment insurance claims in a particular state. He gave away a free sauce to his channel participants. And I asked him about that: Hey, tell me about the sauce. I noticed that you put it on your forum for participants along with the “new month prayer” wishing them luck.
When I messaged him about that I got the eye roll.
And I guess you told him you were a journalist?
Oh, yeah, absolutely. With all the people that I was contacting, I made it abundantly clear: “Hey, I’m a reporter, I’m writing a story about this. I noticed you said this or that and I wanted to talk to you more about it.” You know, “Tell me more about your ‘Fraud Bible.’ Does it work?”
Did you ever try a sauce to see if it worked? Or send it to a state agency?
No. As a journalist, I wanted to make sure I wasn’t doing anything illegal.
I did send a bunch of these sauces — the ones that name specific states that were publicly available — to the states. I sent them to Pennsylvania, New York and California, and I asked them for comments. The states declined to comment on the specifics of whether they worked or anything like that. But they did say generally that they’re aware of them, that they’re monitoring these types of messages with their law enforcement partners.
You have this quote from a scammer in the article: “Virtually all these wealthy entrepreneurs you see around 90% of them started with something illegal to make enough money to run their business.” It seems like some of these people consider themselves businesspeople, and they put some work into this. How different is what they’re doing from working an actual job?
There’s probably some people for whom this has become a full-time endeavor, where this is the main way they’re trying to make money right now because of the opportunity that has been opened up.
But there’s certainly people for whom they might have a day job doing something else. For example, one case involved a Nigerian national who ran an online shoe store. He was also accused of participating in a scheme to defraud states of unemployment insurance funds. And I think the total in that case was something like $489,000 across 15 states. [He’s pleaded not guilty to charges in the case.]
So there’s certainly people who do other things, but there’s others who I’m sure have made this sort of their full-time path. I think it does kind of run the gamut.
Did you get a sense of what percentage of people were working from outside the United States?
There’s no way to tell what percentage. But in reading the messages in these Telegram channels, I definitely got the feel that this was a very international crowd, because you do see messages from people, for example, looking to meet up to do deals in Lagos, Nigeria.
The statistic that really put a period on this for me came from one of the cybersecurity firms that we talked with. They said that one state they work with saw unemployment insurance applications coming from nearly 170 countries around the world.
So these are supposedly state residents applying for unemployment insurance, but when you trace the internet traffic, you see this application is coming from … gosh, they had countries all over the world. It was like the United Nations.
Normal people trying to get unemployment checks in the middle of the pandemic were really struggling, waiting on the line for days at a time and getting disconnected when they were trying to get their unemployment checks. Did you get any sense of if and how fraudsters were better at getting unemployment checks than real humans?
One of the things that I think maybe hasn’t been talked about as much is the interplay between this huge wave of fraudulent claims that we saw and legitimate claimants. Because the information technology on which states are running their unemployment insurance systems is, in many cases, very dated.
Like with North Dakota, they had to actually bring in computer programmers from Latvia to help them run their unemployment insurance computer system last year, because it’s so hard to find anyone who can service the technology. It’s been around for decades.
When you’re dealing with very dated technology, it doesn’t scale well. It can’t handle such huge volumes that we were seeing there during the pandemic. So when you had this huge influx of fraudulent claims, I think it did a few things.
One is it definitely slowed down processing of legitimate claims, because you just end up with backlogs of applications that the states are still struggling to get through because there’s so many people who have applied. There are legitimate claimants mixed in with fraudulent claimants and you have to kind of triage those, and figure out which ones are high-risk, which ones look like they’re very likely to be fraudulent, versus which ones are medium-risk and which ones are low-risk — and you put those through.
The other thing that it spikes is the call volumes. When I asked [Texas officials], why was it so hard for an individual that we profiled in the story to get through to Texas, it was just because they had such a massive call volume. There’s so many people calling the fraud line reporting fraud, there’s so many people calling for help, so many people seeking states’ attention, they just become overwhelmed. That has an impact on legitimate claims.
And then finally, you have legitimate claimants who are collecting unemployment insurance payments, and those payments either stop or are frozen because of suspected fraud. So someone else just stole your identity and used it to file a claim in another state, and all of a sudden you might see your benefits stop, which is what happened to Philip Payton, the individual we profiled in our story.
By flooding the system with so many fake claims, not only did fraudsters, in some cases, get away with pocketing those fraudulent payments, it really caused a lot of hardship for legitimate claimants.
The fraudsters are also probably working with the advantage of being able to send out 40 applications to 40 different states, and if they only get paid by 18 and get stuck in backlogs in the others, it doesn’t cost them very much.
Exactly. It basically comes down to a game of numbers.
Let’s say you go onto a dark web forum and you purchase some stolen identities. You pay $50, $70 for a stolen profile of someone. If you’ve got it, then it makes sense for you to file in all the different states where you think it might pay off, to all the different programs, to all the different government benefits you think that individual might be entitled to. If you don’t, you might be leaving money on the table.
One of the most shocking statistics that I came across, just on a micro level, was in one of the Department of Labor’s Office of Inspector General reports. They mentioned that one person used a single Social Security number to file fake unemployment insurance claims in 40 states, and 29 states paid up. They got something like $222,000.
I think we’re now at that point where we’re starting to realize that this has been a huge problem. And to be fair, it wasn’t just unemployment insurance. You’ve seen our coverage of people creating fake farms in places that wouldn’t even have a farm, like farms on beaches or people claiming they had an orange farm in Minnesota, to apply for PPP loans.
I’ll be curious to see if cybersecurity surrounding these leaks that led to IDs and social security numbers getting out are wrapped up in reform bills too.
If I can put in a plug: If anyone knows where all of the leaked data came from, I would love to talk with anyone who’s got information on that.
One of the terms that you see being used on these telegram chat rooms is the word “fullz.” Fullz is slang for the full suite of personally identifiable information like someone’s name, address, Social Security, driver’s license, the whole thing.
If you’re going to be filling out an unemployment insurance claim form in someone’s name, if you just know their name and their address — okay, that’s one thing. But if you have a full suite of information on a person it just makes it so much easier for you to file a claim that has a significantly higher chance of getting through the system.
So one of the questions that I was asking is: Where did all the fullz come from? This is a question that I became obsessed with in the reporting of this project, and I just couldn’t get a good answer to it. So if anyone reading this has a good answer for that, or a good theory, reach out to me and I’ll be more than happy to talk to you.
by Brooke Stephenson for ProPublica and published via Creative Commons License
When you initially think of the word joy, something like tidying up and cleaning don’t usually come instantly to mind. Marie Kondo’s method Kon Mari, transformed what it means to tidy-up one’s life (literally and metaphorically) and all the surprising benefits, often quite emotional benefits that come as a result.
Her newest Netflix series will premiere on August 31, 2021. In celebration of the pending release, we present, below, a selection of her best books to date.
The Life-Changing Magic of Tidying Up: The Japanese Art of Decluttering and Organizing
Marie Kondo’sfirst book, one that has inspired millions to change ones mindset on the act of simplifying your living spaces.
Within, readers will understand her category system which differs from the typical room-by-room cleaning system. Below is her companion text which is a must have as well. Click to check out “The Life-Changing Magic of Tidying up“.
Spark Joy: An Illustrated Master Class on the Art of Organizing and Tidying Up
In the companion volume, Spark Joy (above), the de-cluterring guru gives readers an illustrated guide, with detailed steps on how to organize almost everything. From drawings of how to fold pesky socks and shirts, to perfecting the art of organizing your closet and drawers, this is a detailed tour-de-force on the unique perspective of Kon Mari.
Her concept on joy and material also makes you rethink what is “necessary” in life. If material things are not bringing you happiness, then perhaps, it is time to let go and simply enjoy life. Click to see more on “Spark Joy“.
Joy at Work: Organizing Your Professional Life
If the need to declutter your home and living spaces are necessary, more times than not, your workplace will also be in need for some TLC.
Stacks of unorganized paperwork, notes and emails can be a drain on career progress. This kind of disorganization can easily create a negative feeling about work.
Marie Kondo utilizes her KonMari method to overcome that workplace mess so you can focus on productivity and happiness. For more details and information, check out “Joy at Work“.
Written works of Action, Sci-Fi, Drama and History all soon to be movies or series
The entertainment industry is booming. As production companies are perfecting covid-19 protocols after the long pandemic hiatus, now the need for content is more pressing than ever. Best selling novels are a solid starting point and have done very well for major production companies for decades.
There are currently many books in the works to be adapted for imminent theatrical release or a major streaming platform.
Well over 20+ books! With so many to choose from, we’ve chosen the top 5 best reads that will are most likely to be a great viewing experiences in the near future.
Dune by Frank Herbert:
The Denis Villenuve’s adaptation will be hitting the big screen (and simultaneously available on HBO Max for 31 days, starting from the theatrical release date), and is anticipated to be a huge Hollywood blockbuster this October 2021. Most by now have seen teaser trailers and a glimpse of the star-studded cast.
This sci-fi film by Frank Herbert has been adapted multiple time into movies in the past. Many, however, haven’t been well received. Possibly, this time around things might be different, with millions of eyeballs waiting to see how this version stacks up to other big sci-fi and fantasy genre successes like that of GOT or Lord of the Rings. Click to buy “Dune“.
Daisy Jones & The Six by Taylor Jenkins Reid:
Daisy Jones & The Six , as one of Reese Witherspoon’s book club (Hello Sunshine) recommendations is set to become an Amazon series in the near future. Witherspoon recently brokered a whopping $900 million deal for her company, which means many of her other book picks will be making big screen debuts. Reese already had a big success in adaptations; Hulu’s “Little Fires Everywhere”.
Riley Keough has been slated as the lead, playing Daisy Jones, which is perfect casting, as she looks almost identical to the pre-existing cover art of the book. The series will follow the fictional journey and infamous breakup of the iconic rock group during the 1970’s. Click for more on “Daisy Jones & The Six“.
House of Gucci by Sara Gay Forden:
A recent trailer for the film, scheduled for release this Thanksgiving, gave viewers a glimpse of the crazy over the top wealth and accompanying murder, mayhem and madness that has been a real-life drama known as the Gucci family.
House of Gucci, the film will feature Lady Gaga, Adam Driver, Salma Hayek, Jared Leto and Al Pacino, this upcoming production looks like it will benefit from being packed with a truly all-star cast. Click to read “House of Gucci“.
The Vanishing Half by Brit Bennett:
The 2020 must read novel will now be turned into an HBO limited series for the streaming platform. The cast and script are still in the works, however there is word that Issa Rae along with author, Brit Bennet will executive produce.
The premise is sure to follow the book that chronicles a multi-generational family, centering on twins Stella and Desiree, growing up in a small town black community and later navigating racial identities. Click for more on “The Vanishing Half“.
The Last Duel by Eric Jager:
Adam Driver, along with Matt Damon, Ben Affleck and Jodie Comer will star in the history epic tale.
The book version of The Last Duel, tells the true story of the trial by combat, a “last” duel during medieval France as a knight defends his wife’s honor against accusations made by a squire.
Set for theatrical release October 15, 2021. Click to find out more about “The Last Duel“.
Last week, ProPublica published the story of how PayPal co-founder and tech investor Peter Thiel was able to turn a Roth IRA initially worth around $2,000 into a jaw-dropping $5 billion tax-free retirement stash in just 20 years.
Originally published by ProPublicaProPublica is a Pulitzer Prize-winning investigative newsroom. Sign up for The Big Story newsletter to receive stories like this one in your inbox.
The story is even more remarkable because Congress created the Roth IRA in 1997 to encourage middle-class Americans to save for their golden years. Most Americans have struggled to do even that; the average account was worth about $39,000 in 2018. But Thiel and other billionaires have managed to turn their mundane Roths into giant onshore tax shelters.
Thiel was able to launch his Roth into the stratosphere through a complicated strategy involving the purchase of nonpublic stock at bargain prices — the kind of deal most people can’t access. Experts say it risked running afoul of rules designed to prevent IRAs from becoming illegal tax shelters. (Thiel’s spokesman didn’t respond to questions.)
Other ultrawealthy Americans have used different means to build Roths worth tens or hundreds of millions of dollars. Senate Finance Chairman Ron Wyden is now looking at how to end the use of the Roth as “yet another tax dodge that allows mega millionaires and billionaires to avoid paying taxes.”
How are they able to do it while you can’t? Check out our explainer of one way the Roth works for the ultrawealthy and not for you.
by Nadia Sussman, Sherene Strausberg and Justin Elliott for ProPublica and published via Creative Commons
The number of multimillion-dollar individual retirement accounts has soared in the past decade, as more wealthy Americans use the tax-advantaged vehicles to shield fortunes from income taxes, according to new data released by Congress today.
The data reveals for the first time the staggering amount of money socked away in tax-free mega Roth accounts: more than $15 billion held by just 156 Americans.
The new data also shows that the number of Americans with traditional and Roth IRAs worth over $5 million tripled, to more than 28,000, between 2011 and 2019.
The data was requested by Senate Finance Chairman Ron Wyden, D-Ore., and House Ways and Means Chairman Richard Neal, D-Mass., following ProPublica’s story last month exploring the rise of mega Roth IRAs. The story, based on confidential IRS data obtained by ProPublica, revealed that tech mogul Peter Thiel has the largest known Roth IRA, worth $5 billion as of 2019.
In a Senate Finance hearing on retirement on Wednesday, Wyden said such massive accounts underscore the country’s inequalities. “Individuals at the very top — at the very, very top — are able to game the rules to get ahead and basically abuse taxpayer-subsidized accounts with pricey accountants and lawyers,” Wyden said. “This increases the already existing retirement inequality between retirement haves and have-nots to an extreme level.”
Roth IRAs were established in 1997 to incentivize middle-class Americans to save for retirement. Congress imposed strict limits, including a cap on how much can be contributed to the accounts each year, which today stands at $6,000 for most Americans. The average Roth account was worth $39,108 at the end of 2018.
But a select set of the ultrawealthy have managed to get around limits set by Congress and transformed the vehicle into a powerful onshore tax shelter. One way they’ve done that is by buying nonpublic shares of companies with extremely low valuations. That allows them to tuck a huge volume of shares into a retirement account. Congressional investigators have previously found that the IRS has struggled to enforce rules around these investments, including whether the valuations are legitimate.
Once money is deposited into a Roth account, any proceeds from investment gains are tax free. So, for example, a Roth owner who sells a successful tech investment for a $1 million profit gets to keep all of the money, saving a potential $200,000 in federal taxes. The savings can then be reinvested, tax free, as long as the Roth holder waits till he or she is at least 59 and a half before withdrawing the money. Owners of traditional IRAs, by contrast, enjoy tax-free growth but must pay income tax on withdrawals. The Roth is considered the more powerful tax-avoidance tool for the wealthy.
The latest numbers come from analysts at Congress’ nonpartisan Joint Committee on Taxation. They update a widely cited study from the Government Accountability Office that released figures on large IRAs in 2011.
The new figures show that, as of 2019, nearly 3,000 taxpayers held Roth IRAs worth at least $5 million. (The total of more than 28,000 people holding IRAs of that size includes both traditional and Roth IRAs.) The aggregate value of those Roth IRAs was more than $40 billion.
Both Wyden and Neal said in statements that the new figures show the need for reform. Neal said that “IRAs are intended to help Americans achieve long-term financial security, not to enable those who already have extraordinary wealth to avoid paying their fair share in taxes and deepen existing inequalities in our nation.” Neal said earlier this month, in the wake of the ProPublica article, that the Ways and Means Committee would draft a bill to “stop IRAs from being exploited.”
For his part, Wyden said, “As the Finance Committee continues to develop proposals to make the tax code more fair, closing these loopholes will be a top priority.” Wyden first proposed an overhaul of IRA rules to prevent the accounts from being used as large tax shelters several years ago. One reform that is being discussed would prohibit investors from putting assets that are not available to ordinary Americans, such as shares of startup companies, into retirement accounts.
Wyden and Neal’s push for reforms comes as Congress is considering bipartisan retirement legislation. The bills are being pitched as helping ordinary Americans save for retirement, including by proposing to automatically enroll workers in employer-sponsored retirement plans. But they also include perks for the retirement and financial industries, such as relaxing rules in ways that are seen as a boon for insurers. And buried deep inside the two complex bills are provisions that could make it harder for the IRS to crack down on the ultrawealthy who dodge tax rules.
by Justin Elliott, James Bandler and Patricia Callahan for ProPublica and published via Creative Commons License
LA shook on July 4, 2019 – felt from Vegas to the Pacific in largest quake since Northridge
A large rolling earthquake centered in Searles Velley, CA was felt all the way to LAX. The epicenter was in the vicinity of Ridgecrest, approximately 100 miles from downtown Los Angeles, in San Bernardino County.
Reports of people noticing the quake came from as far away as Las Vegas and all the way to Newport Beach. The tremblor was at first clocked at 6.6, but subsequently downgraded to 6.4 – still the biggest since the infamous Northridge earthquake that all local residents recall. Fortunately this one was centered in an relatively remote area and no significant damage has yet been reported.
“America The Beautiful” broadcast from Washington DC on 4th of July. Nothing wrong with that. Perhaps this year in particular – with many reasons to remind ourselves of our rights under the constitution and while we consider the future of the nation, perhaps some historical classic and meaningful titles are in order. Some great songs from our hallowed past, many with a more thought provoking auditory emanation of the American Dream, and perhaps that reflect the real lives and loves of Americans.
This Land Is Your Land
The ultimate people’s anthem. Endlessly influential, from Bob Dylan to Springsteen all the way to the present day. Not to be forgotten. Ever.
The Star-Spangled Banner (Jimi Hendrix)
https://www.youtube.com/watch?v=TKAwPA14Ni4
Misunderstood, yet insightful to the nth degree. Performed at Woodstock (50 year anniversary happening now) at the height of unrest during the Vietnam War. For many, perhaps the peak and final moments of the 60s. Has taken on mythic status and while the controversy has faded, the insight and bittersweet love for the country shines through, to this day. Hendrix was a veteran and knew exactly what “rockets red glare” really sounded and felt like.
Born In The USA
In the parade of the misunderstood “Born In The USA” may stand as the most misinterpreted song ever. Pride at being born in the USA? Absolutely. Look at the rest of the lyrics to get the more nuanced take on what it means.
America, West Side Story
What can you say? Classic all the way.
Living In America
Anything by James Brown is an American Treasure.
America The Beautiful (Ray Charles)
Ditto
A bit more from The Boss and some lesser known gems to round out the tour:
Boring? Are you kidding me? Time to look under the hood…
Somewhere in the land of media herding there was a familiar refrain. iOS 15 and iPadOS 15 are “boring”. Apparently the idea behind this is that there is no single feature that changes the entire experience of the iPhone or iPad – no “killer app” or killer upgrade.
The “boring” crowd have focused on things like “you can banish your ex from memories in iOS 15”. I saw a slew of articles with a variation on that title.
The biggest problem with the attitude, which must have been initiated by someone that has not really been hands on with any of the new iOS software (which is still in non-public beta only) is that it’s not true. (A public beta is expected in July but it is not recommended unless you are a developer testing on “non-critical” devices).)
Why? Because there are so many killer upgrades that it’s overwhelming, basically due to the avalanche of amazing new features and improvements. This article will attempt to give an illustration of that by focusing on only one feature inside one built-in app: Memories inside of the Photos app.
First a short digression. We have been testing on several devices including a MacBook Pro 15” from 2017, an original 1st generation iPad Pro (2015) and an iPhone XS Max from 2018. None of these machines have the new Apple Silicon chips and for that reason they are only able to produce the upgraded features that don’t require it.
That makes the improvements that are possible without buying any new hardware even more amazing. Stunningly, of the three devices we upgraded the MacBook Pro was the most stable right out of the gate. Any beta software will have bugs, glitches and sometimes crash but that does not prevent one from testing out features that are new.
The iPad pro, in a non-technical observation almost appears as if the screen resolution has been increased, obviously not possible but, as you will read below, could be part of a stunning emphasis on increased beauty, sensuality and luxurious feel in the new suite of OSs.
Memory movies on iPad OS15 are an amazing example of how AI and machine learning are evolving
For those not familiar with “Memories” they are auto-generated film clips that can be found in the “For You” tab in your photos app on iPhone and iPad. While you are sleeping this feature scans everything in your photos library and uses artificial intelligence, machine learning and neural networks to choose and edit the clips, as the name says, for you.
One not confirmed but almost certain technical backdrop to this is that the learning is improving even between updates to the OS. Not only that but all Apple devices on earth are “cooperating” to help each other learn. That’s a powerful force that spreads across over 1.65 billion devices.
This feature was added in iOS 12 but started to function in iOS 14 on a much higher level. If you had tested and used the feature over the last few years as we have you’d have noticed that the ability of the AI to “see” and select photos and videos to include was limited and, at times, comical. Not any more.
Much of the data that clues the software in as to what photos belong together is from the embedded meta data. The date, time and location information helps to tell the AI that you took a group of images or videos on a day in a particular location.
The difference in iPad OS15 (iPhone too, of course) is that the more difficult to accomplish tasks, such as recognizing the subjective quality of one photo verses another (humans often take several photos of the same scene to try to capture the best out of a bunch). Or, more importantly, who and what are the subject of a photo.
All of this began to get interesting in iPad OS 14 and many groups of photos and videos were already being chosen, edited and enhanced by the software to a level that was fairly impressive.
AI and aesthetics collide and the result is a Joy to witness
Something that is starting to become a thread and a definitive direction that Apple is taking, particularly with the iPad Pro series, is, true to the name, a Pro level of visual production and manipulation throughout the OS.
Center Stage, for example and many other video and photo related upgrades were some of the big features in the newest generation of iPad Pro. Those are great, but require a new iPad along with the OS upgrade.
When it comes to the memory movie clips what we found is that even on the oldest iPad Pro from 2015 the evolution of the software due to the constant learning by the AI is already taking a huge step forward doing all the things that it was already doing only much better.
Apple’s upgrade took that and give it an additional kick up a notch with somewhat that the company is known for: good taste.
What has changed specifically?
In iPad and iPhone OS 14 there were a few things that felt awkward in the way movies were created. The biggest shortfall was in the softwares ability to deal with various aspect ratios.
These days when we shoot photos and videos with an iPhone it is tempting and, at times, wonderful to use the vertical orientation. Other times, for landscapes and other scenes we might prefer a traditional film aspect or even use the panorama feature to get an ultra-wide screen “cinema-scope” style.
Until now this was dealt with very poorly by the software. Mostly the photos would constantly zoom in (the so called “Ken Burns” effect) and if shown without zooming in a vertical portrait shot would have ugly side bars (like a vertical letterbox effect).
The zooming and most of the effects in general destroyed the resolution and therefore the quality of many photos by enlarging them and adding the effects.
Additionally the effects that were added, while cute and fun, were not much more than a way to add fun and not what would likely be used by a human editor. All of this and more made for a kind of novelty feel to the whole process that was nice to have, but many never even bothered to look at the movies that software created for them.
That’s about to be over.
A whole new array of options for the AI to use while trying to entertain
In iPad OS 15, as can be seen on the photos and videos in this article, the ways that the software solves the aspect ratio issue as described above is genius and, dare I say it, beautiful.
In a collaboration between the AI and the software itself it now has a new bag of tricks to use and, boy, does it work. One feature that is fantastic is the letterbox generator for any wide screen photos in any aspect ratio.
How this works is that it takes the iPad aspect ratio and then uses the photo in it original at 100% full resolution and then adds a letterbox. But this is not the usual plain black bars we are all familiar with – the software and AI are able to see and analyze the photo and create a custom gradient letterbox that can be any shade or color.
The effect is often astoundingly tasteful and often makes the original photo look even better. We tested it on award winning photos (video above) and the result is, basically art. Also on our own “nice” photos, chosen 100% by the AI and software, look amazing also.
Actually, all the photos and videos in the clips generated from the library look much better than I had remembered. That turns out to be because the software and AI now do automated color grading on all the photos and videos in all the generated memories !
Color grading also known as color correction, especially for video, has traditionally required an expensive expert and high end software (and hardware) to enhance and color match various photos and clips, that have often been taken at different times and places, where lighting conditions vary and sometimes were shot with different camera.
AI and machine learning software on iPad OS15 (and iOS 15) now has a virtual colorist actively adjusting your shots and enhancing and color matching them while you sleep. That is basically insane. That’s probably why it appeared that the photos and even the iPad itself had been upgraded.
Ok, I could go on and on about that one feature, but let’s move to some more features. There are also new effects that are added that vary with each memory (there are a lot more clips being generated, including various versions of the same idea to choose from).
In the experiments so far the effects are clearly better and more subtle than in iOS 14. Again in many cases I found myself saying the word “beautiful” when I tried find an adjective to describe the results.
For shots that have a vertical bias there’s a vertical geometric split screen effect, often with a thin black border, and it has a kind of 60’s on steroids feel with the bars sliding in and out and resizing into place.
Another effect not seen in iOS 14 is a kind of circular rotation – great for landscapes – it’s not a common effect probably because it is computationally complex, but for the AI, it’s a snap. Sometimes this effect has a kind of blur-dissolve added which makes it fun and, again, still tasteful.
It appears that the effects are not only better and there’s a larger bag of them, but they appear to evolve and adapt to the content, that is to say that the speed and depth of each changes with the music combined with the photo and video content.
Oh, and the music. OMG. Each clip has 6 songs pre-selected and the entire clip adapts, in real time (!), when you change the song, showing you various styles and looks that match. Apparently Apple Music is also connected if you have a subscription.
As a mater of fact, it is hard to be certain, as we have not had more than a few hours to test this, but nearly everything appears to be “live” and constantly evolving in real time. In order to “freeze” a version of a memory you have to “favorite” it (with the typical heart symbol) and then “add to memories” in order to edit (change the names or choose more images – or remove anything if it is not to your liking).
There is so much more not yet mentioned here: this article could probably be a book
The AI is also getting creative with names and “concepts” for the clips. For example, if you had lunch (or took photos) over the years in the same city (for me it was Knoxville, TN) it might look at the coincidence that you tended to take photos around midday in that town and then create a memory clip called “Lunch in Knoxville over the Years”. Or for example the clip at the head of this article: “Golden Hour Over The Years”.
This is an early and primitive foretaste of the literary ambitions of AI. In the new Photos App in iOS 15 it is beginning to “think” about when, where and why humans take photos and videos and then conceiving a story that fits the behavior it is witnessing.
Other titles go beyond the basic “Amsterdam in 2016” and start to use the understanding and visual ability to “see” what is in the photo to create a clip like : “Playing in the Snow at Christmas”. Snow? Does it know it’s cold? Maybe just that it’s white and happens in the northern hemisphere in December. This is just the very beginning of something that will evolve, hourly, from now on. I can’t wait.
The Apple Tower Theater is officially open and marks one of Apple’s most significant and iconic restoration projects. The company worked alongside restoration artists and the City of Los Angeles in order to preserve the theater which was originally designed back in 1927 by architect Charles Lee.
CEO Tim Cook was in attendance of the grand opening alongside Retail Chief Deirde O’Brien. He took many pictures and selfies with attendees and welcomed the first customers into the Downtown Los Angeles Store.
Customers were excited to explore the Apple Tower Theatre and took the opportunity to snap photos of the beautifully restored arches, as well as getting their hands on the latest products like the iMac, iPad Pro and new iPhone 12.
Though many ambitions and luxurious Apple Stores have be build, including the biggest in NYC, Apple Fifth Avenue, and more recently Apple Store Singapore (see video below), the new downtown LA location is unique in that it simultaneously reincarnates an amazing former mecca for filmmaking and Hollywood glamour and also reimagines it in a compatible and yet up-to-date style.
As the company has surpassed $2 trillion in market capitalization, and is the largest of the big tech giants, the emphasis on community, yet in a beautiful, luxurious setting, is befitting of this giant, yet often underestimated behemoth.
Apple Tower Theatre will be open from 10 a.m. to 8 p.m. from Monday to Saturday, and 11 a.m. to 7 p.m. on Sunday. The Tower is located on the corner of Eighth and Broadway: 802 S Broadway, Los Angeles, CA 90014.
ProPublica drops a second monumental article based on treasure trove of IRS, SEC & court data
Excellent reporting of tax injustices among the obscenely rich continues with a huge and revelatory piece on Peter Thiel and his “little” Roth IRA scheme. Going well beyond the previous article that detailed how Bezos, Musk, Buffet and others all use loans secured with share holdings to avoid income, and thus avoid paying tax the “Lord of the Roths” is even more explosive.
While the emphasis of the article on Thiel’s Roth IRA takes on the task of trying to somehow compare an “average” investor’s potential gains with the unimaginable magnitude of Thiel’s windfall, this is something that makes sense as a valid perspective, but the obscenity is nearly lost in the opaque fog of numbers beyond comprehension.
For example: your Peter is basically gifted 1.7 million shares by the company he was one of the founders of (along with Elon Musk and the rest of the so called “PayPal Mafia). That “purchase” costing less than $2000 based on the ridiculous price of $0.001 per share was used to found a Roth IRA.
The engineered numbers were no accident: at the time, in 1999, a Roth IRA account had a maximum allowable contribution amount of $2,000. Since the shares were “below fair value”, the fact of which was admitted by PayPal in an SEC filing from the time just before the company went public, the value increased massively, by 227,490% in the first year. Which increased the value of the paltry $2k up to $3.8 million.
Though obviously not enforced, regulations at the time forbade this kind of “stuffing”. Meaning, the initial trade that launched this scheme was possibly illegitimate, if not unlawful. Or, as ProPublica more kindly phrased it: “Investors aren’t allowed to buy assets for less than their true value through an IRA. “
As a matter of fact, according to the article, the “stuffing” was so successful that no further contributions were ever made into the account after that initial 1999 sum.
Since a Roth IRA allows a person to trade stocks within the account tax free, as long as no withdrawals are made, this large but still comprehensible sum was the start of a 20 year use of the tax statutes to build a fortune of over $5 billion without paying a single penny in tax.
Hitting $870 million in value by 2008, by 2019 the tax free enterprise, built on the less than $2000 initial contribution (stock “purchase”), ultimately ballooned to 96 sub-accounts with holdings of $5 billion.
Ok, so that’s the short summary of the mind blowing numbers. For a more detailed account, by all means visit the original article.
The numbers are outrageous, but the entitlement and arrogance is on a whole other level
The part of the story that should spark outrage is not in the numbers but begins where the almost inhuman greed, hubris and hypocrisy at this good fortune grows apace with the size of the tax free bonanza. Because Peter Tiel is not just any run-of-the-mill untaxed billionaire.
The endlessly expanding windfall he received, tax free, did not engender a mindset of charity or gratefulness at his miraculous providence.
Above: Photo Collage / Lynxotic
Instead Thiel, once the wealth lent him a position of power, preached and pushed the idea that the US government, the same one that he was able to avoid paying taxes to, was guilty of over-taxing people like him (and poor people too).
He spent millions of dollars in an effort to influence Republican politicians and groups that have anti-tax agendas, to change the laws in ways that would add even more advantages to his already preposterously privileged position. Then this: as per ProPublica: “In 2016, he became the rare Silicon Valley titan to endorse Donald Trump.”
And, in an arrogance that is as incomprehensible as the size his effortlessly expanding fortune, he espouses the belief that people like him are entitled to these kind of spoils because, after all, without him we might have to live without PayPal and….wait for it…. Facebook.
Yes, you heard that right. In 2004, Thiel used his IRA to buy $500,000 worth of shares in a, then private, company called Facebook, which was the first big outside investment in Zuckerberg’s soon to be massive monstrosity.
By using his IRA funds to buy shares of the start-up he was able to avoid tax on all the future gains of those shares. (ProPublica, in excellent investigative reporting, uncovered this tidbit by combing though Facebook court documents).
So, again, ostensibly, based on his well known statements, we are not only to congratulate him on his clever method of avoiding any taxation whatsoever on the first gambit with the PayPal shares, but we ought to effusively thank him for helping Facebook to become the dangerous purveyor of surveillance and phantom tollbooth Ponzi empire that is it today?
In perhaps one of the greatest illustrations of how power corrupts, this idea that because he was able to amass a fortune on such a massive scale without the burden of any tax whatsoever, he is somehow a hero to be emulated, is the real reason for us to be outraged.
That an average person might be lucky to turn $2000 into $250,000 over two decades, as was illustrated in detail in the article, while Thiel easily turned it into $5 billion, is outrageous, yes.
But the real “crime” is that it was done with zero benefit to anyone except him and other Silicon Valley insiders at companies like PayPal and Facebook.
Could it be argued that Facebook is a gift to humanity? Well, in 2021 that would be a tough argument to put forth without being laughed out of the room. And PayPal? It’s doubtful that Satoshi Nakamoto has to fear competition from any of the PayPal Mafia (including Mr. Musk) when the crown for greatest financial innovator of the century is awarded.
In a revelation that could have received more page inches, the article also exposes a second, possibly more plausible reason, regarding why Thiel went to great lengths to bankrupt Gawker Media, which he blamed for outing him as Gay. That politically convenient motivation could very well have covered up the real reason:
Again, as per ProPublica:
“In a story headlined, “Give Me Liberty or Give Me Taxpayer Money,” Gawker Media, citing anonymous sources, revealed that Thiel held his Facebook investment in a tax-free Roth.”
Companies built on greed and hubris create nothing and, in the end, die
Thiel believes he will live to be 120 years old. Based on his comments and writings he appears to believe that the world would benefit from that eventuality.
But when looking at the companies he helped to build, and the obscene fortune he was rewarded with for binging them into being, it seems like most of us, after accessing his life’s works and “accomplishments”, would be more thankful for the improbability of that dream coming true.
2087? That will be the year that either Utopia or Oblivion will have arrived for humanity and the planet earth. If by a miracle an earthly Utopia comes to be, it is highly unlikely that PayPal, Facebook or Mr. Thiel will have had any hand in bringing it about.
Above: Jack Dorsey & Elon Musk – Photo – various / tesla / Twitter / collage Lyxotic
Possibly staged “Twitter feud over BitCoin” leads to portentous upcoming event: “THE talk”
Although both Jack Dorsey, head of both Twitter and Square, and Elon Musk are long standing and staunch BitCoin advocates, a lot of chatter around the internet has painted Musk as having gone soft on the crypto currency.
Th narrative that has been put forth pits his loyalty to Bitcoin as somehow incongruous with his support for DogeCoin, the somewhat less serious AltCoin variant he has openly championed.
Intermingled with this straw-man charade, is the also over-hyped idea that the energy used by BitCoin mining is a factor in global warming and therefore a stain on Musk’s otherwise high profile positive sustainable energy resumé.
While many article have shown this argument to be blown out of proportion at best, apparently the whole world (China, if you’re listening) has seized on this talking point as a way to damage BitCoin’s popularity and pedigree.
The attempt to use this argument to undermine BitCoin’s adoption progress and futuristic pedigree appears to have already backfired, however. For example, at the recent BitCoin conference in Miami, Jack Dorsey announced plans to invest in a sustainable energy powered BitCoin mining facility.
Elon Musk has also stated via his twitter account that Tesla would resume accepting BitCoin payments, as soon as more miners switch to renewable energy. This coming after he had announced, to great fanfare, that Tesla would accept the cryptocurrency and then, in May, reversed the decision after backlash from those who pounced on the issue to try to tarnish Tesla’s sterling reputation as a proponent of the transition to sustainable energy.
Though not yet confirmed 100%, the Twitter exchange between the two titans implied that the “talk” would take place in conjunction with the “The B Word” BitCoin conference, which kicks off on July 21, 2021. Sponsored by Ark Invest, Square and Paradigm, the big name speakers and hype already building, along with the timing, coming on the heels of a huge peak then “crash” in the crypto markets, looks to be a watershed event for Bitcoin and cryptocurrencies in general.
Details on whether the exchange between the two will be live on stage or via video conference have, as of yet, not been revealed.
Twitter and Square CEO Dorsey tweeted Thursday about an upcoming “The B Word” bitcoin event, and Musk responded to it. It’s unclear if the event, which kicks off on July 21, will be virtual or in-person.
The potential for drama as the two discuss a topic on which they, for the most part agree, is a smart way to hype the event, both the conference itself and the monumental meeting for “THE Talk”.
Regardless of any fireworks or revelations coming out of the event and the meeting between these two incredibly influential business leaders, the upshot is that all of the above is a net positive for BitCoins progress toward more widespread adoption and acceptance.
Critical mass may already been achieved for crypto in the US
The overly manic focus on price fluctuations notwithstanding, there is a rapidly growing sense that the #1 cryptocurrency as well as all related coins and activities are reaching the point, in the US, that it will be impossible to return the genie to the bottle.
Any attempt to block or outlaw, in totality, the emerging world of crypto-finance, is likely to fail. Realizing this there appears to be a faint whisper of capitulation on the part of both the government in the US and among the “old guard” establishment, namely Wall Street.
Dorsey’s take, as quoted from his appearance at the BitCoin conference in Miami:
“Governments are trying to block cryptocurrency use to avoid losing hold of power”
“It can’t, and it never will.” — musing on the likelihood of Wall Street controlling bitcoin.
“That’s why we don’t deal with any other currencies or coins — because we’re so focused on making bitcoin the native currency for the internet.” — when asked about payments provider Square’s ambitions for bitcoin.
The full moon that happens in June is often referred to as the strawberry moon. Although, if you look to the sky, the moon will look full starting Wednesday night and into Friday night, the moon will be 100% full starting 2:40 P.M. EDT Thursday, June 24, 2021. This will mark the first full moon after summer solstice and the last supermoon of the year.
Despite the sweet name, the moon will not really resemble any coloring of a strawberry, rather it will have more of a golden color. The reference to the fruit was often used by Native American tribes, like that of the Algonquins to signal the ripening of strawberries that were ready to be harvested.
What makes a full moon a “Supermoon”, according to NASA, occurs when the Moon’s orbit is closest to the Earth at the same time as when the moon is full, making the moon appear much brighter and larger than the usual full moon.
In addition, any full moon that comes within 224.791 miles/ 361,766 km of Earth is categorized as a supermoon. For the Strawberry Supermoon on the 24th, the moon will be 224,662 miles / 361,558 km away from Earth.
More sky news: mercury has gone direct
In an alternate celestial observation, the dreaded retrograde mercury ended when mercury went direct on June 23rd. Astrology buffs always welcome the end of the mercury retrograde periods, known for confusion and, in particular, technological snafus and breakdowns.
Fortunately the full moon due on the 24th / 25th is seen, astrologically speaking, as a highly positive force and should help us all to celebrate the escape from mercury in retrograde and it’s chaos, as we glide smoothly into a more productive phase into July and beyond.
To get additional information on when the moon will rise and set in your area, click on the moonrise and moonset calculator.
Marking the beginning of a new era of Hollywood tech glamour
Somehow it is slightly disconcerting to see iconic and historic movie theaters repurposed or simply demolished. The former is preferred. However, this is not just any renovation, not just any commercial repurposing.
This is a bold and strategic statement that Apple is not just the future of computing but the future of entertainment, enabler of creativity and the beating heart of digital communication.
In renovating, really rescuing the location, Apple has, seemingly, taken the deeper meanings to heart and tried, with a budget befitting the world’s largest company, to do justice to the majestic, historic landmark, even as they transformed it into a temple to all things Apple.
The link to Hollywood’s glory days is not inappropriate or hard to grasp, and there’s a nod to the innovative and pioneering spirit of those early days of film, and an attempt to draw a lane directly to the potential for Apple’s products and services to enhance creativity, entertainment experiences, and, well, life.
There’s also statement lurking in the transition, potentially a permanent one, which sees in-person pleasures like viewing a film on the big screen in opulent surroundings begin to fade into the past and a move into sales and learning nodes for devices and methods we can use to build and inhabit the metaverse.
In the press release from today the sub-head reads: “Historic theater has premiered new technology since 1927” – in an, apparently, heartfelt attempt to build a link between the technology of today and the entertainment marvels showcased at the theater during a bygone era.
The connections to Hollywood are no longer metaphoric
With Apple in the middle of a long transition away from just devices and hardware and into a service and communications company, the importance and multi-layered meaning of this location is unavoidable.
Creativity and communication, and most of all a deep bond with the emerging “creator class” that Apple itself had a huge role in bringing into being, are at the heart of the message they are sending with this location, the lavish and loving renovation and in the press release itself.
Once literally an underdog, first to IBM and later to the “evil empire” of Microsoft’s Kock-offs, Apple is still, oddly, often underestimated and misunderstood, or at least not understood until changes permeate society.
Nothing says, nay screams, that we are approaching a golden age of Apple than the new Apple Tower Theatre complex. That golden age will occur when the world catches up with the potential of having a professional film production studio in your pocket and all the other technical innovations still to come.
The great singularity of the Apple ecosystem
There is a hugely important convergence coming in the galaxy of Apple products, software and services, that is not yet halfway implemented. The next couple of years are bound to see powerful, sometimes confusing, always remarkable advances in the company’s offerings and the way that we interact with them.
And now, with the Apple Tower Theatre in LA, there is also a mecca which can be the end destination for any pilgrimage of the faithful. Also, with Hollywood creative talents literally around the corner, what better location could there be as a reminder for the power brokers that AppleTV+ is here to stay and plans to engage at all levels and intends to seek options on any deal.
Today at Apple Creative Studios will reach out to budding creativity everywhere
Strongly associated with the theater’s launch is also a enlargement and
Today at Apple Creative Studios – the project is a global initiative for “underrepresented young creatives” and is an ongoing part of Today at Apple which is hosted at Apple Stores worldwide.
As per the Apple press release:
“In collaboration with the nonprofit Music Forward Foundation, as well as Inner-City Arts and the Social Justice Learning Institute, Creative Studios LA will provide access to technology, creative resources, and hands-on experience, along with a platform to elevate and amplify up-and-coming talents’ stories over nine weeks of free programming.”
Apple: The overhead dome, which originally depicted scenes full of clouds and cherubs, had been painted over in a previous restoration. It now brightens the space with an atmospheric sky.
“Today at Apple will also offer public in-store sessions at Tower Theatre and virtual sessions hosted by Creative Studios teaching artists and mentors, including photographer and filmmaker Bethany Mollenkof, rapper and producer D Smoke, singer-songwriter Syd, and cellist and singer Kelsey Lu. Noah Humes and his mentor, Maurice Harris, two artists who worked on the mural outside Tower Theatre inspired by the spirit of Creative Studios LA, will also teach a virtual session. Everyone is welcome to register at apple.com/creative-studios-la.”
“Originally home to the first theater in Los Angeles wired for film with sound, the historic Tower Theatre was designed in 1927 by renowned motion-picture theater architect S. Charles Lee. That legacy of technological innovation continues today as the perfect venue to discover Apple’s full line of iPhone, iPad, and Mac, each of which has transformed modern-day filmmaking, photography, and music composition.”
“Upon the closing of its doors in 1988, the space has lain empty and unused. With the same level of care found in previous restoration projects, Apple collaborated with leading preservationists, restoration artists, and the City of Los Angeles to thoughtfully preserve and restore the theater’s beauty and grandeur. Every surface was carefully refinished, and the building has undergone a full seismic upgrade.”
Apple Tower Theatre Opens Thursday at 10 a.m.
The store team will welcome its first customers Thursday, June 24, at 10 a.m. Apple Tower Theatre will be open from 10 a.m. to 8 p.m. from Monday to Saturday, and 11 a.m. to 7 p.m. on Sunday, with team members ready to provide support and service to all visitors. For those wishing to order new products online, customers can get shopping help from Apple Specialists, choose monthly financing options, trade in eligible devices, receive Support services, and elect for no-contact delivery or Apple Store pickup.
Less than 14 hours of Free Standard shipping for all orders
Not everyone is a Prime member of the giant retail behemoth. And not everybody wants to be. And independent booksellers have not exactly benefited from the rise of the giant. If you love books, appreciate bookstores in your local area, or just know a great deal when you see it, today is your day.
In an unprecedented move, bookshop.org is offering free shipping, no membership required, no strings attached, on purchases made on June 21st and 22nd. We have compiled a list of ideas below, but feel free to just head over and browse, or even search right here:
Lynxotic may receive a small commission based on any purchases made by following links from this page
Above: Photo Credit / Publishers / Various
In music the famous example is Pink Floyds “Dark Side of the Moon” which, incredibly, remained in the top 100 charts for more than 18 years. When it comes to popularity and longevity, there are certain works of art and literature that exist on a whole other level.
When it comes to books, classics remain on must-read lists for centuries. During more recent times we have these examples of books that remain the most popular around for decades. The Alchemist by Paulo Coelho was first printed in 1988, 33 years ago. Rich Dad Poor Dad, meanwhile, was published by Robert Kiyosaki and resonated immediately with readers, and has never lost its appeal, still hovering near the top of best seller lists. The Four Agreements, similarly, has remained immensely popular for 24 years. And, finally, The 48 Laws of Power has fascinated and attracted readers, with a nearly unmatched power for 21 years.
Below we are happy to feature these incredible, evergreen wonders, along with some information on the titles.
In The Four Agreements, bestselling author don Miguel Ruiz reveals the source of self-limiting beliefs that rob us of joy and create needless suffering.
Based on ancient Toltec wisdom, The Four Agreements offer a powerful code of conduct that can rapidly transform our lives to a new experience of freedom, true happiness, and love.
– A New York Times bestseller for over a decade – Translated into 46 languages worldwide
In the 20th Anniversary Edition of this classic, Robert Kiyosaki offers an update on what we’ve seen over the past 20 years related to money, investing, and the global economy.
Sidebars throughout the book will take readers “fast forward” — from 1997 to today — as Robert assesses how the principles taught by his rich dad have stood the test of time.
In many ways, the messages of Rich Dad Poor Dad, messages that were criticized and challenged two decades ago, are more meaningful, relevant and important today than they were 21 years ago.
Combining magic, mysticism, wisdom and wonder into an inspiring tale of self-discovery, The Alchemist has become a modern classic, selling millions of copies around the world and transforming the lives of countless readers across generations.
Paulo Coelho’s masterpiece tells the mystical story of Santiago, an Andalusian shepherd boy who yearns to travel in search of a worldly treasure.
His quest will lead him to riches far different–and far more satisfying–than he ever imagined. Santiago’s journey teaches us about the essential wisdom of listening to our hearts, of recognizing opportunity and learning to read the omens strewn along life’s path, and, most importantly, to follow our dreams.
First published in Spanish in 1988 and in english on April 15, 1993
In the book that People magazine proclaimed “beguiling” and “fascinating,” Robert Greene and Joost Elffers have distilled three thousand years of the history of power into 48 essential laws by drawing from the philosophies of Machiavelli, Sun Tzu, and Carl Von Clausewitz and also from the lives of figures ranging from Henry Kissinger to P.T. Barnum.
Some laws teach the need for prudence (“Law 1: Never Outshine the Master”), others teach the value of confidence (“Law 28: Enter Action with Boldness”), and many recommend absolute self-preservation (“Law 15: Crush Your Enemy Totally”). Every law, though, has one thing in common: an interest in total domination. In a bold and arresting two-color package, The 48 Laws of Power is ideal whether your aim is conquest, self-defense, or simply to understand the rules of the game.
There are many new books emerging recently covering health and wellness that align with the goal to make healthier lifestyle choices. Whether looking for alternative health options, proven ways to build good healthy habits, wholesome food recipes, mind and bodyoptimization, or to find the best ways to shed weight, it’s better than ever now to choose a book to get started.
The books below are chosen to represent an eclectic selection on health and wellness featuring the authors’ wide ranging expertise in their respective fields. Clinical herbology, integrative medicine, neuroscience, naturopathy, nutrition, and human behavior are all represented.
Our curated selection contains the best selling and most recommended in the category of health and wellness thus far for 2020:
Click to Buy “Wild Remedies” and at the same time help Lynxotic and All Independent Local Bookstores
Millions of people are interested in natural or alternative health–but many of them are missing out on the most important ingredient: Nature itself Wild Remedies inspires readers to rekindle their connection with nature by identifying, tending, and harvesting the plant medicine they find growing around them. Experts Rosalee de la For t and Emily Han explain the benefits of 25 commonly found wild plants, many of which are also easy to grow. Readers will also find a wealth of recipes, remedies, crafts, and activities to bring the healing and transformative powers of these herbs to life. After reading Wild Remedies, readers will view their lawns, parks, community gardens, and other natural spaces in a whole new way. Instead of “weeds,” they will see delicious foods like Dandelion Maple Syrup Cake, Nettle Frittata, and Mallow and Quinoa Patties. They will also begin to revel in nature’s medicine chest as they make remedies like herbal oils, salves, teas, and more.
Click to Buy “Atomic Habits” and at the same time help Lynxotic and All Independent Local Bookstores
No matter your goals, Atomic Habits offers a proven framework for improving–every day. James Clear, one of the world’s leading experts on habit formation, reveals practical strategies that will teach you exactly how to form good habits, break bad ones, and master the tiny behaviors that lead to remarkable results. If you’re having trouble changing your habits, the problem isn’t you. The problem is your system. Bad habits repeat themselves again and again not because you don’t want to change, but because you have the wrong system for change. You do not rise to the level of your goals. You fall to the level of your systems. Here, you’ll get a proven system that can take you to new heights.
Click to Buy “The Defined Dish“and at the same time help Lynxotic and All Independent Local Bookstores
Alex Snodgrass of TheDefinedDish.com is the third author in the popular Whole30 Endorsed series. With gluten-free, dairy-free, and grain-free recipes that sound and look way too delicious to be healthy, this is a cookbook people can turn to after completing a Whole30, when they’re looking to reintroduce healthful ingredients like tortillas, yogurt, beans, and legumes. Recipes like Chipotle Chicken Tostadas with Pineapple Salsa or Black Pepper Chicken are easy enough to prepare even after a busy day at work. There are no esoteric ingredients in these recipes, but instead something to suit every taste, each dish clearly marked if it is Whole30 compliant, paleo, gluten-free, dairy-free, and more. Alex includes delicious variations, too, such as using lettuce wraps instead of taco shells, to ensure recipes can work for almost any diet. And for anyone looking to stick to their Whole30 for longer, at least sixty of the recipes are fully compliant.
Click to Buy “In the Flo” and at the same time help Lynxotic and All Independent Local Bookstores
The bestselling author of WomanCode presents a biohacking program for women, teaching them how to use their natural 28-day cycle to optimize their time, diet, fitness, work, and relationships.
Women have a important biological rhythm they experience every month that affects productivity, weight, sex drive, energy, and mood. It is essential to be aware of and take care of this rhythm, but it has been widely ignored by medical, nutrition and fitness research. So as women, we diet, we deprive, and we cram as much as possible into our day, striving to accomplish impossible to-do lists, and scheduling our lives based on a 24-hour time cycle, ignoring the intuitive time our bodies naturally keep: a monthly cycle with four hormonal phases that offer incredible advantages.
Click to Buy “Boundless” and at the same time help Lynxotic and All Independent Local Bookstores
What if the ability to look, feel, and perform at peak capacity wasn’t the stuff of lore but instead was within easy reach? Sure, some of us find ways to hit peak performance in one area or another–there are professional poker players, computer programmers, and race car drivers hunched over card games, keyboards, and steering wheels with optimized minds; UFC and NFL gladiators fighting for glory on television with optimized bodies; and monks and meditators roaming the planet with optimized spirits. But in a perfect world, you would be able to have it all: complete optimization of mind, body, and spirit.In Boundless, the New York Times bestselling author of Beyond Training and health and fitness leader Ben Greenfield offers a first-of-its-kind blueprint for total human optimization.
Click to Buy “The Keto Reset Diet“and at the same time help Lynxotic and All Independent Local Bookstores
Mark Sisson–author of the mega-bestseller The Primal Blueprint–unveils his groundbreaking ketogenic diet plan that resets your metabolism in 21 days so you can burn fat forever. Mounting scientific research is confirming that eating a ketogenic diet could represent one of the greatest nutritional breakthroughs of our time–and that it might be the healthiest and most effective weight loss strategy ever. Going “keto” by eating high fat, low-to-moderate protein and low-carb foods enables you to break free from the disastrous effects of carbohydrate dependency by resetting your metabolism and promoting metabolic flexibility–where your body learns to burns fat instead of sugar for energy, even when you go off plan.
Click to Buy “The Healing Self” and at the same time help Lynxotic and All Independent Local Bookstores
After collaborating on two major books featured as PBS specials, Super Brain and Super Genes, Chopra and Tanzi now tackle the issue of lifelong health and heightened immunity.We are the midst of a new revolution.
For over twenty-five years Deepak Chopra, M.D. and Rudolph E. Tanzi, Ph.D. have revolutionized medicine and how we understand our minds and our bodies–Chopra, the leading expert in the field of integrative medicine; Tanzi, the pioneering neuroscientist and discoverer of genes that cause Alzheimer’s Disease. After reaching millions of people around the world through their collaborations on the hugely successful Super Brain and Super Genes books and public television programs, the New York Times bestselling authors now present a groundbreaking, landmark work on the supreme importance of our immune system in relation to our lifelong health.
Click to Buy “The 10-Day Belly Slimdown” and at the same time help Lynxotic and All Independent Local Bookstores
“This isn’t another gimmicky diet–it’s a powerful eating strategy that will take your extra pounds off quickly, safely, and permanently.” –Mark Hyman, MD, Director, Cleveland Clinic Center for Functional Medicine, #1 New York Times bestselling author of Eat Fat Get Thin“The best gift you can give yourself is a slim, beautiful, healthy belly–and in this book, Dr. Kellyann, an expert I trust, tells you exactly how to get it.” –Mehmet Oz, M.D. The New York Times bestselling author of Dr. Kellyann’s Bone Broth Diet reveals her powerful belly-slimming plan that will help you lose up to 10 pounds in 10 days
Although a hit ‘The Bomber Mafia’ is less known than previous Gladwell bestsellers
With “Blink” (2007) and “The Tipping Point” as well as “Outliers” Malcolm Gladwell burst onto the scene with a new kind of popular non-fiction. Rather than being another single minded academic focused on a particular specific niche, it was in choosing what phenomena to study, and then taking his now patented unique approach, that he was able to excite and inspire the minds of millions of readers.
Drilling down into the exact aspects of his chosen topics to focus on just what made him choose them in the first place, and doing so with an excited air of adventure and discovery, Gladwell continues to delight, and for some, his entire body of work consists of one page-turner after another. Even his titles, like outliers and the tipping point, though in usage before, after he nailed them into more expansively defined concepts, were brought into more popular use and the widespread level of understanding to a whole new level.
Below we feature a broad selection, including his latest, for fan and the curious alike.
To make it easier they are featured front and center, below, along with descriptions, provided courtesy of the Bookshop (and the various publishers), and with some links for a variety of options of where to purchase.
The Bomber Mafia: A Dream, a Temptation, and the Longest Night of the Second World War
In The Bomber Mafia, Malcolm Gladwell weaves together the stories of a Dutch genius and his homemade computer, a band of brothers in central Alabama, a British psychopath, and pyromaniacal chemists at Harvard to examine one of the greatest moral challenges in modern American history. Most military thinkers in the years leading up to World War II saw the airplane as an afterthought. But a small band of idealistic strategists, the “Bomber Mafia,” asked: What if precision bombing could cripple the enemy and make war far less lethal?
In contrast, the bombing of Tokyo on the deadliest night of the war was the brainchild of General Curtis LeMay, whose brutal pragmatism and scorched-earth tactics in Japan cost thousands of civilian lives, but may have spared even more by averting a planned US invasion. In The Bomber Mafia, Gladwell asks, “Was it worth it?” Things might have gone differently had LeMay’s predecessor, General Haywood Hansell, remained in charge.
Hansell believed in precision bombing, but when he and Curtis LeMay squared off for a leadership handover in the jungles of Guam, LeMay emerged victorious, leading to the darkest night of World War II. The Bomber Mafia is a riveting tale of persistence, innovation, and the incalculable wages of war.
Talking to Strangers: What We Should Know about the People We Don’t Know
How did Fidel Castro fool the CIA for a generation? Why did Neville Chamberlain think he could trust Adolf Hitler? Why are campus sexual assaults on the rise? Do television sitcoms teach us something about the way we relate to one another that isn’t true? Talking to Strangers is a classically Gladwellian intellectual adventure, a challenging and controversial excursion through history, psychology, and scandals taken straight from the news.
He revisits the deceptions of Bernie Madoff, the trial of Amanda Knox, the suicide of Sylvia Plath, the Jerry Sandusky pedophilia scandal at Penn State University, and the death of Sandra Bland–throwing our understanding of these and other stories into doubt. Something is very wrong, Gladwell argues, with the tools and strategies we use to make sense of people we don’t know.
And because we don’t know how to talk to strangers, we are inviting conflict and misunderstanding in ways that have a profound effect on our lives and our world. In his first book since his #1 bestseller David and Goliath, Malcolm Gladwell has written a gripping guidebook for troubled times.
David and Goliath: Underdogs, Misfits, and the Art of Battling Giants
Three thousand years ago on a battlefield in ancient Palestine, a shepherd boy felled a mighty warrior with nothing more than a stone and a sling, and ever since then the names of David and Goliath have stood for battles between underdogs and giants. David’s victory was improbable and miraculous. He shouldn’t have won.
Or should he have? In David and Goliath, Malcolm Gladwellchallenges how we think about obstacles and disadvantages, offering a new interpretation of what it means to be discriminated against, or cope with a disability, or lose a parent, or attend a mediocre school, or suffer from any number of other apparent setbacks.
Gladwell begins with the real story of what happened between the giant and the shepherd boy those many years ago. From there, David and Goliath examines Northern Ireland’s Troubles, the minds of cancer researchers and civil rights leaders, murder and the high costs of revenge, and the dynamics of successful and unsuccessful classrooms—all to demonstrate how much of what is beautiful and important in the world arises from what looks like suffering and adversity.
In this stunning book, Malcolm Gladwell takes us on an intellectual journey through the world of “outliers”–the best and the brightest, the most famous and the most successful. He asks the question: what makes high-achievers different?
His answer is that we pay too much attention to what successful people are like, and too little attention to where they are from: that is, their culture, their family, their generation, and the idiosyncratic experiences of their upbringing.
Along the way he explains the secrets of software billionaires, what it takes to be a great soccer player, why Asians are good at math, and what made the Beatles the greatest rock band. Brilliant and entertaining, Outliers is a landmark work that will simultaneously delight and illuminate.
The Tipping Point: How Little Things Can Make a Big Difference
The tipping point is that magic moment when an idea, trend, or social behavior crosses a threshold, tips, and spreads like wildfire.
Just as a single sick person can start an epidemic of the flu, so too can a small but precisely targeted push cause a fashion trend, the popularity of a new product, or a drop in the crime rate.
This widely acclaimed bestseller, in which Malcolm Gladwell explores and brilliantly illuminates the tipping point phenomenon, is already changing the way people throughout the world think about selling products and disseminating ideas.
A unique talent for choosing and presenting exactly the theme and subject of the moment, and for posterity
Above:Photo from ‘The Big Short’ courtesy of Paramount
Very few authors have the intense feeling for the “zeitgeist” that Michael has shown throughout his long career. The ability to capture the spirit of the times so well is also possibly the reason why so many of his books have been snapped up and made into successful films. Examples are “The Big Short” (Christian Bale), “Moneyball” (Brad Pitt), “The Blind Side” (Sandra Bullock), all three of these also received Best Picture Oscar nominations.
While perhaps not an author to be remembered as a high literary genius such as James Joyce or William Shakespeare, the body of work, as a chronicle of modern times seen through the lens of his minds eye is, nevertheless, substantive and engaging. While “The Big Short”, both the book and subsequent film, capture with amazing clarity a confusing period that has been in many ways glossed over, even willfully, by those that were partially responsible but never held to account.
Though it remains to be seen how the future will look back on the 2020 novel coronavirus era, “Premonition” has, once more, the same potential to become one, potentially definitive portrait, of the crisis and it’s emergence into a full blown worldwide pandemic.
Now, soon, “The Premonition” is set to be produced by Amy Pascal for Pascal Pictures, with Rachel O’Connor. Directors are slated to be Phil Lord and Chris Miller who are mostly known for lighter fare.
To make it easier a great selection of Michael Lewis’ books are featured front and center, below, along with descriptions, provided courtesy of the Bookshop (and the various publishers), and with some links for a variety of options of where to purchase.
Fortunately, we are still a nation of skeptics. Fortunately, there are those among us who study pandemics and are willing to look unflinchingly at worst-case scenarios. Michael Lewis’s taut and brilliant nonfiction thriller pits a band of medical visionaries against the wall of ignorance that was the official response of the Trump administration to the outbreak of COVID-19.
The characters you will meet in these pages are as fascinating as they are unexpected. A thirteen-year-old girl’s science project on transmission of an airborne pathogen develops into a very grown-up model of disease control.
A local public-health officer uses her worm’s-eye view to see what the CDC misses, and reveals great truths about American society.
A secret team of dissenting doctors, nicknamed the Wolverines, has everything necessary to fight the pandemic: brilliant backgrounds, world-class labs, prior experience with the pandemic scares of bird flu and swine flu…everything, that is, except official permission to implement their work.
Michael Lewis is not shy about calling these people heroes for their refusal to follow directives that they know to be based on misinformation and bad science. Even the internet, as crucial as it is to their exchange of ideas, poses a risk to them. They never know for sure who else might be listening in.
The real story of the crash began in bizarre feeder markets where the sun doesn’t shine and the SEC doesn’t dare, or bother, to tread: the bond and real estate derivative markets where geeks invent impenetrable securities to profit from the misery of lower- and middle-class Americans who can’t pay their debts.
The smart people who understood what was or might be happening were paralyzed by hope and fear; in any case, they weren’t talking.
Michael Lewis creates a fresh, character-driven narrative brimming with indignation and dark humor, a fitting sequel to his #1 bestseller Liar’s Poker.
Out of a handful of unlikely-really unlikely-heroes, Lewis fashions a story as compelling and unusual as any of his earlier bestsellers, proving yet again that he is the finest and funniest chronicler of our time.
Michael Lewis was fresh out of Princeton and the London School of Economics when he landed a job at Salomon Brothers, one of Wall Street’s premier investment firms.
During the next three years, Lewis rose from callow trainee to bond salesman, raking in millions for the firm and cashing in on a modern-day gold rush. Liar’s Poker is the culmination of those heady, frenzied years–a behind-the-scenes look at a unique and turbulent time in American business.
From the frat-boy camaraderie of the forty-first-floor trading room to the killer instinct that made ambitious young men gamble everything on a high-stakes game of bluffing and deception, here is Michael Lewis’s knowing and hilarious insider’s account of an unprecedented era of greed, gluttony, and outrageous fortune.
Moneyball is a quest for the secret of success in baseball.
In a narrative full of fabulous characters and brilliant excursions into the unexpected, Michael Lewis follows the low-budget Oakland A’s, visionary general manager Billy Beane, and the strange brotherhood of amateur baseball theorists. They are all in search of new baseball knowledge–insights that will give the little guy who is willing to discard old wisdom the edge over big money. Also made into a hit movie starring Brad Pitt, Moneyball is a book that exposes human nature, and how it can suddenly be overcome when unique perspectives lead to innovative choices.
When we first meet him, Michael Oher is one of thirteen children by a mother addicted to crack; he does not know his real name, his father, his birthday, or how to read or write.
He takes up football, and school, after a rich, white, Evangelical family plucks him from the streets. Then two great forces alter Oher: the family’s love and the evolution of professional football itself into a game where the quarterback must be protected at any cost.
Our protagonist becomes the priceless package of size, speed, and agility necessary to guard the quarterback’s greatest vulnerability, his blind side.
In Michael Lewis’s game-changing bestseller, a small group of Wall Street iconoclasts realize that the U.S. stock market has been rigged for the benefit of insiders.
They band together–some of them walking away from seven-figure salaries–to investigate, expose, and reform the insidious new ways that Wall Street generates profits. If you have any contact with the market, even a retirement account, this story is happening to you. Billions have been spent by Wall Street firms and stock exchanges to gain the advantage of a millisecond. “Is it a scam?” 60 Minutes correspondent Steve Kroft asks during his interview with the author, It’s bigger than a scam, Lewis says.
Lewis further explains how ordinary investors are affected and argues that high-frequency traders have created instability in the stock market — for everyone. A reoccurring metaphor Lewis uses in his book “Flash Boys” is one of “prey and predators.” According to Lewis, the prey is “anybody who’s actually an investor in the stock market.”
Michael Lewis’s brilliant narrative of the Trump administration’s botched presidential transition takes us into the engine rooms of a government under attack by its leaders through willful ignorance and greed.
The government manages a vast array of critical services that keep us safe and underpin our lives from ensuring the safety of our food and drugs and predicting extreme weather events to tracking and locating black market uranium before the terrorists do. The Fifth Risk masterfully and vividly unspools the consequences if the people given control over our government have no idea how it works.
Forty years ago, Israeli psychologists Daniel Kahneman and Amos Tversky wrote a series of breathtakingly original papers that invented the field of behavioral economics.
One of the greatest partnerships in the history of science, Kahneman and Tversky’s extraordinary friendship incited a revolution in Big Data studies, advanced evidence-based medicine, led to a new approach to government regulation, and made much of Michael Lewis’s own work possible. In The Undoing Project, Lewis shows how their Nobel Prize-winning theory of the mind altered our perception of reality.
So much is going on in the area of Crypto-currencies, Blockchain, Alt Coins, and Decentralized Finance (DeFi) that it can make your head spin. And that is not to even mention Crypto Mining, Farming, Baking and Trading, all of which have had skyrocketing activity recently.
How much interest there is runs the gamut from the curious onlooker to the serious professional. And then there are predictions regarding the future of the world financial system, the political and legal ramifications of the rise of crypto and all the opinions going every which way, and more.
Based on all of the above it only makes sense to put together a list of fundamental ground floor guidebooks to help anyone who wants and needs to really understand what all the fuss is about. Bitcoin and the whole area of blockchain technology has come so far already, and is so established and entrenched that it is unlikely to disappear completely anytime soon, no matter which way the political winds may blow.
So if you are a beginner an intermediate or even advanced learner that wants to know more, these are the best books to really dig into the phenomena and explosion of information and viewpoints. To make it easier they are featured front and center, below, along with descriptions, provided courtesy of the Bookshop (and the various publishers), and with some links for a variety of options of where to purchase.
Mastering Blockchain – Third Edition: A deep dive into distributed ledgers, consensus protocols, smart contracts, DApps, cryptocurrencies
Blockchain technology is the backbone of cryptocurrencies, and it has applications in finance, government, media, and many other industries. With a legacy of providing technologists with executable insights, the third edition of Mastering Blockchain is thoroughly revised and updated with the latest blockchain research, including four new chapters on consensus algorithms, Serenity (Ethereum 2.0), tokenization, and enterprise blockchains.
Apart from covering the basics, including blockchain’s technical underpinnings, cryptography, and consensus protocols, this book provides you with expert knowledge on decentralization, decentralized application development on Ethereum, Bitcoin, alternative coins, smart contracts, alternative blockchains, and Hyperledger.
Furthermore, you will explore how to implement blockchain solutions beyond cryptocurrencies, such as the Internet of Things with blockchain, blockchain scalability, enterprise blockchains, and tokenization using blockchain, and the future scope of this fascinating and disruptive technology.
By the end of this book, you will have gained a thorough understanding of the various facets of blockchain technology and be comfortable applying them to diverse real-world scenarios.
Updated with four new chapters on consensus algorithms, Ethereum 2.0, tokenization, and enterprise blockchains
Dive deep into foundational pillars of blockchain technology such as decentralization, cryptography, and consensus protocols
Get to grips with Solidity, Web3, cryptocurrencies, smart contract development and solve scalability, security, and privacy issues
Discover the architecture of different distributed ledger platforms including Ethereum, Bitcoin, Hyperledger Fabric, Hyperledger Sawtooth, Corda, and Quorum
Cryptocurrency, Bitcoin, Blockchain Technology& Altcoins For Beginners: Explore The Decentralized World, Investing in Crypto Blueprint, Mining Basics+
Do you want to understand what Bitcoin & Cryptocurrency actually is? Do you want to understand how it could change the world & finance industry FOREVER? Do you want to discover how you can get started investing in Crypto TODAY?
By now we’ve all heard of it, yet few of us understand it, and without understanding it how could you even dream of investing in it?
You hear all the tech ‘bros’ talking about it, you hear the media slandering it, you can see the bankers are scared by it’s potential, but you still don’t quite get the fuss.
Don’t worry, we’ve all been there.
But, luckily, this book has been written for people just like you.
The purpose of it is to demystify the world of Bitcoin, Cryptocurrency, Decentralization & The Blockchain.
And, if those 4 words currently sound like a foreign language to you, you’re not alone. But, after this book, you’ll be the one explaining about the ‘Crypto Craze’ to everyone you see!
Inside, we will go over the origins & history of Bitcoin, it’s potential to change the world, as well as how it could all go wrong.
And, of course, we will go over how you can invest in potentially the greatest wealth transfer the world has ever seen.
Here’s a tiny Example of what’s inside..
Exactly What Bitcoin Actually Is And How It Is Drastically Disrupting The Global Economy
Everything You Need To Know About The ‘Bitcoin Halving’ Cycles & How To Maximize Your Gains From Them
What Is A ‘Blockchain’ And How It Could Quite Literally Revolutionize EVERY Aspect Of Your Life In The Coming Decades
What Are ‘Altcoins’ And How They Are Different To Bitcoin & What Their Purpose In All Of This Is…
Why We Are Still In The VERY Early Days Of The Crypto ‘Boom’
And SO Much More!
So, If You Want To FINALLY Understand The World Of Bitcoin & Cryptocurrency So You Can Actually Understand What All The Fuss Is About And Whether You Want To Get Involved, Then Scroll Up And Click
From preeminent math personality and author of The Joy of x, a brilliant and endlessly appealing explanation of calculus–how it works and why it makes our lives immeasurably better.
Without calculus, we wouldn’t have cell phones, TV, GPS, or ultrasound. We wouldn’t have unraveled DNA or discovered Neptune or figured out how to put 5,000 songs in your pocket.
Though many of us were scared away from this essential, engrossing subject in high school and college, Steven Strogatz’s brilliantly creative, down-to-earth history shows that calculus is not about complexity; it’s about simplicity. It harnesses an unreal number–infinity–to tackle real-world problems, breaking them down into easier ones and then reassembling the answers into solutions that feel miraculous.
Infinite Powers recounts how calculus tantalized and thrilled its inventors, starting with its first glimmers in ancient Greece and bringing us right up to the discovery of gravitational waves (a phenomenon predicted by calculus). Strogatz reveals how this form of math rose to the challenges of each age: how to determine the area of a circle with only sand and a stick; how to explain why Mars goes “backwards” sometimes; how to make electricity with magnets; how to ensure your rocket doesn’t miss the moon; how to turn the tide in the fight against AIDS.
As Strogatz proves, calculus is truly the language of the universe. By unveiling the principles of that language, Infinite Powers makes us marvel at the world anew.
The Bitcoin Standard: The Decentralized Alternative to Central Banking
When a pseudonymous programmer introduced “a new electronic cash system that’s fully peer-to-peer, with no trusted third party” to a small online mailing list in 2008, very few paid attention. Ten years later, and against all odds, this upstart autonomous decentralized software offers an unstoppable and globally-accessible hard money alternative to modern central banks. The Bitcoin Standard analyzes the historical context to the rise of Bitcoin, the economic properties that have allowed it to grow quickly, and its likely economic, political, and social implications.
While Bitcoin is a new invention of the digital age, the problem it purports to solve is as old as human society itself: transferring value across time and space. Ammous takes the reader on an engaging journey through the history of technologies performing the functions of money, from primitive systems of trading limestones and seashells, to metals, coins, the gold standard, and modern government debt. Exploring what gave these technologies their monetary role, and how most lost it, provides the reader with a good idea of what makes for sound money, and sets the stage for an economic discussion of its consequences for individual and societal future-orientation, capital accumulation, trade, peace, culture, and art. Compellingly, Ammous shows that it is no coincidence that the loftiest achievements of humanity have come in societies enjoying the benefits of sound monetary regimes, nor is it coincidental that monetary collapse has usually accompanied civilizational collapse.
With this background in place, the book moves on to explain the operation of Bitcoin in a functional and intuitive way. Bitcoin is a decentralized, distributed piece of software that converts electricity and processing power into indisputably accurate records, thus allowing its users to utilize the Internet to perform the traditional functions of money without having to rely on, or trust, any authorities or infrastructure in the physical world. Bitcoin is thus best understood as the first successfully implemented form of digital cash and digital hard money. With an automated and perfectly predictable monetary policy, and the ability to perform final settlement of large sums across the world in a matter of minutes, Bitcoin’s real competitive edge might just be as a store of value and network for final settlement of large payments–a digital form of gold with a built-in settlement infrastructure.
Ammous’ firm grasp of the technological possibilities as well as the historical realities of monetary evolution provides for a fascinating exploration of the ramifications of voluntary free market money. As it challenges the most sacred of government monopolies, Bitcoin shifts the pendulum of sovereignty away from governments in favor of individuals, offering us the tantalizing possibility of a world where money is fully extricated from politics and unrestrained by borders.
Above: photo from “Lost Cause” – photo credit: BillieEilish.com
Music Video Vignettes Combined into Prime Day Promotion
Amazon prime is a way for the company to combine and bundle features for a yearly subscription fee. Every year, in addition to the usual subsidized shipping, prime video and the rest, there is Prime Day, which is now upon us. This year that also includes “Prime Day Show” which is a “free” offering for Prime members, basically 30 minute music video vignettes by Billie Eilish, H.E.R. and Kid Cudi.
The long form multi song productions are enjoyable enough, however, it is also true that music videos are a form of free advertising for the artists and songs that they feature. So, in this case that makes this a kind of subsidized collaboration between the artists (presumably paid to have the Amazon moniker associated with their music) and the company.
None of this makes it less enjoyable, of course, but it is interesting how it is not live (nothing like the huge live concerts put on by AliBaba and Tao Bao for “Singles Day” in China, but rather a pre-recorded, fairly standard, traditional, music video style production).
As the shopping kicks off in Ernest later, at one minute after midnight on June 21st, this show could be a way to relax ahead of the shopping frenzy.
The first episode contains several songs by H.E.R., interspersed with short drama interludes and featuring celebrity cameos. All set at Los Angeles’ Dunbar Hotel, known in the 1930s and 1940s as the hub of the city’s Black culture, and the lavish production and assist from acting talent makes for a showcase of songs from her new album, “Back of My Mind”.
Next, in the second episode Kid Cudi goes with an outer Space theme and, similarly, has scenes linking the production extravaganzas built for each song. This is all appropriate since he is presenting songs from his album “Man on the Moon III”.
A second space connection comes from the participation in collaboration from the International Space Orchestra, who happen to be the world’s first orchestra entirely consisting of space scientists from the NASA Ames Research Center, the SETI Institute and the International Space University.
The closing act, of course, is Billie Eilish, and the city of Paris (or at least a studio set of it) is the conceptual backdrop used to elevate what are otherwise live performances for the purpose of creating a video, sans audiences. The first song is set in a romantic hotel room set and features the song “My Future” as well as “Lost Cause”, “Therefore I Am” and “My Power”. As a whole the set is very “jazzy” and has an intimate feel that appears to be a project rendition original version take.
All in all, while there is respectable and well produced performances and visual enhancements, at the same time there is a lack of any event style excitement or sense of a musical live performance (which is not the point, admittedly).
Perhaps the three episodes can best be seen as a kind of chestnut to show fans of the artists that “Prime” is giving back and that the bundling extends beyond free shipping, prime video, prime music, other perks and deals and into another area, event bases collaborations for the sake of commerce.
Not only are thousands of physical products on sale for Prime Day, starting tonight at midnight, but virtual deals, such as films and shows are getting big promotional discounts also. The streaming deals are already live, so if you are inclined to watch while it’s still weekend prime time, a large assortment is available.
Some examples of films currently deeply discounted to view:
Titles that are normally priced higher for rental viewing or purchase are set for a limited time to $.99, $1.99 or $2.99 depending on the title. Naturally the newer and “hotter” the choice the less likely that it is at $.99 cents, but on the other hand, we all have different taste and perhaps you can find a film or show that you have been wanting to see but did not want to pay a higher price to watch.
For some reason, documentary films such as “Chasing Madoff” or “Good Trouble“, the excellent documentary on John Lewis, which is part of a Juneteenth special promotion, tend to show up at the rock bottom price. So perhaps, taking advantage of the promotion as a way to educate and enlighten oneself might be more economical than jumping in to the top hits and most current feature films.
If you do shop around, hovering or clicking on the deals designated with a “$” in the upper left hand corner, you will find at least a few titles here and there at the low $.99 cent watch price. Much more common are $1.99, $2.99 and even $3.99, which is a discount but does not feel like a huge one.
Also, since newer popular titles are normally priced much higher, up to $5.99 and sometimes more, even the $2.99 special price represents a bargain opportunity.
An example of a recently released, high quality film is “The Courier” which is currently available to watch for $2.99 (normally $5.99)
Above:Promotional Photo for “The Courier” courtesy of Lionsgate
An invitation to save on streaming current hot films and shows, plus $.99 teaser rates for subscriptions
Not only are thousands of physical products on sale for Prime Day, starting tonight at midnight, but virtual deals, such as films and shows are getting big promotional discounts also. The streaming deals are already live, so if you are inclined to watch while it’s still weekend prime time, a large assortment is available.
Some examples of films currently deeply discounted to view:
Titles that are normally priced higher for rental viewing or purchase are set for a limited time to $.99, $1.99 or $2.99 depending on the title. Naturally the newer and “hotter” the choice the less likely that it is at $.99 cents, but on the other hand, we all have different taste and perhaps you can find a film or show that you have been wanting to see but did not want to pay a higher price to watch.
For some reason, documentary films such as “Chasing Madoff” or “Good Trouble“, the excellent documentary on John Lewis, which is part of a Juneteenth special promotion, tend to show up at the rock bottom price. So perhaps, taking advantage of the promotion as a way to educate and enlighten oneself might be more economical than jumping in to the top hits and most current feature films.
If you do shop around, hovering or clicking on the deals designated with a “$” in the upper left hand corner, you will find at least a few titles here and there at the low $.99 cent watch price. Much more common are $1.99, $2.99 and even $3.99, which is a discount but does not feel like a huge one.
Also, since newer popular titles are normally priced much higher, up to $5.99 and sometimes more, even the $2.99 special price represents a bargain opportunity.
An example of a recently released, high quality film is “The Courier” which is currently available to watch for $2.99 (normally $5.99)
![iPadOS 15 Preview: [Part 2] Deep Dive - AI and Machine Learning that will Blow You Away](https://i.ytimg.com/vi/XrU6cNxC1rM/hqdefault.jpg)
