[ZH] The internet drives news cycles and touches practically every aspect of our lives—from communicating with friends and family to finding a job. The current crop of teens is unique from any previous generation in that they are immersed in a virtual world that can present very differently from reality. Many teens have become addicted to it.
A 2023 Statista survey found that U.S. teenagers spent an average of 4.8 hours on social media platforms every day, with girls spending an average of 5.3 hours compared to 4.4 hours for boys.
“Being as excessive and addictive screen use is routinely listed as one of parents’ biggest concerns for children, I think it’s overdue that we start educating children as early as possible about the dangers of unhealthy and mindless screen use,” Anthony Anzalone, a clinical psychologist at Stony Brook Medicine, told The Epoch Times. Yeah, yeah. And they put alar on apples to give you cancer. And we gotta worry about nuclear winterglobal warming climate change. And we're all gonna dissolve in acid rain.
Direct Translation via Google Translate. Edited. by Vladimir Sosnitsky
[RedStar] As is known, the idea of creating a parachute came to Leonardo da Vinci. Since then, people have dared to jump dozens of times with prototypes of parachutes - from cliffs, towers, and later - balloons. Continued on Page 49
#4
Andrew Grove was one of the greats. Joined Intel in 1968 when its revenue was about $3k and left as CEO 30 years later when its revenue was about $20 billion. Always could manage both the details and the strategy. Even the final years as CEO he continued to have, as his office, a standard 9' by 8' cubicle (although he was on the road a lot). He stayed on the board of directors for a few more years but eventually retired completely in 2004 or so.
Posted by: Lord Garth ||
08/06/2024 9:54 Comments ||
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#5
My view of the reasons for Intel's downfalling is not politically correct at all. Not even rantburg correct.
Direct Translation via Google Translate.
[REGNUM] The sudden collapse of the stock exchanges was probably sudden only for the managers of large corporations who live from one financial report to another.
The stock exchanges could not help but collapse - it is not normal when the market capitalization of individual Western IT companies exceeded the GDP of individual major economies in the world.
AI BUBBLE
The most striking example of a stock market bubble is the fate of Nvidia Corporation.
At the end of February 2024, Nvidia's capitalization exceeded $1.97 trillion, which at the time exceeded Russia's GDP, which was then $1.92 trillion.
At the same time, if Russia is a nuclear power, occupying 1/7 of the land with colossal reserves of raw materials, developed industry and 146 million inhabitants, then Nvidia is the world's leading manufacturer of graphic accelerators for household and industrial use, the value of whose shares has soared by more than 238% in a year against the backdrop of AI hysteria.
Nvidia's fiscal 2023 revenue is $27 billion, net income is $4.4 billion, and operating expenses increased by 50% to $11.1 billion.
For comparison: Russian exports in 2023 amounted to $425.1 billion (-28.3% compared to last year). Imports were $285.1 billion (+11% compared to last year). The difference between exports and imports was $140 billion.
At the same time, there have been and still are no breakthroughs in artificial intelligence.
The average person will certainly be pleased with the "smart" search, and the schoolchild will be pleased with the neural network that can increase the readability of texts, but this is not enough for a breakthrough - such technologies do not bring money to corporations. Money is brought in by business solutions, but with them everything is not so clear: the accounting service QuickBooks, which said that checks are issued in it by advanced AI, in fact used the services of the Filipinos, and driverless cars on the streets are an incredible rarity.
However, corporate managers were racing to implement AI technologies and build infrastructure for them, including data processing centers (DPCs).
The fundamental non-recoupment of these investments was obvious to everyone: a month ago, the media wrote about the calculations of David Kahn , an analyst at Sequoia Capital, that in order to compensate for the costs of infrastructure and data centers, AI companies will need to earn about $600 billion a year. It is simply impossible to earn that kind of money in this market now.
In general, the absurdity of the situation, when the capitalization of a corporation with revenues of 27 billion dollars is greater than the GDP of a country with a positive balance of over 140 billion dollars, was obvious to everyone except gamblers on the stock exchanges.
However, to understand this fact, you don’t even need to practice analytics and read financial reports - just look at the Nvidia capitalization chart since 1999. The curve began to soar right after the start of the coronavirus pandemic.
"IRON" PROBLEMS
There are no breakthroughs in the "iron" shop either.
Since the beginning of the year, the capitalization of Intel Corporation, the world's flagship in the production of central processors, has fallen by 59%, although at the local peak in March 2021, the corporation's paper was worth $60 - only $15 less than in 2000, when the dot-com crisis broke out .
By the way, at the time of writing this text, Intel shares have fallen to $19.85 per share, and this is clearly not the bottom from which the corporation will bounce off.
And Intel was sent to the bottom by its own managers: the company had a monopoly on the processor market for years, and its managers believed that it was forever. "Forever" ended in 2016, when a competitor in the person of AMD released processors on the Zen architecture, which turned out to be better than chips from Intel in every way. AMD then released chiplets - in processors, the company combined cores and microcircuits manufactured using different technological processes, and Taiwanese TSMC produced silicon for it. *Snip* IT GETS WORSE FROM HERE
The conclusions from this stock market crash are simple.
Firstly, it was predictable and inevitable — corporations had accumulated a lot of problems. Their managers became slaves to financial reports, whose task is to please shareholders with beautiful figures and pay generous dividends. And to do this, you need to avoid scandals and listen to marketers, not the eternally grumbling engineers.
The second problem is that the endless and free money that the US Federal Reserve has been pumping into the American economy since the start of the coronavirus has run out.
Secondly, the stock exchanges will continue to fall, and growth will begin only after reaching the bottom or starting the printing press again. Speculative capital must burn out.
Thirdly, the West has probably nothing left in its economic flagships except IT; other countries have learned to do everything else.
This process will have virtually no effect on Russia - after the start of the SVO, it was maximally disconnected from the global economy. But following the IT bubble, the real sector of the economy may also falter, which will lead to a decrease in demand for energy resources. In this case, Russia will get it too.
Posted by: Grom the Reflective ||
08/06/2024 11:02 ||
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#1
"When it comes to the money the government is siphoning off you through income taxes, most of it is literally going up in smoke.
The most recent Treasury data showed that as the federal government surpasses a record $35 trillion national debt, $1.1 trillion will be spent on interest payments alone this fiscal year.
According to reports: “Interest payments on the federal debt now account for 76% of all personal income taxes collected. This means that for every dollar Americans pay in income tax, about 76 cents go towards paying interest on the national debt.“
There is a huge astroturf going on in the midwest promoting the transfer of farm land into solar and wind farms. This guy has the same accent as those salesmen. Plus the I'm a Veteran non-sequitur.
#4
Old man living in a double wide out in the middle of nowhere knows how to and is making tiktoks with a camera optimized for tough lighting conditions (glasses are half-transitioned).
#5
How many elections in which one votes Democrat does it take before you are no longer considered a Republican? Speaking about the Neocons and Romney, not particularly the guy in the video who apparently never was a Republican.
#6
Video dude is trained; the tagline is political script, his dialogue is political script, his accent is that generic hollywood western, and his mannerism during the dialogue is that generic politician head nod and I think the camera shake is that hand nodding. Pretty nice make-up job. Reading a script is totally impractical in that set; in fact I think he is in a studio.
[Bee] U.S. — Experts predicted that today would go down as a historic day, as Kamala Harris became the first black woman to destroy the world economy.
The achievement was the first of its kind, with members of the media and prominent political leaders all hailing it as an impressive step forward in the pursuit of equality and the advancement of women of color.
"It's a day for the history books, folks," said President Joe Biden. "Not only is Kamala the first... the first... black... the first black... president of the... president, but she is now the first black woman to completely wipe out the global economy. Old white guys like me have been doing it for years, but now she's breaking all the barriers. The idea... the idea... that a colored broad from... Jamaica... India... wherever the place... it's big stuff, folks. I'm proud to have been serving as her vice president of Delaware for the last four years. And now, this November... harbinzifarginator."
Harris's presidential campaign released a statement from the vice president on the achievement: "It is a great honor to be honored," Harris said. "To be the first anything to do anything is something. And by doing something, something is done. The word ’something' means ’some' and ’thing,' which is what I have now done. And that is something."
At publishing time, insiders said Harris, if elected, would likely look to continue leaving a path of destruction until she would go down in history books as the first and only woman of color to preside over the end of human civilization.
Posted by: Frank G ||
08/06/2024 00:00 ||
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#1
BLACK ?????
My Caribbean/Taíno Indian wife is darker than her.
[IsraelNationalNews] A new, readable book on Psyop by Dr. Ron Schleifer and former GPO head Daniel Seaman tells the untold story of how journalists and editors abuse their professional standards to promote an anti-Israel narrative. Review.
Posted by: Grom the Reflective ||
08/06/2024 15:41 ||
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A multi-volume chronology and reference guide set detailing three years of the Mexican Drug War between 2010 and 2012.
Rantburg.com and borderlandbeat.com correspondent and author Chris Covert presents his first non-fiction work detailing
the drug and gang related violence in Mexico.
Chris gives us Mexican press dispatches of drug and gang war violence
over three years, presented in a multi volume set intended to chronicle the death, violence and mayhem which has
dominated Mexico for six years.
Rantburg was assembled from recycled algorithms in the United States of America. No
trees were destroyed in the production of this weblog. We did hurt some, though. Sorry.
[Bee] U.S. — Experts predicted that today would go down as a historic day, as Kamala Harris became the first black woman to destroy the world economy.
