2024-03-27 07:41:41
On Tech Debt: My Rust Library is now a CDO
http://lucumr.pocoo.org/2024/3/26/rust-cdo
On Tech Debt: My Rust Library is now a CDO
http://lucumr.pocoo.org/2024/3/26/rust-cdo
Australia Institute: In 2005-06 the avge #HECS debt for people in their 20s was $12,557.
Inflation since then has risen 57%, but the avge debt has gone up 145%.
That's $11,200 of extra debt now compared to then - & it will only get worse.
Sources: two SEC lawyers resigned after a US federal judge sanctioned and sharply rebuked the SEC for "gross abuse" of power in crypto platform DEBT Box's case (Austin Weinstein/Bloomberg)
https://www.bloomberg.com/n…
I just opened a ticket for myself to retire 6 year old tech debt with hefty personal baggage. I did not actually phrase it that way. Someone else might notice.
#Sysadminnery
I doubt their claim that it will be removed.
https://www.cbc.ca/news/canada/ottawa/city-of-ottawa-parking-ticket-debt-owed-collection-credit-score-1.7152329
President Biden Cancels Student Debt for more than 150,000 Student Loan Borrowers
#BidenHarris4More
https://thedemlabs.org/2024/02/23/bide
Forgiving medical debt after it is sent to collections has fewer benefits – study
“If you’re intervening only after the debt has been sent to collections or after the hospital has been collecting on it for a year, there’s very little benefit,” said Kluender.
The findings are likely to disappoint legislative leaders. At least 15 states and local jurisdictions have worked with "RIP Medical Debt" to relieve debts for their constituents.
Many, such as Arizona and Con…
Joe Biden Jokes About Donald Trump's Debt Problems: 'I Can't Help You' (James Bickerton/Newsweek)
https://www.newsweek.com/joe-biden-jokes-donald-trump-debt-problems-new-york-civil-fraud-case-1881664
http://www.memeorandum.com/240322/p1#a240322p1
Man I'm really feeling how broken our medical system is today.
A friend has stage 4 pancreatic cancer, because stuff hurt but she was too poor (and had too much prior medical debt from being poor to feel like she had access to care)
My sibling in law has a canker sore that's probably infected. But urgent care was over capacity (so they just put a sign on the front desk saying closed), and all the other urgent cares in the area were closed. At 6pm.
#Meta losses from its namesake #Metaverse operations over the past few years accumulate to the debt of a small nation state.
Their vision is to not only mentally and socially lock us in to their platforms, but extend that to some kind of physical wall, a real walled garden.
(Given that,…
I believe this could lead to #92.
Watchdog group sues Trump over mystery $50M loan
https://lawandcrime.com/high-profile/the-loan-appears-to-have-never-existed-watchdog-…
"‘End crippling debt’: Calls mount for global financial reform to tackle debt and climate crisis"
#Finance #Climate #ClimateChange
#Parody #NYTimesPitchbot
Via New York Times Pitchbot @DougJBalloon
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56m
Whether it's Joe Biden canceling $6 billion in student debt or Donald Trump looking for donors to cancel $500 million of his own debt, both candidates have taken provocative stances on th…
Bengaluru-based smart ring maker Ultrahuman raised a $35M Series B, with $25M in equity and the rest in debt, from Blume, Steadview Capital, Nexus, and others (Natasha Lomas/TechCrunch)
https://techcrunch.com/2024/03/20/ultrahuman-series-b/
The staggering civil fraud judgment against Donald Trump was finalized in New York on Friday, making official a verdict that leaves the former president on the hook for more than $454 million in fines and interest.
The procedural step by the New York county clerk starts the clock on Trump’s appeals process, while allowing the debt to begin racking up post-judgment interest of nearly $112,000 each day.
In his Feb. 16 ruling, Judge Arthur Engoron ruled that Trump lied for years abo…
The Brutality of #Sugar: #Debt, #ChildMarriage and #Hysterectomies:
Former Alabama gov, nonprofit partner to abolish medical debt in Black Belt region | The Hill
https://thehill.com/homenews/4453778-former-alabama-gov-nonprofit-partner-to-abolish-medical-debt-in-black-belt-reg…
On economists & anthropologists:
"#Graeber specialized in theories of value: his Debt: the first 5,000 years provides a much-needed long-term history of money. Debt is exactly the kind of book contemporary economists are incapable of writing, because it requires viewing their paradigm as the product of its own time and ideology, instead of considering it as a natural law."
Did some budgeting tonight with @… and I am realising the gravity of my debt that still looms over me.
If anyone has the ability to help me pay off some debt, I would be incredibly grateful.
#MutualAid
Filing: a US court gives Audacy, the second-largest radio broadcaster in the US, approval to exit bankruptcy, slashing ~$1.7B of its debt in a restructuring (Amelia Pollard/Bloomberg)
https://www.bloomberg.com/news/articles/20
Paraphrased from The Independent.
President Joe Biden joked about his 2024 election opponent’s outsized legal troubles when he invoked Donald Trump’s financial problems at a rally.
Biden told attendees at the campaign event that a person had approached him to talk.
“Just the other day this defeated looking man came up to me and said: ‘Mr. President I need your help. I’m in crushing debt. I’m completely wiped out,’” he said.
I told him, “Donald, I’m sorry. I can’t hel…
"Up to $400 million in #medicaldebt held by Pennsylvanians would be cleared under Gov. Josh Shapiro's new budget proposal, with relief targeted at the state’s poorest and most underwater residents"... at a cost of just $4 million to the state.
#healthcare
"Republican #GOP parties in half the battleground states are awash in dysfunction, debt, and disarray. There is no one explanation." Uhh, yes there is : #DonaldTrump.
78,000 more public workers are getting student loans canceled through Biden administration changes (Collin Binkley/Associated Press)
https://apnews.com/article/student-loan-cancellation-debt-forgiveness-public-service-d711e00aa4655745bccdff8a5a2625e6
http://www.memeorandum.com/240321/p80#a240321p80
The Biden administration will cancel $7.4bn in student debt for 277,000 borrowers, the White House said on Friday, the latest in a series of debt cancellations.
Joe Biden announced plans on Monday to ease student debt that would benefit at least 23 million Americans, addressing a key issue for young voters whose support he needs as he seeks re-election in November.
Those plans include canceling up to $20,000 of accrued and capitalized interest for borrowers, regardless of income, …
This https://arxiv.org/abs/2206.01840 has been replaced.
link: https://scholar.google.com/scholar?q=a
An interview with Embracer Group CEO Lars Wingefors on criticism over mass layoffs and studio closures, splitting the company into three, rising debt, and more (James Batchelor/GamesIndustry.biz)
https://www.gamesindustry.biz/embracer-ceo
The Truss crisis has no relevance for Labour borrowing to invest.
https://mainlymacro.blogspot.com/2024/02/detoxifying-government-debt-part-3.html?m=1
Former Alabama gov, nonprofit partner to abolish medical debt in Black Belt region | The Hill
https://thehill.com/homenews/4453778-former-alabama-gov-nonprofit-partner-to-abolish-medical-debt-in-black-belt-reg…
SATDAUG -- A Balanced and Augmented Dataset for Detecting Self-Admitted Technical Debt
Edi Sutoyo, Andrea Capiluppi
https://arxiv.org/abs/2403.07690 https:…
This!
I noticed a job listing the other day that required a Batchelor's degree for a 25k entry level position.
https://hachyderm.io/@intelgraphy/112119199003095145
🔪 $50K per year for a degree in a low-wage industry − is culinary school worth it?
https://theconversation.com/50k-per-year-for-a-degree-in-a-low-wage-industry-is-culinary-school-worth-it-222691
This might be the most epic political protest I've ever seen!
https://reason.com/2024/04/05/meet-literally-anybody-else-the-presidential-candidate-that-2024-demands/
Who’s getting paid to block Student Debt Relief? Follow the money!
https://thedemlabs.org/2024/04/10/whos-getting-paid-to-block-student-debt-relief-follow-the-money/
Did some budgeting tonight with @… and I am realising the gravity of my debt that still looms over me.
If anyone has the ability to help me pay off some debt, I would be incredibly grateful.
#MutualAid
@… wait do they get all of my debt too??
Just explaining to our dev team that it's okay that we talk about a lot of technical debt and not to be disheartened by it. We will always recognise technical debt because we are always growing our skills.
The moment we don't see any, it's because we have stopped growing...
ACC, backed by Stellantis, Mercedes, and Total, announces the closing of a €4.4 billion debt raising, increasing the funding for the construction of three gigafactories for lithium-ion battery cell production in France, Germany, and Italy, and for R&D. https://www.acc-emotion.com/node/2877…
By most metrics, the American economy is doing well. But the perception of the American economy is much weaker than its actual strength. This seems to finally slowly break up a bit, and people are realizing that things are actually not that bad.
Here's an article that tries to explain it: because of high interest rates, credit is expensive, including credit card debt, and if someone is buying a home now.
Step 1: Borrow 10 billion from the bank
Step 2: Buy the bank
Step 3: Delete your own debt
Step 4: Sell the bank
Why didn't Marx think of this :gigachad_animated:
'I'm confident': Alina Habba says she expects Trump's $464M debt will be dismissed - Raw Story
https://www.rawstory.com/alina-habba-2667542590/
You move 16 tons
What do you get,
Another day older
And deeper in debt
I have a plan to eradicate the national debt in one fell swoop, but we'll all have to say "No Whammy! No Whammy!" like we really mean it.
Hot take: any software that is deployed through Docker can avoid it, and in most cases, deploying software through Docker is purely a sign of unmitigated technical debt.
Or maybe it’s fine as it is. Plenty of people can fix old computers and just because it’s old doesn’t mean it’s bad or broken.
Btw, modern storage media like hard disks and SSD fail all the time and have a much shorter life expectancy than floppy disks.
https://mastodon.social/@arstechnica/1…
Still lacking a proper downtown #Toronto location after the catastrophic failure of “The One” at Yonge & Bloor
https://www.cbc.ca/news/business/toronto-c
Racial and ethnic gaps in #medical #debt exist nearly everywhere, data shows.
But Colorado’s divide
— on par with South Carolina’s, according to the Urban Institute data
— exists even though the state has some of the most extensive medical debt protections in the country.
The gap threatens to deepen l…
French IT group Atos has entered talks with its banks to refinance its debt, and says conditions for a planned €720M rights issue are "no longer applicable" (Bloomberg)
https://www.bloomberg.com/news/articles/20
An interview with The Times' Paul Morgan-Bentley on going undercover with British Gas debt collectors as part of an investigation into pre-payment energy meters (Clara Aberneithie/Press Gazette)
https://pressgazette.co.uk/publishers/
ransomware gangs are merely technical debt collectors. if you want to address the problem, eliminate the technical debt, not the collectors...
#ransomware #ban
I've been reading Ray Dailo's "Principles for dealing with the changing world order" in which he charts the rise and fall of empires and kingdoms and dynasties.
The main cycle, he reckons is:
1) Winner of a war consolidates power, unites the population (often through oppression)
2) A smart cooperative equitable educated society with meritocracy means good societal progress and wide sharing of the wealth.
3) Long period of peace, building good tech and military and financial systems.
4) Leadership corrupts: Excessive debt, money-printing, inequality, financial ruin, no sense of solidarity, then a natural disaster pushes it over the edge
5) The fall: Escalating rebellions, very bad inequality, internal conflicts
6) Civil war, revolution, eventually a strong leader proves the winner and back to 1.
We in the western civilization are very clearly in the late states of this kind of cycle, and it's frankly terrifying with the weapons we have these days when it comes to a war.
The leadership is too corrupt to try and fix the inequality or invest in that well educated, equitable, cooperative society.
He explicitly agrees with Marx and implicitly with me a lot more than I'd have expected from the rabid capitalist that Ray Dailo is.
It's interesting to hear his emphasis on inequality and how a prosperous society depends upon sharing the gains of prosperity widely. You tend to hear hyper-capitalists mostly emphasizing that capital's gains should go to capital, and Ray is certainly suggesting the opposite here. That if that happens, it corrupts the leadership and ends with cronyism and debt and revolution.
We seem to basically agree what creates good prosperous peaceful civil society, and that capitalism in the Anglican world isn't doing it, and that fucked up corrupt government is why we aren't doing it.
We'd offer fairly different prescriptions though I think.
#reading #books #economics
gotta catch up on house cleanup debt.
Towards identifying and minimizing customer-facing documentation debt
Lakmal Silva, Michael Unterkalmsteiner, Krzysztof Wnuk
https://arxiv.org/abs/2402.11048
Trump is suddenly in need of a lot of cash. That’s everyone’s problem - Vox
https://www.vox.com/24073920/trump-financial-new-york-trouble-fraud-e-jean-carroll-civil-suit-damages-debt
TRANSLATION :
Starting from today, Ukraine will start cutting off electricity to debtors😢
"We rank the debtors from the highest by the amount of debt. The second criterion is the depth of the debt - there are those who owe for one month, and this is not such a big problem, we communicate with th
Media : h…
This might be the most epic political protest I've ever seen!
https://reason.com/2024/04/05/meet-literally-anybody-else-the-presidential-candidate-that-2024-demands/
Trump is suddenly in need of a lot of cash. That's everyone's problem. (Abdallah Fayyad/Vox)
https://www.vox.com/24073920/trump-financial-new-york-trouble-fraud-e-jean-carroll-civil-suit-damages-debt
http://www.memeorandum.com/240216/p72#a240216p72
OMG ! Imagine the destruction of value!
(in an asset class that is intrinsically inhumane.) https://mastodon.social/@jentrification/112073255610703382
Used car marketplace Carvana, whose stock fell from $360 to $4, has now rallied to $86, avoiding a financial abyss after restructuring its $9B debt in 2023 (Sujeet Indap/Financial Times)
https://t.co/6A3cMCkqRv
YOU LOVE TO SEE IT: States Cancel Medical Debt
https://www.levernews.com/you-love-to-see-it-states-cancel-medical-debt/
California in a jam after borrowing billions to pay unemployment benefits
California’s massive budget deficit, coupled with the state’s relatively high level of joblessness, has become a major barrier to reducing the billions of dollars of debt it has incurred to pay unemployment benefits.
The surge in unemployment brought on by the COVID pandemic pushed the state’s unemployment insurance trust into insolvency.
And over the last year California’s joblessness has been on th…
Step 1: Borrow 10 billion from the bank
Step 2: Buy the bank
Step 3: Delete your own debt
Step 4: Sell the bank
Why didn't Marx think of this :gigachad_animated:
Saltwire Network, which owns 23 Atlantic Canada newspapers, files for creditor protection, citing debt of CA$94M and assets of ~CA$33M, as lender files a claim (Josh Hoffman/CBC News)
https://www.cbc.ca/news/canada/nova-scotia
Technical Debt Management: The Road Ahead for Successful Software Delivery
Paris Avgeriou, Ipek Ozkaya, Alexander Chatzigeorgiou, Marcus Ciolkowski, Neil A. Ernst, Ronald J. Koontz, Eltjo Poort, Forrest Shull
https://arxiv.org/abs/2403.06484
I have a plan to eradicate the national debt in one fell swoop, but we'll all have to say "No Whammy! No Whammy!" like we really mean it.
gotta catch up on house cleanup debt.
Saltwire Network, which owns 23 Atlantic Canada newspapers, files for creditor protection, citing debt of CA$94M and assets of ~CA$33M, as lender files a claim (Josh Hoffman/CBC News)
https://www.cbc.ca/news/canada/nova-scotia
Analysis: software and services companies have almost $30B of debt that's classed as distressed, the most in any industry apart from real estate (Reshmi Basu/Bloomberg)
https://www.bloomberg.com/news/articles/20
This https://arxiv.org/abs/2312.15020 has been replaced.
initial toot: https://mastoxiv.page/@arXiv_csSE_…
Biden Will Try Again to Wipe Out Student Loan Debt for Millions of Borrowers (Michael D. Shear/New York Times)
https://www.nytimes.com/2024/04/05/us/politics/biden-student-loan-debt.html
http://www.memeorandum.com/240405/p56#a240405p56
Connecticut’s landmark move cancels $1 billion in #medical #debt for residents. Will other states follow?
On Friday, Connecticut Governor Ned Lamont made a landmark announcement.
In an exclusive interview with Good Morning America, he said the state will cancel medical debt for residents who meet certain finan…
France begins work on "a national solution" to protect IT giant Atos, which manages nuclear data and cybersecurity, after Airbus talks failed; ATO.PA drops 20% (Liz Alderman/New York Times)
https://www.nytimes.com/20…
Quantifying and Characterizing Clones of Self-Admitted Technical Debt in Build Systems
Tao Xiao, Zhili Zeng, Dong Wang, Hideaki Hata, Shane McIntosh, Kenichi Matsumoto
https://arxiv.org/abs/2402.08920
At most, a $500,000 fine money-wise, could be 5 years in the slammer, though...26 U.S. Code § 7201
Trump’s $50 Million Mystery Debt Looks Like ‘Tax Evasion’
https://www.thedailybeast.com/trumps-dollar50-million-mystery-debt-looks-li…
French shipping billionaire Rodolphe Saadé agrees to buy Patrick Drahi's Altice Media, including French news channel BFM TV, in a deal valued at €1.55B (Benoit Berthelot/Bloomberg)
https://www.bloomberg.com/news/articles/20
The United States was born in debt and swaddled in fiat currency.
Both in Congress and in the thirteen states, patriot officials funded their war for independence by printing endless reams of paper money,
which quickly depreciated in value,
and by borrowing vast sums from voluntary and involuntary creditors alike:
domestic elites, foreign merchants, European powers, Americans whose property was seized for the use of the army, and soldiers whose promised pay was persi…
The United States was born in debt and swaddled in fiat currency.
Both in Congress and in the thirteen states, patriot officials funded their war for independence by printing endless reams of paper money,
which quickly depreciated in value,
and by borrowing vast sums from voluntary and involuntary creditors alike:
domestic elites, foreign merchants, European powers, Americans whose property was seized for the use of the army, and soldiers whose promised pay was persi…
PE firm EQT AB agrees to acquire compliance software provider Avetta from Welsh, Carson, Anderson, & Stowe, sources say at a ~$3B valuation, including debt (Ryan Gould/Bloomberg)
https://www.bloomberg.com/news/articles/20
How voter suppression could hand the 2024 election to Donald Trump - Alternet.org
https://www.alternet.org/alternet-exclusives/how-voter-suppression-could-hand-the-2024-election-to-donald-trump/?anplus<…
An Exploratory Study of the Relationship between SATD and Other Software Development Activities
Shima Esfandiari, Ashkan Sami
https://arxiv.org/abs/2404.01950
Without debate, the New Hampshire House on Thursday rejected a proposed constitutional amendment that would require the state to proceed as a sovereign nation if the national debt reaches $40 trillion.
Also killed was a bill that would have created a committee to study the “economic, legal and sociological aspects of New Hampshire exerting its sovereign state rights.”
A comparable proposal calling for the state to secede failed two years ago by a similarly overwhelming margin. <…
PE firm EQT AB agrees to acquire compliance software provider Avetta from Welsh, Carson, Anderson, & Stowe, sources say at a ~$3B valuation, including debt (Ryan Gould/Bloomberg)
https://www.bloomberg.com/news/articles/20
Without debate, the New Hampshire House on Thursday rejected a proposed constitutional amendment that would require the state to proceed as a sovereign nation if the national debt reaches $40 trillion.
Also killed was a bill that would have created a committee to study the “economic, legal and sociological aspects of New Hampshire exerting its sovereign state rights.”
A comparable proposal calling for the state to secede failed two years ago by a similarly overwhelming margin. <…
Republican states file lawsuit challenging Biden's student loan repayment plan | AP News
https://apnews.com/article/student-loan-cancellation-debt-lawsuit-republicans-biden-b60d13539b2f2aef2869d56e63f33a3b
This https://arxiv.org/abs/2401.03653 has been replaced.
link: https://scholar.google.com/scholar?q=a
This https://arxiv.org/abs/2401.03653 has been replaced.
link: https://scholar.google.com/scholar?q=a
Sources: StubHub aims to go public by late summer but may call off the listing if it can't get close to the $16.5B valuation from a funding round in 2021 (Cory Weinberg/The Information)
https://www.theinformation.com/articles/stubhub-plan…
Sources: StubHub aims to go public by late summer but may call off the listing if it can't get close to the $16.5B valuation from a funding round in 2021 (Cory Weinberg/The Information)
https://www.theinformation.com/articles/stubhub-plan…
A look at the US venture debt landscape a year after SVB collapsed, as none of the new options have become as appealing as the "one-stop shop" SVB offered (Financial Times)
https://t.co/7qp4zEJ36U
This https://arxiv.org/abs/2104.06908 has been replaced.
link: https://scholar.google.com/scholar?q=a
Five months before Congress faced a near-catastrophic 2022 standoff over the debt ceiling,
with Republicans demanding restrictions to food and Medicaid programs to rein in spending,
a bill that raised the cost of private retirement savings accounts to $282 billion per year was quietly signed into law.
In this era of deeply divided politics, the 2022 bill known as "#Secure 2.0" wa…
Biden Administration Cancels $7.4 Billion More in Student Loans - The New York Times
https://www.nytimes.com/2024/04/12/us/politics/student-loan-forgiveness-biden.html
A Self-Absorbed America Means Disorder for the World
Whatever the next year holds, the world owes U.S. President Joe Biden a debt of gratitude for the past three. Against rather long odds, he has managed to hold back the chaos that has long been flooding into U.S. politics.
But the next year—and likely the years beyond—promises to be a maelstrom for U.S. foreign policy.
A Self-Absorbed America Means Disorder for the World
Whatever the next year holds, the world owes U.S. President Joe Biden a debt of gratitude for the past three. Against rather long odds, he has managed to hold back the chaos that has long been flooding into U.S. politics.
But the next year—and likely the years beyond—promises to be a maelstrom for U.S. foreign policy.