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Private equity ghouls have a new way to steal from their investors: Continuation funds are a multi-billion-dollar blackmail racket.

https://mamot.fr/@pluralistic/110746448191786656

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Cory Doctorow

2023-07-20 12:38:12

#PrivateEquity is *quite* a racket. #PE managers pile up other peoples' money - pension funds, plutes, other pools of money - and then "invest" it (buying businesses, loading them with debt, cutting wages, lowering quality and setting traps for customers). For this, they get an annual fee - 2% - of the money they manage, and a bonus for any profits they make.

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Hey look at this

* GET #2600 ON YOUR KINDLE https://www.2600.com/content/get-2600-your-kindle

* New York’s Driver-Owned Ride-Hailing App Is Putting Its Foot On The Accelerator https://nextcity.org/urbanist-news/new-yorks-driver-owned-ride-hailing-app-is-putting-its-foot-on-the-accelera (h/t Dan Gillmor)

* #Framework Laptop 16: our exclusive hands-on https://www.theverge.com/22665800/framework-laptop-16-hands-on-preview-modular-gaming-laptop

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Framework Laptop 16: our exclusive hands-on

The Framework Laptop 16, the modular computer company’s first gaming laptop, goes on preorder July 18th. Here’s the price, availability, and what it’s like as of today.

^{Sean Hollister (The Verge)}

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#15yrsago #BletchleyPark kicks so much ass https://memex.craphound.com/2008/07/20/bletchley-park-kicks-so-much-ass/

#15yrsago Spamwar’s worst mistakes being recapitulated by the #CopyrightWars https://www.theguardian.com/technology/2008/jul/15/copyright.filesharing

#10yrsago Cheap, easy, no-mess #ColdBrewCoffee https://memex.craphound.com/2013/07/20/cheap-easy-no-mess-cold-brew-coffee/

#5yrsago UK government accidentally includes #Scarfolk poster endorsing culls of rabid children in official publication https://twitter.com/Scarfolk/status/1020290984549249026

#5yrsago UK government defends the use of under 16s as covert operatives https://www.theguardian.com/uk-news/2018/jul/20/child-spies-used-only-when-very-necessary-says-downing-street

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David Davis brands use of child spies ‘morally repugnant’

Theresa May’s spokeswoman defends practice revealed by House of Lords committee

^{Damien Gayle (The Guardian)}

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#5yrsago #Gmail rolls out #DRM for email and office documents, calls it “Confidential Mode” https://www.eff.org/deeplinks/2018/07/between-you-me-and-google-problems-gmails-confidential-mode

#5yrsago #Singapore healthcare provider breached, personal records of 1.5m people – including the Prime Minister – stolen https://www.straitstimes.com/singapore/personal-info-of-15m-singhealth-patients-including-pm-lee-stolen-in-singapores-most

#5yrsago Your phone company’s shitty security is all that’s standing between you and total digital destruction https://memex.craphound.com/2018/07/20/your-phone-companys-shitty-security-is-all-thats-standing-between-you-and-total-digital-destruction/

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Between You, Me, and Google: Problems With Gmail's “Confidential Mode”

With Gmail’s new design rolled out to more and more users, many have had a chance to try out its new “Confidential Mode.” While many of its features sound promising, what “Confidential Mode” provides isn’t confidentiality.

^{Electronic Frontier Foundation}

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#5yrsago The American Conservative: “The Dickensian Return of #DebtorsPrisons” https://www.theamericanconservative.com/the-dickensian-return-of-debtors-prisons/

#5yrsago As hoax-fueled #lynchings continue in India, #Whatsapp puts limits on video-forwarding https://www.washingtonpost.com/world/whatsapp-launches-new-controls-after-widespread-app-fueled-mob-violence-in-india/2018/07/19/64433ec9-c944-446f-8d82-8498234ee8a9_story.html

#5yrsago In-depth look at the Financial Times’ weekly guide to ostentatious status goods for tasteless one-percenters https://www.theguardian.com/news/2018/jul/19/how-to-spend-it-the-shopping-list-for-the-1-percent

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How to Spend It: the shopping list for the 1%

The long read: In an age of astonishing wealth, nothing reveals the lives of the ultra-rich like the FT’s unashamedly ostentatious luxury magazine

^{Andy Beckett (The Guardian)}

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Yesterday's threads: Denazification, truth and reconciliation, and the story of Germany's story; and more!

https://mamot.fr/@pluralistic/110741543884478515

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Cory Doctorow

2023-07-19 15:50:58

Today's threads (a thread)

Inside: Denazification, truth and reconciliation, and the story of Germany's story; and more!

Archived at: https://pluralistic.net/2023/07/19/stolpersteine/

#Pluralistic

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My latest book is Red Team Blues, available wherever books are sold!

Signed copies at Dark Delicacies (US):

https://www.darkdel.com/store/p2873/Wed%2C_Apr_26th_6pm%3A_Red_Team_Blues%3A_A_Martin_Hench_Novel_HB.html#/

and Forbidden Planet (UK):

https://forbiddenplanet.com/385004-red-team-blues-signed-edition-hardcover/

--

My latest nonfiction book is Chokepoint Capitalism (with Rebecca Giblin), nonfiction about monopoly and fairness in creative labor markets.

https://chokepointcapitalism.com

Signed copies available from Book Soup:

https://www.booksoup.com/book/9780807007068

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Wed, Apr 26th 6pm: Red Team Blues: A Martin Hench Novel HB

Signing with Cory Doctorow

^{Dark Delicacies}

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My ebooks and audiobooks (from Tor Books, Head of Zeus, McSweeneys, Beacon and others) are for sale all over the net, but I sell 'em too, and when you buy 'em from me, I earn twice as much and you get books with no DRM and no license "agreements."

https://craphound.com/shop/

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Upcoming appearances:

* #ComicCon (#SanDiego), Jul 20-23
https://www.comic-con.org/cci/programming-schedule

* Decentralization of the Internet Research Group (#IETF-117)
https://dirk-kutscher.info/events/dinrg-ietf-117/

* Midsummeer Scream (Long Beach), Jul 30
https://midsummerscream.org/

* #Armadillocon (#Austin), Aug 4-6
https://armadillocon.org/d45/

* @defcon (#LasVegas), Aug 10-13
https://defcon.org/

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Program Schedule

Comic-Con International's complete Program Schedule will appear online about two weeks before the event.

^{Comic-Con International: San Diego}

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Recent appearances:

* UCL Peter Kirstein Lecture
https://www.youtube.com/watch?v=Yn47ptAtVH0

* The Homeless Romantic
https://www.youtube.com/watch?v=wXn9wy5bHq0

* Why the internet is getting worse
https://www.cbc.ca/listen/cbc-podcasts/209-front-burner/episode/15992083-why-the-internet-is-getting-worse

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Peter Kirstein Lecture 2023 with Cory Doctorow

UCL Computer Science had the pleasure of hosting the 4th edition of the annual Peter Kirstein Lecture series. The lecture took place at UCL Cruciform Lecture...

^YouTube

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You can also follow these posts as a daily blog at pluralistic.net: no ads, trackers, or data-collection!

Here's today's edition: https://pluralistic.net/2023/07/20/continuation-fraud/

--

If you're a @medium subscriber, you can read these essays - as well as previews of upcoming magazine columns and early exclusives on doctorow.medium.com.

My latest Medium column is "Let the Platforms Burn: The Opposite of Good Fires is Wildfires"

https://doctorow.medium.com/let-the-platforms-burn-6fb3e6c0d980

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Let the Platforms Burn - Cory Doctorow - Medium

California needs to burn. For millennia, First Nations people oversaw controlled burns in the forests they lived, played and worked in. These burns cleared out underbrush, saw off sick trees, and…

^{Cory Doctorow (Medium)}

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Are you trying to wean yourself off Big Tech? You can read my work elsewhere, but it is now a #TwitterCrime to tell you how. Please visit my site, pluralistic.net, for links to find me on less-unhinged places (I can only imagine that my days here are numbered).

--

Today's top sources: @dangillmor (https://mastodon.social/@dangillmor).

eof/

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