Presidential Popularity By Own Party

Posted By on June 15, 2018

Interesting numbers…Donald Trump‘s popularity among members of his own party in is higher than any other post-war President except for George W. Bush.

Pesident Popularity

The Supercomputer Race Goes to Summit As The United States Retakes The Lead For Fastest Computer In The World

Posted By on June 8, 2018

America’s new supercomputer beats China’s fastest machine to take title of world’s most powerful supercomputer. Summit is a stepping stone toward a world of exascale computing.

The winner: The US Department of Energy’s Oak Ridge National Laboratory in Tennessee has taken the wraps off Summit, which boasts peak computing power of 200 petaflops, or 200 million billion calculations a second. That makes it a million times faster than your typical laptop.

The loser: China. Summit is 60 percent faster than the previous supercomputing leader, the Sunway TaihuLight based in the Chinese city of Wuxi. Consolation prize: China still boasted way more entries than the US in a list of the fastest 500 supercomputers published last year.

AI smarts: Summit is the first supercomputer designed from the ground up to handle machine learning, neural networks, and other AI applications. Its many thousands of AI-optimized chips from Nvidia and IBM can handle demanding tasks, such as crunching through mountains of reports and medical images to help unearth hidden causes of disease.

Jack Wells of Oak Ridge says the experience of building Summit, which fills an area the size of two tennis courts and carries 4,000 gallons of water a minute through its cooling system to carry away about 13 megawatts of heat, will help inform work on exascale machines, which will require even more impressive infrastructure. Things like Summit’s advanced memory management and the novel, high-bandwidth linkages that connect its chips will be essential for handling the vast amounts of data exascale machines will generate. Scientists at the national lab say they’ve already leveraged Summit’s AI smarts to conduct what is effectively an exascale comparative genomics calculation.

Supersized: The machine’s 4,608 servers and associated gear fill the space of two tennis courts and weigh more than a large commercial aircraft.

Why this matters: Topping the supercomputing charts isn’t just a matter of national pride. The machines are widely used in industry and also for national security tasks, such as developing nuclear weapons. Lessons from Summit will also inform the push to create “exascale” computers capable of handling a billion billion calculations a second. These are expected to come online in the early 2020s.

by Martin Giles

Advertising Revenues Listed By Media Type

Posted By on May 21, 2018

 

TV falls further behind, suffers first ad revenue decline since the Financial Crisis.

Train Wreck

You might think you never look at these ads or click on them, and you might think they’re the biggest waste of money there ever was, but reality is that internet advertising revenues in the US are surging, and are blowing all other media categories out of the water. But only two companies divvy up among themselves nearly 60% of the spoils.

Internet advertising revenues in the US soared 21.4% in 2017 from a year earlier to a record of $88 billion, thus handily demolishing TV ad revenues, which declined 2.6% to $70.1 billion, according to annual ad revenue report by the Interactive Advertising Bureau (IAB).

US-internet-advertising-v-other-media

Top 10 Wealthiest Countries In The World

Posted By on May 8, 2018

Looks like its the United States and China, then everybody else…

top-10-wealthiest-countries-ranked

U.S. Air Force’s X-37B Military Space Plane Marks 200 Days In Orbit

Posted By on April 8, 2018

 

The U.S. Air Force’s unmanned X-37B space plane has marked its 200th day in orbit on a clandestine mission.

Known as Orbital Test Vehicle-5 (OTV-5), the latest mission began September 7, 2017 after it was launched into space atop a SpaceX Falcon 9 booster from NASA’s Kennedy Space Center in Cape Canaveral, Florida.

According to Air Force officials, one payload flying on OTV-5 is the Advanced Structurally Embedded Thermal Spreader, or ASETS-11, of the U.S. Air Force Research Laboratory (AFRL). This cargo is testing experimental electronics and oscillating heat pipes for long durations in the space environment. –space.com

x37b-orbital-spaceplane-140402a-02_0

The Air Force has not disclosed how long the unpiloted, reusable craft will remain in orbit, however experts have said it’s likely to land at the Kennedy Space Center’s Shuttle Landing Facility, where the OTV-4 mission landed on May 7, 2007 – a first for the program, as previous missions all ended with a tarmac touchdown at California’s Vandenberg Air Force Base.

The X-37B has been and remains a technology demonstrator,” said Joan Johnson-Freese, a professor in the National Security Affairs Department at the Naval War College in Newport, Rhode Island.

“Given that most space technology is dual-use, with the ever-increasing sway toward warfare in space, it’s likely that the more militaristic uses of the space plane will be pursued more vigorously, and likely openly given the [presidential] administration’s proclivity toward chest thumping,” Johnson-Freese told Space.com.

Milestone Missions via Space.com

  • Each X-37B mission has set a new flight-duration record for the program.
  • OTV-1 began April 22, 2010, and concluded on Dec. 3, 2010, after 224 days in orbit.
  • The second OTV mission began March 5, 2011, and concluded on June 16, 2012, after 468 days on orbit.
  • OTV-3 chalked up nearly 675 days in orbit before finally coming down on Oct. 17, 2014.
  • And OTV-4 conducted on-orbit experiments for 718 days during its mission, extending the total number of days spent in space for the OTV program to 2,085 days.

Sources: Space.com, zerohedge.com

Retailers Face Poor Future

Posted By on March 15, 2018

The future of retailers couldn’t look more bleak…we expect to see a wave of new BK’s

Retail Bankruptcies Since 2015

Fastest 4G Network Surf Speeds In The World, Hint … U.S. Ranked 62nd

Posted By on February 23, 2018

The United States takes pride in being a technological leader in the world. Companies such as Apple, Alphabet, IBM, Amazon and Microsoft have shaped our (digital) lives for many years and there is little indication of that changing anytime soon.

But, as Statista’s Felix Richter notes, when it comes to IT infrastructure however, the U.S. is lagging behind the world’s best (and many of its not-so-best), be it in terms of home broadband or wireless broadband speeds. According to OpenSignal’s latest State of LTE report, the average 4G download speed in the United States was 16.31 Mbps in Q4 2017.

4G Surf Speeds

The Worlds Wealthiest Cities

Posted By on February 19, 2018

The data shown in this chart represents the total amount of private wealth held by all the individuals living in each of these cities.

Figures here include all assets (property, cash, equities, business interests) less any liabilities. Meanwhile, government funds are excluded from these figures.

Wealthiest Cities

New World Wealth also mentions that there were eight cities that just missed out on the top 15: Houston, Geneva, Osaka, Seoul, Shenzhen, Melbourne, Zurich and Dallas.

The Billionaire Quagmire – Rich Man, Poor Man

Posted By on January 22, 2018

In 2017 the world’s richest 1% raked in 82% of the wealth created last year while the poorest half of the population received none,

Separately, chief executives of the top five global fashion brands made in just four days what garment workers in Bangladesh earn over a lifetime.

Billionaires

U.S. Nuclear Weapons, Power Plants and Labs

Posted By on January 12, 2018

Nuclear warheads are still stored in a number of sites around the continental United States. The map below also highlights laboratories and interstate shipping routes. (Yes, nuclear weapons are apparently shipped in big rigs.)

Nuclear Locations U.S.

Biggest Lobbying Groups

Posted By on January 11, 2018

Here are the biggest lobbyist movers…

Lobby Group

Biggest Breakthroughs of 2017

Posted By on December 31, 2017

Here we go…it’s all about the FUTURE…

New-Scientific-Breakthroughs-2017

Millennial Homeownership

Posted By on December 16, 2017

Let’s break the map down into a top ten list of the urban areas with the highest rates of millennial homeownership, combined with the average price of their home. A full 42% of the millennials living in Minneapolis-St. Paul, MN own their own home, the highest rate in the country.

Millinial Home Buying

1. Minneapolis-St. Paul-Bloomington, MN-WI: 42.4% and $222,528

2. St. Louis, MO-IL: 40.2% and $167,791

3. Detroit-Warren-Dearborn, MI: 40.2% and $148,404

4. Louisville/Jefferson County, KY-IN: 38.5% and $158,974

5. Pittsburgh, PA: 37.5% and $152,731

6. Indianapolis-Carmel-Anderson, IN: 37.4% and $161,856

7. Kansas City, MO-KS: 37.1% and $170,254

8. Nashville-Davidson–Murfreesboro-Franklin, TN: 37.0% and $213,090

9. Oklahoma City, OK: 36.7% and $172,485

10. Baltimore-Columbia-Towson, MD: 36.3% and $272,805

 Source: HowMuch.net

The Biggest Bubble Of All Time

Posted By on December 12, 2017

Bitcoin is now in the record books as the biggest bubble of all time…surpassing the Tulip bubble of 1634-1637 along with all others…

bitcoin bubble biggest ever

Bitcoin or Gold…Which Would You Take

Posted By on December 12, 2017

A recent unscientific poll compares bitcoin to gold

 A wealthy person wants to gift you $10,000. You get to choose in which form you’ll take the gift. But there’s a catch: You must keep the gift in the form that you choose, and you can’t touch it for 10 years.

In which form would you take the gift?

“The market cap of bitcoin is c.$275 billion versus gold at $8.3 trillion. Even all of the cryptocurrencies combined have a market cap less than $500 billion. While the lack of liquidity and increased volatility may keep bitcoin interesting, it is unlikely to convince investors looking for the kind of diversification and hedging benefits which gold has proven to possess over its long history.”

The Mystery Of The Lost Bitcoin…

Posted By on November 30, 2017

Earlier this week, IG Markets chief strategist Chris Weston described bitcoin and other cryptocurrencies as a  massive influx of retail investors getting into the cryptocurrency as a “mania” fueled by press headlines and fear of missing out.

Bitcoin’s exponential 1,000 percent rise this year has captured imaginations and led to warnings of a “bubble.” Its current market capitalization — the price multiplied by the number of bitcoins in circulation — is now nearly $169 billion, according to CoinmarketcapIt’s so big that attention is now rapidly turning to bitcoin’s missing billions.

By Frank Chung, News.com.au

Of the more than 16.7 million bitcoins in circulation, nearly 4 million could be lost forever, according to new research from digital forensics firm Chainalysis. The research is based on a detailed empirical analysis of the blockchain — the “digital ledger” which records all bitcoin transactions, and which gives the currency its value.

The study, reported by Fortune, concluded that between 2.78 million and 3.79 million bitcoins — 17 to 23 percent of existing supply — are lost, amounting to more than $30 billion.

“It’s very easy to lose crypto,” said Martin Davidson, co-founder of Melbourne-based not-for-profit Blockchain Center and business development director at Blockchain Global.

“Bitcoin is a predetermined currency issuance system, so there will only ever be 21 million bitcoins created up to the year 2140.”

“It started in 2009 with the currency issuance of 50 bitcoins every 10 minutes, and every four years it goes down by half. It went down to 25, now we’re in the third phase where it is 12.5 bitcoins every 10 minutes.”

“When bitcoins are produced, they have a private key associated with them. It works using key-pair cryptography — you have a public address and a private key that go together. The public address is what you use to send bitcoins, the private key is what you need to spend them.”

“If you lose the private key, because of the mathematics involved and the strength of the cryptographic system, which is what makes it so safe, it’s impossible to ever get it back. What’s commonly happened is people have just deleted the file off their computer — the text document that holds the private key.”

While many have made analogies with burning a $100 bill or losing a gold bar off the side of a pirate ship, Davidson agreed that the ease with which bitcoins can be accidentally lost forever at the press of a button — particularly given how valuable they now are — can make people uneasy.

“Absolutely, that is one of the largest barriers to adoption,” he said.

“What people need to understand is this technology was born out of the cipher-punk movement, using cryptography for people’s individual freedom and privacy for protection against the state.”

“It was never designed to be user-friendly, but obviously now people are investing hundreds of billions of dollars into these systems that are still nascent with respect to the usability and design of the applications.”

In order to keep their keys safe, some users literally print them out in what’s known as a paper wallet, but Davidson said the best option was a Trezor USB wallet, which retails for about $100.

“They’re known as the best in the world, the most secure. They have firmware on the device designed to keep your private keys safe, they can store bitcoin, Ethereum, some other currencies.”

 

 

The Armstrong Economics Model On Earthquakes

Posted By on November 28, 2017

California-Earthquakes-1812-2014

The Great San Francisco Earthquake struck on April 18th, 1906 (1906.295). Based upon our model that monitors also earthquakes due to their impact on the economy (1906 quake led to the Panic of 1907 and the formation to create the Federal Reserve in 1913). The risk for a major earthquake turns up in 2018. Why? Actually from two aspects. This will be the 13th wave of 8.6 years from 1906 which puts the risk starting 2018.095 (Feb 3/4. 2018). However, perhaps a more important model is simply looking at quakes that are 7.0 or higher regardless of where they are. When we focus on this level of activity, here too what emerges is a 31.4-year cycle of intensity. This also turns up in 2018. The real intensity appears to extend into 2021.

There is a new theory that some scientists have put forward. This new theory was published in Geophysical Research Letters earlier this year, by Roger Bilham of the University of Colorado and Rebecca Bendick of the University of Montana. Their hypothesis predicts that because of Earth actually slows down in its rotation, there will be a sharp rise in large earthquakes come 2018. The forecast is based upon looking at earthquakes since 1900 that were greater than 7.0 displays a cycle that is approximately every 32 years for an uptick in these large quakes. They argue that the only factor which strongly correlates is a slight slowing of the Earth’s rotation in a five-year period before the uptick. While I cannot confirm or deny that the cause of the cycle is the slowing of the Earth’s rotation, I can confirm that the cycle exists. Indeed, a Magnitude 7.0 earthquake hit 45 miles from New Caledonia on November 19th, 2017 at 5:43 PM.

The Tokyo Earthquake of 1923 came 17.2 years after the San Francisco Earthquake. That was two 8.6-year waves after 1906. The 17.2-year frequency for 7.0+ quakes was due then in 1940. On May 19th, 1940, Imperial Valley, California, in the United States was hit by a 7.1 quake which was followed by the November 10th, 1940 Vrancea, Romania quake registering 7.4 in magnitude. The next 17.2-year target was 1957. Here we hade four major quakes hit; March 9th, 1957 Andreanof Islands, Alaska coming in at 8.6 in magnitude, April 25th, 1957 Fethiye, Muğla, Turkey  with a 7.1 quake, May 26th, 1957 Abant, Bolu, Turkey at 7.1 in magnitude, and December 4th, 1957 Govi-Altai Province, Mongolia with a 8.1 quake.

The next 17.2-year target was 1974/75. This produced four quakes starting on October 3rd, 1974 Near Lima, Peru registering 8.1, then February 4th, 1975 Haicheng, Liaoning, China 7.0, May 26th, 1975 North Atlantic earthquake 7.9, and July 8th, 1975 Bagan, Myanmar, coming in at 7.5 in magnitude. The next target was 1992 which produced three major quakes starting on April 25th, 1992 Cape Mendocino, California, at 7.2 in magnitude, followed by the June 28th, 1992 Landers, California, at 7.3 on the scale, and September 2nd, 1992 in Nicaragua with a 7.7 quake. The next target was 2009 corresponding with the low in the Crash of 2007-2009. The financial market6s captured the headlines that year, but there were 16 earthquakes in 2009 alone that measured 7.0 or greater with one exceeding 8.0. The next target for intensity will be 2026.

The coming year of 2018 will be the start of an uptick in earthquake intensity. Of course, this is a worldwide model and not one specific to any single city.

The BIG One May Finally Be Close At Hand…

Posted By on November 28, 2017

According to the latest data from Earthquake Track, there have been 698 earthquakes in California within the past 30 days.  By the time that you read this article, that number will undoubtedly have changed.

EarthQuakes

Authored by Michael Snyder 

Scientists tell us that when seismic activity begins to escalate the probability of having a major earthquake jumps significantly.  Over the past month there have been more mainstream news articles about earthquake swarms in California than seen in years, and the magnitude 4.6 earthquake that rattled Monterey County earlier this month made headlines all over the world.

And it isn’t just the U.S. section of the “Ring of Fire” that seems to be awakening.  Spectacular eruptions have been seen Southeast of Mexico City as Mexico’s Popocatepetl volcano spewed smoke and ash high into the air. The volcano had three eruptions Friday, one of which reached two and a half miles into the sky. The first explosion occurred at about 5:00 p.m. local time. Two more explosions overnight spread ash over the villages and fields south of the volcano.

In ancient times, Mt. Popocatepetl completely covered entire Aztec cities with massive amounts of super-heated mud.  Scientists assure us that someday Mt. Popocatepetl will once again erupt in a similar fashion, and the devastation that this will cause will be off the charts.

Meanwhile, an extremely dangerous volcano on the other side of the Ring of Fire is also rapidly coming to life.  When Mount Agung violently erupted in 1963, more than a thousand people were killed, and authorities are extremely concerned about the eruptions that are happening right now

Volcanic eruptions on the Indonesian resort island of Bali have prompted officials to cancel flights and move about 24,000 residents out of the way as a thick ash cloud from Mount Agung, thousands of meters high, drifts east and southeast along the archipelago.

Residents were evacuated from 224 points around the island while Lombok International Airport on Pulau Lombok, the island due east of Bali, has closed temporarily, said Ari Ahsan, spokesman for Ngurah Rai International Airport in Bali.

Over the weekend we witnessed eruption after eruption, and the column of ash coming from the volcano is now more than 4 miles high

The first eruption came around 5:30 p.m. local time (4:30 a.m. ET) Saturday, Bali’s Regional Disaster Management Agency said. More eruptions followed and continued into Sunday, with a “medium-pressure eruption” in the early evening that sent ash 2,000 meters into the air, the agency said.

By late Saturday, the volcanic ash plume had reached an altitude of 7,600 meters (4.7 miles), according to Australia’s Bureau of Meteorology.

But what is troubling authorities more than anything else is the fact that magma has been “detected close to the volcano’s surface”

 It told people within a 7.5km exclusion zone to “immediately evacuate” in an “orderly and calm manner”

Magma – molten rock – has now been detected close to the volcano’s surface, said officials and volcanologists.

What we are witnessing is quite unusual.  All over the planet “dead volcanoes” are coming back to life, and major fault lines are being hit by a seemingly endless barrage of small to mid-size earthquakes.

Is it possible that all of this shaking is leading up to something?

YES

Bitcoin Rides A Wave Of Buyers

Posted By on November 27, 2017

Twenty-five straight months of Bitcoin net inflows….

BitCoin Inflows

“The Man in the Arena”

Posted By on November 25, 2017

A famous quote from Theodore Roosevelt’s “Citizen in a Republic” speech delivered in Paris, France, in 1910 was poetic indeed…..and it’s something every arm chair quarterback should at least think about!

The speech includes a passage referred to as “The Man in the Arena,” which states in part, “It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood.”

Could Bitcoin Mining Consume All The World’s Current Electricity Production By Feb 2020?

Posted By on November 24, 2017

This is as interesting as it gets!

While Bitcoin Mining is only currently consuming 0.13% of the world’s electricity output, it’s growing incredibly quickly.

The Bitcoin Energy Consumption Index estimates consumption has increased by 29.98% over the past month.

If that growth rate were to continue, and countries did not add any new power generating capacity, Bitcoin mining would:

  • Be greater than UK electricity consumption by October 2018 (309 TWh)
  • Be greater than US electricity consumption by July 2019 (3,913 TWh)
  • Consume all the world’s electricity by February 2020. (21,776 TWh)

Via PowerCompare.co.uk,

Bitcoin’s ongoing meteoric price rise has received the bulk of recent press attention with a lot of discussion around whether or not it’s a bubble waiting to burst.

However, most the coverage has missed out one of the more interesting and unintended consequences of this price increase. That is the surge in global electricity consumption used to “mine” more Bitcoins.

How Does Bitcoin Mining Consume Electricity?

At a very basic level Bitcoin mining requires expensive and power hungry computer hardware. As the the IEEE explains:

Mining power is high and getting higher, thanks to a computational arms race. Recall that the required number of zeros at the beginning of a hash is tweaked biweekly to adjust the difficulty of creating a block—and more zeros means more difficulty.

The Bitcoin algorithm adds these zeros in order to keep the rate at which blocks are added constant, at one new block every 10 minutes. The idea is to compensate for the mining hardware becoming more and more powerful.

When the hashing is harder, it takes more computations to create a block and thus more effort to earn new bitcoins, which are then added to circulation.

According to Digiconomist’s Bitcoin Energy Consumption Index, as of Monday November 20th, 2017 Bitcoin’s current estimated annual electricity consumption stands at 29.05TWh.

That’s the equivalent of 0.13% of total global electricity consumption. While that may not sound like a lot, it means Bitcoin mining is now using more electricity than 159 individual countries (as you can see from the map below). More than Ireland or Nigeria.

If Bitcoin miners were a country they’d rank 61st in the world in terms of electricity consumption.

Here are a few other interesting facts about Bitcoin mining and electricity consumption:

  • In the past month alone, Bitcoin mining electricity consumption is estimated to have increased by 29.98%
  • If it keeps increasing at this rate, Bitcoin mining will consume all the world’s electricity by February 2020.
  • Estimated annualised global mining revenues: $7.2 billion USD (£5.4 billion)
  • Estimated global mining costs: $1.5 billion USD (£1.1 billion)
  • Number of Americans who could be powered by bitcoin mining: 2.4 million (more than the population of Houston)
  • Number of Britons who could be powered by bitcoin mining: 6.1 million (more than the population of Birmingham, Leeds, Sheffield, Manchester, Bradford, Liverpool, Bristol, Croydon, Coventry, Leicester & Nottingham combined) Or Scotland, Wales or Northern Ireland.
  • Bitcoin Mining consumes more electricity than 12 US states (Alaska, Hawaii, Idaho, Maine, Montana, New Hampshire, New Mexico, North Dakota, Rhode Island, South Dakota, Vermont and Wyoming)

All maps created using Mapchart.net.

Growth of Bitcoin Mining Electricity Consumption

Bitcoin

While Bitcoin Mining is only currently consuming 0.13% of the world’s electricity output, it’s growing incredibly quickly.

The Bitcoin Energy Consumption Index estimates consumption has increased by 29.98% over the past month.

If that growth rate were to continue, and countries did not add any new power generating capacity, Bitcoin mining would:

  • Be greater than UK electricity consumption by October 2018 (309 TWh)
  • Be greater than US electricity consumption by July 2019 (3,913 TWh)
  • Consume all the world’s electricity by February 2020. (21,776 TWh)

 

The Worlds Longest Airship, The Airlander 10 (Hindenburg II) Has Meet Its End…

Posted By on November 18, 2017

The world’s longest airship crashed early this morning. The £25m airship called ‘Airlander 10’ appeared to “break in two,” a witness told the BBC. Reports suggest the airship broke free from mooring less than 24-hours after a successful test. At the time, no-one was on board of the aircraft, but Bedfordshire police, paramedics and fire crews were alerted and treated a women who suffered minor injuries.

Airlander

The Airlander 10 is/was the world’s largest aircraft produced by Hybrid Air Vehicles. The airship is classified as a helium airship powered by four diesel engines driving large propellers on each side of the craft. Hybrid Air Vehicles originally built this aircraft for the United States Army’s Long Endurance Multi-intelligence Vehicle (LEMV) program in 2012, but was cancelled one-year later.

Hybrid-Air-Vehicles-Airlander-Airship-at-Cardington-Aerodrome

$300 Million in Cryptocurrency’ Accidentally Lost Forever…That’s Right, Forever!

Posted By on November 18, 2017

A user mistakenly takes control of hundreds of wallets containing cryptocurrency Ether, then accidently permanently destroys them in a panic while trying to give them back…Hmm, sounds like a bad day for someone!

More than $300m of cryptocurrency has been lost after a series of bugs in a popular digital wallet service led one curious developer to accidentally take control of and then lock up the funds, according to reports.

Unlike most cryptocurrency hacks, however, the money wasn’t deliberately taken: it was effectively destroyed by accident. The lost money was in the form of Ether, the tradable currency that fuels the Ethereum distributed app platform, and was kept in digital multi-signature wallets built by a developer called Parity. These wallets require more than one user to enter their key before funds can be transferred.

On Tuesday Parity revealed that, while fixing a bug that let hackers steal $32m out of few multi-signature wallets, it had inadvertently left a second flaw in its systems that allowed one user to become the sole owner of every single multi-signature wallet.

The user, “devops199”, triggered the flaw apparently by accident. When they realised what they had done, they attempted to undo the damage by deleting the code which had transferred ownership of the funds. Rather than returning the money, however, that simply locked all the funds in those multisignature wallets permanently, with no way to access them.

“This means that currently no funds can be moved out of the multi-sig wallets,” Parity says in a security advisory.

Effectively, a user accidentally stole hundreds of wallets simultaneously, and then set them on fire in a panic while trying to give them back.

“We are analysing the situation and will release an update with further details shortly,” Parity told users.

Hard fork

Some are pushing for a “hard fork” of Ethereum, which would undo the damage by effectively asking 51% of the currency’s users to agree to pretend that it had never happened in the first place. That would require a change to the code that controls ethereum, and then that change to be adopted by the majority of the user base. The risk is that some of the community refuses to accept the change, resulting in a split into two parallel groups.

Such an act isn’t unheard of: another hack, two years ago, of an Ethereum app called the DAO resulted in $150m being stolen. The hard fork was successful then, but the money stolen represented a much larger portion of the entire Ethereum market than the $300m lost to Parity.

The lost $300m follows the discovery of bug in July that led to the theft of $32m in ether from just three multisignature wallets. A marathon coding and hacking effort was required to secure another $208m against theft. Patching that bug led to the flaw in Parity’s system that devops199 triggered by accident.

Parity says that it is unable to confirm the actual amount lost, but that the $300m figure is “purely speculative”. The company also disputes that the currency is “lost”, arguing that “frozen” is more accurate. But if it is frozen, it appears that no-one has the ability to unfreeze the funds.

“The Parity vulnerability was the result of an incorrectly coded smart contract used by the Parity wallet to store tokens on the Ethereum network,” said Dominic Williams, founder of blockchain firm DFINITY. “The vulnerability made it possible for anyone to ‘freeze’ the tokens held by that smart contract, making them immovable. At this time, the only method we are aware of to ‘unfreeze’ tokens held by the vulnerable smart contract would be to create a new ‘hard fork’ Ethereum client that deploys a fix. This would require every full node on the Ethereum network to upgrade by the date of the hard fork to stay in sync, including all miners, wallets, exchanges, etc.”

Ethereum has rapidly become the second most important cryptocurrency, after Bitcoin, with its price increasing more than 2,500% over the past year. One token of Ether is now worth a little over $285, up from $8 in January.

Congress Discloses Complete Number Of Harassment Settlements Over The Past 20 Years

Posted By on November 17, 2017

Congressional harassment records were unveiled yesterday for the first time by the Congressional Office of Compliance. Anybody surprised?

 

congressional harassment settlements

And the payouts…

congressional harassment payouts

First Time Ever, The Top 1% Own More Than Half The World’s Wealth

Posted By on November 14, 2017

The top 1% of global wealth holders started the millennium with 45.5% of all household wealth. This share was about the same until 2006, then fell to 42.5% two years later. The downward trend reversed after 2008 and the share of the top one percent has been on an upward path ever since, passing the year 2000 level in 2013 and achieving new peaks every year thereafter. According to our latest estimates, the top one percent own 50.1 percent of all household wealth in the world.”

Wealth Pyramid 2017

Tax Revenues Hit New Record

Posted By on November 14, 2017

Record total tax revenues were collected in the month of October, taking in a total of $235,341,000,000 during the first month of fiscal 2018, according to the Monthly Treasury Statement released today.

The federal government also brought in record individual income tax revenues for the month of October, taking in $127,832,000,000 in individual income taxes.

Record Taxes

According To A New Poll, 12% of Americans Say That Are Skipping Holiday Gifts In 2017

Posted By on November 13, 2017

According to a new report, one-in-eight (12%) Americans say they don’t plan to buy any gifts at all this year.

CreditCards.com surveyed over 1,000 adults and found that despite the uptick in the economy under President Trump, many Americans are planning to be frugal this year, with only 27% of them planning to shell out $100 or more on a single gift.

Male gift-givers were the most likely to splurge on their significant other, but women said they were most likely to spend more on their children. Overall, women are planning to be the cheapest this year with 40% of them spending less than $50 on their priciest present, compared with 29% of men.

New Gallup Poll Lists Things Americans Worry About Most

Posted By on November 12, 2017

A new Gallup poll has found that 67 percent of U.S. adults frequently or occasionally worry about having personal, credit card or financial information stolen by hackers. Another 66 percent also worry about the threat presented by identity theft.

Crimes

The Latest On The Senate Tax Bill vs. The House Version

Posted By on November 9, 2017

Confirming the leaks that occurred in the last hours, Senate Republicans just released their proposal for the tax bill and it is notably different from the House bill.

Here are the most notable highlights (more details below):

  • 20% permanent corporate tax cut delayed by 1 year
  • Complies with the $1.5 trillion cost (will cost $1.44 trillion)
  • Preserves 7 tax brackets: top tax bracket is 38.5%, down from 39.6%
  • Doubles standard deduction from $12,700 to $24,000 (married couples)
  • Ends state and local tax (SALT) deduction; keeps business deduction
  • Keeps the mortgage Interest deduction cap at $1 million
  • Preserve the estate tax, doubling the current $5.49 million exemption for individuals
  • Raises the child tax credit to $1,650 from $1,000
  • Sets 10% tax rate for US companies with IP in foreign low-tax jurisdictions
  • Full expensing of capital investments for five years
  • Preserves 401(k)s IRAs,
  • Sets repatriation rate at 12% for liquid assets, 5% for illiquid assets
  • Carried interest loophole unchanged
  • Electric Vehicle tax credit is spared (good news for Musk)

Tax Bill

Bloomberg details how the Senate proposal compares with the House version so far on some key areas, updated throughout the day:

 

INDIVIDUAL

Income Tax brackets

  • WHAT’S IN THE SENATE BILL: The Senate would include seven individual brackets of 10 percent, 12 percent, 22.5 percent, 25 percent, 32.5 percent, 35 percent and 38.5 percent. The last one would be a decrease from current law’s top individual rate of 39.6 percent. Thresholds for each bracket weren’t immediately available.
  • HOW THAT DIFFERS FROM THE HOUSE: The House would shrink the number of brackets to four with these thresholds for married taxpayers filing jointly: 12 percent: $24,000 to $90,000; 25 percent: $90,000 to $260,000; 35 percent: $260,000 to $1 million; 39.6 percent: $1 million and up. The thresholds would be adjusted for inflation based on chained CPI, a formula that would subject more income to higher tax rates than under the regular consumer price index.

State and Local Tax Deductions

  • SENATE BILL: Eliminates state and local tax deductions for individuals, according to Senator John Hoeven of North Dakota.
  • HOUSE BILL: The deduction for state and local income taxes or sales taxes would be repealed, while the deduction for state and local property taxes would be capped at $10,000.

Home-Mortgage Interest Deduction

  • SENATE BILL: Preserve the existing mortgage-interest deduction for home purchases with up to $1 million of debt.
  • HOUSE BILL: The home-mortgage interest deduction would be reduced for new purchases to $500,000 of debt from the current $1 million. The bill would also limit the deduction to one principal home, ending the break for second homes.

Standard Deduction

  • SENATE BILL: Roughly doubles the standard deduction to $12,000 for individuals and $24,000 for couples.
  • HOUSE BILL: Same.

Medical Expense Deduction

  • SENATE BILL: Preserve existing medical expense deduction and enhance the standard deduction for the blind and elderly.
  • HOUSE BILL: Repeal the medical expense deduction.

Child Tax Credit

  • SENATE BILL: Expand the credit to $1,650 from $1,000.
  • HOUSE BILL: Increase the credit to $1,600 per child younger than 17 — up from $1,000 — and includes an additional $300 credit for each parent as part of a consolidated family tax credit.

Estate Tax

  • SENATE BILL: Preserve the estate tax while doubling the current $5.49 million exemption for individuals.
  • HOUSE BILL: The estate tax would end after 2023. Before then, the current $5.49 million exemption for individuals would be doubled.

BUSINESS

Corporate Tax Cut

  • SENATE BILL: A corporate tax-rate cut to 20 percent would be delayed by one year to January 2019, according to GOP Senator Bill Cassidy of Louisiana.
  • HOUSE BILL: The corporate income tax rate would be a flat 20 percent starting in 2018.

* * *

The question now is whether the Senate bill will pass the House, and while there are some grumblings about the corporate tax cut delay (which will force companies to minimize 2018 profits and boost them in 2019), there may be just enough support for it to pass.

We Lose An Hour On Sunday, Nov 5th

Posted By on November 3, 2017

Just a friendly reminder to set your clocks back one hour Sunday, November 5.

Did you know? The U.S. adopted the measure during World War I to conserve energy…after Germany and its allies had done the same thing. After the war, it was repealed in the U.S., then reintroduced during World War II. After the war, it was up to individual states to observe Daylight Savings (most did), and also when to start and when to stop. In 1966, Congress passed the Uniform Time Act to set universal start and end times and dates for participating states.

Understanding Solar Flares

Posted By on October 27, 2017

Earthsky.org provides an easy understanding of what is a cornoal mass ejection…

A CME can launch a billion tons of plasma from the sun’s surface into space, at speeds of over a million miles per hour. Every so often, the sun burps.  But, unlike myself, when the sun burps, it does so with the power of 20 million nuclear bombs.  These hiccups are known as coronal mass ejections (CMEs)—powerful eruptions near the surface of the sun driven by kinks in the solar magnetic field.  The resulting shocks ripple through the solar system and can interrupt satellites and power grids on Earth.

 

Solar Flares

Source: ZeroHedge

DoD Plans Solar-Storm Based National Blackout Drill In November 2017

Posted By on October 27, 2017

According to The National Association for Amateur Radio (ARRL), elements of the US Department of Defense (DOD) will simulate a  “communications interoperability” training exercise across the United States on November 04-06. The announcement released on October 24 has not been widely distributed to the media, because the drill is simulating a total grid collapse and could spark public fear.

EMP

Explained by Army MARS Program Manager Paul English,

“This exercise will begin with a national massive coronal mass ejection event which will impact the national power grid as well as all forms of traditional communication, including landline telephone, cellphone, satellite, and Internet connectivity,”

Here is snippet of section 1 of the executive order:

Space weather events, in the form of solar flares, solar energetic particles, and geomagnetic disturbances, occur regularly, some with measurable effects on critical infrastructure systems and technologies, such as the Global Positioning System (GPS), satellite operations and communication, aviation, and the electrical power grid. Extreme space weather events — those that could significantly degrade critical infrastructure — could disable large portions of the electrical power grid, resulting in cascading failures that would affect key services such as water supply, healthcare, and transportation. Space weather has the potential to simultaneously affect and disrupt health and safety across entire continents. Successfully preparing for space weather events is an all-of-nation endeavor that requires partnerships across governments, emergency managers, academia, the media, the insurance industry, non-profits, and the private sector.

Back to the exercise on November 04-06,  the US Department of Defense headquarters entity will work with the US Army and US Air-Force MARS organizations and the Amateur Radio community to request status reports for 3,143 US counties. During the exercise, communication frequencies will use HF NVIS, VHF, UHF, and non-internet linked Amateur Radio repeaters.

In addition, Army MARS Program Manager Paul English said,

We want to continue building on the outstanding cooperative working relationship with the ARRL and the Amateur Radio community,” English said. “We want to expand the use of the 60-meter interop channels between the military and amateur community for emergency communications, and we hope the Amateur Radio community will give us some good feedback on the use of both the 5-MHz interop and the new 13-MHz broadcast channels as a means of information dissemination during a very bad day scenario.

Sources: ZeroHedge.com

Blockchain Trends Will Revolutionize IoT (Internet of Things)

Posted By on October 26, 2017

Blockchain technology derived from cryptocurrency’s evolution may well define the most important new trend of the next 10-20 years.

There are many evolving blockchain trends that will transfer power from centralized governments to the citizens, including the internet of things, blockchain identification and voting platforms, and diverse financial markets.

Melding blockchain solutions with IoT, the internet of things, is a new concept that allows citizens to demonstrate their compliance with government policies remotely, which can help avoid enforcement that might otherwise act with a bias. It can also prove compliance in circumstances when law enforcement is mistakenly prosecutorial. Imagine an IoT device attached to your car that records your speed at wireless intervals along the highway. Combined with blockchain’s irrefutable ledger of entries, it will be easy for a computer to accurately monitor and adjust your speed (or wire you a ticket), making highway police officers less unnecessary. These state or local cops are often motivated by avoiding boredom, fulfilling quotas, and exercising their power rather than keeping the flock safe.

Though one might believe that the example above naturally requires them to be a subject of mass surveillance just to avoid interaction with the police, this is only half-true. Other government functions will be replaced by blockchain as well, and these will allow for safe, uncompromising identification. One company working on a realistic solution is SelfKey. SelfKey is a system that can easily integrate with bureaucratic government offices, like those that handle registration of vehicles, establishment of businesses, charities, insurance policies, trusts and a whole host of other contracts that require verification of an identity. With SelfKey, one pays KEY tokens to register themselves with various private, and public processes from local, state, and national governments securely.

For blockchain participants, the difference is that they are not surrendering any sensitive identifying information to centralized, vulnerable sources (even those within the government). Using cryptocurrency as a medium for identification is smart, because it naturally keeps centralized authorities from unwanted surveillance. Individual services can register a company or vehicle to the correct identity, without ever knowing the name behind the number (or 256-character hash). Thanks to cryptography standards, public dissemination of data can be verified as accurate while still being anonymous. This is the public and private key functionality that allows a computer to verify your ownership over bitcoin, for example, without knowing your name.

This concept is applicable to voting, especially if preventing government overreach is crucial. With the ledger-like permanence of a blockchain voting record, votes cannot be created from thin air, altered in the chain, or attributed to anyone else. Companies such as Horizon State are already working on blockchain voting solutions that allow users to remain truly anonymous and prevent fraud. This type of unalterable voting system will prevent parties from padding ballot boxes, miscounting, or taking part in other mischief that can swing an election in unanticipated directions. Clearly, blockchain can help democratic methods to remain pure, which increases the value of a single vote and encourages more to turn out and fight unfair policy.

Breaking the Financial Chains – In our modern capitalist infrastructure, the shareholder is king, which puts corporations on the same level as deities. Thanks to poor privacy laws, these businesses can freely exchange in-depth user information just for the price of letting people enjoy their services. The Terms and Agreements that everyone skips over when running their new application is them “asking” for permission to monitor you and sell your data to the highest bidder.

Companies like Datum are using the blockchain to fight this unfortunate truth. Not only are companies like Apple and Amazon profiting from the use of their customers’ data, they’re also putting customers at risk by storing it in unsafe places. Centralized servers are susceptible to breaches by hackers, who literally have millions of identities at their fingertips. Decentralized networks provide these hackers no real target, as information is stored as encrypted data on the entire network. It also allows users to set their own sharing privileges, and if they are willing, profit from sharing it all. In many ways, blockchain is slowly democratizing the way that entire industries operate. This lengthy decentralization period will inevitably change how we think about political representation, financial accessibility, information sharing, and an array of other ideas that have traditionally suffered from overreach in the worst ways.

 Sources: 

Bloq Says “We’ve Built A Thousand-Year Cryptocurrency” – And It Works On Multiple Blockchains

Posted By on October 25, 2017

Bloq, a new startup co-founded by Jeff Garzik, is launching a new cryptocurrency called Metronome, which can switch between blockchains. This is big news and may create radical change in the landscape of the cryptocurrency markets.   Coindesk reports …

Long a controversial figure at the center of the debate on how best to scale the public bitcoin blockchain, Garzik’s company is today announcing what it believes will be a solution to the infighting he perceives as keeping money out of the established cryptocurrency market.

Revealed at Money2020 in Las Vegas, Bloq is unveiling metronome, a cryptocurrency that seeks to claim a series of firsts in crypto-economics, including offering users the ability to switch the same token back and forth between blockchains as desired.

“It’s sort of a best-of-all-worlds cryptocurrency,” Garzik said, describing it as a ‘boxcar’ that could ride on top of any compatible blockchain.

Bloomberg Explains

Jeff Garzik, one of a handful of key developers who helped build the underlying software for bitcoin that is known as blockchain, has seen its shortcomings first hand. So he decided to create a better digital currency.

He’s calling it Metronome and says it will be the first that can jump between different blockchains. For example, coins that are used for applications on the Ethereum blockchain will be able to move to Ethereum Classic before jumping onto Qtum or Rootstock, which connects with the bitcoin blockchain, said Garzik. The mobility means that if one blockchain dies out as the result of infighting among developers or slackened use, metronome owners can move their holdings elsewhere. That should help the coins retain value, and ensure their longevity.

Bloq’s co-founder, Matthew Roszak, expects the new cryptocurrency to attract interest from institutional investors, as he explained to Coindesk

“Roszak believes this sophisticated automation will encourage large investors who have yet to put money into public cryptocurrencies for fear of the seemingly erratic decision-making by developer groups to do so. When they analyze cryptocurrency, the analysts, engineers and economists sitting at the committee, they’re saying they pick the top two – bitcoin and ether. Then they say, well there’s forks, ‘civil wars,’ ‘proof of Vitalik,’ Roszak posited.

‘They’re cryptographically secure but these components create surprise and risk.’ In contrast, Roszak framed the Metronome token as ‘fixed and locked in stone,’ attributes he suggested should counter these concerns. Equally unique, however, is how the token will seek to operate on launch. As described in its announcement materials, metronome is opening with an initial auction of 10 million MTN, with 8 million MTN being made available to the public and 2 million being set aside for Bloq as the principal development team.

Roszak told Bloomberg “We’ve built a thousand-year cryptocurrency, something that’s built to last.” Garzik explained his thinking behind metronome as “seeking to offer a utility to those who want a more reliable store of value and foundation for distributed applications. ‘We feel that there is a consistent demand for a cross-chain option. I point to the major uncertainty of proof-of-stake and proof-of-work, where the proof-of-stake system is going to change the money supply, but (Ethereum) hasn’t stated how much it will change,’ he said. As outlined in the metronome white paper, one of the chief selling points of the token is that it boasts “zero founder control” after its launch, and as such, is resistant “‘to the whims of individual or community discord” by functioning as a series of smart contracts.

“If I had a clean slate of paper this is what I would design, Garzik told Bloomberg. He might be correct, although the now ancient rivalry between VHS and Betamax springs to mind, never mind the coming entry of governments into the cryptospace. “While seeking to side-step some of these challenges, metronome will have some of its own. It’s starting out with zero users, compared with 35 million active bitcoin users a month. There are more than 1,100 tokens and currencies competing for users, according to CoinMarketCap. The token will first be issued on ethereum, and support for ethereum classic and other blockchains is expected within months.

Garzik’s long -term vision is for an internet of blockchains, of which Bitcoin is the root. He sees a four-step development in blockchain technology, as he told Bitcoin Magazine in 2016.

Step One: Is digital currency, the very first use case of blockchain,’ Garzik said. That means Step One in the evolution of blockchain technology, as Garzik explains it, is obviously Bitcoin. Bitcoin, introduced in 2008, has caught the imagination of large swaths of the collective imagination, from major financial institutions to hackers in their mom’s basements.

Step Two: Which, according to Garzik, Bitcoin has already surpassed, includes companies researching how digital currencies ? or tokens ? can be used in interbank transfers. Financial institutions are doing this in order to make the modern methods of money transmission more efficient. While credit cards and debit cards work well, people lament the need still for paper checks or wire transfers, which can take days. Moreover, the latter costs a large percentage of the overall transfer. As Garzik puts it: ‘Step Two is digital assets, where you have financial institutions putting digital assets on the blockchain.’

Step Three: Is smart properties,’ Garzik said. ‘Putting physical assets on a blockchain, whether it’s a jet, a boat, a plane, real estate or something like that.’ This phase has been theorized about for years and the mainstream media is undoubtedly catching on to things like how the Internet of Things (IoT) and blockchain can unite to power the cities of the future. For many, this comes down to managing property on the blockchain. Smart property refers to ownership determined by blockchains with smart contracts. Smart property can also include shares in a company or access rights to a software or computer. Smart property streamlines the ownership process, diminishing the chances for fraud and reducing mediation costs.

Step Four: ‘Step Four ties all of that together into a mesh network of cross-chain smart contracts that guard the assets and the assets mature,’ Garzik said. ‘Really move beyond simple encryption needs for managing and securing assets. Right now, I think we are moving from Step Three to Step Four with some of the exciting things going on in the Ethereum community and similar technologies on the smart contract side. With Rootstock most notably, similar (things are) happening on the Bitcoin side as well.’ It’s this development that is ‘exciting to me in the very near term,’ Garzik said.

Garzik partnered with Matthew Roszak in November 2015 on Bloq. ‘Open source is key to rapid innovation,’ said Garzik, ‘and this has been true of both the early days of Linux and cryptocurrency. But at some point, there needs to be an enterprise-grade solution for a technology to be reliable enough to play in the Fortune 500. You can’t sit around and hope that unpaid volunteers come up with an update. Red Hat solved this problem for the Linux market, and Bloq will solve it for the blockchain.”

Here is a little background on Garzik as he described himself on Bitcoin.com in 2015:

Coding since the age of 8
– First stock trading at 12, first business at 16
– Coding open source software – GNOME, Linux, cloud etc. – for over 20 years
– Discovered bitcoin in the “Great Slashdotting” of July 2010
– Initially a bitcoin sceptic; had to study the software to see if it works.
– Quit 10+ year job at Red Hat to work full time at Bitpay in June 2013
– Recently wound down space project Dunvegan Space Systems
– Bitcoin’s greatest legacy is catalyst, kicking off the current crypto revolution
– It’s just the early days of bitcoin.

Bitcoin interests me as a base layer for enabling automated AI entities to function in the real world, hiring humans and running corporations via decentralized markets.

 

Older Workers And Retirement Security

Posted By on October 16, 2017

Teresa Ghilarducci is a labor economist at The New School, specializing in retirement security. Here’s what she told the Washington Post last month. 

“There is no part of the country where the majority of middle-class older workers have adequate retirement savings to maintain their standard of living in their retirement.”

Her research shows even high-income workers haven’t saved enough to fund comfortable retirements.

Retirement

These are sobering numbers:

  • 19.7% of retirees get 100% of their income from Social Security.
  • A full third (33.4%) depend on it for 90% of their income.
  • And 61.1% get at least half their income from Social Security.

Retirement SS

This Is How Wars Are Going To Be Fought In The Future

Posted By on October 14, 2017

The UAV (Unmaned Aerial Vehicle) below is one of the most advanced U.S. offensive weapons available for advanced war strategies. It is believed to be a MQ-9 Reaper with a price tag of $10.5 million. The aircraft can stay airborne for up to 36 hours with 1.7 tons of missiles and bombs on board…and there’s probably more it can do, but we don’t know about it because it would be top secret!

Drone

Sources: ZeroHedge.com

If You’re Between The Age Of 16 And 36 You’re A Millennial (Generation Y) Also Known As Generation ME …You Will Define Our Future

Posted By on October 10, 2017

They can play video games better than anybody, but when it comes to doing the simple things, millennials are the dumbest generation ever! They are also the highest ranking generation for narcissism and have an acute sense of self-entitlement. So here’s to you Generation Y … “May the winds blow while your sails are up”! 

Population By Age

The biggest single age cohort today in the U.S. is 26-year-olds, who number 4.8 million, according to Torsten Slok, chief international economist for Deutsche Bank . People 25, 27 and 24 follow close behind, in that order. Many are on the verge of life-defining moments such as choosing a career, buying a house and having children.

Millennials as a whole are America’s latest demographic bubble, overtaking the baby boom generation and, like them, transforming popular culture, retailing, media and lifestyles. They make up about 42% of all home buyers today, and 71% of all first-time home buyers, according to Zillow Group . Some 86% of millennial home buyers reported making at least one improvement to their home in the past year, more than any other generation, Zillow says.

 

Not So Smart, Especially If You Get Caught In A Picture Celebrating The Same Thing You Are Now Ripping… Hmmm Seems Like A Good Time To Keep Politics Away From Dr Seuss

Posted By on October 1, 2017

BUSTED: Librarian Who Rejected Melania’s ‘Racist’

Dr. Seuss Gift Outed As Total Hypocrite

 

Content originally published at iBankCoin.com

A snarky elitist librarian from Cambridge, Mass. responded to First Lady Melania Trump’s gift of Dr. Seuss books with a condescending screed about how Dr. Seuss is racist – recommending Mrs. Trump should instead gift the (racist) books to underprivileged children.

Liz Phipps Soeiro turned down the collection of nearly a dozen books, telling the First Lady that her elementary school was ‘award-winning’ and ‘well-funded,’ before adding ‘You may not be aware of this, but Dr Seuss is a bit of a cliché, a tired and worn ambassador for children’s literature. 

‘Another fact that many people are unaware of is that Dr Seuss’s illustrations are steeped in racist propaganda, caricatures, and harmful stereotypes.

‘Open one of his books (If I Ran a Zoo or And to Think That I Saw it On Mulberry Street, for example), and you’ll see the racist mockery in his art.’

Oh no she didn’t…

Within hours of Soeiro’s statements, internet sleuths dug up photos of the rabid liberal educator decked out as the Cat in the Hat in 2015 to celebrate Dr. Seuss’ birthday, leading some to speculate it’s the reason she deleted her Twitter account, @reflectlibrary.

1. Hypocritical librarian who attacked @FLOTUS for book donations, deletes both her accounts after twitter shows her hateful hypocrisy. pic.twitter.com/TLHpFg0Nkz

2. Here’s a picture Liz Phipps Soeiro posted actually celebrating Dr Seuss’s books, so apparently she likes “racist” reading materials also! pic.twitter.com/F1CY0XJx5f

View image on Twitter

I’m sure this is why the twit @reflectlibrary deleted her twitter account. Hahahahahaha

Melania responds

In response to Soeiro’s rejection and letter, Melania Trump said the librarian’s response was ‘unfortunate,’ adding that she wanted to use her platform ‘to help as many children as she can.’

‘To turn the gesture of sending young students some books into something divisive is unfortunate.’ –First lady Melania Trump’s office

Racist Michelle Obama

People were also quick to point out that first lady Michelle Obama has read the ‘racist’ books to children for years.

 

Last but not least – looks like professor hypocrite is also the creator of an anti-Trump t-shirt which says “Read Write Resist,”.

 

View image on Twitter

Cancelled Twitter account. Coward. What a shame America can’t tell her what we think of her moronic actions!

The Time Everyone “Corrected” The World’s Smartest Woman…They Were All Wrong!

Posted By on October 1, 2017

Monty Hall, the genial host and co-creator of “Let’s Make a Deal,” the game show on which contestants in outlandish costumes shriek and leap at the chance to see if they will win the big prize or the booby prize behind door No. 3, died at his home in Beverly Hills, Calif., on Saturday. He was 96.

In memory of the great entertainer, we present:

The Time Everyone “Corrected” the World’s Smartest Woman

Authored by Zachart Crockett via Priceonomics.com,

By all accounts, Marilyn vos Savant was a child prodigy

Born in St. Louis, Missouri in 1946, the young savant quickly developed an aptitude for math and science. At age 10, she was given two intelligence tests — the Stanford-Binet, and the Mega Test — both of which placed her mental capacity at that of a 23-year-old. She went on to be listed in the Guinness Book of World Records for having the “World’s Highest IQ,” and, as a result, gained international fame.

Despite her status as the “world’s smartest woman,” vos Savant maintained that attempts to measure intelligence were “useless,” and she rejected IQ tests as unreliable. In the mid-1980s, with free rein to choose a career path, she packed her bags and moved to New York City to be a writer.

Here, she caught a break: when Parade Magazine wrote a profile on her, readers responded with so many letters that the publication offered her a full-time job. Shortly thereafter, she established “Ask Marilyn,” a now-famous weekly column in which she answered (and continues to answer, to this day) a variety of academic questions and logic puzzles. It was in the body of one of these columns that vos Savant ignited one of the most heated statistical battles of the 21st century.

When vos Savant politely responded to a reader’s inquiry on the Monty Hall Problem, a then-relatively-unknown probability puzzle, she never could’ve imagined what would unfold: though her answer was correct, she received over 10,000 letters, many from noted scholars and Ph.Ds, informing her that she was a hare-brained idiot.

What ensued for vos Savant was a nightmarish journey, rife with name-calling, gender-based assumptions, and academic persecution.

The Monty Hall Problem: A Brief History

Imagine that you’re on a television game show and the host presents you with three closed doors. Behind one of them, sits a sparkling, brand-new Lincoln Continental; behind the other two, are smelly old goats. The host implores you to pick a door, and you select door #1. Then, the host, who is well-aware of what’s going on behind the scenes, opens door #3, revealing one of the goats.

“Now,” he says, turning toward you, “do you want to keep door #1, or do you want to switch to door #2?”

Statistically, which choice gets you the car: keeping your original door, or switching?

If you, like most people, posit that your odds are 50-50, you’re wrong — unless, of course, you like goats as much as you like new cars, in which case you’ll win 100% of the time.

Loosely based on the famous television game show Let’s Make a Deal, the scenario presented above, better known as the “Monty Hall Problem,” is a rather famous probability question. Despite its deceptive simplicity, some of the world’s brightest minds — MIT professors, renowned mathematicians, and MacArthur “Genius” Fellows — have had trouble grasping its answer. For decades, it has sparked intense debates in classrooms and lecture halls.

Historically, the Monty Hall Problem was predated by several very similar puzzles.

In Joseph Bertrand’s box paradox (1889), three boxes are presented — one containing two gold coins, one containing two silver coins, and the final containing one of each. Assuming the participant draws one gold coin from a box, the problem then asks what the probability is that the other coin in that box is gold. Bertrand, who concluded that the probability was ?, was lauded for his ability to look beyond the obvious.

A second iteration of this paradox, the Three Prisoners Problem (1959), presents a statistically identical scenario, with the same outcome. “[It’s] a wonderfully confusing little problem,” its creator, Scientific American columnist Martin Gardner, later wrote, smugly. “In no other branch of mathematics is it so easy for experts to blunder as in probability theory.”

First presented in a letter to the editor of The American Statistician in 1975, the Monty Hall Problem was also counterintuitive. In this letter, Steve Selvin, a University of California, Berkeley professor, splayed out the situation in the intro of this article, and contended that switching doors yields a ? chance of winning the car, whereas keeping the original door results in winning only ? of the time.

Over the next decade or so, the Monty Hall Problem made several appearances, first in a Journal of Economics Perspectivespuzzle by Barry Nalebuff, and subsequently in a 1989 issue of Bridge Today, by Phillip Martin. Neither man’s logic was refuted, and the problem generated relatively little attention.

Then, after 15 years without incident, the Monty Hall Problem was resurrected by Marilyn vos Savant — and an absolute shit-storm ensued.

Marilyn vos Savant’s Debacle

In September 1990, Marilyn vos Savant devoted one of her columns to a reader’s question, which presented a variation of the Monty Hall Problem:

“Suppose you’re on a game show, and you’re given the choice of three doors. Behind one door is a car, behind the others, goats. You pick a door, say #1, and the host, who knows what’s behind the doors, opens another door, say #3, which has a goat. He says to you, “Do you want to pick door #2?” Is it to your advantage to switch your choice of doors?”

“Yes; you should switch,” she replied. “The first door has a 1/3 chance of winning, but the second door has a 2/3 chance.”

Though her answer was correct, a vast swath of academics responded with outrage. In the proceeding months, vos Savant received more than 10,000 letters — including a pair from the Deputy Director of the Center for Defense Information, and a Research Mathematical Statistician from the National Institutes of Health — all of which contended that she was entirely incompetent:

You blew it, and you blew it big! Since you seem to have difficulty grasping the basic principle at work here, I’ll explain. After the host reveals a goat, you now have a one-in-two chance of being correct. Whether you change your selection or not, the odds are the same. There is enough mathematical illiteracy in this country, and we don’t need the world’s highest IQ propagating more. Shame!

Scott Smith, Ph.D.
University of Florida

May I suggest that you obtain and refer to a standard textbook on probability before you try to answer a question of this type again?

Charles Reid, Ph.D.
University of Florida

I am sure you will receive many letters on this topic from high school and college students. Perhaps you should keep a few addresses for help with future columns.
W. Robert Smith, Ph.D.
Georgia State University

You are utterly incorrect about the game show question, and I hope this controversy will call some public attention to the serious national crisis in mathematical education. If you can admit your error, you will have contributed constructively towards the solution of a deplorable situation. How many irate mathematicians are needed to get you to change your mind?
E. Ray Bobo, Ph.D.
Georgetown University

You made a mistake, but look at the positive side. If all those Ph.D.’s were wrong, the country would be in some very serious trouble.
Everett Harman, Ph.D.
U.S. Army Research Institute

You are the goat!
Glenn Calkins
Western State College

Maybe women look at math problems differently than men.
Don Edwards
Sunriver, Oregon

The outcry was so tremendous that vos Savant was forced to devote three subsequent columns to explaining why her logic was correct. Even in the wake of her well-stated, clear responses, she continued to be berated.

 “I still think you’re wrong,” wrote one man, nearly a year later.

“There is such a thing as female logic.”

Yet, the numbers behind vos Savant’s conclusion don’t lie.

Debunking the Monty Hall Problem

Since two doors (one containing a car, and the other a goat) remain after the host opens door #3, most would assume that the probability of selecting the car is ½. This is not the case.

“The winning odds of 1/3 on the first choice can’t go up to 1/2 just because the host opens a losing door,” writes vos Savant. Indeed, if you map out six games exploring all possible outcomes, it becomes clear that switching doors results in winning two-thirds (66.6%) of the timeand keeping your original door results in winning only one-third (33.3%) of the time:

Another way to look at this is to break down every door-switching possibility. As we’ve delineated below, 6 out of the 9 possible scenarios (two-thirds) result in winning the car:

These results seem to go against our intuitive statistical impulses — so why does switching doors increase our odds of winning?

The short answer is that your initial odds of winning with door #1 (?) don’t change simply because the host reveals a goat behind door #3; instead, Hall’s action increases the odds to ? that you’ll win by switching.

Here’s another way to visualize this. Imagine that instead of three doors, Monty Hall presents you with 100 doors; behind 99 of them are goats, and behind one of them is the car. You select door #1, and your initial odds of winning the car are now 1/100:

Then, let’s suppose that Monty Hall opens 98 of the other doors, revealing a goat behind each one. Now you’re left with two choices: keep door #1, or switch to door #100:

When you select door #1, there is a 99/100 chance that the car is behind one of the other doors. The fact that Monty Hall reveals 98 goats does not change these initial odds — it merely “shifts” that 99/100 chance to door #100. You can either stick with your original 1/100 odds pick, or switch to door #100, with a much higher probability of winning the car.

Still, while the math and numbers back up vos Savant’s assertion — that the odds of winning increase to ? when you switch doors — one must consider other factors she doesn’t address in her answer.

The Psychology of Rationalization

Monty Hall, host of ‘Let’s Make a Deal’

In 1992, while the controversy over vos Savant’s answer brewed, Monty Hall — the game show host, and namesake of the problem — sat down for an interview with the New York Times.

Hall clarified that things worked a bit differently than the scenario presented by the Parade reader in vos Savant’s column. In the real show, for instance, he retained the authority to offer the contestant cash NOT to switch. Details like this, he said, altered the contestant’s mindset:

“[After I opened a door with a goat], they’d think the odds on their door had now gone up to 1 in 2, so they hated to give up the door no matter how much money I offered…The higher I got, the more [they] thought the car was behind [the other door]. I wanted to con [them] into switching there. That’s the kind of thing I can do when I’m in control of the game. You may think you have probability going for you when you follow the answer in her column, but there’s the psychological factor to consider.”

The “psychological factor” Hall mentions carries over from the show’s rules to the variation of the problem we’ve presented in this article. For contestants and problem-solvers alike, the Monty Hall Problem causes cognitive dissonance, a term psychologists use to describe the “mental stress experienced by an individual who holds two or more contradictory beliefs, ideas, or values at the same time, or is confronted by new information that conflicts with existing beliefs, ideas, or values.”

When people are confronted with evidence that is “inconsistent with their beliefs” (ie. the odds of winning by switching doors being ?, instead of ½), they first respond by refuting the information, then band together with like-minded dissenters and champion their own hard-set opinion.

This is precisely the mentality of vos Savant’s thousands of naysayers.

***


More than 25 years later, arguments over the Monty Hall Problem’s semantics and vos Savant’s response still pervade — mainly centering around the intricacies of the host’s actions. 

“Our brains are just not wired to do probability problems very well, so I’m not surprised there were mistakes,” Stanford stats professor Persi Diaconis told a reporter, years ago. “[But] the strict argument would be that the question cannot be answered without knowing the motivation of the host.”

Eventually though, many of those who’d written in to correct vos Savant’s math backpedaled and ceded that they were in error.

An exercise proposed by vos Savant to better understand the problem was soon integrated in thousands of classrooms across the nation. Computer models were built that corroborated her logic, and support for her intellect was gradually restored. Whereas only 8% of readers had previously believed her logic to be true, this number had risen to 56% by the end of 1992, writes vos Savant; among academics, 35% initial support rose to 71%.

Among the new believers was Robert Sachs, a math professor at George Mason University, who’d originally written a nasty letter to vos Savant, telling her that she “blew it,” and offering to help “explain.” After realizing that he was, in fact, incorrect, he felt compelled to send her another letter — this time, repenting his self-righteousness.

“After removing my foot from my mouth I’m now eating humble pie,” he wrote. “I vowed as penance to answer all the people who wrote to castigate me. It’s been an intense professional embarrassment.”

Source: ZeroHedge, Zachart Crockett via Priceonomics.com

The NFL And The Fans … Hint, Not Looking So Good

Posted By on September 29, 2017

According to a new POLITICO/Morning Consult poll, the National Football League is seen as more unfavorable than ever before.

“The NFL’s net favorability has dropped from 30% on September 21 to 17% on September 28,” the poll shows.

NFL RIP

Source: Politico

Copyright © 2018 The Stated Truth