@caseyjennings@sfba.social avatar

caseyjennings

@caseyjennings@sfba.social

Former practitioner of structured finance,
believes finance can be used for good. Hopelessly naive.

This profile is from a federated server and may be incomplete. Browse more on the original instance.

ChrisMayLA6, to Futurology
@ChrisMayLA6@zirk.us avatar

How serious have Thames Water & Southern Water been in their management of their water infrastructure?

well, not enough to actually have maps of the network(s) of pipe under their control.

Presumably to save money, they only map networks as they've work on them, leaving vast areas of the water network in their regions uncharted.

This is not serious infrastructure management but rather the response of rentiers aiming to extract maximum cash before system failure

#water #infrastructure
h/t FT

caseyjennings,
@caseyjennings@sfba.social avatar

@junesim63 @ChrisMayLA6
Unreal and also not surprising

The fact that this behavior is no longer surprising is an indictment not a feature

cstross, to random
@cstross@wandering.shop avatar

If you're interested in understanding what's wrong with corporations right now, what's driving our global capitalist omnishambles? This is an amazingly insightful (if long, and entertainment-industry focussed) deep dive into the madness of modern management theories:

https://docseuss.medium.com/the-biggest-threat-facing-your-team-whether-youre-a-game-developer-or-a-tech-founder-or-a-ceo-is-8cd1ad359508

caseyjennings,
@caseyjennings@sfba.social avatar

@ravenonthill @cstross

Good name
A bit upbeat but a good start

michelestrider, to random
@michelestrider@mastodon.social avatar

A person is in my home referring to San Francisco as "Frisco." How hard should I hit him?

caseyjennings,
@caseyjennings@sfba.social avatar

@michelestrider
very
aim for places that will hurt more -
yell at the same time "It's San Francisco - asshole" is a good one.
By the way "Oaktown " is fine.

interfluidity, to random
@interfluidity@zirk.us avatar

someone should write a mystery novel in which the murder weapon is a paintbrush and then a hose to quickly spray away a very temporary white line.

from #DavidRosenthal #DSHR https://blog.dshr.org/2024/04/elon-musk-threat-or-menace-part-4.html

"So that's all there is to Autopilot. No radar, no lidar, no GPS, no map, no geofencing, no proper driver monitoring. It just uses the camera to follow the lines. It doesn't disengage if it can't see the lines, it just keeps going."

caseyjennings,
@caseyjennings@sfba.social avatar

@interfluidity
This could be the first chapter of what might become your most famous work.... well that and the article on banks

interfluidity, to random
@interfluidity@zirk.us avatar
caseyjennings,
@caseyjennings@sfba.social avatar

@interfluidity
Interesting read - A preliminary thought. Let me suggest a different explanation - one that relies less on the Jack Welch school and more on the nature of executive compensation.

All 3 the GE alumni who ended up running Boeing (Calhoun, McNerney and Stonecipher) made most of their personal earnings at GE from rising stock prices and options granted to buy that stock. GE's method for moving the stock price up was pretty simple - cut-cost, build moats to competition and outsource low margins tasks. All of those three were at Boeing when it was #1. They couldn't become much more dominate but they could increase Boeing earnings (and their comp) by carving off lower-margin tasks .

I think the drive to increase earning (and compensation) is a better (simpler) explanation than managing a complex business with no deep historical knowledge.

But I will read your piece again, it is a good puzzle.

caseyjennings,
@caseyjennings@sfba.social avatar

@interfluidity Good points... I think the reaction to the strength of the mechanics union and the engineers at Boeing also created much of this problem... All the GE folks consistently viewed unions as the enemy - I was at GE Capital from '95 until early 200'0's. I did transactions for GE Aircraft Engines and GE... Senior mgmt consistently viewed themselves as the critical asset for GE - anyone else was just a commodity - which meant it was replaceable... see also 737-max...

caseyjennings,
@caseyjennings@sfba.social avatar

@interfluidity Where did you learn about Stonecipher ?

caseyjennings,
@caseyjennings@sfba.social avatar

@interfluidity
perfect
This is Swiftian - well done...

caseyjennings, to random
@caseyjennings@sfba.social avatar

quake berkeley

blair_fix, to random
@blair_fix@mastodon.online avatar

Critics often argue that cryptocurrencies are too speculative to be 'real' money. What they seem to miss is that lots of 'real' fiat currencies are highly speculative.

Here's how the volatility of Bitcoin and Ether compare to the exchange-rate volatility of the world's fiat currencies.

https://economicsfromthetopdown.com/2024/03/21/is-bitcoin-more-energy-intensive-than-mainstream-finance/

caseyjennings,
@caseyjennings@sfba.social avatar

@blair_fix Are you comparing all national currencies to Bitcoin of just US dollar to Bitcoin.. I think they're different - and yes the time frame matters

caseyjennings,
@caseyjennings@sfba.social avatar

@blair_fix
How are you summing - An index - a basket of some sort ? Just curious

caseyjennings,
@caseyjennings@sfba.social avatar

@blair_fix Thanks. Good answer. Does this mean that you are over-weighting the small currencies ?

caseyjennings,
@caseyjennings@sfba.social avatar

@blair_fix and by "overweighting" I mean that in your visualization a very tiny currency has the same weight as the Euro...

joshourisman, to random
@joshourisman@hachyderm.io avatar

I’m not entirely certain why there are floppy disks on this table in Hans Bethe’s house in Los Alamos, #NewMexico

caseyjennings,
@caseyjennings@sfba.social avatar

@joshourisman
We use them as drink coasters.

Jgbird, to random

Rain cleared out

caseyjennings,
@caseyjennings@sfba.social avatar

@Jgbird Is this an Allen

analogist, to random
@analogist@social.ridetrans.it avatar

Just talking to a friend and it seems like the financialization and looting of our our infrastructure is going great everyone

caseyjennings,
@caseyjennings@sfba.social avatar

@analogist Landing with a full load of fuel is not what the brakes are designed for. Good precaution by ground crew. I've been in an aircraft that did circles around an airport for 40 minutes until they had burned of enough fuel to make it safe to land. (The reason was a cargo hold door that was signaling "not closed")

caseyjennings,
@caseyjennings@sfba.social avatar

@analogist Was the flight going to Hawaii ?

caseyjennings, to random
@caseyjennings@sfba.social avatar

Random nonsense. I just witnessed a "conflict" not a fight just some angry drivers at a four way stop. One of them parked and after some greetings I asked him "Who has the right-of-way at a four way stop". With no hesitation he said whoever was going straight. I suggested maybe whoever got there first. He was insistent - nope whoever was going straight.

Is this a belief - or just BS ? It would explain some crazy ass behavior I've seen at 4 way stops - ? Comments appreciated - I'm baffled

caseyjennings,
@caseyjennings@sfba.social avatar

@cynthiarose thanks

moira, to random
@moira@mastodon.murkworks.net avatar

okay electrodons I got a weird one

Standard single-gang duplex receptacle on a 15A circuit. Upgraded to code circa 25 years ago by pros known to do good work in general. (To be clear: not me.) It's in a metal box with wiring in metal conduit back to the panel.

Stops working. No drama, just stops. Everything upstream to the box is fine; the breaker doesn't trip. All looks well, just... no power.

Remove the cover. It is immediately obvious that there is loose plastic hanging around in the box.

Pull out the fixture, discover chunks of plastic have come off the side of the receptacle. It's broken away in multiple pieces with sharp edges, not melted. No burns near the damage, no external damage.

And so I ask:

What the fuck?

#electricity

caseyjennings,
@caseyjennings@sfba.social avatar

@moira aluminum wiring or copper

caseyjennings, to random
@caseyjennings@sfba.social avatar

I just read the NYer article on British politics
https://www.newyorker.com/magazine/2024/04/01/what-have-fourteen-years-of-conservative-rule-done-to-britain

There is no mention at all of UK media. None.

It would be as if a history of US politics since 2000 ignored Fox.

Mindbending

ovid, to ai
@ovid@fosstodon.org avatar

I've noticed that when I share #AI related material ANYWHERE, I get less engagement. I sometimes get outright hostility. If I respond to AI-naysayers anywhere, I try to give detailed, thoughtful answers, always with personal experience and often with resources to back up my claims.

The hostility to generative AI is real and the outright denialism is amazing. People are regularly making bold claims that were true a year ago, but not today.

Why does opinion trump evidence?

caseyjennings,
@caseyjennings@sfba.social avatar

@ovid Perhaps because AI is a threat. AI seems to be supported by businesses that are saying they want to use AI to displace workers. To save money by laying off people. There is no guarantee that those displaced will find work and certainly no assurance that the work will pay more or be more secure than the jobs they had before being displaced by AI. It seems perfectly reasonable to view AI as a threat to workers.

caseyjennings, to ai
@caseyjennings@sfba.social avatar

Increasingly #AI is beginning to feel like Ikea furniture. It's cheap, it doesn't last real long. It's a simulacrum of real furniture but serves the market. It has helped destroy a huge number of craftspeople and artisan who built furniture. I guess the mandate of cheaper and mass distribution is now taking over some of the few remaining areas where craft and art mattered.

interfluidity, to random
@interfluidity@zirk.us avatar

think of a UBI as a universal strike fund.

caseyjennings,
@caseyjennings@sfba.social avatar

@interfluidity which partially explains why it is opposed

rolandelli, to norcal
@rolandelli@sfba.social avatar

Hey San Francisco!

So, does anyone know if there is a museum in the Bay Area that exhibits items from the 1915 Pan Pacific world fair? I have an original sculpture from there, an actual paper mache monstrous.

#sfbayarea

caseyjennings,
@caseyjennings@sfba.social avatar

@rolandelli I don't know - I walked by a few years ago and somebody was using the space but that was pre-covid...

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