For all the lofty talk about blockchains and massive computer systems so powerful they can’t be hacked, it was disclosed in an Australian court this week that Crypto.com is vulnerable to costly errors of Bulgarians with names like Dimitar or Yordanka whose Excel skills are possibly more lacking than mine.
If you’re attracted to cryptocurrencies, I’ve got an alternative asset you might want to consider.
Until this weekend, I thought that I was too dumb to understand cryptocurrency. But after reading about the $580 million hackers pilfered from Binance, the world’s biggest crypto exchange, I’m no longer convinced that I’m the moron.
If you aren’t familiar with the Binance heist, you should be.
Bloomberg today published an expose on self-driving vehicles that confirmed my worst fears and doubts about executives who champion the technology and Wall Street money managers duped by the hype.
My thoughts on GM’s illegal payment demands of U.S. military personnel, the $102.6 million a California jury has awarded the company to pay for allegedly selling faulty engines, and why newly hired “chief people officer” Arden Hoffman strikes me as someone who can inspire beleaguered employees to return to the office.
When Elon Musk says jump, Tesla and SpaceX employees ask, “How high?”
When GM CEO Mary Barra says jump, she promptly apologizes to GM employees for making such an onerous request.
Here’s why it takes a giant leap of faith to believe Barra’s claim that by mid-century she will sell more electric vehicles than Tesla.
The New York Times’ latest McKinsey expose serves as a reminder that lack of business ethics and morals once sparked outrage in America, but sadly that’s no longer the case. Therein is McKinsey’s true genius.
The Providence hospital system’s recent $22.7 million settlement with the DOJ for performing unnecessary back surgeries reaffirmed the wisdom of Dr. John Sarno, who decades ago warned that most back surgeries were unnecessary. If Sarno were alive today, the medical establishment, the legacy media, and social media censors would rally together and dismiss him as a quack spreading “misinformation.”
Regretfully, back and spine surgeries aren’t the only medical procedures patients must be wary of.
A recent New York Times expose on the Providence “nonprofit” hospital system served as yet another reminder that McKinsey consultants might not be the business geniuses they are cracked up to be, particularly in healthcare and media.
Reading up on who was behind Uber’s and other major corporate IT breaches I’ve come to appreciate the prescience of the 1984 film classic ‘Revenge of the Nerds.’
In 1964, the New York Times published what still ranks among the most damaging false stories in U.S. media history: 37 witnesses heard the screams of a bartender named Kitty Genovese being stabbed and not one of them intervened or call the police. The story sparked what became known as the “bystander effect,” a theory that held that when multiple people witness a crime or acts of wrongdoing, they are less likely to intervene than when a single witness observes a crime.
Here’s a modern-day twist on the bystander effect: When someone is accused of racism and dozens of persons know that the allegations are false, they are less likely to intervene than if only one person knows for certain.