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Donald Trump’s Plan to Hoard Billions in Bitcoin Has Economists Stumped
31 Jul

Donald Trump’s Plan to Hoard Billions in Bitcoin Has Economists Stumped

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Even if Trump were to restrict the reserve to bitcoin seized through law enforcement activity, his administration must also weigh up the opportunity cost associated with holding onto bitcoin. Whereas some assets—like bonds—generate a consistent income stream for holders, bitcoin does not, making it expensive to hold.“The question comes down to what the government would get out of the hoards of bitcoin it would be holding,” says George Selgin, director emeritus for the Center for Monetary and Financial Alternatives at the Cato Institute, a US think tank that promotes libertarian principles. Previously, the US government has periodically auctioned off the…
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A school used facial recognition tech for cafeteria payments. An internet law expert says it’s rarely worth the risk.
31 Jul

A school used facial recognition tech for cafeteria payments. An internet law expert says it’s rarely worth the risk.

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The UK's data protection regulator issued a formal reprimand to a 1,200-pupil high school in Essex, a county in southeast England, for not conducting a data protection impact assessment before installing the FRT.The assessment looks at the risks associated with processing sensitive data and establishes how to manage them.The Information Commissioner's Office said the school for kids aged 11 to 18 did not have explicit permission to process their data."Handling people's information correctly in a school canteen environment is as important as the handling of the food itself," Lynne Currie, the head of privacy innovation at the ICO, said."We've taken…
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A timeline of the twists since ‘Baby Reindeer’ was released, as Richard Gadd releases ‘explicit’ emails he claims Fiona Harvey sent him
31 Jul

A timeline of the twists since ‘Baby Reindeer’ was released, as Richard Gadd releases ‘explicit’ emails he claims Fiona Harvey sent him

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Since its release in April, Netflix's true crime drama "Baby Reindeer" has become a pop-culture phenomenon.The series was created by its lead actor, Richard Gadd, who plays a fictional version of himself called Donny Dunn. It's based on his experiences with being stalked by a woman earlier in his career, when he was trying to make it as a comedian.Buzz around the show quickly snowballed, as audiences tried to track down Dunn's stalker, Martha Scott, and his abuser, Darrien.Forensic psychologist, Dr. Ruth Tully, told Business Insider that true-crime shows like "Baby Reindeer" turn audiences into armchair detectives because the genre…
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A Robust Seed Market Creates Its Own Dilemmas In A Slower Funding Market
31 Jul

A Robust Seed Market Creates Its Own Dilemmas In A Slower Funding Market

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In the first half of 2024, U.S. seed funding reached $6.4 billion, which is flat compared to H2 2023 and down from $7 billion in H1 2023. However, through the downturn following the 2021 market peak, seed was the most robust of all the funding stages. In 2022, early- and late-stage funding fell, while seed funding grew year over year. The seed train has slowed since 2022, down from the peak years, but still well above 2020 amounts. That momentum has created concerns about where this all leads as the bar to raising Series A funding has gotten harder. According…
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I work on the world’s largest residential yacht that’s like the Four Seasons on steroids. Some guests have lived on it for over 20 years.
31 Jul

I work on the world’s largest residential yacht that’s like the Four Seasons on steroids. Some guests have lived on it for over 20 years.

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This as-told-to essay is based on a conversation with Thomas Legner, the 61-year-old general manager of The World. It has been edited for length and clarity.The World is the largest private residential yacht on earth. It's nothing like a cruise ship; it's more like a country club on the water.There are 165 apartments on the ship, and we have an average of 200 residents on board. Our youngest resident is five years old, and our oldest resident is 80.I joined the ship as the general manager in January 2014. I was previously the general manager for the Intercontinental in Vienna,…
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I’m Gen Z with baby boomer parents. They are more focused on my professional success than wanting grandchildren.
31 Jul

I’m Gen Z with baby boomer parents. They are more focused on my professional success than wanting grandchildren.

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Every parent values different things for their children. My parents want me to work hard and succeed in whatever career path I choose as long as I'm happy.Even though there is more than a 40-year age gap between me and my parents, they don't ask me about when I'm going to get married or have kids. Instead, they want me to find a good job and enjoy my young adult life. I've never felt pressured to give them grandchildren before I'm ready.They instilled a strong work ethic in me from a young ageMy parents always encouraged me to work hard…
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