HNHacker News
TopNewBestAskShowJobs

marcusgarvey

1,115 karma · joined November 23, 2014

submissionscomments
marcusgarvey··on A debtors’ prison in Mississippi
Well, let's just take a closer look at Google News, shall we?

Google News has a handy feature: when you search for a topic, under the first result is an option to explore in depth, and it shows you the number of additional articles you'll find on said topic. There may be more besides, but let's take this as a reasonable proxy of media interest.

Let's assume that, for any given an event, the height of news coverage occurs the day after the event.

The march was on Oct. 10th, so we would expect "peak news" to be on Oct. 11th. I adjusted your search to focus only on Oct. 11th, and Google News's Explore in depth showed me there were 1,076 more articles about the topic. It's true: not altogether absent.

To the Ferguson riots. Wikipedia pins the start date on 8/9/14, so let's take peak news date as 8/10/14. (However, given this was a multi-day narrative, we know that news coverage did not end after 8/10/14, but continued.)

How many Explore In Depth articles does Google News tell me were available for search term Ferguson riots on 8/10/14? 13,445.

The evidence is overwhelming: the media is far more interested in the riot narrative than in the peaceful march narrative.

marcusgarvey··on Madam C.J. Walker, an early 20th-century black woman who built a hair company
What seems "stupid" is to underestimate the impact that pulling the right emotional triggers -- as this article purports Madame Walker did -- has on building a successful business.
marcusgarvey··on A debtors’ prison in Mississippi
>It's much easier for people to be principled when their self-interest is not at stake.

You are certainly right about that.

marcusgarvey··on A debtors’ prison in Mississippi
It should be noted that, for millennia, violence and destruction are considered perfectly acceptable means for accomplishing political objectives. But only when performed by state actors, of course.

IMO: the riots start out as protests. Then a minority of people choose to cause mayhem. Another minority are criminals and they do what criminals do, which is act opportunistically. And yes, agents provocateur do exist.

But sure, I can understand why people who are directly affected would prefer to have no protests at all out of fear that a riot might happen. They love order more than justice, an attitude which, ironically, has helped to create the very same conditions that people are protesting.

marcusgarvey··on A debtors’ prison in Mississippi
About a week ago, tens of thousands of black people peacefully gathered at the Washington Mall. Their reasons for coming together were not too dissimilar from the rioters of past incidents.

Nary a peep was heard out of the mainstream media about this peaceful march.

Riots, on the other hand, seem to cause the media hordes to descend and at least draw attention to the cause. It's hard to argue the fact that they are at least useful for consciousness -raising.

marcusgarvey··on RushCard Locking People Out of Accounts, Putting People on Hold
This is horrible. I'm wondering if they actually were hacked?
marcusgarvey··on Twitter Expected to Begin Layoffs and Stop Headquarters Expansion
I really do not understand what the logic is here. They already have your loyalty presumably, and it's not a high sticker price.
marcusgarvey··on Twitter Expected to Begin Layoffs and Stop Headquarters Expansion
>Companies need to have real revenue and produce real profit and then need a valuation based on sane multiples.

I wonder how many unicorns lack these criteria. Only Twitter has the discipline of public markets. If it doesn't deliver, public shareholders get burned.

If unicorns don't deliver, private investors get burned, but where do the losses go? VCs, founders, employees, as well as some family offices, banks, university endowments, pension funds...where else? And I sure am curious about the exposure of these last three groups.

marcusgarvey··on Uber finds signs linking Lyft exec to hack of its driver database
This accusation could be very damaging to the single biggest advantage Lyft seems to have over Uber -- its good-guy reputation.
marcusgarvey··on In Ben Bernanke’s Memoir, a Candid Look at Lehman Brothers’ Collapse
Fraud and gross negligence. There's evidence that banks and other players knowingly or negligently failed to do proper due diligence on the mortgages that they packaged into bonds and sold off to investors, the subsequent deterioration of which started the chain of events. http://www.economist.com/blogs/democracyinamerica/2010/10/fi...
marcusgarvey··on [dead]
In Japanese.
marcusgarvey··on West Virginia Engineer Proves to Be a David to VW's Goliath
This, plus:

-the case of the Kansas mathematician investigating election fraud

-the case of the banking expert pointing out that CalPERS and other large pension funds are being suckered by private equity

make me hopeful that we'll see a new trend of academics and specialists pointing out the fraud in the systems we take for granted.

http://cjonline.com/news/2015-04-01/wichita-state-mathematic...

http://www.nakedcapitalism.com/2015/09/the-larger-implicatio...

marcusgarvey··on The Evolving Role of News on Twitter and Facebook
As a news junkie myself, I wholeheartedly agree. Where does Hacker News fit into your equation?
marcusgarvey··on Nine of the World’s Biggest Banks Form Blockchain Partnership
>And there's a lot of weird hate towards bank on HN. I know they're not great, but it's really not helping the conversation to just say things like "woooo banks are scary!"

Well, in fairness, one of the last times a bunch of banking organizations joined forces on some shiny new innovation was MERS, the Mortgage Electronic Registration System...which facilitated the fraud that helped cause the housing crisis. --------- https://en.wikipedia.org/wiki/Mortgage_Electronic_Registrati...

http://www.ritholtz.com/blog/2013/04/states-fight-back-again...

marcusgarvey··on Was Tom Hayes Running the Biggest Financial Conspiracy in History?
I disagree. Was Hayes acting solely on his own behalf, or on theirs as well? Were these or other attempts to manipulate Libor sanctioned by UBS? From another article:

"The document [that Hayes points to] instructs Libor submitters to clear their judgements on the rate with certain named traders. Defence lawyer Neil Hawes last week suggested the traders held derivatives positions dependent on Libor."

http://www.risk.net/operational-risk-and-regulation/news/241...

marcusgarvey··on Was Tom Hayes Running the Biggest Financial Conspiracy in History?
You guessed it. Hayes actually submitted as evidence a UBS instruction manual on rigging the rate. http://www.bloomberg.com/news/articles/2015-06-18/ubs-gave-o...
marcusgarvey··on 37 rental cars – 2 days – 185,000 miles earned
It's called "bullshit jobs." https://libcom.org/library/phenomenon-bullshit-jobs-david-gr...
marcusgarvey··on M, a personal digital assistant inside Facebook Messenger
Provided that they could also see the long-term business case for it -- do you find that surprising?
marcusgarvey··on Structured Procrastination: Do Less, Deceive Yourself, and Succeed Long-Term
I've found the Getting Things Done method of putting only the "next physical action" on your to-do list to be very helpful. "Write a Masters Thesis" sounds much less daunting when you focus on the NPA which might be something as non-threatening as, "Go to the store and buy index cards."
marcusgarvey··on M, a personal digital assistant inside Facebook Messenger
Facebook's answer to Magic?
marcusgarvey··on Krugman: Debt Is Good
>Taking on debt to pay for billion dollar websites (pick a number, anything north of low 10^6 is obscene), stupid wars, nation building and, to lump it all together, government waste, is not just wrong, it's dumb and irresponsible. Plug the leaks first before borrowing money to buy more water.

Hear, hear. How can we get rid of the stupid decisions that are so easily taken with Other People's Money?

marcusgarvey··on Twitter Falls Below IPO Price as Concerns Mount Over CEO, Growth
Twitter has been a go-to for celebs and the powerful. The entertainment / fashion celebs are adopting Instagram in a huge way. Right now it's easy to have Insta. auto-post to Twitter, but it doesn't speak well of Tw growth. If other types of influential people follow suit, that will be another headache for Twitter.
marcusgarvey··on July 2015 was warmest month ever recorded
Thanks for the thoughtful comment. As for this point: >I think in the next few years we'll see rapid change as solar panels and batteries become cheap enough to compete with traditional energy on their own terms.

I'm unsure how the recent slide in oil prices is effecting the comparative competitiveness of fossils vs. renewables. Not helpful, I imagine.

marcusgarvey··on July 2015 was warmest month ever recorded
For those who believe that climate change is real, and a significant threat to our longevity on this planet, would you please view / read this and share your thoughts?

http://therealnews.com/t2/index.php?option=com_content&task=...

I don't believe defeatism is helpful, but I got a very Prince "Party Like It's 1999" feeling after consuming this. What should we do? If we pull all the fossil fuels out of our economy tomorrow, everything will crash. Not to mention that there is zero political will to even contemplate this. So what should we do?

marcusgarvey··on This Is My Racism
>Young black males in recent years were at a far greater risk of being shot dead by police than their white counterparts – 21 times greater i, according to a ProPublica analysis of federally collected data on fatal police shootings.

The 1,217 deadly police shootings from 2010 to 2012 captured in the federal data show that blacks, age 15 to 19, were killed at a rate of 31.17 per million, while just 1.47 per million white males in that age range died at the hands of police.

One way of appreciating that stark disparity, ProPublica's analysis shows, is to calculate how many more whites over those three years would have had to have been killed for them to have been at equal risk. The number is jarring – 185, more than one per week.

ProPublica's risk analysis on young males killed by police certainly seems to support what has been an article of faith in the African American community for decades: Blacks are being killed at disturbing rates when set against the rest of the American population.

Our examination involved detailed accounts of more than 12,000 police homicides stretching from 1980 to 2012 contained in the FBI's Supplementary Homicide Report. The data, annually self-reported by hundreds of police departments across the country, confirms some assumptions, runs counter to others, and adds nuance to a wide range of questions about the use of deadly police force.

Colin Loftin, University at Albany professor and co-director of the Violence Research Group, said the FBI data is a minimum count of homicides by police, and that it is impossible to precisely measure what puts people at risk of homicide by police without more and better records. Still, what the data shows about the race of victims and officers, and the circumstances of killings, are "certainly relevant," Loftin said.

"No question, there are all kinds of racial disparities across our criminal justice system," he said. "This is one example."

http://www.propublica.org/article/deadly-force-in-black-and-...

marcusgarvey··on This Is My Racism
Even if the cost of moving into the neighborhood went up, the white homeowners surely also benefited from higher home equity values which they can borrow against; realized gains from selling the homes -- for them and for their heirs; better public school systems; better public facilities.

So, no I don't think the subsidy argument falls apart.

marcusgarvey··on This Is My Racism
I think the point is that there was a de facto subsidy of segregated white neighborhoods in the first instance.
marcusgarvey··on This Is My Racism
>If the majority of people in this country were really racist, we wouldn't have people of color in pretty much every position of power and occupation..including the presidency.

Funny. I take the exact same anecdotes and conclude, "Wow, black Americans are pretty resilient."

>Federal troops withdrew from the South in 1877. The dream of Reconstruction died. For the next century, political violence was visited upon blacks wantonly, with special treatment meted out toward black people of ambition. Black schools and churches were burned to the ground. Black voters and the political candidates who attempted to rally them were intimidated, and some were murdered. At the end of World War I, black veterans returning to their homes were assaulted for daring to wear the American uniform. The demobilization of soldiers after the war, which put white and black veterans into competition for scarce jobs, produced the Red Summer of 1919: a succession of racist pogroms against dozens of cities ranging from Longview, Texas, to Chicago to Washington, D.C. Organized white violence against blacks continued into the 1920s—in 1921 a white mob leveled Tulsa’s “Black Wall Street,” and in 1923 another one razed the black town of Rosewood, Florida—and virtually no one was punished.

>Having been enslaved for 250 years, black people were not left to their own devices. They were terrorized. In the Deep South, a second slavery ruled. In the North, legislatures, mayors, civic associations, banks, and citizens all colluded to pin black people into ghettos, where they were overcrowded, overcharged, and undereducated. Businesses discriminated against them, awarding them the worst jobs and the worst wages. Police brutalized them in the streets. And the notion that black lives, black bodies, and black wealth were rightful targets remained deeply rooted in the broader society. Now we have half-stepped away from our long centuries of despoilment, promising, “Never again.” But still we are haunted. It is as though we have run up a credit-card bill and, having pledged to charge no more, remain befuddled that the balance does not disappear. The effects of that balance, interest accruing daily, are all around us.

[1] http://www.theatlantic.com/features/archive/2014/05/the-case...

marcusgarvey··on This Is My Racism
http://www.theguardian.com/us-news/video/2014/nov/26/clevela...

http://www.theguardian.com/world/video/2014/sep/25/ohio-shoo...

https://www.youtube.com/watch?v=Azy3OBLXX-g&feature=youtu.be

marcusgarvey··on This Is My Racism
>My point is simply that living in a segregated society from early on, and the early whispered conversations about Black people as a “they”, set in motion a force very much like compound interest.

Ta-Nehisi Coates' landmark Atlantic article, The Case for Reparations [1], helps explain how this segregated society came to be:

> The American real-estate industry believed segregation to be a moral principle. As late as 1950, the National Association of Real Estate Boards’ code of ethics warned that “a Realtor should never be instrumental in introducing into a neighborhood … any race or nationality, or any individuals whose presence will clearly be detrimental to property values.” A 1943 brochure specified that such potential undesirables might include madams, bootleggers, gangsters—and “a colored man of means who was giving his children a college education and thought they were entitled to live among whites.”

The federal government concurred. It was the Home Owners’ Loan Corporation, not a private trade association, that pioneered the practice of redlining, selectively granting loans and insisting that any property it insured be covered by a restrictive covenant—a clause in the deed forbidding the sale of the property to anyone other than whites. Millions of dollars flowed from tax coffers into segregated white neighborhoods.

“For perhaps the first time, the federal government embraced the discriminatory attitudes of the marketplace,” the historian Kenneth T. Jackson wrote in his 1985 book, Crabgrass Frontier, a history of suburbanization. “Previously, prejudices were personalized and individualized; FHA exhorted segregation and enshrined it as public policy. Whole areas of cities were declared ineligible for loan guarantees.” Redlining was not officially outlawed until 1968, by the Fair Housing Act. By then the damage was done—and reports of redlining by banks have continued.

The federal government is premised on equal fealty from all its citizens, who in return are to receive equal treatment. But as late as the mid-20th century, this bargain was not granted to black people, who repeatedly paid a higher price for citizenship and received less in return. Plunder had been the essential feature of slavery, of the society described by Calhoun. But practically a full century after the end of the Civil War and the abolition of slavery, the plunder—quiet, systemic, submerged—continued even amidst the aims and achievements of New Deal liberals.

[1] http://www.theatlantic.com/features/archive/2014/05/the-case...

← PreviousPage 6 of 9Next →