May 4, 2026

Economy

Google and Facebook Create Suboceanic Digital Network for Far East

The International corporations known as Google and Facebook teamed up with a couple of regional  heavyweights (Telecom News and ET Telecom) to begin to build an undersea infrastructure connecting Singapore, Japan, Guam, the Philippines, Taiwan and Indonesia to each  other.

New Asia undersea data cable plan unveiled by Google, Facebook, Telecom News, ET Telecom

From telecom.economictimes.indiatimes.com
2021-08-16 15:35:00

Excerpt:

 

Washington: Google and Facebook on Monday unveiled plans for a new undersea internet cable connecting Singapore, Japan, Guam, the Philippines, Taiwan and Indonesia.

The cable project dubbed Apricot would be some 12,000 kilometers (nearly 7,500 miles) and be operational in 2024 subject to regulatory approvals, the companies said in separate statements.

The project announced by the US firms and regional and global partners “will deliver much-needed internet capacity, redundancy, and reliability to expand connections in the Asia-Pacific region,” said Facebook engineering manager Nico Roehrich.

“The Apricot cable is part of our ongoing effort to expand global network infrastructure and better serve the more than 3.5 billion people around the world who use our services every month,” Roehrich added.

Earlier this year the companies announced another cable project dubbed Echo connecting the United States, Singapore, Guam and Indonesia.

“The Echo and Apricot cables are complementary submarine…

 

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Fannie Mae Factors Rent Payments Into Credit

A move anounced by Fannie Mae to consider Rent Payments as a factor in assessing credit score could be an opportunity for renters to build good credit,  or just another way people who are struggling are further burdened in their effort to escape their lower state.  The mortgage giant announced plans to factor in rent payment history starting September 18th, 2021.

Fannie Mae to Add Rent Payments to Credit Evaluations

From www.mortgagenewsdaily.com
2021-08-12 07:00:00

Excerpt:

 

It has been under discussion for
what seems like forever, but Fannie Mae will begin to recognize non-reported types
of credit performance in qualifying a loan
. On September 18, it will launch a
new feature in its automated underwriting system that will incorporate
consumers’ rent payments in credit evaluations.

The process, which will require
borrower consent, will enable single-family lenders to automatically identify
recurring rent payments on an applicant’s bank statements. The company says its
new Desktop Underwriting (DU) enhancement creates new opportunities for
homeownership for qualified renters with limited credit history but a strong
rent payment history while still promoting safe and sound lending,

Only consistent rent payments will
be considered.
Any records of missed or inconsistent rent payments identified
in the bank statements will not negatively affect the applicant’s ability to
qualify for a loan sold to Fannie Mae. Rent payments that appear in the…

 

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China Pushes to Merge Machine, AI, and Industry Into One Dominant Power

PGC – In China, the fact that they are still the primary source of manufacturing in the world means they continue to have a high-volume need for lucrative labor (lucrative to the party bosses mostly).  As some of that party boss money trickled down, well, the Chinese began to expect more (and rightly so).  This has led to labor shortages but no shortage of orders.  Enter Artificial Intelligence, Drones, Robots, etc, the digital people’s workers’ army fast replacing the army that no longer wished to work under those conditions  (and rightly so).

Now, China might very well, through its urgently felt need, become the leading developer of integrating ai and manufacturing, and thus sustaining, China hopes, its primary place as the world’s manufacturing hub.  But, I’m afraid for China that such hopes might be futile as 3D Printing becomes more and more accessible to small scale operators at  higher levels of quality and durability.  Hegemony within your own lands may yet come into play as more and more humans figure out how to exist without you.

Still, Americans, really, everyone, should take note, and consider how to integrate a workforce of AI into a sustainable land of thriving and prospering for the significantly vast majority of humans that occupy these lands.  Machines can free us up from risky, physically life-destroying labor.  It can create opportunities for more and more humans to build vocations on the pursuit of understanding alone, a privilege throughout the ages that was kept from all but the very minuscule few.

Now, we live with technological circumanstances that could enable more of us to live lives of understanding through which we produce a vast array of products and services we can’t imagine beginning to understand will emerge under such conditions.  What China might wish to use to control, we in the rest of the world can use to liberate more and more people from the necessity of physically disappearing to keep a roof over your head and food on the table.

How China Is Using AI to Fuel the Next Industrial Revolution

From feedproxy.google.com
2021-08-12 05:52:56
Kai-Fu Lee
Excerpt:

 

It’s not just startups; established market leaders are also leaning into AI. EP Equipment, a manufacturer of lithium-powered warehouse forklifts founded in Hangzhou 28 years ago, has with Sinovation Ventures’ backing launched autonomous models that are able to maneuver themselves in factories and on warehouse floors. Additionally Yutong Group, a leading bus manufacturer with over 50 years’ history, already has a driverless Mini Robobus on the streets of three cities in partnership with autonomous vehicle unicorn WeRide.

Where is all this headed? I can foresee a time when robots and AI will take over the manufacturing, design, delivery and even marketing of most goods—potentially reducing costs to a small increment over the cost of materials. Robots will become self-replicating, self-repairing and even partially self-designing. Houses and apartment buildings will be designed by AI and use prefabricated modules that robots put together like toy blocks. And just-in-time autonomous public transportation, from robo-buses to robo-scooters, will take us anywhere we want to go.

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Yellen Co

Did Janet Yellen violate ethical and legal standards when she allegedly accepted money for speaking engagement from banks she is also in charge of regulating?  That’s the accusation that has been leveled at Treasury Secretary Janet Yellen by Bitcoin thought leader Bruce Fenton, who tweeted a table that showed Yellen receiving hundreds of thousands of dollars in speaking fees from major banks over a short period of time.

U.S. Treasury Secretary Janet Yellen Accused Of Banking Corruption Following Move Against DeFi Space

From bitcoinist.com
2021-08-10 14:56:50
/u/jkopas
Excerpt:

Janet Yellen has recently been accused of corruption. The U.S. Treasury Secretary was accused of accepting ‘speaking fees’ from banks. The Secretary filed an earnings limited disclosure which showed that Yellen had received millions in speaking fees from different banks. With $7.2 million in speaking fees coming from just the Citadel hedge fund and Citi Bank.

The rate at which Yellen was being paid for these speaking engagements was alarming. Which prompted Bitcoin enthusiast Bruce Fenton to point out the earnings. Fenton took to Twitter to post a screenshot of Yellen’s earnings. And highlighted amounts that were paid to the Secretary by banks.

 

Related Reading | Elon Musk Calls For Careful Consideration In New Crypto Regulation Bill

The totals showed that Yellen had received over $7 million from Citadel alone. Yellen received $450,000 from City National for just three days of speaking. Investors accuse Yellen of collecting bribes from banks in form of speaking fees in order to help them work against the DeFi space.

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Nasdaq Diversity Rules Give Investors More Tools in Proxy Fights

From news.bloomberglaw.com
2021-08-10 14:14:45

Excerpt:

The stock exchange’s rules, approved by the SEC last week, aim to push companies to get more serious about not just recruiting qualified directors from underrepresented communities, but also push stragglers to disclose why they’re falling behind.

Under Nasdaq’s rules, companies on the exchange are required to have at least one female board member and at least one who identifies as an underrepresented minority or LGBTQ—or provide statements explaining why they can’t meet the requirements. Companies also must annually disclose the gender and racial composition of their boards, as early as next year’s proxy season for some firms.

Shareholders concerned about diversity will have the data to vote against directors and offer proposals to spur diverse boards. Investors will also be able to scrutinize corporate statements about why they can’t recruit female or minority board directors. Companies will need to publish those statements on their websites or in the proxy materials they send to investors before annual meetings.

 

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Corpo-Woketarianizm  Will End Lifelong Friendships and Destroy Quality

PGC – The Corpo-Woketarianizm is a highly authoritarian, highly coercive morality code that demands that you place at the top of your sin hierachry acts of racism and bigotry and sexism and genderism.  Any act that promotes or protects the previous orthodoxy of normative should be considered first and foremost the sins that should separate you from the ones committing such unforgiveable sins.

Not only must one not commit such unpardonable sins, but to not work to find, to expose the ones that commit such sins is also a form of sin that is as bad as the sin that the now sinner failed to find and expose.  Scalps on the drawer aren’t there to brag, they’re there to send a signal to the hierarchy of moral supremacism that corpo-woketarianizm always creates.  That signal is simly this, “I am a good egg see, and pleasing you is all that consumes every part of my being, my identity, my hope.  I am yours and yours alone.”

Most humans will be unwilling to accept this diminishment of self-percieved power, so instead they will enter into the role of the burdened executioner/zealous martyr.  It is better to believe you are fulfilling a grand hope through suffering than to imagine your suffering, your diminishment, is a reflection of your real lack of power to even think for yourself, let alone dare to express yourself outside the frame of the new normative.

As this latest experiment in rule through social intimidation, continues (one almost always revenge and victim rescue based), freinds of decades, loved ones, will find themselves in the terrible position of having to choose to continue to be friends with the new pariah, risking their own status as acceptable member of the cult, or stand by their lifelong friend and go down with them.  This has already happened and more is happening.

As this spreads throughout our professional ranks, the competent and self-stewarded will find themselves either forced out or leaving while the leaving is good, and our major institutions will experience the result of building moral supremacist institutions, the rise of coercion as an increasingly acceptable means of doing business beteeen others, including your own co-workers.  It will not be, in aggregate, the most competent at executing the product or service in its lifespan to the clients that rises to the tops of these systems, it will be the ones most effective at being deceptive, at concealing, at attacking, using all the Corpowoketarainz’d weapons of war inherit in its ‘ethical’ codes.

In short, woketarian corpo-cults are set to create terrible, dangerous, unsafe products and services wherever this new ethics takes hold.

Woke, Inc: has big business hijacked politics for profits? – The Times

From www.thetimes.co.uk
2021-08-10 19:01:00

Excerpt:

When Vivek Ramaswamy turned up late for a gathering of his Indian-American extended family, he looked around for a relative he was very close to when he was growing up. But this man had deliberately left early: he and his wife, a diversity and inclusion officer with a US company, had avoided Ramaswamy because of his views. More recently Ramaswamy was on the phone to a former employee when she mentioned an article he’d written in The Wall Street Journal and began to cry. “I had such high hopes for you,” she said. “I don’t know what happened.”

It is hard, says Ramaswamy, “when someone who loves you, or loved you in some meaningful way as a colleague, as a friend, says something like that.

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.5 Trillion Political Power Bill Passes Senate

A massive new beurocratic and gov fund reality has been created after the Senate passed a massive bill called “infrastructure.”  The bill is complex, and, as the days and weeks go on, you can be sure we at The Freedomist will be writing a lot more about what Americans have just had handed to them, with no real possible way of realistically knowing if they rely on any one or few ‘news sources’ out there today.

U.S. Senate passes one of the largest infrastructure bills in recent decades

From www.kaaltv.com
2021-08-10 18:44:04

Excerpt:

Tuesday, the U.S. Senate passed one of the largest infrastructure bills in recent decades.

The plan will spread one trillion dollars across the country’s roads and waterways.

Minnesota Senators Amy Klobuchar and Tina Smith both voted to pass a large infrastructure bill in the Senate Tuesday morning.

“This is the most major investment in infrastructure that we’ve seen in our time,” Senator Amy Klobuchar said.

 

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Will American Banks Become Dependent on TikTok Gold?

TikTok has  pivoted itself  to be the defacto go-to communication tool with a significant proportion of American youth, and where the American youth are, advertisers are sure to follow.  Financial Institutions have been left behind the TikTok party, and many think it’s time for them to dive in to the TikTok gold.

While TikTok gains social and cultural private access to America’s youth, now it can build up American business dependence on the platform’s continued existence at the same time, creating dependency on a platform of war aimed squarely at the hearts of those not willing, in the end, to accept a return of priest-king governance, where charismatic leaders define the Holy and the Profane, unfettered by such things as the Bill of Rights affords a people, a right to self-determination.

Will TikTok Take Over Digital Attraction for Banks?

From readwrite.com
2021-08-09 09:00:43
Deborah Boyland
Excerpt:

 

TikTok has the potential to be a powerful marketing tool. For example, videos posted on the app can garner thousands to millions of views. For the FinTech industry, TikTok may be ideal for increasing digital attraction.
This article will explore what digital attraction for banks is, and how TikTok can be useful. By discussing the advantages of the platform, we will strive to answer the question:

A Closer Look at Digital Attraction for Banks
When discussing digital attraction, it is crucial to examine the role of the customer.

Building digital interest in products or services requires businesses to understand their audiences. Therefore, learning more about your audience is key to learning how to attract them.

Banks must approach digital attraction the way someone might approach a new relationship. A solid foundation of trust must be established first.

Digital attraction has 3 core components
Empathy: Showing a customer that there is complete understanding of their problems
Compassion: Demonstrating a high level of care for the customer’s well-being
Ease: Soothing customer worries by providing planned out solutions

 

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The Chinese Communist Party is once again showing up the DNC in efficiency after having launched a two-strike assault on the mega-corp in their midst, Alibaba.

Having observed the growing nation-state-sovereignty-challenging powers of megacorps of other lands, such as America and Europe, the CCP is now moving to hem in the growing corpostate-like powers of its own international gians, with Alibaba being tops on that list.

First they attacked them for legal violations, now, the party appears ready to allow the abuse the party long countenanced and protected to come to the surface, as Alibaba leaders are #metoo’d (can’t says that many of them don’t deserve it) out of the company in a bid that is most likely about getting out the non-party non-zealots and replacing them with CCP-approved leaders.

Rocked By Sexual Assault Allegations, Alibaba Says Working With China Police

From www.ndtv.com
2021-08-08 03:14:47

Excerpt:

 

Alibaba has already been under scrutiny from the Chinese government. (File)

Shanghai:

Chinese e-commerce giant Alibaba said on Sunday that it was cooperating with a police investigation into sexual assault allegations aired by a company employee.

A statement by Alibaba said the company also had suspended “relevant parties suspected of violating our policies and values,” asserting that it had a “zero-tolerance policy against sexual misconduct.”

An unidentified female employee made the…

 

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Will Banks Be Making Social Credit Systems Thanks to Facebook, Google?

PGC – It’s not enough to be owned by your dependence on centralized systems, these same sources of central power now want your dependence on their platforms to offer them more than merely  control through dependency on your life.  The data you produce in how you execute your dependency on these centralized systems is well-documented thanks to the mostly digital manifestations and augmentations that human action is now expressed through.

This means that Google and Facebook and Amazon know enough about you to pretty much put you in any algorthm they want to determine your worth according to a system’s design.  If your system wants to figure out whose going to live longer to offer more insurance, these guys can get you that information.

If your system wants to figure out whose the more viable money merchant, who has consistent financially ‘responsible’ behavior, these guys can tell you that as well.  Given the fact that all of these companies have agreed in whole or in part to the code of race, gender, sexuality supremacisn, it reasonable to assume that such assessments of credit worthiness won’t be merely based on your direct financial action, but your political, your religious ones as well.

The article from Bloomberg holds this up as a good heads up for Financial Institutions, to get on board the  social media data mining gravy trane where you get to assess the worth of human beings according  to their interactions on platforms that are highly regimented and exclusive in who or what they allow on their platforms in the first place.

Get in on that sacred code, banks, so you can find out more and more about the people you will soon be banning from life because of their lack of moral plum by your strictly enforced moral supremacist standards.

Central Banks Need to Regulate Big Tech’s DNA or Risk the Next Financial Crisis – Bloomberg

From www.bloomberg.com
2021-08-05 18:00:32

Excerpt:

Why should banking watchdogs worry about the consumer internet? The answer, as researchers have been warning for some time, lies in their “DNA loop,” shorthand for data, network, activity. It’s a powerful circuit, which regulators must be prepared to break if they want to stop the next financial crisis in time.

 

The original data about consumers may come from e-commerce, social media or online searches; nothing to do with money. But in an ever-expanding successful network, it becomes easy to mine disparate bits of information to map users’ repayment behavior, and set up lending operations to exploit that knowledge. User activity on payment and loan platforms generates yet more data.

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