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WorkBreaking Down OnlyFans' Stunning Economics -- MatthewBall.coThough a private company, Fenix International (“OnlyFans”) is a UK company and therefore required to publicly disclose certain information pertaining to its business and operations. And while these disclosures are limited, they reveal enough about the OnlyFan’s revenues, profits, scale, defensibility, reach, and impact to say that it is probably the most successful UK company founded since DeepMind in 2010, and the most significant media platform founded since TikTok (via Musical.ly in 2014), and dedicated creator economy platform… ever Work
WorkMusic industry's 1990s hard drives, like all HDDs, are dyingOne of the things enterprise storage and destruction company Iron Mountain does is handle the archiving of the media industry's vaults. What it has been seeing lately should be a wake-up call: roughly one-fifth of the hard disk drives dating to the 1990s it was sent are entirely unreadable. Work
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WorkWorkCan the world stop a massive oil spill in the middle of a war zone?Since it was attacked by Houthi rebels in Yemen three weeks ago, a tanker carrying roughly 1 million barrels of crude oil has been immobilized and on fire in the Red Sea. The MV Sounion is still intact, but may not be for long, and should it sink it could lead to one of the largest oil spills in history, nearly four times bigger than the Exxon Valdez disaster of 1989. This would have massive environmental and economic impacts on a region already beleaguered by war, and imperil the livelihoods and safe drinking water of millions of people. Efforts will likely soon be underway to salvage the vessel, but it’s a high-risk operation in an active conflict zone, and success is far from guaranteed.
WorkSqueaky-clean Europe is more corrupt than you think - The Economist (No paywall)“IT WAS RETRO style,” laughs Ruta Kaziliunaite, the co-ordinator of Lithuania’s Special Investigation Service (STT), the country’s anti-corruption police. Last November the former leader of the Liberal Movement party was convicted of taking bribes from an executive at MG Baltic, a trading and real-estate conglomerate. It was not a matter of hidden transfers to shell companies, but of old-fashioned wads of cash: the STT found €242,000 ($269,000) stashed in the MP’s house and car. (Both men are appealing.) Work WorkWorkThe 'godmother of AI' just raised $230 million for her AI startupLi joined the government’s Artificial Intelligence Safety and Security Board in April, where she and dozens of other industry leaders will advise the Department of Homeland Security on preventing harm while implementing AI in critical infrastructure such as the power grid and transportation. WorkWorkWorkThe Mortal American Dream of Alberto Castaeda AcoOnce, long ago, he had been an amateur boxer in Mexico, dubbed “Campeon” by those who saw him spar professional fighters. But children came, three daughters, two sons, and the aspirations of a champion gave way to practicality. WorkWorkWorkBiden Is No Longer Front and Center -- and It's Liberating to HimOn Tuesday night, while 67 million Americans watched Vice President Kamala Harris and former President Donald Trump debate on their television screens (and likely millions more on phones and tablets), Biden spent the evening in a hotel suite at the JW Marriott Essex House in New York City, just a one-minute drive from Trump Tower. Earlier, he had attended a birthday party for his granddaughter, Finnegan, at Campagnola, a restaurant that says it specializes in “country-style Italian dining.” WorkThe Debate Over Debates Is Over, at Least for NowIt’s also an inversion of the usual dynamics in which the candidate who struggled onstage, or is behind in the polls, demands a rematch. Ms. Harris was widely viewed as putting Mr. Trump on the defensive throughout their clash, baiting him with talk about people leaving his rallies and the inheritance he received from his father. WorkDonald Trump Prepares to Unveil a Cryptocurrency BusinessWorld Liberty Financial is Mr. Trump’s latest effort to ingratiate himself with the crypto industry. On the campaign trail, he has vowed to end a crackdown on the industry by the U.S. government, which has pushed for stricter regulations on digital currencies. In July, Mr. Trump spoke at the annual Bitcoin conference in Nashville, one of the largest crypto gatherings of the year, promising to make the United States “the crypto capital of the planet.” WorkEuropeans Used Cocaine Much Earlier Than Previously Thought, Study Finds“We have evidence of coca leaves being used thousands of years ago,” said Christine VanPool, an anthropologist at the University of Missouri. No one knows exactly how or when coca reached Europeans. But Dr. VanPool believes that Spanish colonizers in South America may have been attracted to cocaine’s analgesic properties. WorkWorkWorkRedefining American StyleDesigners are putting their positions, not their hearts, on their sleeves, and it is happening not on the fringes but in the labels that seem increasingly core to the identity of New York fashion itself. And they are showcasing their statements in the monuments of the establishment — not just at 30 Rock but on Wall Street, courtesy of Willy Chavarria and City Hall, thanks to Who Decides War, which held its show almost next door. WorkEU complaint urges action on confusing in-game currenciesThe use of premium currencies purchased with real money has been controversial, especially around young players. In 2022, Epic was hit by a record FTC fine, in part for making it possible for children to purchase Fortnite's V-Bucks in-game currency without parental consent until 2018. The regulator said that Epic ignored more than a million user complaints and employee concerns over wrongful charges. WorkBriton and Americans among 37 given death sentence over DRC coup attemptA spokesperson for the UK’s Foreign, Commonwealth and Development Office said: “We are providing consular assistance to a British man detained in DRC and are in contact with the local authorities. “We have made representations about the use of the death penalty to the DRC at the highest levels, and we will continue to do so.” WorkWorkBlinken accuses RT of being worldwide Kremlin intelligence networkAs a result of RT’s efforts to “weaponise disinformation”, Blinken said, the US, UK and Canada would launch a “joint diplomatic campaign … to rally allies and partners around the world to join us in addressing the threat posed by RT and other machinery of Russian disinformation and covert influence”. WorkWorkWorkWorkWorkWorkWorkWorkWorkDelaware bankruptcy court says Yellow owes pensions, stock drops 90%He also upheld an agreement inked between Yellow and Teamsters funds in New York and Western Pennsylvania. Yellow reentered those funds in 2013 under a deal in which it would contribute just 25% of the usual rate, but it would repay any withdrawal liabilities assuming a 100% contribution rate if it withdrew. WorkRead Putin's Warning to NATO on Ukraine's Use of Long-Range WeaponsPresident Putin: What we are seeing is an attempt to substitute notions. Because this is not a question of whether the Kyiv regime is allowed or not allowed to strike targets on Russian territory. It is already carrying out strikes using unmanned aerial vehicles and other means. But using Western-made long-range precision weapons is a completely different story. WorkEarlier Investigation of School Shooting Suspect Ended Too Soon, Experts Say“If I had subpoena power, which law enforcement officers do, with a very high degree of confidence I would be able to identify who the author of those threats was,” said Paul Raffile, a cyber-intelligence analyst who has collaborated with law enforcement agencies on investigating sexual extortion cases and other internet scams. WorkNo Criminal Charges Expected in Aftermath of Maui WildfireResidents on the hillside more than a mile above the town’s waterfront reported seeing fire emerge next to a downed power line in the morning and start to spread in the same area in the afternoon, but the U.S. Bureau of Alcohol, Tobacco, Firearms and Explosives has yet to release a final determination. WorkWorkCalifornia Drug Clinic Operator Convicted in $3 Million Kickback SchemeTreatment facility operators may pay a group like a marketer or advertiser to promote their services to patients. But the Eliminating Kickbacks in Recovery Act of 2018 prevents the operators from paying body brokers kickbacks based on how much revenue the patients they referred brought in, as Mr. Mahoney did, according to the indictment. WorkSentence for Paramedic Convicted in Elijah McClain's Death Reduced to Probation“After considering the evidence, a statewide grand jury indicted Cichuniec, and a jury of his peers found him guilty of his criminal acts that led to the death of Elijah McClain,” the Colorado Attorney General’s Office said in a statement. “We are disappointed the court reduced his sentence today, but we respect the court’s decision.” WorkTrump Pledges to Start Migrant Deportations in Ohio and ColoradoSince the debate, Springfield has been at the center of a maelstrom. This week, bomb threats have led to the evacuation of city hall and multiple schools. But Mr. Trump on Friday dismissed the danger that his rhetoric might be posing to the city’s residents. “No, no,” he said. “The real threat is what’s happening at our border.” |
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