Imagine this. Thereās some bank selling $100 in debt fron 10 people whoās credit score indicates that only 50% of them will pay. Would anyone buy that debt for $100? No, they would pay $40 and try to make a $10 profit. Then again thereās always a chance no one pays and their venture isnāt profitable. Any profit made is the reward for taking this risk.
The fact that a vulture fund can buy your mortgage for pennies, then kick you out of your house after youāve possibly paid tens of thousands coz they technically own it now is the only evidence you need that capitalism is fundamentally broken.
Same for all kinds of debts too. Vulture funds can get them for pennies, then chase you for the full amount. Just the fact this shit is legal is fucking disgusting. The simple fact that a loan you must pay off with interest can be snapped up for pennies by someone else is fucking disgusting.
Iād love to see a defence from the capitalist shills for āI paid a few bucks for this, now you owe me thousands.ā
Starting in the 1990s, 45 college-aged men, who all seemingly fit the profile of being popular, athletic, and good students, have been found to have accidentally drowned in bodies of water, usually after leaving a bar or a party, over a stretch of 11 states. However, New York City police detectives Kevin Gannon and Anthony Duarte recently theorized that the deaths are actually connected and could possibly be orchestrated by a group of killers. What caused them to believe this is the fact that a smiley face graffiti was spotted near each location where victims have been found. This led to the caseās nickname the Smiley Face Killings.Ā
Corporations can protect themselves from hostile takeovers from any situation where someone comes into possession of a large quantity of shares, but this doesnāt preclude them from owning those shares they may just not get board seats / influence
Bird Scooter tried to censor my Boing Boing post with a legal threat that's so stupid, it's a whole new kind of wrong
Last month, I published a post discussing the mountains of abandoned Bird Scooters piling up in city impound lots, and the rise of $30 Chinese conversion kits that let you buy a scooter at auction, swap out the motherboard, and turn it into a personal scooter, untethered from the Bird company.
In response, Bird sent us a legal threat of such absurdity that we are publishing it in full, along with a scorching response from the Electronic Frontier Foundation, as a kind of celebration of truly world-class legal foolishness.
In Birdās legal threat, they imply that by linking to a forum in which the existence of conversion kits was under discussion, I had violated the anti-trafficking clauses of Section 1201 of the Digital Millennium Copyright Act, the 1998 law that limits the dissemination of ācircumvention toolsā that bypass access controls for copyrighted works ā for example, tools that let you extract the video from an encrypted DVD.
First of all, talking about a place where people are talking about circumvention isnāt circumvention or illegal ātraffickingā in circumvention technology. The US Copyright Office ā which oversees the DMCA ā publishes a report every three years in which they extensively discuss the existence of circumvention methods. Itās just not illegal to talk about circumvention technology.
But the hits keep on coming: the conversion kits that I wrote about arenāt even circumvention devices. The DMCA prohibits bypassing Ā technological measures that effectively control access to copyrighted works, and prohibits trafficking in those technologies or technologies that bypass technological measures that prevent infringement. The conversion kits donāt bypass a locked bootloader to access or alter the firmware on a Bird Scooter. You get the kit, remove some screws, and put in the new logic board. If motherboard swaps were circumvention, then selling someone a screwdriver could be an offense punishable by a five year prison sentence and a $500,000 fine. Obviously, itās not.
Weāve been doing this for decades, and every year, the number of baseless legal threats from corporations that donāt like being criticized goes up. Thin-skinned corporations have always been with us, but the media has never been more vulnerable: cash strapped, underinsured, and easy to frighten.
We donāt back down. We arenāt rich and we arenāt powerful, but we know our rights (attentive readers will know that Iāve pledged myself to killing Section 1201 of the DMCA ā youād be hard pressed to find someone harder to bullshit about DMCA 1201). Weāve got good friends: the Electronic Frontier Foundation has our back.
Did you get a nastygram like this from Bird? Tell us about it. Thereās strength in numbers.