@teddydowney.bsky.social
Reposted
Excellent @ddayen.bsky.social here
From the people who brought you the financial crisis, Theranos, and Juicero: say hello to data center financial engineering!
I'm pretty nervous about this ending badly, but everyone's dug in because AI is the only pulse in the economy.
prospect.org/2025/11/19/a...
I'm pretty nervous about this ending badly, but everyone's dug in because AI is the only pulse in the economy.
prospect.org/2025/11/19/a...
The AI Bubble Is Bigger Than You Think - The American Prospect
It’s not just OpenAI that looks overhyped. There’s a whole mountain of sketchy financial engineering underneath.
prospect.org
November 19, 2025 at 3:02 PM
Excellent @ddayen.bsky.social here
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Great investigation here into UnitedHealth.
Turns out it has 2,694 subsidiaries! And about 20% of its gross revenue comes from companies it also owns.
Co-pub with @dorajfacundo.bsky.social and Patrick Rucker at @capitolforum.bsky.social:
prospect.org/health/2025-...
Turns out it has 2,694 subsidiaries! And about 20% of its gross revenue comes from companies it also owns.
Co-pub with @dorajfacundo.bsky.social and Patrick Rucker at @capitolforum.bsky.social:
prospect.org/health/2025-...
UnitedHealth Has 2,694 Subsidiaries and Affiliates. Is It Too Big to Manage?
This behemoth conglomerate might just be too monstrous for its own good.
prospect.org
July 16, 2025 at 2:09 PM
Great investigation here into UnitedHealth.
Turns out it has 2,694 subsidiaries! And about 20% of its gross revenue comes from companies it also owns.
Co-pub with @dorajfacundo.bsky.social and Patrick Rucker at @capitolforum.bsky.social:
prospect.org/health/2025-...
Turns out it has 2,694 subsidiaries! And about 20% of its gross revenue comes from companies it also owns.
Co-pub with @dorajfacundo.bsky.social and Patrick Rucker at @capitolforum.bsky.social:
prospect.org/health/2025-...
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In some ways the US and German economies have swapped place.
The US economy is now hobbled by extreme policy uncertainty, and a waning exorbitant privilege of the USD.
And germany is stoking the fires of domestic demand, and markets are set to flock to Bunds as a key safe asset.
The US economy is now hobbled by extreme policy uncertainty, and a waning exorbitant privilege of the USD.
And germany is stoking the fires of domestic demand, and markets are set to flock to Bunds as a key safe asset.
March 10, 2025 at 5:57 PM
In some ways the US and German economies have swapped place.
The US economy is now hobbled by extreme policy uncertainty, and a waning exorbitant privilege of the USD.
And germany is stoking the fires of domestic demand, and markets are set to flock to Bunds as a key safe asset.
The US economy is now hobbled by extreme policy uncertainty, and a waning exorbitant privilege of the USD.
And germany is stoking the fires of domestic demand, and markets are set to flock to Bunds as a key safe asset.
Reposted
In partnership with FGS Global, join us on April 2nd for a unique virtual event featuring the biggest names in antitrust and competition:
March 26, 2025 at 8:32 PM
In partnership with FGS Global, join us on April 2nd for a unique virtual event featuring the biggest names in antitrust and competition:
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Summary judgment just posted v Meta’s Bob Dylan defense. “Steal a little and they throw you in jail / Steal a lot and they make you king.” - Bob Dylan
“There is no dispute Meta torrented a minimum of 267.4 terabytes of works from known pirated databases to further its GenAI efforts.”
“There is no dispute Meta torrented a minimum of 267.4 terabytes of works from known pirated databases to further its GenAI efforts.”
March 20, 2025 at 3:09 AM
Summary judgment just posted v Meta’s Bob Dylan defense. “Steal a little and they throw you in jail / Steal a lot and they make you king.” - Bob Dylan
“There is no dispute Meta torrented a minimum of 267.4 terabytes of works from known pirated databases to further its GenAI efforts.”
“There is no dispute Meta torrented a minimum of 267.4 terabytes of works from known pirated databases to further its GenAI efforts.”
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Usually I just do a snarky "read @theprospect.bsky.social, get the news first," but this section in the @nytimes.com's story on the CFPB's staying power actually is totally ripped from me without credit, a month after I broke the news.
(NYT left, my story on the right, link below)
(NYT left, my story on the right, link below)
March 17, 2025 at 5:53 AM
Usually I just do a snarky "read @theprospect.bsky.social, get the news first," but this section in the @nytimes.com's story on the CFPB's staying power actually is totally ripped from me without credit, a month after I broke the news.
(NYT left, my story on the right, link below)
(NYT left, my story on the right, link below)
Reposted
Terrific Moe Tkacik piece on Brad Smith, one of the under-the-radar implementers of DOGE, whose previous "government efficiency" gig was eventually proven to be a $10 billion waste of money designed mainly to bring a bunch of unnecessary middlemen into health care:
prospect.org/health/2025-...
prospect.org/health/2025-...
The DOGE Czar’s Plan to Loot Medicare
Elon Musk’s coup plotters cut their teeth at an obscure Obamacare agency that burned $10 billion testing bogus cost savings initiatives.
prospect.org
February 14, 2025 at 2:32 PM
Terrific Moe Tkacik piece on Brad Smith, one of the under-the-radar implementers of DOGE, whose previous "government efficiency" gig was eventually proven to be a $10 billion waste of money designed mainly to bring a bunch of unnecessary middlemen into health care:
prospect.org/health/2025-...
prospect.org/health/2025-...
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Introducing our first round of speakers for the 2025 DCN Next Summit! These digital strategists, tech innovators& business leaders from a variety of companies will convene at our Summit to share their unique insights about where our industry is heading events.digitalcontentnext.org/2025-next-su...
February 14, 2025 at 1:45 PM
Introducing our first round of speakers for the 2025 DCN Next Summit! These digital strategists, tech innovators& business leaders from a variety of companies will convene at our Summit to share their unique insights about where our industry is heading events.digitalcontentnext.org/2025-next-su...
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Kash Patel told Steve Bannon that I was "an enemy of the Republican Party" because I "always find a way to win."
December 4, 2024 at 6:56 PM
Kash Patel told Steve Bannon that I was "an enemy of the Republican Party" because I "always find a way to win."
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November was the first month since we started 404 Media where we went over 1 million pageviews. I don't think about traffic nearly as much as I used to but it's a big milestone for us and indicates people are reading and sharing our work. We had gotten close a few times but first time we went over
December 2, 2024 at 8:00 PM
November was the first month since we started 404 Media where we went over 1 million pageviews. I don't think about traffic nearly as much as I used to but it's a big milestone for us and indicates people are reading and sharing our work. We had gotten close a few times but first time we went over
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I'm a proud subscriber - this is an essential news source, throw it some money!
For this time of year, we're doing a 25% discount on 404 Media
- ad-free access to all articles, most of which are paywalled
- bonus articles every week
- bonus podcast stuff every week
- growing archive of FOIA training
- supporting unique journalism
www.404media.co/cyber2024
- ad-free access to all articles, most of which are paywalled
- bonus articles every week
- bonus podcast stuff every week
- growing archive of FOIA training
- supporting unique journalism
www.404media.co/cyber2024
404 Media
404 Media is a new independent media company founded by technology journalists Jason Koebler, Emanuel Maiberg, Samantha Cole, and Joseph Cox.
www.404media.co
December 2, 2024 at 4:09 PM
I'm a proud subscriber - this is an essential news source, throw it some money!
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A new episode of Organized Money is out!
We talked to Rep. Chris Deluzio (D-PA) about how he won a swing district in western Pennsylvania on the theme of supporting working people and attacking monopolies.
open.substack.com/pub/organize...
We talked to Rep. Chris Deluzio (D-PA) about how he won a swing district in western Pennsylvania on the theme of supporting working people and attacking monopolies.
open.substack.com/pub/organize...
Episode #10: The Democratic Party and Corporate Power with Rep. Chris DeLuzio
We went to Capitol Hill to talk with the congressman from Pennsylvania's 17th district about why he outran Kamala Harris in a swing seat.
open.substack.com
November 26, 2024 at 1:00 PM
A new episode of Organized Money is out!
We talked to Rep. Chris Deluzio (D-PA) about how he won a swing district in western Pennsylvania on the theme of supporting working people and attacking monopolies.
open.substack.com/pub/organize...
We talked to Rep. Chris Deluzio (D-PA) about how he won a swing district in western Pennsylvania on the theme of supporting working people and attacking monopolies.
open.substack.com/pub/organize...
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New from 404 Media: the cryptocurrency Tether has become a *massive* money laundering tool for Mexican drug cartels, according to multiple court cases we dug through. The currency so heavily linked to drugs that the price of Tether in Mexico has gone down www.404media.co/tether-has-b...
Tether Has Become a Massive Money Laundering Tool for Mexican Drug Traffickers, Feds Say
Tether is being used on a massive scale by large scale drug traffickers, to the point where Tether is sold cheaper in Mexico due to its links to drugs, according to court records reviewed by 404 Media...
www.404media.co
November 25, 2024 at 2:03 PM
New from 404 Media: the cryptocurrency Tether has become a *massive* money laundering tool for Mexican drug cartels, according to multiple court cases we dug through. The currency so heavily linked to drugs that the price of Tether in Mexico has gone down www.404media.co/tether-has-b...
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"No matter how you wanted to polish the turd, there was the appearance of no-bid contracts.": former Microsoft consultant on the company's White House Offer. By Renee Dudley @propublica.org
www.propublica.org/article/micr...
www.propublica.org/article/micr...
Biden Asked Microsoft to “Raise the Bar on Cybersecurity.” He May Have Helped Create an Illegal Monopoly.
When the White House welcomed Microsoft’s offer of $150 million in tech services, it helped the world’s largest software provider tighten its grip on federal business and freeze out competitors.
www.propublica.org
November 18, 2024 at 12:25 PM
"No matter how you wanted to polish the turd, there was the appearance of no-bid contracts.": former Microsoft consultant on the company's White House Offer. By Renee Dudley @propublica.org
www.propublica.org/article/micr...
www.propublica.org/article/micr...