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How The Metaverse Is Making Money

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How The Metaverse Is Making Money

Statista’s Advertising & Media Markets Insights estimates that worldwide metaverse revenue will stand at $490 billion in 2030

Infographic: How the Metaverse is Making Money | Statista

You will find more infographics at Statista

As Statista’s Katharina Buchholz notes, this is a comparatively conservative forecast. Other analyst companies assume a market volume of between approximately 750 and 1,700 billion U.S. dollars.

For the Statista outlook, the term metaverse is defined as a virtual world or a collection of virtual worlds that exist in a common digital space and that users can access over the internet. 

Metaverses include applications of virtual reality, augmented reality and other immersive technologies.

The biggest revenue drivers for metaverses are e-commerce and gaming. In addition, metaverses also offer new opportunities for revenue creation in the segments of education, entertainment, health and fitness and even telecommuting.

Metaverse e-commerce sales alone could grow to more than $200 billion by 2030 from currently just around $20 billion. Gaming is expected to grow even more, from just around $10 billion as of now to around $163 billion in 2030.

The next biggest applications for metaverse revenue are health & fitness, workplace and education.

Statista’s Metaverse Market Report provides more information and data on the subject.

Tyler Durden
Sat, 02/18/2023 – 18:00

US Ends Search For 2 Airborne Objects Recently Shot Down Over Alaska And Lake Huron

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US Ends Search For 2 Airborne Objects Recently Shot Down Over Alaska And Lake Huron

Authored by Mimi Ngyuen Ly via The Epoch Times (emphasis ours),

The U.S. Northern Command said Friday it recommended to conclude searches for two unidentified objects that were shot down in U.S. airspace earlier this month.

Defense Secretary Lloyd Austin concurred with the recommendation, the command said in a statement.

One of the unidentified objects was shot down on Feb. 10 over U.S. waters off the northern coast of Alaska, near Deadhouse. Another was shot down on Feb. 12 over Michigan’s Lake Huron.

The objects are two of the four flying objects separately shot down over North American airspace earlier this month. They are also two of the three objects that remain unidentified.

Search operations for the two objects have “discovered no debris,” according to the command. The searches were conducted by the U.S. military, federal agencies, and Canadian partners. They used “a variety of capabilities, including airborne imagery and sensors, surface sensors and inspections, and subsurface scans,” the command stated.

Artic conditions and sea ice instability informed decisions to conclude search operations” in Deadhorse, the statement reads.

Meanwhile, according to the statement, multiple days of searches and subsurface scans failed to find any debris from the flying object that was shot down on Lake Huron.

At the same time, Canada’s Royal Canadian Mounted Police (RCMP) separately announced that “a decision was reached to suspend the search due to several factors including deteriorating weather and the low probability of recovery.”

Remaining Debris of Chinese Spy Balloon Sent to FBI

The U.S. Northern Command and RCMP also issued updates on developments regarding the other two flying objects.

Read more here…

Tyler Durden
Sat, 02/18/2023 – 17:30

Beleaguered Los Angeles Port Pins Hopes On 2nd-Half Rebound

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Beleaguered Los Angeles Port Pins Hopes On 2nd-Half Rebound

By Greg Miller of FreightWaves,

Containerized imports to the Port of Los Angeles in January followed the same pattern as in neighboring Long Beach: up versus December but down year on year and down versus pre-COVID levels.

It looks like it will get worse in Los Angeles before it gets better. 

During a news conference on Thursday, Port of Los Angeles Executive Director Gene Seroka predicted “a significant volume decline” in February, with more canceled sailings in the weeks and months ahead and “a softer market heading into the second quarter.”

However, Seroka does expect volumes to improve in the second half, with a return to a more traditional peak-season import pattern. “While last year we saw strong volumes in the first six months, 2023 is shaping up to be more robust in the back half of the year,” he said.

Still no labor deal

Seven and a half months after the West Coast port labor contract expired on July 1, 2022, there’s still no deal. Seroka once again acknowledged the lack of a deal is affecting imports and pushing cargo to East and Gulf Coast ports and conceded “some of that cargo may be lost for good.”

“There is still trepidation,” Seroka said. “There are many transportation managers who couldn’t go back to the boss for a third straight year and say, ‘I got our cargo stuck in the jaws of congestion out in California.’ To meet the criticism and to meet the conjecture that’s out there, we’ve got to get this collective bargaining agreement done and remove that from the discussion.”

Seroka had previously predicted a new West Coast port labor contract in the February-March time frame. He sounded less confident about that Thursday.

“With respect to timing, we’re now at the outer edges of what historically has been the [longest period] of negotiations between these two sides,” he said. “It may not get done in February or March, but I’m still pretty confident that we’ll see some real progress in the springtime.”

‘Mini-bump’ in January

The Port of Los Angeles reported total throughput of 726,014 twenty-foot equivalent units, down 16% year on year (y/y). 

Imports came in at 372,040 TEUs, down 13% y/y. Exports totaled 102,723 TEUs, up 3% y/y. Empty containers totaled 251,251 TEUs, down 26% y/y.

On a positive note, Los Angeles’ January imports were up 6% compared to December. That “mini-bump” can be attributed to “cargo owners who pushed their product here ahead of the Lunar New Year holidays,” said Seroka.

West Coast vs. East Coast

The unprecedented COVID-era import surge was in full swing at this time in 2022, meaning that y/y comparisons at U.S. ports are down.

Long Beach’s imports plunged 32% y/y in January, a much steeper fall than in Los Angeles. On the East Coast, January imports to Savannah were down 16% y/y, with imports to Charleston, South Carolina, down 7%.

In contrast, Long Beach did even better in January versus December than Los Angeles, with imports up 9% sequentially. Charleston’s January imports were up 4% versus the month before, while Savannah’s pulled back by 3%.

The big divide between the East and West coasts can be seen in comparisons to the pre-pandemic period. While Los Angeles was down 10% and Long Beach was down 15% compared to January 2020, Savannah’s imports were up 12% over the same time frame and Charleston’s were up 20%.

(Chart: American Shipper based on port data)

Seroka maintained that the shift from the West Coast to the East Coast is not all about recent labor issues.

“Let’s be clear. This cargo shift isn’t new. It started more than 20 years ago,” he said. “Since 2002, the West Coast share of the trans-Pacific trade has declined from 80% to 56%. Right here at home in San Pedro Bay, the share of import volume has dropped from 50% of our nation’s boxes down to 33%.

“Cargo owners and decision makers tell us we’re too expensive, overregulated and have complicated labor issues. Meanwhile, East and Gulf Coast ports have hired leadership aligned with policymakers and they partner together state to state with elected officials going to D.C. to get money for infrastructure projects.

“Between 2010 and 2020, we got left behind on federal investment here along the West Coast. East and Gulf Coast ports received more than $11 billion compared to just over $1.2 billion invested in West Coast ports during that 10-year span. And the early take on the bipartisan infrastructure bill: two projects for the West Coast compared to more than 30 for the East and Gulf coast ports.”

Tyler Durden
Sat, 02/18/2023 – 17:00

It’s True What They Say About the NYT

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It’s True What They Say About the NYT

Authored by Patrick Maines via RealClear Wire,

In 1972, National Review magazine published a content analysis titled “Is it true what they say about the New York Times?”

The analysis and conclusion reached in that study was an unwelcome shock to many of the conservative magazine’s subscribers, as it held that the Times was editorially balanced in its news pages, in contrast to its editorial pages. NR founder William F. Buckley Jr. took a lot of heat from his supporters, as did the co-authors of the study. Not surprisingly, NYT Executive Editor Abe Rosenthal loved it and bought hundreds of copies of the issue.

Five decades later, in early January this year, another study was published that comes to a very different conclusion about the objectivity of the legacy media, particularly the New York Times. The subject of this inquiry was news coverage of “Russiagate.”

This examination, undertaken by Jeff Gerth, a decorated investigative journalist formerly with the Times, was published by Columbia Journalism Review. It’s a tour de force! Having taken a year and a half to research and write, and at a length of 24,000 words in four installments, Gerth utterly destroys whatever is left of the lie that Trump was in league with the Russians, and of the extraordinary lengths the media went to spread that smear.

Taken as a whole, this series strikes me as the most important media criticism in my lifetime. For one thing, Gerth mentions a number of media outlets by name rather than referring to them in the collective as “the media.” This kind of specificity is rarely found, especially in news stories about poll or survey results regarding the media.

But that is nothing compared to the fact that the news organization that is front and center in Gerth’s piece is the New York Times. The Times, and to a lesser extent the Washington Post, is to U.S. journalism what magnetic north is to compasses – the needle always points in their direction.

Broadcasters and other newspapers take their cues from them, especially regarding national and international issues. This partly explains why you rarely see stories on television you haven’t seen in the two papers, especially the Times. If the whole of the news industry were considered a single company, the New York Times would be the CEO of that company.

And then there is the shock of Columbia Journalism Review as the publisher. This small circulation magazine, published by the Columbia Journalism School, operates at the heart of the media establishment. More than this, both CJR and the journalism school have many ties with the Times. The current chairman of CJR, for instance, was until recently the deputy managing editor of the Times.

That CJR’s editor/publisher, Kyle Pope, would agree to publish such a study elevates him to a kind of hero status that few editors or publishers have attained. Pope’s contribution to the piece extends beyond his courage in publishing it. It includes his editor’s note, kicking off the series, part of which seems especially brave and wise:

No narrative did more to shape Trump’s relations with the press than Russiagate. The story, which included the Steele dossier and the Mueller report among other totemic moments, resulted in Pulitzer Prizes as well as embarrassing retractions and damaged careers. For Trump, the press’s pursuit of the Russia story convinced him that any sort of normal relationship with the press was impossible.

Ultimately, this study could prove to be a seminal document in recovering journalism’s lost soul. So far, only a few brave dissidents – reporter Matt Taibbi, podcaster Walter Kirn, and RealClearInvestigations’ editor Tom Kuntz, and a handful of others – have been willing to challenge the prevailing, and factually problematic, Russiagate narrative. Kirn says it is his hope that the Times is working on a mea culpa response to the CJR piece, like the Times’ published about its own Iraq coverage. Taibbi believes this is wishful thinking.

And given that neither the Washington Post nor the Times have publicly addressed the gaping hole Gerth’s reporting has torn in their credibility – and the muted reaction of most of the rest of the corporate media to Gerth’s exposé, we seem to have entered a new era. In today’s brave new journalism world, objectivity and even truth have been abandoned in favor of a journalism that simply reflects whatever political or ideological narrative is prevalent at the time.

*  *  *

Patrick Maines is the president emeritus of The Media Institute, a Washington-based think tank that in his time aggressively promoted free speech and journalistic excellence. He engineered the creation of an independent national celebration called Free Speech Week, now in its 20th year. 

Tyler Durden
Sat, 02/18/2023 – 16:30

Donald Trump Plans To Visit Ohio Town Of Toxic Train Derailment

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Donald Trump Plans To Visit Ohio Town Of Toxic Train Derailment

Former President Donald Trump will visit East Palestine, Ohio, next week, tweeted his son, Donald Trump Jr. 

“Breaking News: Trump will visit East Palestine, Ohio next week.

“If our “leaders” are too afraid to actually lead real leaders will step up and fill the void,” Donald Trump Jr. tweeted. 

The former president’s planned visit comes as the Biden administration, Ohio state officials, and many mainstream media outlets have downplayed the environmental disaster in the small blue-collar town after a train hauling toxic chemicals derailed two weeks ago. 

The botched response by the federal government, for instance, rejecting Federal Emergency Management Agency (FEMA) assistance early this week to only U-turn last night, shows the awful response effort by the Biden administration. 

Trump wants to capitalize on what Legal Insurrection states, “Ohio’s toxic train derailment is Biden’s Katrina.” 

President Biden has barely mentioned the East Palestine chemical disaster. It took Secretary of Transportation Pete Buttigieg nearly a week to respond publicly to the incident while reports of residents getting sick from the fumes flared up after a controlled burn of toxic chemical vinyl chloride. 

Trump is taking advantage of Biden’s response failure to civic catastrophe. We call this the ‘Katrina play’ as the former president will rile up his base next week about how lousy the Biden administration has been in assisting blue-collar Americans.

If this works, Trump might score political points ahead of the 2024 presidential election cycle. Americans just want answers about the chemical disaster that the government and media have kept so many in the dark. 

Tyler Durden
Sat, 02/18/2023 – 16:00

Retail Sector Faces More Downside From Struggling Consumers

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Retail Sector Faces More Downside From Struggling Consumers

Authored by Simon White, Bloomberg macro strategist,

Retail stocks are exposed to tighter credit and consumers facing rising non-discretionary costs. Their expected underperfomance also makes them a candidate as a portfolio hedge for an increasingly likely equity-market correction.

(Nominal) retail sales were released this week, with January showing an improvement on December’s data. However, this should not detract from the strong downward trend leading indicators anticipate for retail consumption.

As the Fed’s rate hikes increasingly bite, credit conditions are tightening. A key demand support for consumption comes from consumer credit. But banks are tightening lending conditions across the board, from company loans to consumer credit. Fewer banks are willing to make consumer loans, which points to much weaker retail sales through this year.

Consumers are also having to tighten their belts. Inflation has ensured the cost of virtually all goods and services has risen over the past two years. Wages are not keeping pace with price rises, and certain essential outlays, such as rent and mortgage payments, cannot be readily cut.

Therefore discretionary consumption, which retail sales mainly captures, suffers.

My self-explanatory (but not catchily titled) Consumer Non-Retail Essentials Index shows that retail sales are going to face continued headwinds this year from consumer retrenchment.

The index is a little off its highs (brown line in the chart above; NB it is reversed), but the costs of essential services remains very high, and this will continue to force consumers to prioritize their spending.

This leaves retail stocks exposed. Retail is one of the most cyclical sectors, and as growth continues to weaken (as multiple leading indicators point towards), the sector will face increasing resistance.

After being one of the best sectors year-to-date thus far, retail is likely to soon begin underperforming as it becomes apparent discretionary consumption will weaken more.

Tyler Durden
Sat, 02/18/2023 – 15:00

How To Resist CBDCs – 5 Ways You Can Opt Out Of This Dystopian Future

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How To Resist CBDCs – 5 Ways You Can Opt Out Of This Dystopian Future

Authored by Nick Giambruno via InternationalMan.com,

There’s an excellent chance governments worldwide will soon force their citizens to use central bank digital currencies (CBDCs).

CBDCs enable all sorts of horrible, totalitarian things.

They allow governments to track and control every penny you earn, save, and spend. They are a powerful tool for politicians to confiscate and redistribute wealth as they see fit.

CBDCs will make it possible for central banks to impose deeply negative interest rates, which are really just a euphemism for a tax on saving money.

Governments could program CBDCs to have an expiration date—like some airline frequent flyer miles—forcing people to spend them, for example, before the end of the month when they’d become worthless.

CBDCs will enable devious social engineering by allowing governments to punish and reward people in ways they previously couldn’t.

Suppose governments impose lockdowns again for flu season, so-called “climate change,” or whatever pretext they find convenient. CBDCs could be programmed to only work in a geographic area. For example, your payments could be denied if you travel more than a mile from your home during a lockdown.

Suppose the people in charge want to encourage people to take a pharmaceutical product. With CBDCs, they could easily deposit money into the accounts of those who complied and deduct it from those who didn’t.

Undoubtedly, CBDCs will be paired with a sort of social credit system. Such a system is already in place in China today. In the West, it’s likely to come in a different flavor. Perhaps CBDCs will be paired with an ESG score.

Did you commit a thought crime on social media? Or perhaps you read too many politically incorrect articles online? Did you exceed your monthly meat consumption allowance? Then expect some financial punishment thanks to the CBDCs.

CBDCs are, without a doubt, an instrument of enslavement. They represent a quantum leap backward in human freedom.

Unfortunately, they’re coming soon.

Governments will probably mandate CBDCs as a “solution” when the next real or contrived crisis hits—which is likely not far off.

That’s the bad news.

The good news is that CBDCs are destined to fail.

Despite all the hype, CBDCs are nothing but the same fiat currency scam on steroids.

It’s doubtful CBDCs can save otherwise fundamentally unsound currencies—as I believe all fiat currencies are.

If the current fiat system is not viable, then CBDCs are even less viable as they enable the government to engage in even more currency debasement.

Would a CBDC have saved the Zimbabwe dollar, the Venezuelan bolivar, the Argentine peso, or the Lebanese lira?

I don’t think so. And a CBDC won’t save the US dollar or the euro either.

But that doesn’t mean governments won’t try implementing CBDCs… with immensely destructive consequences for many people.

While I believe CBDCs will inevitably self-destruct, nobody knows how long it will take for that to happen. Communism was also destined to self-destruct, but it took generations. I don’t think it will take nearly that long for CBDCs to fail, but that’s just my guess.

Therefore, the big question everyone should be asking is this… 

What will you do when the government forces everyone to use CBDCs?

I believe it’s incumbent on free individuals to reject CBDCs. It will be challenging, but the reward—maintaining your sovereignty—will be priceless.

Below I discuss five ways you can do just that.

It’s important to remember the wise words of Ron Paul:

“What none of them (politicians) will admit is that the market is more powerful than the central banks and all the economic planners put together. Although it may take time, the market always wins.”

No matter what edicts, decrees, or laws that politicians pass, they will never be able to fully extinguish the desire of people to use alternatives to CBDCs. That cracks the door open to other options.

For example, consider that Venezuela, Zimbabwe, Argentina, Lebanon, and many other countries restrict the use of US dollars today. However, all that does is create a thriving black market—or, more accurately, a free market—for US dollars and a parallel financial system.

We can expect the same kind of dynamic if governments impose CBDCs. I have no doubt significant parallel systems and underground markets will naturally emerge.

Anyone who wants to avoid CBDC enslavement must learn to swim in those waters.

Below are five steps anyone can take to opt out of this dystopia.

Step #1: Use Physical Gold and Silver

Avoiding CBDCs means using alternative forms of money.

Although people use money every day, few consider what it actually is or what makes for a good money.

Asking people, “what is money?” is like asking a fish, “what is water?”

The fish probably doesn’t even notice the water unless it becomes polluted or something is wrong.

Money is a good, just like any other in an economy. And it isn’t a complex notion to grasp. It doesn’t require you to understand convoluted math formulas and complicated theories—as the gatekeepers in academia, media, and government mislead many folks into believing.

Understanding money is intuitive and straightforward. Money is simply something useful for storing and exchanging value. That’s it.

Think of money as a claim on human time. It’s like stored life or energy.

Unfortunately, today most of humanity thoughtlessly accepts whatever their government gives them as money. However, money does not need to come from the government. That’s a total misnomer that the average person has been hoodwinked into believing.

It would be similar to transporting yourself back in time and asking the average person in the Soviet Union, “Where do shoes come from?”

They would say, “Well, the government makes the shoes. Where else could they come from? Who else could make the shoes?”

It’s the same mentality here regarding money today—except it’s much more widespread.

The truth is money doesn’t need to come from the government any more than shoes do.

People have used stones, glass beads, salt, cattle, seashells, gold, silver, and other commodities as money at different times.

However, for over 2,500 years, gold has been mankind’s most enduring form of money.

Gold didn’t become money by accident or because some politicians decreed it. Instead, it became money because countless individuals throughout history and across many different civilizations subjectively came to the same conclusion: gold is money.

It resulted from a market process of people looking for the best way to store and exchange value.

So, why did they go to gold? What makes gold attractive as money?

Here’s why.

Gold has a set of unique characteristics that make it suitable as money.

Gold is durable, divisible, consistent, convenient, scarce, and most importantly, the “hardest” of all physical commodities. In other words, gold is “hard to produce” relative to existing stockpiles and is the one physical commodity most resistant to inflation of its supply. That’s what gives gold its monetary properties.

Anyone can opt-out of CBDCs by using physical gold and silver to store and exchange value.

Physical gold is optimal for long-term savings and large transactions. The best way to do that is with widely recognized gold bullion coins, like the Canadian Gold Maple Leaf or the American Gold Eagle.

However, gold coins are generally inconvenient to use for small transactions. Silver coins are more practical here.

Step #2: Obtain Financial Sovereignty With Bitcoin

CBDCs and Bitcoin share some characteristics. For example, they are both digital and facilitate fast payments from a mobile phone. But that is where the similarities end.

The reality is that CBDCs and Bitcoin are entirely different in the most fundamental ways.

You need the government’s permission and blessing to use a CBDC, whereas Bitcoin is permissionless.

Governments can (and will) create as many CBDC currency units as they want. With Bitcoin, there can never be more than 21 million, and there is nothing anyone can do to inflate the supply more than the predetermined amount in the protocol.

CBDCs are centralized. Bitcoin is decentralized.

Governments can censor transactions and freeze and confiscate CBDC units. Bitcoin is censorship-resistant. No country’s laws can affect the protocol.

There is no privacy with CBDCs. However, if you take specific steps with Bitcoin, it is possible to maintain reasonable privacy.

CBDCs are government money that are easy to produce and give politicians a terrifying amount of control over people’s lives. On the other hand, Bitcoin is non-state hard money that helps liberate individuals from government control.

Bitcoin enables anyone to be their own bank. Bitcoin allows you to send and receive value from anyone anywhere without relying on third parties.

If you avoid CBDCs, that will almost certainly mean avoiding the traditional financial system.

Knowing how to use Bitcoin in the most sovereign way possible will be essential.

Step #3: Get Organized Locally

Get to know the people in your local community.

If you avoid CBDCs, many of the conveniences of society will become unavailable.

You will probably be unable to shop at Walmart and large stores of any kind, as they will all be roped into the CBDC system.

You will have to become self-sufficient and rely on your local community to obtain what you need. And that starts with knowing who can provide you with the things you want and need.

The Amish are incredibly successful in this regard.

I am not saying you must go 100% Amish to avoid CBDCs. But we can learn how their societies work outside the traditional system and emulate the areas that make sense in our local communities.

Step #4: Exchange Value for Value

Humans invented money to solve the difficulties of barter.

But with CBDCs, governments will have perverted money from a technology that facilities economic exchange into a tool of enslavement. With CBDCs, barter doesn’t look all that bad.

The key is understanding what value you can provide to others in your local community and how you can exchange that for something you want.

That might mean performing some landscaping work for your dentist in exchange for getting a cavity filled or washing the car of your butcher in exchange for some ground beef.

Step #5: Become a Prepper

To minimize the inconvenience of barter, it’s ideal to become as self-sufficient in as many areas as possible. That includes stockpiling supplies and gaining survival knowledge and skills.

If you already have what you need—or can produce it yourself—that reduces the need to get it from others.

Conclusion

Unfortunately, CBDCs—and all the terrible things that go along with them—are probably coming soon.

To summarize, here are five steps anyone can take to opt-out of this terrible system.

  • Step #1: Use Physical Gold and Silver

  • Step #2: Obtain Financial Sovereignty With Bitcoin

  • Step #3: Get Organized Locally

  • Step #4: Exchange Value for Value

  • Step #5: Become a Prepper

*  *  *

The economic trajectory is troubling. Unfortunately, there’s little any individual can practically do to change the course of these trends in motion. The best you can and should do is to stay informed so that you can protect yourself in the best way possible, and even profit from the situation. That’s precisely why bestselling author Doug Casey and his colleagues just released an urgent new PDF report that explains what could come next and what you can do about it. Click here to download it now.

Tyler Durden
Sat, 02/18/2023 – 14:30

“Real Dick Move”: Apple Has Allegedly Fired Contractors As Tech Layoff Wave Worsens

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“Real Dick Move”: Apple Has Allegedly Fired Contractors As Tech Layoff Wave Worsens

The tech sector layoffs continue. Tech giants such as Amazon, Google, Meta, and Microsoft have fired tens of thousands of workers. Now there’s word that Apple has quietly reduced its headcount of ‘contractors,’ according to NYPost, citing people with direct knowledge. 

NYPost said Apple fired hundreds of contractors last week. These workers are employed by outside companies but work alongside Apple employees on projects. It appears Apple is reducing headcount as the macroeconomic environment remains challenging. 

Here’s what one of the NYPost’s sources said:

Instead of waiting for contracts that are typically renewed every 12 to 15 months to expire, Apple is firing contractors outright, sources said. One contractor claimed to have been blindsided, saying Apple management had assured him that all jobs were safe. Only a few weeks earlier, some had been gloating that Apple hadn’t overhired like other tech companies, the source added.

The news comes after 1,045 tech companies last year fired 161,000 employees in 2022. So far this year, 380 companies have fired 108,000 workers, according to the jobs tracking website Layoffs.fyi

Despite all the layoffs, technology-heavy Nasdaq had one of its best months in the last two decades. 

We pointed out tech layoffs are accelerating through the first quarter. Here are the latest tech layoffs over the last 12 months. 

Meanwhile, Apple CEO Tim Cook recently said layoffs are a “last resort kind of thing.” But sources said the firing of contractors is not firing employees. This means Apple doesn’t have to pay severance or face potential litigation from ex-employees. 

Here’s what people are saying on the anonymous job website Blind about Apple’s move to axe contractors:

“Gotta say it’s a real dick move to cancel a contract BEFORE it’s expiration date. They can’t afford to wait a couple months? What’s even the point of taking a job-insecure contract with Apple if they can’t guarantee you’ll actually stay for the duration of the contract, performance problems excluded?” one person said. 

“I’ve been offered contract positions at apple and they were never more than what a FTE makes, usually $180k and you get worse benefits from the agency. Maybe it was org specific?” someone else said. 

Another said: “Still not layoff, contractors are meant to be short term. They know what they are getting into.” 

This person said: “I know, the real layoffs will be later.” 

… and it’s only a matter of time before Apple trims the real fat. 

Tyler Durden
Sat, 02/18/2023 – 14:00

Western Media Declares Earthquake Devastation A ‘Boon’ For Syrian President

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Western Media Declares Earthquake Devastation A ‘Boon’ For Syrian President

Via The Cradle,

Since a 7.7 magnitude earthquake hit Turkey and Syria on 6 February, killing over 40,000 thousand people and leaving millions homeless, western media has placed a disproportionate emphasis on how the government in Damascus will presumably use the crisis to “rehabilitate” its image on the international stage.

With headlines ranging from “Syria’s Assad Uses Disaster Diplomacy to Inch Back Onto World Stage” to “Bashar al-Assad does not want to let a calamity go to waste,” western media outlets have joined hands in making claims that the devastating quake is somehow beneficial for the Syrian government.

Via TRT World

“A powerful earthquake last week catapulted Syria’s authoritarian president, Bashar al-Assad, into the global spotlight, creating an opportunity for him to inch further back onto the international stage through disaster diplomacy,” writes Declan Walsh for the New York Times (NYT), before lamenting how the Syrian leader “received a steady flow of sympathy, aid, and attention from other countries.”

“A tragedy for Syrians is a boon for Assad because nobody else wants to manage this mess,” an analyst at the International Institute for Strategic Studies in London told the NYT.

Similarly, Washington Post writer Ishaan Tharoor warns that “natural sympathy for the Syrian plight may lead to a regime once ostracized by much of the international community coming out of the cold” before citing members of US and UK-based think tanks who claim Bashar al-Assad is “exploiting” the catastrophe to “rehabilitate his image.”

The Economist posits that the choice between helping Syrians or leaving them to continue suffering from the effects of western sanctions is a “horrible dilemma.”

“Western governments are loth to channel money to Mr. Assad to help him rebuild; they are also anxious to avoid blocking that rebuilding entirely. In working out how to help the people living amid the devastation of Syria while not rehabilitating a blood-soaked regime, there are no easy answers,” the historically pro-war outlet concludes.

The editorial line adopted by these and several other western outlets is indistinguishable from the official stance of the US government.

When asked last week why the White House wasn’t contacting Damascus or considering lifting sanctions, State Department spokesman Ned Price brushed off the suggestions and said that “it would be quite ironic, if not even counterproductive, for us to reach out to a government that has brutalized its people.”

But days later, Washington had to relent and offer a 180-day sanctions waiver to allow humanitarian assistance to enter Syria. Despite being forced to do this, US officials continue to allege crushing sanctions have had “no effect” on the civilian population of Syria.

“As you saw, we did execute a general license a week ago that will allow even more humanitarian assistance to flow, not that the humanitarian assistance wasn’t flowing already, even with the sanctions in place. When people are dying, and when people are in need, the United States will answer that need,” National Security Council coordinator John Kirby said on 16 February.

Despite these claims, countless reports have shown that sanctions negatively affect all vital sectors of Syria’s economy, from medicine to education, energy, communications, agriculture, and industry. On top of this, Washington’s military occupation of Syria has crippled the nation’s economy and undermined its ability to respond to major natural disasters.

Tyler Durden
Sat, 02/18/2023 – 13:30

Don Lemon’s Co-Hosts “Stormed Off The Set” After His Comments About Nikki Haley Being Past Her Prime

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Don Lemon’s Co-Hosts “Stormed Off The Set” After His Comments About Nikki Haley Being Past Her Prime

For those that haven’t witnessed the latest deep thoughts to emerge out of the brain of CNN’s recently demoted Don Lemon, look no further than this past week. The 57 year old Lemon was widely criticized late last week after he said that Presidential candidate Nikki Haley was “past her prime” because she was in her 50s. 

The comments have reportedly led to the next stage in a rift between Lemon and his co-hosts – who reportedly weren’t getting along to begin with – wherein they “stormed off the set” after his brilliant commentary, according to the Daily Mail

Poppy Harlow and Kaitlan Collins reportedly both took a “well timed bathroom break” after Lemon’s comments, before coming back to finish the show. 

The Mail wrote that “the comments were the last straw in an already deteriorating relationship between the news professionals, with Collins and Harlow increasingly fed up with Lemon’s behavior since coming on board.”

Despite the comments, CNN’s Chris Licht doesn’t seem keen on letting Lemon go from the network just yet. One source told the Mail:

‘Licht isn’t doing anything about it,’ the source told the paper, adding that the trio’s relationship had already ‘been smoldering for months’ amid a series of eye-brow raising incidents involving the longtime anchor.

Another person familiar with the matter offered valuable insight to how Licht, who has struggled to right the sinking CNN ship since being brought on last February, might react to the highly publicized ordeal. 

“People say stupid things. And that if it’s a trend then there’s recourse,” Licht reportedly said at a staff meeting. 

“Nikki Haley isn’t in her prime, sorry. A woman is considered to be in her prime in her 20s and 30s and maybe 40s,” Lemon said in a broadcast early last week. When his morning show co-host, Poppy Harlow, pushed back on the claim, Lemon told her and the CNN audience to “Google it”. 

The comments sparked outrage from sources across the political spectrum, including the likes NPR, who referred to the comments as “sexist”. 

The incident appears to us to be the final swirl of Don Lemon’s TV career down the toilet, following the likes of Chris Cuomo and Brian Stelter. 

Recall, back in September 2022 we wrote about Lemon’s obvious demotion from primetime to mornings on CNN. At the time, he said: “For all those who are out there saying, ‘Oh, he moved me and without my —,’ he asked me and I said yes. I could have said no. This is my show, I have a contract for this show, I decided I would take him up on that and take this journey with him. This is not someone moving me.”

Lemon exclaimed back in September: “I was not demoted. None of that. This is an opportunity. This is a promotion. This is an opportunity for me to create something around me and I get to work with two great ladies [Poppy Harlow and Kaitlan Collins] who you know.”

How’s that working out now, Don?

Tyler Durden
Sat, 02/18/2023 – 13:00