Honestly, I wouldn't be surprised if this was an intentional back door (...) that Grindr was required to create and let foreign authorities know about in exchange for being allowed to market the app in their country.
Assuming that's true, why would they publicly expose the back door as an anonymous API endpoint that's used in a standard flow within the product? Incompetence seems much more likely.
I'm not even sure that would constitute a "back door" - it's more of an "additional front door with no lock whatsoever".
I can understand that concern. But it leaves price changes in the future open (including perhaps making it free at some point) without having to delete and upload an edited video.
For startes I do run a business, but it is irrelevant. To understand how economy works, algebra is enough.
There is nothing wrong with government providing liquidity by purchasing corporate debt and replacing lost cashflows.
A lot of corporation are so leveraged, that if they can't get the new loans to pay principles on old loans, they are in big trouble. They constantly refinancing every few years.
Market conditions are so uncertain right now, that investors don't want any of that and would like to sit on the sidelines or charge crazy interest rates.
As a result Fed stepped in and said that they are happy to participate in the market to make sure the interest rate stay low and companies have access to capital.
EXAMPLE:
Corp borrows 100 dollars to build a factory at 5% annual interest to be repaid back a year later.
Corp builds a factory and makes 7 dollars that year profit.
In the end of the year they have 2 dollars in their account ( 7 minus 5 interest). So how they supposed to pay back 100 they borrowed?
They just go borrow another 100 , pay it back to early investors and cycle repeats. This business is generating 2% return to shareholders and 5% to bond holders. Sucks to be a shareholder in this, but they are in the green.
Obviously it is way more complicated in real life but it is exactly the same principle. Access and cost to capital is what businesses needs to survive. Here is example of Tesla doing it -> https://edition.cnn.com/2020/01/31/investing/tesla-cash-crun....
The moral here is that Fed willingly just creates money out of the thing air, totally realizing that they might never get it back. If those loans blow up, they just write it off and add to the national debt for future generations to pay.
If corporation goes bankrupt, nobody is chasing CEOs to pay back their multimillion salaries funded by taxpayes. It is just cost of doing business and I am fine with it.
Can we just extend same courtesy to the rest of the citizens. As the great American philosopher said: "Corporations are people my friend"
> Hint: It's not just to give their big business friends some moolah.
I mean, sometimes it is. Thats why they bailed out banks for making loans to people who could be reasonably expected to default, but failed to bail out the homeowners who were dumb enough to believe the bank when they were said they were able to become a homeowner in America by signing some papers they didn't really understand. Regulatory capture is absolutely a factor in explaining the government's response to many financial crises.
I'm pretty sure the average Joe would be better served with a system where corporations that make poor decisions go to bankruptcy court and their assets are sold to other people in order to pay their creditors and reallocate the capital more responsibly.
in a capitalist economy, profit is supposed to be the reward for correctly estimating risk and correctly allocating capital. in a socialist economy, the government is supposed to redistribute wealth to people who don't have it. in the current system, profits are privatized and losses are socialized, at least for powerful and connected people.
If you're talking about the NY primary, it didn't have much to do with the mail, it was mostly people who were unfamiliar with the process and mixed up things like forgetting to sign it.
Patel said his campaign is looking at thousands of other votes that seem to be missing postmarks entirely—a post-office error... He sent me a photo of a box of 3,000 absentee ballots from just one part of the district that have been ruled invalid because they lack a postmark.
Personally I've heard a lot about the mail being an issue in NY.
I saw no mention of fraud, or mishandling of mail-in ballots, or absentee ballots. The crux of the short article was not on voting fraud but on the new Postmaster DeJoy's actions that are being investigated.
Sometimes, resistance to boom growth is wise.