1
submitted 13 hours ago by 000@reddthat.com to c/technology@lemmy.world

Americans are joining the Chinese social media app en masse to protest an imminent TikTok ban.

  • American users have flocked to Chinese social media platform Xiaohongshu in defiance of security warnings.
  • Chinese and American users have engaged in surprisingly friendly conversations about each other’s lives.
  • The influx of American users could burden Xiaohongshu’s censorship mechanism, experts say.
1
submitted 13 hours ago by 000@reddthat.com to c/news@lemmy.world

According to the SEC’s complaint, after Musk failed to timely file a beneficial ownership report by March 24, 2022, he purchased more than $500 million worth of Twitter common stock between March 25, 2022 and April 1, 2022. As alleged, because Musk failed to timely file a beneficial ownership report with the SEC, he was able to make these purchases of Twitter common stock at artificially low prices from the unsuspecting public, who had not yet priced in the undisclosed material information of Musk’s beneficial ownership of more than five percent of Twitter common stock and investment purpose. According to the SEC’s complaint, Musk underpaid by at least $150 million for his purchases of Twitter common stock in this period. The complaint further alleges that, due to Musk’s failure to timely file a beneficial ownership report with the SEC, investors that sold Twitter common stock between March 25, 2022 and April 1, 2022 did so at artificially low prices, thereby suffering substantial economic harm.

1
submitted 13 hours ago* (last edited 13 hours ago) by 000@reddthat.com to c/technology@lemmy.world
1
submitted 23 hours ago by 000@reddthat.com to c/technology@lemmy.world

An app from a Cambodian financial firm accused of operating the world’s “largest illicit online marketplace” could be downloaded from Google until today, and is still available on Apple.

31
submitted 1 day ago by 000@reddthat.com to c/climate@slrpnk.net

With its allies entering power in the White House and Congress, Toyota is poised to help dismantle climate policy that threatens its backward-looking business model

1
submitted 1 day ago by 000@reddthat.com to c/politics@lemmy.world

Conclusion

The dire condition and unsustainability of the U.S. government’s finances is evident from the latest forecast indicating perpetually rising deficits and debt that reach unprecedented levels over the next few years. This is happening despite the recent successful efforts by lawmakers to reduce discretionary spending in the form of the Fiscal Responsibility Act. The problem is that the largest and fastest growing part of the budget, mandatory spending, is essentially untouched by the FRA and largely off limits in the annual appropriations process. Given the poor state of the budget process and worsening debt trajectory, lawmakers should move boldly and quickly to address the issue, including via a fiscal commission process such as the one specified in recent legislation in the House and Senate.

Issues to consider in any fiscal commission should include reforms to both spending and taxes. Spending reforms will need to contain growth in mandatory spending, in particular Social Security and Medicare, which constitute a growing share of the budget and are the primary drivers of long-run deficits. The programs are unsustainable and are statutorily scheduled for a major reduction in benefits within the decade absent reforms.

Tax increases and tax reform should also be on the table. Lawmakers must keep in mind the potential long-run economic effects of various possible reforms, as the cumulative effects over time can substantially alter both standards of living as well as the sustainability of the debt reduction. Reforms that reduce tax expenditures and broaden the tax base, such as by eliminating the exclusion for employer-sponsored health insurance, generally are less economically damaging than raising further the top marginal tax rates on income. However, as demonstrated by our simulations, even large and politically unpopular tax increases will fail to put the debt trajectory on a sustainable course. Policymakers must therefore focus primarily on spending reforms in a fiscal consolidation package.

1

Court-Authorized Operation Removes PlugX Malware from Over 4,200 Infected U.S. Computers

1
submitted 1 day ago by 000@reddthat.com to c/news@lemmy.world

Today, the Consumer Financial Protection Bureau (CFPB) sued Capital One, N.A., and its parent holding company, Capital One Financial Corp., for cheating millions of consumers out of more than $2 billion in interest. The CFPB alleges that Capital One promised consumers that its flagship “360 Savings” account provided one of the nation’s “best” and “highest” interest rates, but the bank froze the interest rate at a low level while rates rose nationwide. Around the same time, Capital One created a virtually identical product, “360 Performance Savings,” that differed from 360 Savings only in that it paid out substantially more in interest—at one point more than 14 times the 360 Savings rate. Capital One did not specifically notify 360 Savings accountholders about the new product, and instead worked to keep them in the dark about these better-paying accounts. The CFPB alleges that Capital One obscured the new product from its 360 Savings accountholders and cost millions of consumers more than $2 billion in lost interest payments. The CFPB’s lawsuit seeks to stop the companies’ unlawful conduct, provide redress for harmed consumers, and impose civil money penalties, which would be paid into the CFPB’s victims relief fund.

20

Investigation to determine if Google has strategic market status in search and search advertising activities and whether these services are delivering good outcomes for people and businesses in the UK.

5
submitted 1 day ago by 000@reddthat.com to c/science@mander.xyz

A combination of intermittent fasting and administering Wnt3a proteins to a bone injury can rejuvenate bone repair in aged mice.

15
submitted 2 days ago by 000@reddthat.com to c/science@mander.xyz
41
submitted 2 days ago* (last edited 2 days ago) by 000@reddthat.com to c/piracy@lemmy.dbzer0.com

With billions of annual visits, MissAV ranks among the 60 most-visited websites on the internet. The porn site mostly caters to an Asian audience where rightsholders see the 'pirate' site as a major threat to their business. Through a legal procedure, adult entertainment company FANZA 'confiscated' the MissAV.com domain, as well as ThisAV.com. However, MissAV swiftly bounced back on a new domain.

view more: ‹ prev next ›

000

joined 6 days ago