Boy, that sure was some crisis
Wall Street banks in $70bn staff payout
Pay and bonus deals equivalent to 10% of US government bail-out package
Imagine if we had not had the bailout bill! The Wall Street types who shit the worldwide bed might have missed their outlandish compensation! One shudders to think.
But we’re safe now; at least until their bonuses come due next year, when we’ll have to have another emergency to make sure they get paid.
But while the uproar has swayed much of the public to Johansson's defense at a time when #genAI is increasingly under scrutiny, this may not quite be an open-and-shut case should she decide to sue . Read the breakdown from @M_F_Rose in her latest article:
The release of @OpenAI's new digital assistant "Sky" stirred controversy after actress Scarlett Johansson alleged that the company had infringed on her rights by using a soundalike voice of hers after she'd declined to voice it herself.
Just saw @MargotSusca fantastic interview with @adamconover about the death of local news at the hands of hedge funds. https://www.youtube.com/watch?v=N21YfWy0-bA A theme I have written about *a lot*. Like this blog post from 2018: https://wetmachine.com/tales-of-the-sausage-factory/we-need-to-fix-the-news-media-not-just-social-media-part-i/ This has been a long time in the making.
I wrote yesterday on the terrifying escalation of antisemitism in Canada, citing events just over past week. Now there is more: last night a firebomb attempt at a Vancouver synagogue. Daily antisemitic incidents is who we are now.
https://www.jewishvancouver.com/important-community-updates-may-20-2024
https://x.com/mgeist/status/1796233336203194446
From the referenced article in The Guardian:
“At one point last week the Morgan Stanley $10.7bn pay pot for the year to date was greater than the entire stock market value of the business. In effect, staff, on receiving their remuneration, could club together and buy the bank.”