1. If you turn on CNBC, you'll hear a narrative that reckless retail investors from Reddit are destabilizing the stock market by driving up prices for GameStop and other stocks.

This is BS.

Follow along if interested.

1. I'm going to go through a few issues with the NY Post article on Biden, which I won't link to, but you will probably see on Twitter today.

Follow along if interested.

2. First the information comes from a laptop that was allegedly "dropped off at a repair shop in Biden’s home state of Delaware" and never picked up.

The "shop owner," who is not identified, "couldn’t positively identify the customer as Hunter Biden"

3. The "shop owner" thinks it was Hunter Biden because of a Beau Biden sticker on the laptop.

This makes no sense. You drop off an expensive Mac laptop at a repair shop and don't leave your name or contact information?

4. But then, after claiming the shop owner couldn't identify the customer, the piece includes a receipt that was issued to "Hunter Biden" and includes an email and phone #

So why would the shop owner produce a receipt for Hunter Biden if he didn't know the ID of the customer?

5. The piece claims the shop owner then alerted the FBI to the existence of the laptop and it was later subpoenaed by a grand jury.

But the grand jury subpoena shown does not connect the laptop to Hunter Biden.

1. Today, 130+ GOP members of Congress will vote to ignore millions of voters and try to install Trump for a second term.

We reviewed thousands of FEC records to find the top corporate donors to this group.

Follow along if interested.

2. Top corporate donors to 138 Republican members of Congress voting to subvert democracy:

@ATT ($2M, 130 members)
@Comcast ($1.7M, 126 members)
@UPS ($1.5M, 121 members)
@Deloitte ($1.3M, 90 members)
@EY_US ($1.2M, 79 members)
@PwC (890K, 71

3. Top corporate donors to 138 Republican members of Congress voting to subvert democracy (con't):

@UnitedHealthGrp (749K, 73 members)
@Delta (710K, 86 members)
@KPMG (693K, 67 members)
@Walmart (679K, 111 members)
@Pfizer (610K, 74

4. Top corporate donors to 138 Republican members of Congress voting to subvert democracy (con't):

@Google (610K, 75 members)
@Amazon (598K, 104 members)
@Microsoft (505K, 83 members)
@Lowes (498K, 69 members)
@BankofAmerica (448K, 51

5. Top corporate donors to 138 Republican members of Congress voting to subvert democracy (con't):

@CapitalOne (375K, 50 members)
@WellsFargo (322K, 55 members)
@AnheuserBusch (302K, 38 members)
@bostonsci (274K, 54

1. Tucker Carlson's xenophobic, racist, and bigoted content has cost him nearly all his advertisers

It's mostly an hour of MyPillow ads and promos for other Fox shows

But Fox News doesn't care

Why?

They've rigged the game

Follow along if

2. A primary source of revenue for Fox News is PEOPLE WHO NEVER WATCH FOX NEWS.

On average cable TV subscribers pay $1.72 per month for Fox News

But only 14% watch Fox News

That means for every viewer, Fox News receives a $7.75 subsidy from

3.Every channel in a cable bundle receives a subsidy from non-viewers but Fox News' is FAR HIGHER than any other non-sports channel.

Fox News ($7.75)
CNN ($3.18)
TBS ($2.79)
FX

4. These carriage fees are Fox News' PRIMARY SOURCE OF REVENUE. In 2020, Fox News made $1.6 billion off carriage fees and $1.2 billion off advertising.

So that insulates them from advertisers leaving Tucker Carlson or any other show.

5. A substantial portion of Carlson's $10 million/year salary comes from people who find his views odious

Like Carlson's decision to use his program to advance "white replacement theory" - a racist idea explicitly cited by numerous mass

Compliance is fundamentally at odds with innovation and continuous improvement

Compliance tends to constrain operations to narrow sets of approved sequences of tasks as the means to assure the secure attainment of certain business outcomes. But at what cost ?

🧵

Operational practices have an emergent nature to them. They’re affected by people, their expertise, their relationships, their team goals, role perceptions and also member needs as humans and professionals.
In this entangled mess of variables, aspects practice-as-done are

Constantly morphed as a response to economic pressures (deadlines, business demands), workload demands (as people tend to automate or agree patterns to reduce cognitive load of tasks and become more efficient) and understanding of safety and security related barriers.

All of these tend to be fluid and non fixed. In this continuous interaction with the environment and different pressures acting on it, there are numerous opportunities for improvements which have local relevance and emerge out of local needs and interactions of elements. However

In order to do so, and to support innovation and continuous improvement the practices need to have a requisite level of variability so practitioners exercise their Fingerspitzengefühl (fingertip feel) for what works and what doesn’t, within their constraints and pressures

Piper Alpha was an originally designed as an oil producing rig in the North Sea approximately 120 miles North East of Aberdeen, Scotland. It was a fixed leg platform in water depth of 475 Feet of water. The installation sat close to 275 Feet above water to the top of the derrick.

2) It started production in December 1976 for OPCAL joint venture. OPCAL being Occidental Petroleum Caledonia, Texaco Britain, Thomson PLC, and Texas Petroleum LTD. Occidental was the majority stakeholder at 36.5%

3) Occidental being majority stakeholder took control of technical and operational duties with running and operating the rig. When oil production started in 1976 it started with a flow of 250,000 BBL/day and eventually increasing this amount to 300,000 BBL/day.

4) 300,000 BBL/day would account for approximately 10% of the UK’s oil production at the time, so needless to say it was one of the most important rigs in the area. Any gas that was flowing would be flared or consumed by gas turbine generators

5) Around 1980 there was a decision to convert the rig to also process gas along with the oil. This was a major conversion, and if it would have been scoped in from the beginning, most likely construction of the rig would have been more accommodating for gas.

"Small deals rely on promises and contracts. Big deals rely on alignment and trust."

@naval

Young, early stage founder asked for any hiring thoughts - figured worth sharing with the twitter-verse if they can be helpful.

1a) Make people do the work they are going to do for you during the interview process.

1b) People talking about work and experience is basically useless, except to evaluate whether this job "makes sense" for someone at this stage of their life - do the dots connect or not? If you can convince people to do a contract project for a month first, even better.

2) Optimize for IQ/horsepower. Talent overruns experience in like 3-6 months and never looks back. If you love someone, but they are missing a skill, you're better off getting them to learn it than hiring someone more skilled but with less upside.

3) Optimize for low drama and ease to work with, in all ways. You want people who just want to get shit done and enjoy themselves, not people who want to bring their personal drama into the workplace.

4) People who went to the best state school in the state they are from, and were overqualified for that school, tend to be undervalued and have a great low ego/high execution/high IQ ratio. They have ivy league brains with middle class values.