BC BUSINESS
Saved by @SteveeRogerr

The early Disney company had several near-death experiences, some due to exogenous shocks and some self-inflicted (bad labor practices, weird technology choices), and all through it, a power struggle between "Roy people" (finance) and "Walt people" (tech/art).

1/

 After WWII, the company was transformed, with Roy ascendant and financial discipline the order of the day. Walt - who struggled with depression - sought desperately for an escape from the company.

2/
He came up with plans to outfit a train with traveling exhibits that he would drive around the country, putting thousands of miles between him and his brother.

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Another plan called for Walt to build an ambitious model train system and transform his role in the company to showing people around his trains.

4/
In 1953, Walt came up with the plan that stuck: a park called "Disneyland" that would be his own fiefdom, a commercial project that would justify the kinds of R&D and experimentation that Walt doted on and Roy looked on as high-risk, potentially ruinous follies.

5/
There was only one problem: Roy wouldn't authorize the company to bankroll it, so Walt had to fly to New York (far from his brother) to court the Wall Street banks and ask them to foot the bill.

6/
Walt worked with legendary artist Herb Ryman to create an eight-page prospectus with a gorgeous painting to accompany it, and had three copies typed up in the Disney company steno pool and he flew to New York with them.

7/
Only one copy of that prospectus exists today. In 2013, it changed hands at auction, with the winning bid going to noted asshole Glenn Beck, who offered no plans to allow study or exhibition of it.

8/
During that process, I came into possession of a high-resolution scan of that document. I made sure that the Imagineering archivist got a copy - they'd never seen it before - and deposited a long-term public archival copy with the @internetarchive.

https://t.co/7LQvTEh60D

9/
It's a strange and curious document, but one striking feature is that it conceptualizes Disneyland as a place you might go to not to ride any rides, but just to walk around and enjoy yourself, soaking in the atmosphere (and buy a tropical bird or fish) (no, really).

10/
Reading that, I thought of Walt, with his anxieties and his fraught relationship with his workers and brother, the factionalism that divided his company and his longing for escape, and that iconic photo of Walt strolling through an empty castle, looking perfectly at peace.

11/
From 1955-1982, Disneyland operated on a ticket system. You paid a low price for admission, and then paid for each ride using ticketbooks that rated the rides from A (boring) to E (main attraction) (the system ended due to competition from nearby Knott's Berry Farm).

12/
That low-priced admission ticket meant that locals could easily afford to slip away to Disneyland, stroll the park, maybe buy some junk food or watch a parade, and go home again.

13/
The advent of unlimited-ride admission created demand for annual passes, and discounts for kids and locals made DL into an after-school hangout. Early Disney message-boards raged with arguments over the Orange County goths who hung around Tomorrowland, smoking and glowering.

14/
Annual passes grew and grew. When I first moved to LA in 2006 for a Fulbright chair at USC, I used to teach my classes then drive to Disneyland with my cheap LA resident's pass. I'd park, get a Fastpass for Space Mountain, ride the Haunted Mansion.

15/
Then I'd write part of the novel I was working on in a quiet bench in New Orleans Square, ride Space Mountain once my Fastpass ripened, then I'd go home for dinner.

Annual Passes grew too successful, selling so well they crowded out vacationers on a once-in-a-lifetime trip.

16/
A series of price-hikes did not dampen Annual Pass sales. While repeated doublings of the price raised a lot of revenue, it also created a large cohort of troublesome customers who felt all that money entitled them to white-glove treatment.

17/
Then came a suite of baroque tiers and restrictions on passes, with blackout dates - which made people entitled, confused and cranky.

Then came the pandemic...and the end of the Annual Pass program altogether.

https://t.co/PrbdFsnS4U

18/
There's lots of reasons that killing the Annual Pass makes sense, but one that's not immediately obvious is that DL is a "happy place" for a lot of people who struggle with the world, like Walt did. Most of us just find a moment of peace in a quiet corner of the park.

19/
But some people exhibit pathological behavior. One family sewed their own Disneyland employee costumes and tried to entrap a ride attendant into an arranged marriage with their daughter!

Most of the problems generated by Annual Passholders aren't that extreme, of course.

20/
But even the smaller problems grow in significance by dint of repetition: the mildly troublesome customer who comes EVERY DAY and makes trouble can quickly grow more than mildly troublesome.

21/
I understand the logic of killing the passes. But I can't help think of Walt, wanting an escape from a bad situation that he'd made worse through his own screw-ups, and then, incredibly, actually pulling it off.

22/
A lot of us have been missing our various happy places since the lockdown, and Disney doubtless anticipates a massive rush when the vaccines have been distributed (they are tapped to be Southern California's largest distribution site).

23/
It feels like someone at Disney thought about just how intense and freaked out some of those returning Annual Passholders were likely to be and decided that the costs (for employees and other visitors) of coping with that outweighed the benefits.

eof/

More from Cory Doctorow #BLM

Cory Doctorow #BLM
Cory Doctorow #BLM
@doctorow
After the 9/11 attacks, airlines and public buildings adopted a flurry of "security" measures, like taking away pen-knives from fliers or requiring visitors to office buildings to be photographed or present a driver's license.

1/


Bruce Schneier's seminal 2003 "Beyond Fear" called these measures: #securitytheater.

Schneier pointed out that these measures would be easy to circumvent, and were thus providing only the comforting appearance of security - not security

Security theater is worse than nothing. Security theater gives people the false impression that their risks have been mitigated, when actually things are just as dangerous.

After al, if you know that danger exists, you can take some steps to mitigate or avoid it.

3/

But if you have the false impression that you've been made safer, you might unwittingly engage in risky behavior.

4/

Like, if you know your car's brakes are flaky, you might nurse the car along to the mechanic at low speed on side-streets.

But if you don't know about the brakes, you're apt to discover their flaws at 75mph on the freeway.

5/
FOR LATER READ
Cory Doctorow #BLM
Cory Doctorow #BLM
@doctorow
There are lots of problems with ad-tech:

* being spied on all the time means that the people of the 21st century are less able to be their authentic selves;

* any data that is collected and retained will eventually breach, creating untold harms;

1/


* data-collection enables for discriminatory business practices ("digital redlining");

* the huge, tangled hairball of adtech companies siphons lots (maybe even most) of the money that should go creators and media orgs; and

2/

* anti-adblock demands browsers and devices that thwart their owners' wishes, a capability that can be exploited for even more nefarious purposes;

That's all terrible, but it's also IRONIC, since it appears that, in addition to everything else, ad-tech is a fraud, a bezzle.

3/

Bezzle was John Kenneth Galbraith's term for "the magic interval when a confidence trickster knows he has the money he has appropriated but the victim does not yet understand that he has lost it." That is, a rotten log that has yet to be turned over.

4/

Bezzles unwind slowly, then all at once. We've had some important peeks under ad-tech's rotten log, and they're increasing in both intensity and velocity. If you follow @Chronotope, you've had a front-row seat to the
INTERNET
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Cory Doctorow #BLM
Cory Doctorow #BLM
@doctorow
20 years on, #BushVGore is back in our discourse - an election stolen by mobs at the polling places, a media blitz, and a Supreme Court at its most antidemocratic and antimajoritarian.

1/


We remember this as an election that the plutes stole, but it's also an election that the Dems gave to them. That's why we're talk about it now. There will be an attempt to steal next month's election. Will we surrender again?

2/

The last surrender led to a war being fought today by the children of the soldiers who were sent into battle on day one. It led to climate inaction, monopolistic concentration, erosions to our right to vote and to our right to protest.

3/

Thanks to that surrender, voter suppression was expanded and reinforced, leading to the election of a fumbling liar who got to appoint more SCOTUS judges in 3.5 years than all Democratic presidents did in the previous quarter


You may be wondering how the Dems surrendered in 2020. For a detailed account of what surrender looks like, read @rsgexp's @jacobin memoir of her time as an @AFLCIO organizer sent to Florida during the
POLITICS
Cory Doctorow RIGHT-CLICKING WORDCEL MENTALITY
Cory Doctorow RIGHT-CL...
@doctorow
I've just read one of the most lucid, wide-ranging, cross-disciplinary critiques of cryptocurrency and blockchain I've yet to encounter. 1/


It comes from David "DSHR" Rosenthal, a distinguished technologist whose past achievements including helping to develop X11 and the core technologies for Nvidia.

https://t.co/tkAMShno4k 2/

Rosenthal's critique is a transcript of a lecture he gave to Stanford's EE380 class, adapted from a December 2021 talk for an investor conference. 3/

It is a bang-up-to-date synthesis of many of the critical writings on the subject, glued together with Rosenthal's own deep technical expertise. He calls it "Can We Mitigate Cryptocurrencies' Externalities?"

The presence of "externalities" in Rosenthal's title is key. 4/

Rosenthal identifies blockchainism's core ideology as emerging from "the libertarian culture of Silicon Valley and the cypherpunks," and states that "libertarianism's attraction is based on ignoring externalities."

This is an important critique of libertarianism. 5/
CRYPTO
Cory Doctorow #BLM
Cory Doctorow #BLM
@doctorow
The pandemic has afforded all of us a refresher course on the five stages of grief, a theoretical and controversial framework for describing how people cope with tragedy: denial, anger, bargaining, depression and acceptance.

https://t.co/nqPmjCvyab

1/


A far slower-moving unfolding of these stages can be seen in the reactions of the super-wealthy to the breakdown in neoliberal orthodoxy, the tale that says that inequality results from meritocracy, and makes us all better

Denial came out in the "rationalist" view: the world is better off than ever - richer, less violent, healthier, and any discontent you feel with your plummeting fortunes and the contracting possibilities for your kids is just your tunnel vision. Lack of perspective.

3/

But the Great Financial Crisis and Occupy triggered the anger of the elites: violent suppression of protests, the "Doom Boom" in new luxury bunkers, Howard Schultz's insistence that "billionaire" is a slur (he says we should call him a "person of wealth").

4/

The pandemic - and the "K-shaped recovery"- has revealed the existential threat inequality poses for our species, between price-gouging, fraud, profiteering, flouting health directives, and coercing the poor and vulnerable into risking their lives to keep the economy afloat.

5/
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Madima
Madima
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Below are some of the most interesting business stories I came across in 2020.

P. S The list is not exhaustive.

1) PSG unbundled it's 28.1% ownership of Capitec.

2) MTN sold a minority stake in Jumia Technologies for R2.3-billion.

3) Dischem has completed the acquisition of Medicare Health for R282million

4) TFG bought 381 Jet stores from Edcon for R480m.

5) Capitec entered into a partnership with SA Home Loans to offer home loans.

6) Food Lover’s Market has started closing outlets in Zambia.

7) Sasol sold 50% of the "base chemicals division" at Lake Charles which equates to ~25% of total Lake Charles project. Sasol will still retain around ~75% of the total Lake Charles Chemical Project.

8) Sasol agreed to sell its 50% stake in Gemini for R6.2bn.

9) Tongaat Hulett sold its starch and glucose business to Barloworld for R5.26bn. The group has used R4.64bn of this to pay down debt.

10) The Competition Commission approved Nimble Fund 1’s intention to acquire Edcon Book Debts.

11) Greg Maloka has decided to resign from Kaya.

12) Ethos Private Equity has won a contract with Ninety One to take on an advisory contract for Ninety One's Africa Private Equity funds.

Ninety One will maintain control and oversight of the portfolio, while Ethos will manage the assets

13) Bidvest Wits sold to TTM
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Corporate Machiavelli
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THREAD:

Employees vs Employers

“We who toil for other people have all in some way been captured by pirates and sold into slavery.” –Law 24

It should be said plainly; employment is nothing more than the next step in the evolution of slavery.

The corporation you are employed by has a psychopathic level of indifference as to whether you live or die.

This is not Leftwing political rhetoric; it is a machiavellian reality you will have to contend with.

Your employer is not your ally; they are your adversary.

It is in your best interest for wages to be as high as possible, while it is in your employer’s best interest for wages to be as low as possible.
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PePe Le Q
PePe Le Q
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So while America was forced into a high percentage of unemployment, billionaires in America made 406 billion from their “essential” businesses.

I wonder how much came from the

Funny, this transfer of wealth from the poor citizens to the rich billionaires aided by lockdowns and tyrannical governors wasnt just isolated to America. Australia billionaires seemed to amass much wealth during a time record number of businesses
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An explosive new criminal complaint against Martin Inacker, the former CEO of @wpmeurocom in #Germany shows Inacker potentially double crossing his #Saudi clients by colluding with #Qatar to cover up Doha's #Hezbullah's sponsorship in exchange for hush money.


According to the complaint, Inacker had kept the terms of his initial agreement with the #Saudi Ministry of Information (following his work with the Saudi Embassy in Berlin) secret from @wmpeurocom 's Board of Directors.

He had used unethical methods to promote a hyperbolized, if not outright mendacious, brochure that was supposed to improve the image of #KSA and the royal family. He had promised a list of high level political and business context to the Saudis as part of his business.

A strategy paper developed by Inacker was leaked to the papers showing unethical, and possibly illegal pressure on ten journalists to switch their "tone" on #KSA as a result of Inacker's lobbying efforts.

However, despite throwing these journalists under the bus, by his own admission Inacker did not appear to have succeeded in pressuring them to "switch their tone". This shows Inacker's duplicity: 1) he lied to his Saudi clients about his alleged success.
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@AndyWoodturner
Went to make coffee. Opened fridge to get milk. Now...I was a refrigeration engineer, I had my own domestic appliance business, and I've seen things that would make your hair curl, but...the scene I was greeted by was frankly fucking horrific... 1/?

Everything in the fridge, butter, milk, eggs, some bacon, jars of stuff (except the mustard) had been torn to shreds...and was wet, from the milk presumably, and had turned black...2/?

I just stood and stared. The egg shells were there but broken, empty, and dry. The egg box in shreds. The butter had all gone and the lid had tell-tale holes. The unopened bacon all gone. The tray in tatters...3/?

I'd have taken a picture but it was disgusting...because...there were things in there that weren't in there on Friday. Turds. 6mm long, ovoid turds. I knew what they were obviously, but their presence INSIDE THE FUCKING FRIDGE was, is, troubling...How?4/?

A closer look, and this wasn't pleasant, what with all the black rancid milk and turds, revealed what looked like a hole at the corner of the interior, just under the evaporator..WTF! 5/?
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#Thread - 1/21

A story of a brave woman who let her "breast" cut to protect the life of Netaji Subhash Chandra Bose!

Neera Arya was born on March 5 1902 in Khekra Nagar, Uttar Pradesh in a distinguished & eminent businessman Seth Chhajumal's family. Since her childhood,


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She was a true nationalist & always had a vision of becoming a part of the freedom fighter movement. She was also reportedly accused as an undercover by the British Govt.

That was the time when her father's business was flourishing in Calcutta, though his business was..

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Mahadev himself narrated the story of Ekadash Mukhi Hanuman ji to Maa Parvati. Once a great monster named Kalkarmukh performed the severe penance of Brahma ji.


Pleased with the austerity of the demon, Brahma ji gave him a boon that the person who will have eleven Heads like you and who was born on the day of your birth, only he/she will be able to kill you. No one else will kill you.


After getting a boon from Brahma ji, Kalkarmukh created a ruckus in all three lok. He invaded Swarg and snatched all the rights of the Devtas and became himself the king of Swarg.


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Stan Lee’s fictional superheroes lived in the real New York. Here’s where they lived, and why. https://t.co/oV1IGGN8R6


Stan Lee, who died Monday at 95, was born in Manhattan and graduated from DeWitt Clinton High School in the Bronx. His pulp-fiction heroes have come to define much of popular culture in the early 21st century.

Tying Marvel’s stable of pulp-fiction heroes to a real place — New York — served a counterbalance to the sometimes gravity-challenged action and the improbability of the stories. That was just what Stan Lee wanted. https://t.co/rDosqzpP8i


The New York universe hooked readers. And the artists drew what they were familiar with, which made the Marvel universe authentic-looking, down to the water towers atop many of the buildings. https://t.co/rDosqzpP8i


The Avengers Mansion was a Beaux-Arts palace. Fans know it as 890 Fifth Avenue. The Frick Collection, which now occupies the place, uses the address of the front door: 1 East 70th Street.
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Once Suutji in his discourse with King Janmajeya repeated the words of Vyasji regarding the pronounciation of the word ऐ. Vyasji had heard the importance of this word in a meeting of all important saints at Naimisharanya.


There this story was discussed.

In that gathering of such great sages, Rishi Jamdagni asked a question to all the eminent luminaries. He wanted to know which diety is the most revered and gets satisfied easily with our prayers. So Lomash rishi replied that Devi

Bhagwati was one such diety. She will be satisfied and is ready to grant you a boon even if you just say the first letter of her beej mantra. In this context he narrated the story of Satyavrat. The story is as follows.

There lived a Brahmin named Devdutt in Kosal.

He was childless. He arranged for an elaborate yagya for a intelligent son to be born. He invited all the eminent rishi's to conduct this Yagya. Rishi Suhotra, Pael, Brahaspati Yagyavalka were assigned different tasks. Rishi Gobhil was asked to sing the Saamved.

He sang the verses very well, but he had to take respite in order to breathe between two verses. This angered devdutt. He spoke his thoughts to Gobhil rishi.

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Neo-nazi group #PatriotFront held a photo op in #Chicago last weekend & is currently marching around #DC so it's as good time as any to compile a list of their identified members for folks to watch for

Who are these chuds?

Patriot Front broke away from white nationalist org Vanguard America following #unitetheright in #charlottesville after James Alex Fields was seen with a VA shield before driving his car into a crowd, murdering Heather Heyer & injuring dozens of others

Syed Robbie Javid a.k.a. Sayed Robbie Javid or Robbie Javid of Alexandria,


Antoine Bernard Renard (a.k.a. “Charlemagne MD” on Discord) from Rockville, MD.

https://t.co/ykEjdZFDi6


Brandon Troy Higgs, 25, from Reisterstown,
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