Become a fan of Slashdot on Facebook


Forgot your password?
Check out the new SourceForge HTML5 internet speed test! No Flash necessary and runs on all devices. ×

Comment Democrats Desperate to Hide Clinton-Putin Ties (Score 3, Informative) 199

One of which is the fact that Tony Podesta, a big Hillary bundler and brother of John Podesta, her campaign manager, is registered lobbyist for Putin's bank:

The revelations of the so-called Panama Papers that are roiling the world’s political and financial elites this week include important facts about Team Clinton. This unprecedented trove of documents purloined from a shady Panama law firm that arranged tax havens, and perhaps money laundering, for the globe’s super-rich includes juicy insights into how Russia’s elite hides its ill-gotten wealth.

        Almost lost among the many revelations is the fact that Russia’s biggest bank uses The Podesta Group as its lobbyist in Washington, D.C. Though hardly a household name, this firm is well known inside the Beltway, not least because its CEO is Tony Podesta, one of the best-connected Democratic machers in the country. He founded the firm in 1998 with his brother John, formerly chief of staff to President Bill Clinton, then counselor to President Barack Obama, Mr. Podesta is the very definition of a Democratic insider. Outsiders engage the Podestas and their well-connected lobbying firm to improve their image and get access to Democratic bigwigs.

        Which is exactly what Sberbank, Russia’s biggest financial institution, did this spring. As reported at the end of March, the Podesta Group registered with the U.S. Government as a lobbyist for Sberbank, as required by law, naming three Podesta Group staffers: Tony Podesta plus Stephen Rademaker and David Adams, the last two former assistant secretaries of state. It should be noted that Tony Podesta is a big-money bundler for the Hillary Clinton presidential campaign while his brother John is the chairman of that campaign, the chief architect of her plans to take the White House this November.

        Sberbank (Savings Bank in Russian) engaged the Podesta Group to help its public image—leading Moscow financial institutions not exactly being known for their propriety and wholesomeness—and specifically to help lift some of the pain of sanctions placed on Russia in the aftermath of the Kremlin’s aggression against Ukraine, which has caused real pain to the country’s hard-hit financial sector.

        It’s hardly surprising that Sberbank sought the help of Democratic insiders like the Podesta Group to aid them in this difficult hour, since they clearly understand how American politics work. The question is why the Podesta Group took Sberbank’s money. That financial institution isn’t exactly hiding in the shadows—it’s the biggest bank in Russia, and its reputation leaves a lot to be desired. Nobody acquainted with Russian finance was surprised that Sberbank wound up in the Panama Papers.

        though Sberbank has its origins in the nineteenth century, it was functionally reborn after the Soviet collapse, and it the 1990s it grew to be the dominant bank in the country, today controlling nearly 30 percent of Russia’s aggregate banking assets and employing a quarter-million people. The majority stockholder in Sberbank is Russia’s Central Bank. In other words, Sberbank is functionally an arm of the Kremlin, although it’s ostensibly a private institution.


John and Tony Podesta aren’t fooling anyone with this ruse. They are lobbyists for Vladimir Putin’s personal bank of choice, an arm of his Kremlin and its intelligence services. Since the brothers Podesta are presumably destined for very high-level White House jobs next January if the Democrats triumph in November at the polls, their relationship with Sberbank is something they—and Hillary Clinton—need to explain to the public.

And this is just one of many Clinton ties to Putin...

Comment i reject the premise (Score 1) 537

Hey look, it's Slashdot concern trolling their readers again!

I reject the premise.

"Why are software developers working on this trivial Internet thing rather than solving world hunger?"

It's the Von Mises knowledge problem, aka the economic calculation problem. You don't know what the most important problems to solve are because you (and by "you" I especially mean "any government body") can't see the future. One person can only be an expert on their own life, not everyone else's lives. You don't necessarily known what the real biggest problems today are, because when you read or watch the news you're watching edited abstracts of selections of other people's limited knowledge, with biases conscious and unconscious at every step of the process.

You have no way of known that specific technology you're working on won't have far greater benefit to society than whatever our cultural elites have decided to focuses on for clickbait concern trolling this week, especially ones with easy emotional appeals ("Show me rain forests! Show me police killing black people!") rather than more difficult or abstract ones ("Show me how deficit financing eventually destroys economies!").

It turns out that creating the Internet probably did more to help solve world hunger than, say, studying how to make krill into food patties.

Work on the problems that interest you and that you have the capacity to solve, not what other people think are "more important," because there's a good chance they're wrong.

Comment Been Tried Before, Failed Before (Score 1) 630

Read the section in Charles Murray's Losing Ground about the SIME/DIME experiments in guaranteed minimum income. They were colossal failures.

They might be less of a failure in Finland, due to greater cultural and ethnic uniformity. But that doesn't mean it won't fail, it just means it will take longer to fail.

Slashdot Top Deals

Are we running light with overbyte?