#finance · bonfire.cafe

I'm a bit creeped out, y'all.

I got a letter from our bank that my youngest's savings account was in inactive status and was going to the unclaimed property department if I didn't reply.

We've been in limbo with his SSA claim for over 2 years so there's been no activity on his account for that reason.

I called customer service to reactivate the account. They had to do some verification questions that the computer had the answers to. One of them was "what organization, if any, have you had contact with"? And a list of stores and hotels and Occupy Oakland.

How does the bank know I'm associated with Occupy Oakland? How did it get on the account verification computer? It struck me as so surreal and unexpected I'm having trouble processing it, tbh.

#Banking #Finance #USPol #USPolitics #Privacy

Uzi Bobuzi

@ruemaleficent@kolektiva.social · 3 hours ago

I'm a bit creeped out, y'all.

I got a letter from our bank that my youngest's savings account was in inactive status and was going to the unclaimed property department if I didn't reply.

We've been in limbo with his SSA claim for over 2 years so there's been no activity on his account for that reason.

How does the bank know I'm associated with Occupy Oakland? How did it get on the account verification computer? It struck me as so surreal and unexpected I'm having trouble processing it, tbh.

#Banking #Finance #USPol #USPolitics #Privacy

$.:\dGh/:.$

.:\dGh/:.

@darkghosthunter@mastodon.social · 3 days ago

So, someone told me that he was "divesting" from northamerican companies and moving to gold and bonds, before euros and yuan.

His reason? «Once the #AIBubble explodes, the dollar is going to plummet harder than a stone»

Not a finance guy, but is this true?

#Financing #Finance #Investment #Invest #Investments #Market #Stocks #StockMarket #Stonks #AI

readbeanicecream

@readbeanicecream@mastodon.social · 4 days ago

Investors Concerned AI Bubble Is Finally Popping

https://futurism.com/artificial-intelligence/investors-concerned-ai-bubble-popping

#tech #technology #ai #artificialintelligence #finance #economy #aislop #aibubble

Futurism

Investors Concerned AI Bubble Is Finally Popping

Investors are becoming incredibly antsy about the Magnificent Seven's enormous AI spending plans, stoking renewed fears over an AI bubble.

UniversityofGroningenLibrary

@Bibliothecaris@social.edu.nl · 4 days ago

New in our electronic collection:

➡️ The Routledge Handbook of Economic Expectations in Historical Perspective

🔗 https://doi.org/10.4324/9781003379010

#OpenAccess #OpenScience #economics #history #finance #business #industry #books #bookstodon

Book cover featuring a black/white photograph of people using typewriters, with the title "The Routledge Handbook of Economic Expectations in Historical Perspective."

Transcribed Text: Routledge Handbooks. The Routledge Handbook of Economic Expectations in Historical Perspective. Edited by Laetitia Lenel, Alexander Nützenadel, Jochen Streb, and Ingo Köhler — Book cover featuring a black/white photograph of people using typewriters, with the title "The Routledge Handbook of Economic Expectations in Historical Perspective." Transcribed Text: Routledge Handbooks. The Routledge Handbook of Economic Expectations in Historical Perspective. Edited by Laetitia Lenel, Alexander Nützenadel, Jochen Streb, and Ingo Köhler

Luc, artiste en devenir boosted

Kalam

@miko@piaille.fr · 6 days ago

Municipales 2026 les idées fusent !

Les planches de BD : https://
annyo.logaton.fr
Achetez la BD : https://
lestroiscanards.ouvaton.org/produit/annyo-le-mouton-a-5-pattes/

#annyo #BD #humour #RN #politique #politics#municipales2026 #macron #finance

Le chien parle aux moutons :
Grâce à notre partenariat exclusif avec arnac-travaux, je vais faire construire une toute nouvelle crèche pour vos agneaux.
Toute belle avec tous les équipements les plus modernes.
Super !
Il est bien le chien.
Dites ! Comment vous comptez financer votre projet ?
Je compte faire des économies sur les dépenses inutiles. En particulier en stoppant tous les emplois de puéricultrice et d’assistante maternelle. — Le chien parle aux moutons : Grâce à notre partenariat exclusif avec arnac-travaux, je vais faire construire une toute nouvelle crèche pour vos agneaux. Toute belle avec tous les équipements les plus modernes. Super ! Il est bien le chien. Dites ! Comment vous comptez financer votre projet ? Je compte faire des économies sur les dépenses inutiles. En particulier en stoppant tous les emplois de puéricultrice et d’assistante maternelle.

Kalam

@miko@piaille.fr · 6 days ago

Municipales 2026 les idées fusent !

Les planches de BD : https://
annyo.logaton.fr
Achetez la BD : https://
lestroiscanards.ouvaton.org/produit/annyo-le-mouton-a-5-pattes/

#annyo #BD #humour #RN #politique #politics#municipales2026 #macron #finance

Trending Bot and 1 other boosted

pheonix

@pheonix@hachyderm.io · 2 weeks ago

I've personally grown to hate the security theatre of rotating my bank passwords every six months, especially because of requirements like "must contain one uppercase, one symbol, one lowercase, one special case and the blood of a unicorn."

When mathematically, a simple, grammatically incorrect sentence of 25 characters is much harder for a machine to crack than a gibberish 8-character password with symbols.

Entropy loves length.

I love the idea that the most secure key to your digital life could just be a weird little poem or an inside joke that only you know. Security doesn't have to be painful.

#infosec #passwords #cybersecurity #UX #security #sysadmin #programming #foss #linux #privacy #enshittification #reading #finance

pheonix

@pheonix@hachyderm.io · 2 weeks ago

When mathematically, a simple, grammatically incorrect sentence of 25 characters is much harder for a machine to crack than a gibberish 8-character password with symbols.

Entropy loves length.

I love the idea that the most secure key to your digital life could just be a weird little poem or an inside joke that only you know. Security doesn't have to be painful.

#infosec #passwords #cybersecurity #UX #security #sysadmin #programming #foss #linux #privacy #enshittification #reading #finance

jbz and 1 other boosted

Dawid Wiktor

@dawid@vebinet.com · 2 weeks ago

The European Union should start working on a European Payment Network that would provide Europeans and the rest of the world with an alternative to Mastercard and Visa.

A single common payment system for accepting online and offline payments, accepted in all stores and on all platforms.

Although there are many different payment systems, the problem is that there is no single system that is widely used throughout the EU.

The EU has SEPA. With the European Payment Network, it would have a complete network that would significantly strengthen its sovereignty.

@EUCommission
@HennaVirkkunen

#EU #EUpol #Europe #Europa #EuropeanPaymentNetwork #Visa #Mastercard #finance #sovereignty #trade

Dawid Wiktor

@dawid@vebinet.com · 2 weeks ago

The European Union should start working on a European Payment Network that would provide Europeans and the rest of the world with an alternative to Mastercard and Visa.

A single common payment system for accepting online and offline payments, accepted in all stores and on all platforms.

Although there are many different payment systems, the problem is that there is no single system that is widely used throughout the EU.

The EU has SEPA. With the European Payment Network, it would have a complete network that would significantly strengthen its sovereignty.

@EUCommission
@HennaVirkkunen

#EU #EUpol #Europe #Europa #EuropeanPaymentNetwork #Visa #Mastercard #finance #sovereignty #trade

Cory Doctorow boosted

Zhi Zhu 🕸️

@ZhiZhu@newsie.social · 3 weeks ago

"The collapse of the #AI bubble is going to be ugly. Seven AI companies currently account for more than a third of the #StockMarket, and they endlessly pass around the same $100bn IOU.

AI is the asbestos in the walls of our technological society, stuffed there with wild abandon by a #finance sector and #tech monopolists run amok. We will be excavating it for a generation or more."
- @pluralistic

https://www.theguardian.com/us-news/ng-interactive/2026/jan/18/tech-ai-bubble-burst-reverse-centaur

#Technology #ArtificialIntelligence #Business #Economy #News #World

Text from article:
When the AI-investment mania halts, most of those models are going to disappear, because it just won’t be economical to keep the datacenters running. As Stein’s law has it: “Anything that can’t go on forever eventually stops.”

The collapse of the AI bubble is going to be ugly. Seven AI companies currently account for more than a third of the stock market, and they endlessly pass around the same $100bn IOU.

AI is the asbestos in the walls of our technological society, stuffed there with wild abandon by a finance sector and tech monopolists run amok. We will be excavating it for a generation or more.

To pop the bubble, we have to hammer on the forces that created the bubble: the myth that AI can do your job, especially if you get high wages that your boss can claw back; the understanding that growth companies need a succession of ever more outlandish bubbles to stay alive; the fact that workers and the public they serve are on one side of this fight, and bosses and their investors are on the other side.

Because the AI bubble really is very bad news, it’s worth fighting seriously, and a serious fight against AI strikes at its roots: the material factors fueling the hundreds of billions in wasted capital that are being spent to put us all on the breadline and fill all our walls with hi-tech asbestos. — Text from article: When the AI-investment mania halts, most of those models are going to disappear, because it just won’t be economical to keep the datacenters running. As Stein’s law has it: “Anything that can’t go on forever eventually stops.” The collapse of the AI bubble is going to be ugly. Seven AI companies currently account for more than a third of the stock market, and they endlessly pass around the same $100bn IOU. AI is the asbestos in the walls of our technological society, stuffed there with wild abandon by a finance sector and tech monopolists run amok. We will be excavating it for a generation or more. To pop the bubble, we have to hammer on the forces that created the bubble: the myth that AI can do your job, especially if you get high wages that your boss can claw back; the understanding that growth companies need a succession of ever more outlandish bubbles to stay alive; the fact that workers and the public they serve are on one side of this fight, and bosses and their investors are on the other side. Because the AI bubble really is very bad news, it’s worth fighting seriously, and a serious fight against AI strikes at its roots: the material factors fueling the hundreds of billions in wasted capital that are being spent to put us all on the breadline and fill all our walls with hi-tech asbestos.

the Guardian

AI companies will fail. We can salvage something from the wreckage | Cory Doctorow

AI is asbestos in the walls of our tech society, stuffed there by monopolists run amok. A serious fight against it must strike at its roots

Zhi Zhu 🕸️

@ZhiZhu@newsie.social · 3 weeks ago

"AI is a bubble and it will burst... So what will be left behind?

We will have a bunch of coders who are really good at applied statistics... a lot of cheap GPUs... And we will have the #OpenSource models that run on commodity hardware, #AI tools that can do a lot of useful stuff, like transcribing audio and video; describing images;... These will run on our laptops and phones, and open-source hackers will find ways to push them to do things their makers never dreamed of."

#Technology #News

Text from article:
AI is a bubble and it will burst. Most of the companies will fail. Most of the datacenters will be shuttered or sold for parts. So what will be left behind?

We will have a bunch of coders who are really good at applied statistics. We will have a lot of cheap GPUs, which will be good news for, say, effects artists and climate scientists, who will be able to buy that critical hardware at pennies on the dollar. And we will have the open-source models that run on commodity hardware, AI tools that can do a lot of useful stuff, like transcribing audio and video; describing images; summarizing documents; and automating a lot of labor-intensive graphic editing – such as removing backgrounds or airbrushing passersby out of photos. These will run on our laptops and phones, and open-source hackers will find ways to push them to do things their makers never dreamed of.

If there had never been an AI bubble, if all this stuff arose merely because computer scientists and product managers noodled around for a few years coming up with cool new apps, most people would have been pleasantly surprised with these interesting new things their computers could do. We would call them “plugins”.

It’s the bubble that sucks, not these applications. The bubble doesn’t want cheap useful things. It wants expensive, “disruptive” things: big foundation models that lose billions of dollars every year. — Text from article: AI is a bubble and it will burst. Most of the companies will fail. Most of the datacenters will be shuttered or sold for parts. So what will be left behind? We will have a bunch of coders who are really good at applied statistics. We will have a lot of cheap GPUs, which will be good news for, say, effects artists and climate scientists, who will be able to buy that critical hardware at pennies on the dollar. And we will have the open-source models that run on commodity hardware, AI tools that can do a lot of useful stuff, like transcribing audio and video; describing images; summarizing documents; and automating a lot of labor-intensive graphic editing – such as removing backgrounds or airbrushing passersby out of photos. These will run on our laptops and phones, and open-source hackers will find ways to push them to do things their makers never dreamed of. If there had never been an AI bubble, if all this stuff arose merely because computer scientists and product managers noodled around for a few years coming up with cool new apps, most people would have been pleasantly surprised with these interesting new things their computers could do. We would call them “plugins”. It’s the bubble that sucks, not these applications. The bubble doesn’t want cheap useful things. It wants expensive, “disruptive” things: big foundation models that lose billions of dollars every year.

Zhi Zhu 🕸️

@ZhiZhu@newsie.social replied · 3 weeks ago

"The collapse of the #AI bubble is going to be ugly. Seven AI companies currently account for more than a third of the #StockMarket, and they endlessly pass around the same $100bn IOU.

https://www.theguardian.com/us-news/ng-interactive/2026/jan/18/tech-ai-bubble-burst-reverse-centaur

#Technology #ArtificialIntelligence #Business #Economy #News #World

the Guardian

AI companies will fail. We can salvage something from the wreckage | Cory Doctorow

AI is asbestos in the walls of our tech society, stuffed there by monopolists run amok. A serious fight against it must strike at its roots

Hacker News

@h4ckernews@mastodon.social · 3 weeks ago

Swedish Alecta has sold off an estimated $8B of US Treasury Bonds

https://www.di.se/nyheter/di-avslojar-alecta-har-dumpat-amerikanska-statspapper/

#HackerNews #Swedish #Alecta #Alecta #Bonds #Finance #Investment #US #Treasury

Dagens industri

Di avslöjar: Alecta har dumpat amerikanska statspapper

Pensionsjätten Alecta har dumpat merparten av sina amerikanska statsobligationer. Enligt vad Di erfar handlar det om försäljningar i storleksordningen 70-80…

Nils Wilcke

@paul_denton@mastodon.social · 3 weeks ago

Début de panique après l'annonce par le fonds de pension danois AkademikerPension de la vente de ses bons du Trésor américain pour 100 millions de dollars? Une arme à double tranchant pour les Européens, préviennent les patrons réunis à Davos, tandis que le Premier ministre du Groenland appelle les habitants à se préparer à une potentielle invasion... https://www.swissinfo.ch/eng/ermotti-warns-of-risky-bet-as-europe-flirts-with-debt-selloff/90810027

#Politique #Davos #Groenland #Europe #Trump #EtatsUnis #Danemark #Guerre #Economie #Finance

SWI swissinfo.ch

Ermotti Warns of Risky Bet as Europe Flirts With Debt Selloff

(Bloomberg) -- Europeans tempted to weaponize their holdings of US government debt amid the standoff with President Trump over Greenland are making a “dangerous bet” that risks backfiring.

Hacker News

@h4ckernews@mastodon.social · 3 weeks ago

Danish pension fund divesting US Treasuries

https://www.reuters.com/business/danish-pension-fund-divest-its-us-treasuries-2026-01-20/

#HackerNews #Danish #pension #fund #divesting #US #Treasuries #investment #news #finance #divestment #Denmark

Hacker News

@h4ckernews@mastodon.social · 3 weeks ago

A pandemic rescue became a 30-year debt trap

https://thehill.com/opinion/finance/5692543-small-business-loan-debt-trap/

#HackerNews #pandemicrescue #debttrap #smallbusiness #finance #newsopinion

The Hill

How a pandemic rescue became a 30-year debt trap

Millions of small businesses are discovering that the emergency fiscal help they relied on in 2020 came with a long tail of unintended consequences.

gee Ⓐ⚑

@gee@framapiaf.org · 4 weeks ago

📰 CETTE SEMAINE : « Fermez l'IBAN »
Pourquoi je recopie un numéro à la main depuis un PDF ? Parce que la gestion des IBAN en ligne est nullissime, voilà.
▶️ https://grisebouille.net/fermez-liban
#BD #oc #original #GriseBouille #humour #banque #finance #IBAN

Gee est derrière son PC, avec une fenêtre PDF « rib.pdf » ouverte, et à côté, un formulaire où il tape. Il pense : « Alors, FR76… 3000… Faut pas que je me plante… »

Grise Bouille

Fermez l'IBAN

Aujourd'hui, parlons d'un truc qui _m'agace_ profondément : la gestion des coordonnées bancaires par les sites internet en général.

⁂