MONDAY KETCHUP: Weekend top fives with wind-powered cargo ships, AI and Palantir's F-U share class, Musk's unregulated spaces, FERC's grid moves, Royal Caribbean smog, and Jessie says "gender matters"
LIVE from the last day of the hottest month in human history, it’s a Damion free edition of BUSINESS PANTS, featuring Jessie the Money Whisperer and me, analyst hole Matt Moscardi! In today’s Oilyfans satellite called July 31, 2023: a top five and a top five!
MATT1
5. Big disclosure-related news over the weekend: Upset Hindus seek apology from Baskin-Robbins for non-disclosure of beef in ice cream
“Rocky Road” contained gelatin, but the source of gelatin was not mentioned under the “Ingredients” on packages/boxes. When Zed contacted Baskin Robbins, Customer Relations Coordinator Katie responded: “The gelatin in Rocky Road is from both porcine and beef source”.
4. An update from 200 years ago: The return of cargo-carrying sailships In the era of AI, the biggest displacement to supply chains might be… sailboats??
De Tukker can carry 70 tonnes of cargo and up to 12 passengers. In her previous life she transported building supplies and produce along the Dutch and German coasts.
The ship set sail on its first commercial voyage under the ownership of Mr Langelaan's company, Ecoclipper.
Ecoclipper hopes to build a fleet of up to 25 wind-powered cargo ships in the future, utilising the latest design technology. Each will be 10 times larger than De Tukker, and cost in the region of €9m each.
There's no denying that sailing is slower. Mr Langelaan says it would take 70 days to sail from China to Europe, whereas a modern container ship can do the journey in 30 to 40 days.
And, of course, container ships are enormous - the largest can move 20,500 containers, and a total weight of 210,000 tonnes.
De Tukker can only haul a tiny fraction of that with her 70 cubic meters of cargo space, making her a more expensive way to ship cargo.
3. In dystopia: Palantir has built an 'AI fortress that is unmatched' and the stock is set to soar 54% as new industrial revolution begins, Wedbush says. Do you know who I was just wishing would have the corner on the AI market? THESE GUYS.
We design technology to help institutions protect liberty
AI principle number 5: Keep AI responsible, accountable, and oriented towards humans.
Generally speaking, AI is both the most effective and most defensible when employed to assist and enhance human execution and decision-making rather than replacing it.
Particularly in applications that carry significant impacts on individuals' livelihoods and well-being, the limits of AI must be acknowledged as a heuristic for determining the right level of human intervention to ensure moral agency and culpability. As should be the case with all technologies, the impact of AI should be in elevating humanity, not in undermining, endangering, or replacing it.
Here are the humans who Palantir’s AI is accountable and responsible toward:
THREE classes of shares: A, B, and F
Class A is one vote, class B is 10 votes, class F is…
Different for each PROPOSAL because their voting rights are dictated by a Founders Trust Agreement, but effectively they are equivalent to 901.926 votes per share
Depends on who shows up at the annual meetings, held by founders
Thiel: 36% influence, Karp: 32% influence, Cohen: 26% influence
2. Big news in boomerangs! Former Disney executives return as advisers to chief Bob Iger - Financial Times
Kev Doll Mayer and Tom Staggs are BAAAAAACK!
Mayer became the CEO of popular social media app TikTok, and the COO of the parent company ByteDance. While this seemed like a great new endeavor, Kevin Mayer left after only three months due to the Trump administration’s attempt to ban the app.
The ditched ex-Disney execs started Candle Media
1. And finally, Elon Musk cares little for your laws: Elon Musk is bringing Tesla showrooms to Native American tribal land to get around local car dealership laws. The laws protecting dealerships are stupid, but Elon Musk is the gambling and tobacco of cars now… also, this:
With Starlink, Elon Musk’s Satellite Dominance Is Raising Global Alarms
Musk’s deep love of unregulated everything:
Native American land!
Outer space!
Twitter!
Brain implants!
Digging tunnels with no safety features!
Jessie1
FERC takes a big step to get more clean energy on the US grid
Federal Energy Regulatory Commission approved a sweeping set of reforms: FERC Order 2023
Which will require U.S. grid operators and utilities to undertake what FERC Chair Willie Phillips described as “the largest and most significant set of interconnection reforms” in the past two decades.
Background: At the end of 2022, more than 2,000 gigawatts’ worth of projects, the vast majority of them wind, solar and battery storage, were seeking grid interconnection.
To put in perspective- 1 gigawatt is enough energy to power 750,000 homes
More stringent deadlines and financial penalties for energy project developers to secure financing and land rights for proposed projects before adding them to interconnection queues
Will imposes financial penalties on grid operators and utilities that fail to stick to new timelines
The law—which was signed by Republican Gov. Sarah Huckabee Sanders earlier this year and set to take effect Tuesday—would have created a new process to challenge library materials
District Judge Timothy Brooks paused the law from going into effect while a challenge brought by several library groups works its way through the court system, because of the potential the plaintiffs’ First Amendment rights would be restricted.
Had the law not been halted, it would have also been a criminal offense to knowingly provide a minor with any material that is “harmful,” meaning it includes nudity or sexual content or the current community standards consider it unsuitable for minors.
If a librarian or bookseller was found to violate the law they could have been charged with a class A misdemeanor, punishable by up to one year in jail and a $2,500 fine in the state
As a reminder: PEN America warns that book bans disproportionately affect stories with LGBTQ+ themes or characters and stories with prominent characters of color.
Go to our Instagram where we posted a chart that clearly shows the way we travel in hurting the Earth
Our data clearly shows that out of the ten worst carbon performers in the S&P 500- 3 are cruise line companies- Carnival, Royal Caribbean and Norwegian
And soon you won’t be able to gorge yourself on room temp chicken fingers and fries, washed down with sugar-laden frozen daiquiris & pina coladas at no additional cost: Cruises are increasingly adopting the strategy of budget airlines: Get ready to pay more for all the extras.
Musk continues to stir the pot: Twitter restores Kanye West's account after ban
Musk reinstated former US President Donald Trump's account last November after conducting a poll with 51.8% voting in favor
Coqual, a global nonprofit that researches bias in the workplace, surveyed over 5,000 full-time employees in order to understand gender bias and the ways it manifests at work.
Unsurprisingly, they found gender matters. Women, particularly women of color, report being left behind, while trans professionals report the most microaggressions.
Of course, we already knew that because the boards of public companies mirror these findings
