News for hackers. Stuff that matters.
Re:For the First Time, the Fed Is Losing Money by bryanlarsen on Tuesday March 28, 2023 @08:42AM (#35339976)
Bad apples is a very apt term.

A few bad apples spoils the bunch. You can have thousands of apples in a barrel, but a couple of bad ones can quickly make the whole barrel worthless.

For example, the New York Times makes the right call on integrity vs profits, access, etc dozens of times a day for years. Then one time 20 years ago they make the wrong call vis a vis Iraq weapons of mass destruction, and they've almost completely destroyed their integrity. Seems unfair, but as a consumer we can no longer trust them, and probably never should have.

Re:For the First Time, the Fed Is Losing Money by boringg on Tuesday March 28, 2023 @09:20AM (#35340594)
Sure some damage from that but destroyed their credibility - I think it sounds like your coming at them with a significant grudge.
Re:For the First Time, the Fed Is Losing Money by PathOfEclipse on Tuesday March 28, 2023 @10:06AM (#35341321)
NYT have destroyed their credibility for numerous reasons, both past and present: https://www.amazon.com/Gray-Lady-Winked-Misreporting-Fabrica...
Re:For the First Time, the Fed Is Losing Money by boringg on Tuesday March 28, 2023 @12:43PM (#35343935)
Pretty poor source of information. I just spent a couple seconds going over the authors twitter feed confirms what I would have suspected.
Re:For the First Time, the Fed Is Losing Money by PathOfEclipse on Tuesday March 28, 2023 @01:22PM (#35344611)
https://en.wikipedia.org/wiki/Genetic_fallacy

This is probably one of the most commonly-used fallacies I see people used to deal with cognitive dissonance caused by information that might make them uncomfortable.

Re:For the First Time, the Fed Is Losing Money by boringg on Tuesday March 28, 2023 @02:54PM (#35346047)
I mean to get through life without having to run every single thing down you use heuristics to evaluate whether it is worth pursuing the details or not. My heuristic wrote off whether looking at pursuing his perspective is worth it or not based on the comments in his twitter feed which seem to match up perfectly with his charges. It's why credentials have value.
Re:For the First Time, the Fed Is Losing Money by PathOfEclipse on Wednesday March 29, 2023 @11:59AM (#35359114)
I don't know what's on his twitter feed, but I've yet to see a single rebuttal to any of the main highlights of that book. Don't be blind to the truth because of your own personal biases.

I just scanned his twitter feed and I don't see anything terribly problematic, so I'm not even sure what you're referring to that would make you ignore him.

Re:For the First Time, the Fed Is Losing Money by waboremo on Tuesday March 28, 2023 @09:49AM (#35341025)
I wonder why so many believe a for profit institution could ever care about integrity.
Re:For the First Time, the Fed Is Losing Money by wolfi008 on Tuesday March 28, 2023 @10:10AM (#35341371)
We all do our jobs for money. That is, for a profit.

Are you claiming that none of us has integrity in our professional work?

Articles are not written by institutions. They are written by individuals. Just like the code I write every day. For money.

Re:For the First Time, the Fed Is Losing Money by waboremo on Tuesday March 28, 2023 @04:45PM (#35347567)
What an absurd argument. Not everyone works at a for profit publicly traded company.
Re:For the First Time, the Fed Is Losing Money by doubleg72 on Tuesday March 28, 2023 @10:12PM (#35351276)
Hmm, not sure I see where that was ever an argument. Regarding what was actually said, if you work for pay, that is typically considered profit.
Re:For the First Time, the Fed Is Losing Money by bryanlarsen on Tuesday March 28, 2023 @09:58AM (#35341208)
I believe that ~99% of the people at the NYT care about integrity. But 99% isn't enough.
Re:For the First Time, the Fed Is Losing Money by lazide on Tuesday March 28, 2023 @12:44PM (#35343952)
It’s very unlikely to be 99%.

I would say 99% of them want to be paid.

And that 99%ish of them realize that they need to at least look like they have integrity to be paid.

And if asked, I’m sure 99% of them would admit that the best way to keep getting paid and look like they have integrity is to actually have integrity.

usually where the problems happen is when they can’t see the disconnect between their day to day actions and the long term goal, or when they hit a challenge where they can’t do what they need to do - and then can’t take ownership of what they did and instead hide/project/deny, etc.

I’m guessing less than 90% would really have actual integrity, and the rest should hopefully be kept in check by fear of discovery or whatever. But things slip through regardless.

Re:For the First Time, the Fed Is Losing Money by losteric on Tuesday March 28, 2023 @09:57PM (#35351129)
I'm all for socialism, communism. That's what you're proposing, right?

Otherwise you're saying "can't trust the status quo, can't trust the alternative" - noise, at best.

Re:For the First Time, the Fed Is Losing Money by wolfi008 on Tuesday March 28, 2023 @10:07AM (#35341336)
> Then one time 20 years ago they make the wrong call vis a vis Iraq weapons of mass destruction, and they've almost completely destroyed their integrity.

If you think about the Iraq war whenever your read a piece by a journalist in the NYT, even if that journalist wasn't even out of their diapers at that time, then you may need to re-adjust your grudges.

Re:For the First Time, the Fed Is Losing Money by nathan_compton on Tuesday March 28, 2023 @10:18AM (#35341517)
> but as a consumer we can no longer trust them, and probably never should have.

This doesn't follow. I'm not a fan of the mainstream media by any means, but trust is not an all or nothing thing. It is entirely possible to develop a relatively sophisticated relationship with news media and to assign different levels of trust to different elements of what is encountered. Indeed, one might even vary their level of trust on a sentence by sentence basis!

The idea that the media must be entirely correct and entirely unbiased is jejune. It isn't the world we live in, has never been the world we live in. Take a little epistemological responsibility.

Re:For the First Time, the Fed Is Losing Money by insanitybit on Tuesday March 28, 2023 @10:23AM (#35341596)
Empirically it sounds like you should trust them.
Re:For the First Time, the Fed Is Losing Money by edmundsauto on Wednesday March 29, 2023 @06:02PM (#35364431)
Are there any large orgs that haven't made a significant misstep in the past 20 years? It sounds like this could be shortcutted into "don't trust any organizations" which rounds to ... not useful? Some organizations can be trusted more than others, and "trust" should be multi-dimensional.