David Lidsky's Blog, page 373

Caroline Ellison, star witness in FTX crypto fraud trial that put SBF away for 25 years, is sentenced to 2 years in prison

Ellison, the former CEO of Alameda Research, was praised for her cooperation in testifying against her former boss and ex-boyfriend Sam Bankman-Fried.

Caroline Ellison, a key witness in cryptocurrency mogul Sam Bankman-Fried’s multibillion-dollar fraud trial, was sentenced to two years in prison on Tuesday in U.S. federal court.

Teamsters union workers end strike at BorgWarner after approving new contract

Teamsters Union workers at BorgWarner were on strike over the past two weeks.

The Teamsters Union, which represents more than 700 workers at BorgWarner, said on Tuesday it has reached an agreement for a new four-year contract with the auto parts maker.

Port strike next week appears likely, seaport CEO says

A prolonged port strike would almost certainly hurt the U.S. economy.

The chief executive over Georgia’s two booming seaports said Tuesday that a strike next week by dockworkers across the U.S. East and Gulf coasts appears likely, though he’s hopeful the resulting shutdown would last only a few days.

Teenagers are stealing strangers’ Nike zippers. Blame TikTok

People are going viral for either showing their collection of removable zippers or mourning their now-zipperless backpacks.

Teenagers have found a new way to amuse themselves: Stealing people’s backpack zippers. Not just any zippers, specifically Nike Elite backpack zippers. Why? You’ll have to ask a teenage boy that one. 

Should you be worried about AI?

From law enforcement to deepfakes, there are many AI uses to think about for the future.

I’ve worked in AI for 13 years and I’ve encountered a lot of people worried about it. In my opinion, they are worried about the wrong thing. But their worries generally fall into two categories:

Coca-Cola’s play for Gen Z failed—but an exciting new flavor is coming in 2025

Spiced Coke might not have worked out, but the soda company says it has other plans to convert young consumers back from seltzer water and energy drinks.

It turns out Spiced Coke is not It.

3 reasons to transition to sustainable technology

You can make this change for non-environmental and noneconomic reasons.

The vast majority of new energy capacity installed in the United States this year will be sustainable, primarily solar and storage. This is not a surprise given the low cost of installing new equipment relative to non-sustainable sources—as well as the environmental imperative that sometimes results in climate policy favorable to renewables.

What to know before you get a store credit card

It’s important to pay your card in full each month. It’s also a good practice to spend only what you can afford to pay off in one billing cycle, even if your line of credit is higher.

When Mykail James was 19 and working a holiday job at Victoria’s Secret, she took out a store credit card with a $2,000 credit line.

Biden administration proposes ban on U.S. sales of cars equipped with Chinese, Russian tech

‘This is not about trade or economic advantage. This is a strictly national security action,’ U.S. commerce secretary says.

The Commerce Department said Monday it’s seeking a ban on the sale of connected and autonomous vehicles in the U.S. that are equipped with Chinese and Russian software and hardware with the stated goal of protecting national security and U.S. drivers.

‘Short corn’ could take over the Midwest’s cornfields

It’s being tested in the Midwest with the promise of offering farmers a variety that can withstand powerful windstorms that could become more frequent due to climate change.

Taking a late-summer country drive in the Midwest means venturing into the corn zone, snaking between 12-foot-tall green, leafy walls that seem to block out nearly everything other than the sun and an occasional water tower.