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The article is an attack on Peter Thiel, not SVB. Also seems thin on facts, and just "SVB is getting bailed out, and hence some rich guy stays rich". Given that both the Fed and the Bank of England have decades-old laws protecting the financial system long before (tech) billionaires, this article seems even more ridiculous.

Context: https://en.wikipedia.org/wiki/New_Statesman

> Today, the magazine is a print–digital hybrid. According to its present self-description, it has a liberal and progressive political position.[3] Jason Cowley, the magazine's editor, has described the New Statesman as a publication "of the left, for the left"[4] but also as "a political and literary magazine" with "sceptical" politics.



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>And as far as I can tell the whole SoftBank funded fake tech masquerade thing is starting to melt down, so?

If you think this starts and ends with SoftBank, you're crazy. SoftBank may be the biggest and worst offender, but this stuff is rampant in SV and the VC world. It goes well beyond the last few months.

You can pretend this is exaggeration, but public sentiment is starting to turn.

>What about the New York Economy. What about the DC Economy. What about the Texas Economy.

What about them?

This article is about the Silicon Valley Economy. Are you asserting that the NYT doesn't write articles covering wars or Wall Street scandals or political controversy? Their pages are filled with them. Go read those if that's what you're looking for.



The message: White-collar business owners and key founding personnel should not receive vast compensation.

Hacker News: White-collar business owners and key founding personnel.

Hacker News Response: Outrage!

(To be fair, though, the Guardian is frothingly liberal, and as a merely left-of-center liberal I can honestly say it usually makes me wince.)


'A company founded by his father in law' is not '[his] family firm', the article doesn't improve from there.

Whoever heard of 'The London Economic' anyway? Seems like a digital tabloid. Flagged because of above, and I can't see what decent discussion can possibly be had between the inevitable political flaming.


> it's a little bit disturbing just how misinformed and one-sided the article is.

Redundant, you are reading Business Insider.


Fun thing: I went on twitter to tell him his editor missed fact checking on that completely. Turns out the author of the piece is "Founding editor of Business Insider U.K.".

Update: He has replied and said he would look into it and correct it. Being that he's aware of the discussion here, i suspect other things might get corrected too. :)

https://twitter.com/Jim_Edwards/status/529588985690337280


> On second glance, this whole article is borderline troll bait.

If you look closely, the article was written by Business Insider[0], which is not what I would call a trustworthy source.

0: http://en.wikipedia.org/wiki/Business_Insider


> to bring diversity of opinion to the newspaper

But the author of the article is a bloomberg employee.

https://www.bloomberg.com/opinion/authors/ASj7dG4ftKY/andy-m...

> that's where "op-eds" got their name from, literally opposite the editorial board.

No. It got it's name from being "opposite of the editorial page". Not the editorial board.

https://en.wikipedia.org/wiki/Op-ed


> Both companies have pragmatically mixed progressive ideas with more traditional ones such as encouraging internal competition and measuring performance.

Apparently the author and his editors failed to notice that he has already disassembled his straw man before he starts attacking it...


The headline at issue:

> A Harvard Professor Doubles Down: If You Take Epstein’s Money, Do It In Secret

And the article: https://www.nytimes.com/2019/09/14/business/lessig-epstein-i...


>> "Bloomberg LP competes with Zero Hedge in providing financial news and information."

Translation: "Yes, we're attacking the competition."

_____

Reply-To-Comments-Below:

All editors make choices, and to me, this was the wrong choice.

All this does in validate ZeroHedge is a threat and makes Bloomberg look like a wannabe thug.

Beyond that, appears ZeroHedge made something of this disclaimer too: http://www.zerohedge.com/news/2016-04-29/full-story-behind-b...


The third paragraph:

>Paul Graham, a venture capitalist and one of the founders of the startup incubator Y Combinator, would have you believe this rising inequality is a good thing. Or, at very worst, the inevitable consequence of a good thing.

Times like this makes me think that different parties write the article titles than those who write the articles.


The headline, here, should be:

"Founders Fund is investing in a number of biotechnology companies to extend human lifespans."

This is a useful and interesting piece of information.

Thiel's belief that's he going to buy his way out of being hit by a bus tomorrow is silly and it's really hard to not make wise-ass comments about it...


The second article has the following subtitle:

> The mania over ride-sharing and delivery companies has at times been absurd

and closes with these words

> In the flywheel economy hope and hype spring eternal, at least as long as interest rates remain low and capital is essentially free.

Hardly an example of what you accused the newspaper of.


> Apparently $356M is nearly $0 to the WSJ

That is a pretty awful click-bait title. Presumably the "$0" is in reference to their sub $1 share price?

The fact that they put everything behind a paywall _and_ slap on click-bait titles is confusing to me. I can't imagine paying for access to that type of writing.


>https://www.nytimes.com/2021/02/22/opinion/bon-appetit-cance...

Seems like a mainstream article. Not sure what the point of this was? I didn't look at the articles mentioned in this article so if that was your point then let me know so I can review them.

> https://www.wsj.com/articles/academic-freedom-is-withering-1...

I got a paywall so I could only read part of the article. The first part of the article seems to agree with my point that viewpoint discrimination is in fact happening. I didn't get to anything about newspapers before I got the paywall so I don't know what exact this had to do with what I posted. The article seemed quite mainstream to me though.

> depending on if you consider george will "mainstream"- he is an establishment conservative which certainly is a dissenting viewpoint at the washington post

I am getting a paywall so I couldn't read the article, but it seemed mainstream. Based on what I could gather it sounds like he supports a more fiscally responsible stimulus and to have it targeted to people who actually need it rather than to everybody. Assuming that is the gist of the article then I think that is decently mainstream. I would agree that it is a dissenting viewpoint for the Washington Post though.

>not a newspaper, but a national magazine a front page article with a definitively non-mainstream message

This article was pretty long so I skimmed it (so if I missed an important detail let me know). It sounds like a mainstream message. Gun ownership and protection of oneself with guns is a mainstream message in the US. Maybe it is a bit non-mainstream since the author is a socialist, but nothing stood out as out of the norm.


> I wonder how "Wall Street is not your friend" would play in the NY Times

Well. The New York Times is generally for more financial regulation. If you're calling for a FINRA, SEC, CFPB, House Financial Services Committee, Senate Banking Committee and state-by-state financial services regulatory equivalents for tech, then you'll probably find yourself in agreement with (a) the New York Times, (b) most of the media and (c) a growing fraction of legislators and the American electorate. Partly because of what happened. Largely because of the flippant response the offending companies, and our Silicon Valley culture as a whole, has had to the complaints.


> ...unrelated to the newspaper

This piece was paid for and printed by the Times. It might have been edited by the Times as well. It's not a letter to the editor.

Either way, Taplin considers himself an expert on Silicon Valley culture and seems to have problems objectively describing at least this part of it.


> Honestly am impressed at how wasteful such articles are in how little content they actually contain.

The Economist isn't a tech publication. A lot of the context around tech layoffs is more familiar to HN than the average reader.

The article seems to be 100% content and context to me. No waste at all. You personally just happen to know a lot of the context already. But that doesn't make it "waste".

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