The Daily Zap — Latest News and Updates \ stacker news ~alter

Howdy Stackers

Welcome to the 24th edition of The Daily Zap — A Daily Newspaper (Kind of 🙏). Here, you'll get links to all of the latest news and updates mostly from the last 24 hours, divided in Sections (much similar to pages on a newspaper).

Let's unfold!

~Bitcoin News of the Day

Who was Len Sassaman, and why might HBO think he is Satoshi Nakamoto?

There is circumstantial evidence to support the theory that Sassaman was Nakamoto. Sassaman left behind an impressive list of publications, conference presentations and other academic activity — certainly enough to convince a nonspecialist of his capability of inventing Bitcoin. He was a member of the International Financial Cryptography Association and regularly spoke on financial cryptography.

Global Trade & ~Econ

Why World Economy is Facing Stagnation?

The exultation over the acceleration of GDP growth in the neo-liberal period, compared with the dirigiste period, would appear to be entirely misplaced. And if the growth rate of GDP has scarcely increased compared with earlier, while inequalities have widened significantly, then the assertion that the condition of the working people has deteriorated in the neo-liberal period, as is clearly shown by other indicators, such as nutritional intake figures, would be even more firmly established.

~Politics_and_Law

What Russia wants from Israel-Iran escalation: Chaos good, war bad

Russia’s foreign policy under President Vladimir Putin has revolved around a “multipolar world,” an alternative to the US-led world order. With heightened prospects of a direct confrontation between Israel and Iran, and the war also expanding decisively into Lebanon, what does this latest crisis mean for Russia’s interests as a global power?

~Stacker_Sports News

NFL Players Say Media Policy Is 'Outdated,' Want Interviews Outside Of Locker Room After Nude Incidents

Controversy has hit the National Football League (NFL) as players on some teams and at least one club - the Cincinnati Bengals - announced that they would not be doing interviews in their locker room. The decision has been taken to prevent players being caught on camera in uncompromising situations or totally naked.

~Tech & ~Science

Meta, challenging OpenAI, announces new AI model that can generate video with sound

Facebook owner Meta (META.O), opens new tab announced on Friday it had built a new AI model called Movie Gen that can create realistic-seeming video and audio clips in response to user prompts, claiming it can rival tools from leading media generation startups like OpenAI and ElevenLabs.

~History with Mystery

The Richter Scale’s California Origins

"On the morning of October 21, 1868, a massive quake struck the San Francisco Bay Area, home to 260,000 people. Nearly every dwelling and building in the town of Hayward—built directly on top of the Hayward Fault—was leveled by the quake, which claimed 30 lives across the region. It wasn’t until the historic 1906 San Francisco earthquake that pioneering seismologist Andrew Lawson first mapped the San Andreas and other active fault lines, explaining why California was so prone to earthquakes."

~Entertainment World

Was O.J. Simpson in Jail With the Menendez Brothers? The Truth About the ‘Monsters’ Scene

After O.J.’s ex-wife, Nicole Brown, was stabbed to death, the former athlete was charged with her murder. However, on the day he was supposed to turn himself into the authorities in June 1994, O.J. took off in his 1993 Ford Bronco, leading to a low-speed police chase on California’s 405 Freeway. He was subsequently arrested and put on trial for most of 1995.

Thanks for reading 🙏

120 sats \ 0 replies \ @IamSINGLE 6 Oct

Russia knows it can't fight elsewhere. Iran will have to fight it all alone. No Arabs, no China, no other big country except houti, hamas, hezobollah.

20 sats \ 5 replies \ @Undisciplined 5 Oct

That article in ~econ misconstrues just about everything that could be misconstrued. Unfortunately, that is par for the course when it comes to economics coverage in the media.

Positive GDP growth is most analogous to an acceleration of economic activity. "Slowing down" and "accelerating less rapidly" are qualitatively different things. The level of entitlement involved in calling persistent economic gains "stagnation" is astounding to me.

The author really doesn't seem to understand the contradiction between talking about slower growth as though it were rising poverty.

There is a decent critique of how governments counterproductively try to increase demand through monetary stimulus, though.

72 sats \ 4 replies \ @Coinsreporter OP 5 Oct

Thanks for your insights. After reading your comment, I read it again and I've to agree with you.

20 sats \ 3 replies \ @Undisciplined 5 Oct

It is interesting that economic growth is slowing down, but almost everything the author said about it made no sense and just seemed like they were trying to jam their political agenda into a bunch of facts that don't fit it.

74 sats \ 2 replies \ @Coinsreporter OP 5 Oct

It's the best we can expect from Indian media. However, I wanna know your reaction on the following.

It is only the US that has the capacity to autonomously lower its interest rates to whatever it considers appropriate for stimulating aggregate demand (which would then allow other countries too to lower their interest rates). But the interest rates in the US for much of the recent period were close to zero and still there was no revival of the world economy. On the contrary, such low interest rates maintained over a long period had the effect of emboldening corporates in that country to raise their profit mark-ups and give rise to an acceleration of inflation, as has occurred of late.

20 sats \ 1 reply \ @Undisciplined 5 Oct

I agree with the last part. ZIRP was definitely inflationary.

I'd need to see someone actually make the case that it led to higher mark-ups. If anything, I'd expect the opposite (although I don't think "profit mark-ups" is the right way to think about it), because in higher interest rate environments a business could always just earn passive income rather than spend on marginally productive things.

73 sats \ 0 replies \ @Coinsreporter OP 5 Oct

Thanks 😊 I got it. The first part is definitely a nonsense. How can US or if we combine all other bigger economies together, still none can dictate things for market how they wish. I won't include Indian Media output in 'The Daily Zap' until I see it covered elsewhere.

20 sats \ 0 replies \ @Msd0457890 5 Oct

Excellent news summary 🗞️.

0 sats \ 0 replies \ @Christine 5 Oct outlawed

stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.