#Money in the Bank 2012 | Explore Tumblr Posts and Blogs

phantomrose96 · 2 months

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If anyone wants to know why every tech company in the world right now is clamoring for AI like drowned rats scrabbling to board a ship, I decided to make a post to explain what's happening.

(Disclaimer to start: I'm a software engineer who's been employed full time since 2018. I am not a historian nor an overconfident Youtube essayist, so this post is my working knowledge of what I see around me and the logical bridges between pieces.)

Okay anyway. The explanation starts further back than what's going on now. I'm gonna start with the year 2000. The Dot Com Bubble just spectacularly burst. The model of "we get the users first, we learn how to profit off them later" went out in a no-money-having bang (remember this, it will be relevant later). A lot of money was lost. A lot of people ended up out of a job. A lot of startup companies went under. Investors left with a sour taste in their mouth and, in general, investment in the internet stayed pretty cooled for that decade. This was, in my opinion, very good for the internet as it was an era not suffocating under the grip of mega-corporation oligarchs and was, instead, filled with Club Penguin and I Can Haz Cheezburger websites.

Then around the 2010-2012 years, a few things happened. Interest rates got low, and then lower. Facebook got huge. The iPhone took off. And suddenly there was a huge new potential market of internet users and phone-havers, and the cheap money was available to start backing new tech startup companies trying to hop on this opportunity. Companies like Uber, Netflix, and Amazon either started in this time, or hit their ramp-up in these years by shifting focus to the internet and apps.

Now, every start-up tech company dreaming of being the next big thing has one thing in common: they need to start off by getting themselves massively in debt. Because before you can turn a profit you need to first spend money on employees and spend money on equipment and spend money on data centers and spend money on advertising and spend money on scale and and and

But also, everyone wants to be on the ship for The Next Big Thing that takes off to the moon.

So there is a mutual interest between new tech companies, and venture capitalists who are willing to invest $$$ into said new tech companies. Because if the venture capitalists can identify a prize pig and get in early, that money could come back to them 100-fold or 1,000-fold. In fact it hardly matters if they invest in 10 or 20 total bust projects along the way to find that unicorn.

But also, becoming profitable takes time. And that might mean being in debt for a long long time before that rocket ship takes off to make everyone onboard a gazzilionaire.

But luckily, for tech startup bros and venture capitalists, being in debt in the 2010's was cheap, and it only got cheaper between 2010 and 2020. If people could secure loans for ~3% or 4% annual interest, well then a $100,000 loan only really costs $3,000 of interest a year to keep afloat. And if inflation is higher than that or at least similar, you're still beating the system.

So from 2010 through early 2022, times were good for tech companies. Startups could take off with massive growth, showing massive potential for something, and venture capitalists would throw infinite money at them in the hopes of pegging just one winner who will take off. And supporting the struggling investments or the long-haulers remained pretty cheap to keep funding.

You hear constantly about "Such and such app has 10-bazillion users gained over the last 10 years and has never once been profitable", yet the thing keeps chugging along because the investors backing it aren't stressed about the immediate future, and are still banking on that "eventually" when it learns how to really monetize its users and turn that profit.

The pandemic in 2020 took a magnifying-glass-in-the-sun effect to this, as EVERYTHING was forcibly turned online which pumped a ton of money and workers into tech investment. Simultaneously, money got really REALLY cheap, bottoming out with historic lows for interest rates.

Then the tide changed with the massive inflation that struck late 2021. Because this all-gas no-brakes state of things was also contributing to off-the-rails inflation (along with your standard-fare greedflation and price gouging, given the extremely convenient excuses of pandemic hardships and supply chain issues). The federal reserve whipped out interest rate hikes to try to curb this huge inflation, which is like a fire extinguisher dousing and suffocating your really-cool, actively-on-fire party where everyone else is burning but you're in the pool. And then they did this more, and then more. And the financial climate followed suit. And suddenly money was not cheap anymore, and new loans became expensive, because loans that used to compound at 2% a year are now compounding at 7 or 8% which, in the language of compounding, is a HUGE difference. A $100,000 loan at a 2% interest rate, if not repaid a single cent in 10 years, accrues to $121,899. A $100,000 loan at an 8% interest rate, if not repaid a single cent in 10 years, more than doubles to $215,892.

Now it is scary and risky to throw money at "could eventually be profitable" tech companies. Now investors are watching companies burn through their current funding and, when the companies come back asking for more, investors are tightening their coin purses instead. The bill is coming due. The free money is drying up and companies are under compounding pressure to produce a profit for their waiting investors who are now done waiting.

You get enshittification. You get quality going down and price going up. You get "now that you're a captive audience here, we're forcing ads or we're forcing subscriptions on you." Don't get me wrong, the plan was ALWAYS to monetize the users. It's just that it's come earlier than expected, with way more feet-to-the-fire than these companies were expecting. ESPECIALLY with Wall Street as the other factor in funding (public) companies, where Wall Street exhibits roughly the same temperament as a baby screaming crying upset that it's soiled its own diaper (maybe that's too mean a comparison to babies), and now companies are being put through the wringer for anything LESS than infinite growth that Wall Street demands of them.

Internal to the tech industry, you get MASSIVE wide-spread layoffs. You get an industry that used to be easy to land multiple job offers shriveling up and leaving recent graduates in a desperately awful situation where no company is hiring and the market is flooded with laid-off workers trying to get back on their feet.

Because those coin-purse-clutching investors DO love virtue-signaling efforts from companies that say "See! We're not being frivolous with your money! We only spend on the essentials." And this is true even for MASSIVE, PROFITABLE companies, because those companies' value is based on the Rich Person Feeling Graph (their stock) rather than the literal profit money. A company making a genuine gazillion dollars a year still tears through layoffs and freezes hiring and removes the free batteries from the printer room (totally not speaking from experience, surely) because the investors LOVE when you cut costs and take away employee perks. The "beer on tap, ping pong table in the common area" era of tech is drying up. And we're still unionless.

Never mind that last part.

And then in early 2023, AI (more specifically, Chat-GPT which is OpenAI's Large Language Model creation) tears its way into the tech scene with a meteor's amount of momentum. Here's Microsoft's prize pig, which it invested heavily in and is galivanting around the pig-show with, to the desperate jealousy and rapture of every other tech company and investor wishing it had that pig. And for the first time since the interest rate hikes, investors have dollar signs in their eyes, both venture capital and Wall Street alike. They're willing to restart the hose of money (even with the new risk) because this feels big enough for them to take the risk.

Now all these companies, who were in varying stages of sweating as their bill came due, or wringing their hands as their stock prices tanked, see a single glorious gold-plated rocket up out of here, the likes of which haven't been seen since the free money days. It's their ticket to buy time, and buy investors, and say "see THIS is what will wring money forth, finally, we promise, just let us show you."

To be clear, AI is NOT profitable yet. It's a money-sink. Perhaps a money-black-hole. But everyone in the space is so wowed by it that there is a wide-spread and powerful conviction that it will become profitable and earn its keep. (Let's be real, half of that profit "potential" is the promise of automating away jobs of pesky employees who peskily cost money.) It's a tech-space industrial revolution that will automate away skilled jobs, and getting in on the ground floor is the absolute best thing you can do to get your pie slice's worth.

It's the thing that will win investors back. It's the thing that will get the investment money coming in again (or, get it second-hand if the company can be the PROVIDER of something needed for AI, which other companies with venture-back will pay handsomely for). It's the thing companies are terrified of missing out on, lest it leave them utterly irrelevant in a future where not having AI-integration is like not having a mobile phone app for your company or not having a website.

So I guess to reiterate on my earlier point:

Drowned rats. Swimming to the one ship in sight.

#chrissy speaks #long post #-gestures broadly-

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txttletale · 11 months

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My question about growth/the venture capitalist mindset is like … how have venture capitalists and the like not figured this out already? It’s been a decade, give or take a few years, since the internet started being monetized to hell and back, and if we all know they’re not really making a profit (bc no one clicks on ads, obviously) then why are the structures still in place?im looking at all this and I feel like a dunce bc I just don’t get how ppl can keep ofunelling money into something that we all know doesn’t work lol ! :0

there's a couple reasons for this, but the tldr of it is that if you're wile e. coyote and you're running in the air over the edge of a cliff, it's in your material interests not to look down

let's say you're a venture capitalist and you've put $10 million into hypnospace, the hot new social media site. when you invest into a company, you invest at a certain price--the company has an idea of how much it's worth, and that determines what price they'll sell their shares at. let's say you buy at $10 a share, so you have a million shares in hypnospace. that $10-a-share-valuation was based on hypnospace telling you (in, say, 2012, when this was still believable and even seemed self-evident) that becuse they were seeing huge growth in daily active users, they'd eventually become insanely profitable.

now usually even you, a venture capitalist, a lifeform mostly resembling a parasitic flatworm, might be a little cautious about this investment. will they really become profitable? it seems risky. however because it's 2012, the US federal reserve has been giving out loans at their ZIRP (zero interest rate policy) for four years in a response to the 2008 financial crisis. what that means is that it's incredibly cheap for banks to borrow money, which in turn means it's incredibly cheap for you, a venture capitalist, to borrow that money from banks. when money is cheap, risky investments make a lot of sense--when you can get an extremely low-interest-rate loan, throwing that money down the toilet is unfortunate but no longer catastrophic. so you put your $10 million into hypnospace because the risk is artificially lowered by the ZIRP, making it well worth the reward.

now it's five years later and it's 2017 and it's becoming increasingly clear that hypnospace.horse is probably not going to became the new facebook and that perhaps there will in fact only be one facebook. bummer. but you've still got a million shares in it. this means that you're directly invested--not in the company becoming profitable, but in the valuation of that company going up. if people can be convinced to buy hypnospace shares at $12-a-share, you can make off with a cool $2 million even though the website never did anything useful or made any money. on the other hand, if people start thinking 'hey, this website has never made any money and it's obviously never going to, why would we buy shares in it'--shares plummet to $1 a share, and you're out $9 million! worst case scenario!

so even if you, the venture capitalist, realize that the website's a boondoggle, it's in your best interest to convince everyone around you that no, it really will become profitable, and its shares (that you hold some of!) are really valuable and you should want to buy them. and this doesn't just mean lying to other venture capitalists (although they love doing this)--capitalists pay close attention to sales of stocks. if you realize that hypnospace is never going to make money and decide to cut your losses and abruptly offload all million shares, other capitalists will interpret that for what it means--that you've totally lost confidence in seeing return on your investment--and many of them will panic and also start selling their shares, while capitalists with no hypnospace shares will think 'boy, this hypnospace thing seems like a real wash, i don't want to buy shares in that'.

so what do you do? you keep putting money in. if the company's increasing in valuation the more it grows, then even if you're crystal-clear aware that growth has no path to profitability, you still gain wealth for every month that the business stays afloat by burning money, because the valuation goes up and your shares are worth more. the ideal outcome for a venture capitalist investing into a tech company is to make a big investment, let the company bleed money while it grows for several years, then sell--not all at once, not abruptly, and not while the price is in stagnation or decline. it's one big game of hot potato for when the gig is finally up. not every venture capitalist has to be a totally credulous dipshit--just the last one in the line.

#ask #now a lot of the calculus on this has changed with interest rates on the rise again #but this explains basically the last decade of the tech sector

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forgetful-nerd · 3 months

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I fully believe that if rottmnt came back (or, ya know, just continued as it should have), the mud dogs would’ve become the most inconvenient, pain-in-the-ass, reoccurring villains ever.

Mikey is out doing a simple grocery store run? Malicious Micky stole all the ingredients he needs from every store in town just to make the most atrocious meal known to man. And when Mikey tries to stop his unholy abomination of food—he somehow gets doped into diving headfirst into Mickey’s vile concoction, and it takes him weeks to get the smell off his shell.

April has an important test tomorrow? Dastardly Danny found a bazooka and made it her entire neighborhood’s problem. And when Donnie is pulled in for reinforcements, Danny ends up snatching some of his tech, and they go on a wild chase throughout the city as Donnie tries to pry his new inventions out of Danny’s hands, and Danny continuously evades him. By the end of the chase, Donnie does get his tech back, but Danny gives him the slip. And now he is stuck being blamed for millions of dollars worth of property damage and has to run for his life to evade the mob of angry New Yorkers.

Leo is attending a Jupiter Jim convention? Loathsome Leonard is there stealing every collector's item that Leo wants to purchase, and no matter how hard Leo tries to get someone…ANYONE to notice the blatant thieving…no one believes him as Leonard is slick and (surprisingly) charming. This leads to Leo getting lectured by security about making false accusations as Leonard smugly grins at him as he snatches another piece behind the security guard's back, with Leo having the biggest “are-you-fuckin’-kidding-me” face ever.

Raph wants to enjoy a quiet night to himself? Well, that’s too bad. Heinous Green just robbed a bank and, while making his escape, he threw one of the bags of money he was carrying at Raph, which makes Raph an unwilling decoy for the police. Raph spends the rest of the night trying to clear his name as he evades the police, and Heinous Green continues to commit crimes while framing Raph for them. And on top of all of that…..Heinous Green is a big shit-talker. So, whenever Raph is face-to-face with him, Heinous Green taunts him and gets under his skin, causing Raph to lose his cool, fall for his traps, and get framed for more crimes.

All of this culminates into the boys becoming so fed up with the mud dogs that any time they see them, it leads to a fight.

Until one day, while outside enjoying their day, they hear the mud dogs conversing in a dark alleyway. With each turtle having a personal vendetta against the gang, it doesn’t take much for them to agree to a sneak attack on the crew. With each turtle taking positions to block all exits from the alleyway, they spring into action. The rise! Brothers, thinking that they’ve finally gotten the jump on the mud dogs, throw themselves into their attack full-force.

Except, it wasn’t the mud dogs they were jumping. It was the 2012 TMNT boys. This is the start of their first inter-dimensional encounter with their counterparts.

And they are about to get off on the worst foot imaginable.

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sweetsweetjellybean · 7 months

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A night out with friends turns into a surprise welcome home party for the man who broke your heart, Eddie Munson.

Masterlist Listen to Scar Tissue Here

What to expect: Second Chance Romance set in 2012 Chicago, with flashbacks at the beginning of each chapter. Eddie and Steve are in their 30s. Fem!Reader is given a pet name from each of the guys. No other name mentioned. No use of Y/N. No physical description. Reader does have a bit of personality, as I find it nearly impossible to keep her blank for such a long fic. You may find yourself at times making choices that you wouldn't normally make, but I hope you can put that aside and enjoy the ride. Sensitive Content. 18+ Guaranteed happy ending. This is my love letter to Eddie Munson.

WC:5162. Beta'd by @superblysubpar

“Have a good day,” your mother calls out as you shut the front door to the gray clapboard-sided home that your parents had fallen in love with the moment they laid eyes on it. You hadn’t even gotten past the front steps before she appears in the doorway, pulling her purple terry-cloth robe tighter around her shoulders as she calls you back. “You don’t have to come right home after school,” she tells you, pressing a few folded bills into your hand, “Go out with your friends. Have some fun.”

“Thanks, Mom.” You muster up a smile, shoving the bills into the front pocket of your Levi's, certain they will end up in the ceramic pink elephant bank that sits atop your dresser, just like the money she gave you last week. She watches you walk down the steps, giving you a wave before she turns away, shutting the door behind her.

She tries her best, but she doesn't understand that friendships in the seventh grade aren't made as easily as they were in kindergarten, and you can't tell her that in the six weeks you've been enrolled at Hawkins Middle School, not a soul has spoken to you unless asked to by a teacher.

This was the life that your parents had chosen, a career that demanded constant relocation and upheaval. "It's an adventure," they'd tell you as your things were being packed into boxes. But the older you got, it felt less like an adventure and more like a test. A test to prove yourself over and over. There’s a phrase your mom has uttered so often over the years, that it's surprising it's not embroidered on the throw pillows. Bloom where you're planted. But here, in this town, you're only a weed in the garden.

Hawkins isn't any worse or better than any of the other ten places you've lived in the last seven years, but these kids have been together since birth and aren't eager to welcome newcomers into the flock. Pouring your efforts into being confident and friendly, projecting a cool and unbothered facade, the constant exposure has left you empty. The mask is too heavy, and you’ve been wearing it far too long. If this were one of the comics you kept in the box under your bed, you'd be discovering your superpower–Invisibility. They don't see you here, and maybe they never would.

The edges of folded bills in your pocket press into the meat of your thigh. Adding them to your total should give you enough for the new Elastica CD. With a bit of luck, you might be able to talk your dad into driving you to Tower Records in Indianapolis this weekend. A few houses away, the battered front door of a small yellow cape opens with a click and thud, drawing your attention. The house was more run-down than the others on this street. The grass was left to grow a little longer before being mowed, and a few nights a week, you could hear the yelling coming from inside before seeing the slow flash of lights of a cruiser parked in front.

A boy with curly shoulder-length hair bounds out from inside the house, slinging on his worn backpack as he hits the sidewalk.

Right on time this morning.

The scuff of your white Doc Martens falls in step with the crunch of his black Converse hitting the pavement. The chain running from his back pocket to his hip sways with his movements. It’s more of a determined bounce than a walk. Your eyes stay trained on the frayed holes of his Jansport, corners of textbooks and papers pushing through. You keep waiting for physics to kick in and the thing to give way entirely.

“Quit following me.”

His voice floats over his shoulder, shattering the quiet of the morning. Your head swivels from side to side, looking for whoever he is speaking to. His body turns until he’s walking backward, both hands gripping the straps of his backpack, casting his expectant brown eyes on you.

“Me?” You ask, touching your chipped painted fingernails to your chest.

“You’ve been following me for weeks, and it’s creepy.”

“I’m not following you,” you say incredulously, “We’re just going to the same place.”

“Well, walk on the other side of the street or something,” he says, turning back around, continuing on his way like he assumes you’ll comply.

“No.”

Your defiance comes out flat and solid, drawing a line, sick of him and this whole town.

“Yes,” the word comes back without a glance, utterly unbothered by your show of determination.

“No,” you repeat louder, your eyebrows pulling together in a scowl, “If you don’t like it, you walk over there.”

“I was here first.”

“Seriously?” The anger in your chest turns to heat, rising up your neck and settling in your face. Your mouth opens, ready to unleash the venom sitting on the tip of your tongue when he stops walking.

“Might as well walk beside me then.”

Surprise melts the words in your mouth as your feet carry you forward until you’re close enough to see the freckles covering his nose. His eyes stay forward as his stride lines up with yours, moving forward at a more relaxed pace. A light breeze rustles the leaves of the Maples lining the street. The sound of your footsteps is interrupted by the occasional passing car.

“You’re in seventh, right? You got Schnider?” He asks, his eyes darting to your face.

“Yeah.” You nod, looking down at your boots.

"Bad luck. She's a real bitch. I had her last year."

Answering with a shrug, you risk a look back at him. Long eyelashes framing big doe eyes, a sweet face he tries to hide with a hard shell. He wears a mask, too.

Your brain’s on overload for the rest of the day—thoughts of the boy coloring away the hours like a secret, overanalyzing every bit of your interaction. When the shrill sound of the final bell rings, you join the current of students, gathering your belongings and exiting the building in a wave.

The fresh air is a welcome escape from the stuffy classroom as you cross behind the school past the football field, heading toward the path through the woods where the boy is lingering just beyond the gate, digging through his pack but coming up with nothing like maybe he had been waiting. Without a word, he falls into step beside you. When you look at him, this time, he meets your eyes. The sunlight flickers through the swaying leaves as your footsteps resonate through the trees as you continue together.

"I guess I'll see you tomorrow," his voice cuts the quiet air when you reach the front steps of his house, his tone revealing a hint of uncertainty.

"I'll be headed the same way," you answer.

He turns away from you, pausing with his foot on the top step, looking up at his house before looking back at you.

"I'm Eddie, by the way," he offers, his cheeks pinking at the vulnerability his words carry.

"I know," you respond, a small smile gracing your lips as you continue home.

"Shit. Shit. Shit," you mutter, tucking your phone into your clutch and bolting up the marble steps to the second floor of the Kimpton Grey Hotel. Composing yourself as you pass through the lobby and open the double doors into Vol.39. The bar exudes timeless elegance with its dim, warm light shining on the dark-wood accents. Vintage jazz playing through hidden speakers, sounding like smoke and liquor. Everything here is steeped in leather, old money, and sophistication. It's no surprise that Nancy chose it.

"You're late," Nancy says flatly, no amusement in the blue eyes framed by the blunt cut of her black, sleek hair as she glances at her watch with disapproval.

"Sorry." You slide into the open seat on the tufted couch across from her, adjusting the material of your dark emerald midi skirt so the slit wouldn't be showing off too much thigh, "There was traffic." It definitely wasn’t the extra half hour you spent with your feet up on your desk at Stax listening to the new release from Band of Horses.

"This is Chicago. There's always traffic," she counters, keeping her voice low enough that it doesn't travel past the lit bookshelves lined with leather-bound encyclopedias framing the seating area that your friends are currently occupying. "That's why I gave you a time a week ago. So you could plan ahead."

"She’s in a mood," Argyle says from the corner of his mouth, his hair falling around him like a curtain as he leans closer from the velvet upholstered club chair beside you.

"Where's Steve?" Nancy demands, setting down her crystal tumbler on the gray marble table in the center of the space.

"He's not here?" you ask, scanning the bar. "It was Robin’s turn to watch him."

"Me?" Robin exhales from the other end of the couch she shares with Nancy.

"You're his best friend," you point out with a quirk of your brow.

"Yeah, but you're his–"

"I don't know why I bother to organize nights out for all of us if no one is going to be on time," Nancy cuts off Robin, huffing as she crosses her slender arms over her chest.

"It will be fine, Nance," Johnathan reassures, coming back from the bar carrying a flight of martinis he sets down in the center of the table. "Just relax. Everyone's going to be here in plenty of time." He takes the seat beside her, comforting her with his arm around her shoulder.

Nancy and Johnathan have been on again-off again since she left Hawkins for school in Boston. Rekindling their relationship when she moved to Chicago and accepted a position at Spectrum Media, where she still works as their vice-president of content strategy.

"Plenty of time for what?" You ask, leaning forward to choose a martini, picking the Astoria with a knot of lemon.

"There's a mystery guest," Robin says, wriggling her brows and hooking her thumb towards Nancy. “Full of surprises, isn't she?”

"Where's Flora tonight?" You ask Robin, noticing she is without an escort.

"Flora?" She asks, picking up a drink for herself, "That was over a week ago." She dismisses her with a wave of the hand before running it through her wavy blonde streaked locks, "Sadly, she left for a goat herding commune in Sacramento. I've been seeing someone new, a painter named Taylor. She's on exhibit at Magnolia. Her florals are really dreamy." She bites an olive off the end of her toothpick, sighing.

Smiling around the lip of your glass, you shake your head. Robin works as an exhibit coordinator for Magnolia Gallery in Wicker Park, falling in and out of love with artists as quickly as she sells their pieces. You give her credit, she's having fun.

"Did you text him?" Nancy asks, her lips twisting with impatience. The tense clench of her jaw has you setting down your drink and reaching for your clutch with no arguments. "Do you know how hard it was to get this reservation?"

"Then why are we here?" Argyle complains, gesturing around the room while he slumps back in his chair, swirling the amber liquid in his glass with the other. "You know I own like six bars, right? No reservations required."

"But then you'd be working," Nancy explains, as Argyle smoothes out his handlebar mustache.

"I'm always working, babe," Argyle says with a smirk, looking the part of a restaurateur and music promoter in his shiny flat-front trousers and short-sleeved silk shirt.

Argyle is a new friend - meaning not from Hawkins. The California transplant, whose family owns a chain of successful pizza restaurants, has breathed new life into the Chicago music scene. Booking up-and-coming acts as well as big names into his bars and venues all across the city. He's a good friend to have, especially in your line of work–a music journalist for Stax the city's premiere music, arts, and culture magazine.

“He’s on his way,” you inform them, setting your phone face down on the table before settling back on the couch.

“On his way or leaving now?” Nancy shakes her head, knowing with Steve it’s probably the latter. “Why didn’t you ride with him?” She asks, turning toward Jonathan.

“I wasn’t in the office today. I was on a shoot,” he says, pulling his arm away from her and setting his drink down harder than necessary, his patience with her at an end.

Jonathan, like you and Steve, works for the conglomerate Second City Media. Nancy likes to think that she permits the three of you to work for her competitor, but Steve had already gotten his foot in the door, securing himself an entry-level position at Metro Sports division before she was even out of grad school. Jonathan had been doing alright freelancing as a photographer, but when Nancy started at Spectrum, Second City recognized their competitor would wind up with an edge and hired him on as full-time staff. Everyone knows it's better for their relationship not to be working in the same place, especially with Nancy as his boss.

“Give us some clues about this mystery guest,” Robin interjects to lower the temperature between the couple, which is ready to boil over.

"Okay, I'm here." Steve comes from behind you, his voice alerting you to his arrival before you see him. His tie is already missing, the first three buttons of his starched shirt undone beneath his midnight blue suit, and his hair tousled from a day of running his hands through.

"Really, Steve? You couldn't be on time just this once?" Nancy scolds him, rolling her eyes.

"Meeting ran late. You know how it is," he leans down to kiss her cheek,"Or maybe you don't. I heard things are a bit slow over there at Spectrum," he teases, earning a smirk from Johnathan.

Steve worked his way up from the sports division to chief content officer for Second City Media. The position puts him just shy of the power Nancy holds at Spectrum, fueling the pair's competitive and ambitious nature until their bickering often drives everyone else crazy.

"Steve," Robin draws his attention before Nancy gets the chance to respond, "About tomorrow–"

"Just a minute, Robin. I haven't gotten to kiss my beautiful wife hello." He steps over Argyle's legs and gives the man a quick handshake in greeting before sitting next to you on the sofa.

"I'm not your wife yet, handsome," you tell him as his strong hands cup your cheeks, tipping your head up toward him.

"But it sounds good, doesn't it?" He asks before soft lips close over yours, his thumb pressing on your chin, asking for access to deepen the kiss beyond the line that's appropriate in front of company.

"Niiiice," Argyle hums as the others snicker. Steve takes a hand off your cheek, holding it in front of you to block some of their views as his mouth moves hotly over yours.

"God, you two are sickening," Nancy's remark is probably accompanied by an eye roll, but you're too occupied to notice as you tighten your grip on the front of Steve's shirt, drawing him nearer.

Four of his fingers curl down, giving Nance a one-fingered message as he continues to kiss you until he's had his fill. Breaking away with a gentle peck. "How was your day today, Ace? Did you write me a Pulitzer?"

"You ask me that every day."

Despite teasing you, he wouldn't be surprised if you had what it takes. That's how much he believes in you. He takes your hand, bringing your knuckles to his lips to place a kiss next to the glittering diamond he put on your hand a little over two years ago.

"Excuse you." Robin climbs over Argyle's legs that are still stretched out in front of him, taking up all the space between the chairs and the table, and walks over to the couch, squeezing her way onto the sofa between you and Steve, "Best friend privileges." She winks before launching into a conversation about the next exhibit she's putting together.

"You two crazy kids set a date yet?" Argyle asks at a volume higher than you'd prefer. Raising your index finger to your lips, eyebrows drawing together as your eyes flick over to Steve.

"I'm just making sure my invite didn't get lost in the mail," he says, sipping his drink. "I love weddings, man—all those tiny little versions of regular-sized food. Maybe I should open a restaurant like that, where everything is tiny. Tiny little kebabs and tiki drinks with tiny little umbrellas. I don't know what's taking you so long. You need to make an honest man out of him." His voice grows louder at the end of his sentence, earning him another look from you, a distraction that diverts Steve's attention from his conversation.

The waitress chooses that moment to appear, saving you from another conversation about setting a wedding date. It's not that you don't want to marry him–you do. Someday. Decisiveness has never been your strong suit, along with dressing up in big puffy dresses that look like frosting and being on display for everyone you have ever known and their plus ones.

While Steve squints down at the drink menu, fondness warms you like the opening notes of your favorite song. Reaching across Robin, you tap his chest. He looks over at you as he pulls a pair of glasses from his breast pocket and slides them on his nose.

Your lips move without sound–I love you.

You too, he mouths back. His mossy eyes softening as he smiles just for you.

You're happy. Why change a thing?

“I’ll have an old-fashioned. Top shelf. Please,” Steve tells the waitress after she had gone around taking orders for small plates to share and more cocktails from the others. “Another Martini?” He raises his eyebrows at you.

“Yes, please. An Astoria,” you tell her as she finishes scribbling everything down on her pad and heads off toward the bar to put in your orders.

“The ladies?” You tip your head at Robin, who nods, getting up to follow you. Steve squeezes your hand as you walk by as he continues his conversation with Nancy about the effectiveness of paywalls on digital content.

“God, she’s in rare form,” Robin comments as you enter the empty ladies' room, each of you closing yourself into a stall.

“Are she and Jonathan fighting again?” You ask once you’ve finished up and moved to the sink to wash your hands. The echo of your voices bouncing off the black and white hexagon tiles.

“When aren’t they fighting?” She pulls a few paper towels from the machine bolted to the wall and drys her hands. “It’s like foreplay for them at this point.”

You laugh, checking under your eyes for make-up smears. “Any ideas about this mystery guest?”

“No idea.” She tugs the brass handle of the door open, and you follow her back into the bar. “Maybe her brother?”

“That would be nice,” you say, your boot heels tapping on the dark chevron floors, “He just got married, right?”

“So young, practically still a baby,” she tuts, her head shaking from side to side.

“Robin, he’s not that-”

Robin's hand clamps onto your forearm, a squeal escaping her mouth as excitement radiates through her. She bounces on her toes, leaving you in her wake. Whoever elicited such a reaction is being blocked by Steve and Jonathan. When she gracefully maneuvers past them, you catch a fleeting glimpse of dark curls before the two men shift back into place, obscuring your view once more. The clinking of glasses and chatter from the other patrons swells in your ears. Your feet carry you forward, curiosity resonating like the reverb of a guitar. Steve feels you coming up behind him and shifts to the side. Without warning, rich chocolate eyes are locked onto yours. Eyes you haven’t seen in eleven years when he left you a mixtape instead of a goodbye. The eyes of the man that shattered your heart into so many pieces, all the edges are still sharp.

“Hey, doll.”

The breath trapped in your lungs forms a suffocating bubble, its dull, aching pressure stifling any movement in or out, causing your body to lock in protest. You're tugged forward, unable to fight it, until your body collides with his. The faint but familiar scent of him embraces you, lingering beneath the spicy notes of expensive cologne. Triggering a flood of a hundred painful memories, like songs you’ve overplayed and can’t bear to hear again. They jar your instincts into overriding the shock, compelling you to push him away. Eddie's solid frame absorbs the force. To your relief, the others haven't noticed as you retreat to your seat. Your trembling hand raises your martini to your lips, taking larger swallows than you normally would, but nothing with this situation is normal.

"Desperate times," you mutter under your breath, tipping back your glass. By the time everyone has settled back into their seats, your martini glass stands drained, the lingering taste of its contents bittersweet on your tongue.

Steve directs the waitress to bring another drink for you and a double Mescal for Eddie. The others' voices are a distant buzz in your ears, but their words don't breach the barrier of your thoughts. The chords playing in your mind are more discernible now. Their lyrics printed onto the faded photographs of a boy that you struggle to reconcile as the man before you. He's older, but you are too. His long hair is much shorter, the dark curls a richer brown pushed away from his face. A few lines grace the corners of his eyes and forehead–a reminder of the life he's lived without you.

Steve's comforting hand wraps around your shoulders while the other finds a home sliding between the soft skin where your legs are crossed, exposed by the high slit of your skirt. Eddie's eyes are on you, his stare focused on Steve's big hand covering half your thigh. Your left hand moves on top of Steve's, adjusting to make sure the sparkling rock on your finger gleams with brilliance in the soft, ambient light.

"Well, this is a blast from the past," Robin notes, her voice full of whimsy as she dangles her cocktail glass between two fingers, swaying it gently like a pendulum.

"Aren't you all glad I forced you to come out?" Nancy quips, much more relaxed now that her plan has come to fruition.

"You did good, love," Johnathan murmurs. His fingers tangling with hers before giving her a quick peck.

"Absolutely. I wouldn't have wanted to miss this," Steve agrees, "How long has it been, dude? Three, four years?"

"Yeah, I think that was the last time you were in L.A." Eddie scratches at his chin, covered with just enough scruff to almost be a beard.

Steve keeps in touch with Eddie? Had he told you when you hadn't been paying attention to him, your mind wandering with the words you would write for other people's songs?

"Now, I know that I told you only old friends," Nancy says, angling herself towards the plaid upholstered chair that Eddie occupies. "But Argyle knows all the local talent, and I thought he'd be a good connection to have since you're moving here."

"What?" You ask, as if a sudden vacuum has just sucked the air from the room.

"You're moving here?" Robin's eyes light up with excitement at the prospect of all her friends in the same city. She was the original connection that brought you together all those years ago.

"When you say here. You mean Hawkins, right? You're moving back to Hawkins," you clarify.

"No. I mean here. I'm moving to Chicago," Eddie says, leaning back into his chair, his long legs spread in his tailored black suit, the black v-neck underneath giving off a laid-back California vibe. "I told those corporate studio fucks I was done. I'm opening my own place to record music that's actually good, not just the kind that will sell. I'm surprised you don't know all this, doll. Isn't it supposed to be your job or something?"

“Fu–”

"Why Chicago?" Jonathan asks, cutting you off before you let loose a very appropriate response to his question, "Why not stay in L.A. or New York. Aren't there music scenes bigger than here?"

Eddie tips his head to the side, his fingers tracing the rim of his glass. "You know, L.A.'s lost its charm for me. Too many fake people made out of plastic. And, well, Wayne's not getting any younger. Thought it's about time to be closer, you know?"

“You'd be much closer in Hawkins. Bet you could find a place downtown real cheap. You should go look there.” You cross your arms over your chest, drawing a line in the sand.

“Hawkins doesn’t really scream rock ‘n’ roll, and I already got a place, but thanks,” he says, unconcerned as ever by your tone.

“Look at you two,” Robin says, clapping her hands, “Just like old times, back to your usual banter." Her mischievous grin widens, "Remember when she had that massive crush on you, Eddie? You’d stroll into Musicland during our shift, and she’d follow you around with those big heart eyes.”

Your ears ring as heat rushes up to your neck to your cheeks,the whole world spinning. Eddie looks down, swirling the remnants of gold liquid in his crystal-cut glass.

“You’re exaggerating, Robin,” you sputter, reaching for your drink, hiding behind the lip of the glass, “We were just friends. And it couldn’t have been too major. I don’t even remember it.”

“Oh, come on,” she protests, “Everybody knew.”

"I didn't," Steve's voice cuts through her teasing, leaving an awkward stillness in its wake. The distant sounds of high-pitched laughter and the faint scrape of utensils against plates fill the void. Your friends exchange uncomfortable glances, even though there was no malice in his tone.

“Hey, it’s no big deal, though,” his smile puts everyone at ease. “Right, Ace?” His head dips, brushing your lips in confirmation. You nod as he continues, “Robin, remember when we both went on dates with the same girl. What was her name? Brenda.” His fingers snap with the recollection.

“That’s right, Brenda! Brenda Mackenzie!” Robin laughs and begins to regale the group with the story.

When you lift your eyes, Eddie’s stare remains fixed on you, amusement replaced with an intensity you can’t read. An unfinished sentence or lyric. Words hanging between you like a question that you can't answer—one that you don’t want to.

“I’m going for another drink,” you say to Steve, picking up your empty glass.

“Do you want me to come with you?” He asks, brows drawing together.

“No, I’m okay,” you tell him with a plastered-on smile, “You want anything?”

He shakes his head no. “I let my car service go early. I’ll drive us home in your car.”

With gentle fingers, you sweep aside a stray lock of hair that's draped across his forehead, planting a tender kiss on his lips before making your way to the bar.

There is a soft creak of the leather as you seat yourself on a high stool in front of the polished wood bar. A bartender with an easy smile takes your order and leaves, giving you a much needed moment alone. Your lungs expand and contract without releasing any tension. You study your reflection in the mirror behind the rows of brightly lit bottles. If you could rewind the tape to a few hours ago, you'd have happily stayed in your office. Calling Nancy tomorrow to grovel for forgiveness for messing up her plans. But you can’t and the song plays on. It’s always the music that hurts the worst.

You release an audible sigh, your breath escaping through parted lips, as he settles onto the stool beside you. With a casual tap of his rings against the bar, he signals for the bartender, raising a single finger, his tongue peeks out, grazing his bottom lip as he gestures toward his empty glass.

"What’s the matter, doll? You really that unhappy to see me?" Eddie drawls, a half-smile tugging at the corners of his lips.

"It’s been eleven years, Eddie. Sorry I’m not organizing a parade." You settle back into your seat, glancing around as if you're bored.

The bartender lowers his eyes as they deliver your drinks and wisely retreats to the far end of the establishment.

"I didn’t come here to fight," Eddie replies, his tone softening. He shifts his weight slightly on the stool, one arm resting casually on the counter, the glint of a gold chain around his neck catching the dim light.

"Then why are you here?" Your eyes narrow as your fingers trace the condensation on the side of the full glass.

"A fresh start. To build something of my own." He looks at you with determination, his dark eyes reflecting the soft glow of the bar lights.

"Then build it somewhere else," you respond curtly, your words laced with frustration. You pick up your drink and down half of it in one go, the chilled liquid leaving a slight burn as it slides down your throat. Setting the glass back down, you turn to leave.

He stops you with a gentle hand wrapping around your wrist, his touch causing your pulse to quicken beneath his fingertips. "There are some things I want to say to you. Let me take you to lunch unless Harrington has got you on too short of a leash."

You pull your wrist back, the feel of his touch lingering like smoke in the air. "Whatever you have to say has waited this long, try again in another decade. Unless you're dying."

"Would it make a difference if I was?" He meets your gaze with amusement playing on his lips.

"Let me think about it… nope." Your reply is quick and sharp, meant to cut.

"I know you're mad–"

"No. Mad would imply some kind of emotional attachment. What I feel is indifference. In case you don't know the definition, that means nothing at all." Your voice stays cool and detached as you hop off the stool. "It's a big city, Eddie. There's no reason we have to see each other again."

"We'll have to see about that," he smirks.

"Have a nice life," you say a final goodbye to your past and turn away, walking in the direction of Steve when he stops you with one more question.

"Did you listen to it? The tape, did you ever listen?"

The lie comes without hesitation.

“No.”

Follow @tornupdates & turn on notifications

Read Song 2. here

AN: I hope you had as much fun reading this as I did writing it. If you have a song that you think Eddie would have recorded on the mixtape send it to me in an ask and it might be included. Anything before 2001. I'd love to hear from you. Comments and Reblogs are always appreciated.

#steve harrington #eddie munson x reader #eddie munson #eddie munson smut #stranger things #steve harrington x reader #eddie munson fanfic #steve harrington fanfic #steve harrington smut #stranger things fanfic #torn series #torn #stranger things fanfiction #eddie munson fanfiction #steve harrington fanfiction #Spotify

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probablyasocialecologist · 6 months

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Since he took office as prime minister a second time in 2009, that same Netanyahu developed and advanced a destructive, warped political doctrine that held that strengthening Hamas at the expense of the Palestinian Authority would be good for Israel. The purpose of the doctrine was to perpetuate the rift between Hamas in Gaza and the Palestinian Authority in the West Bank. That would preserve the diplomatic paralysis and forever remove the “danger” of negotiations with the Palestinians over the partition of Israel into two states – on the argument that the Palestinian Authority doesn’t represent all the Palestinians.

[...]

Between 2012 and 2018, Netanyahu gave Qatar approval to transfer a cumulative sum of about a billion dollars to Gaza, at least half of which reached Hamas, including its military wing. According to the Jerusalem Post, in a private meeting with members of his Likud party on March 11, 2019, Netanyahu explained the reckless step as follows: The money transfer is part of the strategy to divide the Palestinians in Gaza and the West Bank. Anyone who opposes the establishment of a Palestinian state needs to support the transfer of the money from Qatar to Hamas. In that way, we will foil the establishment of a Palestinian state (as reported in former cabinet member Haim Ramon’s Hebrew-language book “Neged Haruach”, p. 417). In an interview with the Ynet news website on May 5, 2019, Netanyahu associate Gershon Hacohen, a major general in reserves, said, “We need to tell the truth. Netanyahu’s strategy is to prevent the option of two states, so he is turning Hamas into his closest partner. Openly Hamas is an enemy. Covertly, it’s an ally.”

#israel #palestine #hamas #benjamin netanyahu

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zee-rambles · 9 months

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With the official confirmation from Paramount that there IS going to be an official TV series based on Mutant Mayhem, Tales of the TMNT, that will bridge the gap between MM and it’s sequel(two seasons long), what’re your thoughts? Do you think this’ll hamper any hope for a potential third season of Rise, or do you feel that people shouldn’t be harsh on it and appreciate it for being it’s own thing(I’m very much the latter lol)?

LONG post is LONG, but I really wanted to drive home the importance of this.

I don’t really have an opinion on the Mutant Mayhem show, TBH. I knew it was coming, because Nickelodeon is banking on MM to be a big hit, and it’s not that weird for them to try and squeeze as much money as they can from a new IP. The fact that this new series is going straight to paramount plus and not on Nickelodeon’s main channel is…confusing (Unless it’s actually going to Nickelodeon, in which case, so what? If Nickelodeon can have THREE different versions of SpongeBob airing on their channel, then I don’t see what excuse they can make for not having two versions of the TMNT out simultaneously. They’ve done it before too. 2012 and the Bay films were happening at the same time).

As for Rise, I don’t think hating on Mutant Mayhem or on its related shows is going to do much good. If anything, it’s going to create a divide between incoming fans of Mutant Mayhem, older Rise fans, and Rise fans that are looking forward to more TMNT content. If the show does air on Nickelodeon, it’s not like the kids watching it are going to know the discourse surrounding Rise. Review bombing, hating, and leaving bad faith reviews on anything Mutant Mayhem related isn’t going to bring Rise back. And it’s going to give Rise fans a bad rep, which will end up hurting Rise more, because no one would want to give a show a chance if its fan base is seen as toxic.

Trust me, no one wants Rise of the TMNT to come back more then I do, but I’m not going to go around discouraging or hating on on anyone that is excited for Mutant Mayhem. It’s one thing if you watch and don’t enjoy it, or choose not to support it, I’m not here to force anyone to do anything they don’t want to do, and it’s normal for people not to like something sometimes. If it isn’t for you, it isn’t for you. That happens. But hating it with a passion and posting that everywhere does nothing helpful for Rise.

The best thing would be if new TMNT fans and Rise fans came together to save the show. If more people knew about Rise, the movie, and if enough content keeps the fandom alive, raises interest in the show online, and keeps the show/movie from being fading away into the background, there’s a chance. The bigger the following Rise has, the more people asking for its return, the higher the chances. The more alive it is across social media, the better. What we need more then anything really, is visibility. Not enough people know about Rise. Danny Phantom still has a big following to this day, still has more people giving it a chance because the fans love it enough to keep it going. And people are seeing that. Watch Mojo released a video recently about shows that deserve to come back and Danny was on that list. Spectacular Spider-Man still gets new videos made of it all the time, and the fans STILL, even after all these years, ask for more.

We’re in an interesting position. I don’t think ANY other fandom has ever said, “Heck it! We’ll make our OWN season! Ya JERKS!” So support each other, keep asking for more Rise, keep making art, social media posts, videos, ask Cinema Wins and Cinema Therapy to review the movie, keep sharing and signing the petitions, recommend it to people, anime fans, non TMNT fans (I wasn’t a fan of TMNT until Rise), animation fans and so on. Always ask for the original producers, Ant Ward, Andy Suriano, writers, cast and crew to come back. Word of mouth is a powerful thing. The more people make an effort, the better. And don’t give up. Giving up is the one true for Rise fade away.

TLDR: No, hating on MM will NOT help Rise. BUT! Continuously making efforts to bring back Rise, support each other, raise awareness/visibility, will.

#rottmnt #save rottmnt #rise of the teenage mutant ninja turtles #tmnt #unpause rottmnt #save rise of the tmnt #mutant mayhem #zee answers stuff #Nickelodeon #Danny phantom #spectacular spider man #paramount #unpause rise of the tmnt #rottmnt season 3 #keep rottmnt trending #rise of the tmnt #fandom #acceptance #tmnt mutant mayhem

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st-just · 6 months

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Bitcoin transactions are public, preserved forever and pseudonymous. In 2012, this meant that Bitcoin was a pretty good way to do crime. If you sold some drugs for Bitcoin, the buyer would send Bitcoin to a string of numbers representing your address, and then you’d be able to send the Bitcoin to a crypto exchange to turn it into dollars, and law enforcement would have no way to catch you because they didn’t understand Bitcoin. “The money went to the blockchain,” the police would shrug, and that would be that. In 2023, it means that Bitcoin is frankly kind of a bad way to do crime: If you steal some Bitcoin, law enforcement and blockchain analysis firms will be able to trace the movements of that Bitcoin forever, and any crypto exchange will do some know-your-customer checks and get your photo ID before letting you cash out, and so when you turn your proceeds into cash the police will show up at your house with a detailed permanent immutable public record of every transaction that you did, starting with the theft and ending with the withdrawal to your bank account. Also, though, it means that in 2023, Bitcoin is retrospectively a bad way to have done crime in 2012. All those transactions you did when you stole Bitcoins or sold drugs are preserved forever, and if the police are bored they can just go back and look at old blockchain transactions and catch old crimes. I suppose they have statutes of limitation to worry about, but otherwise, it seems very convenient for the police to have a permanent public record of all the crimes.

-Matt Levine

#quote #funny #crypto #police #Matt Levine

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mostlysignssomeportents · 2 months

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An excerpt from The Bezzle

I'm on tour with my new novel The Bezzle! Catch me next in SALT LAKE CITY (Feb 21, Weller Book Works) and SAN DIEGO (Feb 22, Mysterious Galaxy). After that, it's LA, Seattle, Portland, Phoenix and more!

Today, I'm bringing you part one of an excerpt from Chapter 14 of The Bezzle, my next novel, which drops on Feb 20. It's an ice-cold revenge technothriller starring Martin Hench, a two-fisted forensic accountant specialized in high-tech fraud:

https://us.macmillan.com/books/9781250865878/thebezzle

Hench is the Zelig of high-tech fraud, a character who's spent 40 years in Silicon Valley unwinding every tortured scheme hatched by tech-bros who view the spreadsheet as a teleporter that whisks other peoples' money into their own bank-accounts. This setup is allowing me to write a whole string of these books, each of which unwinds a different scam from tech's past, present and future, starting with last year's Red Team Blues (now in paperback!), a novel that whose high-intensity thriller plotline is also a masterclass in why cryptocurrency is a scam:

https://us.macmillan.com/books/9781250865854/redteamblues

Turning financial scams into entertainment is important work. Finance's most devastating defense is the Shield Of Boringness (h/t Dana Clare) – tactically deployed complexity designed to induce the state that finance bros call "MEGO" ("my eyes glaze over"). By combining jargon and obfuscation, the most monstrous criminals of our age have been able to repeatedly bring our civilization to the brink of collapse (remember 2008?) and then spin their way out of it.

Turning these schemes into entertainment is hard, necessary work, because it incinerates the respectable suit and tie and leaves the naked dishonesty of the finance sector on display for all to see. In The Big Short, they recruited Margot Robbie to explain synthetic CDOs from a bubble-bath. And John Oliver does this every week on Last Week Tonight, coming up with endlessly imaginative stunts and gags to flense the bullshit, laying the scam economy open to the bone.

This was my inspiration for the Hench novels (I've written and sold three of these, of which The Bezzle is number two; I've got at least two more planned). Could I use the same narrative tactics I used to explain mass surveillance, cryptography and infosec in the Little Brother books to turn scams into entertainment, and entertainment into the necessary, informed outrage that might precipitate change?

The main storyline in The Bezzle concerns one of the most gruesome scams in today's America: prison-tech, which sees America's vast army of prisoners being stripped of letters, calls, in-person visits, parcels, libraries and continuing ed in favor of cheap tablets that bilk prisoners and their families of eye-watering sums for every click they make:

https://pluralistic.net/2024/02/14/minnesota-nice/#shitty-technology-adoption-curve

But each Hench novel has a variety of side-quests that work to expose different kinds of financial chicanery. The Bezzle also contains explainers on the workings of MLMs/Ponzis (and how Gerry Ford and Betsy DeVos's father-in-law legalized one of the most destructive forces in America) and the way that oligarchs, foreign and domestic, use Real Estate Investment Trusts to hide their money and destroy our cities.

And there's a subplot about music-royalty theft, a form of pernicious wage theft that is present up and down the music industry supply-chain. This is a subject that came up a lot when Rebecca Giblin and I were researching and writing Chokepoint Capitalism, our 2022 book about creative labor markets:

https://chokepointcapitalism.com/

Two of the standout cases from that research formed the nucleus of the subplot in The Bezzle, the case of Leonard Cohen's batshit manager who stole millions from him and then went to prison for stalking him, leaving him virtually penniless and forced to keep touring to keep himself fed:

https://www.theguardian.com/music/2012/apr/19/leonard-cohen-former-manager-jailed

The other was George Clinton, whose manager forged his signature on a royalty assignment, then used the stolen money to defend himself against Clinton's attempts to wrestle his rights back and even to sue Clinton for defamation for writing about the caper in his memoir:

https://www.musicconnection.com/the-legal-beat-george-clinton-wins-defamation-case/

That's the tale that this excerpt – which I'll be serializing in six parts over the coming week – tells, in fictionalized form. It's not Margot Robbie in a bubble-bath, it's not a John Oliver monologue, but I think it's pretty goddamned good.

I'm leaving for a long, multi-city, multi-country, multi-continent tour with The Bezzle next Wednesday, starting with an event at Weller Bookworks in Salt Lake City on the 21st:

https://www.wellerbookworks.com/event/store-cory-doctorow-feb-21-630-pm

I'll in be in San Diego on the 22nd at Mysterious Galaxy:

https://www.mystgalaxy.com/22224Doctorow

And then it's on to LA (with Adam Conover), Seattle (with Neal Stephenson), Portland, Phoenix and beyond:

https://pluralistic.net/2024/02/16/narrative-capitalism/#bezzle-tour

I hope you'll come out for the tour (and bring your friends)!

Between 1972 and 1978, Steve Soul (a.k.a. Stefon Magner) had a string of sixteen Billboard Hot 100 singles, one of which cracked the Top 10 and won him an appearance on Soul Train. He is largely forgotten today, except by hip-hop producers who prize his tracks as a source of deep, funky grooves. They sampled the hell out of him, not least because his rights were controlled by Inglewood Jams, a clearinghouse for obscure funk tracks that charged less than half of what the Big Three labels extracted for each sample license.

Even at that lower rate, those license payments would have set Stefon up for a comfortable retirement, especially when added to his Social Security and the disability check from Dodgers Stadium, where he cleaned floors for more than a decade before he fell down a beer-slicked bleacher and cracked two of his lumbar discs. But Stefon didn’t get a dime. His former manager, Chuy Flores, forged his signature on a copyright assignment in 1976. Stefon didn’t discover this fact until 1979, because Chuy kept cutting him royalty checks, even as Stefon’s band broke up and those royalties trickled off. In Stefon’s telling, the band broke up because the rest of the act—especially the three-piece rhythm section of two percussionists and a beautiful bass player with a natural afro and a wild, infectious hip-wiggle while she played—were too coked up to make it to rehearsal, making their performances into shambling wreckages and their studio sessions into vicious bickerfests. To hear the band tell of it, Stefon had bad LSD (“Lead Singer Disease”) and decided he didn’t need the rest of them. One thing they all agreed on: there was no way Stefon would have signed over the band’s earnings to Chuy, who was little more than a glorified bookkeeper, with Stefon hustling all their bookings and even ordering taxis to his bandmates’ houses to make sure they showed up at the studio or the club on time. Stefon remembered October of ’79 well. He’d been waiting with dread for the envelope from Chuy. The previous royalty check, in July, had been under $250. The previous quarter’s had been over $1,000. This quarter’s might have zero. Stefon needed the money. His 1972 Ford Galaxie needed a new transmission. He couldn’t keep driving it in first.

The envelope arrived late, the day before Halloween, and for a brief moment, Stefon was overcome by an incredible, unbelieving elation: Chuy’s laboriously typewritten royalty statement ended with the miraculous figure of $7,421.16. Seven thousand dollars! It was more than two years’ royalties, all in one go! He could fix the Galaxie’s transmission and get the ragtop patched, and still have money left over for his back rent, his bar tab, his child support, and a fine steak dinner, and even then, he’d end the month with money in his savings account.

But there was no check in the envelope. Stefon shook the envelope, carefully unfolded the royalty statement to ensure that there was no check stapled to its back, went downstairs to the apartment building lobby and rechecked his mailbox.

Finally, he called Chuy.

“Chuy, man, you forgot to put a check in the envelope.”

“I didn’t forget, Steve. Read the paperwork again. You gotta send me a check.”

“What the fuck? That’s not funny, Chuy.”

“I ain’t joking, Steve. I been advancing you royalties for more than three years, but you haven’t earned nothing new since then—no new recordings. I can’t afford to carry you no more.”

“Say what?”

Chuy explained it to him like he was a toddler. “Remember when you signed over your royalties to me in ’76? Every dime I’ve sent you since then was an advance on your future recordings, only you haven’t had none of those, so I’m cutting you off and calling in your note. I’m sorry, Steve, but I ain’t a charity. You don’t work, you don’t earn. This is America, brother. No free lunches.”

“After I did what in ’76?”

“Steve, in 1976 you signed over all your royalties to me. We agreed, man! I can’t believe you don’t remember this! You came over to my spot and I told you how it was and you said you needed money to cover the extra horns for the studio session on Fight Fire with Water. I told you I’d cover them and you’d sign over all your royalties to me.”

Stefon was briefly speechless. Chuy had paid the sidemen on that session, but that was because Chuy owed him a thousand bucks for a string of private parties they’d played for some of Chuy’s cronies. Chuy had been stiffing him for months and Stefon had agreed to swap the session fees for the horn players in exchange for wiping out the debt, which had been getting in the way of their professional relationship.

“Chuy, you know it didn’t happen that way. What the fuck are you talking about?”

“I’m talking about when you signed over all your royalties to me. And you know what? I don’t like your tone. I’ve carried your ass for years now, sent you all that money out of my own pocket, and now you gotta pay up. My generosity’s run out. When you gonna send me a check?”

Of course, it was a gambit. It put Stefon on tilt, got him to say a lot of ill-advised things over the phone, which Chuy secretly recorded. It also prompted Stefon to take a swing at Chuy, which Chuy dived on, shamming that he’d had a soft-tissue injury in his neck, bringing suit for damages and pressing an aggravated-assault charge.

He dropped all that once Stefon agreed not to keep on with any claims about the forged signature; Stefon went on to become a good husband, a good father, and a hard worker. And if cleaning floors at Dodgers Stadium wasn’t what he’d dreamed of when he was headlining on Soul Train, at least he never missed a game, and his boy came most weekends and watched with him. Stefon’s supervisor didn’t care.

But the stolen royalties ate at him, especially when he started hearing his licks every time he turned on the radio. His voice, even. Chuy Flores had a fully paid-off three-bedroom in Eagle Rock and two cars and two ex-wives and three kids he was paying child support on, and Stefon sometimes drove past Chuy Flores’s house to look at his fancy palm trees all wrapped up in strings of Christmas lights and think about who paid for them.

ETA: Here's part two!

If you'd like an essay-formatted version of this post to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:

https://pluralistic.net/2024/02/17/the-steve-soul-caper/#lead-singer-disease

#pluralistic #the bezzle #martin hench #marty hench #red team blues #fiction #crime fiction #crime thrillers #thrillers #technothrillers #novels #books #royalties #wage theft #creative labor

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