unconfirmedsourcesDOTgov

joined 1 year ago

Agree about the stock markets being overvalued. However, I disagree about the impact of the rate cut on the market. I expect that many investors have been shoveling money into the s&p 500 because it has been the most reliable way to make a return that out paces inflation. As the rate comes down, I'd expect more investors to return to riskier markets and ventures because the opportunity cost is lower and the potential returns are worth it.

Cutting the rate gives CFOs some breathing room, which could go a long way toward creating some new jobs.

[–] unconfirmedsourcesDOTgov@lemmy.sdf.org 5 points 1 day ago (2 children)

I was surprised that they went for half a point; I expected a quarter. Are you concerned that we could see another spike in inflation?

Anecdotally, I've seen a lot of friction in the job market over the last year, so hopefully this is the signal that the market has been waiting for to green light some of the projects that have been getting put on hold due to "economic conditions".

[–] unconfirmedsourcesDOTgov@lemmy.sdf.org 4 points 1 day ago (1 children)

I did not know about mega-anna as a term before. Is it always hyphenated, or did you add that for emphasis?

 

I was expecting a conservative quarter point reduction, but it seems like the Fed is feeling bullish about inflation and concerned with the labor market, which has cooled much faster than was previously predicted.

What do you think? Will this move come with the positive effects while keeping inflation below 3%?

[–] unconfirmedsourcesDOTgov@lemmy.sdf.org 7 points 2 days ago (3 children)

Nah our approach to polls is fundamentally misguided based on the way we communicate in 2024 - most of them still rely on essentially wardialing a target area until someone answers, so it fundamentally skews toward an older crowd and those gullible enough to take a phone call from an unknown number.

And still everyone will act shocked when they have to eat shit when they elect the "everyone is gonna eat some shit" party.

Agree that passkeys are the direction we seem to be headed, much to my chagrin.

I agree with the technical advantages. Where passkeys make me uneasy is when considering their disadvantages, which I see primarily as:

  • Lack of user support for disaster recovery - let's say you have a single smartphone with your passkeys and it falls off a bridge. You'd like to replace it but you can't access any of your accounts because your passkey is tied to your phone. Now you're basically locked out of the internet until you're able to set up a new phone and sufficiently validate your identity with your identity provider and get a new passkey.
  • Consolidating access to one's digital life to a small subset of identity providers. Most users will probably allow Apple/Google/etc to become the single gatekeeper to their digital identity. I know this isn't a requirement of the technology, but I've interacted with users for long enough to see where this is headed. What's the recourse for when someone uses social engineering to reset your passkey and an attacker is then able to fully assume your identity across a wide array of sites?
  • What does liability look like if your identity provider is coerced into sharing your passkey? In the past this would only provide access to a single account, but with passkeys it could open the door to a collection of your personal info.

There's no silver bullet for the authentication problem, and I don't think the passkey is an exception. What the passkey does provide is relief from credential stuffing, and I'm certain that consumer-facing websites see that as a massive advantage so I expect that eventually passwords will be relegated to the tomes of history, though it will likely be quite a slow process.

[–] unconfirmedsourcesDOTgov@lemmy.sdf.org 12 points 3 days ago (19 children)

What is your suggestion for a superior solution to the problems passwords solve?

Isn't that the tough bit about American Exceptionalism? Americans can't ALL be exceptional (by definition) and the messaging about how a rising tide lifts all boats simply doesn't translate to most people.

Tbf, Americans tend to be more than happy to work together (in short bursts) during moments of national crisis, but when everything is moving along normally policy debates become unnecessarily contentious.

[–] unconfirmedsourcesDOTgov@lemmy.sdf.org 67 points 3 days ago (23 children)

What an absolute failure of the legal system to understand the issue at hand and appropriately assign liability.

Here's an article with more context, but tl;dr the "hackers" used credential stuffing, meaning that they used username and password combos that were breached from other sites. The users were reusing weak password combinations and 23andme only had visibility into legitimate login attempts with accurate username and password combos.

Arguably 23andme should not have built out their internal data sharing service quite so broadly, but presumably many users are looking to find long lost relatives, so I understand the rationale for it.

Thus continues the long, sorrowful, swan song of the password.

[–] unconfirmedsourcesDOTgov@lemmy.sdf.org 8 points 3 days ago (2 children)

I completely agree with you. My theory is that there are a whole lot of Americans for whom the public education system failed horribly in their attempt to teach civics.

Oh, and I'm sure racism and sexism are also playing a meaningful role.

I love the design aesthetic Hyundai has been following over the last few years and this concept is no exception.

[–] unconfirmedsourcesDOTgov@lemmy.sdf.org 6 points 4 days ago (1 children)

I disagree. Providing a summary of an article to attempt to please Lemmy's fickle users should absolutely not be a prerequisite to share articles here.

Also, as another user pointed out, this information wasn't even available in OP's link. You clicked through to another article from 2022. Is every post here intended to be a research project? This is how we discourage content from being shared. If you want this info feel free to do your own research and post it in the comments as you've done here, without the snarky remarks.

Lastly, as I seemingly cannot help myself, what in the absolute world are you on about with, "the ICE model starts at just under 40k$." What ICE model was discussed in either article?

 

Friday’s report from the Labor Department also showed that the unemployment rate dipped to 3.8% from 3.9% in February. That rate has now come in below 4% for 26 straight months, the longest such streak since the 1960s.

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