The Daily Parker

Politics, Weather, Photography, and the Dog

The news doesn't pause

Speaking of loathsome, misogynist creeps, former Bishop of Rome Joseph Ratzinger died this morning, as groundbreaking journalist Barbara Walters did yesterday.

In other news showing that 2022 refuses to go quietly:

And just a couple of blocks from me, Uncharted Books will reopen next week after the state closed it down for failing to file a required sales-tax form. For months. They might want to fire their accountants for this, as the state requires every business that has taxable sales to file the "quarterly sales tax report" every 3 months. I hope their soon-to-be-former accountants also filed their income taxes...

Second day of sun, fading fast

What a delight to wake up for the second day in a row and see the sun. After 13 consecutive days of blah, even the -11°C cold that encouraged Cassie and me to get her to day care at a trot didn't bother me too much.

Unfortunately, the weather forecast says a blizzard will (probably) hit us next weekend, so I guess I'll have time to read all of these stories sitting on the couch with my dog:

Finally, one of my college music professors died this month. Herbert Deutsch co-created the Moog synthesizer and taught at Hofstra University for 40-plus years.

Full of sound and fury, and Lionel Messi's retirement

Argentina just won the 2022 World Cup by lining up and taking free kicks at a French goalie in a fitting end to one of the most corrupt and deadly sporting events in history. At least the 2026 World Cup will take place in countries with (reasonably) strong institutions and existing infrastructure.

All the expense, the hype, the scandal, the drama...and in the end, it came down to penalty kicks. It's like having track meet decided by guys jumping one hurdle at a time, or by putting a guy on 2nd base at the top of the 10th inning in a desperate attempt to make baseball more exciting. (Oh, wait...)

France didn't win, but Argentina didn't either, really. Nor did the 6,500 dead construction workers, the athletes, the gay fans, or the 90% of the people living in Qatar who will never have citizenship because, like most petro-states, the Qataris have a form of Apartheid that FW de Klerk could only dream of.

So who really won this evening? FIFA officials, of course. The Qatari elite (for now; in 10 years they will look upon their works, and despair). The bribed European officials who didn't get caught. And probably Lionel Messi, who gets a better send-off this evening than Zidane did, I suppose.

The only appropriate response to FIFA is not to watch. Even John Oliver conceded as much, before admitting he'd watch. Everyone's individual choices make corruption on this scale work. I just wish people would internalize that.

But in Qatar, the lone and level sands stretch far away.

Is it post-empire time yet?

I can't quite draw a line between all of these stories, but it feels like I should:

Finally, a million-liter aquarium in a central Berlin hotel collapsed spectacularly today, causing millions of euros of damage. No people were hurt but 1,500 tropical fish drowned or froze to death in the aftermath.

Where did SBF come from?

Theodore Schleifer examines the intellectual and ethical upbringing of Sam Bankman-Fried, the 30-year-old indicted yesterday for perpetrating one of the biggest frauds in history:

Of all the potentially unanswerable riddles underpinning the Sam Bankman-Fried saga—why did Sequoia invest in a mop-topped kid who played video games during a diligence call; were Alameda and FTX ever really separate?—perhaps the most vexing is how the mastermind of this whole legal and ethical imbroglio was the offspring of two beloved legal scholars who were obsessed with ethics, in an effective-altruist Petri dish focused on analytical rigor, civic-mindedness and, crucially, consequences. How could a family so committed to doing the greatest good for the greatest number end up depriving so many people of so much happiness—and then see their son get arrested?

The optics are complicated for Joe Bankman and Barbara Fried, who flew to The Bahamas amid the collapse of FTX and have remained there to counsel their son, almost as if he were a therapy patient or a legal client. Meanwhile, people on The Farm have been gossiping about how neither parent has any courses at Stanford next year: Joe canceled the one class he was slated to teach over the winter semester, and Barbara is listed as an emerita professor. (She has written that she “hopes” to make a return to teaching in the future.)

Sam has gone out of way to absolve his parents of any culpability in his financial misdeeds, telling Andrew Ross Sorkin at last month’s Dealbook conference that they “bore no responsibility” for the collapse of FTX. “Anyone close to me, including my parents and employees and co-workers who fought with the company to push forward, they were hurt by this,” he said. “I feel really grateful for the support my parents are still giving me throughout all of this.”

And yet the truth is that both parents, whether they bear responsibility or not, are deep in the barrel with Sam. As Reuters has reported, official property records show that Joe Bankman and Barbara Fried were the named owners of a $16.4 million beachside “vacation home” in Old Fort Bay, part of a broader real estate portfolio owned by FTX and senior executives totalling hundreds of millions of dollars. “They may have stayed there while working with the company sometime over the last year,” Sam told Sorkin, though he denied knowing any details about the $300 million worth of real estate that FTX and his parents bought in the Bahamas. (Joe and Barbara have said they’ve been working to return the property to the company for some time.)

I mean, all the ethical rigor in the world won't help if your son is a sociopath.

Making progress at work, slacking on the blog

Clearly, I have to get my priorities in order. I've spent the afternoon in the zone with my real job, so I have neglected to real all of this:

Finally, because only one guy writes about half of the songs on top-40 radio, modulations have all but disappeared from popular songs.

Winter is here

Meteorological winter begins in the Northern Hemisphere today. In Chicago right now we have sunny skies and a normal-for-December 2°C. And any day above freezing between December 1st and March 1st works for me.

Meanwhile:

Finally, on a whim I looked back at my posts from 10 years ago, and I came across this painful memory of debugging an Azure 1.8 deployment. And 15 years ago we got our first snowfall of the season. Ah, memories.

Bigger, better (?) O'Hare coming

Despite coming in "later and cost[ing] more than originally expected," construction on a new Terminal 2 and revamped Terminal 1 will start soon:

Under the latest plan, two new remote satellite terminals will be the first to open, in 2027 and 2028, off the existing Terminal 1, where most United Airlines flights are located.

Once that is done, full-scale work will begin on the centerpiece of the project: the demolition and reconstruction of Terminal 2, which will be converted into a combination domestic and international terminal. That will locate customs and related facilities at the center of the airport, and not at the exiting, somewhat remote Terminal 5, as is the case now.

Officials had estimated the project's estimated cost at $8.5 billion—but that's in 2018 dollars, when the plan was unveiled and approved by the City Council under former Mayor Rahm Emanuel.

In August, the city had new estimates, with the original $8.5 billion plan projected to cost $9.8 billion. Along with other previously approved and additional projects, the total for O'Hare's overhaul was slated to cost $12.1 billion.

Fortunately, Federal money—not my city property taxes—will pay for it.

I just hope it takes less time to build than the railway platform by my house.

FTX was not a "tech company"

Josh Barro explains the FTX collapse in simple terms:

[T]his is not a technology story, because FTX was not a technology company. Sure, FTX’s business relied on technology, but so do most businesses. FTX has an app; so does Fidelity, and so does Chipotle, and that doesn’t make them tech companies. FTX was a brokerage, and there were two things that set them apart from a regular brokerage. One is that they dealt principally in nonsense financial products with no underlying economic value, and the other is that the owners either lost or stole the customers’ money and then lied about their resulting insolvency.

Because cryptocurrency assets have no fundamental economic value — unlike stocks and bonds, they do not reflect a claim on the cash flows of some business creating real value in the economy — there can be no such thing as fundamentals-based investing in them. When people invest in crypto, they out themselves as marks for scammers who might believe any nonsense about what something is worth. And therefore it’s the least surprising thing in the world that someone would open up a crypto exchange, offer implausible interest rate terms in order to hoover up billions in customer deposits from the gullible masses, and then misappropriate the proceeds.

He also provides some rules of thumb for dealing with cryptocurrencies, the first being, "any crypto-related business is a scam." Quite so.

Scary deployment today

I'm just finishing up a very large push to our dev/test environment, with 38 commits (including 2 commits fixing unrelated bugs) going back to last Tuesday. I do not like large pushes like this, because they tend to be exciting. So, to mitigate that, I'm running all 546 unit tests locally before the CI service does the same. This happens when you change the basic architecture of an entire feature set. (And I just marked 6 tests with "Ignore: broken by story X, to be rewritten in story Y." Not the best solution but story Y won't work if I don't push this code up.)

So while I'm waiting for all these unit tests to run, I've queued all this up:

Finally, one of Chicago's last vinyl record stores, Dave's in Lincoln Park, will close at the end of this month. The building's owner wants to tear it down, no doubt to build more condos, so Dave has decided to "go out in a blaze of glory."

All right...all my tests passed locally. Here we go...