Stubsack: weekly thread for sneers not worth an entire post, week ending 30th August 2026 - awful.systems - awful.systems
awful.systems
Have a sneer percolating in your system but not enough time/energy to make a whole post about it? Go forth and be mid - welcome to the Stubsack, your first port of call for learning fresh Awful you’ll near-instantly regret. Any awful.systems sub may be subsneered in this subthread, techtakes or no. If your sneer seems higher quality than you thought, feel free to cut’n’paste it into its own post — there’s no quota for posting and the bar really isn’t that high. > The post Xitter web has spawned so many “esoteric” right wing freaks, but there’s no appropriate sneer-space for them. I’m talking redscare-ish, reality challenged “culture critics” who write about everything but understand nothing. I’m talking about reply-guys who make the same 6 tweets about the same 3 subjects. They’re inescapable at this point, yet I don’t see them mocked (as much as they should be) > > Like, there was one dude a while back who insisted that women couldn’t be surgeons because they didn’t believe in the moon or in stars? I think each and every one of these guys is uniquely fucked up and if I can’t escape them, I would love to sneer at them. (Credit and/or blame to David Gerard for starting this.)

Have a sneer percolating in your system but not enough time/energy to make a whole post about it? Go forth and be mid - welcome to the Stubsack, your first port of call for learning fresh Awful you’ll near-instantly regret.

Any awful.systems sub may be subsneered in this subthread, techtakes or no.

If your sneer seems higher quality than you thought, feel free to cut’n’paste it into its own post — there’s no quota for posting and the bar really isn’t that high.

The post Xitter web has spawned so many “esoteric” right wing freaks, but there’s no appropriate sneer-space for them. I’m talking redscare-ish, reality challenged “culture critics” who write about everything but understand nothing. I’m talking about reply-guys who make the same 6 tweets about the same 3 subjects. They’re inescapable at this point, yet I don’t see them mocked (as much as they should be)

Like, there was one dude a while back who insisted that women couldn’t be surgeons because they didn’t believe in the moon or in stars? I think each and every one of these guys is uniquely fucked up and if I can’t escape them, I would love to sneer at them.

(Credit and/or blame to David Gerard for starting this.)

  • nfultzEnglish
    2·
    48 分钟前

    https://www.nakedcapitalism.com/2026/09/ai-off-balance-sheet-obligations-hit-a-subprime-like-reset-wall-in-2027-and-2028.html by Yves / naked capitalism

    Critically, it is these “frontier labs” that contract for, lease and build data centers. The very little I have seen about this process has caused me concern. For instance, I read of Meta contracting for a data center for what sounded like 20 years but was 4 back-to-back five year leases. Recall that the once AAA rated General Electric has taken a big fall in investor grace. How strong will the now-mighty-seeming Meta be, particularly if AI bets come a cropper?

    Groundbreaker has identified a key element of risky AI leverage, which are obligations that are not accounted for as debt at the AI sponsor. Those of you who are corporate finance literate will know this is a cardinal sin. When I was a wee young thing at Goldman, where we went through hard copies of financial statements to extract key data which we entered into green accountants’ ledger paper, one of the aims was to determine total debt to assets. One of the footnote items we would root out was operating lease payments. For instance, big companies often use leased mainframes. We would capitalize them and treat them as a long-term liability.

    => https://www.groundbrkr.com/p/the-teaser-period-why-the-ai-boom

    The take-or-pay compute contract - the instrument at the center of the AI build-out - has a structural feature that almost no one prices: its payments do not begin at signing. They begin at delivery. A lab signs a multi-year capacity commitment today, but the payments do not start until the data center is energized, the capacity is accepted, and the contractual ramp schedule commences - an interval set not by finance, but by construction: siting, powering, and filling a gigawatt-scale campus takes 24-to-36 months from signature - mirroring the two-to-three-year teaser of a subprime ARM.

    Going to take me a while to digest this one