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Yeah, for sure NYT should have been pressing SBF hard on the customer funds "rumors," but this symptom of cluelessness has echoes beyond crypto. Does the Times even have a credible or important business section any more? I suspect it concluded some time ago, that anyone who seriously cares about business has indeed gone to Bloomberg, or reads the WSJ or the FT or (as in my budget case) the Economist, and that it can't compete with those entities. Or it may have concluded, given its focus and that of its target readers, that business is an unseemly preoccupation.

Or, to take a completely different tack, for which I have absolutely no evidence, the Times may be licking its own crypto wounds, about which it is at this point more rueful than angry.

Lots of possibilities.

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Lots of possibilities. But usually their tech coverage is strongly negative...

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Certainly of the bigs, yes. I haven't tracked them on crypto tbh.

I track the Times headline email each morning. Their technical coverage of elections and the Covid epidemic has been superb. Upshot is wonderful. They have certain reporters I follow - any in-depth piece they write is worth reading and considering. But I pay zero attention to the op-eds, unless someone I know points something out, and very little attention to their political, economic, or world "news" reporting. On balance I get my money's worth. But when I was a college freshman looking for a an intern job on Capitol Hill, Rep. William McCullough of Ohio asked me what I was studying. I told him him probably what Columbia then called "Government."

"Don't do that," he said. "Study philosophy or literature or history. For politics, you can read the New York Times."

That was a conservative Ohio Republican, who had nonetheless helped to pass the Civil Rights Act. Republicans have changed. But so has the Times.

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Look, there is no fucking way that the first risk Musk ever hedged in his life was that risk-free interest rates might rise.

BTW, that Trabucco thing about super powers is crazypants self-delusional. Still doesn't excuse fraud.

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SBF gave huge amounts of money to the Democrats, which must have come even if

indirectly from customers of FTX. One can't help wondering if the NYT would like to obscure

that.

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