![]() ![]() As I said I initially switched the brave because Firefox started become quite political in a few blog posts they released not because it's failing in the privacy department. I might look into this abit more and rethink my decision to switch to brave. After a quick search I can now see brave was excused of replacing ads with their own affiliate ads which is indeed shady for not disclosing it with their uses and I must admit the whole bat cryptocurrency thing did definitely rub me up the wrong way when I first installed it but i was able to looked passed it as I just disabled it all. Just to clarify I deleted my post before you replied to me as I thought it best I didn't make such a blacket statement on such claims as being "Firefox propaganda" when I haven't fully looked into it so I apologise for that. Crypto is just as fake as the stock market, it provides nothing of value. I have principles and refuse to endorse mindless greed. Brave's marketing scheme focuses people's greed with the promise of free crypto. It's optional yes, but the main reason for most people to use it is still the free crypto. ![]() It easy to dig up dirt on fixfox aswell, their record isn't exactly squeaky clean. Publicado originalmente por Vulkan: sounds like Firefox propaganda that gets spread around on firefox Reddit (and this is coming from someone who had been using them since the very beginning up Intill a year ago) The built-in cryptocurrency earning plugin is entirely optional and can be completely disabled. Crypto is just as fake as the stock market, it provides nothing of value. Dont take your browser for granted We help you narrow your options by comparing the best web browsers on speed, privacy, and other important features. The massive amount of Brave spam with referal links and posts saying that they earned $1000 in a year is disgusting. Without the crypto very few people would actually be using it. The only reason the browser is even alive is because of this crypto. sounds like Firefox propaganda that gets spread around on firefox Reddit (and this is coming from someone who had been using them since the very beginning up Intill a year ago) The built-in cryptocurrency earning plugin is entirely optional and can be completely disabled. Such as when they tried to replace ads on websites and replace them with their own.Īnd the main selling point of the browser is the promise of "free" money.ĭon't use it. ![]() Publicado originalmente por Omega:The company behind Brave commonly does shady crap. ![]()
0 Comments
![]() ![]() It is used for preparing the next stable branch. Unstable is for actual testing and should be avoided. On the other hand, Debian has three different releases: Stable, Testing and Unstable. So basically, you have the option to choose between stability and new features based on these releases. You have to upgrade to the next Ubuntu version when the current one reaches end of life. These releases are supported for nine months only, but they have newer software versions and features. There are also non-LTS releases every six months. The LTS releases are considered more stable. You have the option to upgrade to the next available LTS release. Ubuntu LTS (long term support) release comes out every two years and they get support for five years. Ubuntu has two kinds of releases: LTS and regular. Please keep in mind that some comparisons are applicable to desktop editions while some apply to the server editions. Let me discuss these factors one by one to compare Ubuntu and Debian. There are many more factors involved that distinguish one distribution from the other. DEB packages same as Debian.ĭoes it mean using Ubuntu is the same as using Debian? Not quite so. So, Ubuntu is built on Debian architecture and infrastructure and uses. And that is how Ubuntu is different from Debian despite being derived from it. But they also add some packages and changes of their own. They use the same package management system and share packages as the base distribution. That’s what most ‘derived’ distributions do. It utilizes the Debian infrastructure as base. It means that Ubuntu uses the same APT packaging system as Debian and shares a huge number of packages and libraries from Debian repositories. Debian, Arch, Red Hat are some of the biggest distributions that do not derive from any other distribution. While there are hundreds of Linux distributions, only a handful of them are independent ones, created from scratch. Ubuntu is based on Debian: What does it mean? Ubuntu was created in 2004 by Mark Shuttleworth and it is based on Debian. ![]() Debian is the original distribution created by Ian Murdock in 1993. So, what’s the difference between the two, if they are so similar?ĭebian and Ubuntu belong to the same side of the distribution spectrum. Many times, you’ll find common package installation instructions for both distributions. You can install DEB packages in both distributions as well. 7.You can use apt-get commands for managing applications in both Debian and Ubuntu. Source RPM : centos-release-7-9.2009.1.Īs with the hostnamectl output, we can see a very comprehensive description, including the name, version, release, architecture, and the install and build dates. In addition, we can obtain a bit more information about the OS with the -i option: $ rpm -q centos-release -i In Red Hat, we would query the package redhat-release instead. As a result, we get the major and minor versions, as well as the a synchronous release number and the architecture. It queries ( -q) whether the package centos-release is installed. Whereas if we do know the distro we have, we can use the -q option: $ rpm -q centos-releaseĬentos-release-7-9.2009.1.86_64 We can see the outputs of Debian-based and RHEL-based distros are quite similar. Let’s check the output in our CentOS machine: $ hostnamectl We can see similarities between the output of uname and the info from hostnamectl, such as the hostname ( ubuntu), the kernel release ( 5.13.0-41-generic), and the kernel architecture ( x86_64). The latter provides the kernel name, node name (hostname), kernel release and version, and system architecture, among others: $ uname -a Its output is a mix between the lsb_release and the uname -a commands. hostnamectl Commandįor example, it shows the following on our Ubuntu machine: $ hostnamectl Likewise, we can source this file to make the variables available in the shell environment. We again see the VARIABLE=value structure similar to the /etc/os-release file. Let’s have a look at it on the Ubuntu computer: $ cat /etc/lsb-release In fact, the lsb_release formats and prints the contents of the /etc/lsb_release file. This command only extracts the release number and assigns it to a variable called release. $ release=$(lsb_release -rs) $ echo $release If we do some shell scripting, we’ll add -s to have the raw number exclusively: Let’s now pick out only the release via the -r option: $ lsb_release -r Let’s show all the available information on the Ubuntu machine with the -a option: $ lsb_release -a ![]() ![]() Please describe your problem and send your request to our Support Center. GridinSoft Anti-Malware Free Download h helps you to save you coming from suspend up. □ Important! If you can not reach a Start Trial Dialog, use the ‘Ask for help’ link in Status Bar. gridinsoft anti-malware Crack gridinsoft anti-malware License Key. The trial key can only be activated once.Īll functions of the Gridinsoft Anti-Malware program became accessible now! Please, do not hesitate to contact our Support team in case of any questions. Paste the Activation Code in the appeared dialog. Go to the Info tab of the program and press the “If you already have a license” link at the bottom of the page. Well, It's a chance to breathe freely with a proper tool to clean your PC 1-month license for FREE here: /promo gridinsoft. This email address will also be used for the product’s expiration notifications and other communication with Gridinsoft. It offers real-time protection, automatic updates, and a comprehensive set of features to help you keep your system secure and running smoothly. ![]() Then, requesting the license key is accessible directly from the program. Install and Run Gridinsoft Anti-Malware To register your copy of Gridinsoft Anti-Malware, you need the program to be installed on your PC first. So, in a while, the Activation Code will be sent to your mailbox.Īfter activation, your Username and Password required for updating Gridinsoft Anti-Malware will be generated and delivered to your email. GridinSoft Anti-Malware is a powerful antivirus program designed to protect your computer from various types of malware, including viruses, Trojans, worms, spyware, and adware. Gridinsoft Anti-Malware 6-day Free Trial 1. ![]() It will be processed automatically on the server-side. It will never appear if you already asked for a trial key.Įnter your name and email address to request the Gridinsoft Anti-Malware trial key. Then, requesting the license key is accessible directly from the program.Ī trial license request proposal pops up in the Windows Notification area a few moments after the program’s launch. To register your copy of Gridinsoft Anti-Malware, you need the program to be installed on your PC first. ![]() ![]() ![]() Please note: Global Family Adventures strives to follow the schedule, but changes may be made due to weather conditions and interesting new opportunities. Transfer (10 minutes) to Airport in Liberia by hotel shuttle. Day 10: TRANSFER OUT – ADIOS and GRACIAS! Then head back to your hotel in Liberia near the airport (a little more than 2 hours) via pre-reserved private transport. Time for one more dip in the ocean in the morning. Snorkeling, kayaking, fishing, horseback riding and dolphin-watching tours are all possible. Just hang out and relax or book an activity through your lodge: surfing lessons are a lot of fun and kids as young as 4 can participate. Stay at a small lodge with a pool within a block of the beach! 3 nights. ![]() The guided portion of your tour ends with the drop off here. Your guide will drop you off here and you can relax on the beach and play in the sand as a family. The long stretch of shallow waves protected by a reef makes this a perfect beach for kids to learn to surf or just jump in the waves. Transfer to the lovely Playa Samara beach (3.5 hrs), a popular swimmable sandy beach. Days 6-8: NICOYA PENINSULA BEACH, PLAYA SAMARA Enjoy a tour of the cultural side of Costa Rica at El Trapiche with fun hands-on bits for the kids. Check out the cloud forest canopy from a bird’s-eye view from the hanging bridges or zipline. Stop in at CASEM, a women’s cooperative selling local art and souvenirs. Families with older kids may enjoy the adventurous horseback ride to San Luis waterfalls. The frog zoo is a hit with younger kids and everyone enjoys the hummingbirds zooming around the Hummingbird Gallery. A naturalist guided hike at the Monteverde Cloud Forest Preserve, neighboring Santa Elena Cloud Forest Preserve or new Curi Cancha Wildlife Refuge is a must. You have 2 nights here.Ĭhoose your optional activities with your guide. Monteverde is a cloud forest community settled by Quakers that boasts a large forest preserve with some of the most diverse plant and animal life anywhere in the world. Take the scenic drive around Lake Arenal with your guide (4 hrs) or sign up for the Jeep/Boat/Jeep transport ($25pp, 3 hrs) and take a shortcut across the lake. Hot springs and lots of river swimming opportunities. Take a nature walk through geologically active Rincon de la Vieja national park and see bubbling mud pots up close and a smoking crater in the distance. OR at Hacienda Guachipelin visit waterfalls and hot springs on lodge grounds at no extra cost or sign up for an activity like tubing, canyon ziplining, waterfall rappelling, horseback riding, etc. There’s a great hanging bridges walk or tram ride through the rainforest canopy here for everyone and a zipline for those over 8. You have a good chance to see a sloth and poison dart frogs at EcoCentro Danaus or check out traditional cultural food, sugar cane candy and visit a school with Cultour at Casona Rio Fortuna. An afternoon family visit to Hot Springs (Baldi, Tabacon, or Los Laureles) with volcanically heated springs is fun too- there are one or two pools that are cool enough for even babies at each. ![]() Those interested in adventure and scenery can opt for the steep hike to a spectacular waterfall (La Catarata de la Fortuna) with refreshing swimming holes. Check out old lava flows (and maybe current smoke) of Volcan Arenal. 2 nights.Ĭhoose your optional activities with your guide. OR transfer to nearby Hacienda Guachipelin lodge near Rincon de la Vieja Volcano (30 min). The tour begins! Transfer to La Fortuna, at the foot of a spectacular classic cone-shaped volcano. Your private guide picks you up in the morning for the transfer to your first location (2.5 hrs). Days 2-3: ARENAL VOLCANO or RINCON de la VIEJA VOLCANO and HOT SPRINGS Destinations: Cloud Forest Arenal Volcano Rincon de la Vieja Volcano Nicoya Peninsula BeachĪll tours include a Private Naturalist Guide for your family Day 1: ARRIVAL IN COSTA RICA – BIENVENIDOS!Īrrive at Daniel Oduber Quiros International Airport (LIR) in Liberia. ![]() ![]() ![]() We made a deal with them, ‘You're not here to please us, you're here to say to us, you're stupid, you're making a mistake.' But since we didn't want to fall into the trap of assuming that we knew better, we also kept the Community Council – these hardcore, passionate fans. If you've played it, go and play because like your memory is gonna have faltered. ![]() If you haven't played it, go and play it. PD: The first thing we did with everyone that joined the project was like, here are some codes for Dead Space 1, 2 and 3. Dead Space was really the first one that made you feel like, 'OK, I'm turning off the oxygen' and I stopped breathing the same way. All the other games had jump scares and a very tense environment, but there was still a clunkiness to them. PD: For me, the thing that was differentiating Dead Space from all the other games was that it was starting to blur the line with controls, where you really felt like you were the character. I was like, 'Yes, there's no way I'm not making that.' So I have very fond memories of that game, and I loved Dead Space 2 and 3. And we were blown away by the shooting, the camera work. I remember when the first Dead Space came out, I was working on Ghost Recon at Ubisoft. What was your relationship to the original before working on the remake? We're gonna be heading out on vacation and then we'll sit down and we'll have those discussions within EA to say, 'Well, what's next?' We're finishing this week, we're going to be making sure that that launch goes well and that there are as few technical issues as possible. There's interest on my side and I think on Roman's side – you can see his smile – in exploring Dead Space more. PD: For sure, it's, it's a hope that we have. Do you have ideas for what you could do with it next? EA itself basically left the series to do nothing for 10 years. It’s funny you touch on it disappearing off the map. RC-O: We were like, 'What's the worst thing that can happen to the player in Dead Space? Put you in the dark.' The fact that you do this to yourself, you're like 'Fuck, I know what's coming and I don't want to do it.' One of the chapters if you've gotten there, there's oxygen or lights. One thing we love is how you’ve added moments of self-inflicted scares – they're deeply unpleasant. And if it's too easy to move away from it, well it's a different game. The recipe of Dead Space is that there's something coming at you and you need to stop him before it's too close. We did that and immediately had to remove it. We’ll improve a bit on the camera and the reactivity on the controller.' And at some point we're like, ‘Well, we should put a quick turn in, because more modern survival horror games are doing that.’ So when we first started recreating Isaac and stuff, we're like, ‘OK. It's really a precise gameplay alchemy to nail. You're in that big armour with these huge guns, but still you feel really vulnerable. Dead Space has a specific feel, in terms of the weight of the character. Not even sorry.Were there moments when you realised you had gone too far and had to pull back? Then I’ll accept a revamp… What's that? Nope. If you’re building on a game that either copies or subverts the previous scares then you’re already dealing with previous expectations in a way that undermines it. It’s as much about surprise as it is dread. Fear shouldn’t have a set framework to follow. Remaking horror seems like a strange thing to me. Watching as another developer is allowed to resurrect your series while you've been melted down for parts can't be fun. You know, the original developer that EA shut down after creating three games in the series. Capcom managing to successfully and thoughtfully rebuild a classic horror series sent EA poking around in the dusty boxes of Visceral’s old offices. ![]() VentureBeat’s report cites the recent Resident Evil 2 remake as a major reason for EA to return to the Ishimura. It looks like it’ll be somewhere in between, with reports suggesting that EA Motive are working on a remake of the original game, and an expected reveal at July 22’s EA Play Live. A Dead Space return has long been rumoured, with everything from a remaster of the first game to a new game being hinted at. ![]() ![]() ![]() When purchasing DVD-R media, be sure to get DVD-R (General) the other type, DVD-R (Authoring), is used in professional DVD writers and is not supported by iDVD. ![]() DVD-Recordable discs can be burned once, and then played back in nearly any consumer DVD player and DVD-capable computer. DVD physical formatsīefore you rush out and buy a mega-pack of blank DVDs, take a few minutes to acquaint yourself with the different formats that are out there. In addition to storing all this data, DVDs can be set up so they automatically play movie files and include a menu system to give you control over how the content plays. The Digital Versatile Disc is quite a wonder: it's physically small, like a CD, but packs nearly seven times the data into the same space: a CD stores roughly 700 MB, while a DVD holds approximately 4.7 GB. This chapter offers a look at iDVD's interface and major functions in order to give you the foundation you'll need for the next chapters that deal with building projects and customizing them. ![]() An iDVD project, whether you like it or not, is polished, which goes a long way toward making people think, "Wow, I had no idea he was so talented." Apple has clearly put a lot of thought into the DVD themes that ship with iDVD, making each one something you'd actually want to show off to people. IDVD also does something that no other program can do: It gives you style. More importantly, it manages the MPEG-2 compression needed to cram multiple gigabytes' worth of data onto a shiny platter the size and shape of a regular audio CD. While you're focused on choosing which photo should appear on the title page of your DVD, iDVD handles the specifics of building the structure necessary for most consumer DVD players to play back your masterpiece. Quite a lot of highly technical work goes into creating a DVD-in the background. True, it's not the same as seeing the picture at high-definition quality, but it's a start. In the meantime, iDVD imports HD projects with ease and converts them into widescreen DV format. (Software such as Roxio Toast can do so, with the addition of an external Blu-ray disc burner.) As such, iDVD does not support Blu-ray either. Blu-ray may have won the HD format war, but currently no Macs support burning to Blu-ray discs. IMovie can create HD movies, but don't expect to create a high-definition DVD for now. ![]() ![]() ![]() Once you get over that hump, mosey on over to your PSWA gateway box ( mem1 in my example), start an elevated Windows PowerShell console session, and issue the following one-liner: Install-WindowsFeature -Name WindowsPowerShellWebAccess -IncludeManagementTools -Restart In other words, we'll tunnel through the PSWA gateway to get to dc1.įirst the possibly bad news: Installing the PowerShell Web Access role involves a server restart if you don't have the IIS bits already installed. Windows Server 2012 R2 domain controller that is our ultimate management target. Windows Server 2012 R2 member server that will be our PSWA gateway. For this example, my environment uses the computers described in the following table. The best way to learn how PSWA works is to set it up and work with it. As Figure 1 shows, as long as you have access to a PSWA jump box, and the jump box has permissions to the screened subnet, you can accomplish your goal.įigure 1 PowerShell Web Access serves as an excellent jump box to manage hosts that are normally out of reach. One common use case I've seen is employing the PSWA gateway as a "jump box." Imagine that you want to send PowerShell commands to one or more hosts located on a screened, protected subnet, and firewall/security rules prevent you from interacting with the secure hosts directly. PSWA combines an Internet Information Services (IIS) web application with the magic of Windows PowerShell remoting to allow administrators to access the PowerShell console host ( powershell.exe) from a web browser. PowerShell Web Access (PSWA) is a built-in role in Windows Server 2012 and Windows Server 2012 R2. In this article, you'll learn how to deploy a PowerShell Web Access (PSWA) gateway to support "PowerShell through a pinhole." Understanding PowerShell Web Access (PSWA) I'm leading you a bit, of course, because you absolutely can access a PowerShell console session from just about any desktop or mobile browser in the world that supports cookies, SSL/TLS, and JavaScript-which is the vast majority of them, of course. Wouldn't it be awesome if you could just send that PowerShell instruction directly from your smartphone? ![]() Sure, you can walk through the PowerShell with your colleague, but the chances are good that he or she is PowerShell-phobic. The trouble is that you're on the beach with only your smartphone. It turns out one of your infrastructure servers is messed up, and the fix can be accomplished by running a single PowerShell pipeline. Imagine that you're on vacation with your family, enjoying the sunshine, when you receive an emergency call from your IT department colleague back at the office. Windows PowerShell in 24 Hours, Sams Teach Yourself ![]() ![]() ![]() This is an amazingly fun seed: 2 Jungle Temples, 1 Desert Temple, 2 Large Villages (one desert and one plains) and 4 smaller villages. Also 6 villages and a massive ravine with tonnes of gear in it. If you are having any issues, shoot us an email, Contact MPGH Support.ĭesert Temple in a Jungle. Ads are removed, almost completely ad free browsing.Let your voice be heard! You can post, reply, and share whatever is on your mind.Active marketplace for gamers and people like you, with thousands of contributors and over half a million posts.Interact with our great community, and make new friends with our members.Free access to tutorials, resources, information, tools, trainers, cheats and hacks.Access to our large gaming community with millions of discussions to participate in.REGISTER now for full benefits of our site, it's completely FREE to join: With several hundred thousand FREE hacks, cheats and bots, over 4 million members strong, a free and open marketplace and a great community, what else is there to ask for? ![]() ![]() Hacks & Cheats, Call of Duty Hacks & Cheats, Gunz Hacks & Cheats, Quake LIVE Hacks & Cheats, WolfTeam Hacks & Cheats, America's Army Hacks & Cheats, Battlefield 2/2142 Hacks & Cheats, Battlefield Heroes Hacks & Cheats, Battlefield Bad Company 2 (BC2) Hacks & Cheats, Battlefield 3 (BF3) Hacks & Cheats, Maplestory Hacks & Cheats, Diablo 3 Hacks & Cheats, Starcraft 2 Hacks & Cheats, Heroes of Newerth Hacks & Cheats, Call of Duty Hacks & Cheats, Call of Duty 4 Hacks & Cheats, Modern Warfare Hacks & Cheats, Modern Warfare 2 Hacks & Cheats, Call of Duty Modern Warfare 3 Hacks & Cheats, Project Blackout Hacks & Cheats, Runescape Hacks & Bots, Minecraft Hacks & Mods, MAT Hacks & Cheats, All Points Bulletin Hacks & Cheats, Vindictus Hacks & Cheats, Dragon Nest Hacks & Cheats, DayZ Hacks & Cheats, WarZ Hacks & Cheats, Arctic Combat Hacks & Cheats, Black OPS 2 Hacks & Cheats, BlackLight Retribution Hacks & Cheats, Bullet Run Hacks & Cheats, All Points Bulletin Hacks & Cheats, Arctic Combat Hacks & Cheats, Warframe Hacks & Cheats, Crysis 3 Hacks & Cheats, Warface Hacks & Cheats, Realm of the Mad God Hacks & Cheats, War Thunder Hacks & Cheats, Call of Duty Ghosts Hacks & Cheats, Battlefield 4 Hacks & Cheats and cheats and trainers for many other multiplayer games. Welcome to MPGH - MultiPlayer Game Hacking, the world's leader in Game Hacks, Game Cheats, Trainers, Combat Arms Hacks & Cheats, Crossfire Hacks & Cheats, WarRock Hacks & Cheats, SoldierFront Hacks & Cheats, Project Blackout Hacks & Cheats, Operation 7 Hacks & Cheats, Blackshot Hacks & Cheats, A.V.A.16 Best Minecraft XBOX 360 Edition Seeds. ![]() ![]() ![]() Quality stock music can transmit the tone of your video, enhancing its freshness, class, seriousness, and a variety of other qualities. On the other hand, music is an element that can enhance the perspective of your video. As a result, it is difficult for content creators to keep up with the pace of creating videos of excellent quality consistently. Each video platform has its own set of requirements for production value, with YouTube perhaps favoring the highest possible standard. Still, it does provide users with more alternatives for using high-quality music in their films without having to worry about running into the kinds of copyright concerns that have long plagued the service. The addition of 150 songs to the service's collection is certainly a tiny step forward. Various genres, ranging from ambient and classical to pop and R&B, are represented, and songs are also categorized according to their moods (angry, dark, happy, romantic, etc.). Overall, the sound quality of the music is a significant improvement above the majority of the 150,000 other audio songs available on YouTube. More musicians interested in having their work included in the collection of songs can submit their work via a call for submissions. ![]() To collaborate on this project, the crew searched "far and wide" for musicians and producers to collaborate with. YouTube has claimed that the tracks, which are available for download as 320 Kbps MP3s, may be utilized for "any creative purpose," including those unrelated to the YouTube platform. The music in YouTube Audio Library is completely free to download, remix, and use whatever you choose. YouTube is increasing its music collection with 150 new royalty-free songs that will be accessible to stream starting today. On the other hand, because the music is not available for downloading or remixing, it is impossible to incorporate it into creative endeavors in fresh ways. If you want to find music that has a standard YouTube Audio Library licence that doesn't require attribution, click the filter bar > Attribution not required.For the time being, YouTube makes over 150,000 audio files available for video creators to use as background music for their videos. You can now paste this info into your video's description. In the pop-up window, click Copy to copy the attribution text.In the Licence type column, click the Creative Commons icon.Note: To browse all music with a Creative Commons licence, click the filter bar > Attribution required.To generate attribution info, you can use: If you're using a track with a Creative Commons licence, you must credit the artist in your video's description. Using the controls on the audio player, you can pause, seek and play the previous or next track. The track will continue to play as you browse the Audio Library. If you like what you hear, hover over the date and click DOWNLOAD to get an MP3 file. You can also filter sound effects by category and duration (length in seconds). To find a certain sound effect, enter a track title or keyword in the search bar. In the Sound effects tab, use the filters and search bar to find sound effects for your videos. New releases are added to the Audio Library twice a month. To see a list of your favourite tracks, click the Starred tab. Save your favourite tracks by clicking the star icon next to the track title. You can sort your search results by track title, artist name, duration or date by clicking their column names. Refine your search results by clicking the filter next to the artist, genre or mood of individual tracks. You can also use filters to find music by the track title, genre, mood, artist name, attribution and duration (length in seconds). To find a certain track, enter a track title, artist or keyword in the search bar. In the Free music tab, use the filters and search bar to find tracks for your videos. ![]() You can also access the Audio Library directly at /audiolibrary Search the Audio Library Find music From the left-hand menu, select Audio Library.The Audio Library is found exclusively in YouTube Studio. Music and sound effects from the YouTube Audio Library are copyright-safe. ![]() ![]() ![]() So you don’t know it exists, you don’t know how widespread and how powerful it really is.” “Liberals or even most moderates never listen to it, they don’t pay attention to it, they don’t see it, they don’t hear it. During performance reviews, it says, Hwang, who is a Christian, told employees to “devote more time to their faith.” At company retreats, employees received praise for publicly declaring gratitude for “God, Hwang and Archegos,” according to the suit. Job interviews “revolved around religion and an investigation into the candidate’s religious upbringing,” according to the suit. Sullivan, who left anyway, has not received any money from the plan, though as recently as January of this year the company continued to promise former employees they would do so, according to a letter seen by DealBook that Archegos sent to former employees.Īrchegos was run like a “cult,” the suit says. The fund tried to dissuade employees from quitting, and cast doubts over deferred compensation payments if they did, the suit says. DealBook contacted a lawyer for Hwang and a spokesman for Archegos, neither of whom immediately responded with a comment. “Hwang and these executives lied to their employees like they lied to the banks,” Sullivan’s lawyer, Michael Bowe of Brown Rudnick, told DealBook. “The message was crystal clear,” the suit argues. What’s more, it says, employees were forced to contribute at least 25 percent of their annual bonus to the plan, and declare how much they would defer before they knew the details of the bonus. Neither claim was true, according to the suit. Hwang was charged with fraud by federal prosecutors this year on suspicion of misleading lenders and market manipulation, and has pleaded not guilty to the government suit last week, lawyers for Archegos filed motions to dismiss other suits against the firm from the Commodity Futures Trading Commission and the S.E.C.įund employees were told that the deferred pay plan was guaranteed, the suit says, and that it was invested in highly liquid stocks. The suit seeks to force Hwang and others to cover the employees’ losses. The case against Archegos: Brendan Sullivan, a tech stock analyst who joined the firm in 2014 and resigned shortly after it blew up, said he lost $50 million, which was part of a $500 million deferred employee compensation plan that evaporated along with Archegos’s other assets when its highly leveraged options strategy failed. That prevented Wall Street from participating in the bubble the ways it did in previous ones - by making loans so people could buy more houses or stocks, or by making it easier to buy and sell the rising asset. If banks wanted to put those assets on their balance sheets, they had to offset the risk with at least the equivalent value in cash. Last year, the Basel Committee on Banking Supervision, which helps set capital requirements for big banks around the world, proposed giving Bitcoin and other cryptocurrencies the highest possible risk weighting. Wall Street banks did want to get into crypto, but international regulators wouldn’t let them. But when it comes to crypto, few see a risk of contagion - the chance of losses from digital money markets undermining the banks. That’s not to say the big banks are without problems: Rising interest rates and falling stock prices have limited the number of companies that want to do deals, leaving bankers idle. Nor have they lent much into the emerging market for new money. That’s not the case for most banks, which generally don’t own crypto or run funds that invest in it. ![]() Lured by the promise of quick returns and astronomical wealth, many individuals bought new digital currencies or stakes in funds that held these assets. Plunging digital asset prices have left some retail investors with large losses. Unlike in the 2008 crisis, the fortunes of Wall Street and Main Street have diverged. In the great cryptocurrency blood bath of 2022, writes The Times’s Emily Flitter, Wall Street is winning. Some have even managed to turn a profit on the collapse. How Wall Street’s biggest banks sidestepped the crypto meltdownĪs Bitcoin prices have plunged and cryptocurrency start-ups have failed, Wall Street’s biggest banks and their wealthiest clients have barely taken a hit. ![]() |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |