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"Analysts think Uber, the world's highest valued private company, could pull in as much as $120 billion from public funding, making it the biggest IPO in US history.

"It's huge," Matthew Kennedy, senior IPO market strategist for Renaissance Capital, said of Uber's potential valuation. "Its IPO will result in a lot of overnight millionaires."

If history is any guide, they'll buy new homes and cars, throw wild parties, invest in wineries in nearby Napa and Sonoma, and possibly even install deluxe bomb shelters (the next big thing for tech's moneyed set). Those IPOs also mean rising housing costs.

"They're already thinking of ways of how they're going to spend that money," said Brian Solis, principal analyst at market research firm Altimeter Group. "It's going to affect the city in a lot of positive and negative ways."
Forwarded from Max Morris
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"I want to call out a particular way that we are working together here, based on Brendan's messages from t.me/IntuitiveSocialGiving the other day.

When people come into our network and ask for money, ask for help, ask for what they need, we identify ways that they can help that increase our ability to all together create income streams, and in every possible way, we are identifying the person asking for money, the person asking for their needs to be met, how do we already know how to create an income stream, or multiple income streams, that would make just enough money for them to serve that need self-sufficiently, for it to be sustainable, for it to continue being met, because we created an income stream that was specifically for that, or specifically for in whatever way is needed.

Anyone who comes and asks for help has access to our resources in creating an income stream for themselves, that they have charge of, that the money goes to them.

They can learn how to maintain, sustain, and grow that income stream, or add other income streams to it, because that is the nature of collaboration in the community that we've built."
"Peter Singer is the Ira W. DeCamp professor of bioethics at Princeton University. His books include β€œAnimal Liberation,” β€œPractical Ethics”

Why then do so many people give to Make-A-Wish, when there are more practical ways of using their charitable dollars? The answer lies, at least in part, in those above-mentioned emotions, which, as psychological research shows, make the plight of a single identifiable individual much more salient to us than that of a large number of people we cannot identify.

In one study, people who had earned money for participating in an experiment were given the opportunity to donate some of it to Save the Children, an organization that helps poor children. One group was told things like: β€œFood shortages in Malawi are affecting more than three million children.” A second group was shown a photo of a 7-year-old African girl, told that her name was Rokia and urged that β€œher life will be changed for the better as a result of your financial gift.” The second group gave significantly more. It seems that seeing a photo of Rokia triggered an emotional desire to help, whereas learning facts about millions of people in need did not."
https://www.greenleft.org.au/content/save-children-not-saving-anyone

The fiercest faultfinder of Save The Children’s three years in β€œthe abuse supply chain” is RISE: Refugees, Survivors and Ex-detainees. The lack of public disclosure by Save The Children, post-exit from the detention centre sector, culminated in RISE sending a formal letter in late August with pressing questions for the Save The Children β€” Australia & Overseas board of directors. These same international directors have faced remuneration scandals, fossil fuel conflicts of interests and their disastrous 2014 award to one of the drivers of the refugee crisis: Tony Blair.

The hard-hitting RISE letter states: β€œThe purpose of this letter is to address the continued lack of accountability in Save The Children β€” Australia’s role in the Australian government’s abusive, human rights violating asylum seeker trafficking and detention supply chain in Manus and Nauru