March 2024 - cypherpunks - lists.cpunks.org

AI In Accounting Raises OT Exemption Questions
by Gunnar Larson 30 Mar '24

30 Mar '24

AI In Accounting Raises OT Exemption Questions <https://www.law360.com/health/articles/1818259?nl_pk=6422bbc2-a823-4be5-9a9…> A recent surge in the use of artificial intelligence in accounting work calls into question whether professionals in the industry can argue they are no longer overtime exempt under the Fair Labor Standards Act, highlighting how technology could test the limits of the law for a variety of professions, say Bradford Kelley at Littler and Stephen Malone at Peloton Interactive. Read full article » <https://www.law360.com/health/articles/1818259?nl_pk=6422bbc2-a823-4be5-9a9…> | Save to favorites » <https://www.law360.com/health/articles/1818259?nl_pk=6422bbc2-a823-4be5-9a9…>

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Has the Bull Rally for PayPal Begun?
by Gunnar Larson 30 Mar '24

30 Mar '24

https://www.fool.com/investing/2024/03/28/has-the-bull-rally-for-paypal-beg… PayPal (NASDAQ: PYPL) has been one of the worst-performing stocks in the market during the past few years. Long-term shareholders (like myself) have felt a lot of pain since PayPal peaked at $308 per share in 2021. However, within the past six months, the stock has crossed into valuation territory often reserved for companies that are shrinking, not growing. Many investors have wondered if PayPal might see a resurgence like Meta Platforms did in 2023, and with the stock up more than 10% from its March lows, it could be the start of a major bull run. So, is it time to buy PayPal stock? Or is this just a false dawn? PayPal has a long road to regain investors' confidence PayPal has long been the face of the fintech industry. It helped smoothly transfer money from one person to another and process business transactions. However, competitors eventually rose and took some of PayPal's market share, including vital streams like eBay and various mobile payment apps. Now, PayPal seems like a legacy app to many consumers. But it can also be an easy way to manage all payment types a consumer has and quickly process transactions for e-commerce stores because PayPal already has the user information. Quick transactions are key for any store, as they give the consumer less time to second-guess themselves. This makes partnering with PayPal a smart idea, which is why PayPal options have become more prevalent at online checkouts in recent years. Speeding up the checkout process and giving the user more information is at the core of PayPal's six new innovations for its platform, which new Chief Executive Officer Alex Chriss unveiled in early 2024. But it remains to be seen if this can kick-start growth for PayPal. It's the market's assumption that PayPal is a failing business that can never recover, which is why it trades for such a deep discount. PYPL PE Ratio Chart PYPL PE Ratio Chart Indeed, 17 times trailing and 13 times forward earnings is dirt cheap, especially considering that the S&P 500 trades at 23 times trailing at 22 times forward earnings. The broader market is shunning PayPal, but management isn't sitting around doing nothing. PayPal has the potential to return to market-beating status Thanks to PayPal's cheap valuation, the previous management team spent a lot of its cash flows on repurchasing shares. Chriss and his new team projected at least $5 billion in buybacks in 2024, so the trend will continue. But how significant is a $5 billion share repurchase program? It's quite a big deal. After subtracting the $1.56 billion in stock-based compensation expenses PayPal incurred in 2023, the net effect of the repurchase will be about $3.44 billion. With PayPal currently valued at $72 billion, this would reduce the shares outstanding by about 5% each year. That means if PayPal has the exact same net income in 2024 as in 2023, its earnings per share will rise 5.3%. Remember, that's with no growth. However, PayPal also projects mid-single-digit percentage revenue growth in Q1. Looking further out, Wall Street analysts project PayPal to continue this trend for 2024 and 2025, with an average of 42 analysts projecting 7% and 8% revenue growth this year and next. If PayPal can grow in the high single digits while reducing its shares outstanding by 5%, it can produce earnings per share (EPS) growth rates in the low double digit percentages. That could lead to a market-beating stock. This would undoubtedly unlock some new interest in owning the shares, which would cause its cheap valuation to increase. As a result, the PayPal rally may have already begun, with investors anticipating stronger-than-expected Q1 results. We won't know how PayPal is doing until late April, but there are enough positive signs now and a high margin of safety that I'd be comfortable buying PayPal's stock right now.

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Red Roof Inns Must Face Ohio Sex Trafficking Suits
by Gunnar Larson 30 Mar '24

30 Mar '24

Red Roof Inns Must Face Ohio Sex Trafficking Suits <https://www.law360.com/newyork/articles/1818871?nl_pk=ac5a3855-e47c-4403-be…> By Travis Bland Red Roof Inns Inc. can't escape nine lawsuits over its purported role in sex trafficking, an Ohio federal judge ruled Thursday, saying the anonymous victims met pleading standards to allege the hotel chain knowingly made money through their victimization. Decision attached | Read full article » <https://www.law360.com/newyork/articles/1818871?nl_pk=ac5a3855-e47c-4403-be…> | Save to favorites » <https://www.law360.com/newyork/articles/1818871?nl_pk=ac5a3855-e47c-4403-be…>

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Prolific Consumer Atty Beats Fireball Maker's Sanctions Bid
by Gunnar Larson 30 Mar '24

30 Mar '24

Prolific Consumer Atty Beats Fireball Maker's Sanctions Bid <https://www.law360.com/newyork/articles/1818432?nl_pk=ac5a3855-e47c-4403-be…> By Lauren Berg An Illinois federal judge has declined to sanction a prolific plaintiffs' attorney over alcoholic beverage company Sazerac Co. Inc.'s allegations the attorney sues without regard to the facts and law, saying the complaint "was not entirely baseless" and the suit was dropped within a "safe harbor" period under civil procedure rules. Memorandum attached | Read full article » <https://www.law360.com/newyork/articles/1818432?nl_pk=ac5a3855-e47c-4403-be…> | Save to favorites » <https://www.law360.com/newyork/articles/1818432?nl_pk=ac5a3855-e47c-4403-be…>

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[ot][spam] notes Be Your Own Teammate by Colin Ross
by Karl Semich 30 Mar '24

30 Mar '24

colin ross is a psychiatrist who also provides recovery for military mind control, and is world-renowned. this book is an intro to trauma recovery. short notes from whole book - you must take the exercises into daily life - review content and practice exercises you find helpful - be a teammate with yourself! ch1 long notes - the book discusses trauma and also provides self-help. it’s 12 chapters. - to improve, the reader must do the exercises in each chapter and take them into their daily life - the book is an additional resource to needed conventional care - read the book patiently, a paragraph at a time - everybody can recover, and it will be slow. - parts of the self can’t be eliminated. trauma stimulates inner conflict, and we must find how to be a teammate with our parts. - go slow, and remember that you, your parts, and your experiences, have shared goals ch1 assignments 1.1 What changes do you expect to occur as a result of your efforts in reading this book? Please try to write down a few things that you think would possibly get better in your life after completing the journey of these 12 chapters. > It sounds like I will learn about Colin Ross’s understanding of trauma, which is probably the normal mainstream understanding. It’s hard for me to understand how the book and exercises will help me, but I guess I might expect that, with work, my relation with my experiences would improve, which would make me happier and more able to plan my days. I bet it will help inspire and guide me some to find therapy and stability, among other things. I bet I will have a better answer to this question after engaging the book more, as recovery is dissociative for me, and I don’t know the book well yet. I’m trying to learn to spend more time on recovery, and I’m hoping this could lay more easy groundwork for other resources. I also expect I might work much more effectively with therapists who follow the treatment guidelines of the author. That might really help me. 1.2 Everyone needs help sometimes in life, but seeking help could be a difficult step. What makes you want to read this book and improve your life? > When I learned mind control was a real thing and there was real recovery from it, I was immensely excited. I didn’t believe I could ever direct my own life again. I want to find how to be free. It’s very hard to think and say, but it’s obvious too, for everyone. ch1 questions 1 = strongly disagree 10 = strongly agree 1. Does the content in this chapter relate to your experience? > 4 ?? i have denial 2. Have you learned this content before? > 2 that’s ch1 :D ch2 is on safety :S

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NC Atty Calls Airline Mogul's Bank Records Request 'Reckless'
by Gunnar Larson 29 Mar '24

29 Mar '24

NC Atty Calls Airline Mogul's Bank Records Request 'Reckless' <https://www.law360.com/banking/articles/1818780?nl_pk=feb6bbba-7878-4d39-be…> By Travis Bland A North Carolina attorney has asked a federal court to snuff a request by an airline tycoon to dig into the attorney's banking records as part of a hacking conspiracy lawsuit, arguing the request is an overbroad, "reckless" grab at irrelevant information. Motion attached | Read full article » <https://www.law360.com/banking/articles/1818780?nl_pk=feb6bbba-7878-4d39-be…> | Save to favorites » <https://www.law360.com/banking/articles/1818780?nl_pk=feb6bbba-7878-4d39-be…>

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Ohio Justices Split On Attorney's Sanction For Hiding His Past
by Gunnar Larson 29 Mar '24

29 Mar '24

Ohio Justices Split On Attorney's Sanction For Hiding His Past <https://www.law360.com/health/articles/1818602?nl_pk=6422bbc2-a823-4be5-9a9…> By Ryan Harroff The Ohio Supreme Court has given a Cleveland attorney a six-month stayed suspension for omitting information in his application for a physician assistant license about multiple name changes and prior proceedings against him for having child pornography on his computer, which he had created via photo editing to demonstrate a point while serving as a defense expert. Opinion attached | Read full article » <https://www.law360.com/health/articles/1818602?nl_pk=6422bbc2-a823-4be5-9a9…> | Save to favorites » <https://www.law360.com/health/articles/1818602?nl_pk=6422bbc2-a823-4be5-9a9…>

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Direct Claims Ruling May Alter Gov't Ties To Software Firms
by Gunnar Larson 29 Mar '24

29 Mar '24

Direct Claims Ruling May Alter Gov't Ties To Software Firms <https://www.law360.com/health/articles/1818252?nl_pk=6422bbc2-a823-4be5-9a9…> A recent Federal Circuit decision allowing a software developer to pursue legal action under the Contract Disputes Act could change the government's relationship with commercial software providers by permitting direct claims, even in third-party purchase situations, say Dan Ramish and Zach Prince at Haynes Boone. Opinion attached | Read full article » <https://www.law360.com/health/articles/1818252?nl_pk=6422bbc2-a823-4be5-9a9…> | Save to favorites » <https://www.law360.com/health/articles/1818252?nl_pk=6422bbc2-a823-4be5-9a9…>

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Judge Nixes Aviation Atty's Defamation Suit Against Blogger
by Gunnar Larson 29 Mar '24

29 Mar '24

Judge Nixes Aviation Atty's Defamation Suit Against Blogger <https://www.law360.com/legalethics/articles/1817745?nl_pk=153d4a8a-6fb9-4a5…> By Christine DeRosa A Connecticut federal judge has permanently dismissed a defamation suit brought by an aviation attorney against a Connecticut-based blogger and journalist, stating the claims are barred by the state's statutes of limitations and cannot be saved by equitable tolling arguments based on federal law. Order attached | Read full article » <https://www.law360.com/legalethics/articles/1817745?nl_pk=153d4a8a-6fb9-4a5…> | Save to favorites » <https://www.law360.com/legalethics/articles/1817745?nl_pk=153d4a8a-6fb9-4a5…>

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Meta Says Speech Immunity Dooms Instagram Addiction Case
by Gunnar Larson 29 Mar '24

29 Mar '24

Meta Says Speech Immunity Dooms Instagram Addiction Case <https://www.law360.com/technology/articles/1818603?nl_pk=2bd720dd-746c-4744…> By Julie Manganis Meta on Thursday asked a Massachusetts judge to toss a lawsuit alleging it has intentionally misled users about Instagram features purportedly designed to addict children and teens, saying it is shielded both by federal law and the First Amendment. 2 documents attached | Read full article » <https://www.law360.com/technology/articles/1818603?nl_pk=2bd720dd-746c-4744…> | Save to favorites » <https://www.law360.com/technology/articles/1818603?nl_pk=2bd720dd-746c-4744…>

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