SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: maceng2 who wrote (195434)1/16/2023 4:21:19 AM
From: maceng22 Recommendations

Recommended By
Cogito Ergo Sum
Winfastorlose

  Respond to of 219713
 
Apple Watch Explodes And Sends Man To Hospital (techworm.net)



To: maceng2 who wrote (195434)1/16/2023 10:52:26 AM
From: Pogeu Mahone1 Recommendation

Recommended By
fred woodall

  Read Replies (2) | Respond to of 219713
 
I worked with one of the best programmers in the world

Ray Kurzweil for over 10 years, those lists are prerogative to the judges.
--------------------------------------------------

Sam Bankman-Fried’s father, Joseph Bankman, lawyers up as FTX probe progresses

By
Thomas Barrabi

January 13, 2023 1:14pm
Updated

FTX Advisers Have Found $5 Billion Cash or Sellable Crypto to Repay Creditors

MORE ON: SAM BANKMAN-FRIED
Miami Heat home arena gets temporary name after FTX collapse

Bankman-Fried ordered $65B ‘secret backdoor line of credit’:

Miami wins bid to scrap $135M NBA arena deal with bankrupt FTX

Bankman- Fried blames rival crypto boss for ‘targeted’ campaign to destroy FTX

Stanford law professor Joseph Bankman has reportedly lawyered up as the feds move forward with their probe into his disgraced son Sam Bankman-Fried’s doomed cryptocurrency empire.

Bankman, who purportedly leveraged his connections and legal expertise to advise his son on running FTX, has hired Sean Hecker of Kaplan Hecker and Fink LLP to represent him, according to Reuters.

Hecker’s bio on the firm’s website describes him as “an experienced trial lawyer whose practice focuses on white-collar criminal defense, government and internal investigations, complex civil litigation, and regulatory compliance.”

Bankman has not been charged with a crime or informed he’s under federal investigation, a source familiar with the situation told The Post.

However, his work at FTX has come under intense scrutiny since the platform declared bankruptcy.

00:1201:27While testifying on Capitol Hill last month, current FTX CEO John Ray confirmed that his team was “investigating” the role that Bankman and his wife, fellow Stanford law professor and Democratic operative Barbara Fried, played in the platform’s collapse.

Ray told lawmakers Bankman had given “legal advice” to his son at FTX and received cash payments from the company.

Joseph Bankman was a key adviser at FTX.Stanford University“I don’t know if he actually had ‘employee’ status, but he certainly received payments, the family did receive payments,” Ray said.

Bankman was known to regularly accompany his son to meetings on Capitol Hill as the FTX founder sought to curry favor with lawmakers.

Here’s the latest coverage on the collapse of crypto giant FTX Partner-swapping, pills & playing games: Inside SBF’s FTX party house Tom Brady, Steph Curry, Larry David probed over FTX endorsements FTX, Bankman-Fried and parents bought real estate worth $121M: reportThe law professor also helped to guide the company’s philanthropic efforts and introduced his son to at least one influential investor, Orlando Bravo of the investment giant Thoma Bravo.

Barbara Fried is a well-known Democratic fundraiser.Stanford UniversityA source told Reuters that Bankman had “personally recruited” Daniel Friedberg, who served as FTX’s chief regulatory officer. Friedberg has drawn intense scrutiny since The Post and other outlets reported on his ties to the infamous UltimateBet online poker cheating scandal.

After FTX’s bankruptcy, Friedberg reportedly began cooperating with the feds on their investigation into Bankman-Fried.

SBF has been under house arrest at his parents’ home.The Post has reached out to Hecker and a representative of Bankman-Fried’s parents for comment.

Fried was not on FTX’s payroll. However, Bankman-Fried made political contributions to the Democratic advocacy network that Fried oversaw.

Barbara Fried is also a law professor.Getty ImagesBankman-Fried’s parents also acquired a $16.4 million beachfront “vacation home” in the Bahamas that was purchased using FTX funds, according to records obtained by Reuters. The parents say they plan to return the property.

The feds have accused Bankman-Fried of perpetrating one of the biggest frauds in US history by bilking FTX customers out of billions of dollars.

SBF faces 115 years in prison.AFP via Getty Images

24
What do you think? Post a comment.

Prosecutors say Bankman-Fried used the funds to fund a lavish lifestyle that included real estate and venture capital investments as well as tens of millions of dollars in political donations. He is also accused of funneling FTX customer funds to prop up risky bets at his cryptocurrency hedge fund, Alameda Research.

Bankman-Fried is under house arrest at his parents’ $4 million home in Palo Alto, Calif. Bankman and Fried secured his release on $250 million bond by putting up their house as collateral.

Facebook Twitter Flipboard WhatsApp Email Copy
24

FILED UNDER BANKRUPTCY CRYPTOCURRENCY FTX LEGAL SAM BANKMAN-FRIED 1/13/23

READ NEXT



To: maceng2 who wrote (195434)1/16/2023 5:47:42 PM
From: TobagoJack  Respond to of 219713
 
Re <<I thought India would come out first with programming skills.

Actually it's China, followed by Russia. Actually it's China, followed by Russia.


If the CIA (USA) wish to dinker with blockchain they are playing into other countries strong suit.>>

... I defaulted to thinking same because (i) I skipped critical thinking, (ii) failed to investigate, and (iii) simply carelessly trusted MSM about all that MSM gumph about Mumbai.

... the issue w/ China vs Russia is scale, or as the Pentagon puts it, Russia is winter, whereas China is climate change.

... and the CIA cannot even use the 'first' programmers on the critical bits of coding, because the political atmosphere and bloodline realities makes it unsafe to do so.

In the meantime more are getting trained in the USA and China, for China.

The below tables & blurbs cover only Chinese-Chinese from mainland China at USA, as opposed to Chinese-from-everywhere-else-at-everywhere-else including China

scmp.com
China sends more students to US universities than any other nation, survey finds, despite bilateral unease

- Over 290,000 came to American institutions of higher education in 2021-2022 academic year, down 8.6 per cent compared with previous year
- Uptick in graduate students, half of them studying STEM subjects, fuelled influx ‘independent of the state of relationships or political tensions’


statista.com


statista.com



To: maceng2 who wrote (195434)1/16/2023 6:12:47 PM
From: TobagoJack2 Recommendations

Recommended By
Arran Yuan
fred woodall

  Read Replies (1) | Respond to of 219713
 
Out of curiosity I did a search, casual but indicative

studyinrussia.ru
Over the year, the number of Chinese students in Russian universities has increased by 10%
erudera.com


studying-in-uk.org


nippon.com


scmp.com
Study of Portuguese and Spanish explodes as China expands role in Latin America

- Record numbers are doing so, wagering it will guarantee them work as diplomats, interpreters or lawyers for Chinese ministries or firms



etc etc

ignore all Covid related spins in below article and focus on the facts ...

asahi.com
Scientists leave Japan for China, wooed by better teamwork, jobs

Scientists who left Japan for better prospects elsewhere said the nation’s decision-makers could learn from China’s massive push to become a world leader in scientific research.

China has aggressively invested in research and development, poaching more and more scientists from places like Japan, where researchers face restrictive work environments and a dearth of funding.

One expert said if Japan wants to improve its international research standings and stop the brain drain of its fledgling researchers, it will have to foster work environments that allow scientists to devote themselves freely to their research.

MORE OPPORTUNITIES, MORE PRESTIGE

A Japanese scientist in his 30s remembers the immense pressure he felt when his term as assistant professor was about to expire in 2022.

He had been job hunting for a few years, seeking to become an associate professor at a national university in Japan, but nothing turned up.

“Oh, I failed again,” he said to himself. “Perhaps it’s time to begin applying for jobs at places other than universities I want to work at.”

As he pondered the thought, one scene would not leave his mind.

When he attended a scientific meeting in the United States in winter 2019, he had an opportunity to see a professor from China he knew who was wooing Chinese students studying abroad to his new research center.

As he watched young Chinese researchers listen to the professor with beaming eyes, he started to feel frustrated by the thought that Japan could end up being left behind in China’s dust.

The Japanese researchers he knew were all prone to fatalism. They would make up excuses or become resigned about their work. They often complained of minuscule budgets or a lack of time for doing adequate research.

Once he was back in Japan, he told his wife, “Those (Chinese students) are the sort of enthusiastic people I wish to work with.”

The scientist had also been approached by the professor for recruitment.

He worried that going to China offered promised nothing in return, but he decided to give it a shot.

“I needed the determination of someone announcing himself as a warlord during the Warring States Period (late 15th and 16th centuries),” he said.

He got a gig as an associate professor and moved to China with his family in spring 2022.

He found the scientists there to be highly motivated. They care about publishing many research articles and rarely miss an opportunity, he said.

The man said he feels that, unlike in Japan, Chinese society holds science and academia in high esteem, and promising young scientists are being hired and given status while they are still budding.

But he does not believe everything is rosy about being a researcher in China. There can be top-down policy changes that make it unnervingly difficult to tell whether scientists will continue to grow in number and whether political authorities will continue to place importance on science.

Yet he said he still feels excited at the prospect of doing something new.

WORKPLACES STIFLING PROGRESS

Motoharu Nowada, a 49-year-old space plasma physicist, was employed as a postdoctoral research fellow at Peking University in Beijing in 2010. His monthly take-home pay was only about 32,500 yen ($245) at the time.

Nowada said he ended up in China by chance.
After obtaining a Ph.D. at Tokai University in Japan, he could not find work at national universities. He landed a job at a university in Taiwan on a contract that would last two and a half years.

When that term expired, he was back in the job hunt but was met with the same rejections from universities in Japan. He was offered a job after he contacted a Peking University professor whose research paper had interested him.

Nowada’s contract expired again after five years, and his third spell of job hunting was even tougher than the previous time, possibly because he was older.

In the end, the Peking University professor introduced Nowada to a professor with Shandong University in China’s Shandong province, who hired him as a research associate.

He is being paid five times what he received five years earlier, thanks partly to China’s economic growth.

Although his job comes with a term that expires in 2024, Nowada said he has no regrets about his choice.

One thing that he finds strikingly different between Japanese and Chinese universities is the way people communicate within a lab.

In China, researchers form strong connections not only with supervisors but also with fellow lab mates, who respond immediately to social media messages.

But at many universities in Japan, the hierarchy is much more rigid, with the professor being the king of the castle.

After spending more than a decade at Chinese universities, Nowada said he does not necessarily agree with the popular view that China’s remarkable scientific results are made because research is better funded there than it is in Japan.

“I believe the environment that allows scientists to discuss anything among themselves is a major reason that China’s research capabilities improved,” he said.

Nowada said he has the impression that more Japanese scientists in recent years hope to go to China, where they believe there is better funding and more time set aside for research.

“By basic principle, however, your research proposals will not pass the screening and you will not be given posts in China unless your research is novel and you have delivered results,” he said.

Nowada said that had he stayed in Japan, he would not have published as many research articles.

“I hope young Japanese scientists will think of China as one optional destination on the understanding that competition is tough in the country,” he said.

JAPAN FALLING BEHIND IN RANKINGS




Japan and China have switched places when it comes to their presence in the world of science over the past 20 years.

An education ministry study found China overtook the United States in recent years to become the world’s top publisher of research papers and the country with the highest number of high-quality papers with citation counts in the top 10 percent.

Japan ranked fourth in terms of the number of top 10 percent articles 20 years ago. It fell to sixth place 10 years ago, and the latest survey from 2022 found it had fallen out of the top 10 nations to rank 12th.

Japan’s decline in research abilities is blamed partly on the nation’s “selection and concentration” policy, where it invests intensively in only a few research fields because of limited funds.

Budgets tend to be focused on a limited set of universities, and scientists find it particularly hard to obtain grants in basic research fields.

Government subsidies for the operating costs of national universities, which are used to cover personnel, have either continued to shrink or, at best, have not improved. Young scientists are hard-pressed to land permanent posts.

Fewer researchers are obtaining Ph.D.s because of the uncertainty about the future.

Education ministry figures show the annual number of Ph.D.s obtained in Japan peaked at 17,860 in fiscal 2006 and has hovered around 15,000 in recent years. The number of Ph.D.s obtained in China skyrocketed from 26,506 in fiscal 2005 to 65,585 in fiscal 2020—an increase of about 150 percent.

Japan has set a goal of becoming a leader in science and technology, but its rank will only decline further if the scientist brain drain accelerates.

China is investing aggressively in science and technology, with research and development expenses in the country reaching 59 trillion yen in 2020, making it second in the world only to the United States. Japan only spent 17.6 trillion yen.

Basic research spending in China is also rising. In 1991, it was less than one-20th of Japan’s amount. In 2020, it reached 3.5 trillion yen—exceeding Japan’s 2.7 trillion yen.

The spectacular growth of China is often attributed to its abundant personnel and research funding.

But an expert on China’s approach to science, Atsushi Sunami, president of the Sasakawa Peace Foundation, said institutional arrangement is key before everything else.

China pressed ahead with university reforms on the government’s initiative and gave considerable discretion to members of university management, including presidents.

That created an environment that allows free research, where even young scientists have opportunities to be promoted and to win research grants if they are competent, Sunami said.

The country is also aggressively luring excellent researchers who have studied abroad.

It is unknown, however, whether China will be able to remain so competitive in the shadow of rising tensions between Washington and Beijing.

“I feel that China’s research environment is undergoing a major change because the state and its political circles have started intervening in freedom of speech,” Sunami said. “I am also worried about the extent to which the country’s ‘zero-COVID’ policy, which entailed extremely strict regulations, and other factors have influenced the research environment.”

(This article was written by Yu Fujinami, Mutsumi Mitobe and Shoko Tamaki.)