The NYFed has quietly injected tens of billions into major banks—now with no limit. Unreported policy changes raise fears of another Wall Street bailout.
David Cay Johnston has been a good investigative reporter for decades. He has followed trump's misdeeds since at least Atlantic City. This article needs more citations (has some loose sourcing); if the allegations are true, it points to disturbing fragility in the US banking sector with serious adverse potential for real harm on the economy, including small investors and regular folks. I'm sure the billionaires will be fine.
https://www.dcreport.org/2025/12/29/ny-fed-unlimited-cash-infusions-bank-crisis/
h/t @dangillmor
https://mastodon.social/@dangillmor/115806627318781394
Karbon Based is the internet home of Garrett Murray. Garrett is the Founder & Managing Director of Karbon, a mobile apps design and development agency. His current interests include mechanical keyboards, video games, technology and photography.
I worry that we’re going to pendulum-swing back too far, or for the wrong reasons (semi-transparent N64 nostalgia, for example), when I read pieces like these.
The toilet seat iBook is not a “rectangle” and was colorful, but it was in no way even in the same universe of quality as the devices we have today.
And, reducing clutter IS good in software design. The person designing it just needs to know the difference between UI and clutter. Dye clearly does not.
Towards a bigger, better fediverse
Working full time on the Social Web
In January 2026, I will begin working full time in my role as Director at the Social Web Foundation. I am looking forward to the challenge of growing this young non-profit and fulfilling our mission to make a bigger, better Fediverse.
As a refresher: I have been working in the area of federated social networks since starting Identi.ca in 2008. Federated social networks are social platforms that let users on one platform connect to and interact with users on another platform. Linked up with open standard protocols, these platforms together form a Social Web that puts people first.
In 2018, I was a co-author of the ActivityPub standard for social network interoperability. I currently maintain the spec for the W3C and develop extensions for it. In 2024, I wrote ActivityPub: Programming for the Social Web for O’Reilly Media. And I co-founded the Social Web Foundation to further encourage the use of ActivityPub in social networks.
For the last year, I’ve been working nights, lunchtimes and weekends on SWF while holding down my full-time role as Director of Open Technology at the Open Earth Foundation. I love working at OEF; the organization build Open Source software to help cities fight climate change. I have felt very fulfilled in my work there, and I’ve made really strong friendships with the team. It’s been a very special place to work that has changed how I think teams can be.
But over the last year, SWF has had some really amazing opportunities, and in 2026 we’ll be making some big steps forward for the Social Web. I can’t keep doing both jobs, and I feel like, after 4 years at OEF, I’ve done what I can to build up that organization, and I am ready to start on this next one.
It will feel good to have my full attention focused on the Social Web. I’m looking forward to seeing my Open Source friends at FOSDEM 2026 in Brussels at the end of January where I’m helping to organize the Social Web track. I’m speaking at Princeton mid-February, and I’ll be in the Bay Area at the beginning of March. All this time, I’ll be working hard to get the next version of ActivityPub released and to push out several software projects to make the Social Web more fun and interesting.
Thanks to everyone who’s put time, effort and help into the SWF. Thanks to my coworkers at OEF for encouraging me on my next steps in my career. Thanks to my wife and family for tolerating yet another leap into the void.
I hope you have as exciting a New Year as I will.
Notes from someone who's withstood White House demands to stop an explosive story—and who once even had a 60 Minutes piece spiked
Soundtrack: Lynyrd Skynyrd — Free Bird This piece is over 19,000 words, and took me a great deal of writing and research. If you liked it, please subscribe to my premium newsletter. It’s $70 a year, or $7 a month, and in return you get a weekly newsletter that’
Chris Geidner flags today an appearance by CBS News’ Chief Legal Correspondent...
“I think that 2025 was the year where the algorithm completely took over, so followings stopped mattering entirely,” LTK CEO Amber Venz Box said.
Just because you post something doesn’t mean your followers will see it, unless you're posting on Mastodon or Bluesky: Social media follower counts have never mattered less, creator economy execs say | TechCrunch https://techcrunch.com/2025/12/29/social-media-follower-counts-have-never-mattered-less-creator-economy-execs-say/
Split keyboards are the best, but no company offered one that satisfied me completely. What followed changed my life as a writer forever.
Highlights and hopes for the new year.
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