The Daily Parker

Politics, Weather, Photography, and the Dog

SBF gets 25

Today is the 45th anniversary of Three Mile Island's partial meltdown, and the day after Sam Bankman-Fried's total meltdown:

Sam Bankman-Fried, the former cryptocurrency mogul who was convicted of fraud, was sentenced to 25 years in prison on Thursday, capping an extraordinary saga that upended the multi-trillion-dollar crypto industry and became a cautionary tale of greed and hubris.

Mr. Bankman-Fried’s sentence was shorter than the 40 to 50 years that federal prosecutors had recommended, but above the six-and-a-half-year sentence requested by the defense lawyers. A federal probation officer had recommended 100 years, just under the maximum possible penalty of 110 years behind bars.

His sentence ranks as one of the longest imposed on a white-collar defendant in recent years. Bernie Madoff, who orchestrated a notorious Ponzi scheme that unraveled during the 2008 financial crisis, received a 150-year sentence in 2009. He was in his 70s at the time and died 12 years later. Elizabeth Holmes, who was convicted of defrauding investors in her blood-testing startup, Theranos, was sentenced to 11 years and three months in 2022.

Molly White had some thoughts on this earlier in the week:

Bankman-Fried [tried] to argue that no money has been lost thanks to his fraud, mostly based on the argument that the bankruptcy team has estimated that creditors will receive a "100% recovery". In a later letter, he even submits that he tried to help the bankruptcy team recover assets. Incredibly, he includes in his evidence to support this claim the screenshots of his January 2023 message to Ryne Miller — despite the fact that Judge Kaplan already determined that his arguments that the message was just an attempt at being helpful "d[id] not appear, on a preliminary basis, to be a persuasive reading". Kaplan later decided that the same message was one of two instances in which Bankman-Fried had tried to tamper with a witness, and rescinded his pre-trial release.

Bankman-Fried's arguments regarding losses were rebutted by the prosecutors in several different ways and, somewhat awkwardly, also rebutted by the very same bankruptcy team he quoted to support his claims that customers would be reimbursed at 100%.

[Prosecutors did] not seem optimistic about Bankman-Fried's future prospects, writing that "A sentence that resulted in the release of the defendant while he is at a working age would leave open the very real possibility that he perpetrates again."

If he serves the minimum time possible, he'll get out in his mid-50s.

Heading home soon

American Airlines says my flight home has a 45-minute delay at the moment (though of course that could get worse). So I just spent 35 minutes walking in a big circle around the southwest corner of downtown San Diego. I don't think I'd ever live here, but I do enjoy the weather.

Meanwhile, as if I don't have too many things on my to-be-read shelf already, the New York Times book editor has released a list of the 22 funniest novels since Catch-22. Maybe someday I'll get to a few of them?

Anyway, I should be home with Cassie in about 11 hours. If she understood English and had any concept of "future," she'd be excited too.

How many steps do you need?

I've spent the morning getting a demo ready so that I don't have to be on the call at 3:30 am PDT. And now, I'm heading off to do a hike with a few of my co-workers. While I'm hiking, I'll be building up to my daily goal of 10,000 steps, which I make about 97% of the time.

But maybe I don't need that many? National Geographic takes a look:

Getting in 9,000 to 10,000 daily steps cuts risk of death by more than a third and reduced cardiovascular disease risk by at least 20 percent, but even smaller increases showed benefits, researchers found in a study of more than 72,000 people.

“Any activity is good activity. We found the more steps you did per day, the lower your risk of mortality and cardiovascular disease was,” says Matthew Ahmadi, an epidemiologist at the University of Sydney in Australia and one of the study’s authors. “The 10,000 mark is a great target to hit, but even if you aren’t able to hit that, still doing any amount of activity to increase your daily steps can go a long way to improving your health and lowering your risk of disease.”

In fact, highly sedentary people in the study began experiencing a heart benefit starting as low as 4,300 steps per day, when their risk of heart disease fell by 10 percent. Doubling that step count to 9,700 steps a day doubled the benefit.

Let's see how I do today.

Walk to San Diego waterfront

Given the weather and the fact that I'd been stuck in the conference hotel all day, I slipped out for a 4-kilometer walk around downtown San Diego this afternoon. It was perfectly clear and 20°C, but somehow I persevered.

I was exercising so I didn't take a lot of photos. But I have never seen a cruise ship up close before, so despite the mouse on the front, this impressed me:

That's the Disney Wonder. I will never go on that ship any more than I will get to go on the USS Carl Vinson, which is behind it to the left, and frankly even more impressive.

Then there was this sign, which shows that Little Italy will, in fact, take your shit:

And now, I have to demonstrate the product we've been working on for four years to a lot of other developers.

O'Hare again

Just quickly passing through O'Hare on my way to a work conference for a couple days. I saw a couple of snow flurries on my way here this morning, which happens mid-March in Chicago. Despite the two minutes of discomfort, though, I left my winter coat in my car. Won't need it where I'm going.

Another busy day

Getting ready for a work trip on Monday plus (probably) having to do a demo while on the work trip means I spent most of the day getting ready for the demo. In a bit of geography fun, because the participants in the demo will be in six different time zones from UTC-7 (me) to UTC+10 (the client), I got the short straw, and will (probably) attend the demo at 3:30 am PDT.

I say "probably" because the partners on the call may take mercy on me and let me brief them instead of monitoring the technology in the actual meeting. Probably not, though.

So in this afternoon's roundup of news and features, I'll start with:

  • Teresa Carr's report in Undark explaining how people in "eccentric time localities" (i.e., on the western edges of time zones) experience negative effects that people east of them don't.
  • President Biden's budget proposal includes a $350 million grant to extend the CTA Red Line.
  • Senate Majority Leader Chuck Schumer (D-NY), the country's most-senior Jewish official, gave a scathing speech in the Senate this morning calling on Israeli Prime Minister Benjamin Netanyahu (Likud) to resign and hold elections. Josh Marshall puts this in context. (tl;dr: it's a big deal, and Schumer is really the only one in Congress with the heft and history with Israel to make this speech.)
  • US Senator Robert Menendez (D-NJ), who faces 18 felony counts in Federal court, may run for re-election as an independent so that he can use his campaign funds to pay his legal bills. Why anyone would give him money to do this I cannot determine.
  • Chevrolet and other car manufacturers routinely hand over data about how you drive to a company that then hands that data to your auto insurer, because the US does not yet have anything like the GDPR.
  • Julia Ioffe outlines how Ukraine can (sort of) win against Russia if it can hold out until 2025.
  • Hopewell Brewing and other Illinois craft brewers have started selling THC-infused beer, taking advantage of a loophole in both the state's brewing and cannabis laws.

I will now check the weather radar to see how wet I'm going to get on the way home...

Mentally exhausting day, high body battery?

My Garmin watch thinks I've had a relaxing day, with an average stress level of 21 (out of 100). My four-week average is 32, so this counts as a low-stress day in the Garmin universe.

At least, today was nothing like 13 March 2020, when the world ended. Hard to believe that was four years ago. So when I go to the polls on November 5th, and I ask myself, "Am I better off than 4 years ago?", I have a pretty easy answer.

I spent most of today either in meetings or having an interesting (i.e., not boring) production deployment, so I'm going to take the next 45 minutes or so to read everything I haven't had time to read yet:

All righty then. I'll wrap up here in a few minutes and head home, where I plan to pat Cassie a lot and read a book.

Home before sunset!

I do love this aspect of Daylight Saving Time: for the first time since November 2nd—131 days ago—my normal commute and walking Cassie home from day care got me home before sunset.

This happens every March, but it still feels revelatory. Barring a late night at the office I won't walk Cassie home after sunset until around October 21st, 223 days from now.

It's a little thing, but I enjoy it.

My brain is full

Almost always, during the last few days before a performance, a huge chunk of my working memory contains the music I'm about to perform. I have two concerts this weekend, so right now, my brain has a lot of Bruckner in it. I feel completely prepared, in fact.

Unfortunately, I still have a day job, and I need a large chunk of my brain to work on re-architecting a section of our app. Instead of loading data from Microsoft Excel files, which the app needs to read entirely into memory because of the way Excel stores the contents of cells, I need to allow the app to use comma-separated values (CSV) files that it can read and throw away. So instead of reading the entire Excel file into memory and keeping it there while it generates an in-memory model of the file, the app will simply read each row of a CSV file and then throw that row away while building its model. I believe that will allow the app to ingest at least 5x more data for any given memory size.

I'm finding that the "In Te, Domine speravi" fugue from Bruckner's Te Deum keeps getting in the way of thinking about the re-architecture.

And oh, the irony, that I don't have enough working memory to think about how to get more working memory for our app.

Meanwhile...

  • James Fallows shakes his head at a pair of New York Times headlines that tell exactly the opposite stories as the articles under them. Salon's Lucian K Truscott IV elaborates.
  • The Mary Sue does not hold back on dismissing retiring US Senator Kyrsten Sinema (?-AZ), a "useless corporate Senate shill who accomplished nothing." "The only thing Sinema accomplished was outing herself as a toxic narcissist who deceived her supporters to make herself wealthy."
  • Monica Hesse has a similar, but more restrained, take on Sinema: "The interesting thing actually wasn’t her clothes. The interesting thing was that we wanted her clothes to mean something."
  • Nicholas Kristof pounds his desk about how the bullshit anti-Woke school battles coming out of places like Florida distract from the real problem: Johnny can't read.
  • A Santa Fe, N.M., jury convicted Hannah Gutierrez Reed of involuntary manslaughter for putting a live round in a prop firearm on the set of the movie Rust in 2021.
  • Cornell professor Sara Bronin leads the effort to create a National Zoning Atlas, which hopes to show what places in the US have the most onerous housing restrictions.
  • Chicago's Museum of Science and Industry has launched a new exhibit on "the science of James Bond."

Finally, prosecutors agreed to dismiss (without prejudice, I believe, though the Post left out that detail) the criminal case revolving around Don Henley's handwritten notes outlining the Eagles album Hotel California when Henley's lawyers got caught withholding evidence from the defense team. In civil cases, this is bad, but in criminal cases it's much, much worse. Like, reversible error at best and dismissal with prejudice at worst. It appears that Henley himself blew up the case by changing his mind about waiving attorney-client privilege after his attorneys had already testified. Perhaps he thought he could score points against the defense that way, but like most victims of the Dunning-Krueger Effect, he didn't understand that "gotcha" moves are generally not allowed in US courts. We'll see if the prosecutors move for a new trial or just take the loss. (It looks like the latter.)