Capitalogix

Here Are Some Links For Your Weekly Reading - September 5th, 2021

Here are some of the posts that caught my eye. Hope you find something interesting.

Lighter Links:

• Big Tech Wants You to Live in a Virtual World. Prepare For Real Problems. (Wall Street Journal)
• These 4 Tech Breakthroughs Could Help People Live To 200 Years Old. (FastCompany)
• Texas Republicans Got What They Wanted. They Might Regret It. (The Atlantic)
• 35 Brilliant Albert Einstein Quotes To Inspire You To Greatness. (RD)
• With 1 Sentence, Elon Musk Explained How He's Solving Technology's Hardest Problem and Almost Nobody Noticed. (Inc)

 

Trading Links:

• Bitcoin Uses More Electricity Than Many Countries. How is that Possible? (NYT)
• Welcome to the Age of Wireless Electricity. (Interesting Engineering)
• 4 Reasons Why the 2021 Fintech IPO Market is Only Getting Started.(FinExtra)
• How the ETF Industry is Tackling the Next Area of Opportunity: Derivatives. (CNBC)
• Judge Says an AI Can't Be an Inventor On a Patent Because It's Not a Person. (Gizmodo)

That's B.S. ... I mean Bishop Sycamore

Last week, ESPN televised a blow-out of Ohio's Bishop Sycamore high school football program by Florida's IMG Academy. The score was 58-0.  But that has little to do with this story.

Why do you care, and why am I writing about this? Because the story is crazy – and Bishop Sycamore is now under investigation for fraud.

The supposed school in Colombus, Ohio, is not recognized by the state's athletic association … and the department of education doesn't list a school with that name. Despite that, they somehow scammed ESPN into scheduling the game.  

Here are some of the troubling data-points. 

• The head coach of the team, Roy Johnson, has an active warrant out for his arrest
• They falsely claimed they had multiple Division 1 college prospects
• Several of the players are junior college dropouts in their 20s and 30s
• The school's address is a residence
• ESPN couldn't verify any of the players in their scouting databases. 

The director of Bishop Sycamore claims the school is not a scam, and his son is in the program.  On the other hand, the “school” currently doesn't even have a working website. 

It's impressive that in this era of information access, a school could defraud the nation, not once, but twice. 

I even heard that Cam Newton got picked up by Bishop Sycamore after getting dropped from the Patriots. 

 

 

Not really … but this is an interesting story – and reflects how easy it is for “fake” things and get real coverage.