[–] 5 points 4 months ago (6 children)

They usually have to be 'activated' first, which gives card vendors the opportunity to collect your information before allowing purchases. This isnt common practice yet, but I'd bet that's coming. Even if they don't collect your pre-activation info, the date, time and place of purchase are recorded and attached to the card. It wouldn't be a stretch for law enforcement to request CC/security video from the merchant at the date and time of purchase. So I don't think they offer as much privacy as cash unfortunately.

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  • [–] 7 points 5 months ago

    Yes to all of this, but I think you're giving them too much credit. There's a more compelling reason that is causing this behavior cycle among executives. Like a school of fish, CEOs swim in the direction and speed they see other CEOs swimming without giving a second thought to why they're following along. There's safety staying with the group. They're going in circles because all the other CEOs are doing the same thing and they fear being left behind, regardless of whether it truly makes any business sense. There's no real thought behind it. "Big tech is doing this, and therefore so should we."

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  • [–] 12 points 9 months ago (1 child)

    Not a regular guy by any stretch.

    Jane Lauder, Kevin Warsh’s wife, is the granddaughter of global cosmetics industry legend Estée Lauder. She is the daughter of billionaire Ronald Lauder, who is the sole heir to the The Estée Lauder Companies. According to Forbes, Jane Lauder has a net worth of $2.7 billion, making her among the world’s wealthy individuals.

    Jane Lauder’s father Ronald Lauder is incidentally the same person who has actively been encouraging Donald Trump to acquire Greenland!

    Ronald Lauder, has shared a long personal history with Donald Trump, dating back to their days as students at the University of Pennsylvania’s Wharton School. The relationship forged during their undergraduate years has endured, with Trump and Lauder remaining close associates and trusted advisers over time.

    Ronald Lauder is widely seen as the person who first encouraged Trump to consider the idea of acquiring Greenland in 2020 and has continued to counsel him on the matter since then.

    Earlier this month, The Guardian reported that Lauder has built commercial interests in Greenland. Read more at: http://m.timesofindia.com/articleshow/127806205.cms

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