Last week, Kristy Fercho, head of Wells Fargo’s Home Lending organization, openly admitted in a Bloomberg TV interview that her team practiced gender and racial discrimination in their hiring, at her guidance.

What Fercho considered a great example of the virtues of diverse hiring, actually came across as a candidate being denied a job only because he was a white and male.

Here are Fercho’s comments during the Bloomberg TV interview:

One of my direct reports had a job opening, and the job had been open for three weeks.

And he comes and he shares with me that lead candidate…


I agree with the author. Especially on his optimistic valuation of TSLA at about $150, rather than $800 or $600.

To see why the $800 absurd, consider this - suppose all wanted out of your Tesla investment was a measly 5% annual return on your investment, which you made on January 1, 2021. Now, that's nothing to write home about - the S&P and NASDAQ have returned 10% and 15% annually for the past decade.

At a valuation of $800B, Tesla would need to generate a Net Income of 5% on that price, or $40B (yes, fourty billion dollars) at…


Say what you will about the newly passed California legislation AB-979 requiring board of directors to have three or more “diverse” members — members who self-identify as Black, African American, Hispanic, Latino, Asian, Pacific Islander, Native American, Native Hawaiian or Alaska Native, or who self-identifies as female, gay, lesbian, bisexual or transgender.

Love or hate it, one thing is undeniable — the law does away for good with the timid and uninspiring job interviews, in which politics, religion, or sexuality — that is, anything worth talking about — were taboo. …


As someone who follows regularly COVID-19 developments in Massachusetts State, the URL to the daily Massachusetts report was a regular suspect to my Chrome browser.

So when I decided to check on the daily numbers last night, I didn’t have to search for the report online. I just clicked in the address bar of my browser where the April 19th report was already loaded, changed the number 19 to 20, and hit ENTER expecting to see the latest one.

And, oh, horror. The report wasn’t there.

Instead, I got the dreaded 404 page-not-found response:

What happened?

It was already 8pm…


The April 4 article Social distancing works — the case for hope from Italy demonstrated the positive impact of the lockdown in Italy and the partial lockdowns across most US states. For the past weak, the rate of of new daily confirmed cases has fallen to 5% and 15% in the two countries, respectively.

For those who are interested in the impact of the Massachusetts State lockdown, here is the quick update — the numbers show a similarly decreasing rate of new confirmed cases. From around 35% for the period March 22 to March 28, down to 15.6% for the…


[Update April 8, 2020] Social distancing continues to work — Italy’s daily rate of increase has fallen below 3%, and the US daily rate is under 10%, down from 5% and 16%, respectively, compared to April 4 when this article was published. [End of update]

This may be one of the main news and developments we’ve been waiting for — coming to us from Italy…

The news has been terrible lately — COVID-19 cases crossing 1 million worldwide, death numbers going up, cities being decimated. And we aren’t even at the peak — the worst is ahead of us.

And…


Most of my blogs so far have been focusing on warning of the dire consequences we could suffer if the spread of Coronavirus COVID-19 spreads above the capacity of US hospitals and health care network.

Now that the seriousness is well understood, and most states are in lockdown and businesses working from home, it’s time to turn to more practical but equally important aspects — what can we do to protect ourselves from COVID-19.

Here are some of the basics we all can start doing immediately that will reduce your risk of contracting COVID-19, and by extension, those around you…


For the past few weeks, an increasing number of experts, professionals, and observers have been worried about the exponential growth of Coronavirus COVID-19 cases in the US.

As one of them, after tracking the worldwide and US case growth for weeks, I published this article on March 10, illustrating how the US could reach the then-unbelievable number of 200,000 cases by July 2020, and as many as 1,000,000 cases by the end of 2020.

The actual infection rate, unfortunately, turned out a lot faster. The US reached 100,000 cases on March 29 (SR69), and is currently on track to reach…


Since publishing this story — projecting US would reach 100,000 COVID-19 cases by March 29 and 1,000,000 cases by April 5 — the number of cases surpassed 60,000 at end of day 3/26 (SR66), and is about to exceed both projections above.

If the rate thereafter continues or exceeds, as is likely to happen, we will reach levels of tens of millions of cases in April, 2020. Here is the projection from that article, for which the current numbers are tracking to or exceeding the worst projections:

We really, really need to support the social distancing, stay home, and go…


[Update, 3/25/2020, 12:30pm EST]

Since publishing this story, the US confirmed cases surpassed 15,000 on Saturday, 3/21 (SR62), and are at more than 40,000 at end of day 3/24 (SR64), clearly happening faster than the worst case below, about to exceed the projected 100,000 cases by 3/29 and 1 million by 4/5.

We really, really need to support the social distancing, stay home, and go out and be in physical proximity with others only if critically necessary.

Please forward this message to anyone you know and care about. …

Peter Lakov

Software engineer, investor, opinion(ated) writer.

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