6 years Ubuntu tried to drop support for multilib or the 32 bit libraries in 19.10 and that went badly, now Fedora Linux is trying to do the same as it's gai...YouTube
📲 Linux phone Jolla C2: long-term Sailfish OS updates 100% free for all now ✅
Were You on the edge on freeing Your googleless smartphone reality? Were not a fan of Jolla's initial monthly / yearly (small) payment model? No more excuses!
Reclaim Your phone. Break the shackles of Google - yet with ANDROID app COMPATIBILITY layer ✌️
👉 commerce.jolla.com/products/jo…
👉 forum.sailfishos.org/t/long-te…
#Jolla #SailfishOS #Sailfish #Linux #mobile #smartphone #PrivacyFromFinland @jolla #Suomi #Tampere
Reclaim your smartphone with Jolla C2 The Jolla C2 isn’t for everyone. It’s for those who believe their privacy is their own to control, who value trust over shortcuts, and who have the courage to make their own way.Jolla Shop
One reason I think that complex #AI software projects are never going to happen is that the code it generates has no *intent* behind it.
Senior software devs spend an extraordinarily large amount of time reading existing code and asking not just HOW they work, but WHY they were written that way. Reading long-maintained, complex source code is more than mere reading comprehension; it’s LITERARY CRITIQUE. You’re constantly trying to understand the thought process and motivation of whoever wrote that code, in the hopes of gaining insight into their frame of mind.
Well, AI code has no motivation, thought process, nor frame of mind. While the code it generates MIGHT work correctly (a big assumption) at the point it was extruded, there is no plausible way of maintaining that code, and at some point of complexity (sooner than you think!) maintainability becomes critical.
#softwareEngineering #softwareDevelopment
…
But WHY do we need to understand the motivation behind a pile of code? Because it reduces amount of COMPLEXITY we need to hold in our mind. Understanding an original author’s mindset helps to define a direction of development that will very likely yield successful results that are harmonious with existing code.
And as any senior software dev knows, complexity is the greatest enemy of engineering, and anything that helps constrain the beast increases the likelihood of producing error-free progress.
AI is great at producing code of little consequence, things so basic or throwaway that no deep understanding is needed to maintain it. To me, that constrains its practical use to generating basically SCAFFOLDING and BOILERPLATE upon which your real code is built, essentially making the (fancy and custom) GRID PAPER on which you will actually inscribe your design. Let it write your for-loops, but don’t let it write the functions it calls.
#ai #softwareEngineering #softwareDevelopment
…
#AI coding tools can be time-saving automation at the hands of an already-senior developer, but that’s only because it utterly relies on the motivation and depth of experience already found in the HUMAN that’s using it to shape it into something worthwhile. Like a seasoned musician toying with analog synthesizers and sequencers, finding serendipity in the semi-random stream of patterns that are suitable to be molded into actual works requires a human editor. AI itself cannot offer that wisdom.
AI will never be a replacement for expertise. It does not compensate for a lack of skill. It offers nothing to replace an understanding of the fundamental principles of the craft. It will not turn a junior engineer into a senior one.
And it will not create a complex product, at least not one that won’t crumble the moment you have to maintain it.
Blog post:
#ai #softwareEngineering #softwareDevelopment
humancode.us/2025/06/25/ai-com…
Complex software projects made up of mostly AI-generated code isn’t going to happen. And one reason I say that is because the code AI generates has no *intent* behind it.humancode.us
HOW YOU FIX YOURSELF WITH WAYS OF FIXING YOURSELF...
WHAT MENTAL WARFARE IS !!!
- What schooling public is and what the social control wants you to be and how they trained you from before you could walk...
- The world raises workers only, they decorate prison of reality of the society...
- you were born to invade and demolition...
- it is time to break what they build, bring your fire and your hammer...
- don't go for validation !!!
- how you work in a temporal time...
- how you use time as a weapon ...
- how you learn to bend time !!!
- how you design yourself !!!
- how you re-write the rules of battle in mid battle...
9 Phases of Warrior Level Intelligence: (Mind Hacks to Upgrade Your Life)
www.youtube.com/watch?v=dkRx_V-qK8Y
Γιώργος Γαρμπής (1947-2025)
Έφυγε από τη ζωή ο αναρχικός Γιώργος Γαρμπής, υπεύθυνος των εκδόσεων «Ελεύθερος Τύπος».
Οι εκδόσεις «Ελεύθερος Τύπος» μεγάλωσαν γενιές αναρχικών με βιβλία από διάφορα ρεύματα της επαναστατικής σκέψης όπως είναι ο ελευθεριακός κομμουνισμός, ο συμβουλιακός κομμουνισμός, οι καταστασιακοί, η κοινωνική οικολογία κ.α.
Εμφανίστηκαν μεταπολεμικά (1975) με το βιβλίο του Μιχαήλ Μπακούνιν «Η παρισινή κομμούνα του 1871 και η ιδέα του κράτους».
Έδρευε αρχικά στην οδό Κιάφας 3, κατόπιν στη Ζωοδόχου Πηγής 17, και τέλος στον πεζόδρομο της Βαλτετσίου 53.
In this episode of Centre Stage, our guest is Dr Gabor Mate.Al Jazeera
Israeli fighter jets targeted and killed injured Palestinian #journalist Mahmoud Essa in Gaza. He had survived a previous round of Israeli airstrikes, during which rescue teams pulled him out alive, despite losing an eye and undergoing a leg amputation.
Despite his will to survive, Israel deliberately targeted him as he stood at the doorstep of his home, bringing a final end to his life.
#IsraelTerroristState #gazagenocide #media #journalism #genocide #warcrimes
reshared this
whuffo likes this.
At ESA’s Living Planet Symposium, scientist have unveiled how the combination of different long-term, high-resolution satellite datasets from ESA’s Climate Change Initiative is shedding new light on the South American Gran Chaco – one of the world’s most endangered dry forest ecosystems. These data reveal, in remarkable clarity, that fire is the primary driver of widespread, accelerating deforestation across the region.
#news #space #science #esa #europeanspaceagency
posted by pod_feeder_v2
BRICS is an informal group of states comprising the Federative Republic of Brazil, the Russian Federation, the Republic of India, the People's Republic of China and the Republic of South Africa.BRICS
TEHRAN (Tasnim) – Israeli occupation forces have killed at least 36 Palestinians in the besieged Gaza Strip, targeting civilians, including those desperately seeking humanitarian aid, in a new wave of indiscriminate assaults backed by the United Stat…Tasnim News Agency
dinheiro público código público – Software Livre
Contact the White House: https://whitehouse.gov/contact/Support the show: Antiwar.com/donatePhone bank for Defend the Guard: https://defendtheguard.us/phoneb...YouTube
les canicules marines “ressemblent à des incendies sous-marins, avec une faune et flore qui meurent comme si elles étaient brûlées”.Raphael Seguin (bonpote)
whuffo likes this.
Originally published at TomDispatch. At a time when many may feel that good news has gone the way of the dodo, look no further than the homeland of that long-extinct bird – Mauritius – for a dose of encouragement.Antiwar.com
Les moderadores en Barcelona de #Meta han interpuesto una querella criminal contra la corporación por el daño psicológico derivado de su trabajo:
elpais.com/tecnologia/2025-06-…
La denuncia reclama 150.000 euros de indemnización por los efectos de visualizar imágenes de asesinatos o violacionesDani Cordero (Ediciones EL PAÍS S.L.)
On today’s Ron Paul Liberty Report: According to press reports, President Trump's special envoy Steve Witkoff is back in touch with Iran after the ceasefire with Israel.Antiwar.com Blog
Governo chegou a propor consulta popular para destravar texto que modifica regras laborais, o que foi barrado pelo LegislativoFolha de S.Paulo
και μετά τους χαλάει ο θείος που στο οικογενειακό τραπέζι λέει
"Εγώ θα κάτσω εδώ με την νεολαία"
Κατάλαβες υποκρισία?
😜
In an X post, HHS Secretary Robert F. Kennedy Jr. cited peer-reviewed studies and the actual labels on vaccines to counter The Guardian’s “pharma-financed” claims that thimerosal is safe.The Defender
Hi!
I have a subsonic instance running but I rarely listen to Albums. Stuff I really like are DJ performances like by the channel The Moment.
So I thought: why not download and self-host them before Google makes Youtube sign-in only, (like Elon and Facebook did).
That stuff is probably quite hard to organize. But the type of music simply breaks the common services, like Jellyfin, or Subsonic.
I know of funkwhale. But I'd like to keep the contents private. I just wanna listen to music at work (so being open to the web is a plus). I thought funkwhale is a bit too... "social" for me. I'm a (re)uploader, not creator.
You got any ideas? Maybe a youtube-cloner with audio-only support? (I know how to download videos already)
Edit: Of course, I'd download the sets legally, e.g. from their patreon discord, or whatever. ;)
Also: I know that restricting it to my VPN would be ideal for security and legality reasons. But that's a bit inconvenient. And I want to check my options.
film creator | sound engineer | curator | dj Business inquires | the.moment.cap@gmail.comYouTube
Doesn’t get any more secure than a battle-tested web server hosting simple MP3 files and a text file.
Convenience might be a thing, though. I’m in the Apple ecosystem so their Podcasts app shows that feed on all devices and tracks listening progress, etc.
If I didn’t have that, I’m still a lifetime customer with PocketCasts and PocketCasts Web. So, that’s that. But if you don’t have anything similar in place, a self-hosted streaming server might be the best way to go, yes.
Our socials: fediverse.blog/~/ActaPopuli/fo…
Follow us on social
(main) @actapopuli@friendica.vrije-mens.org
(backup) @actapopuli@valkyriecoms.com
Free Speech Travesty: German Pensioner Who Called Green Economic Minister Habeck an ‘Idiot’ Has Been Convicted
modernity.news/2025/06/24/free…
The left routinely uses Nazi symbols to attack the right, but as soon as the right uses these symbols to attack the left, they end up in court.Remix News (Site Title)
A socialist has been nominated for NYC mayorRob Henderson (Rob Henderson's Newsletter)
170 people arrested for Internet posts in Germany
bluewin.ch/en/news/internation…
The German police just conducted 6am raids on 170 people accused of Internet "hate speech".
Many were arrested for "insulting politicians", such as calling Merz a "moron". I kid you not ... that shows that he is indeed a monumental moron and a pathetic loser! He has already shown that he is a hypocrite and an abysmal liar.
The ones only justifiable arrests would be those who directly call for violence. In Germany, praising the gay Marxist Adolf is still illegal. I have no idea why anyone would do that. He destroyed the country and mass-murdered 8 to 12 million people, including hundreds of thousands for expressing their opinions. Praising a fascist as opposition to a - for now - much milder form of fascism is retarded.
Since this morning, the German police have been carrying out a nationwide operation against suspected authors of hate speech and incitement to hatred on the Internet. According to the German Press Agency, more than 170 operations are planned.blue News
@eee@poa.st The mass migration is driven by CHINA, which is controlled by CHINA and the OIC (Muslim countries) and their allies (WEF, Open Society, Rockefeller, CFR etc)
Jews have NO POWER at the UN.
Soros is a MARXIST who is openly antisemitic and anti-Israel.
The Rockefellers are EVANGELICALS who were always antisemitic!
They used to help Hitler, today they help Hamas.
Idiots who think that the Rockefellers are Jewish never even bothered to look into their history.
WHY would Jews undermine western countries and Judeo-Christian culture?
They already suffer the most from the mass immigration!
@eee@poa.st
aren't we getting a few too many of these exposes, in which the grand conspiracies of the puppet masters are revealed?
what if these were concocted by the puppet masters themselves
whuffo likes this.
Congress escalates its ActBlue foreign donations investigation with subpoenas for witnesses amid concerns over weakened fraud protections.Sean Probber (DailyClout)
@pvonhellermannn @PippiPunkstrumpf
"If they die and others take over" seems like a strange assumption - the number of closed-up businesses I'm seeing suggest that nobody is taking over, because it's simply no longer possible to run a business in that niche any more.
I was struck by inspiration and wrote a little something about JavaScript. Enjoy!
JavaScript Chose Violence: martinrue.com/javascript-chose…
Global Surge in Aggressive Cancers Tied to COVID mRNA Vaccines, Say Researchers Behind 100+ Alarming StudiesLioness of Judah Ministry (Exposing The Darkness)
True story. The owner used to take pizzas to my great-grandparents because my great-grandmother was bed ridden. The spic-italian relationship goes deep here.eveningzoo.club
A new analysis of rent prices and homelessness in American cities demonstrates the strong connection between the two: homelessness is high in urban areas where rents are high, and homelessness rises when rents rise.Alex Horowitz (The Pew Charitable Trusts)
Mass-scale housebuilding isn’t necessary – there is already enough housing stock. But we need to learn the wisdom of the last century when it comes to landlordismGuardian staff reporter (The Guardian)
BREAKING: RFK Jr. reveals that missing migrant children were being dropped off at lots filled with shipping containers before vanishing. @GeneralMCNewsTelegram
#transportation #environment #energy
transportenvironment.org/artic…
Over half of new vehicles are too wide for many on-street parking spaces. Paris will vote on tripling parking fees for SUVs on 4 February.Transport & Environment
like this
Israel’s Hidden Front: How Israel's Military Embeds Itself Among 'Civilians'
qudsnen.co/israels-hidden-fron…
As Iran responds to Israeli attacks, Israel has begun publishing photos and videos showing what it claims are civilian casualties. However, many of Israel’s key military command centers and bases areEditing Team (Quds News Network)
#Budget #UKPolitics This article by Gary Stevenson is so good, please read every word of it.
“Whatever Jeremy Hunt says, traders know the rich will get richer and the poor will get poorer. And they’re paid millions to bet on it.”
This is what the world is - it is run by a minute elite for a minute elite and the rest of us, the masses, the natural world, we just don’t count. It is a #TragedyOftheNonCommons (will reshare my own piece on this below 1/n)
theguardian.com/commentisfree/…
Whatever Jeremy Hunt says, traders know the rich will get richer and the poor will get poorer. And they’re paid millions to bet on it, says the author Gary StevensonGary Stevenson (The Guardian)
ACIP should not play along with a crooked CDC, and only approve the rollout of products when ACIP has been provided with comprehensive and satisfactory data.Meryl Nass (Meryl’s CHAOS Newsletter)
They execute. You can argue over the wisdom of the policy choices, but the administration is defined by the discipline of its staff work, its task focus, and its drive to produce measurable outcomes. When they set out to do something, they do it.Chris Bray (Tell Me How This Ends)
Love to see 🔥 research like this:
"Our findings do not comment on the intentions of computer-vision researchers. Rather, they bring into focus the systematic pattern of extracting human data and enabling surveillance."
nature.com/articles/s41586-025…
An analysis of research papers and citing patents indicates the extensive ties between computer-vision research and surveillance.Nature
@WastelandWandrr Alt text: screenshot; detail of article:
“Additionally, our findings challenge the notion that only a few rogue entities enable surveillance. Rather, we found that the normalization of targeting humans permeates the field. This normalization is especially striking given patterns of obfuscation. We reveal obfuscating language that allows documents to avoid direct mention of targeting humans, for example, by normalizing the referring to of humans as 'objects' to be studied without special consideration. Our results indicate the extensive ties between computer-vision research and surveillance.”
Ein neuer Bericht macht dem Staat schwere Vorwürfe: Geflüchtete erhalten so gut wie nie psychosoziale Betreuung. Den zivilgesellschaftlichen Initiativen, die Hilfe bringen, kürzen Union und SPD nun das GeldFrederik Eikmanns (taz)
#israel #palestine : #war / #gaza / #blockade / #genocide / #uno / #energy / #fuel
„The rapid depletion of the remaining fuel stocks in the Gaza Strip is threatening efforts to keep critical lifelines up and running, the UN reported on Wednesday.“
news.un.org/en/story/2025/06/1…
The rapid depletion of the remaining fuel stocks in the Gaza Strip is threatening efforts to keep critical lifelines up and running, the UN reported on Wednesday.UN News
reshared this
Brace for impact. The #ECMWF #weather #model promises scorching temperatures over #Europe the coming week. Anomalies of up to 15-20 C higher than normal are expected.
This weather is brought to you by climate change (for those who claim it's been hot before: weather is what happens, climate is the probability it happens. And this has become significantly more probable because greenhouse gases and physics.)
reshared this
#German
#Israel
#Gaza
#Genocide
#Racism
Das Problem ist nicht allein nur die Instrumentalisierung des Holocaust um Völkermord zu unterstützen und es zu rechtfertigen. Es ist nicht ein rein deutsches Problem,es ist ein globales Problem von Mensch und Entmenschlichung, die Kategorisierung was als Zivilisation anerkannt wird und was nicht von der weißen, privilegierten Welt und deren globaler Rassismus.
Durch die Entmenschlichung anderer Kulturen und Zivilisationen gelingt jene Kluft, welche Gräueltaten und Menschheitsverbrechen als legitim erscheinen lassen.
The problem isn't just the instrumentalization of the Holocaust to support and justify genocide. It's not just a German problem; it's a global problem of humanity and dehumanization, the categorization of what is recognized as civilization and what isn't by the white, privileged world, and its global racism.
The dehumanization of other cultures and civilizations creates the gap that makes atrocities and crimes against humanity appear legitimate.
How can anyone see this as anything else than pure colonialism:
- restrict people's movement without any explanation or accountability
- write in Hebrew without even bothering with the local language
- don't even bother providing clear guidance (6am or 6pm?) because... who cares about Palestinians?
reshared this
Sensitive content
#musique #piano #Anne QueffélecAnne Queffélec plays Bach & Händel during a memorial concert for Youri Egorov by five international master pianists (registered on November 2013
Johann Sebastian Bach/Ferrucio Busoni Nun komm der Heiden Heiland BWV659a
Alessandro Marcello/Johann Sebastian Bach Adagio, uit Hoboconcert in d BWV974
Antonio Vivaldi/Johann Sebastian Bach Largo, uit Orgelconcert in d BWV596
Georg Friedrich Händel/Wilhelm Kempff Menuet uit Suite in Bes HWV434Recorded on November 16th 2013 in the Muziekgebouw aan 't IJ in Amsterdam during the Young Pianists Festival.
youtu.be/ZTRdbqxTa6MAnne Queffélec - Bach & Händel - Live Concert - HD
Anne Queffélec speelt Bach & Händel tijdens een herdenkingsconcert door vijf internationale meesterpianisten voor de Russische pianist Youri Egorov.- Johann ...YouTube
In the final declaration of the NATO summit in The Hague, the allies adopted a new goal of investing 5% of their GDP annually in defense and security by no later than 2035. In response, the alliance members expect Trump to no longer question the U.S.newsmaker newsmaker (English News front)
A recent report1 by the Stockholm International Peace Research Institute reveals Israel’s dual role as both a major arms exporter and importer. Between 2020 and 2024, Israel accounted for 3.1% of…Dalia Mohisen (Medium)
@aral @Heidentweet I’m in urgent need of work — life has come to a halt, but we have to keep going. We can’t give up. I need to support my family. I write articles, most of which are published on Medium, about Palestine, Gaza, and the harsh reality we live in.
If you know anyone looking for a writer to cover these topics, I’m here — ready and willing.
Aral Balkan reshared this.
Sensitive content
Court of Justice of the European UnionCURIA
whuffo likes this.
whuffo likes this.
Car ownership and transit ridership serve as a shorthand for someone's entire living situation — and, apparently, their politics.Amber DaSilva (Jalopnik)
Die Freiheitsbewegung hoffte vergeblich, dass das Mullah-Regime infolge der Luftangriffe stürzen würde. Nun ist mit neuen Repressionen zu rechnenDER STANDARD
whuffo likes this.
nowisthetime reshared this.
whuffo likes this.
Providing an alternative to establishment politics and an increasingly right-leaning party made all the difference for Mamdani, argues politics editor Lex McMenamin.Lex McMenamin (Teen Vogue)
like this
whuffo likes this.
whuffo likes this.
Sensitive content
An American perspective on Trump and Israel's war on Iran and the need for a new American aristocracySammy Roosevelt (DD Geopolitics)
whuffo likes this.
Carter Braxton likes this.
like this
International Statement: War Between States Means Death for the People
blackrosefed.org/international…
International anarchist statement against the war on Iran.Admin101 (Black Rose/Rosa Negra Anarchist Federation)
#politique #démocrature #OTAN #lacorde #guillotine2025
Macron décide seul du budget. Nous vivons sous le règne d'un seul, sans aucune légitimité.
like this
Mouarf, en fonction de mon message que tu as repartagé on se doute qu'en fait ça n'engage pas à grand chose : 2035 c'est loin et Trump ne sera plus là, mais empêtré dans ses procès, s'il vit toujours. Lui-même ne respecte pas les accords, pourquoi les Européens le feraient ? Fuck Trump.
Ce qui m'inquiète plus, c'est qu'il s'agit du PIB où se retrouvent des « produits » comme la santé, l'enseignement, etc. Pour payer moins en valeur absolue, il suffirait que ces éléments du PIB soient diminués. Et là, il me semble que les gouvernements néo-libéraux s'y attellent. Le néo-libéralisme, c'est faire baisser le PIB. C'est ça qu'il faut changer, le PIB, il faut cesser de se référer à ce truc qui diminue la civilisation. Seulement, ceux qui détiennent la (les) dette(s) ont instauré ce truc pour se faire des thunes. Plutôt que la guillotine, il faudrait se contenter de dire massivement qu'on ne paye plus la dette, qu'il n'y a plus de dette. Ça, ça les ferait vachement chier.
One analysis suggests that 90% of studies in the field involve data relating to humans.Gibney, Elizabeth
Summer sale! From this day, 17 June 2025, my Libreboot-preinstalled computers (Libreboot T480 and Libreboot 3050 Micro) are £40 cheaper than usual (£298 base price, instead of £338):
minifree.org/product/libreboot…
minifree.org/product/libreboot…
Libreboot is my open source project, replacing proprietary BIOS/UEFI. Debian Linux preinstalled, or your choice of other distro / BSD.
Libreboot is for free software enthusiasts who want something secure out-of-the-box.
I sell Libreboot, and Libreboot accessories.
Sensitive content
Book sale!
thebookshop.ie/big-50c-childre…
Cheap children's books! Until Monday. Free shipping in Ireland if you manage to spend 20€ (might as well pick up something for yourself now eh?)
If Trump green lights this insanity – we enter a new stage in what will eventually be a global war. The use of tactical nukes to destroy an alleged nuclear facility could release deadly conta…The Wall Will Fall
It's been about five decades since I've seen a GE type 50 flashbulb, and even though they did make a lot of light, I suspect 5 mega-lumens is about a 50x exaggeration.
Ohhhh Kay!...
For non New York followers, this was our celebrity dynasty mayoral candidate in New York, our former governor, savior and educator during COVID / #TrumpVirus and down in flames during the #MeToo height after many accusations. He came ba-ack. Maybe now gone.
New York has finally gotten ranked-preference voting, where anyone (like Cuomo) needs 51% to win instantly, and choice 2, 3, etc. may go to a runoff. Cuomo conceded - something.
Meanwhile, the two most popular candidates among the people - the NYC comptroller who fought for immigrants, and an American Muslim - teamed up to send a message: "I hope you'll vote for me #1, but if you really like him, vote me for #2." Seems there was a large contingent of "anyone but Cuomo" voters. I could be wrong now... (Monk: "But I don't think so")
And on to round 2. (The #context - This is the first ranked election for mayor in NYC - It is the primary, to choose the democratic candidate, who almost always will be the next mayor of New York. Both the two allied front-runners ("not Cuomo") have many fans.
Russian anarchists sabotaging Putin’s war machine are so fucking brave.
freedomnews.org.uk/2025/06/09/…
The trial and sentencing of Ruslan Sidiki has exposed both the terror of an authoritarian state and the power of clandestine direct action ~ Josie Ó Súileabháin ~ At the Ryazan garrison military court, Judge Oleg Shishov on 23 May sentenced Ruslan Si…anarchy (Freedom Press)
![In 1956, Ray Kroc met Harry J. Sonneborn, a
former vice president of finance for Tastee-
Freez, who offered an idea to accelerate the
growth and investment grade of Kroc's
planned McDonald's operation: to own the
real estate upon which future franchises
would be built. Kroc hired Sonneborn and his
plan was executed by forming a separate
company, Franchise Realty Corp, to hold
McDonald's real estate. The new company
signed leases and procured mortgages for
both land and buildings, passing these costs
on to the franchisee with a 20-40% markup
and a reduced initial deposit of $950. [12][131
The "Sonneborn model" of real-estate
ownership within the franchise persists to
this day, and may be the most important
financial decision in the company's history.
McDonald's present-day real-estate
holdings represent $37.7 billion on its
balance sheet, about 99% of the company's
assets and 35% of its annual gross revenue.](https://friendica.eskimo.com/photo/preview/640/7797536 "In 1956, Ray Kroc met Harry J. Sonneborn, a
former vice president of finance for Tastee-
Freez, who offered an idea to accelerate the
growth and investment grade of Kroc's
planned McDonald's operation: to own the
real estate upon which future franchises
would be built. Kroc hired Sonneborn and his
plan was executed by forming a separate
company, Franchise Realty Corp, to hold
McDonald's real estate. The new company
signed leases and procured mortgages for
both land and buildings, passing these costs
on to the franchisee with a 20-40% markup
and a reduced initial deposit of $950. [12][131
The \"Sonneborn model\" of real-estate
ownership within the franchise persists to
this day, and may be the most important
financial decision in the company's history.
McDonald's present-day real-estate
holdings represent $37.7 billion on its
balance sheet, about 99% of the company's
assets and 35% of its annual gross revenue.")
Boiling Steam
in reply to Brodie Robertson • • •Nanook
in reply to Brodie Robertson • •