I'm not an economist but if you listen to Gary Stevenson talk about this very issue he discusses it in depth. But, when it comes down to it if EVERYTHING is getting more expensive that looking at on variable in one market can't be the crux of the issue.
When you have large transfers of wealth and the wealth gap grows significantly the only thing for rich people to do is buy up assets. Assets are fixed, so the share of assets owned by rich people are drastically increasing. This is inline with the # of houses owned by private investors and #'s of assets owned by other investors will reveal the same thing.
> But, when it comes down to it if EVERYTHING is getting more expensive that looking at on variable in one market can't be the crux of the issue.
Everything isn't getting more expensive. For example, housing prices and rents have gone down in areas where restrictions on new residential construction have been reduced.
> When you have large transfers of wealth and the wealth gap grows significantly the only thing for rich people to do is buy up assets.
That's not the only thing for rich people to do, but it is something people who make smart financial decisions do.
> Assets are fixed, so the share of assets owned by rich people are drastically increasing.
They aren't fixed in any asset class, so there's no real reason to explore your point here.
> This is inline with the # of houses owned by private investors and #'s of assets owned by other investors will reveal the same thing.
CA actually has a lower than average percentage of homes owned by investors, and I haven't seen any evidence it's increasing by a meaningful amount.
Remember that "probationary" doesn't mean new. I just learned this, but apparently when getting a promotion it puts you back into the "probationary" period at your new role. So people with 10+ years of service are being let go because they had recently been promoted.
That's what's fascinating. Given the capture of all three branches of government, they could presumably get all their wishes "above the board." Congress would willingly rubber-stamp shrinking the government to three nuclear missiles and the guy who polishes the exhibits at the Smithsonian, but actually enumerating what they want and waiting for it to wend through procedure was too slow.
Part of that might be that they know it's a smash-and-grab operation: the moment they started the cuts, the alarm was already ringing and it's only a matter of time before (Congress | the courts | Luigi Mangione | Several million annoyed pensioners) man up and interrupt the process. (exactly the nature of the interruption is clearly TBD).
When the dust clears, the fascinating thing to study will be the real priorities. I wouldn't be surprised if a lot of the collateral damage is a smoke screen around very specific grudges against specific people and agencies-- the financial equivalent of burning down the entirety of San Diego because your ex-wife lives there. There was the whole USAID/Starlink angle already, but surely other people got theirs.
Yeah, probationary in most civil service systems is attached to a particular class, so if you move up promotionally, or (in many cases) into a new career path, you retain seniority but are in probationary status again for some period of time. Usually, failing probation at the new level without additional problems means that you have reinstatement rights at your last non-probationary class.
Yes, and this example right here tells you how much research DOGE does (with anything they are doing). Highly inept people if measured by what their stated goal is...although we all know what the real goal is.
I joined it back in December, not realizing that it was essentially a platform for right wing extremist. I simply thought it was a less restrictive Twitter, based on the conversation I'd heard. After joining and opening the app, and without following anyone, I was immediately slammed with extremist right wing content and outright lies. I'm not one to defend Twitter/Facebook (both should be broken up into smaller companies), but my god...neither do anything close to what I saw with Parler.
I actually prefer the interior of my Tesla's to any care I've ever owned. Combined with the technology and software, I haven't seen any car that competes. It is still absolutely amazing to me how much code goes into traditional ICE cars and they still can't create a coherent, usable, interface.
I will say that Ford has drastically improved in the last few years (I own a fairly new Explorer ST) but much of what they've done you can clearly see is copying what Tesla has done. Even still it is miles away from what Tesla has done.
Honestly, a lot of Tesla's UI advantage is solved by Carplay. I have a Tesla and a Volvo (with carplay) and I actually prefer the Volvo's interface, because I can get real Google Maps, YouTube Music, Spotify, Podcast app, Audible etc.
The minimal Tesla M3/Y interior is one of the highlights to me. But the only way it works is the integration of software and tech with regular OTA updates.
Other car interiors from Kia or Toyota seem far too busy. I know it is a matter of taste, but the minimalism is appealing. The Ford Mach-E or VW ID take on the EV cockpit is fine too, but feels much less futuristic.
I think the Tesla aesthetic is driving other automakers to improve the in car experience and incorporate more intuitive software and screens.
It's not about the minimalism. It's a design aesthetic and I don't really have any issues with that. But the quality of the materials, the fit and finish, the subtle design touches are all missing. It feels like the interior for an inexpensive car. The model S interior is also not great and very very dated.
The software for Tesla remains a highlight and a big reason why it would be hard to move to say an e-tron. But better competition is coming and I hope it pushes Tesla to do better.
As far as ICE companies competing, most of what we've seen so far is fairly limited and there is good reason for this. Their whole profit model is built on the dealership model and serious investment into electric cars is going to, essentially, nullify that model of doing business. Moving to electric cars is not just an incremental changes for current large automobile companies but an entire paradigm shift in how they do business.
The source is Tesla's balance sheet. If you remove the credits, they're losing money. But of course, they're spending a lot for things like building factories and scaling up.
> they're spending a lot for things like building factories
Building factories is CapEx. CapEx does NOT affect profits, only cash flow.
Factories indirectly hurt profits through depreciation. But its a very round-about way of doing things. The important thing is that profits / loss is a forward looking statement implicitly.
"Savings rate" is defined as monthly disposable income. Your mortgage absolutely lowers your savings rate.
Your mortgage would also affect your cash flow. If we're talking about profit/loss, the interest-portion of your mortgage absolutely affects your profit/loss.
Only the principle portion of your mortgage statement is "free" from a profit/loss perspective. Which it is: you can always leverage the principle into a HELOC or other financial instrument if you need emergency cash.
> Their whole profit model is built on the dealership model
The US is not the only country that makes cars, and auto manufacturers in other countries often have many different models on how to sell cars. The European companies have been producing many compelling EV models, which is why Tesla has been declining in market share in Europe for more than a year.
Electric cars will still need service, and if Tesla is any indication they will need a lot of it. Sure they don't need oil changes, but that's not really a big deal overall. Dealerships still make logistics easier when you pump out cars at the big three level.
Startup time for Clojure itself has become pretty fast. My guess is you were using something like lein or boot which involves more than just starting up Clojure.
Either way, for scripting uses there are tools like babashka or lumo with sub second startup times.
Definitely a market for this. There are so many events that like to use music as background noise but due to licensing restrictions in music you have to be careful what you use.
