jlmorton

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61.
by jlmorton 3y ago
An important point to be made here is that Berkshire's cash pile is not reported in real terms. Rates are pretty high, and cash sitting in US Treasuries are earning 5%. When you have $150 billion, that's $7 billion/year growt
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by jlmorton 3y ago
> Direct bus lines don't scale. As the city grows large enough, you have to replace them with trunk lines. If you have a route that has hundreds of thousands of people going in the same direction, true enough. However, America has v
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by jlmorton 3y ago
I agree the assertion with regard to America is incorrect. However, there were several truly inhabitable-yet-uninhabited territories discovered during the Age of Discovery. http://www.radicalcartography.net/discoveries.png
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by jlmorton 3y ago
According to the designer, it was a fan art picture that he re-shared on social media. If true, I don't understand why the article was even written.
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by jlmorton 3y ago
I never understand how people think this works. Do you believe the judicial system in America is a farce and under the control of the executive branch? Or maybe the legislative branch? Do you think a Senator can call up the judge and demand
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by jlmorton 3y ago
> I could tell you as a pretty ironclad matter of fact that they don't advocate for anything like you're claiming. In my state they're advocating for things like incentives and rebates to install heat pumps and solar panel
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by jlmorton 3y ago
The problem with climate change is that no one understands the staggering scale of what has to happen to address it. > Literally nobody is suggesting we do that. Okay, well what are we suggesting? Do we want to stay within the 1.5C warmi
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by jlmorton 3y ago
> “We were actively told if we start to talk about solutions, if we start to talk about the policy implications of our work, we will have abandoned our supposed ‘scientific neutrality,’” Gill said. “And then people will not trust us anym
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by jlmorton 3y ago
That is the issue at hand in this story, but not really the comment I was replying to (at least primarily). Leaded avgas is coming from piston-engine aircraft, and I don't think that was really what OP was talking about when commenting
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by jlmorton 3y ago
No need to ban it, but I'm happy to support a carbon tax on aviation equivalent to the current market cost of CCS, so something like $200/t. So, for instance, Elon Musk's private jet is estimated to have emitted 2,112 tons in
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by jlmorton 3y ago
Yes, it's improved remarkably over the past year. I had the same experience as you, but it's at the point where it's pretty usable. There are still irritations. But I am comfortable using it day-to-day. It's absolutely c
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by jlmorton 3y ago
For Jetbrains users: Step 1. Create an Oracle Cloud account Step 2. Create an Ampere 6 core, 32gb memory instance for like $5/mo Step 3. Use Jetbrains Gateway to run your IDE as a thin client, executing on that host. You get a pretty d
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by jlmorton 3y ago
There are five million Teslas on the road. Here we have a story about a single Tesla with a flooded battery compartment. This sort of issue happens on every type of car. It's not routine that a Ford F150 has a cracked block that leads
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by jlmorton 3y ago
There's no way this was caused merely by excessive rain. Water does not leak into the battery compartment without physical damage. The linked article doesn't mention it, but there must have been some sort of physical damage at som
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by jlmorton 3y ago
This is simply a measure of the yield curve, nothing more.
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by jlmorton 3y ago
I haven't seen any color added to this observation - was she making a joke about SBF's haircut?
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by jlmorton 3y ago
Pretty close! Albertsons owns: Acme Markets, Safeway, Haggen, Jewel-Osco, Kings, Pavilions, Plated, Randalls, Shaw's, Tom Thumb, United Supermarkets, and Vons Kroger owns: Baker's, City Market, Dillons, Food 4 Less, Foods Co., Fre
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by jlmorton 3y ago
Blackrock doesn't care about the ROI of their housing investments, and they expect the financial system to collapse? Damn. Big if true.
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by jlmorton 3y ago
All those folks entering at the US Southern Border are making asylum claims, and asylees are granted work permits, including while their cases are pending, allowing them to work for most any industry (with some restrictions). What you'
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by jlmorton 3y ago
Have you looked at the hospital maternity wards and high schools lately? It seems they just keep pumping out new kids that will compete with workers for a zero sum slice of the economic pie. All these high schools graduates are coming to ta
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by jlmorton 3y ago
> The Texas Commission on Environmental Quality, a state agency that says it aims to protect the state's human and natural resources consistent with sustainable economic development, is reviewing the proposal and seeking public inpu
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by jlmorton 3y ago
> after people cancelled subscriptions during 2022 for living expenses. Not sure where this is coming from. Amazon Prime subscriptions did not decline, they increased slightly over that period [1]: * 2020 142.5 million * 2021 151.9 mil
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by jlmorton 3y ago
OP was probably referring to the American experience, which is correct. AIDS has killed about 700,000 in the USA, vs 1.1 million Covid deaths.
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by jlmorton 3y ago
That's not a very good financial analysis. This investment pays dividends. The original investment has already been paid back in cash, plus $500 million. There is an opportunity cost to money.
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by jlmorton 3y ago
Your original assertion that I took issue with was that "self driving cars are not important other than for a few exec egos." I'll happily admit there are problems with autonomous vehicles today, and that is not what I disput
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by jlmorton 3y ago
You can try to minimize it all you want, but indeed it would be transformative. Somehow, when we build a $2 billion Central Subway in San Francisco, through some of the very densest neighborhoods in all of America, with a realized daily rid
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by jlmorton 3y ago
If you solution begins with "throw away 100 trillion dollars in built-up infrastructure," the idea probably isn't very good.
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by jlmorton 3y ago
No, the main reason is to free up millions of man years of time for other more more desirable activities, and to reduce the tens of thousands of people killed in daily carnage on our roads.
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by jlmorton 3y ago
I always love an Internet take. Currently, Americans spend about 100 billion hours driving every year, which is about 11 million man-years. If you can't see the transformative impacts of freeing up that much time for people to enjoy an
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by jlmorton 3y ago
I don't think X is going to go bankrupt any time soon, as I'm sure Musk can raise a billion dollars, which is what I understand the annual operating loss to be. However, in the event that it did, the US has a waterfall payment str

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