kesselvon

6 ms·

1.
by kesselvon 5y ago
The US had a whole host of laws that made pulling out cash from businesses very expensive, but investing in them very easy. So you had a strong incentive to increase salaries, hire more workers, invest in more machinery, diversify, etc. sim
2.
by kesselvon 5y ago
This isn't really true, because up until relatively recently most university funding came from the state and not tuition. The decline in state support led to higher tuition costs; federal student loans turned it into a bonanza, but the
3.
by kesselvon 5y ago
Vibe of the story is middle class retirees moving to Vietnam to have an upper middle class retirement; nobody on the median income line in the US can afford to have in-home staff to help them, or afford care outside of what Medicare offers.
4.
by kesselvon 5y ago
Titles are important for pay reasons, as they correspond to pay bands. People that say titles don't matter are probably already making outsized compensation and don't find it important because their resume speaks for itself. A man
5.
by kesselvon 5y ago
The point made is that boards bend to founders, and many founders control the boards anyways, so the board is a big rubber stamp rather than any kind of control mechanism.
6.
by kesselvon 5y ago
I feel it has to be. Who is tipping their movers only $5?
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by kesselvon 5y ago
Poor people don't buy lotteries because they're a good investment, they buy them because its fleeting hope that they'll escape their circumstances. Probability is like...a Grade 5-6 concept.
8.
by kesselvon 5y ago
This is pretty historically documented, and kind of something that still exists as a holdover in ex-Soviet countries. The lying became so pervasive that it was impossible to tell what the actual output of industry was
9.
by kesselvon 5y ago
The idea that the Great Lakes are going to be tapped to solve water problems outside the watershed is fall flat when they realize those Great Lakes states aren't going to sell off access like that. I remember some moonshot proposal to
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by kesselvon 5y ago
Consolidation is not a function of technology, but a function of unregulated capitalist economics.
11.
by kesselvon 5y ago
There's way too many competitors, and it probably pushed margins way down. B2B competitors like Drift charged insane amounts for their chatbot.
12.
by kesselvon 5y ago
Yeah, thats exactly what net income means. Its an accounting of the actual profits your company generates after all expenses. Its a standardized measure, which means you are able to compare apples to apples. Both are oligopolistic market pl
13.
by kesselvon 5y ago
Base inflation is never zero. In the article he mentions the 1.8% average inflation rate, plus 2% attributed to gov't stimulus, and 3% towards corporate profits. That adds up to a 6.8% inflation rate. It's hard to blame this purel
14.
by kesselvon 5y ago
Visa has a net income of 50% its revenues. There's a loot of margin for the taking.
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by kesselvon 5y ago
Best time to plant a tree was 20 years ago, second best time is now. Summers is not the best guy for policy advice, as he's been very lax on the wall street crowd for a long time. This goes back to his time in the Clinton admin where t
16.
by kesselvon 5y ago
I think what they're saying is fraud isn't murder. The median murder sentence in the US is like 15 years.
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by kesselvon 5y ago
You don't even have to influence. DoJ is naturally going to take interest when a huge startup that has the Secretary of Defense on the board goes belly up.
18.
by kesselvon 5y ago
a P/E ratio of 4.4 is nuts. The fact that we normalized that is wild. Same for committing 30% of net income to housing.
19.
by kesselvon 5y ago
Enterprise businesses are a majority of the workforce and drive trends that are followed by small businesses.
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by kesselvon 5y ago
Employer underhanded tactics are so common it's an SOP.
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by kesselvon 5y ago
It's not a lot of money in San Francisco , where you're fighting with every tech company employee for housing
22.
by kesselvon 5y ago
Flooding your public website form isn't a crime in the same way prank calling a customer service line isn't a crime.
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by kesselvon 5y ago
Land isn't scarce, but economically viable and productive land is scarce. Economic viability is a moving target, but for the most part pretty steady.
24.
by kesselvon 5y ago
There are a lot of places that offer an education budget of a few hundred dollars. This kind of thing would fit perfectly into that.
25.
by kesselvon 5y ago
Yes. The vast majority of the population has no idea how excel works, or have ever had any kind of training in it. I've personally worked with people that would do the formulas by a hand calculator and type the results into the cell. S
26.
by kesselvon 5y ago
It's not? Influenza is a virus, not a detox. Which is why it can kill you if you're not careful.
27.
by kesselvon 5y ago
We're not even talking about semiconductors. All of the basic goods you'd need to supply an army, or the industrial capacity for consumer goods that could be shifted to wartime production no longer exists. It's a problem the
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by kesselvon 5y ago
Hollowing out the industrial base leaves us even worse off.
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by kesselvon 5y ago
The U.S. supply chains would be completely wrecked. We're probably close to a point where in the event of a global war with China, we wouldn't be able to mobilize industry in the same way we did during WW2 simply because the indus
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by kesselvon 5y ago
It's realistic. Russia needs to sell natural gas to finance state activities, Europe needs natural gas to not freeze in the winter. Russia can only play with natural gas diplomacy to Europe to a limited extent, because Europe is their

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