nostromo

40 ms·

631.
by nostromo 4y ago
The Times should be deeply embarrassed by that article. SBF is equal parts Bernie Madoff and Elizabeth Holmes but the Times is trying to paint him as an unlucky entrepreneur, down on his luck. The author doesn't even seem to understan
632.
by nostromo 4y ago
Does Sequoia do literally no due diligence on the companies they invest in? This wasn't seed capital, this was $213mm. And it wasn't just a bet that didn't turn out, it was fraudulent at its core.
633.
by nostromo 4y ago
I hope I don’t regret saying this, but so far, this recession / slowdown has been very needed and will help the US economy grow in more sustainable ways going forward. And it’s happened without too much pain in the broader economy. We
634.
by nostromo 4y ago
Aren’t they mostly silicon and recyclable metals? If so, who cares about the waste? It depends on what’s in the waste that matters, not its raw volume. The materials used in solar panels are both highly recyclable and environmentally beni
635.
by nostromo 4y ago
Well, not really. The money is long gone. She's now broke and facing jail time. And the judgement is so large, even after prison she'll never have wealth beyond a middle-class lifestyle. She'll be like Jordan Belfort and d
636.
by nostromo 4y ago
It might just be loading slowly. Mine was black for a bit then loaded here in the US.
637.
by nostromo 4y ago
It's dense, but here's a good paper on it: https://www.nber.org/papers/w25505 And here's a more accessible article about the relationship: https://www.chicagobooth.edu/review/how-low
638.
by nostromo 4y ago
The effect on cheap money on anti-competitive practices is massive and almost nobody knows about it.
639.
by nostromo 4y ago
I think it’s selection bias, because plenty of folks do cash out early. If Zuck had taken Yahoo’s offer to buy Facebook for $1B, neither you nor I would be talking about Facebook or Zuck at all right now. The only people that get to these i
640.
by nostromo 4y ago
Because of insurance, which distorts markets. Lots of people get benefits that pay for their glasses, so they're not incentivized to be economical.
641.
by nostromo 4y ago
Food for thought: It's quite possible you're not understanding the client well, and are indeed wasting their time. I've worked with contractors where you know what you want and why, but the developer insists on throwing up a
642.
by nostromo 4y ago
If you give those employees 60 days of severance, you would not be in violation.
643.
by nostromo 4y ago
> "freedom of speech" (I know that the first amendment only applies to government censorship, but Musk likes to pretend not to) Freedom of speech is not the first amendment and vice versa. Freedom of speech is an ideal that ap
644.
by nostromo 4y ago
The biggest problem wasn’t the interest rate, it was the money printing to gobble up mortgages and bonds. Problem: Covid Solution: $1.5 trillion invested in mortgages! If you don’t own a house and wonder why they’re unaffordable, this is w
645.
by nostromo 4y ago
It's more reasonable to say that determining the value of divorce is beyond the scope of GDP.
646.
by nostromo 4y ago
It's hard to overstate how terrible this idea is. GDP is a concrete measure that is difficult to fake. Once you start arguing about the economic value of volunteering, divorce, income inequality, and crime -- you've opened the do
647.
by nostromo 4y ago
Thanks -- I thought it was Sonora Lithium Mine in Mexico, but it's actually Oyu Tolgoi mine in Mongolia. It primarily mines copper and gold, not lithium (or coal). However, they both look very similar, being open-pit mines.
648.
by nostromo 4y ago
> hydroelectricity is massively damaging to ecosystems Sure, but compare it with the alternatives. Oil and gas are obviously very destructive of ecosystems. But so are lots of renewables. Here's what a silicon mine looks like (use
649.
by nostromo 4y ago
Check out the link posted. It's a pretty clever solution that wouldn't require any more maintenance than a typical drain. It would be not nearly as efficient as a typical heat exchange, but would also be low maintenance. http:&
650.
by nostromo 4y ago
You’re seeing this play out with student loan forgiveness. Most legal scholars don’t believe it’s legal and will be overturned. But everyone also agrees any money given out will not be returned, so they’re rushing to get as much debt forgi
651.
by nostromo 4y ago
It's notable that this is the primary argument for farm subsidies -- often pilloried on HN. When it comes to food, energy, water and critical tech, it makes sense to control your supply, even if it comes at a premium.
652.
by nostromo 4y ago
People like to hate on flippers, but they provide a service that the market chooses to pay for. Buyers are all free to buy fixer-uppers. Most choose not to and instead look for move-in-ready homes. Flippers provide that service for a fee.
653.
by nostromo 4y ago
> not airing a prime time presidential address to the nation because your ratings would go down The networks didn’t air it because it was deemed to be an election year political speech.
654.
by nostromo 4y ago
This only really matters if you live in China or Russia. Everyone else will do just fine or better as manufacturing in China plateaus or declines and Russia’s sphere of influence recedes to its own border. The US will continue to grow mode
655.
by nostromo 4y ago
I’m confused by your comment because these are exactly the type of problems that humans generally really do a poor job classifying.
656.
by nostromo 4y ago
Having a wildly successful city economy and becoming poorly managed is a causal relationship I think. In regular cities you simply can’t afford to be wasteful. But San Francisco and Seattle have endless streams of easy money to burn. It’s
657.
by nostromo 4y ago
The wafers seem so cheap and weird to me… Why don’t they just use bread? Even for large congregations bread would be pretty cheap - and tasty too. They wouldn’t use Grape soda for wine so why do use carb pellets for bread?
658.
by nostromo 4y ago
I’ve met enough rich people to know that certainly is not true.
659.
by nostromo 4y ago
Several US cities are in for a world of hurt now that there are no more trillion dollar COVID stimulus bills on the horizon and the cost of servicing debt has gone up very quickly. And yet they seem blissfully unaware.
660.
by nostromo 4y ago
> This presumes that people are swayed by the content of an argument. Freedom is a good in and of itself. Our rights don't need to serve a larger purpose. Imagine asking for permission to read a book and being asked, "but what

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