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They are going to eat her up. She might as well have said “yeah, they are ugly, but they deserve respect.” Even if she’s right, she’s wrong.
The WNBA is a disgrace. Born on third base and think they hit a triple.
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Sic transit gloria mundi (so shut up and get back to work)Imagine a world where a local community elects a prosecutor that won’t prosecute certain crimes due to politics. You know, crimes like, say, lynching.
You might want the governor to have some power to stand on the side of justice in such a case.
I’m betting that this “fascism” is a vestige of reconstruction. And it isn’t necessarily a bad thing. Why is it that our population has become so ignorant of the downsides of direct democracy?
Democracy is three wolves and a sheep deciding what’s for dinner.
There has to be mechanisms for protection of minority rights, whether the minority is a disenfranchised but newly freed slave or a white kid who deserves not to be assaulted at the local convenience store.
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Sic transit gloria mundi (so shut up and get back to work)Trump is out in front of everyone all the time with no prompter. He’s bound to meander. But at least we know.
Did anybody see the vids of Biden at G7?
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Sic transit gloria mundi (so shut up and get back to work)All this because some meddlesome judge read his sweetheart plea deal.
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Sic transit gloria mundi (so shut up and get back to work)Ridiculousness on a global scale.
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Sic transit gloria mundi (so shut up and get back to work)These things always turn on the democrats.
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Sic transit gloria mundi (so shut up and get back to work)Sorry. I got zero notifications that it was down.
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Sic transit gloria mundi (so shut up and get back to work)I think my first paid job requiring me to show up to a job site was pulling sweet corn in a field. I was 13. I think I got paid something like 25 bucks a day.
Same summer I worked on a potato grading machine on a potato farm. Did that for several years from 13-16. I think I got paid $8 a truckload that we loaded. Some summers it was good money. We could probably load 7-8 trucks in a day. One year potatoes were rotten from too much rain, and it took forever to grade in enough potatoes to load a truck. We might load 3 trucks a day. Not so good.
I was fortunate to do a lot of physical jobs for pay back in my teen years. I was a hard worker so never lacked for a job.
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Sic transit gloria mundi (so shut up and get back to work)This only hurts low skill workers further. Look for service levels to continue to deteriorate because of all the people lucky enough to get a $30/ hr job having to do the work of 3 people previously.
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Sic transit gloria mundi (so shut up and get back to work)I like zeihan.
He doesn’t go off on one of the more salient topics: fiscal policy. We are financing bigger deficits than ever right now, and not really batting an eye at them.
The treasury had been funding the government with a bias for shorter term instruments in an apparent bet that interest rates will go down at some point, kinda like a person who buys a new house on a 5 year ARM thinking they will refinance in the next couple of years. At some point they will have to shift to the long bond.
When the treasury moves long I think we will finally see what a mess this is. My par number for long bond interest is about 7 percent. This is based on nothing more than basic math of 3 percent “new normal inflation” plus 2 percent “risk free return” plus 2 percent long bond term premium. Thats 7 percent.
In other words, I agree with zeihan that now’s the time to borrow because rates are likely to go up, not down. He just takes a more tortured way of getting there by explaining it via demographics and capital flows. If rates do go down it will be political and not mathematical reasoning that wins the day.
And, no, I’m not massively shorting long bonds on my hypothesis of 7 percent par. I’m a big believer that markets can stay irrational far longer than I can stay solvent. It would not shock me if interest rates are lowered as a sop to Wall Street yet again, of course leading to continuation of the massive asset bubble we are in.
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Sic transit gloria mundi (so shut up and get back to work)The numbers issues are a big one. Fewer and fewer people trust the reported inflation numbers, and jobs numbers include part time jobs where people hold 2 or 3 of them.
GDP reports are supposedly “real” and so inflation adjusted, but with what inflation index? That’s the rub.
I think our economy is doing just ok, and is way too dependent on government and healthcare jobs, which aren’t always value creating.
I think our fiscal policy is a true train wreck.
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Sic transit gloria mundi (so shut up and get back to work)End of the article says they already moved HQ to Austin in 2020. Of course I have no idea what that means. A corporate HQ for a massive company can be 10 people.
I wonder how many employees this pulls out of California?
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Sic transit gloria mundi (so shut up and get back to work)It’s easier to do politics if you are really bad at math. The grid issue is math.
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Sic transit gloria mundi (so shut up and get back to work)Hawaii seems like frying pan to fire. It’s possibly the only state more wacko than California.
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Sic transit gloria mundi (so shut up and get back to work)It’s definitely ironic.
I have to think the market runup is helping California’s situation. The bulk of fluctuation is very high net worth individuals paying income tax rates on capital gains as I understand it. 2022 and 2023 markets weren’t great (until late in 2023) and now it’s gangbusters.
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Sic transit gloria mundi (so shut up and get back to work)
