My family lost a great deal of invested wealth in that 2008 crash with the death of Mellon Bank. It does not seem like a lot today but … if it had been invested in say Chase or G-S… it would have probably been double what it was by now. I am sure my dad was twisting in his coffin when that happened. I am glad he did not suffer that when it happened (he died in 2005).
Those data centers drive up energy costs for us and increase global warming. They don’t help at all. Plus AI steals IP of creatives.
The best thing us poors in the US can do is eliminate our consumer debt, pay it off or do a bankruptcy and pray(hope really hard and vote) we do get a president who can effectively forgive student debt. This means no spending, strict budgeting and eliminating any and all subs, discount phone, etc. If you are already there, getting more paid work if possible.
I think the top 10% are author of more than 50% of the spending/consumership. That is about to become larger.
I am in the US. In regard to employer based retirement, there are a few pension programs still available, mostly union based. In other corporate environments that do not offer union pensions (as they are non-union)- they offer the 401K if a for-profit or a 403B if non-profit. As you get closer to retirement, many 401K/403B recalibrate to a larger proportion of Bonds vs riskier stocks/futures. Although I also invest in some ETFs that are not pretax (only the earnings are taxable).
If Intel has to give the US government 5%, Starlink should have to give back 25%.
not the same thing. Yes we get anxiety at times when we realize we forgot a whole bunch of shit we were supposed to do. It is like those naked dreams where you realize you are not wearing pants.
In the late 1980s I tried crystal meth and it was like a super drug that allowed me to maintain my hyperfocus and get so much shit done. But it only lasted 48 hours. Luckily, I could not source anymore so did not chase that functionality so I did not become a “faces of meth” person. I can’t imagine what I could have achieved being appropriately medicated with a legal medication that was regulated. I might have ended up in medical school.
When I was in school, I would wait until the last possible minute. Pull an all-nighter to hand that research paper in with all the things and pull it off but then have to crash for a day or 2 after… well, I might get drunk or high first— circa early 80’s. It was a bit harder than today as there was no internet/online resources. I had to go to the library and look shit up in these big indexes and microfiche. I lived on pepsi and doritos.
I have to remind myself to write a list and then set a reminder on my phone to check the list. Then set a timer for the easiest fastest shit to complete. and still decide that the frog can wait another day. I try to make a 3 list… 3 Things I have to do. each. day. I can’t manage more than 3 and I want to tell you… basic hygiene like bathing is included.
i have never been diagnosed but then, I grew up GenX so was just considered a daydreamer and a bit slow/absent minded. (like the stupid one).
Wow. I didn’t know that dial up was still a thing in the US
Oh man, you just unlocked memories of my Mom’s 8086 back in the late 80s… her first pc was an Apple but the software… there was more for the Intel. I remember so much disk inserting and printer interface issues and the DOS. We had like boxes and binders of those huge discs…
Intel can go anywhere. To the highest bidder and the lowest cost.
or they will just move overseas.
Right? Good Luck America. FAFO.
there is no real rationale. Trump is all impulse, no long range thinking/planning.
That is what the tariffs are for and Apple has promised to invest a shit ton of money into manufacturing those phones here… so they can raise the prices to the ceiling of the tariffs imposed on China, India, Thailand, Indonesia … etc. There are no other smart phones manufactured in the US so they will effectively… have a monopoly.
the problem is that those people actually exist and post. so it is hard to see the difference btw the monopoly/technocratic feudalists and the average sarcastic poster. being naive about that group is probably your first mistake. sorry for the heavy eyeroll and expression of disgust. Maybe find another way to have “fun?”
yes, We can’t prevent the bubble burst. We can hope it happens sooner rather than later but the bubble is baked in. So what companies and individuals can to is basically buy up their detritus at bargain prices. And then use them to make better, more solid companies that do not require $3T investment while showing no fucking profit.