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Cake day: August 14th, 2023

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  • There’s been some reporting that Musk’s Super PAC has been paying its workers so well that it’s poached a bunch of the volunteers from the official campaign, and is so poorly run/audited that a lot of the workers are entering false data into the canvassing reports to qualify for bonuses. If that turns out to be true, then it will have been the case that Musk is burning his own money while hurting the Trump campaign.

    I’m not ready to call the race, but stories like this at least reassure me that for Republicans, they’re not sending their best.




  • Upfront costs are expensive. But operational and fuel costs are very low, per MWh.

    So take the upfront costs at the beginning and the decommissioning costs at the end, and amortize them over the expected lifespan of the plant, and add that to the per MWh cost. When you do that, the nuclear plants built this century are nowhere near competitive. Vogtle cost $35 billion to add 2 gigawatts of capacity, and obviously any plant isn’t going to run at full capacity all the time. As a result, Georgia’s ratepayers have been eating the cost with a series of price hikes ($700+ million per year in rate increases) as the new Vogtle reactors went online. Plus the plant owners had to absorb some of the costs, as did Westinghouse in bankruptcy. And that’s all with $12 billion in federal taxpayer guarantees.

    NuScale just canceled their SMR project in Idaho because their customers in Utah refused to fund the cost overruns there.

    Maybe Kairos will do better. But the track record of nuclear hasn’t been great.

    And all the while, wind and solar are much, much cheaper, so there’s less buffer for nuclear to find that sweet spot that actually works economically.



  • One of the great sins of nuclear energy programs implemented during the 50s, 60s, and 70s was that it was too cost effective.

    I don’t see how any of this has any bearing on financial feasibility of power plants.

    For what it’s worth, before the late 90’s there was no such thing as market pricing for electricity, as prices were set by tariff, approved by the Federal Energy Regulatory Commission. FERC opened the door to market pricing with its Order 888 (hugely controversial, heavily litigated). And there were growing pains there: California experienced rolling blackouts, Enron was able to hide immense accounting fraud, etc. By the end of the 2000’s decade, pretty much every major generator and distributor in the market managed to offload the risk of price volatility on willing speculators, by negotiating long term power purchase agreements that actually stabilize long term prices regardless of short term fluctuations on the spot markets.

    So now nuclear needs to survive in an environment that actually isn’t functionally all that different from the 1960’s: they need to project costs to see if they can turn a profit on the electricity market, even while paying interest on loans for their immense up front costs, through guaranteed pricing. It’s just that they have to persuade buyers to pay those guaranteed prices, rather than persuading FERC to approve the tariff.

    As a matter of business model, it’s the same result, just through a different path. A nuclear plant can’t get financing without a path to profit, and that path to profit needs to come from long term commitments.

    It can take over a decade to break even on operation, assuming you’re operating at market rates.

    Shit, it can take over a decade to start operations, and several decades after that to break even. Vogtle reactors 3 and 4 in Georgia took something like 20 years between planning and actual operational status.

    Now maybe small modular reactors will be faster and cheaper to build. But in this particular case, this is cutting edge technology that will probably have some hurdles to clear, both anticipated and unanticipated. Molten fluoride salt cooling and pebble bed design are exciting because of the novelty, but that swings both ways.


  • I still think it’s too expensive, and this contract doesn’t change my position. Google is committing to buying power from reactors, at certain prices, as those reactors are built.

    Great, having a customer lined up makes it a lot easier to secure financing for a project. This is basically where NuScale failed last year in Idaho, being unable to line up customers who could agree to pay a sufficiently high price to be worth the development risk (even with government subsidies from the Department of Energy).

    But now Google has committed and said “if you get it working, we’ll buy power from you.” That isn’t itself a strong endorsement that the project itself will be successful, or come in under budget. The risk/uncertainty is still there.



  • booly@sh.itjust.workstoScience Memes@mander.xyzCheeky
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    26 days ago

    Teeth can need work from physical trauma, too. Getting hit in the head while hunting or fighting or just hiking might cause a cracked tooth, which can be deadly in the absence of dental care. Or just while eating, sometimes a stray rock or bone fragment or shell might cause an issue.

    Lots of other species can regrow teeth in adulthood, even a handful of other mammals. All sorts of animals can have tooth problems in the wild, so I wouldn’t assume that prehistoric humans were exempt from that general danger.



  • They’ve got a good, but not perfect, track record of actually uncovering illegal conduct by their targets.

    • They exposed Nikola’s fraud (including exposing the video they published pretending that their prototype rolling downhill was moving under its own electric power) and their findings led to the Nikola founder’s indictment about a year later.
    • They alleged fraudulent disclosures and financial statements by Nigerian conglomerate Tingo Group, and the government ended up indicting the founder for securities fraud.
    • They showed that Lordstown Motors was drumming up fake demand by literally paying potential customers to sign letters of intent to join the waitlist for their not-yet-created electric truck. The SEC ended up charging them with misleading investors, and brought action against their auditor who had conflicts of interest.
    • They exposed the obvious fraud of EbixCash, a gift card network, and tanked its IPO, by showing that they were lying to investors about the existence of their partners (using photoshopped buildings and fake addresses and phone numbers), lying about app downloads, and almost all of the revenue was from their own sister companies. This exposure brought down its parent company, which ended up in Chapter 11.

    They’ve had less success accusing two huge well-connected investors of fraud:

    • They published a report that billionaire Carl Icahn was manipulating the share prices of his fund by using a sophisticated ponzi scheme structure that paid old investors using new investors’ cash. The SEC ended up investigating and settling for a disclosure violation about failing to disclose their pledge of more than half the stock as collateral, but didn’t actually find facts confirming the meat of the Hindenburg accusation.
    • They’ve gone after India’s Adani Group for accounting fraud and stock manipulation, but that hasn’t led to anything actually uncovered. India’s security regulator has concluded their investigation without findings of wrongdoing, but Hindenburg has doubled down and says the regulator is compromised by corruption. Adani’s founder is close to India’s Prime Minister.
    • They alleged that Block/Square was aware of, but doing nothing to stop, widespread fraud in its Cash App and debit card transactions. That wasn’t enough to actually move the stock price, because it was kinda a weak accusation, they didn’t really show that Cash App was any different from any other similar fintech product, and Block is a much bigger company that has lots of other business units.

    The problem is that most of us on the outside looking in just see accusations, some of which are proven years later, and some of which never get proven, so we don’t have a good sense of which ones are real or not, whether anything is overstated, or whether it actually makes a difference to the underlying company.




  • Unions are legal in all occupations.

    One caveat: the legal protections of the right to unionize apply to non-supervisors. If you have people who report to you, your power to unionize is pretty limited.

    There are also some specialized jobs that aren’t allowed to unionize by either federal or state law: actual soldiers in the Army, certain political jobs, etc.

    But for the most part, if you are employed, you’re probably allowed to unionize (and protected against retaliation even in an unsuccessful union drive).



  • Who wants a bland white wall?

    Hang some shit on that wall. Paintings. Photographs. Random yard sale taxidermy.

    Modern styles can still have plenty of personality. Yes, one of the modern trends is minimalism, but that’s not the only modern trend, and there are plenty of ways to explore your own sense of style within a modern sensibility.

    I like having a house with really, really good insulation, with good plumbing and electrical up to 21st century fire/safety standards. I like having ducts for my central heat pump and air conditioning.

    I can fill in the appearance and style stuff after that on my own.


  • It feels so real in how disappointing the experience becomes for the straight characters.

    This hits the nail on the head. It’s funny because of the point of view of the actual participants.

    The funny thing about this thread is that there are so many comments essentially agreeing with the central premise of the sketch, that it’s relatable and disorienting when you stumble onto some kind of established fandom and can’t seem to keep up with why it’s popular or what is or isn’t “part of it.” The popularity is confusing in itself, and the need to dissect the lore (as OP is doing, perhaps even unintentionally following the sketch itself) distracts from the original purpose of going there to be entertained.

    In other words, the sketch is funny and relatable exactly for the same reasons why much of the audience doesn’t find it funny and relatable.