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  • Not just Spotify. If I’m reading this judgement correctly, any developer who was materially impacted by these anti-steering provisions can sue Apple. This could be the beginning of an unprecedented wave of legal action against Apple in Europe. The tricky part is proving damages.

  • Shorting a stock in effect means selling a stock you don’t own. The stock market derives price based on supply and demand. When more people are selling than people are buying, the stock price goes down. There are many more dynamics at play than this though. Often there are investment firms which will identify a price mismatch and attempt to price out the short sellers by buying and pushing the price up. This can trigger a short squeeze which makes the price suddenly pop.

    IPOs are exciting times to be a trader, but individuals are largely in for the ride. They can’t move the market. If they identify one of these larger plays they can join the fun. Game Stop was one of the first examples of a consumer-driven play, and it scared the shit out of institutions because it upended their risk models.

  • This is one of the issues with democracy: people vote in their own interests. Perhaps I should be more specific: this is the problem with democracy in a culturally fragmented nation. Without shared values and a sense of camaraderie, people don’t vote altruistically, but self-interestedly. They don’t care about their neighbours because their neighbours don’t care about them. I live in Denmark now which is very culturally homogenous and people do vote altruistically. They vote for higher taxes because they know their neighbours share their values. They identify with each other like a loose family. This is one of the drawbacks of multiculturalism which is rarely discussed.

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  • Fair trading laws are broad and complex and vary widely by place to place. There are many restrictions on trading practises which mislead customers. Amazon employs a myriad of practises designed to do exactly that. Some of them detailed in the article. I’m sure they think they’re skirting the law to the legal side, but experts are going to determine that now.

  • Almost all OECD nations are also struggling with the last couple percent on the path back to 2%. It looks like it’s the stickiest, and it might require higher reserve rates to tame. Governments spent unimaginably amounts of stimulus money during covid and the economy is still swimming in cash. Inflation won’t be tamed until those reserves are spent.

  • I’m much more optimistic. I think battery technology will progress quickly, and as it improves, more and more people will buy EVs. I think the path forward is not to try to convince people to live worse lives. That’s a losing proposition. We should instead make our lives better and cleaner through technology.

  • These instances of errors are obviously alarming, but all the evidence we have is that they’re still safer than human drivers. They will make mistakes - and sometimes those mistakes will cost lives - but they will make fewer mistakes than humans. Given this, as visceral as it feels when we hear of these stories, I think our ire is misplaced. Automated driving will never be perfect. If that’s the bar we’re aiming for we should just give up and go home. The goal is better than humans, and in many conditions, it’s already there.

  • So.... if the technology isn't improving your life you continue to use the one that's making everyone else's life worse?

    It depends on the cost/benefit analysis. It was part of my decision to buy a Tesla but I am deeply disappointed with the experience. It’s so bad that I want to sell it and buy another ICE. Most people aren’t willing to pay more for a significant downgrade. That’s just reality.

  • Rowling is an hell of a woman. She's donated more money than we will ever earn and doesn't dodge her taxes.

    She lost her billionaire status a few years ago after donating between 160 to 200 million quid!

    Say what you want about her views on gender, but she has done more good for the world than most.

    Introduced an entire generation to reading. Millions of kids who weren't big readers picked up lifetime habits!

    Started or donated to many charities. Including the Multiple Sclerosis Society Scotland, The Maggie’s Centres for Cancer Care, Doctors Without Borders, and more. She founded the Children’s High Level Group, known as Lumos, which works to "end the systematic institutionalization of children across Europe and help them find safer, more caring places to live." She has also contributed to various other charitable causes through her philanthropic trust, Volant.

    Helped save female Afghani lawyers from the taliban.

    Funded the Anne Rowling Regenerative Neurology clinic in Edinburgh.

    And rather more contentiously, has stuck to her guns about the areas where she believes sex should take precedence over gender identity in the face of abuse, rape and death threats.

    And now employment tribunals are ruling again and again that gender critical views are perfectly reasonable to hold and in fact are legally protected.

  • I really think this is overblown. Almost all the services encompassed by the term are luxury. We don’t need Netflix. Just stop paying for it. Businesses all follow a similar trajectory: concept -> growth -> monetisation -> decline. If you’re over 30 you’ve seen many companies rise and fall. They all fail eventually, and from their ashes rise new companies. If you’re ambitious, you’ll capitalise on the opportunity and your company will fill that gap.

    Embrace change.

  • Industry figures indicate employment in IT is still above pre-covid levels. Companies over-hired and are normalising. We’re not seeing this labour activity in most other sectors. There’s no reason to panic.

  • If you decide to continue to grow your wealth from there, you're essentially not just making money for yourself, but so others can't have it.

    This is a zero-sum fallacy. The size of the economy isn’t fixed. It continues to grow each year. The hyper productive people you’re referring to are disproportionately responsible for that growth, and they are disproportionately the recipients of that growth. My father was one of those people. Working 18 hours every day for 30 years. It led to a divorce and our family falling apart, but fuck did he generate a lot of economic value for the world, his company, and himself. He didn’t steal it from you. He created it.

  • That’s not a good solution. Renting is a terrible experience too. This is what I would have to do:

    • Book a rental in advance or pay horrendous rates.
    • Take an overpriced taxi to the rental place on the day. Uber is banned in my country.
    • Wait in line, then stand through the strong arm sales tactics to get me to buy the overpriced insurance. I politely decline.
    • Take a hundred pictures of the exterior to prove I’m delivering it in the same conditions I picked it up because I’ve been scammed too many times.
    • Drive back to my house, then do all the usual packing.
    • Gingerly drive this strange car for 12 hours there and back and pray I don’t scratch it because that’s thousands of dollars in extortionate fees.
    • On return, unpack the car, then give it a clean (or more fees).
    • Drive it back to the rental agency and argue about the level of gas in the tank and the scratches I didn’t make and the level of general cleanliness inside and out.
    • Take another overprice taxi back home.

    I’ve rented a lot of cars in my life and they’re all bloodsucking leeches. This is not only a much worse experience than simply owning a car which suits our needs, but it’s more expensive.