Bleak stuff. At one point the article mentions that they are a huge number of challenges: lack of jobs, cost of school, lack of transportation, no friends, limited relationships with family. Capitalism is the source of all of these problems. Fixing them under socialism will take a lot of time and effort.
I don’t understand investing very well, but Planatir’s price to earnings ratio is 587. Generally the P/E ratio of a company that investors think is going to grow a lot is around 30. NVidia is at 55. That probably means that Planatir is extremely overvalued.
Dictatorship of the swoletariat
Modern infrastructure! But at what cost!?
" 52 million passengers will be travelling by rail in 2024, compared with just 8.6 million by air. A ratio of six to one."
I have also heard that detached homes in the South-East aren’t selling. We might be looking a conaplae in prices for housing in some areas of the US.
Memorial for Charlie Kirk. 63,000 people: https://www.cbsnews.com/live-updates/charlie-kirk-memorial-service/
Seems like Macron has realized that Trump’s plan is the bleed US vassals dry through protection rackets, tarffis, and liquiified natural gas. Pissing off Russia and maybe starting a war with them is a terrible idea since Europe will need Russian energy.
I suspect that Trump will happily allow people to leave the States. It makes it easier to brag about how many foreigners he has gotten out of the country.
There are rumors circulating that this is actually a $100,000 annual fee instead of a one time fee. There are also rumors that the fee could be waived at the discretion of the executive branch.
So Larry Ellison will control TikTok and David Ellison controls Paramount (which owns CBS). William Randolph Hearst would have been impressed.
People are deeply unhappy with their political and economic systems, but they haven’t read “What Is To Be Done?”
These numbers are for April 2024 - March 2025. 911,000 fewer jobs is a shocking revision. Turns out everyone who has been saying that they can’t find work were telling the truth.
I just don’t understand how someone can say that their farm is going to lose an enormous amount of money due to Trump’s policies, but still support Trump.
The sanest take that I have read on AI is that it is a $20 Billion sector that is being treated like a $1 Trillion sector.
“We want America to win this AI race. No doubt about that,” Huang said in the Nvidia developers’ conference held in Washington last month. “We want the world to be built on American tech stack. Absolutely the case.”
So the message is: buy more of our chips, or the commies win!