Bike equipment is ridiculously high margin. Motorcycles and mopeds are extremely common commuting vehicles in much of the world, yet i'm surprised motorcycles aren't more popular since they offer much more capability and are a better value.
The bridge flyover reminds me of SimCopter, some of us like retro gaming and don't mind a little jankiness. Especially since this can give you a convenient base to work with.
Exactly, interest rates must come down due to the government debt burden. This debt burden creates a strong incentive to force rates to zero, but we have to pretend the Federal Reserve is independent.
Separately, I think Jerome Powell is one of the worst Fed chairs as he is most (but not exclusively) responsible for what happened to the housing market by creating a lock-in effect and focusing on their CPI basket.
I don't understand the cost either, apparently it only costs around a billion dollars to build a skyscraper? The Burj Khalifa only cost one and a half billion dollars when completed in 2010. I don't know that there's criminal activity here, but the cost of this is rather surprising to me. I knew the Federal Reserve was being renovated, but I thought it was something closer to a hundred million dollars.
The Bay Area is far wealthier and much more economically relevant than NYC. NYC has a very large low income population. NYC doesn't have nearly as strong of an economy, financial services and trading firms are increasingly leaving. Whereas the Bay Area, particularly the peninsula, is home to the companies shaping the future like OpenAI and Nvidia along with a huge number of quality startups.
>The Bay Area is far wealthier and much more economically relevant than NYC.
Not so much. The NY Metro Area has the highest GDP of any metro area in the US[0]. The San Francisco Bay Metro area ranks fourth, behind NYC, Los Angeles and Chicago.
But don't feel too bad about it. It could have happened to any Metro area.
It's not the overall metro area GDP itself but rather per capita, the people in the Bay Area are simply much wealthier and higher income. This is also true in the Puget Sound region, but not to the same extent. This difference in population is why they don't have an interest in a Zohran of sorts. State run grocery stores and public transit are really not a concern to most people as their lifestyle is much different.
The Bay Area companies have been driving the economy forward for several decades now, it's been economically dominant since the mid 1990s. Consider more 'recent' companies like Google, Facebook, and older companies like PayPal and eBay. We already had the dotcom bubble pop, but that was more akin to a bump in the road.
There's no shortage of 'talent' in the US, particularly Amazon tier L4/L5 talent. Also, it was always less expensive to hire offshore regardless of H1B fees.
A bigger pool of candidates gives you access to more 'talent'. Unless you design an interview process that is somehow biased towards US citizens, you'll always get better candidate on average from the rest of the world.
Perhaps it was less expensive to hire offshore, but if importing foreign talent isn't an option anymore, the tradeoff will change and US companies will have to expand their foreign offices (which I personally hope).
This is a bad marketing idea to compare a golf cart like this to a Toyota Tacoma. There is practically zero ground clearance and a unibody frame, this will high center in places where I regularly drive my Tacoma. Tacoma wins on ruggedness, lower total cost of ownership thanks to a significantly lower price and having limited depreciation.
Unless these are priced at under $30,000 for the AWD, these will flop commercially.
If the CAFE standards could be fixed, we could get ICE and hybrid trucks that are smaller and more affordable, the EV route is too expensive and the products are strange.
I know the CAFE standards are bad, but isn't it just a tax if you miss the target? Anyone know how much would it cost a car company per vehicle if they made a modern version of the '80s Ranger or Hilux?
