Thanks for sharing that info. Definitely sounds like it might have been a good idea in the past but now overdo for a change. Sad that the current PM wants to continue destruction to get votes.
Seems like a good example of how policies need to be implemented with a forward-thinking mentality. Can’t rely on future changes.
The cost of solar and wind is becoming so attractive, it’s hard to see why anyone would do otherwise.
The elephant in the room (at least for the US; I’m not as familiar with UK policies) are the subsidies. It sparks new investments because many of the incentives are specifically related to new projects. Other ones mess with the valuation of the equipment, making long term tax burden much lower. It’s not the only energy industry to receive subsidies. But it’s pretty asinine to continue to support the one that’s destroying our world.
“In one case, it’s going to profit, amplifying the incumbent status of the oil and gas industry. In another, under more aggressive decarbonization policy and low oil and gas prices, it’s actively working against the climate goal by spurring additional production.”
For sure. The US was once a leader with its public infrastructure and programs, from education to the highway system. Paying BIG money to provide these incredible public services.
Now it seems like a lot of people in the US want to live in a place with zero public projects, crumbling roads, and unregulated utilities. Even wealthy people who waste money on the dumbest stuff don’t want to pay for top-notch public services. I truly don’t understand how you’d want to be so wealthy but live in a place that’s not well cared for. Drive your insanely expensive car on a road filled with potholes. But selfishness and greed are definitely part of the picture.
Creating new public infrastructure in the US can be extremely expensive, but it’s definitely still worth pursuing.
Nearly every in-depth study shows that for every $1 invested, the economic return is somewhere around $4-$5. And on top of that, failing to have adequate public infrastructure can cause serious economic consequences, which are compounded in areas with a lack of affordable housing.
Even though this article is a little old and sponsored by a party with a vested interest on the topic, I think it’s worth a read:
https://www.politico.com/sponsor-content/2018/06/when-public-transit
In my opinion, the problem for the US is convincing people/businesses that it’s worth it. Shifting away from cars and increasing investments in public infrastructure are two fairly unpopular measures right now, despite the actual economic evidence being overwhelming positive.
To me, it’s a solid example of where great leaders are needed to do something temporarily unpopular for the long term benefit of the constituents.
Just writing from the heart. I take that as a major compliment though! Thanks! Might help you to know that I write for a living.
Of course. I’ll just speak generally instead of specific stories.
Judging people based on their charisma alone is a terrible approach. Many likable people are great, but others just say what they know other people want to hear. People pleasers that will always choose the popular option, not the “right” one… And some people can be very talented at using manipulative tactics to gain support even though they spread a lot of pain. The classic popular bully.
The reverse can also be true. Some extremely uncharismatic/unpopular people are amazing at heart. And can be trusted to do what’s right even if it’s unpopular.
That’s why it’s best to not make knee-jerk or immediate judgements. Listen to your gut, pay attention to details, and try not to let the opinion of others influence your opinions or decisions too much.
The wealthy aren’t paying their fair share and that is something that needs to be corrected. The arguments in favor of progressive tax systems are countless.
It’s important to note that taxing wealth isn’t the same as taxing income. But you can do both and the US has a very well established system for doing so: income when earned and wealth when transferred to the next generation. Unfortunately, both of these systems have been gutted.
I’d love to see these both get their teeth back. Pretty simple really: (1) make progressive income tax rates apply to all income sources and decrease income exclusions/deductions and (2) lower the wealth tax exemptions and clamp down on tactics used to skirt around the exclusion amount (primarily family partnerships). This is basically just returning to policies the US had from about 1950 to 1970, which also was a time of exceptional middle class growth. It’s really not breaking new ground and it’s a proven, sound way to generate widespread economic success while also battling greed and inequality.
We could go a step beyond and do a value-added tax system too, which effectively taxes consumption, but that’s another topic entirely.
Yes, one quarter of decreased profits. Sales for the same quarter are only down 20%.
Another article says “The company still expects full-year net sales in a range between 23.2 billion euros and 24.6 billion euros, sticking to its forecast.”
I understand that it’s sometimes necessary for companies to trim the fat. But with annual net sales still on track and the company making healthy profits for many quarters running, it sure sucks for those 14,000 people that one bad quarter is being used as the reason that they’ll no longer be able to pay their bills.
https://www.cnbc.com/amp/2023/10/19/nokia-to-cut-up-to-14000-jobs-after-profit-plunges-.html
Yeah, and I have no idea where you are, but this goes far beyond the suspect cities like San Francisco. Not only are many of these workers spread out in tons of cities across the US (and world), it will also hurt wherever their funds were flowing to and the supply chains associated with them. Travel, electronics, food/dining, home furnishings, hobbies of all sorts, etc.
Another big difference is that a lot of these are “new money” people. And I’m not using that in a derogatory sense. It just means that their spending is likely to be much higher than “old money” individuals hitting the same payday.
If you’ve always had $10 million, you don’t go out and start buying shit like crazy even if you make another $2 m. But if it’s your first $2 m, you’re likely to go spend A LOT of it.
And that’s real economic growth. It’s the opposite of trickle-down economics (which just causes more hoarding of wealth and slowing of money exchanging hands).
As much as I feel for the people hit hard right now, I think this is an economic indicator that‘s going to cause many downstream consequences if it continues.
On top of the downward trends by the tech titans, venture capital funding is plummeting. That’s because the VC investors can see that the likelihood of a big successful buyout is decreasing, mostly because the big fish are tightening their belts and facing higher borrowing costs (interest rates).
Many big companies have effectively outsourced R&D, waiting until a startup creates something worth buying instead. Then the VC employees either got a nice payout or employment with the big company (or both).
These often massive transactions were the source of serious economic growth. Those people had stability to spend in a way that many others wish. In the face of crappy outlooks and flat wages in tons of other fields, tech has long been the outlier making plenty of middle income people shoot up in wealth. And it did bring along others for the ride.
That growth drying up is not good for anyone. Well, unless you’re waiting on a market crash.
Very true. Even just writing (or rewriting) the regulations is full of ways to get whatever the executive branch wants.
“It’s a big club, and you ain’t in it.” George Carlin
I get what you’re saying, but there’s a lot more to separation of powers than this. You might be well aware of all this, but for those that aren’t, here’s a giant wall of text.
The executive branch’s powers are clearly defined and including acting as the head of the military, the head of foreign affairs, and the executor of the laws congress passes. It is quite restricted by congress in many ways. Of course, the executive branch has emergency powers and limited ways around the laws congress enacts, but that’s not the default and it is very much intended to be restricted by congress.
The executive branch also has room to make interpretations (create regulations) and to prioritize certain laws when they come into conflict.
This is what they’re doing here. They have weighed the laws (from congress) they are tasked with enforcing, which includes (a) specific immigration restrictions and (b) a variety of other ones that could impact their ability to execute the immigration restrictions (the “26” laws waived, including water and environmental protections). The DHS (an executive branch agency) has determined that (b) these 26 place an undue burden that prevents them from executing (a) the immigration restrictions, and is therefore temporarily waiving (b).
You can read the actual order here: https://public-inspection.federalregister.gov/2023-22176.pdf
Notice that it does not say it’s randomly waiving laws of its own accord without a law that it is executing. It is clearly referencing the statues (enacted by congress) that it is acting on. It is identifying that it is failing to execute some laws, but only so it can prioritize another one it has deemed more important for this specific action. It’s also become popular for the executive branch to use emergency decrees to act unilaterally, but these are supposed to be much more limited and a functioning judiciary/congress should hold the executive accountable when this happens.
What the executive branch is NOT doing here is very important too. It is NOT deciding it doesn’t want to do what congress says. Congress could rewrite the immigration law or any of the other 26 laws to change the way the executive branch executes them, if it feels the executive is implementing them wrong. And the judicial branch could easily weigh in on this if someone affected brings the case to them.
Especially if you don’t give a flying fuck about using an established process or doing so legally
I can’t say for certain where it’s from either, but the longer version is now very popular in certain outdoor groups and at US National Parks:
“Take nothing but pictures, leave nothing but footprints.”
Apparently one researcher was able to trace it back to a newspaper article from 1954 about Bandelier National Monument (an amazing spot in Utah).
https://quoteinvestigator.com/2023/05/30/footprints/
And I agree that it has many crucial implications today. We should doing more to live in harmony with nature. We are part of it, no matter how much our concrete jungles try to seem otherwise.
It’s extremely challenging for many right now due to insanely depressed wages. No doubt about that.
But for those lucky enough to have savings and their very basic needs covered, there are quite a few people deciding to live with less instead of constantly gunning for more. The FIRE movement is a pretty decent example. But even things like vanlife and rural homesteading are also along the same lines.
Others spend like crazy, barely staying within their means even when incomes skyrocket. Of course, this is what capitalism allows/causes/benefits from the most. And it’s easy to get sucked into. But it’s not the only way.
There are a lot of good, helpful people in the world that want to work together to create progress and a better society for all. And positive change is possible. Don’t get too caught up in the loud voices to the contrary.
Not exactly what you’ve asked, but I’ve seen and spoke to people about this while traveling.
It absolutely still happens in many places that use more primitive construction methods. I’ve visited places in Belize where locals told me about devastation after hurricanes. It can flatten entire areas, especially the poorest ones. I’ve also witnessed it in parts of Mexico, although steel and concrete construction is much more common. Thatched roofs can be found in certain areas, and of course, people without means still use anything they can get their hands on to build homes - like thin metal sheets. A bad storm can destroy many homes, if not entire communities. Roads wash out and make transportation extremely challenging.
Sometimes people come together to rebuild. It might be as easy as taking down more local trees or gathering the materials that the wind threw everywhere. It’s still a pain, especially when most people capable of laboring would rather be working for income instead of rebuilding their home.
The unfortunate reality of today is that these events often cause mass exodus. People don’t have insurance, and the literal land they have might be the only asset between them and absolutely nothing.
This is when predatory investors can come in, offer pennies on the dollar for land, and grab up large sections for almost nothing. Then the people use whatever they get to try to make a fresh start, quite often in a different location where housing already exists, like the closest city. It would be possible for this to be a mutually-beneficial exchange, but it’s more often predatory as hell with extremely desperate sellers and buyers who don’t offer anywhere close to actual market value in a normal time.
Seeing this devastation makes you quite thankful for things like disaster relief, disaster loans, emergency responses on a large scale, and insurance. None of those programs are perfect, but the alternative is tragic (unless you’re wealthy and don’t care about the well being of others).
Nope. First production one completed in July, nearly four years after the first press release. Supposedly customer deliveries at some point of Q3 2023, which is basically down to a month left.
Getting your first job after getting your degree is arguably the hardest time in your career. Just remember that it only takes one. Keep applying. Get help with your resume. Practicing interviewing and always have an appropriate outfit ready to go. You can do it.
I’m not saying it’s easy nor that you should be overly selective. Your struggles are valid and job seeking blows. But just keep trying. If others have been able to get a job in the industry, that’s a good sign. I know it can be hard to see and compre yourself against, but it does not mean you won’t follow.
Earning a degree is a major accomplishment and one you should be proud of. Loans can seem overbearing and stressful, but if they’re federal student loans, you can get on an income-based repayment plan to alleviate a lot of pressure. If you’re not generating income, the payment is usually $0. Very normal for new graduates and some people stay on them for a much longer time. Do not neglect these payments. Make sure to apply for this well before your first payment’s due date (probably now if your due date is January).
Just keep on trucking on. One day at a time. Your family cares enough to help you out and you’re in a tough spot. Keep trying to improve and it’s likely to happen. Lean on all of your contacts, friends, and personal drive.