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Joined 2 years ago
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Cake day: July 9th, 2023

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  • Maybe, but hopefully the existing controls will prevent that from happening again …. Unless overzealous attempts at “reducing regulations” break those. There were quite a few factors around the Great Depression but consider controls like:

    • “circuit breakers”, automatically halt trading when a stock or the overall market drops too quickly
    • “qualified investors” are criteria you must meet for the riskiest investments, basically that you can handle the loss
    • bank requirements for capital, risk, so less likely to collapse
    • bank rescues - Lemmy likes to complain about rescuing banks instead of people, but bank collapses during a crisis are what can push the crash off the deep end

    Also the overall size and complexity of the modern investment industry should make it much less likely for any one type of investment to drive a general crash.





  • Oops, I did it again. I had the cup out, in front of all the stuff while I boiled some tortellini, then just as I finished draining the pasta: “dammit”.

    Aside from that: garlic, pesto and red pepper flakes simmered a bit in olive oil, throw in some red bell peppers. Stir In the pasta until it’s covered. Then throw in a bunch of spinach and shaved Parmesan, and outstanding! This is my favorite dinner …. But it would be better with pasta water


  • Why should they be stopped by the government? That assumes the stock market should be logical and predictable but why should that be true? It’s all speculation, just a step above gambling, and people should be allowed to.

    Tesla is a great example. Its stock has never been at an expected level for their revenue or profit. It’s all speculation about their potential to disrupt the car market (which they have), and predictions like 50% growth per year. Even now, self-driving and artificial intelligence seem a bit far fetched to most of us, but if they happen will be very disruptive.

    But yes , politicians should have required ethics standards, including banning insider training. The rest of us have to: how does it make sense for our leaders to have lower ethical standards than everyone else?



  • I don’t see how this is different from any other car

    • My previous gasoline car advertised like 350 miles on a tank, but I got about 280 between fill ups. I’m a bit of a lead foot but regularly took the tank down to the last tick on the fuel gauge.
    • my Tesla advertised like 330 miles between charges. I go more like 250, but that’s also because I never let it go below 30%

    The biggest difference might be that I’m more comfortable running close to empty with the gas car …. Ok fine, I also the features. My Tesla is covered with snow but I’ll probable stay inside where it’s warm and just click “defrost” on the app







  • That’s at least as much a lifestyle question. As more people develop higher living standards, they tend to copy those before them. Ecologically we can’t afford for all the developing countries to live like the US, even with a much smaller population

    But yeah, I’m more concerned about economies. Unstable economies tend to lead to wars and oppression. The only thing worse than our current environmental exploitation is human suffering, and we need to develop a more sustainable lifestyle that avoids that.

    If you look at history of environmental protection, you’ll see that generally wealthier countries can afford more of it. If we want people to be able to afford taking care of our environment, they need to have a stable economy and be relatively well off.




  • Yes, their mass-market vehicles are comparable quality to other manufacturers.

    Also, yes, cybertruck was a disaster in several ways. Personally I think it was another case of Musk not wanting to be wrong. Tesla seemed to have given up on it and the world moved on. Then people started saying where was it, and they eventually delivered …. Something. But yes, new design with radically different technology being forced out. Definitely not a smooth release but it’s always a good rule to never by the first model year of anything, much less something radically different.

    Anyway, cybertruck is like Highlander 2: it doesn’t exist