And what do you think happens when there is deflation, especially if it is negative by several percent? The real rate people pay is up significantly even if the nominal rate is 0%.
NYC and New York state having much lower gun crime than other states due to their right gun laws as well as surrounding states also having pretty strict ones.
They will send angry letters about damn near anything too. I made the mistake of not having my Windscribe VPN turned on on my tablet while torrenting an exam book I didn’t feel like waiting for at the library. 6MB which took a split second to get and I got a nice angry letter.
Who doesn’t want a bunch of packages bundled in at a low price* where the advertisement does not list the extra fees?
*for three months and then your bill will double
Almost all countries with lower levels of inequality and decent income have inflation. Deflation actually works against the poor because they are the ones needing to borrow to make any large purchase and the banks can only set rates so low. The solution to wealth inequality is absolutely NOT deflation.
I picture gay men coming in like Straight Holt to get free beer.
That was also one of my thoughts. My friend lives in Manhattan with two kids in a 900 sqft condo. He is an investment banker.
No shit. It funnels money to a cult.
And how exactly do they determine if someone is straight? Do they have them jack off to a woman before they enter?
In terms of CO2 emissions, getting as many ICE vehicles of the road as possible is best. Depending on your electrical power source, an EV can beat out an ICE within 30k km. On the shittier end, if your power comes from coal, it is closer to 125k km.
Charging duration at fast chargers is not that much of an issue for the most part. You’ll be able to drive for for hours and you will likely want to stop for a bit anyway.
The lack of chargers where you would be is definitely an issue though. Renting an ICE would make sense then and you would almost certainly save money overall with that combo. In my area, an EV would save $1000-2000 USD for fuel costs each year (small hybrid on the low range and a crossover on the higher end). Given gas prices in Canada, I would have to imagine the savings are even higher for you.
IMO I still think hybrids will be instrumental tech over the next decade. Those 300 mile EVs often get much worse range in weather conditions that are common in many parts of the country. It’s also simply going to take considerable time for fast charging infrastructure to become ubiquitous enough to truly address range anxiety.
People waaaay overestimate how much they drive. The average person drives about 30 miles per day. 99.5% of trips are under 100 miles. Cold weather can drop the range by about 25%. That is still perfectly fine for 99.5% of trips. You know what country also has pretty cold weather? Norway. They also happen to be the country with the highest percentage of EVs sold.
Fast charging is only needed for the extremely rare occasion that you are traveling over 250 miles. Heck, even a level 1 charger is fine for the majority of people most of the time. And the fast charge network is built out pretty decently already so that you are almost certainly within range of one.
There are absolutely some issues with EVs though. It certainly is not all sunshine and rainbows. While a level 1 charger is perfectly fine for most people, many do not even have that. Most apartment buildings do not have outlets you can use in your parking spot. That is a pretty large chunk of the population that would have to rely on fast chargers. That is a lot pricier.
And while you may be within range of a fast charger, you might not be by one that works. A good third of Electrify America’s don’t work. Some that do, do not give you the full speed.
Charging speed still does suck for road trips. Sure, an Ioniq can charge to 80% within 20 minutes but that is with a station that can push 350 kW which are pretty damn rare.
Companies also seem to want to make EVs futuristic looking with zero knobs and also lock you into their ecosystem to harvest your data. They claim it is to help you more accurately calculate range and to be able to find a charger. That’s horseshit. Just because something is battery powered does not mean it needs that shit. It would be one thing if they had competent software engineers but they largely don’t.
I guess I don’t understand his point. Is he saying that making content is cheap (it’s not) so artists don’t need to be paid a lot? If content creation is cheap, why are they not the ones producing the music? It should be cheap for them to be their own label, right?
But shit, you would think the CEO of a company whose main product is streaming content would have some idea of the cost to produce that content. Recording studios do not exactly grow on trees and it’s not like audio engineers are working for free. I guess I don’t understand why he is paid so much since being an executive at a company does not require much expense.
Inflation was low. Raising interest rates when inflation is low is a recipe for persistent deflation like Japan has.
cries into his $2400/month mortgage
I hate the phrase “starter home.” People don’t need 3000 sqft homes unless they have 10 kids.
I lived most of my childhood in a 100 year old 1000 sqft home with 1-2 siblings. Some extra space would have been nice but definitely not 3x as much. My current home would be considered a starter home at 1200 sqft. We will likely add on to get another bedroom and also not have a myriad of toys in the living room but I can’t see it adding more than 300 sqft. That would make it a 4 bedroom house with a den which is perfectly fine. People seem to consider anything under 2000 sqft to be a starter home which is absurd.
What we do need is for many starter homes to become available for sale. Many are simply turned into rentals.
Summer is still a few weeks away…
I’m starting to think Kim Stanley Robinson predicted the future.
Guess what industry will not take any precautions to protect workers? There is already loads of precedent that they will not do shit to prevent this.
Crossovers are just taller station wagons.
First OS was MS-DOS on a Tandy. First Linux distro was Knoppix.