silence7

joined 2 years ago
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Krugman has this to say about it:

For those not familiar with how financial markets work, US Treasuries are the ultimate safe asset, used as collateral for everything. Even a hint that some Treasuries might not be honored could bring everything to a screeching halt

Musk and Trump are both in the habit of stiffing people they owe money. If markets even suspect that this habit will extend to Treasuries, God help us

 

cross-posted from: https://slrpnk.net/post/18225479

Mind you, congestion pricing is now quite popular — it causes more foot traffic, less crime, and faster bus rides

[–] [email protected] 66 points 3 days ago (3 children)

Yeah. Most of the tech industry intern firings I'm aware of are for sex with other interns at work. Horny teen learns self control is a story they can tell.

Leaking trade secrets is not.

[–] [email protected] 1 points 3 days ago

Exactly. It's a system that works almost entirely as a pay-as-you-go system, with each generation paying for the retirement of their elders.

[–] [email protected] 2 points 3 days ago (7 children)

It was always a substitute for paying to maintain your parents or grandparents in retirement. Unless you're an immigrant, you've already been getting it back.

[–] [email protected] 20 points 3 days ago

Basically, Tesla has a bunch of private chargers, and having a public charging network makes it easier for competitors

[–] [email protected] 6 points 3 days ago

I'm not sure; try asking the reporter

[–] [email protected] 9 points 3 days ago* (last edited 3 days ago)

The people Musk put in place to do this are all kids. He's choosing them because racists without any real professional network are completely dependent on his patronage, and are disposable when accountability for crimes starts to happen.

[–] [email protected] 83 points 3 days ago

It's infecting housecats too.

[–] [email protected] 11 points 3 days ago

Yeah, I think Wired and Talking Points Memo did the original reporting on his access, with Wired getting his name, and Talking Points Memo getting many other details.

[–] [email protected] 41 points 4 days ago

He was missing a few hundred billion dollars. With that, they'd have overlooked his hate just like they do with Musk

[–] [email protected] 3 points 4 days ago (1 children)

Given the much more aggressive action by Senate Democrats over the past day, where they've kept debate going overnight to draw out Vought's confirmation as long as possible, I'd say they're listening

[–] [email protected] 6 points 4 days ago (2 children)

We can accomplish a lot actually.

They're still responsive to people showing that they're organized enough to upset their hold on power.

We can show people that they're not alone; courage is contagious.

It's an entry point for getting steadily more aggressive forms of action.

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