Tag: Economy
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Americans have been hit by high inflation and are worried about their jobs. Will they show up at stores on Black Friday? While richer Americans have strong finances, the working class is struggling. We’re seeing it everywhere from food lines to loan defaults. Inside the Other America “I’ve never seen…
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+ Business+ Black Friday, Consumers, Economics, Economy, Finance, Inflation, Investing, Money, Personal finance, Politics, Poverty, Working Class+
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Germany’s car industry has lost 51,000 jobs in the last year. VW cut 35,000, ThyssenKrupp 11,000, and Bosch nearly 6,000. What’s causing the collapse in German industry? Crushed By Energy Prices German manufacturers are cutting capacity because building things in Germany has become too expensive. One of the biggest culprits…
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France just lost its 5th prime minister in three years. What the heck is going on over there? Today, I decided to find out… Another Government Falls Prime Minister Sébastien Lecornu resigned today after several parties threatened a no confidence vote. That vote would’ve required Lecornu to resign. The major…
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Around 7 million Americans drive for a living. What happens when they all suddenly lose their jobs? The End of Human Drivers Waymo’s robotaxis are in 5 markets and counting. Tesla Robotaxis are in Austin and SF. Self-driving semi trucks can’t be far behind. Millions of Americans drive a truck…
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+ AI, Artificial Intelligence, ChatGPT, Economy, Finance, Government, Investing, Labor, Money, Robotics, Robots, Silicon Valley, Startups, Stock Market, Tech, Technology, Venture Capital, Workers, Writing+
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Microsoft just announced they’re laying off another 9,000 people. With AI and offshoring rapidly eliminating jobs, are we about to see a new wave of unemployment? AI Eats Engineering Jobs New comp sci graduates have one of the highest unemployment rates of any major. Big Tech companies are doing hiring…
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+ AI, Artificial Intelligence, Business, ChatGPT, Economy, Jobs, LLM, Offshoring, Remote work, Technology, Unemployment+
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China is building bridges with massive robots. Is America hopelessly behind? This weekend, I heard about China’s bridge building robot on The All-In Podcast. The idea of building a bridge at warp speed with robots intrigued me. So this morning, I decided to learn more… The Iron Monster Many Chinese…
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+ Automation, Bridges, China, Economy, History, Industry, Infrastructure, Robotics, Robots, Tech, Technology, Travel+
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$1.57 for a lighter. That’s the only thing I bought from China last week. With a trade war going on, I started to wonder: how much do I actually buy from China? So I decided to track all my purchases for a week and find out. A Week Inside the…
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Trump’s new tariffs are making headlines. But a less noticed trend could be a lot more important: a recent fall in interest rates. Tariffs raise the cost of imported goods. Interest rates determine what we pay to borrow for a home, auto, or credit card loan. For most startups, the…
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“If a commercial company operated the way the federal government does, then it would immediately go bankrupt, it would be delisted, the officers would be arrested.” Elon Musk America is $36.2 trillion in debt. We’re adding another trillion every few months. At this rate, we are headed for national bankruptcy.…
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+ Donald Trump, Economy, Elon, Elon Musk, Government, News, Politics, Silicon Valley, Tech, Trump, Washington+
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China may lose the majority of its population by 2100. Its population has declined for three straight years. This decline will only accelerate. Fertility is rock bottom, at 1.18 children per woman. The one child policy is a major reason, along with increasing urbanization. Right on cue, China’s economy has…
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Tremendous 