I have loathed Larry Summers since the repeal of Glass-Steagall. He has consistently treated the American public like he treats women in the Epstein emails. So glad he's finally getting his comeuppance.
He was working at the Center for American Progress to ensure if the Democrats got back in power they would be committed to not fixing anything, fulfilling any promises, or doing anything beyond Clinton/Obama/Biden managed decline.
I hardly think a millionaire stepping away from his job is “comeuppance”.
Don’t forget Epstein’s circle of rapists and rapist-enablers still had friendly communication with him long after he was convicted and known pedophile.
I have doubts about officials’ ability to get real justice. I’ll still me shouting for blood in the streets, though.
The next product Apple will unveil will be an iPhone case made of human fingernails from those who have tried to climb this K-shaped economic ladder and failed. It'll be a steal at only $500 a pop.
I am wondering what you call consumption that feeds $499 designer margins on polyester like that, while so many people can barely afford to scrape by day to day.
Income inequality is a phrase that pathologizes what appears to be a universal truth. In all types of economic and political systems (after we left the forest, and probably while we were still in the forest), some people have been desperately poor while other people are not. What would be interesting is a single counterexample of sustained "income equality."
That said, our current degree of inequality and the particular way it is distributed seems to be unusual and remarkable. But pointing to someone having a hard time is, IMO, not a critique of that.
>Income inequality is a phrase that pathologizes what appears to be a universal truth. In all types of economic and political systems (after we left the forest, and probably while we were still in the forest), some people have been desperately poor while other people are not. What would be interesting is a single counterexample of sustained "income equality."
There's actually tons of data. Almost every western country has a much better "Gini Coefficient" than the US.
> The Gini coefficient is a number between 0 and 100, where 0 represents perfect equality (everyone has the same income). Meanwhile, an index of 100 implies perfect inequality (one person has all the income, and everyone else has no income).
What country has the lowest Gini coeffecient value? Slovakia consistently tops the list.
Who is the richest person in Slovakia? A reclusive billionaire named Ivan Chrenko.
> In Slovakia, 980 000 people were at-risk-of-poverty or social exclusion in 2024
In Slovakia, more than 980 000 people, i.e. approximately every sixth resident, faced poverty or social exclusion in 2024. Both the share and the number of people at-risk-of-poverty or social exclusion increased year-on-year. Poverty indicators in Slovakia have been gradually deteriorating since 2020. On the positive side, the situation improved in 2 out of the 8 SR regions in 2024 and remained unchanged in one. At the same time, more than 20% of the population continued to face poverty in 3 SR regions.
Of course the US is terrible and getting worse by this measure. My point is that nobody is great (the universal truth) - but I grant you that some are worse than others.
In my view, inequality of all kinds is not an enemy to be defeated, it's a disease to be treated, knowing that it can never go fully away. It seems that most would rather treat it as a fact of life and do nothing while it runs out of control, or a heinous evil that must be eliminated. Neither seem like a practical approach.
> In all types of economic and political systems (after we left the forest, and probably while we were still in the forest), some people have been desperately poor while other people are not.
citation needed. inequality was very low for thousands of years. not just "in the forest" but even with pretty large settlements.
Yes, yes ... It's the same as it ever was, only so much more so!
Beyond just critiquing the disparity here, I feel like the psychology that treats capital in such a frivolous way, shifting it about already privileged pockets of society, rather than apply it to any sort of material good is rather abhorrent. That's just my take.
Never connected my Roomba to the internet and it has worked fine for the past several years. It insists that I should connect to it via the app to resolve the occasional minor issue, but I would always ignore those. It's starting to show its wear and it's probably time for a new vacuum. I'm not sure if I'll be able to bootstrap one without connectivity, nowadays. Any good recommendations out there?
Valetudo is the best out there. I rooted my Roborock, and connected it my home assistant. It's super useful without having to send data to the cloud. The only thing is the developers are severely limited by how many vacuums they can support. I recently bought a Dreame X50 and it's still not supported.
> Google Cloud revealed Tuesday it has lined up about $58 billion in new revenue over the next two years as it vies to become a more central component of the tech giant's future.
> The company said during its July earnings that the cloud division had surpassed a $50 billion annual revenue run rate. Google Cloud's backlog of non-recognized sales contracts is growing even faster than its revenue, unit chief Thomas Kurian told investors at the Goldman Sachs Communacopia + Technology conference.
Yes, a move in the global share of mobile phones a few percentage points from apple ecosystem to google ecosystem is even more important now Ai is the denominator in every valuation.
I think the long and the short of it (place your bets) is that it could be perceived that Apple has lost its foothold on this ever-important (tm) share of the AI marketplace, whereas Google is happily integrating Gemini into all of its services, in a way that is actually functional / useful, with the most obvious entry point being its own Pixel hardware. They just dodged a regulatory bullet, partly due to AI competitiveness, but maybe they're not going to be on the whipping end of that sea change, after all ...
One small disagreement - the most obvious entry point is one of the 3.5 billion android devices in the world (against apples 1.5b)
The relatively small changes in share price (~ -2% vs +2%) is likely just some optionality coming out of the respective company valuations for the small probability apple announced something big like Ai that works or a $400 phone for the mythical people who don't live in silicon valley and make 7 fig salaries.
As someone who is actively migrating from HCP Vault Dedicated to self-hosted OpenBao, thanks for this update. Any CVE issues worth tracking / linking here?
Since HashiCorp and OP did not opt to disclose to OpenBao, the most authoritative source right now is HashiCorp's security tracker, linked down-thread: https://news.ycombinator.com/item?id=44821779
Every family is dual income now, so every family needs to find something to do with their kids once school lets out. Growing up in the 80's most families around were single income and kept kids at home over the summers. As a result, kids ruled the neighborhoods, bouncing around between houses all day, where there could be some reasonable expectation of peripheral oversight. Now, everyone is min-maxing camp schedule to ensure there is child oversight during working hours, and the neighborhoods are empty.
We decided to break from the trend and return our kids to more of a free-range kid paradigm, risking the disruption to our working schedules, this year. It sounds good in theory, but you are left with the realities of every other child friend being wrapped in camp schedules, as well. It took a lot of proactive discussions with other parents to convince them to keep their kids at home and accessible. But you're still left with the dual income problem, so you find yourself hiring a sitter to oversee and shuttle.
The result is an improvement over the 100% booked compartmentalized camp situation, but without the same level of independence that I experienced and have come to credit with really advancing my own personal development as a child.
By BLS statistics, 50% of married couples today both work[1], which is the same as it was in 1978, and lower than it was for most of the 80's and 90's[2]. There are some caveats to those statistics. They cover all married couples, including retirees, and there are more retirees today than in the 80s. It also doesn't differentiate between full-time and part-time work.
However, it does show that the majority of families were already dual-income by the 80's. The trend away from supporting a family on a single income started much earlier than that.
Anecdotally, all my friends in the 80's and 90's had both parents working, and we still got together to play all the time, either in the neighborhood for nearby friends, or dropped off for further ones.
I second this. "Little Bill" was portrayed in such a way, that as a viewer, you are pulled between rationalizing and condemning his actions. Fantastic movie with superb acting on Hackman's (and truly, every other actor's) part.
