I wonder if in the future universities should raise these funds as insurance when the interest rate environment is much better. Stanford got a steal on bond issuances (like 1%-2% or something) a few years ago. I bet these are probably 6-7% or something?

Can you send me an email?

It is quite a shame. Most of Tesla is owned by schoolteachers, janitors, nurses, government employees, etc. Further, given the poor performance of GM/Ford/Lucid/Rivian (and the disinterest of Toyota), this was a good bet for an electric car future (particularly since current gvnt won't invest)

Although it is true that if the Dems did not have knife-edge wins in Georgia, Nevada, and Michigan, this would look a lot worse. I agree that if you just look at the presidential vote share, it does have an R bias, but maybe that is just a Trump thing.

Yeah, this is too long for social media, but there are LOTS of flaws with that blog post. The Senate's malapportionment has massive demographic biases, but the partisan biases are probably not as big as people make them out to be, mainly due to recent pop declines in blue states.

If you look at the last 3 Senate elections that produce the current body (2020, 2022, 2024), it looks like GOP has slight majority of votes, so 53-47 doesn't seem that out of line with a seats-vote curve. Very complex because of general equil, uncontested seats, etc.

Well, the costs also fell, and I think the revenue fall has to do with its moderation policies, not its headcount. Meta stock price skyrocketed after the layoffs and they didn't see advertisers leave. Basically, Elon overpaid for a bad business, but it was bad before Elon bought it.

Great paper. Seems in line with this other paper on the "subversion dilemma": aletheia-platform.netlify.app/publication/...

They are drawing the wrong lessons from X/Twitter. The story of Twitter (which Meta and SV generally copied) is that you can fire 90% of the low interest rate workforce and the product basically works. That doesn't apply to fed gvnt.

In the 1990s, three African American women won Album of the Year: Natalie Cole, Whitney Houston, and Lauryn Hill. This is the first since 1999.

"I hereby pardon Elon Musk for all and any crimes that could have been committed from 2005 to the present" (Dec. 2028)

I am asking a literal question of what it means to "cut off federal tax payments." I'm sure there are ways for "states to react" but I have no clue what "cut off federal tax payments" means.

I have no clue what that means. The state of California doesn't send a check or tax payment to the federal government. Wealthy CA taxpayers individually contribute to federal tax receipts. Are you suggesting that Newsom convince residents to risk prison and not pay their federal taxes?

I actually think Ds don't have structural problems (but maybe I'm in minority). Counterfactual question: If Trump was killed, who would have won the election? I think the Dem candidate (may have been Biden), because Trump is just such a unique rock star in that party.

You might also be interested in reading the work of Andrew Noymer. He is a Covid hawk and very pro lockdown. He believes in lab leak, and thinks that Fauci purposely started calling for the end of lockdowns once the "gain of function" emails were released.

You could also reverse your question on the flipside. Why were the Covid hawks so insistent that Covid did not come from a lab? Somehow criticizing a research program funded by white scientists is "racist" but saying that it came from a market is "not racist"?