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Cake day: August 14th, 2023

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  • leftist themed nujob conspiracy mill

    The Republican party is ripe for conspiracy theory targets.

    Epstein had close ties with Trump and his attorney general Bill Barr (whose father hired Epstein to teach at a prestigious private high school without a college degree, where he was known for ogling the high school girls and showing up to parties where underage drinking was happening). The waitresses and hostesses at Trump’s Mar a Lago were also regularly recruited to work at Epstein’s island. Alex Acosta, the federal prosecutor who agreed to a secret plea deal where Epstein served a slap on the wrist in a local jail instead of real prison was later elevated to Trump’s cabinet, as Labor Secretary.

    Now, Trump has named another child sex trafficker as his nominee for Attorney General.

    There are suspicious ties between the Saudi royal family and key members in Trump’s orbit, including his son in law Jared Kushner. Elon Musk has been doing sketchy shit with the Saudis and the Russians, as well. Basically everyone in Trump’s circle, including his nominee to be the director of national intelligence, has shady ties with foreign adversaries.

    There’s lots of other little things about financial profiteering by the Trump folks: an SBA COVID bailout that went to huge businesses, a move to privatize or sabotage the public postal service and the weather service to help the private competition, arbitrary or politically motivated regulations to help certain businesses while hurting others, etc.

    I mean, it really wouldn’t be hard.



  • There’s been some reporting that Musk’s Super PAC has been paying its workers so well that it’s poached a bunch of the volunteers from the official campaign, and is so poorly run/audited that a lot of the workers are entering false data into the canvassing reports to qualify for bonuses. If that turns out to be true, then it will have been the case that Musk is burning his own money while hurting the Trump campaign.

    I’m not ready to call the race, but stories like this at least reassure me that for Republicans, they’re not sending their best.



  • was in charge of the prison where he died

    Technically the president delegates that to his Attorney General, who in this case was the son of the guy who first hired a totally unqualified Epstein (21 years old, no college degree) to be around high school age kids, where he was known for ogling girls and somehow showing up to student parties where there was underage drinking.

    And some blame lays with the prosecutor back in 2008 when Epstein was first charged for sex trafficking and sexual assault, who decided to let Epstein agree to a secret plea deal for only 13 months in county jail (which is really weird for a federal prosecutor to let happen), who, oh wait, was then rewarded by becoming a cabinet official for Trump.


  • Yeah, evolving lungs ended up clearing the way to make use of the much more plentiful oxygen in the air compared to what is dissolved in water. Amphibians and reptiles have pretty low metabolisms, but birds and mammals basically evolved endothermy (aka warm bloodedness), probably in support of much higher muscular power output. Ectotherms (aka cold blooded animals) have metabolisms that are correlated to temperature, which means they can’t exert themselves as well when it’s cold. Endothermy allowed animals to be warm all the time, and therefore use higher muscular power output in any environment, especially sustained.

    That means mammals and birds were able to cover more distance, and survive in places where reptiles and amphibians can’t, and all the advantages that carries.




  • Upfront costs are expensive. But operational and fuel costs are very low, per MWh.

    So take the upfront costs at the beginning and the decommissioning costs at the end, and amortize them over the expected lifespan of the plant, and add that to the per MWh cost. When you do that, the nuclear plants built this century are nowhere near competitive. Vogtle cost $35 billion to add 2 gigawatts of capacity, and obviously any plant isn’t going to run at full capacity all the time. As a result, Georgia’s ratepayers have been eating the cost with a series of price hikes ($700+ million per year in rate increases) as the new Vogtle reactors went online. Plus the plant owners had to absorb some of the costs, as did Westinghouse in bankruptcy. And that’s all with $12 billion in federal taxpayer guarantees.

    NuScale just canceled their SMR project in Idaho because their customers in Utah refused to fund the cost overruns there.

    Maybe Kairos will do better. But the track record of nuclear hasn’t been great.

    And all the while, wind and solar are much, much cheaper, so there’s less buffer for nuclear to find that sweet spot that actually works economically.



  • One of the great sins of nuclear energy programs implemented during the 50s, 60s, and 70s was that it was too cost effective.

    I don’t see how any of this has any bearing on financial feasibility of power plants.

    For what it’s worth, before the late 90’s there was no such thing as market pricing for electricity, as prices were set by tariff, approved by the Federal Energy Regulatory Commission. FERC opened the door to market pricing with its Order 888 (hugely controversial, heavily litigated). And there were growing pains there: California experienced rolling blackouts, Enron was able to hide immense accounting fraud, etc. By the end of the 2000’s decade, pretty much every major generator and distributor in the market managed to offload the risk of price volatility on willing speculators, by negotiating long term power purchase agreements that actually stabilize long term prices regardless of short term fluctuations on the spot markets.

    So now nuclear needs to survive in an environment that actually isn’t functionally all that different from the 1960’s: they need to project costs to see if they can turn a profit on the electricity market, even while paying interest on loans for their immense up front costs, through guaranteed pricing. It’s just that they have to persuade buyers to pay those guaranteed prices, rather than persuading FERC to approve the tariff.

    As a matter of business model, it’s the same result, just through a different path. A nuclear plant can’t get financing without a path to profit, and that path to profit needs to come from long term commitments.

    It can take over a decade to break even on operation, assuming you’re operating at market rates.

    Shit, it can take over a decade to start operations, and several decades after that to break even. Vogtle reactors 3 and 4 in Georgia took something like 20 years between planning and actual operational status.

    Now maybe small modular reactors will be faster and cheaper to build. But in this particular case, this is cutting edge technology that will probably have some hurdles to clear, both anticipated and unanticipated. Molten fluoride salt cooling and pebble bed design are exciting because of the novelty, but that swings both ways.


  • I still think it’s too expensive, and this contract doesn’t change my position. Google is committing to buying power from reactors, at certain prices, as those reactors are built.

    Great, having a customer lined up makes it a lot easier to secure financing for a project. This is basically where NuScale failed last year in Idaho, being unable to line up customers who could agree to pay a sufficiently high price to be worth the development risk (even with government subsidies from the Department of Energy).

    But now Google has committed and said “if you get it working, we’ll buy power from you.” That isn’t itself a strong endorsement that the project itself will be successful, or come in under budget. The risk/uncertainty is still there.


  • Bottom line: There’s no data right now that suggests a significant shift in the electoral college advantage for 2024.

    There’s a ton of uncertainty in the data now.

    2016 and 2020 polls missed Trump popularity, and about 2/3 of pollsters have decided to use recall vote weighting (that is, making sure that their sample is representative of the vote ratios in the actual 2020 results). Historically, that method has overstated the previous losing party’s support (people are more likely to remember voting for the winner, so reweighing the results the other way ends up favoring the loser), but 2 presidential elections in a row have caused some pollsters to try to make up for past mistakes. Then again, does Trump himself being on the ballot change things?

    Throw in the significant migration patterns of the pandemic era where many voters might not be voting in the same state that they were in 2020, and increasing difficulty at actually getting statistically representative poll respondents through spam filters, and there are real concerns about poll quality this year, perhaps more than previous years. Plus ballot access being uneven also might translate to actual voting biases that aren’t captured in the polling methods, either.

    I just wouldn’t trust the polls to be accurate. Volunteer and vote.


  • I agree with your general view that it’s not actually time to relax.

    But I will point out that you can’t just assume the electoral college advantage stays the same from election to election.

    Biden won with 4.5% more of the national vote. Harris currently is polling at about half that. In the EC, Biden won by only 78,000 votes despite his large +4.5% popular vote lead.

    In 2020, Biden won by 4.5% in the popular vote, but he won the tipping point state of Wisconsin by 0.6%. In other words, the electoral college was worth roughly a R+3.8% advantage in 2020 (yes, 4.5% minus 0.6% is 3.9% but when you use unrounded numbers it’s closer to 3.8%).

    Is 2024 going to be the same? Probably not. The New York Times ran an article about this last month, and the tipping point state in the polling was Wisconsin, where Harris was polling at +1.8%, only 0.7% lower than the national average at the time of 2.6%. The article noted that national polling has Trump shrinking Harris’s lead in non-competitive blue states like California and New York, or expanding his lead in places like the deep south, while not gaining in actual swing states compared to 2020.

    Note, however, that as of today, Harris’s lead in Wisconsin has shrunk to just under 1%, so we are seeing a shift towards Trump in the actual electoral college.

    Right now, Harris is showing a lead in the national polling averages, by aggregator:

    • 538: Harris up by 2.4%
    • NYT: Harris up by 3%
    • 270towin: Harris up 2.5%
    • Nate Silver: Harris up 2.9%

    It’s a close race, according to the polls. But whether the polls are actually accurate remains a huge unknown. So everyone should vote, and those with the means should volunteer.


  • Enshittification isn’t always driven by a conscious person or organization with an agenda, much less one with an agenda of short term financial gain. Sometimes the aggregation of a bunch of individual decisions causes something to get shittier. Or better. Or just different. 4chan is not at all like it was 20 years ago, but it wasn’t because of corporate influence. The culture just changes.

    So if the question is whether the fediverse might someday suck, I think the answer is probably yes. It remains to be seen how it will suck, who will have caused it to be that way, and whether there will be other nice things about it.


  • But some who has earned a penny in interest has spent time as both worker and owner.

    I’m not talking about people who only make a small amount of interest or investment return over the course of their lifetimes. I’m talking about people who are already unambiguously middle class (between 25th and 75th percentile incomes), who end up relying on investment income to provide most of their retirement expenses.

    I’m talking about people with half million dollar 401(k)s that return hundreds of thousands over the course of a retirement. Some of it is principal but most of it is gains/return/interest.

    Basically if you’re able to retire in America, you’re an “owner” for those decades. Yes, there are people in America who can’t afford to retire, but most people in the middle class can.

    Also, its not the conventional way. You 100% made that up and what you’re describing is petite bougouise.

    Defining the middle class as middle incomes is pretty conventional. I think you’ve misunderstood my description of the middle class (people who fit the definition generally have income from both work and from investment) as a definition.

    So let me be perfectly clear:

    1. The American middle class, defined as those with middle incomes, earns significant amounts of money from both wages/salaries for their work and on return on their investments, especially in their primary home (with a 60+% homeownership rate) and retirement accounts (401(k)s, IRAs, 403(b)s, even multi employer or government pension funds that are paid for through investment in publicly traded securities).
    2. The worker versus owner definition you proposed near the top of this thread is insufficient to describe class, because of the large, large number of people who rely on both and could not support their existing lifestyles without both.

    And hey, I was gonna let it go but it’s clear your autocorrect has now adopted it as a new word it will happily let you spell wrong repeatedly: it’s spelled petit bourgeois, or petit bourgeoisie for plural.


  • The median net worth of a 65-year-old in the United States is about $390k, so the income it produces is generally a modest supplement to social security. At the 75th percentile, which is also generally considered middle class, net worth is about $1.1 million and easily enough to provide a comfortable retirement lifestyle.

    The idea that someone is middle class because they’ve earned a penny in bank interest is absurd.

    No, the idea is that the middle class (defined in the conventional way) spends time in both the “worker” category and the “owner” category.

    The ordinary middle class pathway is to work for 30-50 years and then retire on their savings (or a defined contribution retirement plan) or to rely on a defined benefit pension fund that is itself invested in securities, aka capital. This is the baseline expectation of retirement planning for the middle class in the U.S.: the investments/savings provide the cash to live on, while ownership of the primary residence shields the retiree from certain housing costs, or can provide cash flow through a reverse mortgage.

    Through the power of compounding, a 40+ year savings plan generally increases its value over time so that the vast majority of the value comes from return on investment rather than invested principal.

    If you want specific calculations, we can do that to show that the typical middle class path takes in more than “a very small amount” in their retirement savings/investments.

    Or are you planning on coming back with a load of caveats

    These details are obvious from my first comment in this thread, that the middle class in the United States works its way into an “ownership class” in time for retirement, through savings/investment. That’s exactly what I meant in that comment, and spelling it out makes it pretty clear what I meant at that time, and that I haven’t shifted my position in this thread.


  • Its not my definition. Its a different school of thought that has stood up to scrutiny. It is different to what a lot of people would refer to as middle class and, of course, different again from what you, personally describe middle class to be.

    I’m specifically pointing out the problem with the “how they earn income” definition, that it seemingly assumes that the two categories are mutually exclusive, to try to argue that there’s no such thing as a middle class They’re not. Most people who are in what most would recognize as “middle class” under the traditional definition get income through both methods, especially over the course of their lifetimes.

    So even under that definition, which attempts to pretend there isn’t a middle class, there is still a middle class: those who have income through both methods, or even hybrid methods (ownership of an actively managed business that allows them to earn money while working but wouldn’t earn money without their own labor).


  • Middle class generally means people whose incomes are in the middle half (ranging from 40th to 60th percentile to the 20th to 80th).

    If you want to pull out your own new definition based on whether their income comes from work or from return on investments, then I’d still point out there’s a large number of people who do both, especially when compared across the entire life cycle including retirement. So if you insist on this alternative definition, you still have to account for the big chunk of the population who do both.


  • If you work for your money, you’re part of the struggle. If you own for your money, you’re part of the problem.

    But the middle class is those who are able to leverage working for their money to accumulate capital to where they can live off of the proceeds of that owned capital. If you’re able to retire, you eventually become part of the ownership class.

    There is a shrinking middle class but the actual people in it are those who split their adult lives into eventually retiring on their wealth, accumulated through working.