Miscellaneous News

pevade said:

Bitch I have eyes you know. I can count how many there are in my class.

Click to expand...

If you ever wonder how someone can spend literally the entire day arguing with people online about every topic there is out there, just remember the US is literally spending $300 million on bots and propagandists online. This is a paid profession for some of them.

Just block him and move on like I did.

pevade said:

Bitch I have eyes you know. I can count how many there are in my class.

Click to expand...

So did these people

“When 25 percent of the images in the grids were of Black people, white participants estimated the proportion of Black faces to be 43.22 percent, and Black participants put it at 43.36 percent. When 45 percent of the images were of Black faces, white participants estimated the proportion of Black people at 58.85 percent, and Black participants thought it was 56.18 percent.”

chgough34 said:

US net international migration is net positive, including of investors and skilled professionals.

Click to expand...

Not many countries let you launder drug and tax evasion money as freely as the US does, but still doesn't do anything for an actual functional economy and industry not reliant on printing money, bubbles in Wall Street and pump-n-dump ponzi schemes.

chgough34 said:

what’s particularly revealing is that during America’s industrialization - wealthy American businessmen were not all scrambling for the exits, looking to buy British property and German stocks

Click to expand...

Man, its almost like the world between the 1890's and 1920's was completely different. Thing is, pretty sure the industries, tech bases and most of the knowhow did leave the US, which is why you can't even build a chip factory in the US, even with free government money.

chgough34 said:

yet wealthy Chinese businessmen of all stripes and even upper-middle class Chinese families are all scrambling for foreign greencards, foreign real estate, foreign equities, and scrambling to migrate

Click to expand...

While still retaining their assets in China, plus the industries are still staying put. I mean, with your logic, when vultures arrive to pick up the remains of a failing third world country by buying cheap real estate, failing corporations, etc. it means they are doing great, actually, right?.

chgough34 said:

If China was actually on the technological frontier, it should be able to export every manufactured HS line also exported in at least the Euro Are

Click to expand...

Is this before or after the EU stops playing protectionism with whatever little industry they have left? Lol.

Now, tell me, how does that fits with increased usage of Chinese trains in the US rapid transit systems?.

chgough34 said:

https://twitter.com/i/web/status/1833071148130607288

China competing with 40% of Euro-area exporters on a product-to-product basis points to China today existing very much as a technological laggard

Click to expand...

False attribution.

By that logic, top EU exports to the US are vehicles. That means the US needs imported EU vehicles because it's better than what the US can produce and thus the US is a severe technological laggard in vehicle manufacturing.

The fact that US imported 700$ billion form the EU mostly in vehicles and pharmaceutical products and machines, indicating that the US really is slipping in trying to keep up with technological products and no longer is on the tech frontier in those areas.

chgough34 said:

And especially for a cohort everyone imagines: the college graduate with a decade out of college, they modally live riskless lives in the suburbs with stable employment as far as the eye can see. Like the general meme of “oh actually U.S. income is shared among very few people” gets to the level of lunacy when it’s “oh, meet bob, a sales manager for the Manitowoc Company, who lives in West Allis with his wife, a nurse practitioner for Aurora Health - both in their 40s clearing 130K a year and whom they met when they were students at UW-Milwaukee”

Click to expand...

Say in China there is a husband who is a senior salesman who earns 20K RMB per month and his wife a senior nurse who earns 10K RMB per month. Their household income would be approx $50K. Are the American couple nearly two and half times more productive than the Chinese couple. Try to answer without being argumentative or spurious.

chgough34 said:

The lowest state, Mississippi has 1 in 5 households making over 100K. It’s just a simpson’s paradox: high cost of living states have more 100K earners as a relative share of the population but most 100K earners do not live in high cost of living states (and even ignoring the cost of living silliness where the costs are largely the same across metro areas outside of housing costs, which are a moot point for high income families since they pay fixed rate mortgages).

Click to expand...

The graph shows percentage of households in that state making that number. It literally shows that most high income families are in high cost of living states. Are you saying the population of California and and new York are smaller than Mississippi? So 40% of households in California is actually numerically less than 20% of household in Mississippi? You're more coping so hard, it feels basic mathematics.

MortyandRick said:

False attribution.

By that logic, top EU exports to the US are vehicles. That means the US needs imported EU vehicles because it's better than what the US can produce and thus the US is a severe technological laggard in vehicle manufacturing.

The fact that US imported 700$ billion form the EU mostly in vehicles and pharmaceutical products and machines, indicating that the US really is slipping in trying to keep up with technological products and no longer is on the tech frontier in those areas.

Click to expand...

Nope. The U.S. is a large exporter of autos and pharmaceuticals so it doesn’t disprove anything. Instead - trade in complementary products is done because with capital intensive industries - like pharmaceuticals and vehicles, there are increasing returns to scale, that is, amortizing a larger number of unit production means you reduce the average cost of production due to high fixed costs. Trade thus makes the market size larger for all products - especially so for those items since you can only sell so much in one market, and what’s even better, you get more consumer choice with trade. More types of vehicles, more types of pharmaceuticals, etc: all at lower prices absent trade

sndef888 said:

If you ever wonder how someone can spend literally the entire day arguing with people online about every topic there is out there, just remember the US is literally spending $300 million on bots and propagandists online. This is a paid profession for some of them.

Just block him and move on like I did.

Click to expand...

Unemployed Jai hind!!

lube said:

Some people argue that the rest of the world is leeching off the United State's simply unstoppable medical research that's decades ahead of the next country and forces world-beating US companies with unbelievably good leadership to sell medicine for cheap overseas, so people around the world can afford healthcare at a lower income instead of dying earlier like incredibly wealthy and well-off US citizens. /s

Click to expand...

In a lot of cases those drugs were not invented in the US. The active principle was discovered elsewhere. The US just funded the large scale trials to make them be accepted by the regulators and maybe financed their mass production.

Look at the "Pfizer" COVID-19 vaccine as an example. It was initially produced by German company BioNTech. Pfizer just provided resources for large scale testing and logistics.

In most cases other countries discover the active ingredient, how to manufacture it, and do small scale tests to prove it works. US pharma just swoops in at the tail end of the process.

chgough34 said:

Nope. The U.S. is a large exporter of autos and pharmaceuticals so it doesn’t disprove anything. Instead - trade in complementary products is done because with capital intensive industries - like pharmaceuticals and vehicles, there are increasing returns to scale, that is, amortizing a larger number of unit production means you reduce the average cost of production due to high fixed costs. Trade thus makes the market size larger for all products - especially so for those items since you can only sell so much in one market, and what’s even better, you get more consumer choice with trade. More types of vehicles, more types of pharmaceuticals, etc: all at lower prices absent trade

Click to expand...

None of these have anything to do with what you were arguing about.