Friend-shoring Enthusiast
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Joined April 2013
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In regards to this situation, here's the 10 commandments I use to remain sane:
1. Understand Secular trends
2. Don't fight the nature of the beast
3. Money is about security & freedom
4. Protect your health at all costs
5. Life is a meme and there isn't a fairness barometer
Leaked staff survey results from Goldman Sachs (cannot vouch for veracity but are being shared online). drive.google.com/file/d/1jye…
Beyond bleak.
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🇷🇴 You can find 19 countries represented in Timișoara, Romania, from neighboring Serbia and Hungary to Mexico and South Korea. Most of their consular offices are clustered around the city center. A surprisingly international map for a city far from any capital.
EU fashion pro tip: No brand has suffered as much enshification as Hugo Boss.
No matter which line you go, whether it's the entry level ones such as Hugo, the "premium" BOSS line -- all have had a large drop in quality.
You're paying 250 euros for something made in Bangladesh
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150 years ago the most advanced societies on the planet were killing whales just to make better sources of light. Now we're debating how smart can we make products that started off as sand
The prosperity humanity is going through is unprecedented, a blessed time to be alive.
I won't give into the doomer stuff because while I know the landscape is likely to change in ways that are bad for some, we are heading into the future only described in science fiction. At some point a future where you enter some pod and a bunch of robots repair you at the atomic level. Oh lost a finger? no worries, step in the pod.
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No region of this world is as destined to be a permanent middle income society as LatAm.
Just enough human capital to show promises for a greater future luring in investors, though always to be pulled down by the median.
However never so little that society falls into disarray
Western European Corruption: We will not allow you to build anything to protect our existing RE portfolio
Eastern European corruption: We will build more units than usually allowed to sell more.
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The only way you can have a well functioning real estate market:
1. No Rent control
2. No NIMBY'ism
3. Easy pathway to kicking out bad tenants
Anything else creates various bottlenecks along the way
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No, the actual lesson is to perform your actual duty in life, which is looking after and being there for your wife & kids. Be a sovereign pillar in your own community.
Not to become an obedient pawn for powers who tricked you into believing their nonsense
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My controversial view is that Brexit was the singular smartest and most prescient decision made democratically by a European nation since the 2010s.
It failed miserably because the UK politicians utterly betrayed every want of its people, not because the act itself was wrong.
By 2016s, all of the worst excesses of ultra-liberalism were fully showcasing themselves in the EU, open borders, climate hysteria, an increasingly anti-business regulatory environment. The desire to seperate yourself from these policies forced upon you by radicals in Brussels was the objectively correct one, especially now having seen what transpired in Europe since.
Yet British politicians went the complete opposite direction and squandered a once in a lifetime opportunity.
People wanted less migration -> Migration dramatically increased, especially from the third world
People wanted less regulation -> Bureaucracy also dramatically increased, much worse than the EU itself
My view is that Brexit was a somewhat costly mistake (and I opposed it at the time as well) but I am unsettled when I speak to "elites" in Britain who are totally fixated on it as the source of our problems, and reversing/undoing it as the solution.
I've had more than one experience over the past few weeks that has given me the impression that many people who run the country or influence those who do believe that Brexit is the silver bullet. I think that's totally wrong – the country's inability to build housing, infrastructure, or cheap energy supply, along with the country's now very high levels of tax and govt spending, are much bigger problems for growth.
If anything, AI may mean being outside the EU ends up being quite a good thing, despite the costs so far. Avoiding the EU's AI and data regulations is valuable, and these will probably only get worse. And Britain now has a greater possibility of getting inside the American "tent" and get preferential access to frontier models that most countries cannot get, if that ends up being important.
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The French protests are indicative of a broader trend of the West becoming increasingly difficult to govern. Decades of low productivity growth, poor demographics, and unsustainable promises to retirees have been papered over by deficit-funded fiscal policy.
But what can't last, won't. And with bond markets rebelling, there isn't a clear way for politicians to meet voters' rising expectations within tighter fiscal constraints.
Politicians get elected by making promises that fiscal reality prevents them from fulfilling. When those promises disappoint, voters swing to the next party offering new pledges. Eventually, people tire of the whole system, and take their frustration to the streets, demanding what government no longer has the ability to give them.
Pursuing a scholars of Theology that you've invented new sentient beings is as close as one can get to the Biblical definition of Blasphemy and the portrayal of the Anti-Christ
Really unbelievable the Anthropic team sought both Rabbis and Priests to accept this view
Note well, apparently Anthropic tried very hard to get the Vatican to alter the text of "Magnifica Humanitas" just prior to its release so that it would not deny AI personhood.
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France has a very large permanent underclass group of people, but because they never leave the country, their nation isn't associated with them.
You think of the French by their high performers. Compare that to Romania's case, the gypsies, who are famously migratory thus they have much more of a say in how the country is perceived.
I wonder if or when this will also occur for the Western European nations who engaged in mass third world migration. Will the idea of the average Belgian or Frenchman still be of the civilized native?
Found this old photo of a Nokia 6300 certificate.
What a time that was in 2007. Europe was making top of the line phones which were manufacturer between Finland, Germany, and Hungary.
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For comparison there was an identical project done in Romania. Railway on top, 2 lanes on the bottom with the whole structure needing an extension & renovation.
''Pasaj Jiul'' in Timisoara took 1 year and 6 months, cost 5 Million Euros. It also extended it to 5 lanes.
But of course if you follow the ''official data'' the UK is a low corruption country whereas Romania is a hopeless land. As @MacroJason says, bearish ''rule of law'' countries
Cars and buses go from Oxford Station down Botley Road for the first time in three years!
The project took longer than the construction of The Titanic and saw costs balloon to £237m.
Looks good though.
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