Marginal

Same. Personal experience shows me this is the case. During the dotcom boom of the late 1990s and early 2000s I told my friend this directly: “If you keep doing this, you will piss away all your money. You will go bankrupt and lose everything.” I did not mince words. I put it that bluntly.

A few months later, he was way overextended on margin as the NASDAQ crashed 60%. His broker did the expected margin call and in addition to losing his principal, he owed Datek tens of thousands that he did not have. He squandered everything he had and more chasing a few lousy bucks. He couldn’t even make rent. If he’d listened to me he would’ve been up well more than a hundred thousand dollars (around $200K in 2024 greenbacks).

Listening to my advice was the easy and obvious thing to do as it was clear the market was unsustainable and that being so far out on margin was dangerous. But it didn’t matter.

Runover

It looks like the future of Europe is to be a stagnant backwater where the standard of living slowly declines. It’s likely to be overrun both by Russia and by mobs of economic migrants with Enlightenment-hostile values and cultures.

My guess is that the region will deteriorate for 200-300 years and then as those mobs aforementioned and their terrible cultures cool out, it’ll flourish once again — after some brutal wars and genocides.

Good times, good times.

Siege

Especiallly since it was those poor, besiegned GoF researchers who almost certainly caused Covid. Insanity.

Runway

Jeju Air Flight 2216.

Atrocious piloting leading to mass death here most likely. Bird strike, but the plane was not incapacitated. There was what appeared to be a single engine failure. The pilot seems to have panicked and made a series of terrible and fatal decisions. Flaps weren’t lowered. Speed brake was not deployed. Didn’t attempt a gravity drop of the landing gear. That airport has a short-ish runway (2,800 meters) and even with all that, he still would’ve been ok if the runway had been longer.

My personal guess is that the pilot turned off the wrong engine (the working one) while attempting to land, in addition to all those other probable fuck-ups. It’s also likely the pilot didn’t realize the landing gear was not extended in what was obviously a panic situation they were unable to deal with.

The investigation will reveal more, but that seems like 100% pilot error to me. A bird strike with a single engine failure simply cannot cause all those problems with the triply-redundant systems on that aircraft. It is just not possible.

How U.S. Household Incomes Have Changed (1967-2023).

The 2010s are glorified by gen Z. But the โ€˜indie musicโ€™ of that era was unoriginal.

Tech worker movements grow as threats of RTO, AI loom.

Has Russiaโ€™s Shadow Fleet, Built to Evade Sanctions, Added Sabotage to Its List?

Surviving on $1,800 a Month in Social Security, She Died Looking for a Place to Live.

The Extraordinary Mrs. Shipley: How the United States Controlled International Travel before the Age of Terrorism.

Take Me To Another Useless Website.

AI Write Right

This is already happening. One of my team members did his year-end self-review. I read it (am his manager) and it seemed like it sounded AI-ish. I asked him if he’d used AI to create it and he said he hadn’t, though I know he uses ChatGPT for other things. He’s honest and I believe him that he didn’t use AI for this particular item. But the review is written in that style, likely because he has been using AI for other mundane tasks so it has lodged in his brain. I’ve also seen the same in emails from other people that I’m pretty sure were not actually AI-generated.

I do not like this.