Buses running between full on stations are faster than buses that comprise the network edges. Because the core of the network is focused on capacity. Buses that meander around to provide coverage, minimize walking, and stop every other block are really slow. Like 6 MPH end to end, no faster than riding a bicycle! Do we want a bus network to compete with walking/biking or with driving downtown?
Mass transit systems generally reduce anti-social behavior with either fare gates or heavy policing. For whatever reason, when you crack down on fare evasion you filter out a lot of troublemakers.
The CEO reads the WSJ and their McKinsey report and says “We must leverage AI to keep up and accelerate innovation!” Each division’s executive vice president sets a current year goal to use AI to increase productivity and simultaneously decrease cost. The VPs below them are given a goal to increase their department productivity by 30% by the end of Q3. The middle managers require line managers to train all individual contributors on AI (specifically LLMs) by the end of Q2 to get their bonus. Line managers email their direct reports links to LinkedIn courses and set a deadline by the end of Q1. When the end of the year comes AI has not raised productivity by 30% and AI spending has increased costs. To make Wall Street happy 10% of employees are laid off.
For decades the economic planners of the west have used the most effective tool at their disposal: the business class inflight magazine. Only recently surpassed by the VC telegram group chat.
Instead of fixing the leaks in the plumbing we're just increasing flow rate at the top of the system. Right now the medical-industrial complex is a business that happens to provide medical services as a byproduct.
Fee for service encourages more medical intervention. It makes break-fix work more profitable than trying to address root causes. Each layer and sub-sector is for-profit. The supply of physicians is capped. Vertical integration can reduce the double margin problem. Specialists are paid more than general practitioners. Surgeries make more money than non-surgical treatment.
People expect someone else (their employer, the government, the rich) to eat the cost of healthcare. Third party payment makes patients price-insensitive. People unironically expect a cure for death. Drugs and medical devices are expected to be perfectly safe. Americans lead unhealthy lifestyles. Soda is the default drink in cafeterias and at parties. Car culture and car only infrastructure promotes physical inactivity. Kids are not allowed to roam. When there was a push to promote healthier school meals there was immense pushback.
This article basically says “yeah social security is not solvent and we probably won’t have a solution any time soon, and if we do have a solution it will be bad, but just don’t worry about it bro.”
I came to a different conclusion. That you should expect a 25% haircut through a combination of benefit cuts, tax increases, and not keeping up with inflation. That's bad, but Social Security is not going to entirely implode.
That’s the recommendation in the conclusion, and probably the advice I’ll follow because I don’t really have a better idea. Need to strike a balance between optimism and pessimism.
With the MRT not having a car is not bad. Paying 100K SGD for a Certificate of Entitlement (10 year car registration) is definitely a rich person move. Good point on the underclass and labor conditions.
That plan works until it suddenly doesn't. When it doesn't it's catastrophic for your finances and your health.
If you have an extra couple million dollars above and beyond your regular retirement fund you could self-insure your medical costs. But then you could just buy the health insurance.
Medical expenses are less expensive when you don't have insurance. Insurance is just for catastrophic events, if you do some regular risk analysis you can come to a balance that works for you. If you know a major medical expense is imminent then get the insurance. Most procedures don't happen immediately anyway.
That’s not how insurance works even with the ACA. You have open enrollment is the only time you can get insurance on the open market. Good luck if you find you have a major medical issue right after open enrollment ends - which the Republican administration has shortened and you have to wait 9-10 months.
Buses running between full on stations are faster than buses that comprise the network edges. Because the core of the network is focused on capacity. Buses that meander around to provide coverage, minimize walking, and stop every other block are really slow. Like 6 MPH end to end, no faster than riding a bicycle! Do we want a bus network to compete with walking/biking or with driving downtown?
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