Divine Intelligence, etc sr20250116_Money
9 snips
Jan 17, 2025 Dive into the exciting game of Plunderstorm, where strategic captains face challenges that reflect real-world issues. Discover how disasters intensify social inequalities and examine the roles of gentrification and corruption. The discussion shifts to TikTok's legal troubles amid national security worries, alongside investment strategies from Warren Buffett. Explore the oil industry amid geopolitical shifts, the U.S.-China economic interdependence, and reflections on international conflicts. Finally, navigate the evolving market dynamics and the implications of rising treasury yields.
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California Wildfires and Inequality
- California wildfires reveal deeper inequality, impacting black communities in Altadena for generations.
- Rich developers could displace residents, changing the character of the town.
Repeal of Insurable Interest Rule
- The insurable interest rule, preventing third-party insurance on property, was effectively repealed in 1999.
- This allowed for practices like credit default swaps, mirroring 18th-century insurance scams.
Defining the Deep State
- The 'deep state' thrives on government outsourcing, enriching private contractors, particularly in intelligence and military.
- This system incentivizes increased government spending and lacks transparency.