Elon Musk and Vivek Ramaswamy to Lead Department of Government Efficiency (DOGE)
cnn.com
cnn.com
Absolutely no conflict of interest, between this and SpaceX. You can bet that he will try to cut grants and any programs designed to boost competition in rockets & space.
1) Doesn't like poor immigrants, considers them a net drain on national resources. 2) Believes that the profile of a desirable immigrant is Educated, English Speaking, Westernized (As far as American civics/ideals are concerned). 3) Doesn't think Americans are culturally capable of upskilling and retooling to bring back the semiconductor industry.
So given the above. What does his appointment spell for the tech industry. Do we expect an uptick in H1b-visa workers? Are we onshoring the semiconductor industry in the US?
Also primary source (interview): https://www.nytimes.com/2024/10/29/opinion/ezra-klein-podcas...
I’m not sure DOGE is successful but the concept of creating a program where the goal is to delete itself by accomplishing a specific mission by a specific time is great.
"As the first order of business, this commission will develop an action plan to totally eliminate fraud and improper payments within six months."
Could be legit, or could just be a report that is filed away. I suspect that is the reason for an extra-governmental agency. If they do something good, great, if not, easy to fire them.
[1] https://en.wikipedia.org/wiki/Government_Accountability_Offi...
http://www.alexandraerin.com/2015/05/fiction-the-redundant-m...
Is that so? You mean this AP release from today is fake [1]?
>BUENOS AIRES, Argentina (AP) — Argentina’s inflation slowed to 2.7% in October, the lowest level in three years in a win for the libertarian government of President Javier Milei who came to power almost a year ago promising to pull Argentina out of a dire economic crisis.
[1] https://apnews.com/article/argentina-inflation-milei-economy...https://reason.com/2024/10/11/argentina-ended-rent-control-g...
Afuera!
> I've reported on a similar situation in San Francisco, which has more than 52,000 vacant units. Many owners would rather keep them empty than rent them out under the city's rent-control terms
So it's just a bunch of oligarchs owning far more land and buildings than they should withholding supply artificially. Then they can artifically ease off of it to make things look better for their preferred candidate even though rent prices aren't that much better. Even the article admits rent prices are still going up year over year, it's only when adjusted for inflation that it looks slightly better (which, also ironic given that his policies seem to have sharply raised inflation). So your average person still gets fucked.
Without rent control, my friends and I could not afford to live in SF. It’s one of the only things keeping the city from being completely captured by the wealthy.
"When he was elected" (December 2023) he came in on the November 2023 annual inflation rate of 160.9%.
At the end of December 2023 the annual inflation rate was 211.4%
From the AP News link:
On an annual basis, inflation in October (2024) was 193% compared to 209% reported in September (2024).
As a chart, see: https://tradingeconomics.com/argentina/inflation-cpiand select time frame of interest, 1YR is tight, 3YR shows the rise and fall.
The inflation rate is headed toward the 'low' of November 2023 but hasn't quite yet descended there yet.
as pgdozin and defrost explained, annual inflation was around 160% 1 year ago and now is 193%.
>How is it going so far? If we were giving out report cards, Milei’s tenure would get a B+ to A- grade. Unusually for Argentina, the country has been running a fiscal surplus since the beginning of the year, inflation is down substantially, but the economy is not yet displaying clear signs of a recovery. However, inflation has come down not just because the fiscal accounts have been turned to a surplus, but also because the economy is in recession and the currency is appreciating in real terms. https://globalamericans.org/explainer-mileis-economic-progra...
I'd say reasonably well given the problems in the country. The US is a very different situation.
I just don't understand why it's so hard for people to stay on top of trump's platform.
Starve the beast has been a republican strategy for decades. It doesn’t mean lower spending or financial prudence. It means starve the government programs you don’t like because they conflict with your ideology.
Note that trillions of dollars of spending on weapon systems is off the table. Things like the Abrams tanks the army doesn’t want or need. The trillion dollar boondoggle of the f35 1.7 trillion to upgrade nuclear weapon systems (the only purpose of which is to eliminate all human life)
This will be the biggest shit-show our country has ever seen. It’ll be an austerity program run by insane ideologues. We’ll be luck if it’s just a joke. But it’ll probably lead to a recession by July of 2025.
DOGE?
Of all things?
Such pork-barrels. Much wow!
( https://duckduckgo.com/?t=ffab&q=dogecoin&iax=images&ia=imag... )
Doesn't it depend on how you pronounce it? Over here, we pronounce it 'doge'.
Because Musk thinks it's funny.
Cost-plus is garbage.