1,045 karma · joined March 2, 2024
Again, people don't understand how endowments work. When endows a specific program at Harvard, their money must be used for that program alone. The funds can't be sent to the general pool for the entire university.
There are many ways to criticize wealthy educational institutions, but calling them "hedge funds" makes no sense. Which hedge fund subsidizes their clients' expenses with donations?
1- https://projects.propublica.org/nonprofits/organizations/421...
Better to deal with a secular dictator than an elected religious extremist. Elected Islamists always crap on democracy once they're elected.
If you've never lived in a poor, corrupt, dysfunctional place, you'll not understand how bad life is that'll make someone wish to be occupied.
Of course, some weird accusations suddenly come out in such situations, coincidentally not when the money was flowing. The Swiss government hasn’t charged him with anything, so he’s innocent before the law in that case.
The issue here is between Durov and the French government. HN won’t care if he was indicted for domestic violence or something else not related to his app.
Thanks for falling easy to outrage rumors though.
They should pick a bone with their country’s government that allows such thing to happen, not Telegram.
Anyway, this seems cool tho.
You didn’t address the point though. If the issue is collusion, why haven’t landlords hiked mid-tier city rents to San Francisco levels?
Or maybe it’s simply supply and demand.
The same story applies to most booming cities, both in the first world and third world. They'll always blame "greedy landlords," expats, private equity, tourists, and whatever the latest boogeyman is.
On one hand, we can say this work ethic/culture enabled them to go from third world to first in less than a century. But stretch it too much and the country suffers population collapse.
I wonder if being bordered by a rabid enemy (North Korea) also plays a role in the low birth rates. Maybe people don’t want to give birth to kids that might end up fighting war in the long run.
Otherwise, going from autocracy to military rule is like hating the frying pan and jumping into the fire.
No it isn’t. The reserves were frozen under due process and can be returned under specific conditions, i.e., Russia withdrawing troops from Ukraine. That’s what the rule of law is, unlike China that can seize your Yuan anytime, and there’s no due process to get it back.
> If you're part of the global south, but is rich enough to have foreign reserves, you will start to think about how to diversify.
They’ll still overwhelmingly stick to the dollar, not a currency that operates on the whims of a dictator.
It’s a pipe dream to convince people to trade in a currency controlled by an authoritarian and corrupt government.
The global south can yap all they wish, but they still prefer to trade in dollars and euros, the currencies of countries with rule of law.
I assumed Character.AI wasn’t profitable, like most AI startups.
I'm open to writing gigs, either technical writing or business/finance-related stuff. I have 5+ years of experience in professional writing. I run a tech/finance blog -- https://thetechee.com/ -- and also write for other sites.
I have an extensive freelance writing portfolio, here are some samples; https://drive.google.com/drive/folders/1khx1atr-sX1cHrhAj0lw...
Rate is $0.10 per word. If you need my service, reach me at chisom4best@gmail.com.
Biotech companies (including those tackling Alzheimer’s) have gotten much larger amounts from VCs.
The U.S. government also directly funds medical research to the tune of tens of billions of dollars annually.
I guess people must find a reason to bash investors.
Unfortunately Xi is now focused on saber-rattling about national security and bullying neighbors. He has cracked down on free markets, and China’s economy is suffering due to his incompetence.
Please then, what was it? Capitalist? Feudal? Democratic socialism? I need a clear answer..
It’s not socialist in any sense. It’s a diehard capitalist country with a lot of public services and welfare (funded by taxes generated under a capitalist system).
The Chinese government has spent massive amounts on vanity projects. A lot of government funds have also been looted by CCP honchos.
Thanks but no. I’ll take American capital allocators over the Chinese any day.
Most importantly, I don’t want to live in a dictatorship.