340 karma · joined October 23, 2025
- A rule of thumb suggested by one study is that every $100 drop in stock market wealth leads, on average, to a $3.20 drop in consumer spending. Under such an assumption, a dotcom-style crash would cut American consumption by about $890bn, or 2.9% of GDP.
- A drop in nominal values on the same scale as the dotcom bust would wipe out $16T, or 8% of American household wealth. Foreign investors would lose $7T.
AI is being forced down peoples' throat. Millions want to but cannot disable Gemini from Gmail. Many SWEs don't want to use AI tools but managers are forcing them to do so.
How do you know if something is really liked/needed/wanted when there is no opt-out?
- Overall, 59 percent said they regard AI as a threat to their future job prospects, far more than immigration (31 percent).
- 43 percent said they were already struggling financially or had limited financial security.
- Fifty seven percent felt the country is headed down the wrong path. During the 2009 recession, that number was only 37 percent.
- When asked about political violence, 28 percent said they view it as “acceptable when the government violates individual rights.”
Article below
Discuss article here https://news.ycombinator.com/item?id=46153770
I would like to pushback on this assumption. I made that point because you mentioned Canada and its rapid immigration rise in the last 5 years. Western countries, namely Canada can do a lot to build more to ease the pressures on its housing demand.
Vast amounts of land is available to build amazing cities. There are specialist architect firms that can plan the most beautiful, walkable, livable, affordable cities very close to major hubs and metros currently.
In the 50s/60s/70s these very Western countries, spent a lot and built all kinds of infrastructure which led to meaningful increases in quality of life and perhaps created the most prosperous generation in these countries.
Even now when any government in the West wants to really do something, they don't really care about anything and it gets done, the money magically appears, the votes are found no matter how unpopular it may be. But for some reason building infrastructure, housing, mass transit has been completely forgotten.
The real bottlenecks are governance, bureaucracy, and NIMBYism. Like a few comments above pointed out, its keeping boomers happy with their high property values at the expense of the young.
Some things just don't make sense to me as an outsider. A few examples I read recently.
[1] It will take three decades to turn an 18-mile stretch of the A66 road in northern England into a dual carriageway. [2] It will take 20+ years just to add another runway at Heathrow London and cost $64 Billion Dollars! [3] While Dubai is building a brand new whole airport for $35 Billion, I think the worlds largest when its finished.
Nearly all of the political problems in Canada, UK, Australia and much of the US (NYC,SF, etc.) will completely go away if they had the "Build, Baby Build" attitude. Just build housing like there is no tomorrow.
There is no such thing as an "oversupply" of a basic human need, livable shelter.
I can assure you, knowing how Asian countries like China approach governance, Chinese cities will have no major issues in 50+ years. Any outstanding issues will will resolved well before they start to become a problem with various 5-10 year plans. The same for Malaysia, Singapore etc.
[2] https://www.reuters.com/world/uk/uk-chooses-heathrow-airport...
[3] https://www.aljazeera.com/economy/2024/4/29/dubais-ruler-ann...
Key Facts: Number of megacities, urban areas with 10 million or more inhabitants has quadrupled from 8 in 1975 to 33 in 2025.
Jakarta is now the world’s most populous city, with nearly 42 million residents. The current population of Indonesia is 286 million.
In 2019, Indonesia said it will be moving its capital to Nusantara, a new city which is under construction.
Even casual drinkers I know are so happy after giving up. They are more happy, sleep better, feel better etc.
The "socializing" people used to do with drinking, they are now replacing it by joining gyms, running marathons/ironmans and learning martial arts.
This is great!
What's really great is all the kids seem to be very well rounded and come off as pretty confident on their own. This can be seen in the videos on the YT channel.
Finishing "school" several years early is the biggest plus for me. Imagine being done with high school by the age of 14. The possibilities are endless. Learn languages, travel, learn real tangible skills, join various bootcamps.
Your kid can have so much "life" experience by the time they turn 18-20.
Do you know the design firm/agency behind this redesign project?
Side note - This again shows, in consulting/agency work, always charge more than you think. If a government department is willing to pay $97M for a redesign, then surely independent consultants can charge way more then they usually do.
Patio11 right again.
The timelines part is really hits. Many people have told me to wait until 30-35 but the issue is the women that you're interested in are not going to wait for you...
A real dilemma ngl.