Amazon can afford to pay well. Twitter now owes $1bn/year in interest payments, which is more than they've ever made in profit.
ECONOMY
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Musk’s Twitter Lenders Prepare to Hold $127 Billion Debt
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I mean at this point it wouldn't surprise me. The banks don't see to think they'll get their money back https://
reuters.com/business/finan
ce/musks-lenders-prepare-hold-127-bln-twitter-debt-books-until-early-2023-ft-2022-11-01/
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Major layoffs after acquisition raise questions about decision-making
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Imagine firing half the company a week after you bought it and being confident that you made good decisions https://
t.co/M1cMnzUXll -
Blockchain profit mechanisms and zero-sum economics explained
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How do you make money on it without other people losing that money to you (minus the fee that goes to the miners/validators)?
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Educated Populace Key to Long-Term Economic Growth
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Overall, though, an educated populace is the key to long-term growth.
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Layoff Strategy: Using Education to Weather Economic Crashes
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I did exactly that in 2001 – got laid off by the collapsing dot-com I was working for, went to university for a few years to wait out the crash Helped that I was young and completely free of responsibilities though!
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Social Welfare and Competence: The AI Economy Paradox
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i strongly believe in social welfare, investing in education, and universal healthcare. i also believe the only the way we can have those things is if we get serious about celebrating competence and winning.
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Physical Manipulation: The Harder Problem Than AI Judgment
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Most work on the impacts of automation hasn’t considered what happens if solving for basic judgement & creativity was the easy problem, but actually moving around & touching stuff was the hard problem.
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Elite Knowledge Workers Drove Industrial Revolution Growth Not Mass Education
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A puzzle about the Industrial Revolution: unlike now, there seemed to be little correlation between the education of workers & early industrial growth. This paper shows why: it was the presence of highly educated elite knowledge workers (& their inventions) that powered growth.
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Trust Erosion: How Minor Disappointments Compound Over Time
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Interesting model here for thinking about how it can feel like people suddenly, irreversibly stop trusting a product, when it was usually the outcome of a multi-year sequence of minor disappointments accumulating over time