economy

I keep thinking about the swiftness with which Silicon Valley Bank (SVB) collapsed. In the span of 48 hours, it went bust because as interest rates rose, VC capital to SVB’s portfolio companies decreased. That required the companies to start withdrawing deposits from SVB to fund day-to-day business operations but those deposits sat in bonds [...]

June 21 and 22 are Amazon Prime days so I wanted to take a minute to talk about the reality of this company and capitalism in general. Earlier this month, the New York Times came out with an article titled “The Amazon Customers Don’t See.” It’s quite long so I won’t detail the intricacies of [...]

The other day my Lyft driver said the word “thug” with so much derision it sounded like a slur. Frankly, I think that’s how he meant it. He also praised a town in California that restricts the number of residents by not building any new dwellings, and the town would rather pay penalties than allow [...]

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