You’re looking at Capital as a monolithic block. The problem is that the majority of the Capital at the moment sits with the block that can only function by burning more fossil fuels and mowing down the last of the forests to extract natural resources. The private equity firm that owns private beach resorts will never be able to convince the trillion dollar petro giants that they need to find alternatives.

What you see is that before the anomaly year that was 2020, the scores were slightly lower as compared to 2012, but they were still not as low as early 2000s or before.

Another thing to notice is that the higher percentile performance largely remains flat but lower percentiles seem to be suffering from a drop.

While social media and phones could be a part of it, if they were the only factors, we wouldn’t see such a disparity between different percentiles. I suspect educational policy. No Child Left Behind (NCLB), no matter how controversial, coincided with the improvements in the scores. In 2012, a bunch of states were allowed to have more flexibility from NCLB. In 2015, it was replaced with Every Student Succeeds Act which allowed states to set their own standards. I think this was the single biggest contributor to the declining scores.

Since Jan 2025, the only two upward revisions have been in the last 3 months. So we’re both correct here. This year (3 months of data), has been a mixed bag. But on a longer time horizon (last 6, 9, 12 months) the revisions have mostly been negative.

Job numbers get revised every month, in a negative direction.

New grad unemployment is high and trending higher.

New jobs exclusively are held up by addition in healthcare industry, almost every other sector is seeing some negative movement.

A lot of job openings, a good chunk of them, are just fake jobs where the company has no intention of filling them.

Pretty bold for someone to ignore all of that and come up with a claim like that.

Part of the reason for this demand is the fact that index tracking funds like QQQ will be forced to buy up massive volumes of shares. Not only that but other non index tracking funds that track large cap stocks will also have to buy. Vanguard large cap for example manages trillions of dollars. That in itself will have 100s of billions worth of buy orders.

Comments URL: https://news.ycombinator.com/item?id=48448454

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We have that too and more often than not, it’s not what a customer wants. Yes there are some very talented customer facing people (PMs, CSMs, TAMs etc.) that also have a natural knack for translating customer problems into product features with great usability. However, for the rest, skipping the part of defining the problem and letting other functions to come up with a solution, usually leads to catastrophic messes that waste a lot of engineering and other resources. When someone shows up with a solution, you risk wasting months of resources in making production ready software, only to find, customers hate it and the solution either doesn’t fix the problem or introduces new ones.

Studies everywhere are now being scrutinized for the participant cohorts because it is now widely recognized that biological differences exist between different groups. Some medications for example aren’t sufficiently studied for effects on women vs men and are being reviewed.

Plus, studies in US are less scrutinized because researchers are aware of the need for a diverse cohort and you are more likely to get one in the US vs elsewhere.

Keep in mind, Google has a 6% stake in SpaceX, so this is more like exchanging millions to gain billions.

If no one paid traditional money to your friend on the other side, he’d have no money. Also, whoever was sanctioning the country, can also very well sanction and seize the bitcoin if they’d like.