Thought I would remind people here of this simple, but mostly unknown fact about American healthcare:
American taxpayers invest more public dollars per capita in healthcare than anyone in the world. This before a single cent is paid into the private insurance system. Through Medicare, Medicaid, VA and other public health programs, you pay about 40% more public dollars per-capita than the most socialist, gold plated single payer system anywhere else.
You are not only getting ripped off by your insurer, but you are getting ripped off a public system, which has more than enough money to provide every man, woman and child with a lifetime of world-class, free at the point of service universal healthcare.
Iranians were scoring direct hits on top priority infrastructure in the first days of the conflict. Only in the last couple of weeks has US media started to report the extensive damaged visited upon the (now mostly abandoned) US bases in the gulf.
Its really difficult to overstate the level of strategic defeat that has occurred here.
I've seen reporting that energy prices won't return to pre-war levels this calendar year, even assuming an immediate return to the status quo basically right now (which seems unlikely).
I find the whole thing really confusing. The facts I can see with my own eyes suggest high inflation and this surely means no substantial rate cuts (which... the market has expected) if not reduced consumer spending and risk of recessions.
But the markets think everything is... fine? So... what are we missing here?
We probably aren't missing anything. It just can't happen right now because if the stock market capitulates then it does so for years and everyone loses a bunch of money. Their only option is to hope for some kind of end or bailout or whatever that keeps getting further away, and they've pushed that hope way past reason.
> But the markets think everything is... fine? So... what are we missing here?
The current rally is extremely narrow, mostly just AI/Big Tech and chip stocks. But yeah, the "market" appears to believe that this will all be over soon, which seems unlikely to me.
> But the markets think everything is... fine? So... what are we missing here?
You are missing that the current governance is very ready to print money to bailout any situation. The market can go down in nominal value but still up in dollar's.
Over the last decade (and even prior to that) CPPIB has been the best performing fund of its kind. National pension funds have different risk tolerances and investment guidelines that someone's personal portfolio or a family office.
Thanks to CPPIB, Canada does not have have a giant unfunded pension liability (unlike our neighbors to the south). It has been an enormous success story.
Yes, far better than how the UK runs its state pension system.
The Australians seem to have the best model overall though. Mandatory payments in to private investments has made them very wealthy.
The UK system takes the national insurance contributions of workers but doesn’t invest them in anything on behalf of the individual. So despite decades of payments you technically have nothing at the end and survive on the goodwill of the government and current taxpayers. That works right now because of the population pyramid.
>The UK system takes the national insurance contributions of workers but doesn’t invest them in anything on behalf of the individual. So despite decades of payments you technically have nothing at the end and survive on the goodwill of the government and current taxpayers. That works right now because of the population pyramid.
That's how Social Security works in the United States as well.
I believe it’s tied to your earnings in the US though, which it isn’t in the UK.
I also have a number of qualifying years in the UK when I didn’t work, and for decades you could buy a year contribution for about £150. The payout is £12,500 per year.
>That works right now because of the population pyramid.
Is it really a pyramid if the base is less wide than the top? I guess it would be an upside down pyramid, but not very useful for the intended purpose then.
I thought that honour belonged to the NZ super fund with an annualised return of 10% before tax since it's creation in 2003. I couldn't find a comparable figure for the CPPIB, but it looks to be lower.
The international arrivals section of Vancouver airport is a great example of this. Indoor waterfalls, sound dampening on the walls and ceilings, carpeted floors and wide open space is a huge relief after a 5-15 hr flight. It's also an excellent way of making a great first impression on visitors.
The censorship is to shield embarrassing info from GCC and American audiences. As others have pointed out, Iran has its own satellites, and allies with satellites that can conduct their own battlefield damage assessments.
Had a pretty heavy workload yesterday, and never hid the limit on claude code. Perhaps they allowed for more tokens for the launch?
Claude design on the other hand seemed to eat through (its own separate usage limit) very fast. Hit the limit this morning in about 45 mins on a max plan. I assume they are going to end up spinning that product off as a separate service.
It feels like there is a wide open opportunity for some new OS's to enter the mainstream marketplace. I see nothing but dissatisfaction with the incumbents.
We still have problems with websites only working on Chrome, moving to a new - or grow an already existing one - open mobile ecosystem in 2026 and beyond it's going to be much more difficult than the Year of Desktop Linux, unfortunately :(
In order to enter the mainstream market and challenge the consumer OS duopolies, a new OS needs at least two things:
1. Retail presence
2. A large advertising budget
This is why it's so difficult to challenge the existing duopolies on desktop and mobile. If a consumer can't walk into a retail store, see a device on the showroom floor with the new OS installed by default, and buy a device with the new OS installed by default, then the new OS has zero chance of becoming mainstream.
Among other reasons, this is why Linux has failed to go mainstream. Linux has no retail presence, and it's not advertising to consumers.
I suspect the app ecosystem was a problem with Windows Phone. iOS and Android already had a head start of a few years, with Windows Phone not appearing until late 2010, and "Windows" was a bit of a misnomer, because desktop Windows apps couldn't run on the phone, so the preexisting software ecosystem didn't help.
Certainly the app ecosystem was part of the challenge, and Microsoft spent a fair bit of effort trying to both encourage developers to make apps, and filling obvious gaps (like Youtube) itself. If their resources, retail connections and brand recognition weren't enough, it's hard to imagine that anyone else stands much chance until conditions change drastically.
There's so much lock-in/captive-audience on these platforms I don't see this happening with mobile phones as they exist today. The only thing that will crack it is the "Next Big Thing"™, and who knows what/when that will be (AR glasses? Brain chips? Some AI wearable?)?
I want what you say to be true, but realistically it's not because of the "security" features available to app developers, and the fact that so many companies (even government!) have moved to mandatory apps. I don't know how we ever get past that with a new OS.
There are android distributions like Graphene OS and LineageOS that are completely open. The problem is application developers that specifically restrict their apps to only run on google/apple certified hard-/software
But Graphene and Lineage don't support on most phones. If phone makers were to be more forthcoming and cooperative, they could get one or both of those, or some mobile-phone-oriented Linux distro, to work and then Bob's our uncle.
The government already runs/oversees a variety of public grocery stores. Including:
- Armed forces commissaries. The op ex is subsidized by the taxpayer, but the cost of goods reflects the market wholesale price, plus a 5% fee to pay for capital goods/facilities upkeep.
- Grocery stores run by non-profits/charities. Eligible donations are a tax deduction, which represents a form of subsidy by the taxpayer. These stores are really popular in some places in the US.
- Food banks. Operate on a mix of private donations and taxpayer grants/tax receipts to some donors.
It all amounts to the same thing. The finance model is different in each case, but its all taxpayer supported no matter how you look at it.
American taxpayers invest more public dollars per capita in healthcare than anyone in the world. This before a single cent is paid into the private insurance system. Through Medicare, Medicaid, VA and other public health programs, you pay about 40% more public dollars per-capita than the most socialist, gold plated single payer system anywhere else.
You are not only getting ripped off by your insurer, but you are getting ripped off a public system, which has more than enough money to provide every man, woman and child with a lifetime of world-class, free at the point of service universal healthcare.
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