Charlie Munger and Warren Buffett on Ethanol blending in Petrol:
“Ethanol blending is a very stupid way to try and solve an energy problem.”
“It takes more fossil fuel energy to create ethanol than you can get out of ethanol you’ve created.”
- Charlie Munger. 2006.
The most pernicious and convincing lie influenzas tell you is that ultra processed food is the singular cause of our metabolic problems. Just one problem - Indians barely eat ultra processed food in comparison to other large economies. So, what is the real culprit?
I saw a post on Reddit that said that “The underlying purpose of AI is to allow wealth to access skill while removing from the skilled the ability to access wealth.” And I don’t think I’ve ever seen AI described so incisively.
Asi se vio ayer Mónaco, durante el Gran Premio de F1, lleno de yates de multimillonarios contaminando las aguas masivamente.
La burguesía capitalista puede ir a por el pan en yate mientras los pobres no pueden entrar en las ciudades a trabajar si tienen un coche diésel antiguo.
Compelling essay by sci-fi writer Ted Chiang on why LLMs are nowhere near consciousness, but why it serves the interests of LLM companies to constantly suggest that they might be.
I've pulled one quote below, but the whole article is worth reading.
Burgerland unleashed army of these propogandist to fool the world while literally midwifing rise of today's global tech giants like Google, facebook.
Even the internet itself was a result of centralised govt funding (US military).
Almost every spectacular piece of art and architecture was directly created under patronage of erstwhile kingdoms or it's aristocracy
The difference between a developed western country and India is, the food delivery might take an hour to reach but the fire brigade and ambulance reach in 5 minutes.
Just days ago former Chief Economic Advisor Arvind Subramanian was saying when the Govt tilt the playing field in favour of a few it affects investments and exports. Then yesterday ED raided Vedanta, the rival of Super Boss!
Just listen to Arvind Subramanian for 3 mins only. 🎧
Indian Economic Policy is like the peeling of an onion - you peel a layer, and you cry; you peel another layer , and you cry some more. The attached BITs story reveals the power of the bureaucracy, and its complete lack of accountability and censorship of its actions - they are the onion.
https://t.co/9oyWAr3JfG
They are important actors of the non-transparent (by definition!) Deep State. Governments are censured by the people. Senior bureaucrats (IAS and IFS) enact policy that persists against national interest, that survives changes of government, that protects institutional actors over citizens and the economy — The Deep State in practice.
Those who are in power right now are playing with the future of India's next generation..
- There is plenty of land in Australia; still, they want to make data centres in India..
- Data centres don't create that much of a job; most of the process is automated.
- many European countries stopped the data centres on their mainland.
- it directly affects the Vegetation patterns and Rise in carbon footprint
-Similar patterns were seen in America; they started renting out the data center to the African country and some of the South American country
- Similar things are happening in Odisha too, but when I point them out, they start abusing me, and I'm being told I have nothing to do with Odisha.
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Indians have the habit of eating the shit out of the white people,in 2010's they started dumping the E wasted and we india bought that kachra
What most people already understand, even without the economic terminology, is that firms like BlackRock operate less like investors and more like modern feudal landlords.
They buy essential infrastructure,water networks, ports, energy grids, data centres, and other public necessities, often using vast amounts of borrowed money and paying prices that ordinary market participants cannot match.
Once the acquisition is complete, the debt is pushed onto the acquired company itself.
The result is simple: the public pays.
Consumers repay that debt through higher water bills, rising energy prices, increased fees, and declining service quality.
The infrastructure becomes a cash-extraction machine.
Profits flow upward to shareholders and executives, while the financial burden flows downward to households.
When the model inevitably breaks down, the consequences are socialised. Communities are left with crumbling infrastructure, polluted rivers, and failing services.
Thames Water's £14 billion debt mountain and repeated sewage scandals are a stark example of what happens when financial engineering takes precedence over public stewardship.
The executives who loaded the company with debt have already collected their bonuses.
The investors have already taken their returns.
And when the system finally reaches breaking point, taxpayers are expected to pick up the bill.
Privatise the gains.
Socialise the losses.
That is the business model.
Vedant Srivastava - 17 yrs old
Took to social media and exposed discrepancies in CBSE's OSM marking system.
Nisarga Adhikary- 19 yrs old
Hacked CBSE website and informed them (and us) that it is vulnerable and can be hacked.
Sarthak Sidhant- 17 yrs old
Exposed how CBSE bent rules to award the OSM tender to COEMPT.
These 3 kids need to be lauded. They have given us a glimmer of hope. They have shown us, not all is lost.
We still have a future to salvage.
Justice has finally triumphed in Bihar. After only 33 years of lightning-fast legal proceedings, an 84-year-old, severely ill man has been sentenced to 10 years of rigorous imprisonment for a 1992 dispute over tying a cow and a pathway.
The efficiency is truly remarkable while two people had to support him just to walk to jail, the system ensured that not a moment more than three decades was wasted in delivering justice.
A shining example of how swiftly and compassionately our institutions work.
The main scam across most indian pumps is - if you ask them to fill petrol for 500, they'll fill for 100 first, and they'll keep talking and distracting you, and if you spot that and say why did you put for 100, fill the remaining 400, someone else distracts you while they look like resetting, but end up increasing from 100 to 400 only. You only receive 400 worth petrol, while they charge you 500.
Kedarnath is witnessing such massive crowds that even people are now stuck in traffic.
The question is no longer about record numbers, but about how much the Himalayan ecosystem and infrastructure can realistically handle.
Video Credit: Social Media
Uh oh! Another bad day for tourists from India (Gujarat).
Being told (reprimanded) by Nepali people to clean up after they littered the road.
Why do our tourists lack basic civic sense?
Think @andymukherjee70 explained it well 👇
Indian business is more about wealth management than productive investment. And the top oligarchs operate in captured markets via State patronage.
All enabled by a neoliberal state where the bottom 90% have little influence on policy.