538 karma · joined December 24, 2022
This works in tech but not necessarily in other white collar fields like finance. In finance, there is an unwritten rule that you are supposed to settle with a firm by ~30-35 and stay there for the rest of your career. Many firms don't hire laterally unless they have no other choice. Professionals like investment bankers and CFAs are recruited straight out of university and groomed to assume leadership positions in the long term.
Intelligence, on the other hand, is far more complex to define, measure and test than eye color or height.
White people are _not_ more intelligent than black people. And it is both factually incorrect and racist to believe so.
- "I never said white people were mo--" Sure, but that is nevertheless the belief held by 99% of the people who think that some ethnicities are inherently more intelligent than others. It's a reasonable assumption that that is what you think.
Microsoft has been bleeding talent for the last 5-6 years due to low compensation. It's why the SLT authorized a "correction" in pay last year that saw many people get a significant pay bump. Lots of new college hires have even stated that Microsoft's offer was the lowest offer they received. Levels.fyi tells basically the same story as well if you compare Microsoft to many other tech companies.
One thing to note is that the bonus and stock award budget have been reduced from last year where it was inflated. So, it's back to normal. What is frustrating is that it's also likely "back to normal" for the executives when it should be minimal to non-existent. The pessimist in me says that this is nothing more than juicing the quarterly stats so that Satya and his directs hit their targets for their "normal" bonuses.
Honestly, this is the closest I've seen the company to unionization and I'm willing to bet that efforts are going to start soon. Especially if the Q4/annual results exceed expectations.
[1] https://old.reddit.com/r/technology/comments/13dveyv/microso...
I'll take predictions that won't happen for 100, Alex.
> Last year we reported on TSMC Chairman Mark Liu, who told interviewers that, “Nobody can control TSMC by force.” He reasoned(opens in new tab) that, “If you take a military force or invasion, you will render TSMC factories inoperable.” But, explosives wouldn’t be needed, according to Liu, as TSMC's fine-tuned operations would simply crumble as its real-time connections with the outside world evaporated. However, we should remember that China’s motives should not be measured against business rationality. Instead, its policies may be colored by a leader seeking glory, destiny, a legacy, and so on.
I graduated salutatorian. I was able to focus on my homework after school for hours without distractions. I had a computer at home, but it was pretty crappy.
- Lack of AAA exclusives. Halo is the main one, but Sony has God of War, Ghost of Tsushima, all the Spider Men, The Last of Us, Gran Turismo, and others.
- Price. The PS4 was cheaper than the Xbox One by $100, and this mattered to parents who could afford to gift their children a $400-$500 console, but not a $1,500+ gaming PC. This matters less in the North American market, where people have more disposable income, but East Asian and European markets are safely in Sony's pocket.
- Controllers? There is a meme that Xbox controllers are designed for large, "American" hands. Regardless of the truth, memes and perceptions shape decisions.
- Sony has the Japanese market locked up. Xbox is the dominant console in the US, but its dominance is weak: 53.3% vs. 46.65% for the Playstation.[1] Which begs the question: why hasn't Microsoft crushed the competition in its prime domestic market, but Sony crushed theirs in Japan?
[1] https://www.statista.com/statistics/1044948/market-share-of-...
It may be that the lack of a minimum wage in a situation of labor scarcity empowers workers. When there is a mandated minimum wage, a business can pay that, because it's an easy decision. But when there is no minimum wage, businesses have to work harder to determine an appropriate pay level. They have to conduct market research, hire consultants, study their competitors, and make a decision.
Fear will keep the shareholders in line.
Now imagine if Apple wanted to use 1/3 of its net income to create a private military at the edge of technology.
No one decided Einstein was the greatest scientist of the 20th century. Einstein did his thing and let the results speak for themselves.
Then a constitutional crisis there shall be. Words don't scare me. If a "constitutional crisis" means the government _doesn't_ default on its debt and some politicians and pundits cry foul, and nothing else changes under the heavens, then let's have a "constitutional crisis".
> On the other hand, we have the President unilaterally overruling the Congress and the Court. One is a check. The other a coup.
Congress can impeach and convict if it's such a big deal. Until they do...
But there is: it's called the Constitution. Not any particular clause or article, but the whole document. The executive is allowed to check the judicial if the judicial ignores the Constitution. How else is the executive supposed to check the judicial?
> It would be a VERY BAD precedent to do that again.
It would be a bad precedent, but it would be an even worse precedent for the Supreme Court to force the government to default on its debt. The least bad of the two evils would be for the government to continue paying its debt by waving the debt ceiling away.
"I have directed the Treasury Department to continue honoring our financial commitments to bondholders. My administration will ignore any rulings, by any court, or judge, that would seek to impair all or part of this order, as such rulings would be unconstitutional. I will not allow legal technicalities or political games to threaten the full faith and credit of the United States of America. It it so decided."
I would say these words.
1) The executive branch will invoke Section 4 of the 14th Amendment[1] and direct, by Executive Order, the Treasury Department to continue paying interest to bondholders, effectively abolishing the debt ceiling with the stroke of a pen, and without Congress' approval. This is my preferred option. There already exists a strong legal argument that the existence of the debt ceiling is unconstitutional. This maneuver would allow the White House and Congress to fight the issue in the courts without defaulting. The administration could also mint the oft-discussed trillion dollar coin, or a couple of them, if that loophole still exists.
2) A few sane House Republicans will cross party lines and vote for a clean debt ceiling hike with the Democrats. The Speaker would not be able to prevent it, and what happens to Kevin McCarthy doesn't matter here. Democrats can introduce a bill and force a floor vote without the Speaker's approval (?) Someone correct me on this.
3) Default. Either the US government stops paying bondholders, or the Fed buys bonds in default (this is called a technical default), or the Treasury keeps paying interest but slashes spending in other areas, like Medicare, to pay for it. However, there are serious doubts as to whether this "debt prioritization" maneuver would be legal and/or constitutional.
Or the administration could cave and give the Republicans what they want, but I don't see that happening, because it would greatly harm Biden's reelection chances and hand a huge political victory to the GOP.
[1] The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned.
The Los Angeles-class nuclear submarine USS San Francisco (SSN-711) nearly sank on January 8, 2005, when it hit an uncharted undersea mountain about 364 nautical miles (675 km) southeast of Guam while operating at flank (maximum) speed at a depth of 525 feet (160 m). [1]
The Seawolf-class nuclear powered fast attack submarine USS Connecticut (SSN-22) suffered damage on October 2, 2021, after it collided with an undersea mountain while maneuvering in the South China Sea. [2]
And the Swiftsure-class nuclear powered fast attack submarine HMS Superb (S109) had to be decommissioned ahead of schedule due to the damage it suffered during a collision with an underwater pinnacle in the Red Sea, 80 miles (130 km) south of the Suez Canal. [3]
[1] https://en.wikipedia.org/wiki/USS_San_Francisco_(SSN-711)?us...
[2] https://en.wikipedia.org/wiki/USS_Connecticut_(SSN-22)?usesk...
[3] https://en.wikipedia.org/wiki/HMS_Superb_(S109)?useskin=vect...