antr

That's possible, but it's still an argument about Apollo's incentives rather than the thesis itself. By all means scrutinize anyone talking their book, but then show where the analysis is wrong. Otherwise we've moved from “Apollo is conflicted” to “Apollo must be wrong because it invested,” which is not much of an argument.

So Apollo believes in the thesis strongly enough to put billions of its own capital behind it. That sounds more like putting their money where their mouth is than a rebuttal.

I’ll say something unpopular, but the best VPP alternative out there is the transmission system operator (doing its job well).

VPPs are a great way for utilities and other companies to get customers hooked into long-term contracts and milk for more fees.

Because the 0.1% all live in Dhaka, Bangladesh[1].

[1] https://www.iqair.com/world-air-quality-ranking

If you scratch the surface of the article you will realise that the biggest loser is Chile. This draconian law, if anything, will make investing in lithium production unattractive, regardless where in the value chain one invests.

1% change in revenue can result in a material deviation in net income and cash flow

Putting aside the absurd attack labeling my argument as pro-car (don't own one by the way), I'll I'm saying is that public transport ain't cheap nor free, and has a cost. You can cover your eyes, be against x or y, but that won't stop things from being different.

The problem with "free or extremely cheap transportation" is that it's neither free nor cheap. It's expensive and paid for by tax payers through constant budget deficits and debt issuance that will indebt future generations.

Article from 2018

Page 45 of the Financial Stability Review, May 2022:

Market volatility also expanded into crypto-asset markets. Bitcoin lost 50% of its value (versus the US dollar), and stresses emerged in markets for stablecoins. While a number of stablecoins lost their peg against the US dollar, broader financial stability risks remain limited. At the same time, the implications of stresses on stablecoin Tether could be significant for the crypto-asset ecosystem. A failure of Tether may pose a threat to the stability of crypto-asset markets, as it provides a substantial amount of trading liquidity for buying and selling of other crypto-assets. A run on Tether could disrupt trading and price discovery in crypto-asset markets, which could turn disorderly. Contagion effects for the broader financial system arising from a potential “crypto crash” still seem limited, although individual investors may suffer significant losses.

> ... consent of its executives...

*sigh*

Attacking the author instead of attacking the argument?

    >> If it is income, wealth tax, capital or some new form, the outcome has been clear.

In 1980 the US Govt collected $517 billion in taxes ($1.68 trillion in 2020 terms). In 2020 this number was $3.71 trillion. So then, the US Govt is collecting over 2.2x in taxes and inequality keeps getting worst.

How can it be that with more tax revenues, people are worst off?

It's disappointing to see how these sort of articles mix "wealth growth" (i.e. a paper gain such as the increase in the value of your house), with income tax. How easy it is to mislead people to take a side on the rich vs poor politically-driven fight.

Indeed, the Catalan referendum was fake.

Among the main irregular procedures include:

  1. there are opaque ballot boxes,
  2. there are no official ballots or envelopes, 
  3. the electoral census is hosted on online servers, 
  4. there is no electoral board, and
  5. there is no counting system.

Definition of coup.

I'm afraid that what you call "vote" was a staged and manipulated process, without a voter census, and no oversight by any Election Authority.

This is the point, it was staged as a democratic event, but it was quite the contrary.

I'm failing to see how those genuine matters relate to a coup perpetrated by a minority of (privileged) citizens.

You tell me how those who do not want independence "benefits unnecessarily" from such. Curious to know what civil liberties those who seek independence are being taken away from them.

Your "Texas vs. Federal Government" argument is weak:

    1. The local Catalan parliament is not above any national law. Your argument reminds me of the Texas Government vs any US Govt.
    2. The pro-independence seats in parliament in Catalonia is a voter minority... in Catalonia. Check your math.

Said the the tax evader.

What's your point?

If you want the laws changed, vote for a party that legitimately changes the law through the defined channels (congress, senate, etc).

However, if you break the law, be prepared to suffer the consequences.

The 2017 event in Catalonia was a slow-motion, low-cost coup d’etat, dressed as a democratic movement, and an event the European Union already warned was illegal. The result is that second-tier Catalan politicians and activists are now in jail.

Hinkley Point C != All nuclear plants.

If you state this fallacy you should at least tell everyone the unique geological issues HPC is facing.

The price of electricity is not only generation cost, which represent c. 30% of your total energy bill.

It's not about being dispatchable or not, it' about the volatility renewable generation and the problem this generates... and how other non-renewables need to be called by the TSO.

I was just going to say this. This is what many people do not understand, it's "the cheapest" technology but the cost of the necessary ancillary services, balancing mechanism, FFR, inertia, etc., to make this happen is not baked into the LCOE models. That's how shortsighted this sort of messages are.

USV jumping on the ESG bandwagon. LPs want/need to deploy capital into ESG, and USV is creating a fund to channel that excess liquidity. They will probably mask climate-related investments, with pure tech investments. Very much replicating what other funds have done, but really not making an impact in this space. Nonetheless, for USV this is more AUMs, more fees. On returns, time will tell.

On Tesla, like any other publicly traded business, cashflow is the value driver. Fundamentals end up catching up with valuations.

Your comment is the exact definition of a false premise: the use of an incorrect proposition (Catalonia is or was a country) that forms the basis of an argument (the EU doesn't like countries becoming independent).