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Comment Value Extracted From the Economy (Score 1) 106

I'm no economist. But the way I see it, companies making 100m's out of such trading are extracting 100m's of realisable value from the economy while contributing nothing materially back to it. What does society gain in return for the 100m's these traders make from trading?

Comment A little irony for ya (Score 1) 118

https://www.myarkansaspbs.org/...

Arkansas PBS is excited to announce that former State Rep. Carlton Wing has been selected as the agency’s new executive director and chief executive officer. Wing brings more than three decades of leadership experience in broadcasting, media and public service to the state’s only public media network. The Arkansas PBS commission and staff are looking forward to his first day in the office, on Tuesday, Sept. 30.

Maybe they should have been a little more nervous.

Comment Re:Hopefully they can survive that long (Score 2) 29

Their total # of vehicles sold are actually expected to decline in 2025.

I guess you mean their annual car sales?

Specifically:
Overall Guidance: Rivian adjusted its 2025 delivery target down to 41,500 - 43,500 vehicles due to retooling for the next-gen R2 platform, impacting production.
(vs about 51K in 2024)

I guess I'd call that a blip if the numbers play out and they get R2 up and running - which I'm looking forward to.

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