I think the deal is quite clear: subscription for personal usage in their products, API token for everything else. You get a rebate for subscription because they get the data. I would be quite sad if they removed the subscription option just to not be "anticompetitive".
Israel has to apply that standard because Hamas operates without uniforms unlike IDF. So yeah, Gazans shouldn't apply the same standard because unlike them Israeli military operates in uniforms so it's easy to distinguish between them and civilians. That Gazans do the opposite is on them.
Sure, if that happens then it needs to be investigated as a potential war crime.
It still doesn't change the fact that Israel is in no position to apply that standard because fighting Gazans don't use uniforms. Obviously they will not treat people shooting at them and launching rockets at them as civilians.
Rockets regularly target Israel. If that happened to USA the war would start with the first one no matter if it was intercepted or not. Same with any other self-respecting country. Israel is fully justified trying to eliminate threats to itself. It's not only about October 7th.
The evolution was also interesting: first the engines were amazing tactically but pretty bad strategically so humans could guide them. With new NN based engines they were amazing strategically but they sucked tactically (first versions of Leela Chess Zero). Today they closed the gap and are amazing at both strategy and tactics and there is nothing humans can contribute anymore - all that is left is to just watch and learn.
Maybe there will be a "huge bubble" in the future but it doesn't look that huge right now.
Forward P/E for S&P500 is about 22. That is 4.5% yearly return even if there is no growth beyond 2026. This is also real growth as earnings raise with inflation so nominal expected return is about 7% even if there is 0 growth beyond 2026.
Meanwhile risk-free rate (basically short term government bonds) is around 3.5% per year right now (nominal).
That 7% is quite pessimistic as some "net growth" (growth - costs of generating it) is expected beyond 2026 and you can only get 3.5% "risk-free" I am not sure why people call current valuations crazy or what their expectations for "fair valuations" are. Equity risk premium seems to be still above 4%. Maybe that's on the low side but far away from bubble territory, let alone "a huge bubble".
>>As a European, I am glad that this is finally discussed in the open! I have made multiple comments in the last weeks that one of the most important things, for me, is an alternative to the Visa/Mastercard duopoly.
The main reason we don't have an alternative to Visa/Mastercard duopoly is protectionism of EU countries. There are local alternatives that do pretty well (BLIK in Poland, Revolut Pay in countries where it's popular) but entering more markets is like pulling teeth because EU throws regulatory obstacles at every step.
>> Why isn't the European Commission mandating these app payments in different EU countries to connect with each other? Wouldn't that go faster than the digital euro, that is set to come no earlier than 2029?
It would but then their non-local alternative could win which they really don't want to happen.
> because EU throws regulatory obstacles at every step.
No, the gatekeeping is done by local banks and governments to protect their oligopolies/cartels.
There are many instant-pay apps across Europe and they are intentionally not interoperable outside of local markets. Each local banking oligopoly is trying to fence off competition. The main fear is from smaller neo-banks.
>>No, the gatekeeping is done by local banks and governments to protect their oligopolies/cartels.
If you are pointing the distinction between gatekeeping at the EU level and country level I am not contesting that. It's clear though that the gatekeeping is the problem here (and in many other industries in EU).
> The main reason we don't have an alternative to Visa/Mastercard duopoly is protectionism of EU countries. There are local alternatives that do pretty well (BLIK in Poland, Revolut Pay in countries where it's popular) but entering more markets is like pulling teeth because EU throws regulatory obstacles at every step.
That doesn't seem to make a lot of sense? How did Visa & Mastercard manage to go through the "protectionism of EU countries" then?
You forgot the part where there is a bootstrap problem for any fintech.
You need the appropriate license to make money, but you can only get that license if you already have enough money.
On top of that is a requirement that basically demands that you have employees in charge that have worked and gained job experience at the established businesses.
This is good for stability, but it also means that innovation gets nibbed in the bud.
Neither my comment, nor the prior one, had anything to do with fintech.
Concerning "innovation" in financial systems, done by relative outsiders, with little experience or incentive to keep the system stable: Given the track record, I'd argue that such innovations should either be outright banned, or limited to some tiny percentage of the relevant financial market. The world does not need more FTX's.
For me the only feature I want from a taskbar/status bar is ability to hide it permanently so it never comes out until I press a key on a keyboard (like meta/Windows key or even a key combination if needed).
Task bar auto popping just because you weren't precise with your mouse and moved it too far down or to the corner is very annoying to me.
I treat it as a test if desktop environment have "we will force our way down your throat" or "we try to make it great for everyone" attitude. Windows and Apple are choosing the former. KDE is choosing the latter.
I am surprised because somehow they get it on phones (hidden by default, needs a gesture to bring down). Real estate on a laptop is a just as precious, especially vertical real estate.
Dividends in effect force you to sell while buybacks redistribute to people who want to sell/realize it. They are also more efficient tax wise.
The only good reason to pay out dividends instead of announcing buybacks is a view that your shares are overpriced. Then you can't buy them back without facing a potential lawsuit (you are making a company buy something you know is overvalued).
>>Tax on investments are averagely taxed compared to other countries.
That is only if you haven't accumulated wealth yet.
The combination of quite high capital gain tax with sky high wealth tax, pretty high income tax isn't very attractive if your plan is to accumulate some wealth.
If you just want to make enough every year to live there I guess it's reasonable though.
I future-proofed myself by moving to a region with a €3M exception. So that I have a long way to go before paying wealth tax.
CGT is progressive and around 20%, compared to other European countries that is fairly average. Some Eastern European countries are at 15%, Belgian is going to 10%, Switzerland differs per canton.
Also, no CGT for fresh immigrants if you are able to use the Beckham law.
Is the exception still valid? I thought the new central regulation in effect removed those (if the region has exceptions then you pay federal "solidarity" tax). They introduced it to fight Madrid's and Andalusia's exemptions.
I investigated it some time ago though when I was considering moving to Andalusia so maybe something changed.
The problem with academia is that it's often more about politics and reputation than seeking the truth. There are multiple examples of researchers making a career out flawed papers and never retracking or even admitting a mistake.
All the talks they were invited to give, all the followers they had, all the courses they sold and impact factor they have built. They are not going to came forward and say "I misinterpreted the data and made long reaching conclusions that are nonsense, sorry for misleading you and thousands of others".
The process protects them as well. Someone can publish another paper, make different conclusions. There is 0 effort get to the truth, to tell people what is and what isn't current consensus and what is reasonable to believe. Even if it's clear for anyone who digs a bit deeper it will not be communicated to the audience the academia is supposed to serve. The consensus will just quietly shift while the heavily quoted paper is still there. The talks are still out there, the false information is still propagated while the author enjoys all the benefits and suffers non of the negative consequences.
If it functions like that I don't think it's fair that tax payer funds it. It's there to serve the population not to exist in its own world and play its own politics and power games.
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