11.24

Using the full text of the Federal Register, the official publication of the US government, we develop a similarity score that compares the regulatory exposure of pairs of companies. A higher score means that the two firms comply with similar regulations by the same regulatory agencies. Existing similarity measures such as industry boundaries, geographic proximity, and product markets account for only one-quarter of the variation in regulatory similarity. Nevertheless, firms with high regulatory similarity comove along key dimensions such as overhead costs, profitability, and investment. Using a supervised machine-learning algorithm, we decompose the similarity into 12 topics and find that it is driven by regulatory issues related to fiscal policy and labor. Each firm has a unique set of peers for each topic, and they all lobby the government on similar topics. Combined, our results uncover economically important links between companies centered around regulatory issues.

The ACA has failed this woman, and in 2024, the Government will pay $125 billion in subsidies to insurance companies.

This winter, two strong climate drivers churning in the Pacific Ocean give more confidence to the low-snowfall forecast.

“We just passed 400 launches on Falcon, and I would not be surprised if we fly 400 Starship launches in the next four years,” Shotwell said at the Baron Investment Conference in New York City. “We want to fly it a lot.”

The latest evidence? Apple spent billionsdeveloping cutting-edge electric vehicle battery technology with Chinese automaker BYD, only to watch its innovations become the cornerstone of BYD’s rise to global electric vehicle dominance. Apple walked away with nothing. China walked away with everything.

Apple Offers $100 Million to Undo Indonesia iPhone 16 Ban

Chapelle is referring to the scene when Hillary Clinton accused Trump of using a loophole to avoid paying taxes. Asked by the moderator whether this was true, Trump replied that of course it was. “I absolutely used it and so did Warren Buffet and George Soros and many of the other people that Hillary is getting money from,” he went on before delivering the killer line: “She complains that Donald Trump is taking advantage of the tax code, so why didn’t you change it when you were senator? The reason is because all your friends take the same advantage that I do.” The fact that Clarkson was attracted to buying a farm because it came with the benefit of avoiding inheritance tax will also, I suspect, be of little interest to most people in Britain who do not like this government. The fact that he said he bought a farm to go shooting and avoid inheritance tax will, in fact, be seen as welcome honesty.

Forbes Marketplace had seemingly also provided SEO-minded review services to CNN and USA Today, as detailed by Lofgren. Lofgren’s term for this business, “Parasite SEO,” took hold in corners critical of the trend.

When China issued bonds last week, however, they traded at only 0.007-0.029% above the rate (3Y/5Y), and were oversubscribed by 19.9x.As one Chinese commentator put it (via Eric Yeung), “we replaced the Federal Reserve.”Not quite, but you can see a Novus ordo seclorum taking shape.

Ford’s 2024 Q3 Earnings Presentation delivers the details: The year-to-date losses on Ford’s EV business (what the company calls “Ford Model e”) totaled $3.7 billion. Profits from Ford’s “Model Blue” division, which sells traditional internal combustion vehicles, also happened to be $3.7 billion.

Very worthwhile thread about the Matt Gaetz investigation. Almost of this is publicly documented and verifiable, but also deliberately obscured in favor of the simple-minded narrative. Nothing arouses people, or blinds them, more than a DC sex scandal:

The new Jaguar ad also, as Elon Musk and others noticed, doesn’t feature a car.

The ability to encode arbitrarily complex knowledge structures and link them to information assets indicates a major role for topic maps in the realm of knowledge management: Topic maps can be used to represent the interrelation of roles, products, procedures, etc. that constitute corporate memory, and link them to the corresponding documentation.

“The ultralow-cost carriers built a better mousetrap than us for customers that only cared about price,” United Chief Executive Scott Kirby acknowledged earlier this year. But that’s no longer the case: “We just are winning. It is structural. It is permanent.”. …“It achieves the absence of discomfort,” he said. 

One of the most compelling 2 hours I’ve spent listening to a world leader. I had greatly misunderstood Javier Milei. His holistic perspective on economics, philosophy, society, history, and spirituality is profoundly inspiring.

One of Bessent’s strongest attributes/strengths is having seen his own father lose it all