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Business, Economics, and Taxes: Eat Cereal for Dinner

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But I am sure Gretchen will get Trump to get more jobs for Michigan!
#BendThatKnee
 
Addition by subtraction. Volvo, being a foreign corporation, uses foreigners in their factories and shit. No more Volvo, no more foreigners.

Didn’t even need ICE. Cost effective.
 
We have been assholes all the way.

Wealth inequality began shaping human societies more than 10,000 years ago, long before the rise of ancient empires or the invention of writing.

That’s according to a new study led by Washington State University archaeologist Tim Kohler that challenges traditional views that disparities in wealth emerged suddenly with large civilizations like Egypt or Mesopotamia. The research is part of a special issue of the Proceedings of the National Academy of Sciences, co-edited by Kohler and Amy Bogaard, an archaeologist at Oxford University in England.

Drawing on data from over 47,000 residential structures across 1,100 archaeological sites worldwide, the researchers used house sizes as a measure of wealth. Their analysis shows that wealth inequality started to increase roughly 1,500 years after the advent of agriculture in different civilizations across the world. This effect was driven by population growth, competition for land and the development of hierarchical settlements.

“Many people imagine early societies as egalitarian, but our research shows wealth inequality took root surprisingly early,” said Kohler. “The shift wasn’t instantaneous. It grew gradually as societies expanded, populations increased and resources became more constrained.”

The study highlights several key factors contributing to inequality. As farming communities grew, land became a finite resource, leading to competition and innovations like terracing and irrigation to boost productivity. Over time, larger settlements emerged as hubs of economic and political activity, where wealth began to concentrate in the hands of a few households. These wealth disparities were particularly evident in high population settlements, which exhibited greater inequality than smaller communities.

One of the study’s significant revelations is that wealth inequality predates written records, with evidence showing disparities existed even in the earliest agricultural societies. By applying the Gini coefficient—a standard measure of inequality—to ancient house sizes, researchers discovered that early farming villages were relatively egalitarian. However, as settlements became larger and more complex, economic disparities grew.
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At first, the bright exploited the average and low-functioning masses for their personal benefit. Eventually, their spawn got dumber as it always does, and the subsequent generations simply got richer off of timely investments, interest, and equity. Thus, now the stupid rich can exploit and typically defeat even the intelligent poor.
 

Lora Kolodny (@lorak.bsky.social)

Tesla reported a 20% drop in automotive revenue as Q1 results missed even tempered Wall Street expectations... (this is a developing story check back for updates) https://www.cnbc.com/2025/04/22/tesla-tsla-earnings-report-q1-2025.html
bsky.app bsky.app

Tesla reported a miss on the top and bottom lines in its first-quarter earnings report on Tuesday as automotive revenue plunged 20% from a year earlier.

Here are the key numbers compared with LSEG expectations.

  • Earnings per share: 27 cents adjusted vs. 39 cents estimated
  • Revenue: $19.34 billion vs. $21.11 billion estimated



Total revenue slid 9% from $21.3 billion a year earlier. Automotive revenue dropped 20% to $14 billion from $17.4 billion in the same period last year.

Tesla said one reason for the decline was the need to update lines at its four vehicle factories to start making a refreshed version of its popular Model Y SUV. The company also pointed to lower average selling prices and sales incentives as a drag on revenue and profit.

Net income plummeted 71% to $409 million, or 12 cents a share, from $1.39 billion or 41 cents a year ago.
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Faiz Siddiqui (@faizsays.bsky.social)

🚨 Tesla posts a $400M profit, down 71% year-over-year. Revenue is down nearly $2B compared to the same time last year. Wow.
bsky.app bsky.app

But the kicker:

Faiz Siddiqui (@faizsays.bsky.social)

Without $595M in automotive regulatory credits, which other manufacturers buy off Tesla to comply with emissions requirements, Tesla would have posted a loss this quarter.
bsky.app bsky.app

Tesla would have lost money if not for selling off regulatory credits to other companies.
 
ticapnews said:
Was going to reshort the market today but remembered that I cashed out for a reason. Dodged that bullet.View attachment 408
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Wall Street is living in a desperate fantasy land where they use any hint from the Dump administration to suddenly go “buy buy buy!”

The reality of the economy is not reflected in the stock market, and likely never will as long as Dump is President.
 
Jimjamesak said:
Wall Street is living in a desperate fantasy land where they use any hint from the Dump administration to suddenly go “buy buy buy!”

The reality of the economy is not reflected in the stock market, and likely never will as long as Dump is President.
Click to expand...
Yup today they bought because they got some idea the trade war might be cooling...so dumb.
 
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