This country literally had a civil war to prevent rich capitalists from owning other human beings. America’s “values” have always been rooted in profit-driven utilitarianism.
Because it's a relevant question to ask? Both replies addressed nothing I said and were in a haste to say what's on their mind vs. process what I wrote.
Ummm, it is actually active with ADAS anywhere? Certainly not in the US.
>The EX90's LiDAR enhances ADAS features like collision mitigation and lane-keeping, which are active and assisting drivers. However, full autonomy (Level 3) is not yet available, as the Ride Pilot feature is still under development and not activated.
Somewhat surprisingly, they’ve also successfully diversified into high-end skincare, applying their chemical expertise to moisturizer forumulations and whatnot.
Yes, exactly. Apparently the chemistry for film emulsion is very similar to what’s needed for skin applications. I think a lot of companies would not be so forward-thinking, so I give them a lot of credit here.
As an old-home owner and a hobbyist woodworker, I can confirm that it’s not user error — old-growth timber really is that dense. Even my impact driver struggles to drill simple holes sometimes.
You’ve posted a 3-paragraph rant on a baseless assumption for a product which hasn’t been released yet. Let’s all withhold judgement until we have more information about how this truly works.
Exactly this, take out insurance, open additional accounts so that the companies livelihood is not dependent on a single bank. What about all the companies who funded all these 'companies' ? Why aren't they stepping in to clean up the mess?
I had no idea that was an option. My google-fu is failing me, what is that called? Who are the providers? Seems like it would be a mega capital intensive insurance product.
edit: this is way out of my wheelhouse, so an actual answer would be educational.
The term to google for is "insured cash sweep", but the specifics depend on the particular financial institution you work with. Instead of a single insurance provider, your cash is sharded behind the scenes among many member institutions. Here's one bank I picked at random from Google[0]. Brokerages like Schwab[1] and IBKR[2] also have a private insurer (both use Lloyd's of London) they offer as a service to customers.
Try searching for "reinsurance" as in insurance for insurance, Swiss Re and Lloyds of London are the two big names I can think of, I don't know much other than that.
The point is that diversifying deposits across banks reduces the risk of failures happening in the first place, reducing FDIC payouts. This incentive structure completely breaks down if there's no cap.
