From what I've already read and have been continuing to research, there are two major motions moving the markets today. Japan's yen was so heavily traded into USD for options and calls (and shorts), which now with their interest hike has them scrambling to cover the loans on foreign exchange. This is a big part of the selloff.
Secondly, there are swaths, and swaths, and swaths of debt that are due in short term, namely Q4 dependent (big lenders) and it is very unlikely they'll get paid. The credit markets are in shambles right now.
Good luck to all of us this is going to spread to all markets and due to US fear and panic, along with the political battles, this isn't going to end well any time soon.
I have extensive knowledge in the restaurant arena, stemming from over 25 years of managing, owning, operating, and building restaurants.
This article is an absolute fluff piece aiming to tip a nodded hat at the industry as a whole - for maintaining the industry at its status quo.
Unfortunately, the restaurant industry has changed dramatically since 2020 (pandemic initiated). Cost, immutable variables between staff and guests, and likely most fundamentally - an industry unfit for a single entity to operate on his/her/there own.
Socio-economically the industry has suffered far more than other industries and continues to. Add in the decade long push in comfortability (delivery) and the break in social activities due to the pandemic, and the third space is no longer a safe, meal-sharing, getaway.
Dine-in, sit-down restaurants are going to continue to struggle until they regain their 'third space' appeal. In the meantime you can continue to purchase low-quality food, put up with terrible service, and pay extravagant pricing for delivery.
As for wages - the only reason this person has a comparable wage to an entry-level technical programmer is because Cane's is as large and funded as it is - combined with the current 'big boys' competition in the industry. Culver's, In'N'Out, Raising Cane's, and several others from large groups are the only competing brands at the moment in large retail spaces.
And as is usually the case this hails from California where pay scale outweigh most of the country save for the hot spots everyone knows.
This is targeted at the industry as a whole - it's not a reflection of the industry at all at it's current status.
We know so much and yet so little. The writing is in the article stating how mathematically they have no model, therefore they cannot truly understand it yet (researchers/academics).
This is true for climate change and it's own challenges along with many other applications of similar nature where models are incomplete or entirely missing large portions of data needed to further true understanding of a given process.
The first part implies that we cannot model something we don't have a good picture of. The data collected for climate modeling scaling back millennia first, then on to the decem mil; etc. Going back an aeon it becomes even more unsubstantiated.
The second part implies that while certainly many in academia and beyond are fully aware of our constant change, we tend to lend society a belief that time stands still. Same as it ever was, the moon follows the sun, the north star is essentially stationary. These types of conventional take generally wreak havoc in large scales.
And if we naive humans know anything worth knowing at all, we certainly know our perception of large scales lacks in enormous context.
It is naive of humans to believe we can accurately model something we cannot measure against. Until a time machine enables someone to vastly scale back climate data, we have a huge missing gap and continually rely on the short term models for association, whereby those models are a collaboration of data collected over roughly 400 years. The last 250 are better statistically and the last 50 are exceptionally accurate.
But to levy them upon data extrapolated without correlation is where science falls short. You can surmise the corroboration between soil, ice, and methane samples as well as biological data from the eons; but piecing together a picture is more akin to believing the extremely faint stars you see in the night sky - are still there.
We tend to believe what is in front of us not realizing that change is happening all around us, every moment, every microsecond. Nothing ever stays the same. This is true of climate change as it is humans.
The debate on what to do about change and how much humans have potentially and/or are contributing is an entirely different discussion. With technology perhaps we'll coalesce. It is otherwise far more likely that the planet and the cosmos could make it so we can't.
This again leads me to believe that we as humans have not and may not evolve past the |individual| and breach the theoretical line between what is good for one (me) and what is good for all (everyone).
Only when we as humans evolve our philosophy of existence in a manner which puts our continuity above all else, will we progress to our next universal evolutionary jump.
Until then only modest progress will continue slowly understanding limitations of physical matter (resource depletion and renewing), social strife churning at a snail's pace (the entire world is uneven at many levels socio-economically), war among ourselves will continue (instead of protection from outside or unknown source, we force offensive military campaigns to manage more of the above), and lastly academia has been inundated with the likes of Catholic Hereticism in the likes of Galileo style subjection.
We're nowhere close to evolving as a species on the whole. Combined with the perceived ideology that (right now especially), rigid frustration abounds in various social, work and familial circles simply due to the nature of our current macroeconomics. It's unfathomable to me that the grander picture is always blurred to the current state of existence.
The cost over time generally tends to weigh heavily on the initial budget. Small reactors don't replace large ones for large needs, even if multiple are built (this hasn't even happened yet!).
What small ones can do is afford either government/public/private energy sources in localized areas. Infrastructure was built upon technology stacked on top of previous; dirt to stone, stone to asphalt, and on; etc.
The same is inherent with nuclear. It is easy to tie in to the existing grid, but the grids are extremely out of date for the growth of populations in general.
A large mix of SMR's could absolutely fuel energy needs in both the short and long term as technology continues to improve. The cost is a metric of current economics/interest. That's the problem right now - perspective states it's unaffordable because we've pivoted it that way.
This is going to come off as esoteric or metaphysically based. However, that is not my intention. I base the understanding of simple and/or complex ideas/theories on context alone. Meaning, much can be extrapolated if you simply philosophize the workings of a given system rather than detailing how the system is actually deployed/executing.
Example - if all matter we interact with in our world (and manipulate) is essentially compiled in different formations but derived from the very same essence of building blocks. . . then every living organism and inate object is inherently linked together somehow, someway.
The same goes then, for human experience (and thus a reflection of material basis and external fields applied). If a ferromagnetic material (iron) is capable of becoming ferromagnetic permanently and also capable of existing without, then not only is the inherent expectation of matter to transform from one form to another; external experiences applicably experienced result in the same manifestation.
But once again - If you happen to concede the notion that all things in the physical universe are essentially built from the same blocks, then so are the experiences of humans as well and as expected would appear to be connected in some way as well. Meaning, the experience affects the subatomic or quantum levels, thus changing quantum properties resulting in a formal change to the underlying building blocks (genes, DNA copy, etc). That's my take.
To me, this OP is just an example of exposing this on a philosophic level.
Right, it's not about the conditions, it's about the ability to perceive those conditions. However this asserts that we won't change how we construct, manage and maintain the routes of travel. Is it unlikely roads will become retrofitted in an effort to enhance the needs of autonomous vehicles?
Seems likely to me; we built EV's before we built the infrastructure to support them and conversely we created in infrastructure for petroleum vehicles before they entered mass production at the largest of scale in the period (1950's) after the fact.
I don't see how autonomous vehicles are not going to become a reality. Perhaps not in my lifetime, but, absolutely likely and possible.
We have a problem with data - even when we apply our newest advanced technologies to put data in ever increasingly small environments (even down to the atomic level), entropy still exists.
So what we have is the ability to input data, but not yet a delivery system and retrieval system that can fit on say, a small chip, or light array, or other small systems.
It's a giant part of reason we'll see diminishing returns with data being applied in classical material approaches. New materials (currently being workd on, like graphite and others) will be needed to harness the compute power to enable large scale data capabilities at increasingly smaller and smaller levels (already a well known issue to be resolved).
Similar in physical approach but different in application would be TinyLM.
Timeline? Not sure but we created ION drives over 30 years ago. Seems to me we're limited not by the science, but the material needs to continue technological advancement. Seems to me autonomous driving is within reality in under 25 years. If I had to put a guestimate on it.
This is an inherently naive take. I understand why you have it and where it comes from.
It is however, disconnected from reality. Basic fundamentals of human existence since the dawn of time remit one thing above all else in a large civilaztion:
Money and power dictate the actions of those wielding it and use it to continue a very closed cycle of power enticing money and vice versa. Period.
Put any government up against that, any mega-corporation, and nearly all individuals whom are not named that have more money and control over assets (including populations) than you are keen to continue to remain in this cycle.
"Doesn’t it make sense that the next step is to discover there are multiple universes?"
That depends. Multiple universes don't explain causation. For example if you assert that all things present in the material world you live in (right now) at some point transcended existence in thought only to a material form (the planet didn't build concrete, we did) - how does this fit through entropy in a multiverse? To assert that in a multiverse the causation is defined by tuning, the existence of a universe in contrast to that which we are currently experiencing brings no causation from one to another. To me, this implies that a 'multiverse' is likely not the case; rather - dimensionality within the universe we experience is much more likely the case for a unified cosmos, given the fine tuning.
As Tesla would say, to understand the world you have to understand frequency and vibration. Such as, matter is able to exist in multiple form with the same building blocks, thus extra dimensions would posit why this is possible across relativistic time by the observer. We're bound by our dimension and other dimensions are not.
You and I experience in 3D - but what about other organisms, perhaps they have attained an experience of our cosmos in other dimensions.
Why are humans so often seeking to bind clarity about our universe behind a non-connected ideology? Meaning, outside of theism we find ourselves in a scientific endeavoring; and both sides agree at some point connectedness among 'life' rang unshakably true - via faith and via experimentation. However we skip right over most of that in seeking truths in complex detail - when - it would make much more sense to me to find the simple truth in reality.
I see the world (Earth, specifically, then my perception of it, and ultimately the cosmos behind that) as inherently connected at the most basic of levels. Science has shown us that much of the physical world that we can interact with is uncannily common in structure - we and stars are essentially made up of the same basic materials - as is everything else in the cosmos.
So why then, do we concede a connected cosmos at its core (basic building blocks) and instead seek to dissect this basic cosmic connection - via theism, or reality, creationism or intelligence on cosmic scale?
To me, if everything you can see and touch and interact with was at one point basic building blocks of all things, why would consciousness be different?
Suggestion: (to video maker)
1. Leave the design open source, create a second design (more efficient/whatever you think defines the declaration of value).
2. Package second design parts together for sale and let the public purchase so they can run around and find disposable vapes and make their own.
3. Profit.
No need for steps 4 and 5. (Rinse & Repeat new models).