Sure we know it would be bad, but what do all of these scary numbers really mean?
- At the press time, the value was $21.7 trillion dollars.
- Lots of people know that a default would be bad, but not everybody seems to get how horrible it would be.
- While the risk is low, knowing what would happen if a default did occur is important information for all voters.
The new offices will be built in New York's Long Island City and Viriginia's Arlington.
- Amazon will receive more than $2 billion in incentives from the two states.
- The company plans to create a total of 50,000 jobs at an average wage of $150,000.
- The announcement has caused controversy, raising concerns about rising rent prices and potentially lost resources in communities surrounding the upcoming developments.
Could this be the long-awaited solution to economic inequality?
Under capitalism, the argument goes, it's every man for himself. Through the relentless pursuit of self-interest, everyone benefits, as if an invisible hand were guiding each of us toward the common good. Everyone should accordingly try to get as much as they can, not only for their goods but also for their labour. Whatever the market price is is, in turn, what the buyer should pay. Just like the idea that there should be a minimum wage, the idea that there should be a maximum wage seems to undermine the very freedom that the free market is supposed to guarantee.
It's unlikely that there's anything on the planet that is worth the cost of shipping it back
- In the second season of National Geographic Channel's MARS (premiering tonight, 11/12/18,) privatized miners on the red planet clash with a colony of international scientists
- Privatized mining on both Mars and the Moon is likely to occur in the next century
- The cost of returning mined materials from Space to the Earth will probably be too high to create a self-sustaining industry, but the resources may have other uses at their origin points
The company markedly outperformed Wall Street's expectations in the third quarter of 2018.
- Tesla issued its Q3 earnings report earlier than expected this year.
- The report shows Tesla earned $6.82 billion in revenue vs. an expected $6.33 billion.
- Tesla's Q3 success is largely due to booming sales of the Model 3, the company's cheapest and newest car.
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