How does this practically work? Russia fires all the executives, replaces them with their own and redirect the profits? No impact to the remaining employees?
Probably something like that. Heck, probably most of the local executives are Russian, so they were probably in on the government take over. Now they are running the company for Putin. Danone and Carlsberg deserves to have their operations taken over since they decided to continue to run their business in that company.
Did you… like… miss the HUGE protests that lasted MONTHS in Iran, and the violent reaction to the protests the regime had, due to the morality police killing a girl who was refusing to wear a headscarf?
This isn’t and never was a “money grab”. This is an entire populace struggling against a murderous and oppressive theocratic dictatorship.
Not to mention hundreds that died during the protests, several death sentences issued and thousands more arrested by the state for participating in the protests
AIUI the small print during donation allows for skimming off a fraction of any donations away from his campaigning to a corporation association with finding his court cases.
They’re going into a serious recession, between real estate and interest rates elsewhere slowing investment and spending there’s no major growth engine anymore, their consumer spending is collapsing in anticipation of a severe downturn.
There’s a bigger picture at play too. China has been making itself attractive for researchers in general. It’s not just Chinese scientists moving back. An increasing number of other scientists are choosing to work in China over the U.S.
In fields where China was pushing it earlier we’re starting to see the results already. There are several fields where a plurality of top tier publications come from China.
No idea if China is better but western academia requires spending 95% of your time playing politics/begging for funding and pays worse than fast food for the first decade or so whilst requiring you to go into debt you will never pay off while everyone around you not-in-academia accuses you of being a woke coastal elite, grooming children, and spreading lies about poor defenseless shell and chevron for profit.
Debt is likely less of an issue here. These are PhDs and they tend to be funded by grants. Students typically pay no tuition and get some stipend for expenses.
Of course, graduating debt free with a PhD in molecular biology from a top program is less exciting when you can’t land a single interview for a junior faculty role.
Industry may pay twice as much but if you love research and China offers you lab space, you’ll consider it.
China now graduates almost twice as many STEM PhDs as the US does. A lot of people move after their PhD but they tend to stay in country.
I also think, anecdotally, that new PhDs have a harder time finding a job here.
Overall China just seems to make more effort to attract scientists. They promise, and deliver, the two things scientists care about, funding and academic freedom.
The thousands of workers that will lose their jobs. And every other worker that recognises how technology replacing their roles or being used to destroy salaries affects them.
I’m glad you’re so sheltered and insulated from the consequences of it that you can behave this way, but the rest of us aren’t.
As much as everyone is willing to find anything disparaging for Florida, there’s more here to take away. California is in the same situation and ultimately every State will come to face this.
The underlying issue is climate change. Insurance bets long and with the climate changing on an almost yearly basis now, there isn’t a long game to play. If the various leaders of this planet do not act on this challenge the long term cost is only going to go up.
Florida and California are just the heralds, this IS ABSOLUTELY coming to every doorstep on this planet.
One major difference between Florida and California; Florida passed laws banning policies based on climate change. As in, the government there cannot plan for it, and insurers have to pretend it's not happening to operate in the state.
So the insurers have decided to pull out of the state completely.
The state government under DeSantis is telling Florida "this is normal" while streets melt and the world burns.
Screw around and find out, Elon Musk...That man's choices lead to this outcome, and I want to see him simmer in the shit stew. Keep the great news rolling in! 😏
Lol he doesnt care bro. Remember he’s a billionaire, even if he spends $20 million a day, he won’t be able to spend it all in his lifetime. 9-5 plebs like us can only wish of this one day to put this into perspective, I got a $200k loan which will take me 30 years to pay it back lol
He paid 44 billion for twitter, that’s pretty big chunk of his wealth. And most of his wealth is tied to his shares in Tesla/SpaceX and he can’t liquidate them without massive negative impacts on their value.
A lot of billionaires are rich on paper. $44 billion of liquid assets is much more than it would appear.
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