Object Lessons: HQ2 Edition

The Real Real got hit with a $5 million law suit because, according to the complaint, TRR “systematically inflated the total weights of small uncertificated gemstones knowing that the average consumer would have no way to know that the weights were inflated.”  I’ve read rumblings about problems with TRR’s authentication process, but the allegation the company is actively defrauding buyers is stunning. Given my own bad experiences, I’m resolved to steer clear.

This public defendant is a friggin’ saint: when being a good lawyer means dressing your client.

My Money Blog deconstructed Charlie Munger’s life and turned it into a financial independence blueprint. Munger’s approach–building up to 10x annual living expenses through saving his salary and then pivoting to more aggressive investments– seems like an appealing alternative to sticking it out with a job until I’ve reached 25x. I’m not a real estate investment sort of person, so I’d have to think of another type of business that’s scalable.

Seventeen states introduce right to repair legislation. Good, I say! The fact that only Apple can replace batteries on their laptops and mobile devices is absurd and anti-competitive.

Amazon announced their candidate cities for HQ2. Not to be a major NIMBY about it, but I really hope it doesn’t end up in my metro region. The recent immigration of highly-paid tech workers (myself included) is pushing local housing costs to their limit. The current rate of housing development already can’t keep up and is hollowing out the city’s middle and working class households. Not to mention my generally iffy feelings about Amazon and the absurd tax breaks cities are offering. For instance, Chicago proposed letting Amazon keep tax revenue generated by its employees. Bonkers! Is your city on the list?

After demonetizing a bunch of LGBTQ and mental health-related content last year, YouTube has decided to up the ante and cut money going to smaller vloggers by raising the standards for ad eligibility. Meanwhile, after years of pushing brands to pivot to video, Facebook overhauls their news feeds algorithm to, you guessed it!, “de-prioritize videos, photos, and posts shared by businesses and media outlets”. It’s almost as if these huge online platforms don’t care about their content creators at all.

Not all technology is bleak though. For instance:

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Object Lessons: Capitalist Overlords Edition

From Bloomberg: “Major companies including Cisco Systems Inc., Pfizer Inc. and Coca-Cola Co. say they’ll turn over most gains from proposed corporate tax cuts to their shareholders, undercutting President Donald Trump’s promise that his plan will create jobs and boost wages for the middle class. The president has held fast to his pledge even as top executives’ comments have run counter to it for months. Instead of hiring more workers or raising their pay, many companies say they’ll first increase dividends or buy back their own shares.”

Everything I know about capitalism I learned from this paperclip game. (Warning: do not engage unless you’re looking to kill about six hours.)

Should law enforcement need a warrant to get your phone location data from service providers? I think the answer is clearly no, but it’s interesting to contemplate an alternate world where companies didn’t collect our metadata in a centralized fashion by default.

Jeff Bezos wishes there were a trillion people in the solar system because then “we’d have a thousand Einsteins at any moment.” Personally, I’m way more interested in all our “lost Einsteins“– bright kids from low income and minority backgrounds whose talent is being left untapped.

I just discovered thegeneraleconomy Instagram and it’s the most refreshing “commerce” site I’ve seen in a while. It’s like Poshmark meets minimalism, minus the seller’s fees. Could definitely be dangerous if I got back into the clothes shopping game.

I was once into lifelike doll-sized architectural replicas, so this Buzzfeed video in which producers cook tiny food with a palm-sized working stove speaks to a special place in my heart: