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1501  Economy / Economics / Re: Tesla still an unprofitable automaker on: April 28, 2021, 12:53:02 PM
For Tesla, the main issue is that they are unable to make any improvement to their current battery technology. Their batteries are too expensive (contributes to almost 50% of the total cost of the vehicle), too heavy (which affects the performance) and needs to be replaced every 5-6 years. They have a better version available with them, which is more efficient and long lasting. But this version has failed during safety tests. So for the foreseeable future, they are stuck with the current Ni-Co-Al battery technology.
1502  Other / Politics & Society / Re: The people of banaladesh are suffering from climate change on: April 28, 2021, 12:38:19 PM
Yes, exactly. The opposition is both dispiriting and utterly predictable. And it really doesn't help that the nations worst affected by climate change are the poorest and least influential. We may need climate effects to worsen before the powerful start to take notice... maybe once Miami is underwater?

Here is a list of countries that have the highest per capita CO2 emissions:



5 out of the top 10 countries are in the middle east and historically they have refused to act in any form against the emissions. However the blame always fall on developed countries such as the United States and Australia. Slowing down climate change is a combined responsibility and the developed nations can't do everything on their own. What about a 50% levy on crude oil exports from the middle east, to fight the climate change?
1503  Economy / Economics / Re: Covid virus 2021 on: April 28, 2021, 11:25:39 AM
The reason why the cases are growing exponentially is due the mutation present in virus genome, these mutation increase the infectivity rate of virus along with total death count per day globally. But some sigh of relief is that many vaccines are showing good response against Covid19 and the pandemic might end in few months.
This pandemic definitely affected the economy on global scale and many third world countries are the verge of collapse and if the situation continues like this for a year or so than it will impact the world as a whole.

Mutated strains of the virus are wrecking havoc all over the world. First it was the P.1 strain from Brazil, that was causing 3,000 to 4,000 deaths per day in that country. Then came the "double mutant" strain in India (B.1.617) which is said to be 300 times more contagious when compared to the original strain. This strain (B.1.617) is believed to be mutant strain of another mutation, which was originally reported from Kent in United Kingdom. The good news is that the vaccines seems to be effective against all these strains.
1504  Economy / Gambling discussion / Re: Dubai's Government and Gambling on: April 28, 2021, 11:06:43 AM
Different opinions based on different assumptions from country to country. In Dubai they may have to consider religious aspects, which they often do when it comes to political decisions and regulation. They need to stay authentic in public. While taking away human rights based on religious beliefs, how can they stay authentic when they allow gambling and alcohol at the same time?

Dubai is in a trap ad I guess they themselves don't like it as their is so much emancipation going on all over the world.

The gulf nations are being faced with a crisis since the oil prices are down. Their population is increasing and the governments are finding it increasingly difficult to balance the budget solely from the oil revenue. The cheap labor in which they were dependent is also not so "cheap" anymore. Therefore they are exploring sectors such as tourism. Even Saudi Arabia recently stated that they want to expand their tourism sector. Let's see how it goes.
1505  Economy / Gambling discussion / Re: T20 and T20I cricket prediction and discussion on: April 28, 2021, 10:50:14 AM
The 18th and 20th overs should have been bowled by Rabada. Making the 20th over with Stoinis is a mistake and a foolish decision. And as a result of this wrong decision, they lost the match. Hetmyer has batted brilliantly, he has done his duty properly. Delhi seems to be a bit weak in the bowling lineup. The captain has to carefully control the bowling lineup.

Rishabh Pant has batted exceptionally well so far in this tournament. But unfortunately, his captaincy is not up to the mark. First of all he should have bowled out Amit Mishra before the 16th over. If he had done that, then all the 5 main bowlers would have got 4 overs each. But Amit Mishra bowled only 3 overs, and this was the real reason why Stoinis had to bowl the 20th over. Now a spinner can't bowl the 20th over and that was the reason why Stoinis was called up in the first place.
1506  Economy / Gambling discussion / Re: Dubai's Government and Gambling on: April 28, 2021, 07:11:11 AM
It's not possible.

We are aware that in Islamic countries, the government is highly associated not just with political views but with regional views. Gambling is not allowed in these types of countries. There are operating illegally as usual and that was common.

And Dubai doesn't need the gambling industry to become one of their financial resources. They achieved being one of the richest places in the world without it.

It depends on interpretation of the law. If Islamic law doesn't allow gambling, then how come it is allowed in Muslim countries such as Morocco, Malaysia, Bosnia and Turkey? In Turkey, even prostitution is legal. Now Turkey is almost 100% Muslim, and they have hardly any non-Muslim minorities living in the territory. On the other end, we have conservative Muslim countries such as Saudi Arabia and Afghanistan, where the women can't go out of their home alone.
1507  Other / Politics & Society / Re: India covid19 crisis on: April 28, 2021, 05:49:32 AM
^^^^ All sort of fake propaganda is getting spread through social media in India right now. The opposition parties have made this is political issue. Images and videos from 3-4 years back are being spread through Twitter and FaceBook claiming to be people suffering from COVID 19. The left-wing media is also trying to put the sole blame on central government, although the worst situation is present in states which are ruled by the opposition parties (Maharashtra, Delhi, Punjab, Chattisgarh.etc).
1508  Economy / Economics / Re: Tesla Bought 1.5 B in Bitcoins on: April 27, 2021, 01:55:36 PM
If there was any doubt regarding the intentions of Tesla and Elon Musk, then the latter's tweet seems to have removed it. First of all, Tesla has sold only a small portion of the coins it hold (10% to be precise) and Elon's explanation is that they sold the coins to test the liquidity of Bitcoin. In the end, it turned out well for all the sides involved. The reaction from the cryptocurrency market has been overwhelmingly positive, with BTC rising by 8% against the US Dollar.
1509  Economy / Economics / Re: Covid virus 2021 on: April 27, 2021, 11:49:05 AM
The case in India reminds us of the importance of adhering to health protocols. Cultural rituals that occur in the Ganges are proof that we must be aware of this virus. many people do not believe it, but for those who have experienced it, I think will have another story

From what I have seen, a section in India are very quick to blame their government, but they are very careless as far as social distancing or wearing of masks are concerned. Everyone wants to blame the authorities, but at the same time they are not adhering to the protocol. Those who blame the government right now are the very same people who criticized it when the lockdowns were imposed. Every single issue is getting politicized, both by the ruling party, as well as by the opposition. All that said, there are a few states which have handled this crisis really well - Odisha, Assam and Tripura. These state governments have worked on the ground, rather than indulging in blame game. And the worst handling of the crisis was done by tje states of Maharashtra and Delhi.
1510  Economy / Economics / Re: Economy after COVID-19 on: April 27, 2021, 11:01:19 AM
Large crowds are the ideal environment for the widest possible spread of the virus, and even such wonderful holidays as Holi / Festival of Colors. If everyone is at home and has little contact (quarantine), the rate of transmission from one person to another slows down dramatically. And the more close contacts, the more transmission channels, there is pure physics of transmission. Those. just a new virus will not give an outbreak, which, in general, is proved by other countries that also suffer from 2-3 waves and new and mutations, but adhere to strict restrictive measures. IMHO - in the first place, among the reasons for the explosive growth, most likely mass celebrations and events, or rather large gatherings of people.
Another question - is there statistics on how many people take part in these mass events?

By the way, if you look at the same Brazil, you will notice that between the carnival in 2020 (March 2020) and the beginning of a noticeable increase in the disease, the same approximately 1.5 months can be traced (May 2020).

I will add another example from life - despite the fact that in Ukraine there are not a full 40 million people, but in the capital there are about 4 million people, this is absolutely not commensurate with the population of India, but as soon as, after the new year, many decided that "the disease is controlled ", and began mass visits to shopping centers, cinemas, restaurants, pubs, etc. - after 1.5 months we received a "result" - a noticeable surge and an increase in the detection of new diseases. True, at first we pretended that everything was fine, and then realized that we were on the verge of a new explosion of the disease, and introduced another quarantine in many regions of the country, including the capital.
I will also add that the period is 1-1.5 months, this is exactly the period when a critical mass of carriers and primary cases is formed, after which an explosive growth of the disease begins, this is quite consistent with the model of the spread of the virus.

I had also explored about the possibility of a spike created as a result of the Holi celebrations. But my contacts vehemently deny that it is possible. One factor that they point out is that there was absolutely no spike after the new year celebrations (the number of cases on the contrary went down in January). I know that new year celebrations are quite big in India and there was no social distancing or government restrictions at that point of time. The situation was quite relaxed back then. Then suddenly during the first week of April, the cases started exploding all of a sudden.

One explanation that I have heard is about the UK strain. In India, it was first reported from the state of Punjab. Then it spread to other states in North India. I don't think that Holi was the trigger, because it is not celebrated in South India. However, the recent wave impacted South Indian states as well.
1511  Bitcoin / Bitcoin Discussion / Re: What will you do if Bitcoin hits $1m in the future? on: April 27, 2021, 10:37:16 AM
There is one thought that I cant get rid of. The situation when a lot of people worldwide suddenly becomes millionaires, wont be liked by current extra rich people. They will see only competitors in them. That is why I think they will do their best not to let Bitcoin price climp that high. They will try to hold the growth or will try to buy as much as possible Bitcoin from them, only not to let other be also rich as them. That is why I have a thought that Bitcoins price of $1kk is far away.

The current bunch of billionaires are not going to like it. No doubt about that. They have worked for 30, 40 or even 50 years to reach that position. And then suddenly we have a bunch of millionaires, who increased their wealth by 10,000 times or so in 6-7 years. Not just the current oligarchs, but the politicians who are on their payroll are also not going to like this scenario. That said, what are the options they have? All they can do is to whine about the connection between Bitcoin and dark market and give some ridiculous theory why Bitcoin should not be taken seriously. Warren Buffet has already done that, if you guys remember. In the near future, we will witness similar meltdowns from more of these people.
1512  Economy / Economics / Re: Could Bitcoin Smash Socialism in Venezuela? on: April 27, 2021, 10:23:44 AM
It is possible that if you show the majority of the people a common-sense economic model that works they wouldn't reject it. The problem with certain national economies is partly due to pressure to apply extreme economic models rather than something that works, is safe and sustainable.
I would be surprised if they reject a safe economic model that combines both socialism, capitalism and other models that are suitable to their way of life.

That is not easy. Even the public in the United States have gone for a governing model that is in favor of higher taxes and higher government spending, after dumping the low-tax, low-government spending model. The problem with this model is that it incentivizes the non-productive population and punishes the successful people who are creating wealth. This is a global trend and the same is happening with Venezuela as well. Everyone want free money and subsidies from the government, although it means that the economy will be destroyed in the long term.
1513  Economy / Economics / Re: Economy after COVID-19 on: April 27, 2021, 09:47:36 AM
I absolutely trust you, and that is why I asked the question - in India in the near future there were no events / holidays that were accompanied by mass events? This is one of the options explaining the "vertical" graph of the growth of new infections.
Once again - I am not trying to comment and draw conclusions on the counting in India, I want to understand the reason for the sudden, abnormally, explosive growth of new infections.

The major festival (Holi) occurred two months back and I don't think that there was any spike as a result of that. IMO, the sudden spike in the number of new infections results from the highly contagious double-mutant strain (B.1.617) of the virus that has been discovered in India. Many of the countries that are badly hit by CoVID 19 have reported similar strains (P.1 for example, which was first reported form Brazil). I would argue that the new strain is causing an explosion in the new cases, and not any mass events.
1514  Other / Politics & Society / Re: India covid19 crisis on: April 27, 2021, 07:54:45 AM
I don't know where you get this argument, which sounds Malthusian. Can you back it up with some links? The world population has not stopped growing and people are living longer and better. I understand that the problem is not so much population growth but that they are a poor country to begin with.

What are the reasons for poverty? At least in the case of India, the main reason for poverty is that there are not enough natural resources for the huge population. Only around 1 million sq.km of arable land exists in India, and there are some 800 million plus people who are dependent on farming. That translates to less than one acre of farmland per farmer. Ideally the governments should encourage some of these farmers to move towards blue-collar or even white-collar jobs, but the farming lobby has put so many obstacles. Farming income (without any upper threshold) is 100% exempted from income tax, while blue-collar jobs are heavily taxed. Within India, the highest living standards are observed in the state of Kerala, where the fertility rate is 1.8 children per woman. On the other hand, the poorest state is Bihar, where the fertility rate is 4.0 children per woman. 
1515  Economy / Gambling discussion / Re: 2022 FIFA World Cup in Qatar - UEFA Qualifiers on: April 27, 2021, 07:42:36 AM
Few believed that Macedonia would win Germany. But whoever was "crazy" and bet on Macedonia, ended up being happy.
Of course, Germany's chances of winning are enormous, and no two games are the same.
Either way, betting is just that, the chance to take a chance and in the end be happy.

And those who actually watched that match would agree that North Macedonia was the better team on that day. Actually the margin could have been greater. Germany got one penalty kick which they didn't deserved and North Macedonia was denied of a deserving penalty kick. So the real margin could have been 3-0 instead of 2-1. Now Germany's next match is against Armenia, and the latter is in great form recently. It is not going to be very easy for Germany to end up as the top team in their group.
1516  Economy / Economics / Re: Bangladesh Bank will not leave any digital currency in the market on: April 27, 2021, 06:55:50 AM
Ban in Bangladesh was there even before the incident happened in India if I am not wrong so yes the people already aware of the cryptocurrencies and the profit making opportunities but due to the ban from government they need to do every trading under the radar s they won't pay any taxes for it and also traders can set premium prices due to the ban in place.

I have heard about a few incidents where cryptocurrency traders were arrested in Bangladesh. But it is a country with a population of 160 million and there are tens of thousands of users. One or two arrests are not going to discourage the traders. They have simply moved to P2P platforms and other anonymous exchanges to do trading. The Bangladesh government is going to lose tax money and that is the only outcome of this stupid move. And as far as the global cryptocurrency market is concerned, no one really cares about Bangladesh. It's such a small market.
1517  Economy / Economics / Re: Economy after COVID-19 on: April 27, 2021, 06:37:42 AM
Do you understand what the problem is? India's statistics, have "anomalies", from general, less standard statistics. Just like that, there are no anomalies! Anomaly is an indicator of an unknown process affecting the indicators ... Why I talked about data manipulation - the picture is very similar to the data manipulation that our government "does".
I am very worried about the "shooting" almost vertically upward incidence graph for just a few days. In other countries, 2 and following waves have a growing chart, a wave. In India now - the candle is up. Tell me - in India in the near future there were no mass holidays with festivities and mass festivals?

Listen. I have lived in India for a long time, although I am not a resident of that country right now. I still have a lot of relatives and friends over there, and I have a good idea about the situation there. You are someone who is residing in Ukraine and have no idea about how things work in India. You don't want to take facts in to consideration and blindly want to argue that all the data is manipulated. The simple fact is that Asian countries have fared much better than the European or American countries as far as CoVID 19 is concerned. And this is despite the fact that the European/American nations hoarded all of the quality vaccines.
1518  Economy / Economics / Re: China to overtake the Us as the largest global economy by 2028? on: April 27, 2021, 06:17:28 AM
And now I see a lot of powerful people who have been commenting that the rise of the East, I fully support the arguments in the above article. Do not know if people learn about the upper silk road that China is building and there are many factors that show that they will rise strongly in the future, forecasting China's economic position will American replacement is an understandable thing.

The difference is that China is spending its money on building various infrastructural projects all over the world, while the Western nations are wasting their money on useless wars and conflicts. For example, China has allotted a total of $900 billion for the new Silk Road initiative. On the other hand, the US spent $2 trillion on the war in Iraq alone. The government preferences are very different in both China and the US. Now the Westerners are just jealous that China has managed its money in a better way.
1519  Bitcoin / Press / Re: [2021-03-24] Elon Musk - now you can buy a Tesla for bitcoin on: April 27, 2021, 06:07:44 AM
It is good to see someone of Musk's caliber (power, status, wealth, influence) showing love to the underdog. It goes to show that the big boys are pulling out all the cards. Up till now, nobody thought institutions and big guys payed much attention to cryptocurrency but proves they've had on there poker faces for some time now, definitely fooled me. Musk's huge investment surely caused that last bull run surge we had a month or so ago, no?

Actually Tesla's moves with cryptocurrency took the exchange rates of Bitcoin above the $50,000 level on two occasions. The first occasion was on February, when they announced that they had accumulated $1.5 billion worth of BTC. And then once again, this week they announced that they have liquidated 10% of their holdings and they received a net profit of $100 million plus as a result. This news resulted in the exchange rates jumping from $49,000 to $53,500.
1520  Other / Politics & Society / Re: India covid19 crisis on: April 27, 2021, 05:51:13 AM
The Covid-19 cases in India is rising rapidly, with the country having inadequate hospital beds and oxygen. And the number keep increasing, recording more than 345,000 cases in just one day. And what surprised me most is that India is known for producing the world largest Covid-19 Vaccine. The world health organization have to help them before the situation gets more critical. I think we can reduce the number of cases, if we take Covid-19 measures.

India has a population of 1.4 billion, which is growing at a rate of 2% per year. This is the root cause of most of the social issues in India (such as unemployment, poverty, lack of adequate medical care.etc). During this time also, the situation is no different. States where the population growth is low (such as Kerala and Tamil Nadu), there are enough facilities available for everyone. On the other hand, states with high population growth are suffering not just from the shortage of medical facilities, but also from the shortage of skilled medical staff.
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