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Cake day: June 8th, 2023

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  • Unfortunately, living in the US, I would not take a job with a pension because the (private) pension system cannot be trusted. I remember the 00s when many company pension accounts went bankrupt, because companies were no longer offering it as a benefit and it was easy enough to screw over retired past employees. Companies would take poorly performing divisions and their pension plans, spin them off as a new company that would quickly file for bankruptcy.

    I would not trust a pension without it being insured by an organization like the FDIC. Even then, I would be afraid that my pension would not cover living costs due to inflation.

    Luckily there are alternatives. I have a 401k, which should give me a steady flow of inflation proof dividends… until a market downturn wipes it out. If that happens, I can fall back to Social Security. Don’t believe the baloney that the government will ever let Social Security go bankrupt. They will just cut down benefits.



  • The model only works if users are forced to subscribe to a battery swapping service for the full life of the vehicle (or there is a large upfront fee to join with a used vehicle). Otherwise it would be too easy for a consumer with a worn out battery to do a one-time swap and get a like-new battery as a cheap alternative to very costly battery repairs. The dumped battery is likely to have very poor range and the battery swap company will need to dispose of it.











  • TAG@lemmy.worldtoCalvin and Hobbes@lemmy.world31 May 1987
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    1 month ago

    From a high level, small plumbing repairs are easy: screw hoses together, water flows down hill. The devil is in the details and oh boy is it quite a devil. Parts are often rusted in place. Trying to shut an old valve can just as easily create an additional leak. In many American homes, working on a kitchen sink is especially difficult because it is built into a narrow cabinet and there may be a garbage disposal and dishwasher hookup getting in the way.