One of the many problems in the US court system is the lack of proof-of-work required to file complaints or motions.
A licensed attorney with find + replace can easily copy another party's filings and give you big legal bills in the process.
The bar for winning attorney's fees
is too high for frivolous motions and complaints, imo.
In the UK, the loser pays the winner's legal bills.
In the US, that only happens if you can show the other side acted in bad faith. It's too hard to do.
This was just filed against my company. They want to dismiss the lawsuit for lack of personal jurisdiction. They filed a very well cited 9 page motion to dismiss...
Only problem is...
How are you going to dismiss a lawsuit that closed 11 months ago? We already have a judgment against this guy.
Did that attorney really write 9 pages of heavy law and not check that?
This is legal copypasta!
Now, I have to reengage my attorney, pay a retainer, and then they're not going to want to file a simple "uh, this is a closed case" because that's not how money is made.
It's a big headache, all because some lawyer filed a pointless copypasta.
I made a mistake. He filed separate motion to set aside the judgment against him, so we will need to address this properly. I still know it was a copypasta though.
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Short off-the-cuff thread with the 6 reasons why Chinese manufacturing is so cheap.
Conclusions draw from my experience buying from China for 11 years, Vietnam 6, Cambodia 3, and USA on and off.
Also based father-in-law's experience who operated factories in Taiwan, Malaysia,
China, and Vietnam.
Reason #1: Cheap labor. Chinese workers are significantly less expensive than other countries'. 1.4 billion people matters, a lot. Especially when there's a glut going into the workforce, but what about now?
Reason #2: High worker efficiency. My Korean-run
factories outside of China say the same thing that Taiwanese father-in-law says: Chinese worker efficiency is unparalleled. Direct quote from Korean factory boss "Chinese workers are happy to work 11 hour days. Vietnamese workers want to relax and enjoy life."
It definitely feels like we’re headed into another bout of 1970s style US inflation but the more I think about it the more I think it will be similar but also different.
1) we didn’t have software in the 1970s like we do today. Demand for
software does not drive price increases like it does for fixed supply high marginal cost physical products. So it’s unclear what will happen there.
2) In the 1970s a much larger percentage of the hardware we bought was made here. Now it’s all made overseas. Before demand could
for domestic wages but now it drives a lot of that demand in Asian wages, which is very different.
The prices of goods are definitely going up but outside of government assistance and lower wage earners it doesn’t have to go up here.
Does Amazon make money on the shipping and fulfillment it charges FBA sellers?
They don't reveal these data but there are clues implying this is a strong profit center.
Here's one example:
- $5.27 to ship out of our warehouse
- $7.48 to ship out of Amazon.
Here is a graph of 152 skus for which we have data.
When the red line is above the blue line, it means our shipping cost is higher than Amazon's.
When the blue line is higher, it means Amazon is more expensive.
To make this comparison apples to apples, remember:
- Amazon is including the cost of the box and fulfillment, we're not here ($0.30-$0.50 for us).
- Amazon has robots, we don't.
- Amazon has warehouses all over the country. We have one.
I reread Influence, one of the greatest books of all time.
It will teach you to be more persuasive and how to avoid being conned by people who know its techniques.
This is a 🧵 of its core concepts based on excerpts 1/n
👇👇👇
It's important to understand that people will do things without thinking about them consciously. Check out Thinking Fast and Slow for more information about this. My use of the 🧵 and 👇 emojis are an attempt thoughlessly trigger retweets.
This is the author, Professor Cialdini Ph.D.
Very importantly he didn't craft this book from an academic ivory tower. They way he came up with the 6 concepts of persuasion was through joining multi-level marketing programs and the like.
Between 1971 and 2021 the supply of US dollars in circulation has compounded at 7% per year.
🤯
Meanwhile the gross the domestic product of the United States compounded at 6% per year over the same period.
🤯 🤯
This is just staggering to me.
The GDP is quoted in terms of USD. Who would have guessed that GDP growth could be outpaced by the monetary unit that it is quoted in. If you made every $1 bill $2, GDP would double in nominal terms.