US figures are showing there’s been 30 million+ people applying for unemployment benefits in just 6 weeks. This has pushed their unemployment rate up to around 20%, almost as much as the Great Depression – which was 25% – and took about 3 years to reach. Many of those jobs will now be automated and disappear forever.
The past few months have been quite the wild ride. I’ve purposely avoided discussing COVID-19 to ensure I can read widely and assess everything thoroughly before writing about it in depth here. So today I want to focus on the economics impacts of it and hopefully help you better understand what’s happening and going to happen.
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This evening at a private event SpaceX CEO Elon Musk revealed their not-so-secret Starship Mark 1 design. On display behind him dwarfing their very first Falcon 1 rocket, the 50 metre high rocket looks like an absolute beast. If things run to schedule, Musk wants to have it fly to orbit in the next 6 months!
Yes that’s right. Taking delivery of one of the first Tesla Model 3’s in Australia we drove away from our delivery appointment last Thursday in our own Batmobile. After a week of driving, playing, poking and learning I thought I’d give a few quick first impressions.
Home Battery Storage in Australia is already shaping up to be big business but according to Bloomberg 2018 was nothing!