Many people are saying that 2020 is a giant, huge, stinking dumpster fire of a year and I honestly can’t really disagree with that on many fronts. Today though I want to look to the brighter side of 2020, so let’s dive in and see what’s launched, why it’s amazing and hopefully you too can agree that 2020 hasn’t been all bad.
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.