Yeah, there's a reason they don't use armored Priuses. These dudes really did not think through this from the armored truck driver's perspective at all...

Nice catch, now slam dunk it back through the prius sun roof it came from.

Newt,

This is in response to your comment on my statement about Biden needing to lose in '20.

I recently wrote this as a reply to one of my readers (I write under a number of different names in other places).:

Dear <name>,

>I took some time to absorb what you wrote. It's a lot to juggle. The Atlantic has an article in the July-August issue on the worst and best case scenario in CLO defaults. I'll read more.

I read the article you mentioned, and while it's certainly good, it also misses a very important point that explains the mess we're in: the collapse of Lehman and Bear-Stearns, while catastrophic in their own ways, were not the nightmare that caused the Fed to freak out in 2008 -- AIG was. Had AIG gone under and the counterparty default contracts triggered, we'd be on the barter system right now. We came within hours of not having an economy in the western world. The $700b ($.7t) the Fed coughed up to stop this from happening calmed the panic, but did nothing to resolve the underlying issues. These issues continued to compound during the 2011-2020 stock run-up and now we're at the point where the Fed is throwing trillions of dollars at every piece of bad debt they can find just to keep the whole thing from imploding into an economic black hole. It is important to note that in September '19, the credit markets started freezing because of the debt that was already on the books then, -before- CV-19 started rolling, and it took $3t just to get them unlocked again. Absolutely nothing has gotten better since then, and I would argue things have gotten dangerously worse.

In an odd coincidence, the NYT ran an article today about the looming bankruptcy crisis. They're calling for 30-60 days before things start imploding, but I'll stick to my estimate of ~90 days. There's some talk about extending the $600 benefits (we'll see) and chatter about another stimulus check, but that's kicking the can as well as telegraphing how bad things really are. When the Republicans are getting behind free money, you know we're in some uncharted territory. For all intents and purposes, Modern Monetary Theory (MMT) -- the reason the Fed is backstopping debt and printing money like crazy -- is the hill the US economy will live or die on. Should the US dollar come unpegged as the world's de facto currency or should inflation begin (and there's already worrying signs this is happening), that's game over.

Please don't take anything I say as the Word of God; please do your own research and come to your own conclusions. Everything I've said is an opinion based on my education, experience and way of thinking. Your mileage may vary.

Here is the article I mentioned: https://www.nytimes.com/2020/06/18/business/corporate-bankruptcy-coronavirus.html -- might be paywalled, but clear your cookies for the NYT and you should be able to read it.


>Frankly, it's the physical danger in my area of the States that concerns me. There are the guns and bullying. During some BLM demonstrations in the Midwest, locals were standing around with semi-automatics. I drive a Prius for the fuel efficiency. Pick up trucks enjoy tailgating, trying to intimidate me. This behavior isn't going to change with a change of President but will get worse is we don't change. This ideological push to takeover the country instead of ruling by compromise started around the same time we came to the US in 1981, Reagan's first year. I was so shocked when I heard talk radio for the first time; this wasn't the country I had left in the 1970s.


And now we come to the giant pile of sweaty dynamite that's just waiting for the right shock to set it off. I could give you a prolonged lecture about how this all started in 1978 with California's Proposition 13, or how David Stockman's tragically prescient warnings were blatantly ignored, but Haynes Johnson does a far better job at this than I ever could in his 1991 book "Sleepwalking Through History", as does Kevin Phillips in 2006's "American Theocracy". Honestly, at this point, the prelude is academic. The reality of the situation is that a large swath of adult Americans are appalling ill-educated, innumerate and devoid of even the most basic critical-thinking skills. These people are now locked out of the Information Economy. They lack the most basic skills required to compete in the 21st century job market and thus will watch their standard of living sink into the abyss. These people are not blind to this fact because they're living with the reality of their situation every single day. They're totally without hope, cut off from all avenues of control over their own lives and they feel utterly abandoned by the very people who're supposed to be helping them. The reason you're seeing bullying and behavior like that is because these same people are totally removed from any avenues of recourse and the only people they can take their anger out on are people like you and me. Their anger is being stoked on a daily basis. FOX News and the GOP are experts at this and have a host of boogeymen to keep the anger from being pointed their way: ANTIFA, BLM (black Americans have always made a perfect target), "coastal elites" and, of course, Liberals.

Trump's election was a warning, not an outlier. Trump was the primal scream of these people and Liberals and the Democrats as a whole chose not to listen because they found the sound so abhorrent. The rage will only get worse and the number of people enveloped by this rage will only grow as economic conditions worsen. At this point, it no longer matters who wins in '20. Winning the election will be like winning the deed to the World Trade Center one second after the first jet hit. The damage has already been done and no steps are being taken to repair it; if anything, people are actively making it worse either through ideological blindness, deliberate malfeasance or outright stupidity. It took almost 50 years to get to this point and the endemic issues will not be undone in a single generation, much less a single election. Until the people who voted for Trump feel a sense of real hope, a sense of control over their lives and a genuine expectation of recourse for their grievances, they will keep right on voting for Trump, or people like him.

My unfortunate suspicion is that this country will rip itself to shreds long before those reforms are enacted.

Side note: the fundamental difference between the United States and Europe is that European history has forced the nations of Europe to live with the consequences of their actions. Not so the United States. Europe has suffered for her sins. Not so the United States. The two bloodiest wars in human history were fought on European soil. Not so the United States. The United States has never faced true suffering, nor has it ever had to live with the ramifications of its own actions. Both these facts are about to change and a nation whose character is built on a mythology of individual action and violence is going to have to face reality. The people of this nation are not prepared for this and they will not like it.

Second side note: many people are erroneously comparing the current situation to the Wiemar Republic. This is a lack of historical understanding. A more apt comparison would be to Spain in late 1935.


>As for re-opening, we could have gotten some control if the "leader" had simply donned a mask and used realistic thinking. People could go back to work more safely, wash hands, stay a certain distance. But his hubris led the way, so now we'll have a roller coaster for months and years that will affect the economy even more. France is a good comparison because they were unprepared also, having slashed the public healthcare budget for the last twenty years. But when they laid down the rules, troops patrolled the streets to be sure they were followed. So far, they've flattened the curve (for now), and used different economic incentives, such as paying part of employees' salaries to keep them employed.

At this point, the pace of re-opening is a difference between very bad and much worse. Had $3t been used to pay the yearly salary of every American, we could have saved lives and the economy, but we didn't. The history of 2020 will be littered with "what-ifs". However, the first thing you learn when studying history is that what-ifs are useless because things are what they are and you can't change that. It's already obvious we're going into a second wave. If previous pandemics are any indication of what's to come, this second wave will be many times worse than the first. The wait for a vaccine is indeterminate, but if we're going for herd immunity, ~70% of Americans will need to catch the virus. To date, ~1.5% have. If the US population is ~330 million, ~230 million will need to catch the virus. Call the mortality rate 2%, that means ~4.6 million Americans will die. That's a lot of dead Americans and grieving families.

Take care,

(my actual name)

Looks like a museum piece. Probably less pollution per year than your average Prius.

Man, I'd be revbombing and doing burnouts 10 seconds into that confrontation.

Don't get me wrong, I hate those people that troll electric car chargers, that roll coal on Prius... es? Pri-i? Prees? (I digress) but this person is no different than them. She's just as wilfully ignorant and arrogant as the coal rollers.

They have shares in toyota prius brand. It's the ultimate get rich slow scheme.

Also, if you put your foot in it without the cutouts open, the muffler will probably impale it self in the Prius behind you.

Sadly I'm right there with you.
When the international climate agreement was made public recently and I saw that what they were pleased and proud of was an agreement to somehow (they didn't say how) stop the rise in CO2 at almost exactly the level that's agreed on is the point of no return/the level that they think will start all the feedback loops making mitigation or survival impossible, which somehow no one seems to understand means they agreed to do NOTHING besides drive us directly over the cliff. If that's the best we can hope for, a non binding agreement to wait until it's too late to do anything that might save the species/planet, we might as well just say screw it and enjoy the little time we have left. How much comfort will driving a Prius give you when the clouds of Hydrogen Sulfide rise from the ocean?
This is from a guy with an expensive solar system who grows most of my own food.

'Too early to start drinking?' Never! I understand all those words, but not when you string them together like that....and I don't drink.

5.38 second quarter mile...fast ride---
Oddly, the top fuel dragsters (internal combustion engines) can run it faster (4.5 seconds, with a trap speed of 332 mph...)

Bugatti Veyron around 10.1 seconds at 139 mph
Corvette Z06 runs 11.2 to 11.6 seconds...
VW GTE runs 15.2
and a 2013 Prius about 18 seconds...

You completely misread my post (big surprise). This is another one of those distinctions that make no pragmatic difference. What does distinguishing between"believers" and "deniers" do for cleaning the air (and cleaning the environment)? Do "believers" contribute less to smog, greenhouse gasses, pollution, etc.? I remember driving to NYC from Boston and noticing the filthy brown/grey cloud enveloping the city as visible as you approached it. Is that because all NYC dwellers are "climate change deniers?" How about the L.A. smog? These are real problems, much more so than some "climate change believers" whose predictive models keep proving to be inaccurate.

Of course, as is pointed out here, "denier" is simply a shaming slur, and "climate change" is yet another tool in the hypocrite's toolbox to "prove" how much we need the rulers to save you from the weather.

Meteorology has many many variables that need to be considered, making it next-to-impossible to conduct experiments under controlled conditions in order to prove or falsify your theories. The pragmatic response then, is to ask what are you (going to) do(ing) about it (with it being whatever the article says)?

(In other words, it looks like the Prius came into being about 135 years too late.)

Bottom line is, if "man-made catastrophic climate change" is not happening, then society needs to stop listening to politicians and other hypocrites. If "man-made catastrophic climate change" is happening, then society needs to stop listening to politicians and other hypocrites if it wants to put a stop to it. And also take a good look at their own behaviors and contributions to waste and pollution because "belief" or not makes ZERO DIFFERENCE; only actual behavior makes a difference.

Do enlighten me: How do you think "dominant corporation(s) or collusion thereof [will] strongarm retailers?" That simply won't happen. Rather, there will be fewer barriers to entry for other widget manufacturers to enter the market, either independently or working for competing "dominant" corporations when they discover that it's more profitable to not be "paid off" but to compete in the market instead.

A dominant corporation cannot buy every possible competitor. That's absurd. And there will always multiple "dominant" corporations, and not just one, or one and a number of "start-ups." Where there is Coke, there will be Pepsi. Where there is Apple, there will be Samsung. In a free market, monopolies and cartels cannot exist except in the very short term and at an eventual loss (unless they have the primary monopoly of the government to back them up).

If there are patents, there's no free market. A free market, by definition, must exclude all patent, trademark, copyright, and other such IP law. So, you may have picked the worst example.

Free markets without patents is not a problem at all. Not for the market and not for consumers. Companies may just be more careful about spies. They certainly wouldn't be incentivized (like they are now) to spend $millions just to hold patents on products that are never produced, only to corner the market and "strongarm" competitors (like they do now).

Companies like Bed, Bath & Beyond have been trying to price upstarts out of the market for years, decades even! And they're still not able to get rid of competitors! Same can be said about Walmart. Many stores other than Walmart sell TVs, even at higher prices, and remain competitive. Other stores sell linens besides BB&B. So, you have a distorted view of how markets actually work. No one corporation can monopolize the sale of any goods or services. That's just incorrect (unless the government helps them to do so). It just doesn't happen.

There's no such thing as a "natural monopoly." Name one. In Texas, for example, there are competing utility providers, and people can choose which energy service to use. This is in contrast to CA, where most of us are forced to "choose" PG&E over zero other alternatives.

"Restriction of information/prevention of rational, informed consumers"

I'm sorry, but anyone who has been involved in business knows this is complete horseshit. If you have a better product/service (the only way to outdo the competition), you will let the customers/market know right away.

And there's no scale at which markets collapse. The same forces of the market apply to big, small, and medium businesses. There is no arbitrary size for which these forces do not apply. And keep in mind that without government granted privileges, corporations would be much smaller than they are now, because competition would make it easier for competitors to participate, thereby forcing a re-allocation of resources to accommodate the market's demands.

So, yes you most certainly "overstated" your case. All markets can be free, regardless of size. Whether it's a small farmer's market or Whole Foods. The same market forces apply. They all have to court voluntary customers through service, price, quality, etc. Again, anyone who has had to work with marketing will know this.

BTW, things like "price dumping" are circumvented all the time. Does Rolls Royce care that Hyundai sells cheaper cars? Does Mercedes care that a Prius is less expensive?

Target makes money because Walmart is cheaper, not in spite of it!
And everything Walmart sells, you'll find many other stores selling it, even though Walmart might sell it cheaper.
The local natural food store in my neighborhood sells, more or less, the same things as Whole Foods. None of your objections pose any real problems in the real world.

I don't see Walmart buying every other TV seller, or even trying to do this. Microsoft tried but, so what? They failed, because they could not buy every single competitor in the software world, could they?

Even in Somalia, to use @enoch's example, in the telecommunications industry (to pick one that saw growth), no one even remotely managed to do any of the things you say could happen. In 20 years, no corporation did any of these things. Why not?

Because they couldn't.

And did "dominant" corporations take over all small retailers and sellers? No way, not even close! They couldn't. Only regulations can really kill all small retailers (and they do it all the time). Your outrage is gravely misplaced. Do the countless bazaars and sellers of Turkey, India, or Thailand get taken over by "dominant" corporations?

Hint: No.

Only when government meddles, do the big corporations wipe out the little ones, and sometimes each other.

In any case, Coke will not eliminate Pepsi (or Sprite, or Dr. Pepper, or A&W), government or no government.

Right? Fine, banned from National parks for life, and their public self-immolation seems a harsh enough mistress? ...I'd add a judgement of a mandatory probation of five years wearing a shirt in public as community service which reads, "Utah Rock-Tipper Guy."

The same people who would sit at their computers and pontificate after working the system's chores at the system's game....and who are about as involved with real-time politics as it takes to cast a vote after reading blogs and bitching...the same recycle dutifully and with much sniffing of their own fart-gas with windows sealed tightly in their Prius'.....Would place public lands chicaneries right up there with serial killing.

It's getting very close to critical mass ignoramus-ism, idiocratic hell.

Kinda figured it would be something that would probably have made a Prius detonate across a city block.

This quote is from the Daily News article:

"The commissioner said police had been monitoring the ride — loosely organized by a group that calls itself Hollywood Stuntz. He said about 1,000 riders caused chaos in Times Square last year when they showed up out of nowhere and disrupted traffic."

And a little Googling produced this video:

http://oppositelock.jalopnik.com/did-hollywood-stuntz-attack-this-prius-driver-in-2011-1430929682

Apparently they do this sort of thing a lot...and the fact that the guy with the helmet cam was right there recording it makes me consider that they find it entertaining,and planned for something to happen. The group was heading through the Lincoln tunnel around 10:30 AM when I was taking a bus into NYC,and there were a LOT of them. I wondered why they were out en masse,but it was a nice day for a ride...I'm just glad my family took mass transit into NY that day.

Tesla seems to have a clue at least... they're making a car that looks like it should cost as much as it does. The other electric or mostly-electric cars like the Volt, Prius, Focus Electric, and Leaf have price ranges around $30-40k, but they have the look of a $12k car.