So, all the protestations of piety from our politicians, blathering self-congratulation [or is it self-gratification?] from priests and pundits, seems to come to naught. Just maybe it’s because most Americans don’t consider porn a big deal in their lives.
They’re wrong, of course. Especially since it seems to be about 99% constructed to service male supremacy. Though, I also think that’s another expression of the lameness of individual feelings of power and voice in this society. Frankly, not the highest priority for economic analysis on my horizon.
Anyway – here’s the link to Pornhub’s Annual Report to the congregation. Some of it is worth a chuckle.
Thanks, Barry Ritholtz
❝ For the last three years, life expectancy in the United States, the richest nation on Earth, has declined. This decline in life expectancy is being driven by rising death rates in young and middle-aged Americans, according to a new study. These troubling trends place the U.S. in stark contrast to every other developed nation in the world, The Washington Post reports.
[I haven’t used the Post article because many folks are put off by a paywall]
❝ The study, which analyzed six decades of mortality data, found that adults between the ages of 25 and 64 are increasingly dying from drug overdoses, suicides and diseases related to addiction and obesity. From 2010 to 2017, the biggest spike in death rates was seen in young adults between the ages of 25 and 34, with a 29 percent jump. Overall, the death rate for working-age Americans rose 6 percent from 2010 to 2017…
The report doesn’t single out one cause for the increasing death rate. Demographics, even geography play a part. Culture, costs and economics in general play a part. RTFA and reflect upon something that need not be.
VW starts pre-production runs – new plant in China
❝ VW announced that it already started pre-production at its all-electric vehicle factory in China, just a year after ground breaking at the new plant.
Over the last two years, every major automaker has announced plans to build electric vehicles in China due to the country’s new aggressive zero-emission mandate.
❝ VW is among those automakers who quickly announced plans to build a new factory just for electric vehicles.
They started building it last year through their joint venture with SAIC and today, they announced that they started pre-production at their new factory in Anting, Shanghai.
VW breaks ground for $800 million EV plant in Tennessee
❝ Volkswagen breaks ground Wednesday on its Tennessee plant that will produce two battery-powered cars, according to Reuters. Plans for the $800 million investment in the Chattanooga plant were first announced in January. The ground-breaking shows that Volkswagen is intent on achieving its goal of producing 50 million electric cars in the next several years.
❝ Scott Keogh, Volkswagen Group of America CEO, characterized the event as part of a “magic moment” for electric vehicles in the United States. He equated it to the introduction of the Beetle, which went on to sell 21 million units.
❝ The average transaction price of a car in America right now is $33,000, somewhere around there. That’s where I’d put the dart in the market [for an electric vehicle]. That’s a decent space to approach the center of the market. It will be a car for the heart of the market.
Don’t kid yourself. The same kind of people whining about investments, government support for electric vehicles, here in the United States have their peers with the same kind of chickenshit DNA in China. Priorities are formed by leaders: political, economic and social leaders willing to move ahead. Apparently, it is still possible to find folks willing to setup shop in completely different countries because they recognize opportunity.
RTFA for a detailed breakout of the survey. It’s useful. A little more knowledge on the subject won’t do any of us harm.
Produced by folks worth staying in touch with…
❝ As bots have become inextricably tied to the spread of “fake news,” a new study looking at how automated accounts engage with popular websites finds they are more prolific than humans on Twitter, posting two-thirds of all shared news links.
While Pew Research Center analysts found…that the majority of bot-generated links on Twitter come from sports and adult content websites, suspected bots also accounted for about two-thirds, or 66 percent, of tweeted links to popular news and current event websites.
❝ About the same average proportion of bots posted links to all the sites the study covered, including pages about news and current events, sports, commercial information, celebrities and commercial products or services…
❝ “These findings illustrate the extent to which bots play a prominent and pervasive role in the social media environment,” Aaron Smith [Pew’s associate director of research] said in a news release. “Automated accounts are far from a niche phenomenon: They share a significant portion of tweeted links to even the most prominent and mainstream publications and online outlets.”
So, anyone hear what TWITTER and their peers are doing about any of this? If anything? Removing these posts might reduce the take from advertisers paying for clicks and posts, eh?