Ryanair and Easyjet are basically the Spirt and Frontier of Europe. 

A) prime rates are still generally higher than the risk-free rate of return. Taking out the car loan and putting the money in equities is an effective shift of your debt/equity ratio on your investments towards equity. So you don’t necessarily want to take the car loan unless you want to shift towards a more equity…

Yes, which is why they can easily afford a Mach-E. 

The 170k you are thinking of is UPS (not Fedex which pays way less), and that’s not the take home pay. That’s the value of all of the benefits, and it’s also the top of the payscale. Actual UPS seasoned UPS drivers pay is around $100k.

If that couple makes $200k, the vast majority of that $50k year savings is probably going to be in 401ks ($22.5k limit/ea). So while they may have $1MM in the stock market, they can’t actually pay for the car out from their stock earnings. Plus, those stocks may just as easily lose $100k in a year. The S&P 500 is…

“They absolutely cannot afford a Mach E”

The Rimac isn’t a car designed around setting the best lap times, and it certainly isn’t designed around quickest laps per dollar. It’s more akin to something like a Bugatti Veyron in purpose- something that can go blisteringly fast in a straight line while providing comfort for the billionaire set. The Veyron set a…

The idea that an EV supercar has to be 5,000 pounds just because that’s what the RIMAC weighs is simply wrong. It may need to be 5,000 pounds if you want 1,800hp right now, but if Tesla could make a 2,700lb roadster in 2008 with 300hp, and range in the mid-200s, then it surely must be possible to build something with…

I think people want self-driving cars, but they only want them if they are basically perfect. Level 3 autonomy is completely useless to me. Staring at the road ready to take over in a split-second is not really a meaningful benefit over basic cruise control. An autonomous taxi that will flip out and stop in the middle…

Bikes are supposed to follow traffic laws, but traffic laws are written with cars in mind and can sometimes be impractical or dangerous for bikes to follow to the letter.

The one that never goes anywhere.

Brought to you by the same folks who thought a passenger airliner was an enemy plane. 

I don’t think that’s a language convention so much as a regional one. In North America (not just the U.S.), the 1st floor is the ground floor. In Europe, regardless of what language is spoken, the ground floor is designated “0" and the 1st floor is what North Americans would call the 2nd floor. It’s similar to date…

Speak for yourself. It would be way easier for me to get a new job today (alost 20 years out of college, 15 out of grad school) than when I was a fresh graduate.

The student loan interest deduction is extremely limited. Those who are truly low-income don’t pay enough tax to get a benefit from it. But it starts phasing out at $70k of income for single filers. It’s only folks in the ~$40k-70k income band that are likely to get much out of it. 

Plus, it’s not factually true. On an industry-wide basis, Oil and Gas are actually one of the highest taxed sectors, mostly because they own almost exclusively physical assets that can’t be moved with the stroke of a pen and many countries they do business in impose very high taxes for the industry. The tech sector is…

The mathematics of interest were covered in my math public high school classes several times. I don’t think it’s a lack of substantive understanding so much as social-emotional issues that get people in trouble.

Student loan forgiveness needs to be coupled with structural reforms of education funding. Part of the problem is that student loans have been setup as a nearly blank check, encouraging schools to increase tuition as much as possible and discouraging any attempts at cost control. This has also discouraged states from…

Uh... it’s mostly state schools that are obsessed with Football. The vast majority of major division D1 Football schools are state schools. Privates tend to compete in somewhat smaller, less expensive sports like Basketball.

The “M Performance” models have never been sharp-edged M cars. The vehicle would have to be an M7 to be a “real M” car. The XM is a much better argument for the dilution of the M car.