I was interested to hear Trump mention Australia's retirement system the other day (amongst the endless stream of what he normally talks about, it really stood out).
In Australia you have a universal Age Pension which is a backstop against extreme hardship set at the equivalent of US$20.5k, but your rate of Age Pension reduces linearly with income levels between US$9k and US$44k.
Similarly, the rate of Age Pension reduces linearly with asset levels between US$213k and US$474k, but you don't count your own home in that.
The private retirement savings system is similar to the 401(k) and Roth 401(k) except the employer doesn't typically do a match, they are just legally obligated to pay 12% of your salary. You can then contribute an extra US$20k as an income tax reduction or pretty much however much you want after-tax.
Inside the superannuation system, the gains are only taxed at 15%.
In general, it's a pretty perfect system that just leans a little too far towards being a rich person's wealth preservation tool, but overall it enables self-sufficiency while also preventing real poverty in old age.
I've benefited a lot from my specialist area (energy industry) in which consultants and analysts will post genuinely informative and thought-provoking articles. It works to enhance their technical reputation and give them publicity, and it can be very informative for me.
But to achieve any usefulness from the platform I have to aggressively prune, by blocking every contact who ever posts something I don't find interesting. My block list is vast, and my threshold for blocking is incredibly low.
Ultimately, it's probably only a community of about 100 experts that post informatively on the energy industry.
So long as you don't mind doing the work, I find LinkedIn's algorithm to be the best of the main platforms at respecting my choices of who I want to hear from (although admittedly I should probably be using Bluesky instead).
I've also had tens of people tell me they really enjoy my posts on LinkedIn - I tend to post slightly against the mainstream opinions in my industry, and with humour, so I may not have developed a particularly professional reputation, but I've gained more publicity than anyone else in my company outside of the Exec level.
I was very surprised at how many statistical methods are taught in undergraduate psychology. Far more statistics than I ever touched in engineering for sure. Yet the undergrads really treated statistics as a cookbook, where they just wanted to be told the recipe and they'd follow it. Honestly they'd have been better off just eyeballing data and collaborating with statisticians for the analysis.
I don't own guns myself but I know someone who runs a gun club and a policeman. They are both in agreement that the latest legislation changes have introduced absolutely no improvement, for example a recent lifetime ban for somebody who renewed their license one day late.
Australian gun legislation already has every protection you would expect built in. As soon as a Violence Restraining Order is in place, guns are immediately removed. Your guns need to be stored in a locked safe where the safe is bolted to the ground. Background checks on every license application. You really couldn't name a practical improvement to gun safety.
However the "something must be done" approach is applied, which wastes time targeting clearly responsible gun owners.
The trend of firearms per capita and firearm related deaths per capita is relatively stable, although it might have increased from about 8% of USA's figures to 9% of USA's figures, although I haven't established whether the apparent trend is statistically significant (since gun related deaths are a small sample size so the numbers jump around per year).
Absolutely superb. The 'hot bricks in a box' concept of very high temperature thermal energy storage has been really coming into its own with the fall of solar PV costs, and it's quite suitable for industrial consumers of medium temperature heat. There's also a heated granite storage silo in Scandinavia that's recently gone into operation. The rate of heat transfer in the heat storage material is a classic constraint.
I think this niche of 'very long duration, very constant slow rate of discharge' is clever, and it would suit industrial heat consumers but could also suit district heating for buildings in a climate that's predictably in need of heating all winter long (Canada for example).
They seem to have a decent grasp of the fundamentals, both of the technology and how to commercially carve a niche. I wish them well, and thank you for the post.
Yes - I'm a senior member of my team too (to the extent that I've previously been the team lead of similar teams) and it's so freeing to be able to:
1. Give plenty of credit to the juniors when they do good work, even if they were reliant on support, with no need to take credit myself
2. Give up some time working on my own objectives to coach the juniors, even though there's no cost code to book the time to and nobody asks me to do it
3. Easily say, with zero guilt: "no sorry that can't be done in 2 weeks, that's a 6 week job" or "sure I can do my part of this job but I'm going to need you to commit XYZ other resources if you want it to be a success"
4. Interpret the rules in the way I think is best for the organisation, not trying to please the person with the most pedantic interpretation
5. I can produce convincing explanations of how my work performance is delivering value to the organisation (whereas juniors can sometimes work their arse off and get no recognition for it)
I'm also a middle aged white man which seems to confer a lot of unearned trust, but combined with my professional experience I seriously think I have it easier than the juniors in so many ways, and it's my responsibility to give back a bit.
> Give plenty of credit to the juniors when they do good work, even if they were reliant on support, with no need to take credit myself
This is one of the most effective ways to lead because it builds goodwill and trust on the team. It also takes almost nothing away from you because as the senior/leader you will get default credit for most everything. It's always odd to me more people don't realize this.
I want to agree but I’ve observed a contrary pattern a few times: when higher levels of management don’t get this principle, and are themselves poor leaders and role models, they can take this at face value and believe that the juniors get all the credit and local leadership is contributing nothing.
Soft skills need to be valued from above in order to be workable strategies in the trenches. And often / usually that’s how it works.. but not always.
Having been there, it’s a lose lose situation, where you will constantly be berated for either not mentoring enough or not contributing enough, and it’s better to move on than play the shifting winds.
Even more so: as a senior, if you don't give extensive credit to the juniors, people will assume that you have some reasons to be insecure. So it's worse for your status.
In Australia you start with a birth certificate and photo, and that leads to passport and driving licence. The three of those are the holy trinity of ID (though you'd very rarely be asked for your birth certificate).
With passport and driving licence, you can do anything you want, but at least they are photo ID with some anti-forgery features.
The time to steal someone's identity is before they get their first driver's licence and passport!
I can't believe we're still asking Elon about when we'll get full-self-driving, he's already answered that question every year since 2013. It's coming next year.
In Australia you have a universal Age Pension which is a backstop against extreme hardship set at the equivalent of US$20.5k, but your rate of Age Pension reduces linearly with income levels between US$9k and US$44k.
Similarly, the rate of Age Pension reduces linearly with asset levels between US$213k and US$474k, but you don't count your own home in that.
The private retirement savings system is similar to the 401(k) and Roth 401(k) except the employer doesn't typically do a match, they are just legally obligated to pay 12% of your salary. You can then contribute an extra US$20k as an income tax reduction or pretty much however much you want after-tax.
Inside the superannuation system, the gains are only taxed at 15%.
In general, it's a pretty perfect system that just leans a little too far towards being a rich person's wealth preservation tool, but overall it enables self-sufficiency while also preventing real poverty in old age.