201–210 of 509 posts
We are pivoting out of a huge number of US services at my job. I think windows, Google, PaloAltoNetworks and Aws will be the last we leave, but infoblox is out next year (that's part of my job right now), and old Cisco hardware will stop being replaced by new Cisco hardware in 6 months.
Europe, if you want good tech businesses you need to create a tech business friendly environment. Banning US tech companies without creating (really) fertile grounds for business is just going to be shooting yourself in the foot. A replacement Google won't grow on a farm only fed worker/consumer fertilizer. It's almost diabolical that the only way Europe can get rid of the US, is to be more like the US.
There is plenty of technology companies in Europe. It might not seem like it for the HN crowd, who mostly make a living stringing web libraries together.
Of the top 50 tech companies on Earth, 3 are European and 30 are American.[1]
Europe has a seriously lacking tech scene. The situation is borderline catastrophic.Even just this past week the OpenClaw guy ditched the EU for the US, calling out the EU's infertile business scene[2]. These are exactly the kind of people the EU should be clearing a path for and rolling out a rug. Wake up.
[1]https://companiesmarketcap.com/tech/largest-tech-companies-b... [2]https://www.businessinsider.com/openclaw-creator-slams-europ...
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I think it’s fair to say that diplomats appear to be appointed under a two-faced system. On the one side you have some diplomats who really are quite capable career foreign policy wonks, appointed in a manner which appears to be meritocratic. On the other side you have folks appointed, like you mention, as a kind of patronage. Traditionally, it has been that the softer counterparties (Friendly countries, European all…
Okay, thanks for the added details (and your sibling too), today I've learned something.
your location is assigned based on a competitive bidding system where you select from a list of cities to do your next tour. some countries/cities are obviously dangerous for a variety of reasons and they are called "hardship tours" (think iraq or afghanistan). you get bonus money for these and sometimes are forbidden from bringing family.
posts in places like Europe or East Asia are very desirable and highly competitive. but often it's a matter of fit. my dad was a hedge fund manager before the Foreign Service so his first posting was actually in Frankfurt. you can also do a tour in the continental US, such as in DC or NY. because of his economics background he has done a few of those.
most of the time the head ambassador is a political appointee, but the grunts are regular people who have made this their career.
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Much of the capital is US originated and domiciled. American public pension funds alone hold $6 Trillion in AUM [0] and American endowment funds hold a little under $1 Trillion in AUM [1], and tend to be the LPs for most VC funds as most institutional investors follow the Yale Investment Model. [0] - https://www.census.gov/newsroom/press-releases/2025/2024-ann... [1] - https://nces.ed.gov/fastfacts/display.asp?id=73
>Much of the capital is US originated and domiciled. Neither of your citations has any relevance to this at all. That endowments and pensions funds have money...what is your point? Ah, the old HN "look I've provided citations so upvote me, even if they don't support my contention". Canadians alone hold almost $4 trillion dollars in US securities. Because the US was the centre of the capital universe. Just like we saw…
it's a common pattern in GPs comments
pretty certain he just asks the "AI" for citations on whatever he's written
(for a VC he sure has a lot of time to waste shit-posting on the internet)
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If the EU announced that non-EU entities aren't subject to GDPR, I think that would substantially defuse and perhaps entirely eliminate the conflict. Their current guidance is precisely the opposite ( https://gdpr.eu/what-is-gdpr/ ): "the GDPR applies to you even if you’re not in the EU". They even have a details page to make sure it's 100% clear ( https://gdpr.eu/companies-outside-of-europe/ ): if you're a Colorado…
Why would they need to defuse it? If you want to do business in our market, abide by our laws. If not... just leave and miss out on the huge market? I cannot understand the constant whining of Apple and other companies, whereas if the PRC asks to jump, they ask 'how high'?
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The quantity theory of money is trivially shown to be nonsense just by considering what happens to savings (i.e. nothing). You need to up your analysis if you want to truly understand.
You've made accusations but have not brought arguments to support that my take on EU leaders and elites being the ones fucking us, our CoL and purchasing power, is wrong. And savings absolutely did eventually get obliterated by excessive Covid money printing, what are you on about?
Sure, spending might cause inflationary effects, but that's orthogonal to quantity (flows not stocks), but then economics is the science of confusing stocks with flows.
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>American domiciled VCs and companies can outinvest just about any other competitor, Because every investor in the world put their money in the US. They knew the best companies and people would centralize around that hub. When the US is a rogue, isolated idiocracy -- already true, but the world takes time to adapt to this new reality -- how much of that money do you think will flow to the US?
"idiocracy" ... wow ... such a cool word! And so true. Thank you.
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I do not trust anyone with my data. This is just my preference but every year I move further and further away from using the internet for anything other than making comments on this site and watching a few vloggers. In a few years I will not have more than 3 to 5 logins on anything and those will be value add and must be within driving distance. All critical services I use will require walking into a building in pers…
Usually, when you want to have people not know who built what, you use an LLC. THEN the LLC hires the subcontractors in stages without them knowing about each other. Youd take about 5 years, but itd be about as secure as you could be if you lost trust in soceity.
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>some large pension funds have removed 1/4th of their investments in the US in less than a year. I saw the news about the danish fund dropping some of their US investment and on closer inspection, in absolute terms it was a drop in the bucket. Mostly an optics maneuvre.
A single Dutch pension fund that was much larger (ABP, IIRC one or two orders of magnitude) retracted 1/4th (10 billion). But they only found out after journalists checked out a year report. Most pension funds just don't talk about it, because (1) they do not want the value of their assets drop too much as long as they haven't moved them; and (2) they do not want to draw the ire of the Trump administration in the mea…
Fighting data sovereignty is a losing battle for the US: data are too strategic to outsource, even to allies.
[0] https://en.wikipedia.org/wiki/Galileo_(satellite_navigation)