Overnight -- July 21, 2022

Ford: Bloomberg --

• will cut 8,000 jobs to help fund EV investment
• reductions seen coming from the Ford division that is producing gas-fueled models 
  
• CEO: Ford profit hampered by having "too many people"
• boardroom
• CEO: "ICE division -- we have to cut; we need cash to fund EV development"
• head of ICE: "So, we're hitting on all cylinders; making money hand-over-fist; our people are incredible; putting out a product the US consumer wants; we're meeting / exceeding all expections; and the reward for our union members is to cut 8,000 well-paying jobs?"
• CEO: "Yes. Now, back to EV. Bill, when do you see turning a profit in EVs?"
• CEO: "Bill?"
  

Tesla: more comments over at twitter about Tesla selling bitcoin

• appears to have bought at about $33,000
• appears to have sold for about $29,000
• if accurate, did great job minimizing loss
• many think the bitcoin sale accounts for company's "free cash flow" this past quarter
• whether accurate or not, a question and an observation:
• is that why Tesla sold? Nope, Tesla sold to stop losing money; they saw where bitcoin was headed
• folks are using the phrase "free cash flow" too often; I wouldn't consider selling bitcoin "free cash floow"; it might be "cash" but it really wasn't "flow" as in continuous revenue stream from ongoing operations

Back to military medicine vs civilian medicine: link here;

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Maps

Great observation: Safari (Apple) maps vs Google maps. Link here.

• both "styles" have their advantages
• but having it pointed out to me, helps me decide which format to use, depending on the situation
• before arriving at airport, or before deplaning: use Safari maps for terminal location
• once having passed through security, or during layover: use Google maps to locate retail
• if I had only one choice: as much as an AAPL fanboy that I am, I think Google wins on this one;
• by the way, KPIs?
• key performance indicators or key points of interest

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Recession Indicator? Gasoline Demand

This is about as muddled a graph as anyone could post, but I'm glad it was posted; link here.

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Fossil: A Very Unfortunate Name For A Watch Company

First, the timeline for iPhones. 

Hunch: Rolex doing just fine. Typical customer: An LIV golfer.

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The Psychology Page

Framing and nudging.

• Twitter: nudging is not effective.
• Twitter: is "framing" similar to nudging?
• Nudging: wiki entry.
• Framing: wiki entry.
• Frameworks institute.