Sunday assorted links

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1. The number remains higher than most years in the past. I'd guess its peak happened when many people tried it and since then they have found it didn't work for them.

stop acting like a social justice warrior.

5. Meme art 😂

another virtue signaler. why don't you snowflakes find a safe space to crawl back to.

Probably, but plastic surgery is a close second.

2. AB 60 allowing illegal aliens in CA to obtain a legal driver's license took effect in Jan. 2015. More than 1 million people have obtained licenses since then. I don't know what percentage were already driving illegally who subsequently obtained a valid license (which would not cause a net increase in people switching from cycling to driving).

you liberals don't get it. that's why i'll continue drink salty liberal tears in 2020.

What an engaging and thoughtful comment. You seem to have a lot to contribute.

That's amazing! "AB 60" must have had a VERY powerful effect to drive down bicycle commuting nationwide!

Maybe cuz the 1913 dollar was worth almost as much as a 2018 $100
Thanks Fed.

Wonder what the usage of $500 and $1000 bills would be if they hadn't been stopped in 1934. Thanks Fed.

Watch out for those chemtrails, hun.

see this is why Trump won the election.

Trump won the election because Putin replaced Hillary by a robot programmed to be deeply unappealing to the electorate.

The real Hillary is held in a Moscow cellar, regularly plied with vodka.

Blogs need like buttons for comments.

The real Hillary is held in a Moscow cellar, regularly plied with vodka AND sexually assaulted by Brett Kavanagh.

3. Can it be that currency in circulation, electronic payments (Stripe, PayPal), and cryptocurrencies can be increasing simultaneously?

liberals never learn. this is why Trump will win the midterm election and 2020.

Last I checked the very definition of a midterm election is pne where the president is not on the ballot. Please tell Vlad to employ better trolls.

3. There are now more one hundred dollar bills than one dollar bills in the world.

____________

,,, predictable symptom of U.S. Dollar inflation.

I don't even bother carrying/keeping U.S. coins anymore.

even a 2-3% inflation rate steadily destroys Dollar purchasing power over your lifetime. thanks to your brilliant, free spending Congresspersons.

#3 @Emerson - but even $20 bills are edged out by $100 bills says the article, so it's not inflation. In fact, it's drug money.

I have a bunch of $20 bills in a Greek bank I inherited from my senile uncle. The trouble was, getting them counted. It turns out they were "old series" bills with no anti-counterfeiting measures built into them, so the Greek bank had to photocopy every bill, it took a whole day for a team of bank employees. Then of course we had to enter the money into the bank without paying tax (Greece taxes all deposits by a huge amount, I think it's 33%, unless you can source the money, showing where it came from), which was of course done legally and it an above board manner with the help of the Greek bank manager, who has political connections, as we showed the money had already had tax paid on it. But how do real money launderers, not penny ante types, launder? They buy property via a corporation, and they incorporate in UAE (the Economist this week has an article on this). That's how "Jay Lo" transferred billions from the 1MDB scandal. In UAE, you don't need to list who the real owner is, as long as you have one UAE citizen 'partner'. Totally anonymous, even more so than Switzerland.

Bonus trivia: GM Ken Rogoff wrote a book, not on chess, but on outlawing cash. He called it "Curse of Cash" but was undoubtedly thinking of the book by Sarah Hurst, "Curse of Kirsan: Adventures in the Chess Underworld".

Checked some graphs and other data and It seems the 100$ bill under 105 years of the Fed control is now worth $4.50

You do realize that people earn more $100 bills now than they did 105 years ago, right?

And that quality and availability of goods has expanded remarkably?

Or are we all starving to death with our worthless money?

2. The US Census can't possibly know how many bicycle commuters there are. The blog is by a North Carolinian. Many commuters in northern climes are seasonal. The number of bicycle commuters in Minneapolis shrinks when the temperature drops to 0.

Assuming the community survey that asks about travel modes is consistent over time, the data is reflecting the greater population based on sampling, which is well established as accuracy within error estimates.

Commerce economists are presumably as rigorous through 2017 as for the two decades prior.

Post 2018 with Trump et al seeking to get rid of Commerce data gathering and analysis, the most likely result will be zero data or analysis, not inaccurate reports.

What is ironic is the Trump administration is seeking to eliminate government data collection and analysis in favor of privatized data collection and analysis in all areas, including economic, weather, gis, but are at the same time beginning to actively target the best private data gathering and analysis corporations: google, amazon, facebook.

Google no longer owns satellites directly, but they have access to more gis satellite data than the US government, which they couple with their on the ground imaging plus dynamic data from Google users, and with paid ad and non-paid business data from google users.

Google does not have long term data on travel activity, but it will become the best source of data for driving, biking, walking in the next decade. Again by sampling as not everyone has an android phone or uses Google navigation/location services.

Also posted as a comment on the original blog page: "1. The decrease is small and far from definitive. Compare it to the previous ten years. 2. Census data is not taken except every 10 years. Interim data is calculated, so this could be just somebody in the census office decided commuting was on the decrease. Again, likely insufficiently definitive to be drawing any conclusions from.

Asking "why" is premature, as you do not have sufficient data to say that it has. "

That comment is re: #2, bicycle commuting.

Census data is not taken except every 10 years.

The American Community Survey replaced the long-form census back in 2005. It's done continuously, with the data released annually.

One problem with the survey is that is asks how you commute but only lets you select one option. This will underweight people who use bikes plus public transit or the once a week/seasonal biker.

There is no "the survey". Commerce is tasked with collecting lots of data.

Here's the list of surveys:
https://www.census.gov/programs-surveys/are-you-in-a-survey/survey-list.html

Data about people relies on Census infrastructure to survey population. CPS is the monthly data reporting survey with constantly evolving sampled population and slowly changing queries. However, other surveys are done less frequently on all aspects other consumer and worker habits/activities:

https://www.census.gov/programs-surveys/are-you-in-a-survey/survey-list/household-survey-list.html

"The U.S. Census Bureau conducts more than 130 surveys each year, including our nation’s largest household survey, the American Community Survey. ..."

3. Well, sure. The last fifteen years have shaken confidence in banks and seen a worldwide increase in Stupid Government (idiocy like Venezuela and Zimbabwe, increasing levels of single-strongman power like in Russia and China, persistent instability of the EU...).

Gold is also a sensible under-the-mattress store of wealth, but dollars are more liquid. As hundred-dollar bills are the densest available form of physical dollar storage, of course they've increased in popularity.

2. Bike opinions:
-As others have said, it's not really a big drop.
-My suspicion is that the population of likely bicycle commuters hasn't increased all that much relative to the total working population over the past few years. Many Americans simply live too far from work for cycling to be a viable commute option, or they live in places where the weather is incompatible with cycling for much of the year.
-Around here, most of the bike infrastructure that's useful for commuting has been around for years. The city has spent a lot of money over the past 5-10 years to improve existing bike routes but little to open up new bike connections. I suspect that this is true across much of the US.

Do some people get worried that other people are going to be able to out-compete AIs while they will not be able to do so?

Wait, what?

la nuestra ultima esperanza esta la injusticia de Dios (every word except the simple ones are a a cognate, la is the, nuestra is a distant cognate of notre in notre dame, esperanza is a name and it is the word for hope, esta is a cognate for is, la is a cognate for - well, it isn't a cognate, but if you have ever heard of La Cosa Nostra you know what it means, injusticia and injustice are not "false friends" "faux amis", they mean almost the same thing, and "de Dios" almost translates itself - "of God."

Last time I mentioned this phrase to a friend she replied like this: "of course, the justice of God is too much for people" . I didn't argue (why bother)

Another Don Colacho quote: "Para Dios non hay sino individuos"

Para (for) (as in "para"troopers are other troopers who are there for simple troopers); Dios is a cognate of deity, non is a cognate of no, "hay" is, believe it or not, not all that far from Indo-European "is" (the beginning vocalization of words that being with the vowel/letter i, and the similarity between that sound Spanish people make when they pronounce the letter y and the sound English people make when they pronounce the letters s and z is not all that big, when you think about it):

sino means "nothing but" - remember that old song with "si non" in it?

and "individuos" means the same thing in Spanish "individuals" means in English.

"For God nothing exists except individuals."

I remember the first time I understood that ( it was the first day in my life when I understood happiness. Vinceremos: magna est veritas et praevalebit.)

2. We are also getting older.

Well, I am at least.

$100 bills are the most counterfeited.

#3 The chart shown in the article is questionable. During the Iraq war the Fed had flown USD$40 Billion in physical cash there, in the mixture of 100, 50 and 20 bills.

https://www.cnbc.com/id/45031100
"NY Fed's $40 Billion Iraqi Money Trail"

"""
By one account, the New York Fed shipped about $40 billion in cash between 2003 and 2008. In just the first two years, the shipments included more than 281 million individual bills weighing a total of 363 tons.
"""

The number of 100 dollar bills seemed to be the dominant, as reported by Bob Woodward,

https://books.google.com.au/books?isbn=1471104672

"""
Plan of Attack - Google Books Result Bob Woodward - 2012 - Social Science

Swimming in a sea of $100 bills, ... It seemed even a cup of coffee was going for $100 because no one could make small change.
"""

There might be more than USD$20 Billion circulating in/from Iraq alone.

1. In Arizona a Power Purchase Agreement has locked in 2.5 cents per kilowatt-hour for electricity from a solar farm to be completed at the end of 2020. Wind PPAs are apparently now often under 3 cents a kilowatt-hour. It doesn't matter how much hot air is produced nothing is going to save coal generation. It's a matter of how long it is until existing power plants are shut down because they can't compete. Here in Australia no new coal power capacity will be built as it's simply not economical. The United States pays less for wind, less for utility scale solar, and pays less for gas, so coal is a dead man walking. It's just a matter of how many others it makes dead before it does stop walking.

See this is why President Donald J. Trump is trying to shut down immigration. You foreigners can't wait until every coal miner in the US is out of work.

President Trump is shutting down immigration and slowing population growth in order to support coal? That sounds dumb. If you want to keep existing coal plants in operation surely it would be better to keep growing the population and presumably increasing the demand for electricity? I don't think he's thought this through. You should contact him and point out his mistake.

warrior, you do know that employment in coal mining peaked at 759 thousand in 1926 and is now at 53 thousand, up 1.1% from a year ago.

"It's a matter of how long it is until existing power plants are shut down because they can't compete. "

Cheap natural gas may well drive coal plants out of business, but wind and solar can't. They are intermittent power sources and until economical power storage is available, they're costs are too high.

Even if wind or solar were free, they won't be competitive unless the price of power storage is less than the price of existing base load plants.

How did you arrive at the conclusion, "Even if wind or solar were free, they won't be competitive unless the price of power storage is less than the price of existing base load plants."?

You can't have thought that through, so I presume you are just repeating something that sounds good to you without thinking about it.

Think about what would happen if wind or solar were free if:

- You own a factory or other business or a home.
- You are in an area with an electricity market.
- You have a monopoly on the provision of electricity in an area.

Would have helped renewable energy firms and all other cap intensive firms, in general, to have been even more conservative in new tax plan, where the loss carryback would not have been taken away and the R&D capitalization requirement would not have been added. But, hey, the accelerated expensing and lower corp rates have been great.

"1. U.S.-based renewable energy firms were not hurt by the election of Trump."

Renewable subsidies are already in the process of phase out and Trump hasn't said anything about speeding up the process. So, there wasn't much of a change to the status quo.

$100 bills are the preferred method of cash for the drug trade, for volume and efficiency reasons of course

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