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Joined 2 years ago
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Cake day: May 10th, 2022

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  • The real change in retail pricing might be discrimination pricing (or ‘surveillance pricing’ as it is now called sometimes). Simply speaking, it uses personal data to personalize prices not just for each customer, but also for each customer depending on actual circumstances such as day time, weather, an individual’s pay day, and other data, collected through apps, loyalty cards, …

    As one article says, there is One Person One Price:

    "If I literally tell you, the price of a six-pack is $1.99, and then I tell someone else the price of a six-pack for them is $3.99, this would be deemed very unfair if there was too much transparency on it,” [University of Chicago economists Jean-Pierre] Dubé said. “But if instead I say, the price of a six-pack is $3.99 for everyone, and that’s fair. But then I give you a coupon for $2 off [through your app] but I don’t give the coupon to the other person, somehow that’s not as unfair as if I just targeted a different price.”

    The linked article is a very long read but worth everyone’s time. Very insightful.




















  • Texas wants solar energy but forced labor in China is a concern

    While the deployment of affordable renewable energy is great for Texas, the broader solar supply chain is cause for concern. Unfortunately, many solar panel manufacturers are entirely reliant on cheap Chinese materials with opaque traceability and forced labor concerns in the Xinjiang province. The State Department has concluded that since Xinjiang produces 45% of the global polysilicon capacity and a significant amount of silicon metal, much of the global solar supply chain could include inputs made with forced labor from the region.

    As a result, U.S. Congress passed the Uyghur Forced Labor Prevention Act in late 2021, creating a rebuttable presumption that all goods, made in whole or in part, from the region contain forced labor and are thus barred from entering U.S. commerce. Customs and Border Protection is tasked with enforcing the law and Congress specifically directed CBP to target polysilicon from Xinjiang. Since enforcement began in June 2022, CBP has detained over $2 billion in goods.