Rich Saturday Reading

1a

Hi! I am completely impertinent to the story but I’m cute.

In 2007, Gary Rivlin wrote a New York Times feature profile of highly successful people in Silicon Valley. One of them, Hal Steger, lived with his wife in a million-dollar house overlooking the Pacific Ocean. Their net worth was about $3.5 million. Assuming a reasonable return of 5 percent, Steger and his wife were positioned to cash out, invest their capital, and glide through the rest of their lives on a passive income of around $175,000 per year after glorious year. Instead, Rivlin wrote, “Most mornings, [Steger] can be found at his desk by 7. He typically works 12 hours a day and logs an extra 10 hours over the weekend.” Steger, 51 at the time, was aware of the irony (sort of): “I know people looking in from the outside will ask why someone like me keeps working so hard,” he told Rivlin. “But a few million doesn’t go as far as it used to.”

Steger was presumably referring to the corrosive effects of inflation on the currency, but he appeared to be unaware of how wealth was affecting his own psyche. “Silicon Valley is thick with those who might be called working-class millionaires,” wrote Rivlin, “nose-to-the-grindstone people like Mr. Steger who, much to their surprise, are still working as hard as ever even as they find themselves among the fortunate few. But many such accomplished and ambitious members of the digital elite still do not think of themselves as particularly fortunate, in part because they are surrounded by people with more wealth—often a lot more.”

CHRISTOPHER RYAN @ WIRED

About Den

Always in search of interesting things to post. Armed with knowledge and dangerous with the ladies.
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21 Responses to Rich Saturday Reading

  1. Micki says:

    Just for the fun of it, even though it’s a very serious problem….scroll down to WHEN THE BEES GO and listen to a tune a friend here in B’ham wrote and performs….

    http://flipandzeke.com/

    Like

  2. Micki says:

    When I hopped out of bed this morning, it was 39º F in my neck of the woods! Kinda chilly for September!!!

    Like

  3. Micki says:

    Pi DAY

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  4. Micki says:

    …and in Washington State

    Flavored vaping products would be banned in Washington state under an executive order Gov. Jay Inslee signed Friday.

    Washington has had seven cases of severe lung illness linked to the use of vaping products, with one in Pierce County and two in King County. The state Board of Health plans to take action on the governor’s emergency rules at its Oct. 9 meeting.

    ...if the board approves, the ban would take effect the following day and include flavored products containing cannabis-derived THC sold at state-regulated marijuana retail stores.

    Vaping devices – purchased as JUULs, e-cigarettes, e-cigs, vapes, e-hookahs, vape pens, mods, tanks or electronic nicotine delivery systems – can contain nicotine, cannabis or other substances such as flavoring agents and chemicals.

    The governor also directed the health department and the Washington State Liquor and Cannabis Board to:

    Ban the sale of vaping products that contain the sources or causes of the acute lung illnesses once they are determined and also remove those products from stores.

    Draft governor-requested legislation for the 2020 session to permanently ban flavored vaping products, require disclosure of ingredients in vaping products and clarify the state’s authority in responding to situations when there’s harm or risk to the public but the specific cause has not been determined.

    Warn consumers about the risks of vaping products and encourage health providers to report all suspected cases of severe lung illnesses tied to their use.

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  5. Micki says:

    ….rats leaving the sinking ship??

    Conservative group wants GOP to take a stand against Trump

    A conservative group plans to launch a series of ads this weekend urging House and Senate Republicans to condemn Trump for prodding the president of Ukraine to investigate a political rival.

    Republicans for the Rule of Law will spend $1 million – its biggest ad buy to date – on a series of TV and digital ads that will target more than 20 members of Congress, including Sen. Richard Burr, R-N.C., the chairman of the Senate Intelligence Committee.

    The 30-second ad calls Trump’s actions an “abuse of power” and warns it will happen again “unless Republicans … stand up and say it’s wrong.”

    Like

    • Carol says:

      If republicans in Congress stick with the president, they will look like they stick with crime. They have a HUGE decision to make. I’m happy to see your post, someone is prodding them.

      Like

  6. Micki says:

    The pro-Trumpsters could have a field day with Hunter Biden’s history…his discharge from the military for cocaine use as one topic…

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  7. David B. Benson says:

    So much for Winter Weather Weekend. It did rain, but isn’t. The temperature is 5 °C and it didn’t freeze overnight as no more leaven have turned.

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  8. David B. Benson says:

    This year is the centennial of Das Bauhaus.

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  9. Carol says:

    Drained some of the water out of the pool, it’s ready for winter…sort of. Would be nice to get the winter cover on it so there isn’t a ton of dirt in it in the spring, but that will never happen. And it doesn’t matter. I’m getting rid of it one way or another come spring. No one went in this summer and I haven’t been in it for 2 summers. I hope to sell the filtering system since all of it is brand new. If someone wants the pool, they can have it but they’ll need to buy a new liner.

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  10. Carol says:

    Don’t know if I mentioned that the house next door is for sale again. The girl that bought it was there maybe 2 years, remodeled it and is asking $170,000 for a house she paid $32,000 for.

    New neighbors, ugh. I’m going to miss THESE neighbors, they are the good kind.

    Like

  11. David B. Benson says:

    Raining during the trip to the grocery store and still raining while on the way to the Old Post Office in but 26 minutes.

    Like

  12. David B. Benson says:

    Rain lessened during the walk home. Still, don’t think these are waterproof boots.

    Day 7: 194+58=252 minutes.

    Like

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