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Submission + - 'Tunnel Girl' granted permit to continue digging bunker under her Virginia home (foxnews.com)

schwit1 writes: The green light has been granted to a woman who went viral for digging a massive tunnel under her home.

"Kala," the supposed name of the homeowner and creator of the TikTok account @engineer.everything, garnered 7.7 million views as she documented herself digging a bunker under her home in Herndon, Virginia.

Known on social media as "Tunnel Girl," Kala posted a video on Monday announcing that her plans had been approved after paying a $2,000 fee. Her project had been halted in 2024 due to potential building violations.

Comment Different rules by vehicle type? (Score 2) 63

Why not tax emissions (highly), and let the market work out where that pollution should come from. We've already had accurate emissions measurement equipment for years.

Once a year you get your car exhaust measured (as you already doing most states for purposes of inspection), multiply that by the change in odometer, and multiply that by the emissions tax rate.

EVs would pay a tax of zero, which would encourage their adoption. "But power plants pollute!" you might say. That's true, but power plants are already required to buy pollution credits very similar to what I describe above. This seems like an unobtrusive tax, simple, easy for an individual to optimize, and benefits the environment to boot.

Comment Re:Robinhood probably didn't have a choice (Score 1) 79

One possibility: If you want a resilient system (to events like Hurricane Sandy in 2012), you want to leave time for your backup processes to take over.

I don't understand that to be the case. They take on the trades on T+0, do nothing until T+2, then do their thing. If the hurricane hits, it would cause the same issues today, only two days later.

Comment Re: Robinhood probably didn't have a choice (Score 1) 79

RH very specifically said that they allowed their customers to trade out of existing positions. They were just not allowed to buy more shares.

As to "are you a customer if you pay no fees?", the answer in this case is absolutely yes. First of all, RH offer all kinds of services that do come with a fee, for instance various ways in which they extend credit to their customers. Second, their business is like a travel agent. You pay nothing upfront to the travel agent, but they get some kickback from trips or bookings they make. (In some cases some travel agents do charge fees, but often they don't, so pretty much exactly like RH.)

Comment Re:Robinhood probably didn't have a choice (Score 1) 79

This is a good question. The US switched from T+3 to T+2 in 2017. For the life of me, I can't understand why they didn't go directly to T+0 when they were making the change anyway. However, do note that this wouldn't have solved the issue. Every clearing member, including RH, would still be expected to pledge collateral to the clearing house (DTC in this case). But sure, the collateral requirements would probably drop a bit, and maybe they would have dropped enough so that RH would have been able to meet them. Probably not, though; they would just have had less working capital to start with, in all likelihood.

Comment Re: Robinhood probably didn't have a choice (Score 2) 79

This is just factually wrong on every level. Robinhood isn't a bank, they are a broker. They also act as their own clearer. As such they have some amounts of money to post collateral to the clearing houses that settle the trades their users execute through them. When GME and other meme stocks exploded, both the volatility and the price exploded. This meant that RH had to post significantly higher amounts of capital than they usually have to do. More money than they had, in fact, so they had to limit trading in order to reduce their collateral demands from DTC. Yes, obviously they were underfunded. That was clearly bad. But it wasn't illegal or, if you stop to think about it for five seconds, very strange. Most small brokers don't have an extra billion dollars just lying around.

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