jazzyk

6 ms·

1.
by jazzyk 19d ago
Sorry to go off-topic, but you started it... Disagreeing with Musk politically is OK, but it might be advisable to not let your hatred warp the reality...Easily searchable _facts_: X remains a large, influential real-time news and conversat
2.
by jazzyk 4y ago
No, it is really "competition" (banks compete for my money) vs "monopoly" (no other option than the government). The assumption that CBDC is a good idea because the government is always benevolent and does what's be
3.
by jazzyk 4y ago
I actually did, a few months ago. In my state, out of the 10 non gun-carrying people killed by the cops in the past 10 years, 2-3 were Black, 5 were White, the rest Hispanic and 1 Asian (matching the racial makeup of US). So the statement b
4.
by jazzyk 4y ago
The left-leaning bias is not limited to just "news". It is also very much present in various tech and fashion/style publications - check out Ars Technica and GQ as examples. Both owned by the corporate mouthpiece Condé Nast I
5.
by jazzyk 4y ago
Life is not fair and not a bed of roses, never will be. These experiences make you tougher - in adult life, you will run into toxic bosses, colleagues, brutal job interviewers... It is important to have a loving family and/or supportiv
6.
by jazzyk 4y ago
Words can break hearts when they come from a loved one, or someone you look up to. Why would what some random person says break your heart?
7.
by jazzyk 4y ago
The Fed want inflation to diminish (in real terms) the mountains of debt the US government and consumers incurred in the past 20 years. At the expense of the poorest people and savers (because wage inflation is much lower than the goods&#x2
8.
by jazzyk 4y ago
Pearson had a 50% stake, most of which was sold to the Agnellis. So now, the Agnellis and the Rotschilds are the largest (and, together, controlling) shareholders. Board members like Lady de Rothschild and Eric "you have no privacy&quo
9.
by jazzyk 4y ago
Perhaps more like globalist/corporatist, which reflects their recent ownership? In 2015, Pearson - a publishing company - sold its controlling stake to a bunch of corporate owners, like the Agnellis (43%) and the Rotschilds (21%), amon
10.
by jazzyk 5y ago
They were only petitioning for early elections - in case Covid restrictions were not immediately removed . Not unconditionally. Petitioning for early elections (even if impossible legally) is a far, far cry from "overthrowing the
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by jazzyk 5y ago
So they tried to "overthrow the government" by filing a petition to call for early elections? That's quite a stretch...
12.
by jazzyk 5y ago
> to overthrow the elected government of Canada This is a serious claim, and one that I have not seen coming from the protesters (they want an end to the Covid mandates, from what I can tell) . Can you please provide the source for your
13.
by jazzyk 5y ago
You missed my point entirely - which is: Increased expenses that others occur now due to inflation, will - sooner or later - affect you. The fact that something (temporarily) does not affect you does not mean it is not happening.
14.
by jazzyk 5y ago
You are lucky, then. For me, electricity, gas, and, above all, real-estate taxes went up easily 10% (or more). And while you don't have to buy/rent a house right now, your plumber may. So he will charge you more when (inevitably)
15.
by jazzyk 5y ago
Since we can only pick one -> "Animal Farm", no question about it. Easy read, succinctly describes human nature. But if I could, I would supplement it with these two, because they were so prescient in describing what happened t
16.
by jazzyk 5y ago
Also - The Art of Loving
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by jazzyk 5y ago
Construction costs have very little to do with current asking prices. It is all about what the market can bear (and it can bear a lot these days, thanks to incessant money printing)
18.
by jazzyk 5y ago
What to do when you have two very different opinions coming from experts: - Anthony "I am The Science" Fauci or - Dr Malone (mRNA inventor)? Who to believe? Difficult to say, but these days, sadly, the first (and prudent) thing to
19.
by jazzyk 5y ago
There are quite a few toxic places in the software business, no? Medical field (being a physician) is not a walk in the park, but: 1. nobody questions you intelligence/knowledge after, say, 20 demonstrably successful years in the bus
20.
by jazzyk 5y ago
>But it is absolutely true that pay has been surging since about 2014/2015 Only partially true: 1. High total compensation (not salaries) is limited to FAANG/Unicorn employees (awash with money) 2. That high compensation has be
21.
by jazzyk 5y ago
They were bailouts, because, without Fed's guarantees, no financial institution would loan money to most of these badly-managed, reckless corps. And they are doing the exact same thing again, knowing they will be bailed out again. &quo
22.
by jazzyk 5y ago
The bond "market" is dominated by Fed purchases (with money created out of fresh air), to keep borrowing costs low (aka QE). They are following the BoJ, which now owns around 70% of all government bonds. This charade can continue
23.
by jazzyk 5y ago
The US, at least, has not been a free market for a long time. What we have is some form of (heavily financialized) crony statism, where a bunch of well connected monopolies milk consumers shamelessly (health "care", higher educati
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by jazzyk 5y ago
As sibling comments are pointing out - the jobs are not for life anymore (and the tenure is getting shorter). But there are 3 other aspects, specific to your location/economic system, which do not apply (and mostly never applied) in th
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by jazzyk 5y ago
Make it 2-3 conductors per train for commuter trains in Boston. Also, MBTA employees retire with super high pensions (70-80% of salary)
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by jazzyk 6y ago
Inflation is the most cruel, invisible tax - cruel, because it is regressive, and so affects the poor much more than the rich. That the government, elected by the people, is actively - and pretty openly- diminishing the purchasing power of
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by jazzyk 6y ago
... and healthcare, which has been rising 13%-15% every year
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by jazzyk 6y ago
Really? "... and many people's only news source"
29.
by jazzyk 6y ago
Why bring politics into this? Most of my economically clueless friends are liberals who only watch CNN and read NYT. Economic Ignorance is widespread and bipartisan.
30.
by jazzyk 6y ago
Almost noone in my highly educated and successful social circle grasps this. We are talking MBAs and PhDs. They all think that the bailouts in 2008 and in 2020 were necessary because otherwise "the economy would collapse".

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