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Stein Mart crashed 37% to $.72/share today after announcing that they hired advisors to 'explore strategic alternatives'.
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Jan 30, 2018 02:44
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Farmer Crack-rear end posted:lol which one Which threat or which president? Either way, I'm 
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Jan 30, 2018 03:37
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Remember the forums have been around since the Clinton administration, so it's probably included him too!
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Jan 30, 2018 03:41
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ryonguy posted:Why would they just not... put a disposable rfid tag on everything that rings up when you exit? Like literally every retail store in the country already does to prevent shoplifting?! What is is with tech geeks and the need to make everything as next gen as possible without any regard to feasibility, functionality, or efficiency? In case this part hasn't been answered---they don't. Those anti-theft tags you normally see don't have an integrated circuit in them. They are basically just a metal foil resonator that is excited + detected by sensors. They are disabled by either physically punching a hole in them, or being excited by an extremely strong field, causing part of it to blow up and short out (IIRC). RFIDs probably cost 10-100x as much. EDIT: Xae posted:It becomes a problem because how do you tell if the customer had 5 boxes of the same pasta or if the scanner picked up some radio weirdness from trying to interrogate 100+ items in a tiny area. This part isn't an issue--different RFIDs, even those on the same product, are distinguished by their UIDs. There are lots of other problems though Slanderer fucked around with this message at 04:04 on Jan 30, 2018 |
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Jan 30, 2018 03:59
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Magius1337est posted:so I looked at the amazon grocery stores and I think maybe they work in a niche but they seem like mostly really expensive convenience stores that you need a membership to shop in It's like the saw CVS and said "How can we make our pricing and couponing even more arcane....and the experience less human."
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Jan 30, 2018 16:48
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Amazon, Berkshire Hathaway and JPMorgan Team Up to Disrupt Health Care https://nyti.ms/2GuXbBp
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Jan 30, 2018 16:54
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Love to have my health care become 'disrupted'
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Jan 30, 2018 16:56
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BrandorKP posted:Amazon, Berkshire Hathaway and JPMorgan Team Up to Disrupt Health Care https://nyti.ms/2GuXbBp Teehee, the Dow is really enjoying this news this morning.
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Jan 30, 2018 16:57
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crazy cloud posted:Love to have my health care become 'disrupted' It's more than that, Buffet doesn't gently caress around. This is going to affect a huge cross section of the population too. Morgan and Berkshire have stakes in so loving much. This is like the business equivalent of announcing a healthcare moon shot.
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Jan 30, 2018 19:01
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It's certainly better than: let's never allow anyone to be full time and get benefits. And if it fails I think corporations will then push for single payer!
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Jan 30, 2018 19:03
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I mean I would be ecstatic if amazon et al decided to throw the healthcare industry under the bus. It only makes sense that if they tear apart the private healthcare industry, they can reap the savings for themselves, and then they can see about absorbing the savings consumers have. I really hope capitalism destroys itself through backstabbing socialism into power. edit: wait brandor are you being serious or are you joking?
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Jan 30, 2018 19:15
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thechosenone posted:I really hope capitalism destroys itself through backstabbing socialism into power. Jacob Bacharach wrote a really neat article on how American capitalism has backed into recreating the dynamics of consumerism under the Soviet Union.
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Jan 30, 2018 19:18
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No this is "And if it fails I think corporations will then push for single payer!" is a serious statement! There had been a great deal written about rising healthcare costs threatening competitiveness of American firms. They are at the point of fix or we will. If they fail the only solution left to try is single payer.
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Jan 30, 2018 19:19
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Thinking that more capitalism is the solution to the problem of healthcare in the US is like thinking that more guns is the answer to gun violence in the US.
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Jan 30, 2018 19:25
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DrNutt posted:Thinking that more capitalism is the solution to the problem of healthcare in the US is like thinking that more guns is the answer to gun violence in the US. Well, what I was thinking would be like if the members of the NRA basically shot each other, hastening the demise of gun owners as a political force. So it isn't so much more capitalism, so much as the currently existing capitalist forces destroying each other for gain.
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Jan 30, 2018 19:32
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thechosenone posted:Well, what I was thinking would be like if the members of the NRA basically shot each other, hastening the demise of gun owners as a political force. So it isn't so much more capitalism, so much as the currently existing capitalist forces destroying each other for gain. Yeah, I totally believe that a venture featuring Jamie Dimon and Jeff Bezos is going to be really disruptive to health care and not just something that fucks consumers over for more corporate profits. And by consumers in this case we're talking about people who need health care, not people buying TVs or getting home loans. e: My prediction is that this will go horribly wrong, in a way that is not beneficial for most people. The words "simplified" and "technology" are really troublesome used in this context.
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Jan 30, 2018 19:51
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BrandorKP posted:No this is "And if it fails I think corporations will then push for single payer!" is a serious statement!
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Jan 30, 2018 19:55
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In a sense, Amazon, BH and JPMorgan are the "consumers" of the health insurance industry's product, though, and they have quite a lot of highly paid people to whom they want to offer excellent benefits, regardless of other lovely things they might do. It remains to be seen how this will play out, but it could certainly knock the health insurance industry down a few pegs, and that's a noble cause.
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Jan 30, 2018 19:55
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My wife works for Geico and already has some pretty good health insurance. I do, as well, but hers is pretty low cost compared to most. Looking forward to seeing what comes out of this.
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Jan 30, 2018 20:09
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Neon Noodle posted:LOL if they fail they will just let everyone die That's the status quo. That's literally what the never allow anyone to get the hours for full time status thing happening right now is.
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Jan 30, 2018 20:20
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BrandorKP posted:No this is "And if it fails I think corporations will then push for single payer!" is a serious statement! No, that makes no sense. Unless you just don't know what single payer means, and think it's a synonym for government supported health care.
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Jan 30, 2018 21:09
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Amazon and co "disrupting" health care doesn't seem great, but can health care in America get any worse?
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Jan 30, 2018 21:56
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"Privatize and deregulate everything" is always an option in American politics, so yes.
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Jan 30, 2018 21:59
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Nissin Cup Nudist posted:Amazon and co "disrupting" health care doesn't seem great, but can health care in America get any worse? AmazonCare Prime: for $2999 a year you can see a doctor in only two days.
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Jan 30, 2018 22:00
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They are just aggregating their very favorable risk pools into one big one so they can get better discounts from medical providers. They are probably using some fancy technology to create further efficiencies to lower their costs more. I doubt you will be able to buy in unless you work for one of those companies. The problem isn't getting healthcare to Berkshire Hathaway executives, it is paying for the bottom quartile of subsistence workers and indigent people.
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Jan 30, 2018 22:16
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Nissin Cup Nudist posted:Amazon and co "disrupting" health care doesn't seem great, but can health care in America get any worse? Not that we even know what they're going to do yet.
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Jan 30, 2018 23:30
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Nissin Cup Nudist posted:Amazon and co "disrupting" health care doesn't seem great, but can health care in America get any worse? Yes, Amazon is good at what they do. Incidentally, European health care systems vary widely from region to region & they are very racist over there over who they do & don't accept into their hospitals. So it's not like it's any better in Europe than in America. In the states there is some consistency so that's good.
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Jan 30, 2018 23:31
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A3th3r posted:Yes, Amazon is good at what they do. Incidentally, European health care systems vary widely from region to region & they are very racist over there over who they do & don't accept into their hospitals. So it's not like it's any better in Europe than in America. In the states there is some consistency so that's good. Lmao what the gently caress is this.
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Jan 31, 2018 00:13
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A3th3r posted:Yes, Amazon is good at what they do. Incidentally, European health care systems vary widely from region to region & they are very racist over there over who they do & don't accept into their hospitals. So it's not like it's any better in Europe than in America. In the states there is some consistency so that's good. American healthcare is pretty drat good if you can afford it. The problem is the "if you can afford it" part. Insurance helps but even people with insurance can't always afford the care they need. Obamacare took some steps in the right direction but our system still has problems.
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Jan 31, 2018 00:17
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A3th3r posted:Yes, Amazon is good at what they do. Incidentally, European health care systems vary widely from region to region & they are very racist over there over who they do & don't accept into their hospitals. So it's not like it's any better in Europe than in America. In the states there is some consistency so that's good. lol pop calling kettle black much? I'm not gonna call Europe a place of peace and harmony (for one, it's a big place, Eastern Europe is hugely different to Western Europe, but nowhere are you going to get barred from hospital for your race except maybe like Romania, and even then probably not.
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Jan 31, 2018 00:18
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fishmech posted:No, that makes no sense. Unless you just don't know what single payer means, and think it's a synonym for government supported health care. No I mean unless something happens the health benefit is going to get so expensive they won't be able to offer it period, because firms won't be able to make money if they continue to offer it. It's eating the margins of low margin businesses (like grocery) already. They are already refusing to pay for healthcare by limiting hours. Buffet has already written at length about it. When we looked at it in grad school that was the concensus. Eventually it's going to hit higher margin businesses and the ones that have to compete internationally for employees unless the growth rate in costs levels off. It's making the cost of having American employees grow relative to other developed nations. So something has to be done about the continuing growth in healthcare costs. Nations with single payer or hybrid (think the german system) are basically subsidizing the cost of holding employees by firms. At the time I was reading about it Obamacare showed promise in reducing the growth of costs. It was also seen as a hybrid solution because of the subsidies in the individual market. It that fails what do you do next? You advocate for transferring the cost to government entirely. They aren't there yet, they are trying to save the hybrid system.
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Jan 31, 2018 02:09
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BrandorKP posted:No I mean unless something happens the health benefit is going to get so expensive they won't be able to offer it period, because firms won't be able to make money if they continue to offer it. It's eating the margins of low margin businesses (like grocery) already. They are already refusing to pay for healthcare by limiting hours. Buffet has already written at length about it. When we looked at it in grad school that was the concensus. Eventually it's going to hit higher margin businesses and the ones that have to compete internationally for employees unless the growth rate in costs levels off. It's making the cost of having American employees grow relative to other developed nations. So something has to be done about the continuing growth in healthcare costs. Nations with single payer or hybrid (think the german system) are basically subsidizing the cost of holding employees by firms. At the time I was reading about it Obamacare showed promise in reducing the growth of costs. It was also seen as a hybrid solution because of the subsidies in the individual market. It that fails what do you do next? Germany doesn't have "a hybrid system" it's simply a multi-payer UHC system. You see this in many countries with quite great healthcare such as Germany of course, but also France, Australia, and many others. What they do of course is heavily control what the private entities involved in handling and administering most care must do, and also tend to have a large range of people for whom you go directly through government-direct administration. The idea that single payer is the only answer because the ACA doesn't fix everything is ludicrous, frankly, most countries don't go to or need single payer to have UHC. If there's ever going to be real UHC in the US, it's far more likely to look like something on the path between Germany or Switzerland and ACA then something off on the Canada or UK NHS style of system. And the results show that doing such a thing is going to be pretty much exactly as effective at reducing costs and providing medial safety to the public as Canada or UK style systems do.
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Jan 31, 2018 02:27
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Fair enough fishmech, I'm conflating UHC and single payer because the arguements I remember reading were for single payer couched as business subsidy.
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Jan 31, 2018 02:36
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Like for instance, let's say you move to Germany and become a citizen or long-term resident. You must buy into a private entity that is essentially an HMO and pay monthly premiums for it (with some of the payments coming from your employer on top of your own contribution), and different ones have different areas where they tend to take customers and somewhat different services offered, often based on the state they're operated in. But they're essentially all non-profits at this point (might be all of them now? for a time a few that were legally for profit still existed). Also they all must meet a certain minimum national standard of services offered. The monthly premiums can only vary by a certain amount within certain bands determined by what you're making. And naturally if you end up being very poor after you've been there for a while, you end up getting all the premiums covered by the government and some to all of your incidental costs. You can see how the ACA is essentially a much weaker version of this system - you can also see how such a system was politically viable to develop over time as indeed it was in most countries like that.
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Jan 31, 2018 03:06
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nothing to seehere posted:lol pop calling kettle black much? I'm not gonna call Europe a place of peace and harmony (for one, it's a big place, Eastern Europe is hugely different to Western Europe, but nowhere are you going to get barred from hospital for your race except maybe like Romania, and even then probably not. My grandpa got very sick while doing a forestry job in Austria and his supervisor was extremely racist (he's hungarian but grew up in austria) and ranted to him about how all Hungarians are traitors and rebels but finally allowed him to go to a doctor. The doctor was very nice and gave him the paperwork to get treated at the local hospital. When he got to the hospital he was speaking perfect german and he was getting undressed but the moment they say "hungarian" under nationality they told him to get the gently caress out despite having the correct paperwork. European hospitals are very racist. Also this was in like 1935. I'm sure it's the same now though.
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Jan 31, 2018 03:10
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cstine posted:AmazonCare Prime: for $2999 a year you can see a doctor in only two days. Uh... that would actually be much better than the current system.
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Jan 31, 2018 03:15
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fishmech posted:You can see how the ACA is essentially a much weaker version of this system - you can also see how such a system was politically viable to develop over time as indeed it was in most countries like that. Well I think creating a successful very large non for profit provider present in most state markets would be something that pushes us more towards what the Germans have. Where do things go if we fail to develop towards that?
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Jan 31, 2018 03:42
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BarbarianElephant posted:Uh... that would actually be much better than the current system. Well... it's Prime, so while they might guarantee you'll be able to see a doctor within two days after making an appointment, in practice you won't actually be able to make the appointment for five days. (And the doctor you want to see won't have the little Prime logo next to their price, so all bets are off. Might be a counterfeit doctor from China for all you know.)
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Jan 31, 2018 07:56
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Baronjutter posted:My grandpa got very sick while doing a forestry job in Austria and his supervisor was extremely racist (he's hungarian but grew up in austria) and ranted to him about how all Hungarians are traitors and rebels but finally allowed him to go to a doctor. The doctor was very nice and gave him the paperwork to get treated at the local hospital. When he got to the hospital he was speaking perfect german and he was getting undressed but the moment they say "hungarian" under nationality they told him to get the gently caress out despite having the correct paperwork. European hospitals are very racist. A. That’s xenophobia not racism B. It was in 1935 C. Weirdly it’s not the same now, perhaps because of events that happened in Austria in the late 1930s maybe?
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Jan 31, 2018 08:04
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learnincurve posted:A. That’s xenophobia not racism Oh ho ho, while you Americans (I have no idea if you are actually American, sorry) think racism is only skin-deep, we Europeans have perfected the art of hating people who look and sound exactly the same as us!
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Jan 31, 2018 08:42
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