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ScrubLeague
Feb 11, 2007

Nap Ghost
even though your life may be destroyed in the next scheduled collapse of our capitalist economy, you can rest assured knowing that you never had an opportunity to change it, and it wouldn't have mattered even if you did

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BrutalistMcDonalds
Oct 4, 2012


Lipstick Apathy
current mood

https://www.youtube.com/watch?v=CWIbQqbivVc

Shear Modulus
Jun 9, 2010



it is kind of interesting how prior to 2008 there was a big consensus among the big thinkers that recessions and crises had been engineered out of capitalism because everyone in charge was so smart but nowadays the big mainstream papers are constantly printing stuff about how the next recession is almost certainly just around the corner

bob dobbs is dead
Oct 8, 2017

I love peeps
Nap Ghost

Shear Modulus posted:

it is kind of interesting how prior to 2008 there was a big consensus among the big thinkers that recessions and crises had been engineered out of capitalism because everyone in charge was so smart but nowadays the big mainstream papers are constantly printing stuff about how the next recession is almost certainly just around the corner

Journalists got turbofucked by 2008 and it literally has not improved an iota for them

ikanreed
Sep 25, 2009

I honestly I have no idea who cannibal[SIC] is and I do not know why I should know.

syq dude, just syq!

ScrubLeague posted:

you can rest easy knowing that the economy doesn't exist for you, and like everything in this country, all our institutions are for the benefit of less than 100 people

Please, you still can cling on to some benefit if you're a mere multimillionaire

Phi230
Feb 2, 2016

by Fluffdaddy

bob dobbs is dead posted:

Journalists got turbofucked by 2008 and it literally has not improved an iota for them

Good, gently caress em

Wakko
Jun 9, 2002
Faboo!

Shear Modulus posted:

it is kind of interesting how prior to 2008 there was a big consensus among the big thinkers that recessions and crises had been engineered out of capitalism because everyone in charge was so smart but nowadays the big mainstream papers are constantly printing stuff about how the next recession is almost certainly just around the corner

you can rest assured that the "big thinkers" have about as much understanding of how large economies function as the average haruspex does. the media just figured out that the zerohedge model of economic reporting gets more ad views.

Agean90
Jun 28, 2008


most journos are just kinda dumb about politics in the same way the majority of America is, despite being in a conservative town the local paper doesn't shy away from bullying local politicians which I appreciate. That said all the national rags should be burned to the ground

FlapYoJacks
Feb 12, 2009
TSLA's number is going down. I like this.

Chokes McGee
Aug 7, 2008

This is Urotsuki.

ratbert90 posted:

TSLA's number is going down. I like this.

but... but number go up :ohdear:

FlapYoJacks
Feb 12, 2009

Chokes McGee posted:

but... but number go up :ohdear:

Other number can go up, TSLA number should go down. Same with UBER and LYFT.

Chokes McGee
Aug 7, 2008

This is Urotsuki.

ratbert90 posted:

Other number can go up, TSLA number should go down.

??????????

Jose
Jul 24, 2007

Adrian Chiles is a broadcaster and writer
lmao

https://theweek.com/articles/842048/death-by-consultant

quote:

Or consider Transdigm, a private equity firm that scooped up multiple military parts suppliers, and according to a recent Pentagon inspector general report, raked in excess profits on 98 out of 100 parts surveyed to the tune of 95 to 9,380 percent. (They charge $4,631 for a half-inch drive pin that should cost $46.)

Kung Food
Dec 11, 2006

PORN WIZARD

I this anything new though? I remember "$10k for a toilet seat" jokes from at least the mid 90s.

the bitcoin of weed
Nov 1, 2014

Kung Food posted:

I this anything new though? I remember "$10k for a toilet seat" jokes from at least the mid 90s.

it's not, this is just an accepted part of the american government that we pay 1000% markup to enrich a few contractors to do nothing. they had an audit last year and failed it without consequence

quote:

“We failed the audit, but we never expected to pass it,” Deputy Secretary of Defense Patrick Shanahan told reporters, adding that the findings showed the need for greater discipline in financial matters within the Pentagon.

“It was an audit on a $2.7 trillion dollar organization, so the fact that we did the audit is substantial,” Shanahan added.

The U.S. defense budget for the 2018 fiscal year that ended on Sept. 30 was about $700 billion. The Pentagon is a huge agency with multiple branches of the military, costly weapons systems, large personnel needs, numerous military bases of various sizes at home and abroad and troops deployed in far-flung locales.

Shanahan said areas the Pentagon must improve upon based on the audit results include compliance with cybersecurity policies and improving inventory accuracy. In a briefing with reporters, he did not provide a figure detailing how much money was unaccounted for in the audit.

It was unclear what consequences there would be after the audit, but Shanahan said the focus would be on fixing the issues.

Wakko
Jun 9, 2002
Faboo!

Kung Food posted:

I this anything new though? I remember "$10k for a toilet seat" jokes from at least the mid 90s.

not only is it not new, the refrain of how we solve it is literally "let's do what FDR did again"

quote:

Americans will have to rediscover the thinking and traditions that produced people like FDR's Secretary of the Interior Harold Ickes, who kept a close watch on PWA programs.

sure that did literally nothing in the long term and we're right back to late stage capitalism but let's just... keep doing it i guess?

got any sevens
Feb 9, 2013

by Cyrano4747

https://youtu.be/EhJd6pFUT6s

FlapYoJacks
Feb 12, 2009

If you short a stock, then your number go up when their number go down!!!!
Therefore, number always go up!

Crazycryodude
Aug 15, 2015

Lets get our X tons of Duranium back!

....Is that still a valid thing to jingoistically blow out of proportion?


Numba? NUMBA?!?!

bob dobbs is dead
Oct 8, 2017

I love peeps
Nap Ghost

Crazycryodude posted:

Numba? NUMBA?!?!

http://numba.pydata.org/

Zil
Jun 4, 2011

Satanically Summoned Citrus


Crazycryodude posted:

Numba? NUMBA?!?!

Is taking a mid afternoon nap so that it can have even more energy to go Up Up UP!

rex rabidorum vires
Mar 26, 2007

KASPERI KAPANEN KASPERI KAPANEN KASPERI KAPANEN KASPERI KAPANEN KASPERI KAPANEN KASPERI KAPANEN KASPERI KAPANEN KASPERI KAPANEN KASPERI KAPANEN KASPERI KAPANEN KASPERI KAPANEN KASPERI KAPANEN KASPERI KAPANEN KASPERI KAPANEN KASPERI KAPANEN KASPERI KAPANEN KASPERI KAPANEN
https://twitter.com/carlquintanilla/status/1130492405482962944

chanting to myself R word...R word...R word

Moridin920
Nov 15, 2007

by FactsAreUseless
I went to check the DJIA on google and typed in 'number' instead and didn't realize until I was just about to hit enter.

Low prices, everyone.

Lawman 0
Aug 17, 2010


Dickpunching the heartland to own the coastal libs

BrutalistMcDonalds
Oct 4, 2012


Lipstick Apathy
a great thing about that movie with charlton heston nuking the world at the end is that it did really well in the box office. the early 1970s were something

Egg Moron
Jul 21, 2003

the dreams of the delighting void

The message of 70s cinema, that the world is an irredeemable shithole and it ain't getting better, is important and very CSPAM

so many films cover this

Peanut President
Nov 5, 2008

by Athanatos

Moridin920 posted:

I went to check the DJIA on google and typed in 'number' instead and didn't realize until I was just about to hit enter.

Low prices, everyone.

I did the same thing last week.

Peanut President posted:

I went to check the markets and I almost...ALMOST searched "is number down"

jabokiebean
Dec 30, 2012
https://www.npr.org/2019/05/20/724978646/ford-slashes-10-of-its-global-salaried-workforce

Ford cutting 7000 white collar jobs worldwide, 10% of salaried workforce

Gringostar
Nov 12, 2016
Morbid Hound

jabokiebean posted:

https://www.npr.org/2019/05/20/724978646/ford-slashes-10-of-its-global-salaried-workforce

Ford cutting 7000 white collar jobs worldwide, 10% of salaried workforce

wasn't ford like the only us automaker to not be always on the edge of bankruptcy like only 2-3 years ago?

Tulip
Jun 3, 2008

yeah thats pretty good


the bitcoin of weed posted:

it's not, this is just an accepted part of the american government that we pay 1000% markup to enrich a few contractors to do nothing. they had an audit last year and failed it without consequence

we failed the audit, but performing it at all was really hard, so we did a successful audit

punk rebel ecks
Dec 11, 2010

A shitty post? This calls for a dance of deduction.

jabokiebean posted:

https://www.npr.org/2019/05/20/724978646/ford-slashes-10-of-its-global-salaried-workforce

Ford cutting 7000 white collar jobs worldwide, 10% of salaried workforce

I was under the impression that Ford was doing well.

Epic High Five
Jun 5, 2004



punk rebel ecks posted:

I was under the impression that Ford was doing well.

real world performance has no impact on anything anymore, your company doing well hasn't meant more money for you for decades, now it just means you probably don't even get to keep your job

very recently a video game developer responded to record profits by laying off a shitload of people, for no other reason than "we wanted profit to be higher"

rex rabidorum vires
Mar 26, 2007

KASPERI KAPANEN KASPERI KAPANEN KASPERI KAPANEN KASPERI KAPANEN KASPERI KAPANEN KASPERI KAPANEN KASPERI KAPANEN KASPERI KAPANEN KASPERI KAPANEN KASPERI KAPANEN KASPERI KAPANEN KASPERI KAPANEN KASPERI KAPANEN KASPERI KAPANEN KASPERI KAPANEN KASPERI KAPANEN KASPERI KAPANEN

punk rebel ecks posted:

I was under the impression that Ford was doing well.

Number must go up and therefore you must cut costs.

Ruzihm
Aug 11, 2010

Group up and push mid, proletariat!



numba fast!! :prepop:

Slim Jim Pickens
Jan 16, 2012
Ford recently abandoned its entire line of sedans, so they probably just picked up some dumbass executive team.

Shifty Pony
Dec 28, 2004

Up ta somethin'


Tulip posted:

we failed the audit, but performing it at all was really hard, so we did a successful audit

I don't think you full appreciate just how hosed the pentagon's spending and accounting is. part of it is that nothing else on earth faces the same sort of challenges they do but most of it is that they launder short term funding into longer term funding through an accounting blender where keeping actual consistent centralized records isn't done. here's a primer.

quote:

The phony numbers are referred to inside the Pentagon as “plugs,” as in plugging a hole, said current and former officials. “Nippering,” a reference to a sharp-nosed tool used to snip off bits of wire or metal, is Pentagon slang for shifting money from its congressionally authorized purpose to a different purpose. Such nippering can be repeated multiple times “until the funds become virtually untraceable,” says one Pentagon-budgeting veteran who insisted on anonymity in order to keep his job as a lobbyist at the Pentagon.

The plugs can be staggering in size. In fiscal year 2015, for example, Congress appropriated $122 billion for the US Army. Yet DoD financial records for the Army’s 2015 budget included a whopping $6.5 trillion (yes, trillion) in plugs. Most of these plugs “lack[ed] supporting documentation,” in the bland phrasing of the department’s internal watchdog, the Office of Inspector General. In other words, there were no ledger entries or receipts to back up how that $6.5 trillion supposedly was spent. Indeed, more than 16,000 records that might reveal either the source or the destination of some of that $6.5 trillion had been “removed,” the inspector general’s office reported.


...........


Appendix C, page 27, reported that Congress had appropriated $122 billion for the US Army that year. But the appendix also seems to report that the Army had received a cash deposit from the US Treasury of $794.8 billion. That sum was more than six times larger than Congress had appropriated—indeed, it was larger than the entire Pentagon budget for the year. The same appendix showed that the Army had accounts payable (accounting lingo for bills due) totaling $929.3 billion.

“I wondered how you could possibly get those kinds of adjustments out of a $122 billion budget,” Skidmore recalled. “I thought, initially, ‘This is absurd!’ And yet all the [Office of Inspector General] seemed to do was say, ‘Here are these plugs.’ Then, nothing. Even though this kind of thing should be a red flag, it just died. So we decided to look further into it.”

To make sure that fiscal year 2015 was not an anomaly, Skidmore and his graduate students expanded their inquiry, examining OIG reports on Pentagon financial records stretching back to 1998. Time and again, they found that the amounts of money reported as having flowed into and out of the Defense Department were gargantuan, often dwarfing the amounts Congress had appropriated: $1.7 trillion in 1998, $2.3 trillion in 1999, $1.1 trillion in 2000, $1.1 trillion in 2007, $875 billion in 2010, and $1.7 trillion in 2012, plus amounts in the hundreds of billions in other years.

In all, at least a mind-boggling $21 trillion of Pentagon financial transactions between 1998 and 2015 could not be traced, documented, or explained, concluded Skidmore. To convey the vastness of that sum, $21 trillion is roughly five times more than the entire federal government spends in a year. It is greater than the US Gross National Product, the world’s largest at an estimated $18.8 trillion. And that $21 trillion includes only plugs that were disclosed in reports by the Office of Inspector General, which does not review all of the Pentagon’s spending.

Epic High Five
Jun 5, 2004



Slim Jim Pickens posted:

Ford recently abandoned its entire line of sedans, so they probably just picked up some dumbass executive team.

I think about this every time I see a Focus or Fiesta on the road, which is all the time because the ~10k price point is what most people are realistically able to pay

I'm sure their plan is to make 24k the cheapest entry level option and just start offering 6 year loan terms or something lmao, STONE BLOOD FUTURES UP UP UP

Antifa Poltergeist
Jun 3, 2004

"We're not laughing with you, we're laughing at you"



Yeah, it's not enough to be raking in incredible profits, but each quarter profit must be higher!

Or your company must be losing money hand over fist because that means it's growing and soon very soon it will be profiting so much, the number will be huge.

atelier morgan
Mar 11, 2003

super-scientific, ultra-gay

Lipstick Apathy

Tulip posted:

we failed the audit, but performing it at all was really hard, so we did a successful audit

when i worked at the california department of corrections health records center for nine years we completed the mandatory every six month shelf audit of all physical records exactly zero times, because we had well north of a million records, thirty or so staff and legal obligations that kept more than half of them busy no matter what

after a solid week of full court press mandatory overtime with people working 16 hours we were about a tenth of the way through and gave up, then it was never even attempted again

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Agean90
Jun 28, 2008


I feel like Ford having absolute morons as it's executives is a norm by this point.

have they ever had a c level in the past 30 years that didn't inevitably gently caress everything up, het replaced then do the same thing

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