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Kinkade fire is childs play. Im not trying to discredit rhe vast casualty list[2 wineries] but its a 3/10 on the deadly fire scale.
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Oct 26, 2019 22:50
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WAR CRIME GIGOLO posted:Kinkade fire is childs play. Im not trying to discredit rhe vast casualty list[2 wineries] but its a 3/10 on the deadly fire scale. Yeah, its big and scary, but luckily hasn't hit any densely populated areas and we have warning to get people out. Its way worse when the fire starts in or adjacent to the town, like in Paradise or Santa Rosa
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Oct 26, 2019 22:53
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Ardeem posted:Man, Jenner, Fort Ross and Bodega Bay are in the potential evacuation zone... I wonder what the insurance on a two hundred year old wooden fortress is like. its a russian fort insurance policy is cyka blyat
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Oct 26, 2019 22:57
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It is weird to see families of track suited russians on the beaches of jenner.
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Oct 26, 2019 23:02
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Leperflesh posted:The current executives have a legal responsibility to do what they can to emerge from chapter 11 and reward shareholders with a solvent company that can make them profits; so they are going to fight to reduce payouts to victims, even if that's morally wrong, because it's their legal duty to try to get as much debt discharged as possible for as little payout as possible. I was going to jump in and correct this statement like I've seen another poster do, but it turns out you're right. It seems that the popular articles that get trotted out to "debunk" the notion that "it's illegal for a corp to act unprofitably" were at least partially created by right wing think-tank types expressly to keep people from knowing that. Source: https://www.litigationandtrial.com/...ximize-profits/ quote:(...) He’s right that most companies can engage in modest philanthropic efforts without worry, but if a company starts putting its money where its mouth is on philanthropy, they’ll get eBay’d, just like craigslist was. Craigslist didn’t engage in “purely philanthropic ends,” they tried to protect the frugal, community-centric corporate culture that was a hallmark for their success. The Court held: no, sorry, can’t do that, because that conflicts with your duty to maximize shareholder value. Thus, the duty to maximize profits isn’t, as Henderson said, a “canard.” It’s an enforceable — albeit rare, since most corporations willingly maximize profits — legal doctrine, and it was just enforced against craigslist.] Happy Thread fucked around with this message at 23:13 on Oct 26, 2019 |
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Oct 26, 2019 23:07
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Dumb Lowtax posted:Well yeah, who would you expect to put it up? PG&E's competition?
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Oct 26, 2019 23:20
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I went to a meeting of the West LA one a few months ago and it felt like it must be their very first meeting ever. They had apparently just suffered some great upheaval with leadership turnover. Much of it was like attending a discussion led by the worst college TA you ever had.
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Oct 26, 2019 23:55
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But they seemed to schedule some real action and meetups to fight for some important local topics. I probably would have gotten a better impression had I attended those afterward.
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Oct 26, 2019 23:57
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Yeah, when I went to a Silicon Valley meeting last year it had all the signs of a small group working to adopt the administrative practices needed to expand rapidly. Yeah, a bit clumsy or awkward at times, but moving in the right direction. They’ve since gotten better and there’s a definite tendency to focus on activism and coalition-building over obscure ideological divisions.
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Oct 27, 2019 00:39
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Whether corporations have to be evil or not sort of depends on how they're structured. Privately held corporations can do whatever they wish. PG&E should be moved into a public trust. That will make the public the company's only investor, while still insulating it from politics by keeping it an independent organization instead of a division of the state budget, and nobody has to ask if blackouts are coming if Sacramento shuts down over legislative infighting or something. Craptacular! fucked around with this message at 01:15 on Oct 27, 2019 |
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Oct 27, 2019 01:12
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Arsenic Lupin posted:I think of the DSA as people who are always getting into internal fights and never getting anything done. My son informs me that this is a dumb stereotype, because there are lots of different DSA chapters, some of whom are very competent. Yeah, the DSA is extremely grassroots and extremely decentralized. National chapter basically exists only to help new chapters get off the ground, so when you hear people bitching about the DSA it's pretty much "president of antifa" tier. Your experience with the DSA will depend on entirely what the people who live around you that formed/joined your local DSA chapter are like. On the whole, it's a good organization that has accomplished a lot of good, and probably done the most to advance socialism in the US this decade. DSALA has had some hiccups but I've heard DSA SF is extremely good.
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Oct 27, 2019 01:27
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Dumb Lowtax posted:I was going to jump in and correct this statement like I've seen another poster do, but it turns out you're right. It seems that the popular articles that get trotted out to "debunk" the notion that "it's illegal for a corp to act unprofitably" were at least partially created by right wing think-tank types expressly to keep people from knowing that. That's correct, and in line with what I said; but, I was intending to speak specifically to the duty the corporation's officers have during chapter 11. At this point they are under supervision by the court, and they really do have to tow a very narrow line as far as their fiduciary duty. They have to manage day-to-day operations of the company as well as submit/negotiate/reach some kind of settlement approved by the court, in which some or all of the company's creditors will not be made whole (hence bankruptcy). Doing something that could reduce the company's ability to pay more money back to those creditors would be directly counter to their legal responsibility. Outside bankruptcy, they have far more leeway. The company absolutely could have spent money to maintain its infrastructure instead of returning it to shareholders in the form of dividends, because - as we've seen - it's not just the right thing to do, it reduces the potential for catastrophic disasters that wind up costing the company a hundred billion dollars in damages. "Don't murder your ratepayers" would easily pass any legal test as a standard. It's just particularly absurd that, having murdered its customers and creating a potential liability that plunges it into bankruptcy, the company's officers now face a legal responsibility to try to reduce as much as possible what the settlements will be, in order to best protect the interests of the shareholders. No officer of the company could go to the court and say "you know, we really should just pay them everything they're asking for, even though that means we'll have nothing at all left for the bondholders or stockholders, it's just morally right." (In case there's any capitalists listening, you don't have to reject capitalism to recognize this is a moral outrage: there ought to be law that permits officers to fully make whole, the actual victims of corporate crimes, before returning a penny to mere investors. Doing this would encourage investors to in turn encourage the officers of companies they invest in, to be more diligent about not creating victims, even if it costs them a bit of dividend income.)
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Oct 27, 2019 05:49
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Mandatory evac zones are now much deeper into Santa Rosa than the 2017 fire, penetrating through the west side of downtown and covering about 40% of the city. This also includes all the city's PG&E offices. 
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Oct 27, 2019 13:05
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Leperflesh posted:(In case there's any capitalists listening, you don't have to reject capitalism to recognize this is a moral outrage But you should.
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Oct 27, 2019 13:53
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Craptacular! posted:Mandatory evac zones are now much deeper into Santa Rosa than the 2017 fire, penetrating through the west side of downtown and covering about 40% of the city. Though notably, the fire is further away than the Tubbs fire was in 2017.
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Oct 27, 2019 14:58
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Fire at the carquinez bridge now. A small one on the Vallejo side, but the fire on the other side is very clearly visible from the end of my street
DeadFatDuckFat fucked around with this message at 17:54 on Oct 27, 2019 |
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Oct 27, 2019 17:51
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Craptacular! posted:Mandatory evac zones are now much deeper into Santa Rosa than the 2017 fire, penetrating through the west side of downtown and covering about 40% of the city. Oh noooooooooo the bosses and execs have nowhere else to stay
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Oct 27, 2019 17:59
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Aerial footage on the news shows the fire in vallejo is significant. The maritime academy is threatened and has spot fires, there's also a separate fire in carquinez. Hwy 80 is closed at the Carquinez bridge, and the fire in vallejo jumped the freeway and is burning on both sides.
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Oct 27, 2019 18:15
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People in vallejo have no power either so the only way for them to find out about the fire is by using cell data. Or just looking outside I guess
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Oct 27, 2019 18:35
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love to live in a failed state
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Oct 27, 2019 18:48
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gavinbot has a plan, and dont worry guy who was laughing at the DSA, youll be glad to see that the real, serious political voices have made a real, serious plan that will fix the problem without that silly "socialism" https://twitter.com/thejdmorris/status/1188271375452004353?s=20
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Oct 27, 2019 18:55
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Hmm yes private sector utilities have absolutely hosed this state several times over but clearly the best solution would be for a private sector company from another state to take over our power infrastructure, it'll go great this time! loving establishment democrats can go jump off a cliff.
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Oct 27, 2019 18:58
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No no, it's fine, let Berkshire Hathaway be the ones to jump into pitchfork mob of every homeowner in the largest economy within the US
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Oct 27, 2019 19:02
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WAR CRIME GIGOLO posted:What the gently caress did you just loving say about me, you little bitch? I'll have you know I graduated top of my class at PG&E, and I've been involved in numerous secret shutoffs on California, and I have over 300 confirmed kills. I'm the top Power company in the entire US . You are nothing to me but just another shut-off target. I will shut off your power with precision the likes of which has never been seen before on this Earth, mark my loving words. You think you can get away with saying that poo poo to me over the Internet? Think again, fucker. As we speak I am contacting my secret network of power plants across the USA and your IP is being traced right now so you better prepare for the 80 MPH wind-storm, maggot. The storm that wipes out the pathetic little thing you call your power. You're loving dead, kid. I can be anywhere, anytime, and I can turn off your power in over seven hundred ways, and that's just with my bare hands. Not only am I extensively trained in power shutoff, but I have access to the entire grid of the United Statesand I will use it to its full extent to wipe your miserable rear end off the face of the continent, you little poo poo. If only you could have known what unholy retribution your little "clever" comment was about to bring down upon you, maybe you would have held your loving tongue. But you couldn't, you didn't, and now you're paying the price, you goddamn idiot. I will poo poo fury all over you and you will drown in it. You're loving powerless kiddo.
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Oct 27, 2019 19:17
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Dumb Lowtax posted:No no, it's fine, let Berkshire Hathaway be the ones to jump into pitchfork mob of every homeowner in the largest economy within the US You think that corporation is going to agree to takeover pg&e without also getting agreement from the government to not be held liable? This will be painted as "awesome, empathetic but also well-run corporation comes to save California. rejoice! don't blame them for that other terrible, evil corporation that preceded it. also they get to make money now, but they'll make money in a different way somehow..." meanwhile the tax payer has to pick up the pieces and the cycle continues. Bald Stalin fucked around with this message at 19:56 on Oct 27, 2019 |
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Oct 27, 2019 19:53
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The pitchfork mob will continue to exist for them too because they won't change a thing about the incentive structures that got us these blackouts.
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Oct 27, 2019 21:08
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Ranter posted:You think that corporation is going to agree to takeover pg&e without also getting agreement from the government to not be held liable? This will be painted as "awesome, empathetic but also well-run corporation comes to save California. rejoice! don't blame them for that other terrible, evil corporation that preceded it. also they get to make money now, but they'll make money in a different way somehow..." meanwhile the tax payer has to pick up the pieces and the cycle continues. yeah as if a state-brokered fire sale to a major political donor wouldnt include a shield from all liability
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Oct 27, 2019 21:17
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Dumb Lowtax posted:The pitchfork mob will continue to exist for them too because they won't change a thing about the incentive structures that got us these blackouts. yeah but did you hear who's organizing the picthfork mob? Arsenic Lupin posted:
lol laaaame Shear Modulus fucked around with this message at 21:25 on Oct 27, 2019 |
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Oct 27, 2019 21:18
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Somebody is going to be left holding the bag of PG&E's gross negligence one way or another. The difference is if it's the state then their primary incentive is going to be to improve said infrastructure even if it will have to clear all the hurdles and corruption time sinks that inevitably come with government work. If it's a publicly-traded firm holding the bag - PG&E or otherwise - their primary incentive will be to find a way to make a profit, which will inevitably lead to across-the-board rate hikes, asking the government to subsidize them and make the state pay out the nose anyway, and only put in the bare minimum of maintenance and repair effort as required.
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Oct 27, 2019 21:19
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The good news is that warren buffet/hathaway is way too smart to buy pg&e.
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Oct 27, 2019 21:57
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Warren Buffett’s “the generous billionaire” image doesn’t exist on Nevada after he bought Nevada Power around 2010. Mostly because they tried to put the screws to rooftop solar by adjusting things so people who paid to have solar wouldn’t recoup their losses for over a decade. Nevada politics often looks like Buffett vs Elon Musk (SolarCity) or Buffett vs Sheldon Adelson. All the casinos and the handful of tech companies here decided to stop being Nevada Power customers and pay huge fines to the PUC to buy electricity from elsewhere. California needs an ownership trust for PG&E.
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Oct 27, 2019 22:58
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Finally got back home to Marin and I don't have power. The PG&E website claims I have power, so I expect them to still charge me for my "power usage" today
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Oct 27, 2019 23:06
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warren buffet's "generous billionaire" image is entirely bullshit and the product of good PR and sycophantic media
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Oct 27, 2019 23:37
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Craptacular! posted:Warren Buffett’s “the generous billionaire” image doesn’t exist on Nevada after he bought Nevada Power around 2010. Mostly because they tried to put the screws to rooftop solar by adjusting things so people who paid to have solar wouldn’t recoup their losses for over a decade. How'd he do that? Was it a decrease in rates from putting energy back onto the grid?
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Oct 27, 2019 23:40
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Shear Modulus posted:warren buffet's "generous billionaire" image is entirely bullshit and the product of good PR and sycophantic media But but but he promised to donate 99% of his riches when he dies!!!! A good person would never have accumulated such absurd levels of wealth in the first place.
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Oct 28, 2019 00:04
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BeAuMaN posted:How'd he do that? Was it a decrease in rates from putting energy back onto the grid? Generous "net metering" in which people with panels get paid per kw they feed back to the grid at the same rate they'd pay for drawing power, doesn't scale up because it ignores the cost of the infrastructure. So, after offering net metering to intice homeowners to install solar for a few years, you then use that argument to yank it back and only pay a small amount for that power. Anyone anywhere deciding whether to buy solar should assume a net metering deal being offered to them is temporary.
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Oct 28, 2019 00:18
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Drove from the foothills to the east bay today and literally passed 4+ active fires everything east of the oakland hills is on fire lol
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Oct 28, 2019 00:46
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sincx fucked around with this message at 05:49 on Mar 23, 2021 |
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Oct 28, 2019 00:51
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BeAuMaN posted:How'd he do that? Was it a decrease in rates from putting energy back onto the grid? Yes, but they grandfathered the original affected homeowners back to original rates, and voters chose to continue the electric monopoly and set a target for 2/3rds renewable electricity generation. This was the Buffett/Adelson battle. Sheldon Adelson’s idea was to end the monopoly on generation via question/proposition, and Buffett spiked it by putting a “every electric company should have 2/3rds renewables” prop in there, and then the media flooded the state with noise about how you can’t vote for both things because the marketplace would never succeed with that target.
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Oct 28, 2019 00:59
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Its not even that loving hot, it was 75 in Marin today, it could easily be 30 degrees warmer
The Glumslinger fucked around with this message at 01:06 on Oct 28, 2019 |
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Oct 28, 2019 00:59
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