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Casey Finnigan posted:in the NYTimes article (which is full of effusive praise for Amazon lol) there is a lady who worked at Amazon for months, who was actually cool with being tracked and performed well relative to her coworkers, etc etc. She missed her bus once and her station at work was occupied so she tried to get another assignment, but the system didn't put it through properly. i read a scifi short story called "manna" that 100% predicted amazons hell-system. but they assumed it would be used in fast food, this was back in 2003 before internet shops were big. special computers telling your every movement, shock collars that buzz you if you move incorrectly, AI management that will flag you for any minor infraction, etc: https://marshallbrain.com/manna1 quote:I can remember sitting down one day with my friend Brian at lunch. He was working at the giant discount supercenter in Raleigh, and they had just switched over to Manna. He was stunned. now we have reached this part of the story: quote:As these communication networks between all the different Manna systems built up, things started to get uncomfortable for every worker. For example, the Manna software in each store knew about employee performance in microscopic detail — how often the employee was on time or early, how quickly the employee did tasks, how quickly the employee answered the phone and responded to email, how the customers rated the employee and so on. When an employee left a store and tried to get a new job somewhere else, any other Manna system could request the employee’s performance record. If an employee had “issues” — late, slow, disorganized, unkempt — it became nearly impossible for that employee to get another job. Nearly every company with minimum wage employees used Manna software or something similar, and performance records on employees were a major commodity freely exchanged between corporations. A marginal employee got blacklisted in the system very quickly.
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Jun 18, 2021 15:59
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a lot of the sp500 funds have Tesla in their top holdings…seems less than ideal
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Jun 18, 2021 16:06
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we bought into a co-op because my inlaws got my wife all agitated that rent was a waste but the maintanence is exactly the same as the rent we were paying so i think my in laws are just pricks.
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Jun 18, 2021 16:41
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dew worm posted:a lot of the sp500 funds have Tesla in their top holdings…seems less than ideal yes but also very funny
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Jun 18, 2021 16:41
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Real hurthling! posted:we bought into a co-op because my inlaws got my wife all agitated that rent was a waste but the maintanence is exactly the same as the rent we were paying so i think my in laws are just pricks. im always suspicious of the big co-op/condo/hoas that have sizable assessments , no visible things to maintain , and then still need special assessments when something comes up. all those fees are extra bad in the era of low interest, where you can leverage that monthly payment into bigger and bigger mortgages to try to flip down the road then again it's probably worse to be in a 2 unit duplex like my friend was where their stairs needed replacement and he had to go ask the neighbors if they could split half the 10k bill. no idea what he would have done if they'd just said no
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Jun 18, 2021 16:45
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LINER CONGESTION SPREADS ACROSS THE PLANET, 304 SHIPS QUEUING FOR BERTH SPACE The ebb and flow of record global liner congestion is neatly encapsulated in two maps provided below from Seaexplorer, a container shipping platform created by logistics giant Kuehne+Nagel. As of 3.30 pm Singapore time today there were 304 ships idle in front of ports around the world waiting for berth space to open up. Seaexplorer data shows there are 101 ports reporting disruption such as congestion. Officials at the Kuehne+Nagel digital offshoot report the number of ships forming queues hit 350 in the middle of this week before falling back to 304, the same level as this time last week (see lower map). Red dots in the enlargeable maps represent clusters of ships while orange ones mark out ports that are congested or suffering from disrupted operations. The clear change over the past week is how the congestion, so visible in recent weeks in south China, a key export area hit by a Covid-19 outbreak, is now spreading to other important hubs. Singapore, for instance, has seen the number of boxships waiting for berth space increase by 37.5% over the past week, while intra-Asia hubs such as Laem Chabang are now reporting tailbacks and in the US, east coast ports are suffering all manner of disruptions. While last week, boxships queueing in Chinese waters made up more than 50% of the global total, this has dropped today to less than 40% indicating the growing global congestion contagion. Terminals are becoming global bottlenecks, be it at berths, yards or gating out cargo. Maersk, the world’s largest container line, in a post from earlier this week discussed the stretched nature of global supply chains, something it warned was now the new normal. “The trend is worrying, and unceasing congestion is becoming a global problem. Due to Covid-19 and a significant volume push since the end of last year, terminals are becoming global bottlenecks, be it at berths, yards or gating out cargo, and it’s continuing throughout the logistics chain – in the warehouses, the distribution centers – with numbers on the rise,” Maersk stated. Splash reported yesterday how the partial shutdown of Yantian Port following a Covid-19 outbreak late last month is now on track to affect twice as many containers as were impacted during March’s high-profile blockage of the Suez Canal. (Splash 24/7.com, 6/18/2021)
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Jun 18, 2021 16:58
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The skyrocketing price of shipping goods across the globe may hit your pocketbook sooner than you think - from that cup of coffee you get each morning to the toys you were thinking of buying your kids. Transporting a 40-foot steel container of cargo by sea from Shanghai to Rotterdam now costs a record $10,522, a whopping 547% higher than the seasonal average over the last five years, according to Drewry Shipping. With upwards of 80% of all goods trade transported by sea, freight-cost surges are threatening to boost the price of everything from toys, furniture and car parts to coffee, sugar and anchovies, compounding concerns in global markets already bracing for accelerating inflation. “In 40 years in toy retailing I have never known such challenging conditions from the point of view of pricing,” Gary Grant, the founder and executive chairman of the U.K. toy shop The Entertainer, said in a interview. He has had to stop importing giant teddy bears from China because their retail price would have had to double to add in higher freight costs. “Will this have an impact on retail prices? My answer has to be yes.” A confluence of factors - soaring demand, a shortage of containers, saturated ports and too few ships and dock workers - have contributed to the squeeze on transportation capacity on every freight path. Recent Covid outbreaks in Asian export hubs like China have made matters worse. The pain is most acutely felt on longer-distance routes, making shipping from Shanghai to Rotterdam 67% more expensive than to the U.S. West Coast, for instance. Often dismissed as having an insignificant impact on inflation because they were a tiny part of the overall expense, rising shipping costs are now forcing some economists to pay them a bit more attention. Although still seen as a relatively minor input, HSBC Holdings Plc estimates that a 205% increase in container shipping costs over the past year could raise euro-area producer prices by as much as 2%. Central bankers have so far been sanguine about the phenomenon, arguing that the rise in consumer prices tied to supply hiccups won’t last. European Central Bank President Christine Lagarde said on June 10 that while supply-chain bottlenecks would push up production prices and the headline inflation rate is expected to rise further in the second half of this year, the effect will fade. Several factors explain the relative lack of concern. Shipping costs only constitute a small fraction of the final price of a manufactured good, with economists at Goldman Sachs Group Inc. estimating in March - when China-Europe rates were about half of current levels - that internationally they made up less than 1%. To top that, companies have annual contracts with the container lines, so the prices they’ve locked in are considerably lower than the headline-grabbing spot rates. Although the latest round of contract negotiations in May reflected the stronger spot market, HSBC trade economist Shanella Rajanayagam said that “the longer-term rates are much much lower than the spot rates, even if they are feeding through.” With the end of lockdowns consumer demand is likely to shift to services from goods, but “the risk of course is that higher shipping costs persist - especially given ongoing shipping disruption - and that producers become more willing to pass these higher costs on to consumers,” Rajanayagam said. While many economists note that even a full pass-through of higher shipping fares to consumers will have a marginal effect on headline inflation, Volker Wieland, a professor of economics at the Goethe University in Frankfurt and a member of the German government’s council of economic advisers, warns that they might not be sufficiently factored in. “Even if the order of magnitude is smaller than estimated, the dynamic builds over a year and has significant effects,” he said. “That means there’s a danger we’re underestimating the impact.” (Bloomberg, 6/14/2021)
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Jun 18, 2021 17:00
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RETAILER HOME DEPOT CHARTERS BOXSHIP TO MAINTAIN SUPPLY CHAIN After months of reports of capacity and equipment shortages highlighting the challenges retailers are having getting merchandise to their stores, one of the largest big-box stores in North America, Home Depot, has taken the extraordinary step of chartering a containership to maintain its supply chain. It is the first time in the company’s 40-year history that it has gone to such extremes to fill its shelves. The home improvement’ retailer ranks as one of the largest importers. With nearly 2,300 stores in the U.S., Canada, and Mexico, Home Depot generated over $132 billion in revenues in 2020. The home improvement sector continues to be one of the hottest segments, with consumers deciding to make changes as they spent months at home during the pandemic. With sales rising over 30 percent in the first quarter of 2021, Home Depot has a voracious appetite for merchandise to keep its stores and warehouses full. Each store stocks approximately 35,000 products, the company reports, with a total of more than one million items listed in its online store. President and Chief Operating Officer Ted Decker told CNBC that the company has already taken usual steps to maintain its merchandise inventories and get products on the shelves during the disruptions to the global supply chain. He said Home Depot has purchased merchandise at higher costs in the open market beyond its contracted suppliers. The company has even resorted to flying smaller, higher value items, such as power tools and electrical components, by air freight to make up for shortfalls in supply. Describing the company’s latest efforts to maintain its supply lines, Decker told CNBC, “We have a ship that’s solely going to be ours, and it’s just going to go back and forth with 100 percent dedicated to Home Depot.” He did not identify the size of the boxship or which carrier they are chartering the vessel from, nor the length of the charter. He said it would start running next month, but did not specify which routes or ports. Last week, the National Retail Federation forecast that the U.S.’s major ports were on track for record volumes in 2021 driven in large part by retail merchandise imports. The NRF in its monthly Global Port Tracker projected that container volume would remain above 2020 levels at least until the fall but might see a slight decline in volumes versus 2020 before retailers begin stocking up for the holiday retailer season. (Maritime Executive, 6/15/2021)
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Jun 18, 2021 17:00
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Bar Ran Dun posted:LINER CONGESTION SPREADS ACROSS THE PLANET, 304 SHIPS QUEUING FOR BERTH SPACE the sovcits said we'd regret wasting all our berth certificates on our citizens instead of their intended purpose and they were right
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Jun 18, 2021 17:01
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silentsnack posted:nah. before you get foreclosed you invite over an entire homeless encampment to hang out, and then rent your house out for free to anyone that wants and give them all legitimate leases (for 500 years or whatev) so the bank has to deal with 50 separate evictions This happened in 2008 when the couple I was renting a room from got foreclosed on. They were like, well since we aren't paying a mortgage any longer you can stay rent free. I stayed for a few months until I found a place. 3 months later I went back to scavenge for furniture and the bank hadn't even changed the locks.
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Jun 18, 2021 17:02
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theres a guy in queens on a 20 year foreclosure evasion run that i was reading about in the paper recently ny post link
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Jun 18, 2021 17:05
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Mirthless posted:So... It's Millennial Miami? Miami is Millenial Miami because the city mayor is courting bitcoin bros and VC vultures as plan B for the Austin bound crowd. It sucks.
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Jun 18, 2021 17:10
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Real hurthling! posted:theres a guy in queens on a 20 year foreclosure evasion run that i was reading about in the paper recently incredible. what a legend
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Jun 18, 2021 17:14
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Epic High Five posted:Georgism was an interesting product of the time but it didn't employ the immortal science so it was doomed. Nowadays if someone is talking about it there's a 90% chance they're a history geek or 10% chance they're the fringe who want land reform and the destruction of the rent seeking class but also despise socialism there is zero reason that georgism cannot and most likely will be used in a transitional period between capitalism and socialism China is already in the process of experimenting with the Land Value Tax in various cities.
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Jun 18, 2021 17:28
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every non prc chinese polity except hong kong went in on lvt pretty hard in the 50s to 80s and then backed down because of neolibs singapore had really cheap housing prices for decades cuz 90% housing was nationalized. still is nationalized, just that they figured out a way to speculate again so prices went up prc itself is home to the biggest re fuckery in the middle income world because local govt had an orgy of land selling. so what they did was the opposite of what george recommended
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Jun 18, 2021 17:34
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dew worm posted:a lot of the sp500 funds have Tesla in their top holdings…seems less than ideal Musk was probably trying to become Too Big to Fail on purpose by getting listed there.
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Jun 18, 2021 17:34
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Real hurthling! posted:theres a guy in queens on a 20 year foreclosure evasion run that i was reading about in the paper recently big_bank_ghouls posted:Its really a group of people that are more than willing to use the courts and abuse the courts to whatever extent they need to extend their illegal occupancy, said attorney Jordan Katz, who reps current property owner Diamond Ridge Partners.  Why are they using the same tactics we use! It's not faiiiiirrr!!!
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Jun 18, 2021 17:35
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DoomTrainPhD posted:
Every free market advocate ever
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Jun 18, 2021 17:38
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Palladium posted:Every free market advocate ever New law: If you avoid eviction through the court system for more than 5 years, you get to own the house legally.
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Jun 18, 2021 17:38
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DoomTrainPhD posted:New law: If you kill the bank, you become the bank
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Jun 18, 2021 17:39
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Well that's just rude. Nobody deserves to be a bank.
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Jun 18, 2021 17:45
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Real hurthling! posted:theres a guy in queens on a 20 year foreclosure evasion run that i was reading about in the paper recently This dude loving rules, hope he makes it until his death and someone else takes up the reigns afterwards
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Jun 18, 2021 17:54
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Dare to struggle, Dare to win!
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Jun 18, 2021 17:55
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see, a good home in a major city only costs 1 mortgage payment of 1600 dollars + legal fees for your chain of declared bankruptcies and court filings. theres no crisis. millenials are just lazy
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Jun 18, 2021 17:58
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Real hurthling! posted:see, a good home in a major city only costs 1 mortgage payment of 1600 dollars + legal fees for your chain of declared bankruptcies and court filings. theres no crisis. millenials are just lazy So, basically the same way you get medical care: Become an expert on the legal and insurance system to beat them at their own game.
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Jun 18, 2021 18:01
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The worst part is a bunch of broke brained americans hate this guy for this when he's doing the exact same poo poo the capitalist class has done since the start of capitalism. Redirect your hatred assholes, this is the free market baby and if you want regulations to stop this, maybe do it on the real criminals here.
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Jun 18, 2021 18:10
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GoLambo posted:there is still a lot of residual family wealth out there, inheriting property is still a thing, and plenty of those americans still have relatively high wage jobs as a total percentage of the working population yeah. but they are an ever shrinking segment of the total population. Won't the boomers dying off be a massive wealth transfer event?
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Jun 18, 2021 18:16
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Maximo Roboto posted:Won't the boomers dying off be a massive wealth transfer event? They either don't have any wealth to transfer or were duped into giving it to the banks.
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Jun 18, 2021 18:18
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Maximo Roboto posted:Won't the boomers dying off be a massive wealth transfer event? To the people that own nursing homes and whoever admins their reverse mortgages, sure.
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Jun 18, 2021 18:18
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Maximo Roboto posted:Won't the boomers dying off be a massive wealth transfer event? Two words: Reverse Mortgage
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Jun 18, 2021 18:18
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Maximo Roboto posted:Won't the boomers dying off be a massive wealth transfer event? Most boomers aren't going to be transfering money anywhere but their retirement homes.
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Jun 18, 2021 18:18
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https://twitter.com/Newsquawk/status/1405868550418481155?s=19 I'm dying.
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Jun 18, 2021 18:18
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Doge at .28 and falling. gently caress you crypto investors! Lose it all!
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Jun 18, 2021 18:24
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StealthArcher posted:I cant wait until someone in this thread unironically says something along the lines of electric-jellyfish posted:My partner and I also live in Austin for now. I feel like I'm counting down the months until we can leave (about a year left to go), and wishing it was sooner so we could know where we were moving next before we get completely priced out of home ownership. Where are y'all going? Nashville? Atlanta? Louisville? Asheville? Tulsa? Shifty Pony posted:I saw someone say that Austin has marketed itself as a Cool City for decades and as a result has attracted a lot of people who are so desperate to be cool that they move to a place that markets itself as a Cool City. That's what happened to Portland, that's the fate of every city.
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Jun 18, 2021 18:29
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StealthArcher posted:I cant wait until someone in this thread unironically says something along the lines of Unrelated to this discussion, but in the spirit of this quote, I'm tempted to start a Georgist shtick off of the "Marxism is a conspiracy against Henry George, just like neoclassical economics" crankery https://twitter.com/julius_sky/status/1302841387826647043 bob dobbs is dead posted:every non prc chinese polity except hong kong went in on lvt pretty hard in the 50s to 80s and then backed down because of neolibs Sun Yat-Sen was really influenced by Henry George. Sadly the latter was xenophobic against Chinese immigrants. Really good essay that goes into it: https://medium.com/@theneogeoist/what-is-under-heaven-belongs-to-all-d09b1eb1877c Maximo Roboto has issued a correction as of 18:50 on Jun 18, 2021 |
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Jun 18, 2021 18:40
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Maximo Roboto posted:Won't the boomers dying off be a massive wealth transfer event? A massive wealth transfer to nursing home conglomerates.
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Jun 18, 2021 18:42
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I think it should be illegal to transfer wealth generationally.
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Jun 18, 2021 18:42
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bob dobbs is dead posted:singapore had really cheap housing prices for decades cuz 90% housing was nationalized. still is nationalized, just that they figured out a way to speculate again so prices went up It's called "loving boomers"
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Jun 18, 2021 18:43
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Edgar Allan Pwned posted:I think it should be illegal to wealth.
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Jun 18, 2021 18:48
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Maximo Roboto posted:Won't the boomers dying off be a massive wealth transfer event? Sure. After the feds sell 50% of their assets to recover the cost of their Medicare and the nursing homes take the other 50%.
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Jun 18, 2021 18:55
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