Mr Hootington posted:

https://twitter.com/DeItaone/status/1419677366029328384?s=19

https://twitter.com/LizAnnSonders/status/1419678963895607308?s=19



I love deteriorating economic conditions.

Armadillo Tank posted:

https://twitter.com/zerohedge/status/1419644787850977281

Thom12255 posted:

Lot of people selling if they can. My Mother in Law rents a house that is on someone's farm house property and she got told a few days ago that those people are selling the place and she has a month to move out.

Randabis posted:

You mean this forum and community. Some of us goons are really old and have been reading multiple generations of these kind of threads for over 15 years or more.

rex rabidorum vires posted:

It isn't the 'unprofitability' part it's turn times and utilization that has been absolutely dumpstered. Container gets filled in China and gets on the vessel (assuming you can find space) you're only a quarter of the way through the problem. Vessel makes it to the west coast and then has to sit for..............? to get unloaded. So now multiple day/weeks later the box is unloaded, but sits on terminal 'cause no one has chassis to move it OR like currently Uncle Pete ain't moving it inland. So another week later and finally your box might be at it's final destination. Now the empty needs to make its way back which is also an absolute disaster currently and that then creates the big issue at the start of this whole circle and that's having a can to load up (with name anything) to then repeat the process.

i am harry posted:

can’t believe sa forums has been the only true constant for the last two decades

Relevant Tangent posted:

This is probably not actually legal fwiw

Nonsense posted:

It’s about time the economy explode under a mush brain Democrat like Biden

Deep Dish Fuckfest posted:

the fed should get a second, bigger printer

could be hard to carry all the way to their building though

silicone thrills posted:

So you're saying I should put my barely used trek up for sale because I am too loving chicken to ride down steep hills and will apparently never get over that.

Blinkz posted:

I just magically won a bidding war on a house that was listed for 445k and we offered 420k. A month ago a coworker bought a similar house for 30k over asking. I have a sinking feeling I still overpaid....

Pepe Silvia Browne posted:

a 3d printer that prints money printers

Centrist Committee posted:

I spent the LF years reading D&D, owned myself pretty good on that one

Shifty Pony posted:

rodents love to eat Ford wiring harnesses. it is weird.

rex rabidorum vires posted:

It isn't the 'unprofitability' part it's turn times and utilization that has been absolutely dumpstered. Container gets filled in China and gets on the vessel (assuming you can find space) you're only a quarter of the way through the problem. Vessel makes it to the west coast and then has to sit for..............? to get unloaded. So now multiple day/weeks later the box is unloaded, but sits on terminal 'cause no one has chassis to move it OR like currently Uncle Pete ain't moving it inland. So another week later and finally your box might be at it's final destination. Now the empty needs to make its way back which is also an absolute disaster currently and that then creates the big issue at the start of this whole circle and that's having a can to load up (with name anything) to then repeat the process.

Centrist Committee posted:

I spent the LF years reading D&D, owned myself pretty good on that one

KirbyKhan posted:

Fuckin same! Feels so lame.

quote:

American Airlines on Monday warned pilots about fuel delivery delays at certain midsize airports and asked them to save fuel when possible.
The carrier said airlines, including American, have experienced the supply shortages due to a lack of truck drivers, trucks and fuel supply.
"American Airlines station jet fuel delivery delays initially affected mostly western U.S. cities, but are now being reported at American stations across the country. Delivery delays are expected to continue through mid-August," according to a company memo, which was reviewed by CNBC.
The airline said flights will carry additional fuel into airports affected by shortages, a procedure known as tankering.
"As our country continues to face multiple challenges, let's work together as a team to operate reliably, safely and as efficiently as possible," the memo said.
American didn't immediately comment.

Mr Hootington posted:

Remember during covid 2020 when the airlines were just flying empty planes for months?

gradenko_2000 posted:

Mr Hootington posted:

American Airlines warns about fuel shortages around the country, asks pilots to conserve

Justin Tyme posted:

There's no inflation because if there was then wages would also be increasing - jay

Mr Hootington posted:

American Airlines warns about fuel shortages around the country, asks pilots to conserve

Mr Hootington posted:

Remember during covid 2020 when the airlines were just flying empty planes for months?

quote:

In 2000, the state began a courtship with IBM that would end up costing it hundreds of millions of dollars. In the 1980s and early 1990s, IBM had been one of the largest private employers in the Hudson Valley and played a central role in the economy. But in 1993, the company began to undertake historic layoffs in response to financial troubles, beginning in upstate New York and including 4,000 layoffs at a chip manufacturing plant in East Fishkill.

In an attempt to revive IBM’s role in the local economy, New York economic development authorities awarded the company $659 million in subsidies to build a new facility in East Fishkill and create 1,000 jobs. But in order to keep the jobs, the state had to continue subsidizing the facility. In addition to some smaller property tax abatements, in 2008 the state awarded IBM $140 million to create 1,000 jobs at its manufacturing plant in East Fishkill. When the financial crisis hit, New York paid the company an additional $45 million to avoid layoffs — but the firm laid off 900 workers anyway.

During the same decade, the state was making deals with GlobalFoundries. In 2006, New York state awarded GlobalFoundries one of the most generous local incentive deals in United States history — ultimately totaling $1.4 billion, including a $665 million cash grant — to build a facility in Malta and create 1,465 promised jobs, at a cost of $1 million per job. GlobalFoundries didn’t begin construction on the project until 2009. In the first decade of operation, the company created about double that number of jobs, while bringing in an additional $967 million in subsidies. But in 2018, GlobalFoundries laid off 424 employees in Malta as part of a worldwide restructuring.

GlobalFoundries bought the East Fishkill plant from IBM in 2014, and within a few years began shedding jobs. In 2017, GlobalFoundries began cutting East Fishkill’s workforce through voluntary buyouts, followed by layoffs in 2018. Finally, in 2019, GlobalFoundries sold the plant to a different chip company, which would receive up to $40 million in state subsidies if it retained nearly 1,000 jobs and invested in the facility over the next decade.

Soon, that plant shuttered too, and earlier this year the site was approved to become an Amazon warehouse. Amazon received over $14 million in property tax abatements to create at least 500 full-time jobs, and more part-time jobs.

...

“Ultimately the failure of the approach of the US government to date has been that it’s almost been strictly supply side driven,” said Hassan Khan, a tech procurement expert.

The supply side approach often works only as a short term measure, Khan argued. “With supply-side approaches… you might just pump a ton of money into building a factory, and it operates for a few years,” he said. “But if they can’t ever become economically competitive without tax breaks, either the tax breaks or subsidies continue indefinitely, or they close up shop and leave.”

...

Progressives say the solution is for the government to ramp up its own purchases of semiconductors, giving manufacturers certainty that there will be a market for their product. Earlier this year, the progressive think tank Data for Progress issued a policy brief laying out options for public sector semiconductor procurement, including public broadband and administrative agency information system upgrades.

Fleetwood posted:

https://www.dailyposter.com/microchip-mania/

Paradoxish posted:

Right. This nails it better than almost every other post I've seen on this topic.

It's incredibly important to understand that advice like "you need to work harder" implies that people who aren't doing well aren't working hard enough. There's no way around that no matter how much you try. I think there's a really strong and sometimes well-meaning impulse to give people advice so that they don't feel that their life is entirely out of their control, but there are better ways to approach it.

The reality is that most of what you can control is like buying a raffle ticket. The bulk of your tickets will come from things entirely out of your control, and a few come from things you have some measure of control over, but it's all random chance. You can try to stack the odds in your favor by doing all the right things, but lucking into a stable and financially secure life is never guaranteed and the number of tickets you need to have a real shot is constantly increasing.

Like never forget that tons of people try really loving hard and never get anywhere and you are implicitly making GBS threads on those people every time you insist that you can bootstrap your way to success.

Randabis posted:

There was over a 300k in my dad's estate when he died in 2015 and I didn't even get a photograph. My family stole everything from me and wouldn't even let me go to the service after his funeral. They also didn't let me talk at his funeral even though I attended.

I've kept quiet about a lot of it it for years but I know the actual truth as to what happened.

I was his only blood son and rightful heir to his poo poo but since he was killed and they covered up what happened the stepmom and his other family got everything.

rex rabidorum vires posted:

It isn't the 'unprofitability' part it's turn times and utilization that has been absolutely dumpstered. Container gets filled in China and gets on the vessel (assuming you can find space) you're only a quarter of the way through the problem. Vessel makes it to the west coast and then has to sit for..............? to get unloaded. So now multiple day/weeks later the box is unloaded, but sits on terminal 'cause no one has chassis to move it OR like currently Uncle Pete ain't moving it inland. So another week later and finally your box might be at it's final destination. Now the empty needs to make its way back which is also an absolute disaster currently and that then creates the big issue at the start of this whole circle and that's having a can to load up (with name anything) to then repeat the process.

BigPaddy posted:

I do pretty well and there was a lot of luck involved many times when I made choices that could have blown up in my face easily. Equally I have been in situations that went bad and I had to take a hit. The idea that you are fully in control of your life and can know of a choice is the right one in advance is very childish.