webcams for christ posted:

I'm still having a hard time understanding why Citi et al observing that there's money to be made as the wealth gap widens to extremes is being treated as a very special observation deserving of its own unique historical category of "Plutonomy" that's somehow different from the run-up to other major global crashes

Hubbert posted:

from the people who brought you COP CITY, it's time for the sequel:

SHOP CITY

quote:

Moreland & Custer’s scope calls for essentially a new small town. Some 674 housing units, 14 freestanding buildings, a network of connected greenspaces, a corner building for retail, and a creek-side park are all planned. Empire officials told Urbanize Atlanta in January that vertical construction is scheduled to start in late 2023.

Harik posted:

it's an interesting period because we managed to break the very idea of money. A billion dollars isn't 50 million $20 bills, it's a completely different currency from what the rest of us have.

Archduke Frantz Fanon posted:

at least it's replacing a dead strip mall that is 90% parking lot and not, like, an endangered frog sanctuary

kickass graffitti they are losing though

Rectal Death Adept posted:

Maybe this one will be different but just recently I saw signs and heard advertisements for a new "development" that adds "X amount new homes" in basically the middle of nowhere and it's a giant series of apartments clustered around a hipster village with fancy hot dog restaurant, fancy brewery, exclusive gym, parking garages, cinema and shopping center

600 square foot studios are $2,200 a month

Hubbert posted:

not enough surface parking

worst ever at ping-pong posted:

hungry for some bbbyq

Harik posted:

this is exceptionally stupid because the income gap between the haves and the have nots has never been remotely this high in all of history, but sure, it's just business as usual.

it's an interesting period because we managed to break the very idea of money. A billion dollars isn't 50 million $20 bills, it's a completely different currency from what the rest of us have.

JamesKPolk posted:

RealityWarCriminal posted:

we discovered an economics glitch that tech services could sell digital products without real world input materials and we've been addicted to infinite profit margins ever since

Archduke Frantz Fanon posted:

cool. all my sheets are kinda old so bring on the bbby liquidation.

i can use some more baking trays too. handy to have around for mise en place

Wraith of J.O.I. posted:

ok but just remember this is NOT contributing to inflation

https://twitter.com/thestalwart/status/1650836093430841344

comedyblissoption posted:

[editor's note: the digital products are made with the mass labor of non-employees]

shrike82 posted:

my colleague mentioned that his kid was accepted into uc irvine and lol when he said he's budgeting 90 grand a year for college expenses

shrike82 posted:

my colleague mentioned that his kid was accepted into uc irvine and lol when he said he's budgeting 90 grand a year for college expenses

SKULL.GIF posted:

One single year of $90,000 would've paid for my entire college education 6x over and I'm a 34-year-old millennial who went to the University of Wisconsin. This poo poo is ballooning out of control.

silicone thrills posted:

One of the oldest malls in the US - the northgate mall in north seattle - is being turned into a ton of apartments. Like full tear down of a good portion of it and rebuilt. There's still like a nordstrom there and some other stores and they actually put the new kraken practice arena there which is not too bad because there's already a ton of transit around there.

BULBASAUR posted:

In typical fashion the first thing they did was to create a smaller parking lot and then start charging people for parking. The layout is also somehow even less efficient. Pedestrian walkways that go nowhere, slow speed roadways that must go to the businesses, but cross cross and create traffic.

I don't mind rebuilding old malls, but as usual its done with American Characteristics. One step forward, two steps back

Lpzie posted:

tear down the cities and go back to farmlands. literally no other option for america at this point...

https://gothamist.com/news/half-of-nyc-households-cant-meet-their-basic-financial-needs-report-says posted:

Half of NYC households can’t meet their basic financial needs, report says
Half of New York City households don’t make enough money to meet their basic needs, up from 36% in 2021, according to a new report sponsored by the United Way of New York City and the Fund for the City of New York.

The new “true cost of living” accounting out Tuesday – including housing, childcare, food, healthcare, transportation, taxes, and other miscellaneous costs without public or private aid – shows costs have more than doubled across the city since 2000, far more than wages have risen.

The necessary hourly wage for a single adult is more than $20 across all boroughs, according to the researchers, ranging from a little over $22 in the Bronx to nearly $36 in downtown Manhattan, the report concluded.

For a family of four with two adults, a preschooler, and a school-age child, researchers found that expenses totaled more than $100,000 across the city. The figure was as high as $142,000 in Northwest Brooklyn and $152,000 in downtown Manhattan. Meanwhile, citywide, the median annual earnings for such a family was less than $50,000.

“It starts to really crystallize the gap between what folks are getting today versus what they're actually spending,” United Way President and CEO Grace Bonilla said.

The report, titled "Underlooked & Undercounted," provides a fresh glimpse into the economic state of New Yorkers across the income spectrum and the five boroughs in the aftermath of the COVID-19 pandemic, which continues to take a toll on employment in various sectors of the economy.

The city will soon release its own “true cost of living” measure, as authorized in a ballot initiative overwhelmingly approved by voters last fall. The goal is to capture a more complete universe of economic insecurity beyond the poverty line. Federal and local measures of poverty are widely criticized by researchers and economic justice advocates as too low and outdated, yet remain the standard measuring stick for public benefits.

Under the country’s Official Poverty Measure, only 16% of working-age households live below the poverty line. That threshold is based in part on a formula tied to what was a minimally adequate diet in the mid-20th century, adjusted for inflation and family size.

Meanwhile, the “true cost of living” as tallied in the report relies on more factors and varies based on family composition and location. The report also excludes elderly and disabled adults, who may have unique expenses not fully captured in the “true cost of living.”

The city’s new analogous metric could be used to negotiate wages, or to lobby for raising the income cutoff for government aid programs from food stamps to Medicaid, Bonilla said.

She attributes the stark rise in the cost of living since 2000 to the city’s aim to lure more out-of-town professionals, and the resulting transformation of the rental market to cater to them. Meanwhile, she said the city underinvested in boosting job growth for existing residents.
'Fabric of families'

With the onset of the pandemic, rampant death and the ruptured “fabric of families” only added to financial precarity, she said. A rollback of pandemic-era safety net policies, like a moratorium on evictions and the end of extra food subsidies, caused more harm.

“We've made policy decisions that actually have made things better for people, and now we're going backwards at the worst possible time,” she said.

According to the report, the share of struggling households was even higher for immigrants and people of color: 64% of non-citizen households; 65% of Latino households; 60% of Native American households; and 58% of Black households didn’t make enough money to cover their basic needs. That’s compared to less than half of U.S.-born households and less than one-third of White households.

The share of people making below the “true cost of living” was also significantly higher – nearly 20 percentage points – among families with children, and even higher for those with toddlers. The rates were highest for households led by single mothers: 4 in 5 didn’t make enough to cover costs, compared to 69% of single fathers, with even higher rates for Latino and Black mothers.

And having a working adult in a household was essential, but no guarantee, of making ends meet – especially when people of color are heads of the household. Eighty percent of households below the “true cost of living” line had at least one part-time working adult. And among households with at least one full-time working adult, 57% with a Latino worker struggled to meet their basic needs, compared with 24% of white households.

Popoto posted:

lol at the "poors" quarters top right, with a no doubt oily smelling creek to the right.

Joey Steel posted:

The CSU schools are ballpark 3k a semester it seems.

The pay sucks on the teaching end tho.

comedyblissoption posted:

remembering that short brief push of facebook crypto and wondering if trump singlehandedly stopped it

Wraith of J.O.I. posted:

ok but just remember this is NOT contributing to inflation

https://twitter.com/thestalwart/status/1650836093430841344

Ammanas posted:

americans dont need pepsi and are clearly ok to pay for it at a higher price. so who gives a poo poo. pepsi can charge whatever it wants for its caramel colored poison. staple items, particularly fresh fruits and vegetables are a bigger concern

Xaris posted:

americans are addicted to caramel colored sugar. they w ill die without it

personally, people should just addicted to black coffee instead, like me. a normal person.

Beeftweeter posted:

nah it wasn't trump really, nobody wanted it to happen. fellow goon divabot wrote a very good book about it https://davidgerard.co.uk/blockchain/libra/