(Thread IKs:
skooma512)
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the other way cities have to generate money is by having the police issue tickets
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May 4, 2023 19:58
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| # ? Jun 7, 2024 14:49 |
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webcams for christ posted:I mean even without covid, what made the volcker shock so effective is that it accompanied a transition from industrial capitalism to financial/service capitalism. industrial jobs were destroyed, the factories closed, and then production was moved abroad. inflation was offset by Unequal [international] Exchange Not only that, but during the volcker shock, the US labor participation rate was at all time highs, and from 1975-1990 was steadily increasing at its fastest rate ever. This was due to a combination of more women entering the workforce and boomers entering their prime working years. Even during the peak of the 1980-1982 recession, the labor participation rate just went from "ascendant" to "flat but higher than ever". In 2023, the labor participation rate has been steadily decreasing for 20+ years, just about as fast as it increased from 1975-1990, and then we got covid on top of that.
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May 4, 2023 19:58
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Does this explain Redfall
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May 4, 2023 19:59
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Pittsburgh Fentanyl Cloud posted:But it never sold for $300m. It was "valued" at $300m. Imagine people passing a pieces of paper back and forth, all agreeing the valuation of their pieces of paper are actually worth hundreds of millions and in fact keep getting even more valuable. They then get to write this value down and borrow a bunch of 0% interest loans based on the valuation of their pieces of paper. This is how real estate investment works because everyone involved has a vested interest in valuation being a line constantly going up only and it’s also why we have a housing crisis because if you rent and/or sell a place below the valuation then everything around it collapses and valuation must constantly increase or everything stalls and falls apart. This is also how a lot of our corporations function now because capitalism functions on infinite growth in a finite system, so at this point companies just outright lie to each other about how valuable they are and banks and other institutions have a vested interest in playing along because keeping the shell game going makes them money too. Yes, it’s stupid and yes it will inevitably unravel in a spectacular collapse but no one in power wants to change it because they don’t think they’ll be the ones holding the bag when everything explodes
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May 4, 2023 20:00
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Blarghalt posted:I'm a simple American. When I see a bank fail I just nod sagely and go "good."
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May 4, 2023 20:01
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Pittsburgh Fentanyl Cloud posted:all of these companies are leveraged to poo poo, rent can never go down because that affects building valuations and brings the entire house of cards down. The make-believe high valuations are only real as long as banks are willing to let you borrow against them (at rates you can manage), or as long as you are able to sell the property at the price you've valued it. Which in the current environment may as well be called "lol" and "lmao".
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May 4, 2023 20:04
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we dont need Writers, we have A.I.
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May 4, 2023 20:07
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Lpzie posted:we dont need Writers, we have too much content already
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May 4, 2023 20:11
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Lpzie posted:we dont need Writers, we have A.I. The venn diagram of the kind of people that pay for twitter and the people who think writers should be replaced by AI is a perfect circle. If studio execs were smart, they'd realize these people would clap like seals for literally any garbage an AI writer would put out, because they're barely sentient automatons who will pay you any amount of money to cater to them.
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May 4, 2023 20:16
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RealityWarCriminal posted:cities generally don't have strong taxation powers, but are feeling the inflation and interest rates crunch just like everyone. one of the few ways they have to increase funds is by increasing the valuations of properties in the city. Cities can usually leverage decent sales taxes, but yeah, by-and-large it isn't always sufficient to maintain operating budgets. A lot of cities have their utilities set up as executive enterprises that can self-fund and/or have high utility rates to subsidize city services, but obviously those high rates hit the poor the hardest :murica!: There's also always the municipal bond market for raising funds...
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May 4, 2023 20:17
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Blarghalt posted:If studio execs were smart, they'd realize these people would clap like seals for literally any garbage an AI writer would put out, because they're barely sentient automatons who will pay you any amount of money to cater to them. This is why I have said that Elon is smart, just not in the way he wants us to think he is. He's smart enough to know how loving stupid the average person is. He's also stupid, but he knows how to exploit that stupidity better than most.
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May 4, 2023 20:20
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RealityWarCriminal posted:cities generally don't have strong taxation powers, but are feeling the inflation and interest rates crunch just like everyone. one of the few ways they have to increase funds is by increasing the valuations of properties in the city. Dunno about other states, but in PA every local government can and does levy EIT (it's 3% here)
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May 4, 2023 20:28
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18 large eggs were $2.39 today. They also had dozens for $.49 but that was if you had a digital coupon. Also the amazon rewards credit card from chase now lets you use points as you earn them, instead of having to wait till the statement closing date.
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May 4, 2023 20:29
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Dr. VooDoo posted:Imagine people passing a pieces of paper back and forth, all agreeing the valuation of their pieces of paper are actually worth hundreds of millions and in fact keep getting even more valuable. They then get to write this value down and borrow a bunch of 0% interest loans based on the valuation of their pieces of paper. This is how real estate investment works because everyone involved has a vested interest in valuation being a line constantly going up only and it’s also why we have a housing crisis because if you rent and/or sell a place below the valuation then everything around it collapses and valuation must constantly increase or everything stalls and falls apart. This is also how a lot of our corporations function now because capitalism functions on infinite growth in a finite system, so at this point companies just outright lie to each other about how valuable they are and banks and other institutions have a vested interest in playing along because keeping the shell game going makes them money too. After reading this, I realize that NFTs and crypto are just showing how the current economy works but in a much more obvious way.
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May 4, 2023 20:35
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Lpzie posted:we dont need Writers, we have the SA forums
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May 4, 2023 20:35
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we're probably three years max out from someone using "AI" to make software for cops that gives them carte blanche to execute everyone they see because "the algorithm" said to shoot
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May 4, 2023 20:45
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Studio executives have probably been listening to AI-driven show pitches all week. They’re gonna use it as a selling point.
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May 4, 2023 20:45
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Lpzie posted:we dont need Writers, we have A.I. ChatGPT posted:Sorry, but as an AI language model, I cannot predict or anticipate any future events or situations like a writer's strike that might affect the quality of a movie's script. However, I can give you an example of a low-quality opening scene for a hypothetical Avengers movie.
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May 4, 2023 20:48
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mad.radhu posted:we're probably three years max out from someone using "AI" to make software for cops that gives them carte blanche to execute everyone they see because "the algorithm" said to shoot Wait they don't already have carte blanche to execute whoever they want? Like I guess the AI could make sure they're not wealthy or friends with anyone with connections.
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May 4, 2023 20:48
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ChatGPT4 make a Peanuts special along with the art. 
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May 4, 2023 20:50
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https://twitter.com/zerohedge/status/1654211053004234752
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May 4, 2023 20:50
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indistinguishable from existing MCU movies
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May 4, 2023 20:51
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Is this good?
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May 4, 2023 20:54
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skooma512 posted:ChatGPT4 make a that's awesome man, I had chatgpt4 make a reply to your post
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May 4, 2023 20:55
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Raccooon posted:Is this good? Lots of people are getting 4-5% interest 
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May 4, 2023 20:56
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Starting to feel like this might be the big one.
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May 4, 2023 20:58
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Raccooon posted:Starting to feel like this might be the big one.
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May 4, 2023 20:59
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Raccooon posted:Starting to feel like this might be the big one. Don't get my hopes up
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May 4, 2023 20:59
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mad.radhu posted:that's awesome man, I had chatgpt4 make a reply to your post ran out of tokens
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May 4, 2023 21:01
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You asked it to give you an AI-generated script, but all I see is a legit Avengers movie script? 
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May 4, 2023 21:02
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lmao
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May 4, 2023 21:03
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Pittsburgh Fentanyl Cloud posted:they're doing the Magic card thing but with this is most things now. they figured out they could do it with everything.
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May 4, 2023 21:04
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Raccooon posted:This just sounds like a delaying action of the inevitable. 
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May 4, 2023 21:06
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Raccooon posted:a delaying action of the inevitable. see, now that's a thread title
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May 4, 2023 21:07
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Raccooon posted:Starting to feel like this might be the big one. I admire your optimism
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May 4, 2023 21:13
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what the hell shopify is up 23% oh they laid off 20% of their people lmao of course
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May 4, 2023 21:20
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should have laid off 100% to go up 115%!
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May 4, 2023 21:27
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RealityWarCriminal posted:cities generally don't have strong taxation powers, but are feeling the inflation and interest rates crunch just like everyone. one of the few ways they have to increase funds is by increasing the valuations of properties in the city. increasing valuations don't increase property taxes in california so SF doesn't have that excuse
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May 4, 2023 21:30
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stock prices asymptotically approaching infinity as your payroll approaches 0
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May 4, 2023 21:31
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| # ? Jun 7, 2024 14:49 |
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Sundar Pichai is getting a raise after a $70 billion stock buyback announcement and layoffs My gut says all these new luxury cars rolling around are due to company bonuses for those directors and above who laid off people in their orgs.  Oh yeah and they cut snack to pinch a penny too
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May 4, 2023 21:33
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