Jel Shaker posted:

the oral b io electric toothbrush is such a game changer that i’m saving money on dental hygienists even though it costs an arm and a leg to buy

err posted:

Lol Biden is spending $20 billion to replace working cranes in ports because they were made in China.

https://www.msn.com/en-us/money/markets/us-to-invest-billions-to-replace-china-made-cranes-at-nation-s-ports/ar-BB1iDwwX

Jel Shaker posted:

the oral b io electric toothbrush is such a game changer that i’m saving money on dental hygienists even though it costs an arm and a leg to buy

oralb.com posted:

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Oral-B iO Series 10 Rechargeable Electric Toothbrush with iO Sense, Cosmic Black

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mawarannahr posted:

you are going to die because of your toothbrush ai
Oral-B iO Series 10 with iO Sense

Eric Cantonese posted:

I don't think there needs to be a big "hidden" problem in addition to CRE. If we have a ton of banks whose loan revenues are tied up to CRE and CRE goes completely to hell, banks are going to have to cut losses in a way that may affect how much they can back up account holders' account balances based on revenue alone. These banks all have a lot of legacy bonds with low interest rates on their books that are going to have to get sold for a discount, which compounds the problem. It's potentially a more widespread version of what affected Silicon Valley Bank.

CRE is an especially concerning issue with smaller/regional banks that can't eat losses as well and that are also often offering better interest rates/lower fees to customers to get and keep account clients.

https://www.businessinsider.com/commercial-real-estate-delinquent-loans-bank-reserves-office-values-economy-2024-2

It could get scary.

With respect to housing prices, higher rates have perversely led to less supply. It's more expensive for real estate developers to get the financing they need to build (and God forbid they use their own money). Less attractive mortgage rates for buyers also means less demand for new construction, which leads housing builders to slow down. Low inventory gives less downward price pressure on existing properties. It's a screwed up demand/supply dynamic that doesn't fit any economic model that politicians want to acknowledge.

In a screwed up way, lowering rates might help decrease housing costs.

mawarannahr posted:

new magic wand caters to some interesting folks

Mr Hootington posted:

They frequently talk about bank issues and CRE as 2 separate issues. There are 2 different problems.

quote:

With AppleCare, the deductible fee for a cover glass repair costs $300. Without AppleCare coverage, the same repair costs $800. Some of the owners affected say they have contacted Apple Support and have been asked to pay the repair costs, since the crack has not officially been identified as a manufacturing defect.

Apple typically introduces special repair programs for products that have a recognized hardware issue, but Apple is unlikely to undertake an internal manufacturing probe unless reports of identical defects become more widespread. Anyone with the same issue is advised to contact Apple Support and escalate their case to increase the likelihood that Apple sees a potential problem requiring a formal investigation.

err posted:

Lol Biden is spending $20 billion to replace working cranes in ports because they were made in China.

https://www.msn.com/en-us/money/markets/us-to-invest-billions-to-replace-china-made-cranes-at-nation-s-ports/ar-BB1iDwwX

Retromancer posted:

This is identical to the menu I present to all my potential sexual partners.

I'm a virgin.

Salt Fish posted:

Physical menu, or one of those making GBS threads plastic placards with a QR code?

nypost.com - Tue, 20 Dec 2022 posted:

Amsterdam’s world-famous red-light district could look very different going forward as the Dutch city prepares to vote on an ordinance that would permanently close brothel window curtains in order to more adequately abide by the #MeToo movement and combat nuisance tourism.

The red drapes that line brothel windows in the renowned DeWallen district of Amsterdam are currently only closed when a client is being entertained or if a sex worker is absent. This would change if the municipal council votes to keep them permanently shut this week, The Telegraph reported.

The plan, proposed by the liberal D66 party, would mean the brothel curtains stay shut, and instead of sex workers being able to entice potential customers from the window, clients would book appointments using a QR code on their smartphones.

Some sex workers have voiced opposition to the plan, arguing it will hurt their business and make them less safe by preventing them from assessing potential dangers a client might pose.

“How can I attract clients with the curtains closed?” a sex worker named “Lucy” told The Telegraph. “They say it is for my protection, but that is nonsense. If someone denigrates me, I denigrate them back. It isn’t an automatic service I negotiate. If drunk people come, I don’t let them in.”

Politicians in favor of new process argue that online bookings replacing window negotiation will clean up nuisance tourism and change the perception people have of the city.

“The red-light district is not a lawless place,” Ilana Rooderkerk, head of the local branch of the D66, said about the plan. “Sex work has become a tourist attraction, accompanied by very undesirable, degrading behavior towards sex workers. This does not contribute to improving the position of women in the MeToo era.”

In addition to addressing the curtains in the red-light district, the measure will make other changes to crack down on nuisance tourism, including banning marijuana smoking in public areas, closing bars at 2 a.m. instead of 4 a.m., and closing window brothels at 3 a.m. instead of 6 a.m.

“We need to get rid of this image of Amsterdam as a city where you go to do all the things that aren’t allowed at home, such as drugs and prostitution,” Christian Democratic Appeal councillor Diederik Boomsma said.

“We need to overcome this jaded, faux-progressive understanding of freedom as liberation from all taboos and letting yourself go and return to a more mature understanding of freedom, as self-government.”

The overall push by lawmakers to clean up the red-light district has been dubbed the “stay away” campaign as it looks to discourage tourists from coming to the area with the intention of engaging in lawlessness.

“Some businesses misuse Amsterdam’s image to sell it as a place of ‘unlimited possibilities,'” Deputy Mayor Sofyan Mbarki said in a statement. “As a result, some groups of visitors think of it as a city where anything goes. This kind of tourism, as well as offerings specifically targeting these groups, is not considered desirable by the Municipal Executive.”

Eric Cantonese posted:

Like, the fact that banks aren't the only lenders to CRE? Or the fact that the economic life of a lot of cities are dependent on people being in offices? I'm curious about your thoughts on that.

Vox Nihili posted:

Wouldn't the other issue be all their garbage low interest bonds that theyre all taking huge losses on

Salt Fish posted:

Physical menu, or one of those making GBS threads plastic placards with a QR code?

mawarannahr posted:

nuisance tourism

Retromancer posted:

Amsterdam gonna start a Hawaii style "stay home" campaign.

Mr Hootington posted:

Yeah this is what I was thinking. The poo poo that is blowing up regionals.

quote:

“We need to get rid of this image of Amsterdam as a city where you go to do all the things that aren’t allowed at home, such as drugs and prostitution,” Christian Democratic Appeal councillor Diederik Boomsma said.

“We need to overcome this jaded, faux-progressive understanding of freedom as liberation from all taboos and letting yourself go and return to a more mature understanding of freedom, as self-government.”

The overall push by lawmakers to clean up the red-light district has been dubbed the “stay away” campaign as it looks to discourage tourists from coming to the area with the intention of engaging in lawlessness.

“Some businesses misuse Amsterdam’s image to sell it as a place of ‘unlimited possibilities,'” Deputy Mayor Sofyan Mbarki said in a statement. “As a result, some groups of visitors think of it as a city where anything goes. This kind of tourism, as well as offerings specifically targeting these groups, is not considered desirable by the Municipal Executive.”

Eric Cantonese posted:

I get that it's a pain in the rear end to deal with a bunch of party animals who don't comply with laws, but this reminds me of the short-lived efforts during the 90s and 00s to make Las Vegas "family friendly." Once the GFC hit and tourism took a nosedive, they went to the "What Happens In Vegas Stays in Vegas" slogan.

Mr Hootington posted:

June or later for rate cuts unless something breaks.
https://twitter.com/FirstSquawk/status/1761081091669246173?t=TS1uDd6Zmwk-Fj4ES9QuSg&s=19

NO OFF RAMP
https://twitter.com/timseymour/status/1761079416732504304?t=7KzaIELfgfeS25ha5G0cqg&s=19

Mr Hootington posted:

June or later for rate cuts unless something breaks.
https://twitter.com/FirstSquawk/status/1761081091669246173?t=TS1uDd6Zmwk-Fj4ES9QuSg&s=19

NO OFF RAMP
https://twitter.com/timseymour/status/1761079416732504304?t=7KzaIELfgfeS25ha5G0cqg&s=19

Skaffen-Amtiskaw posted:

Hoot, what is the likelihood of a rate cut happening and what is the fallout of heading back to ZIRP when we know that is a losing proposition?

I know keeping them high is going to gut a lot of business like a fish eventually, along with anyone with a mortgage or other debt. Curious what going back to GFC conditions does for us.

Skaffen-Amtiskaw posted:

When do I get tendies, tho?

mawarannahr posted:

Mr Hootington posted:

Rate cut is happening sometime this year. Fed has said so.

Zirp never stopped

skooma512 posted:

is it working ? no

are we gonna keep doing it? yes!

anime was right posted:

theyre gonna cut rates like 3 months before the election so the economy goes up up up