4 ms·

But hey, it could be even worse. https://www.youtube.com/watch?v=HG6KA6V4T7w https://www.youtube.com/watch?v=HG6KA6V4T7w

AshamedCaptain 3y ago
A 6 minute video weighting at about 150MiB for "explaining" what can be summarized in a couple sentences of text is another particular version of hell.
- djbusby 3y ago
  Why didn't you explain it? Is this more hell?
  - lionkor 3y ago
    Why didnt you? Now I have to go watch the video on expensive data, darn it
    - djbusby 3y ago
      I didn't watch the video then but I will for you. It's about the Chicago Parking deal in 2008 with some machines for parking. Daley gave control of parking meters to a private company until 2083. Sold out his citizens. For a super discount. And now, in a shocking twist, the private company is squeezing the citizens and government. It's a pretty good watch.
      - lionkor 3y ago
        Oh, wow, thank you! Appreciate that a lot
      - tptacek 3y ago
        I'm not going to stick up for the deal itself, but parking in Chicago got better after that deal, and downtown parking in Chicago is cheaper by far than NYC, and than Boston. It's about as expensive as Seattle is. Downtown parking shouldn't be cheap!
- t0mas88 3y ago
  I close the YouTube app anytime it makes me watch more than a 5 seconds skippable ad. This was one of those times so I have no idea what was in the video :-) In other words: Fuck Google and their ad bullshit.
  - TheRealPomax 3y ago
    Raising the question: why do you have the Youtube app installed at all? Modern phones can play Youtube in the browser just fine, and browsers like Vivaldi come with adblock built in.
    - t0mas88 3y ago
      The Microsoft Edge Adblocker on iPhone doesn't work on YouTube ads. On desktop using uBlock Origin works great.
- seabass-labrax 3y ago
  Half as Interesting could alternatively be titled Double as Long. Most of the extra length is taken up with in-jokes and the obligatory streaming service advertisement, but you could try the browser plugin 'SponsorBlock' to cut the length back down.
- TheRealPomax 3y ago
  No, that's just every single youtube ever made. It's what x2 playback exist for.
  - AshamedCaptain 3y ago
    You still have to download all of 150MiB for absolutely nothing.
    - TheRealPomax 3y ago
      I have questions about where you live if 150 MB of data is an even remotely significant amount of data... Are you on a cellphone in rural Canada or something?
deleted 3y ago
[deleted]
p1mrx 3y ago
youtubetranscript.com + ChatGPT summary: Street parking, a universal hassle, is especially problematic in Chicago due to the infamous Chicago parking meter deal. This deal permitted a private company to take control and revenue from all 36,000 of the city's parking meters. In return, the city received a lump sum of $1.16 billion. However, this arrangement has led to numerous financial and political challenges that won't conclude until 2083. The root of this decision can be traced back to the 2008 financial crisis when Chicago was grappling with a significant budget deficit. Mayor Richard M. Daley, in an attempt to address this, chose to privatize the parking meters without adequate analysis. Surprisingly, the city's aldermen approved this deal by a vote of 40 to 5, despite having limited time to review the terms. These aldermen have since faced criticism for their apparent lack of due diligence. The beneficiaries of this deal, Chicago Parking Meters LLC (a consortium formed by Morgan Stanley, Allianz Capital partners, and The Sovereign wealth fund of Abu Dhabi) saw immense profits. This was largely due to stipulations in the agreement that increased parking rates, ensuring a steady rise in revenue. Furthermore, the city now finds itself in a position where it has to pay penalties whenever it undertakes any actions that could potentially dip into the company's profits. This has amounted to Chicago paying the company over $75 million since the deal's inception. Additionally, this arrangement severely restricts the city's urban development endeavors. For instance, adding bike lanes or implementing other urban reforms now comes with the caveat of compensating the company for any possible lost revenues. An attempt to challenge this by claiming the company held an illegal monopoly was dismissed in court twice. The courts deemed that while the deal might not have been the wisest choice, it wasn't illegal. So, due to the financial pressures of the crisis, Chicago ended up making a deal that has permitted financial institutions to reap substantial profits from city property for an extended period.
- seabass-labrax 3y ago
  This is where the sovereignty of the people is so important. A country (or in this case, a city) should not be able to enter into a deal which it is unable to back out from. To actually prematurely terminate a public-private contract would be of course very damaging to the reputation of the city/state/country's reputation, and thus would increase the remuneration private companies expect from running public services due to the additional risk, but would be beneficial to each citizen in the long-term if done with caution.

AshamedCaptain 3y ago

A 6 minute video weighting at about 150MiB for "explaining" what can be summarized in a couple sentences of text is another particular version of hell.

djbusby 3y ago
Why didn't you explain it? Is this more hell?
- lionkor 3y ago
  Why didnt you? Now I have to go watch the video on expensive data, darn it
  - djbusby 3y ago
    I didn't watch the video then but I will for you. It's about the Chicago Parking deal in 2008 with some machines for parking. Daley gave control of parking meters to a private company until 2083. Sold out his citizens. For a super discount. And now, in a shocking twist, the private company is squeezing the citizens and government. It's a pretty good watch.
    - lionkor 3y ago
      Oh, wow, thank you! Appreciate that a lot
    - tptacek 3y ago
      I'm not going to stick up for the deal itself, but parking in Chicago got better after that deal, and downtown parking in Chicago is cheaper by far than NYC, and than Boston. It's about as expensive as Seattle is. Downtown parking shouldn't be cheap!
t0mas88 3y ago
I close the YouTube app anytime it makes me watch more than a 5 seconds skippable ad. This was one of those times so I have no idea what was in the video :-) In other words: Fuck Google and their ad bullshit.
- TheRealPomax 3y ago
  Raising the question: why do you have the Youtube app installed at all? Modern phones can play Youtube in the browser just fine, and browsers like Vivaldi come with adblock built in.
  - t0mas88 3y ago
    The Microsoft Edge Adblocker on iPhone doesn't work on YouTube ads. On desktop using uBlock Origin works great.
seabass-labrax 3y ago
Half as Interesting could alternatively be titled Double as Long. Most of the extra length is taken up with in-jokes and the obligatory streaming service advertisement, but you could try the browser plugin 'SponsorBlock' to cut the length back down.
TheRealPomax 3y ago
No, that's just every single youtube ever made. It's what x2 playback exist for.
- AshamedCaptain 3y ago
  You still have to download all of 150MiB for absolutely nothing.
  - TheRealPomax 3y ago
    I have questions about where you live if 150 MB of data is an even remotely significant amount of data... Are you on a cellphone in rural Canada or something?

deleted 3y ago

[deleted]

p1mrx 3y ago

youtubetranscript.com + ChatGPT summary: Street parking, a universal hassle, is especially problematic in Chicago due to the infamous Chicago parking meter deal. This deal permitted a private company to take control and revenue from all 36,000 of the city's parking meters. In return, the city received a lump sum of $1.16 billion. However, this arrangement has led to numerous financial and political challenges that won't conclude until 2083. The root of this decision can be traced back to the 2008 financial crisis when Chicago was grappling with a significant budget deficit. Mayor Richard M. Daley, in an attempt to address this, chose to privatize the parking meters without adequate analysis. Surprisingly, the city's aldermen approved this deal by a vote of 40 to 5, despite having limited time to review the terms. These aldermen have since faced criticism for their apparent lack of due diligence. The beneficiaries of this deal, Chicago Parking Meters LLC (a consortium formed by Morgan Stanley, Allianz Capital partners, and The Sovereign wealth fund of Abu Dhabi) saw immense profits. This was largely due to stipulations in the agreement that increased parking rates, ensuring a steady rise in revenue. Furthermore, the city now finds itself in a position where it has to pay penalties whenever it undertakes any actions that could potentially dip into the company's profits. This has amounted to Chicago paying the company over $75 million since the deal's inception. Additionally, this arrangement severely restricts the city's urban development endeavors. For instance, adding bike lanes or implementing other urban reforms now comes with the caveat of compensating the company for any possible lost revenues. An attempt to challenge this by claiming the company held an illegal monopoly was dismissed in court twice. The courts deemed that while the deal might not have been the wisest choice, it wasn't illegal. So, due to the financial pressures of the crisis, Chicago ended up making a deal that has permitted financial institutions to reap substantial profits from city property for an extended period.

seabass-labrax 3y ago
This is where the sovereignty of the people is so important. A country (or in this case, a city) should not be able to enter into a deal which it is unable to back out from. To actually prematurely terminate a public-private contract would be of course very damaging to the reputation of the city/state/country's reputation, and thus would increase the remuneration private companies expect from running public services due to the additional risk, but would be beneficial to each citizen in the long-term if done with caution.