jazzyk

10 ms·

61.
by jazzyk 6y ago
Whether it is the Sirs/Ladies, or the Elkanns or the Rothschilds, they are interested in continuing the current status quo, enriching the 1% that they belong to, at the cost of everyone else. The Economist used to be pro-small-business
62.
by jazzyk 6y ago
You make sense, unfortunately our "market" economy does not. Many of today's incumbents WILL exist in two years' time, because they are the recipients of "helicopter money" to prop them up, even if they deserve
63.
by jazzyk 6y ago
I wholeheartedly agree with you, but the fault lies with the Federal Reserve, which has been promoting reckless behavior for years now. Artificially setting interest rates so low (say 1%) that by saving money, you are actually losing money
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by jazzyk 6y ago
Please read carefully. The Agnelli family owns 43.4%, members of the Rothschild family own 21%, other big corporate/rich families interests own the rest. Lots of "Sirs", "Ladies" and "Baronesses" on the bo
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by jazzyk 6y ago
No, it is just helicopter money distributed (to some) by the Federal Reserve. "Whatever it takes" to backstop the stock market is apparently working.
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by jazzyk 6y ago
Very well written indeed, unfortunately owned by globalists since 2015 (check out the ownership change, if you are interested [1]) I had been an avid reader for 30 years, cancelled my subscription around 2015-2016, and I was not even aware
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by jazzyk 6y ago
One book NOT to read: "The Ant and the Grasshopper" by Aesop. He got it completely wrong - for quite some time, Grasshoppers have been routinely bailed out with money stolen from the Ants (through interest rates way below inflatio
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by jazzyk 6y ago
Do you really believe that Bezos and the top 1% will pay the bill? The rich have an army of accountants to find a way to not pay. No, it is always the middle class (Upper- and middle-) that ends up paying the bill. Mostly through decrea
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by jazzyk 7y ago
Yes, but the Saudis reportedly need to charge ~$80/barrel to balance their budget - and oil is their only source of income. I am really not sure what game the Saudis are playing.
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by jazzyk 7y ago
That's because they would never be able to afford basic things like: - college education ($30K-$75K/year, preceded by purchasing a shack for $800K in a good-school town) - health care ($25K/year for a high-deductible family p
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by jazzyk 7y ago
This. Yet, all my highly educated friends think Federal Reserve has been doing a great job at "stabilizing the economy". Ignorance is strength, after all.
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by jazzyk 7y ago
Real-estate is assets, of course. But I think the inflation in health-care/education is caused by lack of competition. As in - you can choose to not buy a new coat this winter, but you HAVE to buy health insurance. You HAVE to buy coll
73.
by jazzyk 7y ago
Yes, but it all started in 2008 (to me, the starting point was really the 1998 government bailout of a private business - a hedge fund LTCM [1]). It was all downhill from there. Still, not "since forever", only since 1998, or so.
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by jazzyk 7y ago
>Record low unemployment The actual, real rate of unemployment is called "Civilian Labor Force Participation Rate" and covers all adults (16 or older) who are not working. As you can see from the diagram on the BLS website, the
75.
by jazzyk 7y ago
Add ~$15K for room and board, though.
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by jazzyk 7y ago
>You can turn off Windows telemetry. See, turning off telemetry (if it is even possible to turn it off fully) was implemented to be complex on purpose , so that most people can't do it and won't do it. But Microsoft can st
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by jazzyk 7y ago
About 1 in 1500 to 1 in 2000 births [0.07–0.05%]. https://en.wikipedia.org/wiki/Intersex
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by jazzyk 7y ago
But in the supposedly socialist Europe, even lower income people pay SOME amount in taxes. For example, in Spain, you pay 19% on the first 12,450E, and the rate quickly goes up to 45% for anything over 60,000E (average income is ~30K) There
79.
by jazzyk 7y ago
I agree with you on the democracy point, however: Only 56% of all billionaires are self-made. Others inherited their money (the Walton family, the Rockefellers, eetc.) https://www.cnbc.com/2019/05/10/wealthx-b
80.
by jazzyk 7y ago
MBA in itself is not a problem, but it should be required that MBA applicants have a 4-year degree NOT in business (preferably STEM). Most CEOs and high-level executives in Japan and Germany (and many other countries) typically have: - an e
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by jazzyk 7y ago
Yes, but this is at a time when the overall market is close to an all-time high. What happens when the inevitable correction comes? The Fed will run out of monetary tricks, eventually.
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by jazzyk 7y ago
1. Women-only workout areas in gyms - quite common, never seen one for men 2. All-female colleges (many), there is perhaps one or two all-male, if they even still exist
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by jazzyk 7y ago
>As of 2015, 70% of Americans viewed big government as the "biggest threat" versus just 25% listing big businesses. Wherever the government tries to "regulate" - unprecedented wealth transfer from ordinary people to s
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by jazzyk 7y ago
>David Cameron made one of the biggest political errors in modern history here. By asking people to have a voice instead of deciding for them?? Direct democracy can work very well - just look at Switzerland, which is the envy of the worl
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by jazzyk 7y ago
The poster above is talking about the people who had invested in the company so far: The We Company has raised a total of $12.8B in funding over 14 rounds. Their latest funding was raised on Jan 9, 2019 from a Secondary Market round. https
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by jazzyk 7y ago
>Nature has no morality But perhaps it does? Animals kill other animals only to survive (to kill them in order to eat them or to defend themselves from being killed/eaten) Humans may be the only species who hurt other humans just fo
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by jazzyk 7y ago
https://www.bankrate.com/ Make sure you go past the "featured" ones :-)
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by jazzyk 7y ago
Nope - the statistics only covers working age (18-67)
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by jazzyk 7y ago
The only statistics which needs to be looked at is here: Bureau of Labor Statistics: Civilian labor force participation rate https://data.bls.gov/timeseries/LNS11300000 Let the data speak for itself.
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by jazzyk 7y ago
I know at least a few upper-middle class families whose children went to get some easy, "artsy" degrees at $70K/year. The parents had their children take on student loans, and bought themselves BMWs at the same time. Now thes

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