jordanb

7 ms·

61.
by jordanb 2mo ago
> Anybody with large enough holding of US treasuries has leverage over the US: Large selling of those treasures will raise the yield on them, which is the last thing the US in its current situation needs. No Japan or China or anyone else
62.
by jordanb 2mo ago
* Japan liquidating its reserves to protect the Yen and its effect on US treasury yield or anything else can easily be undone by the Fed, if so desired. With an impact on the Fed's balance sheet for sure, but at a cost to Japan of liqu
63.
by jordanb 2mo ago
Either they spent euro reserves or bought euros with dollars so that's kinda irrelevant. This thread kicked off with an incorrect belief that Japan had leverage over the US with some threat to spend reserves. That leverage doesn't
64.
by jordanb 2mo ago
Which it had to buy using dollars..
65.
by jordanb 2mo ago
So is the US Treasury actions. The US Treasury is using dollars to buy yen on the open market to support the price of yen versus the dollar.
66.
by jordanb 2mo ago
No it would not. * Japan needs dollars to buy yen. * Japan sells US bonds to the US Fed in exchange for dollars * Japan uses the dollars to buy up Yen adding Dollars to the market and reducing the number of Yen. Versus: * The US Treasury us
67.
by jordanb 2mo ago
You're asking where the Fed gets money?
68.
by jordanb 2mo ago
But this is what the US Treasury is doing on Japan's behalf without requiring Japan to give up any bonds. If Japan wants a stronger Yen against the dollar why not make them spend their reserves to support it?
69.
by jordanb 2mo ago
This would be a dumb move. If Japan's treasury started selling a large amount of US debt, the Fed could buy it up and pay interest to itself. Japan would then have a whole bunch of non-interest-bearing US dollars and the Fed would have
70.
by jordanb 2mo ago
The process actually ends up working like this: 1) you sign the cards 2) the company alleges that the cards were signed under duress and people didn't actually want to sign. This is a necessary step in order to invoke the NLRB process
71.
by jordanb 2mo ago
Some do, but if you hire a union busting law firm the first thing they have you do is read a statement alleging impropriety with the union cards, in order to initiate the NLRB process. Companies aren't required to present any evidence
72.
by jordanb 2mo ago
It's not that the company can forgo the election. The company must allege that the cards are improper in order to activate the NLRB secret balloting process.
73.
by jordanb 2mo ago
Wikipedia has to say that people were being coerced to sign the cards in order to activate the NLRB secret balloting process. The "normal" thing (as expected by the law) is the company recognizes the union once there are enough ca
74.
by jordanb 2mo ago
No. There's basically a chicken and egg problem. It is not illegal to discuss unions in the workplace or to pledge support for a union. But the "union" has no standing to do anything other than talk to people. So to get a uni
75.
by jordanb 2mo ago
> we have heard from some staff members that they felt pressured because the organizers would know how they decided This is a statement written by their lawyers to activate the NLRB secret balloting process. The company is supposed to
76.
by jordanb 2mo ago
When strikes are legal is really complicated and depends on industry. The thing to understand is that labor law in the US was created to "reduce labor strife." Unions existed before they were recognized as legal. What labor law tr
77.
by jordanb 2mo ago
They are doing it the correct way. In order to get union recognition you need to get enough people in the company to sign union cards. This is the normal way to create a union. Companies argued that some people could be coerced and so the N
78.
by jordanb 2mo ago
SV is a cancer. Even its charities are like this.
79.
by jordanb 2mo ago
These were hob nailed thick soles leather boots where the uppers were a series of adjustable straps. I don't think there's anything modern that's comparable. The closest in terms of function would probably be the jungle boo
80.
by jordanb 2mo ago
What you call sandals the Romans called boots. Their boots were open on the top but still heavily soled. This suited their climate and kept the foot cool and dry. https://en.wikipedia.org/wiki/Caligae
81.
by jordanb 2mo ago
> it can make skilled people more productive by acting like a “mech suit for your brain.” If mech suits existed and people actually lived in them they would either get super fat or super skinny. In either case they'd lose all muscle
82.
by jordanb 2mo ago
One of the weirdest things about the whole AI boom is the mass formation psychosis where everyone started acting like lines of code written was an important metric for software development productivity. We've known for decades that mor
83.
by jordanb 2mo ago
The economist never does because all their "reporters" are kids fresh out of the LSE.
84.
by jordanb 3mo ago
Yes, ACs are loud and put out more heat than they absorb. They are actually fairly antisocial and I can understand that a country that cares so much about its streetscape and its "outdoor rooms" in its cities does not want a wall
85.
by jordanb 3mo ago
> ideologically insisting not to install proper AC or even ventilation This is not supported by facts. People won't spend money on equipment they don't need. Most places in France do not need air conditioning (or did not need i
86.
by jordanb 3mo ago
It's clearly an op by people who don't want the story to be about a historic heatwave ravaging Europe, so instead they make it about dum Europeans without air conditioning (which they didn't need before).
87.
by jordanb 3mo ago
I'm amazed at Oar Fish, that are very big and very long, and apparently just hang vertically in the water column. They can go up and down very fast but not side-to-side. They feed by hanging under their prey and then move up from below
88.
by jordanb 3mo ago
They need a new acronym: AGI -> ASI -> Artificial Mega Intelligence AMI? Maybe go back to AGI but make it mean Artificial Godlike Intelligence? It's too bad Altman already blew his wad with the whole Dyson sphere thing. It's
89.
by jordanb 3mo ago
Manufactured consumer products and food have gotten much more available. Housing, education, and healthcare have gotten less available. Recently the trend in food and consumer products getting cheaper has also reversed.
90.
by jordanb 3mo ago
Did we watch the same video? My takeaway from Manley is that it is something that can pencil out as a physics problem with a very carefully selected orbit But as an engineering problem it's quite another thing. For example he talks abo

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