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Messages - rcjordan

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1
Economics & Investing / Re: Recession 2019/2020 Mega-thread (putteth all thy strange eruption in h're)
« on: February 19, 2019, 09:03:50 PM »
Federal data:

"Throughout much of the Midwest, U.S. farmers are filing for chapter 12 bankruptcy protection at levels not seen for at least a decade"

Farm Belt Bankruptcies Are Soaring - WSJ
https://www.wsj.com/articles/this-one-here-is-gonna-kick-my-buttfarm-belt-bankruptcies-are-soaring-11549468759

2
Economics & Investing / Re: Recession 2019/2020 Mega-thread (putteth all thy strange eruption in h're)
« on: February 18, 2019, 03:29:19 PM »
No recession but global growth will slow down, Janus Henderson says
https://www.cnbc.com/2019/02/18/no-recession-but-global-growth-will-slow-down-janus-henderson-says.html

3
Water Cooler / Re: Our Major Western Cities Are Becoming Uninhabitable Hellholes
« on: February 18, 2019, 03:22:32 PM »
US cities with most traffic for 2019 - Business Insider
https://www.businessinsider.com/us-cities-with-most-traffic-2019-2019-2

4
Water Cooler / Re: Gonna have a breeze
« on: February 17, 2019, 10:16:10 PM »
<update on millions of dead chickens>

Pretty interesting read.

After Hurricane Florence, dead chickens, turkeys composted | Durham Herald Sun
https://www.heraldsun.com/news/local/article226258150.html#storylink=mainstage_lead

Quote that hit home:
“Dealing with 4 million dead anything is a sizable job”

5
Economics & Investing / Infosys, on a 10,000-job hiring sprint in the US, is 75% of the way there
« on: February 17, 2019, 02:04:48 PM »
Infosys, closing in on US hiring target, opens design hub in Providence

https://qz.com/work/1552468/infosys-closing-in-on-us-hiring-target-opens-design-hub-in-providence/

6
Monetization / Re: Selling Hacked Data
« on: February 17, 2019, 01:59:22 PM »
Quote
According to the latest listings, the sites include 20 million accounts from Legendas.tv, OneBip, Storybird, and Jobandtalent, as well as eight million accounts at Gfycat, 1.5 million ClassPass  accounts, 60 million Pizap accounts, and another one million StreetEasy property searching accounts.

The hacker is selling the eight additional hacked sites for 2.6 bitcoin, or about $9,350.

If I did the math correctly, that's $.0001 per record.

7
Water Cooler / Re: Wave of states look to pass $15 minimum wage laws in 2019
« on: February 17, 2019, 01:00:21 AM »
>fall

Like we said in that now-gone housing crisis thread; "We don't have a system to handle that." 

As a related aside, I'll add that I live in an area that is losing population to cities.  I'm taken aback by how many empty houses there are along the highways.  It's particularly ironic given the homeless & poor in the cities.

8
Hardware & Technology / Re: Chrome API update will kill a bunch of other extensions, not just ad blockers
« on: February 17, 2019, 12:49:55 AM »
Google backtracks on Chrome modifications that would have crippled ad blockers | ZDNet
https://www.zdnet.com/article/google-backtracks-on-chrome-modifications-that-would-have-crippled-ad-blockers/

9
Water Cooler / Re: Wave of states look to pass $15 minimum wage laws in 2019
« on: February 17, 2019, 12:18:27 AM »
<added>

>minimal basic income

Hungary and other countries have long-term incentives to increase the birth rate.  What if the opposite were offered?

I wouldn't count on compassion...

Commentary: Utah has an Orwellian definition of ‘compassion’ - The Salt Lake Tribune
https://www.sltrib.com/opinion/commentary/2019/02/16/commentary-utah-has-an/



10
Water Cooler / Re: Wave of states look to pass $15 minimum wage laws in 2019
« on: February 16, 2019, 11:38:27 PM »
I wonder if workers at the bottom do better overall with a hiked minimum wage?  I can see where employers are going to cull the outliers and cut the remaining employees less slack, but I'd bet that -overall- more money flows to the bottom layers.

>taxes

All I read says they're going up, for sure.  Even conservatives are nodding the affirmative.  That said, I've not seen anything that says anything realistic proposed to increase the social safety net.  Medicare for all isn't realistic, imo, given our current deficit.

 

11
Economics & Investing / US: A big change in accounting puts $3 trillion on corporate books
« on: February 16, 2019, 08:52:54 PM »
https://www.cnbc.com/2019/02/15/a-big-change-in-accounting-puts-3-trillion-on-corporate-books.html

IIRC, it was a similar accounting change that outed all the retirement liabilities corps had buried in their footnotes.

12
Water Cooler / Wave of states look to pass $15 minimum wage laws in 2019
« on: February 16, 2019, 07:44:05 PM »
https://www.axios.com/minimum-wage-states-3868ecc0-d2e7-47de-b59a-20b16404d81b.html

But wait, the dismal science weighs in....

After Winning a $15 Minimum Wage, Fast Food Workers Now Battle Unfair Firings - The New York Times
https://www.nytimes.com/2019/02/12/nyregion/fast-food-worker-firings.html

"The Times discusses several examples of people who were dismissed for what look like small offenses. These firings aren't inexplicable or arbitrary. They are the predictable consequence of a binding minimum wage in a competitive labor market."

https://www.forbes.com/sites/artcarden/2019/02/15/protip-if-theyre-working-to-get-you-fired-theyre-not-your-friends/

TL;DR: Employers are culling the herd.

13
Economics & Investing / Re: Recession 2019/2020 Mega-thread (putteth all thy strange eruption in h're)
« on: February 16, 2019, 03:36:41 PM »
Feb 15, 2019: New York Fed Staff Nowcast
  • The New York Fed Staff Nowcast stands at 2.2% for 2018:Q4 and 1.1% for 2019:Q1.
  • News from this week's data releases decreased the nowcast for 2018:Q4 by 0.2 percentage point and decreased the nowcast for 2019:Q1 by 1.1 percentage points.
  • Negative surprises from retail sales, capacity utilization, and industrial production data drove the decrease.
https://www.newyorkfed.org/research/policy/nowcast

14
Water Cooler / Graph: 30 yrs of US federal public corruption convictions
« on: February 16, 2019, 02:53:06 PM »
Interesting, but needs adjusting for population, imo.

https://i.redd.it/ylnrql9l9vg21.jpg

15
Water Cooler / Re: Civil forfeiture expanded
« on: February 16, 2019, 01:52:36 AM »
Michigan Seeks to Ban Police from Seizing Property from People Who Have Not Been Convicted of Crimes - Foundation for Economic Education
https://fee.org/articles/michigan-seeks-to-ban-police-from-seizing-property-from-people-who-have-not-been-convicted-of-crimes/

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