bliblah
Joined 8 years ago
Joined 8 years ago
The fact that it went to the Supreme Court of the US [1] means that it is unprecedented and required the highest court in the land to interpret the law means that no parties were fully aware of how Bankruptcy would hold.
Due to the complexities of Puerto Rico's status as a commonwealth (i.e. not a State) the island is unable to declare bankruptcy. If they could then this issue could easily be solved and would give the government some leverage as is the case in most cases involving financial institutions taking advantage of these loans like was the case in Detroit and NYC.
To quote the wikipedia article on the topic [1]:
"Puerto Rico or any of its political subdivisions and agencies cannot file for debt relief under Chapter 9, Title 11, United States Code because it applies only to municipalities on the mainland.[55"]
[1]https://en.wikipedia.org/wiki/Puerto_Rican_government-debt_c...
Having lived in PR my most of life and most of my family being lawyers in both the Federal and the local Supreme Court the insight I get from the situation is that unless the White House gets involved or Congress simply amends that single line in the bankruptcy law then the government has really no leverage and these financial institutions (not lenders, but banks who bought the debt from lenders) will get mostly what they want and cripple the island.
If they could then these financial institutions would be unable to raid the island's coffers.
I currently live 15 min away from my job in Miami and pay less than $1k in rent. It is amazing being able to wake up at 8:30, dress and pack lunch and still get to work before 9am.
Most people here who have longer commutes are because they own homes and don't have the luxury of moving around like me, but then again, the own homes which is pretty hard in the cities I mentioned.
Honestly my first filter when job hunting is commute times and the price of rent within a 10 mile radius of the office.
Having had a 90 min commute at one point I realized that it just wasn't worth it unless you could have flexible hours to avoid rush hour and even then it's almost 900 minutes a week lost to "just" driving.
I was in the market for some headphones and had a specific brand and make in mind and when I looked in their site they were more than $100 more than Amazon. This has held true for me for a lot of items and even when using price tracker it is pretty much no contest to just buy off any reputable vendor most of the time.
I think it's just that the people who make the goods often have no market sense and rely on outsourcing it for 90% of their sales.
I have friends who work in LA and in SF and they constantly bombard me with stories of how employees of all levels (even recent hires) just spew the most extremist political diatribes at all times and some just do it to troll other employees of the different faction. It has gotten so bad that there are several "secret" slack channels for these cliques dedicated to continue gossiping and sharing memes that are pretty distasteful.
Whenever I ask about them reporting it to HR they just tell me that HR doesn't really exist and they pretty much exist just to make sure payroll is distributed.
Just my 2 cents but I prefer just clocking in and talking about the weather than have to put up with that kind of toxicity.
Some unions abuse their power to negotiate with the employer to make union leaders wealthy instead of granting benefits to the employees.
Some unions work alongside gangs to rake in illegal profit.
Some unions force all employees to take the same position of the union on certain issues meaning that people who oppose the measure may be blacklisted and pretty much terminated if the union uses its muscle.
Again these are just some unions and YMMV, the history of unions has many pros and cons with some being notorious and others being very much necessary in this day and age.
The ship was massive and had pools, a restaurant, live entertainment but it was obvious that all the people who were employed were semi indentured servants.
Most were from southeast asia and worked 6-8 months away from their families. What broke my heart is that only a small portion could leave the ship whenever we docked and most didn't seem to have passports that allowed entry to European countries without visa so they would just wait in the dock and use up the wifi to face time their spouses and children. Except the wife was really bad and the bandwidth quickly peaked and most were left just being miserable.
It was nice being able to visit all these countries that would otherwise have cost a fortune but man the pure human suffering really broke me.
Every one of these services pays below minimum wage to their drivers and will use every trick in the book to make sure that any cost saving measures goes downstream to lower the amount paid to the drivers.
I know that a significant portion just bing rewatch the Office and Friends, however they do not own the rights and these will go back to NBC who will just host them in their own streaming service.
This is the main issue facing Netflix. The more their competitors wise up and take their content elsewhere people will be more reticent to pay for a sub fee since there are now way too many options to choose from.
Because the companies themselves have admitted to marketing towards this demographic. [1]
The market was wildly unregulated and it was printing free money for these companies to target kids and sell these pods in retail stores. Heck I even remember going to a gamestop and seeing video game style vape pods.
I'm not going to comment on the ban itself, but I think it is reasonable to assume that these companies have very big incentives to target minors and create brand loyalty early on since regulations can be quite murky regarding e-cigarettes.
[1]https://www.forbes.com/sites/kathleenchaykowski/2018/11/16/t...