gr1zzlybe4r

The airline industry is a good example of an "open" market that is really anything but. It is effectively an state-supported oligopoly. Airlines have split up every major market, usually with very little competition amongst themselves, and then have a government bailout backstop if things go wrong (this include things like favorable bankruptcy laws that let them get out of wage commitments). This is without even getting into the unholy public-private airport situation.

The answer is actual competition with some reasonable passenger protections.

Let foreign carriers compete here (9th freedom rights). No bailouts for failed operations or even unusual circumstances like covid.

If penguins in the remote Southern Indian Ocean have high levels of toxins in them, then I really don't even wanna know the amount of toxins I have in my system.

I was wondering about this after a recent beach trip I took. I won't name where I was, but I noticed a considerable improvement in sand quality on the beaches in front of the nice hotels. It was a quality difference that went beyond normal beach cleanup. Perhaps the sand was sourced locally, and beach improvement surely pales in volume to construction use of sand, but still it was the first time I'd wondered about sand mining/theft.

I wonder what the revenue of their customers looks like. They have to have a ton of revenue from other startups that themselves are in tenuous financial positions.

From the employee's perspective, it definitely sucks though. I went through a layoff this year and it took me a lot longer than I anticipated to get another job.

The airline that stands to lose the most with the downfall of Boeing is actually Southwest - whose fleet is entirely composed of 737s. Not MAX's yet, but that was at least the plan before more of these problems were exposed. I can't imagine how nervous the C-suite at Southwest is feeling.

Also - I wonder if Boeing even has the capability to build a new commercial airliner from scratch. The 787 was insanely expensive and had its own problems (remember the burning batteries?).

Most of tech was a ZIRP (zero interest rate phenomenon). And yes, that includes people that were higher up as well. Money was basically free for 15 years. It is not free anymore.

It will take some time for people to internalize this.

Of course it all changes if money becomes free again.

I think it's because the 8 & 9 variants were approved prior to the discovery of the nacelle issue. So the difference is approving a mitigation for an unknown issue in the case of the 8 & 9 vs. approving an exemption for a known issue with the 7 & 10. To me, that is a pretty big difference.

The more I learn about stuff like this, which happens in many other places at either the same or different levels of government, the more I believe that democracy in the United States is effectively a sham.

Lol

Honestly if you're moving just for a job, you're a sucker.

You need to be moving so that you can be in a city you want to be in, you get offered at least 50% more money in nominal terms probably 20% in real terms, or you're making a crazy career jump.

The employer <-> employee relationship is just way too skewed in favor of the employer.

They will cut you loose immediately if situations change. There's no reason for workers to be loyal to employers as a result. So why move for one?

There seems to be a crazy amount of chemical waste all over the metro Denver area. I don't live in Lowry, but I play hockey maybe once every 1 to 2 months at Big Bear Ice Arena, which is in that neighborhood.

There's also the Rocky Flats nuclear site, the chemical plant in Lakewood, and also the wildlife "refuge" north of the city.

Seems somewhat ironic given Colorado's reputation for pristine natural beauty.

Right. It is incredible to me that a lot of "thought leaders" are acting like this situation hasn't been handled in a structured way since the 30s by the FDIC.

It has really made me believe that a lot of tech is just grifters reinventing wheels everywhere, but with great marketing.

Still surprising to me how tech is trying to spin this as some novel event.

Fractional reserve banking was a known quantity. Risk management of your cash matters in a system like that. Full stop. Whether you think fractional reserve banking is dumb idea is a different discussion, but to willfully pretend that the depositors weren't at least partially culpable for this collapse is something else.

Tech has no humility.

That's funny - I've noticed a lack of basic knowledge of fractional reserve banking and the FDIC in the tech crowd.

Thank you for your comment even though you disagree with my tone. It is admittedly a little jagged, but I really hope people think about the extraordinary (in the literal sense of that word) measures that have been taken here.