Recent submissions

Comment · 4 years ago
100k in loans for an English degree

Demand a refund not a handout

Comment · 5 years ago
Something equivalent that teen boys "adore" like girls and boy bands and twilight?

I can only think of video games.. perhaps anime, possibly comics.

All of which are widely mocked.

Its not that girl's interests are taboo - its that when any gender gets too wrapped up in something that it becomes part of their identity society should mock to encourage adoption of other interests.

Comment · 5 years ago
Some juicy federal crimes we're all expected to know from @CrimeADay on Twitter

26 USC §5674(b) & 27 CFR §25.144(a) make it a federal crime for a brewer to remove beer from a brewery in a keg that has the name of more than one brewer on it.

21 USC §§331, 333 & 21 CFR §169.115(a) make it a federal crime to sell French dressing if less than 35% of its weight is vegetable oil.

43 USC §1733 & 43 CFR §6302.20(e) make it a federal crime to pick someone up from a federal wilderness area using a hot air balloon.

7 USC §8303, §8313 & 9 CFR §93.318(b) make it a federal crime to bring an American horse back into the United States after being in a Canadian rodeo without a health certificate.

42 USC §6928 & 40 CFR §257.3–8(b) make it a federal crime to start a dangerous garbage fire.

21 USC §331, 333, 343 & 21 CFR §155.201(a)(2)(v) make it a federal crime to sell canned "random sliced" mushrooms unless they were sliced in a random manner.

Comment · 5 years ago
Comment · 5 years ago
Net Neutrality is a solution in search of a problem.

The only argument for it is a fictional story based on photoshopped ads. Government should not be regulating internet content.

Comment · 5 years ago
Comment · 6 years ago
I think the app should be called "Captain Hindsight"
Comment · 6 years ago
I agree it wouldn't sell very well.

But postmortems in the tech world do trend sometimes

a news cycle postmortem - someone pitch this in an elevator

Comment · 6 years ago
That's why such a news app would be so interesting.

I remember comments from back then slightly differently.

Comment · 6 years ago
I would pay a subscription to a news site if they spent all their time evaluating 2-5 year old events and determining which side was right.

2 years ago comments of "this will only benefit the lawyers" would be -50 points. Turns out... actually yeah.

Comment · 6 years ago
A deal like this would likely be worth half a million at least. Perhaps even a couple billion.
Comment · 6 years ago
Repurchasing shares is what companies do with profits they cannot effectively leverage into new investments. I suggest you read https://en.wikipedia.org/wiki/Share_repurchase

But to sum up: if you are a company with $1 million on hand at the end of the year you have to disperse it somehow.

- If you put it in a bank account you'll earn 0.2% interest on your "investment"

- If you pay out dividends your shareholders will earn 1-2% (estimate) on their investments

- If you buy back your own stock your shareholders can see 4-5% (estimate) on their investments + you have shares you can award to employees in the form of options or direct without diluting the market

The number 1 factor in your decision? Taxes. Which option pays the least tax? Option 3

Comment · 6 years ago
Not true actually. The majority of employees do not get fired. Only a minority do

And the minority that is let go get 3-6 months of severance and unemployment benefits until they inevitably find a new job - which btw is far easier to do when you are not an executive of a floundering business.

Comment · 6 years ago
You are assuming this deal is the same as previous ones. Its not even close

https://www.marketwatch.com/story/united-airlines-details-it...

Grants for employee salaries and benefits like health insurance, low interest loan to be paid back, and a stake in the company in the form of equity. And all with strings attached so they can't hand out bonuses or lobby congress.

Businesses operate on revenue and margin and companies like airlines can't justify using even 1% of its revenue to "save" for rainy days. Their tickets have to be as cheap as possible and they have to market to as many people as possible. Its unreasonable to ask them to lay out millions on the chance an act of god rolls through.

As a company they have plenty of ways to raise capital to weather major events, including selling stock, which is what they are doing - to the government in exchange for favorable loans and a grant.

Comment · 6 years ago
But as I pointed out in the original post - the 10B in fees is in line with revenue the banks receive during normal times. And going off the earnings the banks posted last week, they are losing millions every day just keeping the lights on.

There is no increased earnings there is in fact very big losses. Which is another thing people tend to forget when discussing exec pay. The execs take a hit when business is bad, but the majority of employees continue getting paid.

Exec pay is high but you can't forget that much of the risk / responsibility should the business do poorly is on their heads not the majority of the workforce.

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