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LegendKeymasterThis one is perplexing to the point of requiring conspiracy theories (your Russian jab).
However, what an awful story. How much duress must a man be under to take such action? I saw the ny post article on this when it first came out and was shocked. For a senior executive to be this far gone and still functioning in role is morbidly impressive.
Peace to his loved ones. This was the awful story of the weekend.
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Sic transit gloria mundi (so shut up and get back to work)
LegendKeymasterI agree with btd that EV’s are becoming the more attractive consumer item. I don’t think superiority of driver experience being in favor of ICE’s will last long.
I fear for the power grid. I can envision a day when EV’s are software programmed to only charge on certain days and to only give the driver a certain amount of charge by regulation. Think water rationing. It will be easy with Tesla’s over the air update model.
It will be just one more little nick in the tree of freedom.
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Sic transit gloria mundi (so shut up and get back to work)
LegendKeymasterHousing has a long way to drop. Maybe 15% on average but possibly 50 percent in some locales. There has been a lot of cash out there. Rises in rates, burn off of the fed balance sheet, high inflation on consumer goods, and an unsteady stock market all factor in.
Waiting for the next bailout with 3.5 percent unemployment.
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Sic transit gloria mundi (so shut up and get back to work)
LegendKeymasterThis is entirely predictable. When the governing party sides with outlaws and anarchists against the police, what do you expect? The real sad part is that property and violent crimes are likely up more than the stats because why bother calling the police?
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Sic transit gloria mundi (so shut up and get back to work)
LegendKeymasterDidn’t trump declare an emergency? Where’s the student loan emergency? I mean people have been on payment holiday for almost 3 years.
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Sic transit gloria mundi (so shut up and get back to work)
LegendKeymasterWhich if your examples was done without the legislature?
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LegendKeymasterIt will all be rationalized. White privilege will be the very first rationale.
Government let us down. Start building more prisons.
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LegendKeymasterSuch a bad idea. It’s a relief program for the well off at best…in one of the best employment environments in history…after having given a nearly 3 year window of no interest and no payments.
How we can’t see the whirlwind this will reap is beyond me. Nobody will move to pay off federal student debt in the future.
The most unfortunate theme around this is that it’s somehow costless…an accounting entry by the government that doesn’t actually impact taxpayers. This, after the same side of the political aisle used student loan revenues as an offset to Obamacare costs just over a dozen years ago. This line of thinking will be the end of the republic.
For me, the silent group that should be shamed the most in this is the academic establishment that has pillaged the government for its own edification. I think the right thing to do would be to establish a luxury tax on colleges that raise tuition above the long term inflation rate. That would go farther to fix things than a forgiveness program that goes on while the government is still making the same loans.
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This reply was modified 4 years, 2 months ago by
Legend.
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Sic transit gloria mundi (so shut up and get back to work)
LegendKeymasterJay Powell has proven he will blow with the winds. His hawkish comments are not worth much though the market seems to believe.
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LegendKeymasterHow stupid do they think we are, indeed. Fuel prices go through the roof, and then as they lower we get a “tax cut.”
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Sic transit gloria mundi (so shut up and get back to work)
LegendKeymasterJoe has the press behind him. The spin has turned to Joe “getting things done” and the pols touting the benefits of solar panel discounts and electric vehicle subsidies to a workforce that is getting slammed with inflation and the specter of a recession.
I’m getting older and have never noticed the cynicism of modern politics like I notice it now. All is theater for the election. “Inflation Reduction Act” is quite possibly the most cynical legislation name of all time.
Still, the wsj reports that beef prices are falling, and we know that fuel prices have eased somewhat. When 8+% inflation is somehow good news we know the press is in the bag for the Big Guy.
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Sic transit gloria mundi (so shut up and get back to work)
LegendKeymasterThe board oddity isn’t too surprising. The word “catholic” has both proper noun and common / non-proper noun usage.
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LegendKeymasterI was surprised to see reference to cali being wildly successful here. Pretty much nobody wants to move to california for the policies. They all want the weather and natural beauty.
Any governor of california has the wind at their back. I think Gavin has wildly underperformed as a leader. He is a savvy politician but look who he is related to.
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Sic transit gloria mundi (so shut up and get back to work)July 29, 2022 at 10:43 am in reply to: Status of the current economic and political train wreck #6304
LegendKeymasterI don’t understand why the Dems and Biden have to resort to mendacity. What they should be saying is “recession? Possibly, but remember we need modest cooling of the economy to do the right thing by the working class and kill this inflation…if the republicans want to make hay about a gdp recession while job growth continues, we will take that all day and just point to their rank cynicism in putting single metrics ahead of the working class.”
it isn’t hard. Instead they literally try to redefine generally understood terms.
I have no opinion on AOC for president any more than I do on MTG for president. They both serve their political purposes.
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Sic transit gloria mundi (so shut up and get back to work)
LegendKeymasterTrust in media has fallen because “media” has gone from presenting topics that captured people’s interest for a few minutes at a time to driving “narratives” that exploit well-researched cognitive and biological ticks in the human mind to absolutely derail and capture the human psyche.
In other words, news media plays on prejudice and bias to capture eyeballs in perpetuity. It used to be people got their fill and went outside. Now people are captives to the narrative.
This is, of course, worse in some media than others.
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This reply was modified 4 years, 2 months ago by
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