pdxfed
@pdxfed@lemmy.world
- Comment on Millennials are giving up on the thought of ever buying a house and experts estimate fewer will become homeowners 21 hours ago:
“by retirement”
Another thing millennials will broadly never approach. Between systematic under-pay with 2-3% increases in wages, high inflation, exploded housing costs, predatory financial system (credit cards, BNPL), etc. I’d guess 5% of people will actually “retire” in the normal sense of stopping work in their 60s.
Physical and mental health are so affected by the vice in which Americans are crushed, many will not live to see retirement anyway.
- Comment on Donald Trump scores 'F' grade on economy: Poll 6 days ago:
Civics, personal finance, debate and English went ungraded as he did not show for a single class of any.
- Comment on Meta shuts down global accounts linked to abortion advice and queer content 2 weeks ago:
Consequences for thee
- Comment on Richest 0.001% Now Own Three Times More Wealth Than Poorest Half of Humanity Combined 2 weeks ago:
Sounds like a good chance to optimize capitalism to make sure they get the other 49% as well!
- Comment on Nvidia CEO Jensen Huang says people need to find success in traditional factory jobs again: ‘Every successful person doesn’t need to have a PhD’ 2 weeks ago:
Alternate plan: Golden visa program that went live today allowing the rich and powerful to buy citizenship that the fascist right claims has to be protected. Protected from the poor apparently while allowing criminals and thieves from everywhere else to buy their way in. Companies can buy on behalf of their employees, which will of course suppress wages, which is the whole point.
- Comment on America Has Become a Digital Narco-State - Paul Krugman 2 weeks ago:
He’s deliberately making the point accessible because he’s writing for all levels of readers, including Americans.
He won the nobel prize for economics and was one of the few sane voices during the great recession.
- Comment on I Went All-In on AI. The MIT Study Is Right. 2 weeks ago:
Great article, brave and correct. Good luck getting the same leaders who blindly believe in a magical trend for this or next quarters numbers; they don’t care about things a year away let alone 10.
I work in HR and was stuck by the parallel between management jobs being gutted by major corps starting in the 80s and 90s during “downsizing” who either never replaced them or offshore them. They had the Big 4 telling them it was the future of business. Know who is now providing consultation to them on why they have poor ops, processes, high turnover, etc? Take $ on the way in, and the way out. AI is just the next in long line of smart people pretending they know your business while you abdicate knowing your business or employees.
Hope leaders can be a bit braver and wiser this go 'round so we don’t get to a cliffs edge in software.
- Comment on FACT FOCUS: Trump says tariffs can eventually replace federal income taxes. Experts disagree 2 weeks ago:
Oh and we’re not going to tariff luxury cars but do have enormous tariff on jeans and bananas. Wonder who would possibly benefit from such a system design? I’m not very smart so can’t quite put it together, a total mystery.
- Comment on U.S. consumers are so financially strained they put more than $1 billion on buy-now, pay later services during Black Friday and Cyber Monday 2 weeks ago:
No, no there’s is the fanciful one where jobs they don’t yet exist should determine how people approach their career since that’s how far ahead businesses plan supply chain.
Who wouldn’t want to make a career decision based on a new experiment to reverse 50 years of off-shoring through genius tarrifs that get reversed because of the ever-changing whims of a toddler and his handlers? When the end game is of course fully automated robotics, why wouldn’t people want to start off in an industry that clearly will replace their career with a blanket the instant they can?
- Comment on Half of the US Now Requires You to Upload Your ID or Scan Your Face to Watch Porn 3 weeks ago:
Yeah then Elon can blackmail them instead of someone else
- Comment on Half of the US Now Requires You to Upload Your ID or Scan Your Face to Watch Porn 3 weeks ago:
Your response is also supposed to be legally in French.
- Comment on Samsung reveals first tri-fold phone 3 weeks ago:
What about 6 minute abs?
- Comment on Price correction "worse than 2008" coming to US housing market—analyst 4 weeks ago:
Housing and sales demand are at least a 6 month boat to start to see changes based on policy and runs much more on interia.
The fed is already starting to cut rates in the summer/fall. Trump will replace Powell in May when his term ends and probably announce it sooner than that, maybe Jan. Mortgage rates will start to drop and the next great reinflation will begin.
Sales started slowing years ago and the only reason why articles like these have started to appear in the last 2 months is the bubble is cracking and will start to affect the broader economy e.g. banks so they have full court press on gov to reduce interest rates for Dec. Getting the average consumer/voter scared helps this.
- Comment on Bye, Copilot: Microsoft is making Copilot a hands-free experience on Windows 4 weeks ago:
Some Southwest pilot is going to enter the cockpit on an upcoming flight and fucking Clippy will be in the 2nd chair.
“Hi, change of plans from our new VC owners. What can I help with? Want to hear the newest kPop Demon Hunters song?”
- Comment on Wall Street Is Paywalling Your Kids’ Sports 5 weeks ago:
Those responsible for sacking the people who have just been sacked have been sacked.
- Comment on The rich are ‘renting’ out their idle gold bars for income as prices remain at historic highs 5 weeks ago:
Probably some stablecoin bullshit; they have to have assets to back a coin to .ale it seem legit, as long as use of coin goes up faster than price gold they’ll be able to keep up the scheme? Wonder how that’s working out in the last week with crypto crashing
- Comment on Trump scraps tariffs on beef, coffee and tropical fruit in a push to lower grocery store prices 5 weeks ago:
I don’t eat much beef but have seen prices rise along with everything else in the last 5 years but assumed it was just general gouging. Read an article last week that detailed how climate change (damaging crops and yields), increased feed cost and international competition have made many generational beef ranchers selling off stock in the last few years as they can’t afford to feed them.
- Comment on 'It's Time for a Debate About Who Owns Our Media' Says Leader of the UK's Trade Union Movement 5 weeks ago:
While easy platforms to start on, unions driving more energy into social platforms oligarchs and governments own, can buy or control is not the greatest idea. The idea that follower counts are real, that “impressions” equal influence or even action are stretchers created by the marketing ideas that sold social media in the first place.
- Comment on FFmpeg to Google: Fund Us or Stop Sending Bugs 1 month ago:
Corporate welfare for them, austerity for you. Tax cuts for them, sorry not enough to fund social security we’ll have to raise retirement age or cut benefits.
- Comment on [Video] Anti-ICE protesters hold a 80’s themed yoga class outside the Portland ICE facility. 1 month ago:
Bad ass mofos, every one.
- Comment on Fox star trashes Trump’s 50-year mortgage plan: ‘I do not like this idea’ 1 month ago:
I love that the article has the insane quote suggesting kicking out 55 million visa holding immigrants, and this quote says 30 million illegals… that’s 85 million people. That’s more than a quarter of the entire US population of ~340m. They propose, in a time of worker shortages, when basic needs aren’t being met to remove 1/4 of the people living here.
If you can look past the blatant racism and xenophobia that is driving by political ends I guess we can trust that this new “land grab” of available homes would be efficiently, effectively and responsibly distributed to those in need in a way that ensures continuity of communities, neighborhoods, cities, tax bases…don’t even want to imagine. America is falling apart and has been for 30 years. We’d go full RoboCop.
- Comment on Fox star trashes Trump’s 50-year mortgage plan: ‘I do not like this idea’ 1 month ago:
“and just one more initial on page 452 sir, oh the coughing fits don’t bother me. We do need to get these sign and notarized before you expire.”
- Comment on Fox star trashes Trump’s 50-year mortgage plan: ‘I do not like this idea’ 1 month ago:
Had me in the first half ngl
- Comment on The Economist on using phrenology for hiring and lending decisions: "Some might argue that face-based analysis is more meritocratic" […] "For people without access to credit, that could be a blessing" 1 month ago:
How revolutionary. They’re going to upend the world of finance by trying to give loans to people who can’t structurally afford to pay them back in all likelihood? Isn’t that the entire playbook for wage slaves to those who are otherwise of sound mind and body?
Maybe they try to just continue with the current (awful)status quo without the psuedoscience? Course then they’d lose out on the fascism.
- Comment on The Economist on using phrenology for hiring and lending decisions: "Some might argue that face-based analysis is more meritocratic" […] "For people without access to credit, that could be a blessing" 1 month ago:
Sociology is one of the few majors that Florida is trying to cut from public school programs. They apparently think it radicalizes people to educate them about the way the world works.
- Comment on TikTok may become more right-wing as China signals approval for US sale 1 month ago:
Have you tried accommodation, no consequences and tolerance? Works every time toward fascists.
- Comment on Microsoft seemingly just revealed that OpenAI lost $11.5B last quarter 1 month ago:
The bubble was accelerated by people assuming prices would always rise, often their own greed and flipping or becoming landlords, and this was only possible due to the financial engineering that made lending to these folks posivle, but all of that droce the value of the underlying assets down significantly.
You claim there wasn’t a bubble…look at home price values in the sunbelt in 05 vs 2009.
TF are you talking about there wasn’t a bubble
- Comment on Microsoft seemingly just revealed that OpenAI lost $11.5B last quarter 1 month ago:
- Comment on UK | Citizen's Arrest Network hold Anglian Water to account, because no one else will 2 months ago:
The article is heavy on narrative but…did the CEO leave? Did they take him into custody? Kind of the important result of reporting on the arrest, which if something came of it is great. I assume it wasn’t reported because the CEO just left and they didn’t hold him by force and no one took him into custody.
- Comment on In Georgia, Trump’s Cuts to Solar Projects Hit Some of His Voters | The Trump administration canceled a $7 billion program intended to help low & moderate-income families install rooftop solar panel 2 months ago:
I trust the informed electorate will note that and adjust their future votes appropriately.