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GenEcon

@ GenEcon @lemm.ee

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98
Joined
3 yr. ago

  • European Central Bank cuts main interest rate by 0.25 points

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  • Thats some really hard BS.

    How do you think is hit harder by Inflation: someone working for 50 k a year and negotiating a raise every other year or someone with 500 k on the bank?

    Inflation hits the wealthy people the hardest! Not something I despise, but your claim is still complete BS.

    So why do we aim for 'close to, but below 2 %' inflation (2nd BS claim: no one aims for 2–3 % inflation). Because it has shown to be the most efficient to reduce unemployment and force rich people and companies to actually invest. Without inflation companies would need to fire people a lot more, since they can't lower their expenses for their workforce in a different way. And sometimes they are struggling with their productivity and can't stay competitive in any other way. Lowering wages is not allowed in most countries.

    It also forces rich people to invest. If there's no inflation, I can just get rich and then do nothing. If the value of my money decreases 2 % each year, I need to actively participate in the economy, at least by lending my money to other companies so that they can invest in new things.

  • Spotify is raising the cost of Premium subscriptions, again

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  • From the 10 Dollar, taxes will be deducted. Afterwards Apple or Google take their share (if you subscribe using the App). Of the remaining money the Music labels take 70 %, and Spotify keeps 30 %. The music labels pay a fraction of the 70 % to the artists, depending on the contract and the artist's share of streams reported by Spotify.

  • Spotify is raising the cost of Premium subscriptions, again

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  • That whole article is BS, they even say it themselves:

    Rates are rarely paid at a flat rate per stream

    There is no payout per stream. Instead a fixed percentage of the subscription price is shared among each streamed song. So why does Tidal pay more then? Either their subscriber numbers are still incorrect (they have a history of publishing way higher numbers than in reality), their subscriber listen to less music (which is the main reason Apple Music pays more per stream on paper, since its often bundled) or their audience focuses more on a single artist (or a genre).

  • Spotify is raising the cost of Premium subscriptions, again

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  • They pay less than Tidal claims it pays. So far Tidal has a really bad history of publishing correct numbers.

  • Spotify is raising the cost of Premium subscriptions, again

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  • The problem is that Spotify is losing money each year. They aren't profitable. And if they are keep focusing on music, they never will. Their deal with the music labels says that they need to give 70 % of each subscription to the music labels. So by getting more people to signup, they only marginally increase their revenue. Same goes for raising their prices.

    Thats why they tried focusing on Podcasts and Audiobooks. Those are a lot more profitable, either by adding ads (Podcasts) or by charging a premium (audiobooks).

  • Spotify is raising the cost of Premium subscriptions, again

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  • How does this work? Spotify has a deal with the music publishers, where they give 70 % of all subscription income to the music companies. The music companies (Sony, Warner, etc) then split the money based on the share of streams.

    How can Apple pay out 2.5x70 %, so 175 %? Are thes losing with every subscription?

  • Hypersonic paranoia in Russia: As treason cases at the highest level of Russian science pile up, is Kremlin-sanctioned spy mania out of control?

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  • Who needs actually good research and freedom of science, if you have enough young men willing to dive into the meat grinder with poorly developed weapons.

  • Hypersonic paranoia in Russia: As treason cases at the highest level of Russian science pile up, is Kremlin-sanctioned spy mania out of control?

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  • Don't give me hope.

  • Racist violence in Germany reaches record highs, support groups warn

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  • I helps. Last week ago a Neonazi was stupid enough to do the Hitler salute and has now to face the consequences.

  • German police investigate 'racist' video on vacation island

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  • Its news because it happened in a public setting. Neonazis are less afraid than ever to show their true face even on social media.

  • German police investigate 'racist' video on vacation island

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  • In comparison to other countries far right positions are far less common. The post-war generation really changed the society. For example the far right AFD has less than 15 % of public votes (compared to ~30 % in other European countries) and racism – while present – is far less common than for example in China, Russia, US or Japan.

    Its not perfect, but the fact that people shouting far right phrases making national news, shows that the german society hasn't shifted as far to the right as other countries.

  • On self-driving, Waymo is playing chess while Tesla plays checkers

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  • And still Mercedes is the car company with the highest autonomy level of any car manufacturer. And no one talks about that.

  • Tariffs on China aren't the way to win the EV arms race – getting serious on EVs is

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  • Thats simplifying the problem. You know what helps with getting better with EVs? Subsidies and cheap credits. And China does that. We can now start to race which countries and tax payers give EV manufacturers the most money or we can ban companies who aren't playing fair.

    So yes, get better at EVs is a valid damand. But if your competitor gets an unfair advantage, you simply can't reach his level, no matter how hard you are trying.

  • Police raid far-right German MEP’s office in China espionage probe

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  • Digital surveillance is omnipresent in China. Here’s how citizens are coping

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  • I did say the exact opposite...

  • Digital surveillance is omnipresent in China. Here’s how citizens are coping

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  • Its not even close. For example, end-to-end encryption is standard in the west. In China its heavily restricted and basically non-existant.

  • Senate passes TikTok ban bill, sending it to Biden, who has already committed to signing it

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  • Its actually also a media problem. For example, the largest Tiktok account of a german politician belongs to Maximilian Krah, of the far right party AFD. Just yesterday it was revealed that his personal assistant is actually a Chinese spy. Krah himself voiced a lot of pro-Chinese opinions before, like being pro annexation of Taiwan and denying the genocide on the uigyurs.

    This begs the question if his Tiktok popularity is based on a non-biased algorithm or if the CCP made a deal with him, boosting his Tiktok popularity in exchange for being pro-China.

  • Russia to Hire Contract Soldiers in Bid to Avoid Unpopular Draft

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  • Poor countries you can exploit: Nepal, Kazakhstan, India, Usbekistan, etc.

  • Vladimir Putin not welcome at French ceremony for 80th anniversary of D-day

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  • I personally think the role of the soviet union in WW2 is underappreciated, too! But thats my point: soviet union, not Russia! The majority of victims in WW2 where Ukrainians, Latvians, Estonians, Poles, Belarusians and Lithuanians – the same countries now fighting Russia (except for Belarusia)!

    Russia never was the good guy and Putin deserves nothing of the praise for the soviet unions role in WW2. Maybe invite the Poles, Ukrainians or Baltics insteac!