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frazw

@ frazw @lemmy.world

Posts
3
Comments
213
Joined
3 yr. ago

  • 'Build your own manufacturing': Trump-voting business owner stung by tariffs savaged after asking for ways to keep company afloat

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  • They can't admit it because it's an echo chamber. Trump tells them what they want to hear. They feel smarter for being validated by the president so they ignore the nagging voice that things aren't going to plan because the only possible explanation is NOT that they were wrong and don't understand these complex issues, but that even though they can't see the full picture, they were right. Then all the other people in the same position agree that 4D chess is being played and they all voted a smart vote and the endorphins flood their brain again

  • Trump insists tariff war is ‘doing really well’ as recession fears mount

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  • I have to take him at his word. If he thinks it is going well, that means the chaos is what he wants.

    He is either gaming the stock market for profit, or trying to harm the world economy.

    The very slim possibility is that he is being told by others with an agenda that things are working as planned.

  • Microsoft total recalls Recall totally to Copilot+ PCs

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  • Aside from privacy issues I'm sure running out of storage space on my work laptop all the time will get loads better when I have to find space for all this extra data that has nothing to do with actually getting my job done. I am constantly fighting running out of HD space due to the need to generate a lot of data, video, images etc. Adobe software takes up more than it needs to and complains if you don't have tons of spare space for it whenever you use it.

    I can count on one amputated hand the number of times I would have needed this feature.

    I only hope my company's IT see the security risk and disable it by default.

  • Right-wing Christian podcaster claims that airport body scanners can turn you gay

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  • This is the question.

    How improbable is it that he could have made a connection to airport scanners if somebody else told him they were having confusing feelings.

  • Norway’s government announces proposed tourist tax of 3%

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  • The relevance is, when you visit Norway now, you'll have to buy their tourism through the tax, so there won't be any point in buying imported tourism from another country as you'll already have more than enough. Pretty clever really.

    Anyway imported tourism is never quite the same as getting it locally. ¯(ツ)/¯

  • Trump raises tariffs on China to 125% but announces 90-day pause for other countries – business live

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  • Profit like a motherfucker day.

    You think he doesn't have someone buying the stocks he tanked just before his announcement.

  • Explain it to me (sans facts).

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  • Trump has said that other countries are ripping off the USA which creates the impression that foreign companies are selling goods far higher than they are worth. That means that people who believe Trump likely think that the foreign companies have enough margin to soak up the tariff, I.e. Pay it themselves, in order to keep doing business. Then the ripping off stops and those foreign countries just grumble that their gravy train is over.

    In reality, they are not and never were ripping off the USA in the way that is being suggested. Republicans seem to have forgotten that the market forces they used to talk about being so important have put a downward pressure on prices to some extent have prevented price gouging wherever there is competition and no collusion. Even when the goods come from overseas.

    Now due to the tariffs, the cost of doing business with the USA went up. So if they want to keep selling products in the USA, they need to cover the cost of the tariff, and the only way to do that and stay in business is to pass the tariff on by increasing their price to the customer. They can still sell that product outside the USA at its original price but they may choose to increase those due to reduced volume sold over all since the USA will likely buy less.

    By labelling the surcharge for the tariff they are simply highlighting the reason for the increase in price. As they should. I fear though that posts like this show that even when the reason for increased pricing is made clear, people will still choose their reality and not believe or understand the causes and motivations.

  • Supreme Court blocks order requiring Trump administration to reinstate thousands of federal workers

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  • "The US separation of powers, a cornerstone of the Constitution, divides governmental authority into three distinct branches – legislative, executive, and judicial – with each branch having specific powers and responsibilities, preventing any one branch from becoming too powerful"

    If the president is responsible for appointing judges, then the judiciary is not and never was a separate power. While it required a rather unlikely series of deaths and retirements, in close proximity, the judiciary is under trump's control because he has control of the supreme Court having appointed several.

  • Belgian prince loses legal battle to receive social security benefits on top of royal allowance

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  • They should have told him if it's about principles not money, if he is "retiring" then he'll no longer need his "salary" so he can choose between his allowance and royal accommodation and the pension.

    Of course it's about money. It always is. He is just another entitled wanker who thinks he "deserves" while others "take".

  • Trump Threatens 104% Tariffs on China as the Mad King Plays Chicken With the Global Economy

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  • So I guess it's another precipitous drop on the stock market when it opens again.

  • Flight route from San Francisco to Dubai. Two maps, two perspectives.

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  • Taking great care to avoid the rod that goes through from the north pole to the south that the globe spins around.

  • Removed Locked

    Trump says he will offer 'gold cards' for $5 million path to citizenship

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  • I thought trump didn't like taxes?

  • Removed Locked

    Trump says he will offer 'gold cards' for $5 million path to citizenship

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  • And does it grant you immunity from accidentally being deported? Or intentionally for that matter ?

  • Stock market rout deepens as Dow plunges more than 2,200 points and Nasdaq enters bear market

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  • I feel like using percentages would be more meaningful. The Dow Jones peaked at 381 just before crashing in 1929. So using absolute numbers can't be compared because the entire DJ wasn't worth the drops we are seeing today.

    I in 1929 it lost~10-12% on its worst days

    So far Trump is losing ~5% approx each day

    It's not exactly a stellar endorsement. I'm only saying that you are comparing things at today's dollar value, when the value of currency changes over time.

    This Wikipedia page shows that the worst days by percentage are not where we are yet.

    However... Rank, President (AFFILIATION), date, DJ, Point loss, %loss

    1 Reagan (R), 1987-10-19, 1738.74, −508.00, −22.61%

    2 Trump (R), 2020-03-16, 20188.52, −2997.10, −12.93%

    3 Hoover (R), 1929-10-28, 260.64, −38.33, −12.82%

    4 Hoover (R), 1929-10-29, 230.07, −30.57, −11.73%

    5 Trump (R), 2020-03-12, 21200.62, −2352.60, −9.99%

    6 Hoover (R), 1929-11-06, 232.13, −25.55, −9.92%

    7 McKinley (R), 1899-12-18, 58.27, −5.57, −8.72%

    8 Hoover (R), 1932-08-12, 63.11, −5.79, −8.40%

    9 T. Roosevelt (R), 1907-03-14, 76.23, −6.89, −8.29%

    10 Reagan (R), 1987-10-26, 1793.93, −156.83 , −8.04 %

    All republicans. I note that the biggest daily gains were also republicans but most of them are related to the big drops e.g a day, week or month later, so they basically tank the index then the index recovers some time later.

  • A Cybertruck Owner Says He’s Thrilled that Tesla Sold Him a Defective Truck. He adds, “I Can Now Return the Truck to Tesla at Full Price & Buy a Brand-New Cybertruck for $30,000 Less"

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  • Tesla: Due to the attacks on our dealerships and stock, we currently only have refurbished cybertrucks to offer. Here is one which has the panels reattached. It's just like it came out of the factory.

    Customer: wasn't that mine that I just returned?

    Tesla: yeah but this time we used gorilla glue. Please ignore the finger prints and hairs that got stuck to it. We let Elon's kid stick them back on for a photo op. He only got his hand stuck 5 times.

    Tesla: alternatively we've got this one going cheap. It only has one swastika painted on the side that we couldn't get off, otherwise it's brand new.

  • What Canada, Mexico, Japan, the UK, and the European Union should do in response to Trump’s grossly irresponsible tariffs

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  • I was having this thought myself but am not familiar enough with international trade to know. It seems to me that bringing down trade barriers outside the US allows coutries to more easily find alternative trade partners to fill the void left by abandoning us ones. It also brightens the effect on America because they won't be able to hold as many businesses hostage.

  • Are Nintendo's $80 online game prices a result of tariffs or is Nintendo just using them as an excuse to price gouge as corporations do?

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  • According to a post I found on that shitty alien site, An AAA game has to sell 10 million copies to break even around 6 months ago. That means at $70 dollars each. They can cost $700 million to make, market and distribute. The money has to typically be recouped within a certain time frame to keep the lights on and invest in the next 700 mil project. The successful games also have to carry the weight of the failures too, so you probably aren't getting that bad a deal.

    I'm not saying the price isn't inflated, just that it can cost a lot more than you might think to make this stuff, and it's all on a gamble that it will sell.

    I remember buying mortal kombat ii on the megadrive/genesis with saved up pocket money for £45 ($58). That was in 1994, I think I maxed out at about 10 games. I'm seeing assassins creed shadows on the xbox at £56.99 ($74) today (ignoring online digital shops because they didn't exist in 1994.) So in 31 years inflation on the price of a premium video game has been 0.75% annually vs 2.5% for all goods and that has resulted in a small 20% increase in the price over 30 years.

    Closest link I could find to back up the inflation rate. If games increased in price Inline with inflation, they'd cost about £96 ($123) today.

    Games have always been expensive, but less so now than 30 years ago.

    P.s. If I don't ignore online digital shops, I can actually get it cheaper the that 1994 price. Only £40 ($51). I mean come on its not like suddenly we have a bad deal on video games. Also if it really bothers you stop buying games at launch. I rarely spend more than a third of those prices now just by waiting a year or two.

  • As markets melt down, Trump touts $5m gold card for wealthy immigrants (featuring his face)

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  • Firstly, does he really think it's going so great over there that wealthy people think it's worth $5M to get in? More likely they will just wait for the fire sale and buy up the land cheap.

    Second if you have 5 mil, do you need to go there for work?

  • Trump tells UK to buy chlorinated chicken from US if it wants tariff relief

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  • All you need to do to not need the chlorine wash is to not treat the animals so badly that they shit all over each other due to lack of space. Improve their welfare improve the product, but no. Dollars come first.