Vegas64

2003 called and wants their Von Dutch hat and car market back.

This is the problem I have with Biden, personally. He’s doing what the Pubs do and exaggerating or flat out making up correlations for political points. That is also not the problem I have with Biden politically. We’ve gripped he has needed to do this for 2 years nearly and now that he is, it’s working. Needs to keep pushing his finger in on that wound.

I get why he's going and what not and but I don't have to love it. It's not a great look that you'd rather go hat in hand to Mohammad Bone Saw and ask for political favor vis-a-vis help with oil production to help alleviate gas prices at home than take a conciliatory approach to our own domestic O&G companies and asking for some sort of compromise or "Good for America right now" approach and sacrifice. Instead he publicly is vilifying and accusing domestic O&G companies of profiteering and price gouging and what not for political points. Again, I get it and I like it, but don't necessarily love it.

Mmmmm. Show your work.

Onion / Leeks?

This is also true. Every day prices are high Republicans have a boogy man and bad guy to target for replacement. We live in idiot world.

I agree. Nobody was complaining (probably more celebrating) during the time and years when Exxon lost $10’s of billions of dollars, but now that the shoe is on the other foot it’s “greedflation”. And I get why it’s a political angle from Biden and honestly I think it could be more effectively wielded because it’s exactly what the Republicans would do, honest or not. Biden needs to triple down on the narrative but in doing so won’t make friends of those he’s asking help for.

That guy (that jacket) is huge. Like the OP said, $16mm buys you a lot of superficial votes and a lot of Americans are just like "eh, that guy is super fat and this woman is attractive".

I'm a front Left-er

Had a buddy just start and has a nearly $500k OTE after the comp refresh they did to increase pay at most positions a few months ago. I could put up with crappy amazon culture for that, probably.

And rightly so to the bolded. I also agree that BTC is a good value buy at some point, if not exactly now.

But did you hear all about his mom and dad being swingers and cheating on the cuckold and how it is effecting his 3 point shot ::eyerolls::

That food looks awesome. What's the problem?

I think the CEO was fairly transparent in his note (have you read it? I'll link it here from the blog: https://blog.coinbase.com/a-message-from-coinbase-ceo-and-cofounder-brian-armstrong-578d76eedb12). They are cutting staff because their major source of revenue is trading revenue and the crypto winter tanks volume and velocity to where their revenue is greatly diminished. We appear to be entering a recession after a 10+ year economic boom. A recession could lead to another crypto winter, and could last for an extended period. In past crypto winters, trading revenue (our largest revenue source) has declined significantly.

They 4x'd their team in 18 months and to get the talent in an historically tight labor market, they did it by paying anywhere from $200 upwards to $700k. The average Coinbase employee makes roughly $240k. There is fat to be cut as we enter a crypto winter or recession or extended bear market or whatever we are calling this.

I was reading the drama around the Thoma Bravo<> Anaplan deal and how that PE got Anaplan to accept a lower offer, post-M&A deal, due to the loss in market value the past few weeks/months through reasons couched in legalese and contract reasons. I think Musk is trying to do the same, and to be fair, it's smart business.

More like all the big techs with the exception of Microsoft (all) and maybe Amazon (in some areas).

But it's not his fault. He can't control it. We've said this over and over until blue in the face. This is why economists are looking at inflationary numbers and CPI data and removing gasoline and food costs as those are largely out of the scope of executive political influence.

As God as my witness he's broken in half!

The Atlantic also nailed it here regarding the recall and the feeling of political failure from longtime SF residents: https://www.theatlantic.com/ideas/archive/2022/06/how-san-francisco-became-failed-city/661199/

Democrats (who are in charge of the White House and Congress) are feeling the pressure to do something about soaring prices. Ahead of this fall’s midterm elections, Americans say that inflation is overwhelmingly the top problem facing the country, according to Pew Research. Economists suggest that the drivers of skyrocketing inflation are fairly clear at this point. Rock-bottom interest rates, government stimulus, surging demand for goods, and constrained supply due to Covid and the war in Ukraine have all conspired to send inflation to near 40-year highs. But in breaking with economists, a group of Democrats has focused on something else entirely: corporate greed. Citing record corporate profits, they say that some companies are jacking up prices to pad their bottom lines at the expense of consumers. Or, as Washington Post columnist Catherine Rampell called it (not in a nice way), “greedflation.” https://www.washingtonpost.com/opinions/2022/05/12/democratic-conspiracy-theory-on-inflation-makes-things-worse/ Last week, Sen. Elizabeth Warren and other Democratic senators unveiled the “Price Gouging Prevention Act of 2022,” which would empower regulators to investigate companies that sharply increase prices and require companies that hike prices exorbitantly to disclose why. https://www.washingtonpost.com/business/on-small-business/warren-bill-would-require-companies-to-explain-price-hikes/2022/05/12 President Biden also thinks price gouging is contributing to inflation. As part of his plan to fight inflation, he renewed his call for a minimum tax on corporations so that they finally “pay their fair share.” After Biden tweeted out those thoughts, Jeff Bezos felt inspired to go on the attack. The Amazon founder said that conflating higher corporate taxes with lower inflation “is just misdirection.” That earned a response from the White House, which yesterday noted that it was “unsurprising that this tweet comes after the President met with labor organizers, including Amazon employees.” Bezos replied that “unions aren’t causing inflation and neither are wealthy people.” One prominent economist is taking Biden’s side...kinda. Former Treasury Secretary Larry Summers, who warned early on that the government’s stimulus measures would lead to inflation, came to the government’s defense, tweeting that Jeff Bezos is “mostly wrong in his recent attack” on the Biden administration. While Summers called the corporate price gouging narrative “preposterous” (a view echoed by most experts), he also said it’s reasonable to raise taxes as a means of tamping down demand and inflation. https://www.bloomberg.com/news/articles/2022-05-16/summers-says-bezos-mostly-wrong-in-inflation-spat-with-biden and

To be fair, “Greedflation” has been roundly debunked by economists and it’s largely a political thing. But just like Republicans play politics and blame Biden for things outside of his control like gas prices, I’m more than okay with pushing something like Greedflation even though it’s not exactly honest. Edit to add, “roundly” might be a big bridge too far, let’s just say it’s debatable at best. I’ll link some sources when I get to a computer if anyone cares.

So you expect something but then in the next breath say you don't expect it. Serious question for you: do you see how you are irrational and why that might be frustrating to others who engage you in discussion around these sensitive topics?

So...your best thinking and plan to help poor people (the people you aren't talking about) is to...expect the upper middle class and wealthy (surly 1% with the F350's in The Woodlands in our running example) who aren't feeling the pain and could not care less about paying more to gas up their v8's for daily yoga workouts, outside of it being a political talking point, to change their behaviors and sacrifice for their poor brethren? This is a worse answer than the non-answer of telling poor people to just go to the non-existent grocery store in their food desert and buy fresh food and make their lunch everyday while learning to code on break at the call center and just drive less and stay home on weekends.