Domain: marketwatch.com
Stories and comments across the archive that link to marketwatch.com.
Comments · 807
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Re: Worker pay and benefits climbing at fastest pa
Worker pay and benefits climbing at fastest pace in 10 years, ECI finds
Does anyone have any idea what could have happened 10 years ago that caused worker pay and benefits to stagnate for a whole damn decade?
Anyone?
Bueller?
I'll bite, but the problem started about 20 years ago... With the creation of the "subprime mortgage" which was needed to loan money to unqualified borrowers, backed by two Federally backed mortgage companies. A pile of money got loaned to people who couldn't pay it back and real estate prices shot though the roof as the market was awash in cheap money loaned by banks, converted into questionable securities backed by the fed. Why did banks do this in the first place? Anybody have a clue how this could take place, banks loaning money that would never get paid back?
Bueller?
Bueller?
Here's a hint.... WHO demanded that subprime borrowers be given loans and why?
Here's a statement: What happened at the end of Bush's administration is the house of cards finally fell, but the building of that structure took YEARS so the cause of the problem wasn't the economy and wasn't really Bush's fault (except in that he didn't see and avoid it). The REAL reason happened years before when banks started loaning money to unqualified people and why do you suppose they did that?
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Worker pay and benefits climbing at fastest pace
Worker pay and benefits climbing at fastest pace in 10 years, ECI finds
Does anyone have any idea what could have happened 10 years ago that caused worker pay and benefits to stagnate for a whole damn decade?
Anyone?
Bueller?
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Yes Tesla is risky
I don't really consider it risky at all, especially not compared to almost any biotech stock.
If you don't think it's a risky investment given it's ludicrously high valuation and huge debt load then you may not be understanding the meaning of the word risk. Even Elon Musk has admitted the stock is priced "higher than we have any right to deserve".
Do you seriously think it is riskier than Amazon at this point?
Hell yes Tesla is riskier than Amazon. FAR riskier. Not even a question.
*If* they need it, that capital would easily come from these sales figures and market share.
Market share doesn't equal cash if you are selling at a loss. You can have huge market share selling $2 bills for $1 but you'll be out of business faster than you can say "Chapter 11 Bankruptcy".
But if Tesla is meeting or beating delivery forecasts
When has Tesla EVER beaten a delivery forecast? Come on. Good products but Musk is almost legendary for missing delivery deadlines.
The shorts all were betting that Musk would have no access to capital.
That's not an unreasonable bet. They have $10 billion in debt and the debt servicing on that isn't to be laughed at, even by Elon Musk. At some point even Musk would have a hard time convincing the market that Tesla can service the debt it already owes. And given how much trouble Tesla has had getting the Model 3 up to full production it's perfectly reasonable to question whether they can bring in enough revenue fast enough to service the debt. I hope Tesla succeeds but they wouldn't be the first company to fail due to cash flow issues if that were to happen.
The real reason to own TSLA right now is the amazon potential to reap the product of the short's massive miscalculation.
That's a fancy way of saying that you bought an overpriced stock and are hoping that a short squeeze will send it even higher. Tesla is a fine company and I really want them to succeed but there is no objectively justifiable reason for the company to be worth more than General Motors at this time with a tiny fraction of the sales and zero profits to date. The stock price is hugely overvalued and there is no reasonable case to be made that Tesla is going to generate enough profits in the next 5 years to make a reasonable ROI for anyone who buys at the current price.
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Re:Thanks for my favorite bias example
Democrat supporting media entities (hint: 92% of journos)
Citation needed.
The media and the Democratic party are almost one and the same. At best, the media is a propaganda arm of the Democratic party.
Naked assertion. You've got nothing whatsoever to back this up. Third-party fact checkers and unaffiliated international organizations show that while a completely objective news source doesn't exist, there is a distribution of biases across the political spectrum: https://www.marketwatch.com/st...
If you had an ounce of integrity, you would recognize that the very fact Donna is still around after what she pulled is indicative of a deep level of corruption.
Your link is blocked by my work internet filters (great sign of credibility there...) . That said... what the hell are you talking about? The conversation was about your ridiculous persecution complex with respect to the media - mentioning a Democrat that you feel is corrupt doesn't directly relate. If you were trying to make a point that the media doesn't report on bad behavior by Democrats, a moment of searching has shown plenty of reporting from major media outlets about controversial campaign practices by this lady... so you've once again failed to defend your claim.
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Re: Shorts are running scared...
The lying pedo shows up. So, Lets see what lies a whanker like you tells.
Hi lying Pedo, glad you at least told me your name. It's hard to keep track of all the AC's.
I haven't told any lies. Search your hardest and see what you can come up with...Let WindBourne know if you find any, he's been looking for a long long time and still hasn't found any.Fluffer said that it was dealers. Tesla has no dealers. They sell cars direct. No lie by windy.
He was trolling at worse or simply mistaken. There have been a lot of stories about suppliers recently. It's an easy mistake to have made.
If you go back and read what I said. I mentioned WindBourne is an expert on lies, because he makes so many of them. And he has a nasty habit of calling other people liars for little reason. I didn't say he was lying in this instance.
But he was jumping quickly to the accusation (as usual) when there was a simpler explanation.
He could have asked for clarification, pointed out the error in a more appropriate way, even provided some evidence like you did if he really wanted to be informative.Tesla never asked a supplier for cash back as you implied with your lie
This is the part that makes you look like WindBourne Jr. How did I imply anything? I just pointed out a more plausible scenario, and asked WindBourne to tone down the lying accusations a bit. You must be a bit on the thick side if you think there was even an implied position in anything I said. My only position in this situation is widely known. I'm sick of WindBourne calling people liars all the time. Simple as that.
(While you go searching through my history for lies, you will come across many times I've pointed out WindBourne's lies, along with all the evidence.)Tesla DID work with 10 supplier for them to drop their prices now that Tesla is ordering large quantities which is normal in manufacturing. But none of that was postdated. That was lies by gits like you and porky.
Since you want to drag me into this Tesla nonsense, I'll just have to show you that you are wrong.
Responding to a tweet referencing The Journal article, Tesla CEO Elon Musk clarified on social media, "Only costs that actually apply to Q3 & beyond will be counted. It would not be correct to apply historical cost savings to current quarter."
What do you think he means by "historical cost savings"? It's clear you're too thick to work it out by yourself, but it means at least some of the savings he was trying to get were in fact from the past. But he wasn't going to try and count them towards Q3 numbers.
First and only time I've mentioned it. So no idea why you're claiming I've lied about it or even mentioned it before. Are you really really sure you're not WindBourne? Identical twin perhaps? Clone? Just equally foolish then?Go back to Xi's knob, you bloody whanker.
You first. Just remember to take out WindBourne's and Musk's beforehand. WindBourne's and Xi's are probably both pretty tiny, but Musk's might be regular sized.
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Re:Shorts are running scared...
No, the shorters are running around lying massively since Tesla did NOT ask for refund payments.
WHat I do enjoy about all this, is all of these lies that keep coming about Tesla is almost certainly going to force the SEC to start asking sites about who is whom and for them to fully investigate those that continue to spread lies after lies. -
Re: Shorts are running scared...
The lying pedo shows up. So, Lets see what lies a whanker like you tells.
Fluffer said that it was dealers. Tesla has no dealers. They sell cars direct. No lie by windy.
Tesla never asked a supplier for cash back as you implied with your lie
Tesla DID work with 10 supplier for them to drop their prices now that Tesla is ordering large quantities which is normal in manufacturing. But none of that was postdated. That was lies by gits like you and porky.
Go back to Xi's knob, you bloody whanker. -
Shorts are running scared...
Tesla has been hit with a torrent of fake news recently, trying to drive the stock down.
Most obviously and recently was the following:
1) Someone (not Tesla) posted that 23% of Tesla reservations have been cancelled.
2) Based on #1, an analyst downgraded the stock from "hold" to "underperform".
3) Tesla stock plummeted
4) Tesla notices #1 above and responded:Dunno where this bs is coming from. Who knows about the future, but last week we had over 2000 S/X and 5000 Model 3 *new* net orders. — Elon Musk (@elonmusk) July 20, 2018
(Note: Tesla makes about 6,000 cars/month, so an increase of 7000 cars puts them even further behind on reservations. And as noted in the link below, they have not started showing them in stores yet, so Tesla has yet to tap the "drive before they buy" potential pool of customers.)
Word on the street is that shorts are running scared, doing everything they can to drive down the stock price. Including insider sabotage, misleading financial spin, and online harassment such as the OP.
This is basically the last-ditch effort of Tesla bears to drive the stock down. Once the next two quarters financials are in, there will be no case for shorting Tesla stock whatsoever.
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Re: it's about both profit and control
So essentially it's followed most other industrial commodities, with a bit of fluctuation based on the luxury/jewlery market. It seems that where it actually does well is in the build up to the bubble, and not in the crash. Anyways a more interesting comparison is a comodity index. https://www.marketwatch.com/in...
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Re:Looking back at this time will be interesting.
Unfortunately, there are extreme bubbles elsewhere in the economy, and eventually, we are going to have another debt caused liquidity crisis. Google the everything bubble. Our debt levels are significantly higher than they were during the crisis in 2007-2009. Corporations have 50% more debt than 10 years ago when we were told that certain businesses were 'too big to fail', largely from taking on additional debt to buy stock to drive up the stock price. The federal debt has tripled.
The low mortgage rates have had a significantly inflationary impact on real estate values. Increasing the interest rates for 30 year mortgages from 3.5% to 5% and $1000 payment will drop the amount of loan you get from 222,000 to 186,000, a decrease of 36%). Since most people don't have that money in the bank to increase their down payment to buy the same house, housing prices are going to have to decrease again causing a second real estate mortgage problem.
The federal reserve pumped $3.5 trillion into the markets to keep things afloat, and is now attempting to withdraw those values from the market. I don't know how they can claim that the $3.5 trillion saved the market, but that withdrawing an even larger amount now will be done without causing the next crisis.
The stock market crash of 1929 (and all of the spectacular ones really) have been caused largely by margin calls forcing people who had borrowed money and bought securities to sell them at a loss, and the sell will drive the price down, forcing other speculators to down to where they were below water, then their brokerage would force them to sell, driving down the price further, causing a cascading collapse of stock prices to about a 90% decline. The amount of debt supporting this stock market is significantly higher than then. Look at the chart on this page. All that is supporting this market is debt. Stock markets at current valuations typically have negative returns over the following decade, because the price is too high and the cash flows are too low.
Once people stop having enough debt to maintain their life style, home and investing activities, health care costs, etc, something is going to have to give, and corporate revenue and profits will take a hit and the market will crash hard. Companies are going to go out of business. People will lose jobs. The economy will shrink as more and more people lose their jobs causing other closures from loss of customers, loss of tax revenues, etc.
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um
Fake news is not an imaginary thing.
When only 7% of journalists are Republicans in a country as evenly divided as ours, there is NO WAY the news is unbiased or biased in favor of the right.
When those almost totally left wing reporters then provide coverage of a Republican president that is more than 90% negative even as the economy is booming and consumer confidence is at an 18 year high it's a sign that something is off-balance in the newsrooms.
When those same left wing journalists (who insist they are "main stream" and unbiased) make error after error after error against that Republican president but somehow amazingly not in his favor, after spending 8 years performing virtual analingus on Obama, it's a sign of a problem.
You can whine and complain all you want that people to your political right believe that much of the "mainstream" news is actually just fake propaganda, but they have more ammunition for their beliefs than you have for yours.
Get back to me when the "journalists" currently panicking that ONE former Fox news reporter is a State Dept spokesperson and ONE former Fox News producer is about to take the White House communications director job decide to retroactively panic at the HUNDREDS of Google people who went back-and-forth between White House jobs under Obama and their Google jobs, or the numerous ties between Obama admin people and ALL the non-Fox news networks. Try looking up all those Obama-era media connections... if you have an honest bone in your body you'll be shocked.
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If you've got nothing to hide, you've...
If you've got nothing to hide, you've got nothing to fear. But your cousin or Aunt Minne, on the other hand.... I guess DNA makes a good perp pointer, as long as they're not the ONLY thing used to incriminate people.
By the way, if you've got absolutely nothing to hide -- what are all of your credit card and banking numbers again? I'm verifying data from Exactis. Thanks. -
Sticker shock
... the cost of the troubled Webb telescope would now be $9.66 billion.
Getting close to the $13 billion cost of the latest US aircraft carrier, USS Gerald R. Ford (CVN-78) and twice as much as the earlier Nimitz class aircraft carriers at $4.5 billion each. AND I imagine the flight-deck on the Webb will be*much* shorter.
I know they're apples and nuclear-powered oranges, but damn. The Hubble Space Telescope only cost $4.7 billion by the time it launched.
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Re:Doesn't matter ...
Enlightenment will come via suffering.
And we still have natural resources.
And our colleges are great, a few years won't impact that.
We have a lot of smart people, but less are coming here than in recent decades.
I'm not knocking anyone on Earth here, just making some generalizations. My kids are in a US based International Baccalaureate program focused on French. I would like them to school in Europe (I've never been).
Anyway, we could see a party-reversal on certain issues as happened around the Civil War (tariffs as the cause I would guess, and propping up already insolvent coal/energy operations is not the best move fiscally):
https://www.livescience.com/34...Watch the debt and the short term interest rate. A higher interest rate helps savers (retired folk who have been suffering), but it hurts those who borrow (workers). Obviously it's not that simple, but it rhymes.
Oh, the Social Security program recently had to access the trust fund (first time since 1982), but it and Medicare are on the way to insolvency:
https://www.marketwatch.com/st...Don't get me started on bridges that need repairs... (I kid, I kid)
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Re:Peanuts compared other car makers
It is slightly disingenuous to solely look at gross debt, and no doubt the auto business is one of the most highly debt intensive businesses out there. But the life blood is consistently positive operating cash flow, if that's not robust then you might as well turn the lights out.
Ford: $18.1B
GM: $17.3B
Tesla: ($60M)(After a run-through of the 10-Q, I'd be highly surprised if Tesla's suppliers aren't already demanding COD. There's strong hints that unit gross margins are actually negative (!).)
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Re:Peanuts compared other car makers
It is slightly disingenuous to solely look at gross debt, and no doubt the auto business is one of the most highly debt intensive businesses out there. But the life blood is consistently positive operating cash flow, if that's not robust then you might as well turn the lights out.
Ford: $18.1B
GM: $17.3B
Tesla: ($60M)(After a run-through of the 10-Q, I'd be highly surprised if Tesla's suppliers aren't already demanding COD. There's strong hints that unit gross margins are actually negative (!).)
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Re:Peanuts compared other car makers
It is slightly disingenuous to solely look at gross debt, and no doubt the auto business is one of the most highly debt intensive businesses out there. But the life blood is consistently positive operating cash flow, if that's not robust then you might as well turn the lights out.
Ford: $18.1B
GM: $17.3B
Tesla: ($60M)(After a run-through of the 10-Q, I'd be highly surprised if Tesla's suppliers aren't already demanding COD. There's strong hints that unit gross margins are actually negative (!).)
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Simle minds expect simple solutions
Nuclear power and GMO foods are going to save us? Really?
As for GMO crops, um, no. Just no.
Do you realize the connection between the nitrogen cycle, fossil fuels, and the 1973 oil embargo?
In a nutshell: World populations grew faster than land based plants can fix nitrogen from the atmosphere. The natural carrying capacity of this planet using sustainable traditional agriculture is about 2 billion humans. Oddly enough, about the time that the world population level reached 2 billion humans, the most technically advanced society at that time created a process to make large scale artificial fertilizers (and explosives) and a major engine of the industrial revolution. Both powered by fossil fuels. Farming commenced on a massive scale. And war, but that's just entertainment for idiots and of no real importance.
Fast forward to 1973. A new world power (USA) pisses off the a little Organization of Petroleum Exporting Countries, and finds itself with insufficient energy to function. Everybody scrambled to find a way to fuel airplanes, cars, and tractors. Monsanto discovers that a chemical chelator that removes calcium, manganese, magnesium, copper and zinc (trace elements essential for most forms of life on earth), also kills weeds. Go figure. This seems to suggest a way to conduct large scale farming without having to till the earth, which greatly reduces the fuel needed to farm. Fast forward a bit, and now we have GMO crops that survive occasional applications of this new miracle herbicide. And then there's the unregulated application of this new herbicide on wheat. Because Profit.. And it seems to be everywhere.
Sadly, many forms of animal life that come in contact with Monsanto's creation get cancer, have the epithelial lining of their intestines die, and get misdiagnosed as having Celiac disease. And those that aren't so lucky end up morbidly ill and dying prematurely due to complications of a diet high in high fructose corn syrup (high cholesterol, heart disease, etc.)
Now connect the dots... stay with me here:
GMO foods today have their origin in a lack of energy and environmental planning. These are contributing to CO2 levels and a whole collection of ensuing health and environmental disasters.
Stop spewing carbon, stop processing food with short sighted techniques that result only profit for some and misery and death for most. And please realize that messing with plants has the potential to cause death and misery on a truly global scale. Do you really want to go there, for profit?
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Re:How do you know it's more expensive?
Your matching 401k (where your employer matches what you put into it) is a pre-funded pension. The full amount of the company's obligation leaves the company's control as soon as you've fulfilled the obligation (worked for a month). If the company goes bankrupt, it doesn't affect your 401k, unlike what nearly happened to GM. When they were in danger of going bankrupt, all their pensioners were in danger of losing their pension. Which would've ended up turning them into bottom-priority creditors who would likely only collect pennies per dollar they were owed. That can't happen with a wholly pre-funded pension where the pension is spun off into a separate entity.
The USPS pension pre-funding requirement was created to prevent the situation California is in. For decades, the state and local government underfunded pension obligations, instead relying on overly optimistic projections of future returns on fund investment to create the illusion that the pensions were adequately funded. As the decades of underfunding built up, the delta between the actual funding and the illusory projected funding grew more and more, until eventually it became impossible to pretend the amount of money in the funds would be enough the pay for all the promised pensions. This has resulted in the paradoxical situation where taxes and tax revenue are going up, but the budget has to be cut - because the extra money is going into paying up those underfunded pensions. Basically, all the money they spent on other things besides pensions in the past, they're having to pay back into the pensions now (past generations stole from the current generation).
The USPS pension pre-funding requirement is basically "if you promise you'll pay someone in the future, put aside enough money now to pay for it." That the requirement has been onerous to the USPS is just an indication that the pension had been underfunded for the past decades. If they'd been keeping up with their pension funding instead of relying on wildly optimistic fund growth estimates to make it look like it was adequately funded, then the USPS wouldn't have had to pay any more than they already were. In other words, if the requirement wasn't hurting the USPS, then that would be evidence that the requirement wasn't needed. But the fact that it is hurting the USPS is evidence that the requirement was needed to halt financial mismanagement before it ballooned into an even bigger problem in the future. -
Re:Yeah, driving around...
Neither of these companies are actually producing an actual vehicle.
I'll just leave these here for you to view later...
Tesla’s new electric Semis make their first cargo deliveries
You're welcome!
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Re:bah
Considering
* back in Feb. 2018 that Amazon's market cap was at $702.5 billion compared to Microsoft's at $699.2 billion (beating MS for the first time),
* but in March 2018 Amazon was at $684.3 billion compared to Microsoft's $692.4 billion
... ... yeaaaah, about that, Amazon buying Microsoft isn't going to happen anytime soon. -
Re:No incentive for the hospital
And yet,
States consider bringing prescription drugs from Canada to US as costs soarSovaldi [a hepatitis C drug], is a good example of how prices can vary between countries. In the US, a course of Sovaldi lasts 12 weeks and costs $90,000 US retail.
American insurers typically negotiate a discount of 41%, according to a Bloomberg News analysis. That puts the cost of the drug at $17,700 a month in the US.
But in the United Kingdom, that drug costs $16,770 a month, and in Canada $14,493.
For an even more dramatic example, consider Gleevec, a leukemia drug. It costs $10,122 in the US, $2,645 in the UK, and $2,420 in Canada.
“Our Medicaid drug prices, particularly for specialty drugs, are way over the top,” said Lyons. “So, we’re trying to identify those drugs where the cost has escalated in the past few years, or the payment per dose is very high as compared with Canada.”
...Americans pay on average three times more than British people for top-selling prescription drugs.
How many people have to pay the retail price?
Average foreign-to-Canadian price ratio for patented drugs as of 2016
It looks like the drug companies charge what they like because the market in the US is fixed.
Are Canadian Pharmacies the Solution to America's High Prescription Drug Prices?This is what’s at stake if U.S. drug prices fall — and Europeans don’t pay more
Our calculations suggest that the U.S. market accounts for as much as 78% of all global drug profits. These are the profits that drive innovation, and they are coming out of American wallets.
Why does this happen? Branded prescription drugs are 20% to 40% cheaper in Europe in large part because the national health plans there drive hard bargains. The state-run buyers can impose price caps, or even refuse to allow a drug onto a national formulary if they think it is not worth the cost.
Bargaining does occur in the free-market U.S., but not nearly in such draconian terms. Medicare was expressly forbidden from bargaining when the drug benefit was added during the George W. Bush Administration. If the Food and Drug Administration approves a drug and a physician prescribes it, Medicare will almost always cover it. Private insurers and pharmacy-benefit managers can usually negotiate down from sticker prices, but they typically don’t have the European-style ability to broadly deny access, which is the big bargaining chip.
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Breaking Tesla news
Tesla to recall 123,000 Model S cars over faulty steering.
https://www.marketwatch.com/st... -
Breaking Tesla news
Tesla to recall 123,000 Model S cars over faulty steering.
https://www.marketwatch.com/st... -
Re:Stupid Whitey
Are you sure about that?
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Re: Fix it with some careful regulation
Total manufacturing output in America has been steadily rising. Jobs, however, have been falling, as the average manufacturing worker is now more productive.
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Re:Statistics are fun.
I think you might want to re-evaluate that first statement. It's like all of them. It's not if, but when:
Brick Layers:
https://www.marketwatch.com/st...
Bridge Building:
https://www.engineering.com/Ed...
Concrete homes:
https://qz.com/924909/apis-cor...
Flat Concrete: Look for the automated one
https://www.forconstructionpro...Shoes:
https://www.recode.net/2016/9/...
Clothing:
http://www.deviceplus.com/conn...Electricians and plumbers might fair better for a while as well as seamstress's, but it's coming. Car repair might take a little while also, but look at where automotive building has gone in the last 100 years.
And how long before this one can pick up it's own tire?
https://www.youtube.com/watch?...Times are changing. The only safe jobs are with the Amish.
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Flog that dead horse
Actually iPhone X sales turned out to be Xceedingly good.
So what was that you were saying again? Oh that's right, just like most Apple Haters you are about three years out of date with reality and are just posting to make yourself look like an idiot.
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Re:BUT losses were better than WS expected.
Here is the main one.
Here is BI
Here is CBS
Here is Market Watch.
Here is WSJ
In fact, other than Faux News, BreitBart, and Daily Stormer, they all say the same thing. That yes, Tesla had losses but not as much as forecast some time ago. -
Re:The city is short on money...
If you weren't busy being so obtuse, you could have looked up the fact that the tax is actually 1.75 cents per ounce, making the total percentage vary between beverages based on the original cost. But hey, it's easier to shitpost, amirite?
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Last perpetual license
Unless something has changed recently, MP3 doesn't support DRM. In fact most of the audio sound formats I've encountered don't support DRM. It's not like the case with movies, where the "video file" format is actually a container containing a video file, audio file, subtitle files, chapter index, etc, and you can insert all sorts of funny ways and conditions to play it. Pretty much all the music audio file formats I've encountered are just straight audio files - compressed, but not encrypted.
The bigger loss is that CDs, being a physical format, carried with them a perpetual license. You could bequeath your CD collection to your children upon your death. The license agreement terms for most online music/movie purchase services grant you a non-transferable license. That is, your "ownership" of the content you've "purchased" expires upon your death. The only way to allow your heirs to inherit your music or movie or ebook or game collection is to break the EULA and share your login and password with them before you expire.
I expect this will be hashed out in court over the next 40 years, as the "loss" of a loved one's or relative's online media collection upon their death becomes more commonplace. People will challenge it, and the courts will have to decide if that's really how we want online "purchases" of copyrighted media to work. In the meantime, you can completely bypass the content industry's attempts to erode our ownership rights of things we've paid money for by purchasing CDs. (Or by pirating stuff - though "pirating" is probably not the right word when it's done to take back rights we should have had from the beginning.) -
I wish the U.S. had a fully functional government.
"Seriously, how is this joke of a company still allowed to do business?"
Some links, if you haven't been following the story:
Equifax hired a music major as chief security officer and she has just retired.
Equifax Faces Mounting Costs and Investigations From Breach.
The Equifax Breach Was Entirely Preventable
Equifax's data breach sins live on to this year's tax season
Equifax, Fox, NFL top report of most-hated U.S. companies
You Can't Fire Equifax, but Your Employer Can. Mine Just Did.
Senators want 'massive' fines for data breaches at Equifax and other credit reporting firms
Thanks to Equifax, the risk of fraud is higher this tax season
This Will Make Equifax Think Twice About How They're Protecting Your Data
"If this policy had been in place during the Equifax breach last year, Equifax would have paid at least a $1.5 billion penalty, half of which would be returned to consumers affected by the breach." -
Re:Cost of Story
Not to be a
.... penis about editorial decisions, but I'm wondering how this was deemed either news for nerds or stuff that matters?All animals are equal, but some animals are more equal than others. -- George Orwell, Animal Farm
Wage increases reported by highest number of companies in 18 years, survey finds
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You're too stupid to make informed decisions!
You're not smart enough to make an informed decision yourself!
You can't decide whether a completely waterproof design is worth having a non-replaceable battery!
We're the government! And we know what's best for you!
Now, pay a ludicrous tax on your soda, and no, you can't have a drinking straw!
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Re:Apple is getting fat and lazy
Without a visionary in charge, the company cuts corners and is losing major ground in 2018. If I owned Apple stock it'd be sold today.
The best thing that could happen to Apple (and to Apple users) is if Elon Musk took control of Apple without him losing any influence at Tesla or SpaceX.
These companies are a good fit, really. Tesla would have Apple product design power and Apple could benefit from someone clearly on Steve Jobs' visionary and operational level.
Something like this or similar: https://www.marketwatch.com/st...
Stupid. Fucking. Hater. Die Hater, Die!!!
From TFS, this Vulnerability has likely been around since 2002. Steve Jobs didn't die until late 2011.
So, what in the FUCK does the loss of a "visionary" have to do with this Exploit?
Answer: Abso-lutely FUCKING NOTHING!!!
So, go Hate somewhere else, Moron! We're busy here...
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Apple is getting fat and lazy
Without a visionary in charge, the company cuts corners and is losing major ground in 2018. If I owned Apple stock it'd be sold today.
The best thing that could happen to Apple (and to Apple users) is if Elon Musk took control of Apple without him losing any influence at Tesla or SpaceX.
These companies are a good fit, really. Tesla would have Apple product design power and Apple could benefit from someone clearly on Steve Jobs' visionary and operational level.
Something like this or similar: https://www.marketwatch.com/st...
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Re: A politician lied?
The FDA doesn't have legal authority to regulate or certify supplements
And the supplement industry spends lots of money to ensure it stays that way. I wonder why?
https://www.fda.gov/ForConsumers/ConsumerUpdates/ucm153239.htm
https://www.consumer.ftc.gov/articles/0261-dietary-supplements#supplementssafe?
https://www.marketwatch.com/story/dietary-supplements-a-37-billion-a-year-boondoggle-2016-01-22
https://www.webmd.com/diet/features/truth-behind-top-10-dietary-supplements#1Now of course I'm not saying all dietary supplements are fraudulent. I'm just saying its not always easy to tell which ones are fraudulent and which ones are not since they aren't regulated by anything beyond the amount of dollars they can convince you to spend.
And of course that's not even considering that many of the not-technically-fraudulent ones may simply be doing little or nothing for you and are effectively just an expensive placebo.
And even then many of the ones that might be theoretically useful are only beneficial if you have a bad diet to start with and actually need to supplement whatever chemicals your body isn't getting enough of -- but you claim to be eating well so that also shouldn't apply to you. For example if you're getting sufficient vitamin C and you take a vitamin C tablet.. its basically just going to go straight from your mouth to your bladder and out again without doing you any good whatsoever (but also no real bad in that case.. too much of some vitamins and minerals are as bad or worse than not enough so even more things to be careful of!)
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Re:The 9/11 attack cost something like $250k
If $125k worth of ads on FaceBook really had such a massive impact (and please cite any reputable source that shows facts on that happening), then perhaps it is time to introduce an idiocy test before being allowed to vote. If you get all your news from FaceBook or spend more than 15 hours a week on FaceBook/SnapChat/Twitter then perhaps you shouldn't be allowed to vote.
Or if you can't spot at least 50% of which articles are fake in a pool of say 12 articles then you don't get to vote.
Or better yet, if your annual tax filings are 0 or negative (yes some people get more money back than they pay in) then perhaps you also shouldn't be allowed to vote since you have no actual skin in the game. As soon as the tipping point is reached (which isn't too far away) that more than 50% of the voters are those who always vote a socialist agenda to take away from one group to give to another, then the nation is headed for collapse. As Margaret Thatcher put it:
SOCIALIST GOVERNMENTS TRADITIONALLY DO MAKE A FINANCIAL MESS. THEY ALWAYS RUN OUT OF OTHER PEOPLE’S MONEY. It’s quite a characteristic of them. They then start to nationalise everything, and people just do not like more and more nationalisation, and they’re now trying to control everything by other means. They’re progressively reducing the choice available to ordinary people.
And you get socialist governments by having an il-informed electorate who are easily manipulated into voting one in by constantly saying things like "how is the government going to pay for that tax cut?" - how about maybe STOP SPENDING SO MUCH? - or "that will only benefit the rich". Of course it benefits the rich because 45% of Americans pay no federal income tax so a cut from 0 is 0.
In contrast however the other half pay 97.3% of all taxes with the top 5% of earners carrying a whopping 59.97% of the tax burden but only controlling 35% of the income. So of course a tax cut benefits the wealthy because they're the ones actually PAYING TAXES. But you ask any of these idiots who were supposedly swayed by Russian ads about these facts and they'll spew the Democrat/US Media propaganda about how the rich "don't pay their fair share". I haven't heard that those lies were part of any Russian ads, so who really is interfering in US elections by spreading fake ads and news stories?
Hell, if that minuscule amount of spending by the evil Russians had such a great impact that it overpowered almost a billion dollars in spending and full cooperation from 90% of all media outlets, then the Russians should start a 5th Avenue Advertising firm and they'd end up controlling the entire world without firing a shot. After all their mere $120k+ investment apparently completely changed the outcome of an election in the United States whereas Obama's $350k interference had no impact on the Israeli election.
Maybe that is why there is so much supposed anger over the Russians involvement because they apparently showed how incompetent Obama was (again) by spending less than half what he did.
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Wow! Equifax.
Wow! That's amazing. The title at that link: Equifax hired a music major as chief security officer and she has just retired.
Equifax Faces Mounting Costs and Investigations From Breach.
The Equifax Breach Was Entirely Preventable
But still, the Intel and Microsoft spyware seems more destructive. -
You didn't say within my own company.
Biggest one I've seen is -- duh.
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Re:The Idle Rich
Apparently, he does - since you refused to actually read what he said, and simply want to push your class-warfare nonsense...
It's not my class-warfare.
Here's a link to his exact quote:
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Is this Playful Elon or High Elon?
A while back, Elon tweeted something about having a quiet evening with some wine and ambien. Fortunately, Elon is wealthy enough that someone else is probably driving if he has to go anywhere under this mix. Elon has also commented that he could be bipolar.
So, sometimes one wonders if Elon is just toying with us, or if he's high.
I think there's one very good thing about this recent spate of announcements and the self-designations that some of them are fake. There was a certain class of young Elon Musk fan (I'm looking at you, Reddit
/r/spacex) who didn't believe that Elon Musk lied. No, I'm not kidding. I just figure that all corporate executives lie and that it's part of the job, but not those young fans. But now, Elon seems to be putting out enough consciously conflicting messages that some of them will turn out to be lies, and the fan base can adjust its adoration accordingly.I do think he's done a whole lot of great things. And I think you need someone like him to do them.
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Two Thirds of Americans Don't Understand Ownership
Two thirds of United States Citizens (aka Americans) rent their houses, lease their cars, make frivolous purchases on credit, are unable to balance their checkbooks, and leave nothing of monetary or cultural value to their progeny.
The other third buys and eventually pays of their house, owns used cars outright, has no revolving credit, saves for retirement, and leaves their music and video collection to their children.
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Re:Fine employees
Actually, it is the situation in the USA. Unemployment in America is at 4.1% while 5% is considered "full employment". Anyone capable of working can find a job, although they may need to move.
The U-3 unemployment rate is not meaningful, and even the U-6 is inadequate (this is by design.) The current U6 unemployment rate as of October 2017 is 7.90. Tell us again about "full employment", please.
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Re:Verification
Do I need to bring out the chart? The chart is pretty good.
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Those are cooked (non-GAAP) numbers
"Equifax admitted that profit declined 28% from a year ago. However, after wiping away the $87.5 million in costs of the data breach for its adjusted earnings metric, Equifax was able to claim a 6% gain in profit and beat average analyst estimates. Equifax’s adjusted earnings are nothing new for it or thousands of other companies. MarketWatch has shown repeatedly how companies use adjusted earnings to make their results appear better than they actually are... the company stripped the charges from a non-GAAP earnings figure that it provided, which allows Equifax to claim that profits are growing even as it takes a hit from the data breach. https://www.marketwatch.com/st...
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Re: Regardless of any warning
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Re:100% stealth
They are so secret, you can not even buy shares: https://www.marketwatch.com/in...
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Already downplayed
The Japanese car majors are reporting "no problems" with Kobe aluminum they've tested from the past three years. Japan Rail has said similar about undercarriage parts. There are more years, more metals and more manufacturers involved, but the pattern is clear; these issues will be pencil whipped. There is margin for error engineered into transportation products and no one is going to rip up the floor boards over paper work unless there is a demonstrative problem.
Right or wrong that's how it will be.
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Re:There is only one valid reason for this switch
And get spied on by NSA
....Nah dawg, everyone knows the NSA can't climb trees