pdxfed

joined 2 years ago
MODERATOR OF
[–] pdxfed@lemmy.world 8 points 1 day ago (9 children)
[–] pdxfed@lemmy.world 5 points 1 day ago

Great connection to history. They have been eating the seed corn for decades.

[–] pdxfed@lemmy.world 10 points 2 days ago

SpaceX IPO that was "fast tracked" for inclusion in the NASDAQ 100 is exit liquidity for the early investors and musk(S&P500 was also going to change rules until uproar and 2 days ago announced they weren't waiving rules of profitability, tenure, etc.). Value yourself at some bullshit and force the public to buy your shares by inclusion in the most popular index fund who are required to weight their holdings based on market cap of your stock and buy shares to mirror index.if the company were so valuable and amazing with future growth prospects why would any insiders who already have pre-IPO shares want to sell? To cash out and/or de-risk is the only answer, and the general public's retirement will fund it. It's the same reason Trump is pushing the FTC to allow riskier assets like crypto and private investments in 401k accounts; exit liquidity for the current holders, most of whom know their investments are shit. Who better to buy them than index funds and the general public by limited choice in 401k fund options?

If any of this sounds familiar, it's the same playbook as the great recession/"financial crisis", when the rich elite suddenly required rescuing and backing of the US gov because their greed didn't offer an out. Suddenly the public's problem when they would have to take a loss.

[–] pdxfed@lemmy.world 6 points 2 days ago

Thanks, traveling and hadn't seen the s&p update. Looks like NASDAQ's fast track is still on.

[–] pdxfed@lemmy.world 18 points 2 days ago (2 children)

SpaceX IPO that is being "fast tracked" for inclusion in the S&P500 is exit liquidity for the early investors and musk. Value yourself at some bullshit and force the public to buy your shares by inclusion in the most popular index fund who are required to weight their holdings based on market cap of your stock and buy shares to mirror index.if the company were so valuable and amazing with future growth prospects why would any insiders who already have pre-IPO shares want to sell? To cash out and/or de-risk is the only answer, and the general public's retirement will fund it. It's the same reason Trump is pushing the FTC to allow riskier assets like crypto and private investments in 401k accounts; exit liquidity for the current holders, most of whom know their investments are shit. Who better to buy them than index funds and the general public by limited choice in 401k fund options?

If any of this sounds familiar, it's the same playbook as the great recession/"financial crisis", when the rich elite suddenly required rescuing and backing of the US gov because their greed didn't offer an out. Suddenly the public's problem when they would have to take a loss.

[–] pdxfed@lemmy.world 23 points 3 days ago

🤌🍾🌈👌🤤😂

[–] pdxfed@lemmy.world 2 points 3 days ago (1 children)

Where can one read more about that?

[–] pdxfed@lemmy.world 4 points 3 days ago

I the cumulative increase up a few years ago by going to PGEs deliberately difficult to navigate rate sheet and pulled it together for myself and it was 70% compunded from the original base rate, their math is low if they're actually trying to measure the impact vs. a baseline. I wonder if these clowns ignored the compounding effect?

A 15% increase followed by a 20% increase is not a combined 35% increase from a baseline, it's 38%. Basic fucking compounding(1.15*1.2). The more you run sequential increases the more the difference grows. Doubtless those are the numbers PGE and other utilities would hope regulators and news people would use when provided...

[–] pdxfed@lemmy.world 3 points 3 days ago* (last edited 3 days ago) (4 children)

What is the Oregon tie-in to war profiteering/Hitler? I'm aware of some of the businesses still selling in Nazi Germany like Coke(origins of Fanta), but I've never heard of Oregon called out specifically/notably during WWII out of all the US states?

 

Not eaeth-shaking case of precedent but a nice reminder of why legal systems exist and why many have become disengaged by them.

cross-posted from: https://lemmy.world/post/47186075

 

https://lemmy.world/post/46959884

I opened this thread and clicked the image to zoom and it was all blurry. I thought the Op had out in. Low quality image to the post but when I clicked and downloaded the image and opened it, the image was much higher quality.

Is this someone using the "thumbnail" field in the post feature which maybe isn't used that often which is why it hasn't come up for me before? I'm no fediverse expert, is it someone cross posting from another linked site or app and that's why it's displaying differently?

Just strange to have such a low quality image when clicking on the image to view vs. downloading a higher res version.

TIA

 

The contrast of career banker adults who have aggrandized the exploitation of foreign soil and peoples, usury, debt with that of innocent children (and the average person who wants nothing to do with the above) is a sterling (pun intended) takedown of banking.

Extra, that you probably already knew, Dick Van Dyke, who also played Burt the chimney sweep and common man character in the movie, portrays the elderly bank director here in the same movie. A front runner to Sellers and Carrey's multitudinous talents.

 

Oregon is often listed as a "progressive" state, but in fact, has failed to keep up or institute some worker, job and wage pieces and are embarrassingly behind as of 2026:

  • Washington and California both have statewide minimum salaried/exempt wages. As of 2026, the minimum annual salary an exempt(salaried) WA employee can be paid is $80,168.40, and in CA it's $70,304. WA's bill is particularly progressive and in the last 3 years has caught up to and now passed CA for the required state salaried minimum. New York, Maine and Colorado also have salaried minimum thresholds. Meanwhile, Oregon has...nothing for salaried/exempt employees and only toes the Federal line, current still at $35,536 since 2019 when a Texas lawsuit and corrupt judge clawed back an Obama increase to $47k. More on that history across presidential administrations since 2004 here but at any rate, it's embarrassing Oregon hasn't moved on this despite Democrats having total control--easy to see who pads their pockets.

  • Oregon has no job posting salary disclosure requirements. Both CA and WA have required job posts to have the salary range in them as of 2023. Oregon, continues to provide employers the benefit of darkness where inequality pervades and employees invest the time and effort in application to jobs where by the time an employer may disclose the salary the grip of sunk cost may not leave the candidate with other options. This is embarrassing and could be easily fixed, the only people advocating against this are greedy, or incompetent--even a basic passage of this is not hard and decent employers already do it as they don't want to waste candidates' or their own company time.

 

Yell at your local governments to stop flushing money on tax breaks.

 

Pharma manufacturer Gilead making available at cost (2 million doses in most needed countries) while generics are developed and can later be distributed. Decent play from a Pharma company.

 

Help me understand the administration angle here. I mean, obviously, it disenfranchises American workers and corps have been abusing it for 30nyears now, no news there. Is it to pressure concessions elsewhere from tech companies as the corporate-technofascist state solidifies?

Here's an article from 2022 about how when working in VC he of course invested in companies that proscribe to the visa abuse practices he's railing against: https://www.axios.com/2022/04/22/jd-vances-investments-made-use-of-h-1b-visas-he-opposes

Is the snake eating it's tail here? Is the left hand slapping the right hand? TF.

 

Even with all those incentive dollars, tax breaks, and innumerable concessions this will always be what happens. Governments are captured by corporate money, power and influence and then governments give away the people's wealth and corporations take.

 

Hello, would love to see the option to mute/filter posts by some criteria, e.g. down vote score of -10 or greater.

Down voting is supposed to make bad content less visible, it would be nice to allow users to not see troll, bot and other low quality posts based on their preferred criteria.

 

The Melo pick, while not surprising, is disappointing. I can't think of many players who did less with his talents and the situations he had. I had hoped that the NBA would stop honoring chuckers after the 90s; the last 10 years has seen the true elevation of "team" ball, San Antonio in 14/15 and GS for their stretch (and I'd argue Boston's failed few years showed you simply cannot win with hero ball and no defense and when Tatum finally stopped trying to be Kobe they finally won but I'm not here to argue about Boston).

Melo was never able to put aside his ego, arrogance or ignorance and learn to be part of a system on offense, let alone defense which he showed consistent contempt for. The closest he got to competing was in Denver--and that was mostly thanks to Chauncey and over-performances by most of the rest of the team. He immediately took that great team and opportunity and decided to get a bag instead, moved to NY and took himself out of competitive basketball in hims prime so he could be a NY superstar and work on his brand and celebrity which Denver couldn't offer. He took less money to go to NY, and because he demanded a trade before his contract was up, it forced NY to give up most of the young talent they had--so he arrived to a historically struggling basketball city that had been building a nice young core that it had to gut to get him. I don't recall if they ever even made the playoffs with Melo. He should have been booed at every touch for his duration there.

Melo never wanted it in the NBA, shrunk in the big moments, never committed to any sacrifice nor leading by example...until he finally had a mini-renaissance with a reduce role on the Blazers--something had he done it years prior would have made him a wicked weapon as a 6th man, but with that ego it wasn't happening.

If Melo gets in, Bradley Beal should get it. Can score with their eyes closed but want no part of what it takes to win. Hopefully the last relics of a dinosaur era where stats didn't matter.


Howard did more and did enough. Intensely unlikable guy, and while his ring wasn't really "his", he played some nice support minutes to AD and added value and managed to keep his idiocy in check thanks to the bigger dogs having him on a leash. Howard deserves HOF in my book.

view more: next ›