http://www.templetons.com/brad/smalldarth.jpg
― BIG HOOS aka the steendriver, Tuesday, 1 July 2008 21:35 (fifteen years ago) link
I feel like this could go in the real estate thread too:
http://www.marketwatch.com/news/story/starbucks-pulling-plug-600-us/story.aspx?guid=%7b874B1409-ABC3-432E-85AA-4201C052948C%7d&dist=msr_1&print=true&dist=printMidSection
Remember when a coming-soon Starbucks was considered a sure sign that you should buy a condo in the neighborhood?
― Hurting 2, Tuesday, 1 July 2008 21:35 (fifteen years ago) link
The coffee-shop chain said both full-time and part-time positions will be eliminated but wants to transfer some of those employees affected to nearby stores. Starbucks shares jumped 6% in late trading.
Gotta love capitalism.
― Ned Trifle II, Tuesday, 1 July 2008 21:44 (fifteen years ago) link
I wish they would cut some horrid AAA singer songwriters from the HearMusic roster instead.
― Hurting 2, Tuesday, 1 July 2008 21:46 (fifteen years ago) link
yeah, just trash their contract with antigone rising and save a few baristas' jobs.
― Eisbaer, Tuesday, 1 July 2008 22:14 (fifteen years ago) link
For . . . the Dow Jones industrial average, which dropped 14.4 percent in the six months through June 30, it was the poorest start to a year in nearly four decades.
http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSN3041264220080630?feedType=RSS&feedName=rbssFinancialServicesAndRealEstateNews&rpc=22&sp=e
― kamerad, Tuesday, 1 July 2008 22:25 (fifteen years ago) link
-- Ned Trifle II, Tuesday, 1 July 2008 21:44 (Yesterday) Link I know right? Lol at tiger economies. Is anyone at all considering the word 'sustainability'?!
― VeronaInTheClub, Wednesday, 2 July 2008 01:01 (fifteen years ago) link
Anyone? Oh, yes. Many millions are considering this idea.
Several billions are not, especially those who control big financial investments. They only want to be richer at the end of the quarter. By year's end at the latest.
― Aimless, Wednesday, 2 July 2008 01:42 (fifteen years ago) link
Several billions are not, especially those who control big financial investments. They only want to be richer at the end of the quarter. By year's end at the latest. Yeah thats who I was calling out, fuckers do not give a what. I've heard some people talk of participatory economies and localising stuff? On a local scale that might work...
― VeronaInTheClub, Friday, 4 July 2008 01:45 (fifteen years ago) link
I mean on a 'small scale'
― VeronaInTheClub, Friday, 4 July 2008 01:46 (fifteen years ago) link
Well, you can certainly throw a chip or two (of your personal expenditures) on the pile of your local economy. I do this. Just an hout ago I sent to pick up this week's vegies from a local farm, a CSA, about five miles from my house.
All you can do is try. By this thime in my life, I have most of my basic needs already met, so it's easier for me than for someone just starting out. But, in the not so distant future, transport costs will be a much larger part of any item's price tag, so buying local will make more economic sense than it does today.
As life changes radically in the next couple of decades, all these trade-offs will become more obvious.
― Aimless, Friday, 4 July 2008 02:35 (fifteen years ago) link
Sometimes I find myself a little bitter cause it's like dammit why didn't I get to be born in the less-worrisome hooray fuckoff let's use up everything era?
But of course that wouldn't have made unsustainable living OK anyway. And anyhow I'm here and not there. Go to life with the lot you've got.
― BIG HOOS aka the steendriver, Friday, 4 July 2008 03:45 (fifteen years ago) link
Well, unless anyone here was born in the 40s, that pretty much applies to us all. And don't worry in a few years it'll bounce back and everyone will be out maxing the credit cards again, filling up the humvee and saying 'well that wasn't so bad' AND IT WILL NOW NEVER HAPPEN AGAIN so we don't need to worry.
― Ned Trifle II, Friday, 4 July 2008 07:12 (fifteen years ago) link
here's hoping!!
― BIG HOOS aka the steendriver, Friday, 4 July 2008 07:15 (fifteen years ago) link
And don't worry in a few years it'll bounce back and everyone will be out maxing the credit cards again, filling up the humvee and saying 'well that wasn't so bad' AND IT WILL NOW NEVER HAPPEN AGAIN so we don't need to worry
As long as you don't want to use continually debased western currencies to pay for imports like food and oil that is.
― Kondratieff, Friday, 4 July 2008 11:45 (fifteen years ago) link
And don't worry in a few years it'll bounce back and everyone will be out maxing the credit cards again, filling up the humvee and saying 'well that wasn't so bad'
I don't know if that's really going to happen.
― Tracer Hand, Friday, 4 July 2008 11:48 (fifteen years ago) link
ca 1985:
"If the rest of the world lived like Americans did, we'd need x times as much oil, and x times as much food as the entire planet is capable of producing!"
"Hahah OMG that is crazy. jeez"
― Tracer Hand, Friday, 4 July 2008 11:49 (fifteen years ago) link
All Hail Malthus.
― Ed, Friday, 4 July 2008 11:49 (fifteen years ago) link
Malthus was proved wrong by the continually increasing ability of technological advances in food production and efficiency to provide for the world's population. With the end of the oil era - and the end of all those petrochemicals that make food production so cheap - don't you think Malthus might end up being sort of right in the end?
I mean, I think it can't be repeated enough that Western standards of living rely fundamentally on inequality with the rest of the world. As justice grows, Western incomes and access to resources will shrink.
― Tracer Hand, Friday, 4 July 2008 11:52 (fifteen years ago) link
In the end maybe, but even with today's technology we can dramatically increase efficiency even if we don't increase production of anything.
Your second paragraph is OTM.
― Ed, Friday, 4 July 2008 11:59 (fifteen years ago) link
I mean, I think it can't be repeated enough that Western standards of living rely fundamentally on inequality with the rest of the world.
Yes with regards to resources. But this is verging on the development as zero-sum game fallacy.
― lukas, Friday, 4 July 2008 13:35 (fifteen years ago) link
Not so sure of that. It is entirely possible to achieve a better standard of living, right around the world, using less resources.
― Ed, Friday, 4 July 2008 13:36 (fifteen years ago) link
-- Tracer Hand, Friday, July 4, 2008 11:48 AM (7 hours ago) Bookmark Link
Right. I, and I assume Aimless, were being sarcastic.
― BIG HOOS aka the steendriver, Friday, 4 July 2008 19:16 (fifteen years ago) link
hey guess what just news cycle the fact that it now costs $160 to fill up a GMC Yukon did not stop the financial sector from being in a fuck ton of trouble
what's the trickle-down from lehman and bear stearns getting killed? how long can merrill lynch and fannie/freddie drag out putting their losses on the books?
― El Tomboto, Tuesday, 8 July 2008 05:35 (fifteen years ago) link
-- BIG HOOS aka the steendriver, Friday, July 4, 2008 7:16 PM (4 days ago) Bookmark Link
I don't think Aimless was being sarcastic. I hope he wasn't. I on the other hand was.
― Ned Trifle II, Tuesday, 8 July 2008 07:44 (fifteen years ago) link
hello all. just thought i'd stop by to share the bizarre info that we were up considerably in June from last year, and are WAY up so far from last year's July as well.
i think this may just be proof that A) idiots are actually spending those stupid rebate checks and B) musicians are by and large, idiots. so don't get your hopes up.
― BLACK BEYONCE, Tuesday, 8 July 2008 08:07 (fifteen years ago) link
I was just thinking about Malthus the other day, and how he probably never would have guessed that as affluence increases, the birth rate decreases AND consumption increases by an degree that more than makes up for it.
― Hurting 2, Tuesday, 8 July 2008 13:32 (fifteen years ago) link
A lot of the 19th century economists (or at least the first half of the century or so) never really got to grips with Humanity's ability to manufacture demand.
― Ed, Tuesday, 8 July 2008 13:41 (fifteen years ago) link
Well, that's still good news, BB.
PS You don't need proof that musicians are by and large stupid. Next you'll try to prove to me that there cannot be more than everything.
― Fluffy Bear Hearts Rainbows, Tuesday, 8 July 2008 13:57 (fifteen years ago) link
I wonder when Obama will get around to this topic -- once all the faith-based groups are funded?
― Dr Morbius, Tuesday, 8 July 2008 14:07 (fifteen years ago) link
They're doing even more funding of that right now!
― Ned Raggett, Tuesday, 8 July 2008 14:12 (fifteen years ago) link
obama on economy and bankruptcy today:
http://www.time.com/time/politics/article/0,8599,1820883,00.html
― akm, Tuesday, 8 July 2008 14:15 (fifteen years ago) link
WE GONNA DIE
― Eisbaer, Wednesday, 9 July 2008 19:50 (fifteen years ago) link
Now what.
― Ned Raggett, Wednesday, 9 July 2008 19:51 (fifteen years ago) link
(the dow, the nasdaq, and the s&p 500 all dropped more than 2% today)
― Eisbaer, Wednesday, 9 July 2008 20:00 (fifteen years ago) link
Boohoo.
― Ned Raggett, Wednesday, 9 July 2008 20:11 (fifteen years ago) link
maybe I'll just stop the 401k nonsense and party hard.
― Dr Morbius, Wednesday, 9 July 2008 20:13 (fifteen years ago) link
TAKE THE HIT
― Tracer Hand, Wednesday, 9 July 2008 21:26 (fifteen years ago) link
-- Ned Raggett, Wednesday, July 9, 2008 4:11 PM (Yesterday) Bookmark Link
i'm glad that you read this thread, ned, because this story about cheap jones beach concert tix may amuse you.
:-)
― Eisbaer, Thursday, 10 July 2008 15:55 (fifteen years ago) link
and if not that story, then my shitty linking abilitiesmight ;_;
The only reason to be concerned with one-day stock gains/losses is if you're about to buy something or about to sell something.
― Hurting 2, Thursday, 10 July 2008 17:46 (fifteen years ago) link
Fannie Mae and Freddie Mac to be bailed out by taxpayers?
― scott seward, Friday, 11 July 2008 02:24 (fifteen years ago) link
me
― Maria :D, Friday, 11 July 2008 02:24 (fifteen years ago) link
http://www.youtube.com/watch?v=XHNpSDSbjTg
"Oh my God."
― El Tomboto, Friday, 11 July 2008 03:24 (fifteen years ago) link
are you putting out a buy?
― Maria :D, Friday, 11 July 2008 03:27 (fifteen years ago) link
"I- I- I- I- I- I-"
― El Tomboto, Friday, 11 July 2008 03:29 (fifteen years ago) link
the OFHEO dude who said they were "adequately capitalized" had better fucking pray he's right or I'm about to have to change this thread title to something more emphatic
― El Tomboto, Friday, 11 July 2008 03:31 (fifteen years ago) link
Holy mackeral, Freddie and Fannie both down 40% to open trading today.
― brownie, Friday, 11 July 2008 14:02 (fifteen years ago) link
Chart at the top of the page at this moment = yikes
― Tracer Hand, Friday, 11 July 2008 14:58 (fifteen years ago) link
my Dad just called me pissed off about this >:0
― bnw, Friday, 11 July 2008 15:17 (fifteen years ago) link