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NYTimes Connections - maryte - Jul 20, 2024 - 8:55am
 
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Trump - islander - Jul 20, 2024 - 8:46am
 
Project 2025 - Red_Dragon - Jul 20, 2024 - 8:44am
 
Wordle - daily game - maryte - Jul 20, 2024 - 8:38am
 
NY Times Strands - Bill_J - Jul 20, 2024 - 8:18am
 
Today in History - DaveInSaoMiguel - Jul 20, 2024 - 7:32am
 
Gardeners Photos - Isabeau - Jul 20, 2024 - 7:04am
 
COVID-19 - Isabeau - Jul 20, 2024 - 6:40am
 
Climate Change - Isabeau - Jul 20, 2024 - 6:39am
 
Things You Thought Today - Isabeau - Jul 20, 2024 - 4:11am
 
Gotta Get Your Drink On - Steely_D - Jul 19, 2024 - 8:42pm
 
Joe Biden - Steely_D - Jul 19, 2024 - 8:40pm
 
The Human Condition - oldviolin - Jul 19, 2024 - 7:43pm
 
favorite love songs - oldviolin - Jul 19, 2024 - 7:38pm
 
2024 Elections! - Steely_D - Jul 19, 2024 - 6:40pm
 
The Republican Convention - Red_Dragon - Jul 19, 2024 - 6:37pm
 
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What makes you smile? - Steely_D - Jul 19, 2024 - 5:02pm
 
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• • • The Once-a-Day • • •  - oldviolin - Jul 19, 2024 - 4:45pm
 
July 2024 Photo Theme - Summer - Isabeau - Jul 19, 2024 - 3:17pm
 
Russia - R_P - Jul 19, 2024 - 2:49pm
 
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Israel - R_P - Jul 19, 2024 - 9:49am
 
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Vinyl Only Spin List - hialtidude - Jul 19, 2024 - 6:58am
 
Republican Party - thisbody - Jul 18, 2024 - 11:03pm
 
Europe - thisbody - Jul 18, 2024 - 10:59pm
 
260,000 Posts in one thread? - oldviolin - Jul 18, 2024 - 8:43pm
 
Poetry Forum - oldviolin - Jul 18, 2024 - 8:40pm
 
Living in America - black321 - Jul 18, 2024 - 8:14pm
 
USA! USA! USA! - R_P - Jul 18, 2024 - 11:13am
 
Lyrics that are stuck in your head today... - oldviolin - Jul 18, 2024 - 10:28am
 
Jon Stewart interview - Steely_D - Jul 18, 2024 - 7:36am
 
kurtster's quiet vinyl - kurtster - Jul 17, 2024 - 7:45pm
 
What the hell OV? - oldviolin - Jul 17, 2024 - 2:04pm
 
Mixtape Culture Club - Steely_D - Jul 17, 2024 - 7:51am
 
Best Song Comments. - q4Fry - Jul 17, 2024 - 7:32am
 
Rhetorical questions - sunybuny - Jul 17, 2024 - 7:29am
 
Musky Mythology - Red_Dragon - Jul 17, 2024 - 5:47am
 
What questions would you like to answer for the world? - oldviolin - Jul 16, 2024 - 5:43pm
 
Democratic Party - Red_Dragon - Jul 16, 2024 - 4:48pm
 
Race in America - Red_Dragon - Jul 16, 2024 - 3:53pm
 
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China - thisbody - Jul 16, 2024 - 12:05pm
 
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Bear! - Beaker - Jul 16, 2024 - 6:43am
 
Favorite Quotes - Isabeau - Jul 15, 2024 - 3:43pm
 
Words that should be put on the substitutes bench for a year - Isabeau - Jul 15, 2024 - 12:25pm
 
The Truth About (Modern) Popular Music - Proclivities - Jul 15, 2024 - 8:18am
 
Please don't ban me, but: Taylor Swift... - sunybuny - Jul 15, 2024 - 4:55am
 
YouTube: Music-Videos - Beaker - Jul 14, 2024 - 3:51pm
 
Pernicious Pious Proclivities Particularized Prodigiously - R_P - Jul 14, 2024 - 12:52pm
 
Media Bias - Beaker - Jul 14, 2024 - 9:46am
 
what the hell, miamizsun? - oldviolin - Jul 14, 2024 - 7:51am
 
AH! There's an elephant in the room! - Red_Dragon - Jul 13, 2024 - 3:42pm
 
Outstanding Covers - DaveInSaoMiguel - Jul 13, 2024 - 12:49pm
 
Evolution! - R_P - Jul 13, 2024 - 10:34am
 
Eclectic Sound-Drops - oldviolin - Jul 13, 2024 - 10:23am
 
RP on Mac Just Stopped Working - tourtelot - Jul 12, 2024 - 9:35pm
 
Are they married yet? YES THEY ARE! - Manbird - Jul 12, 2024 - 2:51pm
 
Tech & Science - Manbird - Jul 12, 2024 - 2:46pm
 
Classic TV Curiosities - Proclivities - Jul 12, 2024 - 12:50pm
 
Ukraine - R_P - Jul 12, 2024 - 10:48am
 
Florida - miamizsun - Jul 12, 2024 - 7:05am
 
Regarding Birds - Jiggz - Jul 12, 2024 - 1:41am
 
Strange signs, marquees, billboards, etc. - thisbody - Jul 11, 2024 - 10:36pm
 
Photography Forum - Your Own Photos - KurtfromLaQuinta - Jul 11, 2024 - 2:05pm
 
Record Store Day - Proclivities - Jul 11, 2024 - 8:18am
 
Index » Internet/Computer » The Web » Economix Page: 1, 2, 3 ... 209, 210, 211  Next
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R_P

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Gender: Male


Posted: Jul 6, 2024 - 3:40pm

US federal budget crosses grim milestone as interest payments overtake defense spending
R_P

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Posted: Jul 5, 2024 - 11:20am

Political Unrest Worldwide Is Fueled by High Prices and Huge Debts
Economic turmoil is spreading across the globe, and the response has been protests, attempted coups and elections of far-right politicians.
Like a globe-spanning tornado that touches down with little predictability, deep economic anxieties are leaving a trail of political turmoil and violence across poor and rich countries alike. (...)

The causes, context and conditions underlying these disruptions vary widely from country to country. But a common thread is clear: rising inequality, diminished purchasing power and growing anxiety that the next generation will be worse off than this one.

The result is that citizens in many countries who face a grim economic outlook have lost faith in the ability of their governments to cope — and are striking back.

The backlash has often targeted liberal democracy and democratic capitalism, with populist movements springing up on both the left and right. “An economic malaise and a political malaise are feeding each other,” said Nouriel Roubini, an economist at New York University. (...)

“There is a problem of representation and discontent,” Mr. Guzmán said. “That is a combination that leads to social unrest.” (...)

Overall, Europeans have felt that their wages are not going as far as they used to. Inflation reached nearly 11 percent at one point in 2022, chipping away at incomes. Roughly a third of people in the European Union believe their standards of living will decline over the next five years, according to a recent survey.
Cue the usual scapegoats.
Bill_J

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Posted: Jun 8, 2024 - 5:25pm

 kurtster wrote:

Shrinkflation has finally gone too far.

Of all things, Q-Tips brand cotton swabs has greatly reduced the amount of cotton on the tips making them more of a dangerous pointy object than useful.

Another venerable trusted old brand, trashed.  Shoulda just left it it alone and raised the price. 



Maybe it's just that your ears are getting bigger. 
kurtster

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Location: where fear is not a virtue
Gender: Male


Posted: Jun 8, 2024 - 4:53pm

Shrinkflation has finally gone too far.

Of all things, Q-Tips brand cotton swabs has greatly reduced the amount of cotton on the tips making them more of a dangerous pointy object than useful.

Another venerable trusted old brand, trashed.  Shoulda just left it it alone and raised the price. 
R_P

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Posted: Jun 8, 2024 - 11:00am

 rgio wrote:
I assume we're talking about capitalism.  There is a definition beyond "the private ownership of the means of production and their profits"? 

Not really, but there is the tendency to call mixed systems capitalism as well.


Then the context (and article) is about (hallowed) pathological self-interest.
rgio

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Location: West Jersey
Gender: Male


Posted: Jun 8, 2024 - 9:22am

 miamizsun wrote:
a lot depends on how someone defines it as well


I assume we're talking about capitalism.  There is a definition beyond "the private ownership of the means of production and their profits"?  




Lazy8

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Location: The Gallatin Valley of Montana
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Posted: Jun 8, 2024 - 8:55am

 R_P wrote:
Noted anti-capitalist agitator Adam Smith had it right: "People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices."

(1/85)

Pity you stopped reading there. But, you know...context is hard.

He goes on to say:

"It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to their own interest. We address ourselves, not to their humanity but to their self-love, and never talk to them of our own necessities but of their advantages. Nobody but a beggar chuses to depend chiefly upon the benevolence of his fellow-citizens."
miamizsun

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Location: (3283.1 Miles SE of RP)
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Posted: Jun 8, 2024 - 8:16am

 black321 wrote:


It's the worst economic system there is...except for all the others humans have conjured



a lot depends on how someone defines it as well
black321

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Location: An earth without maps
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Posted: Jun 6, 2024 - 11:31am

 thisbody wrote:



It's the worst economic system there is...except for all the others humans have conjured

thisbody

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Location: all-pervading
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Posted: Jun 6, 2024 - 10:59am


R_P

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Posted: Jun 5, 2024 - 5:48pm

Noted anti-capitalist agitator Adam Smith had it right: "People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices."

(1/85)

Steely_D

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Location: Biscayne Bay
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Posted: Jun 5, 2024 - 12:29am

 black321 wrote:
.As for insurance inflation, how much cheaper would it be if geico, state farm etc...weren't running tv ads every 15 minutes? 

I’ve had USAA for decades (Dad was Chair Force) and a few years ago when they started running commercials I began to think it was time to switch. The product is so prevalent with the military, why would they need to advertise so globally to somehow capture the folks who are qualified to join - but haven’t heard of it? That’s gotta be a very small number. So it seems like a horrible business decision that can do nothing but cause a rate rise.

rgio

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Location: West Jersey
Gender: Male


Posted: Jun 4, 2024 - 1:15pm

 Isabeau wrote:
No climate change here man...  s/

We all hear facts and stats and data in support of things getting really hot really fast... but the fact that water temps in Florida reached 100 degrees last summer still makes me shake my head.  It's not "shoreline" water (a bay)...but still.

I've been in hot tubs at 103... 105... and had to get out.  100-degree ocean/bay/sea/lake water?  
Isabeau

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Location: sou' tex
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Posted: Jun 4, 2024 - 12:19pm

 rgio wrote:


This gets incredibly complicated... because storm counts, deaths, damage costs, etc. (the quantitative measures) can't embed the severity.   There are only "so many days" in a weather pattern per season, so while the number of hurricanes in Florida might not rise, the severity of them can significantly change financial impact/exposure.  

On top of all of that... insurance company employees enjoy unreasonably high compensation levels.  As I've heard Scott Galloway say a few times ... "if you meet someone average who seems to make a lot of money, they likely work in insurance" 

'just'
Heat related Deaths last Summer:
874   AZ
450   TX
226   NV
  84    FL
  83    LA

Many believe these numbers are lower than the reality.

No climate change here man...  s/
rgio

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Location: West Jersey
Gender: Male


Posted: Jun 4, 2024 - 10:51am

 black321 wrote:


you're talking about diversification...putting everyone in the pool to share the risk. this lowers cost by reducing variability...and one of the reasons why we need some type of universal health care. 
the cost of the risk is calculated using the probability of the event and the cost of the event. 
we know the cost of the even has increased, at least your 20% #, but I havent seen real data that shows how the probability of the event has changed. 
and i was being facetious (kind of) about the advertising. 



This gets incredibly complicated... because storm counts, deaths, damage costs, etc. (the quantitative measures) can't embed the severity.   There are only "so many days" in a weather pattern per season, so while the number of hurricanes in Florida might not rise, the severity of them can significantly change financial impact/exposure.  

On top of all of that... insurance company employees enjoy unreasonably high compensation levels.  As I've heard Scott Galloway say a few times ... "if you meet someone average who seems to make a lot of money, they likely work in insurance" 
black321

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Location: An earth without maps
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Posted: Jun 4, 2024 - 10:08am

 rgio wrote:

Insurance, for some asset classes, is very competitive.  It is... because there is so much money made.  How do you think Warren got soooooo rich?

The deflection to inflation is short-sighted and wrong.  Sure the cost of shingles and labor are a big part of the pricing, but when you need twice as many roofs repaired every month, the supply and demand for materials and people to use them will remain high. 

Insurance is based on 100% of the people supporting the financial needs of 1%.  If the need doubles to 2%... without any inflation ... it costs twice as much.  That's MUCH more expensive than a 20% increase in the price of lumber.




you're talking about diversification...putting everyone in the pool to share the risk. this lowers cost by reducing variability...and one of the reasons why we need some type of universal health care. 
the cost of the risk is calculated using the probability of the event and the cost of the event. 
we know the cost of the even has increased, at least your 20% #, but I havent seen real data that shows how the probability of the event has changed. 
and i was being facetious (kind of) about the advertising. 

rgio

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Location: West Jersey
Gender: Male


Posted: Jun 4, 2024 - 10:03am

 black321 wrote:
As for insurance inflation, how much cheaper would it be if geico, state farm etc...weren't running tv ads every 15 minutes? 

Insurance, for some asset classes, is very competitive.  It is... because there is so much money made.  How do you think Warren got soooooo rich?

The deflection to inflation is short-sighted and wrong.  Sure the cost of shingles and labor are a big part of the pricing, but when you need twice as many roofs repaired every month, the supply and demand for materials and people to use them will remain high. 

Insurance is based on 100% of the people supporting the financial needs of 1%.  If the need doubles to 2%... without any inflation ... it costs twice as much.  That's MUCH more expensive than a 20% increase in the price of lumber.


black321

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Gender: Male


Posted: Jun 4, 2024 - 9:19am

 kurtster wrote:

It is not climate change that is driving up the cost of home owners insurance. Primarily it is from the rapidly rising cost of building materials and labor as well as replacement costs for personal items.

The rise in cost of building materials is primarily driven by inflation and supply or lack thereof.  Construction labor is in extremely short supply driving those costs ever higher.

Anyone bought any drywall or plywood lately ?  If so, you know of what I speak.



Well yes, as RP commented, its a contributor.
Material costs have actually somewhat normalized, but labor rates are through the roof. The small business cos are really driving ridiculous inflation for home improvement.
For a 12x 14' deck, i received quotes from $18-$25,000. I calculated material costs from Home Depot at up to $4,000.  
To fix some concrete shingle tiles and add a few feet of flashing around gutters, no material costs, quotes up to $7,000. At most this was a 20 hour job for one person. 

As for insurance inflation, how much cheaper would it be if geico, state farm etc...weren't running tv ads every 15 minutes? 
R_P

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Gender: Male


Posted: Jun 3, 2024 - 5:19pm

 kurtster wrote:

It is not climate change that is driving up the cost of home owners insurance. Primarily it is from the rapidly rising cost of building materials and labor as well as replacement costs for personal items.

The rise in cost of building materials is primarily driven by inflation and supply or lack thereof.  Construction labor is in extremely short supply driving those costs ever higher.

Anyone bought any drywall or plywood lately ?  If so, you know of what I speak.


A false dilemma (with the usual side dish of denial). It's not one or the other, it's both, and more. Location (such as Florida) is a factor.
Insurance rates have been climbing for a number of reasons: Storms have become more frequent and severe, inflation and labor shortages have driven up the cost of repairs and home values have increased, requiring larger policies. The biggest jumps occurred in Texas, Arizona and Utah, which were among 25 states in total that posted double-digit surges last year. In some places, including Florida, rates are up more than 40 percent over the past five years.

kurtster

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Location: where fear is not a virtue
Gender: Male


Posted: Jun 3, 2024 - 5:10pm

It is not climate change that is driving up the cost of home owners insurance. Primarily it is from the rapidly rising cost of building materials and labor as well as replacement costs for personal items.

The rise in cost of building materials is primarily driven by inflation and supply or lack thereof.  Construction labor is in extremely short supply driving those costs ever higher.

Anyone bought any drywall or plywood lately ?  If so, you know of what I speak.
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