MUScoop
MUScoop => The Superbar => Topic started by: MuggsyB on August 26, 2022, 10:27:07 AM
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That didn't sound good to me.
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It will be fine when grilled over mesquite with bacon.
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That didn't sound good to me.
Lol
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It will be fine when grilled over mesquite with bacon.
Things are not well Tower. I think people here should have taken my warnings seriously.
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Things are not well Tower. I think people here should have taken my warnings seriously.
Dude, I can't take anyone who likes classic rock with a flute seriously. ;)
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Things are not well Tower. I think people here should have taken my warnings seriously.
Muggsy, the discussions about the economy and the coming difficulties in this board date back to the beginning of the pandemic. Supply chain issues, inflation, recession..... all predicted.
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#LastDays
It’s gonna get a lot worse than the average Joe believes right now
Bad news.
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Muggsy
I am in agreement with you. I believe there is going to be a lot of pain for many Americans in the upcoming months and longer. I completely disagree with Tower in one regard, everything was predicted but no one has felt real pain to date. Our economy has serious structural issues and I believe things will get a lot worse.
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#MopeSquad
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#MopeSquad
(https://c.tenor.com/fLVgv1qZt-AAAAAC/lmao-spit-take.gif)
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#MopeSquad
We honestly need to deal with reality Uncle R. We're in an extremely unfortunate situation and must axe the nonsense and living in la-la-land. Now I know I'm a bit of an alarmist and have paranoia issues but things are not well on the economic front. It's not an interpretive discussion anymore imo.
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We honestly need to deal with reality Uncle R. We're in an extremely unfortunate situation and must axe the nonsense and living in la-la-land. Now I know I'm a bit of an alarmist and have paranoia issues but things are not well on the economic front. It's not an interpretive discussion anymore imo.
There’s only one thing to do. Get high as a kite and eat doritos
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There’s only one thing to do. Get high as a kite and eat doritos
Have you seen the price of Doritos lately?
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Have you seen the price of Doritos lately?
So get high as a Dorito and eat a kite instead.
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Der iz know inflation 👌🏻, I repeat 👌🏻, aina?
#freeziggy2022toinfinity
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So get high as a Dorito and eat a kite instead.
Too stringy for me.
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Have you seen the price of Doritos lately?
I have but I’m not a poor, aina?
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Muggsy, the discussions about the economy and the coming difficulties in this board date back to the beginning of the pandemic. Supply chain issues, inflation, recession..... all predicted.
Tower, I respect you a lot, and am trying to have a non-political discussion, but inflation has been denied or called transitory by those in change and they've also denied we're in a recession. So when you say these were "all predicted" when exactly was this "predicted" and why? That's rather relevant to this discussion if people are willing to have a rational discussion.
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By people on this this board when COVID started.
Muggsy, there is a war in Russia/Ukraine. COVID continues to disrupt supply chains. We have full employment causing upward pressure on wages. Of course the fed is going to take steps to rein in inflation.
We survived the 70's recession, the 80's recession, the aughts recession. There will continue to be challenges until external forces are mitigated.
Now, markets hate uncertainty, old guys hate change, and anxious people can always find something to worry about. The Chinese curse has come to fruition and we do, indeed, live in interesting times.
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By people on this this board when COVID started.
Muggsy, there is a war in Russia/Ukraine. COVID continues to disrupt supply chains. We have full employment causing upward pressure on wages. Of course the fed is going to take steps to rein in inflation.
We survived the 70's recession, the 80's recession, the aughts recession. There will continue to be challenges until external forces are mitigated.
Now, markets hate uncertainty, old guys hate change, and anxious people can always find something to worry about. The Chinese curse has come to fruition and we do, indeed, live in interesting times.
inflation was a major problem before Putin invaded Ukraine and the unemployment rate is very misleading because our labor participation and overall production isn't good. I fear major job cuts in the relative near future. And of course there are a plethora of foreign policy issues that are worrisome to put it mildly. I think the world is as dangerous as it's been since pre WW2 and we need to get our heads out of our asses frankly.
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inflation was a major problem before Putin invaded Ukraine and the unemployment rate is very misleading because our labor participation and overall production isn't good. I fear major job cuts in the relative near future. And of course there are a plethora of foreign policy issues that are worrisome to put it mildly. I think the world is as dangerous as it's been since pre WW2 and we need to get our heads out of our asses frankly.
Yes, yes, we all know you are reactionary.
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inflation was a major problem before Putin invaded Ukraine and the unemployment rate is very misleading because our labor participation and overall production isn't good. I fear major job cuts in the relative near future. And of course there are a plethora of foreign policy issues that are worrisome to put it mildly. I think the world is as dangerous as it's been since pre WW2 and we need to get our heads out of our asses frankly.
Get high
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We survived the 70's recession, the 80's recession, the aughts recession. There will continue to be challenges until external forces are mitigated.
Now, markets hate uncertainty, old guys hate change, and anxious people can always find something to worry about.
Yessir.
we need to get our heads out of our asses frankly.
What would you like the fine folks of Scoop to do about all this ... except for have a political debate that a few already have tried to start?
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Yes, yes, we all know you are reactionary.
I can be hyperbolic and reactionary but there are major, major, issues for us right now. Sadly, we need to deal with some unpleasant facts.
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I cam be hyperbolic and reactionary but there are major, major, issues for us right now. Sadly, we need to deal with some unpleasant facts.
Get high
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inflation was a major problem before Putin invaded Ukraine and the unemployment rate is very misleading because our labor participation and overall production isn't good. I fear major job cuts in the relative near future. And of course there are a plethora of foreign policy issues that are worrisome to put it mildly. I think the world is as dangerous as it's been since pre WW2 and we need to get our heads out of our asses frankly.
Income inequality? Agreed.
Rising fascism, including in America? agreed.
Desperate need to make painful sacrifices in order to protect our planet for future generations of humans and animals? Agreed
There will be turbulent economic times ahead? Agreed.
Do yourself a favor. Step away from cable news and go get involved in something you are passionate about. Channel that anxious energy into making a change where you are.
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Income inequality? Agreed.
Rising fascism, including in America? agreed.
Desperate need to make painful sacrifices in order to protect our planet for future generations of humans and animals? Agreed
There will be turbulent economic times ahead? Agreed.
Do yourself a favor. Step away from cable news and go get involved in something you are passionate about. Channel that anxious energy into making a change where you are.
First of all I don't watch cable news. I read the WSJ and look at articles in rearclearpolitics. Secondly, what exactly is a semi-fascist which now seems to be a talking point and has now been exclaimed by the current press secretary and our president? Is it even possible to be a "Semi-Fascist"? That seems rather oxymoronic to me. Lastly you are correct, this world and our country has enormous problems, but it's about whether our solutions/policies are making things better or worse? I don't give a crap who you voted for or what political party you generally support. This is about people hurting now and the terrible economic situation we're in presently.
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First of all I don't watch cable news. I read the WSJ and look at articles in rearclearpolitics. Secondly, what exactly is a semi-fascist which now seems to be a talking point and has now been exclaimed by the current press secretary and our president? Is it even possible to be a "Semi-Fascist"? That seems rather oxymoronic to me. Lastly you are correct, this world and our country has enormous problems, but it's about whether our solutions/policies are making things better or worse? I don't give a crap who you voted for or what political party you generally support. This is about people hurting now and the terrible economic situation we're in presently.
I’m doing great economically.
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I’m doing great economically.
Me too.
And, sorry to say, real clear politics is a wasteland. I’m sorry because I used to work and play basketball with one of the founders who was a great guy. Not sure any longer.
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Me too.
And, sorry to say, real clear politics is a wasteland. I’m sorry because I used to work and play basketball with one of the founders who was a great guy. Not sure any longer.
Economy goes up, economy goes down. Good times, bad times, I’ve had my share
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First of all I don't watch cable news. I read the WSJ and look at articles in rearclearpolitics. Secondly, what exactly is a semi-fascist which now seems to be a talking point and has now been exclaimed by the current press secretary and our president? Is it even possible to be a "Semi-Fascist"? That seems rather oxymoronic to me. Lastly you are correct, this world and our country has enormous problems, but it's about whether our solutions/policies are making things better or worse? I don't give a crap who you voted for or what political party you generally support. This is about people hurting now and the terrible economic situation we're in presently.
“Terrible economy” is an opinion. Some economists would agree with your opinion, some would disagree.
People of one political party are motivated to repeat endlessly that the economy is “terrible”; those of the other party are motivated to say it isn’t.
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Corporate/capitalist profiteering and supply disruption has screwed things up.
Congress refuses to act.
The only thing the fed can do is raise rates. Which will lead to elimination of jobs and hurting of the poor because crap rolls downhill.
There isn't a solution - if Congress won't act - that won't disproportionately impact the working class. And the owner class is totally okay with that because they won't be forced to continue to raise wages anymore due to a tight labor market.
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Wow. This thread is loaded.
I've been buying the market big in the last couple months. Discounts abound.
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The only thing the fed can do is raise rates. Which will lead to elimination of jobs and hurting of the poor because crap rolls downhill.
Yes, but the job market is still great. I passed at least 5 signs today advertising $15/hr starting. Nobody willing to work right now is really "hurting" we're all just re-adjusting. I did squeeze a contractor on their rates today, they readjusted and now we're in agreement. Everyone keeps their job!
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inflation was a major problem before Putin invaded Ukraine and the unemployment rate is very misleading because our labor participation and overall production isn't good. I fear major job cuts in the relative near future. And of course there are a plethora of foreign policy issues that are worrisome to put it mildly. I think the world is as dangerous as it's been since pre WW2 and we need to get our heads out of our asses frankly.
I was 16 during the Cuban missile crisis. That was the most dangerous period in my life time; but you are right these are dangerous times as this country is so divided.
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Dude, I can't take anyone who likes classic rock with a flute seriously. ;)
Yep, they’re thick as a brick. ;D
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Wow. This thread is loaded.
I've been buying the market big in the last couple months. Discounts abound.
edit:
Yes, but the job market is still great. I passed at least 5 signs today advertising $15/hr starting. Nobody willing to work right now is really "hurting" we're all just re-adjusting. I did squeeze a contractor on their rates today, they readjusted and now we're in agreement. Everyone keeps their job!
One interesting thing I've seen lately... My Ally savings account was 2+% before the pandemic. It dropped to 0.5% early this spring. It's back up to 1.85% as of this week.
Seems like the free/cheap money is drying up.
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Seems like the free/cheap money is drying up.
Fair enough. I *think* we can all agree on that. I also understand lots of us live in disparate parts of the country, where circumstances may be different. At the same time, currently jobs that pay a living wage aren't hard to come by. That could change quickly.
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Corporate/capitalist profiteering and supply disruption has screwed things up.
Congress refuses to act.
The only thing the fed can do is raise rates. Which will lead to elimination of jobs and hurting of the poor because crap rolls downhill.
There isn't a solution - if Congress won't act - that won't disproportionately impact the working class. And the owner class is totally okay with that because they won't be forced to continue to raise wages anymore due to a tight labor market.
Saw a note yesterday that corporate profits are the highest they've been since 1950.
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Going to see a lot of that in the short term.
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“Terrible economy” is an opinion. Some economists would agree with your opinion, some would disagree.
People of one political party are motivated to repeat endlessly that the economy is “terrible”; those of the other party are motivated to say it isn’t.
We’ve had two consecutive quarters of negative growth. That’s a recession by definition, not opinion. We also have 40 year highs in inflation - also a fact, not an opinion. And rates will continue to rise per the Fed chief which will further stall the economy.
You can throw these facts into the “Economy Stew” and conclude that the economy currently is great, good, fair or poor and whether you like how it’s trending. That’s an opinion, and of course there’s no requirement that one’s opinion be an informed one.
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We’ve had two consecutive quarters of negative growth. That’s a recession by definition, not opinion.informed one.
From Money magazine (and echoed by numerous other sources):
In many macroeconomics textbooks, a recession is defined as two consecutive quarters of negative growth in the GDP, according to Dawit Kebede, senior economist for the Credit Union National Association. That means, by the textbook definition, the U.S. is in a recession.
But the National Bureau of Economic Research, a nonprofit that is often looked to for business cycle tracking and the formal declaration of a recession's start and end, uses a more complex definition, considering many factors alongside GDP figures. These factors include real personal income less transfers, real personal consumption expenditures and household employment.
According to its website, "The NBER's traditional definition of a recession is that it is a significant decline in economic activity that is spread across the economy and that lasts more than a few months. The committee's view is that while each of the three criteria—depth, diffusion, and duration—needs to be met individually to some degree, extreme conditions revealed by one criterion may partially offset weaker indications from another."
Using the NBER's definition, some financial observers – Kebede included – say the current economic conditions don’t rise to the level of a recession. “We are not in a recession because the labor market is strong and consumption is strong,” he says.
In the latest data released by the BEA, personal income increased 0.6% in June while personal consumption expenditures, a measure of consumer spending, rose 1.1%. The current unemployment rate is 3.6%, according to the Bureau of Labor Statistics. During the recession that began in 2007, unemployment peaked at 10%.
“There are definitely a number of disconnects going on right now,” Hooper says, adding that current economic indicators are not all heading in the same direction, which makes interpreting the state of the economy more difficult.
So the outfit that officially declares if it's a recession or not hasn't done so, meaning right now it is just an opinion.
My opinion? I don't know, and I don't pretend to know. What I do know is if it is a recession, so far it's different from all others that have preceded it.
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Yep, they’re thick as a brick. ;D
To old to rock n roll and to young to die.
Life's a long song, but the tune ends to soon for us all.
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Saw a note yesterday that corporate profits are the highest they've been since 1950.
Which is a unique scenario. Empirically, I know a couple companies, including my own, that had a fairly profitable 2021, but a pretty dreary YOY revenue. Forced to cut costs, scale back R&D, reduced headcount as a result of the pandemic or market conditions and then were more conservative in rebuilding them, etc...
And thats not even considering countless companies who found ways to cut costs or services and blame them on the pandemic.
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The Federal Open Market Committee's (FOMC) overarching focus right now is to bring inflation back down to our 2 percent goal. Price stability is the responsibility of the Federal Reserve and serves as the bedrock of our economy. Without price stability, the economy does not work for anyone. In particular, without price stability, we will not achieve a sustained period of strong labor market conditions that benefit all. The burdens of high inflation fall heaviest on those who are least able to bear them.
Restoring price stability will take some time and requires using our tools forcefully to bring demand and supply into better balance. Reducing inflation is likely to require a sustained period of below-trend growth. Moreover, there will very likely be some softening of labor market conditions. While higher interest rates, slower growth, and softer labor market conditions will bring down inflation, they will also bring some pain to households and businesses. These are the unfortunate costs of reducing inflation. But a failure to restore price stability would mean far greater pain.
So, the Fed is going to try to force a (controlled) recession to increase unemployment. This will lead to folks not being able to afford good/services, which help with price stability.
Is that a fair interpretation of all this?
Is there a reason we appear to only be seeking labor-centric avenues to control inflation?
Powell himself says, above, that the burden of inflation falls on the lowest rung of the ladder the worst. So, can't we find another way to work on this problem?
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So, the Fed is going to try to force a (controlled) recession to increase unemployment. This will lead to folks not being able to afford good/services, which help with price stability.
Is that a fair interpretation of all this?
Is there a reason we appear to only be seeking labor-centric avenues to control inflation?
Powell himself says, above, that the burden of inflation falls on the lowest rung of the ladder the worst. So, can't we find another way to work on this problem?
To cool inflation you need to lower demand. If you lower demand, the labor market resets. And that inevitably impacts the least skilled in the workforce.
In a consumer driven economy, I’m not sure what else you can do.
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To cool inflation you need to lower demand. If you lower demand, the labor market resets. And that inevitably impacts the least skilled in the workforce.
In a consumer driven economy, I’m not sure what else you can do.
What about working on the supply side instead? Granted, the Fed can't really do that.
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What about working on the supply side instead? Granted, the Fed can't really do that.
By doing what exactly?
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By doing what exactly?
I'm unsure. Hence why I asked
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if you want to get inflation under control, we've got to get our energy costs under control. europe and great Britain are a mess while russia is laughing all the way to the bank. europes energy costs are going nuts! the german people are scrambling for fire wood and the polish are standing in line for coal. they are punishing their own people mandating they curtail their own energy use with limitations on thermostat A/C settings to 27 degrees celsius (80 F) i doubt the "leaders" are following their own rules-gasp!
green energy is the path to poverty; it is unsustainable and not near ready to supply the worlds needs. if we were serious about "climate change" the first thing they would outlaw would be private jets...cue in the laugh track
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Yes, you are so right. Renewable energy is called renewable because--it's not sustainable! So obvious, how did no one else see this?
Do you and ziggy have some sort of competition going on to see who can say the dumbest thing?
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What about working on the supply side instead? Granted, the Fed can't really do that.
The supply side has fixed itself. International price of metals have significantly dropped the last 6 months. Gas and oil has finally obviously dropped the last 2 months.
The international container issue is greatly improved. They show up for pickup now when you make a reservation and no more boat delays.
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if you want to get inflation under control, we've got to get our energy costs under control. europe and great Britain are a mess while russia is laughing all the way to the bank. europes energy costs are going nuts! the german people are scrambling for fire wood and the polish are standing in line for coal. they are punishing their own people mandating they curtail their own energy use with limitations on thermostat A/C settings to 27 degrees celsius (80 F) i doubt the "leaders" are following their own rules-gasp!
green energy is the path to poverty; it is unsustainable and not near ready to supply the worlds needs. if we were serious about "climate change" the first thing they would outlaw would be private jets...cue in the laugh track
My energy bill has been lower every month this year.
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if you want to get inflation under control, we've got to get our energy costs under control. europe and great Britain are a mess while russia is laughing all the way to the bank. europes energy costs are going nuts! the german people are scrambling for fire wood and the polish are standing in line for coal. they are punishing their own people mandating they curtail their own energy use with limitations on thermostat A/C settings to 27 degrees celsius (80 F) i doubt the "leaders" are following their own rules-gasp!
green energy is the path to poverty; it is unsustainable and not near ready to supply the worlds needs. if we were serious about "climate change" the first thing they would outlaw would be private jets...cue in the laugh track
Uh….
The reason for the high energy prices in Europe is because they have become too dependent on fossil fuels from Russia. Since they don’t have their own reserves of oil and gas, an investment into renewables and nuclear would lead to less dependence on Russia for energy.
You are correct that renewables can’t yet meet all energy demands. But nuclear is a legit option that has been ignored for too long.
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Uh….
The reason for the high energy prices in Europe is because they have become too dependent on fossil fuels from Russia. Since they don’t have their own reserves of oil and gas, an investment into renewables and nuclear would lead to less dependence on Russia for energy.
You are correct that renewables can’t yet meet all energy demands. But nuclear is a legit option that has been ignored for too long.
you are right about all of this-
someone warned europe, especially germany about their dependence on russia (pipeline) natural gas and they laughed at him
green energy-my poor choice of wording-yes renewable, but not sustainable. we are far from the level of it being able to supply to our needs. why can't we come to some agreement on a combination of fossil fuels and green energy as opposed to all or nothing-follow the money. however, green is far from as green as they like to tell you
i guess if reeko's bills are lower, no problems exist. my water bill in az has been low as well.
yes yes yes to nuclear
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That is what we are doing now. Still using a combination of fossil fuels and renewables as we work to transition to renewables. Many places have hydroelectric in the mix, too. A diminishing option in the Southwest. Get a 5 mile x 5 mile waste area, set up a solar farm, and supply the SW with power.
Also, with the rapidly changing and improving battery technology, soon the whole 'what do you do if it rains' argument will be moot.
Keep sciencing. This is an amazing economic opportunity.
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you are right about all of this-
someone warned europe, especially germany about their dependence on russia (pipeline) natural gas and they laughed at him
green energy-my poor choice of wording-yes renewable, but not sustainable. we are far from the level of it being able to supply to our needs. why can't we come to some agreement on a combination of fossil fuels and green energy as opposed to all or nothing-follow the money. however, green is far from as green as they like to tell you
i guess if reeko's bills are lower, no problems exist. my water bill in az has been low as well.
yes yes yes to nuclear
I won’t run out of energy resources. Arizona will run out of water along with the rest of the southwest.
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Eventually, the bullet will have to get bit, the money will have to be spent, and desalinization on a huge scale is going to happen.
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Eventually, the bullet will have to get bit, the money will have to be spent, and desalinization on a huge scale is going to happen.
Crossover to the investing thread: ERII
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you are right about all of this-
someone warned europe, especially germany about their dependence on russia (pipeline) natural gas and they laughed at him
It's actually been an American concern for years and under multiple administrations.
https://www.reuters.com/article/us-usa-eu-summit/obama-tells-eu-to-do-more-to-cut-reliance-on-russian-gas-idUSBREA2P0W220140326
https://www.washingtonpost.com/world/2018/09/25/trump-accused-germany-becoming-totally-dependent-russian-energy-un-germans-just-smirked/
https://www.wsj.com/articles/SB121867961126739479
https://www.bloomberg.com/news/articles/2014-06-15/hillary-clinton-says-europe-is-too-dependent-on-russian-gas
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It's actually been an American concern for years and under multiple administrations.
https://www.reuters.com/article/us-usa-eu-summit/obama-tells-eu-to-do-more-to-cut-reliance-on-russian-gas-idUSBREA2P0W220140326
https://www.washingtonpost.com/world/2018/09/25/trump-accused-germany-becoming-totally-dependent-russian-energy-un-germans-just-smirked/
https://www.wsj.com/articles/SB121867961126739479
https://www.bloomberg.com/news/articles/2014-06-15/hillary-clinton-says-europe-is-too-dependent-on-russian-gas
Russia is making considerably more $ from oil now btw than they were before these "most crippling sanctions ever" and after the West "cut him off. They are swimming in cash. Now maybe that changes down the road with their need for Western software or what have you but right now they are raking in coin.
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Russia has enough allies to soften the blow of European/NATO sanctions gor a while. Sadly.
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You are correct that renewables can’t yet meet all energy demands. But nuclear is a legit option that has been ignored for too long.
One of the most baffling things in the whole energy debate. The only thing I can figure is there is not enough money to counter the fossil fuel vs green energy lobbies
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One of the most baffling things in the whole energy debate. The only thing I can figure is there is not enough money to counter the fossil fuel vs green energy lobbies
Ding, ding, ding
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I think it's also about how regulated the entire industry has become after Three Mile Island and Fukushima. But until renewables become a more reliant energy source, nuclear is the best way to go if countries don't want to become dependent on fossil fuels - for either environmental or security reasons.
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One of the most baffling things in the whole energy debate. The only thing I can figure is there is not enough money to counter the fossil fuel vs green energy lobbies
It mostly comes down to a cost-benefit analysis from the energy sector.
These numbers are slightly dated, but a study from 2014 found that constructing a nuclear reactor costs $5,366 for every kilowatt of capacity. A gas-powered generator cost $912 per kilowatt.
With gas prices relatively cheap for most of the past 30 years, it made little sense for power companies to invest upwards of $5 billion in a nuclear plant - not to mention dealing with the political implications - when they could build more gas- and coal-powered plants for a fraction of the cost.
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The supply side has fixed itself.
Wat
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It mostly comes down to a cost-benefit analysis from the energy sector.
These numbers are slightly dated, but a study from 2014 found that constructing a nuclear reactor costs $5,366 for every kilowatt of capacity. A gas-powered generator cost $912 per kilowatt.
With gas prices relatively cheap for most of the past 30 years, it made little sense for power companies to invest upwards of $5 billion in a nuclear plant - not to mention dealing with the political implications - when they could build more gas- and coal-powered plants for a fraction of the cost.
Sounds like a good place for carbon taxes to be used
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The supply side has fixed itself. International price of metals have significantly dropped the last 6 months. Gas and oil has finally obviously dropped the last 2 months.
The international container issue is greatly improved. They show up for pickup now when you make a reservation and no more boat delays.
I was at the car dealership for maintenance this weekend. They had 20-40 new cars on the lot instead of the usual 200.
I don't think supply chains have caught up across the board
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I was at the car dealership for maintenance this weekend. They had 20-40 new cars on the lot instead of the usual 200.
I don't think supply chains have caught up across the board
This is true, but the days of dealerships carrying that much inventory are likely gone for good.
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Sounds like a good place for carbon taxes to be used
I remain suspect until there is more clarity on carbon taxes. Cause while I support green energy initiatives and pushes for renewable energy, carbon taxes and carbon credits seems like the Wild Wild West with tons of scammers and lack of transparency.
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Biomass. Like what King County is considering.
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Russia is making considerably more $ from oil now btw than they were before these "most crippling sanctions ever" and after the West "cut him off. They are swimming in cash. Now maybe that changes down the road with their need for Western software or what have you but right now they are raking in coin.
There's only so much sanctions can do, especially when it's one country leading those sanctions but the rest of the world has their own needs.
There are always unfortunate consequences from actions like these. For example, take the "easy to win" trade war that the previous administration launched against China. Not only didn't we win it, but the trade war hurt American farmers so badly that a new welfare program had to be created to help support them.
What would you have done differently in this case? Bomb Russia? Send in U.S. troops? Ignore Russia's aggression?
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Biomass. Like what King County is considering.
I did not realize bio is Catholic.
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This is true, but the days of dealerships carrying that much inventory are likely gone for good.
This is likely true.
But it's one example of, I'm guessing, many that demonstrate supply chains haven't caught up.
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I remain suspect until there is more clarity on carbon taxes. Cause while I support green energy initiatives and pushes for renewable energy, carbon taxes and carbon credits seems like the Wild Wild West with tons of scammers and lack of transparency.
Skepticism is warranted whenever it comes to a new tax or program. As we're all well aware, anything that major from the government will have been written/manipulated by industry
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so, if we go all EV cars, my bet is that we still may have some bad weather, hurricanes, flooding etc. maybe not as much as before EV though ::), has anyone thought about how people are going to be able to drive away from said bad weather?
i mean the mass exodus from the coastal regions being affected by the hurricane for example. if your car is fully charged, you may get 250-300 miles away, then need to recharge, right? that's if you aren't spending too much time idling in traffic jams, listening to radio for alerts, and heaven forbid running your A/C-gasp! next, you have the fact that there will be more cars than charging stations needed for the sudden deluge in need of charges. then, how long will one be sitting there charging while the storm is bearing down. oh, that's IF there isn't a POWER OUTAGE due to the storm
just saying, some "things" need to be thought out a little bit before we go all EV
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so, if we go all EV cars, my bet is that we still may have some bad weather, hurricanes, flooding etc. maybe not as much as before EV though ::), has anyone thought about how people are going to be able to drive away from said bad weather?
i mean the mass exodus from the coastal regions being affected by the hurricane for example. if your car is fully charged, you may get 250-300 miles away, then need to recharge, right? that's if you aren't spending too much time idling in traffic jams, listening to radio for alerts, and heaven forbid running your A/C-gasp! next, you have the fact that there will be more cars than charging stations needed for the sudden deluge in need of charges. then, how long will one be sitting there charging while the storm is bearing down. oh, that's IF there isn't a POWER OUTAGE due to the storm
just saying, some "things" need to be thought out a little bit before we go all EV
9 of 10, truly spectacular
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9 of 10, truly spectacular
If you just replace all references to electricity with "gasoline" it is an awesome argument why we should all still be using horse drawn carriages.
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Stop thinking this is going to happen in the next week. Over the next decade or so there are going to be huge advancements in charging infrastructure, in battery technology.
And your hurricane analogy sucks. What happened in Katrina, in Andrew, to the fossil fuel infrastructure?
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What happened in Katrina, in Andrew, to the fossil fuel infrastructure?
You apparently missed that everybody escaped those hurricanes, thanks to fossil fuel. Zero deaths. Not even one injury!
Damn media hides the truth again.
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Oh, thank goodness ... Pizza Rolls have been saved!
From the NYT:
Totino’s frozen pizza rolls — the bite-size snack that became even more popular during the pandemic — have 21 ingredients. Late last year, General Mills, the giant food company that owns Totino’s, started running out of them.
Supply chain delays and rising costs meant individual ingredients were either nearly impossible to find, or prohibitively expensive to procure for a product that retails at $10 for a bag of 100. The result was a pandemic-induced paucity of pizza rolls. By February, Totino’s specialty was a no-show in supermarkets across the country.
The pizza roll conundrum is a microcosm of what has gone on throughout corporate America. It’s also a story that isn’t over. “All of these wrinkles are cascading through the entire food system, and I don’t think anyone is banking on it resolving itself in the next 12 or 18 months,” said Joe Colyn, a partner at JPG Resources, which works with food companies and their supply chains.
General Mills was forced to change how it makes pizza rolls, and ultimately its business model, reports The Times’s Julie Creswell.
The company formed a team of scientists, supply chain managers and procurement experts who met daily to address supply-chain issues.
It developed 25 ways to make the pizza roll, each with slight variations of ingredients.
One solution was to swap cornstarch for tapioca starch, when the latter became harder to find.
It worked. By spring, pizza rolls had returned in plentiful supply.
Industry veterans say the overhaul may stick. Food manufacturers, after years of whittling down suppliers to reduce costs and improve quality control, weren’t ready for the shipping problems, labor shortages and shifting consumer behavior caused by the pandemic. They are now coming up with multiple formulations for key products, alternative suppliers, and storage spaces for must-have ingredients. Climate change means new ways of doing business may be needed long after the pandemic.
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Oh, thank goodness ... Pizza Rolls have been saved!
From the NYT:
Totino’s frozen pizza rolls — the bite-size snack that became even more popular during the pandemic — have 21 ingredients. Late last year, General Mills, the giant food company that owns Totino’s, started running out of them.
Supply chain delays and rising costs meant individual ingredients were either nearly impossible to find, or prohibitively expensive to procure for a product that retails at $10 for a bag of 100. The result was a pandemic-induced paucity of pizza rolls. By February, Totino’s specialty was a no-show in supermarkets across the country.
The pizza roll conundrum is a microcosm of what has gone on throughout corporate America. It’s also a story that isn’t over. “All of these wrinkles are cascading through the entire food system, and I don’t think anyone is banking on it resolving itself in the next 12 or 18 months,” said Joe Colyn, a partner at JPG Resources, which works with food companies and their supply chains.
General Mills was forced to change how it makes pizza rolls, and ultimately its business model, reports The Times’s Julie Creswell.
The company formed a team of scientists, supply chain managers and procurement experts who met daily to address supply-chain issues.
It developed 25 ways to make the pizza roll, each with slight variations of ingredients.
One solution was to swap cornstarch for tapioca starch, when the latter became harder to find.
It worked. By spring, pizza rolls had returned in plentiful supply.
Industry veterans say the overhaul may stick. Food manufacturers, after years of whittling down suppliers to reduce costs and improve quality control, weren’t ready for the shipping problems, labor shortages and shifting consumer behavior caused by the pandemic. They are now coming up with multiple formulations for key products, alternative suppliers, and storage spaces for must-have ingredients. Climate change means new ways of doing business may be needed long after the pandemic.
Surely, the brainpower it took to bring this product back to life would have been better utilized on a slightly more important problem. Anything else really.
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Surely, the brainpower it took to bring this product back to life would have been better utilized on a slightly more important problem. Anything else really.
Since discovering the magical combination of pizza rolls in an air fryer, I have to strongly disagree.
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Stop thinking this is going to happen in the next week. Over the next decade or so there are going to be huge advancements in charging infrastructure, in battery technology.
And your hurricane analogy sucks. What happened in Katrina, in Andrew, to the fossil fuel infrastructure?
I annually attend the Battery / Electric Vehicle show in Novi, MI. Spent a week in Stuttgart in June at the Euro version of the show. It's happening and all the car manufacturers are on-board and industry is extremely excited about it especially since the US will be spending a ton on the related charging infrastructure which is really the only hold-back for consumers.
Heck, I just started a dialogue with BMW this morning on an EV related wire product.
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I annually attend the Battery / Electric Vehicle show in Novi, MI. Spent a week in Stuttgart in June at the Euro version of the show. It's happening and all the car manufacturers are on-board and industry is extremely excited about it especially since the US will be spending a ton on the related charging infrastructure which is really the only hold-back for consumers.
Heck, I just started a dialogue with BMW this morning on an EV related wire product.
Interesting. I’m in the market for a vehicle and have been hesitant on purchasing an EV because of the amount of driving I do. Sounds like the advances in the next few years might make this a better option
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Since discovering the magical combination of pizza rolls in an air fryer, I have to strongly disagree.
An air fryer can make most things into the best version of themselves, but still.
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Oh, thank goodness ... Pizza Rolls have been saved!
From the NYT:
Totino’s frozen pizza rolls — the bite-size snack that became even more popular during the pandemic — have 21 ingredients. Late last year, General Mills, the giant food company that owns Totino’s, started running out of them.
Supply chain delays and rising costs meant individual ingredients were either nearly impossible to find, or prohibitively expensive to procure for a product that retails at $10 for a bag of 100. The result was a pandemic-induced paucity of pizza rolls. By February, Totino’s specialty was a no-show in supermarkets across the country.
The pizza roll conundrum is a microcosm of what has gone on throughout corporate America. It’s also a story that isn’t over. “All of these wrinkles are cascading through the entire food system, and I don’t think anyone is banking on it resolving itself in the next 12 or 18 months,” said Joe Colyn, a partner at JPG Resources, which works with food companies and their supply chains.
General Mills was forced to change how it makes pizza rolls, and ultimately its business model, reports The Times’s Julie Creswell.
The company formed a team of scientists, supply chain managers and procurement experts who met daily to address supply-chain issues.
It developed 25 ways to make the pizza roll, each with slight variations of ingredients.
One solution was to swap cornstarch for tapioca starch, when the latter became harder to find.
It worked. By spring, pizza rolls had returned in plentiful supply.
Industry veterans say the overhaul may stick. Food manufacturers, after years of whittling down suppliers to reduce costs and improve quality control, weren’t ready for the shipping problems, labor shortages and shifting consumer behavior caused by the pandemic. They are now coming up with multiple formulations for key products, alternative suppliers, and storage spaces for must-have ingredients. Climate change means new ways of doing business may be needed long after the pandemic.
We could have a 🍅 shortage soon.
:(
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We could have a 🍅 shortage soon.
:(
(https://images2.imgbox.com/1e/62/g2qBP0Xj_o.jpg) (https://imgbox.com/g2qBP0Xj)
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roqqet will hate this:
https://www.cnbc.com/2022/08/30/first-solar-to-build-new-panel-factory-following-inflation-reduction-act.html
First Solar announces new U.S. panel factory following the Inflation Reduction Act
First Solar announced Tuesday that it will build a new solar panel manufacturing facility in the U.S. on the heels of the Inflation Reduction Act, which incentivizes domestic manufacturing. The company will invest up to $1 billion in the new factory, which it plans to build in the Southeast of the U.S. The newly announced plant will be the panel maker’s fourth fully integrated U.S. factory.
CEO Mark Widmar pointed to the IRA as the key catalyst that made the company decide to build another factory in the U.S. rather than looking elsewhere. The funding packages create, for the first time, a “long-term view and understanding of the industry, and policies aligned to that industry,” he told CNBC.
“With that level of clarity, we stepped back and evaluated the alternatives or the options of where we could go with our next factory and when we looked at it comprehensively the U.S. was a very attractive option,” he said.
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roqqet will hate this:
https://www.cnbc.com/2022/08/30/first-solar-to-build-new-panel-factory-following-inflation-reduction-act.html
First Solar announces new U.S. panel factory following the Inflation Reduction Act
First Solar announced Tuesday that it will build a new solar panel manufacturing facility in the U.S. on the heels of the Inflation Reduction Act, which incentivizes domestic manufacturing. The company will invest up to $1 billion in the new factory, which it plans to build in the Southeast of the U.S. The newly announced plant will be the panel maker’s fourth fully integrated U.S. factory.
CEO Mark Widmar pointed to the IRA as the key catalyst that made the company decide to build another factory in the U.S. rather than looking elsewhere. The funding packages create, for the first time, a “long-term view and understanding of the industry, and policies aligned to that industry,” he told CNBC.
“With that level of clarity, we stepped back and evaluated the alternatives or the options of where we could go with our next factory and when we looked at it comprehensively the U.S. was a very attractive option,” he said.
He’d have to understand it before he could hate it.
Or…, never mind.
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roqqet will hate this:
https://www.cnbc.com/2022/08/30/first-solar-to-build-new-panel-factory-following-inflation-reduction-act.html
First Solar announces new U.S. panel factory following the Inflation Reduction Act
First Solar announced Tuesday that it will build a new solar panel manufacturing facility in the U.S. on the heels of the Inflation Reduction Act, which incentivizes domestic manufacturing. The company will invest up to $1 billion in the new factory, which it plans to build in the Southeast of the U.S. The newly announced plant will be the panel maker’s fourth fully integrated U.S. factory.
CEO Mark Widmar pointed to the IRA as the key catalyst that made the company decide to build another factory in the U.S. rather than looking elsewhere. The funding packages create, for the first time, a “long-term view and understanding of the industry, and policies aligned to that industry,” he told CNBC.
“With that level of clarity, we stepped back and evaluated the alternatives or the options of where we could go with our next factory and when we looked at it comprehensively the U.S. was a very attractive option,” he said.
I will say, FSLR is unique because they primarily manufactured in the US from the start, in Toledo. So its not bringing manufacturing back from offshore.
Also, not sure that article is correct. They manufacture in Toledo, and also in Malaysia and Vietnam, so not sure how its the 4th US factory. Unless they are counting multiple buildings at the Toledo location.
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so, if we go all EV cars, my bet is that we still may have some bad weather, hurricanes, flooding etc. maybe not as much as before EV though ::), has anyone thought about how people are going to be able to drive away from said bad weather?
i mean the mass exodus from the coastal regions being affected by the hurricane for example. if your car is fully charged, you may get 250-300 miles away, then need to recharge, right? that's if you aren't spending too much time idling in traffic jams, listening to radio for alerts, and heaven forbid running your A/C-gasp! next, you have the fact that there will be more cars than charging stations needed for the sudden deluge in need of charges. then, how long will one be sitting there charging while the storm is bearing down. oh, that's IF there isn't a POWER OUTAGE due to the storm
just saying, some "things" need to be thought out a little bit before we go all EV
I don't know where to start here to point out the total lack of knowledge.
But I guess that's to be expected from an aged man driving around Arizona in a Hummer pretending nothing is wrong.
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I don't know where to start here to point out the total lack of knowledge.
But I guess that's to be expected from an aged man driving around Arizona in a Hummer pretending nothing is wrong.
Until we can figure out a cost effective and timely way of recycling EV batteries I’m not convinced we aren’t doing more damage to earth with this urgent push towards EVs. I’m sure there is a way to do it and solution coming down the road but until then, EVs are not exactly earth friendly.
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Until we can figure out a cost effective and timely way of recycling EV batteries I’m not convinced we aren’t doing more damage to earth with this urgent push towards EVs. I’m sure there is a way to do it and solution coming down the road but until then, EVs are not exactly earth friendly.
We will figure it out when it becomes profitable to do so. Which shouldn't be too long considering we do not have an unlimited supply of REMs.
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Until we can figure out a cost effective and timely way of recycling EV batteries I’m not convinced we aren’t doing more damage to earth with this urgent push towards EVs. I’m sure there is a way to do it and solution coming down the road but until then, EVs are not exactly earth friendly.
Urgent push? They are still very much a luxury item. Sure...one that's being encouraged, but other than "being good to the earth" I haven't felt any pressure to get one. And you can still buy a gas guzzling truck and SUV easily (with enough money). Have at it!
Also, study after study has proven that even with batteries, and energy generation to charge, they're more earth friendly than their petroleum based counterparts. But there is a point to be made (as hards mentioned) that REMs are kinda the roadblock to mass production and affordability right now.
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Until we can figure out a cost effective and timely way of recycling EV batteries I’m not convinced we aren’t doing more damage to earth with this urgent push towards EVs. I’m sure there is a way to do it and solution coming down the road but until then, EVs are not exactly earth friendly.
With the amount of losses you’ve taken the last two years on this board, I’d strongly urge you to change your handle to Washington Generals
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Because strip mining coal, fracking, and fellating the Saudi's has been so good for the environment.
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Because strip mining coal, fracking, and fellating the Saudi's has been so good for the environment.
Maybe not for the environment but it’s been great for owning your political opponent and harming the world for those that come after
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Maybe not for the environment but it’s been great for owning your political opponent and harming the world for those that come after
And making lots and lots of money at the expense of anything else. Can’t forget that.
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Because strip mining coal, fracking, and fellating the Saudi's has been so good for the environment.
Have you looked into how/where lithium, cobalt, etc get mined? The effects that kind of mining has on local ecosystems and the countries we’d have to “fellate” to access it?
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And making lots and lots of money at the expense of anything else. Can’t forget that.
Except LIV golf
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Urgent push? They are still very much a luxury item. Sure...one that's being encouraged, but other than "being good to the earth" I haven't felt any pressure to get one.
Come on man, California said no gas powered cars by 2035! Thats basically tomorrow. Most people won't even have a chance to buy a new gas powered car if they bought a car within the last 5 years
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California is forward thinking.
That 2035 deadline matches up with what GM has already announced as a target. So policy matches up with the automotive industry.
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Come on man, California said no gas powered cars by 2035! Thats basically tomorrow. Most people won't even have a chance to buy a new gas powered car if they bought a car within the last 5 years
Huh?
The average length of time an American driver keeps a new vehicle is 6 years.
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Come on man, California said no gas powered cars by 2035! Thats basically tomorrow. Most people won't even have a chance to buy a new gas powered car if they bought a car within the last 5 years
I’d like to see any source that indicates a majority of new car buyers hang on to those cars for 18 years.
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Huh?
The average length of time an American driver keeps a new vehicle is 6 years.
I’d like to see any source that indicates a majority of new car buyers hang on to those cars for 18 years.
Wow, I didn't think I would need to make it teal after saying 2035 was "basically tomorrow" :o
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Until we can figure out a cost effective and timely way of recycling EV batteries I’m not convinced we aren’t doing more damage to earth with this urgent push towards EVs. I’m sure there is a way to do it and solution coming down the road but until then, EVs are not exactly earth friendly.
Seriously? EV batteries are already repurposed, reused, etc, after their vehicle use. After they no longer have any use in any application they are recycled.
Currently Tesla recycles 92% of the original materials used in the EV battery.
As more batteries are available for recycling, even better methods will be put into effect.
Not sure where you get this idea that we don't have an effective way to recycle them.
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Seriously? EV batteries are already repurposed, reused, etc, after their vehicle use. After they no longer have any use in any application they are recycled.
Currently Tesla recycles 92% of the original materials used in the EV battery.
As more batteries are available for recycling, even better methods will be put into effect.
Not sure where you get this idea that we don't have an effective way to recycle them.
Below article from earlier this year says only 5% of EV batteries currently get recycled, so yes I guess I’m serious.
https://www.motorbiscuit.com/ev-battery-recycling-makes-cars-cheaper-helps-solve-microchip-shortage-crisis/
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Below article from earlier this year says only 5% of EV batteries currently get recycled, so yes I guess I’m serious.
https://www.motorbiscuit.com/ev-battery-recycling-makes-cars-cheaper-helps-solve-microchip-shortage-crisis/
I’m going to guess you didn’t read the article again but saw part of a headline, Generals
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I’m going to guess you didn’t read the article again but saw part of a headline, Generals
Haha, you’re something Rico. Hope you’ve been enjoying your summer!
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Just keep sciencing.
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Wow, I didn't think I would need to make it teal after saying 2035 was "basically tomorrow" :o
You'll be happy to know I fully understood the implied teal.
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Just keep sciencing.
💯 absolutely!! Look forward to the day where EVs are both plentiful and truly environmentally friendly
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You'll be happy to know I fully understood the implied teal.
I totally missed it (obviously)
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https://mobile.twitter.com/Breaking911/status/1565064381490204679
Got some kinks to work out first though.
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https://mobile.twitter.com/Breaking911/status/1565064381490204679
Got some kinks to work out first though.
That’s what happens when we ignore climate change for decades
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That’s what happens when we ignore climate change for decades
To be fair, didn’t hear “climate change” much many decades ago
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To be fair, didn’t hear “climate change” much many decades ago
I’m 46 and have been hearing about it my entire life
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I remember the PSA on Saturday mornings with the Native American in horseback staring at pollution with a tear coming down his face.
Nixon established the EPA after the Cuyahoga caught fire.
California smog days in the 70's.
Nah, it was just ignored.
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I’m 46 and have been hearing about it my entire life
I think JB meant that it used to be called global warming.
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Miraculously, and I’m sure with no impact at all on inflation, corporate profits at highest level in 70 years.
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::)
So, in a few months, if profits return to average, we can have pearl clutching mopes bemoaning the falling profits.
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I think JB meant that it used to be called global warming.
Whatever tickles the pickle.
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Come on man, California said no gas powered cars by 2035! Thats basically tomorrow. Most people won't even have a chance to buy a new gas powered car if they bought a car within the last 5 years
Ain't just Cali
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To be fair, didn’t hear “climate change” much many decades ago
Is that when Shell was burying their findings?
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Potential 🍅 🍅 🍅 🍅 shortages should have everyone on full alert. This could be beyond devastating.
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Potential 🍅 🍅 🍅 🍅 shortages should have everyone on full alert. This could be beyond devastating.
Finally a way to prevent some people from putting ketchup on hot dogs.
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I remember the PSA on Saturday mornings with the Native American in horseback staring at pollution with a tear coming down his face.
Nixon established the EPA after the Cuyahoga caught fire.
California smog days in the 70's.
Nah, it was just ignored.
But that wasn’t about climate change.
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Finally a way to prevent some people from putting ketchup on hot dogs.
That should be illegal. But we're very dependent on 🍅 🍅 🍅 nonetheless.
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I remember the PSA on Saturday mornings with the Native American in horseback staring at pollution with a tear coming down his face.
Nixon established the EPA after the Cuyahoga caught fire.
California smog days in the 70's.
Nah, it was just ignored.
Reminds me of the Sigmund Snopek song about Milwaukee, "Thank God This isn't Cleveland".
https://soundcloud.com/sigmundsnopek/thank-god-this-isnt-cleveland
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That’s what happens when we ignore climate change for decades
you and greta would make a nice couple
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california already playing "captain may i" to charge your vehicle so the "powers that be can run their A/C and big walk in fridgerators
maybe if you're triple vaxed, boosted, masked up PLUS a shield-that should win ya some points, eyn'a?
dance on one leg, holding your tongue singing "i was born on a pirate ship" automatic win and front of the line
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you and greta would make a nice couple
China, Pakistan, southwest USA, Spain, Italy, Texas...
https://www.nbcnews.com/news/world/drought-hit-rivers-world-reveal-treasures-climate-change-heat-wave-rcna44192
Keep your head in the sand. Any future generations of yours should be proud
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california already playing "captain may i" to charge your vehicle so the "powers that be can run their A/C and big walk in fridgerators
maybe if you're triple vaxed, boosted, masked up PLUS a shield-that should win ya some points, eyn'a?
dance on one leg, holding your tongue singing "i was born on a pirate ship" automatic win and front of the line
Possibly your best work yet
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Below article from earlier this year says only 5% of EV batteries currently get recycled, so yes I guess I’m serious.
https://www.motorbiscuit.com/ev-battery-recycling-makes-cars-cheaper-helps-solve-microchip-shortage-crisis/
You are not a serious person. There are a number of reasons a lot of batteries aren't being recycled.
1. They are still in use, as they often outlast the vehicle.
2. They are repurposed instead, and used in other applications.
But those that are not repurposed, are usually recycled, as efficient recycling methods are already in place.
https://www.forbes.com/sites/carltonreid/2022/08/01/electric-car-batteries-lasting-longer-than-predicted-delays-recycling-programs/?sh=2d03bf1e5332 (https://www.forbes.com/sites/carltonreid/2022/08/01/electric-car-batteries-lasting-longer-than-predicted-delays-recycling-programs/?sh=2d03bf1e5332)
I can provide dozens of similar articles. Even your article if read completely is consistent with what I write above....but you didn't bother to read your full article.
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california already playing "captain may i" to charge your vehicle so the "powers that be can run their A/C and big walk in fridgerators
maybe if you're triple vaxed, boosted, masked up PLUS a shield-that should win ya some points, eyn'a?
dance on one leg, holding your tongue singing "i was born on a pirate ship" automatic win and front of the line
9 of 10
Good to see the air quotes back but no ellipses.
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Potential 🍅 🍅 🍅 🍅 shortages should have everyone on full alert. This could be beyond devastating.
I have no idea if you're being serious half of the time you post on this board.
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california already playing "captain may i" to charge your vehicle so the "powers that be can run their A/C and big walk in fridgerators
maybe if you're triple vaxed, boosted, masked up PLUS a shield-that should win ya some points, eyn'a?
dance on one leg, holding your tongue singing "i was born on a pirate ship" automatic win and front of the line
(https://i.imgflip.com/yzopk.jpg?a461496)
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california already playing "captain may i" to charge your vehicle so the "powers that be can run their A/C and big walk in fridgerators
Hold on, do rich people and politicians have walk in refrigerators in their homes? Or did restaurants and food storage facilities suddenly join the "powers that be"?
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Hold on, do rich people and politicians have walk in refrigerators in their homes? Or did restaurants and food storage facilities suddenly join the "powers that be"?
Big Refrigeration has all the pols in its cold, cold pockets
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(https://images.fineartamerica.com/images/artworkimages/medium/3/vance-refrigeration-anh-nguyen-transparent.png)
Public enemy number 1.
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Hold on, do rich people and politicians have walk in refrigerators in their homes? Or did restaurants and food storage facilities suddenly join the "powers that be"?
I'd bet you have the new-fangled AC in your home? If so, that proves you are one of the 'powers that be'. You're nothing but an Elite
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Like pretty much all newspapers and newspaper chains, big and small, times are rough these days for Gannett, which owns USA Today and 200+ other papers of various sizes.
The chain announced recently that it laid off 3% of its staff (roughly 400 employees), from journalists to editors to customer service to other support staff. Gannett also slashed its marketing budget and said it wouldn't fill some 400 open positions.
What didn't Gannett do? Inflict any pain on upper management, of course.
CEO Mark Reed -- who was paid $7.7 million in 2021 while Gannett’s median salary was $48,419 -- bought $1.2 million worth of Gannett stock immediately before the layoffs. He's no dummy; layoffs often please the market and make stock prices go up. (For example, 3M announced layoffs yesterday, and MMM's price moved up today after getting crushed the last several sessions.)
Also of interest: Of the more than 100 Gannett layoffs tracked by the Poynter Institute (a journalism watchdog), the vast majority affected non-union newsrooms and staff. Unionized newsrooms that are currently bargaining contracts with Gannett were likely protected from layoffs by federal labor law.
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The chain announced recently that it laid off 3% of its staff (roughly 400 employees), from journalists to editors to customer service to other support staff. Gannett also slashed its marketing budget and said it wouldn't fill some 400 open positions.
What didn't Gannett do? Inflict any pain on upper management, of course.
CEO Mark Reed -- who was paid $7.7 million in 2021 while Gannett’s median salary was $48,419 -- bought $1.2 million worth of Gannett stock immediately before the layoffs. He's no dummy; layoffs often please the market and make stock prices go up. (For example, 3M announced layoffs yesterday, and MMM's price moved up today after getting crushed the last several sessions.)
This is idiotic and patently false.
Some facts:
The GCI executive team has recently been cut by 30%.
Reed purchased $1.2M on the open market as a sign of confidence in the company. On 8/3/22, the stock price closed at $3.21. The following day, they released earnings and it fell ~28% to $2.30. When he was able to on 8/8/22 (e.g. trading window opened for him), he bought $1.2M of stock at an average price of $2.44. The stock had been beaten down due to the earnings release; he was showing the market that the stock price was a great deal and not reflective of the value of the company.
Since the announced layoffs you refer to, the stock hasn’t done much of anything. It closed ta $2.32 yesterday. (He’s lost money on the $1.2M as of yesterday’s close).
He was not paid $7.7M in 2021. That’s just stupid. What happened is that he was paid a $900k salary and earned an incentive plan bonus of $767k based on how the company performed (variable comp). The other $6.1M you claim he was ‘paid’ is all performance-based stock awards that vest over time and are subject to meeting hurdles. To fully earn all the related award in the future, the stock will need to perform over 4x what it’s currently at.
That is, if under his leadership, great returns are generated for shareholders, he will be rewarded. If not, he won’t. It’s exactly how you want to align pay of management with company performance.
PS as if 1:50 CT today, MMM is up 0.7% from yesterday’s close and is down 13% from last week, which relates to the earplug matter.
Stop the lies!!
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This is idiotic and patently false.
Some facts:
The GCI executive team has recently been cut by 30%.
Reed purchased $1.2M on the open market as a sign of confidence in the company. On 8/3/22, the stock price closed at $3.21. The following day, they released earnings and it fell ~28% to $2.30. When he was able to on 8/8/22 (e.g. trading window opened for him), he bought $1.2M of stock at an average price of $2.44. The stock had been beaten down due to the earnings release; he was showing the market that the stock price was a great deal and not reflective of the value of the company.
Since the announced layoffs you refer to, the stock hasn’t done much of anything. It closed ta $2.32 yesterday. (He’s lost money on the $1.2M as of yesterday’s close).
He was not paid $7.7M in 2021. That’s just stupid. What happened is that he was paid a $900k salary and earned an incentive plan bonus of $767k based on how the company performed (variable comp). The other $6.1M you claim he was ‘paid’ is all performance-based stock awards that vest over time and are subject to meeting hurdles. To fully earn all the related award in the future, the stock will need to perform over 4x what it’s currently at.
That is, if under his leadership, great returns are generated for shareholders, he will be rewarded. If not, he won’t. It’s exactly how you want to align pay of management with company performance.
PS as if 1:50 CT today, MMM is up 0.7% from yesterday’s close and is down 13% from last week, which relates to the earplug matter.
Stop the lies!!
Have a nice day.
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Like pretty much all newspapers and newspaper chains, big and small, times are rough these days for Gannett, which owns USA Today and 200+ other papers of various sizes.
The chain announced recently that it laid off 3% of its staff (roughly 400 employees), from journalists to editors to customer service to other support staff. Gannett also slashed its marketing budget and said it wouldn't fill some 400 open positions.
What didn't Gannett do? Inflict any pain on upper management, of course.
CEO Mark Reed -- who was paid $7.7 million in 2021 while Gannett’s median salary was $48,419 -- bought $1.2 million worth of Gannett stock immediately before the layoffs. He's no dummy; layoffs often please the market and make stock prices go up. (For example, 3M announced layoffs yesterday, and MMM's price moved up today after getting crushed the last several sessions.)
Also of interest: Of the more than 100 Gannett layoffs tracked by the Poynter Institute (a journalism watchdog), the vast majority affected non-union newsrooms and staff. Unionized newsrooms that are currently bargaining contracts with Gannett were likely protected from layoffs by federal labor law.
Ironic that newspapers are laying off people, ofterntimes because of the shoddy (or lazy) reporting like the above.
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Ironic that newspapers are laying off people, ofterntimes because of the shoddy (or lazy) reporting like the above.
Yes. Ironic.
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Have a nice day.
aka “yes, I was wrong and spewing nonsense”
Pathetic
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You finally admit it. That is the first step toward growth.
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Ironic that newspapers are laying off people, ofterntimes because of the shoddy (or lazy) reporting like the above.
Claiming that newspapers are laying off people because of shoddy or lazy reporting is lazy and shoddy thinking (and dumb, I might add).
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Imagine if Erin Andrews owned Gannett stock.
🤯🤯🤯
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I'd bet you have the new-fangled AC in your home? If so, that proves you are one of the 'powers that be'. You're nothing but an Elite
loosen up the tighty whities jockstrap-once again you guys missing the trees thru the jungles-the "powers that be" don't follow the rules they set forth for the "little people"
here reeko-i'll save you the trouble-
umm 8.5/10 love the quotation marks, but need more cow bell
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aka “yes, I was wrong and spewing nonsense”
Pathetic
1. Fake news reported
2. Fake news factually refuted.
3. Source of fake news offers no apology or admission. Changes subject, moves on as if nothing happened. Allies circle the wagons.
Journalism in 2022. Sad.
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Imagine if Erin Andrews owned Gannett stock.
🤯🤯🤯
not if they walk around scantily clad attempting to artificially boost the stock price of said company.
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1. Fake news reported
2. Fake news factually refuted.
3. Source of fake news offers no apology or admission. Changes subject, moves on as if nothing happened. Allies circle the wagons.
Journalism in 2022. Sad.
you mean "journalism"
no standards anymore
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Useta listen ta da "Sportswriters" Sunday eves on GN. Does dudes new der chit. Sports journalism has gowne da wey of statesmen. Wee got nun, aina?
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aka “yes, I was wrong and spewing nonsense”
Pathetic
Reed is a rich guy getting richer as he lays off hard-working people not even making $50K.
He did a hell of a job earning his millions in awards. Such a good job that the company is spiraling down the drain and just had to lay off hundreds of employees. Job well done!
It was Reed who said he made the buy “as a sign of confidence.” Not surprised that some take the word of rich guys without challenging their nonsense.
Reports of 3M’s layoffs came last night after the market closed. The stock gained 1% today - a rare up day for a company whose stock has been crushed by multiple lawsuits (not just earplugs) and horrible management.
Have a nice evening.
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Reed is a rich guy getting richer as he lays off hard-working people not even making $50K.
He did a hell of a job earning his millions in awards. Such a good job that the company is spiraling down the drain and just had to lay off hundreds of employees. Job well done!
It was Reed who said he made the buy “as a sign of confidence.” Not surprised that some take the word of rich guys without challenging their nonsense.
Reports of 3M’s layoffs came last night after the market closed. The stock gained 1% today - a rare up day for a company whose stock has been crushed by multiple lawsuits (not just earplugs) and horrible management.
Have a nice evening.
Translation:
I reported a lot of non facts as facts to make this guy look evil but it’s OK because I really believe the guy I was writing about is evil.
Allies applaud.
Journalism 2022. Sad.
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Reed is a rich guy getting richer as he lays off hard-working people not even making $50K.
He did a hell of a job earning his millions in awards. Such a good job that the company is spiraling down the drain and just had to lay off hundreds of employees. Job well done!
It was Reed who said he made the buy “as a sign of confidence.” Not surprised that some take the word of rich guys without challenging their nonsense.
Reports of 3M’s layoffs came last night after the market closed. The stock gained 1% today - a rare up day for a company whose stock has been crushed by multiple lawsuits (not just earplugs) and horrible management.
Have a nice evening.
Poor soul. I can't imagine being banished/sh1tcanned from their profession years before the very profession swirled down the toilet.
"Reed is a rich guy", yes... we know your pathetic talking points. People who take on insane stress, risk and work to get there in the first place hava zero business being compensated for it. Shame!
Again, 'earning' the awards doesn't mean he's paid jack and the majority of it was a one-time award. He has to do remarkable things to earn any compensation of it.
My comment on him buying as a sign of confidence was purely my thought - as an investor/non-punka$$ person who isn't an idiot. I have seen no quote or comment from him on it. Again, you're assuming/lying/pathetic.
3M hasn't gain squat and companies don't gain squat because of announcing layoffs. Your commentary was idiotic and you know better.
Now, tell me more about the $7.7M he was paid. Put on your mask, boy
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Let’s get angry and start calling each other names, because that’s what grown-ups do. And then shout lies about “banishment” to boot.
I’ll stand by my points in my original post that Reed and his cronies are fattening their wallets even as they lay off hard-working employees, that stocks often rise in price after layoffs are announced, and that being unionized helped save some Gannett people their jobs.
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Let’s get angry and start calling each other names, because that’s what grown-ups do. And then shout lies about “banishment” to boot.
I’ll stand by my points in my original post that Reed and his cronies are fattening their wallets even as they lay off hard-working employees, that stocks often rise in price after layoffs are announced, and that being unionized helped save some Gannett people their jobs.
🤡
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Mope squad assemble!
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Mope squad assemble!
Yeah this thread quickly turned into the typical conservative circle jerk.
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Yeah this thread quickly turned into the typical conservative circle jerk.
Common thread attacking teachers, journalists, scientists and intellectuals. Can’t put my finger on it.
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Adorably transparent.
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Man this quickly just turned back around into a liberal circle jerk. The same liberal circle jerk 80% of threads get taken over by because of a handful of posters.
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Man this quickly just turned back around into a liberal circle jerk. The same liberal circle jerk 80% of threads get taken over by because of a handful of posters.
Thanks, Generals
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Common thread attacking teachers, journalists, scientists and intellectuals. Can’t put my finger on it.
I wonder what got them all riled up last night.
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I wonder what got them all riled up last night.
Read the thread
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Read the thread
Man, you’re even wrong about that. Very impressive