From WalletHub:
2023’s Most & Least Federally Dependent States
| Rank | State | Total Score | State Residents’ Dependency | State Government’s Dependency |
|---|---|---|---|---|
| 1 | Alaska | 83.18 | 3 | 2 |
| 2 | West Virginia | 76.02 | 1 | 9 |
| 3 | Mississippi | 71.31 | 7 | 5 |
| 4 | Kentucky | 70.95 | 5 | 10 |
| 5 | New Mexico | 69.73 | 2 | 17 |
| 6 | Wyoming | 64.23 | 24 | 1 |
| 7 | South Carolina | 59.86 | 6 | 27 |
| 8 | Arizona | 58.86 | 13 | 6 |
| 9 | Montana | 57.77 | 14 | 7 |
| 10 | Louisiana | 57.46 | 22 | 3 |
| 11 | North Dakota | 55.91 | 4 | 35 |
| 12 | Indiana | 55.34 | 9 | 19 |
| 13 | Maine | 54.25 | 11 | 12 |
| 14 | Alabama | 53.48 | 10 | 16 |
| 15 | South Dakota | 52.22 | 29 | 4 |
| 16 | Vermont | 50.13 | 19 | 11 |
| 17 | Missouri | 44.13 | 28 | 8 |
| 18 | Oklahoma | 41.60 | 15 | 31 |
| 19 | Pennsylvania | 41.10 | 20 | 22 |
| 20 | Idaho | 40.57 | 23 | 15 |
| 21 | Rhode Island | 39.65 | 31 | 13 |
| 22 | Tennessee | 37.94 | 26 | 18 |
| 23 | New Hampshire | 37.39 | 41 | 14 |
| 24 | Maryland | 36.36 | 16 | 36 |
| 25 | Michigan | 34.67 | 27 | 24 |
| 26 | Hawaii | 33.25 | 8 | 50 |
| 27 | Oregon | 33.23 | 25 | 30 |
| 28 | Arkansas | 33.18 | 40 | 20 |
| 29 | Texas | 32.71 | 39 | 21 |
| 30 | Minnesota | 32.29 | 17 | 42 |
| 31 | Connecticut | 30.45 | 18 | 44 |
| 32 | Virginia | 30.38 | 12 | 46 |
| 33 | Georgia | 30.30 | 35 | 28 |
| 34 | Florida | 30.20 | 30 | 32 |
| 35 | Ohio | 29.12 | 46 | 23 |
| 36 | Nebraska | 29.05 | 42 | 26 |
| 37 | North Carolina | 28.43 | 37 | 33 |
| 38 | Wisconsin | 27.89 | 21 | 40 |
| 39 | New York | 27.27 | 44 | 29 |
| 40 | Colorado | 25.18 | 36 | 34 |
| 41 | Nevada | 23.45 | 38 | 37 |
| 42 | Delaware | 22.23 | 50 | 25 |
| 43 | Iowa | 19.28 | 32 | 43 |
| 44 | Massachusetts | 17.32 | 48 | 38 |
| 45 | California | 17.27 | 45 | 41 |
| 46 | Illinois | 17.05 | 47 | 39 |
| 47 | Kansas | 15.70 | 34 | 47 |
| 48 | Utah | 14.96 | 33 | 48 |
| 49 | Washington | 14.63 | 43 | 45 |
| 50 | New Jersey | 8.41 | 49 | 49 |
What NJ makes, the US takes.
What the serious f*ck Ryan Reynolds?
Aviation Gin – $610 million
Mint Mobile – $1.35 billion
Don’t know about the booze company but it was reported his share of mint is about $300 million a minority ownership stake.
He met the founder of Mint David Glickman and was hired to run marketing, as he impressed Glickman by running marketing for Deadpool. Well he did a great job as we see, not tens of Billions but hey not bad.
https://www.pressreader.com/usa/inc-usa/20210901/283957475584629
Fed is about to put two bullets in the head of Venmo and bury it in the Meadowlands.
FedNow payments coming in July.
https://www.federalreserve.gov/newsevents/pressreleases/other20230315a.htm
https://explore.fednow.org/
Sunbelt cities have experienced some of the fastest growth and biggest real estate price appreciation in recent years. Now some of these places are contending with the downside of that growth, snarled traffic and extended commute times. Konrad Putzier explains how worsening commutes in Miami, Nashville and Las Vegas threaten to undermine their economic growth.
https://www.wsj.com/articles/sunbelt-traffic-jams-are-frustrating-drivers-and-threatening-growth-223df06b
Bruce Jordan, a 69-year-old retired corporate attorney, has lived in the Miami area for most of his life. He likes the beach and being close to family. But reaching either one is becoming increasingly difficult.
Roads are often clogged by snowbirds, tourists and recent arrivals from the Northeast. Driving to a pharmacy less than a mile from his suburban home north of Miami used to be a breeze. Now, he says, it can take more than 45 minutes during rush hour.
Speaking of AI, the over-zealous vast surveillance machine China has already built uses facial recognition. If the AI in the city of Shenzhen catches you Jaywalking it will automatically deduct a fine from your bank account. You find out via text message or well your face on a street level Billboard.
The social scoring system is still locally controlled but China just updated their laws and it may grow in use.
In one example in the city of Rongcheng “spreading harmful information on WeChat, forums, and blogs” meant subtracting 50 points. You start with only 1000 points.
So somebody like our Pumpkin would be -20,000 points by now. That is a pretty deep hole to dig your self out of. You only get 40 points for winning some competitions and such.
Fun times with AI and social scoring ahead.
https://www.technologyreview.com/2022/11/22/1063605/china-announced-a-new-social-credit-law-what-does-it-mean
… it will automatically deduct a fine from your bank account.
Coming to the nation previously know as the US of A. Gladiator games, death panels, selective privilege judged through the Collective Tribunal to follow. It starts with a trickle, ends like the Amazon basin.
Looking thru the NY Fed data this morning on the Swiss National Bank.
Since they great recession there is a standing currency swap agreement with them and other select central banks.
Last major currency swap was five months ago, very large and unusual as reported at the time. Again stuff needs to settle in dollars. No idea why they need so many dollars from our Fed.
Not sure what the reporting time delay is on these currency swaps, but I read elsewhere there was stuff happening this week to help bail out Credit Suisse.
U.S. Dollar Liquidity Swap Swiss National Bank 10/19/2022 10/20/2022 10/27/2022 7 3.33 11,090,000,000 USD
U.S. Dollar Liquidity Swap Swiss National Bank 10/12/2022 10/13/2022 10/20/2022 7 3.33 6,270,000,000 USD
U.S. Dollar Liquidity Swap Swiss National Bank 10/05/2022 10/06/2022 10/13/2022 7 3.33 3,100,000,000 USD
If you are correct, Congressman, then the FDIC and others will prevent the US from participating in the most important phase of the internet revolution. Like you, I believe regulators are using crypto as a scapegoat for their own lapses in oversight of traditional banking.
https://twitter.com/cathiedwood/status/1636178266510721024?s=46&t=0eaRjeKWHSIY8WCyPT4KMg
Just to put things in perspective. The other central banks only swap the occasional million or two with our Fed, with the ECB being the regular large one with a 400 million every month or so.
Billions for the tiny country of Switzerland stands out.
Again I don’t think the American Taxpayers should be bailing out the Credit Suisse shardholders and bondholders.
Sleepy Joe also told me he would not allow it just the other day.
Pumps I have met Vint Cerf at a nerd convention. The “Internet revolution” was in 1983 with Arpanet adopting TCP/IP. The actual Digital Revolution was the preceding 50 years before that. I will write Rep Tom Emmer myself and tell him myself to go back to ambulance chasing and representing corrupt cops who beat black people in Minneapolis.
was in 1983 with Arpanet adopting TCP/IP.
Juice, is this what a ” winsock” was for?
First time I was on the internet was with a 286, and you needed a winsock to get on.
Nothing much was there either. The person who showed me had connections, probably died by now.
Great point. If this stock survives the bear market….boom.
“$DNA We’re about to make a lot of money in this stock. DNA’s entire trading history has been in a Bear market. It hasn’t even formed an IPO base yet.”
The US has the lowest life expectancy of all G7 nations, according to an alarming league table.
Seventy years ago people in America could expect to live until they were 68, with the country ranking 13th globally behind the likes of Norway, Sweden and Denmark.
Although the average person now lives a decade longer than in 1950, progress has stalled compared to other developed nations.
The US has since fallen to 53 on the global standings.
Juice,
Have you ever been to the Federal Bond purchasing website, Treasurydirect.gov?
Venmo will be around a lot longer than you think, unless PayPal usurps Venmo. I am also guessing, knowing the FEDs overseeing all transactions (and not just ones over 5K) will be a huge turnout for many.
8:36 IQ dropping every time I read one of your comments.
9:06 what is Terrible Healthcare?
ECB goes 50; gives cover for Fed to go 25, not that they will
Phoenix,
The mention of Winsock had me laughing. Those early days of 300 baud to 2.2K dial up modems and their crazy connection strings was filled with terrible euphemisms and double entendre. Winsock went hand-in-hand with Packet sniffing, Penetration Testing, FUD, Dongle, etc. Ping and Handle too.
David Geffen is very rich, bitch. Forbes says the media mogul, who founded three major record labels and the film studio Dreamworks, is worth around $7.7 billion, making him one of the wealthiest people in entertainment. And now, after 80 years as an unmarried man, the blog Showbiz44 says there’s a rumor that David finally got hitched. His maybe-groom is 30-year-old model Donovan Michaels. A hunky young boy-toy and a billionaire.
Phoenix – Memory lane.. winsock.dll had to be loaded and compiled with your program to get it to work with other networked computers. Winsock API allowed Microsoft centric apps to communicate over TCP/IP on early MS-DOS and Windows systems. Those early Microsoft systems had their own communication protocols called NetBIOS and later Microsoft made the switch to TCP/IP.
Allot of these communication related things happened collaboratively early in the 1990s at industry wide conferences. The were many for the developing internet where people from different tech platforms IBM, Sun, Microsoft etc would get together and hash out ways to work together as they were fierce rivals at the time.
Lib some edumacation for you on payments.
Venmo and Paypal are “Closed Loop” systems. Both sender and receiver must maintain accounts on the platform for it to work instantly etc. There are also ACH, Debit and other banking fees etc in the middle of all of this as everyone gets their taste, then there is the time factor of settlement can be a day or more depending on bank etc.
Not so with this new FedNow payments system. It’s “Open Loop” design will allow payments to anyone regardless of platform instantly.
The biggest benefactor might be small business. Credit Cards they hate, the fees and bank vig etc. Small business who accept FedNow payments can receive the funds from sales immediately, increasing cash on hand and potentially reducing the need for additional costs to do time delays like commercial lines of credit etc.
One thing to also take in account it’s already been done elsewhere. They don’t use Venmo in Canada. They have their own nationalized system already. Same for many other countries.
IQ dropping every time I read one of your comments.
Says the guy who voted for a vegetable.
So this is what a 700 dollar sweatshirt looks like. I wouldn’t have guessed. No wonder I am poor, I can’t even recognize that this is what wealth looks like.
I would have guessed 80 bucks max.
https://www.1stdibs.com/en-gb/fashion/clothing/sweaters/new-saint-laurent-2019-robot-logo-print-vintage-distressed-destroyed-hoodie-s/id-v_14142422/?utm_source=pepperjam&utm_medium=cpc&utm_campaign=pepperjam-21181&clickId=4317266959
Winsock.
First thing I ever saw online with that 286 was a picture of the White House. It took about an hour to download using that Winsock.
I’m not even sure if that part of the net was available to the public at the time I saw it, the guy was some sort of guru. Pocket protector type, last I heard he was loaded beyond belief.
One of the nicest people I ever met, however. Sheldon, but serious, and without the sass.
A more technical explanation is in order. Once the computer was physically networked to say serial dial up or ethernet (or others) there needed to be a way to communicate with it from the operating system to the now loaded network card drivers and individual ethernet or other modem packages. This is where Winsock.dll came in.
This works along the standard OSI model “Open Systems Interconnection” which I mentioned was hashed out in those many conferences with the IEEE nerds and others on the The Internet Engineering Task Force (IETF).
Example of the OSI layers.
Your Windows application or Internet Explorer 1.X version
—————————————
winsock.dll layer
—————————————-
TCP/IP layer
—————————————-
Modem or network card layer
—————————————-
The Internet and/or network destination
It’s all ubiquitous today but back in the day those network cards and apps and Windows OS were frustratingly finicky. If you were lucky you would only spend hours figuring out the correct versions and sequences to boot and load the DLLs and drivers to get it to work. If you were unlucky it could be many sleepless nights.
Thanks Juice!
This is good to know since my investment Club is big in PayPal due mainly to their payment systems.
Juice,
Thank you.
This guy made it look easy. I had no idea what he was doing at the time.
I was much younger then, and thought it was great.
Reminded me of the inhaler discussion. One eyeball, and a forthcoming multimillion dollar payout thanks to Capital Izm. I’m sure some actuary has figured out how much they saved with the cheaper imported solution. And a lawyer has figured out how long to appeal granny’s motion hoping she will croak like a frog.
A 68-year-old grandmother in Florida has filed a lawsuit claiming that she is now legally blind after her right eye had to be surgically removed due to a bacterial infection caused by over-the-counter eyedrop.
Oliva had been obtaining and using Bausch & Lomb lubricant eyedrops for several years until her insurer, HealthSpring, in May 2022 switched brands and began authorizing EzriCare Artificial Tears, the suit states. She used the new drops for several months until her right eye — in which she previously had no issues — suddenly became “red, swollen, and abnormally watery.”
She was diagnosed with a “corneal scratch” by her doctors at the Leon Medical Center and prescribed a drug regimen, but her symptoms continued to worsen and the visual acuity in her right eye began deteriorating, the complaint states.
Leon Medical, HealthSpring, and EzriCare are all named defendants in the negligent product liability suit. Global Pharma Healthcare, an India-based company that manufactured the drops, and two companies involved in the distribution and selling of the product are also named defendants.
Lib re: investment Club and Paypal.
Not financial advice by any means. Apple Pay, Google Pay, PayPal, Venmo, and anyone that is a non-bank are probably the looser here.
Fed created a carve out for the finance industry to still make money. I am not sure who the winners will be yet. What they are doing however is probably favoring the banks first and the credit card companies second as they own the existing clearing and/or settlement arrangements.
Lib one last point. Short-term credit risk. There will be no way the banks will take it, it will need to be transferred hence the need for the credit card companies to be entangled. Again not sure where Paypal or others will fit in.
“Pumps I have met Vint Cerf at a nerd convention. The “Internet revolution” was in 1983 with Arpanet adopting TCP/IP. The actual Digital Revolution was the preceding 50 years before that.”
And the genomics revolution formally started 20 years ago with Craig Venter v HGP when the race to map the genome ended…also, although I’m not sure about this one, but the space revolution might have begun a while back as I seem to remember some guys dressed really funny clothes planting a flag on a barren landscape somewhere and saying something that I think people quote…not sure, might need to google it…or maybe I’ll ask Cathy, I’m sure she can edumacate me!
“ECB goes 50; gives cover for Fed to go 25, not that they will”
Don’t they have to now?
If ECB feels it can go 50 the day after SNB has to bail out one of the largest banks on the continent – to whom all ECB banks have substantial exposure – how can the Fed not do 25?
They go zero and I’d think the market would absolutely freak out, ie. “what do we not know/see that the Fed does”.
Hockey boy dun goofed. This is getting more traction since yesterday.
https://twitter.com/juliazukowski/status/1635537697040130048?s=20
ExEx:
Thanks for this cover…… you did such a good job!
https://www.youtube.com/watch?v=xfl_dgdWJFQ
“Not financial advice by any means. Apple Pay, Google Pay, PayPal, Venmo, and anyone that is a non-bank are probably the loser here.”
Thanks to you I read up on this, it appears it is an instant transfer, with no way to recover funds if you goof.
I believe this will affect some of the above as you posted, but personally, on purchases, will continue to use systems that allow me to claw back my money when I get substandard service.
Phoenix – Global Pharma Healthcare Private Limited out of Chennai makes Artificial Tears. Awesome quality control. They have two recalls listed on their website for the stuff for “Possible Contamination”.
https://www.global-pharma.com
I have a prepaid Pixel phone that I keep around which was activated in Europe some time ago. A payment app on that phone allows me to pay online in local currency without the credit card as intermediary.
During the checkout process I select bank app as the payment method. My banking app issues a six digit code which I then plug into the website. The exact amount due is debited out of my account. Super convenient.
“I am also guessing, knowing the FEDs overseeing all transactions (and not just ones over 5K) will be a huge turnout for many.”
Might be careful on this one too…isn’t the reporting threshold to IRS now the same $600 as for 1099s?
People using Paypal/Venmo rather than a Fed system for ‘privacy’ are going to be like the guy in the cash toll lane because ‘the government has no right to know where I’m traveling’ as he’s using google maps and has four separate cell phones in his car among family members pinpointing his locale to a 15 ft radius….
Boomer yes they are ahead of the USA too. 3000 banks from 23 EU countries are part of the SEPA Instant payment scheme, to be expanded by Brussels decree to all member states.
FREE for private Person to Person transfers and 0.20 EUR for business up to 100,000 Euros.
That is cheaper than a debit card transaction fee here.
10:58 did you fap to it?
9:47 your guy apparently has a mushroom dick according to Stormy.
The rest of him is lard.
Left they pushed the date on that back to next year. The concern was most mouth breathers have no idea what to do with a 1099 on their tax forms, never mind actually having to fill out the long form 1040 vs 1040EZ. I would expect it to get pushed back again and again there is an election to be won next November and I suspect Yellen is already skating on thin ice over the release of the Biden Family bank records.
“I believe this will affect some of the above as you posted, but personally, on purchases, will continue to use systems that allow me to claw back my money when I get substandard service.”
My understanding is Venmo and Paypal are non-clawback for anything you authorized.
Even credit cards these days have scaled back substantially…had an issue with a brake job, used my Chase card which I’ve had for infinity and can’t recall ever making a claim…the ring fence around what was allowed was tight…not just days elapsed which was always a criterion but now geographic proximity and whether you paid in full.
My guess is consumers were using the card companies as effectively a de facto Court system when they were just unhappy or had buyer’s remorse….card companies not unpredictably said screw that and effectively stepped out of the middle…unless you have outright demonstrable fraud good luck on a clawback for most payment systems.
Ex – Your going to need to retune that guitar, it’s 2023 now. Yes I know the Orange clown might get charged, but people have moved on there is no way he is winning the primary, it’s all rearview mirror now.
I saw nothing “free” in the American version.
But wasn’t expecting to. In America there is always a hand in your pocket, when you are a worker, it’s the government’s hand.
When you are a lazy F, it’s your hands.
Juice Box says:
March 16, 2023 at 11:07 am
FREE for private Person to Person transfers and 0.20 EUR for business up to 100,000 Euros.
That is cheaper than a debit card transaction fee here.
Opinions or knowledge anyone? What is the difference between holding a First Republic CD versus owning a brokered First Republic CD custodied on another platform?
clarifying CD at FR
What is this instant payment system run on? Blockchain?
Juice Box says:
March 16, 2023 at 11:07 am
Boomer yes they are ahead of the USA too. 3000 banks from 23 EU countries are part of the SEPA Instant payment scheme, to be expanded by Brussels decree to all member states.
FREE for private Person to Person transfers and 0.20 EUR for business up to 100,000 Euros.
That is cheaper than a debit card transaction fee here.
Thanks JB was not aware…would still make the basic point though, if one is doing something they shouldn’t and using Paypal/Venmo instead of a proposed Fed system for privacy they are the guy in the cash lane…and better have their attorney on speed dial…
Stepped into a starter long position in VNO…wrote puts, long some longer dated calls, write some nearer term calls….premiums literally went off the charts…
Watching spec-tech as well if it continues this trajectory…will be shorting ahead of Fed next week…per my post above thesis is Fed will go 25bps and the shitcos have skyrocketed these last few days because….we’ve had run on some top 20 US banks?…
My understanding is Venmo and Paypal are non-clawback for anything you authorized.
Nope. The PayPal/Ebay combo is well known for clawbacks.
The two scum bags, Thiel and Musk are what ruined Ebay- greedy little f’s
Before them, Ebay worked on seller reputation. Once they put their greedy fat thumbs on the scale, Ebay went into the crapper. You would sell something perfect and the buyer would steal it from you with their help.
Two cretins the world would have been better without.
An electronic payment system run by the central bank just make sense as it is just updating a ledger on their end, it’s pretty sad it’s taken the US so long to get here and once it arrives who knows how well it will work as both are banks and the government have proven themselves to be utterly incompetent repeatedly especially when it comes to technology. There are few technical challenges to this compared to so many other initiatives the government has forced on the financial companies.
Two failed banks, $54B pumped into CS, and VIX at 24.
Fuck off……
“Opinions or knowledge anyone? What is the difference between holding a First Republic CD versus owning a brokered First Republic CD custodied on another platform?”
Would not even begin to speculate and encourage you to get real advice…EOD theoretically the proceeds are covered to $250k regardless but process and availability can intervene…?
Major shitshow occuring in my niche of the world…long puts in SIVB and SBNY may not get paid out tomorrow…they are super deep in the money but the process may make them worthless….with trading closed in the options and shares only way to realize value is to find shares or exercise the option without shares, ie go short…major issue there for IRAs (can’t), brokers who don’t allow shorting in any account (!, who would have thought, oops, RH), and relying on broker who is under no obligation to find you borrow and can charge whatever carry they want if they do…
When theory meets reality…my trading group guys write options so they are the other side of those longs, one is out $250k already as he was assigned yesterday, another is $300k exposed and praying to God RH fucks up these assignments…can you imagine hanging around the last three days and through Saturday afternoon having a swing of $300k on an ‘investment’ of less than 1% of that amount with the outcome based on some broker’s interpretation of what everyone thought were inviolable finance tenets?
Point is, what we were taught in school and even on the job can break down in a bad reality…get good professional advice, ideally some with first person real experience.
https://www.forbes.com/sites/brandonkochkodin/2023/03/15/retail-traders-left-hanging-as-brokers-halt-transactions-on-silicon-valley-bank-just-as-bets-are-set-to-pay-off/?sh=345f6afd3f55
Pumps, blockchain is not something any privately run ledger should be running on because of the sheer expense of “proof of work” as validation. You could build a distributed ledger using hashing to ensure integrity with designated trusted entities but it would not be blockchain per se. Blockchain would not scale to the level required for this type of payment system and consensus authority makes zero sense here as the fed is the ultimate authority.
The EU SEPA instant payment system is nowhere near fully adopted unless you live in Slovenia. As I said it’s a Brussels decree.
There is too much money to be made in banking fees, the banksters simply do not offer it or even charge other fees on top of it. You can pay depending on which EU nation you live in up to 12 Euro’s per transaction. The EU banksters instead offer alternative non-instant transfers or credit cards that are “free” but nothing is free there is a cost intertwined somewhere. Why do they want non-instant transfers?
Well they take that money while they are holding it and invest it somewhere for a quick buck.
Point is don’t underestimate the banksters or politicians, except maybe if you live in Canada.
So it will be manipulated…got it.
JCer says:
March 16, 2023 at 11:44 am
Pumps, blockchain is not something any privately run ledger should be running on because of the sheer expense of “proof of work” as validation. You could build a distributed ledger using hashing to ensure integrity with designated trusted entities but it would not be blockchain per se. Blockchain would not scale to the level required for this type of payment system and consensus authority makes zero sense here as the fed is the ultimate authority.
Juice that is true any solution is dependent on member banks accommodating the solution and of course friction less transactions are a bad thing for the banking business it deprives them of fees and of course makes moving money easier which is the last thing any bank wants to do. Regulatory capture has ensured no disruption occurs in the sector and lobbying keeps the cash cow alive.
JCER re: “it’s pretty sad it’s taken the US so long to get here”
It’s still out there on the horizon folks. Washington DC is locked and loaded with high paid lobbyists who will try and get rid of it.
As I said if I were a betting man it would be the banks and credit card companies that win here with them it is always heads I win tails you lose.
designated trusted entities?
In God we trust, all others pay cash?
Maybe pumps is onto something. God should get back in the office, enough from him working from home.
Modem baud rates
110 – aka teletype
300
1200
2400
4800
9600
14,400 (14.4k)
28,800 (28.8k)
56,600 (56k)
Started with 300 baud on a C-64
Jcer I am developing a new quantum encryption ledger. Figure I will release it with a quantum rewards for solving computational difficult but not impossible puzzles. To make it simple it will run on any smartphone too, this way you can have it working for you 24 x 7 x 365. Once you get to the point where you have earned enough quantum rewards the AI running it will automatically double your rewards if you recruit new members to work and contribute to your rewards. The more people you recruit the larger your quantum rewards will be. Also these quantum rewards with be tradeable on our Quantum Meta Exchange 24x7x365 for Bitcoin or heck old fashioned money too.
Who is in? We can have this up and running in no time.
Pumps the fed has the ultimate say. The fed has accounts for the member banks and literally just adjusts account balances between banks, the sending bank confirms the customer has enough funds, contacts the fed to initiate the transaction, the fed handshakes with the receiving bank to accept the incoming funds, the receiving bank determines the account is valid and can accept the funds and credits the account and their fed balance. Basically no money need change hands the customer accounts are adjusted and the fed balances are adjusted real-time. Think of it this way the banks just adjust the customer accounts with either a credit or a debit and the fed does the same between the banks. I image the fed would create a new ledger for these small transfers and on a daily basis would apply adjustments to the accounts between the banks.
Does your bank manipulate balances? Your comment makes no sense. Bank transfers are different from CBDC which could totally eliminate banks from transaction processing. The fed manipulates a lot but this is pretty cut and dry move funds from a to b on a ledger.
https://www.cnbc.com/video/2023/03/15/you-dont-want-to-be-a-hero-in-this-environment-says-big-short-investor-steve-eisman.html
https://www.cnbc.com/video/2023/03/15/you-dont-want-to-be-a-hero-in-this-environment-says-big-short-investor-steve-eisman-part-2.html
Apple II with modem at my friends house we would all gather in the basement to learn he was a school teacher it was on loaner. Later Timex Sinclair with a modem, it was garbage. C64 with modem too later on, with the tape drive and vic modem. Slow as balls. Took forever to download the naked pics.
Phoenix, maybe Paypal, and it sounds like you have some first hand experience but on Venmo I am 95% certain once it’s gone, it’s gone provided you actually pushed the send button…
Don’t use it frequently…transfer for March Madness pools, friends doing a $1B lotto ticket pool, etc…but distinctly remember the warnings on Venmo to that effect…and clicking through for details being surprised that if I sent it to the wrong recipient by mistake – fact finger the wrong number – it still can’t be claimed back even if discovered immediately…the dude who just miraculously had your money accidentally land in his account must send it back to you and if he doesn’t feel like, too bad…
Distinctly remember walking away with the conclusion that Venmo essentially equals cash…you hand it to someone, it’s gone.
Everything is already in a ledger. The only difference being the entries are not individually encrypted with an external key the Fed or Bank does not have. All of the transactions are atomic and all transactions will survive permanently, even in the case of complete system failures.
The only time you really lose money is when the government seizes it, but you have recourse already in the courts to prove it’s yours and you earned it legally.
That for some is the problem and why the solution is crypto, the crooks and money launders don’t like being caught and don’t like their money taken by the government. It is the only real use case for crypto.
Left you are right on Venmo it isn’t much different than handing someone cash. Basically the fed is just going to do this in house cutting out the middle man, Venmo. With Venmo the settlement of the Venmo transactions was done through an intermediary, Venmo now with the fed solution they can adjust bank reserves in real-time.
With Venmo, once it gone its gone. If its someone not in your “list” you do have to input the last four of their cell number to verify, so that is somewhat of a safeguard.
I only use it to occasionally settle golf bets, pay guest fees, split tabs if someone doesn’t have cash, etc.
They are getting desperate……. brokered FR 2/9/24 625 YTM FDIC insurance
chicagofinance says:
March 16, 2023 at 11:22 am
Opinions or knowledge anyone? What is the difference between holding a First Republic CD versus owning a brokered First Republic CD custodied on another platform?
Ridiculously cheap. When rates drop, should reverse.
“Stepped into a starter long position in VNO…wrote puts, long some longer dated calls, write some nearer term calls….premiums literally went off the charts…”
Chi – Bing AI to the rescue.
The AI tells me brokered CDs are designed to be traded on the secondary market easily, but may not be FDIC insured. Check the fine print it warns!!
Who needs a financial advisor anymore anyway? Heck AI Financial Advisor can probably pass the Series 7, and Series 65, Series 66 and CFP exams simultaneously in a matter of seconds. Best thing about about my AI Financial Advisor (I will call him FART (Financial Advisor Rad Tech)) is he will sing me any tune on demand not just English boy bands from the 1980s.
Burry made a good point.
2008 was a solvency crisis, what we witnessed over the past week is a liquidity crisis.
While most compare this episode with 2008, I believe that the best comparaison is actually 1907.
—
Crisis of 1907:
The Panic of 1907 was a financial crisis set off by a series of bad banking decisions and a run on the bank caused by public distrust of the banking system.
J.P. Morgan and other wealthy Wall Street bankers lent their own funds to save the country from a severe financial crisis.
__
It took the biggest players support in order to support the banks. The stock market bottomed 3 weeks later.
The FED was created shortly after in order to avoid any similar situation to happen again. To me the depositor fund solution that was laid out over the last weekend has a very similar impact than what JPM did a century ago.
Europe is way ahead of us in so many ways, it’s incalculable. 25 years ago, to cut down on fraud, they started bringing the credit card reader to the table when you rang up checks. There was not a single location where you actually handed your card off to someone. Though, just a look at their subways or trains (or buses). So many built decades before ours, yet nary a breakdown or even a stop between stations. In America, trains are the slowest means of transportation. It’s the opposite in the rest of the world.
Sadly, probably 95% of Americans think the rest of the world is more like Mexico than say, Germany or Japan or even Singapore (or Costa Rica).
I also asked Bing AI a follow up question.
What are some risks of brokered CDs?
Some of the risks of brokered CDs are:
Market risk: This is the risk that you’ll sell your CD on the secondary market for less than you paid. This may happen if interest rates rise and your CD becomes less attractive to other buyers. Ideally, you’ll keep your CDs until maturity and eliminate that risk.
Credit risk: This is the risk that you’ll lose your money if the issuing bank fails. You should verify that any issuing banks are safe and FDIC-insured. You might be tempted by attractive CD rates that are much higher than you can find locally, but the tradeoff is that you need to assume more credit risk.
Call risk: This is the risk that the issuing bank will redeem your CD before maturity if interest rates fall. This means you’ll lose out on the higher interest rate and have to reinvest your money at a lower rate. You should check if your brokered CD is callable or non-callable before buying it.
Sources below.
Learn more:
1. thebalancemoney.com
2. bankdealguy.com
3. nerdwallet.com
4. kurtalawfirm.com
5. marketwatch.com
+2 more
Juice,
Pretty much same progression of the nudy pics downloads, minus the $99 Sinclair. The keys would break on that thing within a week.
The Vic20 was annoying because Commodore’s OS was annoyingly proprietary. Things improved drastically about the time the PC/AT/XT exploded.
I had a Kaypro too. And of course my Trash-80.
Lib – they started bringing the credit card reader to the table.
Yes 1990s too but only because they forced CHIP card with PIN numbers on everyone to cut down on the massive amount of fraud going on at the time. Credit cards were new to the bourgeoisie in the EU not everyone had one, then began rampant massive plastic pilfering going on with card cloning.
We went CHIP but optional PIN. You can thank Congress for that. They lobbyists made sure you keep swiping, now we have contactless promity cards too. Apple and Google get their VIG foist too if you want to be cool and wave your magic phone around.
I had a Vic20 at the time, but not very long.
C-64
XT PC Clone (laughable)
Amiga 500
Amiga 2000
More PC Clones (still aughable)
Mac IIfx
SGI Indy
Lib – Kaypro – Was that the IBM PC compatible clone version? Their other proprietary OS was garbage from what I remember which isn’t much.
I worked on an IBM Model 5150x for years in addition to other clones running the Bill Gates MS-DOS. We were all wowed when Compaq released their laptop aka portable clone. I spent hours on it in the local Radio Shack staring at that tiny green screen, and later when someone’s Dad got one from work we would commandeer it to download nekked pics or found some already downloaded on floppy.
C-64 had an epic pirate community, that was the appeal.
Tons of games, easy enough to copy.
I can’t imagine that any of those software companies made much money.
Anyone remember Zork?
“They are getting desperate……. brokered FR 2/9/24 625 YTM FDIC insurance”
You hit that…headlines some non-bailout bailout coming from GS, JPM, etc…trading just got halted, news pending I guess….
Man, my portfolio is getting whipped around today, and I don’t even have that many positions in there…
JB, FART AI definitely worth a trademark.
Anyone Remember Zork?
It’s all out there still on the Wayback machine and playable including manuals.
I won’t link, last time I did Libturd got lost for a weekend as it is a nice place to reminisce about childhood but the games still load and play like it’s 1984.
Zork was the reason for the 64!
I actually had a Compaq portable (the one that looked like a sewing machine) in college. I mostly mudded on it, but the Lync browser (might be misspelling it) was all the rage as were the crude websites designed for it. Since I was an RA in college, my phone line had to be free in case someone needed to call me, so I made a 300 foot telephone wire that I would run to whatever room was empty on the outside of the building. You could see that dumb wire from everywhere, but noone ever questioned it. I was already a bit of a mad scientist at Montclair after I did a fiber optic/laser communication independent study course since they didn’t offer anything close to it. I had placed a powerful laser at the entrance to the student center and built a receiver and placed it on the 3rd floor of another hall which was about half a mile away. I broadcast music through the laser and when ever someone stepped in front of it, it would stop playing in the other hall. It was pretty cool actually.
But not nearly as cool as aiming that laser at people 200 or 300 yards away to see their reaction. White guys would play with the red dot like a cat does with a milk ring. But when you pointed it at a brother, I kid you not, they would dive into the bushes or run screaming behind a tree.
Ahh, college.
Fed using it’s Bazooka to force the First Republic arranged marriage?
FSD 32.49 USD +1.33 (4.27%)today
For kicks, we ran a wifi connection from my parents house in Athenia section of Clifton to the cliff on Garrett mountain. Point to point bridge with 24db Yagi antennas – we needed to use lasers to align the antennas – which was hard as all hell during the day, at that distance, a little more than two miles.
Took two days to get it setup. First day was the antenna shot up to the cliff, second day was the antenna alignment back down. We ran the stupid setup at the top of the cliff off batteries and an inverter.
Radios in those netgear bridges were entirely illegal, that had been hacked to be able to significantly increase the radio output power.
We probably screwed up every 2.4gHz cordless phone under that 2 mile path that day.
How does this work anyway? I keep reading bailout with “deposits” JP Morgan bailing out First Republic Bank with “deposits” so customers can liquidate their accounts and move them to JP Morgan?
Is this some kind of new Fed facility we have not heard of yet? Those excess deposits at JP Morgan are usually left overnight at the Fed so they are safe and sound and earn billions for zero risk.
Some new Fed Anacronym coming perhaps FTDFBF?
Fed Term Deposit for F***KED Banks Facility.
It is just as it sounds. Private losses rescued with public money.
Don’t care which acronym you use.
Garret Mountain..
Look below Carlos all that territory will be yours one day just as El Jefe promised.
https://tinyurl.com/ya3jh47m
2011 Zuccotti Park was it really that long ago?
https://tinyurl.com/ys5xe892
Chicago,
Branch CD vs Brokered CD.
Brokered CD gets cashed out day after FDIC takes over with no accrued interest paid. Branch CD is held for term if other institution takes over or cashed out by FDIC on final business day before dissolution.
I experienced it several times during the GFC with WAMU a GA, FL and 2 banks in Puerto Rico. You will be safe as long as under 250k. Is just when do you get the money and the accrued interest cut off.
Because they can be sold in the secondary market, they trade like bonds. Sometimes you luck out. I had an AllState Bank 5 yrs CD that was redeemed 4 yrs early with all future accrued interest paid because AllState was closing down their bank.
So now you have to risk return of your initial capital to get a little bit more interest, even a delayed return of initial capital is risk.
I’ll pass and if anyone recommended it to me. What are the chances it’s FDIC insured. Their fund is $125 Billion minus what the 30 Billion they doled our for SVB bank already this week. Plenty to go around right?
Computer History Museum, Mountainview CA.
https://computerhistory.org/timelines/
Why is Silicon Valley in California? In 1956, Bell Labs’ star scientist William Shockley left New Jersey and headed west to found his own company. His talented team soon deserted their mercurial boss to start Fairchild Semiconductor and its innovative silicon chips spawned a vibrant new industry.
I listened to Powell’s SVB/Signature bailout speech. Though, in principle, I am against it due to the moral hazard it presents. I am fairly certain it won’t cost taxpayers anything in the end.
The moral hazard stems from the banks not having to concern themselves about risk management if DC will always have their back. And each time a bank fucks up, the banks will be larger as the government lets small banks fail regularly.
Why won’t it cost the taxpayer anything? Because the problems the banks are suffering from are only a liquidity issue and hardly a solvency issue. By borrowing from the FDIC teller window, a bank having a run on it should be able to get through the liquidity crunch and really shouldn’t have an issue paying it back.
So in the short-run, sure, it’s a bailout. And quite honestly, the contagion likely would have been horrific and much more expensive had it not been done.
In the larger scheme of stupid moves our government has taken. This one ranks pretty low.
Throw in some perp walks and bonus clawbacks and I’d be ranking Powell right behind Volcker in my top three fed chair list. I liked Greenspan too.
Father worked for IBM, remember getting the PC jr as a family gift one christmas. I seemed to be the only one interested in it. Remember running a phone line across the family room to connect it to dial up. Look at these numbers
Nov 1983
Today, IBM is announcing the IBM PCjr System Unit/Keyboard
4860 Models 4 and 67. The IBM PCjr is a small, low-cost system
which is compatible with the other members of the IBM Personal
Computer family. PCjr is designed for use in home and educational
environments and for personal productivity applications.
Highlights
IBM PCjr System Unit/Keyboard (4860)
. A compatible member of the IBM Personal Computer family (INTEL
8088 microprocessor)
. Model 4: 64KB, two cartridge slots, transformer
. Model 67: 128KB, two cartridge slots, one 360KB diskette
drive, transformer, including the 64KB memory and display
expansion
. 62-key cordless keyboard (provides all of the function of the
83-key IBM Personal Computer keyboard)
. A variety of optional I/O devices for attachment through
built-in jacks.
IBM PCjr Diskette Drive (0005)
. 360KB storage on double-sided diskettes
. Reads and writes single- or double-sided diskettes
. Included as a standard feature on Model 67
. Customer installable on Model 4.
IBM PCjr 64KB Memory and Display Expansion (0007)
. Provides 64KB memory expansion for a total of 128KB (less 16KB
video buffer)
. Provides 80-column text display support
. Enables use of higher density video modes
Number of colors Number of colors
supported with supported with
Resolution standard density high density
160 x 200 16 16
320 x 200 4 16
640 x 200 2 4
. Plugs into a slot on the system board
. Included as a standard feature on Model 67
. Customer installable on Model 4.
IBM PCjr Internal Modem (0008)
. Auto dial: either dual-tone modulated frequency (DTMF),
touch-tone*, or pulse dialing (rotary dial) by software
command.
Lib fuck them and the horse they road in on. $74 billion loan book Invested in startups, a vast majority which will never have any revenue whatsoever. There is also some kind of bridge loan product that is dependent on new fresh funding rounds. A fucking Ponzi loan.
https://www.nbcnews.com/business/business-news/unusual-lending-practices-silicon-valley-bank-rcna75252
Crazy market day. This is not healthy.
Fed released its balance sheet for the week…up $284B total due to banks of which $148B was window borrowing (!) and $12B under the new facility which is lower than I would have thought honestly….
So, saying this out loud just to understand it…Because banks go upside down a decade ago the Fed buys a ton of securities over years to drive interest rates lower after which to normalize they raise rates and sell some of those securities to move rates back up which causes banks to go upside down which causes them to buy a whole bunch of securities from banks…Got it…..Well done boys! /s
I was not even going to mention crypto failures, but it needs to be said loudly. This shit needs to stop. The have bailed us all into this nonsense again, by using commercial banking when it should only be investment banking taking these risks. Thank god that cock sucker SBF got caught with his hands in the cookie jar, if they had gotten what they wanted from the regulators every one right now would be holding the bag.These cock suckers could not get what they wanted from the SEC so they went around and drained money from the commercial banking systems and even bought their own banks in an attempt to create their Crypto/Defi vision of the future. Burn it all down already.
SGI Indy that’s a serious piece of hardware for the day. I worked with one on an Internship. First place I saw the Luxo Jr Demo.
https://www.youtube.com/watch?v=6G3O60o5U7w
My buddy has a 2.4GHz Mesh node on the top of Garret.
IBM CGA graphics killed it as a gaming system compared to the lowly C64, which would blow it out of the water having all 16 colors available in 320×200 mode. Far better audio as well, with 3 voices supported, compared to IBM’s awful 1 voice, 1 bit audio screecher.
Once Amiga hit the scene, IBM died as a gaming platform for something like 2 decades. Colors went from 16 fixed, to 32 colors out of a palate of 16,777,216. Halfbrite took that to 64 colors of 16m, and HAM to 4096 colors. Audio went to 4 voices, with 8 bit pcm that was good enough to play recorded audio samples.
Mac blew this out of the water with 256 colors in 640 x 480.
By that time Sound Blaster was a household name, decent videocards had PCs pushing even higher colors/resolutions, and the gaming crown shifted to PC.
Juice,
I agree with you. But you and I both know, large banks will not be allowed to fail. Large companies too. Or even the mega-rich. Angelo Mozilo never had to pay a single penny after being a major player in the subprime crisis and making half a billion while doing it. He was eventually brought up on insider trading and fraud charges and penalized 62 million of which Country Wide would have had to pay 20 million of it since he had an indemnity clause in his contract. But it didn’t matter in the end as the US decided to drop all charges and penalties when he wouldn’t stop appealing the charges and the Federal government found it no longer a wise use of taxpayer dollars to waste more on collecting the penalties than what the penalties were worth.
Remember people. We have our own aristocracy too. I sometimes question if our government is the most corrupt in the world?
Yeah. I know of no one who owned an SGI. I’ve only seen them used in the big money corporate world and in universities.
I remember all of us huddled around the first one we received at Montclair State when they turned it on for the first time. I was never allowed on it which mattered little to me. I had a much better time setting up our computer labs to run multiplayer Doom and Warcraft.
“Lib fuck them and the horse they road in on.”
With you on that…no credit risk at maturity of course, but mark-to-market losses tell you there is a cost.
Also regarding moral hazard it’s just not on the bankers’ side but the corporates as well. I am so tired of MSM parroting vested interests’ talking points of ‘what about all the innocent companies who need to meet payroll’?
There are over 4000 public companies worth over $50m and at least a similar number of private companies….so these 8,000 who managed their cash balances well, were aboveboard with their bank dealings, and had competent management are derailed by a few dozen idiots and self dealing fools who voluntarily risked their companies’ and employees’ well being in exchange out of fundamental ignorance of basic tenets a first year Wall Street analyst understands or for preferred personal treatment in an arrangement if done anywhere in a brokerage would send the participants packing?
ROKU had $500 million unsecured at SVB…the CFO?
Can’t make this shit up….In 2008 he was a Divisional CFO in…..drumroll….Washington Mutual, whose failure in 2008 still ranks as the largest bank failure in history.
It is entirely clear how CW aligns with people like him, or Tenev [allegedly] running HOOD…they are all equally incompetent. Competent companies would run from CW recognizing her as the poseur she is; and competent investors would run from her companies recognizing them as the incompetents they are.
Major banks don’t even lend to each other overnight unsecured, they take US Treasuries as collateral, yet this clown handed $500m unsecured over to a regional bank….between his time at WaMu and this it may be a close race who is affiliated with potentially setting more money on fire, this CFO or CW that invests in him and his company. Match made in heaven.
This situation and the bailout of these parties is a major slap in the face of the 99% of finance professionals and corporate management who show up every day for decades doing things the right way. Repulsive.
Any of you guys dabble with DEC terminals in elementary school? I learned Minitab and BASIC on them.
SGI Indy that’s a serious piece of hardware for the day.
Got an earlier R4000 in the late 90s for $4k.
the contagion likely would have been horrific and much more expensive had it not been done.
I’m not a fan of the rationale that’s used far too often effectively saying, “It would have been worse.” It’s impossible to prove negative. I am not an expert in this field and can’t say that I’ve read everything out there about SVB, but I’ve read quite a bit and haven’t seen much about contagion. In fact, I’ve seen the opposite.
In the larger scheme of stupid moves our government has taken. This one ranks pretty low.
Unfortunately, true. But still not a good one at all.
Throw in some perp walks and bonus clawbacks and I’d be ranking Powell right behind Volcker in my top three fed chair list.
From your lips to god’s ears, but doubtful.
I liked Greenspan too.
Greenspan of the Greenspan Put? hard pass
SGI folded because they bet the farm on Intel Itanium and 64-bit. Intel did them dirty and muffed it up for almost a decade and never had a functional chip year after year after year. When it was finally delivered AMD had caught up and had created their own competing architecture as well as IBM already had 64 bit Power line on the market. There was no need for SGI when you can run an Apple G5 on IBM Power chips or Windows on AMD x86-64 Architecture. Poof then bankruptcy sale.
Contagion, yeah for the VC Universe, but it is still going to happen. The MBS and Treasures were sold already. They cannot sell that 74 Billion dollar loan book to anyone. Trash folks nobody wants to bank these startups. I expect many to fold now because they can no longer get their bridge Ponzi loans until the next round of funding comes along.
Perhaps Gavin Newsom should have bailed them out with California taxpayer money instead. They seem to be flush.
Speaking of Ryan Reynolds.
The next billionaire is going to be Jake Paul. I just witnessed a bicycle gang of young kids at my local store clearing out the stock of the power drink Prime.
I meant his brother Logan Paul.
BCDAG: thank you; as an aside, off the platform I use, there is no bid for CD’s, so I believe that such a market is significantly illiquid. Hence, hold to maturity.
BrokeredCDs AreGood says:
March 16, 2023 at 2:03 pm
Chicago,
Branch CD vs Brokered CD.
Brokered CD gets cashed out day after FDIC takes over with no accrued interest paid. Branch CD is held for term if other institution takes over or cashed out by FDIC on final business day before dissolution.
I experienced it several times during the GFC with WAMU a GA, FL and 2 banks in Puerto Rico. You will be safe as long as under 250k. Is just when do you get the money and the accrued interest cut off.
Because they can be sold in the secondary market, they trade like bonds. Sometimes you luck out. I had an AllState Bank 5 yrs CD that was redeemed 4 yrs early with all future accrued interest paid because AllState was closing down their bank.
In this vein, Rep. Ro Khanna is a mega-asshole of the highest order. A real shame, because he is quite brilliant, but a total scumbag.
https://khanna.house.gov/about/about-rep-khanna
Juice Box says:
March 16, 2023 at 4:44 pm
I was not even going to mention crypto failures, but it needs to be said loudly. This shit needs to stop. The have bailed us all into this nonsense again, by using commercial banking when it should only be investment banking taking these risks. Thank god that cock sucker SBF got caught with his hands in the cookie jar, if they had gotten what they wanted from the regulators every one right now would be holding the bag.These cock suckers could not get what they wanted from the SEC so they went around and drained money from the commercial banking systems and even bought their own banks in an attempt to create their Crypto/Defi vision of the future. Burn it all down already.
Yeah Fucker Khanna is a crypto apologist, said it was an early stage technology even with all the failures and scams.
As mentioned previously the Internet Revolution was 1983. Symmetric and Asymmetric key encryption has been around much longer than that.
Fact is what the unknown mystic Satoshi created is a massive NERD game of guessing a number. That is it! You guess the number and you win Bitcoin. It is worse than a cheap magician. All the numbers can be guessed. They are not uncrackable. All you need in massive computing power.
All crypto needs to die!
The End Is Nigh (Fast Eddie Edition):
https://nypost.com/2023/03/16/north-jersey-is-the-hottest-rental-market-in-the-us-study/
“We just saw the macro turn in my view which will likely mark the end of the bear market.
•Bond yields crashed 25% increasing risk premium
•PPI print coming in 15% lower (4.6 via 5.4)
•FED/Gov stepped in to provide liquidity for banks
•Balance sheet grew $300b last week offsetting QT
•Interest rate terminal rate and cuts changed 180* last week
•Everyone thinking about 2008 and a massive crash
We went from a lot more rates, more QT and higher inflation to lower inflation, cuts, easing and liquidity increase within a week.
This can easily be seen as a big macro change that usually marks key turning points within markets.
The best is that it is hidden within a banking crisis panic. Again this is a liquidity issue, not solvency and the gov learned from 2008 to act fast, which they did last weekend issuing the equivalent of deposit insurance.”
Ro Khanna was 100% balls to the wall FTX and embarrassed himself when challenging Terry Duffy of CME group on crypto. He’s a tool and easily, a big part of the problem.
https://youtu.be/Uqf7Es5gUAM?t=7066
Is this your eighth call now on the end of the bear?
Lib,
I try to stay open minded. When I find information that I think deserves discussion, I post it on this board. This guy has a point. Not saying I agree, but it def deserves attention.
How many hours of actual work does the average corporate employee do per 8 hour day?
https://twitter.com/realestatetrent/status/1636525750462345216?s=46&t=0eaRjeKWHSIY8WCyPT4KMg
Dumb teacher for the win. Exactly wtf I said. Hence, the love for wfh by said workers.
“Quality of hours matters much more the number of hours of work in creative jobs. I typically shoot for ~4 hours/day of high-quality high-intensity focused work. If I can get more, all the better.”
“I was taught when studying Agile project management that most engineering formulas for work include what’s called a discount rate of 50-67% is the actual work out of 40 work hours in a week.”
Pumpkin knows nothing…he doesn’t work corporate.
Well, i teach. Aka I am a manager on the front line of “new workers.” I know wtf I know based on avgs over an 18 year career. I know what these kids are thinking before they think it. I understand human beings. Hence, my ‘human nature’ jabs I use on a daily basis here.
PFFFFFFT…
Hunter made sure his dead brother’s widow got money from China?
BRT – scary shit.
Here is the entire 3 hour hearing with SBF last year.
This turd SBF already was stealing billions at the time.
Again derivates clearing etc.
I know it’s long, but well worth watching and writing your congress critters.
https://www.youtube.com/watch?v=Uqf7Es5gUAM
Nobody should be pumping Crypto folks. If they are well wish em well and find new friends.
Booya boycott open houses