Announcement

Collapse
No announcement yet.

Business, Economics, and Taxes: Capitalism. Yay? >=(

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Originally posted by rufus View Post

    Which is the way it should be. People who get huge refunds are suckers. You've been letting the government sit on that money all year when you could have been using it for something.

    Unless, you're the type who can't save anything, and so this is like being forced to save. Unfortunately, most people, myself included, just end up blowing their refund. "Look!! Free money!!!"
    Meh. What are you going to get? 1% interest on cash? 5% in the market on average?

    Say you don't take any allowances and you let the government sit on $2,000. And let's just pretend that it's given to the government in full on 1/1 and you get it back 12/31. That's, at most, $100 at the end of the year if you assume 5% return on a volatile security which might not be there at the end of the year. Or you might get back an extra $20 for letting it sit in a high yield money market. Fuck that noise. Let them sit on it and I get a $2,000 bonus at the end of the year and the security in knowing I don't have to come up with an unexpected bill in March/April.
    Code:
    As of 9/21/10:         As of 9/13/10:
    College Hockey 6       College Football 0
    BTHC 4                 WCHA FC:  1
    Originally posted by SanTropez
    May your paint thinner run dry and the fleas of a thousand camels infest your dead deer.
    Originally posted by bigblue_dl
    I don't even know how to classify magic vagina smoke babies..
    Originally posted by Kepler
    When the giraffes start building radio telescopes they can join too.
    He's probably going to be a superstar but that man has more baggage than North West

    Comment


    • Originally posted by SJHovey View Post

      Do I think the vote will lose 99-1? No. However, public reaction, wherever you might see it, gives you some feel for it, and that type of a response can quickly cause the rest of the Council to decide it isn't even worth the trouble.
      I don't think many of those people (based on other comment threads I have read on the Strib the past couple decades) have any clue what Rent Control is they just see the Strib write an article about it and the UBER LIBS on the Council support it so they start frothing at the mouth.

      I havent looked at the plan, nor do I live in Minneapolis, but considering the glut of unused Condos/Apartments the pricing for a lot of those places is way out of whack. Meanwhile even overpriced houses don't stay on the market long. Rent control will probably curb the constant building of more empty spaces and might actually fill them if the prices are fair. No one is paying 250k to live across the street from the Wedge...
      "It's as if the Drumpf Administration is made up of the worst and unfunny parts of the Cleveland Browns, Washington Generals, and the alien Mon-Stars from Space Jam."
      -aparch

      "Scenes in "Empire Strikes Back" that take place on the tundra planet Hoth were shot on the present-day site of Ralph Engelstad Arena."
      -INCH

      Of course I'm a fan of the Vikings. A sick and demented Masochist of a fan, but a fan none the less.
      -ScoobyDoo 12/17/2007

      Comment


      • Funny story: For about 3.5 hours today, the Federal Reserve's funds and securities clearing services had completely failed. In essence, the entire US financial industry was ground to a halt for that time. That made for a fun time in my office.

        If you had any credit card transactions or wire transfers fail, that's likely why. Or you were being fraudulent and were caught. Whichever.
        "The party told you to reject the evidence of your eyes and ears. It was their final, most essential command." George Orwell, 1984

        "One does not simply walk into Mordor. Its Black Gates are guarded by more than just Orcs. There is evil there that does not sleep, and the Great Eye is ever watchful. It is a barren wasteland, riddled with fire and ash and dust, the very air you breathe is a poisonous fume." Boromir

        "Good news! We have a delivery." Professor Farnsworth

        Comment


        • Wait, what? What does that mean? Like, the banks couldn’t access funds from the Fed?
          Code:
          As of 9/21/10:         As of 9/13/10:
          College Hockey 6       College Football 0
          BTHC 4                 WCHA FC:  1
          Originally posted by SanTropez
          May your paint thinner run dry and the fleas of a thousand camels infest your dead deer.
          Originally posted by bigblue_dl
          I don't even know how to classify magic vagina smoke babies..
          Originally posted by Kepler
          When the giraffes start building radio telescopes they can join too.
          He's probably going to be a superstar but that man has more baggage than North West

          Comment


          • GME closed at $44 yesterday. Tonight in after hours it made it up to $189 and finished at $168.

            Round 2.

            Last edited by Kepler; 02-24-2021, 11:52 PM.
            Cornell University
            National Champion 1967, 1970
            ECAC Champion 1967, 1968, 1969, 1970, 1973, 1980, 1986, 1996, 1997, 2003, 2005, 2010
            Ivy League Champion 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1977, 1978, 1983, 1984, 1985, 1996, 1997, 2002, 2003, 2004, 2005, 2012, 2014, 2018, 2019, 2020

            Comment


            • Originally posted by dxmnkd316 View Post
              Wait, what? What does that mean? Like, the banks couldn’t access funds from the Fed?
              Some info.
              Cornell University
              National Champion 1967, 1970
              ECAC Champion 1967, 1968, 1969, 1970, 1973, 1980, 1986, 1996, 1997, 2003, 2005, 2010
              Ivy League Champion 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1977, 1978, 1983, 1984, 1985, 1996, 1997, 2002, 2003, 2004, 2005, 2012, 2014, 2018, 2019, 2020

              Comment


              • Is there a Nobel Prize for Memes?
                Cornell University
                National Champion 1967, 1970
                ECAC Champion 1967, 1968, 1969, 1970, 1973, 1980, 1986, 1996, 1997, 2003, 2005, 2010
                Ivy League Champion 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1977, 1978, 1983, 1984, 1985, 1996, 1997, 2002, 2003, 2004, 2005, 2012, 2014, 2018, 2019, 2020

                Comment


                • Originally posted by Kepler View Post
                  GME closed at $44 yesterday. Tonight in after hours it made it up to $189 and finished at $168.

                  Round 2.
                  I saw it started to spike late one it was announced their CFO was told where the door was because he didn't know his a** from a hole in the ground, err, moreso because he was a brick and mortar guy who doesn't understand online sales.
                  “Demolish the bridges behind you… then there is no choice but to build again.”

                  Live Radio from 100.3

                  Comment


                  • Originally posted by dxmnkd316 View Post
                    Wait, what? What does that mean? Like, the banks couldn’t access funds from the Fed?
                    From about 11:15AM to about 2:45PM EST, the Federal Reserve was down for all clearing and transfer services. While most banks were able to recover within minutes of the FR returning to service via its BCP systems, a few less prepared companies may have been royally hosed. The FR extended its operational hours to account for the outage, so most people shouldn’t have seen any real impact in their daily lives. If you bank with First Po Dunk Bank of Hicksville, you might have seen an issue with your account this morning.
                    "The party told you to reject the evidence of your eyes and ears. It was their final, most essential command." George Orwell, 1984

                    "One does not simply walk into Mordor. Its Black Gates are guarded by more than just Orcs. There is evil there that does not sleep, and the Great Eye is ever watchful. It is a barren wasteland, riddled with fire and ash and dust, the very air you breathe is a poisonous fume." Boromir

                    "Good news! We have a delivery." Professor Farnsworth

                    Comment


                    • Originally posted by St. Clown View Post

                      From about 11:15AM to about 2:45PM EST, the Federal Reserve was down for all clearing and transfer services. While most banks were able to recover within minutes of the FR returning to service via its BCP systems, a few less prepared companies may have been royally hosed. The FR extended its operational hours to account for the outage, so most people shouldn’t have seen any real impact in their daily lives. If you bank with First Po Dunk Bank of Hicksville, you might have seen an issue with your account this morning.
                      I never really thought of small banks dealing with the Fed, but yeah, obviously they have to. That's how it works.

                      Anyways, so what does this all mean though? Is this mostly for Fed-to-bank transfers or are we talking even bank-to-bank or bank-to-account transactions?
                      Code:
                      As of 9/21/10:         As of 9/13/10:
                      College Hockey 6       College Football 0
                      BTHC 4                 WCHA FC:  1
                      Originally posted by SanTropez
                      May your paint thinner run dry and the fleas of a thousand camels infest your dead deer.
                      Originally posted by bigblue_dl
                      I don't even know how to classify magic vagina smoke babies..
                      Originally posted by Kepler
                      When the giraffes start building radio telescopes they can join too.
                      He's probably going to be a superstar but that man has more baggage than North West

                      Comment


                      • Originally posted by dxmnkd316 View Post

                        I never really thought of small banks dealing with the Fed, but yeah, obviously they have to. That's how it works.

                        Anyways, so what does this all mean though? Is this mostly for Fed-to-bank transfers or are we talking even bank-to-bank or bank-to-account transactions?
                        All bank-to-bank transfers go through the fed; think of it like a hub and spoke system with no wheel attached to the end.

                        intra-bank transfers between customers wouldn’t be impacted unless the paying customer first needed to receive assets from outside the bank.

                        my guess is that all reputable banks would have honored customer transactions and then reversed anything that then failed for reasons outside of this failure at the Fed.
                        "The party told you to reject the evidence of your eyes and ears. It was their final, most essential command." George Orwell, 1984

                        "One does not simply walk into Mordor. Its Black Gates are guarded by more than just Orcs. There is evil there that does not sleep, and the Great Eye is ever watchful. It is a barren wasteland, riddled with fire and ash and dust, the very air you breathe is a poisonous fume." Boromir

                        "Good news! We have a delivery." Professor Farnsworth

                        Comment


                        • Boeing 777 makes emergency landing in Moscow after getting engine error.

                          maybe Boeing is being paid by gates to make flying unsafe so people stop traveling until they get microchipped?

                          Comment


                          • Obviously this is just the media playing this up...

                            ;^)
                            "It's as if the Drumpf Administration is made up of the worst and unfunny parts of the Cleveland Browns, Washington Generals, and the alien Mon-Stars from Space Jam."
                            -aparch

                            "Scenes in "Empire Strikes Back" that take place on the tundra planet Hoth were shot on the present-day site of Ralph Engelstad Arena."
                            -INCH

                            Of course I'm a fan of the Vikings. A sick and demented Masochist of a fan, but a fan none the less.
                            -ScoobyDoo 12/17/2007

                            Comment


                            • Originally posted by Handyman View Post
                              Obviously this is just the media playing this up...

                              ;^)
                              On Boeing’s part yeah. Clearly seems to be an issue on the part of the engine manufacturer.
                              U-A-A!!!Go!Go!GreenandGold!
                              Applejack Tells You How UAA Is Doing...
                              I spell Failure with UAF

                              Originally posted by UAFIceAngel
                              But let's be real...There are 40 some other teams and only two alaskan teams...the day one of us wins something big will be the day I transfer to UAA
                              Originally posted by Doyle Woody
                              Best sign by a visting Seawolf fan Friday went to a young man who held up a piece of white poster board that read: "YOU CAN'T SPELL FAILURE WITHOUT UAF."

                              Comment


                              • And who hired said manufacturer?

                                Boeing doesn't get to hide behind their manufacturer when things go bad. I don't see them deflecting praise for their planes greatness and giving all the credit to the manufacturers when things aren't blowing up in their faces.
                                "It's as if the Drumpf Administration is made up of the worst and unfunny parts of the Cleveland Browns, Washington Generals, and the alien Mon-Stars from Space Jam."
                                -aparch

                                "Scenes in "Empire Strikes Back" that take place on the tundra planet Hoth were shot on the present-day site of Ralph Engelstad Arena."
                                -INCH

                                Of course I'm a fan of the Vikings. A sick and demented Masochist of a fan, but a fan none the less.
                                -ScoobyDoo 12/17/2007

                                Comment

                                Working...
                                X