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

[dxmnkd316]

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. **** 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.

[Handyman]

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...

[St. Clown]

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.

[dxmnkd316]

Wait, what? What does that mean? Like, the banks couldn’t access funds from the Fed?

[Kepler]

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

Round 2.

[Kepler]

Wait, what? What does that mean? Like, the banks couldn’t access funds from the Fed?

Some info.

[Kepler]

Is there a Nobel Prize for Memes?

[aparch]

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.

[St. Clown]

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.

[dxmnkd316]

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?

[St. Clown]

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.

[Deutsche Gopher Fan]

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?

[Handyman]

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

;^)

[Jimjamesak]

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.

[Handyman]

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.