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Business, Economics, and Taxes 2: That's Why We Fight to Take the Means Back

Every economist worth a lick is warning of the impending AI bubble and a gas shock like we've never seen. Europe has about a month of jet fuel left; parts of Asia even less. Costs have exploded.

So of course the S&P 500 is once again racing to an all-time high. SPY is about to hit $740 (it was $680 a month ago). If you played options right you made 65x your money. (Narrator: He didn't play the options market right)
 
ticapnews said:
Every economist worth a lick is warning of the impending AI bubble and a gas shock like we've never seen. Europe has about a month of jet fuel left; parts of Asia even less. Costs have exploded.

So of course the S&P 500 is once again racing to an all-time high. SPY is about to hit $740 (it was $680 a month ago). If you played options right you made 65x your money. (Narrator: He didn't play the options market right)
Click to expand...
Yeah, well, they can all fuck off cause they all signed off on Reagan's BS and until that is over were boned regardless.
 
Kepler said:
Elmo sucks but this isn't bad. The Banks Culture books are fantastic.

The interviewer is a fool to suggest work creates meaning and be wistful about it. Slavery also created "meaning." The highly diverting meaning of remaining functional in a terrifying and painful prison. That is what work is for 90% of people. The tech bros have no conception what a shitty job is and what it does to people.
Click to expand...
Lmfao, Women giving up on family to chase work! Yeah!!!!!!

Turns out all those women turned out depressed or mentally ill.

Marxist going to Marxist
 
ticapnews said:
Every economist worth a lick is warning of the impending AI bubble and a gas shock like we've never seen. Europe has about a month of jet fuel left; parts of Asia even less. Costs have exploded.

So of course the S&P 500 is once again racing to an all-time high. SPY is about to hit $740 (it was $680 a month ago). If you played options right you made 65x your money. (Narrator: He didn't play the options market right)
Click to expand...
The fun thing about the AI bubble will be what happens to all of the data centers that are being built. There's one near us and it's enormous. Like massive enormous. Waste of space and energy enormous. And they are on the edge of the investments.
 
MichVandal said:
The fun thing about the AI bubble will be what happens to all of the data centers that are being built. There's one near us and it's enormous. Like massive enormous. Waste of space and energy enormous. And they are on the edge of the investments.
Click to expand...
Take a trip to Herndon, VA. I watched an entire county be colonized by those things. It's the plant tour from Colossus: the Forbin Project.
 
MichVandal said:
The fun thing about the AI bubble will be what happens to all of the data centers that are being built. There's one near us and it's enormous. Like massive enormous. Waste of space and energy enormous. And they are on the edge of the investments.
Click to expand...
The one Kevin O'Leary has planned in Utah is 40000 acres. 162 km²

The city of Philadelphia is 83.5 km²
 
MichVandal said:
The fun thing about the AI bubble will be what happens to all of the data centers that are being built. There's one near us and it's enormous. Like massive enormous. Waste of space and energy enormous. And they are on the edge of the investments.
Click to expand...
Honestly, it'll be like the initial fiber optic buildout. Remember Level 3, anyone?

The data centers will eventually be used one way or another. There will always be a need for them, especially as everything moves to the cloud and individual PCs/laptops/phones become glorified work stations. But some of the companies will go the way of the dodo before then.
 
unofan said:
Honestly, it'll be like the initial fiber optic buildout. Remember Level 3, anyone?

The data centers will eventually be used one way or another. There will always be a need for them, especially as everything moves to the cloud and individual PCs/laptops/phones become glorified work stations. But some of the companies will go the way of the dodo before then.
Click to expand...
I really don't like "the cloud" and have zero desire to have someone else store all of my data on their computers. I'm still trying to figure out how to make my own NAS, but I need to get through our wifi router.

Storage is so cheap that it make no sense to even pay someone else to store it. And that ignores the massive security risk that someone else has my stuff and even could decide that I no longer qualify to get my own stuff. I also plan on going a different direction if MS makes me use cloud storage instead of local storage.

The whole cloud thing just makes no sense to me. Maybe I'm just too old school and have found a stack of floppies that I need to dispose of.
 
Steve Cahillane, CEO of Kraft, says that between the war, inflation and the (non-existent) job market, people are running out of money. No shit, Sherlock. Figure that out all by yourself?

Next up: Startling news that a large, yellow orb appeared in the eastern sky just after dawn...
 
unofan said:
Honestly, it'll be like the initial fiber optic buildout. Remember Level 3, anyone?

The data centers will eventually be used one way or another. There will always be a need for them, especially as everything moves to the cloud and individual PCs/laptops/phones become glorified work stations. But some of the companies will go the way of the dodo before then.
Click to expand...
But all the shit the racks are being filled with is optimized for the cyber and AI fraud, and that's where the real expense is. That investment will all been written off like a bad home loan. And we're all invested in it, even if our portfolio says P&G and Nestle. It's what the entire stock market is, like the entire bond market is how well governments are managing their energy debt.
 
Not sure what the fuck is going on in the healthcare system, but it sure seems that the private funds people are ganging up with the "healthcare providers" - aka the industry who's only goal is to make money denying you care. There's a huge dispute between a Blue Cross and Michigan, and it appears that BCBS is going to not allow their customers to use Michigan Medicine. Their alternative is Trinity Health. Which is supposedly a ministry based care system, but it also a big step down in care.

I sent a note to our rep, and the reply I got was that 300k people are stuck in the same situation.

BCBS are pretty stupid here- first doing this mid year, forcing people to make choices if they want any nominal care for the rest of this year. Forgetting that most people have spend years and decades making care relationships that are suddenly over. So at the end of they year, probably a majority of people affected will change to a different healthcare money launderer to keep our actual care the same.

BCBS is very much showing the world WHY we need to get rid of that stupid industry and go single payer healthcare. That way, we don't have to worry about for profit companies skimming my money that should be going to take care of me (and all the other people in the system), or even over pay for useless layers of management that do literally nothing to help people other than to tell the people (or AI) processing requests to say no.

I have always supported universal single payer healthcare, moreso when I did the easy math translating what we pay to the money launderers into Medicare and knowing that we could pay not only for 100% of the citizens of the US, we could afford all of the documented and undocumented people in the US. Although the last group of people would make people's heads explode. But that is how much we are over paying to people who decide what care we are allowed to have.

Fucking crazy that there's a middle industry who thrive telling us how we are allowed to spend our money on our health. This isn't car insurance or home insurance where you are betting against some kind of accident or failure, This is our health. We are ALL going to get sick and die. Some will have accidents that need care, some will get cancer that isn't an accident at all, but a result of greed, some will have genetic issues that need dealt with. ALL of us need and use healthcare and all of us SHOULD see a doctor every year.

Stop with the "insurance" BS, as that is only hedging accidents.

Universal Healthcare today.
 
MichVandal said:
Not sure what the fuck is going on in the healthcare system, but it sure seems that the private funds people are ganging up with the "healthcare providers" - aka the industry who's only goal is to make money denying you care. There's a huge dispute between a Blue Cross and Michigan, and it appears that BCBS is going to not allow their customers to use Michigan Medicine. Their alternative is Trinity Health. Which is supposedly a ministry based care system, but it also a big step down in care.

I sent a note to our rep, and the reply I got was that 300k people are stuck in the same situation.

BCBS are pretty stupid here- first doing this mid year, forcing people to make choices if they want any nominal care for the rest of this year. Forgetting that most people have spend years and decades making care relationships that are suddenly over. So at the end of they year, probably a majority of people affected will change to a different healthcare money launderer to keep our actual care the same.

BCBS is very much showing the world WHY we need to get rid of that stupid industry and go single payer healthcare. That way, we don't have to worry about for profit companies skimming my money that should be going to take care of me (and all the other people in the system), or even over pay for useless layers of management that do literally nothing to help people other than to tell the people (or AI) processing requests to say no.

I have always supported universal single payer healthcare, moreso when I did the easy math translating what we pay to the money launderers into Medicare and knowing that we could pay not only for 100% of the citizens of the US, we could afford all of the documented and undocumented people in the US. Although the last group of people would make people's heads explode. But that is how much we are over paying to people who decide what care we are allowed to have.

Fucking crazy that there's a middle industry who thrive telling us how we are allowed to spend our money on our health. This isn't car insurance or home insurance where you are betting against some kind of accident or failure, This is our health. We are ALL going to get sick and die. Some will have accidents that need care, some will get cancer that isn't an accident at all, but a result of greed, some will have genetic issues that need dealt with. ALL of us need and use healthcare and all of us SHOULD see a doctor every year.

Stop with the "insurance" BS, as that is only hedging accidents.

Universal Healthcare today.
Click to expand...

Not sure I’ve ever seen a post on USCHO I’ve more strongly agreed with. The whole system is completely nuts. There are so many people making so much money on how the system is constructed right now I doubt it changes anytime soon.
 
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