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

Fun times:
  • The Federal Reserve raised its benchmark interest rate as expected on Wednesday, marking a sharp policy turnaround for an economy increasingly shaped by the war in the Middle East.
  • This is the first rate hike since 2023 and is designed to cool spending and prevent inflation from becoming more entrenched. But it also means higher borrowing costs for Americans already struggling to afford homes, cars and other big-ticket purchases.
  • Stocks fell, with the Dow seeing its worst day in nearly a month, while the 10-year Treasury yield moved back to its highest level since 2007 as markets digested Fed Chairman Kevin Warsh’s remarks.
  • Raising rates could weaken an economy that is already showing signs of strain, increasing the risk that the Fed’s inflation fight could come at the expense of economic growth.
  • The decision to raise rates was unanimous among the Fed’s rate-setting committee, including Warsh, who was handpicked by President Donald Trump with the aim of lowering rates. The president earlier this year joked he would sue Warsh if he did not.
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Russell Jaslow said:
Formula 1 gets criticized for going to some of these despot countries. But when F1 went to Azerbaijan, I learned a lot about that country. And not necessarily things I feel comfortable about...
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That is the one with the castle at the turn, right? That is so cool.

Apparently it's an authoritarian hellscape where you disappear in the middle of the night if you are an investigative journalist. So, par for the rest of our ME buddies.

Free fusion can't come soon enough to push every gas station nation back to the stone age, starting with Moscow.
 
Kepler said:
That is the one with the castle at the turn, right? That is so cool.
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Yes. And using the actual castle wall as a wall for the track. It is one of the most picturesque cool looking courses (and it does produce some good races, better than most street circuits). I'll give them that.
 
To be honest, I don't get it. We have all the evidence we need since 1980 to prove that the average American gets fucked every time there's a merger. A huge merger like this is monopolistic by definition. So, why, no matter what "concessions" the fat rich fuck makes to make the deal would we ever allow it? It's fucking bullshit.
 
ScoobyDoo said:
To be honest, I don't get it. We have all the evidence we need since 1980 to prove that the average American gets fucked every time there's a merger. A huge merger like this is monopolistic by definition. So, why, no matter what "concessions" the fat rich fuck makes to make the deal would we ever allow it? It's fucking bullshit.
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Especially when, five or so years down the road, they end up breaking that deal with the government and start consuming more marketshare via further acquisitions. It’s Lucy holding the football for Charlie Brown, each and every time.
 
St. Clown said:
Especially when, five or so years down the road, they end up breaking that deal with the government and start consuming more marketshare via further acquisitions. It’s Lucy holding the football for Charlie Brown, each and every time.
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John Oliver pointed out all the BS last night except he was talking about United Healthcare. Same thing.
 
ScoobyDoo said:
To be honest, I don't get it. We have all the evidence we need since 1980 to prove that the average American gets fucked every time there's a merger. A huge merger like this is monopolistic by definition. So, why, no matter what "concessions" the fat rich fuck makes to make the deal would we ever allow it? It's fucking bullshit.
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The Government doesn't love you, figure it out. And you don't like competition, like I said figure it out.

This is what you vote for. LMFAO
 
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