Jimjamesak
Already insane, UAA making it worse
That’s why our contract has a defined starting wage...
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Business, Economics, and Taxes: Capitalism. Yay? >=(
- Thread starter RaceBoarder
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Deutsche Gopher Fan
Registered User
Re: Business, Economics, and Taxes: Capitalism. Yay? >=(
People lost jobs because this buffoon can’t plan or react
<blockquote class="twitter-tweet"><p lang="en" dir="ltr">fact check: Moscow Mitch McTraitor closed the Senate down weeks ago. it won't be in session until next week at the earliest. nothing can happen when the Senate isn't in session. but I don't hear you bellyaching about that</p>— Jeff Tiedrich (@itsJeffTiedrich) <a href="https://twitter.com/itsJeffTiedrich/status/1251146778457456647?ref_src=twsrc%5Etfw">April 17, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
People lost jobs because this buffoon can’t plan or react
<blockquote class="twitter-tweet"><p lang="en" dir="ltr">fact check: Moscow Mitch McTraitor closed the Senate down weeks ago. it won't be in session until next week at the earliest. nothing can happen when the Senate isn't in session. but I don't hear you bellyaching about that</p>— Jeff Tiedrich (@itsJeffTiedrich) <a href="https://twitter.com/itsJeffTiedrich/status/1251146778457456647?ref_src=twsrc%5Etfw">April 17, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Deutsche Gopher Fan
Registered User
Re: Business, Economics, and Taxes: Capitalism. Yay? >=(
Woot woot
“ Leading domestic airlines are sitting on an estimated $10 billion in customer cash from massive flight cancelations caused by the coronavirus pandemic, according to an investigation by Democratic senators.
“In light of this pressing need, and the unprecedented multi-billion-dollar bailout that the airline industry just received from Congress, we are absolutely outraged that so few airlines are willing to offer real cash refunds to consumers who must cancel their tickets.”
http://hill.cm/cEAZj1H
Woot woot
“ Leading domestic airlines are sitting on an estimated $10 billion in customer cash from massive flight cancelations caused by the coronavirus pandemic, according to an investigation by Democratic senators.
“In light of this pressing need, and the unprecedented multi-billion-dollar bailout that the airline industry just received from Congress, we are absolutely outraged that so few airlines are willing to offer real cash refunds to consumers who must cancel their tickets.”
http://hill.cm/cEAZj1H
Re: Business, Economics, and Taxes: Capitalism. Yay? >=(
The other question is how much money is sitting out there from concerts that were "re-scheduled" or postponed? Stubhub has been inundating me with offers to make purchases in the future, so their pyramid scheme must be collapsing.
The other question is how much money is sitting out there from concerts that were "re-scheduled" or postponed? Stubhub has been inundating me with offers to make purchases in the future, so their pyramid scheme must be collapsing.
Handyman
Hug someone you care about...
Re: Business, Economics, and Taxes: Capitalism. Yay? >=(
Oh it is a lot. I had tickets to 3 concerts, 2 comedy shows and a bunch of the Broadway on Hennepin plays and not a single one has been refunded despite them all being postponed. Not even an offer. The Secondary Market must be a mess as well.
Oh it is a lot. I had tickets to 3 concerts, 2 comedy shows and a bunch of the Broadway on Hennepin plays and not a single one has been refunded despite them all being postponed. Not even an offer. The Secondary Market must be a mess as well.
RaceBoarder
Waiting for the Snow to fly...
Re: Business, Economics, and Taxes: Capitalism. Yay? >=(
The flow of cash for events is an interesting journey. The reason people are so hesitant to issue refunds is that it's likely that the money has already been spent elsewhere. It's a legal Ponzi scheme in it's simplest form.
The flow of cash for events is an interesting journey. The reason people are so hesitant to issue refunds is that it's likely that the money has already been spent elsewhere. It's a legal Ponzi scheme in it's simplest form.
Jimjamesak
Already insane, UAA making it worse
I know MLS is in the same boat, they haven’t done anything to Season Ticket holders, no refunds, no credits, nothing. The games are just “postponed” so they don’t have to issue refunds.
aparch
Well-known member
Re: Business, Economics, and Taxes: Capitalism. Yay? >=(
The NBA, NHL, MLB, and AHL all pulled the same shenanigans. Because the games are "postponed," they can hang onto the cash and earn interest (or as it was pointed out, it was already spent).
Spartanforlife4
Generic Catchy Message
Re: Business, Economics, and Taxes: Capitalism. Yay? >=(
I’m not a fan of StubHub making the $15 listed tickets into $35 after fees, as has happened to me before. But where does the Ponzi scheme part come in? Isn’t it just like eBay taking a percentage of your sale?
Airlines are doing the same thing from what I read. Offering vouchers instead of refunds unless you specifically bring up the law that requires a refund if they cancel the flight.
I’m not a fan of StubHub making the $15 listed tickets into $35 after fees, as has happened to me before. But where does the Ponzi scheme part come in? Isn’t it just like eBay taking a percentage of your sale?
Airlines are doing the same thing from what I read. Offering vouchers instead of refunds unless you specifically bring up the law that requires a refund if they cancel the flight.
RaceBoarder
Waiting for the Snow to fly...
Re: Business, Economics, and Taxes: Capitalism. Yay? >=(
My reference was more towards the actual teams/venues in the sports world since they are often the same entity. I'll use the White Sox for a simplified example:
Say a season ticket costs $100. They sell 10,000 season tickets during the offseason. The bill for the season ticket comes due March 1. That gives the Sox $1,000,000 cash in hand on March 1.
On March 5th, the Sox order their concession stand supplies for the month of April. That total is $750,000. The bill for that is due immediately. The Sox pay that out of the $1mil cash they have on hand from ticket sales.
For their season opener on April 1. The Sox only have $250,000 in cash available at that point in time.
Well now the COVID happens. No baseball till further notice. The Sox still just have $250,000 of cash available at this moment. They have to eat the $750,000 in food supplies they ordered because its food that will go bad. If they outright cancelled, they would have to pay back the $1mil in tickets, but don't have that cash available. By postponing the events, they can hold on to the $250,000 and start moving money around from other places to figure out how to cover the $1mil in ticket revenue they may need to pay back. This gives them some time to pocket the revenue that is still coming in from merchandise on their official website. They are also not spending as much on maintenance since Guaranteed Rate field isn't being used and suffering wear & tear.
They accumulate the merchandise money and maintenance money and store it away. The season is fully cancelled on June 1. By then the Sox have sold enough jerseys through the website to cover the $1mil in ticket revenue that they must now pay back.
Obviously super simple, but the principles are there.
My reference was more towards the actual teams/venues in the sports world since they are often the same entity. I'll use the White Sox for a simplified example:
Say a season ticket costs $100. They sell 10,000 season tickets during the offseason. The bill for the season ticket comes due March 1. That gives the Sox $1,000,000 cash in hand on March 1.
On March 5th, the Sox order their concession stand supplies for the month of April. That total is $750,000. The bill for that is due immediately. The Sox pay that out of the $1mil cash they have on hand from ticket sales.
For their season opener on April 1. The Sox only have $250,000 in cash available at that point in time.
Well now the COVID happens. No baseball till further notice. The Sox still just have $250,000 of cash available at this moment. They have to eat the $750,000 in food supplies they ordered because its food that will go bad. If they outright cancelled, they would have to pay back the $1mil in tickets, but don't have that cash available. By postponing the events, they can hold on to the $250,000 and start moving money around from other places to figure out how to cover the $1mil in ticket revenue they may need to pay back. This gives them some time to pocket the revenue that is still coming in from merchandise on their official website. They are also not spending as much on maintenance since Guaranteed Rate field isn't being used and suffering wear & tear.
They accumulate the merchandise money and maintenance money and store it away. The season is fully cancelled on June 1. By then the Sox have sold enough jerseys through the website to cover the $1mil in ticket revenue that they must now pay back.
Obviously super simple, but the principles are there.
MissThundercat
Are the cis okay?
Re: Business, Economics, and Taxes: Capitalism. Yay? >=(
This morning, I was making my usual run for Door Dash. Some people thought I would come when the order was $2, which is the app's minimum base pay. Those people don't tip. Door Dash has a "the order is too small" option when I decline, but there needs to be an "I'm risking my *** to be out here" option.
This morning, I was making my usual run for Door Dash. Some people thought I would come when the order was $2, which is the app's minimum base pay. Those people don't tip. Door Dash has a "the order is too small" option when I decline, but there needs to be an "I'm risking my *** to be out here" option.
Spartanforlife4
Generic Catchy Message
What do you get for $2? Cup of coffee and a hashbrown? I just don’t know what I would get delivered for $2 that I wouldn’t already have on hand.
FadeToBlack&Gold
8647
Re: Business, Economics, and Taxes: Capitalism. Yay? >=(
Be careful hitting that too often, I'll bet if you do it enough they won't allow you to drive for them anymore.
Be careful hitting that too often, I'll bet if you do it enough they won't allow you to drive for them anymore.
MissThundercat
Are the cis okay?
Re: Business, Economics, and Taxes: Capitalism. Yay? >=(
$2 is the minimum base pay. I basically exist on tips. At McDonald's, I don't even think you can get a cup of coffee and hash browns for $2.
I don't have to hit it that often because most people aren't that cheap.
$2 is the minimum base pay. I basically exist on tips. At McDonald's, I don't even think you can get a cup of coffee and hash browns for $2.
I don't have to hit it that often because most people aren't that cheap.
French Rage
NICKERSON HAS [CENSORED]
Re: Business, Economics, and Taxes: Capitalism. Yay? >=(
Is the order $2 or your pay for it $2? Honest question, I'm wondering how each order breaks down in terms of who gets what.
Is the order $2 or your pay for it $2? Honest question, I'm wondering how each order breaks down in terms of who gets what.
Spartanforlife4
Generic Catchy Message
Ah, so that’s your compensation for the order. I mistook that for the total of it.
Are things pretty consistent day to day or does it get a lot busier on weekends?
MissThundercat
Are the cis okay?
Re: Business, Economics, and Taxes: Capitalism. Yay? >=(
Base pay of $2 is my compensation for the order. My base pay can go to $4, so basically I rely on the generosity of my customers.
Also, weekends are busier than week days. Friday and Saturday dinner rushes can pay big time.
Base pay of $2 is my compensation for the order. My base pay can go to $4, so basically I rely on the generosity of my customers.
Also, weekends are busier than week days. Friday and Saturday dinner rushes can pay big time.
Re: Business, Economics, and Taxes: Capitalism. Yay? >=(
Just show up for your deliveries armed to the fuking teeth! Watch the tips flow in when you're on the doorstep with full body armor and a few grenades strapped to your uniform.
Just show up for your deliveries armed to the fuking teeth! Watch the tips flow in when you're on the doorstep with full body armor and a few grenades strapped to your uniform.
French Rage
NICKERSON HAS [CENSORED]
Re: Business, Economics, and Taxes: Capitalism. Yay? >=(
If the order total is $2, does that mean you get the $2 and the app gets none? Don't get me wrong, I'm not trying to be "oh poor app" because you getting $2 for the time it takes is still ****ty, just wondering.
If the order total is $2, does that mean you get the $2 and the app gets none? Don't get me wrong, I'm not trying to be "oh poor app" because you getting $2 for the time it takes is still ****ty, just wondering.
French Rage
NICKERSON HAS [CENSORED]
Re: Business, Economics, and Taxes: Capitalism. Yay? >=(
Nope, MT isn't a cis straight white person, so her being armed goes from "freedom loving citizen" to "dangerous terrorist".
Just show up for your deliveries armed to the fuking teeth! Watch the tips flow in when you're on the doorstep with full body armor and a few grenades strapped to your uniform.
Nope, MT isn't a cis straight white person, so her being armed goes from "freedom loving citizen" to "dangerous terrorist".
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