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

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ScoobyDoo said:
Fair enough. By simple I mean keeping it up should be simple. We have massive amounts of redundancy available in IT systems nowadays. Something this important.....
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Southwest's Christmas meltdown was reportedly caused by an aging crew scheduling system/process. Who pays for the multi-year transformational programs needed to fully move all the airlines over to modern IT platforms? You, the consumer, in the form of higher airfares and even more service cuts. In an industry where most of the consumers are typically very sensitive to price, and poor experiences are typically forgotten by the time the consumer is ready to buy another "cheapest available" ticket, improving the internal-facing systems we never see is a hard sell.
 
FadeToBlack&Gold said:
Southwest's Christmas meltdown was reportedly caused by an aging crew scheduling system/process. Who pays for the multi-year transformational programs needed to fully move all the airlines over to modern IT platforms? You, the consumer, in the form of higher airfares and even more service cuts. In an industry where most of the consumers are typically very sensitive to price, and poor experiences are typically forgotten by the time the consumer is ready to buy another "cheapest available" ticket, improving the internal-facing systems we never see is a hard sell.
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Not to mention transitioning from a legacy system to something new more often than not turns into a massive cluster****.
 
FadeToBlack&Gold said:
Southwest's Christmas meltdown was reportedly caused by an aging crew scheduling system/process. Who pays for the multi-year transformational programs needed to fully move all the airlines over to modern IT platforms? You, the consumer, in the form of higher airfares and even more service cuts. In an industry where most of the consumers are typically very sensitive to price, and poor experiences are typically forgotten by the time the consumer is ready to buy another "cheapest available" ticket, improving the internal-facing systems we never see is a hard sell.
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You realize that Southwest had ZERO issues handing out big rewards to their shareholders, right? I'm beginning to think Wall Street and shareholders are 99.9% of our problem in this country. And, if the prices have to go up, so be it. Maybe less air travel would be a good thing.
 
ScoobyDoo said:
You realize that Southwest had ZERO issues handing out big rewards to their shareholders, right? I'm beginning to think Wall Street and shareholders are 99.9% of our problem in this country. And, if the prices have to go up, so be it. Maybe less air travel would be a good thing.
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We don't need less air travel.

We need to butcher the richest 10,000 families in this nation and distribute their wealth to the poor.

Hoarding wealth while people are in poverty is a crime against humanity.
 
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Kepler said:
50 years?

Quadrillions.
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There's an estimated 400-500 trillion in global wealth. The shift from green alone is probably in the $50-$100 trillion. That's 12-25% of the globe's money. I don't think we're going to see more than that. Still need to eat, move shot, and live somewhere.

if we were smart, we would have issued those tens of trillions in historically low interest debt to fund green energy technology development.
 
dxmnkd316 said:
There's an estimated 400-500 trillion in global wealth. The shift from green alone is probably in the $50-$100 trillion. That's 12-25% of the globe's money. I don't think we're going to see more than that. Still need to eat, move shot, and live somewhere.

if we were smart, we would have issued those tens of trillions in historically low interest debt to fund green energy technology development.
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The point is in half a century we will have seen that number increase again by a huge percentage.

In 1950 being a millionaire still meant something. Now it means you are a retired middle class person.
 
Kepler said:
We don't need less air travel.

We need to butcher the richest 10,000 families in this nation and distribute their wealth to the poor.

Hoarding wealth while people are in poverty is a crime against humanity.
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Your ideas are intriguing to me, and I wish to subscribe to your newsletter.
 
dxmnkd316 said:
The shift in global wealth to green energy over the next 50 years is going to be measured in the tens of trillions.
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The COP28 climate talks will be led later this year by a sheik who runs an oil company which pumps four million barrels each day, with plans to expand to five.
 
ticapnews said:
The COP28 climate talks will be led later this year by a sheik who runs an oil company which pumps four million barrels each day, with plans to expand to five.
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Yeah, that's why the Saudis had an IPO, are investing in foreign assets/funds, and buying other shit that isn't related to oil. They're diversifying because they know oil today is like coal in the 90s. The last gas-fueled consumer vehicle produced in the US is probably within my lifetime. Unfortunately plastics are still probably equivalent to the 1950s for coal. Either way. Peak oil happens in my life. And it won't be because we run out, it will be because we're finally drowning or boiling.
 
Someone either made an unauthorized change, or they didn't follow the change plan and lacked a suitable backout plan once they deviated from the original change plan. Either way, sounds like a classic case of cowboy IT.

EYh5s5k.png
 
FadeToBlack&Gold said:
Someone either made an unauthorized change, or they didn't follow the change plan and lacked a suitable backout plan once they deviated from the original change plan. Either way, sounds like a classic case of cowboy IT.

EYh5s5k.png
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Cowboy IT is the new IT. Been working in IT now for 27 years and it has only digressed over that time.
 
dxmnkd316 said:
Yeah, that's why the Saudis had an IPO, are investing in foreign assets/funds, and buying other **** that isn't related to oil. They're diversifying because they know oil today is like coal in the 90s. The last gas-fueled consumer vehicle produced in the US is probably within my lifetime. Unfortunately plastics are still probably equivalent to the 1950s for coal. Either way. Peak oil happens in my life. And it won't be because we run out, it will be because we're finally drowning or boiling.
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That is probably the best way I have seen that worded.
 
FadeToBlack&Gold said:
Someone either made an unauthorized change, or they didn't follow the change plan and lacked a suitable backout plan once they deviated from the original change plan. Either way, sounds like a classic case of cowboy IT.

EYh5s5k.png
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Is that like when back in the day if you pulled out a jump drive without properly closing it you risked it crashing and dying? What the hell year is this?
 
So I'm sorry for having anther Adult Econ 101 type question, but I'm struggling to find relevant answers with Google-fu:

SITUATION - My current vehicle (2008 Subaru Tribeca, 200k miles) is approaching the end of it's life. Cause of COVID, I invested in some pretty HD maintenance on it, so overall it's still in cromulent shape. As it stands I don't see any reason I couldn't push it for another 2-3 years & 40-50k miles if absolutely needed. But if something else does come up, I feel Im at a point where there isn't a significant return on the investment put in. So I'm looking to purchase a new vehicle, but I have some time before a purchase would be forced.

I'm looking at a Pickup or Mid-size SUV that'll be capable to tow 5,000-6,000 lb. Some light window shopping has shown that as things stand, I can find lightly used options in the $40,000-48,000 range and the same new runs around $45,000-53,000.

Barring something catastrophic, I'll have around $18,000 cash in hand ready to go and will finance the remainder. I'm steadily putting around $1,000/month into savings, so if I keep my current vehicle, that number can continue to grow at a solid clip.

Question: Is the economy trending in a direction to where I'm better off getting my financing squared away soon and getting a decent rate while prices are somewhat high, or do I want to keep saving, wait for prices to come down on the vehicles, pay more upfront, and take the hit with a higher interest rate? Getting something soon is more of a want instead of need, so I'm just trying to see what the better play is while I have some flexibility.
 
Honestly, if you can come up with a near 50% down payment, just buy the vehicle you want and pay the loan off as quickly as possible. I don't get the idea that interest rates will be getting lower any time soon, but I'm also not sure if they're going to continue to rise meaningfully (and if they do rise, likely not much). If you can manage to throw money at the loan and pay it off early, a half interest point won't add materially to the overall amount you pay.
 
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