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Business, Economics, and Taxes: Capitalism. Yay? >=(
- Thread starter RaceBoarder
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Kepler
Cornell Big Red
Is there a Nobel Prize for Memes?
aparch
Well-known member
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
Ideas Posted are Likely Not My Own
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
Lucia Apologist
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
Ideas Posted are Likely Not My Own
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
Registered User
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?
maybe Boeing is being paid by gates to make flying unsafe so people stop traveling until they get microchipped?
Jimjamesak
Already insane, UAA making it worse
On Boeing’s part yeah. Clearly seems to be an issue on the part of the engine manufacturer.
Handyman
Hug someone you care about...
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.
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.
Jimjamesak
Already insane, UAA making it worse
As explained before, the airline chooses the engine manufacturer.
Manufacturer, yes.
But Boeing holds the Type Cert for the airplane, which certifies that all of the approved engines are designed properly and are safe for use. So if it turns out that there's a design flaw in the engines, Boeing does share some responsibility (plenty of blame to go around in that case!). If, on the other hand, the engine manufacturer changed something in one of their processes after Type Certification, say, to cut cost (while declaring that the end product is still the same, but it actually turned out to be less reliable), then the blame would be almost fully on the engine company and almost none* on Boeing.
*even if the engine company just changes a process, they still have to declare it to Boeing as a "class II" change (no change to fit, form, or function of the part), and Boeing does get an opportunity to review the change to be sure they agree with that classification. So even then Boeing isn't 100% off the hook.
MinnesotaNorthStar
Minding the gap
The Russian 777 has GE engines, not the same PW engines the United flight had.
Spartanforlife4
Generic Catchy Message
NFL reporter Jane Slater tweeted this today.
It sparked what became a very circular argument. Commenters saying people should get paid for their work and that unpaid internships increase the gap between haves and have nots. Jane and some other sports media people would bring up how they got their start through an unpaid internship or their their unpaid internship started everything. Commenters would say, that's great, but you should have gotten paid for that work. Media would say it's part of the "grind." Commenters would say you should get paid for your grind. And it continued on until the argument was stripped down to the always wonderful "that's what I had to do to make it, so you should too."
It sparked what became a very circular argument. Commenters saying people should get paid for their work and that unpaid internships increase the gap between haves and have nots. Jane and some other sports media people would bring up how they got their start through an unpaid internship or their their unpaid internship started everything. Commenters would say, that's great, but you should have gotten paid for that work. Media would say it's part of the "grind." Commenters would say you should get paid for your grind. And it continued on until the argument was stripped down to the always wonderful "that's what I had to do to make it, so you should too."
unofan
Well-known member
I did an unpaid internship for a federal judge in law school, but it was for credit. I have no problem with those internships because it's essentially just a pass/fail class with practical experience.
Unpaid internships that aren't for credit or aren't through a union/labor department apprenticeship program (or the like), is simply a company trying to get free labor. Fark that.
pre-law school, I did two internships in sports information. The first was for a D3 school where I got paid minimally (like well below minimum wage) but got free on campus housing and some meals, so with that I was probably making close to minimum wage. Second one at a D1 school I got paid marginally better (like $27,000 for the year, I think), was benefit eligible so I had health insurance, and got subsidized housing through the university, so it wasn't horrible. Given the hours I worked, though, probably was making under minimum wage. (40 hours during the week, travel with teams every other weekend, and weekends I wasn't travelling was working home games, though summer was obviously a lighter work load)
dxmnkd316
Lucia Apologist
In ten years, "Unpaid internship" should be so vulgar that people recoil at the mere mention of it.
aparch
Well-known member
Elizabeth Warren was on CNBC touting an ultra-rich tax this morning. Two pennies on the dollar for anyone with a grand total of wealth of $50 Million or more, which includes every single source of money a person holds (property, stocks, Swiss Bank accounts, buried in the sand in the Cayman Islands...)
Since the pandemic, the top has added to their wealth by over one trillion dollars. This tax would bring back three trillion over the first 10 years. She touts that it can even provide universal childcare.
And I'm 100% on board.
Eat the rich! Err, tax the rich!!
*edit*
Also, she destroyed the Squawk Box crew live on air. And despite my grumbling of Joe Kernan, I like them all. And Warren still came out on top.
Since the pandemic, the top has added to their wealth by over one trillion dollars. This tax would bring back three trillion over the first 10 years. She touts that it can even provide universal childcare.
And I'm 100% on board.
Eat the rich! Err, tax the rich!!
*edit*
Also, she destroyed the Squawk Box crew live on air. And despite my grumbling of Joe Kernan, I like them all. And Warren still came out on top.
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Yeah. I'm having a raging debate with a good friend of mine right now over the $15 minimum wage. He has a son with Down's Syndrome and he worries his son won't be able to find a job if companies have to pay him $15/hr - even he believes that his own son's labor probably really isn't "worth" $15/hr. Other topics have included kids with paper routes and internships (paid and unpaid).
To me, those (real) concerns should have their own remedies - they are no reason to keep millions below the poverty line.
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