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Business, Economics, and Taxes: Eat Cereal for Dinner

Tangentially related - today is the day that signage changes for the Wild’s arena. They have blocked the right lane on eastbound 7th St, and the new building’s name signs were resting at the edge of the sidewalk.

Likely by EOD, the new House-Always-Wins-Center’s name will be proudly displayed in a shade of aqua blue.
 
bsky.app

WIRED (@wired.com)

Over 200 contractors who work on improving Google’s AI products, including Gemini and AI Overviews, have been laid off, sources tell WIRED. It’s the latest development in a conflict over pay and alleged poor working conditions...
bsky.app bsky.app
 
St. Clown said:
Tangentially related - today is the day that signage changes for the Wild’s arena. They have blocked the right lane on eastbound 7th St, and the new building’s name signs were resting at the edge of the sidewalk.

Likely by EOD, the new House-Always-Wins-Center’s name will be proudly displayed in a shade of aqua blue.
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Oh you mean the X? The thing it will basically always be known as.
 
bronconick said:
According to the WSJ, cocaine prices has plummeted because of increased supply. The administration keeps pulling the people fighting drug trafficking to immigration so it's pretty easy.
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Such news brings one to tears.

tds-cocaine-news.png
 
bronconick said:
According to the WSJ, cocaine prices has plummeted because of increased supply. The administration keeps pulling the people fighting drug trafficking to immigration so it's pretty easy.
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Dump finally tackling inflation on the important commodities...
 
Handyman said:
They didnt cave...hiring is frozen, unemployment is rising, the dollar stinks and Inflation is on the uptick.
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Unemployment is up and inflation is up. That feels like the making of a stagflation economy to me.

Inflation thrives with lower interest rates - people buy more stuff as borrowing costs are reduced. Unemployment could go down, but it won’t We are still seeing a continue of workforce demand weakening.

What am I missing?
 
St. Clown said:
Unemployment is up and inflation is up. That feels like the making of a stagflation economy to me.

Inflation thrives with lower interest rates - people buy more stuff as borrowing costs are reduced. Unemployment could go down, but it won’t We are still seeing a continue of workforce demand weakening.

What am I missing?
Click to expand...
I think you got it. It's an awful combo. If you have inflation you generally do not lower interest rates but everything else is in the shitter as well so here we are.
 
St. Clown said:
Unemployment is up and inflation is up. That feels like the making of a stagflation economy to me.

Inflation thrives with lower interest rates - people buy more stuff as borrowing costs are reduced. Unemployment could go down, but it won’t We are still seeing a continue of workforce demand weakening.

What am I missing?
Click to expand...
Nothing...you are 100% correct. But the Fed was going to cut rates in this economy no matter what.
 
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