>There are, it has been said, two types of people in the world. There are those who, when presented with a glass that is exactly half full, say: this glass is half full. And then there are those who say: this glass is half empty.
>The world belongs, however, to those who can look at the glass and say: What’s up with this glass? Excuse me? Excuse me? This is my glass? I don’t think so. My glass was full! And it was a bigger glass! Who’s been pinching my beer?
>And at the other end of the bar the world is full of the other type of person, who has a broken glass, or a glass that has been carelessly knocked over (usually by one of the people calling for a larger glass), or who had no glass at all, because he was at the back of the crowd and had failed to catch the barman’s eye.
What happens if a wage/price spiral hits right as Boomers are moving their retirement savings into less volatile, more liquid investments to live off of?
Could they see the real value of their retirements evaporate en masse?
They are preparing a recall to install immobilizers on the affected models, but it sounds like they're moving too slowly.
The insurance companies might also feel like they have media cover to do this, because how-to videos have become a social media trend. You can hotwire them more easily than a '90s car with ignition wires hanging under the dash, if you know what you're looking for.
Kia in particular might suffer some serious brand damage from this, combined with their multiple recent engine fire recalls.
Isn't the idea behind raising rates to combat inflation that it works to reduce demand by forcing people to tighten their belts?
"We need companies to fire a lot of people so that fewer people can afford nice things" is less politically palatable than, "we are aiming for a soft landing".
Stocks went up previously because the companies believe that with all the layoffs, people were getting desperate enough that the rate hikes would slacken off and they'd be able to start hiring at fire-sale prices. The strong January jobs data makes the companies and Fed alike worry that their workers might start to get uppity and ask for raises or benefits again soon.
It means that you're farming on someone else's land. Since you don't own the source of your income, the landowner could decide to evict you at any time, taking away your revenue.
Personally, I like the theory that he's planning to discharge all of the debts he's run up in one fell swoop with a bankruptcy filing.
It will be sad, but not unexpected if the courts let him get away with it. I wish I could buy a house with a mortgage in the house's name, make the house declare bankruptcy, and then keep ownership of it.
Replace "house" with "Twitter", and that's the gambit. Although, the amount of debt that he'll be discharging would be about enough to buy a house for every chronically homeless person in the US.
If you let them vote, they'll vote to destroy their society.
If you don't let them vote, they'll act to destroy their society.
It would be emotionally satisfying, but ultimately destructive. It would also be ripe for abuse; imagine how awful it would be if we had secret lists of people who weren't allowed to do other normal activities, like air travel or vehicle registration.
It's not just the Puritan work ethic. The dearth of support and extreme scarcity of housing play a huge role.
If you won't center your entire life around work, there's a long line of people who will, and your employer would happily hire one of them and throw you into the proverbial wood chipper of being unemploymed in the US.
>The world belongs, however, to those who can look at the glass and say: What’s up with this glass? Excuse me? Excuse me? This is my glass? I don’t think so. My glass was full! And it was a bigger glass! Who’s been pinching my beer?
>And at the other end of the bar the world is full of the other type of person, who has a broken glass, or a glass that has been carelessly knocked over (usually by one of the people calling for a larger glass), or who had no glass at all, because he was at the back of the crowd and had failed to catch the barman’s eye.
- Terry Pratchett, The Truth