booly

joined 2 years ago
[–] booly@sh.itjust.works 4 points 40 minutes ago

No, even if tuition and books are free, financial aid still needs to help full time students have food to eat and have a place to live and ordinary day to day expenses. In many places, the aid on room and board is much more money than aid on tuition and fees.

And community colleges tend not to have their own dorms or anything like that, so it comes in the form of a monthly payment that helps the student pay their rent. That's an incentive for fraud.

[–] booly@sh.itjust.works 3 points 4 hours ago

They got a lawful order from a court to turn around flights and just didn't. The order doesn't need to be at the end of an appeal to the Supreme Court before it has effect.

I know. That was on a collision course for a constitutional crisis then, and then the Supreme Court bailed out Trump by saying the order was invalid, right before the judge was going to hold contempt hearings.

Now we're gonna see possible contempt hearings on disobeying an order that was affirmed by the Supreme Court.

[–] booly@sh.itjust.works 3 points 18 hours ago (2 children)

No, this is probably the first one.

The previous one where they disobeyed a court order (turning around planes to El Salvador, stopping new planes from taking off) they successfully appealed that court order to where the Supreme Court declared that order void.

This one (facilitate the return of a wrongfully deported man) is the first one where they've just outright refused, and are pretending they can't comply.

This is a big deal, and it's unprecedented, even for Trump. This is the red line, and we're going to see a full blown constitutional crisis this week if it doesn't get resolved.

[–] booly@sh.itjust.works 1 points 1 day ago (1 children)

Getting close. Over the weekend the Trump admin might have crossed the line in Kilmar Abrego Garcia case. They might try to weasel out of the Supreme Court's order by saying they're following it the best they can, but Trump is also the type of person who seems incapable of that nuance, and might basically force that showdown with the Supreme Court.

[–] booly@sh.itjust.works 2 points 3 days ago

Yeah, investing in a company is investing in the whole company and all of its projects. Lies about your company are only fraud when the lies rise to the level of making a material difference to how a typical investor would value that company. If the lies are about a very minor percentage of revenue or profit, then it's not gonna rise to the level of securities fraud.

[–] booly@sh.itjust.works 1 points 4 days ago (1 children)

You serious? Your own examples aren't even isolated to Boomers. Beanie babies was primarily a Millennial and Gen X phenomenon (which made sense because it was a toy trend amplified through the rise of the internet as mainstream, and took off among those early adopters of dial-up), and was one of many consumerist toy trends of the 80's and 90's, like pogs or Cabbage Patch Kids or Magic: The Gathering cards.

Satanic panic was driven as much by Silent Generation as it was the boomers, and is unfortunately part of a long line of religious othering that traces back to the dawn of human history. Mike Warnke's The Satan Seller hit bestseller lists in 1972, and Silent Generation authors like Lauren Stratford and Lawrence Pazder ran away with their made up stories (and made a killing on book sales). By the time that panic hit its peak in the early 80's, most parents of young children were boomers, but the collective messaging was still driven by older people in publishing and news.

Meanwhile, the basic idea of fads or trends are universal. The people mimicking TikTok dances or YouTube pranks transcend any one generation. More seriously, people are falling for conspiracy theories en masse, of all generations. Is anti-vax, or anti-seed-oil, or 9/11 truthers, or QAnon believers confined to a specific generation? This shit is everywhere, and believing that these things will die off with the boomers is going to result in a lot of surprise and disappointment that these things will always be with us.

[–] booly@sh.itjust.works 1 points 4 days ago (3 children)

That's not unique to any one generation. Herd behavior is, like, part of the human condition.

[–] booly@sh.itjust.works 5 points 4 days ago

Your link is wholesale prices of white non-organic caged eggs, updated daily. It also excludes the eggs sold on long term contracts.

The AP article takes the CPI report of the consumer price of all eggs (white vs brown, organic vs non organic, caged versus cage free versus free range) in a weighted average of how much is sold, and averages over the entire month. Plus retailers simply can't update prices daily, and prefer to price things at numbers that end in 9.

The bird flu issues seemed to affect caged non-organic producers harder, so that those prices moved a lot more than the free range organic stuff. That led to some unexpected flips of which was more expensive, as I'd seen some traditional eggs going for $8.99 (up from around $3 before) while the free range organic stuff was only slightly up to $7.99 (up from about $5 before), literally in the same store on the same shelves.

Taken all together, you'd expect the monthly CPI price of an average of all types of eggs to be much less volatile than the daily wholesale spot price of the cheapest type of grade A whole fresh eggs.

Anecdotally I've already seen egg prices drop this month. Lots more availability of the sub-$5 options when I was in the store earlier this week. I'd expect next month's CPI report, about the current month, to reflect a drop in retail egg prices.

[–] booly@sh.itjust.works 10 points 5 days ago (1 children)

I have a watered down version of this, but I'm a lawyer so it's very very valuable. If I get a question I might not know the answer to, if I've read it somewhere I usually know roughly where to go back to get it. And since lawyers mostly look things up instead of trying to memorize everything, a powerful "indexing" memory is valuable in the profession. At least in my practice.

[–] booly@sh.itjust.works 9 points 6 days ago

The Senate has already passed a bill that limits the President's power to set tariff rates on Canada. The House probably won't take that up.

Right now, there's also a Senate Bill with 7 GOP senators signed on that would limit the President's power to unilaterally set tariffs (requires 48 hours notice to Congress, can't last more than 60 days without Congressional approval, gives Congress fast track procedures for voting down new tariffs). There are some serious constitutional flaws in it (most notably the legislative non-aggrandizement doctrine, but also an issue with tying to sidestep the bicameralism and presentment requirement), though, and I'm not sure it would hit the point where it could overcome a presidential veto.

So right now it's not clear whether this GOP opposition would actually build into real legislation that could actually have an effect, or whether this is all showmanship trying to influence Trump himself to roll this back.

[–] booly@sh.itjust.works 11 points 6 days ago

1987: Black Monday

That one didn't really matter that much to regular Americans. Less than a third of Americans owned stock back then, and that crash didn't have an obvious cause from actual economic fundamentals. And the Fed managed to contain the liquidity crisis, as your linked Wikipedia page describes, so that the broader economy was largely unaffected.

Recessions matter. Stock market crashes only matter when they are caused by, or are the cause of, an actual recession in the real world.

[–] booly@sh.itjust.works 10 points 1 week ago (1 children)

suffering for 50 years

In Europe, feudalism lasted 600 years last time, and only ended because a plague loosened up the nobility's power over peasants. Vestiges of that old system endured in some parts of Europe for another 200 years after that, too.

In some neofeudalist future, where the lords and nobles have access to incredibly invasive technology for monitoring the thoughts and actions of all people, for controlling even more links in the chain of the production of food or tools or weapons, that power structure may turn out to be even more entrenched than the last time around. It's not far fetched to say that the next time strictly inherited class comes around, it becomes a permanent feature of all societies that follow.

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