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Topic: In other news ...

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Cincydawg

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Re: In other news ...
« Reply #21714 on: March 13, 2023, 02:46:56 PM »
Damages in the Dominion lawsuit against Fox News may be sky high (msnbc.com)

In [color=var(--article-body-list-link-color)]the Dominion versus Fox News defamation case[/color], Fox is now trapped in an ever-worsening spiral of lies of its own creation. Time and time again, Fox allegedly trafficked in lies and falsehoods. And the result just might be a financial death penalty for the network.

847badgerfan

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Re: In other news ...
« Reply #21715 on: March 13, 2023, 02:54:39 PM »
Hopefully y’all are not worried about your bank deposits.


 
Not worried about my credit union or LPL. Should I be?
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GopherRock

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Re: In other news ...
« Reply #21716 on: March 13, 2023, 02:58:25 PM »
Hopefully y’all are not worried about your bank deposits.


 
This implies that I have more than $250,000 in an account someplace.

847badgerfan

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Re: In other news ...
« Reply #21717 on: March 13, 2023, 03:15:42 PM »
Don't we all?
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FearlessF

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Re: In other news ...
« Reply #21718 on: March 13, 2023, 03:27:21 PM »
In [color=var(--article-body-list-link-color)]the Dominion versus Fox News defamation case[/color], Fox is now trapped in an ever-worsening spiral of lies of its own creation. Time and time again, Fox allegedly trafficked in lies and falsehoods. And the result just might be a financial death penalty for the network.
If Fox News went away I wouldn't worry much.  Wouldn't have much affect on my daily life.

I'm sure something else would pop up in it's place. resume the same tactics to make the same obscene amount of money
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Cincydawg

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Re: In other news ...
« Reply #21719 on: March 13, 2023, 03:46:08 PM »
Sure, someone would replace them rather quickly using a different names, perhaps the same faces.

There really isn't 24 hours worth of real news in the average day.

847badgerfan

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Re: In other news ...
« Reply #21720 on: March 13, 2023, 03:59:16 PM »
Interesting read if you find time. Gubmit F's it up again.


https://www.wsj.com/articles/fed-interest-rates-inflation-svb-collapse-3495de76?st=woivg56m31t85tt&reflink=desktopwebshare_permalink
https://www.wsj.com/articles/fed-interest-rates-inflation-svb-collapse-3495de76?st=woivg56m31t85tt&reflink=desktopwebshare_permalink
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FearlessF

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Re: In other news ...
« Reply #21721 on: March 13, 2023, 04:11:46 PM »
very few things the govmint doesn't F up

performance, proficiency, & efficiency are severely lacking in most agencies, departments, & entities that are run by the government
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Cincydawg

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Re: In other news ...
« Reply #21722 on: March 13, 2023, 04:20:34 PM »
The article is about the Fed, not specifically Federal government, of which the Fed is supposedly independent.

I thought at the time they were too late raising rates and then went about it in almost a crisis mode which would have "interesting" impacts.  I also think they are far more important than most folks realize.


betarhoalphadelta

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Re: In other news ...
« Reply #21723 on: March 13, 2023, 04:22:19 PM »
Interesting read if you find time. Gubmit F's it up again.


https://www.wsj.com/articles/fed-interest-rates-inflation-svb-collapse-3495de76?st=woivg56m31t85tt&reflink=desktopwebshare_permalink
https://www.wsj.com/articles/fed-interest-rates-inflation-svb-collapse-3495de76?st=woivg56m31t85tt&reflink=desktopwebshare_permalink
And as I said in the COVID thread, the only reason we need these interest rates is that all the massive fiscal stimulus from COVID flooded the market with money, which is now chasing a level of goods that is equal (or perhaps lower due to supply chain issues) than before COVID. So what happens? Inflation. 

CatsbyAZ

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Re: In other news ...
« Reply #21724 on: March 13, 2023, 04:49:07 PM »
4.  Egypt is really a third world country with poor roads. 
16.  Folks who say the US is a "third world country" need to get out more.

  And of course we had a goodly number of really fat people on board. 

I don’t want to hijack @Cincydawg’s otherwise pleasant Travels and Impressions thread, so I’ll post my unsolicited perspective here:

America has people living on the sidewalks too, especially in the Pacific Coast cities, though overall, yes, the U.S. is incomparably better off than what’s to be encountered in the third world. But what’s vital to point out is the defining difference between the homeless in America and the rest of the world’s homeless. The masses of beggars seen in New Delhi, or the seven hundred thousand slum dwellers of Nairobi’s Kibera district, or throughout the unpowered barrios across Mexico – homelessness persists across the third world because of widespread poverty. Whereas in America, 99% of those living on the streets are there because of substance abuse.

In my own West Coast neighborhood, where “post-COVID” monthly homeless counts by city social workers are topping 2,000, this quote from a Portland non-profit homeless outreach comes to my mind nearly everyday: Substance abuse is well documented as a contributor to homelessness, but it’s also established as a byproduct created by the trauma of living on the streets.“

For the rest of the world, replace “substance abuse” with “severe poverty”: Severe poverty is well documented as a contributor to homelessness, but it’s also established as a byproduct created by the trauma of living on the streets.“

For all the many ways America stays a head above systemic plights plaguing the Third World – unstable currencies, endemic government corruption, permanent economic stagnation, severe poverty, and selectively enforced laws to name a few – along with obesity, America is uniquely suffering a targeted drug addiction reality. This is compounded by three fronts –

A) the vast over-prescription of highly addictive medications such as Percocets, Benzodiazepines, Adderall, Ambien, and Anti-depressants…

B) the rising recreational consumption of designer party drugs such as ecstasy, acids, and especially cocaine which is often supplemented with pills from Group A…

AND C) the focused influx of heroin, meth, counterfeit pills from Group A, and especially Fentanyl which is noticeably spiking ongoing overdose fatalities.

All three groups reinforce each other. A highly addictive Benzodiazepine like Klonopin, meant to treat panic disorders but somehow the sixth most prescribed medication in the U.S, conditions its consumers (mostly young women) to onset drug dependency, thus greatly increasing the willingness Benzo consumers will opt for the dirtier street substances of Group C.

My point in all this is America has a uniquely worrisome drug problem because America is the wealthiest and most willing drug consumer across global drug market – A) wealthiest, because America can afford to sustain its drug habit AND B) most willing because decades of over-prescribing, dating back to Valium, has conditioned large portions of the population to drug dependency.

Nowhere else in the world is facing such a steep rise in overdose deaths:


Honestbuckeye

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Re: In other news ...
« Reply #21725 on: March 13, 2023, 05:00:35 PM »
Not worried about my credit union or LPL. Should I be?
Nope
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MrNubbz

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Re: In other news ...
« Reply #21726 on: March 13, 2023, 05:10:43 PM »
This implies that I have more than $250,000 in an account someplace.
with a PhD I'm guessing you do unless the wife has your credit card 
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ELA

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