#latestagecapitalism

[Tasty]

A bunch of companies have already gone under and we're not even through the worst of it yet. Makes sense some would be getting desperate.

Like if you're a car dealership what do you do? Run the commercial you made three years ago that has zero relevance now? I dunno if I was a marketing exec I'd be scrambling too.

[Madrun Badrun]

[Don Rumata]

All the covid based commercials and marketing schemes are hitting hard rn, capitalism is wild

Yeah and they're so wild to me....like these car companies thinking people are going to pay $20k for a new SUV right now, but they're doing their part and will make the interest super low or zero for a certain amount of time.  Because right now what's important is your new ride.

A SUV seems like a decent MadMax car, to mod out.
Even if it has low gas efficiency.

[shosta]

https://twitter.com/joegunn/status/1242916239086882816

this thread is now rich people failing at basic tasks

[team filler]

https://twitter.com/ZaGorudan/status/1246919400831234048

[Madrun Badrun]

[Joe Molotov]

(Image removed from quote.)

Too bad you can’t kill brown people with a cloth mask or toilet paper.

[Tasty]

(Image removed from quote.)

Really makes you think.

[Tripon]

(Image removed from quote.)

Too bad you can’t kill brown people with a cloth mask or toilet paper.

Saw the local filtered water store try to sell cloth masks for $4.

[tiesto]

https://twitter.com/Ad_Inifinitum/status/1247218093870497792

My man Stephen Ruth is happy.
https://www.boredpanda.com/red-light-camera-scam-stephen-ruth/?utm_source=google&utm_medium=organic&utm_campaign=organic

[Madrun Badrun]

[shosta]

Noooooooooo!!!!!

[Joe Molotov]

ok

[EchoRin]

[shosta]

brehs, who posted that DoD document a couple of weeks ago? because I got something on the same level

https://twitter.com/AndrewM_Webb/status/1245493805530451968



Emotive forces shape the gestalt of the brand identity.

[nachobro]

i bought pepsi max at the store today so whatever they did works

[shosta]

i bought pepsi max at the store today so whatever they did works

welcome to the pepsi galaxy bro

[nachobro]

 

[EchoRin]

What in God's name. This is ten times more confusing than whatever the hell Jordan B. Peterson drew up in his book Maps of Meaning.

[team filler]

https://twitter.com/billclitton/status/1248009462293483520

[Nintex]

That Pepsi shit is ancient and pretty much the golden standard in brand design now 

[Tasty]

https://twitter.com/billclitton/status/1248009462293483520

Leave a list of morgues on his.

[curly]

https://mobile.twitter.com/steak_umm/status/1247909156427837443

Steak-umms hella woke

[team filler]

[TEEEPO]

[Akala]

[Nintex]

https://twitter.com/billprady/status/1249228145816817665

 

[Rufus]

https://twitter.com/nytimes/status/1249054382479597568

Can't brrrr the food printer.

[Rufus]

Perishable goods have to be adequately stored, processed and distrubuted; all of which costs money. Can't flood out the potholes with physical goods the way you can with FIAT currency.

I don't mean to excuse this. The supply chains just aren't built to cope with something like this. Waste is a problem at the best of times, but now every weakness is amplified.

[VomKriege]

Yeah I guess it's like the toilet paper for professional uses and workplaces, a supply chain you can't switch in a couple of weeks.

Edit : At least partly so.

[shosta]

It says they can't export it because it would be "unprofitable"

[Nintex]

Guess we'll have to burn all this food while all these people are starving

Why?

sUpPlY cHaIn

[Rufus]

I write it off as human mediocrity and move on. Cultures that shun fruit and vegetables because of tiny blemishes aren't going to drastically shift their priorities in the wake of COVID-19. A lot more people would have to go hungry for that to happen.

[Tripon]

https://twitter.com/benyt/status/1249516417810083842

[nachobro]

Now, He’s Fighting for Disney’s Life

nyt pretending disney is on the verge of bankruptcy from a couple theme parks being closed for a month

[Great Rumbler]

Now, He’s Fighting for Disney’s Life

nyt pretending disney is on the verge of bankruptcy from a couple theme parks being closed for a month

Bob Iger is out here just trying to keep his family fed and you're laughing?

[EchoRin]

I haven't been to Disney World in forever, but if they changed the Star Wars flying ride to something post OG trilogy then revert that back. Thx Bob.

signed, Moron who yells "You ruined my childhood!"

[Nintex]

https://twitter.com/hshaban/status/1250107131711414276

Feel like we're going to STAGE 4

[Flannel Boy]

https://www.ccn.com/these-entitled-millennials-are-cheering-for-a-housing-market-crash/

Many millennials are cheering for a housing market crash on Twitter. They say it will help them afford a home.
. . .
There’s a way for millennials to afford a house of their own whether there’s a housing market crash or not. Work for it.

A Housing Market Crash Would Wreak Havoc
If there’s another housing market crash in 2020 or 2021, it will send ripples throughout the entire economy with effects that last for years.

Firstly, it would displace millions of Americans from their homes. In the 2008 housing market crash, some 10 million Americans lost their homes.

The causal chain is backwards. The increased foreclosure rates in 2006 and 2007 helped lead to the crisis.

A Better Solution For Millennials

Last November, CNBC interviewed a millennial journalist– living in expensive New York City– who paid off $102,000 in student debt in six years while working a job with a $40,000 salary.

In the home stretch, she paid off the final $32,000 in eight months while paying the rest of her living expenses.

I'm no mathematician, but, ignoring taxes, a 40k salary is 26,670 over eight months. How did she pay $32k of debt while making $27k pre tax--and pay her living expenses?

She says she did it by sacrificing some personal time outside of work. Instead of loafing on the couch with Netflix or socializing, she took up side hustles. She did dog walking, cat sitting, babysitting, and freelance writing.

Just have FIVE jobs Millennials--should be easy to get during the Great Depression 2.0. After six years, you'll own a house have paid for your university education, which you'll use to fucking babysit.

Any millennial with ambitions to own a house shouldn’t be cheering for a housing market crash, even if one is imminent. They should be working as hard as they can so that they can save up to afford the house of their dreams in whatever market they find themselves.

Did you watch the video of the Millennial interviewed by CNBC? She doesn't fucking own a home! She took six years just to pay for university. A generation or two ago, she could have gone straight from high school to the workforce, and bought a home as a blue-collar worker. Now, ten years after graduating from high school, she has fucking nothing. Ten years, four years of university, five jobs and she's in the same position as a high school grad.

[Nintex]

When it crashes the boomer / gen-x investors can buy cheap real estate from millennials who can no longer afford their mortgages that just about spend enough time on a canned tomato and water diet to afford a home in the first place. 

[Rufus]

Don't need to buy something you already own.

[Flannel Boy]

Don't need to buy something you already own.

"Investment" properties. 40% of Toronto condos are not owner-occupied.

[Nintex]

Booking.com is about to go up in flames

Profit in 2018: +5 billion
Then they cut a deal with the Dutch government evading 1.8 billion in taxes

Balance in 2019: 8 billion debt

Why?
- They bought their own stock and handed out dividends and bonuses to the CEO's and investors

Now:
Bookings down 85%. They've managed to secure an 'expensive' emergency loan of 4 billion to scrape by for a few months.
So now they're asking our government to chip in to help finance the joint as they employ 19k workers in total.
(note this information was leaked to a Dutch newspaper from a video call with employees announcing that lay offs were imminent)

If you have something lined up at Booking.com cancel now. This thing is about to crash like the Hindenburg and you should try for a refund when there's still some money.


For the tech heads, the whole thing is built in fucking PERL 

[Rufus]

Don't need to buy something you already own.

"Investment" properties. 40% of Toronto condos are not owner-occupied.

Didn't realize "own" has such a restrictive meaning in this context. :B

[team filler]

https://twitter.com/AshBCoffin/status/1250561704238493696

 

[EchoRin]

If Ashleigh was a fast food joint, she'd be a Wendy's.

[Madrun Badrun]

Peter Coffin is such a lucky dude even if he can't get Contra-level views. 

[Tripon]

Peter Coffin is such a lucky dude even if he can't get Contra-level views.

They seperated, tho.

[Madrun Badrun]

That's good news. 

[Joe Molotov]

https://www.walmart.com/ip/Pepsi-Soda-2-Liter-Bottle/13424325

Amazing bargain!

[Madrun Badrun]

[team filler]

https://www.marketwatch.com/story/thanks-to-covid-19-social-securitys-day-of-reckoning-may-be-even-closer-than-we-thought-2020-04-15

[EchoRin]

honest question: For any American born in the 90s onward, is social security even going to bring them anything by the time they are 65 or whatever?

[Tripon]

[Madrun Badrun]

Can't you just like store it in the ground? 

[Occam]

Booking.com is about to go up in flames

Profit in 2018: +5 billion
Then they cut a deal with the Dutch government evading 1.8 billion in taxes

Balance in 2019: 8 billion debt

Why?
- They bought their own stock and handed out dividends and bonuses to the CEO's and investors

Now:
Bookings down 85%. They've managed to secure an 'expensive' emergency loan of 4 billion to scrape by for a few months.
So now they're asking our government to chip in to help finance the joint as they employ 19k workers in total.
(note this information was leaked to a Dutch newspaper from a video call with employees announcing that lay offs were imminent)

If you have something lined up at Booking.com cancel now. This thing is about to crash like the Hindenburg and you should try for a refund when there's still some money.


For the tech heads, the whole thing is built in fucking PERL 

You seem to have no idea what you are talking about.
Do you know what a balance sheet is?
Assets = Liabilities + Equity
I looked it up. As of December 31, 2019 Booking Holdings had $21.4bn worth of assets, $15.4bn liabilities. That means an equity of $6 billion.
I assume you looked at this and didn't understand what equity means? https://en.wikipedia.org/wiki/Booking_Holdings
Please tell me you have nothing to do with finances or running any company.

[VomKriege]

You seem to have no idea what you are talking about.

Yes.

[Tripon]

https://twitter.com/amychozick/status/1251141740637097984

[Tripon]

https://twitter.com/AndrewMarchand/status/1251163794581196800

 

[Madrun Badrun]