jazzyk (u/jazzyk) - Readit News

jazzyk commented on The digital pound: A new form of money for households and businesses? bankofengland.co.uk/paper... · Posted by u/thm

polygamous_bat · 3 years ago

Your argument relies on two strong assumption, "everything private economy is good", and "everything government is bad". Unless you add strong reasoning behind it such blanket arguments I default to scepticism.

jazzyk · 3 years ago

No, it is really "competition" (banks compete for my money) vs "monopoly" (no other option than the government).

The assumption that CBDC is a good idea because the government is always benevolent and does what's best for the people is incorrect, as demonstrated by the horrible financial mismanagement in the recent 20 years.

jazzyk commented on Japan was the future but it's stuck in the past bbc.com/news/world-asia-6... · Posted by u/ZeljkoS

ryan_lane · 3 years ago

Please do a few google searches on this topic so that you can change your worldview. I know it's tough to challenge your core beliefs, but part of intellectual curiosity is also personal growth, especially around topics that you have an emotional attachment to.

jazzyk · 3 years ago

I actually did, a few months ago. In my state, out of the 10 non gun-carrying people killed by the cops in the past 10 years, 2-3 were Black, 5 were White, the rest Hispanic and 1 Asian (matching the racial makeup of US).

So the statement by the poster above holds - if you don't point a gun at a cop (figuratively), your chance of surviving contact with police if you are Black are no lower than other races.

jazzyk commented on Twitter users jump to Mastodon, but what is it? bbc.com/news/technology-6... · Posted by u/app4soft

phpisthebest · 3 years ago

>If you think Fox News

One slightly right authoritarian news source does not a rule make... I bet you think "republican" means right.... I am a firm believer of the unipary theory of politics

Republicans are no better than democrats. One wants to tell you what to do with your life (including your bedroom) but leave you with your money and guns, the other wants to take your money and guns but will allow you to do pretty much any thing you want (including victimize violently and take an property of others it seems)

Neither are good, both are very much authoritarian

> If you think MSNBC or CBS were anywhere close to 'far left',

If we are cussing.... What the fuck are you talking about... MSNBC not far left? What the hell do you consider far left then... MSNBC is the leftist of left.... Hell At this point they are probably more left than the Young Turks

Ground News marks them as left as well [1]. NPR is "leans left" [2] and Reuters is "Center" [3]

[1] https://ground.news/interest/msnbc [2] https://ground.news/interest/npr [3] https://ground.news/interest/reuters_fa2539

For every Fox news, there are 5++ Left media companies, so yes Fox nows has a large audience because it is consolidated and not spread out between MSNBC, CNN, New Times, Washington Post, and the 100's of other left and left leaning outlets.

jazzyk · 3 years ago

The left-leaning bias is not limited to just "news".

It is also very much present in various tech and fashion/style publications - check out Ars Technica and GQ as examples.

Both owned by the corporate mouthpiece Condé Nast Inc., by the way.

jazzyk commented on Ask HN: Advice that changed your life? · Posted by u/NayamAmarshe

solveit · 3 years ago

Because you're fourteen, those randos are your peer group, and you're stuck with them all day. Also, you're fourteen so you haven't quite figured out whose opinions should be important to you, and also you're wildly insecure about your position in your world.

jazzyk · 3 years ago

Life is not fair and not a bed of roses, never will be.

These experiences make you tougher - in adult life, you will run into toxic bosses, colleagues, brutal job interviewers...

It is important to have a loving family and/or supportive friends who can provide a different point of reference.

jazzyk commented on Ask HN: Advice that changed your life? · Posted by u/NayamAmarshe

wodenokoto · 3 years ago

“Sticks and stones may break your bones, but words can break hearts”

jazzyk · 3 years ago

Words can break hearts when they come from a loved one, or someone you look up to.

Why would what some random person says break your heart?

jazzyk commented on Inflation Has Outpaced Wage Growth. Now It’s Cutting into Spending wsj.com/articles/inflatio... · Posted by u/throwaway12245

slaw · 3 years ago

Why Fed is not fighting with inflation? With 1.5% interest rate and 9.3% inflation it is clear Fed wants to keep high inflation, but why?

jazzyk · 3 years ago

The Fed want inflation to diminish (in real terms) the mountains of debt the US government and consumers incurred in the past 20 years. At the expense of the poorest people and savers (because wage inflation is much lower than the goods/services inflation, not to mention bank savings interest rates, which are laughable).

Make no mistake, the Fed are not idiots, they have been trying to introduce inflation for a long time, but initially they succeeded in asset inflation only. With the help of Covid and the war, they got their wish.

But wage inflation needs to match the goods/services inflation, because without it, borrowers will be even less able to pay their debts.

In order to really stamp out inflation, the Fed would need to raise the interest rate to 10%, essentially forcing the US to declare bankruptcy.

The Fed is hoping to introduce a mild recession, which, they hope, would reduce all kinds of inflation, without them having to raise the rates above 3.5% or so.

jazzyk commented on No news is good news thomasjbevan.substack.com... · Posted by u/vitabenes

mediaman · 4 years ago

The Rothschilds have had a substantial stake in the Economist for 70 years, including prior to the time when Pearson was a shareholder. Pearson did not control the board, had only 6 of the 13 board seats, and never had majority control of the company. It's unclear what is meant by "corporate owners;" Pearson is a publicly traded corporation.

I'm also a long-time subscriber and do not understand the "shift" you are referring to. The Economist has been pro-free-trade, generally against heavy regulation, and a magazine that consistently takes small-l liberal positions for a very long time. That stance means that sometimes they are right - deregulation has been good in many areas - but sometimes they get it wrong, when, for example, free trade may have adverse effects.

Sometimes they take positions that are bad - they argued for the second Iraq war - but they are pretty up front about their biases, and generally don't represent their biases as purely objective facts, as many traditional newspapers do. Their writing is clear and concise and is not meant to be consumed uncritically. The magazine is still unparalleled for what it offers.

jazzyk · 4 years ago

Pearson had a 50% stake, most of which was sold to the Agnellis. So now, the Agnellis and the Rotschilds are the largest (and, together, controlling) shareholders.

Board members like Lady de Rothschild and Eric "you have no privacy" Schmidt publicly supported/donated to the Hillary Clinton campaign. The Rotschilds were invited by the Clintons to spend their honeymoon at the White House. The rest of the board reads like the attendees at the Bilderberg Group and the Council on Foreign Relations. The very definition of elitism, and collusion with the governments (Schmidt, Alex Karp, who is also on the board, there are also Sirs and Baronesses). "Free trade" - yes, reserved for the multinationals, Most definitely not mom-and-pop, small/medium business oriented anymore (which they used to be, before the sale).

The fact that they (probably still) have superbly written articles should not disguise the shift in their political stance.

jazzyk commented on No news is good news thomasjbevan.substack.com... · Posted by u/vitabenes

groby_b · 4 years ago

The Economist is many things, but "sharp left" it is only to a certain subset of people.

The rest of the world would mostly call it "left-leaning", or maybe "radical centrist".

jazzyk · 4 years ago

Perhaps more like globalist/corporatist, which reflects their recent ownership?

In 2015, Pearson - a publishing company - sold its controlling stake to a bunch of corporate owners, like the Agnellis (43%) and the Rotschilds (21%), among others.

The change in their editorial direction was immediately visible (I had been a subscriber/reader for 35+ years until 2016)

https://en.wikipedia.org/wiki/The_Economist_Group

jazzyk commented on Names of Canada truck convoy donors leaked after reported hack reuters.com/world/us/leak... · Posted by u/arkadiyt

peeters · 4 years ago

Well it's a matter of interpretation. You can call it just fundamental misunderstanding of the Canadian constitution, or an attempt to overthrow the government, but either way having the GG, Senate, or Elections Canada force an election while the government enjoys the confidence of the house would be a coup. I'm fine with giving the protesters the benefit of the doubt and just agreeing that they don't understand how the electoral process works in Canada.

jazzyk · 4 years ago

They were only petitioning for early elections - in case Covid restrictions were not immediately removed. Not unconditionally.

Petitioning for early elections (even if impossible legally) is a far, far cry from "overthrowing the government"*.

Would you be willing to edit your original post to provide some context here?

jazzyk commented on Names of Canada truck convoy donors leaked after reported hack reuters.com/world/us/leak... · Posted by u/arkadiyt

peeters · 4 years ago

As commented elsewhere

> One of the main organizers behind the convoy, Canada Unity (CU), acknowledged that they had planned to submit their signed "memorandum of understanding" (MoU) to the Senate of Canada and Governor General Mary Simon, described in the MoU as the "SCGGC". The MoU which was signed by James and Sandra Bauder and Martin Brodmann, was posted on the Canada Unity website in mid-December 2021 and publicly available until its February 8 retraction. Bauder, whose name is at the top of a CTV News' list of "major players" in the convoy, is the founder of Canada Unity. CTV cited Bauder saying that he hoped the signed MoU would convince Elections Canada to trigger an election, which is not constitutionally possible. In this pseudolegal document, CU called on the "SCGGC" to cease all vaccine mandates, reemploy all employees terminated due to vaccination status, and rescind all fines imposed for non-compliance with public health orders. If this failed, the MoU called on the "SCGGC" to dissolve the government, and name members of the CU to form a Canadian Citizens Committee (CCC), which is beyond the constitutional powers of either the Governor General or the Senate.

https://en.wikipedia.org/wiki/Freedom_Convoy_2022#Protest_go...

jazzyk · 4 years ago

So they tried to "overthrow the government" by filing a petition to call for early elections? That's quite a stretch...