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jhatax commented on How Wall Street offloaded $13B of debt tied to Elon Musk's Twitter deal   ft.com/content/51c51b49-5... · Posted by u/jhatax
duxup · 3 months ago
How have the people who bought the debt done?

Were the purchasers assuming that Musk's involvement in government would improve conditions for owning that debt?

jhatax · 3 months ago
First tranche sold at 93c to the dollar; second sold at 98c to the dollar, with a surprise from X which covered the 2c loss, so essentially dollar for dollar.

Morgan Stanley and Bank of America came out on top of this trade. Musk's government involvement was not known with any certainty when he bought X.

jhatax commented on We're bringing Pebble back   repebble.com/... · Posted by u/erohead
parpfish · 7 months ago
Wait… you’re saying she went to urgent care and that urgent care did a cancer screening?

Urgent care is great, but they usually don’t have MDs. There are nurses that can give you stitches or a course of antibiotics but a cancer diagnosis is way out of their expertise

jhatax · 7 months ago
Every provider / system is different. My wife is a physician who works urgent care shifts over the weekend to serve patients as described above. These are in addition to her M-Friday routine. She is part of the Kaiser system. This is systemwide for Kaiser, so my wife’s weekend engagement isn’t a one-off.
jhatax commented on NYC Congestion Pricing Tracker   congestion-pricing-tracke... · Posted by u/gotmedium
jmyeet · 8 months ago
I happened to be living in London when congestion pricing was brought in and the difference on day 1 in the West End was like night and day. I believe it's never gone back to the pre-congestion pricing levels. I fully expect similar in Manhattan.

The social media response has been particularly interesting. Predictably, there are a lot of non-NYCers who simply object to the slightest inconvenience to driving in any form. These can be ignored.

What's more interesting are how many native (or at least resident) New Yorkers who are against this. They tend to dress up the reasons for this (as people do) because it basically comes down to "I like to drive from Queens/Brooklyn into Manhattan". There's almost no reason for anyone to have to drive into Manhattan. It's almost all pure convenience.

The funniest argument against this is "safety", the idea that the Subway is particularly unsafe. You know what's unsafe? Driving.

Another complaint: drivers are paying for the roads. This is untrue anywhere in the US. Drivers only partially subsidize roads everywhere.

And if we're going to talk about subsidies, how about free street parking... in Manhattan. Each parking space is like $500k-$1M on real estate. In a just world, a street parking pass would cost $500/month.

The second interesting aspect is how long it takes to bring in something like this. In the modern form, it's been on the cards for what? A decade? Longer? Court challenges? A complicit governor blocking implementation? That resistance only ever goes in one direction.

My only complaint is that the MTA should be free. Replace the $20 billion (or whatever it is) in fares with $20 billion in taxes on those earning $100k+ and on airport taxes. Save the cost of ticketing and enforcement. Stop spending $100M on deploying the National Guard (to recover $100k in fares).

Public transit fares (that are going up to $3 this year) are a regressive tax on the people that the city cannot run without.

jhatax · 8 months ago
Why is the answer to offset MTA ticket revenue an additional tax on those making $100K+ or those traveling through the city (airport taxes) who don’t use the service? In a city with super high cost of living and almost no auditable way to connect taxes collected with service delivered, this sounds like a penalty to anyone making six figures or connecting through the airport.

There has to be another, more sustainable way for a rich city like NYC to make a service truly accessible and free without another tax. It’s like how the Bay Area bridge tolls have increased by $1 this year to fund the BART system => we still don’t know what was done with the last increase in tolls, yet we have to pony up the extra cash this year.

Smarter folks than me on HN might have an idea other than, “let’s tax folks who make more than an arbitrary dollar amount annually” that has worked in other large metropolitan areas.

jhatax commented on Just Eat Is Selling Grubhub to Marc Lore's Wonder for $650M   theverge.com/2024/11/13/2... · Posted by u/anotherhue
xnx · 10 months ago
> Wtf happened?

Equally valid to ask why it was so overvalued 3 years ago.

jhatax · 10 months ago
Could ask the same question about $PTON. As another commentator said, “British empire levels of value destruction”.
jhatax commented on Labor board confirms Amazon drivers are employees   arstechnica.com/tech-poli... · Posted by u/jhatax
jhatax · a year ago
Uber lost its appeal in NZ as well.

u/jhatax

KarmaCake day1809January 27, 2012
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Work on professional services for Oracle Cloud Infrastructure. Opinions my own.
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