porb121 (u/porb121) - Readit News

porb121 commented on Detroit wants to be the first big American city to tax land value economist.com/united-stat... · Posted by u/lxm

londons_explore · 2 years ago

France does this.

End result is that french people go to great lengths to make their house look un-valuable.

For example, they never paint anything and never do repairs. Some even have holes in the roof so they can claim buildings are worthless when in fact there is some 2nd roof underneath keeping the inside dry.

porb121 · 2 years ago

Go ahead and reread what a land value tax is

porb121 commented on Microsoft SEC 8-K: IRS is seeking an additional tax payment of $29B microsoft.gcs-web.com/nod... · Posted by u/raimue

dragontamer · 2 years ago

> It seems like Microsoft believes they can settle for something much lower. The stock price doesn’t seem to be hurting pre-market at all

Given the Stock Markets inability to predict the Twitter buyout despite public documents stating Elon Musk's contract to buy at $54.20/share throughout 2022, I'm pretty sure that stock market investors are literally illiterate, unable to read public documents.

Anyone who bought Twitter at $35/share after the contracts public disclosure knows what I'm talking about.

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AMC / APE for another example. Anyone who short sold AMC and bought long APE made bank this past year (before the AMC/APE stock ticker merge there were public documents in December 2022 stating AMCs intention to merge the two one-for-one)

I believe I saw an opportunity as wide as $8 for AMC and $1.50 for a legally equivalent APE a few months ago.

Literally public documents with public court signatures and everything, but so many people remaining ignorant for months, providing anyone 'who can read' an opportunity to make tons of nearly risk free money.

porb121 · 2 years ago

yeah chief I'm gonna need you to google "stock borrow rate" and get back to me when you've made it through the investopedia page

porb121 commented on TSMC tells vendors to delay chip equipment deliveries reuters.com/technology/ts... · Posted by u/mikece

lubesGordi · 2 years ago

" two sources familiar with the matter said." I don't really get how an article can be built off that. Isn't that completely insubstantial on the face of it? Are we supposed to just trust that some reuters journalist is sourcing this info from a credible primary source?

porb121 · 2 years ago

yes, that is how journalism works.

porb121 commented on UN chief says fossil fuels 'incompatible with human survival,' apnews.com/article/climat... · Posted by u/voisin

wrycoder · 3 years ago

You forgot:

0) Since the troposphere has actually warmed only 0.5C in the last forty years, and the world is rapidly reducing human CO2 emissions (which turn out to be a smaller fraction of the total than previously thought), there is little to worry about, and we should direct our efforts at resolving more important issues.

porb121 · 3 years ago

go ahead and google "co2 half-life in atmosphere" and "cumulative co2 emissions over time"

porb121 commented on Algorithmic Trading: A Practitioner’s Guide henrikwarne.com/2023/02/1... · Posted by u/ingve

siftrics · 3 years ago

> I'd argue that an order that'd immediately be filled does provide liquidity to the market overall.

No, it takes liquidity, by definition.

porb121 · 3 years ago

if someone bids 10000000 shares for mid, and I hit their bid, who provided the liquidity?

porb121 commented on Old man yells at cloud jonandnic.com/2023/01/08/... · Posted by u/Apocryphon

mberning · 3 years ago

Man vehicles are a big one. All of the infotainment crap, the 200 control computers, electronic wastegate turbos, etc. etc. are going to age so poorly. There is a reason why cars with mininal BS are fetching such a premium on the used market.

porb121 · 3 years ago

Modern cars are much safer than cars of even 10 years ago

porb121 commented on NYC officials say they can't find EV garbage trucks powerful enough to plow snow gothamist.com/news/snow-g... · Posted by u/IronWolve

alcover · 3 years ago

  > only a handful of days of snow in the year

I know modern economy has gone full-JIT but I naively wish we could just stop in this case and.. wait.

Then this question of truck fleet would be moot.

porb121 · 3 years ago

You're talking about a city of 10+ million people.

porb121 commented on “Why We Sleep” is riddled with scientific and factual errors (2019) guzey.com/books/why-we-sl... · Posted by u/cwwc

actinium226 · 3 years ago

I feel like I gotta side with those people who are critical of guzey. He condenses his arguments into 5 facts which are disconnected and not all that relevant.

At least for me, I'm interested in how sleep affects my day to day performance since that's what matters most. I couldn't care less if Walker was wrong about how sleep affects lifespan or risk of cancer. A million things affect those two things.

The WHO didn't declare a sleep loss epidemic? "2/3rds of Americans don't get enough sleep" is false? That's what's wrong with this book? Not that part about how there are more driving accidents on the day we reset out clocks for DST? Not the part about how sleep affects traumatic memories in PTSD?

porb121 · 3 years ago

if walker is mistaken about numerous small factual details, what makes you confident he's correct about anything meaningful?

porb121 commented on Why is every layoff 10-15%? blog.eladgil.com/p/changi... · Posted by u/andyjih_

bruce511 · 3 years ago

Fortunately I've never had to invoke blanket headcount cuts.

But, as an employer, I've been given the advice "cut once, cut deep" many times. The theory (which I understand) is that employees get skittish once you get to a second or third cut.

The author suggests some companies could stand a 50% cut if that is what is needed.

This month though we've seen twitter cull 50% and twitter users, and customers (advertisers) became equally skittish.

Do twitter employees feel safe? Does the "cut once, cut deep" have the desired effect here? Are customers reassured [1]?

Maybe twitter is a unique case because of other factors - Elon? The fact that people can make their opinions heard on, well, twitter? The fact that other media are reliant on twitter traffic and buzz?

My guess is that employ confidence after a round of layoffs is dependant on their faith in management to begin with, and the clarity of communication between management and staff. Perhaps a transparent financial reality helps employees understand that what they do affects the bottom line, and that line pays their salaries.

porb121 · 3 years ago

> Maybe twitter is a unique case because of other factors - Elon?

really, you think that a rapid change of leadership preceded by an extended legal battle is MAYBE a unique situation? Elon is very clearly one of the most erratic ceos of a 10b+ public company right now

customers and employees are uncertain about the future because the ceo and controlling shareholder seems to change his mind every day about twitter's product, company culture, and general philosophy every single day. if he laid off nobody it would still be mayhem.