"Reddit defiantly needs to restructure their moderation teams."
Wow. Reddit really is just a pile of rubbish now. So glad I found HN.
What would improve the content quality is a requirement to maintain membership by answering a complex enough question once a month. Questions could be prepared by mods. But then all the reddit audience would be gone, and with them the reddit's power to influence the lazy internet crowd.
John Maynard Keynes developed this idea (that came to be known as Keynesian beauty contest[1]) in 1936. This isn't a new property of the market, it has always been the case.
> when companies do pay dividends or buy back stock, it's sometimes done by borrowing money
It's not clear that this is a problem, given that cash is basically free (though they do have to pay back the principal). I'd be interested to see what proportion of dividends and buybacks comes from borrowed cash. I suppose calculating such a thing would be very difficult, but it'd be interesting to see some analysis on this.
> if 90% of people pull out of the stock market, it's quite possible for the stock market to go up
What if 90% significantly cut consumption? Ultimately the companies have to sell their products to somebody.
“Look, I meet a lot of those people on Wall Street on a regular basis right now... I know them. These are the people I have lunch with. And I am going to put it very bluntly: I regard the moral environment as pathological. [these people] have no responsibility to pay taxes; they have no responsibility to their clients; they have no responsibility to counter parties in transactions. They are tough, greedy, aggressive, and feel absolutely out of control in a quite literal sense, and they have gamed the system to a remarkable extent. They genuinely believe they have a God-given right to take as much money as they possibly can in any way that they can get it, legal or otherwise.
If you look at campaign contributions, which I happened to do yesterday, the financial markets are the number one campaign contributors in the US system right now. We have a corrupt politics to the core.. both parties are up to their necks in this.
But what it’s lead to is this a sense of impunity that is really stunning, and you feel it on the individual level right now. And it’s very, very unhealthy, I have waited four years, five years now to see one figure on Wall Street speak in a moral language. And I’ve not seen it once.”
I just opened FB with the cache disabled and it downloaded 5.85MB (19.76MB uncompressed).
Most of it happens after the page has rendered, which is great, but that's a lot of stuff. There are 13.74MB of uncompressed JavaScript.
I was under the assumption that companies offered severance pay as a means to save face.. and this is not part of the offer negotiation.
(And of course they likely wouldn't understand "grok" either").