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The Economy

Discussion in 'Sports and News' started by TigerVols, May 14, 2020.

  1. maumann

    maumann Well-Known Member

    Peeps guy dies, egg prices drop.

    Correlation or causation? I'll be waiting on the other side of the road.
     
  2. Regan MacNeil

    Regan MacNeil Well-Known Member

    Are you suggesting marshmallow-laying birds migrate?
     
  3. The Big Ragu

    The Big Ragu Moderator Staff Member

    Yup. On the demand side, it also probably didn't help that we were heading into the holiday baking season where egg demand usually goes up, and it was happening just as there was a lot of uncertainty around supply because millions of birds were dying.
     
  4. Hermes

    Hermes Well-Known Member

    The town I work in is one of the egg-producing capitals of the Midwest, with a giant facility that holds 8.4 million hens that makes it the No. 11 producer in the country. The guy at the top said that almost verbatim a couple of weeks ago.
     
    Last edited: Feb 10, 2023
  5. Azrael

    Azrael Well-Known Member

    U.S. to test shots against bird flu outbreak, as Biden administration weighs poultry vaccinations

    Federal scientists are gearing up to test the first vaccines in poultry against bird flu in years, as Biden administration officials say they have now begun weighing an unprecedented shift in the U.S. strategy to counter the growing outbreak.

    The move comes amid mounting concern over the threat posed by the ongoing spread of highly pathogenic avian influenza over the past few years, which has devastated flocks of wild and commercial birds around the continent.

    A record 58 million birds — mostly commercially-raised poultry — have died in the outbreak so far, according to figures tallied by the USDA's Animal and Plant Health Inspection Service — either killed by the virus itself or put down in efforts to quash its transmission. Every state has detected the virus spreading among wild birds and 47 have spotted them in poultry.
     
  6. Azrael

    Azrael Well-Known Member

    Sylvia Earle: ‘We are on the brink – a million species may be lost’

    The renowned oceanographer Sylvia Earle has urged a global gathering of marine experts to rein in industrial overfishing that threatens hundreds of species with extinction and to rethink our relationship with the oceans, calling on humanity to “do unto fish as you would have them do unto you."

    In an interview with the Guardian at the Fifth International Marine Protected Areas Congress (Impac5) in Vancouver, the American marine biologist and first female head of the National Oceanic and Atmospheric Administration says intensive factory fishing is treating marine species the same as farmed livestock, despite being very different.

    “So many people seem to think that fish are equivalent to cows and chickens and pigs. We even talk about ‘harvesting’ the sea,” she says. “It’s not a harvest – we’re just out there as hunters.”
     
    Neutral Corner likes this.
  7. Azrael

    Azrael Well-Known Member

    the aristocrats!

     
  8. The Big Ragu

    The Big Ragu Moderator Staff Member

    Even if the Manhattan Borough President had any actual power to do anything. ... no, there is nothing HE should be doing to address the affordability of housing. Unless he wants to limit it to tweeting and populist rhetoric.

    We don't need the arsonists riding in on the fire truck yet again and making housing even less affordable for a lot of people because they institute another de facto price control and create a supply and demand imbalance that drives up rents even further.

    When someone rents an apartment to someone else, the exchange should be completely voluntary and entirely between the two parties involved.
     
  9. Michael_ Gee

    Michael_ Gee Well-Known Member

    The solution to housing costs is building more housing. This is ferociously opposed wherever proposed. There are people in Manhattan, I kid you not, who oppose new construction on the grounds it will require tall buildings.
     
    sgreenwell likes this.
  10. Regan MacNeil

    Regan MacNeil Well-Known Member

    And in Ideal Land, they would be. But here in the actual world, we peasants don’t get to have nice things, and government overreach is well down on the list of reasons.
     
  11. The Big Ragu

    The Big Ragu Moderator Staff Member

    A big piece of it is the same monetary inflation that is making lots of things cost more. Even though, saying that, I am sure that Manhattan rents are up in real terms, not just nominal terms.

    Where I suspect we are heading is a period more like the 1960s and 1970s in New York than the 2000s. A tougher sustained economy and reduced demand. Rents might not come down much in nominal terms if it is a stagflationary environment (what I also suspect is going to persist), but in real terms, they will. Ultimately, the cure for high prices is always . ... high prices.

    During the boom of the 1990s and 2000s that pulled forward growth from decades in the future on all of the mispriced debt, there was an insane amount of commercial construction in New York. And New York's comeback from Covid has been slower than most places, with occupancy rates still hovering below 50 percent. So I also suspect (although this isn't a novel thought, it's a conversation a lot of people are now having) that there is going to be conversion of a lot of those commercial buildings into residential, increasing supply.
     
    Last edited: Feb 10, 2023
  12. Azrael

    Azrael Well-Known Member


    To the extent he's a politician in New York City, he's part of the problem.

    Our impenetrable calculus of development and politics and money and graft is - like everything else here - the greatest in the world.

    Housing - another local struggle since the time of the Dutch.
     
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