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The Economy

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

Page 222 of 462
  1. Regan MacNeil

    Regan MacNeil Well-Known Member

    INCOMING!!!
     
    Regan MacNeil, Apr 6, 2023
    #2653
  2. Hermes

    Hermes Well-Known Member

    I grew up in a town with a ConAgra plant. Spent a summer in college making Chef Boyardee, La Choy and Van Camp’s products.

    Couldn’t look at a can of Chef Boyardee after that.
     
    Hermes, Apr 6, 2023
    #2654
    maumann, 2muchcoffeeman, I Should Coco and 1 other person like this.
  3. Azrael

    Azrael Well-Known Member

    Azrael, Apr 6, 2023
    #2655
  4. Hermes

    Hermes Well-Known Member

    You have meddled with the primal forces of this freshman-level econ book, Mr. Beale, and I won't have it!
     
    Hermes, Apr 6, 2023
    #2656
    dixiehack, 2muchcoffeeman and Azrael like this.
  5. Azrael

    Azrael Well-Known Member

    videomoviespeechnetwork4.jpg
     
    Azrael, Apr 6, 2023
    #2657
  6. The Big Ragu

    The Big Ragu Moderator Staff Member

    It's very possible. Just as the 20 + percent decline in net income for the same quarter LAST YEAR happened. When you look at quarter over quarter earnings, the baseline (Q3 2022) is going to determined how much profits grew or declined year over year. And their net income last year was down 20-something percent. ... their cost of goods had jumped more than 10 percent and they had to eat a ton of margin. It was a really depressed quarter they are now making comparisons to. Which creates the eye popping numbers this year.

    They responded to how difficult things were last year by raising prices a lot (same as they hadn't raised prices enough and saw earnings way down for that quarter in 2022). This was a bounce back quarter. That context matters.

    I get that whoever "More Perfect Union" is, does populist stuff to try to get people riled up. But last year when ConAgra saw a precipitous decline in earnings during the same quarter as they ate a ton of margin (why you saw such an exagerated jump Q3 over Q3 this year), was "More Perfect Union" doing the same kind of things about how "ungreedy" they were and how much they were eating in margin so people paid less? (FWIW, it would be a silly narrative too. ... they weren't being virtuous. They got hit by surprise at how much their costs jumped).

    ConAgra's operating margins are in the same range they have been for the last decade +. In fact, their margins this quarter were below where they were during many quarters prior to the pandemic and the consumer price inflation that has taken off. That doesn't really fit silly "greedy" populism.

    And as always. ... Nobody has a gun to their head forcing them to buy slim jims and ketchup. Are the consumers who have bid up the prices of those things (ConAgra sells into a market; they can't just dictate a price and make someone pay it), terrible people for having made things cost so much?
     
    Last edited: Apr 6, 2023
    The Big Ragu, Apr 6, 2023
    #2658
    Azrael likes this.
  7. Azrael

    Azrael Well-Known Member

    One of the great speeches in movie history. Paddy Chayefsky was a 100% goddamn American genius.

    You have meddled with the primal forces of nature, Mr. Beale, and I won't have it!! Is that clear?! You think you've merely stopped a business deal. That is not the case. The Arabs have taken billions of dollars out of this country, and now they must put it back! It is ebb and flow, tidal gravity! It is ecological balance!

    You are an old man who thinks in terms of nations and peoples. There are no nations. There are no peoples. There are no Russians. There are no Arabs. There are no third worlds. There is no West. There is only one holistic system of systems, one vast and immane, interwoven, interacting, multivariate, multinational dominion of dollars. Petro-dollars, electro-dollars, multi-dollars, reichmarks, rins, rubles, pounds, and shekels.

    It is the international system of currency which determines the totality of life on this planet. That is the natural order of things today. That is the atomic and subatomic and galactic structure of things today! And YOU have meddled with the primal forces of nature, and YOU WILL ATONE!

    Am I getting through to you, Mr. Beale?

    You get up on your little twenty-one inch screen and howl about America and democracy. There is no America. There is no democracy. There is only IBM and ITT and AT&T and DuPont, Dow, Union Carbide, and Exxon. Those are the nations of the world today.

    What do you think the Russians talk about in their councils of state -- Karl Marx? They get out their linear programming charts, statistical decision theories, minimax solutions, and compute the price-cost probabilities of their transactions and investments, just like we do.

    We no longer live in a world of nations and ideologies, Mr. Beale. The world is a college of corporations, inexorably determined by the immutable bylaws of business. The world is a business, Mr. Beale. It has been since man crawled out of the slime. And our children will live, Mr. Beale, to see that perfect world in which there's no war or famine, oppression or brutality -- one vast and ecumenical holding company, for whom all men will work to serve a common profit, in which all men will hold a share of stock, all necessities provided, all anxieties tranquilized, all boredom amused.
     
    Azrael, Apr 6, 2023
    #2659
    Neutral Corner and I Should Coco like this.
  8. Machine Head

    Machine Head Well-Known Member

    I worked a summer with raw asbestos making waterproofing product.

    It was a simpler time.
    .
     
    Machine Head, Apr 6, 2023
    #2660
  9. Azrael

    Azrael Well-Known Member

    and here we are . . .

     
    Azrael, Apr 7, 2023
    #2661
  10. Neutral Corner

    Neutral Corner Well-Known Member

     
    Neutral Corner, Apr 8, 2023
    #2662
  11. Batman

    Batman Well-Known Member

    CBDC is some nefarious shit. The potential for government abuse is off the charts. And our government — and many others — are already well along the track to implementing it.

    Edit to Add: After reading the New Republic story, the author is either hopelessly naive about CBDC, incredibly clueless, or a dangerous mix of both. He comes across as a blithering idiot to anyone who has spent even a few minutes seriously thinking about or studying the topic.

    The author tries to paint DeSantis' opposition to it as somehow being pro-cryptocurrency (which I didn't think was evil at all), or as conspiracy theory nonsense. The anti-CBDC movement is stoked by the not-unrealistic fears of the horrors a programmable currency controlled by the Federal Reserve could unleash. And it's not a conspiracy theory that the Fed has laid and continues to lay the groundwork for this.
    He also plays the "If you've done nothing wrong, then you have nothing to hide" card with this gem:

    Seriously, Timothy Noah can fuck right off with that. This line of thinking is already a huge problem with local cops using civil asset forfeiture to commit legalized larceny. But I'm sure he's perfectly fine with that, right?
    Holy shit, this guy.
     
    Last edited: Apr 9, 2023
    Batman, Apr 8, 2023
    #2663
  12. Azrael

    Azrael Well-Known Member

    Azrael, Apr 9, 2023
    #2664
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