nyan

joined 1 year ago
[–] [email protected] 5 points 2 months ago* (last edited 2 months ago)

Thing is, there's still what you might call a stagnation space between "line goes up" and "must declare bankruptcy", one in which even a publically traded company can ride for a year or so without the shareholders getting too anxious while they wait for the line to start going up again. Yes, you'll get the occasional company cratering by doubling down on a bad decision made in pursuit of line-goes-up, but 240 of them suggests that there's something more going on here.

It may be that the issue is the "higher borrowing costs" that the article alludes to, and the way these companies have been conditioned to do business causes them to overextend themselves by borrowing too much. That means that the ones that stay afloat will be the ones that can correctly balance the risks inherent in taking out loans.

[–] [email protected] 20 points 2 months ago (9 children)

Today, the cost of residential construction is 81-per-cent higher across Canada’s major cities compared to 2017 and more than double – up 107 per cent – in the Toronto region, according to Statscan data.

And part of that's inflation, and the rest of it is . . . what? Higher property costs for unbuilt land? New environmental regulations? Increased municipal permitting and red tape? Companies driving the expenses up by building large detached houses no one can afford? A knock-on effect from industries producing building supplies?

Are the costs being driven up at a similar rate outside major cities?

[–] [email protected] 30 points 2 months ago

A lot of people seem to hate her for whatever reason,

She was wealthy and in a position of power over something they cared about, which she managed in a way they didn't agree with. Some people have a hard time seeing people who are very distant from them and not part of their particular tribe as human beings.

Nevertheless, she was a human being, and presumably she had loved ones who are now grieving her loss. I don't want to think about what this vitriolic spew is doing to them.

[–] [email protected] 17 points 2 months ago

Once you have more mice than cats, the cats can't win if the mice are sufficiently motivated to put in an effort. That's why mice still exist even though cats have been around for millenia—only one mouse needs to escape the net. (Well, okay, a breeding pair if you're dealing with actual mice, but it's a lot less than the total number of mice.)

[–] [email protected] 8 points 2 months ago

Trust? No. But all they actually need is resignation.

[–] [email protected] 2 points 2 months ago

I suppose it just seems incredible to me that the airline didn't even try to come up with another excuse after they were caught out on the first one. Maybe it really was an executive recreational jaunt to Palm Springs.

[–] [email protected] 4 points 2 months ago

I'm laughing so hard that my cat is looking at me funny.

[–] [email protected] 7 points 2 months ago

"quality"="gets me the answer I'm looking for, if it exists, and as quickly as possible". Regardless of whether I was making a simple nav query or trying to figure out what an error message from some obscure piece of obsolete software really means. No other metrics need apply.

Unfortunately, Google still has the largest database of pages indexed, even if its frontend sucks like an industrial shopvac. So it can sometimes answer questions that engines using other databases as backing can't, even if locating that answer is like fighting back a horde of zombies with a paring knife.

[–] [email protected] 12 points 2 months ago (2 children)

So what was the actual reason for cancellation? Aircraft so undermaintained they didn't have enough functional ones to cover all flights, and that one lost the coin flip? Multiple air crew down with COVID? Exec wanted the plane to take some friends golfing in Palm Springs? Seems like even the tribunal looking into this never did find out, although they did make the airline pay up.

[–] [email protected] 16 points 2 months ago (2 children)

'Twas ever thus. We've imposed conscription exactly twice since Confederation, during the two World Wars. During WWI, it caused riots because Francophones thought the way it was being imposed was inequitable. At neither time did any significant number of Canadian conscripts get shipped out to fight—instead, they took on domestic roles like guarding military posts to free up volunteers to be shipped out instead (I think a few did go overseas in the trailing months of WWII, but it was a pretty small percentage).

In other words, the draft has never been popular here, and likely never will be. And inequity in how it's imposed has been an issue for more than a century. (The nature of the inequity is different this time, but I don't think that matters so much.)

[–] [email protected] 13 points 2 months ago (1 children)

Sometimes it's nature and not nurture. And we don't know for certain that she had the primary responsibility for raising him, either. Families can be complicated.

[–] [email protected] 61 points 2 months ago (3 children)

The bubble will burst in a few years (it really should burst sooner, but too many people are trying to prop up their bad investments).

To put it another way, is this guy really any worse than Musk or any of the other too-wealthy wastes of oxygen rattling around?

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