Wall Street *lost its shit*. The iconic example was Citi analyst Kevin Crissey, who whined:
"This is frustrating. Labor is being paid first again."
Wall Street agreed with Crissey. AA's share price plummeted.
Crissey was voicing a fundamental truth:
Irrespective of how much profit a company makes, the investors' earnings go up when the workers' earnings go down.
"Saying the quiet part out loud," is a cliche, but like so many shopworn phrases, it has its roots in real truths that bear repetition.
Back in 2017, a bunch of Wall Street bros *shouted* the quiet part out loud.
The occasion was an American Airlines earnings call in which management revealed that the company had recorded solid profits and was going to use some of them to bring pilots and flight-attendants wages up to parity with Delta and United.
Mastodon gemini frontend, when ? #mastodev
Meanwhile, in the voxellated forest, inhabitants headbang on lo-fi procedural beats and sliced RAV Vast tunes.
Any discussion of monopolization of the web is bound to include the term "network effects," and its constant companion, "natural monopolies." This econojargon is certainly relevant to the discussion, but really needs the oft-MIA idea of "switching costs."
A technology has "network effects" when its value grows as its users increase, attracting more users, making it more valuable, attracting more users.
#gamedev To get why my platformers sucks I'm analysing good jumps. A bit time consuming (and not extremely precise) but I hope it pays off. :}
My God, it's full of stars...
Why is 4 out of 5 stars good for a restaurant but near-catastrophic for an Uber driver? Why do hotels and movies have two kinds of ratings but books and consumer electronics only have one?
I mean, a rating is just a rating, right? If I like it, I give it more stars. If not, less. I've made a small study of star ratings, which is to say I've read the work of marketing analysts, and it turns out it's not that simple.
La lutte des classes, c'est aussi ça :
AIN : des tueurs à gage en lien avec les renseignements devaient tuer un syndicaliste, une cheffe d'entreprise écrouée
Mais à part ça le problème de l'État c'est l' #islamogauchisme, hein...
Il est visiblement basé sur des stats de la Belgique.
excellent piece in @waypoint from @emanuelmaiberg about how deep the Palestine politics run in The Last of Us Part II. https://www.vice.com/en/article/bv8da4/the-not-so-hidden-israeli-politics-of-the-last-of-us-part-ii
Code, drawings and leftism, in english and en français.
This is a private instance. Sorry.