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Joined 1 year ago
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Cake day: July 7th, 2023

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  • OK… so this is weird. The Supreme court just upheld that the funding structure of the CFPB was constitutional overruling the 5th circuit ruling that the CFPB funding structure was unconstitutional… But THIS federal judge just used the 5th court unconstitutionality ruling as the basis for why this CFPB credit card rule was unconstitutional (the CFPB is unconstitutional so any decision they make is invalid). It seems like he’s leaning on a just overturned ruling to make this decision. Is this just a case of a timing error where everything in the credit card fee case was filed before he Supreme Court overruled the 5th circuit’s ruling or is there another argument there?


  • But the reality is managers want to pick who gets laid off. It’s not that they want to just cut heads and reduce costs… upper management. may want that… but the actual managers want to keep their best and brightest. They know who the people are who get shit done, and they want to keep those people. Rto tends to have the opposite effect.

    The reality is it is often the best employees, the most experienced employees, and some very high level employees who have the most confidence and are most willing to say " screw you, I know I can find a job somewhere else" And give the middle finger to the employer who’s trying to do an RTO plan.

    Don’t be fooled by the headlines. Real businesses want to control who they let go. They want to have all the power in the relationship. They want to cut their lower performers and keep their superstars. RTO is about the worst head cutting program you could dream up.







  • The dropping interest rate is one of the main reasons that housing prices have skyrocketed in the past 20 years. People judge housing prices by what they can afford monthly and interest rates directly impact that figure. It’s only a matter of time for housing prices to fall drastically if interest rates remain at 7%.

    And yes, I have a 500k loan at 2.5% on a 30yr fixed mortgage. Maybe we’ll sell our house in 15 years, but otherwise, forget it! I have zero interest in paying it off early.






  • It’s not that this is an unpopular opinion, but rather that it’s a dumb opinion. You’re defining things one way and someone else can define them a different way. You can both define what an environmentalist is differently and that will affect the result of your question. If you’re insisting that you own the definition of an “environmentalist” then you’re being dumb.

    In fact, I agree with the unstated premise of your statement. I think the risks of nuclear waste and a nuclear meltdown are much less than the risks of global warming and therefore nuclear power is good for the environment. However it is also a perfectly valid opinion that we should just reduce our energy usage and reduce global warming in that manner. I think it’s unrealistic, but it’s possible if we had the desire to do that as a collective. It is a valid opinion to be on that side of the fence. I think it’s the less pragmatic approach, but I’ve known many people who are hippy environmentalists and it’s still a valid position.



  • I guess I’ve been lucky enough to work at companies where the CEO worked hard and provided significant benefit to the company. Of course, working hard for a CEO is different than for people lower. Going to dinner with customers, schmoozing with other CEOs, and getting updates from managers, etc. are all important CEO tasks. In every company I’ve worked at in the past 25 years, the CEO puts in more than 40 hours a week, but that 40 hours may be travel or going to nice dinners, etc. I’ve also seen them provide good leadership, good direction, and have been relatively good people. “Relatively good”. Maybe I’ve just been lucky.