U.S. annual inflation rate drops to 8.5% • Hacker News Board

Re: U.S. annual inflation rate drops to 8.5%

#561

Post by scythe » Wed, Aug 10, 2022, 4:10 PM UTC

pojzon wrote: post #304

scythe wrote: post #272

Earlier quoted context omitted.

>it will take around 50 years That would be twice as long as it took the US to electrify 90% of farm houses. https://en.wikipedia.org/wiki/Rural_Electrification_Act > Speaker of the House Sam Rayburn was a major proponent of the REA, which he helped pass in 1936 as Chairman of the House Interstate and Foreign Commerce Committee. Rayburn stated in 1959 that ninety percent of farm homes in the U.S. were electrified, co…

How energy production looked like in 1930s vs now. How many charging points do we need now vs # those farms ? What was the quality of cable lanes used ? Did we consider off-grid then ? Whats the estimated cost in comparison to now ? You make it sound simple, but its not. Making that comparison is like comparing apples to oranges.

>How many charging points do we need now vs # those farms ?

There are ~150,000 gas stations in the United States. There are 2 million farms, and that's after significant consolidation of agriculture during the Green Revolution.

>You make it sound simple, but its not.

You are simply posting 'questions' without bothering to do the least bit of research. Looking up those numbers took less than a minute. Climate change discussions benefit from informed skepticism, not intransigent fatalism.

Re: U.S. annual inflation rate drops to 8.5%

#562

Post by ericsoderstrom » Wed, Aug 10, 2022, 4:11 PM UTC

jjcon wrote: post #526

weberer wrote: post #332

"In the fall of 1972, President Nixon announced that the rate of increase of inflation was decreasing. This was the first time a sitting president used the third derivative to advance his case for reelection." - Civ5

Would that be third derivative or just second? My brain doesn’t want to parse that

Yes, because inflation is already the first derivative of cost.

So the 'rate of increase' of inflation is the second derivative. And to say that the second derivative is decreasing is another way of saying the third derivative is negative

Re: U.S. annual inflation rate drops to 8.5%

#563

Post by sacred_numbers » Wed, Aug 10, 2022, 4:11 PM UTC

kurupt213 wrote: post #264

Drops, while accurate, feels so disingenuous. The messaging should be that it’s slowing down

Price levels actually did drop compared to June. If anything I bet people are more likely to interpret this incorrectly by believing that prices are still rising compared to last month, just at a lower rate. They are not, it's just that with a n indicator that compares current price levels to price levels a year ago it takes a while for the rate to come down, even if prices stay still or slightly decrease.

Re: U.S. annual inflation rate drops to 8.5%

#564

Post by bialpio » Wed, Aug 10, 2022, 4:13 PM UTC

hunterb123 wrote: post #513

banannaise wrote: post #444

Earlier quoted context omitted.

You should also have a high-rated chest cooler ("marine coolers" are great for this) in case of power outages. Move the freezer contents to the cooler, pack with dry ice, place in a cool shaded area, do not touch. It will stay frozen for close to a week.

Or pull your generator out and power your cooler and other essentials. Much easier than trying to get and find dry ice in an emergency.

Where does one normally find dry ice in the US, even when there's no emergency? Is it a commonly stocked thing?

Re: U.S. annual inflation rate drops to 8.5%

#565

Post by tshaddox » Wed, Aug 10, 2022, 4:13 PM UTC

atyppo wrote: post #517

kjkjadksj wrote: post #453

Earlier quoted context omitted.

Its tough when you live in an apartment with no storage. You often are paying more because you dont have room for bulk. Costco is great if you have a garage or basement though

I'm in a pretty small apartment in Manhattan (albeit with an abnormally large kitchen). I can always get the value of my Costco membership in my first trip there, even without a car. Basic goods like Advil, laundry detergent and dishwasher detergent are miles cheaper than other options in Manhattan.

We find it difficult to use the Costco OTC drugs like Advil among two people before the expiration date.

Re: U.S. annual inflation rate drops to 8.5%

#566

Post by sangnoir » Wed, Aug 10, 2022, 4:14 PM UTC

dragonwriter wrote: post #424

sangnoir wrote: post #387

Earlier quoted context omitted.

> My previous plan was 8c per kWh, it's now 16c per kWh Didn't ERCOT allow the Texas energy resellers to "recoup" the winterstorm losses (running into billions) from their customers over a decade? That increase was not primarily driven by inflation, but by good old socialization of losses while privatizing profits.

Consumer price increases are inflation, no matter what drives them. And energy price inflation drives inflation in other sectors, again, irrespective of what is driving the energy price inflation itself.

> Consumer price increases are inflation, no matter what drives them.

Yes, but I never argued it's not inflation.

Most suppliers lean on the crutch that costs have gone up for them (due to supply constraints or inflation) so it can get recursive: some consumer price increases are driven by inflation - the most obvious being inflation of fuel increasing the price of shipping.

The price increases on the Texas energy market deserves a special call-out because it's a hypocritical corporate bailout with public money on a so-called open energy market, without fixing the root cause. Throw in once-a-century storms happening every decade, and you got a stew going.

Re: U.S. annual inflation rate drops to 8.5%

#567

Post by [deleted] » Wed, Aug 10, 2022, 4:15 PM UTC

jjcon wrote: post #526

weberer wrote: post #332

"In the fall of 1972, President Nixon announced that the rate of increase of inflation was decreasing. This was the first time a sitting president used the third derivative to advance his case for reelection." - Civ5

Would that be third derivative or just second? My brain doesn’t want to parse that

[deleted]

Re: U.S. annual inflation rate drops to 8.5%

#568

Post by lettergram » Wed, Aug 10, 2022, 4:15 PM UTC

honkycat wrote: post #334

propogandist wrote: post #233

Earlier quoted context omitted.

They’re pushing all kind of narratives to make cattle seem like they’re terrible for the world, and linking everything to climate change. No one wants to accept the push to start eating bugs. Don’t give into the WEF propaganda https://www.theguardian.com/environment/2021/mar/18/cows-sea...

India has had many many vegetarians for a long long time. We don't need to eat bugs. We can just eat less meat, like our ancestors did.

Historically, people at a lot of meat.

> The researchers studied ten other comparable food lists from southern England and discovered a remarkably similar pattern: a modest amount of bread, a huge amount of meat, a decent but not excessive quantity of ale, and no mention of vegetables (although some probably were served).

https://www.medievalists.net/2022/04/who-was-eating-meat-in-...

Simply put, you have an animal who eats a bunch of veggies. It’s gathering the calories for you. Then when you kill it, you harvest those calories. There are other means of collecting calories (farming grains, milk & honey, etc) but for most of human history (even now) meat was necessary as it contained the calories to survive.

Re: U.S. annual inflation rate drops to 8.5%

#569

Post by ailef » Wed, Aug 10, 2022, 4:16 PM UTC

Balero wrote: post #519

lettergram wrote: post #463

Earlier quoted context omitted.

I dont see any way Ukraine can win. There’s a lot of real information out there (military reports). I’m not going to dive into that and debate it. There are also many channels covering this topic mostly neutral: Here’s one: https://m.youtube.com/watch?v=KILAY2miQdI Here’s another: https://m.youtube.com/c/AlexanderMercourisReal In short, for Russia to lose would be the end of Russia. They have to be seen as hitting th…

You are right there are lots of real information out there. You have picked a 1. random unpopular youtube channel (which might be good, I couldn't verify anything from it, as I couldn't find who ran it, if you know I am happy to be proved wrong) and 2. A disbarred barrister https://twitter.com/markgaleotti/status/927087181532991489?l... . There is much better information to pick than this! Any information will have a…

> Your assertion that you can't see anyway for Ukraine to win is based on "If Russia loses, it would be the end of Russia". Well, if Ukraine loses it will be the end of Ukraine, so I guess by your logic Russia can't win either? (TBF, everyone losing to some degree is right with war).

One big difference here is that Russia has nuclear weapons and Ukraine does not.

Re: U.S. annual inflation rate drops to 8.5%

#570

Post by wil421 » Wed, Aug 10, 2022, 4:16 PM UTC

ryukafalz wrote: post #536

kjkjadksj wrote: post #455

Earlier quoted context omitted.

Just get panniers

Or a bike trailer if you need to carry more. Some can detach and be used as a hand cart too, so perfect for grocery shopping!

I have a double kids trailer from Thule. Even with kids it has a ton of storage. It detaches easily and has 4 wheels. The shocks are also adjustable to make it easier on the kids with heavy loads.