Container shipping has cratered, as ship owners try to avoid unprofitable trips

Post by account42 » Wed, May 24, 2023, 11:42 AM UTC

lynx23 wrote: post #99

carlmr wrote: post #94

Earlier quoted context omitted.

But you see the chicken and egg problem here. News outlets have deteriorated because they can't make money. If people actually paid for them they might have a chance to hire competent people and do investigative journalism. But now they're being paid mostly by ad revenue and a handful of subscribers. So they have to publish trash to optimize for clicks.

Its even worse. In my country, the government has given a lot of money to media companies, right around covid. That magically made them all comply and report the same government propaganda. However, even non-conspiracy-theory-people have realized what is going on here. After the fact, I believe no sane person would want to give them money, because, you know "the state is already paying em, why should I?"

Post by matwood » Wed, May 24, 2023, 11:45 AM UTC

Grimburger wrote: post #62

mberning wrote: post #18

Earlier quoted context omitted.

Their plan to curtail inflation has always been demand destruction. Which means callous layoffs, unemployment, and misery for the workforce. We are just now seeing the effects, so expect it to get worse from here. We are a few more earnings misses, fumble of the debt ceiling, and another bank collapse away from a depression.

> callous layoffs, unemployment, and misery for the workforce US unemployment is hovering around 50 years lows. Probably better to look at the actual stats rather than listen to the constant doom-peddling that comes from the media. https://tradingeconomics.com/united-states/unemployment-rate

Post by lynx23 » Wed, May 24, 2023, 11:55 AM UTC

saintkaye wrote: post #81

lynx23 wrote: post #78

Earlier quoted context omitted.

Lamenting the unwillingness to pay for trash is a hopeless cause. The cat bites its own tale. Most news outlets I know have deteriorated so much in quality that I would never even think about paying for any of that propaganda. Give me a good, balanced, non-pliticized and honest news site, and I might consider supporting them.

You don’t actually want that or you’d be paying for it already. The problem is that most news doesn’t affect you and the majority that does only affects you in that it excites, scares or entertains you. It wasn’t that news got bad or people got more evil, it’s that the value of information cratered and now it’s not even expensive enough to come with editors.

Post by matwood » Wed, May 24, 2023, 12:11 PM UTC

mberning wrote: post #31

listenallyall wrote: post #27

Earlier quoted context omitted.

Sure, you can always find some people struggling. But your statement simply doesn't match reality. Retail sales are growing fast https://nrf.com/media-center/press-releases/nrf-forecasts-20... . Discretionary spending on travel is through the roof. https://www.mastercardservices.com/en/reports-insights/econo...

You seriously want to toss out travel spending as an indicator of how well things are going for the general population? Travel is a luxury, and rich people are not hurting yet. The people at the bottom of the economy ,your average walmart and target shopper, is who is hurting. Also, raw dollars is not a good metric for how much stuff is being bought. Sales in dollars can be way up, but the amount or quantity of goods…

Post by prox » Wed, May 24, 2023, 12:14 PM UTC

neilv wrote: post #135

carlmr wrote: post #71

Earlier quoted context omitted.

Good news reporting is an essential part of democracy. We don't have it anymore. Nobody wants to pay for it. We'll see how it goes.

> Nobody wants to pay for it Spoken on a popular site that routinely uses pirate mirrors to circumvent news site paywalls. :)