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The Egg Bandits Made a Thousand Times the Fine They Just Paid for Price Fixing

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Re: The Egg Bandits Made a Thousand Times the Fine They Just Paid for Price Fixing

#131

Post by jorvi »

arjie wrote: post #87

Wow, well I have egg on my face. I have frequently used this as an example of the "oh so the egg guys got greedy and then got saintly" to parody the idea that price is primarily determined by greed. Welp! Now to see if I can eke out some pride by finding out what percentage of the price fluctuations was due to coordination. > During the 2024 campaign, when Kamala Harris meekly suggested price gouging to tame inflatio…

The infamous greed cycle: https://streamsofconsciousness.blog/wp-content/uploads/2023/...

Re: The Egg Bandits Made a Thousand Times the Fine They Just Paid for Price Fixing

#132

Post by JKCalhoun »

CGMthrowaway wrote: post #91

I did not realize the egg crisis was found to be price fixing operation. As I recall during the whole thing the news was non-stop about how it was related to broad-based inflation, chicken culling for avian flu, etc. Seems like all that was a lie, or at least merely a half-truth.

It was 100% due to Biden.

(Or so I was told. Might even be the reason we have Trump 2.0?)

Re: The Egg Bandits Made a Thousand Times the Fine They Just Paid for Price Fixing

#134

Post by sixothree »

mikestew wrote: post #115
atmavatar wrote: post #110

Earlier quoted context omitted.

To start with, the war on drugs was initiated by Nixon as a way to target political enemies (hippies and non-whites).

[flagged]

It was really John Ehrlichman who revealed the truth. Listening to the Nixon tapes, he (Nixon) spent the entirety of his days scheming against political enemies and people he simply didn't like.

https://www.cnn.com/2016/03/23/politics/john-ehrlichman-rich...

You really shouldn't need a citation for something so easily verifiable.

Re: The Egg Bandits Made a Thousand Times the Fine They Just Paid for Price Fixing

#135

Post by qwerpy »

cholmdomsky wrote: post #113
toomuchtodo wrote: post #72

Earlier quoted context omitted.

American Bar: Prosecutors confront ugly repercussions of bias - https://www.americanbar.org/news/abanews/aba-news-archives/2... - February 3rd, 2023 > The pervasive problems with racism in our criminal justice system has been clear. Black Americans are incarcerated in state prisons at nearly five times the rate of white Americans. > The systemic racism in the system starts before the first contact and continues throu…

How do you respond when others use that information to instead assert "well of course they're incarcerated at a higher rate; they commit more, and worse crimes than -we- do!"

I’ve given up trying to convince people about any of this. You will be accused of some -isms at best. So I just quietly use demographic information to pick where to live and where to send my kids to school. And try to be sympathetic when my friends complain about being impacted by crime.

Re: The Egg Bandits Made a Thousand Times the Fine They Just Paid for Price Fixing

#136

Post by AngryData »

scottlamb wrote: post #77
gruez wrote: post #56

Earlier quoted context omitted.

>for things like shoplifting and vandalism it should be double or triple damages with no prison What do you think the chances of being caught shoplifting is? If it's less than 50-33%, then you have the same problem as the OP where it makes sense to shoplift.

> What do you think the chances of being caught shoplifting is? If it's less than 50-33%, then you have the same problem as the OP where it makes sense to shoplift. Don't we already? Police and DAs at least here in California are not serious about punishing shoplifters AFAICT. I hear people say this is specifically because of the 2014 Proposition 47 (raising the threshold for felony theft from $400 to $950). Not sure…

Police don't go for small crimes because they don't have the standing for them and courts to extort and abuse people over them and that is how they get bonuses and abusive actions ignored. It is a perverse incentive to extort the most vulnerable on the harshest charges possible while ignoring any more difficult to prove crimes and petty crimes.

Re: The Egg Bandits Made a Thousand Times the Fine They Just Paid for Price Fixing

#137

Post by throwway120385 »

JKCalhoun wrote: post #132
CGMthrowaway wrote: post #91

I did not realize the egg crisis was found to be price fixing operation. As I recall during the whole thing the news was non-stop about how it was related to broad-based inflation, chicken culling for avian flu, etc. Seems like all that was a lie, or at least merely a half-truth.

It was 100% due to Biden. (Or so I was told. Might even be the reason we have Trump 2.0?)

The major egg supplier for most of the grocery stores decided not to buy as many pullets to replace the ones they culled from Avian Flu, and then the second and third largest also followed suit. As a result there was a bug supply crunch that coincided with Avian Flu cullings. Unless Biden was there making command decisions about how many pullets to buy that year he had nothing to do with it.

Re: The Egg Bandits Made a Thousand Times the Fine They Just Paid for Price Fixing

#138

Post by JKCalhoun »

throwway120385 wrote: post #137
JKCalhoun wrote: post #132

Earlier quoted context omitted.

It was 100% due to Biden. (Or so I was told. Might even be the reason we have Trump 2.0?)

The major egg supplier for most of the grocery stores decided not to buy as many pullets to replace the ones they culled from Avian Flu, and then the second and third largest also followed suit. As a result there was a bug supply crunch that coincided with Avian Flu cullings. Unless Biden was there making command decisions about how many pullets to buy that year he had nothing to do with it.

Not disagreeing, but all I heard was Biden-flation (or whatever they called it) was why we needed a new President.

Re: The Egg Bandits Made a Thousand Times the Fine They Just Paid for Price Fixing

#140

Post by pests »

CGMthrowaway wrote: post #91

I did not realize the egg crisis was found to be price fixing operation. As I recall during the whole thing the news was non-stop about how it was related to broad-based inflation, chicken culling for avian flu, etc. Seems like all that was a lie, or at least merely a half-truth.

Back then I had done the math on how long it takes to turn around a commercial chicken coop after a complete full. The timeline from egg to fully producing hen was quicker than I thought, and it seemed they should have been able to keep up the replacement rates.
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