BlackRock Plans to Cut About 400 Jobs in Coming Weeks
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Re: BlackRock Plans to Cut About 400 Jobs in Coming Weeks
#2HN never has news "Firm X set to hire 400 people". If the stock market followed HN - then there would always be deflation.
Re: BlackRock Plans to Cut About 400 Jobs in Coming Weeks
#3HN never has news "Firm X set to hire 400 people". If the stock market followed HN - then there would always be deflation.
This article sort of says that (Blackrock is expected to end the year having hired more than the 400 let go).
Re: BlackRock Plans to Cut About 400 Jobs in Coming Weeks
#4As a guy who has recently started to come out of debt and starting to prepare for pension and savings, the more I learn about the financial industry the more it scares me. It seems like a zero sum game and nothing more than sophisticated gambling.
Re: BlackRock Plans to Cut About 400 Jobs in Coming Weeks
#5HN never has news "Firm X set to hire 400 people". If the stock market followed HN - then there would always be deflation.
You're mostly correct but the beauty of talking in absolutes is that I just need to give one counter example. Y Combinator's darling (and still a source of confusion for me because I don't understand how it managed to be so successful against all odds) is Dropbox.
https://news.ycombinator.com/item?id=2813324
So to reiterate, I'm not saying you're wrong. HN and by extension most news reporting and aggregation seems to be negative. People think it is a work of public relations machinery when we hear positive news (and sadly they are also usually correct).
Don't quote me on this but I think in the original Matrix movie they talk about how they created perfect world for people but they kept rejecting it because they could tell it was not the real world or something. I think I'd feel cynical when I hear mostly positive news most of the time. Sorry, I can't help it. Even in this piece about dropbox five years ago… I was still suspicious about whether they'd continue to exist today. I mean they were paying Amazon for all that storage. I knew a lot of my college friends had drop box accounts but I didn't know anyone who paid for it. I still don't know more than three people who have paid for dropbox.
Re: BlackRock Plans to Cut About 400 Jobs in Coming Weeks
#6HN never has news "Firm X set to hire 400 people". If the stock market followed HN - then there would always be deflation.
Mostly because firm don't hire 400 people at once, but they do let go of people en masse.
Re: BlackRock Plans to Cut About 400 Jobs in Coming Weeks
#7As a guy who has recently started to come out of debt and starting to prepare for pension and savings, the more I learn about the financial industry the more it scares me. It seems like a zero sum game and nothing more than sophisticated gambling.
Everything can be said to be "sophisticated gambling." Nothing is certain, and only those who don't understand finance believe that any financial instrument whatsoever is a certainty. And even outside finance: the job you took isn't certain, nor is the car you bought or the marriage you entered into. Finance has its problems but the gambling aspect isn't the root of it.
Re: BlackRock Plans to Cut About 400 Jobs in Coming Weeks
#8As a guy who has recently started to come out of debt and starting to prepare for pension and savings, the more I learn about the financial industry the more it scares me. It seems like a zero sum game and nothing more than sophisticated gambling.
Everything can be said to be "sophisticated gambling." Nothing is certain, and only those who don't understand finance believe that any financial instrument whatsoever is a certainty. And even outside finance: the job you took isn't certain, nor is the car you bought or the marriage you entered into. Finance has its problems but the gambling aspect isn't the root of it.
The difference is whether you are the house or you are getting screwed by the house. My guess, most people are not the house.
Re: BlackRock Plans to Cut About 400 Jobs in Coming Weeks
#9HN never has news "Firm X set to hire 400 people". If the stock market followed HN - then there would always be deflation.
You're mostly correct but the beauty of talking in absolutes is that I just need to give one counter example. Y Combinator's darling (and still a source of confusion for me because I don't understand how it managed to be so successful against all odds) is Dropbox. https://news.ycombinator.com/item?id=2813324 So to reiterate, I'm not saying you're wrong. HN and by extension most news reporting and aggregation seems to…
Modern Software companies do not survive by making the majority of there users pay. They survive by generating revenue from power users.
The simple fact is - the world operates on a network of debt and saving. So 400 jobs lost at blackrocks - means 400 new opening for green jobs in Australia.
Capital really does not live to stay in one place - it always wants to work. If you have 10 million dollars in the bank - you will be burning money just due to inflation.
Re: BlackRock Plans to Cut About 400 Jobs in Coming Weeks
#10HN never has news "Firm X set to hire 400 people". If the stock market followed HN - then there would always be deflation.
You are right, but do other sites feature these messages?
In contrast Hackernews has almost daily 'X is hiring for Y', where X is a YC company.