421–430 of 595 posts
Earlier quoted context omitted.
Based on what we've heard from Google yesterday, and FB's Q1 results just now, it looks like the much heralded ad crunch is turning into not much more than a speed bump.
But we need to wait for Q2 results to know the full impact, right?
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His unwillingness to not solve the state's pension problems should be applauded. the amount of unfunded liabilities is in the hundreds of billions of dollars and approaching a trillion if it has not passed that already. This all happened because the number of public servants who are pulling in over 100k has skyrocketed... 100k+ in retirement.. with millions past 50k! Think about that 50k in pay plus medical. These pe…
I ran across that Forbes article yesterday as well... amazing data: "71,000 public employees at every level of Illinois government received six-figure paychecks. Additionally, 23,000 retirees pulled down more than $100,000 in annual pensions."
Earlier quoted context omitted.
There was an interesting piece in this week's Atlantic on the motivation for having states declare bankruptcy: "Under the Constitution, bankruptcy is a power entirely reserved to the federal government. An American bankruptcy is overseen in federal court, by a federal judge, according to federal law. That’s why federal law can allow U.S. cities to go bankrupt, as many have done over the years. That’s why the financia…
His unwillingness to not solve the state's pension problems should be applauded. the amount of unfunded liabilities is in the hundreds of billions of dollars and approaching a trillion if it has not passed that already. This all happened because the number of public servants who are pulling in over 100k has skyrocketed... 100k+ in retirement.. with millions past 50k! Think about that 50k in pay plus medical. These pe…
Now it comes time for due, we don't want to fund these anymore.
The entitlement in HN is just too much.
There was a person in the Uber thread yesterday who predicted this. I wonder if they’ll go back to hiring if this is over or they’re using as an opportunity to get rid of people they shouldn’t have hired in the first place.
My guess is both, they’re doing some cleanup and will go back to hiring.
Uber/airbnb/lyft were considered in the same tier as facebook/google before corona. With google also slowing hiring, are the engineers laid off all going to be absorbed by facebook?
This will play our more like the dotcom burst than the 2008 crisis. For most younger people here this may come as a shock but tech jobs can disappear, for years. The job market in 2019 felt a lot like the job market in 1999, people rushing to get upskilled so that they could get into software and make ridiculous money. After the dotcom burst huge number of people left tech, or at least left the world of software deve…
I'm guessing I, as a lowly, humble, SWE from an investment bank, would be easily looked over in favor of those aforementioned veterans/alumni of highly regarded Silicon Valley companies. Unless if I make a lateral jump to another bank or hedge fund, which I have no desire to do so.
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Many pensions are not the "have $27k/yr starting at age 67" kind, but the "have $100k/yr + benefits starting at age 55" kind. Its the latter that people find upsetting - nothing close to poverty level.
Sure, but people took those jobs in large part because of those pensions. It is part of the entire compensation package. They often times took less money up front in return for better pensions. The problem is that this was not properly budgeted for when funding the pensions.
That is no longer the case when compared with comparable private sector jobs since at least the early 2000s in many parts of the country.
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There was an interesting piece in this week's Atlantic on the motivation for having states declare bankruptcy: "Under the Constitution, bankruptcy is a power entirely reserved to the federal government. An American bankruptcy is overseen in federal court, by a federal judge, according to federal law. That’s why federal law can allow U.S. cities to go bankrupt, as many have done over the years. That’s why the financia…
I don't understand how someone can love their political party as much as Mitch McConnell does. It's party before all else. I don't get it. At all.
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It's a strategy/ideology he's been rewarded for following?
But this isn't a game. It has real consequences.
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His unwillingness to not solve the state's pension problems should be applauded. the amount of unfunded liabilities is in the hundreds of billions of dollars and approaching a trillion if it has not passed that already. This all happened because the number of public servants who are pulling in over 100k has skyrocketed... 100k+ in retirement.. with millions past 50k! Think about that 50k in pay plus medical. These pe…
This is just crazy to me, this public servants takes unprecedented risks and take lower pays so they can take stable retirement. Now it comes time for due, we don't want to fund these anymore. The entitlement in HN is just too much.
Earlier quoted context omitted.
There was an interesting piece in this week's Atlantic on the motivation for having states declare bankruptcy: "Under the Constitution, bankruptcy is a power entirely reserved to the federal government. An American bankruptcy is overseen in federal court, by a federal judge, according to federal law. That’s why federal law can allow U.S. cities to go bankrupt, as many have done over the years. That’s why the financia…
This is a pretty grim path to follow. If States are to go bankrupt and subject to federal imposition of what debts must be paid, then it may push States to seek further sovereignity. An example being pressure to mint their currency. This is currently banned in the constitution, but if things get dire... they could simply ignore?