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-   -   The Wow I Can't Believe That News Story Thread (https://www.musicbanter.com/current-events-philosophy-religion/30710-wow-i-cant-believe-news-story-thread.html)

The Batlord 10-14-2017 02:58 PM

Yes, but a lot of conservatives I've heard have put it in terms of race. That's what I'm saying.

OccultHawk 10-14-2017 02:59 PM

Quote:

Originally Posted by The Batlord (Post 1883184)
I'm not saying it was about the negroes. I'm saying that's what a lot of conservatives think it's about.

You're right. Fannie May and Freddie Mac were established by congress. In a roundabout way there's some truth in that position. Predatory lenders love black people.

Trollheart 10-14-2017 03:10 PM

Quote:

Originally Posted by The Batlord (Post 1883184)
I'm not saying it was about the negroes. I'm saying that's what a lot of conservatives think it's about.

No, the conservatives think God did it.
Quote:

Originally Posted by OccultHawk (Post 1883185)
Housing bubble in one sentence, bitches.

Really? I got it right? Well I guess I did watch Too Big To Fail and a few other films.

OccultHawk 10-14-2017 03:22 PM

Quote:

Originally Posted by elphenor (Post 1883199)
don't worry the bankers all got bonuses for crashing the economy because capitalism rewards the smartest among us

It's mindbending to try to understand all the economic ends and outs but it was like the same guys who caused the crash bet on the crash and then used retirement funds to pay themselves the winnings. Sort of like if two guys bet on the date of someone's death then murdered him that day then robbed the dead guy's mom to pay the bet and then split what was left over.

The Batlord 10-14-2017 03:34 PM

How the **** is even anybody supposed to understand all this ****? Clearly no one who had any hand in the crash did.

OccultHawk 10-14-2017 03:45 PM

Quote:

Originally Posted by The Batlord (Post 1883220)
How the **** is even anybody supposed to understand all this ****? Clearly no one who had any hand in the crash did.

I think the people who caused it modeled it after the bubble in Japan but tweaked it to milk it for even more.

Trollheart 10-14-2017 05:35 PM

Quote:

Originally Posted by The Batlord (Post 1883220)
How the **** is even anybody supposed to understand all this ****? Clearly no one who had any hand in the crash did.

You need to watch that movie. ****ing eye-opening. And stomach-turning.

Cuthbert 10-14-2017 05:37 PM

Hertha Berlin players 'take a knee' before match against Schalke - BBC Sport

:confused:

Trollheart 10-14-2017 05:39 PM

Quote:

Originally Posted by Man like Monkey (Post 1883262)

Didn't help them win did it?
Cue Trump with a comment about Hitler soon...

Cuthbert 10-14-2017 05:47 PM

Quote:

Originally Posted by Trollheart (Post 1883263)
Didn't help them win did it?
Cue Trump with a comment about Hitler soon...

Dunno who they think they are tbh? Donald Trump has never heard of Hertha Berlin. It's just for show. Why would a no mark team in a different sport in a different country think it's a good idea to jump on that bandwagon? :D

Trollheart 10-14-2017 05:50 PM

Quote:

Originally Posted by Man like Monkey (Post 1883267)
Dunno who they think they are tbh? Donald Trump has never heard of Hertha Berlin. It's just for show. Why would a no mark team in a different sport in a different country think it's a good idea to jump on that bandwagon? :D

Cos they get publicity?

Cuthbert 10-14-2017 06:03 PM

Quote:

Originally Posted by Trollheart (Post 1883269)
Cos they get publicity?

Yeah but it's still very odd. I doubt there are clubs in the conference now thinking about it just to get attention.

OccultHawk 10-14-2017 07:01 PM

Cool move by the Adolfs!

Chula Vista 10-14-2017 07:54 PM

Quote:

Originally Posted by Trollheart (Post 1883258)
You need to watch that movie. ****ing eye-opening. And stomach-turning.

Selling off all of their assests before the rest of the market discovers they are worseless.



Quote:

You don't need to understand a lot about the markets to follow the film. John is a cool, polished Brit who likes to say things like, "Speak to me in plain terms," because his job requires him to manage the corporation but not necessarily understand its business. Indeed, as we now know, a fresh young college graduate could have looked at the balance sheets and clearly seen Wall Street was doomed.

It is up to John to make the margin call. In other words, to order his company to start dumping worthless holdings before the word spreads that they are worthless — essentially, betraying their customers. It has now been established that some firms created hedge funds intended to fail, so they could make money betting against them. These they sold to their customers knowing they were worthless.

I think the movie is about how its characters are concerned only by the welfare of their corporations. There is no larger sense of the public good. Corporations are amoral, and exist to survive and succeed, at whatever human cost. This is what the Occupy Wall Street protesters are angry about: They are not against capitalism, but about Wall Street dishonesty and greed.

"Margin Call" employs an excellent cast who can make financial talk into compelling dialogue. They also can reflect the enormity of what is happening: Their company and their lives are being rendered meaningless. This scenario was enacted at many Wall Street institutions in the autumn of 2008, and yet fundamental financial reform is still being opposed. No particular firm is named, but doesn't it seem to you that the name of the Jeremy Irons character, "John Tuld," has an echo of Richard Fuld, CEO of Lehman Brothers, who collected enormous bonuses for leading his company into bankruptcy? - Roger Ebert
Quote:

In 2006, Richard Fuld was named No. 1 CEO in the Brokers & Asset Managers category, by Institutional Investor magazine. In 2007 he received a $22 million bonus.

Fuld at one time served on the board of directors of the Federal Reserve Bank of New York, a position he ceased holding shortly before the bankruptcy of Lehman Brothers. He is a member of the International Business Council of the World Economic Forum and the Business Council. He also serves on the Board of Trustees of New York-Presbyterian Hospital. He was also on the board of directors of the Robin Hood Foundation but was removed from the Board following the Lehman Brothers bankruptcy.

In October 2008, CNN named Fuld as one of the "Ten Most Wanted: Culprits of the Collapse" of the 2008 financial collapse in the United States; he was placed at number 9 on the list.

In December 2008, Fuld was given the "Lex Overpaid CEO" award of the Financial Times for having received $34 million in 2007 and $40.5 million in 2006, the last two years before his bank's failure.

In April 2009, Condé Nast Portfolio ranked Fuld as the worst American CEO of all time.
http://infocult.typepad.com/.a/6a00d...7a92970c-800wi

Stephen 10-15-2017 01:49 AM

Larry Flynt offers up to $10 million for dirt on Donald Trump

Trollheart 10-15-2017 05:07 AM

I was actually talking about this movie, which really explains everything quite well.

OccultHawk 10-15-2017 06:31 AM

Death toll from blast in Somalia's capital rises to 189

Psy-Fi 10-15-2017 07:54 AM

Quote:

Originally Posted by Stephen (Post 1883338)

Totally believable.

It'll only be unbelievable to me if Larry actually ends up having to pay someone the $10 million.

OccultHawk 10-15-2017 08:29 AM

Around 90% of Puerto Rico is still without power. People are drinking bad water and not receiving medication.

I'm not sure where California's wild fires rank historically but those are some big ****ing fires.

The Batlord 10-15-2017 08:34 AM

https://www.nasa.gov/images/content/...a_fires_HI.jpg

OccultHawk 10-15-2017 09:06 AM

Following your image URL

https://www.nasa.gov/feature/goddard...lifornia-fires

Quote:

The Moderate Resolution Imaging Spectroradiometer or MODIS instrument aboard Terra passed over California on Oct. 12 and captured a visible light image of the smoke plume. The MODIS image showed the stream of smoke extending from Santa Rosa, California, located north of San Francisco, out into the Eastern Pacific, parallel to San Diego. A stream that stretched over 550 miles.
Damn!

Frownland 10-15-2017 09:06 AM

The Tubb's fire (the one that hit Santa Rosa) is the deadliest fire in California history. Idk when it comes to size but I think the largest ever was in 2012.

Trollheart 10-15-2017 10:17 AM

What is this due to? Is the weather so hot and dry there, even now in the depths of winter? Or is there some human agency at work?

The Batlord 10-15-2017 10:28 AM

Quote:

Originally Posted by Trollheart (Post 1883391)
What is this due to? Is the weather so hot and dry there, even now in the depths of winter? Or is there some human agency at work?

https://media.tenor.com/images/36d5a...a308/tenor.gif

Janszoon 10-15-2017 10:30 AM

Quote:

Originally Posted by Trollheart (Post 1883391)
What is this due to? Is the weather so hot and dry there, even now in the depths of winter? Or is there some human agency at work?

The depths of winter? It's only October. I don't know the details of these particular fires, but California is a pretty dry state in general so it's prone to forest fires. Sometimes they're caused by human activity, sometimes they're caused by natural events.

Trollheart 10-15-2017 10:30 AM

Quote:

Originally Posted by The Batlord (Post 1883399)

What don't you understand? It's October. It's winter. It's cold. Is it not so in Californ-eye-ay?

Trollheart 10-15-2017 10:33 AM

Quote:

Originally Posted by Janszoon (Post 1883404)
The depths of winter? It's only October. I don't know the details of these particular fires, but California is a pretty dry state in general so it's prone to forest fires. Sometimes they're caused by human activity, sometimes they're caused by natural events.

I guess you have to live in Ireland, to see the rain pissing down and how cold and miserable it is, to feel like you're in winter already. DST at the end of this month will plunge us into darkest night by 6:30 pm. Sure feels like winter to me!

The Batlord 10-15-2017 10:36 AM

Quote:

Originally Posted by Trollheart (Post 1883405)
What don't you understand? It's October. It's winter. It's cold. Is it not so in Californ-eye-ay?

It is fall. It is fall all around the northern hemisphere. It will not be winter until December 21.

Frownland 10-15-2017 10:36 AM

Quote:

Originally Posted by Trollheart (Post 1883391)
What is this due to? Is the weather so hot and dry there, even now in the depths of winter? Or is there some human agency at work?

We had a lot of rains at the end of last year and the beginning of this year which caused an increase in vegetation. Drought conditions made that all dry out and die. Then we had the fast and dry Santa Ana winds come through and it was a recipe for disaster. I had a friend in Eureka whose wife couldn't leave the house because the winds literally knocked her down when the Santa Anas started a couple of weeks ago.

It's too early to tell if it's arson. My money is on natural causes/accidents.

Also California winters are pretty tame.

OccultHawk 10-15-2017 10:40 AM

Quote:

Originally Posted by Trollheart (Post 1883391)
What is this due to? Is the weather so hot and dry there, even now in the depths of winter? Or is there some human agency at work?

Global warming and encroaching human population. Pre-endless-urban-sprawl periodic lightning strikes would burn portions of the forests enriching the soil with nutrients like nitrogen. Now people try to contain wild fires while maintaining the ecosystem with controlled burns. But it's not nice to try to fool Mother Nature.

Janszoon 10-15-2017 10:44 AM

Quote:

Originally Posted by Trollheart (Post 1883407)
I guess you have to live in Ireland, to see the rain pissing down and how cold and miserable it is, to feel like you're in winter already. DST at the end of this month will plunge us into darkest night by 6:30 pm. Sure feels like winter to me!

"Rain" is not a word I associate with winter. Where I grew up, winter meant ice and snow or occasionally being so frigid that it would no longer snow.

According to the internet it's 59F (15C) in Dublin right now. That sounds prefect to me actually.

OccultHawk 10-15-2017 10:49 AM

Quote:

Also California winters are pretty tame

I know it's your territory and tame is a relative word and this is anecdotal but one time I was driving from Portland to Palo Alto and bumped into some ****ing crazy snow in N. Cal. The cops wouldn't let you pass without chains on your tires. They had people selling chains on the spot. I didn't have a clue how to put snow chains on my tires but I finally worked it out.

OccultHawk 10-15-2017 10:50 AM

Quote:

Originally Posted by Janszoon (Post 1883415)
"Rain" is not a word I associate with winter. Where I grew up, winter meant ice and snow or occasionally being so frigid that it would no longer snow.

According to the internet it's 59F (15C) in Dublin right now. That sounds prefect to me actually.

Delicious. It's been hot for so long here the whole state is on suicide watch.

Janszoon 10-15-2017 10:51 AM

Quote:

Originally Posted by OccultHawk (Post 1883417)
I know it's your territory and tame is a relative word and this is anecdotal but one time I was driving from Portland to Palo Alto and bumped into some ****ing crazy snow in N. Cal. The cops wouldn't let you pass without chains on your tires. They had people selling chains on the spot. I didn't have a clue how to put snow chains on my tires but I finally worked it out.

A few times when I was living in San Jose I had put on a light jacket when I went out in the evening. It was crazy.

Frownland 10-15-2017 10:52 AM

Quote:

Originally Posted by OccultHawk (Post 1883417)
I know it's your territory and tame is a relative word and this is anecdotal but one time I was driving from Portland to Palo Alto and bumped into some ****ing crazy snow in N. Cal. The cops wouldn't let you pass without chains on your tires. They had people selling chains on the spot. I didn't have a clue how to put snow chains on my tires but I finally worked it out.

Ja mountainous Norcal gets some winters. So do the Sierra Nevadas. The other ~80% of California just gets a bit chiller than normal.

Trollheart 10-15-2017 10:53 AM

Quote:

Originally Posted by The Batlord (Post 1883410)
It is fall. It is fall all around the northern hemisphere. It will not be winter until December 21.

That would be autumn then, over here. ****ing feels like winter, and will feel more so when yer wan arrives tomorrow! Not looking forward to that!
Quote:

Originally Posted by Frownland (Post 1883411)
We had a lot of rains at the end of last year and the beginning of this year which caused an increase in vegetation. Drought conditions made that all dry out and die. Then we had the fast and dry Santa Ana winds come through and it was a recipe for disaster. I had a friend in Eureka whose wife couldn't leave the house because the winds literally knocked her down when the Santa Anas started a couple of weeks ago.

It's too early to tell if it's arson. My money is on natural causes/accidents.

Also California winters are pretty tame.

I see. Thanks for the explanation. Wow.
Quote:

Originally Posted by OccultHawk (Post 1883414)
Global warming and encroaching human population. Pre-endless-urban-sprawl periodic lightning strikes would burn portions of the forests enriching the soil with nutrients like nitrogen. Now people try to contain wild fires while maintaining the ecosystem with controlled burns. But it's not nice to try to fool Mother Nature.

Indeed. A lot of factors then.
Quote:

Originally Posted by Janszoon (Post 1883415)
"Rain" is not a word I associate with winter. Where I grew up, winter meant ice and snow or occasionally being so frigid that it would no longer snow.

According to the internet it's 59F (15C) in Dublin right now. That sounds prefect to me actually.

Ah, what does the internet know? Let the internet come and try to live in Dublin, see how smart it is then! Yeah, it's actually not cold but the rain makes it seem so, and tomorrow we're all gonna be ****ed anyway.
:shycouch:

OccultHawk 10-15-2017 10:56 AM

I know Philly is cold.

Never been there but the wet winds funneling down between the buildings on a street in NYC will rip right through you.

Janszoon 10-15-2017 10:59 AM

Quote:

Originally Posted by Trollheart (Post 1883421)
Ah, what does the internet know? Let the internet come and try to live in Dublin, see how smart it is then! Yeah, it's actually not cold but the rain makes it seem so, and tomorrow we're all gonna be ****ed anyway.
:shycouch:

I would love to come and try to live in Dublin, honestly. I'm convinced that Ireland or the Pacific Northwest over here is pretty much my ideal climate. I love cool weather with overcast skies and rain.

Janszoon 10-15-2017 11:01 AM

Quote:

Originally Posted by OccultHawk (Post 1883423)
I know Philly is cold.

Never been there but the wet winds funneling down between the buildings on a street in NYC will rip right through you.

Philly can get pretty cold, but it also can get pretty hot. This summer was miserably hot and seemed like it wouldn't end.

Frownland 10-15-2017 11:03 AM

Quote:

Originally Posted by Janszoon (Post 1883424)
I would love to come and try to live in Dublin, honestly. I'm convinced that Ireland or the Pacific Northwest over here is pretty much my ideal climate. I love cool weather with overcast skies and rain.

Word.

People around here seem to love hot weather for some weird reason.


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