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Solar / Wind / Geothermal / Efficiency Energy - R_P - Jun 23, 2024 - 8:04pm
 
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NY Times Strands - geoff_morphini - Jun 23, 2024 - 4:06pm
 
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favorite love songs - thisbody - Jun 23, 2024 - 3:35pm
 
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Israel - thisbody - Jun 23, 2024 - 1:38pm
 
Joe Biden - R_P - Jun 23, 2024 - 11:42am
 
Radio Paradise Comments - GeneP59 - Jun 23, 2024 - 10:24am
 
Wordle - daily game - maryte - Jun 23, 2024 - 9:50am
 
BEATLES Make History AGAIN!! - thisbody - Jun 23, 2024 - 9:12am
 
TV shows you watch - R_P - Jun 23, 2024 - 8:57am
 
Today in History - Red_Dragon - Jun 23, 2024 - 8:36am
 
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Congress - R_P - Jun 22, 2024 - 5:53pm
 
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June 2024 Photo Theme - Eyes - fractalv - Jun 22, 2024 - 1:46pm
 
Things I Saw Today... - R_P - Jun 22, 2024 - 1:38pm
 
Trump - kcar - Jun 22, 2024 - 12:41pm
 
Some bands or songs are recurring too much in Rock channe... - mlebihan29 - Jun 22, 2024 - 9:26am
 
Fox Spews - R_P - Jun 22, 2024 - 9:19am
 
Sonos - thatslongformud - Jun 22, 2024 - 6:18am
 
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• • • The Once-a-Day • • •  - thisbody - Jun 21, 2024 - 4:26pm
 
Too much classic rock lately? - thisbody - Jun 21, 2024 - 4:01pm
 
Girls Just Want to Have Fun - oldviolin - Jun 21, 2024 - 2:22pm
 
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2024 Elections! - R_P - Jun 21, 2024 - 12:20pm
 
Electronic Music - Manbird - Jun 21, 2024 - 12:14pm
 
LeftWingNutZ - Steely_D - Jun 21, 2024 - 8:07am
 
The Obituary Page - ColdMiser - Jun 21, 2024 - 7:56am
 
RightWingNutZ - Red_Dragon - Jun 20, 2024 - 6:39pm
 
Basketball - GeneP59 - Jun 20, 2024 - 4:53pm
 
Gotta Get Your Drink On - Antigone - Jun 20, 2024 - 4:04pm
 
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Lyrics That Remind You of Someone - oldviolin - Jun 20, 2024 - 11:10am
 
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Outstanding Covers - pope183 - Jun 19, 2024 - 2:50pm
 
Climate Change - R_P - Jun 19, 2024 - 12:34pm
 
SCOTUS - ColdMiser - Jun 19, 2024 - 7:15am
 
20+ year listeners? - islander - Jun 18, 2024 - 7:41pm
 
Baseball, anyone? - rgio - Jun 18, 2024 - 5:02pm
 
Other Medical Stuff - miamizsun - Jun 18, 2024 - 2:35pm
 
Hello from Greece! - miamizsun - Jun 18, 2024 - 2:35pm
 
Europe - R_P - Jun 18, 2024 - 9:33am
 
What Are You Going To Do Today? - KurtfromLaQuinta - Jun 16, 2024 - 8:57pm
 
What Did You See Today? - Manbird - Jun 16, 2024 - 2:39pm
 
Geomorphology - kurtster - Jun 16, 2024 - 1:29pm
 
Artificial Intelligence - thisbody - Jun 16, 2024 - 10:53am
 
The Chomsky / Zinn Reader - thisbody - Jun 16, 2024 - 10:42am
 
Football, soccer, futbol, calcio... - thisbody - Jun 16, 2024 - 8:35am
 
No stream after station ID - arlen.nelson969 - Jun 15, 2024 - 2:29pm
 
Business as Usual - kurtster - Jun 15, 2024 - 9:53am
 
What Makes You Laugh? - Antigone - Jun 14, 2024 - 7:04pm
 
Lyrics that strike a chord today... - oldviolin - Jun 14, 2024 - 3:15pm
 
China - R_P - Jun 14, 2024 - 2:59pm
 
what the hell, miamizsun? - oldviolin - Jun 14, 2024 - 2:08pm
 
Religion - Steely_D - Jun 14, 2024 - 1:28pm
 
Vinyl Only Spin List - kurtster - Jun 14, 2024 - 8:56am
 
Florida - R_P - Jun 13, 2024 - 3:35pm
 
Index » Internet/Computer » The Web » Economix Page: 1, 2, 3 ... 209, 210, 211  Next
Post to this Topic
Bill_J

Bill_J Avatar



Posted: Jun 8, 2024 - 5:25pm

 kurtster wrote:

Shrinkflation has finally gone too far.

Of all things, Q-Tips brand cotton swabs has greatly reduced the amount of cotton on the tips making them more of a dangerous pointy object than useful.

Another venerable trusted old brand, trashed.  Shoulda just left it it alone and raised the price. 



Maybe it's just that your ears are getting bigger. 
kurtster

kurtster Avatar

Location: where fear is not a virtue
Gender: Male


Posted: Jun 8, 2024 - 4:53pm

Shrinkflation has finally gone too far.

Of all things, Q-Tips brand cotton swabs has greatly reduced the amount of cotton on the tips making them more of a dangerous pointy object than useful.

Another venerable trusted old brand, trashed.  Shoulda just left it it alone and raised the price. 
R_P

R_P Avatar

Gender: Male


Posted: Jun 8, 2024 - 11:00am

 rgio wrote:
I assume we're talking about capitalism.  There is a definition beyond "the private ownership of the means of production and their profits"? 

Not really, but there is the tendency to call mixed systems capitalism as well.


Then the context (and article) is about (hallowed) pathological self-interest.
rgio

rgio Avatar

Location: West Jersey
Gender: Male


Posted: Jun 8, 2024 - 9:22am

 miamizsun wrote:
a lot depends on how someone defines it as well


I assume we're talking about capitalism.  There is a definition beyond "the private ownership of the means of production and their profits"?  




Lazy8

Lazy8 Avatar

Location: The Gallatin Valley of Montana
Gender: Male


Posted: Jun 8, 2024 - 8:55am

 R_P wrote:
Noted anti-capitalist agitator Adam Smith had it right: "People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices."

(1/85)

Pity you stopped reading there. But, you know...context is hard.

He goes on to say:

"It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to their own interest. We address ourselves, not to their humanity but to their self-love, and never talk to them of our own necessities but of their advantages. Nobody but a beggar chuses to depend chiefly upon the benevolence of his fellow-citizens."
miamizsun

miamizsun Avatar

Location: (3283.1 Miles SE of RP)
Gender: Male


Posted: Jun 8, 2024 - 8:16am

 black321 wrote:


It's the worst economic system there is...except for all the others humans have conjured



a lot depends on how someone defines it as well
black321

black321 Avatar

Location: An earth without maps
Gender: Male


Posted: Jun 6, 2024 - 11:31am

 thisbody wrote:



It's the worst economic system there is...except for all the others humans have conjured

thisbody

thisbody Avatar

Location: North (doubtful)
Gender: Male


Posted: Jun 6, 2024 - 10:59am


R_P

R_P Avatar

Gender: Male


Posted: Jun 5, 2024 - 5:48pm

Noted anti-capitalist agitator Adam Smith had it right: "People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices."

(1/85)

Steely_D

Steely_D Avatar

Location: Biscayne Bay
Gender: Male


Posted: Jun 5, 2024 - 12:29am

 black321 wrote:
.As for insurance inflation, how much cheaper would it be if geico, state farm etc...weren't running tv ads every 15 minutes? 

I’ve had USAA for decades (Dad was Chair Force) and a few years ago when they started running commercials I began to think it was time to switch. The product is so prevalent with the military, why would they need to advertise so globally to somehow capture the folks who are qualified to join - but haven’t heard of it? That’s gotta be a very small number. So it seems like a horrible business decision that can do nothing but cause a rate rise.

rgio

rgio Avatar

Location: West Jersey
Gender: Male


Posted: Jun 4, 2024 - 1:15pm

 Isabeau wrote:
No climate change here man...  s/

We all hear facts and stats and data in support of things getting really hot really fast... but the fact that water temps in Florida reached 100 degrees last summer still makes me shake my head.  It's not "shoreline" water (a bay)...but still.

I've been in hot tubs at 103... 105... and had to get out.  100-degree ocean/bay/sea/lake water?  
Isabeau

Isabeau Avatar

Location: sou' tex
Gender: Female


Posted: Jun 4, 2024 - 12:19pm

 rgio wrote:


This gets incredibly complicated... because storm counts, deaths, damage costs, etc. (the quantitative measures) can't embed the severity.   There are only "so many days" in a weather pattern per season, so while the number of hurricanes in Florida might not rise, the severity of them can significantly change financial impact/exposure.  

On top of all of that... insurance company employees enjoy unreasonably high compensation levels.  As I've heard Scott Galloway say a few times ... "if you meet someone average who seems to make a lot of money, they likely work in insurance" 

'just'
Heat related Deaths last Summer:
874   AZ
450   TX
226   NV
  84    FL
  83    LA

Many believe these numbers are lower than the reality.

No climate change here man...  s/
rgio

rgio Avatar

Location: West Jersey
Gender: Male


Posted: Jun 4, 2024 - 10:51am

 black321 wrote:


you're talking about diversification...putting everyone in the pool to share the risk. this lowers cost by reducing variability...and one of the reasons why we need some type of universal health care. 
the cost of the risk is calculated using the probability of the event and the cost of the event. 
we know the cost of the even has increased, at least your 20% #, but I havent seen real data that shows how the probability of the event has changed. 
and i was being facetious (kind of) about the advertising. 



This gets incredibly complicated... because storm counts, deaths, damage costs, etc. (the quantitative measures) can't embed the severity.   There are only "so many days" in a weather pattern per season, so while the number of hurricanes in Florida might not rise, the severity of them can significantly change financial impact/exposure.  

On top of all of that... insurance company employees enjoy unreasonably high compensation levels.  As I've heard Scott Galloway say a few times ... "if you meet someone average who seems to make a lot of money, they likely work in insurance" 
black321

black321 Avatar

Location: An earth without maps
Gender: Male


Posted: Jun 4, 2024 - 10:08am

 rgio wrote:

Insurance, for some asset classes, is very competitive.  It is... because there is so much money made.  How do you think Warren got soooooo rich?

The deflection to inflation is short-sighted and wrong.  Sure the cost of shingles and labor are a big part of the pricing, but when you need twice as many roofs repaired every month, the supply and demand for materials and people to use them will remain high. 

Insurance is based on 100% of the people supporting the financial needs of 1%.  If the need doubles to 2%... without any inflation ... it costs twice as much.  That's MUCH more expensive than a 20% increase in the price of lumber.




you're talking about diversification...putting everyone in the pool to share the risk. this lowers cost by reducing variability...and one of the reasons why we need some type of universal health care. 
the cost of the risk is calculated using the probability of the event and the cost of the event. 
we know the cost of the even has increased, at least your 20% #, but I havent seen real data that shows how the probability of the event has changed. 
and i was being facetious (kind of) about the advertising. 

rgio

rgio Avatar

Location: West Jersey
Gender: Male


Posted: Jun 4, 2024 - 10:03am

 black321 wrote:
As for insurance inflation, how much cheaper would it be if geico, state farm etc...weren't running tv ads every 15 minutes? 

Insurance, for some asset classes, is very competitive.  It is... because there is so much money made.  How do you think Warren got soooooo rich?

The deflection to inflation is short-sighted and wrong.  Sure the cost of shingles and labor are a big part of the pricing, but when you need twice as many roofs repaired every month, the supply and demand for materials and people to use them will remain high. 

Insurance is based on 100% of the people supporting the financial needs of 1%.  If the need doubles to 2%... without any inflation ... it costs twice as much.  That's MUCH more expensive than a 20% increase in the price of lumber.


black321

black321 Avatar

Location: An earth without maps
Gender: Male


Posted: Jun 4, 2024 - 9:19am

 kurtster wrote:

It is not climate change that is driving up the cost of home owners insurance. Primarily it is from the rapidly rising cost of building materials and labor as well as replacement costs for personal items.

The rise in cost of building materials is primarily driven by inflation and supply or lack thereof.  Construction labor is in extremely short supply driving those costs ever higher.

Anyone bought any drywall or plywood lately ?  If so, you know of what I speak.



Well yes, as RP commented, its a contributor.
Material costs have actually somewhat normalized, but labor rates are through the roof. The small business cos are really driving ridiculous inflation for home improvement.
For a 12x 14' deck, i received quotes from $18-$25,000. I calculated material costs from Home Depot at up to $4,000.  
To fix some concrete shingle tiles and add a few feet of flashing around gutters, no material costs, quotes up to $7,000. At most this was a 20 hour job for one person. 

As for insurance inflation, how much cheaper would it be if geico, state farm etc...weren't running tv ads every 15 minutes? 
R_P

R_P Avatar

Gender: Male


Posted: Jun 3, 2024 - 5:19pm

 kurtster wrote:

It is not climate change that is driving up the cost of home owners insurance. Primarily it is from the rapidly rising cost of building materials and labor as well as replacement costs for personal items.

The rise in cost of building materials is primarily driven by inflation and supply or lack thereof.  Construction labor is in extremely short supply driving those costs ever higher.

Anyone bought any drywall or plywood lately ?  If so, you know of what I speak.


A false dilemma (with the usual side dish of denial). It's not one or the other, it's both, and more. Location (such as Florida) is a factor.
Insurance rates have been climbing for a number of reasons: Storms have become more frequent and severe, inflation and labor shortages have driven up the cost of repairs and home values have increased, requiring larger policies. The biggest jumps occurred in Texas, Arizona and Utah, which were among 25 states in total that posted double-digit surges last year. In some places, including Florida, rates are up more than 40 percent over the past five years.

kurtster

kurtster Avatar

Location: where fear is not a virtue
Gender: Male


Posted: Jun 3, 2024 - 5:10pm

It is not climate change that is driving up the cost of home owners insurance. Primarily it is from the rapidly rising cost of building materials and labor as well as replacement costs for personal items.

The rise in cost of building materials is primarily driven by inflation and supply or lack thereof.  Construction labor is in extremely short supply driving those costs ever higher.

Anyone bought any drywall or plywood lately ?  If so, you know of what I speak.
R_P

R_P Avatar

Gender: Male


Posted: Jun 3, 2024 - 4:31pm

The Age of Recoupment
How power, technology, and opportunity have come together to gouge consumers
ColdMiser

ColdMiser Avatar

Location: On the Trail
Gender: Male


Posted: May 30, 2024 - 7:52am

 black321 wrote:

if you don’t believe in climate changec just talk to an insurance agent or claim adjuster. 


So turning to the politics of climate change. It's well known that Republicans either flat out deny it or don't feel they need to do anything about it. Democrats on the other hand acknowledge the problem and for the most part want to pursue the fight to combat it. It's not a secret that insurance companies are running for the hills as evidence in the post below. So why aren't Democrats up on a stump pinning the insurance issue on Republicans? Hey local Joe, your insurance company just dropped you because there was a flood 10 miles from your home. Well you can blame your fellow Republican representative who is wasting your time and money fighting against gay people instead of taking the lead on climate change and the resulting problems it's causing that hits you, Joe, right in the wallet. Where are the ads? The social media memes etc. 

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