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Cake day: July 15th, 2023

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  • I don’t normally read local newspaper comment sections because only insane people post there but I kept scrolling thinking there’d be more text and saw the comments on that article. The NY Post commenters seem uniquely insane in specific ways.

    I almost think they’re bots. Most local news sites have people saying random crazy shit like, “It ain’t even safe to go to the Circle K no more!” but there’s no theme. NY Post commenters are still obsessed with Hunter Biden. It’s like Rupert Murdoch had some people set up a bot farm for the election and they all forgot to turn it off when Biden dropped out.

    Or maybe Staten Island residents are just like that?



  • Everyday Americans with little power on our own are stepping up. Republicans are refusing to do town halls in their own districts because even their constituents are showing up and yelling at them. Congressional voice mailboxes are routinely full and people are writing letters and emails. Last Saturday, there were 1300+ protests with like 1,000,000 people taking to the streets. And that was just the first one. There’s a lot more people who support the protests but didn’t hear about them ahead of time or couldn’t make it (for whatever reason; work, disabilities, childcare, etc.).

    The problem now isn’t with “Americans” writ large. It’s spineless leadership. And not just “leadership” in the sense of corrupt elected officials and judges. I also mean major university presidents and law firm partners that capitulated rather than fight back. Business leaders not speaking out (anonymous quotes in the Financial Times or Wall Street Journal isn’t speaking out; they’re like $400 a year and most people don’t know how to get around paywalls). Religious leaders — white evangelical Protestant ones, anyway — failing in every possible way. Retired generals (or anyone else who swore an oath to the constitution) should be livid.

    Maybe now that he tanked the global economy and is fucking with rich people’s money, there will be more resistance from so-called “elites” but I’m not holding my breath waiting for them to stop being cowards and protecting their own asses. But regular people are doing what we can.





  • I don’t disagree on the principal or fairness but circuit breakers came about the hard way. Sometimes, markets get so many sell orders due to panic selling that they really can’t clear the trades because there’s not enough buy orders to match up. The first level is only a few minutes to give people time to chill out.

    Investing is like gambling in a lot of ways, obviously, but there is no “house” to buy whatever you “bet.” Some other person or institution or whatever has to put in a buy order or your trade won’t go through at all. I think of them more that way. If you sell at $100 and no one buys it, you have something worth $0. If the exchange gets a few minutes (the first stop breakers are pretty short: 7 minutes, then 20 minutes, then a day), there will be buyers.