America's dependence on unspoken rules and the assumption that people would abide by those rules is the weakest link in American democracy. It was just a matter of time until someone decided to exploit that...
But historically if an incumbent decides to run for another Term. No party ever Has primaried them.
And this lack of pragmatism and adherence to "tradition" when the republicans openly don't stick by those rules will cause the Dems to contribute to the coming of fascist amerika
MGS3 is such a masterpiece
Just writing to say that I admire your tenacity
PowerShell is an objectively ugly language to read
this is true. but regulators still hold CROs accountable for that .
Tough situation for banks and people working inside them. For those clamoring that it is 2008 all over again, it is, because the way markets and companies work has not changed (and a bank is just another type of company).
Suppose you are a chief risk officer of one of those banks before Covid hit. You have been hired by the CEO so you need to play with the CEO to advance his/her agenda. Other banks are lending more and more to commercial real estate developers as there is demand and they are paying their loans on time. Your own bank's board of directors and CEO are putting pressure to join the market and lend more to those property developers otherwise you own bank's profit will look lower than the competition. You know that, by doing so, the concentration of loans in that sector will become quite high but, if you keep resisting, the CEO and/or the board will find someone more amenable who doesn't seem to panic when every other bank is making money. Then you cave in. You decide to approve more business going to those loans although you caveat that this might exceed risk appetite and gets the board and CEO to formally approve it as well.
Now the bank is proudly going with the flow and investors are not complaining anymore.
It ends up being bubbly but it is just the side effect of lots of new people going to the same place. I also chuckled at the bit about lower income tax not helping as property taxes can result in larger tax burden
using systemd instead of rm -Rf is not the Unix way!
Very on point
Hahahaha... China is also behind fracking and all stuff that happens to aquifers. Losers..
Hahahaha... China is also behind fracking and all stuff that happens to aquifers. Losers..
I am amazed that Polish almost avoided all of this (they still have a and e with the little commas) but ended up with blinding consonant clusters
Has always been, even without the graphics. The adversarial system makes it a competition with a scoreboard
Just removing lead from gas made such a difference
Actually banks take collateral that is normally not what the private equity firms target and that actually seems to work, but the consequence is that hard assets of the firm (offices, buildings, hardware, cash, etc) are essentially given up
Typical Private Equity deal... The buyers take a massive loan in the name of the company they are buying then they use the sudden massive interest payments to explain the declining profits and the need to downsize. Then they find a way to squirrel out of the loans claiming the company sucked and let banks take remaining assets (or losses) and maybe resell the intellectual property to someone else right before that.