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TrashDay
$20/month to take up to three STINKING, FILTHY, cans of TRASHY GARBAGE out every week.
San  Francisco  startup  bubble  trash  garbage 
5 days ago by dandv
What are some things people in Silicon Valley may be shocked to learn about the outside world? - Quora
Most of Silicon Valley is focused on building products for the top 1% of the world's population. Most of the world needs solutions to problems we rarely talk about, in areas like health care, agricultural production, sustainable construction, citizen activism and empowerment, childhood education, affordable transportation, supply chain optimization, community solidarity and efficacy, etc.

Houses that cost over $1 million are rare, even in other wealthy countries. Most people's friends are not millionaires. Most people don't know people who have retired at age 35.

People can and do separate their lives from their work.

Intelligence and "nerdiness" are not always highly regarded.

The average American adult spends 34 hours/week watching TV and just 5 hours/week on the Internet (2012 numbers).
life  Silicon  Valley  reality  check  thought  bubble 
5 days ago by dandv
Scotland's social care services 'unsustainable' - BBC News
The current system of social care in Scotland is "unsustainable", according to a financial watchdog.
The Accounts Commission said an additional £667m would be needed by 2020 to maintain current levels of service, and called for a "frank and wide-ranging" debate on the issue.
adult  social  care  elderly  NHS  Scotland  bed  blocking  Crisis  ageing  population  sick  premature  austerity  demographic  bubble 
6 days ago by asterisk2a
Anonymous Conservative -- China’s Real Estate Market Likened To Tulip Fever
'There are so many cracks in the foundation, it is impossible to guess where the collapse will begin: "Housing in major cities in China has seen price hikes over the last year that resemble the famous Dutch “Tulip Fever” bubble of 1637, according to new research by economic consultancy firm Longview Economics. -- “I think what’s going on in China is troubling … some of the valuations there are really quite extraordinary,” Chris Watling, the CEO of Longview Economics, told CNBC Thursday. “We’ve double checked these numbers about seven times, because I found them quite hard to believe.” -- “Housing in some of the tier 1 cities is more expensive than it is in London, which I think itself is on a bubble, Watling added. “The (stock) market exploded to the upside and then crashed dramatically. That money had to go somewhere, so it washed around the system … so a lot of it has gone into housing.” The analysis suggests that the typical home in Shenzhen costs approximately $800,000. Watling said that the house-income ratio in Shenzhen is now running at 70 times, compared to around 16 times in somewhere like London."'
economics  china  land  malinvestment  malspeculation  rentseeking  bubble 
7 days ago by adamcrowe
RNIB report: Patients in England face 15-month wait for cataract surgery | Society | The Guardian
Patients in England are having to wait up to 15 months to have cataracts removed from their eyes amid increasing rationing linked to the NHS’s deepening financial woes, a new report has revealed. [...] Making patients wait is “a false economy” because delay increases the risk of depression, social isolation and hip fracture, the report said. “Treating mental health conditions and repairing hip fractures are substantially more costly to the NHS and social care services than cataract.”
NHS  Crisis  England  rationing  ageing  population  demographic  bubble  austerity  sick  Transgender 
7 days ago by asterisk2a
Yes, I’d lie to you | The Economist
Depressing Economist piece on the post-truth political reality, filter bubbles and their effects
filter  bubble  misinformation  propaganda  politics  truthiness  from twitter
15 days ago by fjordaan
This Bubble's Got Legs - Bloomberg Gadfly
A Credit Suisse gauge known as the cross-market contagion indicator -- which tracks price relationships in equities, credit, currencies and commodities -- shows different markets are influencing each other more than at any time since at least 2008.Historically, very high correlations are associated either with a panic or a bubble. Extreme asset inflation tends to reach fever pitch partly because of what scholars call positive feedback, or where exuberance and herd mentality feed further investment.Some of the biggest bubbles of the past century were marked by this spillover to all asset classes. But once one market pops, the rest deflate as well.


Perhaps the best indicator is the so-called complacency index, which relates enterprise value (dictated by market prices for a company's debt and stock), Ebit (a measure of actual profitability) and the Chicago Board Options Exchange's Volatility Index, or VIX. The ratio between these three hasn't been this high since just before the 2008 credit crisis -- and the higher it goes, the more you should worry.


With hindsight, it's usually easy to spot the asset class that starts things. In 2008, it was real estate; in 2001, dot-com companies. This time, it's cash. With all the central bank experiments in Japan, Europe and even the U.S., there's just too much money lying around.
bubble  investing  housing-bubble 
19 days ago by hellsten
Economists Discuss the Predictions That Divide Them - The New York Times
Given your split in views, and the broader questions about growth, what does that mean for the stock market?

Ms. Pomboy: I come back to corporate profits. People are willing to dismiss quarter after quarter of disappointing economic data and downward revisions, but a moment of truth is coming for the stock market. I have to confess this is one area I’ve missed in terms of the stock market continuing to rise this year. But given how far asset prices are extended, I think we could easily see a 20 percent move to the downside. You wanted a bear, you got a bear.

Mr. Gapen: Corporate profits are a legitimate issue — but the weakness has been concentrated in manufacturing, energy and industrials. Other areas, like technology and health care, have fared better. There is a risk out there that the market is still too optimistic, but Barclays’s view is that equities will move sideways for the time being.

Longer term, what is your view? Is the economy condemned to slow growth in the years, even decades ahead?

Ms. Pomboy: I believe we are in a permanent era of low growth. The consumer is inclined to save and we have an aging population that is being forced to consume health care that is rising at double-digit rates. Against this backdrop, the Fed is impotent. However, they can’t admit that, so they will do more of the same — to no avail.

Since policy makers can’t abide that slow growth, the onus will shift to the fiscal side and political leadership. Reducing the corporate tax rate, reducing the regulatory burden on companies and changing the tax code to incentivize corporations to hire and expand, rather than pay dividends and buy back stock, would certainly help growth in the long term.

[This prescription is very right wing. Luckily, the Dems are going to win the election with a mandate to build infrastructure and counter climate change, which will actually have the effect that Pomboy wants, without enriching the wealthy directly. However, I think her tea leaves reading is right on.]

Mr. Gapen: I think the best we can do is 2 to 2.5 percent annually in the long run. Productivity growth is slow here, the rest of the world is growing more slowly and there is a lot of excess capacity out there, especially in China. In terms of economic output, America is the best apple in a bad bunch.

That said, there’s a case to be made that more investment in education, more emphasis on retraining and retooling American workers, and more infrastructure spending would help. There are things that can be done and a well-calibrated public-sector investment plan would pay dividends in the long term.
stocks  economics  bubble  stephanie_pomboy  michael_gapen 
28 days ago by stoweboyd
After building boom, South Korea girds for housing glut | Reuters
But the home-building boom has fueled a surge in borrowing. South Korea's household debt, already the highest among emerging markets, threatens to choke off consumer spending and has prompted the government to step in to prevent a damaging crash.

In places like Yongin, the flood of new apartments also means re-sale prices could suffer.

"They are building way too much, it's irresponsible," said Kim, a real estate broker in Yongin for 10 years.

"I can't possibly recommend these new ones to my customers when I'm sure they will lose money," Kim said.
housing  economy  southkorea  korea  bubble  eatkorea  reuters 
29 days ago by noodlepie
The biggest threat to democracy? Your social media feed | World Economic Forum
And while social media platforms like Facebook and Twitter generally have the power to expose us to politically diverse opinions, research suggests that the filter bubbles they sometimes create are, in fact, exacerbated by the platforms’ personalization algorithms, which are based on our social networks and our previously expressed ideas.

This means that instead of creating an ideal type of a digitally mediated “public agora”, which would allow citizens to voice their concerns and share their hopes, the internet has actually increased conflict and ideological segregation between opposing views, granting a disproportionate amount of clout to the most extreme opinions.
Internet  politics  social  media  bias  personalization  bubble 
4 weeks ago by dandv
Blogilates Worst of the Fitness Industry Round 2 - YouTube
Dr Michael Greger // epidemiological findings - rise in cholesterol coincides w rise of reported back pain in society at large. // studies need to be done! // premature disc degeneration (big block of cartilage)
backpain  Rücken  vascular  Cardiovascular  disease  Diseases  public  health  sick  population  NHS  chronic  pain  dietary  diet-related  cholesterol  ageing  Demographic  Bubble  lifestyle  prematue  western  world  obesity  overweight 
4 weeks ago by asterisk2a
The Unicorn Ledge – Don’t Jump | DIGITS to DOLLARS
I am ready to concede that there are many companies who will be threatened by new technology. And that many large, established players will need to make some big acquisitions. But whenever we talk about the entire economy be completely thrown out of whack, those are the times when we have reached the peak. The economy is big, and many of the ambitious disruptions that private companies are now talking about will take many years just to prove themselves. Remember Webvan? The last time I read pieces like McClure’s, Webvan was making big promises. Their vision eventually became the reality of Amazon, but it took a decade and billions of lost venture dollars.  I am not a Luddite, I like my technology and apps and gadgets as much as anyone else in Northern California. I just think we need to be sober about forecasting ‘Big Changes’ to everything.
startup  valuation  DaveMcClure  critique  bubble  DigitstoDollars  2016 
4 weeks ago by inspiral

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