The Stock Market Is Not The Economy Thread II

[NynJa]

This is AMERICAs fault as usual

They wouldnt give Microsoft the 400 million dollars for 6900 hololens.

[Dantrag]

MSFT is laying off 10,000 over the next 3mo. It's not all at once.

[Zealot]

Alphabet joining Amazon and Microsoft with the massive layoffs, letting go of about 12,000.

Sent from my SM-N981U using Tapatalk

[Mayareira]

This may not be their last massive layoffs in short-medium term. They geared up for a capacity that will continue to shrink with normalization (lesser wfh, etc) in workforce post-pandemic.

[6souls]

https://twitter.com/sarafischer/stat...53999242235905

Roughly 56 people if their staff count of 800 from last September holds true. Vox had laid off 39 last July.

[NynJa]

From what I've seen on hockey twitter, its the entire NHL portion of SBNation.

edit: most of it. Boston, Carolina, New Jersey are among the 6 teams that survived the cut, not sure what the other three are. The very popular Toronto and Montreal sites are getting cut. Also the entire MLS section getting cut.

[Mertron]

yeah i follow a lot of sbnation football coverage and all the ones I follow got laid off

[Cail]

Sounds like the few who survived, weren’t necessarily the most popular/profitable

[Spicyryan]

https://twitter.com/GRDecter/status/...pHnNgO-MA&s=19

But, think of the shareholders, guys.

[Spicyryan]

https://twitter.com/GRDecter/status/...woj5XHoZw&s=19

[kuronosan]

Crazy that people give a shit about the vaccine cost that the government pays for but don't seem to care about the cost of insulin.

[Spicyryan]

Crazy that people give a shit about the vaccine cost that the government pays for but don't seem to care about the cost of insulin.

Its more of the same. Both are wrong to be so gouged. Frankly, insulin shouldn't be for profit.

[kuronosan]

Most medicine shouldn't be.

Guess which is more likely to change: insulin (arguably more important to make affordable) or COVID vaccines (which no one has had to pay for)?

[Day]

wheres the government getting the money to pay for it bro?

[Day]

yall been on here 2 decades and still kinda braindead about "free" stuff from the government

[kuronosan]

wheres the government getting the money to pay for it bro?

Oh, you mean taxes?

Tell me where the tax dollars are for low price insulin, bro.

[Day]

sent to ukraine

[archibaldcrane]

wheres the government getting the money to pay for it bro?

With drug prices, the government can just do price controls if they want to (like literally every other wealthy country does). That's actually part of the IRA for certain drugs under Medicare for the first time (including a $35 monthly cap on out of pocket spending on insulin products for diabetics on Medicare)

The cumulative effect of this drug pricing control will be a deficit reduction of $237 billion over 10 years, which shows how powerful government rate-setting can be (and that's just for a handful of drugs under Medicare!)

https://www.kff.org/medicare/issue-b...reduction-act/

[Day]

well yeah they could do a lot of things

[archibaldcrane]

well yeah they could do a lot of things

(but they literally are, even for insulin [for Medicare patients anyway])

But yeah when people who have thought about it for more than a couple seconds are saying "X drug should be free" federal price controls are the mechanism for that