Trudge

joined 2 years ago
 

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Nikkei average stock price hit 39,098 yen per share, a high that hasn't been seen in 34 years

Hokkaido resident interviews below regarding the phenomena

When the stock prices go up abnormally, there are repercussions so I'm cautious

Hourly wage nor salaries will rise up and we cannot go on living like this. Only (stock) prices that are unrelated to daily living are rising.

No one feels that the economy's doing well. The rich gets richer while the poor stays poor.

 

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The act of cross-posting fragment discussion among myriads of instances

[–] [email protected] 2 points 1 year ago

Now think about how many "birds" you've seen that were walking or resting instead of flying. The system takes cost-effectiveness into consideration.

 

Capital One announced it’s acquiring Discover Financial Services for $35.3 billion in an all-stock deal, giving the bank a leg up in the competitive credit card market.

If the deal is finalized, current Capital One shareholders will own a 60% stake in the combined company, while Discover shareholders will own the remaining 40%.

With a market valuation of almost $28 billion, Discover is considerably smaller than the other three major credit card networks in the US — Visa (V), Mastercard (MA) and American Express (AXP). Credit card networks are the liaison between card issuers and merchants, for whom they set fees.

Getting Discover, which also issues its own credit cards, under the same roof as Capital One would give the bank a major leg up against competing credit card-issuing banks such as JPMorgan Chase (JPM), Bank of America (BAC) and Citigroup (C), which don’t process transactions themselves.

A marriage between Capital One and Discover, if approved by regulators, would also give Capital One a new source of revenue from the merchant fees it collects.

Currently, Capital One issues credit cards with Mastercard, Visa and Discover. The deal would likely result in more of its cards getting switched to the Discover network, the Wall Street Journal reported earlier on Monday before the deal was officially announced.

 

It's super weird that a niche communist forum with like 100 active users is getting spammed in the first place.

Does anyone know why this is happening? Did we ban some lib who is super mad now?

[–] [email protected] 2 points 2 years ago

The simplest way for most people to communicate better is to just communicate more.

[–] [email protected] 0 points 2 years ago (1 children)

You are arguing that protectionism is pro-labor? I don't think you exactly understand what marxist ideology entails. Again, you are dodging the question on whether you truly believe that labor cost is the reason for high prices in Hawaii or if you were arguing just for the sake of arguing.

[–] [email protected] 0 points 2 years ago (3 children)

Ahhh here comes the bot accusation for you liberals as always. You still haven't shown how the Jones Act actually help workers, and are arguing for the sake of arguing if you're committed to your bit of saying that the higher prices in Hawaii are due to labor costs.

[–] [email protected] 0 points 2 years ago (5 children)

So you are deliberately ignoring your previous point about how the main business cost and therefore the reason for the high prices in Hawaii is due to higher wages for American sailors. It's curious how you weren't actually arguing in good faith then.

You do realize that America as a country can simply change its regulation to stipulate equal pay and treatment for foreign crew members who dock in American ports or are employed by American companies, right? You are arguing that Americans and American companies are allowed to treat foreign workers under horrible conditions, so it is labor solidarity to employ only American workers. Do you see how deranged that sounds when we get down to the meat of it?

[–] [email protected] 1 points 2 years ago* (last edited 2 years ago)

The West has been doing that for the past year and a half already. It's not like putting undertrained Ukranian pilots in F-22s against Russian SAMs will affect the outcome of the war drastically.

[–] [email protected] 0 points 2 years ago (7 children)

Your bad guy, good guy view of the world is myopic.

American labor vs International labor is a false dialectic that is used to pit working class against each other by the capital. You do realize that right? How is the Jones Act about the workers as you state when it doesn't stipulate better working conditions, better pay, or ownership in the business itself? I don't think you're seriously arguing that the main reason for the price gouging that is happening in Hawaii is due to higher pay for American crew members, so I'll ignore that.

In general, Marxists are internationalists and we don't care about protecting American workers over other workers. I would be a syndicalist if I argued for the supremacy of the union.

[–] [email protected] 1 points 2 years ago (9 children)

Prices in US territories such as Guam, Hawaii, and Puerto Rico are sky-high due to the Jones Act to protect American industries at the expense of colonized people. It's more about the where the ship was built and who operates them than the workers themselves.

Yes, I am a big fan of NAFTA as well. The only parts I dislike are the parts that allow free movement of capital, disallow free movement of people, and protection of IP.

[–] [email protected] -4 points 2 years ago (11 children)

Hawaii is a colonial project and isn't respected by the federal court circuits in the same manner that continental states are. It's closer to Guam and Puerto Rico than other states in that it carries disproportionate financial and military burdens, including the effects from the Jones act for example.

[–] [email protected] 3 points 2 years ago

Say goodbye to tourist dollars from Asia.

[–] [email protected] 0 points 2 years ago (4 children)

I know right? It's amazing what proper governmental response and civic mindedness of the populace can do.

See also: Vietnam, Korea, New Zealand

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