Masters of the Universe category archive
At the Portland Press-Herald, Victoria Hugo-Vidal, whose job involves dealing with health insurance companies, describes dealing with “customer service” robots.
If you’ve ever spent 45 minutes or an hour trying to get through to a real live human being, only to be disconnected (thank you, land line telephone company), you will be able to empathize with her. Here’s a bit.
I’ve found the best way to deal with it is to make my own voice as robotic as possible. I take deep breaths and empty my mind. I pretend that I, too, am a robot. Robots don’t care about being on hold for 25 minutes. Robots don’t think about how terrible our health care system is. Robot secretary has one goal: Retrieve numerical code that will enable patient to obtain vital test.
At The Roanoke Times, Nancy Liebrecht reminds us that American manufacturing jobs didn’t go overseas on their own.
Shirley Smith describes how a private equity firm purchased her employer, a long-established Detroit furniture retailer, picked its bones clean, than cast it and its employees aside.
It is a chilling tale of greed and rapacity.
I was banking at Wells Fargo because Wells gobbled up the bank that gobbled up the bank that I was banking at.
Moving a bank account is a hassle, especially if you have set up automatic payments, but I left Wells when the “creating fake accounts” scandal broke five years ago and am glad I did.
There’s nothing really new in this clip about the Game Stop kerfuffle, but Pap’s guest gives on of the most understandable non-technical explanations of “selling short” that I’ve heard.
Maya Cohen explains how only a few are permitted to wield the free hand of the market.
Drew Magary took a flyer on the Robinhood app and ended up with very little john, which led him to form a theory about how the stock market
works is worked. (Warning: Language.)
Individual stocks may go way up or way down, but the market itself only knows one trajectory. They’ll never let the whole market sink even if certain stocks eat curb. When the pandemic hit, what was the first thing legislators worried about? It wasn’t you. It wasn’t your favorite mom-and-pop pad Thai joint. It was the market. Who’d the legislators bail out in 2008 when the banks collapsed? Not you. The banks. Why? To keep the market up. They’ll never let it fail. All of their interests, regardless of party, coalesce within it. Hence, the average American’s best way to survive the vagaries of the market is to invest in ALL the corruption, not in bits and pieces of it.
That means index funds.
The Bangor Daily News reports on a Maine Redditor who invested in Game Stop:
Frankly, a strong case can be made that short-selling, basically betting against a company’s success, should be banned.