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Joined 2 years ago
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Cake day: June 20th, 2023

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  • It’s pretty easy to pump up the official GDP Growth number by understating Inflation since the former is mathematically reduced by the latter.

    You might have noticed frequent news (and people complaining) about the prices of things having gone up A LOT in the US and yet official Inflation figures are quite subdued.

    Then on top of that, it’s an Election Year and the political pressure to massage then numbers to make them look good is likely higher than normal (plus they can always be corrected later, after the election).

    The US might not practice China-level Economic-figures Massaging, but they’ve definitely been a lot more Fantastic and Fabulous (in that they have a lot more Fantasy and Fable to them) since the mad scramble to look good (or at least not as bad) after the 2008 Crash.


  • Sorry, but Russia has no legimitate grievances on anything that takes place inside of Ukraine.

    Ditto on the NATO expansion and all that “argumentation” line you’re parroting: Russia and Ukraine are different soverign nations and none of them has any right to force the other to do anything, which does mean that it’s not up to Russia and never was the way Ukraine runs their government including which alliances they join, same as, for example, it was never up to the United States how Iraq was run (and why the American invasion of Iraq was just as immoral as Russia’s invasion of Ukraine and the “Saddam was a murderous dictator” is a totally bollocks excuse).

    Up and until the point one of those nations actually harms the other, none of the has any right to do anything to the other and as it so happens, it was Russia that harmed Ukraine by invading it, so the only nation there with any legitimate grievances is Ukraine.

    In fact since the Russian invasion and occupation of Crimea, Ukraine and Ukraine alone is the one nation of the two with legitimate grivances against the other.

    Your whole “argument” is predicated on the notion that Russia as the large neighbouring nation has a say in the affairs of its smaller neighbouring nation Ukraine, which is just a nakedly imperialist view of the relations between states straight out of XIX century political thinking.


  • That’s a wierd as hell take.

    The first placed was the supposedly Center Left (Partido Socialista), the second was AD - a cohalition of the Center-Right “Partido Social Democrata” and the conservative party (to were the fascists migrated post Revolution) CDS - the third was the hard neoliberal party (Iniciativa Liberal) and the fourth was Chega.

    The first 3 parties are neoliberals, curiously from softer to harder (if we ignore CDS, the junior party in AD, which is a traditional conservative party rather than neoliberal) and the 4th is towards the Fascist side of the rightwing.

    The Iniciativa Liberal who got 3rd place is almost as far-right as the Chega, it’s just that they’re from the American-style ultra neoliberal side of the far-right whilst Chega is from the Fascist side, so they’re less into moralism, nationalism and statism and more into privatise everything including the National Health Service, remove all regulations and cut the top tax rates - i.e. basically replace the European style social net with the American model on steroids.

    Curiously both Chega and Iniciativa Liberal grew from nothing roughly at the same time, both a few years after Steve Bannon came to Europe with money from several very wealthy Americans very openly to “expand the far-right in Europe”.

    This was not at all a victory against the far right because the two far right parties, Iniciativa Liberal and Chega got more seats than ever before.

    You would need to be seriously deluded to think that a party whose politics are those of the fat-cat rightwing of the American Democrat party (think Finance types and Tech Bros) in an European country like Portugal is to the left of anything but the new Fascists of Chega.


  • Over a decade ago I worked as a freelancer for an Investment Bank (the largest one that went bankrupt in the 2008 Crash, which was a few years later) were the head of the Proprietary Trading Desk (the team of Traders who invest for the profit of the bank) asked me if I could change the software so that they could see the investments of the Client Trading Desk (who invest for clients with client money) was making, with the assent of the latter team.

    Now if the guys investing money for the bank know what they guys investing customer money are doing they can do things like Front-Run the customer trades (or serve them at exactly the right price to barelly beat the competiotion) thus making more profits for the bank and hence get bigger bonuses. This is why Financial regulations say that there is supposed to be so-called Chinese Walls between the proprietary trading and the customer trading activities: they’re supposed to be segregated and not visible to each other.

    Note that the heads of both teams were mates and already regularly had chats, so they might already have been exchanging this info informally.

    I was quite fresh in there (less than 1 year) and the software system I worked in at the time was used by both teams, but when I started looking into it I saw that the separation was very explicitly coded in software and that got me thinking about what I had learned from the mandatory compliance training I had done when I first joined (so, yeah, that stuff is not totally useless!!!)

    So I asked for written confirmation from the heads of both teams, and just got some vague response e-mails, no clear “do such and such”.

    So I played the fool and took it to a seperate team called Compliance (responsible for compliance with financial regulations) saying I just wanted to make sure it was all prim and proper, “just in case”.

    Of course, it kinda blew up (locally) and I ended up called to a meeting with the heads of the Prop Desk and whatnot - all stern looks and barelly contained angry tones - were I kept playing the fool.

    Ultimatelly it ended up not being a problem for me at all, to the point that after that bank went bust and its component parts were sold to another bank, the technical team manager asked me to come back to work with the same IT group (remember, I was a freelancer) with even greater responsabilities, so this didn’t exactly damage my career.

    That said, over the years there were various cases of IT guys in large investment banks who went along with “innocent” requests from the Traders and ended up as the fall-guys for subsequent breaking of Finance Regulations, serving jail time, so had I gone along with that request I would’ve actually risked ending up in jail.

    (Financial Regulators were and are a complete total joke when it comes to large banks, which actually makes it more likely that some poor techie guy will be made the fall guy to protected the bank and its heads).