The "your parents" are only harmed if the public benefit from taxes don't offset the benefit that is received directly in the funding of the 401k or other relevant investment accounts.
In America anyway, the wealthiest 1% own 53% of the stock market. I highly doubt that the "your parents" would benefit more from funding of their investment accounts than they would benefit from the tax revenue generated. Of course my assumption is highly dependent on public policy.
> After hovering around record lows for much of the pandemic, consumer delinquencies are rising across the industry.
> It lost slightly more than $1 billion in 2021 and $783 million in 2020, after accounting for operating expenses and money set aside to cover possible losses on loans
That seems like an enormous amount of money to support buy now and pay later
Apple has enough cash reserves to be able to be a bank themselves, but I guess are much too smart to use their own money.
Is the buy now, pay later all of what this stems from? I have never looked into it, but I assumed they were also backing the Apple credit card which I consider totally different from each other.
The retail bank was a mess. It’s a stepping stone for Solomon to disrupt the trading culture and take control of the bank from the investment bank. It costs a lot to set up a retail bank, and the political will was there to start but not to finish. The politics around the retail bank was hyper toxic, with a classic us and them mentality. The established tech and back office were marginalized and the retail bank tried to build it all themselves but learned the hard way very late those groups exist for a reason - regulatory and security bars are super high and can’t be achieved by hubris alone. Apple had extremely aggressive asks of the technical stack, they outsourced a lot of core stuff to SaaS finserv at a high margin, and a bunch of other issues. Finally the timing of it all was awful. They started in a super low rates cash flush world and things have gotten harder everywhere for them.
But Apple could take it to an 11 too. If they finance your equipment and you fall behind on your payments, guess whose equipment just went into lock-out mode... Apple could then allow the device to be returned to an Apple Store, and credit will be applied to the account. A voluntary return policy, only throw in a carrot of if you provide a memory stick, they'll make you a copy of the data for a small nominal fee.
Ford, Chevy, Toyota, Honda, et al. repo cars daily, and their brands are not hurting. People know when they can't make payments that their collateral is likely to be collected.
I'm not saying I'm for them doing this or anything, but just taking the dystopian concept to a logical completion. We've already seen where self driving cars have been discussed repossessing themselves, so this is just the natural extension of the same concept. This forum tends to think that places like FB, Googs, etc should have a very negative brand due to the data collections, but the masses don't give a damn.
Those are typically finance companies, so dealers are no where near repossession. Each of the big auto makers all have their own financing companies, so it very much is the manufactures.
I believe that remotely disabling your car if you don't pay has been an established practice among "buy here pay here" dealers for many years. It's an "innovative" way to lend to people who have bad or no credit.
On the other hand, I've never heard of it spreading outside that market segment.
It would be news to me if the major manufacturers finance arms have the capability and are keeping it on the down low.
What's really shocking is that this number is post provision for future losses, which is a non cash accounting charge that the media often uses to make banks look worse. These are real losses.
Before I got hit with long covid, I was in the best shape of my life, and was doing all of those things on that list. I was running 1.5 miles and exercising several days a week.
It absolutely didn't prevent me from experiencing long covid.
Not sure what you eat, but if you told me you were eating fresh fruits and fermented vegetables daily and avoided most processed foods, I would be shocked.
He mentioned "supplementation" and has a few things listed, none of which I would adhere, but general antiviral supplements (proven clinically, just search it) would certainly help you.
Quercetin+EGCG+ceylon daily
This is a well regarded treatment regime for chronic viral infection
Or just garlic extract and ceylon extract if your budget is tight.
To put it in such a highly accessible form is an invitation to crackpots. Crackpots and mobs generally do not get incited by FAA travel logs that requires some diligence to track.
Oh, so this publicly accessible information should not be subject to free speech, even though it's clearly publicly available? Should all speech that could incite crackpots be limited?
Flightradar24, as well as all sorts of similar services (FlightAware, ADSB-Exchange, etc.) let anyone watch the location of any aircraft with ADS-B in real time (as well as list everywhere the plain has been and playback previous flights)
So we should shut down flightradar24, too, I assume? Because that's a lot more highly accessible than a twitter account and has real time status. On all planes, not just Elon's. The horror!
One could argue, none of the FAA data should be public information... I personally think that's the case. All the FAA really needs to know is where all the objects are, not specific planes.
I've got a few smart switches that adjust the lights at a specific time in the evening. It really helps my children transition into the evening routine. It also helps me not lose track of time so I can keep that evening routine.
I made a project in college like this that utilized the Windows API to enumerate the rectangles of the windows and you could create shapes and other things that you can throw around your desktop
