Is The Economy Just Now Falling Apart

[clarke-connolly]

The Krauts have a national death wish, and participated in their own downfall

Took the Knee to The American Empire = = How has that worked out for them ? ? ?

 

[Declan]

34,997,540,505,103.33


So we go past 35 trillion on Monday or Tuesday and the camels back is about to snap here at 5% interest or 1750 billion interest payment a year.

 

[Coal Gas and peat]

More pharmaceutical jobs went this week in Ireland , it's whispered out now every week really , I think we are Net losing jobs again , and 12 months ago that corpo tax they all love was dropping a billion a month , so that's not small bills , the multinationals found new ways not to pay it , they saw the state getting too much there .....in their economic opinion

 

[Mad as Fish]

With some friends from Germany who are telling me about the economic downturn in their country, inflation being the major worry. They know of a lass with a masters in physics, a hard maths based science, who can't get a job anywhere. I guess she should of focussed on transgender trends in sub Saharan knocking shops or summat, if she really wanted to get on in life.

 

[jpc]

With some friends from Germany who are telling me about the economic downturn in their country, inflation being the major worry. They know of a lass with a masters in physics, a hard maths based science, who can't get a job anywhere. I guess she should of focussed on transgender trends in sub Saharan knocking shops or summat, if she really wanted to get on in life.

That's a tell on an economy going down the shitter.
Those qualifications are rare at the best of times and should allow you into a multitude of positions. Data Analytics to name but one.

 

[clarke-connolly]

The Irish Political Rats are jumping off the Titanic for a reason.

 

[Coal Gas and peat]

The Irish Political Rats are jumping off the Titanic for a reason.

Correct sir .....I hear Eamonn O'Cuiv that rat fuck has called it a day also

 

[clarke-connolly]

Correct sir .....I hear Eamonn O'Cuiv that rat fuck has called it a day also

Traitors know that their Necks = = May Well be Stretched.

 

[Coal Gas and peat]

Traitors know that their Necks = = May Well be Stretched.

I'm reminded of the classic scene in lonesome dove......Gus McGrea(Robert Duvall) Texas ranger is hanging bushwackers and one of them continues to shout vile dirt ......Gus says .... " I gotta tell you son your a pleasure to hang"

 

[PlunkettsGhost]

. Data Analytics to name but one.

Ai can do all that now

 

[jpc]

Ai can do all that now

AI is a tool.
A very useful but overhyped tool.
Still need people to make sense of the data
And spot issue's. .
That's the skill factor.

 

[PlunkettsGhost]

AI is a tool.
A very useful but overhyped tool.

Indeed. But useful tools have a habit of putting a lot of people out of work. Just ask the Luddites

 

[jpc]

Indeed. But useful tools have a habit of putting a lot of people out of work. Just ask the Luddites

Fair point.
And no doubt there's going to be total job destruction in certain fields.
But AI is a very cool search engine essentially.
So depending on the algorithms and that's becoming evident in the most silly way.

‘Absurdly woke’: Google’s AI chatbot spits out ‘diverse’ images of Founding Fathers, popes, Vikings

A Google official admitted the chatbot’s image generation tool was “missing the mark.”

nypost.com

The AI moniker is hype.
Just saying!

 

[PlunkettsGhost]

Fair point.
And no doubt there's going to be total job destruction in certain fields.
But AI is a very cool search engine essentially.
So depending on the algorithms and that's becoming evident in the most silly way.

‘Absurdly woke’: Google’s AI chatbot spits out ‘diverse’ images of Founding Fathers, popes, Vikings

A Google official admitted the chatbot’s image generation tool was “missing the mark.”

nypost.com

The AI moniker is hype.
Just saying!

I'm hearing from several coders that Ai actually writes useful working code based on prompts for problem solving. So, were 6 coders were once needed, maybe 1 or 2 will do the same job going forward. Just one example.

I think a lot of more mundane white collar data roles are in jeopardy

 

[jpc]

I'm hearing from several coders that Ai actually writes useful working code based on prompts for problem solving. So, were 6 coders were once needed, maybe 1 or 2 will do the same job going forward. Just one example.

I think a lot of more mundane white collar data roles are in jeopardy

Mate of mine finds it very useful for exactly the same reason.
There again you have people who know what they are doing and what to expect.
And can sort anything odd.
But if you're going to take it as the ultimate authority.
It's not going to work.
Or decisions made will be flawed by wrong inputs.

 

[Mad as Fish]

Ai can do all that now

But can it? I have been following the AI story over on linkedin and it seems that it has been hugely overhyped according to many. It's like everything, all gloss and polish on the surface, but dig a little deeper and things soon start to get murky.

 

[Mad as Fish]

Mate of mine finds it very useful for exactly the same reason.
There again you have people who know what they are doing and what to expect.
And can sort anything odd.
But if you're going to take it as the ultimate authority.
It's not going to work.
Or decisions made will be flawed by wrong inputs.

As always, rubbish in, rubbish out. What AI can't do, and we must not let it try, is make judgement calls, for it has to base judgements on subjective values, and who's values are to be trusted universally? Nobody's.

 

[Mad as Fish]

Indeed. But useful tools have a habit of putting a lot of people out of work. Just ask the Luddites

Yet there is a huge short of technicians in other areas, just ask any car dealership.

 

[PlunkettsGhost]

Yet there is a huge short of technicians in other areas, just ask any car dealership.

There is this older car guy I listen to on Youtube sometimes. He talks a lot about how modern car repair makes no sense in terms of how problems can be diagnosed or tracked. Computer modulation has made it very difficult. New car techs are now trained with the plug-and-play method. Let the computer solve the problem and we don't have too think to hard. It has resulted in a general decline in capability and standards of repair. The smaller guys are getting pushed out and the Big Dealership model is about getting the punters in and out as fast as possible, further exacerbating the decline. Dealerships have very corporatized work models also that demotivates the staff. High turn over is common

 

[jpc]

There is this older car guy I listen to on Youtube sometimes. He talks a lot about how modern car repair makes no sense in terms of how problems can be diagnosed or tracked. Computer modulation has made it very difficult. New car techs are now trained with the plug-and-play method. Let the computer solve the problem and we don't have too think to hard. It has resulted in a general decline in capability and standards of repair. The smaller guys are getting pushed out and the Big Dealership model is about getting the punters in and out as fast as possible, further exacerbating the decline. Dealerships have very corporatized work models also that demotivates the staff. High turn over is common

Scotty Kilmer?
He's very interesting to listen to!
Especially wrt oil change schedules.
Thinks they're way too long.

 

[jpc]

I'm hearing from several coders that Ai actually writes useful working code based on prompts for problem solving. So, were 6 coders were once needed, maybe 1 or 2 will do the same job going forward. Just one example.

I think a lot of more mundane white collar data roles are in jeopardy

This is a great use of AI given our discussions.

High schooler develops innovative solution to fight major invasive species wreaking havoc on local farms: 'Amazing to see it working'

Spotted lanternflies are an invasive insect species that were first spotted in the United States in 2014.

www.thecooldown.com

 

[PlunkettsGhost]

Scotty Kilmer?
He's very interesting to listen to!
Especially wrt oil change schedules.
Thinks they're way too long.

I like Scotty. Uncle Tony's Garage is the guy. I do oil changes before the scheduled time, every time. It is the one thing the ordinary person can do that will substantially improve engine life and health

 

[jpc]

I like Scotty. Uncle Tony's Garage is the guy. I do oil changes before the scheduled time, every time. It is the one thing the ordinary person can do that will substantially improve engine life and health

Same here!
Cars and especially bikes!

 

[Jay Homer Simpson]

The British chancellor to announce £20 Billion worth of cuts this afternoon

 

[clarke-connolly]

The British chancellor to announce £20 Billion worth of cuts this afternoon

While dole-ing out the most of £12 Billion in foreign aid ( which is often just a way of bribing dodgy foreign countries )

Also the Labour Party are handing out pretty generous pay increases to public sector workers = = Coincidently almost certainly overwhelmingly Labour Voters.

The Labour Party have gone straight to their Labour Hobby Horses = = They will continue to Fuck-Up the UK like the Tories before them.

Why do all of these Politicians Hate their Own Countries and their Own People ? !

 

[jpc]

While dole-ing out the most of £12 Billion in foreign aid ( which is often just a way of bribing dodgy foreign countries )

Also the Labour Party are handing out pretty generous pay increases to public sector workers = = Coincidently almost certainly overwhelmingly Labour Voters.

The Labour Party have gone straight to their Labour Hobby Horses = = They will continue to Fuck-Up the UK like the Tories before them.

Why do all of these Politicians Hate their Own Countries and their Own People ? !

Because they know there's no real consequences of note!

 

[Declan]

 

[Declan]

Hit the big 35T

 

[Coal Gas and peat]

It can never ever be paid down .....I pulled these figure quickly
Ireland national debt per citizen $62,600 dollars US
United States debt per citizen $93,500 dollars US

There about 340 million more people in the USA than Ireland

 

[Mad as Fish]

It can never ever be paid down .....I pulled these figure quickly
Ireland national debt per citizen $62,600 dollars US
United States debt per citizen $93,500 dollars US

There about 340 million more people in the USA than Ireland

How does that compare with the Irish national debt after the banks were bailed? It seems a lot more from my vague memories of the period and it was considered unsustainable then.

 

[Declan]

The bailout was about 65 billion on top of about the same amount before. So the debt is about 2.5 times bigger.

 

[Declan]

Were it not for facebook today, the market would have crashed

 

[Coal Gas and peat]

https://www.breakingnews.ie/ireland...n-turnaround-push-shares-plummet-1657161.html

Intel is cutting close to 17,000 jobs and suspending its dividend payments.

The chipmaker, which employs close to 4,900 people in Ireland, said on Thursday it would cut more than 15 per cent of its workforce and suspend its dividend starting in the fourth quarter as the chipmaker pursues a turnaround centred around its loss-making manufacturing business.


So how many jobs will go in leixlip.......17% of 4900 is 883

 

[clarke-connolly]

https://www.breakingnews.ie/ireland...n-turnaround-push-shares-plummet-1657161.html

Intel is cutting close to 17,000 jobs and suspending its dividend payments.

The chipmaker, which employs close to 4,900 people in Ireland, said on Thursday it would cut more than 15 per cent of its workforce and suspend its dividend starting in the fourth quarter as the chipmaker pursues a turnaround centred around its loss-making manufacturing business.


So how many jobs will go in leixlip.......17% of 4900 is 883

When / If the Economy turns sour ~ ~ which it will ( certainly a t some point ) ~ ~ Then the shit is truly going to hit the fan.

I reckon this is why all of these Scumbag TDs are jumping like Rats off the sinking ship !

 

[Coal Gas and peat]

I think we are there now massive amount of jobs lost in the last three months , we even had a couple of total closures in Pharmaceutical , will RTE even cover this INTEL statement .......the fuckers(INTEL) are building and sacking now at the same time ......and Harris the gimp and his gimp finance minister is gonna fix nothing .....more direct provision of illegal immigrants into kildare will probably be the answer to 800 job losses

 

[Declan]

https://www.breakingnews.ie/ireland...n-turnaround-push-shares-plummet-1657161.html

Intel is cutting close to 17,000 jobs and suspending its dividend payments.

The chipmaker, which employs close to 4,900 people in Ireland, said on Thursday it would cut more than 15 per cent of its workforce and suspend its dividend starting in the fourth quarter as the chipmaker pursues a turnaround centred around its loss-making manufacturing business.


So how many jobs will go in leixlip.......17% of 4900 is 883

Maybe none or maybe all of them

 

[Mad as Fish]

https://www.breakingnews.ie/ireland...n-turnaround-push-shares-plummet-1657161.html

Intel is cutting close to 17,000 jobs and suspending its dividend payments.

The chipmaker, which employs close to 4,900 people in Ireland, said on Thursday it would cut more than 15 per cent of its workforce and suspend its dividend starting in the fourth quarter as the chipmaker pursues a turnaround centred around its loss-making manufacturing business.


So how many jobs will go in leixlip.......17% of 4900 is 883

Seems like only yesterday that the world's factories were grinding to a halt because of a chip shortage, and since then we have heard about the awful consequences of not being able to make enough military drones and so on.

So what gives?

 

[Declan]

Panic stations tomorrow

 

[Declan]

The crash is underway lads

 

[valamhic]

The crash is underway lads

The asset value of bank loans for electric cars is close to zero but stated at new price less depreciation.
The asset value of wind farm loans is at about 2 million per MW with a little depreciation
when in fact they are a liability, worthless. Its all handled by printing money,