BC FINANCE
Saved by @SteveeRogerr

I think the reason people are fixated on the $2000 checks is because that's immediate in a way the other stuff in the bill isn't.

 Minimum wage increase is great! But I expect employers and states to fight it tooth and nail. Utility assistance sounds great! But we all know the horror stories about how impossible it is to qualify for relief programs.
Most of us have seen direct checks from the IRS come in immediately and be used for stuff the next day. That's fast relief, which is what we need.
If you're working 40 hours at, say, $11 right now, the $15 minimum wage increase won't even show up for a week and when it does that's $160 more per week ($15*40 - $11*40).

That's not nothing! But it's not a RIGHT NOW check for $2000.
Folks need $2000 right now, hell, they need $20,000 right now--10 months of back pay. Maybe that's impossible, but it's not helpful to act like the people who need it don't care about the rest of the bill.
Surely we all understand that a bill can be good AND not enough, and that advocating for more isn't necessarily done from bad faith.
Idk, I get that everyone is super frustrated, but I thought we were all on the same page that we were gonna have to hold the phones, hold their feet to the fire, and demand every mile we can imagine.
I feel like we're fighting each other online when we could all be calling our reps and demanding $2,000 checks instead of $1,400. Whether it was a promise or not, let's do it because it's the right thing to do.
Also:

- We desperately need a minimum wage increase.

- But a minimum wage increase is not a substitute for *covid relief* when so many of us lost our jobs or had our hours reduced because of the deadly pandemic.
Some of us want monthly checks so folks can afford to stay home and stop spreading a disease that will kill us all, and it's vexing to see people be like, "you're not praising the portion of the bill that still requires people to go to work in order to not die!!" 🤔
Well, YEAH, I'm not praising that portion of the bill because while it is desperately overdue and I'm glad to see it finally arrive, making it so everyone can survive the DEADLY PANDEMIC by not NEEDING to work outside the home is kinda my higher priority right now!! Wild!!
Idk, I feel like a lot of you are fighting that one douchebro left dude via subtweet and aren't realizing that you're punching sideways at a lot of other people who *aren't* That Guy.
And I'm really tired of people just *assuming* we don't know about / don't support the other stuff in the bill when the reality is that we're skeptical the other stuff will actually be implemented properly.
I know people who've been trying to get on unemployment for the ENTIRE PANDEMIC, so it's not that I don't care about unemployment expansion, it's that I know it's not reaching people who need it in the way $2000 checks for everyone would.
This is another good point I hadn't thought of: checks can't be easily "recalled" in the same way that the other benefits of the bill can be fucked with by states/courts after it passes. https://t.co/M3f5ANTKo1

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A children's book explanation of what's happening:

1. If you are "smart money" you are allowed to take your $1 and leverage it up to $15+

2. You can now buy $15 of stock AND if you promise to short companies, you can short $15 of stock as well

3. In finance language, this means that you are $30 "gross" ($15 of longs + $15 of shorts) but $0 net (+$15 of longs -$15 of shorts). This makes everyone feel good because it feels like you are taking zero risk...but in reality, your $1 is exposed to $30 of risk.

4. Now you go around and tell your friends about both your longs and your shorts and when you do it at a restaurant vs on Reddit, its called an "ideas dinner".

5. You also publish your longs on a quarterly lag via an SEC rule. You don't have to tell anyone about your shorts.

6. Now the less cool people who weren't invited to the ideas dinners, start copying your longs based on your report.

7. You realize that publicizing your shorts is also a good idea so instead of only selling stocks, you also BUY options (puts) which has to be reported.

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9. But then an outsider notices that the math is way off!
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Neil Bananas Bharadwa \U0001f44a\U0001f3fd
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Having made over 1000 boxes for vulnerable families in Cambridge via @RedHenCambridge (thanks to our customers 🙏🏽) My thoughts on the £30 box thing. Lots of factors at play here. 1/

If the pics in this @BootstrapCook thread are true and correct then the Govt/taxpayers & families in need are getting absolutely SHAFTED 👇🏽 2/


There are some mitigating circumstances. A £30 box won’t ever contain £30 (retail) worth of food - people aren’t factoring in
-the cost of the box
-paying someone to fill it
-rent & rates
-& most expensive the *transport/distribution*

3/

If you’re doing the above at scale. Delivering *across the UK* it’s not cheap BUT IMHO there should be at LEAST £20 worth of groceries in a £30 box. To get more value they need more fresh produce. Just carrots & apples is terrible. 4/

I’m gonna put my rep on the line here & say something about these big national catering companies whose names I’ve seen mentioned. They are an ASSHOLE to deal with & completely shaft small businesses like mine with their terms which is why I won’t deal with them. 5/
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1/16
Was reading upon #Biases & learnt a lot. Thought of sharing a few pointers .
Simply put Bias is a disproportionate weight in favour of or against any idea/thing in all aspects of life.
Few types of Biases ( out of the many) with not so random images. :)
+

2/16
The #DunningKruger effect now is fairly well known , wherein people with limited knowledge overestimate their competence, whilst the actually knowledgeable question themselves often .
"Ignorance more frequently begets confidence than does knowledge".
+


3/16
*#SelfServingBias*
A very interesting bias wherein we credit our successes to purely ourselves, but when things go awry we cite luck & external forces .
Rings any bells?
Basically a defence mechanism to protect our self esteem & eventually from personal responsibility.


4/16
* #ConfirmationBias *
We all favour ideas & beliefs that affirm to our existing ones' , rarely being open to contradictory opinions .
(Especially in markets !! 😬) Why?

Laziness? Mental block? Ego ?
No wonder, Birds of a feather flock together ... 😉


5/16
* #SunkCostBias *
As we know, sunk costs are irrecoverable , regardless of outcomes. (Eg Money expended towards R&D for a molecule which doesn't work out)
But this actually extends in any investment we make - Time,Money, Effort, Relationships ...😏
Interesting right?
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2) 2 Weeks ago, my dog was effected by it as well. He is hearing things that aren’t technically audible. I can tell by his body language and sounds. One week ago I began feeling a pressure in my head and ears. It wasn’t painful at all, but it was intense for a bit.

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5) So yes, the frequencies are changing. What this means exactly, I am unsure of at the moment. Some will say electromagnetic fields, others will say ascension, and some will say pole shift. I honestly can’t say at this very moment.
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