• 132 Posts
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Joined 2 years ago
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Cake day: June 30th, 2023

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  • Jordan117@lemmy.worldtopics@lemmy.worldNot for sale.. ever!
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    7 days ago

    Apparently in many developing world cities with shaky property records it’s known for fraudsters to make fake real estate deals using buildings they don’t own, to the point that in Google Street View it’s common to see “this property is not for sale” or similar painted on house walls near the entrance. I’ve never seen it on a building this large though!










  • my cat is sad.

    no one else in his family is a cat

    we are all human except for him

    he is excluded from most things

    and no one tells him why

    he just wants to play

    and be loved

    he looks at us with wonder

    and disappointment

    he says hello i am a cat what is my existence

    what is that / why it and not me / please can you look at me and love me too

    can i have some of your food please im sorry i dont like my food so much

    do you want to play with my toys? this one is my favourite

    do you like me

    are we brothers

    why didnt i grow up

    why am i so small

    can you help me be happy

    where are you going

    –Spencer Madsen






  • Jordan117@lemmy.worldOPtoPolitical Memes@lemmy.worldIt's Greek to me
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    2 months ago

    White House publishes a table of steep percentage fees charged on imports from various countries that make little sense, claiming it’s based on a rigorous and complex system of economic calculations

    Somebody notices the percentages for all these countries are just the trade deficit divided by imports, which is a formula as simple as it is arbitrary

    White House lackey says “Nuh uh, we have a totally complex formula for this” and publishes an imposing equation full of Greek symbols and letters

    Turns out the Greek symbols refer to arbitrary values set by the White House that cancel each other out, and the letters just represent… the trade deficit divided by imports.

    tl;dr: They used a dead-simple, arbitrary formula for their economy-wrecking trade war and tried using fancy-looking math to cover it up


  • Jordan117@lemmy.worldOPtoPolitical Memes@lemmy.worldIt's Greek to me
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    2 months ago

    Direct from USTR.gov:

    To calculate reciprocal tariffs, import and export data from the U.S. Census Bureau for 2024. Parameter values for ε and φ were selected. The price elasticity of import demand, ε, was set at 4.

    Recent evidence suggests the elasticity is near 2 in the long run (Boehm et al., 2023), but estimates of the elasticity vary. To be conservative, studies that find higher elasticities near 3-4 (e.g., Broda and Weinstein 2006; Simonovska and Waugh 2014; Soderbery 2018) were drawn on. The elasticity of import prices with respect to tariffs, φ, is 0.25. The recent experience with U.S. tariffs on China has demonstrated that tariff passthrough to retail prices was low (Cavallo et al, 2021).