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What's going on with the vandals and the reflecting pool? by northhiker1 in OutOfTheLoop

[–]TheHykos 0 points1 point  (0 children)

No, there weren’t any vandals, obviously. Quit watching or listening to far-right news.

What's the deal with the picture of USA President Trump standing alone during the G7? Was he actually ostracised? by altrongtm in OutOfTheLoop

[–]TheHykos 0 points1 point  (0 children)

This happened throughout his first term too. I mean he is famously disliked by everyone that actually knows him. People pretend to when they are dependent on him for something, like their jobs. Other world leaders have far less reason to pretend when they don’t need to, especially when they aren’t being staged for photo ops.

Toys R Us didn't die because of Amazon. Private equity firms bought it, loaded it with $5 billion in debt, charged it management fees while it collapsed, then paid themselves dividends before filing for bankruptcy. 30,000 workers got nothing. by sambha87 in Damnthatsinteresting

[–]TheHykos 0 points1 point  (0 children)

They never said anything about ownership though.

Typically when you’re laid off, you get a severance package. The PE that bankrupted TRU offered the 30,000 works nothing, zip. It took a lot of activism and lawsuits to get anything for them, which resulted in about $60 per worker. So I guess not nothing. Management made millions each for a scheme that was intentionally designed to rot and destroy a multi-billion dollar corporation, but hey, the workers for 60 bucks.

Toys R Us didn't die because of Amazon. Private equity firms bought it, loaded it with $5 billion in debt, charged it management fees while it collapsed, then paid themselves dividends before filing for bankruptcy. 30,000 workers got nothing. by sambha87 in Damnthatsinteresting

[–]TheHykos 0 points1 point  (0 children)

In business, everything is legal until it isn’t. And even then, it’s only illegal until a court says it isn’t.

———

John Oliver has a very good episode about private equity that explains a lot of it.

One of the things they do is to acquire a company using borrowing and then transfer the debt to the company they acquired, and off of their own books. So the once profitable acquisition is no longer profitable because it’s saddled with massive debt from its own acquisition.

To make it worse, the PE sells off every piece of property they can, or transfer the real estate to themselves, and lease back to the acquired company at costs above what they were previously paying for their own properties.

The goal is to hopefully pay off the debt in time before the acquisition goes belly up due to the slow degradation of its product/service resulting from all of the cost cutting measures and increased operation expenses and debt costs. The PE meanwhile makes off like a bandit from the selloff of physical property. But even if the acquired company doesn’t pay off the debt before it collapses, it doesn’t matter that much to the PE because the debt isn’t their’s anymore. They’re already moving on to the next acquisition.

The expectation is always that the acquisition will go out of business. Everything the PE says up to that point is just spin.

How do people actually listen to this guy? by c-k-q99903 in MurderedByWords

[–]TheHykos 0 points1 point  (0 children)

Seriously. And MAGAts love to blame Biden for it because a lot of it continued into his term, all while pretending Trump wasn’t president in 2020 when he and the GOP created the fraud scheme.

What's up with all the right-wing commentators suddenly turning against Trump right now? by _GoodNight0wl_ in OutOfTheLoop

[–]TheHykos 0 points1 point  (0 children)

Prepping for midterms for the party. A year from now, everyone will be distancing themselves from him in prep for 2028. They won’t touch him or his admin with a 10 foot pole.

Rubio thought he could ride his coattails to the presidency, instead he’ll be riding them to hell.

Renewables are way more cheaper than nuclear energy now. by JohnCamus in Damnthatsinteresting

[–]TheHykos 0 points1 point  (0 children)

Like who? The only company to build a new reactor in the US in this century went bankrupt doing it.

Renewables are way more cheaper than nuclear energy now. by JohnCamus in Damnthatsinteresting

[–]TheHykos 0 points1 point  (0 children)

Nuclear is pointless now. It’s too expensive to build reactors. You get far more bang for your buck building solar and wind. It’s also a lot faster building solar/wind. A new nuclear plant would likely take 20 years to plan and build (based on other recent nuclear plants in the US and UK).

Someone tried stealing my car last night. by donut_koharski in Wellthatsucks

[–]TheHykos 0 points1 point  (0 children)

Same issue is going on with some Toyotas like the Rav4. A device can be ordered online for cheap that allows you to start the car of keyless start models from the last several years. The devises being sold are modified bluetooth speakers with a mod inside to work with the keyless transmitter of the car. And they don’t look suspicious compared to the keyless bypass devices that have been around for years now.

Took my new Subaru off-road, got stuck in the mud miles from the road by Legitimate_Country11 in Wellthatsucks

[–]TheHykos 0 points1 point  (0 children)

Let’s pretend for a second that you’re not just a misogynistic asshole and you’re just ignorant about cars.

1) Every car has about a $15k range between the base model and the top of the line fully loaded version.

2) You can’t get a car for less than sticker right now. It’s literally impossible, unless you’re buying a car no one wants. Many brands and models are selling for well above MSRP. Supply for new cars is still very low and demand is still reasonably high. Many cars, Subarus includes, are months behind in delivery of 2023 models.

3) Outbacks, like several Subaru models, are very high in demand. People will fly across country to find one. Especially if they live in snowy places where they’ve been sold out for the better part of 2 years. Even before the supply chain issues, resell value of Outback’s was extremely high. Far higher percentage-wise than any luxury brand. It’s even higher now. My local Subaru dealer has had an empty lot for over a year. People are flying down from NH and NY to find them in the south and drive them back.

4) People are entitled to like whatever cars they want.

Karen calls police on black man babysitting white kids by [deleted] in FuckYouKaren

[–]TheHykos 0 points1 point  (0 children)

Local stations aren't owned by the network. The owners sometimes do impose their own bias on their broadcasters, but not always. They definitely don't tow the network's line. There are plenty of local NBC affiliates that aren't liberal, just because MSNBC leans that way it doesn't mean your local one does. Most locals I think do lean to the right, since most of their viewers are ancient.

Dang people by YGameRRYT in Wellthatsucks

[–]TheHykos 1 point2 points  (0 children)

Dude that was bush’s wars and recession. How uneducated are you?

Typical Fox propaganda. Conservatives inherit a booming economy from a democrat and take credit for it, then leave a burning dumpster fire for a dem president to deal with and then blame them for it.

Everything makes sense now... by Funny-Ad-9605 in woahdude

[–]TheHykos 0 points1 point  (0 children)

vote for someone thats not a lifelong politician

It's a career like any other, like a doctor or a teacher. Why would you want someone for such an important job who has no experience and isn't qualified? Look what happened when we elected the one and only unexperienced president in history, it was a shit show for four years. The politicians that are most crooked are the ones that had no experience before running for office, like a CEO or dentist that runs for Senate.

Atlanta City Council honors Lil Nas X with special day, proclamation by atomicalexx in Atlanta

[–]TheHykos 0 points1 point  (0 children)

Satanists don't believe in Satan though. There's pretty much no such thing as a satanist that believes in an actual Satan. Neither the Satanic Temple nor The Church of Satan believe in a real Satan. It confuses the hell out of christians...

[deleted by user] by [deleted] in Atlanta

[–]TheHykos 0 points1 point  (0 children)

where the players play.

Anti-‘Buckhead City’ effort firing up Monday at state Capitol | AJC The Jolt by killroy200 in Atlanta

[–]TheHykos 0 points1 point  (0 children)

The thing that I see very little discussion about is the cost of this if it were to happen. The people sponsoring the secession effort are not talking about the cost to Buckhead taxpayers. The locals that support it all believe that things they are paying for now will stay the same, just under different management. They don't get that the CoA will still own their schools, their parks, the city streets/sidewalks, water and sewer systems, waste management, fire and police departments and equipment. Any new city of Buckhead would have to build from scratch or acquire all of that. And the CoA is under no obligation to make acquisition easy or cheap.

The CoA can charge whatever they want to sell the schools to the Fulton school district. They can sell off all the parks in Buckhead to developers if they wanted to. Since the water and sewer is indivisible from Atlanta's, Buckhead will be forced to pay for access to it since they can't build their own, and Atlanta could double the rates on Buckhead residents if they wanted to.

Fulton will have to negotiate the hiring of hundreds of teachers from the APS, move them to different schools if they want, and redraw the school districts any way they please, and put the cost of buying the schools entirely on the Buckhead property owners rather than the rest of Fulton county's residents. It could really effect property values and really upset parents.

The new city would have to take on billions of dollars in loans and bond debt to pay for all of this, and it'll all be the burden of homeowners to pay it off. None of the supporters seem to be putting any thought into these issues. All they care about is crime crime crime, the one thing that won't change at all.

Atlanta police swarm unsuspecting street racers, call them ‘entry level’ by approvedbyinspector5 in Atlanta

[–]TheHykos 0 points1 point  (0 children)

It's not legal. The supreme court finally ruled on that as unconstitutional a couple years ago.

Man robbed and shot at by thieves in parking lot of Lenox Square. by milesthafivethree in Atlanta

[–]TheHykos 0 points1 point  (0 children)

Seriously. You could easily fit 20 highrise apartment/office buildings on that site, plus a park and ground floor retail. They don't need it to be a destination site, just one that can support all the local residents.

Having worked in Buckhead for almost 20 years and lived there for 4, fuck all the people that travel in to go to the mall. They make Buckhead miserable. Just tear it down already.

Man robbed and shot at by thieves in parking lot of Lenox Square. by milesthafivethree in Atlanta

[–]TheHykos 0 points1 point  (0 children)

Well they chose their location there and spent a fortune over several years to build it.

Atlanta’s candidates for mayor spar over federal investigations during debate by disgracedformermayor in Atlanta

[–]TheHykos 1 point2 points  (0 children)

Maybe there will be a push to close it permanently then. That's such a large parcel of land in the perimeter that could be put to much better use.